SD Consulting
ActiveSummary
SD Consulting has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€2,737) and a net result of -€2,909. Equity is shrinking by ~26.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency1▼-26
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 0.67 in 2023; short-term debt: 123.5% and cash: 62.6% of total assets), and equity is negative.
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Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-23.5%
Return on assets
-25%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 15-06-2026, 46 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
46 d early
2024
29 d early
2023
41 d early
2022
40 d early
2021
6 d early
2020
30 d early
2019
36 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 33 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 21 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
-€2,737
2023 · €172
Total assets
€11,623▲ 5.6%
2023 · €11,008
Net result
-€2,909▲ 71.3%
2023 · -€10,131
Working capital
-€7,079▼ 99.0%
2023 · -€3,557
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€1,385▲ 163%€3,096▲ 124%€687▼ 77.8%-€10,009-€2,724▲ 72.8%
Net result€1,031within the sector's middle half▲ 255%€2,382within the sector's middle half▲ 131%€399below the sector's middle half▼ 83.2%-€10,131below the sector's middle half-€2,909below the sector's middle half▲ 71.3%
Equity€7,522below the sector's middle half▲ 15.9%€9,903below the sector's middle half▲ 31.7%€10,303below the sector's middle half▲ 4.0%€172below the sector's middle half▼ 98.3%-€2,737below the sector's middle half
Total assets€17,531below the sector's middle half▲ 64.0%€21,973below the sector's middle half▲ 25.3%€19,493below the sector's middle half▼ 11.3%€11,008below the sector's middle half▼ 43.5%€11,623below the sector's middle half▲ 5.6%
Debt€10,010▲ 138%€12,069▲ 20.6%€9,190▼ 23.9%€10,836▲ 17.9%€14,360▲ 32.5%
Working capital€7,522within the sector's middle half▲ 15.9%€9,903within the sector's middle half▲ 31.7%€7,764within the sector's middle half▼ 21.6%-€3,557below the sector's middle half-€7,079below the sector's middle half▼ 99.0%
Solvency42.9%within the sector's middle half▼ 17.8pp45.1%within the sector's middle half▲ 2.2pp52.9%within the sector's middle half▲ 7.8pp1.6%below the sector's middle half▼ 51.3pp-23.5%below the sector's middle half▼ 25.1pp
Current ratio1.75within the sector's middle half▼ 0.791.82within the sector's middle half▲ 0.071.84within the sector's middle half▲ 0.020.67below the sector's middle half▼ 1.170.51below the sector's middle half▼ 0.16
Return on assets (ROA)5.9%within the sector's middle half▲ 3.2pp10.8%within the sector's middle half▲ 5.0pp2.0%within the sector's middle half▼ 8.8pp-92.0%below the sector's middle half▼ 94.1pp-25.0%below the sector's middle half▲ 67.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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 €2,724 in 2024 against €10,009 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11,623
Fixed assets
€4,342 ▲ 16.4%
Current assets
€7,281 =
Equity and liabilities
Equity-€2,737
Debt€14,360
Equity is negative: debt (€14,360) exceeds the balance-sheet total (€11,623).
Key figures and ratios
EBITDA
-€1,541▲
2023 · -€9,483
Cash flow
-€1,726▲
2023 · -€9,606
Interest coverage
-8.35▲
2023 · -77.34
Debt ≤ 1 year
€14,360▲
2023 · €10,836
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,010 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €17 | €525 | €1,183 | ▲ 125% |
| Other operating charges640/8 | - | €119 | €590 | €866 | €663 | ▼ 23.5% |
| Gross operating margin9900 | €1,439 | €3,215 | €1,293 | -€8,617 | -€878 | ▲ 89.8% |
| Operating profit (loss)9901 | €1,385 | €3,096 | €687 | -€10,009 | -€2,724 | ▲ 72.8% |
| Financial charges65/66B | - | €120 | €190 | €123 | €185 | ▲ 50.5% |
| Recurring financial charges65 | €97 | €120 | €190 | €123 | €185 | ▲ 50.5% |
| Profit (loss) for the period before taxes9903 | €1,288 | €2,976 | €497 | -€10,131 | -€2,909 | ▲ 71.3% |
| Income taxes67/77 | €256 | €594 | €98 | €0 | - | - |
| Profit (loss) for the period9904 | €1,031 | €2,382 | €399 | -€10,131 | -€2,909 | ▲ 71.3% |
| Profit (loss) for the period to be appropriated9905 | €1,031 | €2,382 | €399 | -€10,131 | -€2,909 | ▲ 71.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,531 | €21,973 | €19,493 | €11,008 | €11,623 | ▲ 5.6% |
| Fixed assets21/28 | - | - | €2,539 | €3,729 | €4,342 | ▲ 16.4% |
| Tangible fixed assets22/27 | - | - | €2,539 | €3,729 | €4,342 | ▲ 16.4% |
| Furniture and vehicles24 | - | - | €2,539 | €3,729 | €4,342 | ▲ 16.4% |
| Current assets29/58 | €17,531 | €21,973 | €16,954 | €7,279 | €7,281 | = |
