SKD
ActiveSummary
SKD has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45,462 and a net result of €11,259. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 45% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+59
Solvency68▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 0.82 in 2024; short-term debt: 51.6% and cash: 18.2% of total assets), and 57% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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%
Return on assets
10.7%
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 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
on the day
2022
2 d early
2021
1 d early
2020
on the day
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, micro schema
Equity
€45,462▲ 32.9%
2024 · €34,203
Total assets
€105,663▲ 5.1%
2024 · €100,553
Net result
€11,259
2024 · -€14,968
Working capital
€10,943
2024 · -€9,532
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,647▲ 149%-€4,477€5,118-€12,395€16,170
Net result€9,077within the sector's middle half▲ 235%-€5,383below the sector's middle half€2,574within the sector's middle half-€14,968below the sector's middle half€11,259within the sector's middle half
Equity€51,979within the sector's middle half▲ 21.2%€46,596within the sector's middle half▼ 10.4%€49,171within the sector's middle half▲ 5.5%€34,203within the sector's middle half▼ 30.4%€45,462within the sector's middle half▲ 32.9%
Total assets€126,335within the sector's middle half▼ 7.4%€110,915within the sector's middle half▼ 12.2%€122,198within the sector's middle half▲ 10.2%€100,553within the sector's middle half▼ 17.7%€105,663within the sector's middle half▲ 5.1%
Debt€74,355▼ 20.5%€64,319▼ 13.5%€73,027▲ 13.5%€66,350▼ 9.1%€60,200▼ 9.3%
Working capital€49,362▼ 7.3%€34,013▼ 31.1%€18,167▼ 46.6%-€9,532€10,943
Solvency41.1%within the sector's middle half▲ 9.7pp42.0%within the sector's middle half▲ 0.9pp40.2%within the sector's middle half▼ 1.8pp34.0%within the sector's middle half▼ 6.2pp43.0%within the sector's middle half▲ 9.0pp
Staff (FTE)1.4▼ 6.7%1.3▼ 7.1%1.4▲ 7.7%1.3▼ 7.1%1.2▼ 7.7%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16,170 after a loss of €12,395 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105,663
Fixed assets
€40,247 ▼ 31.2%
Current assets
€65,416 ▲ 55.4%
Equity and liabilities €105,663
Equity
€45,462 ▲ 32.9%
Debt
€60,200 ▼ 9.3%
Debt's share of the balance-sheet total falls from 66.0% to 57.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34,720▲
2024 · €6,385
Cash flow
€29,809▲
2024 · €3,812
Current ratio
1.20▲
2024 · 0.82
Quick ratio
1.16▲
2024 · 0.60
Debt to equity
1.32▼
2024 · 1.94
ROE
24.8%▲
2024 · -43.8%
ROA
10.7%▲
2024 · -14.9%
Interest coverage
15.88▲
2024 · 2.70
Debt ≤ 1 year
€54,472▲
2024 · €51,621
Debt > 1 year
€2,877▼
2024 · €14,101
Income taxes
€2,798▲
2024 · €232
Staff costs
€17,297▼
2024 · €20,030
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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%.
| 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 34,672 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €83 | €9,955 | - | - | - |
| Remuneration, social security and pensions62 | €72,775 | €45,802 | €65,671 | €20,030 | €17,297 | ▼ 13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,998 | €9,530 | €15,781 | €18,780 | €18,550 | ▼ 1.2% |
| Other operating charges640/8 | €5,545 | €4,386 | €2,427 | €3,508 | €4,672 | ▲ 33.2% |
| Non-recurring operating charges66A | - | - | - | - | €1,347 | - |
| Gross operating margin9900 | €104,966 | €55,241 | €88,998 | €29,923 | €58,036 | ▲ 93.9% |
| Operating profit (loss)9901 | €14,647 | -€4,477 | €5,118 | -€12,395 | €16,170 | ▲ 230% |
| Financial income75/76B | €88 | €36 | €91 | €25 | €73 | ▲ 193% |
| Recurring financial income75 | €88 | €36 | €91 | €25 | €73 | ▲ 193% |
| Financial charges65/66B | €890 | €712 | €2,154 | €2,366 | €2,186 | ▼ 7.6% |
| Recurring financial charges65 | €890 | €712 | €2,154 | €2,366 | €2,186 | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €13,845 | -€5,154 | €3,055 | -€14,736 | €14,057 | ▲ 195% |
| Income taxes67/77 | €4,768 | €229 | €481 | €232 | €2,798 | ▲ 1,106% |
| Profit (loss) for the period9904 | €9,077 | -€5,383 | €2,574 | -€14,968 | €11,259 | ▲ 175% |
| Profit (loss) for the period to be appropriated9905 | €9,077 | -€5,383 | €2,574 | -€14,968 | €11,259 | ▲ 175% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126,335 | €110,915 | €122,198 | €100,553 | €105,663 | ▲ 5.1% |
| Fixed assets21/28 | €24,618 | €25,783 | €60,317 | €58,464 | €40,247 | ▼ 31.2% |
| Tangible fixed assets22/27 | €24,618 | €25,783 | €60,317 | €58,464 | €40,247 | ▼ 31.2% |
| Plant, machinery and equipment23 | €3,999 | €4,164 | €4,240 | €3,030 | €1,821 | ▼ 39.9% |
