ACTIVE

SD2

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Financial year 2025 · closed on 31/12/2025

Net result

63,7 k €

+4.7% YoY

Gross margin

92,1 k €

+4.5% YoY

Equity

552,8 k €

+13.0% YoY

What does SD2 do?

SD2 is a Private limited company incorporated in 2004. Its main activity is: Other information technology and computer service activities. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.688.376

Incorporation

09/06/2004

Legal form

Private limited company

Registered office

Maaltebruggestraat 262
9000 Gent · FlandreSee on map

Contributed capital

54 065,00 €

Latest accounts

31/12/2025

Activities (NACE)

62090Other information technology and computer service activities· main 62900Computer programming, consultancy and related activities 72600Scientific research and development 62010Computer programming activities 62020Computer consultancy activities 62100Computer programming, consultancy and related activities+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	92,1 k €	+4.5%	88,1 k €	+65.5%	53,2 k €	-27.1%	73 k €	+94.3%	37,6 k €	+426%	7,1 k €	-90.7%	77,1 k €	-2.3%	78,9 k €	+0.9%	78,2 k €	+27.7%	61,2 k €	+114%	28,6 k €	-48.9%	56 k €	+38.6%	40,4 k €	-19.3%	50,1 k €	+207%	16,3 k €	-53.5%	35 k €	-47.5%	66,7 k €	+28.8%	51,7 k €	+20.9%	42,8 k €	+104%	21 k €
EBITDA	91,1 k €	+4.8%	86,9 k €	+66.7%	52,1 k €	-27.8%	72,2 k €	+96.4%	36,8 k €	+475%	6,4 k €	-91.6%	76,4 k €	-2.3%	78,2 k €	+0.9%	77,5 k €	+28.0%	60,5 k €	+117%	27,9 k €	-49.5%	55,3 k €	+39.3%	39,7 k €	-19.6%	49,4 k €	+216%	15,6 k €	-69.5%	51,1 k €	-22.4%	65,9 k €	+29.2%	51 k €	+21.4%	42 k €	+106%	20,4 k €
Operating result	88,5 k €	+4.4%	84,8 k €	+97.1%	43 k €	-31.8%	63,1 k €	+131%	27,3 k €	+764%	-4,1 k €	-106%	65,7 k €	-9.0%	72,2 k €	-0.6%	72,6 k €	+30.0%	55,8 k €	+140%	23,2 k €	-56.2%	53 k €	+41.8%	37,4 k €	-20.7%	47,1 k €	+355%	10,4 k €	-77.5%	46 k €	+12.4%	41 k €	-11.1%	46,1 k €	+27.0%	36,3 k €	+205%	11,9 k €
Net result	63,7 k €	+4.7%	60,8 k €	+99.5%	30,5 k €	-31.7%	44,6 k €	+100%	22,3 k €	+1082%	-2,3 k €	-105%	42,8 k €	-8.7%	46,9 k €	+4.2%	45 k €	+27.5%	35,3 k €	+236%	10,5 k €	-69.0%	33,9 k €	+29.8%	26,1 k €	-18.5%	32 k €	+230%	9,7 k €	-70.8%	33,2 k €	+10.2%	30,2 k €	-7.0%	32,4 k €	+29.4%	25,1 k €	+268%	6,8 k €
Balance sheet
Equity	552,8 k €	+13.0%	489,2 k €	+14.2%	428,4 k €	+7.7%	397,9 k €	+12.6%	353,3 k €	+6.7%	331 k €	-0.7%	333,3 k €	+14.7%	290,5 k €	+19.2%	243,6 k €	+22.7%	198,6 k €	+21.6%	163,3 k €	+6.9%	152,8 k €	+28.5%	118,9 k €	+23.6%	96,3 k €	+49.8%	64,3 k €	+17.8%	54,6 k €	-54.6%	120,2 k €	+31.2%	91,6 k €	+50.7%	60,8 k €	+62.9%	37,3 k €
Total assets	564,8 k €	+13.7%	496,7 k €	+13.9%	435,9 k €	+7.1%	406,9 k €	+13.0%	360,2 k €	+7.7%	334,5 k €	-1.3%	338,9 k €	+14.6%	295,8 k €	+13.2%	261,3 k €	+27.0%	205,8 k €	+19.2%	172,6 k €	+6.7%	161,7 k €	+27.5%	126,8 k €	+22.1%	103,9 k €	+44.0%	72,2 k €	-18.6%	88,6 k €	-28.9%	124,7 k €	+34.9%	92,5 k €	+41.9%	65,2 k €	+9.9%	59,3 k €
Cash	125 k €	+859%	13 k €	-31.0%	18,9 k €	-37.7%	30,3 k €	-6.7%	32,5 k €	+194%	11 k €	+19.6%	9,2 k €	-49.3%	18,2 k €	-76.9%	78,7 k €	+636%	10,7 k €	+487%	1,8 k €	-86.2%	13,2 k €	-64.2%	36,8 k €	+73.0%	21,3 k €	+1035%	1,9 k €	-77.6%	8,4 k €	+23.6%	6,8 k €	+206%	2,2 k €	-3.1%	2,3 k €	+1569%	137 €
Debts	12 k €	+58.5%	7,6 k €	-0.3%	7,6 k €	-15.9%	9 k €	+30.6%	6,9 k €	+100%	3,4 k €	-39.2%	5,7 k €	+5.7%	5,4 k €	-69.8%	17,8 k €	+147%	7,2 k €	-22.5%	9,3 k €	+4.1%	8,9 k €	+13.2%	7,9 k €	+3.0%	7,7 k €	-3.1%	7,9 k €	-76.8%	34,1 k €	+652%	4,5 k €	+432%	852 €	-80.6%	4,4 k €	-80.0%	22 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Dijckstra Sybrand

