Losses
Every financial year from 2014 to 2022 closed with a loss. 2022 was the heaviest.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything. Once a deadline has passed, it is too late for that step.
If this company owes you money, you are not paid automatically. You file your claim yourself, within the deadline the judgment sets.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
Embed the SDV company card in your article about this bankruptcy: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Every financial year from 2014 to 2022 closed with a loss. 2022 was the heaviest.
Of this, €232,811 falls due within a year.
Four of the last ten came late. The 2019 accounts came latest: 110 days after the end of the period.
Equity fell from €3,393 in 2017 to -€42,312 in 2022, while debts rose from €234,677 to €235,352.
On 12 March 2026 the court declared SDV bankrupt. Parent company ARTMA is bankrupt too.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €50,000 and €260,000.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
193,040 | 189,587 | 201,730 | 211,781 | 225,807 | 238,070 | 265,748 | 286,334 | 300,028 | 314,439 | 374,376 | 363,244 | 362,987 | 363,250 | |
21/28 |
177,678 | 188,627 | 199,784 | 211,568 | 223,653 | 237,816 | 262,608 | 276,775 | 290,942 | 303,440 | 317,440 | 323,083 | 336,362 | 345,273 | |
22/27 |
177,678 | 188,627 | 199,784 | 211,568 | 223,653 | 237,816 | 262,608 | 276,775 | 290,942 | 303,440 | 317,440 | 323,083 | 336,362 | 345,273 | |
22 |
177,678 | 188,627 | 199,784 | 211,568 | 223,653 | 237,816 | 262,608 | 276,775 | 290,942 | 303,440 | 317,440 | 323,083 | 336,247 | 344,695 | |
23 |
- | - | - | - | - | - | - | - | - | - | - | - | 115 | 259 | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 319 | |
29/58 |
15,361 | 960 | 1,946 | 213 | 2,154 | 254 | 3,140 | 9,559 | 9,086 | 10,999 | 56,936 | 40,161 | 26,624 | 17,977 | |
3 |
- | - | - | - | - | - | - | - | - | - | 3,007 | 3,007 | 3,007 | 3,007 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | 3,007 | 3,007 | 3,007 | 3,007 | |
40/41 |
15,285 | - | - | - | - | - | - | 8,316 | 7,604 | 10,346 | 52,289 | 34,715 | 19,304 | 14,276 | |
40 |
- | - | - | - | - | - | - | - | - | 3,134 | 45,511 | 24,153 | 9,233 | 4,408 | |
41 |
15,285 | - | - | - | - | - | - | 8,316 | 7,604 | 7,212 | 6,778 | 10,562 | 10,072 | 9,868 | |
54/58 |
- | 960 | 1,016 | 213 | 2,154 | 254 | 1,642 | 855 | 213 | 304 | 1,207 | 1,866 | 2,820 | 288 | |
490/1 |
76 | - | 930 | - | - | - | 1,498 | 387 | 1,269 | 350 | 434 | 573 | 1,493 | 406 | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
193,040 | 189,587 | 201,730 | 211,781 | 225,807 | 238,070 | 265,748 | 286,334 | 300,028 | 314,439 | 374,376 | 363,244 | 362,987 | 363,250 | |
10/15 |
-42,312 | -22,899 | -18,523 | -14,314 | -7,620 | 3,393 | -59,482 | -43,204 | -24,626 | -5,635 | -6,208 | -15,748 | -23,206 | -23,859 | |
10/11 |
18,615 | 18,615 | 18,615 | 18,615 | 18,615 | 18,615 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | 18,615 | 18,615 | 18,615 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
