SDC
ActiveSummary
SDC has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.18M and a net result of €698k. Equity is growing by ~35.1% per year across the filed fiscal years. Its solvency ranks better than 70% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-2
Solvency89▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
Liquidity ample (current ratio 2.84 against 3.14 in 2024; short-term debt: 35% and cash: 23.8% of total assets), and 36% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
64%
Return on assets
14%
Age of the figures
10 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 27-05-2026, 34 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
34 d early
2024
35 d early
2023
34 d early
2022
21 d early
2021
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-11-2026 close30-06-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.18M▲ 28.0%
2024 · €2.49M
2021: €416klowest in 5 years
2022: €1.04M▲ +149% vs 2021
2023: €1.98M▲ +90.8% vs 2022
2024: €2.49M▲ +25.8% vs 2023
2025: €3.18M▲ +28.0% vs 2024highest in 5 years
2021 → 2025
Total assets
€4.97M▲ 5.6%
2024 · €4.71M
2021: €1.88Mlowest in 5 years
2022: €3.82M▲ +103% vs 2021
2023: €5.08M▲ +32.9% vs 2022highest in 5 years
2024: €4.71M▼ -7.3% vs 2023
2025: €4.97M▲ +5.6% vs 2024
2021 → 2025
Net result
€698k▼ 4.3%
2024 · €729k
2021: €414klowest in 5 years
2022: €621k▲ +50.0% vs 2021
2023: €940k▲ +51.3% vs 2022highest in 5 years
2024: €729k▼ -22.4% vs 2023
2025: €698k▼ -4.3% vs 2024
2021 → 2025
Working capital
€3.20M▲ 1.2%
2024 · €3.16M
2021: €396klowest in 5 years
2022: €2.19M▲ +452% vs 2021
2023: €2.97M▲ +35.8% vs 2022
2024: €3.16M▲ +6.6% vs 2023
2025: €3.20M▲ +1.2% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€416k-€1.04M▲ 149%€1.98M▲ 90.8%€2.49M▲ 25.8%€3.18M▲ 28.0%
2021: €416klowest in 5 years
2022: €1.04M▲ +149% vs 2021
2023: €1.98M▲ +90.8% vs 2022
2024: €2.49M▲ +25.8% vs 2023
2025: €3.18M▲ +28.0% vs 2024highest in 5 years
Operating result€376k-€552k▲ 46.9%€1.18M▲ 115%€819k▼ 30.9%€608k▼ 25.8%
2021: €376klowest in 5 years
2022: €552k▲ +46.9% vs 2021
2023: €1.18M▲ +115% vs 2022highest in 5 years
2024: €819k▼ -30.9% vs 2023
2025: €608k▼ -25.8% vs 2024
Net result€414k-€621k▲ 50.0%€940k▲ 51.3%€729k▼ 22.4%€698k▼ 4.3%
2021: €414klowest in 5 years
2022: €621k▲ +50.0% vs 2021
2023: €940k▲ +51.3% vs 2022highest in 5 years
2024: €729k▼ -22.4% vs 2023
2025: €698k▼ -4.3% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.97M
Fixed assets
€31k ▼ 50.4%
Current assets
€4.94M ▲ 6.3%
Equity and liabilities €4.97M
Equity
€3.18M ▲ 28.0%
Debt
€1.79M ▼ 19.6%
Debt's share of the balance-sheet total falls from 47.2% to 36.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€642k▼
2024 · €853k
Cash flow
€732k▼
2024 · €763k
Current ratio
2.84▼
2024 · 3.14
Debt to equity
0.56▼
2024 · 0.89
ROE
21.9%▼
2024 · 29.4%
ROA
14.0%▼
2024 · 15.5%
Interest coverage
9.92▼
2024 · 10.94
Debt ≤ 1 year
€1.74M▲
2024 · €1.48M
Income taxes
€237k▼
2024 · €248k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.71M€4.97M▲
Fixed assets21/28€63k€31k▼
Tangible fixed assets22/27€63k€31k▼
Furniture and vehicles24€63k€31k▼
Current assets29/58€4.64M€4.94M▲
Amounts receivable within one year40/41€1.70M€648k▼
Trade receivables40€1.68M€621k▼
Other amounts receivable41€23k€27k▲
Current investments50/53€2.40M€3.08M▲
Cash at bank and in hand54/58€542k€1.19M▲
