S.D.S. is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.76M and a net result of €656k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 56% of 5498 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
98 d early
2023
37 d early
2022
14 d early
2021
39 d early
2020
50 d early
2019
25 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.76M▲ 21.8%
2024 · €2.27M
2018: €1.77M
2019: €1.97M
2020: €2.13M
2021: €2.21M
2022: €2.28M
2023: €2.27M
2024: €2.27M
2018 → 2025
Net result
€656k▲ 237%
2024 · €195k
2018: €79k
2019: €194k
2020: €162k
2021: €82k
2022: €68k
2023: €84k
2024: €195k
2018 → 2025
Total assets
€4.72M▼ 20.9%
2024 · €5.97M
2018: €3.60M
2019: €3.54M
2020: €3.61M
2021: €3.60M
2022: €3.65M
2023: €5.96M
2024: €5.97M
2018 → 2025
Solvency
58.5%▲ 20.5pp
2024 · 38.0%
2018: 49.3%
2019: 55.5%
2020: 58.9%
2021: 61.5%
2022: 62.4%
2023: 38.1%
2024: 38.0%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.21M-€2.28M▲ 3.1%€2.27M▼ 0.4%€2.27M=€2.76M▲ 21.8%
Operating result€103k-€54k▼ 47.8%€173k▲ 222%€297k▲ 71.1%€674k▲ 127%
Net result€82k-€68k▼ 16.6%€84k▲ 23.4%€195k▲ 131%€656k▲ 237%
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 127% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.72M
Fixed assets
€3.98M▼ 6.2%
Current assets
€741k▼ 57.1%
Equity and liabilities €4.72M
Equity
€2.76M▲ 21.8%
Provisions
€96k▼ 2.5%
Debt
€1.86M▼ 48.3%
The debt ratio falls from 60.3% to 39.5%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
58.5%▲
2024 · 38.0%
ROE
23.7%▲
2024 · 8.6%
ROA
13.9%▲
2024 · 3.3%
Debt
€1.86M▼
2024 · €3.60M
Debt ≤ 1 year
€287k▼
2024 · €1.81M
Debt > 1 year
€1.58M▼
2024 · €1.79M
Income taxes
€67k▲
2024 · €21k
Staff costs
€58k▲
2024 · €46k
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€5.97M€4.72M▼
Fixed assets21/28€4.25M€3.98M▼
Tangible fixed assets22/27€3.14M€3.10M▼
Land and buildings22€3.12M€3.09M▼
Plant, machinery and equipment23€12k€9k▼
Furniture and vehicles24€7k€4k▼
Financial fixed assets28€1.11M€881k▼
Current assets29/58€1.73M€741k▼
Amounts receivable within one year40/41€1.58M€456k▼
Trade receivables40€5k-
Other amounts receivable41€1.57M€456k▼
Cash at bank and in hand54/58€127k€258k▲
Deferred charges and accrued income490/1€23k€27k▲
Equity and liabilities
Total equity and liabilities10/49€5.97M€4.72M▼
Equity10/15€2.27M€2.76M▲
Contributions10/11€906k€906k=
Reserves13€1.36M€1.86M▲
Tax-exempt reserves132€293k€283k▼
Distributable reserves133€1.07M€1.58M▲
Provisions and deferred taxes16€98k€96k▼
Deferred taxes168€98k€96k▼
Amounts payable17/49€3.60M€1.86M▼
Amounts payable after more than one year17€1.79M€1.58M▼
Financial debts170/4€748k€703k▼
Other amounts payable178/9€1.04M€874k▼
Amounts payable within one year42/48€1.81M€287k▼
Current portion of amounts payable after more than one year42€44k€46k▲
Financial debts43€1.51M€7k▼
Credit institutions430/8€1.51M€7k▼
Trade debts44€16k€5k▼
Suppliers440/4€16k€5k▼
Taxes, remuneration and social security45€32k€34k▲
Taxes450/3€24k€23k▼
Remuneration and social security454/9€9k€11k▲
Other amounts payable47/48€213k€197k▼
Income statement
Code20242025
Remuneration, social security and pensions62€46k€58k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€51k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€397k€787k▲
Operating profit (loss)9901€297k€674k▲
Financial income75/76B€109k€156k▲
Recurring financial income75€109k€156k▲
Financial charges65/66B€192k€110k▼
Recurring financial charges65€192k€110k▼
Profit (loss) for the period before taxes9903€213k€721k▲
Transfer from deferred taxes780€2k€2k▲
Income taxes67/77€21k€67k▲
Profit (loss) for the period9904€195k€656k▲
Transfer from tax-exempt reserves789€10k€10k▼
Profit (loss) for the period to be appropriated9905€205k€666k▲
Appropriation of the result
Profit (loss) to be appropriated9906€205k€666k▲
Transfer from equity791/2€194k€162k▼
Transfer to equity691/2€205k€666k▲
To other reserves6921€205k€666k▲
Profit to be distributed694/7€194k€162k▼
Return on contributions (dividend)694€194k€162k▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (13 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €656k ▲237%
Operating result €674k, net result €656k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.58
Current ratio from 0.95 to 2.58; short-term debt falls from €1.81M to €287k.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €68k ▼16.6%
Net result drops to €68k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.55
Current ratio from 0.77 to 1.55.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €2MEq €2.13M ▲8.3%
3 profitable years in a row build equity to €2.13M.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Damme · 1 establishment unit since 2003
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.
Doornstraat 188340 DammeGround area
1.0 ha
Building footprint
345 m²
Volume, LiDAR
1,837 m³
Parcel 31026A0311/00H000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
S.D.S.
since 20032.185.061.689
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31026A0311/00H000 | Flanders | 1.0 ha | 1 · 345 m² | 9.1 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.
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 9,923 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-10-2003
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.