SD Projects
ActiveSummary
The computed 12-month bankruptcy probability of SD Projects is 4.2% (elevated). The 2024 annual accounts show negative equity (€-10k) and a net result of €-24k. Equity is shrinking by ~60.6% per year across the filed fiscal years. Its solvency ranks better than 10% of 26043 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
18
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-75
Solvency0▼-95
Growth22=
Track record100
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 2.35 in 2023; short-term debt: 176.2% and cash: 15.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-76.2%
Return on assets
-178.7%
Age of the figures
21 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €-10k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-10-2025, 75 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
75 d late
2023
72 d late
2022
64 d late
2021
116 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€53k▼ 17.2%
2021 · €64k
2021: €64k
2021 → 2022
EBIT margin
-11.8%▼ 42.2pp
2021 · 30.4%
2021: 30.4%
2021 → 2022
Net result
€-24k
2023 · €947
2021: €16k
2022: €-6k
2023: €947
2021 → 2024
Working capital
€-17k
2023 · €5k
2021: €1k
2022: €10k
2023: €5k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€64k-€53k▼ 17.2%
Equity€20k-€13k▼ 33.0%€14k▲ 7.2%€-10k
Operating result€20k-€-6k€1k€-24k
Net result€16k-€-6k€947€-24k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €24k after €1k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14k
Fixed assets
€7k ▼ 37.9%
Current assets
€7k ▼ 24.3%
Key figures and ratios
EBITDA
€-20k▼
2023 · €5k
Cash flow
€-20k▼
2023 · €5k
Solvency
-76.2%▼
2023 · 70.3%
Current ratio
0.30▼
2023 · 2.35
Debt to equity
-2.31▼
2023 · 0.42
ROA
-178.7%▼
2023 · 4.7%
Interest coverage
-112.02▼
2023 · 20.52
Debt
€24k▲
2023 · €6k
Debt ≤ 1 year
€24k▲
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet
Code20232024
Assets
Total assets20/58€20k€14k▼
Fixed assets21/28€11k€7k▼
Tangible fixed assets22/27€11k€7k▼
Furniture and vehicles24€11k€7k▼
Current assets29/58€9k€7k▼
Amounts receivable within one year40/41€5k€4k▼
Trade receivables40€5k€4k▼
Cash at bank and in hand54/58€4k€2k▼
Deferred charges and accrued income490/1€835€746▼
Equity and liabilities
Total equity and liabilities10/49€20k€14k▼
Equity10/15€14k€-10k▼
Reserves13€4k€4k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€10k€-14k▼
Amounts payable17/49€6k€24k▲
Amounts payable within one year42/48€4k€24k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48-€20k
Accrued charges and deferred income492/3€2k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€4k€2k▼
Gross operating margin9900€10k€-18k▼
Operating profit (loss)9901€1k€-24k▼
Financial charges65/66B€265€181▼
Recurring financial charges65€265€181▼
Profit (loss) for the period before taxes9903€1k€-24k▼
Income taxes67/77€237-
Profit (loss) for the period9904€947€-24k▼
Profit (loss) for the period to be appropriated9905€947€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-14k▼
Profit (loss) brought forward from the previous period14P€9k€10k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 75 days late
2024
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
31-12
Financial
Back to profitnet €947
Net result €947 after one loss-making year.
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.27
Current ratio from 1.06 to 2.27; short-term debt falls from €17k to €7k.
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 116 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Antwerpen · 1 establishment unit since 2020
Ground area
363 m²
Building footprint
173 m²
Volume, LiDAR
1,169 m³
Parcel 11019B0057/00T003, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SD Projects
since 20202.300.896.913
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11019B0057/00T003indicative | Flanders | 363 m² | 1 · 173 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 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 12,957 companies in sector 47120 we hold annual accounts for 2,190. 1,316 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
62900Other information technology and computer services
63920Other information service activities
82990Other business support services
93110Operation of sports facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@skatedepot.be
Phone:0470711702