SD
ActiveThe computed 12-month bankruptcy probability of SD is 3.1% (moderate). The 2026 annual accounts show equity of €52k and a net result of €2k. Equity is growing by ~22.2% per year across the filed fiscal years. The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability72▲+1
Solvency79▼-14
Growth52=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 4.23 against 11.26 in 2025; short-term debt: 13.6% and cash: 15.2% of total assets), and 46.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Sector 53
higher
← 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 2026Solvency, return and age of the figures
Solvency
53.7%
Return on assets
2.4%
Age of the figures
6 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 03-09-2026, 58 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2026
58 d early
2025
150 d early
2024
129 d early
2023
128 d early
2022
47 d early
2021
113 d late
2020
96 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2k▲ 62.8%
2025 · €1k
2019: €4k
2020: €5k
2021: €16k
2022: €11k
2023: €6k
2024: €10k
2025: €1k
2019 → 2026
Working capital
€43k▼ 6.1%
2025 · €46k
2019: €-12k
2020: €-8k
2021: €8k
2022: €20k
2023: €31k
2024: €43k
2025: €46k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€33k-€39k▲ 16.7%€49k▲ 25.7%€50k▲ 2.9%€52k▲ 4.7%
Operating result€12k-€10k▼ 15.4%€15k▲ 56.8%€4k▼ 70.8%€8k▲ 88.7%
Net result€11k-€6k▼ 51.5%€10k▲ 79.2%€1k▼ 85.6%€2k▲ 62.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 89% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €97k
Fixed assets
€41k▲ 79.5%
Current assets
€56k▲ 12.0%
Equity and liabilities €97k
Equity
€52k▲ 4.7%
Debt
€45k▲ 95.5%
The debt ratio rises from 31.5% to 46.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15k▲
2025 · €7k
Cash flow
€9k▲
2025 · €4k
Solvency
53.7%▼
2025 · 68.5%
Current ratio
4.23▼
2025 · 11.26
Quick ratio
4.23▼
2025 · 11.26
Debt / equity
0.86▲
2025 · 0.46
ROE
4.4%▲
2025 · 2.9%
ROA
2.4%▲
2025 · 2.0%
Interest coverage
7.43▼
2025 · 11.33
Debt
€45k▲
2025 · €23k
Debt ≤ 1 year
€13k▲
2025 · €4k
Debt > 1 year
€32k▲
2025 · €19k
Income taxes
€4k▲
2025 · €2k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€73k€97k▲
Fixed assets21/28€23k€41k▲
Tangible fixed assets22/27€23k€41k▲
Furniture and vehicles24€23k€41k▲
Current assets29/58€50k€56k▲
Amounts receivable within one year40/41€34k€31k▼
Trade receivables40€9k€6k▼
Other amounts receivable41€25k€25k▲
Cash at bank and in hand54/58€6k€15k▲
Deferred charges and accrued income490/1€10k€10k=
Equity and liabilities
Total equity and liabilities10/49€73k€97k▲
Equity10/15€50k€52k▲
Contributions10/11€100€100=
Capital10€100€100=
Issued capital100€19k€19k=
Uncalled capital101€19k€19k=
Profit (loss) carried forward14€50k€52k▲
Amounts payable17/49€23k€45k▲
Amounts payable after more than one year17€19k€32k▲
Financial debts170/4€19k€32k▲
Amounts payable within one year42/48€4k€13k▲
Current portion of amounts payable after more than one year42€4k€11k▲
Trade debts44€194€35▼
Suppliers440/4€194€35▼
Taxes, remuneration and social security45€163€3k▲
Taxes450/3€163€3k▲
Income statement
Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€7k▲
Other operating charges640/8€75€477▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€7k€19k▲
Operating profit (loss)9901€4k€8k▲
Financial charges65/66B€628€2k▲
Recurring financial charges65€628€2k▲
Profit (loss) for the period before taxes9903€4k€6k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€1k€2k▲
Profit (loss) for the period to be appropriated9905€1k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€52k▲
Profit (loss) brought forward from the previous period14P€48k€50k▲
The notes to these accounts (6 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 2027, expected by
2026
03-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €1k ▼85.6%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 6.71
Current ratio from 3.24 to 6.71; short-term debt falls from €9k to €5k.
2022
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 113 days late
2021
31-03
Financial
Highest result since 2019net €16k ▲239%
Operating result €16k, net result €16k, both a record.
31-03
Financial
Liquidity quadruplescurrent ratio 2.34
Current ratio from 0.65 to 2.34; short-term debt falls from €22k to €6k.
04-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 96 days late
04-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 462 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 302 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Brussel · 1 establishment unit since 2013
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.
Stalingradlaan 521000 BrusselGround area
926 m²
Building footprint
577 m²
Volume, LiDAR
7,481 m³
2 parcels, Brussels · tallest building 21.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Oorlogskruisenlaan 221, 1120 Brussel
since 20132.220.018.412
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819D0219/00A008 | Brussels | 590 m² | 1 · 238 m² | 16.0 m · 5 fl. |
| 21809K0170/02B005 | Brussels | 336 m² | 1 · 340 m² | 21.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 430 companies in sector 53100 we hold annual accounts for 127. 105 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded11-06-2013
Fiscal year end31-03
Activities, NACEBEL
53100Postal and courier activities
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.