| Furniture and vehicles24 | €6,378 | €9,372 | €4,889 | €4,954 | €2,637 | ▼ 46.8% |
| Leasing and similar rights25 | - | - | €41,601 | €31,843 | €22,084 | ▼ 30.6% |
| Other tangible fixed assets26 | €14,241 | €12,248 | €9,587 | €18,637 | €13,705 | ▼ 26.5% |
| Current assets29/58 | €101,717 | €85,132 | €61,880 | €42,089 | €65,416 | ▲ 55.4% |
| Stocks and contracts in progress3 | €10,305 | €10,800 | €10,000 | €11,000 | €2,500 | ▼ 77.3% |
| Stocks30/36 | €10,305 | €10,800 | €10,000 | €11,000 | €2,500 | ▼ 77.3% |
| Amounts receivable within one year40/41 | €70,633 | €39,308 | €36,905 | €22,030 | €38,875 | ▲ 76.5% |
| Trade receivables40 | €62,962 | €30,705 | €28,607 | €13,878 | €38,875 | ▲ 180% |
| Other amounts receivable41 | €7,671 | €8,603 | €8,298 | €8,152 | - | - |
| Cash at bank and in hand54/58 | €16,784 | €30,827 | €10,944 | €5,646 | €19,227 | ▲ 241% |
| Deferred charges and accrued income490/1 | €3,995 | €4,197 | €4,032 | €3,413 | €4,814 | ▲ 41.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126,335 | €110,915 | €122,198 | €100,553 | €105,663 | ▲ 5.1% |
| Equity10/15 | €51,979 | €46,596 | €49,171 | €34,203 | €45,462 | ▲ 32.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €30,618 | €30,618 | €30,618 | €30,618 | €30,618 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €28,758 | €28,758 | €28,758 | €30,618 | €30,618 | = |
| Profit (loss) carried forward14 | €2,762 | -€2,621 | -€47 | -€15,015 | -€3,756 | ▲ 75.0% |
| Amounts payable17/49 | €74,355 | €64,319 | €73,027 | €66,350 | €60,200 | ▼ 9.3% |
| Amounts payable after more than one year17 | €22,000 | €13,200 | €29,288 | €14,101 | €2,877 | ▼ 79.6% |
| Financial debts170/4 | €22,000 | €13,200 | €29,288 | €14,101 | €2,877 | ▼ 79.6% |
| Amounts payable within one year42/48 | €52,355 | €51,119 | €43,714 | €51,621 | €54,472 | ▲ 5.5% |
| Current portion of amounts payable after more than one year42 | €8,800 | €8,800 | €21,519 | €15,187 | €11,225 | ▼ 26.1% |
| Financial debts43 | €2,675 | €1,338 | - | - | - | - |
| Credit institutions430/8 | €2,675 | €1,338 | - | - | - | - |
| Trade debts44 | €27,155 | €30,442 | €7,832 | €15,075 | €20,369 | ▲ 35.1% |
| Suppliers440/4 | €27,155 | €30,442 | €7,832 | €14,991 | €20,369 | ▲ 35.9% |
| Bills of exchange payable441 | - | - | - | €83 | - | - |
| Taxes, remuneration and social security45 | €7,971 | €7,268 | €7,515 | €4,059 | €6,829 | ▲ 68.2% |
| Taxes450/3 | - | - | - | - | €3,278 | - |
| Remuneration and social security454/9 | €7,971 | €7,268 | €7,515 | €4,059 | €3,551 | ▼ 12.5% |
| Other amounts payable47/48 | €5,754 | €3,271 | €6,848 | €17,300 | €16,050 | ▼ 7.2% |
| Accrued charges and deferred income492/3 | - | - | €25 | €628 | €2,851 | ▲ 354% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,077 | -€5,383 | €2,574 | -€14,968 | €11,259 | ▲ 175% |
| + Depreciation and write-downs630 | €11,998 | €9,530 | €15,781 | €18,780 | €18,550 | ▼ 1.2% |
| Operating cash flow (approximation) | €21,076 | €4,148 | €18,356 | €3,812 | €29,809 | ▲ 682% |
| Investment in fixed assets (approximation) | - | -€10,696 | -€50,315 | -€16,927 | -€332 | ▲ 98.0% |
| Change in cash | - | €14,043 | -€19,883 | -€5,297 | €13,581 | ▲ 356% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €11,259
Net result €11,259 after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€14,968
Net result drops to -€14,968, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €2,574
Net result €2,574 after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €16,974 ▲117%
Operating result €26,167, net result €16,974, both a record.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Huldenberg · 1 establishment unit since 2008
Ground area
572 m²
Building footprint
211 m²
Volume, LiDAR
1,639 m³
Parcel 24064B0032/00F000, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Stukadoorsbedrijf Koen Danhieux
since 20082.170.708.758
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24064B0032/00F000 | Flanders | 572 m² | 1 · 211 m² | 9.9 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 2024 · 3 entries · 24,628 EUR awarded · 24,628 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 6,590 EUR | 6,590 EUR |
| 2023 | 1 | 12,145 EUR | 12,145 EUR |
| 2022 | 1 | 5,893 EUR | 5,893 EUR |
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Of 4,020 companies in sector 43310 we hold annual accounts for 1,747. 1,513 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
Founded20-03-2008
Fiscal year end30-09
Activities, NACEBEL 2025
43310Plastering work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0896614253
Also
9925:BE0896614253
Registered
30-08-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.