SD STORE
ActiveSummary
SD STORE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.25M and a net result of €414k. Equity is growing by ~30.7% per year across the filed fiscal years. Its solvency ranks better than 55% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+2
Solvency65▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 2.07 against 1.94 in 2024; short-term debt: 11.2% and cash: 6.8% of total assets), but 59.8% of the assets are financed with debt.
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Signals
Seven 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
40.2%
Return on assets
7.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
30 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
27 d late
2019
22 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Floreffe, Wholesale and retail trade sector#1 company by equity in Floreffe, Wholesale and retail trade sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€414k▲ 13.6%
2024 · €365k
Working capital
€675k▲ 36.0%
2024 · €496k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€229k▼ 10.2%€722k▲ 215%€437k▼ 39.4%€528k▲ 20.7%€623k▲ 18.1%
Net result€121k▼ 24.7%€475k▲ 292%€231k▼ 51.4%€365k▲ 57.8%€414k▲ 13.6%
Equity€770k▲ 18.7%€1.24M▲ 61.8%€1.48M▲ 18.6%€1.84M▲ 24.7%€2.25M▲ 22.5%
Total assets€3.60M▲ 7.6%€4.51M▲ 25.5%€4.74M▲ 5.1%€4.99M▲ 5.2%€5.62M▲ 12.6%
Debt€2.83M▲ 4.9%€3.17M▲ 12.0%€3.17M=€3.05M▼ 3.8%€3.26M▲ 7.1%
Working capital€189k€556k▲ 194%€304k▼ 45.3%€496k▲ 63.3%€675k▲ 36.0%
Staff (FTE)6.9▼ 2.8%8.90
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.62M
Fixed assets
€4.31M ▲ 8.7%
Current assets
€1.31M ▲ 27.4%
Equity and liabilities €5.62M
Equity
€2.25M ▲ 22.5%
Provisions
€99k ▼ 3.0%
Debt
€3.26M ▲ 7.1%
Debt's share of the balance-sheet total falls from 61.1% to 58.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€823k▲
2024 · €736k
Cash flow
€614k▲
2024 · €573k
Current ratio
2.07▲
2024 · 1.94
Quick ratio
2.06▲
2024 · 1.93
Debt to equity
1.45▼
2024 · 1.65
ROE
18.4%▼
2024 · 19.8%
ROA
7.4%▲
2024 · 7.3%
Interest coverage
6.60▲
2024 · 5.71
Debt ≤ 1 year
€632k▲
2024 · €529k
Debt > 1 year
€2.62M▲
2024 · €2.43M
Income taxes
€149k▲
2024 · €34k
Staff costs
€253k▼
2024 · €372k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €44k | €513k | €2k | €93k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €256k | €293k | €322k | €372k | €253k | ▼ 31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €132k | €120k | €179k | €208k | €199k | ▼ 4.3% |
| Other operating charges640/8 | €98k | €8k | €53k | €48k | €68k | ▲ 42.1% |
| Non-recurring operating charges66A | €18k | €193k | €58k | €108k | €78k | ▼ 28.2% |
| Gross operating margin9900 | €734k | €1.33M | €1.05M | €1.26M | €1.22M | ▼ 3.4% |
| Operating profit (loss)9901 | €229k | €722k | €437k | €528k | €623k | ▲ 18.1% |
| Financial income75/76B | €1k | €78 | €5 | €6 | €62k | ▲ 1,123,561% |
| Recurring financial income75 | €1k | €78 | €5 | €6 | €668 | ▲ 12,026% |
| Non-recurring financial income76B | - | - | - | - | €61k | - |
| Financial charges65/66B | €79k | €62k | €113k | €129k | €125k | ▼ 3.3% |
| Recurring financial charges65 | €79k | €62k | €113k | €129k | €125k | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | €151k | €659k | €324k | €399k | €561k | ▲ 40.5% |
| Transfer from deferred taxes780 | - | - | - | - | €3k | - |
| Transfer to deferred taxes680 | - | €102k | €0 | - | - | - |
| Income taxes67/77 | €30k | €82k | €93k | €34k | €149k | ▲ 334% |
| Profit (loss) for the period9904 | €121k | €475k | €231k | €365k | €414k | ▲ 13.6% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €12k | - |
| Transfer to tax-exempt reserves689 | - | €407k | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €121k | €69k | €231k | €365k | €427k | ▲ 17.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.60M | €4.51M | €4.74M | €4.99M | €5.62M | ▲ 12.6% |
| Fixed assets21/28 | €2.54M | €3.43M | €3.95M | €3.96M | €4.31M | ▲ 8.7% |
| Intangible fixed assets21 | €22k | €154k | €208k | €172k | €136k | ▼ 20.9% |
| Tangible fixed assets22/27 | €2.50M | €3.25M | €3.71M | €3.77M | €4.15M | ▲ 10.1% |
| Land and buildings22 | €2.42M | €3.18M | €3.67M | €3.74M | €4.12M | ▲ 10.0% |
| Plant, machinery and equipment23 | €25k | €21k | €8k | €6k | €5k | ▼ 28.7% |
| Furniture and vehicles24 | €51k | €47k | €34k | €15k | €20k | ▲ 34.7% |
| Financial fixed assets28 | €24k | €24k | €24k | €24k | €27k | ▲ 12.4% |
| Current assets29/58 | €1.05M | €1.09M | €797k | €1.03M | €1.31M | ▲ 27.4% |
| Stocks and contracts in progress3 | €3k | €3k | €3k | €3k | €3k | = |
| Stocks30/36 | €3k | €3k | €3k | €3k | €3k | = |
| Amounts receivable within one year40/41 | €922k | €652k | €639k | €699k | €920k | ▲ 31.6% |
