SDP
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 22-07-2026 at the NBB all 8 filings
Turnover
≈ €1.6m
Estimated: probably between €940,000 and €2.7m
Total assets
€3.7m▲ 1.5%
2024 · €3.7m
Net result
€416,514▲ 22.5%
2024 · €339,906
Working capital
€893,871▲ 80.2%
2024 · €496,179
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 27% higher than in 2024. It is a recovery after the fall in 2024.
Operating result€0.6m
2025
Net result€0.4m
2025
Total assets€3.7m
2025
Equity€3.6m
2025
Debt€0.1m
2025
Working capital€0.9m
2025
Staff (FTE)1
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.02m-€0.06m▲ 255%€0.7m▲ 13×€0.9m▲ 26.6%€0.8m▼ 14.5%€0.6m▼ 27.0%€0.5m▼ 13.1%€0.6m▲ 26.8%
Net result€0.01m-€0.02m▲ 82.5%€0.7m▲ 40×€0.6m▼ 15.1%€0.5m▼ 14.4%€0.4m▼ 26.4%€0.3m▼ 9.5%€0.4m▲ 22.5%
Equity€0.04m-€0.7m▲ 19×€1.4m▲ 107%€2.0m▲ 43.9%€2.5m▲ 26.1%€2.8m▲ 15.2%€3.2m▲ 12.0%€3.6m▲ 13.1%
Total assets€0.04m-€2.7m▲ 63×€3.3m▲ 23.2%€3.5m▲ 3.3%€3.6m▲ 3.5%€3.6m▲ 1.8%€3.7m▲ 0.9%€3.7m▲ 1.5%
Debt€0.008m-€2.1m▲ 269×€2.0m▼ 3.5%€1.5m▼ 24.4%€1.1m▼ 25.9%€0.8m▼ 28.0%€0.5m▼ 38.4%€0.1m▼ 72.9%
Working capital€0.03m--€0.8m-€0.6m▲ 27.2%-€0.2m▲ 71.7%€0.2m€0.4m▲ 124%€0.5m▲ 28.0%€0.9m▲ 80.2%
Staff (FTE)0.40.6▲ 50.0%0.8▲ 33.3%0.8=0▼ 100%0.81▲ 25.0%
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.7m
Fixed assets
€2.7m ▼ 0.1%
Current assets
€1.0m ▲ 6.0%
Equity and liabilities €3.7m
Equity
€3.6m ▲ 13.1%
Debt
€133,729 ▼ 72.9%
Debt's share of the balance-sheet total falls from 13.4% to 3.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€624,407▲
2024 · €536,354
Cash flow
€424,832▲
2024 · €390,457
Current ratio
7.68▲
2024 · 2.05
Debt to equity
0.04▼
2024 · 0.16
ROE
11.6%▲
2024 · 10.7%
ROA
11.2%▲
2024 · 9.3%
Interest coverage
79.27▲
2024 · 48.45
Debt ≤ 1 year
€133,729▼
2024 · €472,995
Debt > 1 year
€0▼
2024 · €21,031
Income taxes
€196,792▲
2024 · €161,486
Staff costs
€33,685▲
2024 · €27,622
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | - | - | 0 | 1 | 1 |
| part-time | 1 | 1 | 1 | 0 | 0 |
| in full-time equivalents | 0.8 | 0.8 | 0.8 | 1 | 1 |
| Average over the year, in full-time equivalents | 0.8 | 0.8 | 0 | 0.8 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
| Joined | - | - | - | - | 0 |
| Left | - | - | - | - | 0 |
| Training hours | - | - | - | - | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €8,647 | €6,064 | €14,321 | €8,700 | €6,108 |
| Intangible fixed assets | - | - | €0 | - | - |
| Depreciation and write-downs of the year | €77,285 | €77,344 | €79,870 | €50,551 | €8,318 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.02m | €0.02m | €0.03m | €0.03m | €0.03m | ▲ 22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.002m | €0.002m | €0.08m | €0.08m | €0.08m | €0.08m | €0.05m | €0.008m | ▼ 83.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.05m | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €0.004m | €0.007m | €0.002m | €0.002m | €0.002m | ▼ 22.4% |
| Gross operating margin9900 | €0.02m | €0.08m | €0.8m | €1.0m | €0.9m | €0.7m | €0.6m | €0.7m | ▲ 16.6% |
| Operating profit (loss)9901 | €0.02m | €0.06m | €0.7m | €0.9m | €0.8m | €0.6m | €0.5m | €0.6m | ▲ 26.8% |
| Financial income75/76B | - | - | - | - | - | €0.008m | €0.03m | €0.005m | ▼ 80.9% |
| Recurring financial income75 | €30 | €1 | €0.3m | - | - | €0.008m | €0.03m | €0.005m | ▼ 80.9% |
| Financial charges65/66B | - | - | - | €0.01m | €0.01m | €0.008m | €0.01m | €0.008m | ▼ 28.8% |
| Recurring financial charges65 | €370 | €0.02m | €0.02m | €0.01m | €0.01m | €0.008m | €0.01m | €0.008m | ▼ 28.8% |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.04m | €0.9m | €0.9m | €0.8m | €0.6m | €0.5m | €0.6m | ▲ 22.3% |
| Income taxes67/77 | €0.006m | €0.02m | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 21.9% |
| Profit (loss) for the period9904 | €0.01m | €0.02m | €0.7m | €0.6m | €0.5m | €0.4m | €0.3m | €0.4m | ▲ 22.5% |
| Profit (loss) for the period to be appropriated9905 | €0.01m | €0.02m | €0.7m | €0.6m | €0.5m | €0.4m | €0.3m | €0.4m | ▲ 22.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.04m | €2.7m | €3.3m | €3.5m | €3.6m | €3.6m | €3.7m | €3.7m | ▲ 1.5% |
