SD CONSULT
ActiveSD CONSULT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4k and a net result of €-7k. Equity is shrinking by ~11% per year across the filed fiscal years. Its solvency ranks better than 33% of 16922 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency67▼-30
Growth32=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.36 against 2.0 in 2024), and 61.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.2%
Return on assets
-68.6%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€7k
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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
6 d late
2024
on the day
2023
21 d early
2022
20 d early
2021
18 d early
2020
16 d late
2019
3 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4k▼ 64.2%
2024 · €10k
2018: €43k
2019: €25k
2020: €40k
2021: €36k
2022: €37k
2023: €29k
2024: €10k
2018 → 2025
Total assets
€10k▼ 47.5%
2024 · €19k
2018: €71k
2019: €45k
2020: €47k
2021: €51k
2022: €52k
2023: €41k
2024: €19k
2018 → 2025
Net result
€-7k▲ 64.1%
2024 · €-19k
2018: €13k
2019: €-18k
2020: €17k
2021: €2k
2022: €237
2023: €-4k
2024: €-19k
2018 → 2025
Working capital
€2k▼ 72.3%
2024 · €8k
2018: €43k
2019: €25k
2020: €39k
2021: €36k
2022: €36k
2023: €25k
2024: €8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€37k▲ 0.7%€29k▼ 20.5%€10k▼ 64.1%€4k▼ 64.2%
Operating result€4k-€828▼ 77.4%€-4k€-18k▼ 368%€-6k▲ 66.3%
Net result€2k-€237▼ 90.4%€-4k€-19k▼ 366%€-7k▲ 64.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €18k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10k
Fixed assets
€2k▼ 47.9%
Current assets
€8k▼ 47.5%
Equity and liabilities €10k
Equity
€4k▼ 64.2%
Debt
€6k▼ 26.3%
The debt ratio rises from 44.0% to 61.8%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-5k▲
2024 · €-17k
Cash flow
€-5k▲
2024 · €-17k
Solvency
38.2%▼
2024 · 56.0%
Current ratio
1.36▼
2024 · 2.00
Quick ratio
1.36▼
2024 · 2.00
Debt / equity
1.62▲
2024 · 0.79
ROE
-179.6%▼
2024 · -178.9%
ROA
-68.6%▲
2024 · -100.2%
Interest coverage
-9.80▲
2024 · -77.49
Debt
€6k▼
2024 · €8k
Debt ≤ 1 year
€6k▼
2024 · €8k
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€19k€10k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€1k€198▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€16k€8k▼
Amounts receivable within one year40/41€12k€7k▼
Trade receivables40€9k€7k▼
Other amounts receivable41€3k-
Cash at bank and in hand54/58€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€19k€10k▼
Equity10/15€10k€4k▼
Contributions10/11€7k€7k=
Reserves13€22k€22k=
Distributable reserves133€22k€22k=
Profit (loss) carried forward14€-18k€-25k▼
Amounts payable17/49€8k€6k▼
Amounts payable within one year42/48€8k€6k▼
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€640€2k▲
Taxes450/3€640€2k▲
Other amounts payable47/48€4k€888▼
Accrued charges and deferred income492/3€387-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€200€422▲
Gross operating margin9900€-17k€-4k▲
Operating profit (loss)9901€-18k€-6k▲
Financial income75/76B€0€8▲
Recurring financial income75€0€8▲
Financial charges65/66B€219€487▲
Recurring financial charges65€219€487▲
Profit (loss) for the period before taxes9903€-19k€-7k▲
Profit (loss) for the period9904€-19k€-7k▲
Profit (loss) for the period to be appropriated9905€-19k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-25k▼
Profit (loss) brought forward from the previous period14P€241€-18k▼
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 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 6.36
Current ratio from 2.21 to 6.36; short-term debt falls from €21k to €7k.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
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, Liège · 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.
Avenue Maurice-Destenay 184000 LiègeGround area
1,024 m²
Building footprint
509 m²
Volume, LiDAR
18,311 m³
Parcel 62803A1362/00Z000, Wallonia · tallest building 38.7 m, ±12 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Maurice-Destenay 18, 4000 Liège
since 20032.126.838.925
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803A1362/00Z000 | Wallonia | 1,024 m² | 1 · 509 m² | 38.6 m · 12 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 29,885 companies in sector 62200 we hold annual accounts for 18,321. 4,943 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-11-2002
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.