SD MANAGEMENT
ActiveSummary
SD MANAGEMENT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129,536 and a net result of €37,084. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▼-1
Solvency86▼-14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.83 against 3.01 in 2024; short-term debt: 29% and cash: 19.3% of total assets), and 39% of the assets are financed with debt.
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Signals
Five 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 · 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 · 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
61%
Return on assets
17.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
29 d early
2024
27 d early
2023
34 d early
2022
30 d early
2021
31 d early
2020
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 29 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€129,536▼ 15.0%
2024 · €152,452
Total assets
€212,344▲ 7.7%
2024 · €197,095
Net result
€37,084▲ 1.5%
2024 · €36,545
Working capital
-€10,194
2024 · €39,038
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€71,111▲ 157%€16,545▼ 76.7%€29,704▲ 79.5%€48,790▲ 64.3%€53,540▲ 9.7%
Net result€56,619▲ 159%€12,066▼ 78.7%€21,737▲ 80.1%€36,545▲ 68.1%€37,084▲ 1.5%
Equity€84,457▲ 203%€96,523▲ 14.3%€118,260▲ 22.5%€152,452▲ 28.9%€129,536▼ 15.0%
Total assets€107,907▲ 103%€104,476▼ 3.2%€130,499▲ 24.9%€197,095▲ 51.0%€212,344▲ 7.7%
Debt€23,450▼ 7.5%€7,953▼ 66.1%€12,239▲ 53.9%€44,643▲ 265%€82,808▲ 85.5%
Working capital€84,457▲ 203%€36,523▼ 56.8%€43,260▲ 18.4%€39,038▼ 9.8%-€10,194
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €212,344
Fixed assets
€161,038 ▲ 16.2%
Current assets
€51,307 ▼ 12.3%
Equity and liabilities €212,344
Equity
€129,536 ▼ 15.0%
Debt
€82,808 ▲ 85.5%
Debt's share of the balance-sheet total rises from 22.7% to 39.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€61,097▲
2024 · €52,982
Cash flow
€44,642▲
2024 · €40,736
Current ratio
0.83▼
2024 · 3.01
Debt to equity
0.64▲
2024 · 0.29
ROE
28.6%▲
2024 · 24.0%
ROA
17.5%▼
2024 · 18.5%
Interest coverage
14.59▼
2024 · 52.37
Debt ≤ 1 year
€61,500▲
2024 · €19,463
Debt > 1 year
€18,321▼
2024 · €25,181
Income taxes
€12,698▲
2024 · €12,662
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €4,192 | €7,557 | ▲ 80.3% |
| Other operating charges640/8 | - | - | - | €1,060 | €1,637 | ▲ 54.4% |
| Gross operating margin9900 | €71,111 | €16,545 | €29,704 | €54,042 | €62,734 | ▲ 16.1% |
| Operating profit (loss)9901 | €71,111 | €16,545 | €29,704 | €48,790 | €53,540 | ▲ 9.7% |
| Financial income75/76B | - | - | - | €1,429 | €431 | ▼ 69.8% |
| Recurring financial income75 | - | - | - | €1,429 | €431 | ▼ 69.8% |
| Financial charges65/66B | - | €75 | €90 | €1,012 | €4,188 | ▲ 314% |
| Recurring financial charges65 | €56 | €75 | €90 | €1,012 | €4,188 | ▲ 314% |
| Profit (loss) for the period before taxes9903 | €71,055 | €16,470 | €29,614 | €49,207 | €49,782 | ▲ 1.2% |
| Income taxes67/77 | €14,435 | €4,404 | €7,877 | €12,662 | €12,698 | ▲ 0.3% |
| Profit (loss) for the period9904 | €56,619 | €12,066 | €21,737 | €36,545 | €37,084 | ▲ 1.5% |
| Profit (loss) for the period to be appropriated9905 | €56,619 | €12,066 | €21,737 | €36,545 | €37,084 | ▲ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107,907 | €104,476 | €130,499 | €197,095 | €212,344 | ▲ 7.7% |
| Fixed assets21/28 | - | €60,000 | €75,000 | €138,595 | €161,038 | ▲ 16.2% |
| Tangible fixed assets22/27 | - | - | - | €33,595 | €26,038 | ▼ 22.5% |
| Furniture and vehicles24 | - | - | - | €33,595 | €26,038 | ▼ 22.5% |
