S. & D.
ActiveSummary
S. & D. has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €113,650 and a net result of €425. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 93% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+5
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 3.01 against 2.37 in 2024; short-term debt: 10.7% and cash: 13.4% of total assets), and 11.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.4%
Return on assets
0.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
36 d early
2023
4 d early
2022
10 d early
2021
6 d early
2020
5 d early
2019
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 21 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€113,650▲ 0.4%
2024 · €113,225
Total assets
€128,573▼ 3.0%
2024 · €132,613
Net result
€425
2024 · -€629
Working capital
€27,741▲ 12.1%
2024 · €24,751
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€8,300-€10,242▼ 23.4%€1,065€2,234▲ 110%€2,921▲ 30.7%
Net result-€10,957below the sector's middle half-€12,765below the sector's middle half▼ 16.5%-€1,593within the sector's middle half▲ 87.5%-€629within the sector's middle half▲ 60.5%€425within the sector's middle half
Equity€128,212above the sector's middle half▼ 7.9%€115,448within the sector's middle half▼ 10.0%€113,854within the sector's middle half▼ 1.4%€113,225within the sector's middle half▼ 0.6%€113,650within the sector's middle half▲ 0.4%
Total assets€158,011within the sector's middle half▼ 9.0%€144,981within the sector's middle half▼ 8.2%€135,138within the sector's middle half▼ 6.8%€132,613within the sector's middle half▼ 1.9%€128,573within the sector's middle half▼ 3.0%
Debt€29,799▼ 13.4%€29,533▼ 0.9%€21,283▼ 27.9%€19,388▼ 8.9%€14,922▼ 23.0%
Working capital€37,339within the sector's middle half▼ 35.9%€20,797within the sector's middle half▼ 44.3%€22,228within the sector's middle half▲ 6.9%€24,751within the sector's middle half▲ 11.4%€27,741within the sector's middle half▲ 12.1%
Solvency81.1%above the sector's middle half▲ 1.0pp79.6%above the sector's middle half▼ 1.5pp84.3%above the sector's middle half▲ 4.6pp85.4%above the sector's middle half▲ 1.1pp88.4%above the sector's middle half▲ 3.0pp
Current ratio2.30within the sector's middle half▼ 0.451.73within the sector's middle half▼ 0.572.10within the sector's middle half▲ 0.372.37within the sector's middle half▲ 0.273.01above the sector's middle half▲ 0.64
Return on assets (ROA)-6.9%below the sector's middle half▼ 8.3pp-8.8%below the sector's middle half▼ 1.9pp-1.2%within the sector's middle half▲ 7.6pp-0.5%within the sector's middle half▲ 0.7pp0.3%within the sector's middle half▲ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128,573
Fixed assets
€87,062 ▼ 3.0%
Current assets
€41,511 ▼ 3.1%
Equity and liabilities €128,573
Equity
€113,650 ▲ 0.4%
Debt
€14,922 ▼ 23.0%
Debt's share of the balance-sheet total falls from 14.6% to 11.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,651▲
2024 · €5,127
Cash flow
€3,155▲
2024 · €2,263
Quick ratio
2.92▲
2024 · 2.28
Debt to equity
0.13▼
2024 · 0.17
ROE
0.4%▲
2024 · -0.6%
Interest coverage
2.18▲
2024 · 1.71
Debt ≤ 1 year
€13,770▼
2024 · €18,070
Income taxes
€43
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,194 | €2,055 | €2,893 | €2,893 | €2,730 | ▼ 5.6% |
| Other operating charges640/8 | €1,933 | €1,971 | €2,156 | €2,237 | €2,306 | ▲ 3.0% |
| Gross operating margin9900 | -€5,173 | -€6,216 | €6,114 | €7,364 | €7,956 | ▲ 8.0% |
| Operating profit (loss)9901 | -€8,300 | -€10,242 | €1,065 | €2,234 | €2,921 | ▲ 30.7% |
| Financial income75/76B | €15 | €0 | €76 | €133 | €134 | ▲ 0.4% |
| Recurring financial income75 | €15 | €0 | €76 | €133 | €134 | ▲ 0.4% |
| Financial charges65/66B | €2,672 | €2,523 | €2,735 | €2,997 | €2,586 | ▼ 13.7% |
| Recurring financial charges65 | €2,672 | €2,523 | €2,735 | €2,997 | €2,586 | ▼ 13.7% |
| Profit (loss) for the period before taxes9903 | -€10,957 | -€12,765 | -€1,593 | -€629 | €468 | ▲ 174% |
