SDM ENGINEERING
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 09-09-2025, 132 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2024
132 d late
2023
36 d early
2022
31 d early
2021
186 d late
2020
112 d early
2019
34 d early
2018
68 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 5 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€3.8m▲ 5.3%
2023 · €3.6m
Total assets
€3.8m▲ 2.0%
2023 · €3.8m
Net result
€192,195
2023 · -€320,073
Working capital
€3.8m▲ 5.6%
2023 · €3.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€545,113-€176,832▲ 67.6%€301,034-€68,251€184,671
Net result-€540,070-€181,094▲ 66.5%€297,121-€320,073€192,195
Equity€4.0m▼ 20.7%€3.6m▼ 8.9%€3.9m▲ 8.2%€3.6m▼ 8.2%€3.8m▲ 5.3%
Total assets€4.0m▼ 23.2%€3.8m▼ 7.0%€4.2m▲ 10.6%€3.8m▼ 9.7%€3.8m▲ 2.0%
Debt€72,587▼ 71.7%€141,798▲ 95.3%€242,925▲ 71.3%€160,870▼ 33.8%€44,503▼ 72.3%
Working capital€1.1m▲ 68.2%€1.3m▲ 16.1%€1.6m▲ 24.4%€3.6m▲ 124%€3.8m▲ 5.6%
Staff (FTE)1=1=0.2▼ 80.0%0▼ 100%0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €184,671 after a loss of €68,251 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.8m
Fixed assets
€28,007 ▼ 20.9%
Current assets
€3.8m ▲ 2.2%
Equity and liabilities €3.8m
Equity
€3.8m ▲ 5.3%
Debt
€44,503 ▼ 72.3%
Debt's share of the balance-sheet total falls from 4.3% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€192,082▲
2023 · -€57,370
Cash flow
€199,607▲
2023 · -€309,193
Current ratio
85.60▲
2023 · 23.16
Debt to equity
0.01▼
2023 · 0.04
ROE
5.1%▲
2023 · -8.9%
ROA
5.0%▲
2023 · -8.5%
Interest coverage
37.04▲
2023 · -5.79
Debt ≤ 1 year
€44,503▼
2023 · €160,870
Income taxes
€299▲
2023 · €270
Staff costs
€24,710▲
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €47,838 | €140,872 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €53,077 | €14,569 | €0 | €24,710 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,544 | €31,187 | €13,929 | €10,881 | €7,412 | ▼ 31.9% |
| Other operating charges640/8 | - | €219,888 | €3,123 | €9,762 | €1,875 | ▼ 80.8% |
| Non-recurring operating charges66A | - | €728,959 | €5,470 | €0 | - | - |
| Gross operating margin9900 | €713,593 | €856,279 | €338,124 | -€47,607 | €218,667 | ▲ 559% |
| Operating profit (loss)9901 | -€545,113 | -€176,832 | €301,034 | -€68,251 | €184,671 | ▲ 371% |
| Financial income75/76B | - | €1,761 | €0 | €59,361 | €13,010 | ▼ 78.1% |
| Recurring financial income75 | €11,617 | €1,761 | €0 | €59,361 | €13,010 | ▼ 78.1% |
| Financial charges65/66B | - | €6,023 | €3,913 | €310,914 | €5,186 | ▼ 98.3% |
| Recurring financial charges65 | €5,240 | €6,023 | €3,913 | €9,914 | €5,186 | ▼ 47.7% |
| Non-recurring financial charges66B | - | - | - | €301,000 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€538,736 | -€181,094 | €297,121 | -€319,804 | €192,495 | ▲ 160% |
| Income taxes67/77 | €1,334 | €0 | - | €270 | €299 | ▲ 11.1% |
| Profit (loss) for the period9904 | -€540,070 | -€181,094 | €297,121 | -€320,073 | €192,195 | ▲ 160% |
| Profit (loss) for the period to be appropriated9905 | -€540,070 | -€181,094 | €297,121 | -€320,073 | €192,195 | ▲ 160% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.0m | €3.8m | €4.2m | €3.8m | €3.8m | ▲ 2.0% |
| Fixed assets21/28 | €2.9m | €2.3m | €2.3m | €35,419 | €28,007 | ▼ 20.9% |
| Intangible fixed assets21 | - | - | - | €10,635 | €8,597 | ▼ 19.2% |
| Tangible fixed assets22/27 | €467,536 | €38,016 | €24,087 | €16,157 | €10,783 | ▼ 33.3% |
| Land and buildings22 | - | €0 | - | - | - | - |
| Plant, machinery and equipment23 | - | €3,398 | €2,104 | €993 | €468 | ▼ 52.9% |
| Furniture and vehicles24 | - | €34,618 | €21,983 | €15,163 | €10,315 | ▼ 32.0% |
| Financial fixed assets28 | €2.4m | €2.3m | €2.3m | €8,627 | €8,627 | = |
| Current assets29/58 | €1.2m | €1.4m | €1.8m | €3.7m | €3.8m | ▲ 2.2% |
| Stocks and contracts in progress3 | - | - | €239,579 | €166,309 | €0 | ▼ 100% |
| Contracts in progress37 | - | - | €239,579 | €166,309 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €401,768 | €555,580 | €427,893 | €794,930 | €167,747 | ▼ 78.9% |
| Trade receivables40 | - | €386,381 | €213,258 | €120,220 | €1,923 | ▼ 98.4% |
| Other amounts receivable41 | - | €169,199 | €214,635 | €674,710 | €165,824 | ▼ 75.4% |
| Current investments50/53 | €306,181 | €367,898 | €397,898 | €0 | - | - |
| Cash at bank and in hand54/58 | €464,688 | €492,003 | €754,465 | €2.7m | €3.6m | ▲ 32.3% |
| Deferred charges and accrued income490/1 | - | €3,365 | €11,188 | €15,810 | €4,412 | ▼ 72.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.0m | €3.8m | €4.2m | €3.8m | €3.8m | ▲ 2.0% |
| Equity10/15 | €4.0m | €3.6m | €3.9m | €3.6m | €3.8m | ▲ 5.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €61,500 | €61,500 | = |
| Outside capital11 | - | - | - | €0 | - | - |
| Other1109/19 | - | - | - | €0 | - | - |
| Reserves13 | €118,392 | €68,392 | €68,392 | €66,532 | €66,532 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | €66,532 | €66,532 | €66,532 | €66,532 | = |
| Profit (loss) carried forward14 | €3.8m | €3.5m | €3.8m | €3.5m | €3.7m | ▲ 5.5% |
| Amounts payable17/49 | €72,587 | €141,798 | €242,925 | €160,870 | €44,503 | ▼ 72.3% |
| Amounts payable within one year42/48 | €72,587 | €141,798 | €242,925 | €160,870 | €44,503 | ▼ 72.3% |
| Trade debts44 | €7,033 | €122,277 | €242,684 | €150,569 | €2,893 | ▼ 98.1% |
| Suppliers440/4 | - | €122,277 | €242,684 | €150,569 | €2,893 | ▼ 98.1% |
| Taxes, remuneration and social security45 | - | €19,521 | €241 | €10,301 | €41,610 | ▲ 304% |
| Taxes450/3 | - | €13,101 | €241 | €10,301 | €41,610 | ▲ 304% |
| Remuneration and social security454/9 | - | €6,420 | €0 | - | - | - |
| Other amounts payable47/48 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€540,070 | -€181,094 | €297,121 | -€320,073 | €192,195 | ▲ 160% |
| + Depreciation and write-downs630 | €56,544 | €31,187 | €13,929 | €10,881 | €7,412 | ▼ 31.9% |
| Operating cash flow (approximation) | -€483,526 | -€149,907 | €311,050 | -€309,193 | €199,607 | ▲ 165% |
| Investment in fixed assets (approximation) | - | €498,333 | €0 | €2.3m | €0 | ▼ 100% |
| Change in cash | - | €27,315 | €262,462 | €2.0m | €888,130 | ▼ 55.5% |
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
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 132 days late
2024
30-09
Financial
Back to profitnet €192,195
Net result €192,195 after one loss-making year.
30-09
Financial
Liquidity quadruplescurrent ratio 85.60
Current ratio from 23.16 to 85.60; short-term debt falls from €160,870 to €44,503.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 23.16
Current ratio from 7.54 to 23.16; short-term debt falls from €242,925 to €160,870.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 186 days late
31-05
Financial
Back to profitnet €297,121
Net result €297,121 after 2 loss-making years.
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-05
Financial
Weakest financial yearnet -€540,070
Net result drops to -€540,070, the lowest in the series.
31-05
Financial
Liquidity triplescurrent ratio 16.15
Current ratio from 4.87 to 16.15; short-term debt falls from €168,772 to €72,587.
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
20-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
25-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-05-2022 list no shareholders, and no other source names one.
Holdings 1
-
99.93%
According to the annual accounts to 31-05-2022 of SDM ENGINEERING 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.