Solutions Development Projects
ActiveSummary
Solutions Development Projects has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€649,905) and a net result of €323,229. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 181 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+21
Solvency3▲+3
Growth72=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.36 against 1.12 in 2024; short-term debt: 71.7% and cash: 3.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 181 sector peers (2025).
NBB · sector comparisonPosition among 181 sector peers
Solvency
better than 6%
← weakest
strongest →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
7 d early
2023
13 d early
2022
5 d early
2021
9 d early
2020
80 d early
2019
21 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 21 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed 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 monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#3 oldest company in Sint-Niklaas, Telecoms and IT sector
Turnover
€8.5m▼ 6.2%
2023 · €9.0m
EBIT margin
2.4%▲ 1.8pp
2023 · 0.6%
Net result
€323,229▲ 75.2%
2024 · €184,501
Working capital
€770,688▲ 93.7%
2024 · €397,870
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
Line20212022202320242025
Turnover€7.1m▲ 3,510%€9.0m▲ 25.8%€9.0m▲ 1.1%€8.5m▼ 6.2%
Operating result€26,056-€1.4m€54,641€206,385▲ 278%€326,128▲ 58.0%
Net result€3,250-€1.4m€59,509€184,501▲ 210%€323,229▲ 75.2%
EBIT margin0.4%▲ 55.8pp-16.0%▼ 16.3pp0.6%▲ 16.6pp2.4%▲ 1.8pp
Equity€228,927-€1.2m-€1.2m▲ 4.9%-€973,134▲ 15.9%-€649,905▲ 33.2%
Total assets€7.5m▲ 3,187%€6.1m▼ 18.1%€5.8m▼ 4.6%€3.8m▼ 35.1%€3.0m▼ 21.4%
Debt€7.2m▲ 1,344%€7.3m▲ 1.3%€7.0m▼ 4.7%€4.8m▼ 32.0%€3.6m▼ 23.8%
Working capital€1.6m▲ 2,276%€1.7m▲ 8.0%€1.8m▲ 2.7%€397,870▼ 77.8%€770,688▲ 93.7%
Staff (FTE)18▲ 362%21▲ 16.7%3.9▼ 81.4%11.7▲ 200%0▼ 100%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 58% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€71,277 ▼ 47.8%
Current assets
€2.9m ▼ 20.4%
Key figures and ratios
EBITDA
€366,640▲
2024 · €270,181
Cash flow
€363,741▲
2024 · €248,297
Solvency
-21.9%▲
2024 · -25.7%
Current ratio
1.36▲
2024 · 1.12
Debt to equity
-5.57▼
2024 · -4.89
ROA
10.9%▲
2024 · 4.9%
Interest coverage
49.96▼
2024 · 53.96
Debt ≤ 1 year
€2.1m▼
2024 · €3.2m
Debt > 1 year
€1.5m=
2024 · €1.5m
Income taxes
-€0▼
2024 · €2,680
Staff costs
€5,091▼
2024 · €861,931
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €8.1m | €9.5m | €10.0m | €10.5m | - | - |
| Turnover70 | €7.1m | €9.0m | €9.0m | €8.5m | - | - |
| Own construction capitalised72 | €600,000 | - | €492,482 | €0 | - | - |
| Other operating income74 | €381,231 | €594,439 | €454,424 | €2.0m | - | - |
| Non-recurring operating income76A | €28,690 | €200 | €0 | €7,328 | €14,191 | ▲ 93.6% |
| Operating charges60/66A | €8.1m | €11.0m | €9.9m | €10.3m | - | - |
| Goods for resale, raw materials and consumables60 | €5.2m | €6.9m | €6.1m | €7.5m | - | - |
| Purchases600/8 | €5.2m | €6.9m | €5.8m | €6.0m | - | - |
| Change in stocks: decrease (increase)609 | -€41,046 | -€38,456 | €314,868 | €1.5m | - | - |
| Services and other goods61 | €1.5m | €1.7m | €1.6m | €1.3m | - | - |
| Remuneration, social security and pensions62 | €1.1m | €1.9m | €1.6m | €861,931 | €5,091 | ▼ 99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €335,669 | €1.2m | €546,298 | €63,797 | €40,512 | ▼ 36.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,755 | €2,655 | €0 | ▼ 100% |
| Other operating charges640/8 | €17,557 | €9,786 | €7,793 | €497,967 | €4,005 | ▼ 99.2% |
| Operating charges capitalised as restructuring costs649 | - | -€702,734 | €0 | - | - | - |
| Non-recurring operating charges66A | - | €1,076 | €1,213 | €0 | €3,848 | - |
