SDS Afsluitingen
ActiveSummary
The computed 12-month bankruptcy probability of SDS Afsluitingen is 2.1% (moderate). The 2025 annual accounts show equity of €28k and a net result of €10k. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 46% of 27965 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+28
Solvency69▲+18
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.14 against 1.36 in 2024; short-term debt: 24.2% and cash: 25.9% of total assets), but 56.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
43.9%
Return on assets
15.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
7 d early
2022
27 d early
2021
2 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€238k
EBIT margin
1.1%
Net result
€10k▲ 503%
2024 · €2k
2021: €9k
2022: €-1k▼ -115% vs 2021lowest in 5 years
2023: €5k▲ +453% vs 2022
2024: €2k▼ -64.3% vs 2023
2025: €10k▲ +503% vs 2024highest in 5 years
2021 → 2025
Working capital
€17k▲ 115%
2024 · €8k
2021: €4k
2022: €1k▼ -66.4% vs 2021lowest in 5 years
2023: €11k▲ +674% vs 2022
2024: €8k▼ -26.2% vs 2023
2025: €17k▲ +115% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€238k
Equity€13k-€12k▼ 10.0%€16k▲ 39.4%€18k▲ 10.1%€28k▲ 55.2%
2021: €13k
2022: €12k▼ -10.0% vs 2021lowest in 5 years
2023: €16k▲ +39.4% vs 2022
2024: €18k▲ +10.1% vs 2023
2025: €28k▲ +55.2% vs 2024highest in 5 years
Operating result€11k-€-1k€5k€3k▼ 51.2%€14k▲ 435%
2021: €11k
2022: €-1k▼ -111% vs 2021lowest in 5 years
2023: €5k▲ +552% vs 2022
2024: €3k▼ -51.2% vs 2023
2025: €14k▲ +435% vs 2024highest in 5 years
Net result€9k-€-1k€5k€2k▼ 64.3%€10k▲ 503%
2021: €9k
2022: €-1k▼ -115% vs 2021lowest in 5 years
2023: €5k▲ +453% vs 2022
2024: €2k▼ -64.3% vs 2023
2025: €10k▲ +503% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 435% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63k
Fixed assets
€30k ▼ 18.5%
Current assets
€33k ▲ 6.3%
Equity and liabilities €63k
Equity
€28k ▲ 55.2%
Debt
€35k ▼ 29.5%
Debt's share of the balance-sheet total falls from 73.8% to 56.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▲
2024 · €10k
Cash flow
€19k▲
2024 · €9k
Current ratio
2.14▲
2024 · 1.36
Debt to equity
1.28▼
2024 · 2.81
ROE
35.6%▲
2024 · 9.2%
ROA
15.6%▲
2024 · 2.4%
Interest coverage
13.03▲
2024 · 8.56
Debt ≤ 1 year
€15k▼
2024 · €23k
Debt > 1 year
€20k▼
2024 · €28k
Income taxes
€3k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€68k€63k▼
Fixed assets21/28€37k€30k▼
Tangible fixed assets22/27€37k€30k▼
Plant, machinery and equipment23€29k€24k▼
Furniture and vehicles24€7k€6k▼
Other tangible fixed assets26€1k€886▼
Current assets29/58€31k€33k▲
Amounts receivable within one year40/41€11k€16k▲
Trade receivables40€8k€16k▲
Other amounts receivable41€3k€443▼
Cash at bank and in hand54/58€20k€16k▼
Equity and liabilities
Total equity and liabilities10/49€68k€63k▼
Equity10/15€18k€28k▲
Contributions10/11€4k€4k=
Outside capital11€4k€4k=
Other1109/19€4k€4k=
Profit (loss) carried forward14€14k€24k▲
Amounts payable17/49€50k€35k▼
Amounts payable after more than one year17€28k€20k▼
Financial debts170/4€28k€20k▼
Amounts payable within one year42/48€23k€15k▼
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€11k€2k▼
Suppliers440/4€11k€2k▼
Taxes, remuneration and social security45€1k€5k▲
Taxes450/3€1k€5k▲
Other amounts payable47/48€3k-
Income statement
Code20242025
Turnover70€238k-
Goods, raw materials, services and sundry goods60/61€223k€177k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Other operating charges640/8€1k€736▼
Gross operating margin9900€11k€24k▲
Operating profit (loss)9901€3k€14k▲
Financial income75/76B€124€77▼
Recurring financial income75€124€77▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€2k€13k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€2k€10k▲
Profit (loss) for the period to be appropriated9905€2k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€24k▲
Profit (loss) brought forward from the previous period14P€12k€14k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €238k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €163k | €223k | €177k | ▼ 20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €6k | €6k | €7k | €9k | ▲ 24.0% |
