S.D. & N.
ActiveSummary
S.D. & N. has been active since 1995 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €736,523 and a net result of -€1,583. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 85% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-32
Solvency100=
Growth52=
Track record92
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
short-term debt: 0.1% and cash: 0% of total assets, and 11.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
88.7%
Return on assets
-0.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
41 d early
2023
324 d late
2022
140 d late
2021
207 d late
2019
57 d early
2018
7 d late
← 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 86 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
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 18 December (4 of the last 5 filed years within 181 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Equity
€736,523▼ 0.2%
2024 · €738,106
Total assets
€829,930▼ 0.1%
2024 · €830,451
Net result
-€1,583
2024 · €2,939
Working capital
€804,634▼ 0.3%
2023 · €807,351
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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€325,472--€53,221-€21,717▲ 59.2%-€3,462▲ 84.1%-€7,297▼ 111%
Net result€332,554above the sector's middle half--€34,782below the sector's middle half-€16,451below the sector's middle half▲ 52.7%€2,939within the sector's middle half-€1,583below the sector's middle half
Equity€786,400within the sector's middle half-€751,618within the sector's middle half▼ 4.4%€735,166above the sector's middle half▼ 2.2%€738,106above the sector's middle half▲ 0.4%€736,523within the sector's middle half▼ 0.2%
Total assets€902,706within the sector's middle half-€901,418within the sector's middle half▼ 0.1%€832,223above the sector's middle half▼ 7.7%€830,451above the sector's middle half▼ 0.2%€829,930within the sector's middle half▼ 0.1%
Debt€23,961-€57,456▲ 140%€4,712▼ 91.8%€1,062
Working capital€855,960above the sector's middle half-€824,648above the sector's middle half▼ 3.7%€807,351above the sector's middle half▼ 2.1%€804,634above the sector's middle half
Solvency87.1%above the sector's middle half-83.4%above the sector's middle half▼ 3.7pp88.3%above the sector's middle half▲ 5.0pp88.9%above the sector's middle half▲ 0.5pp88.7%above the sector's middle half▼ 0.1pp
Current ratio69.60above the sector's middle half-18.94above the sector's middle half▼ 50.66
Return on assets (ROA)36.8%above the sector's middle half--3.9%below the sector's middle half▼ 40.7pp-2.0%below the sector's middle half▲ 1.9pp0.4%below the sector's middle half▲ 2.3pp-0.2%below the sector's middle half▼ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,297 in 2025 against €3,462 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €829,930
Fixed assets
€24,234 ▲ 136%
Current assets
€805,696 ▼ 1.8%
Equity and liabilities €829,930
Equity
€736,523
Provisions
€92,345
Debt
€1,062
Debt finances 0.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€3,014▼
2024 · €6,439
Cash flow
€8,728▼
2024 · €12,840
Debt to equity
0.00
ROE
-0.2%▼
2024 · 0.4%
Debt ≤ 1 year
€1,062
Income taxes
€786
A ratio outside any meaningful range has been withheld (balance sheet total €829,930, equity €736,523).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 8,611 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €369,380 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,270 | €10,055 | €10,638 | €9,901 | €10,311 | ▲ 4.1% |
| Other operating charges640/8 | €10,264 | €4,127 | €3,166 | €0 | €422 | - |
| Gross operating margin9900 | €344,006 | -€39,040 | -€7,913 | €6,439 | €3,436 | ▼ 46.6% |
| Operating profit (loss)9901 | €325,472 | -€53,221 | -€21,717 | -€3,462 | -€7,297 | ▼ 111% |
| Financial income75/76B | €7,201 | €19,500 | €6,500 | €6,500 | €6,500 | = |
| Recurring financial income75 | €7,201 | €19,500 | €6,500 | €6,500 | €6,500 | = |
| Financial charges65/66B | €120 | €1,061 | €1,234 | €98 | €0 | ▼ 100% |
| Recurring financial charges65 | €120 | €1,061 | €1,234 | €98 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €332,554 | -€34,782 | -€16,451 | €2,939 | -€797 | ▼ 127% |
| Income taxes67/77 | - | - | - | - | €786 | - |
| Profit (loss) for the period9904 | €332,554 | -€34,782 | -€16,451 | €2,939 | -€1,583 | ▼ 154% |
| Transfer to tax-exempt reserves689 | €369,380 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€36,826 | -€34,782 | -€16,451 | €2,939 | -€1,583 | ▼ 154% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €902,706 | €901,418 | €832,223 | €830,451 | €829,930 | ▼ 0.1% |
| Fixed assets21/28 | €34,269 | €30,798 | €20,161 | €10,260 | €24,234 | ▲ 136% |
| Tangible fixed assets22/27 | €34,269 | €30,798 | €20,161 | €10,260 | €24,234 | ▲ 136% |
