SDVR
ActiveSummary
SDVR has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €510,000 and a net result of €926,609. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 34% of 231 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability97▲+4
Solvency37=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.19 in 2025; short-term debt: 72.4% and cash: 33.7% of total assets), and 87.6% of the assets are financed with debt.
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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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 2026Solvency, return and age of the figures
Solvency
12.4%
Return on assets
22.5%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 18-09-2026, 43 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2026
43 d early
2025
43 d early
2024
1 d early
2023
14 d late
2022
30 d late
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-03-2027 close31-10-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2026, abbreviated schema
Equity
€510,000=
2025 · €510,000
Total assets
€4.1m▼ 4.9%
2025 · €4.3m
Net result
€926,609▲ 9.1%
2025 · €849,699
Working capital
€605,559▲ 10.1%
2025 · €549,786
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
Line20222023202420252026
Operating result€579,469▲ 4.4%€733,244▲ 26.5%€1.4m▲ 84.4%€1.2m▼ 13.3%€1.3m▲ 13.8%
Net result€355,721▲ 22.8%€470,865▲ 32.4%€967,181▲ 105%€849,699▼ 12.1%€926,609▲ 9.1%
Equity€655,446▲ 119%€1.1m▲ 71.8%€510,000▼ 54.7%€510,000=€510,000=
Total assets€4.0m▲ 4.1%€4.7m▲ 17.5%€5.3m▲ 13.8%€4.3m▼ 18.5%€4.1m▼ 4.9%
Debt€3.3m▼ 5.7%€3.5m▲ 6.8%€4.8m▲ 35.6%€3.8m▼ 20.5%€3.6m▼ 5.5%
Working capital€1.1m▲ 77.6%€1.6m▲ 43.6%€562,213▼ 63.9%€549,786▼ 2.2%€605,559▲ 10.1%
Staff (FTE)38.6▲ 53.2%33▼ 14.5%29.4▼ 10.9%30.4▲ 3.4%36.8▲ 21.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 14% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €4.1m
Fixed assets
€529,682 ▼ 39.7%
Current assets
€3.6m ▲ 4.0%
Equity and liabilities €4.1m
Equity
€510,000 =
Debt
€3.6m ▼ 5.5%
Debt's share of the balance-sheet total falls from 88.2% to 87.6%. Debt is lower.
Key figures and ratios
EBITDA
€1.7m▲
2025 · €1.5m
Cash flow
€1.3m▲
2025 · €1.2m
Current ratio
1.20▲
2025 · 1.19
Quick ratio
1.04▲
2025 · 1.04
Debt to equity
7.08▼
2025 · 7.49
ROE
181.7%▲
2025 · 166.6%
ROA
22.5%▲
2025 · 19.6%
Interest coverage
22.26▼
2025 · 26.53
Debt ≤ 1 year
€3.0m▲
2025 · €2.9m
Debt > 1 year
€625,241▼
2025 · €890,492
Income taxes
€330,074▲
2025 · €306,097
Staff costs
€1.6m▲
2025 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €78,936 | €12,765 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €1.3m | €1.3m | €1.2m | €1.4m | €1.6m | ▲ 16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €331,707 | €292,144 | €363,204 | €364,717 | €369,575 | ▲ 1.3% |
| Other operating charges640/8 | €3,811 | €3,659 | €40,202 | €32,204 | €3,997 | ▼ 87.6% |
| Non-recurring operating charges66A | €15,870 | - | €6,153 | €0 | €2,973 | - |
| Gross operating margin9900 | €2.2m | €2.3m | €2.9m | €2.9m | €3.3m | ▲ 12.3% |
| Operating profit (loss)9901 | €579,469 | €733,244 | €1.4m | €1.2m | €1.3m | ▲ 13.8% |
| Financial income75/76B | €50 | - | €25,157 | €41,898 | €33 | ▼ 99.9% |
| Recurring financial income75 | €50 | - | €25,157 | €41,898 | €33 | ▼ 99.9% |
| Financial charges65/66B | €92,290 | €87,465 | €67,205 | €57,915 | €76,506 | ▲ 32.1% |
| Recurring financial charges65 | €92,290 | €87,465 | €67,205 | €57,915 | €76,506 | ▲ 32.1% |
| Profit (loss) for the period before taxes9903 | €487,228 | €645,779 | €1.3m | €1.2m | €1.3m | ▲ 8.7% |
| Income taxes67/77 | €131,507 | €174,914 | €342,922 | €306,097 | €330,074 | ▲ 7.8% |
| Profit (loss) for the period9904 | €355,721 | €470,865 | €967,181 | €849,699 | €926,609 | ▲ 9.1% |
| Profit (loss) for the period to be appropriated9905 | €355,721 | €470,865 | €967,181 | €849,699 | €926,609 | ▲ 9.1% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.0m | €4.7m | €5.3m | €4.3m | €4.1m | ▼ 4.9% |
| Formation expenses20 | €43,123 | €23,333 | €0 | - | - | - |
| Fixed assets21/28 | €1.5m | €1.4m | €1.1m | €878,239 | €529,682 | ▼ 39.7% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | €1.1m | €878,239 | €529,682 | ▼ 39.7% |
| Plant, machinery and equipment23 | €1.0m | €913,032 | €722,019 | €519,195 | €294,416 | ▼ 43.3% |
| Furniture and vehicles24 | - | - | €17,366 | €15,038 | €9,089 | ▼ 39.6% |
| Other tangible fixed assets26 | €497,940 | €447,829 | €407,457 | €344,005 | €226,177 | ▼ 34.3% |
| Current assets29/58 | €2.4m | €3.3m | €4.2m | €3.5m | €3.6m | ▲ 4.0% |
| Stocks and contracts in progress3 | €411,916 | €492,662 | €469,514 | €447,819 | €475,209 | ▲ 6.1% |
