Liquidity
Short-term debts fell from €26,550 to €10,156.
Short-term debts fell from €26,550 to €10,156.
The 2019 accounts came latest: 98 days after the end of the period.
Less equity than 87% of companies in specialised construction. Sector median €57,762 · 35,072 companies.
The dashed line is the sector median: 0.7% across 47,695 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 38% of them on solvency, 14% on liquidity, 92% on profitability and 97% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as SD PROJECTS has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of SD PROJECTS itself: 0.5% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for SD PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 46 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SD PROJECTS Roosdaal | €15,790 | €9,965 | 35.7% | - |
| LAERICKX Drogenbos | €10,677 | €10,951 | -15.5% | - |
| JOSE ROSA & FILS Braine-l'Alleud | €12,762 | €14,364 | -237.9% | - |
| UMT-tech Houthalen-Helchteren | €15,507 | €7,745 | 15.7% | - |
| IMDA PROJECTS Halle | €24,288 | €8,930 | 13.8% | - |
| TME Systems Opwijk | €23,276 | €11,854 | 14.5% | - |
| IM&JK Beauty and Sports Grimbergen | €23,453 | €6,435 | 77.8% | - |
These companies have the same main activity as SD PROJECTS: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €10,700 and €24,300, founded between 2011 and 2019.
SD PROJECTS files the micro format. That format states no turnover. The gross margin fell from €12,805 in 2016 to €9,965 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €82,000. Estimated: probably between €54,000 and €170,000.
Higher than 38% of 35,060 companies in 2025.
Higher than 39% of 34,437 companies in 2025.
Higher than 95% of 34,637 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
15,790 | 23,564 | 26,381 | 52,320 | 54,188 | 68,598 | 43,227 | 29,666 | 29,207 | 45,338 | |
21/28 |
1,011 | 2,338 | 4,993 | 7,647 | 5,271 | 10,736 | 5,887 | 11,550 | 14,716 | 29,415 | |
22/27 |
1,011 | 2,338 | 4,993 | 7,647 | 5,271 | 10,736 | 5,887 | 11,300 | 14,466 | 29,165 | |
23 |
- | 637 | 2,601 | 4,566 | 4,822 | 6,359 | 596 | 1,619 | 2,641 | 3,663 | |
24 |
1,011 | 1,701 | 2,391 | 3,081 | 450 | 899 | 1,349 | 1,798 | - | - | |
28 |
- | - | - | - | - | - | - | 250 | 250 | 250 | |
29/58 |
14,779 | 21,225 | 21,388 | 44,673 | 48,917 | 57,862 | 37,341 | 18,116 | 14,491 | 15,922 | |
3 |
- | - | - | 20,725 | 16,994 | 5,712 | 417 | 6,301 | 4,471 | 1,564 | |
30/36 |
- | - | - | 20,725 | 16,994 | 5,712 | 417 | 6,301 | 4,471 | 1,564 | |
40/41 |
13,817 | 21,225 | 21,299 | 22,980 | 15,115 | 44,295 | 30,005 | 10,659 | 6,825 | 6,318 | |
40 |
8,887 | 20,977 | 20,977 | 22,899 | 13,983 | 42,711 | 28,223 | 10,337 | 1,684 | 1,625 | |
41 |
4,930 | 248 | 322 | 81 | 1,132 | 1,584 | 1,781 | 322 | 5,141 | 4,694 | |
54/58 |
962 | - | - | 960 | 16,469 | 7,444 | 6,919 | 773 | 2,813 | 7,413 | |
490/1 |
- | - | 90 | 8 | 339 | 410 | - | 383 | 383 | 627 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
15,790 | 23,564 | 26,381 | 52,320 | 54,188 | 68,598 | 43,227 | 29,666 | 29,207 | 45,338 | |
