SDM PROJECTS
ActiveSummary
SDM PROJECTS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.0m and a net result of €2.2m. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 38% of 1223 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+38
Solvency62▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240,000 at 30 days acceptable
Liquidity ample (current ratio 3.29 against 2.31 in 2023; short-term debt: 29.4% and cash: 63.3% of total assets), but 62.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2024Solvency, return and age of the figures
Solvency
37.2%
Return on assets
27.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 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 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
36 d early
2022
60 d early
2021
142 d late
2020
143 d early
2019
63 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 company by total assets in Overijse, Manufacturing sector#3 company by equity in Overijse, Manufacturing sector
Equity
€3.0m▲ 5.3%
2023 · €2.8m
Total assets
€8.0m▼ 4.8%
2023 · €8.4m
Net result
€2.2m
2023 · -€383,469
Working capital
€5.4m▲ 133%
2023 · €2.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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
Line20202021202220232024
Operating result-€20,067€558,768€809,806▲ 44.9%€1.6m▲ 102%€3.3m▲ 98.6%
Net result-€32,941below the sector's middle half€409,376above the sector's middle half€600,648above the sector's middle half▲ 46.7%-€383,469below the sector's middle half€2.2mabove the sector's middle half
Equity€1.4mabove the sector's middle half▲ 19.1%€2.3mabove the sector's middle half▲ 67.8%€3.1mabove the sector's middle half▲ 33.3%€2.8mabove the sector's middle half▼ 9.4%€3.0mabove the sector's middle half▲ 5.3%
Total assets€2.3mwithin the sector's middle half▲ 4.4%€2.9mabove the sector's middle half▲ 26.8%€3.8mabove the sector's middle half▲ 33.8%€8.4mabove the sector's middle half▲ 119%€8.0mabove the sector's middle half▼ 4.8%
Debt€863,037▼ 12.9%€524,390▼ 39.2%€712,994▲ 36.0%€5.6m▲ 680%€5.0m▼ 9.9%
Working capital€452,718within the sector's middle half▼ 30.3%€1.3mabove the sector's middle half▲ 180%€2.0mabove the sector's middle half▲ 60.9%€2.3mabove the sector's middle half▲ 13.1%€5.4mabove the sector's middle half▲ 133%
Solvency61.7%within the sector's middle half▲ 7.6pp81.7%above the sector's middle half▲ 19.9pp81.4%above the sector's middle half▼ 0.3pp33.7%within the sector's middle half▼ 47.7pp37.2%within the sector's middle half▲ 3.6pp
Current ratio1.52within the sector's middle half▼ 0.133.42above the sector's middle half▲ 1.903.86above the sector's middle half▲ 0.442.31within the sector's middle half▼ 1.553.29above the sector's middle half▲ 0.98
Return on assets (ROA)-1.5%below the sector's middle half▼ 18.5pp14.3%above the sector's middle half▲ 15.8pp15.7%above the sector's middle half▲ 1.4pp-4.6%below the sector's middle half▼ 20.3pp27.4%above the sector's middle half▲ 32.0pp
Staff (FTE)6within the sector's middle half=5.8within the sector's middle half▼ 3.3%5.4within the sector's middle half▼ 6.9%15.7above the sector's middle half▲ 191%9.5within the sector's middle half▼ 39.5%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 99% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.0m
Fixed assets
€254,671 ▼ 94.1%
Current assets
€7.7m ▲ 89.8%
Equity and liabilities €8.0m
Equity
€3.0m ▲ 5.3%
Debt
€5.0m ▼ 9.9%
Debt's share of the balance-sheet total falls from 66.3% to 62.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.3m▲
2023 · €1.7m
Cash flow
€2.2m▲
2023 · -€345,179
Debt to equity
1.69▼
2023 · 1.97
ROE
73.6%▲
2023 · -13.6%
Interest coverage
14.06▲
2023 · 5.89
Debt ≤ 1 year
€2.3m▲
