ACTIVE

Solutions Development Projects

Financial year 2025 · closed on 31/12/2025
Net result
323,2 k €
+75.2% YoY
Gross margin
379,6 k €
Equity
-649,9 k €
+33.2% YoY
Workforce
0,0 ETP
-100.0% YoY

What does Solutions Development Projects do?

Solutions Development Projects is a Public limited company incorporated in 1989. Its registered office is in Sint-Niklaas.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0437.776.044
Incorporation
19/06/1989
Legal form
Public limited company
Registered office
Vijfstraten 18
9100 Sint-Niklaas · FlandreSee on map
Contributed capital
606 594,22 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Joint committees (1)
  • 200
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin379,6 k €-14,7 k €-841,0 €-756,3 €-1,2 k €-541,5 €-614,1 €-1,1 k €-1,6 k €-1,3 k €-1,1 k €470,1 €26,1 k €68,6 k €4,5 k €
EBITDA366,6 k €272,8 k €602,7 k €-187,6 k €361,7 k €-90,8 k €-99,0 k €-1,2 k €-1,4 k €-1,2 k €-939,6 €-961,5 €-1,3 k €-1,6 k €-1,3 k €-1,3 k €-121,1 €-8,3 k €-37,0 k €-31,9 k €
Operating result326,1 k €206,4 k €54,6 k €-1,4 M €26,1 k €-109,2 k €-109,5 k €-1,2 k €-1,4 k €-1,2 k €-939,6 €-961,5 €-1,3 k €-1,6 k €-1,3 k €-1,3 k €-121,1 €-13,5 k €-42,2 k €-31,9 k €
Net result323,2 k €184,5 k €59,5 k €-1,4 M €3,3 k €-119,7 k €-113,0 k €-2,8 k €-2,8 k €-2,5 k €-2,5 k €-2,1 k €-3,2 k €-1,6 k €-1,7 k €-1,4 k €3,3 k €-14,3 k €-42,5 k €-31,9 k €
Balance sheet
Equity-649,9 k €-973,1 k €-1,2 M €-1,2 M €228,9 k €-274,3 k €-154,6 k €-41,6 k €-38,9 k €-36,1 k €-33,6 k €-31,1 k €-29,0 k €-25,7 k €-24,1 k €-22,4 k €-21,0 k €-24,2 k €-10,0 k €32,6 k €
Total assets3,0 M €3,8 M €5,8 M €6,1 M €7,5 M €227,3 k €140,7 k €12,1 €1,3 €24,2 €143,7 €338,3 €317,0 €293,0 €896,0 €702,0 €12,0 k €7,2 k €23,4 k €45,5 k €
Cash91,0 k €751,8 k €283,3 k €308,5 k €551,9 k €33,5 k €18,7 k €12,1 €1,3 €24,2 €143,7 €338,3 €317,0 €293,0 €506,0 €338,0 €11,6 k €1,5 k €3,0 k €1,6 k €
Debts3,6 M €4,7 M €7,0 M €7,3 M €7,2 M €501,6 k €295,3 k €41,7 k €38,9 k €36,1 k €33,7 k €31,4 k €29,3 k €26,0 k €24,6 k €23,1 k €33,0 k €31,4 k €33,3 k €12,9 k €
Other
Workforce0,0 ETP11,7 ETP3,9 ETP21,0 ETP18,0 ETP3,9 ETP0,3 ETP2,3 ETP0,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 19 ended

Active mandates

Guy Thoon

Director · since 18 septembre 2024 · until 18 septembre 2030

Active
Luc De Cock

Managing director · since 27 août 2019

Active

Ended mandates

Luc De Cock

Managing director · since 27 août 2019 · until 14 juin 2024

Ended
Luc De Cock

Managing director · since 27 août 2019 · until 13 juin 2025

Ended
M & S

Director · since 27 août 2019 · until 14 juin 2024 · 0437.201.071

Represented by Bart DHOLLANDER

Ended
M & S

Director · since 27 août 2019 · until 14 juin 2024 · 0437.201.071

Represented by Bart Dhollander

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/07/202624/07/202518/07/202426/07/202322/07/202212/05/2021
General meeting12/06/202613/06/202514/06/202409/06/202310/06/202210/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202512/06/202622/07/2026DutchPDF
Full model31/12/202413/06/202524/07/2025DutchPDF
Full model31/12/202314/06/202418/07/2024DutchPDF
Full model31/12/202209/06/202326/07/2023DutchPDF
Full model31/12/202110/06/202222/07/2022DutchPDF
Full model31/12/202010/05/202112/05/2021DutchPDF
Micro model31/12/201912/06/202010/07/2020DutchPDF
Micro model31/12/201814/06/201927/06/2019DutchPDF
Micro model31/12/201708/06/201828/06/2018DutchPDF
Micro model31/12/201609/06/201726/06/2017DutchPDF
Abridged model31/12/201510/06/201614/06/2016DutchPDF
Abridged model31/12/201412/06/201524/07/2015DutchPDF
Abridged model31/12/201313/06/201409/07/2014DutchPDF
Abridged model31/12/201214/06/201316/07/2013DutchPDF
Abridged model31/12/201108/06/201219/06/2012DutchPDF
Abridged model31/12/201010/06/201108/07/2011DutchPDF
Abridged model31/12/200911/06/201023/06/2010DutchPDF
Abridged model31/12/200812/06/200923/07/2009DutchPDF
Abridged model31/12/200713/06/200822/07/2008DutchPDF
Abridged model31/12/200608/06/200721/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 19 ended

Active mandates

Guy Thoon

Director · since 18 septembre 2024 · until 18 septembre 2030

Active
Luc De Cock

Managing director · since 27 août 2019

Active

Ended mandates

Luc De Cock

Managing director · since 27 août 2019 · until 14 juin 2024

Ended
Luc De Cock

Managing director · since 27 août 2019 · until 13 juin 2025

Ended
M & S

Director · since 27 août 2019 · until 14 juin 2024 · 0437.201.071

Represented by Bart DHOLLANDER

Ended
M & S

Director · since 27 août 2019 · until 14 juin 2024 · 0437.201.071

Represented by Bart Dhollander

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/04/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares10/05/2021
    BENAMING - KAPITAAL - AANDELEN - ALGEMENE VERGADERING
    PDF
  • Other22/04/2021
    DIVERSEN
    PDF
  • Registered office30/03/2021
    SIEGE SOCIAL
    PDF
  • Mandates23/09/2019
    DENOMINATION - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates23/09/2019
    BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates29/06/2017
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025323,2 k €
  2. 2024
    Annual accounts 2024184,5 k €
  3. 2023
    Annual accounts 202359,5 k €
  4. 2022
    Annual accounts 2022-1,4 M €
  5. 2021
    Annual accounts 20213,3 k €
  6. 2020
    Annual accounts 2020-119,7 k €
  7. 2020
    Name changeSOLUTIONS DEVELOPMENT PROJECTS
  8. 2019
    Annual accounts 2019-113,0 k €
  9. 2019
    Name changeSolution Développement Progiciel
  10. 2018
    Annual accounts 2018-2,8 k €
  11. 2017
    Annual accounts 2017-2,8 k €
  12. 2016
    Annual accounts 2016-2,5 k €
  13. 2015
    Annual accounts 2015-2,5 k €
  14. 2014
    Annual accounts 2014-2,1 k €
  15. 2013
    Annual accounts 2013-3,2 k €
  16. 2012
    Annual accounts 2012-1,6 k €
  17. 2011
    Annual accounts 2011-1,7 k €
  18. 2010
    Annual accounts 2010-1,4 k €
  19. 2009
    Annual accounts 20093,3 k €
  20. 2008
    Annual accounts 2008-14,3 k €
  21. 2007
    Annual accounts 2007-42,5 k €
  22. 2006
    Annual accounts 2006-31,9 k €
  23. 2006
    Name changePROMETHEUS
  24. 19/06/1989
    IncorporationPublic limited company