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 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
S&D Holding from Diest, company number BE0793377252, closed financial year 2025 with a result of € 89,766 after tax. For that financial year S&D Holding recorded a gross margin of € 291,119 and equity of € 710,130. Compared with financial year 2024, the result moved from € -121,162 to € 89,766. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 710,130
▲ € 601,310 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 89,766
▲ still € 121,162 loss in 2024
Profit after tax over the fiscal year.
€ 32,670
▲ € 26,750 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -225,414.
Debts at end 2025
€ 5.5 million
▲ 107% vs 2024
€ 415,823 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 22,517
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,356
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -42,592 | € 854 | € 291,119 | ▲ € 290,265 |
| Profit after taxes | € -194,018 | € -121,162 | € 89,766 | ▲ € 210,927 |
| Equity | € 229,982 | € 108,820 | € 710,130 | ▲ € 601,310 |
| Total debts | € 3,260,171 | € 3,420,681 | € 6,912,141 | ▲ 102% |
| Cash | € 2,427 | € 5,920 | € 32,670 | ▲ € 26,750 |
| Retained profit | € -194,018 | € -315,180 | € -225,414 | ▲ € 89,766 |
| Bank debt | € 2,907,043 | € 2,643,341 | € 5,459,545 | ▲ 107% |
| Balance sheet total | € 3,490,152 | € 3,529,502 | € 7,622,271 | ▲ 116% |
Key figures of S&D Holding, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to S&D Holding?
What happened at S&D Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 89,766. filed late Source: NBB ↗
- Roots Transition Partners BV became a director. NBB
- New establishment in Diest. KBO
- Willar BV became a director. NBB
- Cocoon Hotels became a director. NBB
- IC Group H BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 194,018 loss in 2023 to € 89,766 profit in 2025.
Best year ever: 2025, with € 89,766 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of WILLAR, IC Group H comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
S&D HoldingBehind S&D Holding are Willar BV, Cocoon Hotels, IC Group H BV and Roots Transition Partners BV. The shares are held by WILLAR (20%) and IC Group H (12%). It owns 100% of Elite Association Group, 100% of Sign & Display Invest and 62.2% of Sign & Display itself.
Directors
According to the 2025 annual accounts
Director · represented by Maarten Vrijsen
Also active at: SIGN & DISPLAY INVEST, SIGN & DISPLAY
since 2022
Director · represented by Robin René Hilde Hendrickx
since 2022
since 2022
Director · represented by Tom Hendrickx
Also active at: Sixty2 Ventures, STAYCO
since 2025
Shareholders
20%
12%
Participations
Establishments
Establishment units
Physical locations of this company
Turnhoutsebaan 45
3290 Diest
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0793.377.252
- VAT number
- BE 0793.377.252
- Registered office
- Turnhoutsebaan 45, 3290 Diest
- Names & denominations
- S&D Holding
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 November 2022
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings