SD Development
Annual accounts 2025
micro format, filed on 08-05-2026, 84 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €100,000 and €150,000.
Balance sheet
balance sheet total €142,440 on 31-12-2025in euro
in euro
Position in the sector
84.8%
Higher than 81% of 21,217 companies in 2025.
6.28
Higher than 81% of 20,581 companies in 2025.
30.2%
Higher than 67% of 20,756 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
142,440 | 94,668 | 59,053 | |
21/28 |
6,242 | 1,089 | 1,552 | |
22/27 |
6,242 | 1,089 | 1,552 | |
23 |
3,958 | 1,089 | 1,552 | |
26 |
2,284 | - | - | |
29/58 |
136,198 | 93,578 | 57,501 | |
40/41 |
12,447 | 1,425 | 15,984 | |
40 |
12,417 | 0 | 15,006 | |
41 |
30 | 1,425 | 978 | |
50/53 |
53,801 | 11,842 | - | |
54/58 |
64,176 | 79,635 | 41,214 | |
490/1 |
5,774 | 676 | 303 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
142,440 | 94,668 | 59,053 | |
10/15 |
120,769 | 77,802 | 44,471 | |
10/11 |
1,000 | 1,000 | 1,000 | |
13 |
119,769 | 76,802 | 43,471 | |
133 |
119,769 | 76,802 | 43,471 | |
17/49 |
21,671 | 16,866 | 14,582 | |
42/48 |
21,671 | 16,866 | 14,582 | |
44 |
2,471 | 809 | 1,791 | |
440/4 |
2,471 | 809 | 1,791 | |
45 |
17,034 | 14,232 | 9,219 | |
450/3 |
17,034 | 11,789 | 9,219 | |
454/9 |
0 | 2,443 | - | |
47/48 |
2,166 | 1,825 | 3,572 | |
| Income statement | ||||
9900 |
58,964 | 48,372 | 55,565 | |
630 |
1,268 | 462 | 298 | |
640/8 |
517 | 876 | 658 | |
9901 |
57,179 | 47,034 | 54,609 | |
75/76B |
836 | 42 | - | |
75 |
836 | 42 | - | |
65/66B |
2,168 | 787 | 115 | |
65 |
2,100 | 787 | 115 | |
66B |
67 | - | - | |
9903 |
55,847 | 46,289 | 54,493 | |
67/77 |
12,880 | 12,958 | 11,022 | |
9904 |
42,967 | 33,331 | 43,471 | |
9905 |
42,967 | 33,331 | 43,471 | |
| Appropriation of the result | ||||
9906 |
42,967 | 33,331 | 43,471 | |
691/2 |
42,967 | 33,331 | 43,471 | |
6921 |
42,967 | 33,331 | 43,471 | |
| Document | ||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 08-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 58,446 | 47,496 | 54,907 | ||
| 44,234 | 33,794 | 43,769 | ||
| 6,420 | 0 | 1,850 | ||
| -15,459 | 38,422 | - | ||
| 114,527 | 76,713 | 42,919 | ||
| 84.8% | 82.2% | 75.3% | ||
| 6.28 | 5.55 | 3.94 | ||
| 0.18 | 0.22 | 0.33 | ||
| 35.6% | 42.8% | 97.8% | ||
| 30.2% | 35.2% | 73.6% | ||
| 27.83 | 60.36 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €6,420 | - | €1,850 |
| Financial fixed assets | €0 | - | - |
| €1,268 | €462 | €298 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on SD Development
The operating result for 2025 is 22% higher than in 2024 and the highest since 2023. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 17.8% to 15.2%. Equity and debt are higher.