SD PROJECTS
ActiveSD PROJECTS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 27358 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
89
/ 100
Excellent▲ +77 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency66▲+26
Growth78▲+46
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.46 against 0.8 in 2024), and 64.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
35.7%
Return on assets
54.6%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 10 filingsDeviation from the deadline
2025
21 d late
2024
2 d early
2023
14 d late
2022
81 d late
2021
78 d late
2020
31 d late
2019
98 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6k
2024 · €-3k
2018: €4k
2019: €9k
2020: €19k
2021: €11k
2022: €2k
2023: €3k
2024: €-3k
2018 → 2025
Total assets
€16k▼ 33.0%
2024 · €24k
2018: €30k
2019: €43k
2020: €69k
2021: €54k
2022: €52k
2023: €26k
2024: €24k
2018 → 2025
Net result
€9k
2024 · €-6k
2018: €-1k
2019: €5k
2020: €10k
2021: €-9k
2022: €-9k
2023: €1k
2024: €-6k
2018 → 2025
Working capital
€5k
2024 · €-5k
2018: €-2k
2019: €5k
2020: €12k
2021: €6k
2022: €-6k
2023: €-2k
2024: €-5k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€2k▼ 85.3%€3k▲ 75.7%€-3k€6k
Operating result€-7k-€-8k▼ 4.8%€-3k▲ 64.1%€-5k▼ 74.6%€9k
Net result€-9k-€-9k▼ 7.3%€1k€-6k€9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €9k after a loss of €5k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16k
Fixed assets
€1k▼ 56.8%
Current assets
€15k▼ 30.4%
Equity and liabilities €16k
Equity
€6k
Debt
€10k
Debt finances 64.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€10k▲
2024 · €-2k
Cash flow
€10k▲
2024 · €-3k
Solvency
35.7%▲
2024 · -12.7%
Current ratio
1.46▲
2024 · 0.80
Quick ratio
1.46▲
2024 · 0.80
Debt / equity
1.80▲
2024 · -8.89
ROE
153.0%▼
2024 · 193.9%
ROA
54.6%▲
2024 · -24.6%
Interest coverage
591.72▲
2024 · -2.34
Debt
€10k▼
2024 · €27k
Debt ≤ 1 year
€10k▼
2024 · €27k
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€24k€16k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€637-
Furniture and vehicles24€2k€1k▼
Current assets29/58€21k€15k▼
Amounts receivable within one year40/41€21k€14k▼
Trade receivables40€21k€9k▼
Other amounts receivable41€248€5k▲
Cash at bank and in hand54/58-€962
Equity and liabilities
Total equity and liabilities10/49€24k€16k▼
Equity10/15€-3k€6k▲
Contributions10/11€6k€6k=
Reserves13€855€855=
Non-distributable reserves130/1€855€855=
Reserves not available under the articles1311€855€855=
Profit (loss) carried forward14€-10k€-1k▲
Amounts payable17/49€27k€10k▼
Amounts payable within one year42/48€27k€10k▼
Trade debts44€7k€7k▲
Suppliers440/4€7k€7k▲
Taxes, remuneration and social security45€3k-
Taxes450/3€3k-
Other amounts payable47/48€17k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€1k▼
Gross operating margin9900€-2k€10k▲
Operating profit (loss)9901€-5k€9k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€938€17▼
Recurring financial charges65€938€17▼
Profit (loss) for the period before taxes9903€-6k€9k▲
Profit (loss) for the period9904€-6k€9k▲
Profit (loss) for the period to be appropriated9905€-6k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-1k▲
Profit (loss) brought forward from the previous period14P€-4k€-10k▼
The notes to these accounts (4 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 81 days late
2022
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €10k ▲89.5%
Operating result €12k, net result €10k, both a record.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 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, Roosdaal · 1 establishment unit since 2015
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.
Poelkstraat 391760 RoosdaalGround area
1,143 m²
Building footprint
152 m²
Volume, LiDAR
765 m³
Parcel 23097E0555/00F000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SD Projects
since 20152.244.850.016
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23097E0555/00F000 | Flanders | 1,143 m² | 1 · 152 m² | 7.1 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.
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 3,972 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-08-2015
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.