| Amounts receivable within one year40/41 | €0 | - | €1,402 | €1,581 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €1,402 | €1,581 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €17,531 | €21,973 | €15,552 | €5,698 | €7,281 | ▲ 27.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,531 | €21,973 | €19,493 | €11,008 | €11,623 | ▲ 5.6% |
| Equity10/15 | €7,522 | €9,903 | €10,303 | €172 | -€2,737 | ▼ 1,695% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,322 | €3,703 | €4,103 | €0 | - | - |
| Distributable reserves133 | - | €3,703 | €4,103 | €0 | - | - |
| Profit (loss) carried forward14 | - | - | - | -€6,028 | -€8,937 | ▼ 48.2% |
| Amounts payable17/49 | €10,010 | €12,069 | €9,190 | €10,836 | €14,360 | ▲ 32.5% |
| Amounts payable within one year42/48 | €10,010 | €12,069 | €9,190 | €10,836 | €14,360 | ▲ 32.5% |
| Trade debts44 | €613 | €251 | €470 | €2,204 | €848 | ▼ 61.5% |
| Suppliers440/4 | - | €251 | €470 | €2,204 | €848 | ▼ 61.5% |
| Taxes, remuneration and social security45 | - | €5,958 | €4,517 | €4,430 | €6,199 | ▲ 39.9% |
| Taxes450/3 | - | €3,940 | €2,500 | €2,412 | €6,199 | ▲ 157% |
| Remuneration and social security454/9 | - | €2,018 | €2,018 | €2,018 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €5,861 | €4,203 | €4,203 | €7,313 | ▲ 74.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,031 | €2,382 | €399 | -€10,131 | -€2,909 | ▲ 71.3% |
| + Depreciation and write-downs630 | - | - | €17 | €525 | €1,183 | ▲ 125% |
| Operating cash flow (approximation) | €1,031 | €2,382 | €416 | -€9,606 | -€1,726 | ▲ 82.0% |
| Investment in fixed assets (approximation) | - | - | - | -€1,715 | -€1,796 | ▼ 4.7% |
| Change in cash | - | €4,442 | -€6,421 | -€9,854 | €1,584 | ▲ 116% |
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
27-07
State Gazette act
PurposePurpose change · Power of attorney5 facts ▸
State Gazette act
Purpose
Purpose change · Power of attorney5 facts ▸
- General meeting, 19-06-2026
- Other statement, waiver of notary reading of board report, ontslaan van de voorlezing
- Purpose change
- Power of attorney, Frank Muller
- Power of attorney
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€10,131
Net result drops to -€10,131, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €2,382 ▲131%
Operating result €3,096, net result €2,382, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 1 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Temse · 1 establishment unit since 2018
Ground area
4,316 m²
Building footprint
536 m²
Volume, LiDAR
3,753 m³
Parcel 46008A0331/00C000, Flanders · tallest building 12.4 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
SD Consulting
since 20182.279.486.538
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46008A0331/00C000 | Flanders | 4,316 m² | 1 · 536 m² | 12.4 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.
Articles of association
Purpose
Alle bijdragen aan de vestiging of ontwikkeling van ondernemingen en in het bijzonder het verlenen van juridisch, financieel, technisch, commercieel, administratief en…
Full purpose (3 activities)
- Alle bijdragen aan de vestiging of ontwikkeling van ondernemingen en in het bijzonder het verlenen van juridisch, financieel, technisch, commercieel, administratief en personeelsgebonden advies in de breedste zin van het woord (uitgezonderd advies over belegging van geld en dergelijke), raadgeving, bijstand en het uitvoeren van diensten rechtstreeks of onrechtstreeks op het gebied van administratie en financiën, van verkoop, van productie, van technieken van commerciële organisatie en distributie, en meer algemeen het beleid en de uitoefening van alle activiteiten in verband met dienstverlening en management in de breedste zin van het woord aan alle willekeurige fysieke- of rechtspersonen
- Het uitoefenen van alle mogelijke mandaten onder de vorm van studies van organisatie, van expertises, van technische of andere handelingen en adviezen, in alle domeinen begrepen in haar voorwerp
- Management consulting aan bedrijven, organisaties en andere instellingen en het op punt stellen van de organisatie, strategie en management van het menselijk potentieel, zoals onder meer coaching, Human Resources Management Systemen, recrutering, selectie en training
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,601 companies in this sector we hold annual accounts for 52,629. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded23-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700332080
Also
9925:BE0700332080
Registered
21-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.