| Plant, machinery and equipment23 | €1,869 | €2,345 | €804 | €0 | - | - |
| Furniture and vehicles24 | €32,400 | €28,454 | €19,357 | €10,260 | €24,234 | ▲ 136% |
| Current assets29/58 | €868,437 | €870,620 | €812,062 | €820,191 | €805,696 | ▼ 1.8% |
| Amounts receivable after more than one year29 | €780,000 | €780,000 | €780,000 | €780,000 | €780,000 | = |
| Trade receivables290 | €780,000 | €780,000 | €780,000 | €780,000 | €780,000 | = |
| Amounts receivable within one year40/41 | €23,744 | €12,931 | €6,055 | €7,271 | €0 | ▼ 100% |
| Trade receivables40 | - | - | €855 | €0 | - | - |
| Other amounts receivable41 | €23,744 | €12,931 | €5,200 | €7,271 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €56,843 | €56,839 | €7 | €420 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €7,850 | €20,850 | €26,000 | €32,500 | €25,696 | ▼ 20.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €902,706 | €901,418 | €832,223 | €830,451 | €829,930 | ▼ 0.1% |
| Equity10/15 | €786,400 | €751,618 | €735,166 | €738,106 | €736,523 | ▼ 0.2% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Capital10 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €338,748 | €338,748 | €338,748 | €338,748 | €338,748 | = |
| Non-distributable reserves130/1 | €4,958 | €4,958 | €4,958 | €4,958 | €4,958 | = |
| Legal reserve130 | €4,958 | €4,958 | €4,958 | €4,958 | €4,958 | = |
| Tax-exempt reserves132 | €277,035 | €277,035 | €277,035 | €277,035 | €277,035 | = |
| Distributable reserves133 | €56,755 | €56,755 | €56,755 | €56,755 | €56,755 | = |
| Profit (loss) carried forward14 | -€599,186 | -€633,968 | -€650,419 | -€647,480 | -€649,063 | ▼ 0.2% |
| Provisions and deferred taxes16 | €92,345 | €92,345 | €92,345 | €92,345 | €92,345 | = |
| Provisions for liabilities and charges160/5 | - | €92,345 | €92,345 | €92,345 | €92,345 | = |
| Taxes161 | - | €92,345 | €92,345 | €92,345 | €92,345 | = |
| Deferred taxes168 | €92,345 | - | - | - | - | - |
| Amounts payable17/49 | €23,961 | €57,456 | €4,712 | - | €1,062 | - |
| Amounts payable within one year42/48 | €12,477 | €45,972 | €4,712 | - | €1,062 | - |
| Trade debts44 | €8,790 | €12,090 | - | - | - | - |
| Suppliers440/4 | €8,790 | €12,090 | - | - | - | - |
| Other amounts payable47/48 | €3,688 | €33,882 | €4,712 | - | €1,062 | - |
| Accrued charges and deferred income492/3 | €11,484 | €11,484 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €332,554 | -€34,782 | -€16,451 | €2,939 | -€1,583 | ▼ 154% |
| + Depreciation and write-downs630 | €8,270 | €10,055 | €10,638 | €9,901 | €10,311 | ▲ 4.1% |
| Operating cash flow (approximation) | €340,824 | -€24,728 | -€5,814 | €12,840 | €8,728 | ▼ 32.0% |
| Investment in fixed assets (approximation) | - | -€6,584 | €0 | €0 | -€24,285 | - |
| Change in cash | - | -€5 | -€56,832 | €413 | -€420 | ▼ 202% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 324 days late
2024
31-12
Financial
Back to profitnet €2,939
Net result €2,939 after 2 loss-making years.
13-09
KBO administration
Address struck
event 26-08-2024
2023
31-12
Financial
Liquidity times 9current ratio 172.35
Current ratio from 18.94 to 172.35; short-term debt falls from €45,972 to €4,712.
18-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 140 days late
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 207 days late
2022
31-12
Financial
Weakest financial yearnet -€34,782
Net result drops to -€34,782, the lowest in the series; recovery starts the following year.
2021
31-12
Financial
Highest result since 2018net €332,554 ▲7,222%
Operating result €325,472, net result €332,554, both a record.
31-12
Financial
Liquidity times 15current ratio 69.60
Current ratio from 4.77 to 69.60; short-term debt falls from €13,803 to €12,477.
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Liquidity triplescurrent ratio 4.77
Current ratio from 1.72 to 4.77; short-term debt falls from €31,008 to €13,803.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 4 days late
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Antwerpen · 1 establishment unit since 1995
Ground area
1,491 m²
Building footprint
984 m²
Volume, LiDAR
7,216 m³
Parcel 11463D0325/00K002, Flanders · tallest building 8.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kernenergiestraat 19B, 2610 Antwerpen
since 19952.071.522.793
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0325/00K002 | Flanders | 1,491 m² | 1 · 984 m² | 8.2 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 82,646 companies in sector 70200 we hold annual accounts for 52,627. 31,089 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-03-1995
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454820231
Also
9925:BE0454820231
Registered
07-09-2026
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.