SDR-Engineering
ActiveSummary
The computed 12-month bankruptcy probability of SDR-Engineering is 2.9% (moderate). The 2025 annual accounts show equity of €326k and a net result of €45k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 27965 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+12
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 16.23 against 28.04 in 2024; short-term debt: 6% and cash: 3.4% of total assets), and 6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
94%
Return on assets
12.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
28 d late
2022
19 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€326k▼ 12.6%
2024 · €373k
2022: €209lowest in 4 years
2023: €4k▲ +1684% vs 2022
2024: €373k▲ +9909% vs 2023highest in 4 years
2025: €326k▼ -12.6% vs 2024
2022 → 2025
Total assets
€347k▼ 10.3%
2024 · €386k
2022: €7klowest in 4 years
2023: €25k▲ +269% vs 2022
2024: €386k▲ +1439% vs 2023highest in 4 years
2025: €347k▼ -10.3% vs 2024
2022 → 2025
Net result
€45k▲ 206%
2024 · €15k
2022: €-3klowest in 4 years
2023: €4k▲ +226% vs 2022
2024: €15k▲ +314% vs 2023
2025: €45k▲ +206% vs 2024highest in 4 years
2022 → 2025
Working capital
€316k▼ 12.3%
2024 · €360k
2022: €209lowest in 4 years
2023: €4k▲ +1684% vs 2022
2024: €360k▲ +9547% vs 2023highest in 4 years
2025: €316k▼ -12.3% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€209-€4k▲ 1,684%€373k▲ 9,909%€326k▼ 12.6%
2022: €209lowest in 4 years
2023: €4k▲ +1684% vs 2022
2024: €373k▲ +9909% vs 2023highest in 4 years
2025: €326k▼ -12.6% vs 2024
Operating result€-3k-€4k€17k▲ 361%€-55k
2022: €-3k
2023: €4k▲ +236% vs 2022
2024: €17k▲ +361% vs 2023highest in 4 years
2025: €-55k▼ -416% vs 2024lowest in 4 years
Net result€-3k-€4k€15k▲ 314%€45k▲ 206%
2022: €-3klowest in 4 years
2023: €4k▲ +226% vs 2022
2024: €15k▲ +314% vs 2023
2025: €45k▲ +206% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €55k after €17k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €347k
Fixed assets
€10k ▼ 22.6%
Current assets
€336k ▼ 9.8%
Equity and liabilities €347k
Equity
€326k ▼ 12.6%
Debt
€21k ▲ 55.7%
Debt's share of the balance-sheet total rises from 3.4% to 6.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€38k▲
2024 · €18k
Cash flow
€138k▲
2024 · €15k
Current ratio
16.23▼
2024 · 28.04
Debt to equity
0.06▲
2024 · 0.04
ROE
13.7%▲
2024 · 3.9%
ROA
12.9%▲
2024 · 3.8%
Interest coverage
666.82▲
2024 · 330.65
Debt ≤ 1 year
€21k▲
2024 · €13k
Income taxes
€-3k▼
2024 · €4k
Staff costs
€74k▲
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€386k€347k▼
Fixed assets21/28€14k€10k▼
Intangible fixed assets21€14k€4k▼
Tangible fixed assets22/27-€4k
Furniture and vehicles24-€4k
Financial fixed assets28-€2k
Current assets29/58€373k€336k▼
Amounts receivable after more than one year29€267k€187k▼
Other amounts receivable291€267k€187k▼
Amounts receivable within one year40/41€89k€134k▲
Trade receivables40-€40k
Other amounts receivable41€89k€94k▲
Cash at bank and in hand54/58€13k€12k▼
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€386k€347k▼
Equity10/15€373k€326k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€15k€60k▲
Investment grants15€355k€263k▼
Amounts payable17/49€13k€21k▲
Amounts payable within one year42/48€13k€21k▲
Trade debts44€5k€11k▲
Suppliers440/4€5k€11k▲
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€6k€14▼
Remuneration and social security454/9€2k€10k▲
Income statement
Code20242025
Remuneration, social security and pensions62€18k€74k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€474€93k▲
Other operating charges640/8€64€465▲
Gross operating margin9900€35k€112k▲
Operating profit (loss)9901€17k€-55k▼
Financial income75/76B€741€97k▲
Recurring financial income75€741€97k▲
Financial charges65/66B€54€57▲
Recurring financial charges65€54€57▲
Profit (loss) for the period before taxes9903€18k€42k▲
Income taxes67/77€4k€-3k▼
Profit (loss) for the period9904€15k€45k▲
Profit (loss) for the period to be appropriated9905€15k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€60k▲
Profit (loss) brought forward from the previous period14P€728€15k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €18k | €74k | ▲ 321% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €474 | €93k | ▲ 19,523% |
