Equity
-€10,433
Debts exceed assets in financial year 2024.
SD Projects
Lifetime
4 annual accounts with figures on one time axispeak €21,282 (2021)
-€17,995▼ €27,607
lowest -€24,474 (2024)
-€24,474▼ €25,422
peak €19,551 (2021)
-€10,433▼ €24,475
€24,126▲ 306%
Board5 names since 2020
2 directorsMeeus Pascal Maria C and 1 other
Documentsfilings and deeds
14-10-202575 days late
2024micro format
Gross margin from €9,613 to -€17,995Loss of €24,474Purpose change 29-11Equity from €14,041 to -€10,433Debts from €5,938 to €24,126Cash from €3,948 to €2,125
Key points
from the 2024 annual accountsDebts
€24,126 176% of the balance sheet
Suppliers 9%Taxes and wages 9%Other 82%
Liquidity
0.30 was 2.35 in 2023
Short-term debts rose from €4,022 to €24,126.
Filings
4 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Starting capital
€4,000 100 shares
Position in the sector
-€24,474
Lower net result than 90% of companies in retail trade. Sector median €4,566 · 25,531 companies.
Turnover not published (micro format)
Checked score
34
Weak
Financially stronger than 9% of micro companies in retail trade (NACE 47)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.7% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.4%● unchanged vs 01-2025lowest value
03-2025: 1.4%● unchanged vs 02-2025
04-2025: 1.4%● unchanged vs 03-2025
05-2025: 1.5%▲ +0.1 percentage points vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025
07-2025: 1.5%● unchanged vs 06-2025
08-2025: 2.0%▲ +0.5 percentage points vs 07-2025
09-2025: 2.2%▲ +0.2 percentage points vs 08-2025
10-2025: 3.3%▲ +1.1 percentage points vs 09-2025
11-2025: 3.0%▼ -0.3 percentage points vs 10-2025
12-2025: 3.0%● unchanged vs 11-2025
01-2026: 3.0%● unchanged vs 12-2025
02-2026: 3.1%▲ +0.1 percentage points vs 01-2026
03-2026: 3.1%● unchanged vs 02-2026
04-2026: 3.1%● unchanged vs 03-2026
05-2026: 3.1%● unchanged vs 04-2026
06-2026: 2.8%▼ -0.3 percentage points vs 05-2026
07-2026: 2.9%▲ +0.1 percentage points vs 06-2026
08-2026: 3.5%▲ +0.6 percentage points vs 07-2026
09-2026: 3.8%▲ +0.3 percentage points vs 08-2026
10-2026: 5.7%▲ +1.9 percentage points vs 09-2026highest value
11-2026: 5.7%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 17-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 75 days late; 3 of the last 3 accounts late
Founded in 2020
lowers risk
Size: total assets €13,692
Calculation
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 47, micro). It does better than 6% of them on solvency, 18% on liquidity, 6% on profitability and 3% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as SD Projects has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SD Projects itself: 5.7% within 12 months.
Test of the method
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 6,008 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.3 (2.35 in 2023), below 1. Short-term debt is 176.2% and cash 15.5% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
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 -€10,433
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 4 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 75 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
75 days late
2023
72 days late
2022
64 days late
2021
116 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 82 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- Perez-Hernandez Gianni 50 sharesdeed of 01-03-2023
- Meeus Pascal Maria C 50 sharesdeed of 01-03-2023
- Meeus Bilail 17 sharesdeed of 01-03-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0744679688
Resignation: Perez-Hernandez Gianni (director)
Appointment: Vanhaverbeke Oan (director) · Director discharge: Perez-Hernandez Gianni · General meeting of 01-01-2025 · Gazette deed
Purpose change
“Het elektronisch handelen, onder meer met behulp van een webshop; Het voeren van E-Commerce; Voor eigen…” (deed in Dutch) · Gazette deed
Appointment: Meeus Bilail (director)
Transfer of 17 shares from Perez-Hernandez Gianni to Meeus Bilail · Transfer of 16 shares from Meeus Pascal Maria C to Meeus Bilail · Perez-Hernandez Gianni holds 50 shares · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SD Projects Antwerp | - | - | -76.2% | - |
| NA GROUP Antwerp | - | - | 30.9% | - |
| Hormao Antwerp | - | - | 0.0% | - |
| LES ECLATS D'OLIVIA Chaudfontaine | - | - | -262.1% | - |
| CREAMAGNA Nivelles | €9,382 | -26.7% | 49.0% | - |
| INDIGO STUDIO Brussels | €55,739 | -8.1% | -35.8% | - |
| GOQUITE Ixelles | - | - | -79.5% | - |
These companies have the same main activity as SD Projects: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €12,500 and €17,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 03-03-2020Normal situation
- Activity
- Other non-specialised retail saleNACE 47120and 8 others
- Establishment unit
- 2.300.896.9132660 Antwerp, since 03-03-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 07-01-2026
Insights on SD Projects
SD Projects files the micro format. That format states no turnover. The gross margin fell from €21,282 in 2021 to -€17,995 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SD Projects
- What is the company number of SD Projects?
- The company number of SD Projects is 0744.679.688. The VAT number is the same number with BE in front: BE 0744.679.688.
- Where is SD Projects based?
- The registered office is at Krugerstraat 238 - 240, 2660 Antwerp.Company details
- What does SD Projects do?
- According to the KBO register, the main activity is other non-specialised retail sale (NACE 47120).
- What is the legal form of SD Projects?
- SD Projects is a private limited company (BV).
- When was SD Projects founded?
- SD Projects was founded on 03-03-2020.
- Is SD Projects still active?
- Yes, SD Projects is an active enterprise in the KBO register.
- What is the turnover of SD Projects?
- The annual accounts for financial year 2024 state no turnover. The micro format does not require it. In financial year 2022 turnover was €53,308.Financials
- Is SD Projects profitable?
- In financial year 2024, SD Projects made a loss of €24,474.
- Where can I find the annual accounts of SD Projects?
- SD Projects filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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