10/15 |
5,634 | -2,986 | 2,804 | 1,596 | 10,828 | 19,430 | 9,136 | 3,705 | 4,777 | 6,375 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | 12,350 | 12,350 | 12,350 | 12,350 | |
13 |
855 | 855 | 855 | 855 | 855 | 855 | 855 | 55 | 55 | 55 | |
130/1 |
855 | 855 | 855 | 855 | 855 | 855 | - | - | - | - | |
130 |
- | - | - | - | - | - | 855 | 55 | 55 | 55 | |
1311 |
855 | 855 | 855 | 855 | 855 | 855 | - | - | - | - | |
14 |
-1,421 | -10,041 | -4,251 | -5,459 | 3,773 | 12,375 | 2,081 | -2,550 | -1,478 | 120 | |
17/49 |
10,156 | 26,550 | 23,577 | 50,724 | 43,360 | 49,168 | 34,092 | 25,961 | 24,430 | 38,963 | |
17 |
- | - | - | - | 482 | 3,327 | 1,712 | 5,768 | 9,751 | 21,344 | |
170/4 |
- | - | - | - | 482 | 3,327 | 1,712 | 5,768 | 9,751 | 21,344 | |
42/48 |
10,156 | 26,550 | 23,577 | 50,724 | 42,878 | 45,841 | 32,380 | 20,193 | 14,679 | 17,619 | |
42 |
- | - | - | 482 | 2,845 | 4,482 | 4,056 | 3,983 | 3,910 | 6,504 | |
43 |
- | - | 6,986 | - | - | - | - | - | - | - | |
430/8 |
- | - | 6,986 | - | - | - | - | - | - | - | |
44 |
6,986 | 6,901 | 4,744 | 33,134 | 27,127 | 35,357 | 9,424 | 7,153 | 9,556 | 9,102 | |
440/4 |
6,986 | 6,901 | 4,744 | 33,134 | 27,127 | 35,357 | 9,424 | 7,153 | 9,556 | 9,102 | |
46 |
- | - | - | - | - | - | 13,479 | - | - | - | |
45 |
- | 2,612 | 4,364 | 11,876 | 1,172 | 4,588 | 3,311 | 2,693 | 1,111 | 1,832 | |
450/3 |
- | 2,612 | 4,364 | 45 | 1,172 | 4,438 | 3,311 | 2,208 | 1,111 | 1,232 | |
454/9 |
- | - | - | 11,830 | - | 150 | - | 485 | - | 600 | |
47/48 |
3,170 | 17,037 | 7,483 | 5,233 | 11,733 | 1,414 | 2,110 | 6,365 | 101 | 181 | |
| Income statement | |||||||||||
9900 |
9,965 | -2,198 | -125 | -5,123 | -4,800 | 16,117 | 17,101 | 7,934 | 9,438 | 12,805 | |
630 |
1,327 | 2,654 | 2,654 | 2,355 | 1,987 | 2,837 | 5,413 | 5,413 | 4,964 | 9,239 | |
640/8 |
- | - | - | 271 | 610 | 917 | 2,402 | 1,746 | 1,667 | 1,491 | |
66A |
- | - | - | - | - | - | - | - | 2,349 | - | |
9901 |
8,638 | -4,853 | -2,779 | -7,749 | -7,396 | 12,363 | 9,285 | 775 | 458 | 2,075 | |
75/76B |
0 | - | 5,001 | 641 | 15 | 9 | 1 | 35 | 0 | 21 | |
75 |
0 | - | 5,001 | 641 | 15 | 9 | 1 | 35 | 0 | 21 | |
65/66B |
17 | 938 | 1,014 | 2,124 | 1,176 | 951 | 653 | 786 | 1,010 | 708 | |
65 |
17 | 938 | 1,014 | 2,124 | 1,176 | 951 | 653 | 786 | 1,010 | 708 | |
9903 |
8,621 | -5,790 | 1,208 | -9,232 | -8,557 | 11,421 | 8,633 | 25 | -552 | 1,389 | |
67/77 |
- | - | - | - | 45 | 1,127 | 3,202 | 1,097 | 1,045 | 1,214 | |
9904 |
8,621 | -5,790 | 1,208 | -9,232 | -8,602 | 10,294 | 5,431 | -1,072 | -1,598 | 175 | |
9905 |
8,621 | -5,790 | 1,208 | -9,232 | -8,602 | 10,294 | 5,431 | -1,072 | -1,598 | 175 | |
| Appropriation of the result | |||||||||||
9906 |
-1,421 | -10,041 | -4,251 | -5,459 | 3,773 | 12,375 | 2,881 | -2,550 | -1,478 | 175 | |
14P |
-10,041 | -4,251 | -5,459 | 3,773 | 12,375 | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 800 | - | - | 55 | |
6920 |
- | - | - | - | - | - | 800 | - | - | 55 | |
| Document | |||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 21-08-2026.