| Gross operating margin9900 | - | - | - | - | €379,584 | - |
| Operating profit (loss)9901 | €26,056 | -€1.4m | €54,641 | €206,385 | €326,128 | ▲ 58.0% |
| Financial income75/76B | €4,457 | €17,742 | €32,054 | €2,189 | €4,439 | ▲ 103% |
| Recurring financial income75 | €4,457 | €17,742 | €32,054 | €2,189 | €4,439 | ▲ 103% |
| Income from current assets751 | - | €4,613 | €2,550 | €447 | - | - |
| Other financial income752/9 | €4,457 | €13,129 | €29,505 | €1,742 | - | - |
| Financial charges65/66B | €13,243 | €39,516 | €23,239 | €21,393 | €7,339 | ▼ 65.7% |
| Recurring financial charges65 | €13,243 | €39,516 | €23,239 | €21,393 | €7,339 | ▼ 65.7% |
| Debt charges650 | €1,007 | €8,000 | €4,124 | €5,007 | - | - |
| Other financial charges652/9 | €12,237 | €31,516 | €19,115 | €16,386 | - | - |
| Profit (loss) for the period before taxes9903 | €17,269 | -€1.5m | €63,456 | €187,181 | €323,229 | ▲ 72.7% |
| Income taxes67/77 | €14,019 | -€5,774 | €3,947 | €2,680 | -€0 | ▼ 100% |
| Taxes670/3 | €14,019 | €4,817 | €3,947 | €2,680 | - | - |
| Tax adjustments and reversals of tax provisions77 | - | €10,591 | €0 | - | - | - |
| Profit (loss) for the period9904 | €3,250 | -€1.4m | €59,509 | €184,501 | €323,229 | ▲ 75.2% |
| Profit (loss) for the period to be appropriated9905 | €3,250 | -€1.4m | €59,509 | €184,501 | €323,229 | ▲ 75.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.5m | €6.1m | €5.8m | €3.8m | €3.0m | ▼ 21.4% |
| Fixed assets21/28 | €2.4m | €1.8m | €1.9m | €136,579 | €71,277 | ▼ 47.8% |
| Intangible fixed assets21 | €2.0m | €1.6m | €1.7m | €51,916 | €40,583 | ▼ 21.8% |
| Tangible fixed assets22/27 | €317,270 | €246,984 | €162,803 | €78,713 | €24,745 | ▼ 68.6% |
| Plant, machinery and equipment23 | €82,435 | €60,639 | €41,267 | €10,403 | €1,773 | ▼ 83.0% |
| Furniture and vehicles24 | €30,007 | €47,900 | €37,245 | €44,171 | €18,428 | ▼ 58.3% |
| Leasing and similar rights25 | €190,551 | €123,771 | €68,940 | €14,191 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €14,276 | €14,674 | €15,351 | €9,947 | €4,543 | ▼ 54.3% |
| Financial fixed assets28 | €4,500 | - | - | €5,950 | €5,950 | = |
| Other financial fixed assets284/8 | €4,500 | - | - | €5,950 | - | - |
| Amounts receivable and cash guarantees285/8 | €4,500 | - | - | €5,950 | - | - |
| Current assets29/58 | €5.1m | €4.3m | €4.0m | €3.6m | €2.9m | ▼ 20.4% |
| Amounts receivable after more than one year29 | - | - | - | €500,000 | €500,000 | = |
| Other amounts receivable291 | - | - | - | €500,000 | €500,000 | = |
| Stocks and contracts in progress3 | €1.8m | €1.8m | €1.5m | €0 | - | - |
| Stocks30/36 | €1.8m | €1.8m | €1.5m | €0 | - | - |
| Goods purchased for resale34 | €1.8m | €1.8m | €1.5m | €0 | - | - |
| Amounts receivable within one year40/41 | €2.8m | €2.1m | €2.1m | €2.4m | €2.3m | ▼ 3.7% |
| Trade receivables40 | €2.5m | €1.6m | €1.7m | €2.3m | €2.3m | ▼ 1.5% |
| Other amounts receivable41 | €294,668 | €504,944 | €397,739 | €53,873 | €731 | ▼ 98.6% |
| Cash at bank and in hand54/58 | €551,949 | €308,547 | €283,253 | €751,806 | €90,984 | ▼ 87.9% |
| Deferred charges and accrued income490/1 | €2,672 | €3,471 | €22,292 | €3,213 | €7,539 | ▲ 135% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.5m | €6.1m | €5.8m | €3.8m | €3.0m | ▼ 21.4% |
| Equity10/15 | €228,927 | -€1.2m | -€1.2m | -€973,134 | -€649,905 | ▲ 33.2% |
| Contributions10/11 | €606,594 | €606,594 | €606,594 | €606,594 | €606,594 | = |
| Capital10 | €606,594 | €606,594 | €606,594 | €606,594 | €606,594 | = |
| Issued capital100 | €606,594 | €606,594 | €606,594 | €606,594 | €606,594 | = |
| Profit (loss) carried forward14 | -€377,667 | -€1.8m | -€1.8m | -€1.6m | -€1.3m | ▲ 20.5% |
