SD & CONSTRUCTIONS
ActiveSummary
SD & CONSTRUCTIONS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €957,028 and a net result of €41,413. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 73% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability22▲+4
Solvency86▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 8.26 against 1.36 in 2024; short-term debt: 6.8% and cash: 18.7% of total assets), and 38.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
61.2%
Return on assets
2.6%
Age of the figures
12 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 30-09-2025 was due by 30-04-2026 and was filed on 02-04-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
30 d early
2023
43 d early
2022
72 d early
2021
38 d early
2020
16 d early
2019
99 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 47 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
Total assets
€1.6m▲ 0.4%
2024 · €1.6m
Net result
€41,413
2024 · -€12,531
Working capital
€771,832▲ 236%
2024 · €229,881
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€106,858▼ 62.2%-€396,300▼ 271%-€23,110▲ 94.2%-€17,389▲ 24.8%-€11,005▲ 36.7%
Net result-€108,796▼ 218%-€396,989▼ 265%-€23,273▲ 94.1%-€12,531▲ 46.2%€41,413
Equity€75,008▼ 59.2%-€321,981€928,146€915,615▼ 1.4%€957,028▲ 4.5%
Total assets€2.5m▼ 2.2%€1.6m▼ 35.7%€1.6m▼ 2.3%€1.6m▼ 2.0%€1.6m▲ 0.4%
Debt€2.5m▲ 2.1%€1.9m▼ 20.7%€660,206▼ 66.1%€641,539▼ 2.8%€606,381▼ 5.5%
Working capital-€714,466▲ 41.3%-€656,615▲ 8.1%€243,511€229,881▼ 5.6%€771,832▲ 236%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Net result +94% on 2022. Cause not known from the registers.
- 2022 Net result -265% on 2021. Cause not known from the registers.
- 2021 Equity -59% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,005 in 2025 against €17,389 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€685,197 ▼ 0.1%
Current assets
€878,212 ▲ 0.8%
Equity and liabilities €1.6m
Equity
€957,028 ▲ 4.5%
Debt
€606,381 ▼ 5.5%
Debt's share of the balance-sheet total falls from 41.2% to 38.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€10,468▲
2024 · -€16,877
Cash flow
€41,951▲
2024 · -€12,019
Current ratio
8.26▲
2024 · 1.36
Debt to equity
0.63▼
2024 · 0.70
ROE
4.3%▲
2024 · -1.4%
ROA
2.6%▲
2024 · -0.8%
Interest coverage
-53.16▲
2024 · -170.15
Debt ≤ 1 year
€106,381▼
2024 · €641,539
Debt > 1 year
€500,000
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €136,620 | €409,861 | €0 | €512 | €537 | ▲ 4.9% |
| Other operating charges640/8 | - | €6,333 | €3,567 | €4,980 | €2,694 | ▼ 45.9% |
| Gross operating margin9900 | €101,365 | €19,894 | -€19,542 | -€11,897 | -€7,773 | ▲ 34.7% |
| Operating profit (loss)9901 | -€106,858 | -€396,300 | -€23,110 | -€17,389 | -€11,005 | ▲ 36.7% |
| Financial income75/76B | - | €12 | €0 | €4,958 | €52,615 | ▲ 961% |
| Recurring financial income75 | €0 | €12 | €0 | €4,958 | €52,615 | ▲ 961% |
| Financial charges65/66B | - | €701 | €164 | €99 | €197 | ▲ 98.5% |
| Recurring financial charges65 | €1,938 | €701 | €164 | €99 | €197 | ▲ 98.5% |
| Profit (loss) for the period before taxes9903 | -€108,796 | -€396,989 | -€23,273 | -€12,531 | €41,413 | ▲ 430% |
| Profit (loss) for the period9904 | -€108,796 | -€396,989 | -€23,273 | -€12,531 | €41,413 | ▲ 430% |
| Profit (loss) for the period to be appropriated9905 | -€108,796 | -€396,989 | -€23,273 | -€12,531 | €41,413 | ▲ 430% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €1.6m | €1.6m | €1.6m | €1.6m | ▲ 0.4% |
| Fixed assets21/28 | €1.1m | €684,634 | €684,634 | €685,734 | €685,197 | ▼ 0.1% |
| Intangible fixed assets21 | €409,861 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | - | - | - | €1,099 | €562 | ▼ 48.9% |
| Furniture and vehicles24 | - | - | - | €1,099 | €562 | ▼ 48.9% |
| Financial fixed assets28 | €729,634 | €684,634 | €684,634 | €684,634 | €684,634 | = |
| Current assets29/58 | €1.4m | €940,747 | €903,717 | €871,420 | €878,212 | ▲ 0.8% |