2023 · €1.8m
Debt > 1 year
€2.0m▼
2023 · €2.9m
Income taxes
€457,159▲
2023 · €423,360
Staff costs
€928,383▼
2023 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €55,288 | €39,859 | €1,734 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €591,283 | €541,450 | €1.1m | €928,383 | ▼ 18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,749 | €14,412 | €12,771 | €38,290 | €48,056 | ▲ 25.5% |
| Other operating charges640/8 | - | €12,285 | €28,953 | €4,433 | €4,052 | ▼ 8.6% |
| Non-recurring operating charges66A | - | €202,422 | €10,355 | €25,690 | €517 | ▼ 98.0% |
| Gross operating margin9900 | €539,917 | €1.4m | €1.4m | €2.8m | €4.2m | ▲ 48.7% |
| Operating profit (loss)9901 | -€20,067 | €558,768 | €809,806 | €1.6m | €3.3m | ▲ 98.6% |
| Financial income75/76B | - | €522 | €0 | €1,597 | €8,831 | ▲ 453% |
| Recurring financial income75 | €307 | €522 | €0 | €1,597 | €8,831 | ▲ 453% |
| Financial charges65/66B | - | €3,033 | €5,568 | €1.6m | €619,138 | ▼ 61.3% |
| Recurring financial charges65 | €242 | €3,033 | €5,568 | €284,409 | €234,654 | ▼ 17.5% |
| Non-recurring financial charges66B | - | - | - | €1.3m | €384,484 | ▼ 70.8% |
| Profit (loss) for the period before taxes9903 | -€20,002 | €556,257 | €804,238 | €39,890 | €2.6m | ▲ 6,522% |
| Income taxes67/77 | €12,939 | €146,881 | €203,590 | €423,360 | €457,159 | ▲ 8.0% |
| Profit (loss) for the period9904 | -€32,941 | €409,376 | €600,648 | -€383,469 | €2.2m | ▲ 670% |
| Profit (loss) for the period to be appropriated9905 | -€32,941 | €409,376 | €600,648 | -€383,469 | €2.2m | ▲ 670% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.9m | €3.8m | €8.4m | €8.0m | ▼ 4.8% |
| Fixed assets21/28 | €938,676 | €1.1m | €1.1m | €4.3m | €254,671 | ▼ 94.1% |
| Intangible fixed assets21 | - | - | - | - | €7,918 | - |
| Tangible fixed assets22/27 | €89,126 | €69,204 | €63,961 | €100,624 | €178,640 | ▲ 77.5% |
| Plant, machinery and equipment23 | - | - | - | €7,006 | €43,717 | ▲ 524% |
| Furniture and vehicles24 | - | €69,204 | €63,961 | €93,618 | €134,924 | ▲ 44.1% |
| Financial fixed assets28 | €849,550 | €999,550 | €1.0m | €4.2m | €68,112 | ▼ 98.4% |
| Current assets29/58 | €1.3m | €1.8m | €2.8m | €4.1m | €7.7m | ▲ 89.8% |
| Stocks and contracts in progress3 | - | - | €162,568 | €0 | - | - |
| Contracts in progress37 | - | - | €162,568 | €0 | - | - |
| Amounts receivable within one year40/41 | €302,434 | €1.4m | €1.9m | €1.9m | €2.7m | ▲ 43.8% |
| Trade receivables40 | - | €1.2m | €1.9m | €1.6m | €2.5m | ▲ 60.8% |
| Other amounts receivable41 | - | €201,548 | €0 | €294,130 | €159,080 | ▼ 45.9% |
| Cash at bank and in hand54/58 | €1.0m | €426,485 | €657,273 | €2.2m | €5.1m | ▲ 130% |
| Deferred charges and accrued income490/1 | - | - | €14,573 | €24,559 | €10,378 | ▼ 57.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.9m | €3.8m | €8.4m | €8.0m | ▼ 4.8% |
| Equity10/15 | €1.4m | €2.3m | €3.1m | €2.8m | €3.0m | ▲ 5.3% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €61,500 | €61,500 | = |
| Outside capital11 | - | - | - | €0 | - | - |
| Other1109/19 | - | - | - | €0 | - | - |
| Reserves13 | €5,000 | €5,000 | €5,000 | €0 | - | - |
| Non-distributable reserves130/1 | - | €5,000 | €5,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €5,000 | €5,000 | €0 | - | - |
| Profit (loss) carried forward14 | €775,068 | €1.0m | €1.6m | €1.2m | €2.9m | ▲ 138% |
| Investment grants15 | - | €1.3m | €1.4m | €1.5m | €0 | ▼ 100% |
| Amounts payable17/49 | €863,037 | €524,390 | €712,994 | €5.6m | €5.0m | ▼ 9.9% |
| Amounts payable after more than one year17 | - | - | - | €2.9m | €2.0m | ▼ 31.4% |
| Financial debts170/4 | - | - | - | €2.9m | €2.0m | ▼ 31.4% |
