Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SDG Project from Genappe, company number BE0825552152, closed financial year 2025 with a result of € 94,304 after tax. For that financial year SDG Project recorded a gross margin of € 171,611 and equity of € -93,801. Compared with financial year 2024, the result moved from € -93,206 to € 94,304. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ -93,801
▲ € 94,304 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 94,304
▲ still € 93,206 loss in 2024
Profit after tax over the fiscal year.
€ 6,531
▼ 32% 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 € -100,001.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 4,774
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 930,437
▼ 36% vs 2024
€ 29,422 is repaid this year. At this pace the long-term loan is gone in ≈ 32 years.
€ 28,756
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 124,287 | € 55,866 | € 6,744 | € 171,611 | ▲ € 164,868 |
| Profit after taxes | € 60,904 | € -36,457 | € -93,206 | € 94,304 | ▲ € 187,510 |
| Equity | € -58,442 | € -94,899 | € -188,105 | € -93,801 | ▲ € 94,304 |
| Total debts | € 2,854,398 | € 2,541,929 | € 2,486,778 | € 2,133,231 | ▼ 14% |
| Cash | € 361,261 | € 13,993 | € 9,643 | € 6,531 | ▼ 32% |
| Land & buildings | € 430,745 | € 417,564 | € 404,382 | € 391,201 | ▼ 3% |
| Retained profit | € -64,642 | € -101,099 | € -194,305 | € -100,001 | ▲ € 94,304 |
| Bank debt | € 1,737,113 | € 1,420,167 | € 1,445,710 | € 930,437 | ▼ 36% |
| Balance sheet total | € 2,795,956 | € 2,447,030 | € 2,298,672 | € 2,039,430 | ▼ 11% |
Key figures of SDG Project, fiscal years 2022 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 SDG Project?
What happened at SDG Project in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 94,304. Source: NBB ↗
- Thomas Van Ryn became a director. NBB
- Vincent LESCEUX became a director. NBB
- New establishment in Genappe. KBO
- Start of the company according to the CBE. KBO
In short
From € 60,904 profit in 2022 to € 94,304 profit in 2025.
Paid € 1,282 in corporate taxes since 2022.
Best year ever: 2025, with € 94,304 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
Behind SDG Project are Thomas Van Ryn and Vincent LESCEUX.
Directors
According to the 2025 annual accounts
Thomas Van Ryn
Director
since 2023
Vincent LESCEUX
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Rue du Sclage 1 box A
1470 Genappe
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0825.552.152
- VAT number
- BE 0825.552.152
- Registered office
- Rue du Sclage 1 bus A, 1470 Genappe
- Names & denominations
- SDG Project
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 2010
- Peppol
- Active · Active since 9 Jul 2026
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