2025 annual accounts filed 21 days after the deadline. Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00471533.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-08-2026 | 2026-00471533 | |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00349409 | |
| 31-12-2023 | micro format | 14-08-2024 | 2024-00345773 | |
| 31-12-2022 | micro format | 20-10-2023 | 2023-00491212 | |
| 31-12-2021 | micro format | 17-10-2022 | 2022-20468166 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64100046 | |
| 31-12-2019 | micro format | 06-11-2020 | 2020-69200285 | |
| 31-12-2018 | micro format | 08-08-2019 | 2019-45200506 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57200580 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-59700569 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 9,965 | -2,198 | -125 | -5,394 | -5,410 | 15,200 | 14,699 | 6,188 | 5,422 | 11,314 | ||
| 9,948 | -3,136 | 3,862 | -6,877 | -6,615 | 13,131 | 10,845 | 4,341 | 3,366 | 9,413 | ||
| 0 | 0 | 0 | 4,731 | -3,478 | 7,686 | -250 | 2,248 | 9,415 | 38,654 | ||
| - | - | - | -15,509 | 9,024 | 526 | 6,146 | -2,040 | -4,600 | - | ||
| 4,623 | -5,325 | -2,189 | -6,051 | 6,038 | 12,021 | 4,961 | -2,077 | -188 | -1,697 | ||
| 35.7% | -12.7% | 10.6% | 3.1% | 20.0% | 28.3% | 21.1% | 12.5% | 16.4% | 14.1% | ||
| 1.46 | 0.80 | 0.91 | 0.88 | 1.14 | 1.26 | 1.15 | 0.90 | 0.99 | 0.90 | ||
| 1.46 | 0.80 | 0.91 | 0.47 | 0.74 | 1.14 | 1.14 | 0.59 | 0.68 | 0.81 | ||
| 1.80 | - | 8.41 | 31.78 | 4.00 | 2.53 | 3.73 | 7.01 | 5.11 | 6.11 | ||
| 153.0% | - | 43.1% | -578.5% | -79.4% | 53.0% | 59.4% | -28.9% | -33.4% | 2.7% | ||
| 54.6% | -24.6% | 4.6% | -17.6% | -15.9% | 15.0% | 12.6% | -3.6% | -5.5% | 0.4% | ||
| over 100 | -2.34 | -0.12 | -2.54 | -4.60 | - | - | - | - | - |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €4,731 | - |
| €1,327 | €2,654 | €2,654 | €2,355 | €1,987 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €8,638, after a loss of €4,853 in 2024. It is the highest result since 2020.
Debt's share of the balance-sheet total is 64.3%.
SD PROJECTS has no parent and no holdings in its annual accounts. Dedobbeleer Stephen is the only director. SD PROJECTS shares no director with another company.
| De Schepper, Jolien (sole trader)
establishment since 20-02-2017 |
founded in 2017 0671.472.996 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Poelkstraat 39 registered office 1760 Roosdaal | 01-09-2015 | 2.244.850.016 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23097E0555/00F000 | 1,143 m² | 1 · 152 m² | 7.1 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0635.708.306
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