SD2
ActiveSummary
SD2 has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €553k and a net result of €64k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 47.0 against 65.26 in 2024; short-term debt: 2.1% and cash: 22.1% of total assets), and 2.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
97.9%
Return on assets
11.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
81 d early
2024
76 d early
2023
75 d early
2022
70 d early
2021
33 d early
2020
72 d early
2019
65 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€553k▲ 13.0%
2024 · €489k
2018: €290klowest in 8 years
2019: €333k▲ +14.7% vs 2018
2020: €331k▼ -0.7% vs 2019
2021: €353k▲ +6.7% vs 2020
2022: €398k▲ +12.6% vs 2021
2023: €428k▲ +7.7% vs 2022
2024: €489k▲ +14.2% vs 2023
2025: €553k▲ +13.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€565k▲ 13.7%
2024 · €497k
2018: €296klowest in 8 years
2019: €339k▲ +14.6% vs 2018
2020: €334k▼ -1.3% vs 2019
2021: €360k▲ +7.7% vs 2020
2022: €407k▲ +13.0% vs 2021
2023: €436k▲ +7.1% vs 2022
2024: €497k▲ +13.9% vs 2023
2025: €565k▲ +13.7% vs 2024highest in 8 years
2018 → 2025
Net result
€64k▲ 4.7%
2024 · €61k
2018: €47k
2019: €43k▼ -8.7% vs 2018
2020: €-2k▼ -105% vs 2019lowest in 8 years
2021: €22k▲ +1082% vs 2020
2022: €45k▲ +100% vs 2021
2023: €30k▼ -31.7% vs 2022
2024: €61k▲ +99.5% vs 2023
2025: €64k▲ +4.7% vs 2024highest in 8 years
2018 → 2025
Working capital
€551k▲ 13.5%
2024 · €486k
2018: €272klowest in 8 years
2019: €294k▲ +8.0% vs 2018
2020: €301k▲ +2.4% vs 2019
2021: €331k▲ +10.2% vs 2020
2022: €385k▲ +16.2% vs 2021
2023: €425k▲ +10.3% vs 2022
2024: €486k▲ +14.3% vs 2023
2025: €551k▲ +13.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€353k-€398k▲ 12.6%€428k▲ 7.7%€489k▲ 14.2%€553k▲ 13.0%
2021: €353klowest in 5 years
2022: €398k▲ +12.6% vs 2021
2023: €428k▲ +7.7% vs 2022
2024: €489k▲ +14.2% vs 2023
2025: €553k▲ +13.0% vs 2024highest in 5 years
Operating result€27k-€63k▲ 131%€43k▼ 31.8%€85k▲ 97.1%€88k▲ 4.4%
2021: €27klowest in 5 years
2022: €63k▲ +131% vs 2021
2023: €43k▼ -31.8% vs 2022
2024: €85k▲ +97.1% vs 2023
2025: €88k▲ +4.4% vs 2024highest in 5 years
Net result€22k-€45k▲ 100%€30k▼ 31.7%€61k▲ 99.5%€64k▲ 4.7%
2021: €22klowest in 5 years
2022: €45k▲ +100% vs 2021
2023: €30k▼ -31.7% vs 2022
2024: €61k▲ +99.5% vs 2023
2025: €64k▲ +4.7% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €565k
Fixed assets
€2k ▼ 51.9%
Current assets
€563k ▲ 14.2%
Equity and liabilities €565k
Equity
€553k ▲ 13.0%
Debt
€12k ▲ 58.5%
Debt's share of the balance-sheet total rises from 1.5% to 2.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€91k▲
2024 · €87k
Cash flow
€66k▲
2024 · €63k
Current ratio
47.00▼
2024 · 65.26
Debt to equity
0.02▲
2024 · 0.02
ROE
11.5%▼
2024 · 12.4%
ROA
11.3%▼
2024 · 12.2%
Interest coverage
363.07▲
2024 · 340.82
Debt ≤ 1 year
€12k▲
2024 · €8k
Income taxes
€31k▲
2024 · €29k
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 · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€497k€565k▲
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€4k€2k▼
Land and buildings22€2k-
Furniture and vehicles24€2k€2k▼
Current assets29/58€493k€563k▲
Amounts receivable within one year40/41€20k€25k▲
Trade receivables40€20k€25k▲
Other amounts receivable41-€3
Current investments50/53€459k€413k▼
Cash at bank and in hand54/58€13k€125k▲
Deferred charges and accrued income490/1€1k€221▼
Equity and liabilities
Total equity and liabilities10/49€497k€565k▲
Equity10/15€489k€553k▲
Contributions10/11€54k€54k=
Reserves13€435k€499k▲
Distributable reserves133€435k€499k▲
Amounts payable17/49€8k€12k▲
Amounts payable within one year42/48€8k€12k▲
Trade debts44-€19
Suppliers440/4-€19
Taxes, remuneration and social security45€8k€9k▲
Taxes450/3€8k€9k▲
Other amounts payable47/48-€3k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€88k€92k▲
Operating profit (loss)9901€85k€88k▲
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€255€251▼
Recurring financial charges65€255€251▼
Profit (loss) for the period before taxes9903€90k€95k▲
Income taxes67/77€29k€31k▲
Profit (loss) for the period9904€61k€64k▲
Profit (loss) for the period to be appropriated9905€61k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€59k€64k▲