| Other operating charges640/8 | - | €64 | €64 | €465 | ▲ 630% |
| Gross operating margin9900 | €-3k | €4k | €35k | €112k | ▲ 217% |
| Operating profit (loss)9901 | €-3k | €4k | €17k | €-55k | ▼ 416% |
| Financial income75/76B | - | - | €741 | €97k | ▲ 12,969% |
| Recurring financial income75 | - | - | €741 | €97k | ▲ 12,969% |
| Financial charges65/66B | €27 | €54 | €54 | €57 | ▲ 5.6% |
| Recurring financial charges65 | €27 | €54 | €54 | €57 | ▲ 5.6% |
| Profit (loss) for the period before taxes9903 | €-3k | €4k | €18k | €42k | ▲ 132% |
| Income taxes67/77 | - | €198 | €4k | €-3k | ▼ 180% |
| Profit (loss) for the period9904 | €-3k | €4k | €15k | €45k | ▲ 206% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €4k | €15k | €45k | ▲ 206% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €7k | €25k | €386k | €347k | ▼ 10.3% |
| Fixed assets21/28 | - | - | €14k | €10k | ▼ 22.6% |
| Intangible fixed assets21 | - | - | €14k | €4k | ▼ 70.4% |
| Tangible fixed assets22/27 | - | - | - | €4k | - |
| Furniture and vehicles24 | - | - | - | €4k | - |
| Financial fixed assets28 | - | - | - | €2k | - |
| Current assets29/58 | €7k | €25k | €373k | €336k | ▼ 9.8% |
| Amounts receivable after more than one year29 | - | - | €267k | €187k | ▼ 30.1% |
| Other amounts receivable291 | - | - | €267k | €187k | ▼ 30.1% |
| Amounts receivable within one year40/41 | €4k | €21k | €89k | €134k | ▲ 50.3% |
| Trade receivables40 | - | €21k | - | €40k | - |
| Other amounts receivable41 | €4k | - | €89k | €94k | ▲ 5.4% |
| Cash at bank and in hand54/58 | €3k | €5k | €13k | €12k | ▼ 9.9% |
| Deferred charges and accrued income490/1 | - | - | €4k | €4k | ▼ 1.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €7k | €25k | €386k | €347k | ▼ 10.3% |
| Equity10/15 | €209 | €4k | €373k | €326k | ▼ 12.6% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-3k | €728 | €15k | €60k | ▲ 292% |
| Investment grants15 | - | - | €355k | €263k | ▼ 25.9% |
| Amounts payable17/49 | €7k | €21k | €13k | €21k | ▲ 55.7% |
| Amounts payable within one year42/48 | €7k | €21k | €13k | €21k | ▲ 55.7% |
| Trade debts44 | €7k | €24 | €5k | €11k | ▲ 121% |
| Suppliers440/4 | €7k | €24 | €5k | €11k | ▲ 121% |
| Advances received on contracts in progress46 | - | €17k | - | - | - |
| Taxes, remuneration and social security45 | - | €4k | €8k | €10k | ▲ 16.3% |
| Taxes450/3 | - | €4k | €6k | €14 | ▼ 99.8% |
| Remuneration and social security454/9 | - | - | €2k | €10k | ▲ 301% |
| Other amounts payable47/48 | €15 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €4k | €15k | €45k | ▲ 206% |
| + Depreciation and write-downs630 | - | - | €474 | €93k | ▲ 19,523% |
| Operating cash flow (approximation) | €-3k | €4k | €15k | €138k | ▲ 815% |
| Investment in fixed assets (approximation) | - | - | - | €-90k | - |
| Change in cash | - | €2k | €9k | €-1k | ▼ 115% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2022net €45k ▲206%
Net result €45k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Liquidity times 24current ratio 28.04
Current ratio from 1.17 to 28.04; short-term debt falls from €21k to €13k.
31-12
Financial
Equity above €200kEq €373k ▲9,909%
2 profitable years in a row build equity to €373k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Fernelmont · 2 establishment units since 2022
Ground area
7,272 m²
Building footprint
450 m²
Volume, LiDAR
3,463 m³
2 parcels, Wallonia · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
SDR-Engineering
since 20222.334.783.862
SDR-Engineering
since 20252.371.066.119
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92065B0052/00T000 | Wallonia | 5,663 m² | 1 · 321 m² | 9.2 m · 3 fl. |
| 92084C0191/00G000 | Wallonia | 1,609 m² | 1 · 129 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 7,427 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
71121Engineering and related technical consultancy, excluding land surveyors
58290Other software publishing
62100Computer programming
72109Other research and development on natural sciences
74999Other professional, scientific and technical activities
Contact
E-mail
j.pisane@sdr-engineering.be
Phone
+32493510614
E-mail
j.pisane@sdr-technologies.beFernelmont
Scores and ratios are computed by Checked and are not a credit decision.