Deferred charges and accrued income490/1€5k€28k▲
Equity and liabilities
Total equity and liabilities10/49€4.71M€4.97M▲
Equity10/15€2.49M€3.18M▲
Contributions10/11€3k€3k=
Reserves13€2.48M€3.18M▲
Distributable reserves133€2.48M€3.18M▲
Amounts payable17/49€2.22M€1.79M▼
Amounts payable within one year42/48€1.48M€1.74M▲
Financial debts43€1.30M€1.62M▲
Credit institutions430/8€1.30M€1.62M▲
Trade debts44€19k€98k▲
Suppliers440/4€19k€98k▲
Taxes, remuneration and social security45€250-
Taxes450/3€250-
Other amounts payable47/48€159k€18k▼
Accrued charges and deferred income492/3€742k€50k▼
Income statement
Code20242025
Non-recurring operating income76A€14k€6k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€34k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€263▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€858k€643k▼
Operating profit (loss)9901€819k€608k▼
Financial income75/76B€236k€392k▲
Recurring financial income75€236k€392k▲
Financial charges65/66B€78k€65k▼
Recurring financial charges65€78k€65k▼
Profit (loss) for the period before taxes9903€977k€936k▼
Income taxes67/77€248k€237k▼
Profit (loss) for the period9904€729k€698k▼
Profit (loss) for the period to be appropriated9905€729k€698k▼
Appropriation of the result
Profit (loss) to be appropriated9906€729k€698k▼
Transfer from equity791/2€220k€2k▼
Transfer to equity691/2€729k€698k▼
To other reserves6921€729k€698k▼
Profit to be distributed694/7€220k€2k▼
Return on contributions (dividend)694€220k€2k▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €227 | €2k | €14k | €6k | ▼ 56.8% |
| Remuneration, social security and pensions62 | - | - | €33k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €29k | €31k | €34k | €34k | ▲ 1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €5k | €-5k | €4k | €263 | ▼ 93.2% |
| Other operating charges640/8 | €1k | €615 | €4k | €1k | €1k | ▼ 12.0% |
| Non-recurring operating charges66A | - | - | €9k | - | - | - |
| Gross operating margin9900 | €390k | €587k | €1.26M | €858k | €643k | ▼ 25.0% |
| Operating profit (loss)9901 | €376k | €552k | €1.18M | €819k | €608k | ▼ 25.8% |
| Financial income75/76B | €177k | €281k | €109k | €236k | €392k | ▲ 65.9% |
| Recurring financial income75 | €177k | €281k | €109k | €236k | €392k | ▲ 65.9% |
| Financial charges65/66B | €15k | €11k | €46k | €78k | €65k | ▼ 16.9% |
| Recurring financial charges65 | €15k | €11k | €41k | €78k | €65k | ▼ 16.9% |
| Non-recurring financial charges66B | - | - | €5k | - | - | - |
| Profit (loss) for the period before taxes9903 | €538k | €822k | €1.25M | €977k | €936k | ▼ 4.3% |
| Income taxes67/77 | €124k | €200k | €308k | €248k | €237k | ▼ 4.3% |
| Profit (loss) for the period9904 | €414k | €621k | €940k | €729k | €698k | ▼ 4.3% |
| Profit (loss) for the period to be appropriated9905 | €414k | €621k | €940k | €729k | €698k | ▼ 4.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.88M | €3.82M | €5.08M | €4.71M | €4.97M | ▲ 5.6% |
| Fixed assets21/28 | €98k | €113k | €97k | €63k | €31k | ▼ 50.4% |
| Tangible fixed assets22/27 | €98k | €113k | €97k | €63k | €31k | ▼ 50.4% |
| Furniture and vehicles24 | €91k | €108k | €97k | €63k | €31k | ▼ 50.4% |
| Other tangible fixed assets26 | €7k | €6k | - | - | - | - |
| Current assets29/58 | €1.78M | €3.71M | €4.98M | €4.64M | €4.94M | ▲ 6.3% |
