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SDU

Active
Private limited companyfounded 20242 yrs activeRue René Evrard 5, 1473 Genappe, BelgiumKBO/BCE: BE 1007.045.882
Summary

The computed 12-month bankruptcy probability of SDU is 4.0% (elevated). The annual accounts of SDU for fiscal year 2025 show a net loss of 61% of the equity at the start of that year. The 2025 annual accounts show equity of €7,769 and a net result of -€12,397. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability6▼-94
Solvency46▼-54
Growth32
Track record82
Bankruptcy probability, 12 months
4.0% Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.17 against 8.12 in 2024; short-term debt: 78.9% and cash: 53.7% of total assets), and 79.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
20.8%
Return on assets
-33.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 01-04-2026, 121 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
121 d early
2024
136 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 129 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SDU was incorporated on 12 March 2024 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€7,769▼ 61.5%
2024 · €20,166
Total assets
€37,354▲ 62.8%
2024 · €22,941
Net result
-€12,397
2024 · €18,025
Working capital
€5,115▼ 72.9%
2024 · €18,844
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€25,623-€28,725▲ 12.1%
Net result€18,025--€12,397
Equity€20,166-€7,769▼ 61.5%
Total assets€22,941-€37,354▲ 62.8%
Debt€2,775-€29,585▲ 966%
Working capital€18,844-€5,115▼ 72.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000Operating result 2024: €25,623€25,623Net result 2024: €18,025€18,025Operating result 2025: €28,725€28,725Net result 2025: -€12,397-€12,39720242025-€20,000€0€20,000Operating result 2024: €25,623€25,600Net result 2024: €18,025€18,000Operating result 2025: €28,725€28,700Net result 2025: -€12,397-€12,40020242025
The operating result rises in 2025; 2025 is 12% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37,354
Fixed assets €2,784 ▲ 91.7%
Current assets €34,570 ▲ 60.9%
Equity and liabilities €37,354
Equity €7,769 ▼ 61.5%
Debt €29,585 ▲ 966%
Debt's share of the balance-sheet total rises from 12.1% to 79.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€29,771▲
2024 · €26,121
Cash flow
-€11,351▼
2024 · €18,523
Current ratio
1.17▼
2024 · 8.12
Debt to equity
3.81▲
2024 · 0.14
ROE
-159.6%▼
2024 · 89.4%
ROA
-33.2%▼
2024 · 78.6%
Interest coverage
0.73▼
2024 · 78.44
Debt ≤ 1 year
€29,455▲
2024 · €2,645
Income taxes
€132▼
2024 · €7,270
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,207 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
4.2% stopped otherwise
90% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.0% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,207 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€22,941€37,354▲
Fixed assets21/28€1,452€2,784▲
Tangible fixed assets22/27€1,452€2,784▲
Plant, machinery and equipment23€551€301▼
Furniture and vehicles24€901€2,483▲
Current assets29/58€21,489€34,570▲
Amounts receivable within one year40/41€9,372€13,446▲
Trade receivables40€8,640€9,564▲
Other amounts receivable41€731€3,882▲
Cash at bank and in hand54/58€11,036€20,066▲
Deferred charges and accrued income490/1€1,081€1,058▼
Equity and liabilities
Total equity and liabilities10/49€22,941€37,354▲
Equity10/15€20,166€7,769▼
Contributions10/11€3,000€3,000=
Reserves13€17,166€17,166=
Distributable reserves133€17,166€17,166=
Profit (loss) carried forward14--€12,397
Amounts payable17/49€2,775€29,585▲
Amounts payable within one year42/48€2,645€29,455▲
Trade debts44€1,543€2,340▲
Suppliers440/4€1,543€2,340▲
Taxes, remuneration and social security45€21-
Taxes450/3€21-
Other amounts payable47/48€1,081€27,115▲
Accrued charges and deferred income492/3€130€130=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€498€1,046▲
Other operating charges640/8€754€878▲
Gross operating margin9900€26,875€30,649▲
Operating profit (loss)9901€25,623€28,725▲
Financial income75/76B€5€47▲
Recurring financial income75€5€47▲
Financial charges65/66B€333€41,037▲
Recurring financial charges65€333€41,037▲
Profit (loss) for the period before taxes9903€25,295-€12,265▼
Income taxes67/77€7,270€132▼
Profit (loss) for the period9904€18,025-€12,397▼
Profit (loss) for the period to be appropriated9905€18,025-€12,397▼
Appropriation of the result
Profit (loss) to be appropriated9906€18,025-€12,397▼
Transfer to equity691/2€17,166-
To other reserves6921€17,166-
Profit to be distributed694/7€859-
Return on contributions (dividend)694€859-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€498€1,046▲ 110%
Other operating charges640/8€754€878▲ 16.5%
Gross operating margin9900€26,875€30,649▲ 14.0%
Operating profit (loss)9901€25,623€28,725▲ 12.1%
Financial income75/76B€5€47▲ 871%
Recurring financial income75€5€47▲ 871%
Financial charges65/66B€333€41,037▲ 12,224%
Recurring financial charges65€333€41,037▲ 12,224%
Profit (loss) for the period before taxes9903€25,295-€12,265▼ 148%
Income taxes67/77€7,270€132▼ 98.2%
Profit (loss) for the period9904€18,025-€12,397▼ 169%
Profit (loss) for the period to be appropriated9905€18,025-€12,397▼ 169%
Line20242025Change
Assets
Total assets20/58€22,941€37,354▲ 62.8%
Fixed assets21/28€1,452€2,784▲ 91.7%
Tangible fixed assets22/27€1,452€2,784▲ 91.7%
Plant, machinery and equipment23€551€301▼ 45.4%
Furniture and vehicles24€901€2,483▲ 176%
Current assets29/58€21,489€34,570▲ 60.9%
Amounts receivable within one year40/41€9,372€13,446▲ 43.5%
Trade receivables40€8,640€9,564▲ 10.7%
Other amounts receivable41€731€3,882▲ 431%
Cash at bank and in hand54/58€11,036€20,066▲ 81.8%
Deferred charges and accrued income490/1€1,081€1,058▼ 2.2%
Equity and liabilities
Total equity and liabilities10/49€22,941€37,354▲ 62.8%
Equity10/15€20,166€7,769▼ 61.5%
Contributions10/11€3,000€3,000=
Reserves13€17,166€17,166=
Distributable reserves133€17,166€17,166=
Profit (loss) carried forward14--€12,397-
Amounts payable17/49€2,775€29,585▲ 966%
Amounts payable within one year42/48€2,645€29,455▲ 1,014%
Trade debts44€1,543€2,340▲ 51.6%
Suppliers440/4€1,543€2,340▲ 51.6%
Taxes, remuneration and social security45€21--
Taxes450/3€21--
Other amounts payable47/48€1,081€27,115▲ 2,408%
Accrued charges and deferred income492/3€130€130=
Line20242025Change
Profit (loss) for the period9904€18,025-€12,397▼ 169%
+ Depreciation and write-downs630€498€1,046▲ 110%
Operating cash flow (approximation)€18,523-€11,351▼ 161%
Investment in fixed assets (approximation)--€2,378-
Change in cash-€9,029-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
17-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Genappe · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
5,727 m²
Building footprint
983 m²
Volume, LiDAR
22,184 m³
2 parcels, Wallonia · tallest building 30.8 m, ±9 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
SDU
Boulevard de La Dodaine 50, 1400 NivellesOther education
since 20242.358.749.592
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25782D1107/00F000 Wallonia 3,216 m² 1 · 811 m² 30.8 m · 9 fl.
25034D0150/00C000 Wallonia 2,512 m² 1 · 172 m² 8.8 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.

Recognitions · licences · registrations

Legal Entity Identifier

254900KQVAITI0E55J21
live in the LEI register

Identification & contact

Identification
Legal formPrivate limited company
Founded12-03-2024
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:1007045882
Also 9925:BE1007045882
Registered 25-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.