| Income taxes67/77 | - | - | - | - | €43 | - |
| Profit (loss) for the period9904 | -€10,957 | -€12,765 | -€1,593 | -€629 | €425 | ▲ 168% |
| Profit (loss) for the period to be appropriated9905 | -€10,957 | -€12,765 | -€1,593 | -€629 | €425 | ▲ 168% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €158,011 | €144,981 | €135,138 | €132,613 | €128,573 | ▼ 3.0% |
| Fixed assets21/28 | €91,955 | €95,577 | €92,684 | €89,792 | €87,062 | ▼ 3.0% |
| Tangible fixed assets22/27 | €91,955 | €95,577 | €92,684 | €89,792 | €87,062 | ▼ 3.0% |
| Land and buildings22 | €90,619 | €94,616 | €92,098 | €89,580 | €87,062 | ▼ 2.8% |
| Plant, machinery and equipment23 | €1,336 | €961 | €586 | €212 | - | - |
| Current assets29/58 | €66,056 | €49,404 | €42,454 | €42,821 | €41,511 | ▼ 3.1% |
| Stocks and contracts in progress3 | - | €823 | €1,877 | €1,568 | €1,329 | ▼ 15.2% |
| Stocks30/36 | - | €823 | €1,877 | €1,568 | €1,329 | ▼ 15.2% |
| Amounts receivable within one year40/41 | €471 | €591 | €33 | €63 | €40 | ▼ 36.5% |
| Trade receivables40 | - | - | €10 | - | - | - |
| Other amounts receivable41 | €471 | €591 | €23 | €63 | €40 | ▼ 36.5% |
| Current investments50/53 | €27,130 | €27,130 | €22,184 | €22,277 | €22,370 | ▲ 0.4% |
| Cash at bank and in hand54/58 | €37,882 | €20,198 | €17,637 | €18,295 | €17,184 | ▼ 6.1% |
| Deferred charges and accrued income490/1 | €573 | €662 | €723 | €619 | €587 | ▼ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €158,011 | €144,981 | €135,138 | €132,613 | €128,573 | ▼ 3.0% |
| Equity10/15 | €128,212 | €115,448 | €113,854 | €113,225 | €113,650 | ▲ 0.4% |
| Contributions10/11 | €29,000 | €29,000 | €29,000 | €29,000 | €29,000 | = |
| Reserves13 | €99,212 | €86,448 | €84,854 | €84,225 | €84,650 | ▲ 0.5% |
| Non-distributable reserves130/1 | €2,900 | €2,900 | - | - | - | - |
| Reserves not available under the articles1311 | €2,900 | €2,900 | - | - | - | - |
| Tax-exempt reserves132 | €263 | €263 | €263 | €263 | €263 | = |
| Distributable reserves133 | €96,050 | €83,285 | €84,592 | €83,963 | €84,388 | ▲ 0.5% |
| Amounts payable17/49 | €29,799 | €29,533 | €21,283 | €19,388 | €14,922 | ▼ 23.0% |
| Amounts payable within one year42/48 | €28,717 | €28,608 | €20,225 | €18,070 | €13,770 | ▼ 23.8% |
| Trade debts44 | €670 | €5,766 | €0 | €998 | - | - |
| Suppliers440/4 | €670 | €5,766 | €0 | €998 | - | - |
| Taxes, remuneration and social security45 | €367 | €305 | €977 | €976 | €660 | ▼ 32.4% |
| Taxes450/3 | €367 | €305 | €977 | €976 | €660 | ▼ 32.4% |
| Other amounts payable47/48 | €27,680 | €22,536 | €19,248 | €16,096 | €13,110 | ▼ 18.6% |
| Accrued charges and deferred income492/3 | €1,082 | €926 | €1,058 | €1,318 | €1,152 | ▼ 12.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,957 | -€12,765 | -€1,593 | -€629 | €425 | ▲ 168% |
| + Depreciation and write-downs630 | €1,194 | €2,055 | €2,893 | €2,893 | €2,730 | ▼ 5.6% |
| Operating cash flow (approximation) | -€9,763 | -€10,709 | €1,300 | €2,263 | €3,155 | ▲ 39.4% |
| Investment in fixed assets (approximation) | - | -€5,677 | €0 | €0 | €0 | - |
| Change in cash | - | -€17,684 | -€2,561 | €658 | -€1,110 | ▼ 269% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €425
Net result €425 after 4 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€12,765
Net result drops to -€12,765, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1978
Ground area
101 m²
Building footprint
100 m²
Volume, LiDAR
725 m³
Parcel 34353H0435/00A000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CHE
since 19782.015.037.220
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353H0435/00A000 | Flanders | 101 m² | 1 · 100 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,440. 1,897 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-05-1978
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0418425336
Also
9925:BE0418425336
Registered
22-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.