| Amounts payable17/49 | €7.2m | €7.3m | €7.0m | €4.8m | €3.6m | ▼ 23.8% |
| Amounts payable after more than one year17 | €3.7m | €4.8m | €4.8m | €1.5m | €1.5m | = |
| Financial debts170/4 | €449,702 | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Subordinated loans170 | €400,000 | €1.5m | €1.5m | €1.5m | - | - |
| Leasing and similar obligations172 | €49,702 | €21,136 | €2,595 | €0 | - | - |
| Other amounts payable178/9 | €3.3m | €3.3m | €3.3m | - | - | - |
| Amounts payable within one year42/48 | €3.5m | €2.5m | €2.2m | €3.2m | €2.1m | ▼ 34.4% |
| Current portion of amounts payable after more than one year42 | €58,397 | €51,406 | €18,541 | €2,603 | €0 | ▼ 100% |
| Financial debts43 | €89,465 | €153,434 | €133,009 | €35,746 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €41,034 | €35,746 | €0 | ▼ 100% |
| Other loans439 | €89,465 | €153,434 | €91,975 | €0 | - | - |
| Trade debts44 | €2.2m | €1.9m | €1.7m | €1.6m | €681,862 | ▼ 58.0% |
| Suppliers440/4 | €2.2m | €1.9m | €1.7m | €1.6m | €681,862 | ▼ 58.0% |
| Taxes, remuneration and social security45 | €316,313 | €366,677 | €278,764 | €2,961 | €0 | ▼ 100% |
| Taxes450/3 | €119,073 | €125,031 | €96,123 | €2,680 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €197,240 | €241,646 | €182,640 | €281 | €0 | ▼ 100% |
| Other amounts payable47/48 | €853,591 | €26,011 | €0 | €1.6m | €1.4m | ▼ 8.6% |
| Accrued charges and deferred income492/3 | - | - | - | €15,712 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,250 | -€1.4m | €59,509 | €184,501 | €323,229 | ▲ 75.2% |
| + Depreciation and write-downs630 | €335,669 | €1.2m | €546,298 | €63,797 | €40,512 | ▼ 36.5% |
| Operating cash flow (approximation) | €338,920 | -€203,650 | €605,807 | €248,297 | €363,741 | ▲ 46.5% |
| Investment in fixed assets (approximation) | - | -€729,453 | -€579,666 | €1.7m | €24,789 | ▼ 98.5% |
| Change in cash | - | -€243,402 | -€25,295 | €468,554 | -€660,823 | ▼ 241% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €323,229 ▲75.2%
Operating result €326,128, net result €323,229, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €59,509
Net result €59,509 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €3,250
Net result €3,250 after 3 loss-making years.
31-12
Financial
Equity above €200,000Eq €228,927
Equity rises from -€274,323 to €228,927.
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 7current ratio 1.72
Current ratio from 0.24 to 1.72; short-term debt falls from €265,125 to €94,757.
Show earlier events
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Sint-Niklaas · 1 establishment unit since 2021
Ground area
705 m²
Building footprint
222 m²
Volume, LiDAR
1,074 m³
Parcel 46447B0479/00E005, Flanders · tallest building 11.0 m, ±1 floor. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
SDP
since 20212.315.403.361
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46447B0479/00E005 | Flanders | 705 m² | 1 · 222 m² | 11.0 m · 1 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 · 5 entries · 57,185 EUR awarded · 57,185 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 9,687 EUR | 9,687 EUR |
| 2023 | 2 | 24,773 EUR | 24,845 EUR |
| 2022 | 2 | 22,725 EUR | 22,653 EUR |
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Of 2,727 companies in sector 63100 we hold annual accounts for 1,271. 932 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-06-1989
Fiscal year end31-12
Abbreviation NL
SDP
Activities, NACEBEL 2025
63100Computing infrastructure, data processing, hosting and related activities
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
77400Rental and leasing activities
82990Other business support services
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.