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 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.
| 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% |
By gross margin, S&D Holding ranks 5th of 39 companies with main activity “Activiteiten van holdings” in Diest that publish figures (fiscal year 2025).
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.
Ask about S&D Holding the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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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 ↗
- Capital increase published in the Gazette. Source: Staatsblad ↗
- Roots Transition Partners BV became a director. NBB
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- 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
In short
From € 194,018 loss in 2023 to € 89,766 profit in 2025.
Best year ever: 2025, with € 89,766 profit.
Management
The stake of Roots Transition Partners, 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 Roots Transition Partners (40%), 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
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.
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Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Capital increase
Source: Deed ↗- ROOTS TRANSITION PARTNERS(inschrijver nieuwe aandelen)
Incorporation
Source: Deed ↗- Naamloze vennootschap naar Luxemburgs Recht "COCOON HOTELS"(aandeelhouder/oprichter) 20%
- VANDEPUTTE Dirk Magda Michel Gilbert(aandeelhouder/oprichter) 20%
- Besloten vennootschap "IC GROUP H"(aandeelhouder/oprichter) 20%
- Naamloze vennootschap "N3X INVESTMENTS"(aandeelhouder/oprichter) 20%
- Besloten vennootschap "WILLAR"(aandeelhouder/oprichter) 20%
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