SDA
ActiveSummary
SDA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €136,266 and a net result of -€14,698. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 86% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability7▼-49
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 10.51 against 16.4 in 2023; short-term debt: 8.4% and cash: 70.8% of total assets), and 13.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
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
86.1%
Return on assets
-9.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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
not confirmed
2024
22 d late
2023
29 d late
2022
25 d late
2021
2 d early
2020
31 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€136,266▼ 9.7%
2023 · €150,964
Total assets
€158,242▼ 11.7%
2023 · €179,163
Net result
-€14,698
2023 · €1,650
Working capital
€126,121▼ 12.5%
2023 · €144,177
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
Line20202021202220232024
Operating result€3,879▼ 75.9%€31,782▲ 719%€43,038▲ 35.4%€3,644▼ 91.5%-€12,745
Net result€1,695▼ 85.4%€20,208▲ 1,092%€27,894▲ 38.0%€1,650▼ 94.1%-€14,698
Equity€214,678▲ 0.8%€234,885▲ 9.4%€149,314▼ 36.4%€150,964▲ 1.1%€136,266▼ 9.7%
Total assets€228,385▼ 12.7%€257,343▲ 12.7%€164,684▼ 36.0%€179,163▲ 8.8%€158,242▼ 11.7%
Debt€13,707▼ 71.8%€22,458▲ 63.8%€15,370▼ 31.6%€28,199▲ 83.5%€21,976▼ 22.1%
Working capital€210,536▲ 2.2%€232,657▲ 10.5%€147,258▼ 36.7%€144,177▼ 2.1%€126,121▼ 12.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €12,745 after €3,644 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €158,242
Fixed assets
€18,863 ▼ 26.4%
Current assets
€139,378 ▼ 9.2%
Equity and liabilities €158,242
Equity
€136,266 ▼ 9.7%
Debt
€21,976 ▼ 22.1%
Debt's share of the balance-sheet total falls from 15.7% to 13.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€2,336▼
2023 · €8,192
Cash flow
-€4,290▼
2023 · €6,197
Current ratio
10.51▼
2023 · 16.40
Quick ratio
10.41▼
2023 · 16.17
Debt to equity
0.16▼
2023 · 0.19
ROE
-10.8%▼
2023 · 1.1%
ROA
-9.3%▼
2023 · 0.9%
Interest coverage
-1.00▼
2023 · 4.28
Debt ≤ 1 year
€13,257▲
2023 · €9,359
Debt > 1 year
€8,719▼
2023 · €18,840
Income taxes
€308▼
2023 · €474
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,916 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €12,000 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,066 | €3,782 | €1,191 | €4,547 | €10,408 | ▲ 129% |
| Other operating charges640/8 | - | €812 | €431 | €1,444 | €1,022 | ▼ 29.2% |
| Gross operating margin9900 | €8,840 | €36,375 | €44,660 | €9,636 | -€1,314 | ▼ 114% |
| Operating profit (loss)9901 | €3,879 | €31,782 | €43,038 | €3,644 | -€12,745 | ▼ 450% |
| Financial income75/76B | - | €425 | - | €393 | €686 | ▲ 74.5% |
| Recurring financial income75 | - | €425 | - | €393 | €686 | ▲ 74.5% |
| Financial charges65/66B | - | - | - | €1,913 | €2,332 | ▲ 21.9% |
| Recurring financial charges65 | - | - | - | €1,913 | €2,332 | ▲ 21.9% |
| Profit (loss) for the period before taxes9903 | €3,879 | €32,206 | €43,038 | €2,124 | -€14,390 | ▼ 777% |
| Income taxes67/77 | €2,184 | €11,999 | €15,144 | €474 | €308 | ▼ 35.1% |
| Profit (loss) for the period9904 | €1,695 | €20,208 | €27,894 | €1,650 | -€14,698 | ▼ 991% |
| Profit (loss) for the period to be appropriated9905 | €1,695 | €20,208 | €27,894 | €1,650 | -€14,698 | ▼ 991% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €228,385 | €257,343 | €164,684 | €179,163 | €158,242 | ▼ 11.7% |
| Fixed assets21/28 | €4,142 | €2,228 | €2,056 | €25,626 | €18,863 | ▼ 26.4% |
| Intangible fixed assets21 | €3,083 | €502 | €102 | - | - | - |
| Tangible fixed assets22/27 | €1,060 | €1,726 | €1,954 | €25,626 | €18,863 | ▼ 26.4% |
| Plant, machinery and equipment23 | - | - | €1,016 | €677 | €1,334 | ▲ 97.1% |
| Furniture and vehicles24 | - | €1,726 | €938 | €24,950 | €17,530 | ▼ 29.7% |
| Current assets29/58 | €224,243 | €255,115 | €162,628 | €153,536 | €139,378 | ▼ 9.2% |
| Stocks and contracts in progress3 | €610 | €3,295 | €734 | €2,194 | €1,391 | ▼ 36.6% |
| Stocks30/36 | - | €3,295 | €734 | €2,194 | €1,391 | ▼ 36.6% |
