SD Projects
Annual accounts 2024
micro format, filed on 14-10-2025, 75 days late2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 10 November 2026.
Money flows
no detail for 2024Balance sheet
balance sheet total €13,692 on 31-12-2024in euro
in euro
Position in the sector
-76.2%
Higher than 10% of 25,553 companies in 2024.
0.30
Higher than 7% of 24,612 companies in 2024.
-178.7%
Lower than 95% of 24,781 companies in 2024.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
13,692 | 19,979 | 31,528 | 36,913 | |
21/28 |
6,548 | 10,538 | 14,528 | 18,518 | |
22/27 |
6,548 | 10,538 | 14,528 | 18,518 | |
24 |
6,548 | 10,538 | 14,528 | 18,518 | |
29/58 |
7,144 | 9,441 | 17,000 | 18,395 | |
40/41 |
4,273 | 4,659 | 8,843 | 7,982 | |
40 |
4,273 | 4,659 | 8,843 | 7,982 | |
54/58 |
2,125 | 3,948 | 7,547 | 9,668 | |
490/1 |
746 | 835 | 610 | 744 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
13,692 | 19,979 | 31,528 | 36,913 | |
10/15 |
-10,433 | 14,041 | 13,094 | 19,551 | |
10/11 |
- | - | - | 4,000 | |
13 |
4,000 | 4,000 | 4,000 | - | |
133 |
4,000 | 4,000 | 4,000 | - | |
14 |
-14,433 | 10,041 | 9,094 | 15,551 | |
17/49 |
24,126 | 5,938 | 18,434 | 17,362 | |
42/48 |
24,126 | 4,022 | 7,494 | 17,362 | |
44 |
2,276 | 2,079 | - | 3,275 | |
440/4 |
2,276 | 2,079 | - | 3,275 | |
45 |
2,174 | 1,944 | 7,494 | 6,950 | |
450/3 |
2,174 | 1,944 | 7,494 | 6,950 | |
47/48 |
19,676 | - | - | 7,137 | |
492/3 |
- | 1,915 | 10,941 | - | |
| Income statement | |||||
70 |
- | - | 53,308 | 64,413 | |
9900 |
-17,995 | 9,613 | -1,663 | 21,282 | |
60/61 |
- | - | 54,970 | 53,851 | |
630 |
3,990 | 3,990 | 3,990 | 1,432 | |
640/8 |
2,308 | 4,173 | 631 | 269 | |
9901 |
-24,293 | 1,449 | -6,283 | 19,581 | |
75/76B |
- | - | 0 | - | |
75 |
- | - | 0 | - | |
65/66B |
181 | 265 | 174 | 118 | |
65 |
181 | 265 | 174 | 118 | |
9903 |
-24,474 | 1,184 | -6,457 | 19,463 | |
67/77 |
- | 237 | - | 3,913 | |
9904 |
-24,474 | 947 | -6,457 | 15,551 | |
9905 |
-24,474 | 947 | -6,457 | 15,551 | |
| Appropriation of the result | |||||
9906 |
-14,433 | 10,041 | 9,094 | 15,551 | |
14P |
10,041 | 9,094 | 15,551 | - | |
| Document | |||||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 14-10-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| -20,303 | 5,439 | -2,293 | 21,013 | ||
| -20,484 | 4,937 | -2,467 | 16,983 | ||
| 0 | 0 | 0 | - | ||
| -1,823 | -3,599 | -2,122 | - | ||
| -16,981 | 5,419 | 9,506 | 1,033 | ||
| - | - | -11.8% | 30.4% | ||
| -76.2% | 70.3% | 41.5% | 53.0% | ||
| 0.30 | 2.35 | 2.27 | 1.06 | ||
| - | 0.42 | 1.41 | 0.89 | ||
| - | 6.7% | -49.3% | 79.5% | ||
| -178.7% | 4.7% | -20.5% | 42.1% | ||
| -112.02 | 20.52 | -13.16 | over 100 | ||
| - | - | 61 days | 45 days | ||
| - | - | - | 22 days |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Insights on SD Projects
The operating result for 2024 is a loss of €24,293, after a profit of €1,449 in 2023. It is the lowest result since 2021.
Equity is negative. Debt (€24,126) exceeds the balance-sheet total (€13,692).