| Amounts receivable within one year40/41 | €1.00M | €3.01M | €1.57M | €1.70M | €648k | ▼ 61.9% |
| Trade receivables40 | €991k | €2.98M | €1.50M | €1.68M | €621k | ▼ 63.0% |
| Other amounts receivable41 | €12k | €38k | €67k | €23k | €27k | ▲ 15.2% |
| Current investments50/53 | - | - | €1.75M | €2.40M | €3.08M | ▲ 28.4% |
| Cash at bank and in hand54/58 | €779k | €693k | €1.62M | €542k | €1.19M | ▲ 119% |
| Deferred charges and accrued income490/1 | - | - | €43k | €5k | €28k | ▲ 470% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.88M | €3.82M | €5.08M | €4.71M | €4.97M | ▲ 5.6% |
| Equity10/15 | €416k | €1.04M | €1.98M | €2.49M | €3.18M | ▲ 28.0% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €413k | €1.03M | €1.97M | €2.48M | €3.18M | ▲ 28.1% |
| Distributable reserves133 | €413k | €1.03M | €1.97M | €2.48M | €3.18M | ▲ 28.1% |
| Amounts payable17/49 | €1.46M | €2.79M | €3.10M | €2.22M | €1.79M | ▼ 19.6% |
| Amounts payable within one year42/48 | €1.39M | €1.52M | €2.01M | €1.48M | €1.74M | ▲ 17.3% |
| Financial debts43 | - | - | €920k | €1.30M | €1.62M | ▲ 24.4% |
| Credit institutions430/8 | - | - | €920k | €1.30M | €1.62M | ▲ 24.4% |
| Trade debts44 | €236k | €54k | €61k | €19k | €98k | ▲ 422% |
| Suppliers440/4 | €236k | €54k | €61k | €19k | €98k | ▲ 422% |
| Advances received on contracts in progress46 | €3k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €127k | €200k | €302k | €250 | - | - |
| Taxes450/3 | €127k | €200k | €302k | €250 | - | - |
| Other amounts payable47/48 | €1.02M | €1.27M | €727k | €159k | €18k | ▼ 88.5% |
| Accrued charges and deferred income492/3 | €79k | €1.26M | €1.09M | €742k | €50k | ▼ 93.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €414k | €621k | €940k | €729k | €698k | ▼ 4.3% |
| + Depreciation and write-downs630 | €13k | €29k | €31k | €34k | €34k | ▲ 1.1% |
| Operating cash flow (approximation) | €427k | €651k | €971k | €763k | €732k | ▼ 4.1% |
| Investment in fixed assets (approximation) | - | €-44k | €-15k | €0 | €-2k | - |
| Change in cash | - | €-85k | €922k | €-1.07M | €643k | ▲ 160% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-11
Financial
Equity above €2MEq €2.49M ▲25.8%
4 profitable years in a row build equity to €2.49M.
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-11
Financial
Highest result since 2021net €940k ▲51.3%
Operating result €1.18M, net result €940k, both a record.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-11
Financial
Equity above €1MEq €1.04M ▲149%
2 profitable years in a row build equity to €1.04M.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2020
Ground area
457 m²
Building footprint
460 m²
Volume, LiDAR
10,283 m³
Parcel 11802B0062/00C002, Flanders · tallest building 26.9 m, ±8 floors. Linked by address, not a title deed.
45
companies at this address
See who is registered here
1 establishment unit
SDC
since 20202.306.615.161
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B0062/00C002 | Flanders | 457 m² | 1 · 460 m² | 26.9 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
254900JK2XCR0SL9NP65
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Of 199 companies in sector 46425 we hold annual accounts for 135. 58 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-09-2020
Fiscal year end30-11
Activities, NACEBEL 2025
46425Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.