SD Constructs
The computed 12-month bankruptcy probability of SD Constructs is 2.1% (moderate). The 2025 annual accounts show equity of €144k and a net result of €-1k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 25% of 7039 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €144k |
| Net result | €-1k |
| Better than sector | 25% |
| Active | 5 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 19.2% | 43.8% | |
| Net result | €-1k | €8k | |
| Equity | €144k | €49k | |
| Gross operating margin | €77k | €32k | |
| Total assets | €749k | €130k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €76k | €31k | €33k | - |
| Net profit | €-1k | €19k | €24k | €101k |
| Cash flow | €66k | €21k | €24k | - |
| Staff costs | - | - | - | - |
| Income taxes | €3k | €10k | €9k | €28k |
| Dividends | - | - | - | - |
| Total assets | €749k | €182k | €153k | €137k |
| Equity | €144k | €145k | €127k | €103k |
| Debt | €605k | €37k | €27k | €34k |
| of which ≤ 1y | €149k | €37k | €27k | €34k |
| of which > 1y | €456k | - | - | - |
| Working capital | €-24k | €138k | €126k | €103k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.84 | 4.71 | 5.75 | 4.01 |
| Quick ratio | 0.84 | 4.71 | 5.75 | 4.01 |
| Working capital ratio | -3.2% | 75.4% | 82.2% | 75.1% |
| Solvency | 19.2% | 79.7% | 82.7% | 75.1% |
| Debt / equity | 4.20 | 0.25 | 0.21 | 0.33 |
| Long-term debt ratio | 3.16 | - | - | - |
| Interest coverage | 11.04 | 140.96 | 174.07 | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -0.2% | 10.3% | 15.4% | 73.6% |
| ROE | -0.9% | 12.9% | 18.6% | 98.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (22 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €749k | €182k | €153k | €137k |
| Fixed assets | 21/28 | €624k | €8k | €691 | - |
| Tangible fixed assets | 22/27 | €624k | €8k | €691 | - |
| Current assets | 29/58 | €125k | €175k | €153k | €137k |
| Amounts receivable within one year | 40/41 | €39k | €41k | €59k | €29k |
| Cash & bank | 54/58 | €86k | €134k | €94k | €108k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €749k | €182k | €153k | €137k |
| Equity | 10/15 | €144k | €145k | €127k | €103k |
| Contributions / capital | 10/11 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €142k | €143k | €125k | €101k |
| Amounts payable | 17/49 | €605k | €37k | €27k | €34k |
| Amounts payable after one year | 17 | €456k | - | - | - |
| Amounts payable within one year | 42/48 | €149k | €37k | €27k | €34k |
| Trade debts payable within one year | 44 | €20k | €24k | €18k | €6k |
| Income statement | |||||
| Gross operating margin | 9900 | €77k | €34k | €36k | €148k |
| Operating result | 9901 | €9k | €29k | €32k | €129k |
| Financial income | 75 | €213 | €81 | €49 | €71 |
| Financial charges | 65 | €7k | €222 | €187 | €149 |
| Result before taxes | 9903 | €2k | €29k | €32k | €129k |
| Income taxes | 67/77 | €3k | €10k | €9k | €28k |
| Net result for the period | 9904 | €-1k | €19k | €24k | €101k |
| Result to be appropriated | 9905 | €-1k | €19k | €24k | €101k |
| NACE primary | General construction of residential buildings(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 07-10-2020 |
| Status | Active |
| Postal code | 8570 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34038B0075/00L002 | Flanders | 1,305 m² | 1 · 122 m² | 12.2 m · 3 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
30-07-2025 Registered office moved within Anzegem
- Heuntjesstraat 67, 8570 Anzegem → Bosstraat 11 te 8570 Anzegem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Bosstraat 11 te 8570 Anzegem",
"city": "Anzegem",
"region": "vlaams_gewest",
"street": "Bosstraat",
"country": "BE",
"postcode": "8570",
"box_number": null,
"street_number": "11",
"locality_suffix": null
},
"old_address": {
"raw": "Heuntjesstraat 67, 8570 Anzegem",
"city": "Anzegem",
"region": "vlaams_gewest",
"street": "Heuntjesstraat",
"country": "BE",
"postcode": "8570",
"box_number": null,
"street_number": "67",
"locality_suffix": null
},
"effective_date": "2025-06-06",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Gent",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-07-30",
"filing_date": "2025-07-22",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2025-06-05",
"unanimous": null
},
"subject_company": {
"kbo": "0755.839.143",
"name_full": "SD Constructs",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Iris Carsau",
"org_rep_person_name": null,
"person_role_at_subject": "lasthebber"
},
"co_filed_documents": []
}| Legal nameNL | SD Constructs |