| Trade receivables40 | €504k | €250k | €224k | €260k | €241k | ▼ 7.3% |
| Other amounts receivable41 | €418k | €402k | €415k | €439k | €679k | ▲ 54.6% |
| Cash at bank and in hand54/58 | €122k | €430k | €155k | €324k | €384k | ▲ 18.6% |
| Deferred charges and accrued income490/1 | €7k | €2k | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.60M | €4.51M | €4.74M | €4.99M | €5.62M | ▲ 12.6% |
| Equity10/15 | €770k | €1.24M | €1.48M | €1.84M | €2.25M | ▲ 22.5% |
| Contributions10/11 | €63k | €63k | €63k | €63k | €63k | = |
| Capital10 | €63k | €63k | €63k | €63k | €63k | = |
| Issued capital100 | €63k | €63k | €63k | €63k | €63k | = |
| Reserves13 | €6k | €413k | €413k | €413k | €400k | ▼ 3.0% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €407k | €407k | €407k | €394k | ▼ 3.0% |
| Profit (loss) carried forward14 | €700k | €769k | €1.00M | €1.36M | €1.79M | ▲ 31.3% |
| Provisions and deferred taxes16 | - | €102k | €102k | €102k | €99k | ▼ 3.0% |
| Deferred taxes168 | - | €102k | €102k | €102k | €99k | ▼ 3.0% |
| Amounts payable17/49 | €2.83M | €3.17M | €3.17M | €3.05M | €3.26M | ▲ 7.1% |
| Amounts payable after more than one year17 | €1.94M | €2.53M | €2.62M | €2.43M | €2.62M | ▲ 7.8% |
| Financial debts170/4 | €1.94M | €2.53M | €2.62M | €2.43M | €2.62M | ▲ 7.8% |
| Amounts payable within one year42/48 | €864k | €530k | €494k | €529k | €632k | ▲ 19.3% |
| Current portion of amounts payable after more than one year42 | €204k | €227k | €296k | €274k | €338k | ▲ 23.1% |
| Financial debts43 | - | €18k | €0 | €18k | €50k | ▲ 183% |
| Credit institutions430/8 | - | €18k | €0 | €18k | €50k | ▲ 183% |
| Trade debts44 | €541k | €133k | €60k | €63k | €74k | ▲ 18.5% |
| Suppliers440/4 | €541k | €133k | €60k | €63k | €74k | ▲ 18.5% |
| Taxes, remuneration and social security45 | €117k | €131k | €115k | €151k | €166k | ▲ 10.0% |
| Taxes450/3 | €20k | €12k | €0 | €24k | €90k | ▲ 281% |
| Remuneration and social security454/9 | €97k | €119k | €115k | €128k | €76k | ▼ 40.3% |
| Other amounts payable47/48 | €3k | €23k | €23k | €23k | €3k | ▼ 85.5% |
| Accrued charges and deferred income492/3 | €27k | €103k | €49k | €85k | €10k | ▼ 87.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €121k | €475k | €231k | €365k | €414k | ▲ 13.6% |
| + Depreciation and write-downs630 | €132k | €120k | €179k | €208k | €199k | ▼ 4.3% |
| Operating cash flow (approximation) | €253k | €595k | €411k | €573k | €614k | ▲ 7.1% |
| Investment in fixed assets (approximation) | - | €-1.00M | €-699k | €-225k | €-546k | ▼ 143% |
| Change in cash | - | €308k | €-275k | €169k | €60k | ▼ 64.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-09
State Gazette act
Appointment: Adelina Hanific (director)Resignation: Didier Colin (director)4 facts ▸
State Gazette act
Appointment: Adelina Hanific (director)
Resignation: Didier Colin (director)4 facts ▸
- General meeting, 09-09-2026
- Director appointment, Adelina Hanific (director)
- Director resignation, Didier Colin (director)
- Director resignation, Didier Colin (managing director)
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 25 days late
2025
31-12
Financial
Equity above €2MEq €2.25M ▲22.5%
8 profitable years in a row build equity to €2.25M.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €475k ▲292%
Operating result €722k, net result €475k, both a record.
31-12
Financial
Equity above €1MEq €1.24M ▲61.8%
5 profitable years in a row build equity to €1.24M.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Equity above €500kEq €648k ▲33%
3 profitable years in a row build equity to €648k.
22-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 22 days late
Show earlier events
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Adelina Hanific
CurrentDirector · since 09-09-2026
09-09-2026
Adelina Hanific: Appointed as Director
09-09-2026
Didier Colin: Resigned as Director
09-09-2026
Didier Colin: Resigned as Managing director
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Floreffe · 2 establishment units since 2014
Ground area
7,645 m²
Building footprint
518 m²
Volume, LiDAR
2,952 m³
3 parcels, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
SD STORE
since 20142.229.392.372
SD STORE
since 20142.236.618.179
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92045A0008/00A000 | Wallonia | 4,611 m² | 1 · 184 m² | 8.2 m · 2 fl. |
| 92050B0015/00A002 | Wallonia | 2,400 m² | 1 · 147 m² | 5.4 m · 2 fl. |
| 52036B0134/00C005 | Wallonia | 633 m² | 1 · 187 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Of 10,506 companies in sector 47110 we hold annual accounts for 5,849. 1,404 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47621Retail sale of newspapers and periodicals
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.