Manager

Active

Ended mandates

Annick Claerhout

Director · since 17 mars 2020

Ended

Sybrand Dijkstra

Manager · since 03 juin 2004

Ended

Dijckstra Sybrand

Director

Ended

Dijkstra Sybrand

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/05/2026	16/05/2025	17/05/2024	22/05/2023	28/06/2022	20/05/2021
General meeting	08/05/2026	09/05/2025	10/05/2024	12/05/2023	13/05/2022	14/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	08/05/2026	11/05/2026	Dutch	PDF
Micro model	31/12/2024	09/05/2025	16/05/2025	Dutch	PDF
Micro model	31/12/2023	10/05/2024	17/05/2024	Dutch	PDF
Micro model	31/12/2022	12/05/2023	22/05/2023	Dutch	PDF
Micro model	31/12/2021	13/05/2022	28/06/2022	Dutch	PDF
Micro model	31/12/2020	14/05/2021	20/05/2021	Dutch	PDF
Micro model	31/12/2019	08/05/2020	27/05/2020	Dutch	PDF
Micro model	31/12/2018	10/05/2019	20/06/2019	Dutch	PDF
Micro model	31/12/2017	11/05/2018	29/05/2018	Dutch	PDF
Micro model	31/12/2016	12/05/2017	23/05/2017	Dutch	PDF
Abridged model	31/12/2015	13/05/2016	03/06/2016	Dutch	PDF
Abridged model	31/12/2014	08/05/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	09/05/2014	19/05/2014	Dutch	PDF
Abridged model	31/12/2012	10/05/2013	10/05/2013	Dutch	PDF
Abridged model	31/12/2011	11/05/2012	23/05/2012	Dutch	PDF
Abridged model	31/12/2010	13/05/2011	14/06/2011	Dutch	PDF
Abridged model	31/12/2009	14/05/2010	07/06/2010	Dutch	PDF
Abridged model	31/12/2008	08/05/2009	15/06/2009	Dutch	PDF
Abridged model	31/12/2007	09/05/2008	04/06/2008	Dutch	PDF
Abridged model	31/12/2006	11/05/2007	08/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 1 active · 4 ended

Active mandates

Dijckstra Sybrand

Manager

Active

Ended mandates

Annick Claerhout

Director · since 17 mars 2020

Ended

Sybrand Dijkstra

Manager · since 03 juin 2004

Ended

Dijckstra Sybrand

Director

Ended

Dijkstra Sybrand

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/04/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other18/06/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2025
Annual accounts 202563,7 k €↑
2024
Annual accounts 202460,8 k €↑
2023
Annual accounts 202330,5 k €↓
2022
Annual accounts 202244,6 k €↑
2021
Annual accounts 202122,3 k €↑
2020
Annual accounts 2020-2,3 k €↓
2019
Annual accounts 201942,8 k €↓
2018
Annual accounts 201846,9 k €↑
2017
Annual accounts 201745 k €↑
2016
Annual accounts 201635,3 k €↑
2015
Annual accounts 201510,5 k €↓
2014
Annual accounts 201433,9 k €↑
2013
Annual accounts 201326,1 k €↓
2012
Annual accounts 201232 k €↑
2011
Annual accounts 20119,7 k €↓
2010
Annual accounts 201033,2 k €↑
2009
Annual accounts 200930,2 k €↓
2008
Annual accounts 200832,4 k €↑
2007
Annual accounts 200725,1 k €↑
2006
Annual accounts 20066,8 k €
09/06/2004
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SD2

Overview

What does SD2 do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline