SDM
Open bankruptcyA bankruptcy procedure is open for SDM according to publications in the Belgian State Gazette; curator: VIRGINIE BAILLEUL. The 2024 annual accounts show equity of €158k and a net result of €19k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
19 d early
2022
13 d early
2021
16 d late
2020
19 d early
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€158k▲ 13.6%
2023 · €139k
2018: €37k
2019: €60k
2020: €76k
2021: €93k
2022: €120k
2023: €139k
2018 → 2024
Total assets
€181k▲ 3.9%
2023 · €174k
2018: €66k
2019: €86k
2020: €112k
2021: €126k
2022: €149k
2023: €174k
2018 → 2024
Net result
€19k▼ 2.9%
2023 · €20k
2018: €141
2019: €23k
2020: €16k
2021: €17k
2022: €26k
2023: €20k
2018 → 2024
Working capital
€159k▲ 11.3%
2023 · €142k
2018: €31k
2019: €56k
2020: €85k
2021: €95k
2022: €120k
2023: €142k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€76k-€93k▲ 23.0%€120k▲ 28.4%€139k▲ 16.3%€158k▲ 13.6%
Operating result€6k-€23k▲ 281%€36k▲ 60.5%€27k▼ 25.5%€24k▼ 12.2%
Net result€16k-€17k▲ 12.2%€26k▲ 51.8%€20k▼ 26.3%€19k▼ 2.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 12% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €181k
Fixed assets
€270
Current assets
€181k
Equity and liabilities €181k
Equity
€158k▲ 13.6%
Debt
€23k▼ 34.6%
The debt ratio falls from 20.1% to 12.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k
Cash flow
€19k
Solvency
87.3%▲
2023 · 79.9%
Current ratio
8.11▲
2023 · 5.47
Quick ratio
8.11▲
2023 · 5.47
Debt / equity
0.15▼
2023 · 0.25
ROE
12.0%▼
2023 · 14.0%
ROA
10.5%▼
2023 · 11.2%
Interest coverage
9.48
Debt
€23k▼
2023 · €35k
Debt ≤ 1 year
€22k▼
2023 · €32k
Debt > 1 year
€668▼
2023 · €3k
Income taxes
€6k▼
2023 · €9k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€174k€181k▲
Fixed assets21/28-€270
Tangible fixed assets22/27-€270
Plant, machinery and equipment23-€270
Current assets29/58€174k€181k▲
Amounts receivable after more than one year29€168k€171k▲
Other amounts receivable291€168k€171k▲
Amounts receivable within one year40/41€4k€10k▲
Trade receivables40-€6k
Other amounts receivable41€4k€4k▲
Cash at bank and in hand54/58€3k€99▼
Equity and liabilities
Total equity and liabilities10/49€174k€181k▲
Equity10/15€139k€158k▲
Contributions10/11€6k€6k=
Reserves13€133k€152k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€131k€150k▲
Amounts payable17/49€35k€23k▼
Amounts payable after more than one year17€3k€668▼
Financial debts170/4€3k€668▼
Amounts payable within one year42/48€32k€22k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€1k€4k▲
Suppliers440/4€1k€4k▲
Advances received on contracts in progress46€2k-
Taxes, remuneration and social security45€24k€13k▼
Taxes450/3€24k€11k▼
Remuneration and social security454/9-€2k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€101
Other operating charges640/8€643€899▲
Gross operating margin9900€28k€25k▼
Operating profit (loss)9901€27k€24k▼
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€29k€25k▼
Income taxes67/77€9k€6k▼
Profit (loss) for the period9904€20k€19k▼
Profit (loss) for the period to be appropriated9905€20k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€19k▼
Transfer to equity691/2€20k€19k▼
To other reserves6921€20k€19k▼
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
2026
12-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · SDM BV GROENINGE- STRAAT 27, 8870 IZEGEM · event 06-01-2026
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €158k ▲13.6%
7 profitable years in a row build equity to €158k.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €26k ▲51.8%
Operating result €36k, net result €26k, both a record.
31-12
Financial
Equity above €100kEq €120k ▲28.4%
5 profitable years in a row build equity to €120k.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Izegem · 1 establishment unit since 2016
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.
Groeningestraat 278870 IzegemGround area
117 m²
Building footprint
102 m²
Volume, LiDAR
438 m³
Parcel 36008C0197/00Z010, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Groeningestraat 27, 8870 Izegem
since 20162.251.876.378
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008C0197/00Z010 | Flanders | 117 m² | 1 · 102 m² | 7.3 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VIRGINIE BAILLEUL PRINSESSESTRAAT 103,
8870 IZEGEM |
06-01-2026 → present |
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Of 24,501 companies in sector 82990 we hold annual accounts for 9,399. 7,100 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-04-2016
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
49410Freight transport by road
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.