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SDBR

Active
Private limited companyfounded 20232 yrs activeRue Adelin Hautfenne 21, 1330 Rixensart, BelgiumKBO/BCE: BE 1000.908.059
Summary

SDBR has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103,650 and a net result of €40,737. Its solvency ranks better than 25% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability80▼-20
Solvency47▼-30
Growth52
Track record82
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.84 against 2.07 in 2024; short-term debt: 9.9% and cash: 13% of total assets), but 77.5% 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
22.5%
Return on assets
8.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-11-2025, 71 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
71 d early
2024
45 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 58 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 8 October 2023, SDBR was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€103,650▲ 64.8%
2024 · €62,913
Total assets
€461,193▲ 281%
2024 · €121,201
Net result
€40,737▼ 33.1%
2024 · €60,913
Working capital
€38,217▼ 38.8%
2024 · €62,457
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
Line20242025
Operating result€84,796-€68,843▼ 18.8%
Net result€60,913within the sector's middle half-€40,737within the sector's middle half▼ 33.1%
Equity€62,913within the sector's middle half-€103,650within the sector's middle half▲ 64.8%
Total assets€121,201within the sector's middle half-€461,193within the sector's middle half▲ 281%
Debt€58,288-€357,543▲ 513%
Working capital€62,457within the sector's middle half-€38,217within the sector's middle half▼ 38.8%
Solvency51.9%within the sector's middle half-22.5%within the sector's middle half▼ 29.4pp
Current ratio2.07within the sector's middle half-1.84within the sector's middle half▼ 0.23
Return on assets (ROA)50.3%above the sector's middle half-8.8%within the sector's middle half▼ 41.4pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000Operating result 2024: €84,796€84,796Net result 2024: €60,913€60,913Operating result 2025: €68,843€68,843Net result 2025: €40,737€40,73720242025€0€25,000€50,000€75,000Operating result 2024: €84,796€84,800Net result 2024: €60,913€60,900Operating result 2025: €68,843€68,800Net result 2025: €40,737€40,70020242025
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €461,193
Fixed assets €377,318
Current assets €83,875
Equity and liabilities €461,193
Equity €103,650 ▲ 64.8%
Debt €357,543 ▲ 513%
Debt's share of the balance-sheet total rises from 48.1% to 77.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€124,328▲
2024 · €85,232
Cash flow
€96,221▲
2024 · €61,349
Debt to equity
3.45▲
2024 · 0.93
ROE
39.3%▼
2024 · 96.8%
Interest coverage
37.71▼
2024 · 10195.21
Debt ≤ 1 year
€45,658▼
2024 · €58,288
Debt > 1 year
€310,198
Income taxes
€17,028▼
2024 · €23,879
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,602 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
2.1% went bankrupt
0.9% stopped otherwise
97% still going