| Fixed assets21/28 | €0.006m | €2.7m | €3.0m | €2.9m | €2.8m | €2.7m | €2.7m | €2.7m | ▼ 0.1% |
| Intangible fixed assets21 | - | - | €0.3m | €0.2m | €0.1m | €0.04m | €0 | - | - |
| Tangible fixed assets22/27 | €0.006m | €0.006m | €0.004m | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | ▼ 10.4% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | ▼ 10.4% |
| Financial fixed assets28 | - | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Current assets29/58 | €0.04m | €0.008m | €0.4m | €0.6m | €0.8m | €0.9m | €1.0m | €1.0m | ▲ 6.0% |
| Amounts receivable within one year40/41 | €0.01m | €0.002m | €0.1m | €0.1m | €0.09m | €0.08m | €0.03m | €0.1m | ▲ 284% |
| Trade receivables40 | - | - | - | €0.06m | €0.09m | €0.07m | €0.003m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0.05m | - | €0.009m | €0.02m | €0.1m | ▲ 326% |
| Current investments50/53 | - | - | €0.1m | €0.1m | €0.1m | €0.6m | €0.4m | €0.7m | ▲ 53.0% |
| Cash at bank and in hand54/58 | €0.03m | €0.006m | €0.2m | €0.3m | €0.5m | €0.2m | €0.4m | €0.2m | ▼ 51.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.004m | €0.07m | €0.04m | ▼ 39.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.04m | €2.7m | €3.3m | €3.5m | €3.6m | €3.6m | €3.7m | €3.7m | ▲ 1.5% |
| Equity10/15 | €0.04m | €0.7m | €1.4m | €2.0m | €2.5m | €2.8m | €3.2m | €3.6m | ▲ 13.1% |
| Contributions10/11 | €0.02m | €0.6m | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €0.02m | €0.03m | €0.7m | €1.3m | €1.8m | €2.2m | €2.6m | €3.0m | ▲ 16.3% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €1.3m | €1.8m | €2.2m | €2.6m | €3.0m | ▲ 16.3% |
| Amounts payable17/49 | €0.008m | €2.1m | €2.0m | €1.5m | €1.1m | €0.8m | €0.5m | €0.1m | ▼ 72.9% |
| Amounts payable after more than one year17 | - | €1.2m | €1.0m | €0.8m | €0.5m | €0.3m | €0.02m | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €0.8m | €0.5m | €0.3m | €0.02m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €0.008m | €0.8m | €1.0m | €0.7m | €0.6m | €0.5m | €0.5m | €0.1m | ▼ 71.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.3m | €0.2m | €0.3m | €0.04m | ▼ 84.5% |
| Financial debts43 | - | - | - | €0.05m | €0.07m | €0.03m | €0.04m | €0.004m | ▼ 91.1% |
| Credit institutions430/8 | - | - | - | €0.05m | €0.07m | €0.03m | €0.04m | €0.004m | ▼ 91.1% |
| Trade debts44 | €0.001m | €0.002m | - | €0.001m | €0.003m | €0.008m | €0.003m | €0.003m | ▲ 19.8% |
| Suppliers440/4 | - | - | - | €0.001m | €0.003m | €0.008m | €0.003m | €0.003m | ▲ 19.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.1m | €0.2m | €0.1m | €0.08m | ▼ 45.6% |
| Taxes450/3 | - | - | - | €0.08m | €0.1m | €0.1m | €0.1m | €0.07m | ▼ 47.6% |
| Remuneration and social security454/9 | - | - | - | €0.004m | €0.008m | €0.008m | €0.004m | €0.005m | ▲ 23.0% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.1m | €0.07m | €0.02m | €0.007m | ▼ 51.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.001m | €0.002m | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.01m | €0.02m | €0.7m | €0.6m | €0.5m | €0.4m | €0.3m | €0.4m | ▲ 22.5% |
| + Depreciation and write-downs630 | €0.002m | €0.002m | €0.08m | €0.08m | €0.08m | €0.08m | €0.05m | €0.008m | ▼ 83.5% |
| Operating cash flow (approximation) | €0.01m | €0.02m | €0.8m | €0.7m | €0.6m | €0.5m | €0.4m | €0.4m | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | -€2.7m | -€0.3m | -€0.009m | -€0.004m | -€0.01m | -€0.009m | -€0.006m | ▲ 29.8% |
| Change in cash | - | -€0.02m | €0.2m | €0.2m | €0.2m | -€0.3m | €0.2m | -€0.2m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-07-2026 | 2026-00316772 | NBB |
| 31-12-2024 | abbreviated format | 28-08-2025 | 2025-00419855 | |
| 31-12-2023 | abbreviated format | 27-11-2024 | 2024-00609846 | |
| 31-12-2022 | abbreviated format | 23-06-2023 | 2023-00163771 | |
| 31-12-2021 | abbreviated format | 09-06-2022 | 2022-20056819 | |
| 31-12-2020 | abbreviated format | 29-06-2021 | 2021-26600415 | |
| 31-12-2019 | abbreviated format | 27-05-2020 | 2020-13200190 | |
| 31-12-2018 | micro format | 05-07-2019 | 2019-29300290 |