S&D-Core
ActiveS&D-Core has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €376k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 2256 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency15▼-1
Growth58=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.06 in 2024), and 95.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
4.5%
Return on assets
81.2%
Age of the figures
11 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 2256 sector peers (2025).
NBB · sector comparisonPosition among 2256 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-01-2026, 108 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
108 d early
2024
54 d early
2023
60 d early
2022
44 d early
2021
2 d early
2020
53 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€21k=
2024 · €21k
2018: €554k
2019: €778k
2020: €198k
2021: €21k
2022: €21k
2023: €21k
2024: €21k
2018 → 2025
Total assets
€463k▲ 22.9%
2024 · €377k
2018: €709k
2019: €791k
2020: €1.14M
2021: €529k
2022: €326k
2023: €346k
2024: €377k
2018 → 2025
Net result
€376k▲ 24.2%
2024 · €303k
2018: €159k
2019: €223k
2020: €217k
2021: €298k
2022: €248k
2023: €275k
2024: €303k
2018 → 2025
Working capital
€27k▲ 21.5%
2024 · €22k
2018: €549k
2019: €774k
2020: €197k
2021: €26k
2022: €24k
2023: €22k
2024: €22k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€21k▼ 2.3%€21k=€21k=€21k=
Operating result€346k-€337k▼ 2.6%€376k▲ 11.6%€410k▲ 9.1%€510k▲ 24.3%
Net result€298k-€248k▼ 16.9%€275k▲ 11.1%€303k▲ 10.2%€376k▲ 24.2%
Turnover and EBIT margin not published: the abbreviated 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 24% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €463k
Fixed assets
€417▼ 46.3%
Current assets
€463k▲ 23.0%
Equity and liabilities €463k
Equity
€21k=
Debt
€443k▲ 24.2%
The debt ratio rises from 94.5% to 95.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€510k▲
2024 · €410k
Cash flow
€376k▲
2024 · €303k
Solvency
4.5%▼
2024 · 5.5%
Current ratio
1.06▼
2024 · 1.06
Quick ratio
1.06▼
2024 · 1.06
Debt / equity
21.25▲
2024 · 17.10
ROA
81.2%▲
2024 · 80.3%
Interest coverage
170.91▲
2024 · 111.46
Debt
€443k▲
2024 · €356k
Debt ≤ 1 year
€436k▲
2024 · €354k
Income taxes
€131k▲
2024 · €106k
A ratio outside any meaningful range has been withheld (balance sheet total €463k, equity €21k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€377k€463k▲
Fixed assets21/28€776€417▼
Tangible fixed assets22/27€686€417▼
Plant, machinery and equipment23€686€417▼
Financial fixed assets28€90-
Current assets29/58€376k€463k▲
Amounts receivable within one year40/41€150k€110k▼
Trade receivables40€150k€110k▼
Other amounts receivable41€820€490▼
Current investments50/53€150k€300k▲
Cash at bank and in hand54/58€75k€46k▼
Deferred charges and accrued income490/1€558€7k▲
Equity and liabilities
Total equity and liabilities10/49€377k€463k▲
Equity10/15€21k€21k=
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Amounts payable17/49€356k€443k▲
Amounts payable within one year42/48€354k€436k▲
Financial debts43€32k€34k▲
Credit institutions430/8€32k€34k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€10k€16k▲
Remuneration and social security454/9€10k€16k▲
Other amounts payable47/48€310k€385k▲
Accrued charges and deferred income492/3€2k€6k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€269€269=
Other operating charges640/8€384€548▲
Gross operating margin9900€411k€511k▲
Operating profit (loss)9901€410k€510k▲
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€409k€507k▲
Income taxes67/77€106k€131k▲
Profit (loss) for the period9904€303k€376k▲
Profit (loss) for the period to be appropriated9905€303k€376k▲
Appropriation of the result
Profit (loss) to be appropriated9906€303k€376k▲
Profit to be distributed694/7€303k€376k▲
Return on contributions (dividend)694€303k€376k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €376k ▲24.2%
Operating result €510k, net result €376k, both a record.
07-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Liquidity times 13current ratio 58.85
Current ratio from 4.55 to 58.85; short-term debt falls from €155k to €13k.
05-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Tervuren · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mechelsestraat 933080 TervurenGround area
4,528 m²
Building footprint
289 m²
Volume, LiDAR
1,421 m³
Parcel 24114D0022/00D000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
S&D-Core
since 20152.247.789.314
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24114D0022/00D000 | Flanders | 4,528 m² | 1 · 289 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
699400652JNJSOAP6D11
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Veridim
BE 0741.815.913
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BRUGEOIS
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Middelkerke · Eq €21k
JUMOO
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Of 24,424 companies in sector 82990 we hold annual accounts for 9,361. 5,830 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-11-2015
Fiscal year end30-09
Activities, NACEBEL
82990Other business support services
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.