Profit (loss) brought forward from the previous period14P€-2k-
Transfer to equity691/2€59k€64k▲
To other reserves6921€59k€64k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €9k | €9k | €2k | €3k | ▲ 21.8% |
| Other operating charges640/8 | €791 | €787 | €1k | €1k | €1k | ▼ 18.3% |
| Gross operating margin9900 | €38k | €73k | €53k | €88k | €92k | ▲ 4.5% |
| Operating profit (loss)9901 | €27k | €63k | €43k | €85k | €88k | ▲ 4.4% |
| Financial income75/76B | €2k | €3k | €4k | €5k | €6k | ▲ 16.2% |
| Recurring financial income75 | €2k | €3k | €4k | €5k | €6k | ▲ 16.2% |
| Financial charges65/66B | €120 | €185 | €156 | €255 | €251 | ▼ 1.6% |
| Recurring financial charges65 | €120 | €185 | €156 | €255 | €251 | ▼ 1.6% |
| Profit (loss) for the period before taxes9903 | €29k | €66k | €47k | €90k | €95k | ▲ 5.1% |
| Income taxes67/77 | €7k | €22k | €16k | €29k | €31k | ▲ 6.0% |
| Profit (loss) for the period9904 | €22k | €45k | €30k | €61k | €64k | ▲ 4.7% |
| Profit (loss) for the period to be appropriated9905 | €22k | €45k | €30k | €61k | €64k | ▲ 4.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €360k | €407k | €436k | €497k | €565k | ▲ 13.7% |
| Fixed assets21/28 | €22k | €13k | €4k | €4k | €2k | ▼ 51.9% |
| Tangible fixed assets22/27 | €22k | €13k | €4k | €4k | €2k | ▼ 51.9% |
| Land and buildings22 | €7k | €5k | €3k | €2k | - | - |
| Furniture and vehicles24 | €15k | €8k | €459 | €2k | €2k | ▼ 14.0% |
| Current assets29/58 | €338k | €394k | €432k | €493k | €563k | ▲ 14.2% |
| Amounts receivable within one year40/41 | €13k | €9k | €21k | €20k | €25k | ▲ 23.6% |
| Trade receivables40 | €7k | €8k | €19k | €20k | €25k | ▲ 23.6% |
| Other amounts receivable41 | €6k | €1k | €3k | - | €3 | - |
| Current investments50/53 | €293k | €355k | €392k | €459k | €413k | ▼ 10.0% |
| Cash at bank and in hand54/58 | €32k | €30k | €19k | €13k | €125k | ▲ 859% |
| Deferred charges and accrued income490/1 | €197 | €203 | €181 | €1k | €221 | ▼ 80.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €360k | €407k | €436k | €497k | €565k | ▲ 13.7% |
| Equity10/15 | €353k | €398k | €428k | €489k | €553k | ▲ 13.0% |
| Contributions10/11 | €54k | €54k | €54k | €54k | €54k | = |
| Reserves13 | €301k | €346k | €377k | €435k | €499k | ▲ 14.6% |
| Distributable reserves133 | €301k | €346k | €377k | €435k | €499k | ▲ 14.6% |
| Profit (loss) carried forward14 | €-2k | €-2k | €-2k | - | - | - |
| Amounts payable17/49 | €7k | €9k | €8k | €8k | €12k | ▲ 58.5% |
| Amounts payable within one year42/48 | €7k | €9k | €8k | €8k | €12k | ▲ 58.5% |
| Trade debts44 | - | - | - | - | €19 | - |
| Suppliers440/4 | - | - | - | - | €19 | - |
| Taxes, remuneration and social security45 | €4k | €5k | €5k | €8k | €9k | ▲ 19.4% |
| Taxes450/3 | €4k | €5k | €5k | €8k | €9k | ▲ 19.4% |
| Other amounts payable47/48 | €3k | €4k | €3k | - | €3k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €45k | €30k | €61k | €64k | ▲ 4.7% |
| + Depreciation and write-downs630 | €10k | €9k | €9k | €2k | €3k | ▲ 21.8% |
| Operating cash flow (approximation) | €32k | €54k | €40k | €63k | €66k | ▲ 5.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-2k | €-743 | ▲ 64.0% |
| Change in cash | - | €-2k | €-11k | €-6k | €112k | ▲ 2,013% |
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
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €64k ▲4.7%
Operating result €88k, net result €64k, both a record.
31-12
Financial
Equity above €500kEq €553k ▲13%
5 profitable years in a row build equity to €553k.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gent · 1 establishment unit since 2004
Ground area
166 m²
Building footprint
110 m²
Volume, LiDAR
793 m³
Parcel 44809I0470/02V000, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SD2
since 20042.137.610.675
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0470/02V000 | Flanders | 166 m² | 1 · 110 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
894500R0SGDRG0SDWX14
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,073 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-06-2004
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
Contact
E-mail
sybrand.dijkstra@pandora.beGent
Phone
09/245.6..16Gent
Scores and ratios are computed by Checked and are not a credit decision.