| Amounts payable within one year42/48 | €863,037 | €522,797 | €712,994 | €1.8m | €2.3m | ▲ 33.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €846,181 | €896,951 | ▲ 6.0% |
| Trade debts44 | €774,372 | €94,005 | €129,480 | €510,446 | €726,243 | ▲ 42.3% |
| Suppliers440/4 | - | €94,005 | €129,480 | €510,446 | €726,243 | ▲ 42.3% |
| Taxes, remuneration and social security45 | - | €205,230 | €396,633 | €237,751 | €222,046 | ▼ 6.6% |
| Taxes450/3 | - | €147,022 | €365,713 | €115,231 | €44,173 | ▼ 61.7% |
| Remuneration and social security454/9 | - | €58,207 | €30,920 | €122,520 | €177,873 | ▲ 45.2% |
| Other amounts payable47/48 | - | €223,562 | €186,881 | €166,469 | €500,000 | ▲ 200% |
| Accrued charges and deferred income492/3 | - | €1,593 | €0 | €942,321 | €702,856 | ▼ 25.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,941 | €409,376 | €600,648 | -€383,469 | €2.2m | ▲ 670% |
| + Depreciation and write-downs630 | €24,749 | €14,412 | €12,771 | €38,290 | €48,056 | ▲ 25.5% |
| Operating cash flow (approximation) | -€8,192 | €423,788 | €613,419 | -€345,179 | €2.2m | ▲ 747% |
| Investment in fixed assets (approximation) | - | -€144,489 | -€15,769 | -€3.3m | €4.0m | ▲ 222% |
| Change in cash | - | -€586,836 | €230,788 | €1.5m | €2.9m | ▲ 86.0% |
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 · 40 days late
2024
31-12
Financial
Back to profitnet €2.2m
Net result €2.2m after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€383,469
Net result drops to -€383,469, the lowest in the series; recovery starts the following year.
2022
02-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 142 days late
2021
30-06
Financial
Back to profitnet €409,376
Net result €409,376 after one loss-making year.
30-06
Financial
Liquidity doublescurrent ratio 3.42
Current ratio from 1.52 to 3.42; short-term debt falls from €863,037 to €522,797.
30-06
Financial
Equity above €2mEq €2.3m ▲67.8%
Equity rises from €1.4m to €2.3m.
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
07-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
06-10
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 6 acts read
About the unread acts
We know of 6 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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Directors · office · real estate
Directors
6 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, Overijse · 1 establishment unit since 2009
Ground area
881 m²
Building footprint
222 m²
Volume, LiDAR
1,716 m³
Parcel 23543I0283/00V000, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SDM PROJECTS
since 20092.228.571.931
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23543I0283/00V000 | Flanders | 881 m² | 1 · 222 m² | 12.2 m · 3 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
Part of the group
ELECTRICITE DE FRANCE
66 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- EDF BELGIUM
- Luminus
- Advices for Technical Systems
- SDM PROJECTS
Highest known parent: EDF BELGIUM. The sources do not say who stands above it.
Owners 1
-
65%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Public money · subsidies and aid
European research
1 project · 350,875 EUR EU contributionProgrammes
Projects
RENewAble Integration and SuStainAbility iN energy CommunitiEs
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,146. 888 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
71121Engineering and related technical consultancy, excluding land surveyors
33140Repair and maintenance of electrical equipment
33200Installation of industrial machinery and equipment
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0810677795
Also
9925:BE0810677795
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.