SDHub
ActiveSummary
SDHub has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €188,388 and a net result of €32,634. Equity is growing by ~43.4% per year across the filed fiscal years. Its solvency ranks better than 28% 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
Profitability62▼-38
Solvency51▼-49
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.59 against 3.92 in 2024; short-term debt: 14.3% and cash: 1.9% of total assets), and 73.6% of the assets are financed with debt.
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Signals
Four 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 · 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
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
26.4%
Return on assets
4.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 5 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
2023
23 d early
2022
31 d late
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 19 days after 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.
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
Equity
€188,388▲ 21.0%
2024 · €155,755
Total assets
€713,208▲ 258%
2024 · €199,213
Net result
€32,634▼ 48.3%
2024 · €63,119
Working capital
-€41,672
2024 · €127,085
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€39,420-€48,891▲ 24.0%€38,611▼ 21.0%€84,783▲ 120%€60,186▼ 29.0%
Net result€29,744within the sector's middle half-€37,415within the sector's middle half▲ 25.8%€26,677within the sector's middle half▼ 28.7%€63,119within the sector's middle half▲ 137%€32,634within the sector's middle half▼ 48.3%
Equity€30,144within the sector's middle half-€65,958within the sector's middle half▲ 119%€92,635within the sector's middle half▲ 40.4%€155,755within the sector's middle half▲ 68.1%€188,388within the sector's middle half▲ 21.0%
Total assets€60,237below the sector's middle half-€94,672within the sector's middle half▲ 57.2%€124,592within the sector's middle half▲ 31.6%€199,213within the sector's middle half▲ 59.9%€713,208above the sector's middle half▲ 258%
Debt€30,093-€28,713▼ 4.6%€31,957▲ 11.3%€43,458▲ 36.0%€524,819▲ 1,108%
Working capital€30,144within the sector's middle half-€65,958within the sector's middle half▲ 119%€61,318within the sector's middle half▼ 7.0%€127,085within the sector's middle half▲ 107%-€41,672below the sector's middle half
Solvency50.0%within the sector's middle half-69.7%within the sector's middle half▲ 19.6pp74.4%within the sector's middle half▲ 4.7pp78.2%within the sector's middle half▲ 3.8pp26.4%within the sector's middle half▼ 51.8pp
Current ratio2.00within the sector's middle half-3.30within the sector's middle half▲ 1.302.92within the sector's middle half▼ 0.383.92within the sector's middle half▲ 1.010.59below the sector's middle half▼ 3.33
Return on assets (ROA)49.4%above the sector's middle half-39.5%above the sector's middle half▼ 9.9pp21.4%within the sector's middle half▼ 18.1pp31.7%within the sector's middle half▲ 10.3pp4.6%within the sector's middle half▼ 27.1pp
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
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €713,208
Fixed assets
€653,055 ▲ 2,178%
Current assets
€60,153 ▼ 64.7%
Equity and liabilities €713,208
Equity
€188,388 ▲ 21.0%
Debt
€524,819 ▲ 1,108%
Debt's share of the balance-sheet total rises from 21.8% to 73.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€64,976▼
2024 · €88,881
Cash flow
€37,425▼
2024 · €67,217
Debt to equity
2.79▲
2024 · 0.28
ROE
17.3%▼
2024 · 40.5%
Interest coverage
4.52▼
2024 · 20.33
Debt ≤ 1 year
€101,825▲
2024 · €43,458
Debt > 1 year
€422,994
Income taxes
€13,252▼
2024 · €17,313
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,754 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,175 | - | €2,540 | €4,098 | €4,791 | ▲ 16.9% |
| Other operating charges640/8 | €336 | €512 | €871 | €873 | €1,702 | ▲ 94.9% |
| Gross operating margin9900 | €40,931 | €49,403 | €42,023 | €89,754 | €66,678 | ▼ 25.7% |
| Operating profit (loss)9901 | €39,420 | €48,891 | €38,611 | €84,783 | €60,186 | ▼ 29.0% |
| Financial income75/76B | €3 | €0 | - | €20 | €65 | ▲ 223% |
| Recurring financial income75 | €3 | €0 | - | €20 | €65 | ▲ 223% |
| Financial charges65/66B | €1,416 | €1,294 | €4,121 | €4,372 | €14,365 | ▲ 229% |
| Recurring financial charges65 | €1,416 | €1,294 | €4,121 | €4,372 | €14,365 | ▲ 229% |
| Profit (loss) for the period before taxes9903 | €38,007 | €47,597 | €34,490 | €80,432 | €45,885 | ▼ 43.0% |
| Income taxes67/77 | €8,264 | €10,182 | €7,813 | €17,313 | €13,252 | ▼ 23.5% |
| Profit (loss) for the period9904 | €29,744 | €37,415 | €26,677 | €63,119 | €32,634 | ▼ 48.3% |
