SD HOLDING
ActiveSD HOLDING has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.71M and a net result of €802k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 70% of 8592 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +43 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+62
Solvency100▲+45
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 2.85 against 0.01 in 2024), and 26.1% 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
73.9%
Return on assets
34.7%
Age of the figures
9 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
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.7M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
30 d late
2024
29 d late
2023
23 d early
2022
25 d late
2021
25 d late
2020
25 d late
2019
39 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.71M▲ 88.4%
2024 · €907k
2018: €-24k
2019: €-23k
2020: €44k
2021: €54k
2022: €62k
2023: €31k
2024: €907k
2018 → 2025
Total assets
€2.31M▲ 11.1%
2024 · €2.08M
2018: €548k
2019: €593k
2020: €617k
2021: €808k
2022: €773k
2023: €1.34M
2024: €2.08M
2018 → 2025
Net result
€802k▲ 1,063%
2024 · €69k
2018: €-30k
2019: €1k
2020: €54k
2021: €10k
2022: €8k
2023: €-31k
2024: €69k
2018 → 2025
Working capital
€176k
2024 · €-619k
2018: €-64k
2019: €-59k
2020: €-1k
2021: €15k
2022: €-26k
2023: €-595k
2024: €-619k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€54k-€62k▲ 14.9%€31k▼ 49.8%€907k▲ 2,828%€1.71M▲ 88.4%
Operating result€32k-€30k▼ 4.9%€-9k€97k€71k▼ 26.7%
Net result€10k-€8k▼ 18.5%€-31k€69k€802k▲ 1,063%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.31M
Fixed assets
€2.04M▼ 1.5%
Current assets
€271k▲ 2,834%
Equity and liabilities €2.31M
Equity
€1.71M▲ 88.4%
Debt
€602k▼ 48.7%
The debt ratio falls from 56.4% to 26.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€102k▼
2024 · €127k
Cash flow
€833k▲
2024 · €99k
Solvency
73.9%▲
2024 · 43.6%
Current ratio
2.85▲
2024 · 0.01
Quick ratio
2.85▲
2024 · 0.01
Debt / equity
0.35▼
2024 · 1.29
ROE
46.9%▲
2024 · 7.6%
ROA
34.7%▲
2024 · 3.3%
Interest coverage
3.70▼
2024 · 4.91
Debt
€602k▼
2024 · €1.17M
Debt ≤ 1 year
€95k▼
2024 · €629k
Debt > 1 year
€507k▼
2024 · €545k
Income taxes
€42k▲
2024 · €22k
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€2.08M€2.31M▲
Fixed assets21/28€2.07M€2.04M▼
Tangible fixed assets22/27€789k€758k▼
Land and buildings22€789k€758k▼
Financial fixed assets28€1.28M€1.28M=
Current assets29/58€9k€271k▲
Amounts receivable within one year40/41€4k€98k▲
Other amounts receivable41€4k€98k▲
Cash at bank and in hand54/58€2k€166k▲
Deferred charges and accrued income490/1€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€2.08M€2.31M▲
Equity10/15€907k€1.71M▲
Contributions10/11€826k€826k=
Reserves13€81k€883k▲
Distributable reserves133€81k€883k▲
Amounts payable17/49€1.17M€602k▼
Amounts payable after more than one year17€545k€507k▼
Financial debts170/4€545k€507k▼
Amounts payable within one year42/48€629k€95k▼
Current portion of amounts payable after more than one year42€51k€42k▼
Trade debts44€89k€0▼
Suppliers440/4€89k€0▼
Taxes, remuneration and social security45€16k€49k▲
Taxes450/3€16k€48k▲
Remuneration and social security454/9€160€160=
Other amounts payable47/48€473k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€31k▲
Other operating charges640/8€6k€6k▼
Gross operating margin9900€133k€108k▼
Operating profit (loss)9901€97k€71k▼
Financial income75/76B€19k€800k▲
Recurring financial income75€19k€800k▲
Financial charges65/66B€26k€28k▲
Recurring financial charges65€26k€28k▲
Profit (loss) for the period before taxes9903€91k€844k▲
Income taxes67/77€22k€42k▲
Profit (loss) for the period9904€69k€802k▲
Profit (loss) for the period to be appropriated9905€69k€802k▲
Appropriation of the result
Profit (loss) to be appropriated9906€69k€802k▲
Transfer from equity791/2€0-
Transfer to equity691/2€69k€802k▲
To other reserves6921€69k€802k▲
The notes to these accounts (11 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
31-12
Financial
Highest result since 2018net €802k ▲1063%
Net result €802k, the highest in the series.
31-12
Financial
Liquidity times 194current ratio 2.85
Current ratio from 0.01 to 2.85; short-term debt falls from €629k to €95k.
31-12
Financial
Equity above €1MEq €1.71M ▲88.4%
2 profitable years in a row build equity to €1.71M.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Back to profitnet €69k
Net result €69k after one loss-making year.
31-12
Financial
Equity above €500kEq €907k ▲2828%
Equity rises from €31k to €907k.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-31k ▼485%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2018
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.
Mutsaardlaan 761020 BrusselGround area
1.1 ha
Building footprint
973 m²
Volume, LiDAR
40,770 m³
Parcel 21818A0225/00B002, Brussels · tallest building 46.0 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
SD HOLDING
since 20182.275.762.926
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818A0225/00B002 | Brussels | 1.1 ha | 1 · 973 m² | 46.0 m · 14 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.
Similar companies · same sector, comparable size
Country Investment
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WINKELCENTRUM ZUIDERRING
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EYE MOTIONS CONSULTING
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BUILDING INTELLIGENT LIFESCIENCE SOLUTIONS
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Of 82,241 companies in sector 70200 we hold annual accounts for 52,391. 21,882 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-03-2018
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.