128 | 128 | 128 | 128 | 128 | 128 | 128 | 128 | 128 | 128 | 128 | 128 | 128 | 127 | |
130/1 |
128 | 128 | 128 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | 128 | 128 | 128 | 128 | 128 | 128 | 128 | 128 | 128 | 128 | 127 | |
1311 |
128 | 128 | 128 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-61,055 | -41,641 | -37,266 | -33,056 | -26,362 | -15,349 | -78,210 | -61,931 | -43,354 | -24,363 | -24,936 | -34,476 | -41,933 | -42,586 | |
17/49 |
235,352 | 212,486 | 220,253 | 226,094 | 233,427 | 234,677 | 325,231 | 329,538 | 324,655 | 320,074 | 380,584 | 378,992 | 386,192 | 387,109 | |
17 |
- | 126,719 | 145,420 | 163,163 | 179,998 | 195,970 | 221,980 | 235,802 | 250,582 | 265,173 | 279,046 | 284,368 | 294,996 | 305,080 | |
170/4 |
- | 126,719 | 145,420 | 163,163 | 179,998 | 195,970 | 221,980 | 235,802 | 250,582 | 265,173 | 279,046 | 284,368 | 294,996 | 305,080 | |
42/48 |
232,811 | 74,587 | 68,033 | 58,533 | 49,031 | 36,468 | 95,748 | 87,713 | 69,041 | 47,411 | 95,518 | 91,007 | 87,266 | 74,334 | |
42 |
- | 18,701 | 17,743 | 16,835 | 15,973 | 15,155 | 13,823 | 14,780 | 14,591 | 13,874 | 13,193 | 10,628 | 10,084 | 9,567 | |
43 |
217,394 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
217,394 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
13,550 | 13,875 | 9,350 | 6,121 | 3,323 | 594 | 1,113 | 3,867 | 2,776 | 8,229 | 17,066 | 16,864 | 16,740 | 19,582 | |
440/4 |
13,550 | 13,875 | 9,350 | 6,121 | 3,323 | 594 | 1,113 | 3,867 | 2,776 | 8,229 | 17,066 | 16,864 | 16,740 | 19,582 | |
45 |
- | - | - | - | - | - | 1,042 | 1,042 | 1,042 | 8,395 | 6,366 | 7,181 | 10,513 | 794 | |
450/3 |
- | - | - | - | - | - | 1,042 | 1,042 | 1,042 | 4,689 | 2,256 | 3,266 | 7,464 | 794 | |
454/9 |
- | - | - | - | - | - | - | - | - | 3,706 | 4,110 | 3,915 | 3,048 | - | |
47/48 |
1,866 | 42,012 | 40,940 | 35,577 | 29,735 | 20,720 | 79,770 | 68,025 | 50,633 | 16,913 | 58,894 | 56,334 | 49,929 | 44,391 | |
492/3 |
2,541 | 11,179 | 6,800 | 4,398 | 4,398 | 2,239 | 7,503 | 6,022 | 5,032 | 7,490 | 6,020 | 3,617 | 3,931 | 7,695 | |
| Income statement | |||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | 10 | - | - | |
9900 |
14,302 | 17,964 | 17,675 | 17,029 | 15,629 | 6,432 | 14,314 | 13,083 | 12,392 | 61,318 | 65,346 | 62,067 | 48,870 | 5,857 | |
62 |
- | - | - | - | - | - | - | - | 27 | 23,311 | 22,352 | 21,327 | 15,810 | - | |
630 |
10,948 | 11,157 | 11,784 | 12,085 | 14,164 | 10,625 | 14,167 | 14,167 | 14,167 | 14,000 | 14,000 | 13,280 | 13,308 | 11,830 | |
631/4 |
- | - | - | - | - | - | - | - | - | -6,014 | - | - | - | - | |
640/8 |
3,375 | 2,456 | 906 | 1,378 | 1,320 | 1,523 | 1,536 | 1,385 | 2,823 | 2,136 | 1,466 | 1,343 | 1,575 | 1,553 | |
66A |
- | - | - | - | - | - | - | - | - | 9,021 | - | - | 319 | - | |
9901 |
-21 | 4,351 | 4,985 | 3,567 | 145 | -5,716 | -1,388 | -2,469 | -4,626 | 27,885 | 27,529 | 26,117 | 18,177 | -7,526 | |
75/76B |
2,988 | - | - | - | - | - | - | 387 | 1,679 | 350 | 435 | 518 | 520 | 406 | |
75 |
2,988 | - | - | - | - | - | - | 387 | 1,679 | 350 | 435 | 518 | 520 | 406 | |
65/66B |
22,380 | 8,726 | 9,194 | 10,261 | 11,158 | 9,633 | 14,890 | 16,496 | 16,044 | 18,346 | 18,263 | 19,188 | 17,726 | 11,518 | |
65 |
22,380 | 8,726 | 9,194 | 10,261 | 11,158 | 9,633 | 14,890 | 16,496 | 16,044 | 18,346 | 18,263 | 19,188 | 17,726 | 11,518 | |
9903 |
-19,414 | -4,375 | -4,210 | -6,694 | -11,013 | -15,349 | -16,279 | -18,577 | -18,991 | 868 | 9,701 | 7,457 | 653 | -18,638 | |
67/77 |
- | - | - | - | - | - | - | - | - | 295 | 161 | - | - | - | |
9904 |
-19,414 | -4,375 | -4,210 | -6,694 | -11,013 | -15,349 | -16,279 | -18,577 | -18,991 | 573 | 9,540 | 7,457 | 653 | -18,638 | |
9905 |
-19,414 | -4,375 | -4,210 | -6,694 | -11,013 | -15,349 | -16,279 | -18,577 | -18,991 | 573 | 9,540 | 7,457 | 653 | -18,638 | |
| Appropriation of the result | |||||||||||||||
9906 |
-61,055 | -41,641 | -37,266 | -33,056 | -26,362 | -109,015 | -78,210 | -61,931 | -43,354 | -24,363 | -24,936 | -34,476 | -41,933 | -42,586 | |
14P |
-41,641 | -37,266 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | 93,665 | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | 0.6 | 0.6 | 0.6 | 0.4 | - | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | 1,040 | 1,091 | 1,136 | 815 | - | |
| Document | |||||||||||||||
The accounts for 21 older financial years (1987-2007) were filed as documents without figures as data, scans for example.
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2022 (PDF), filed on 19-06-2023.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 19-06-2023 | 2023-00141134 | |
| 31-12-2021 | micro format | 17-10-2022 | 2022-20468503 | |
| 31-12-2020 | micro format | 23-08-2021 | 2021-51500543 | |
| 31-12-2019 | micro format | 18-11-2020 | 2020-70900191 | |
| 31-12-2018 | micro format | 21-06-2019 | 2019-20800470 | |
| 31-12-2017 | micro format | 20-07-2018 | 2018-35400467 | |
| 31-03-2017 | abbreviated format | 26-06-2017 | 2017-21000338 | |
| 31-03-2016 | abbreviated format | 20-09-2016 | 2016-60300199 | |
| 31-03-2015 | abbreviated format | 21-09-2015 | 2015-59100351 | |
| 31-03-2014 | abbreviated format | 30-09-2014 | 2014-62100214 | |
| 31-03-2013 | abbreviated format | 25-11-2013 | 2013-66600579 | |
| 31-03-2012 | abbreviated format | 29-11-2012 | 2012-65200101 | |
| 31-03-2011 | abbreviated format | 31-10-2011 | 2011-59400052 | |
| 31-03-2010 | abbreviated format | 26-10-2010 | 2010-59200172 | |
| 31-03-2009 | abbreviated format | 02-12-2009 | 2009-87700110 | |
| 30-06-2007 | abbreviated format | 17-12-2007 | 2007-82600311 | |
| 30-06-2006 | abbreviated format | 08-01-2007 | 2007-00100149 | |
| 30-06-2005 | abbreviated format | 28-12-2005 | 2005-91500082 | |
| 30-06-2004 | abbreviated format | 18-01-2005 | 2005-01700034 | |
| 30-06-2003 | abbreviated format | 20-01-2004 | 2004-01500225 | |
| 30-06-2002 | abbreviated format | 30-12-2002 | 2002-78600161 | |
| 30-06-2001 | abbreviated format | 21-12-2001 | 2001-77100034 | |
| 30-06-2000 | abbreviated format | 21-05-2001 | 2001-13100243 | |
| 30-06-1999 | abbreviated format | 10-12-1999 | 1999-62304613 | |
| 30-06-1998 | abbreviated format | 18-01-1999 | 1999-00902829 | |
| 30-06-1997 | abbreviated format | 19-12-1997 | 1997-56903475 | |
| 30-06-1996 | abbreviated format | 24-12-1996 | 1996-54504854 | |
| 31-07-1995 | abbreviated format | 05-02-1996 | 1996-01902525 | |
| 31-07-1994 | abbreviated format | 02-02-1995 | 1995-01704726 | |
| 31-07-1993 | abbreviated format | 28-01-1994 | 1994-01601529 | |
| 31-07-1992 | abbreviated format | 26-01-1993 | 1993-01400464 | |
| 31-07-1991 | abbreviated format | 21-02-1992 | 1992-02100484 | |
| 31-07-1990 | abbreviated format | 25-07-1991 | 1991-20403816 | |
| 31-07-1989 | abbreviated format | 08-03-1990 | 1990-01805413 | |
| 31-07-1988 | abbreviated format | 23-02-1989 | 1989-01400823 | |
| 31-07-1987 | abbreviated format | 29-01-1988 | 1988-00705239 |
| Line | Trend | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10,927 | 15,508 | 16,769 | 15,652 | 14,309 | 4,909 | 12,779 | 11,698 | 9,541 | 41,885 | 41,529 | 39,397 | 31,485 | 4,304 | ||
| -8,465 | 6,782 | 7,574 | 5,391 | 3,151 | -4,724 | -2,112 | -4,410 | -4,824 | 14,573 | 23,540 | 20,737 | 13,961 | -6,808 | ||
| 0 | 0 | 0 | 0 | 0 | -14,167 | 0 | 0 | 1,669 | -0 | 8,357 | 1 | 4,716 | 356,033 | ||
| - | -55 | 803 | -1,941 | 1,900 | -1,388 | 787 | 642 | -91 | -903 | -659 | -954 | 2,532 | - | ||
| -217,450 | -73,627 | -66,087 | -58,320 | -46,876 | -36,214 | -92,608 | -78,154 | -59,955 | -36,412 | -38,582 | -50,846 | -60,641 | -56,357 | ||
| -21.9% | -12.1% | -9.2% | -6.8% | -3.4% | 1.4% | -22.4% | -15.1% | -8.2% | -1.8% | -1.7% | -4.3% | -6.4% | -6.6% | ||
| 0.07 | 0.01 | 0.03 | 0.00 | 0.04 | 0.01 | 0.03 | 0.11 | 0.13 | 0.23 | 0.60 | 0.44 | 0.31 | 0.24 | ||
| 0.07 | 0.01 | 0.03 | 0.00 | 0.04 | 0.01 | 0.03 | 0.11 | 0.13 | 0.23 | 0.56 | 0.41 | 0.27 | 0.20 | ||
| - | - | - | - | - | 69.16 | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | -452.4% | - | - | - | - | - | - | - | - | ||
| -10.1% | -2.3% | -2.1% | -3.2% | -4.9% | -6.4% | -6.1% | -6.5% | -6.3% | 0.2% | 2.5% | 2.1% | 0.2% | -5.1% | ||
| 0.49 | 1.78 | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2022 is a loss of €21, after a profit of €4,351 in 2021. It is the lowest result since 2017.
Equity is negative. Debt (€235,352) exceeds the balance-sheet total (€193,040).
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 30-06-2023 accounts of ARTMA. Every holding stands with its own latest accounts.
| Architektenburo MAS
registered office since 09-08-2017 · founded in 2017 |
1.7 FTE (2025) 0679.704.239 |
| ARTMA
registered office since 10-08-1999 · founded in 1999 |
2.4 FTE (2023) 0466.429.052 |
| D-CORP
establishment since 12-12-2025 · founded in 2015 |
0.9 FTE (2025) 0634.999.612 |
The network starts from the directors of SDV. Every other company they run is a node.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| SPIERS registered office Deinzestraat 64, 9700 Oudenaarde 47716 Retail sale of clothing and accessories for women, men, children and babies (general range) | 20-08-1986 | 2.035.335.162 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 45508A0373/00T000 | 206 m² | 1 · 188 m² | 25.9 m · 2 |
If something looks wrong or is missing, please tell us.