SDPlastics
ActiveSummary
SDPlastics has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €397,960. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 93% of 188 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 10.33 against 6.07 in 2024; short-term debt: 7.8% and cash: 20.8% of total assets), and 7.8% 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 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.2%
Return on assets
27.5%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
23 d early
2023
21 d early
2022
13 d early
2021
18 d early
2020
45 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€397,960▼ 5.5%
2024 · €421,067
Working capital
€1.0m▲ 69.2%
2024 · €618,769
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, 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
Line20212022202320242025
Operating result€286,922▲ 64.6%€407,403▲ 42.0%€474,195▲ 16.4%€555,924▲ 17.2%€577,749▲ 3.9%
Net result€218,116within the sector's middle half▲ 61.9%€309,875above the sector's middle half▲ 42.1%€356,615above the sector's middle half▲ 15.1%€421,067above the sector's middle half▲ 18.1%€397,960within the sector's middle half▼ 5.5%
Equity€469,856within the sector's middle half▲ 3.8%€478,607within the sector's middle half▲ 1.9%€515,213within the sector's middle half▲ 7.6%€936,280within the sector's middle half▲ 81.7%€1.3mwithin the sector's middle half▲ 42.5%
Total assets€744,801below the sector's middle half▲ 15.1%€919,879within the sector's middle half▲ 23.5%€920,132within the sector's middle half=€1.1mwithin the sector's middle half▲ 15.0%€1.4mbelow the sector's middle half▲ 36.7%
Debt€274,944▲ 41.4%€441,272▲ 60.5%€404,919▼ 8.2%€122,119▼ 69.8%€112,215▼ 8.1%
Working capital€259,388▲ 18.4%€227,665▼ 12.2%€282,674▲ 24.2%€618,769▲ 119%€1.0m▲ 69.2%
Solvency63.1%within the sector's middle half▼ 6.9pp52.0%within the sector's middle half▼ 11.1pp56.0%within the sector's middle half▲ 4.0pp88.5%above the sector's middle half▲ 32.5pp92.2%above the sector's middle half▲ 3.8pp
Staff (FTE)3below the sector's middle half=3below the sector's middle half=3within the sector's middle half=3within the sector's middle half=3below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€287,193 ▼ 9.5%
Current assets
€1.2m ▲ 56.5%
Equity and liabilities €1.4m
Equity
€1.3m ▲ 42.5%
Debt
€112,215 ▼ 8.1%
Debt's share of the balance-sheet total falls from 11.5% to 7.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€608,067▲
2024 · €579,553
Cash flow
€428,278▼
2024 · €444,697
Current ratio
10.33▲
2024 · 6.07
Quick ratio
10.32▲
2024 · 6.06
Debt to equity
0.08▼
2024 · 0.13
ROE
29.8%▼
2024 · 45.0%
ROA
27.5%▼
2024 · 39.8%
Interest coverage
444.08▼
2024 · 1006.69
Debt ≤ 1 year
€112,215▼
2024 · €122,119
Income taxes
€180,452▲
2024 · €135,263
Staff costs
€178,502▼
2024 · €185,879
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
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 0.4% 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 497,058 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% | 1.6% |
| 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 74% 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 31,324 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €8,264 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €151,040 | €163,978 | €144,244 | €185,879 | €178,502 | ▼ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,315 | €24,495 | €20,399 | €23,629 | €30,318 | ▲ 28.3% |
| Other operating charges640/8 | €8,748 | €9,552 | €10,139 | €11,771 | €10,048 | ▼ 14.6% |
| Non-recurring operating charges66A | €1,250 | €0 | - | - | - | - |
| Gross operating margin9900 | €471,275 | €605,427 | €648,976 | €777,203 | €796,617 | ▲ 2.5% |
| Operating profit (loss)9901 | €286,922 | €407,403 | €474,195 | €555,924 | €577,749 | ▲ 3.9% |
| Financial income75/76B | €1,523 | €1,132 | €11 | €982 | €2,032 | ▲ 107% |
| Recurring financial income75 | €1,523 | €1,132 | €11 | €982 | €2,032 | ▲ 107% |
| Financial charges65/66B | €253 | €666 | €962 | €576 | €1,369 | ▲ 138% |
| Recurring financial charges65 | €253 | €666 | €962 | €576 | €1,369 | ▲ 138% |
| Profit (loss) for the period before taxes9903 | €288,192 | €407,868 | €473,245 | €556,330 | €578,412 | ▲ 4.0% |
| Income taxes67/77 | €70,076 | €97,993 | €116,630 | €135,263 | €180,452 | ▲ 33.4% |
| Profit (loss) for the period9904 | €218,116 | €309,875 | €356,615 | €421,067 | €397,960 | ▼ 5.5% |
| Profit (loss) for the period to be appropriated9905 | €218,116 | €309,875 | €356,615 | €421,067 | €397,960 | ▼ 5.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €744,801 | €919,879 | €920,132 | €1.1m | €1.4m | ▲ 36.7% |
| Fixed assets21/28 | €210,468 | €250,942 | €232,539 | €317,511 | €287,193 | ▼ 9.5% |
| Tangible fixed assets22/27 | €210,468 | €250,942 | €232,539 | €317,511 | €287,193 | ▼ 9.5% |
| Land and buildings22 | €186,339 | €206,959 | €205,271 | €203,673 | €202,075 | ▼ 0.8% |
| Plant, machinery and equipment23 | - | - | €1,949 | €1,550 | €1,151 | ▼ 25.8% |
| Furniture and vehicles24 | €24,129 | €43,983 | €25,318 | €112,288 | €83,968 | ▼ 25.2% |
| Current assets29/58 | €534,332 | €668,937 | €687,594 | €740,889 | €1.2m | ▲ 56.5% |
| Stocks and contracts in progress3 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Stocks30/36 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Amounts receivable within one year40/41 | €130,039 | €204,500 | €164,328 | €210,986 | €155,760 | ▼ 26.2% |
| Trade receivables40 | €101,661 | €151,352 | €147,331 | €178,236 | €145,919 | ▼ 18.1% |
| Other amounts receivable41 | €28,378 | €53,148 | €16,997 | €32,750 | €9,841 | ▼ 70.0% |
| Current investments50/53 | - | - | - | €150,000 | €700,000 | ▲ 367% |
| Cash at bank and in hand54/58 | €402,184 | €461,646 | €521,495 | €377,676 | €300,968 | ▼ 20.3% |
| Deferred charges and accrued income490/1 | €1,109 | €1,792 | €771 | €1,227 | €1,535 | ▲ 25.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €744,801 | €919,879 | €920,132 | €1.1m | €1.4m | ▲ 36.7% |
| Equity10/15 | €469,856 | €478,607 | €515,213 | €936,280 | €1.3m | ▲ 42.5% |
| Contributions10/11 | €80,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Capital10 | €80,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Issued capital100 | €80,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Reserves13 | €8,000 | €8,000 | €8,000 | €8,000 | €405,960 | ▲ 4,975% |
| Non-distributable reserves130/1 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Legal reserve130 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Distributable reserves133 | - | - | - | - | €397,960 | - |
| Profit (loss) carried forward14 | €363,222 | €373,098 | €409,713 | €830,780 | €830,780 | = |
| Investment grants15 | €18,634 | €17,509 | €17,500 | €17,500 | €17,500 | = |
| Amounts payable17/49 | €274,944 | €441,272 | €404,919 | €122,119 | €112,215 | ▼ 8.1% |
| Amounts payable within one year42/48 | €274,944 | €441,272 | €404,919 | €122,119 | €112,215 | ▼ 8.1% |
| Trade debts44 | €46,255 | €109,946 | €43,644 | €86,218 | €67,151 | ▼ 22.1% |
| Suppliers440/4 | €46,255 | €109,946 | €43,644 | €86,218 | €67,151 | ▼ 22.1% |
| Taxes, remuneration and social security45 | €28,689 | €31,327 | €41,275 | €35,902 | €45,065 | ▲ 25.5% |
| Taxes450/3 | €11,348 | €12,945 | €13,217 | €14,075 | €22,091 | ▲ 56.9% |
| Remuneration and social security454/9 | €17,342 | €18,382 | €28,058 | €21,827 | €22,974 | ▲ 5.3% |
| Other amounts payable47/48 | €200,000 | €300,000 | €320,000 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €218,116 | €309,875 | €356,615 | €421,067 | €397,960 | ▼ 5.5% |
| + Depreciation and write-downs630 | €23,315 | €24,495 | €20,399 | €23,629 | €30,318 | ▲ 28.3% |
| Operating cash flow (approximation) | €241,430 | €334,370 | €377,014 | €444,697 | €428,278 | ▼ 3.7% |
| Investment in fixed assets (approximation) | - | -€64,968 | -€1,996 | -€108,602 | €0 | ▲ 100% |
| Change in cash | - | €59,461 | €59,849 | -€143,819 | -€76,707 | ▲ 46.7% |
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
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €1mEq €1.3m ▲42.5%
8 profitable years in a row build equity to €1.3m.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €421,067 ▲18.1%
Net result €421,067, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 6.07
Current ratio from 1.70 to 6.07; short-term debt falls from €404,919 to €122,119.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €515,213 ▲7.6%
6 profitable years in a row build equity to €515,213.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €127,857 ▼43%
Net result drops to €127,857, the lowest in the series; recovery starts the following year.
Show earlier events
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-05
NBB filing
Annual accounts filed
fiscal year 2016 · 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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Directors · office · real estate
Directors
8 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, Pittem · 1 establishment unit since 2006
Ground area
5,416 m²
Building footprint
1,241 m²
Volume, LiDAR
7,964 m³
Parcel 37011A1388/00F000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SDPlastics
since 20062.153.683.278
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37011A1388/00F000 | Flanders | 5,416 m² | 1 · 1,241 m² | 8.6 m · 2 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.
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Of 629 companies in sector 22240 we hold annual accounts for 360. 179 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
Founded18-05-2006
Fiscal year end31-12
Activities, NACEBEL 2025
22240Manufacture of rubber and plastic products
22260Manufacture of rubber and plastic products
25110Manufacture of metal structures and parts of structures
25220Manufacture of fabricated metal products, except machinery and equipment
43990Other specialised construction activities
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0881396042
Also
9925:BE0881396042
Registered
14-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.