| Amounts receivable after more than one year29 | - | €233,200 | €233,200 | €233,200 | €233,200 | = |
| Other amounts receivable291 | - | €233,200 | €233,200 | €233,200 | €233,200 | = |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €23,679 | €55,835 | €28,933 | €1,852 | €51,131 | ▲ 2,660% |
| Trade receivables40 | - | €35,000 | €0 | - | - | - |
| Other amounts receivable41 | - | €20,835 | €28,933 | €1,852 | €51,131 | ▲ 2,660% |
| Current investments50/53 | - | - | - | - | €300,000 | - |
| Cash at bank and in hand54/58 | €1.1m | €651,711 | €641,584 | €636,367 | €293,114 | ▼ 53.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €767 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €1.6m | €1.6m | €1.6m | €1.6m | ▲ 0.4% |
| Equity10/15 | €75,008 | -€321,981 | €928,146 | €915,615 | €957,028 | ▲ 4.5% |
| Contributions10/11 | - | €126,600 | €1.4m | €1.4m | €1.4m | = |
| Reserves13 | €108,220 | €108,220 | €108,220 | €106,360 | €106,360 | = |
| Non-distributable reserves130/1 | - | €7,710 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €7,710 | €0 | - | - | - |
| Distributable reserves133 | - | €100,510 | €108,220 | €106,360 | €106,360 | = |
| Profit (loss) carried forward14 | -€159,811 | -€556,801 | -€580,074 | -€590,745 | -€549,332 | ▲ 7.0% |
| Amounts payable17/49 | €2.5m | €1.9m | €660,206 | €641,539 | €606,381 | ▼ 5.5% |
| Amounts payable after more than one year17 | €350,000 | €350,000 | €0 | - | €500,000 | - |
| Financial debts170/4 | - | €350,000 | €0 | - | €500,000 | - |
| Amounts payable within one year42/48 | €2.1m | €1.6m | €660,206 | €641,539 | €106,381 | ▼ 83.4% |
| Trade debts44 | €979 | €980 | €868 | €968 | €998 | ▲ 3.2% |
| Suppliers440/4 | - | €980 | €868 | €968 | €998 | ▲ 3.2% |
| Other amounts payable47/48 | - | €1.6m | €659,338 | €640,572 | €105,382 | ▼ 83.5% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€108,796 | -€396,989 | -€23,273 | -€12,531 | €41,413 | ▲ 430% |
| + Depreciation and write-downs630 | €136,620 | €409,861 | €0 | €512 | €537 | ▲ 4.9% |
| Operating cash flow (approximation) | €27,825 | €12,872 | -€23,273 | -€12,019 | €41,951 | ▲ 449% |
| Investment in fixed assets (approximation) | - | €45,000 | €0 | -€1,612 | €0 | ▲ 100% |
| Change in cash | - | -€456,558 | -€10,127 | -€5,216 | -€343,254 | ▼ 6,480% |
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
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €41,413
Net result €41,413 after 7 loss-making years.
30-09
Financial
Liquidity times 6current ratio 8.26
Current ratio from 1.36 to 8.26; short-term debt falls from €641,539 to €106,381.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity doublescurrent ratio 1.37
Current ratio from 0.59 to 1.37; short-term debt falls from €1.6m to €660,206.
30-09
Financial
Equity above €500,000Eq €928,146
Equity rises from -€321,981 to €928,146.
17-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet -€396,989
Net result drops to -€396,989, the lowest in the series; recovery starts the following year.
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
04-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-01
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.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Jabbeke · 1 establishment unit since 2010
Ground area
2,086 m²
Building footprint
411 m²
Volume, LiDAR
2,488 m³
Parcel 31442C0681/00H000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SD & CONSTRUCTIONS
since 20102.192.440.223
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31442C0681/00H000 | Flanders | 2,086 m² | 1 · 411 m² | 10.9 m · 2 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 9,699 companies in sector 68121 we hold annual accounts for 7,385. 3,989 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
Founded23-09-2010
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0829533013
Also
9925:BE0829533013
Registered
04-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.