A further 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,602 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€121,201€461,193▲
Formation expenses20€456-
Fixed assets21/28-€377,318
Tangible fixed assets22/27-€377,318
Land and buildings22-€377,318
Current assets29/58€120,746€83,875▼
Amounts receivable within one year40/41€17,797€22,482▲
Trade receivables40€17,797€19,730▲
Other amounts receivable41-€2,752
Current investments50/53€100,000-
Cash at bank and in hand54/58€2,169€59,970▲
Deferred charges and accrued income490/1€781€1,423▲
Equity and liabilities
Total equity and liabilities10/49€121,201€461,193▲
Equity10/15€62,913€103,650▲
Contributions10/11€2,000€2,000=
Reserves13€60,913€101,650▲
Distributable reserves133€60,913€101,650▲
Amounts payable17/49€58,288€357,543▲
Amounts payable after more than one year17-€310,198
Financial debts170/4-€310,198
Amounts payable within one year42/48€58,288€45,658▼
Current portion of amounts payable after more than one year42-€12,862
Trade debts44€3,591€1,081▼
Suppliers440/4€3,591€1,081▼
Taxes, remuneration and social security45€37,560€31,715▼
Taxes450/3€37,560€31,715▼
Other amounts payable47/48€17,138-
Accrued charges and deferred income492/3-€1,687
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€436€55,485▲
Other operating charges640/8€1,657€2,097▲
Gross operating margin9900€86,889€126,424▲
Operating profit (loss)9901€84,796€68,843▼
Financial income75/76B€5€1,456▲
Recurring financial income75€5€1,456▲
Financial charges65/66B€8€12,535▲
Recurring financial charges65€8€3,297▲
Non-recurring financial charges66B-€9,238
Profit (loss) for the period before taxes9903€84,793€57,764▼
Income taxes67/77€23,879€17,028▼
Profit (loss) for the period9904€60,913€40,737▼
Profit (loss) for the period to be appropriated9905€60,913€40,737▼
Appropriation of the result
Profit (loss) to be appropriated9906€60,913€40,737▼
Transfer to equity691/2€60,913€40,737▼
To other reserves6921€60,913€40,737▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€436€55,485▲ 12,621%
Other operating charges640/8€1,657€2,097▲ 26.5%
Gross operating margin9900€86,889€126,424▲ 45.5%
Operating profit (loss)9901€84,796€68,843▼ 18.8%
Financial income75/76B€5€1,456▲ 28,069%
Recurring financial income75€5€1,456▲ 28,069%
Financial charges65/66B€8€12,535▲ 149,838%
Recurring financial charges65€8€3,297▲ 39,338%
Non-recurring financial charges66B-€9,238-
Profit (loss) for the period before taxes9903€84,793€57,764▼ 31.9%
Income taxes67/77€23,879€17,028▼ 28.7%
Profit (loss) for the period9904€60,913€40,737▼ 33.1%
Profit (loss) for the period to be appropriated9905€60,913€40,737▼ 33.1%
Line20242025Change
Assets
Total assets20/58€121,201€461,193▲ 281%
Formation expenses20€456--
Fixed assets21/28-€377,318-
Tangible fixed assets22/27-€377,318-
Land and buildings22-€377,318-
Current assets29/58€120,746€83,875▼ 30.5%
Amounts receivable within one year40/41€17,797€22,482▲ 26.3%
Trade receivables40€17,797€19,730▲ 10.9%
Other amounts receivable41-€2,752-
Current investments50/53€100,000--
Cash at bank and in hand54/58€2,169€59,970▲ 2,665%
Deferred charges and accrued income490/1€781€1,423▲ 82.3%
Equity and liabilities
Total equity and liabilities10/49€121,201€461,193▲ 281%
Equity10/15€62,913€103,650▲ 64.8%
Contributions10/11€2,000€2,000=
Reserves13€60,913€101,650▲ 66.9%
Distributable reserves133€60,913€101,650▲ 66.9%
Amounts payable17/49€58,288€357,543▲ 513%
Amounts payable after more than one year17-€310,198-
Financial debts170/4-€310,198-
Amounts payable within one year42/48€58,288€45,658▼ 21.7%
Current portion of amounts payable after more than one year42-€12,862-
Trade debts44€3,591€1,081▼ 69.9%
Suppliers440/4€3,591€1,081▼ 69.9%
Taxes, remuneration and social security45€37,560€31,715▼ 15.6%
Taxes450/3€37,560€31,715▼ 15.6%
Other amounts payable47/48€17,138--
Accrued charges and deferred income492/3-€1,687-
Line20242025Change
Profit (loss) for the period9904€60,913€40,737▼ 33.1%
+ Depreciation and write-downs630€436€55,485▲ 12,621%
Operating cash flow (approximation)€61,349€96,221▲ 56.8%
Change in cash-€57,801-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2025
21-11
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial Equity above €100,000Eq €103,650 ▲64.8%
2 profitable years in a row build equity to €103,650.
2024
17-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Rixensart · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,129 m²
Building footprint
160 m²
Volume, LiDAR
772 m³
Parcel 25091G0244/00L000, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
SDBR
Rue Adelin Hautfenne 21, 1330 RixensartBusiness consulting
since 20232.350.687.805
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25091G0244/00L000 Wallonia 1,129 m² 1 · 160 m² 6.7 m · 2 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.

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 40,667 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
Founded08-10-2023
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1000908059
Also 9925:BE1000908059
Registered 29-05-2024

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.