SDL-Services

Active

Private limited companyfounded 201114 yrs activeGrote Puystraat(NEE) 2, 3040 Huldenberg, BelgiumKBO/BCE: BE 0840.246.761

SDL-Services has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €176k and a net result of €8k. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 59% of 18040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2025

68 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability70▼-5

Solvency70▲+2

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €11k at 30 days acceptable

Liquidity ample (current ratio 1.84 against 1.83 in 2024; short-term debt: 53.5% and cash: 14.6% of total assets), but 54.7% of the assets are financed with debt.

How do we compute the score and the probability?

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

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

45.3%

Return on assets

2.1%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 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 filings

Deviation from the deadline

2025

39 d late

2024

47 d late

2023

30 d late

2022

31 d late

2021

17 d early

2020

19 d late

2019

25 d late

← before the deadline after the deadline →

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 months

Position in the running window

18-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€176k▲ 4.9%

2024 · €168k

2018: €69k 2019: €66k 2020: €83k 2021: €106k 2022: €122k 2023: €148k 2024: €168k

2018 → 2025

Total assets

€388k▲ 0.4%

2024 · €387k

2018: €177k 2019: €203k 2020: €279k 2021: €234k 2022: €316k 2023: €421k 2024: €387k

2018 → 2025

Net result

€8k▼ 57.4%

2024 · €19k

2018: €15k 2019: €10k 2020: €42k 2021: €30k 2022: €16k 2023: €27k 2024: €19k

2018 → 2025

Working capital

€175k▲ 0.3%

2024 · €174k

2018: €68k 2019: €63k 2020: €73k 2021: €99k 2022: €134k 2023: €159k 2024: €174k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€106k-€122k▲ 14.8%€148k▲ 22.0%€168k▲ 13.0%€176k▲ 4.9%

Operating result€47k-€24k▼ 49.6%€43k▲ 84.8%€32k▼ 27.5%€15k▼ 52.4%

Net result€30k-€16k▼ 47.2%€27k▲ 70.4%€19k▼ 28.1%€8k▼ 57.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 52% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €388k

98.6%

Fixed assets €5k▲ 127%

Current assets €383k▼ 0.4%

Equity and liabilities €388k

45.3%

54.7%

Equity €176k▲ 4.9%

Debt €212k▼ 3.1%

The debt ratio falls from 56.6% to 54.7%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€17k▼

2024 · €34k

Cash flow

€10k▼

2024 · €21k

Solvency

45.3%▲

2024 · 43.4%

Current ratio

1.84▲

2024 · 1.83

Quick ratio

0.37▲

2024 · 0.26

Debt / equity

1.21▼

2024 · 1.31

ROE

4.7%▼

2024 · 11.5%

ROA

2.1%▼

2024 · 5.0%

Interest coverage

5.88▼

2024 · 10.18

Debt

€212k▼

2024 · €219k

Debt ≤ 1 year

€208k▼

2024 · €210k

Debt > 1 year

€1k▼

2024 · €7k

Income taxes

€4k▼

2024 · €10k

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€387k€388k▲

Fixed assets21/28€2k€5k▲

Tangible fixed assets22/27€1k€5k▲

Plant, machinery and equipment23€764€0▼

Furniture and vehicles24€736€5k▲

Financial fixed assets28€900€900=

Current assets29/58€384k€383k▼

Stocks and contracts in progress3€330k€307k▼

Stocks30/36€330k€307k▼

Amounts receivable within one year40/41€17k€20k▲

Trade receivables40€5k€3k▼

Other amounts receivable41€12k€16k▲

Cash at bank and in hand54/58€37k€56k▲

Equity and liabilities

Total equity and liabilities10/49€387k€388k▲

Equity10/15€168k€176k▲

Contributions10/11€6k€6k=

Reserves13€161k€170k▲

Distributable reserves133€161k€170k▲

Amounts payable17/49€219k€212k▼

Amounts payable after more than one year17€7k€1k▼

Financial debts170/4€7k€1k▼

Amounts payable within one year42/48€210k€208k▼

Current portion of amounts payable after more than one year42€6k€6k▲

Financial debts43€32k€32k=

Other loans439€32k€32k=

Trade debts44€11k€14k▲

Suppliers440/4€11k€14k▲

Taxes, remuneration and social security45€17k€23k▲

Taxes450/3€17k€23k▲

Other amounts payable47/48€144k€132k▼

Accrued charges and deferred income492/3€2k€3k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼

Other operating charges640/8-€28

Gross operating margin9900€34k€17k▼

Operating profit (loss)9901€32k€15k▼

Financial income75/76B€586€286▼

Recurring financial income75€586€286▼

Financial charges65/66B€3k€3k▼

Recurring financial charges65€3k€3k▼

Profit (loss) for the period before taxes9903€29k€12k▼

Income taxes67/77€10k€4k▼

Profit (loss) for the period9904€19k€8k▼

Profit (loss) for the period to be appropriated9905€19k€8k▼

Appropriation of the result

Profit (loss) to be appropriated9906€19k€8k▼

Transfer to equity691/2€19k€8k▼

To other reserves6921€19k€8k▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

08-09

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 39 days late

2025

31-12

Financial Weakest financial yearnet €8k ▼57.4%

Net result drops to €8k, the lowest in the series.

16-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 47 days late

2024

31-12

Financial Equity above €150kEq €168k ▲13%

7 profitable years in a row build equity to €168k.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

14-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Equity above €100kEq €106k ▲27.7%

4 profitable years in a row build equity to €106k.

19-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 19 days late

2020

31-12

Financial Highest result since 2018net €42k ▲301%

Operating result €61k, net result €42k, both a record.

25-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 25 days late

2019

18-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

01-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 1 day late

2017

11-07

NBB filing Annual accounts filed

fiscal year 2016 · 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, Huldenberg · 1 establishment unit since 2011

establishment The establishment unit on the map

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.

Grote Puystraat(NEE) 23040 Huldenberg

Ground area

2,797 m²

Building footprint

934 m²

Volume, LiDAR

11,338 m³

2 parcels, Flanders · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

CYCLIC

Oppemstraat 12, 3080 TervurenManufacture of other transport equipment

since 20112.203.341.934

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24302D0013/00W000	Flanders	1,870 m²	1 · 702 m²	17.2 m · 5 fl.
24075B0118/00F000 ProtectedTownscape or village viewKasteel d’ Overschie met omgevingSource ↗	Flanders	927 m²	1 · 233 m²	7.9 m · 2 fl.