| Other operating charges640/8 | €554 | €610 | €685 | €1k | €736 | ▼ 45.2% |
| Gross operating margin9900 | €15k | €5k | €13k | €11k | €24k | ▲ 113% |
| Operating profit (loss)9901 | €11k | €-1k | €5k | €3k | €14k | ▲ 435% |
| Financial income75/76B | €1 | €199 | €33 | €124 | €77 | ▼ 37.8% |
| Recurring financial income75 | €1 | €199 | €33 | €124 | €77 | ▼ 37.8% |
| Financial charges65/66B | €396 | €279 | €246 | €1k | €2k | ▲ 53.5% |
| Recurring financial charges65 | €396 | €279 | €246 | €1k | €2k | ▲ 53.5% |
| Profit (loss) for the period before taxes9903 | €11k | €-1k | €5k | €2k | €13k | ▲ 672% |
| Income taxes67/77 | €2k | - | €707 | - | €3k | - |
| Profit (loss) for the period9904 | €9k | €-1k | €5k | €2k | €10k | ▲ 503% |
| Profit (loss) for the period to be appropriated9905 | €9k | €-1k | €5k | €2k | €10k | ▲ 503% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33k | €29k | €46k | €68k | €63k | ▼ 7.3% |
| Fixed assets21/28 | €14k | €10k | €5k | €37k | €30k | ▼ 18.5% |
| Tangible fixed assets22/27 | €14k | €10k | €5k | €37k | €30k | ▼ 18.5% |
| Plant, machinery and equipment23 | €3k | €3k | €1k | €29k | €24k | ▼ 18.2% |
| Furniture and vehicles24 | €10k | €6k | €3k | €7k | €6k | ▼ 20.0% |
| Other tangible fixed assets26 | - | €1k | €1k | €1k | €886 | ▼ 13.9% |
| Current assets29/58 | €19k | €19k | €41k | €31k | €33k | ▲ 6.3% |
| Stocks and contracts in progress3 | - | €2k | €4k | - | - | - |
| Contracts in progress37 | - | €2k | €4k | - | - | - |
| Amounts receivable within one year40/41 | €3k | €10k | €12k | €11k | €16k | ▲ 51.5% |
| Trade receivables40 | €3k | €10k | €12k | €8k | €16k | ▲ 105% |
| Other amounts receivable41 | - | - | - | €3k | €443 | ▼ 85.2% |
| Cash at bank and in hand54/58 | €16k | €7k | €26k | €20k | €16k | ▼ 18.1% |
| Deferred charges and accrued income490/1 | €53 | €54 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33k | €29k | €46k | €68k | €63k | ▼ 7.3% |
| Equity10/15 | €13k | €12k | €16k | €18k | €28k | ▲ 55.2% |
| Contributions10/11 | €4k | €4k | €4k | €4k | €4k | = |
| Outside capital11 | €4k | €4k | €4k | €4k | €4k | = |
| Other1109/19 | €4k | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €9k | €8k | €12k | €14k | €24k | ▲ 71.2% |
| Amounts payable17/49 | €20k | €17k | €30k | €50k | €35k | ▼ 29.5% |
| Amounts payable after more than one year17 | €5k | - | - | €28k | €20k | ▼ 27.1% |
| Financial debts170/4 | €5k | - | - | €28k | €20k | ▼ 27.1% |
| Amounts payable within one year42/48 | €15k | €17k | €30k | €23k | €15k | ▼ 32.5% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | - | €7k | €7k | ▲ 4.3% |
| Trade debts44 | €2k | €7k | €20k | €11k | €2k | ▼ 79.1% |
| Suppliers440/4 | €2k | €7k | €20k | €11k | €2k | ▼ 79.1% |
| Taxes, remuneration and social security45 | €5k | €1k | €7k | €1k | €5k | ▲ 365% |
| Taxes450/3 | €5k | €1k | €7k | €1k | €5k | ▲ 365% |
| Other amounts payable47/48 | €3k | €4k | €3k | €3k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €-1k | €5k | €2k | €10k | ▲ 503% |
| + Depreciation and write-downs630 | €4k | €6k | €6k | €7k | €9k | ▲ 24.0% |
| Operating cash flow (approximation) | €13k | €5k | €11k | €9k | €19k | ▲ 111% |
| Investment in fixed assets (approximation) | - | €-2k | €-1k | €-39k | €-2k | ▲ 94.4% |
| Change in cash | - | €-10k | €19k | €-6k | €-4k | ▲ 38.6% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2021net €10k ▲503%
Operating result €14k, net result €10k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Zoersel · 1 establishment unit since 2020
Ground area
1,185 m²
Building footprint
139 m²
Parcel 11017A0562/00L002, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SDS Afsluitingen
since 20202.307.700.274
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11017A0562/00L002 | Flanders | 1,185 m² | 1 · 139 m² | - |
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 20,018 companies in sector 43320 we hold annual accounts for 9,132. 6,663 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
Founded28-09-2020
Fiscal year end30-09
Activities, NACEBEL 2025
43320Joinery installation
43310Plastering work
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.