Summary
S.VD 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 €1.1m and a net result of €240,500. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 85% of 1495 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 08-04-2026, 114 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
114 d early
2024
5 d early
2023
56 d early
2022
2 d late
2021
12 d late
2020
30 d late
2019
4 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 19 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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.
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, abbreviated schema
Equity
€1.1m▲ 28.0%
2024 · €860,119
Net result
€240,500▲ 73.0%
2024 · €139,053
Total assets
€1.3m▲ 0.1%
2024 · €1.3m
Solvency
81.9%▲ 17.8pp
2024 · 64.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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€106,609▲ 14.4%€112,587▲ 5.6%€109,475▼ 2.8%€135,096▲ 23.4%€128,112▼ 5.2%
Net result€75,784within the sector's middle half▲ 13.4%€80,821above the sector's middle half▲ 6.6%€126,101above the sector's middle half▲ 56.0%€139,053above the sector's middle half▲ 10.3%€240,500above the sector's middle half▲ 73.0%
Equity€514,143within the sector's middle half▲ 17.3%€594,964above the sector's middle half▲ 15.7%€721,065above the sector's middle half▲ 21.2%€860,119above the sector's middle half▲ 19.3%€1.1mabove the sector's middle half▲ 28.0%
Total assets€1.3mwithin the sector's middle half▲ 0.2%€1.3mabove the sector's middle half▼ 0.3%€1.3mabove the sector's middle half▼ 1.2%€1.3mabove the sector's middle half▲ 4.9%€1.3mwithin the sector's middle half▲ 0.1%
Debt€786,540▼ 8.6%€701,544▼ 10.8%€559,426▼ 20.3%€482,523▼ 13.7%€243,537▼ 49.5%
Working capital-€330,483▼ 1.6%-€331,546▼ 0.3%-€292,389▲ 11.8%-€255,622▲ 12.6%-€99,887▲ 60.9%
Solvency39.5%within the sector's middle half▲ 5.8pp45.9%within the sector's middle half▲ 6.4pp56.3%within the sector's middle half▲ 10.4pp64.1%within the sector's middle half▲ 7.8pp81.9%above the sector's middle half▲ 17.8pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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.
Why a figure moved sharply
- 2025 Net result +73% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.3m ▼ 0.8%
Current assets
€57,373 ▲ 27.9%
Equity and liabilities €1.3m
Equity
€1.1m ▲ 28.0%
Debt
€243,537 ▼ 49.5%
Debt's share of the balance-sheet total falls from 35.9% to 18.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
21.9%▲
2024 · 16.2%
ROA
17.9%▲
2024 · 10.4%
Debt ≤ 1 year
€157,261▼
2024 · €300,468
Debt > 1 year
€85,992▼
2024 · €181,661
Income taxes
€52,305▲
2024 · €40,161
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9,500 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,197 | €6,060 | - | €6,899 | €11,012 | ▲ 59.6% |
| Other operating charges640/8 | €815 | €1,405 | €1,701 | €1,442 | €1,382 | ▼ 4.1% |
| Gross operating margin9900 | €113,621 | €120,052 | €111,176 | €143,436 | €140,507 | ▼ 2.0% |
| Operating profit (loss)9901 | €106,609 | €112,587 | €109,475 | €135,096 | €128,112 | ▼ 5.2% |
| Financial income75/76B | - | - | €46,000 | €49,731 | €169,086 | ▲ 240% |
| Recurring financial income75 | - | - | €46,000 | €49,731 | €169,086 | ▲ 240% |
| Financial charges65/66B | €7,669 | €6,490 | €5,618 | €5,613 | €4,393 | ▼ 21.7% |
| Recurring financial charges65 | €7,669 | €6,490 | €5,618 | €5,613 | €4,393 | ▼ 21.7% |
| Profit (loss) for the period before taxes9903 | €98,940 | €106,097 | €149,857 | €179,214 | €292,805 | ▲ 63.4% |
| Income taxes67/77 | €23,156 | €25,276 | €23,756 | €40,161 | €52,305 | ▲ 30.2% |
| Profit (loss) for the period9904 | €75,784 | €80,821 | €126,101 | €139,053 | €240,500 | ▲ 73.0% |
| Profit (loss) for the period to be appropriated9905 | €75,784 | €80,821 | €126,101 | €139,053 | €240,500 | ▲ 73.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | ▲ 0.1% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.2m | €1.3m | €1.3m | ▼ 0.8% |
| Tangible fixed assets22/27 | €6,060 | - | - | €48,163 | €37,150 | ▼ 22.9% |
| Plant, machinery and equipment23 | - | - | - | €1,853 | €1,441 | ▼ 22.2% |
| Furniture and vehicles24 | €6,060 | - | - | €46,310 | €35,710 | ▼ 22.9% |
| Financial fixed assets28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Current assets29/58 | €47,510 | €49,395 | €30,859 | €44,847 | €57,373 | ▲ 27.9% |
| Amounts receivable within one year40/41 | €12,742 | €13,482 | - | - | - | - |
| Trade receivables40 | €12,742 | €13,017 | - | - | - | - |
| Other amounts receivable41 | - | €465 | - | - | - | - |
| Cash at bank and in hand54/58 | €34,260 | €32,827 | €29,248 | €43,669 | €56,519 | ▲ 29.4% |
| Deferred charges and accrued income490/1 | €507 | €3,086 | €1,611 | €1,178 | €854 | ▼ 27.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | ▲ 0.1% |
| Equity10/15 | €514,143 | €594,964 | €721,065 | €860,119 | €1.1m | ▲ 28.0% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €501,743 | €582,564 | €708,665 | €847,719 | €1.1m | ▲ 28.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €499,883 | €580,704 | €708,665 | €847,719 | €1.1m | ▲ 28.4% |
| Amounts payable17/49 | €786,540 | €701,544 | €559,426 | €482,523 | €243,537 | ▼ 49.5% |
| Amounts payable after more than one year17 | €407,861 | €320,000 | €235,631 | €181,661 | €85,992 | ▼ 52.7% |
| Financial debts170/4 | €407,861 | €320,000 | €235,631 | €181,661 | €85,992 | ▼ 52.7% |
| Amounts payable within one year42/48 | €377,993 | €380,941 | €323,247 | €300,468 | €157,261 | ▼ 47.7% |
| Current portion of amounts payable after more than one year42 | €87,058 | €87,860 | €84,369 | €94,126 | €95,669 | ▲ 1.6% |
| Trade debts44 | €7,191 | €17,634 | €8,675 | €10,735 | €24,908 | ▲ 132% |
| Suppliers440/4 | €7,191 | €17,634 | €8,675 | €10,735 | €24,908 | ▲ 132% |
| Taxes, remuneration and social security45 | €10,296 | €2,000 | €2,756 | €18,161 | €29,790 | ▲ 64.0% |
| Taxes450/3 | €10,296 | €2,000 | €2,756 | €18,161 | €29,790 | ▲ 64.0% |
| Remuneration and social security454/9 | - | - | - | - | €0 | - |
| Other amounts payable47/48 | €273,447 | €273,447 | €227,447 | €177,447 | €6,894 | ▼ 96.1% |
| Accrued charges and deferred income492/3 | €686 | €602 | €548 | €393 | €284 | ▼ 27.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75,784 | €80,821 | €126,101 | €139,053 | €240,500 | ▲ 73.0% |
| + Depreciation and write-downs630 | €6,197 | €6,060 | - | €6,899 | €11,012 | ▲ 59.6% |
| Operating cash flow (approximation) | €81,981 | €86,881 | €126,101 | €145,952 | €251,512 | ▲ 72.3% |
| Investment in fixed assets (approximation) | - | €0 | -€2,519 | -€55,061 | €0 | ▲ 100% |
| Change in cash | - | -€1,434 | -€3,579 | €14,421 | €12,851 | ▼ 10.9% |
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
15-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €240,500 ▲73%
Net result €240,500, the highest in the series.
31-12
Financial
Equity above €1mEq €1.1m ▲28%
6 profitable years in a row build equity to €1.1m.
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 12 days late
2021
31-12
Financial
Equity above €500,000Eq €514,143 ▲17.3%
2 profitable years in a row build equity to €514,143.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Back to profitnet €66,855
Net result €66,855 after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€58,210
Net result drops to -€58,210, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 81current ratio 23.72
Current ratio from 0.29 to 23.72; short-term debt falls from €67,469 to €16,180.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kortemark · 1 establishment unit since 2012
Ground area
1,500 m²
Building footprint
208 m²
Volume, LiDAR
1,106 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
S.VD
since 20122.215.029.345
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011C0721/00K000 | Flanders | 919 m² | 1 · 123 m² | 8.0 m · 2 fl. |
| 31522C0414/00K000 | Flanders | 581 m² | 1 · 85 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
99.46%
According to the 2025 annual accounts of S.VD and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 4,673 companies in sector 66220 we hold annual accounts for 3,222. 2,104 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
Founded16-10-2012
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
66191Agents and brokers in banking services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0849638440
Also
9925:BE0849638440
Registered
14-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.