Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
S&D-Core from Tervuren, company number BE0643528979, closed financial year 2025 with a result of € 376,217 after tax. For that financial year S&D-Core recorded a gross margin of € 510,581 and equity of € 20,827. Compared with financial year 2024, the result moved from € 302,925 to € 376,217. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 12, 2026.
€ 20,827
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 376,217
▲ 24% vs 2024
Profit after tax over the fiscal year.
€ 45,791
▼ 39% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 376,217 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 33,722
▲ 5% vs 2024
Loans from banks and other lenders, long and short.
€ 1,776
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,563
▲ 54% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 375,950 | € 381,327 | € 410,781 | € 510,581 | ▲ 24% |
| Profit after taxes | € 247,559 | € 274,923 | € 302,925 | € 376,217 | ▲ 24% |
| Equity | € 20,827 | € 20,827 | € 20,827 | € 20,827 | |
| Total debts | € 305,448 | € 325,149 | € 356,248 | € 442,534 | ▲ 24% |
| Cash | € 79,426 | € 138,728 | € 75,358 | € 45,791 | ▼ 39% |
| Retained profit | € 2,227 | € 2,227 | € 2,227 | € 2,227 | |
| Dividend | € 248,041 | € 274,923 | € 302,925 | € 376,217 | ▲ 24% |
| Bank debt | € 28,426 | € 28,703 | € 32,158 | € 33,722 | ▲ 5% |
| Balance sheet total | € 326,276 | € 345,977 | € 377,075 | € 463,361 | ▲ 23% |
| Employees (FTE) | 0.7 | - | - | - |
Key figures of S&D-Core, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to S&D-Core?
What happened at S&D-Core in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 376,217 (▲ 24% vs 2024). Source: NBB ↗
- New establishment in Tervuren. KBO
- Start of the company according to the CBE. KBO
In short
From € 247,559 profit in 2022 to € 376,217 profit in 2025.
Paid € 421,139 in corporate taxes since 2022.
Best year ever: 2025, with € 376,217 profit.
Paid out € 1.2 million in dividends to the owners in total.
Management
Behind S&D-Core is Stefan Stocks. Stefan Stocks is also behind NEW T-CORE.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Mechelsestraat 93
3080 Tervuren
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0643.528.979
- VAT number
- BE 0643.528.979
- Registered office
- Mechelsestraat 93, 3080 Tervuren
- Names & denominations
- S&D-Core
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 November 2015
- Peppol
- Active · Active since 4 Sept 2025
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