| Profit (loss) for the period to be appropriated9905 | €29,744 | €37,415 | €26,677 | €63,119 | €32,634 | ▼ 48.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,237 | €94,672 | €124,592 | €199,213 | €713,208 | ▲ 258% |
| Fixed assets21/28 | - | - | €31,318 | €28,670 | €653,055 | ▲ 2,178% |
| Tangible fixed assets22/27 | - | - | €31,318 | €28,670 | €31,555 | ▲ 10.1% |
| Land and buildings22 | - | - | €19,115 | €18,526 | €17,937 | ▼ 3.2% |
| Furniture and vehicles24 | - | - | €12,203 | €10,144 | €13,618 | ▲ 34.2% |
| Financial fixed assets28 | - | - | - | - | €621,500 | - |
| Current assets29/58 | €60,237 | €94,672 | €93,275 | €170,543 | €60,153 | ▼ 64.7% |
| Amounts receivable within one year40/41 | €12,351 | €13,547 | €28,695 | €28,008 | €41,042 | ▲ 46.5% |
| Trade receivables40 | €12,003 | €13,511 | €28,615 | €27,919 | €31,379 | ▲ 12.4% |
| Other amounts receivable41 | €348 | €37 | €80 | €89 | €9,663 | ▲ 10,727% |
| Current investments50/53 | - | - | - | - | €0 | - |
| Cash at bank and in hand54/58 | €38,010 | €74,056 | €60,301 | €135,672 | €13,313 | ▼ 90.2% |
| Deferred charges and accrued income490/1 | €9,875 | €7,069 | €4,279 | €6,863 | €5,798 | ▼ 15.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,237 | €94,672 | €124,592 | €199,213 | €713,208 | ▲ 258% |
| Equity10/15 | €30,144 | €65,958 | €92,635 | €155,755 | €188,388 | ▲ 21.0% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | - | €90,635 | €153,755 | €186,388 | ▲ 21.2% |
| Distributable reserves133 | - | - | €90,635 | €153,755 | €186,388 | ▲ 21.2% |
| Profit (loss) carried forward14 | €28,144 | €63,958 | - | - | - | - |
| Amounts payable17/49 | €30,093 | €28,713 | €31,957 | €43,458 | €524,819 | ▲ 1,108% |
| Amounts payable after more than one year17 | - | - | - | - | €422,994 | - |
| Financial debts170/4 | - | - | - | - | €422,994 | - |
| Amounts payable within one year42/48 | €30,093 | €28,713 | €31,957 | €43,458 | €101,825 | ▲ 134% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €68,384 | - |
| Financial debts43 | - | - | - | €5,071 | €12,971 | ▲ 156% |
| Credit institutions430/8 | - | - | - | €5,071 | €12,971 | ▲ 156% |
| Trade debts44 | €13,008 | €4,712 | €2,325 | €7,468 | €830 | ▼ 88.9% |
| Suppliers440/4 | €13,008 | €4,712 | €2,325 | €7,468 | €830 | ▼ 88.9% |
| Taxes, remuneration and social security45 | €15,415 | €21,597 | €28,386 | €29,603 | €19,640 | ▼ 33.7% |
| Taxes450/3 | €15,415 | €21,597 | €28,386 | €29,603 | €19,640 | ▼ 33.7% |
| Other amounts payable47/48 | €1,670 | €2,405 | €1,246 | €1,317 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,744 | €37,415 | €26,677 | €63,119 | €32,634 | ▼ 48.3% |
| + Depreciation and write-downs630 | €1,175 | - | €2,540 | €4,098 | €4,791 | ▲ 16.9% |
| Operating cash flow (approximation) | €30,919 | €37,415 | €29,218 | €67,217 | €37,425 | ▼ 44.3% |
| Investment in fixed assets (approximation) | - | - | - | -€1,450 | -€629,176 | ▼ 43,305% |
| Change in cash | - | €36,045 | -€13,754 | €75,371 | -€122,360 | ▼ 262% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2021net €63,119 ▲137%
Operating result €84,783, net result €63,119, both a record.
31-12
Financial
Equity above €150,000Eq €155,755 ▲68.1%
4 profitable years in a row build equity to €155,755.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €26,677 ▼28.7%
Net result drops to €26,677, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
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, Jabbeke · 1 establishment unit since 2020
Ground area
759 m²
Building footprint
230 m²
Volume, LiDAR
975 m³
Parcel 31012B0384/00C000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SDHub
since 20202.306.719.683
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31012B0384/00C000 | Flanders | 759 m² | 1 · 230 m² | 6.5 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
10%
According to the 2025 annual accounts of SDHub and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 40,285 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
Founded07-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
41001General construction of residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
55100Hotels and similar accommodation
63910Web portal activities
63920Other information service activities
71111Activities of building architects
73300Public relations and communication consultancy
74120Graphic design and visual communication
74999Other professional, scientific and technical activities
82990Other business support services
Contact
Website
www.rawmarketing.be
E-mail
hallo@rawmarketing.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0753759482
Also
9925:BE0753759482
Registered
31-10-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.