SDB-VASTGOED
ActiveSDB-VASTGOED has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9k and a net result of €6k. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 39% of 19348 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84▼-16
Solvency44▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.73 against 1.09 in 2023; short-term debt: 81.1% and cash: 27% of total assets), and 81.1% of the assets are financed with debt.
Credit advice for your own amount and term
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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
18.9%
Return on assets
12%
Age of the figures
21 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 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 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
not confirmed
2024
25 d late
2023
60 d late
2022
88 d late
2021
30 d late
2020
31 d late
2019
69 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€9k▲ 173%
2023 · €3k
2018: €-97k
2019: €-96k
2020: €-89k
2021: €-90k
2022: €-75k
2023: €3k
2018 → 2024
Total assets
€50k▲ 74.0%
2023 · €29k
2018: €243k
2019: €230k
2020: €230k
2021: €230k
2022: €29k
2023: €29k
2018 → 2024
Net result
€6k▼ 92.4%
2023 · €79k
2018: €-9k
2019: €2k
2020: €7k
2021: €-2k
2022: €15k
2023: €79k
2018 → 2024
Working capital
€-11k
2023 · €2k
2018: €-106k
2019: €-106k
2020: €-101k
2021: €-105k
2022: €-77k
2023: €2k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-89k-€-90k▼ 2.0%€-75k▲ 16.7%€3k€9k▲ 173%
Operating result€12k-€1k▼ 89.3%€16k▲ 1,124%€79k▲ 403%€8k▼ 89.7%
Net result€7k-€-2k€15k€79k▲ 420%€6k▼ 92.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 90% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €50k
Fixed assets
€20k▲ 1,512%
Current assets
€29k▲ 7.4%
Equity and liabilities €50k
Equity
€9k▲ 173%
Debt
€40k▲ 60.4%
The debt ratio falls from 88.0% to 81.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12k▼
2023 · €80k
Cash flow
€10k▼
2023 · €80k
Solvency
18.9%▲
2023 · 12.0%
Current ratio
0.73▼
2023 · 1.09
Quick ratio
0.73▼
2023 · 1.09
Debt / equity
4.30▼
2023 · 7.34
ROE
63.4%
ROA
12.0%▼
2023 · 274.9%
Interest coverage
83.01▼
2023 · 1008.98
Debt
€40k▲
2023 · €25k
Debt ≤ 1 year
€40k▲
2023 · €25k
Income taxes
€2k▲
2023 · €139
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€29k€50k▲
Fixed assets21/28€1k€20k▲
Intangible fixed assets21-€17k
Tangible fixed assets22/27€1k€3k▲
Plant, machinery and equipment23€1k€761▼
Furniture and vehicles24€134€3k▲
Current assets29/58€27k€29k▲
Amounts receivable within one year40/41€13k€14k▲
Trade receivables40€10k€12k▲
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€12k€13k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€29k€50k▲
Equity10/15€3k€9k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-15k€-9k▲
Amounts payable17/49€25k€40k▲
Amounts payable within one year42/48€25k€40k▲
Trade debts44€7k€8k▲
Suppliers440/4€7k€8k▲
Advances received on contracts in progress46€1k€8k▲
Taxes, remuneration and social security45€381€3k▲
Taxes450/3€381€3k▲
Other amounts payable47/48€17k€21k▲
Income statement
Code20232024
Non-recurring operating income76A€11k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€869€4k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€82k€13k▼
Operating profit (loss)9901€79k€8k▼
Financial income75/76B-€29
Recurring financial income75-€29
Financial charges65/66B€79€144▲
Recurring financial charges65€79€144▲
Profit (loss) for the period before taxes9903€79k€8k▼
Income taxes67/77€139€2k▲
Profit (loss) for the period9904€79k€6k▼
Profit (loss) for the period to be appropriated9905€79k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-9k▲
Profit (loss) brought forward from the previous period14P€-94k€-15k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
31-12
Financial
Highest result since 2018net €79k ▲420%
Operating result €79k, net result €79k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 1.09
Current ratio from 0.25 to 1.09; short-term debt falls from €104k to €25k.
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 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.
Directors · office · real estate
Directors
4 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, Ninove · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Centrumlaan 189400 NinoveGround area
1,281 m²
Building footprint
239 m²
Volume, LiDAR
4,129 m³
Parcel 41362B1059/02T000, Flanders · tallest building 23.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
SDB-VASTGOED
since 20142.227.555.114
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B1059/02T000 | Flanders | 1,281 m² | 1 · 239 m² | 23.0 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,753 EUR awarded · 1,753 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 242 EUR | 242 EUR |
| 2024 | 1 | 195 EUR | 195 EUR |
| 2023 | 1 | 906 EUR | 906 EUR |
| 2022 | 1 | 410 EUR | 410 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,751 companies in sector 68310 we hold annual accounts for 6,908. 2,853 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-2014
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:steven@denderimmo.be
Phone:+32475871919