| Amounts receivable within one year40/41 | €17,050 | €25,710 | €34,618 | €28,467 | €25,901 | ▼ 9.0% |
| Trade receivables40 | - | €17,541 | €25,561 | €17,753 | €13,975 | ▼ 21.3% |
| Other amounts receivable41 | - | €8,169 | €9,057 | €10,714 | €11,927 | ▲ 11.3% |
| Cash at bank and in hand54/58 | €206,582 | €226,111 | €127,192 | €122,876 | €112,086 | ▼ 8.8% |
| Deferred charges and accrued income490/1 | - | - | €84 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €228,385 | €257,343 | €164,684 | €179,163 | €158,242 | ▼ 11.7% |
| Equity10/15 | €214,678 | €234,885 | €149,314 | €150,964 | €136,266 | ▼ 9.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €196,078 | €216,285 | €130,714 | €132,364 | €132,364 | = |
| Non-distributable reserves130/1 | - | €6,360 | €6,360 | - | - | - |
| Reserves not available under the articles1311 | - | €6,360 | €6,360 | - | - | - |
| Distributable reserves133 | - | €209,925 | €124,354 | €132,364 | €132,364 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€14,698 | - |
| Amounts payable17/49 | €13,707 | €22,458 | €15,370 | €28,199 | €21,976 | ▼ 22.1% |
| Amounts payable after more than one year17 | - | - | - | €18,840 | €8,719 | ▼ 53.7% |
| Financial debts170/4 | - | - | - | €18,840 | €8,719 | ▼ 53.7% |
| Amounts payable within one year42/48 | €13,707 | €22,458 | €15,370 | €9,359 | €13,257 | ▲ 41.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,710 | €10,121 | ▲ 115% |
| Trade debts44 | €4,790 | €9,577 | €4,985 | €4,505 | €3,034 | ▼ 32.6% |
| Suppliers440/4 | - | €9,577 | €4,985 | €4,505 | €3,034 | ▼ 32.6% |
| Taxes, remuneration and social security45 | - | €12,880 | €10,385 | €144 | €102 | ▼ 29.3% |
| Taxes450/3 | - | €11,030 | €10,385 | €144 | €102 | ▼ 29.3% |
| Remuneration and social security454/9 | - | €1,850 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,695 | €20,208 | €27,894 | €1,650 | -€14,698 | ▼ 991% |
| + Depreciation and write-downs630 | €4,066 | €3,782 | €1,191 | €4,547 | €10,408 | ▲ 129% |
| Operating cash flow (approximation) | €5,761 | €23,989 | €29,085 | €6,197 | -€4,290 | ▼ 169% |
| Investment in fixed assets (approximation) | - | -€1,868 | -€1,019 | -€28,117 | -€3,646 | ▲ 87.0% |
| Change in cash | - | €19,528 | -€98,919 | -€4,316 | -€10,789 | ▼ 150% |
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
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Weakest financial yearnet -€14,698
Net result drops to -€14,698, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Equity above €150,000Eq €150,964 ▲1.1%
6 profitable years in a row build equity to €150,964.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
31-12
Financial
Highest result since 2018net €27,894 ▲38%
Operating result €43,038, net result €27,894, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 16.36
Current ratio from 5.24 to 16.36; short-term debt falls from €48,535 to €13,707.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Bierbeek · 2 establishment units since 2007
Ground area
2,808 m²
Building footprint
286 m²
Volume, LiDAR
2,214 m³
2 parcels, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
SDA
since 20072.160.229.590
OH - OATS
since 20212.321.670.353
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24434F0171/00S000 | Flanders | 2,335 m² | 1 · 158 m² | 11.7 m · 3 fl. |
| 24053B0185/00B002 | Flanders | 472 m² | 1 · 127 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 210 EUR awarded · 210 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 210 EUR | 210 EUR |
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBierbeek2.321.670.353
Leuven2.160.229.590
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RIEMERS
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VLAVAN
BE 0659.849.329
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G&D ELEC
BE 0665.747.127
Mons · Eq €136,515
Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,239 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
Founded20-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0887644921
Also
9925:BE0887644921
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.