Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
SERVICES DEVELOPMENT MANAGEMENT from Antwerpen, company number BE0452691377, closed financial year 2026 with a result of € -2.8 million after tax. For that financial year SERVICES DEVELOPMENT MANAGEMENT recorded a gross margin of € -89,239 and equity of € 118.1 million. Compared with financial year 2025, the result moved from € 23 million to € -2.8 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 27, 2026.
€ 118.1 million
▼ 2% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.8 million
▼ still € 23 million profit in 2025
Profit after tax over the fiscal year.
€ 3.6 million
▲ € 3.3 million vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 118.1 million.
People and assets in 2026
0
Average over the fiscal year, from the social balance sheet.
€ 70,275
▼ 20% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 13,745
▼ 87% vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € -53,650 | € -206,762 | € -109,796 | € -89,239 | ▲ € 20,557 |
| Profit after taxes | € 6,218,954 | € 1,988,853 | € 23,045,044 | € -2,754,078 | ▼ € 25.8 million |
| Equity | € 115,931,764 | € 117,920,618 | € 120,885,341 | € 118,131,263 | ▼ 2% |
| Total debts | € 6,392,347 | € 5,013,396 | € 22,397,591 | € 14,745,161 | ▼ 34% |
| Cash | € 951,424 | € 88,785 | € 246,574 | € 3,595,309 | ▲ € 3.3 million |
| Retained profit | € 115,869,764 | € 117,858,618 | € 120,823,341 | € 118,069,263 | ▼ 2% |
| Dividend | € 6,024,096 | € 0 | € 20,080,321 | € 0 | ▼ 100% |
| Bank debt | € 200 | € 5,381 | € 47 | € 0 | ▼ 100% |
| Balance sheet total | € 122,324,112 | € 122,934,013 | € 143,282,931 | € 132,876,424 | ▼ 7% |
Key figures of SERVICES DEVELOPMENT MANAGEMENT, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to SERVICES DEVELOPMENT MANAGEMENT?
What happened at SERVICES DEVELOPMENT MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 2.8 million (▼ € 25.8 million vs 2025). Source: NBB ↗
- CAP NV became a director. NBB
- Christiane Ivo became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 6.2 million profit in 2023 to € 2.8 million loss in 2026.
Paid € 240,115 in corporate taxes since 2023.
Best year ever: 2025, with € 23 million profit.
Paid out € 26.1 million in dividends to the owners in total.
Management
The stake of CAP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SERVICES DEVELOPMENT MANAGEMENTBehind SERVICES DEVELOPMENT MANAGEMENT are Christiane Ivo and CAP NV. The shares are held by CAP (99.6%). It owns 41.4% of Las Jacarandas Del Sol Cuatro - Lot #3, 41.4% of Las Jacarandas Del Mar Tres - Lot #2, 41.4% of Las Jacarandas Del Cielo Cinco - Lot #3, 25% of Freespace, 24% of TDCM UK and 15% of Family On Tour itself.
Directors
According to the 2026 annual accounts
since 2010
since 2020
Shareholders
99.6%
Participations
Las Jacarandas Del Sol Cuatro - Lot #3
41.4%
Las Jacarandas Del Mar Tres - Lot #2
41.4%
Las Jacarandas Del Cielo Cinco - Lot #3
41.4%
25%
TDCM UK
24%
15%
10.8%
Establishments
Establishment units
Physical locations of this company
IJzerenwaag 12A
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →The Roastery
€ 812,194 gross margin · 2025
KRABBENDIJKE same network
€ 3.1 million gross margin · 2025
ATMOSPHERE same network
€ 99,398 gross margin · 2025
CAP same network
€ 205,189 gross margin · 2025
NIEUWE EIGEN WONING
€ 598,323 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0452.691.377
- VAT number
- BE 0452.691.377
- Registered office
- IJzerenwaag 12A, 2000 Antwerpen
- Names & denominations
- SERVICES DEVELOPMENT MANAGEMENT · S.D.M.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 May 1994
- Peppol
- Active · Active since 11 Nov 2025
- Activities · NACE
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