| Financial fixed assets28 | - | €60,000 | €75,000 | €105,000 | €135,000 | ▲ 28.6% |
| Current assets29/58 | €107,907 | €44,476 | €55,499 | €58,501 | €51,307 | ▼ 12.3% |
| Amounts receivable within one year40/41 | €27,333 | €13,213 | €12,100 | €12,438 | €9,500 | ▼ 23.6% |
| Trade receivables40 | - | €6,050 | €12,100 | €12,100 | €9,500 | ▼ 21.5% |
| Other amounts receivable41 | - | €7,163 | €0 | €338 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €80,574 | €31,263 | €43,399 | €44,858 | €40,922 | ▼ 8.8% |
| Deferred charges and accrued income490/1 | - | - | - | €1,205 | €885 | ▼ 26.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107,907 | €104,476 | €130,499 | €197,095 | €212,344 | ▲ 7.7% |
| Equity10/15 | €84,457 | €96,523 | €118,260 | €152,452 | €129,536 | ▼ 15.0% |
| Contributions10/11 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | €78,457 | €90,523 | €112,260 | €146,452 | €123,536 | ▼ 15.6% |
| Amounts payable17/49 | €23,450 | €7,953 | €12,239 | €44,643 | €82,808 | ▲ 85.5% |
| Amounts payable after more than one year17 | - | - | - | €25,181 | €18,321 | ▼ 27.2% |
| Financial debts170/4 | - | - | - | €25,181 | €18,321 | ▼ 27.2% |
| Amounts payable within one year42/48 | €23,450 | €7,953 | €12,239 | €19,463 | €61,500 | ▲ 216% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,607 | €6,860 | ▲ 3.8% |
| Trade debts44 | €3,315 | €1,773 | €1,527 | €3,552 | €954 | ▼ 73.1% |
| Suppliers440/4 | - | €1,773 | €1,527 | €3,552 | €954 | ▼ 73.1% |
| Taxes, remuneration and social security45 | - | €6,179 | €10,712 | €8,372 | €3,425 | ▼ 59.1% |
| Taxes450/3 | - | €6,179 | €10,712 | €8,372 | €3,425 | ▼ 59.1% |
| Other amounts payable47/48 | - | - | - | €931 | €50,260 | ▲ 5,298% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,987 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,619 | €12,066 | €21,737 | €36,545 | €37,084 | ▲ 1.5% |
| + Depreciation and write-downs630 | - | - | - | €4,192 | €7,557 | ▲ 80.3% |
| Operating cash flow (approximation) | €56,619 | €12,066 | €21,737 | €40,736 | €44,642 | ▲ 9.6% |
| Investment in fixed assets (approximation) | - | - | -€15,000 | -€67,786 | -€30,000 | ▲ 55.7% |
| Change in cash | - | -€49,311 | €12,136 | €1,459 | -€3,936 | ▼ 370% |
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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €150,000Eq €152,452 ▲28.9%
5 profitable years in a row build equity to €152,452.
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €100,000Eq €118,260 ▲22.5%
4 profitable years in a row build equity to €118,260.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €12,066 ▼78.7%
Net result drops to €12,066, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2020net €56,619 ▲159%
Operating result €71,111, net result €56,619, both a record.
30-09
Financial
Liquidity doublescurrent ratio 4.60
Current ratio from 2.10 to 4.60; short-term debt falls from €25,346 to €23,450.
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Herstal · 1 establishment unit since 2020
Ground area
7,983 m²
Building footprint
3,933 m²
Parcel 62312B0024/00W007, Wallonia. Linked by address, not a title deed.
1 establishment unit
SD MANAGEMENT
since 20202.307.298.418
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312B0024/00W007 | Wallonia | 7,982 m² | 1 · 3,933 m² | - |
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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,863 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-08-2020
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0751783553
Registered
04-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.