Debts
€301,569 97% of the balance sheet
Financial debts 75%Suppliers 4%Taxes and wages 2%Other 19%
Of this, €74,177 falls due within a year.
SDB-VASTGOED
Lifetime
11 annual accounts with figures on one time axispeak €81,626 (2023)
€23,277▲ 76.1%
lowest -€48,269 (2017)
-€485▼ €6,449
peak €9,401 (2024)
€8,916▼ 5.2%
€301,569▲ 646%
Board1 name since 2014
1 directorDe Braekeleer Steven
Documentsfilings and deeds
23-09-202654 days late
2025micro format
Gross margin from €13,216 to €23,277Loss of €485Debts from €40,446 to €301,569Investments €259,084Cash from €13,452 to €31,395
Key points
from the 2025 annual accountsInvestments
€259,084 17.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 162.7% higher than in 2024.
Filings
11 annual accounts since 2015
Ten of the last ten came late. The 2022 accounts came latest: 88 days after the end of the period.
Checked score
55
Fair
Financially stronger than 40% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.5%▼ -0.1 percentage points vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.6%▲ +0.1 percentage points vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.5%▼ -0.1 percentage points vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.1 percentage points vs 07-2025
09-2025: 0.5%▼ -0.2 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025lowest value
02-2026: 0.9%▲ +0.4 percentage points vs 01-2026
03-2026: 0.8%▼ -0.1 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.9%▲ +0.1 percentage points vs 04-2026
06-2026: 0.8%▼ -0.1 percentage points vs 05-2026
07-2026: 0.9%▲ +0.1 percentage points vs 06-2026
08-2026: 1.2%▲ +0.3 percentage points vs 07-2026
09-2026: 1.4%▲ +0.2 percentage points vs 08-2026
10-2026: 1.6%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 1.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 54 days late; 2 of the last 3 accounts late
1 change of registered office in 24 months
Equity €8,916 (2.9% of total assets)
lowers risk
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 23% of them on solvency, 64% on liquidity, 40% on profitability and 34% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,037 companies had the same profile as SDB-VASTGOED has now. Each dot stands for 3 companies, two years later.
93.7%
were still trading
2.9%
stopped another way
2.9%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SDB-VASTGOED itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,037 companies, not a prediction for SDB-VASTGOED. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 17194 sector peers (2025).
NBB · sector comparisonPosition among 17194 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · 2025 accounts filed 54 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
54 days late
2024
25 days late
2023
60 days late
2022
88 days late
2021
30 days late
2020
31 days late
2019
69 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 51 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Haaltert to Ninove
New registered office: Centrumlaan 18 te 9400 Ninove · Previous registered office: Wilgenstraat 15 bus 4 te 9450 Haaltert · General meeting of 25-09-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0544486734
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Ninove
Resignation: De Braekeleer Steven (manager)
Reappointment: De Braekeleer Steven (director) · Director discharge: De Braekeleer Steven (manager) · General meeting of 31-05-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SDB-VASTGOED Ninove | €310,485 | €23,277 | 2.9% | - |
| LIMMON Anzegem | €337,895 | €18,924 | 70.3% | - |
| MAMARES De Haan | €362,968 | €22,806 | 50.7% | - |
| Vastgoed Gaeremynck Avelgem | €301,517 | €30,566 | 39.1% | - |
| DE SPIEGELAERE – WILLEMS REAL ESTATE INVEST Sint-Laureins | €403,440 | €30,152 | 41.2% | - |
| Vivesco Destelbergen | €217,672 | €27,004 | 82.8% | - |
| PETRA WEALTH ADVISORS Oosterzele | €473,686 | €22,161 | -49.8% | 0 |
These companies have the same main activity as SDB-VASTGOED: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €218,000 and €474,000, founded between 2012 and 2015.
Official details
Source: KBO- Status
- Active since 17-01-2014Normal situation
- Activity
- Real estate agency activitiesNACE 68310and 3 others
- Establishment unit
- 2.227.555.1149400 Ninove, since 17-01-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 25-08-2025
Insights on SDB-VASTGOED
SDB-VASTGOED files the micro format. That format states no turnover. The gross margin rose from -€562 in 2015 to €23,277 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SDB-VASTGOED
- What is the company number of SDB-VASTGOED?
- The company number of SDB-VASTGOED is 0544.486.734. The VAT number is the same number with BE in front: BE 0544.486.734.
- Where is SDB-VASTGOED based?
- The registered office is at Centrumlaan 18, 9400 Ninove.Company details
- What does SDB-VASTGOED do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of SDB-VASTGOED?
- SDB-VASTGOED is a private limited company (BV).
- When was SDB-VASTGOED founded?
- SDB-VASTGOED was founded on 17-01-2014.
- Is SDB-VASTGOED still active?
- Yes, SDB-VASTGOED is an active enterprise in the KBO register.
- What is the turnover of SDB-VASTGOED?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €23,277 and 37 comparable companies (NACE 68310). It probably lies between €34,000 and €170,000. It is a rough estimate.Financials
- Is SDB-VASTGOED profitable?
- In financial year 2025, SDB-VASTGOED made a loss of €485.
- Where can I find the annual accounts of SDB-VASTGOED?
- SDB-VASTGOED filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SDB-VASTGOED due?
- SDB-VASTGOED must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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