SDG
ActiveThe computed 12-month bankruptcy probability of SDG is 1.9% (moderate). The 2025 annual accounts show equity of €71k and a net result of €27k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 27711 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+9
Solvency57▼-15
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 2.0 in 2024; short-term debt: 58.7% and cash: 3.2% of total assets), and 68.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.7%
Return on assets
12%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-04-2026, 20 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
20 d early
2024
2 d early
2023
1 d early
2022
2 d early
2021
59 d late
2020
45 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€228k
EBIT margin
18.5%
Net result
€27k▲ 113%
2024 · €12k
2020: €45k
2021: €38k
2022: €36k
2023: €17k
2024: €12k
2020 → 2025
Working capital
€58k▼ 43.7%
2024 · €102k
2020: €33k
2021: €61k
2022: €91k
2023: €113k
2024: €102k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€228k
Equity€84k-€119k▲ 42.6%€136k▲ 14.3%€119k▼ 12.8%€71k▼ 40.6%
Operating result€44k-€42k▼ 3.9%€20k▼ 52.3%€13k▼ 33.7%€31k▲ 129%
Net result€38k-€36k▼ 5.1%€17k▼ 52.1%€12k▼ 26.8%€27k▲ 113%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 129% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €222k
Fixed assets
€34k▼ 28.2%
Current assets
€188k▼ 8.1%
Equity and liabilities €222k
Equity
€71k▼ 40.6%
Debt
€152k▲ 13.8%
The debt ratio rises from 52.9% to 68.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€44k▲
2024 · €32k
Cash flow
€40k▲
2024 · €32k
Solvency
31.7%▼
2024 · 47.1%
Current ratio
1.44▼
2024 · 2.00
Quick ratio
1.44▼
2024 · 2.00
Debt / equity
2.15▲
2024 · 1.12
ROE
37.8%▲
2024 · 10.5%
ROA
12.0%▲
2024 · 4.9%
Interest coverage
22.30▲
2024 · 11.15
Debt
€152k▲
2024 · €134k
Debt ≤ 1 year
€131k▲
2024 · €102k
Debt > 1 year
€21k▼
2024 · €31k
Income taxes
€9k▲
2024 · €5k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€252k€222k▼
Fixed assets21/28€48k€34k▼
Tangible fixed assets22/27€48k€34k▼
Land and buildings22€33k€28k▼
Plant, machinery and equipment23€4k€1k▼
Furniture and vehicles24€11k€6k▼
Current assets29/58€205k€188k▼
Amounts receivable within one year40/41€200k€178k▼
Trade receivables40€72k€52k▼
Other amounts receivable41€128k€126k▼
Cash at bank and in hand54/58€5k€7k▲
Deferred charges and accrued income490/1€417€3k▲
Equity and liabilities
Total equity and liabilities10/49€252k€222k▼
Equity10/15€119k€71k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€116k€68k▼
Amounts payable17/49€134k€152k▲
Amounts payable after more than one year17€31k€21k▼
Financial debts170/4€31k€21k▼
Amounts payable within one year42/48€102k€131k▲
Current portion of amounts payable after more than one year42€13k€10k▼
Trade debts44€37k€31k▼
Suppliers440/4€37k€31k▼
Taxes, remuneration and social security45€22k€15k▼
Taxes450/3€22k€15k▼
Other amounts payable47/48€30k€75k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€13k▼
Other operating charges640/8€621€935▲
Gross operating margin9900€33k€45k▲
Operating profit (loss)9901€13k€31k▲
Financial income75/76B€7k€7k▲
Recurring financial income75€7k€7k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€17k€36k▲
Income taxes67/77€5k€9k▲
Profit (loss) for the period9904€12k€27k▲
Profit (loss) for the period to be appropriated9905€12k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€146k€143k▼
Profit (loss) brought forward from the previous period14P€134k€116k▼
Profit to be distributed694/7€30k€75k▲
Return on contributions (dividend)694€30k€75k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €12k ▼26.8%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €100kEq €119k ▲42.6%
3 profitable years in a row build equity to €119k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lochristi · 1 establishment unit since 2019
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.
Nieuwstraat 549080 LochristiGround area
399 m²
Building footprint
76 m²
Volume, LiDAR
451 m³
Parcel 44034C0606/00S000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SDG
since 20192.298.764.297
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034C0606/00S000 | Flanders | 399 m² | 1 · 76 m² | 10.0 m · 2 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.
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ROBIN DAVID
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BE 0669.895.064
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GREEN NRG
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 4,784 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-09-2019
Fiscal year end30-09
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
41001General construction of residential buildings
47750Retail sale of cosmetics and toilet articles
82300Organisation of conventions and trade shows
96021Hairdressing
96022Beauty treatment
96210Hairdressing and barber services
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.