SDV
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-07-2026 at the NBB all 6 filings
Turnover
≈ €130,000
Estimated: probably between €94,000 and €160,000
Total assets
€271,996▲ 10.0%
2024 · €247,159
Net result
€33,062▲ 21.6%
2024 · €27,199
Working capital
-€4,036▲ 83.4%
2024 · -€24,269
Trend over the years
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result for 2025 is 22% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Operating result€56,937
2025
Net result€33,062
2025
Total assets€271,996
2025
Equity€173,781
2025
Debt€98,214
2025
Working capital-€4,036
2025
Return on assets (ROA)12.2%
2025
Solvency63.9%
2025
Current ratio0.96
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€17,263-€33,132▲ 91.9%€38,928▲ 17.5%€47,938▲ 23.1%€46,716▼ 2.5%€56,937▲ 21.9%
Net result€11,117within the sector's middle half-€18,543within the sector's middle half▲ 66.8%€22,995within the sector's middle half▲ 24.0%€56,900within the sector's middle half▲ 147%€27,199within the sector's middle half▼ 52.2%€33,062within the sector's middle half▲ 21.6%
Equity€15,083below the sector's middle half-€33,626within the sector's middle half▲ 123%€56,621within the sector's middle half▲ 68.4%€113,521within the sector's middle half▲ 100%€140,719within the sector's middle half▲ 24.0%€173,781within the sector's middle half▲ 23.5%
Total assets€220,546within the sector's middle half-€220,776within the sector's middle half▲ 0.1%€211,448within the sector's middle half▼ 4.2%€236,797within the sector's middle half▲ 12.0%€247,159within the sector's middle half▲ 4.4%€271,996within the sector's middle half▲ 10.0%
Debt€205,462-€187,150▼ 8.9%€154,827▼ 17.3%€123,276▼ 20.4%€106,439▼ 13.7%€98,214▼ 7.7%
Working capital-€87,886below the sector's middle half--€95,182below the sector's middle half▼ 8.3%-€94,519below the sector's middle half▲ 0.7%-€61,283below the sector's middle half▲ 35.2%-€24,269below the sector's middle half▲ 60.4%-€4,036below the sector's middle half▲ 83.4%
Solvency6.8%below the sector's middle half-15.2%below the sector's middle half▲ 8.4pp26.8%within the sector's middle half▲ 11.5pp47.9%within the sector's middle half▲ 21.2pp56.9%within the sector's middle half▲ 9.0pp63.9%within the sector's middle half▲ 7.0pp
Current ratio0.15below the sector's middle half-0.20below the sector's middle half▲ 0.050.20below the sector's middle half=0.43below the sector's middle half▲ 0.220.76below the sector's middle half▲ 0.330.96below the sector's middle half▲ 0.20
Return on assets (ROA)5.0%within the sector's middle half-8.4%within the sector's middle half▲ 3.4pp10.9%within the sector's middle half▲ 2.5pp24.0%within the sector's middle half▲ 13.2pp11.0%within the sector's middle half▼ 13.0pp12.2%within the sector's middle half▲ 1.2pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €271,996
Fixed assets
€183,197 ▲ 7.5%
Current assets
€88,799 ▲ 16.1%
Equity and liabilities €271,996
Equity
€173,781 ▲ 23.5%
Debt
€98,214 ▼ 7.7%
Debt's share of the balance-sheet total falls from 43.1% to 36.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60,724▲
2024 · €55,430
Cash flow
€36,849▲
2024 · €35,913
Debt to equity
0.57▼
2024 · 0.76
ROE
19.0%▼
2024 · 19.3%
Interest coverage
10.50▲
2024 · 8.65
Debt ≤ 1 year
€92,835▼
2024 · €100,737
Income taxes
€18,094▲
2024 · €13,112
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €14,876 | - | €16,292 |
| Depreciation and write-downs of the year | €9,496 | €10,906 | €8,714 | €3,787 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as SDV: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €255,000 and €320,000, founded between 2019 and 2021.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| SDV Knokke-Heist | 2020 | €271,996 | €173,781 | €61,496 | - | €33,062 | 2025 |
| Jammo Roeselare | 2021 | €257,053 | €59,194 | €59,347 | - | €68,134 | 2025 |
| DIFERA Anzegem | 2020 | €262,929 | €208,765 | €71,401 | - | €50,380 | 2025 |
| TEN DULLAERDE Wervik | 2020 | €320,060 | €49,091 | €58,961 | €158,405 | €37,370 | 2025 |
| Planetary Logic Brugge | 2019 | €293,677 | €92,545 | €70,960 | - | €58,008 | 2024 |
| AIDERA Ichtegem | 2020 | €281,617 | €162,075 | €73,670 | - | €46,786 | 2026 |
| GAEVAN Wevelgem | 2020 | €254,770 | €147,649 | €73,501 | - | €24,667 | 2025 |
They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,326 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,076 | €9,297 | €9,496 | €10,906 | €8,714 | €3,787 | ▼ 56.5% |
| Other operating charges640/8 | - | - | €112 | €655 | €1,176 | €772 | ▼ 34.4% |
| Gross operating margin9900 | €18,339 | €42,634 | €48,535 | €59,499 | €56,606 | €61,496 | ▲ 8.6% |
| Operating profit (loss)9901 | €17,263 | €33,132 | €38,928 | €47,938 | €46,716 | €56,937 | ▲ 21.9% |
