SD Project
ActiveSD Project has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151k and a net result of €38k. Equity is growing by ~33.5% per year across the filed fiscal years. Its solvency ranks better than 53% of 31544 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87=
Solvency85▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.21 in 2024; short-term debt: 25.4% and cash: 10.6% of total assets), and 40.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
59.5%
Return on assets
14.9%
Age of the figures
9 mo
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
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
33 d early
2023
29 d early
2022
37 d early
2021
26 d early
2020
30 d early
2019
26 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, micro schema
Equity
€151k▲ 33.4%
2024 · €113k
2018: €-304
2019: €16k
2020: €40k
2021: €47k
2022: €66k
2023: €80k
2024: €113k
2018 → 2025
Total assets
€254k▲ 14.1%
2024 · €223k
2018: €255k
2019: €288k
2020: €289k
2021: €273k
2022: €251k
2023: €235k
2024: €223k
2018 → 2025
Net result
€38k▲ 13.9%
2024 · €33k
2018: €3k
2019: €16k
2020: €25k
2021: €7k
2022: €19k
2023: €14k
2024: €33k
2018 → 2025
Working capital
€-14k▲ 60.7%
2024 · €-36k
2018: €-97k
2019: €-93k
2020: €-91k
2021: €-25k
2022: €-27k
2023: €-39k
2024: €-36k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€47k-€66k▲ 40.0%€80k▲ 21.6%€113k▲ 41.5%€151k▲ 33.4%
Operating result€12k-€29k▲ 135%€22k▼ 25.2%€49k▲ 125%€55k▲ 12.0%
Net result€7k-€19k▲ 179%€14k▼ 24.3%€33k▲ 133%€38k▲ 13.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €254k
Fixed assets
€204k▼ 4.3%
Current assets
€50k▲ 413%
Equity and liabilities €254k
Equity
€151k▲ 33.4%
Debt
€103k▼ 6.0%
The debt ratio falls from 49.1% to 40.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64k▲
2024 · €58k
Cash flow
€47k▲
2024 · €42k
Solvency
59.5%▲
2024 · 50.9%
Current ratio
0.78▲
2024 · 0.21
Quick ratio
0.78▲
2024 · 0.21
Debt / equity
0.68▼
2024 · 0.97
ROE
25.0%▼
2024 · 29.3%
ROA
14.9%▼
2024 · 14.9%
Interest coverage
21.41▲
2024 · 18.89
Debt
€103k▼
2024 · €109k
Debt ≤ 1 year
€65k▲
2024 · €46k
Debt > 1 year
€38k▼
2024 · €63k
Income taxes
€14k▲
2024 · €12k
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€223k€254k▲
Fixed assets21/28€213k€204k▼
Tangible fixed assets22/27€213k€204k▼
Land and buildings22€207k€201k▼
Plant, machinery and equipment23€6k€3k▼
Current assets29/58€10k€50k▲
Amounts receivable within one year40/41€692€24k▲
Trade receivables40€692€24k▲
Cash at bank and in hand54/58€8k€27k▲
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€223k€254k▲
Equity10/15€113k€151k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€95k€133k▲
Amounts payable17/49€109k€103k▼
Amounts payable after more than one year17€63k€38k▼
Financial debts170/4€63k€38k▼
Amounts payable within one year42/48€46k€65k▲
Current portion of amounts payable after more than one year42€30k€25k▼
Trade debts44€47€12k▲
Suppliers440/4€47€12k▲
Taxes, remuneration and social security45€15k€18k▲
Taxes450/3€15k€18k▲
Other amounts payable47/48€1k€10k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k=
Other operating charges640/8€2k€1k▼
Gross operating margin9900€60k€65k▲
Operating profit (loss)9901€49k€55k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€46k€52k▲
Income taxes67/77€12k€14k▲
Profit (loss) for the period9904€33k€38k▲
Profit (loss) for the period to be appropriated9905€33k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€95k€133k▲
Profit (loss) brought forward from the previous period14P€61k€95k▲
The notes to these accounts (5 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €38k ▲13.9%
Operating result €55k, net result €38k, both a record.
31-12
Financial
Equity above €150kEq €151k ▲33.4%
8 profitable years in a row build equity to €151k.
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €113k ▲41.5%
7 profitable years in a row build equity to €113k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Herentals · 1 establishment unit since 2011
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.
Zavelheide(HRT) 92200 HerentalsGround area
2,644 m²
Building footprint
1,194 m²
Volume, LiDAR
8,668 m³
Parcel 13302C0389/00P000, Flanders · tallest building 28.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SD Project
since 20112.203.668.368
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302C0389/00P000 | Flanders | 2,644 m² | 1 · 1,194 m² | 28.9 m · 2 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
JANUS CONSULTING
BE 0477.663.533
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LENNA CONSULTING
BE 1001.658.523
Dendermonde · Eq €151k
NOVEMBER MANAGEMENT
BE 0753.475.907
Sint-Genesius-Rode · Eq €151k
KEJETIA
BE 0785.280.524
Antwerpen · Eq €151k
JÉRÔME MANAGEMENT & CONSULTING
BE 0831.714.820
Waregem · Eq €151k
Of 82,518 companies in sector 70200 we hold annual accounts for 52,573. 40,786 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-06-2011
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.