SUD - GARDEN
ActiveSUD - GARDEN has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €443k and a net result of €41k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 28% of 4137 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▲+10
Solvency43▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.02 in 2024; short-term debt: 70.2% and cash: 0.8% of total assets), and 82.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.7%
Return on assets
1.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
8 d late
2023
9 d early
2022
30 d late
2021
30 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€41k▲ 93.6%
2024 · €21k
2018: €10k
2019: €16k
2020: €-2k
2021: €13k
2022: €-73k
2023: €20k
2024: €21k
2018 → 2025
Working capital
€96k▲ 167%
2024 · €36k
2018: €-55k
2019: €-192k
2020: €-399k
2021: €-4k
2022: €-74k
2023: €83k
2024: €36k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€433k-€360k▼ 16.9%€380k▲ 5.6%€401k▲ 5.6%€443k▲ 10.3%
Operating result€56k-€-33k€89k€94k▲ 5.4%€86k▼ 8.3%
Net result€13k-€-73k€20k€21k▲ 5.8%€41k▲ 93.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.50M
Fixed assets
€648k▼ 4.3%
Current assets
€1.85M▼ 5.3%
Equity and liabilities €2.50M
Equity
€443k▲ 10.3%
Debt
€2.05M▼ 7.8%
The debt ratio falls from 84.7% to 82.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€161k▼
2024 · €189k
Cash flow
€116k▼
2024 · €116k
Solvency
17.7%▲
2024 · 15.3%
Current ratio
1.05▲
2024 · 1.02
Quick ratio
0.03▼
2024 · 0.04
Debt / equity
4.64▼
2024 · 5.55
ROE
9.3%▲
2024 · 5.3%
ROA
1.7%▲
2024 · 0.8%
Interest coverage
3.45▲
2024 · 2.37
Debt
€2.05M▼
2024 · €2.23M
Debt ≤ 1 year
€1.75M▼
2024 · €1.92M
Debt > 1 year
€300k▼
2024 · €311k
Staff costs
€298k▲
2024 · €242k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.63M€2.50M▼
Fixed assets21/28€677k€648k▼
Tangible fixed assets22/27€676k€647k▼
Land and buildings22€635k€589k▼
Plant, machinery and equipment23€18k€2k▼
Furniture and vehicles24€23k€56k▲
Financial fixed assets28€857€857=
Current assets29/58€1.95M€1.85M▼
Stocks and contracts in progress3€1.88M€1.80M▼
Stocks30/36€1.88M€1.80M▼
Amounts receivable within one year40/41€35k€33k▼
Trade receivables40€35k€33k▼
Cash at bank and in hand54/58€34k€19k▼
Equity and liabilities
Total equity and liabilities10/49€2.63M€2.50M▼
Equity10/15€401k€443k▲
Contributions10/11€428k€428k=
Reserves13€4k€4k=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Profit (loss) carried forward14€-31k€11k▲
Amounts payable17/49€2.23M€2.05M▼
Amounts payable after more than one year17€311k€300k▼
Financial debts170/4€311k€300k▼
Amounts payable within one year42/48€1.92M€1.75M▼
Current portion of amounts payable after more than one year42€144k€54k▼
Financial debts43€639k€537k▼
Credit institutions430/8€639k€537k▼
Trade debts44€158k€248k▲
Suppliers440/4€158k€248k▲
Taxes, remuneration and social security45€117k€199k▲
Taxes450/3€79k€150k▲
Remuneration and social security454/9€37k€48k▲
Other amounts payable47/48€859k€716k▼
Income statement
Code20242025
Remuneration, social security and pensions62€242k€298k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€74k▼
Other operating charges640/8€14k€17k▲
Gross operating margin9900€444k€476k▲
Operating profit (loss)9901€94k€86k▼
Financial income75/76B€7k€1k▼
Recurring financial income75€7k€1k▼
Financial charges65/66B€80k€47k▼
Recurring financial charges65€80k€47k▼
Profit (loss) for the period before taxes9903€21k€41k▲
Profit (loss) for the period9904€21k€41k▲
Profit (loss) for the period to be appropriated9905€21k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€11k▲
Profit (loss) brought forward from the previous period14P€-52k€-31k▲
Social balance
Average headcount (FTE)90875.45.8▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €41k ▲93.6%
Net result €41k, the highest in the series.
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 8 days late
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-73k ▼668%
Net result drops to €-73k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 42 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2018
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
28-02-2018
Resigned as Director
Location & real-estate footprint
Registered office, Walcourt · 1 establishment unit since 1977
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Route de Philippeville(Tar) 545651 WalcourtGround area
286 m²
Building footprint
77 m²
Parcel 93076D0034/00W002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Route de Philippeville(Tar) 54, 5651 Walcourt
since 19772.014.322.091
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93076D0034/00W002indicative | Wallonia | 286 m² | 1 · 77 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300NK8THU5KOZ7Y86
Similar companies · same sector, comparable size
CH FLOWERS
BE 0822.970.071
Waterloo · Eq €441k
CPM GARDEN
BE 0415.229.383
Anderlecht · Eq €444k
SELS - EVERGREEN
BE 0464.448.767
Oud-Turnhout · Eq €440k
GROENPARTNERS
BE 0478.040.942
Pittem · Eq €445k
TUINCENTER LISSENS
BE 0477.197.438
Opwijk · Eq €447k
Of 3,387 companies in sector 47761 we hold annual accounts for 1,156. 838 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-12-1977
Fiscal year end31-12
Activities, NACEBEL
46610Wholesale trade
47761Retail sale of flowers, plants, seeds and fertilisers
51880
52483
01410Raising of dairy cattle
45402
47830Retail sale of motorcycles and motorcycle parts and accessories
50400Inland freight water transport
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.