| Financial income75/76B | - | - | - | €41,500 | €2 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €41,500 | €2 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | - | - | €41,500 | €0 | - | - |
| Financial charges65/66B | - | - | €4,327 | €5,061 | €6,407 | €5,781 | ▼ 9.8% |
| Recurring financial charges65 | €1,055 | €4,816 | €4,327 | €5,061 | €6,407 | €5,781 | ▼ 9.8% |
| Profit (loss) for the period before taxes9903 | €16,207 | €28,315 | €34,600 | €84,377 | €40,311 | €51,156 | ▲ 26.9% |
| Income taxes67/77 | €5,090 | €9,772 | €11,605 | €27,477 | €13,112 | €18,094 | ▲ 38.0% |
| Profit (loss) for the period9904 | €11,117 | €18,543 | €22,995 | €56,900 | €27,199 | €33,062 | ▲ 21.6% |
| Profit (loss) for the period to be appropriated9905 | €11,117 | €18,543 | €22,995 | €56,900 | €27,199 | €33,062 | ▲ 21.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €220,546 | €220,776 | €211,448 | €236,797 | €247,159 | €271,996 | ▲ 10.0% |
| Formation expenses20 | €1,822 | €1,417 | €1,011 | €606 | €201 | €0 | ▼ 100% |
| Fixed assets21/28 | €203,328 | €195,188 | €186,097 | €190,473 | €170,491 | €183,197 | ▲ 7.5% |
| Tangible fixed assets22/27 | €43,328 | €35,188 | €26,097 | €30,473 | €10,491 | €23,197 | ▲ 121% |
| Plant, machinery and equipment23 | - | - | €449 | €199 | €0 | €673 | - |
| Furniture and vehicles24 | - | - | €25,648 | €30,274 | €10,491 | €22,524 | ▲ 115% |
| Financial fixed assets28 | €160,000 | €160,000 | €160,000 | €160,000 | €160,000 | €160,000 | = |
| Current assets29/58 | €15,396 | €24,172 | €24,339 | €45,718 | €76,467 | €88,799 | ▲ 16.1% |
| Amounts receivable within one year40/41 | €10,282 | €16,069 | €12,239 | €35,386 | €28,974 | €59,200 | ▲ 104% |
| Trade receivables40 | - | - | €12,225 | €11,386 | €12,959 | €51,024 | ▲ 294% |
| Other amounts receivable41 | - | - | €14 | €24,000 | €16,015 | €8,176 | ▼ 48.9% |
| Cash at bank and in hand54/58 | €3,026 | €5,784 | €9,697 | €7,865 | €45,386 | €27,089 | ▼ 40.3% |
| Deferred charges and accrued income490/1 | - | - | €2,404 | €2,467 | €2,107 | €2,509 | ▲ 19.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €220,546 | €220,776 | €211,448 | €236,797 | €247,159 | €271,996 | ▲ 10.0% |
| Equity10/15 | €15,083 | €33,626 | €56,621 | €113,521 | €140,719 | €173,781 | ▲ 23.5% |
| Contributions10/11 | - | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €10,083 | €28,626 | €51,621 | €108,521 | €135,719 | €168,781 | ▲ 24.4% |
| Distributable reserves133 | - | - | €51,621 | €108,521 | €135,719 | €168,781 | ▲ 24.4% |
| Amounts payable17/49 | €205,462 | €187,150 | €154,827 | €123,276 | €106,439 | €98,214 | ▼ 7.7% |
| Amounts payable after more than one year17 | €102,129 | €67,796 | €33,250 | €12,250 | €0 | - | - |
| Financial debts170/4 | - | - | €33,250 | €12,250 | €0 | - | - |
| Amounts payable within one year42/48 | €103,281 | €119,353 | €118,858 | €107,001 | €100,737 | €92,835 | ▼ 7.8% |
| Current portion of amounts payable after more than one year42 | - | - | €34,546 | €21,000 | €12,250 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | - | €15 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | €15 | €0 | ▼ 100% |
| Trade debts44 | €2,302 | €6,459 | €122 | €1,409 | €1,422 | €1,108 | ▼ 22.1% |
| Suppliers440/4 | - | - | €122 | €1,409 | €1,422 | €1,108 | ▼ 22.1% |
| Taxes, remuneration and social security45 | - | - | €14,605 | €14,919 | €14,237 | €14,845 | ▲ 4.3% |
| Taxes450/3 | - | - | €12,790 | €12,889 | €12,207 | €12,815 | ▲ 5.0% |
| Remuneration and social security454/9 | - | - | €1,815 | €2,030 | €2,030 | €2,030 | = |
| Other amounts payable47/48 | - | - | €69,585 | €69,673 | €72,812 | €76,882 | ▲ 5.6% |
| Accrued charges and deferred income492/3 | - | - | €2,719 | €4,025 | €5,703 | €5,380 | ▼ 5.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,117 | €18,543 | €22,995 | €56,900 | €27,199 | €33,062 | ▲ 21.6% |
| + Depreciation and write-downs630 | €1,076 | €9,297 | €9,496 | €10,906 | €8,714 | €3,787 | ▼ 56.5% |
| Operating cash flow (approximation) | €12,193 | €27,840 | €32,490 | €67,805 | €35,913 | €36,849 | ▲ 2.6% |
| Investment in fixed assets (approximation) | - | -€1,156 | -€405 | -€15,281 | €11,268 | -€16,493 | - |
| Change in cash | - | €2,759 | €3,913 | -€1,833 | €37,522 | -€18,298 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-07-2026 | 2026-00332730 | NBB |
| 31-12-2024 | micro format | 30-04-2025 | 2025-00088721 | |
| 31-12-2023 | micro format | 19-08-2024 | 2024-00360159 | |
| 31-12-2022 | micro format | 03-04-2023 | 2023-00055196 | |
| 31-12-2021 | micro format | 17-03-2022 | 2022-07800378 | |
| 31-12-2020 | micro format | 02-07-2021 | 2021-32300498 |