SDAC
ActiveSummary
SDAC has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€65,393) and a net result of €172. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 5% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+28
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 2025Age of the figures
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 5%
← weakest
strongest →
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
35 d early
2023
28 d late
2022
14 d late
2021
31 d late
2020
31 d late
2019
67 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 14 August (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€172▲ 43.9%
2024 · €120
Working capital
€437▼ 89.1%
2024 · €4,006
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€8,201▲ 206%€974▼ 88.1%€1,367▲ 40.3%€231▼ 83.1%€235▲ 1.4%
Net result€6,009within the sector's middle half▲ 201%€631below the sector's middle half▼ 89.5%€962below the sector's middle half▲ 52.5%€120below the sector's middle half▼ 87.6%€172below the sector's middle half▲ 43.9%
Equity-€67,278below the sector's middle half▲ 8.2%-€66,647below the sector's middle half▲ 0.9%-€65,685below the sector's middle half▲ 1.4%-€65,565below the sector's middle half▲ 0.2%-€65,393below the sector's middle half▲ 0.3%
Total assets€6,638below the sector's middle half▲ 25.9%€5,194below the sector's middle half▼ 21.8%€5,306below the sector's middle half▲ 2.2%€4,742below the sector's middle half▼ 10.6%€500below the sector's middle half▼ 89.5%
Debt€73,916▼ 5.9%€71,841▼ 2.8%€70,991▼ 1.2%€70,307▼ 1.0%€65,893▼ 6.3%
Working capital€2,401within the sector's middle half€1,039below the sector's middle half▼ 56.7%€3,919within the sector's middle half▲ 277%€4,006within the sector's middle half▲ 2.2%€437within the sector's middle half▼ 89.1%
Current ratio1.84within the sector's middle half▲ 1.311.38within the sector's middle half▼ 0.465.26above the sector's middle half▲ 3.88
Return on assets (ROA)90.5%above the sector's middle half▲ 52.6pp12.1%within the sector's middle half▼ 78.4pp18.1%within the sector's middle half▲ 6.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Key figures and ratios
Debt ≤ 1 year
€63▼
2024 · €736
Debt > 1 year
€65,831▼
2024 · €67,821
Income taxes
€63▲
2024 · €44
Ratios withheld: a balance sheet total of €500 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 3,798 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €883 | €1,351 | €967 | €468 | - | - |
| Other operating charges640/8 | - | €1,100 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €9,084 | €3,425 | €2,719 | €1,086 | €634 | ▼ 41.6% |
| Operating profit (loss)9901 | €8,201 | €974 | €1,367 | €231 | €235 | ▲ 1.4% |
| Financial charges65/66B | €4 | €113 | €54 | €68 | - | - |
| Recurring financial charges65 | €4 | €113 | €54 | €68 | - | - |
| Profit (loss) for the period before taxes9903 | €8,197 | €861 | €1,313 | €163 | €235 | ▲ 43.9% |
| Income taxes67/77 | €2,188 | €230 | €350 | €44 | €63 | ▲ 43.9% |
| Profit (loss) for the period9904 | €6,009 | €631 | €962 | €120 | €172 | ▲ 43.9% |
| Profit (loss) for the period to be appropriated9905 | €6,009 | €631 | €962 | €120 | €172 | ▲ 43.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6,638 | €5,194 | €5,306 | €4,742 | €500 | ▼ 89.5% |
| Fixed assets21/28 | €1,383 | €1,435 | €468 | - | - | - |
| Intangible fixed assets21 | - | €935 | €468 | - | - | - |
| Tangible fixed assets22/27 | €1,383 | €500 | - | - | - | - |
| Furniture and vehicles24 | €1,383 | €500 | - | - | - | - |
| Current assets29/58 | €5,254 | €3,759 | €4,839 | €4,742 | €500 | ▼ 89.5% |
| Amounts receivable within one year40/41 | €5,250 | €3,250 | €3,750 | €4,000 | - | - |
| Trade receivables40 | €5,250 | €3,250 | €3,750 | €4,000 | - | - |