| Stocks30/36 | €411,916 | €492,662 | €469,514 | €447,819 | €475,209 | ▲ 6.1% |
| Amounts receivable within one year40/41 | €1.8m | €1.8m | €2.3m | €2.0m | €1.7m | ▼ 17.2% |
| Trade receivables40 | €56,355 | €227,981 | €45,011 | €1,575 | €3,115 | ▲ 97.8% |
| Other amounts receivable41 | €1.7m | €1.6m | €2.3m | €2.0m | €1.7m | ▼ 17.3% |
| Cash at bank and in hand54/58 | €208,191 | €978,443 | €1.3m | €881,043 | €1.4m | ▲ 57.8% |
| Deferred charges and accrued income490/1 | €40,055 | €14,834 | €107,908 | €96,284 | €46,100 | ▼ 52.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.0m | €4.7m | €5.3m | €4.3m | €4.1m | ▼ 4.9% |
| Equity10/15 | €655,446 | €1.1m | €510,000 | €510,000 | €510,000 | = |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €645,446 | €1.1m | €500,000 | €500,000 | €500,000 | = |
| Distributable reserves133 | €645,446 | €1.1m | €500,000 | €500,000 | €500,000 | = |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €3.3m | €3.5m | €4.8m | €3.8m | €3.6m | ▼ 5.5% |
| Amounts payable after more than one year17 | €2.0m | €1.8m | €1.2m | €890,492 | €625,241 | ▼ 29.8% |
| Financial debts170/4 | €1.6m | €1.4m | €1.2m | €890,492 | €625,241 | ▼ 29.8% |
| Trade debts175 | €372,161 | €387,665 | - | - | - | - |
| Other amounts payable178/9 | - | - | €0 | - | - | - |
| Amounts payable within one year42/48 | €1.3m | €1.7m | €3.6m | €2.9m | €3.0m | ▲ 2.8% |
| Current portion of amounts payable after more than one year42 | €243,750 | €264,467 | €264,725 | €264,986 | €265,250 | ▲ 0.1% |
| Trade debts44 | €718,391 | €968,074 | €1.4m | €1.4m | €1.3m | ▼ 3.6% |
| Suppliers440/4 | €718,391 | €968,074 | €1.4m | €1.4m | €1.3m | ▼ 3.6% |
| Taxes, remuneration and social security45 | €363,036 | €487,796 | €322,321 | €389,932 | €418,568 | ▲ 7.3% |
| Taxes450/3 | €145,745 | €234,420 | €127,038 | €169,123 | €170,704 | ▲ 0.9% |
| Remuneration and social security454/9 | €217,291 | €253,375 | €195,282 | €220,808 | €247,864 | ▲ 12.3% |
| Other amounts payable47/48 | €3,569 | €6,599 | €1.6m | €849,699 | €953,308 | ▲ 12.2% |
| Accrued charges and deferred income492/3 | €18,162 | €8,000 | €43,578 | €27,533 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €355,721 | €470,865 | €967,181 | €849,699 | €926,609 | ▲ 9.1% |
| + Depreciation and write-downs630 | €331,707 | €292,144 | €363,204 | €364,717 | €369,575 | ▲ 1.3% |
| Operating cash flow (approximation) | €687,428 | €763,008 | €1.3m | €1.2m | €1.3m | ▲ 6.7% |
| Investment in fixed assets (approximation) | - | -€136,903 | -€149,184 | -€96,113 | -€21,019 | ▲ 78.1% |
| Change in cash | - | €770,252 | €311,221 | -€408,621 | €508,962 | ▲ 225% |
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 2027, expected by
2026
18-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2021net €967,181 ▲105%
Operating result €1.4m, net result €967,181, both a record.
2023
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
31-03
Financial
Equity above €1mEq €1.1m ▲71.8%
3 profitable years in a row build equity to €1.1m.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
31-03
Financial
Equity above €500,000Eq €655,446 ▲119%
2 profitable years in a row build equity to €655,446.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 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, Hasselt · 1 establishment unit since 2019
Ground area
9,728 m²
Building footprint
6,871 m²
Volume, LiDAR
51,147 m³
Parcel 71483C0096/00H000, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Albert Heijn
since 20192.289.088.746
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71483C0096/00H000 | Flanders | 9,728 m² | 1 · 6,871 m² | 9.7 m · 3 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 37,003 EUR awarded · 37,003 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 8,715 EUR | 8,715 EUR |
| 2024 | 1 | 4,178 EUR | 4,178 EUR |
| 2023 | 4 | 13,805 EUR | 13,805 EUR |
| 2022 | 3 | 10,305 EUR | 10,305 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyHasselt2.289.088.746
Dual-learning approval
9 live approvals · 6 endedCommercieel assistent (vwo)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Logistiek duaal (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Show 3 more
Onthaal, organisatie en sales duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Show 6 ended approvals
Aanvuller (so)
Kassier (so)
Verkoper (so)
Winkelbediende (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 12,956 companies in sector 47120 we hold annual accounts for 2,191. 1,104 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
Founded02-05-2019
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47120Other non-specialised retail sale
Scores and ratios are computed by Checked and are not a credit decision.