| Cash at bank and in hand54/58 | €4 | €509 | €1,089 | €742 | €500 | ▼ 32.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6,638 | €5,194 | €5,306 | €4,742 | €500 | ▼ 89.5% |
| Equity10/15 | -€67,278 | -€66,647 | -€65,685 | -€65,565 | -€65,393 | ▲ 0.3% |
| Contributions10/11 | €18,642 | €18,642 | €18,642 | €18,642 | €18,642 | = |
| Reserves13 | €620 | €620 | €620 | €620 | €620 | = |
| Non-distributable reserves130/1 | €620 | €620 | €620 | €620 | €620 | = |
| Reserves not available under the articles1311 | €620 | €620 | €620 | €620 | €620 | = |
| Profit (loss) carried forward14 | -€86,539 | -€85,908 | -€84,946 | -€84,827 | -€84,655 | ▲ 0.2% |
| Amounts payable17/49 | €73,916 | €71,841 | €70,991 | €70,307 | €65,893 | ▼ 6.3% |
| Amounts payable after more than one year17 | €68,262 | €68,121 | €68,321 | €67,821 | €65,831 | ▼ 2.9% |
| Other amounts payable178/9 | €68,262 | €68,121 | €68,321 | €67,821 | €65,831 | ▼ 2.9% |
| Amounts payable within one year42/48 | €2,854 | €2,720 | €919 | €736 | €63 | ▼ 91.5% |
| Trade debts44 | - | €348 | €384 | €387 | - | - |
| Suppliers440/4 | - | €348 | €384 | €387 | - | - |
| Taxes, remuneration and social security45 | €2,854 | €2,372 | €535 | €349 | €63 | ▼ 82.1% |
| Taxes450/3 | €2,854 | €2,372 | €535 | €349 | €63 | ▼ 82.1% |
| Accrued charges and deferred income492/3 | €2,800 | €1,000 | €1,750 | €1,750 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,009 | €631 | €962 | €120 | €172 | ▲ 43.9% |
| + Depreciation and write-downs630 | €883 | €1,351 | €967 | €468 | - | - |
| Operating cash flow (approximation) | €6,893 | €1,982 | €1,930 | €587 | €172 | ▼ 70.7% |
| Investment in fixed assets (approximation) | - | -€1,402 | €0 | - | - | - |
| Change in cash | - | €505 | €580 | -€346 | -€242 | ▲ 30.0% |
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
23-09
State Gazette act
Appointment: DACI (director)Permanent representative: Adonis DACI · Resignation: Endrita Daci (director)4 facts ▸
State Gazette act
Appointment: DACI (director)
Permanent representative: Adonis DACI · Resignation: Endrita Daci (director)4 facts ▸
- General meeting, 30-06-2026
- Director appointment, DACI (director)
- Permanent representative, Adonis DACI (permanent representative)
- Director resignation, Endrita Daci (director)
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 5.26
Current ratio from 1.38 to 5.26; short-term debt falls from €2,720 to €919.
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €6,009 ▲201%
Operating result €8,201, net result €6,009, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.84
Current ratio from 0.53 to 1.84; short-term debt falls from €8,558 to €2,854.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €1,999
Net result €1,999 after 2 loss-making years.
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 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
Board 1
DACI
CurrentDirector · since 01-07-2026 · Limited partnership · perm. rep.: Adonis DACI
Permanent representatives 1
Adonis DACI
CurrentPermanent representative · since 01-07-2026 · for DACI
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 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, Brussel · 1 establishment unit since 1978
Ground area
217 m²
Building footprint
115 m²
Volume, LiDAR
1,214 m³
Parcel 21818E0204/00Y002, Brussels · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
SDAC
since 19782.015.500.642
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818E0204/00Y002 | Brussels | 217 m² | 1 · 115 m² | 12.7 m · 4 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DACI |
|
| Endrita Daci |
|
Structure & network
Connections & network
1 current directorThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-11-1978
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0418841149
Registered
31-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.