GARDEC-S.D.S.

Active

Public limited companyfounded 1983active for 43 yearsBoomkorstraat 7-8, 8380 Brugge, BelgiumKBO/BCE: BE 0424.632.940

Summary

GARDEC-S.D.S. has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €1.6m, of which €1.3m non-recurring income. Equity is growing by about 6% per year across the filed financial years. Its solvency ranks better than 28% of 190 sector peers (NACE 33, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

GARDEC-S.D.S.ActiveChecked score 95/100

Risk analysis Report Compare

Activity

Repair, maintenance and installation of machinery and equipment

NACE 33150

7th fastest staff growth in Bruges, Manufacturing sector1 site

Size

€17.4mturnover 2025

Staff: 21.9 FTE
Equity: €1.5m
Profit: €1.6m

Financial health

95 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Parent: H.NCD · 100%

Ellen D’hoedtDirector
H.NCD BEHEERManaging director · permanent representative Hugo D’hoedt
SEASITEManaging director · permanent representative Dieter D’hoedt

Auditor: Ernst et Young Reviseurs d'Entreprises2025 accounts 25 days early4 of 11 deeds summarised

Why 95raises riskSector: Repair, maintenance and installation of machinery and equipment (NACE 33)lowers riskLiquidity: current ratio 1.37, cash €1.6mFounded in 1983Size: turnover €17.4m, 21.9 FTE, total assets €5.2mShow the evidence

Checked score

Score 2025

95 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 59% of its sector peers (NACE 33, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 53+14

equity 27.7% of total assets

Liquidity 54+23

short-term debt 65.2% · cash 30.8%

Profitability 93+44

return on assets 30.3%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (194 companies, NACE 33, small)

Last 24 months 11-2024: 1.2% 12-2024: 1.2%● unchanged vs 11-2024 01-2025: 1.2%● unchanged vs 12-2024 02-2025: 1.2%● unchanged vs 01-2025 03-2025: 1.2%● unchanged vs 02-2025 04-2025: 1.2%● unchanged vs 03-2025 05-2025: 1.2%● unchanged vs 04-2025 06-2025: 1.2%● unchanged vs 05-2025 07-2025: 1.4%▲ +0.2 percentage points vs 06-2025highest value 08-2025: 1.4%● unchanged vs 07-2025 09-2025: 1.4%● unchanged vs 08-2025 10-2025: 1.4%● unchanged vs 09-2025 11-2025: 1.4%● unchanged vs 10-2025 12-2025: 1.4%● unchanged vs 11-2025 01-2026: 1.4%● unchanged vs 12-2025 02-2026: 1.4%● unchanged vs 01-2026 03-2026: 1.4%● unchanged vs 02-2026 04-2026: 1.4%● unchanged vs 03-2026 05-2026: 1.4%● unchanged vs 04-2026 06-2026: 1.4%● unchanged vs 05-2026 07-2026: 1.4%● unchanged vs 06-2026 08-2026: 0.1%▼ -1.3 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value

Credit of up to €130,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.37, compared with 1.09 in 2024, below the usual 1.5; short-term debt: 65.2% and cash: 30.8% of total assets), and 72.3% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 33, small): better than 32% on solvency, 69% on liquidity, 93% on profitability and 44% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Liquidity: current ratio 1.37, cash €1.6m

NBB · annual accounts

Founded in 1983

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)

KBO

Size: turnover €17.4m, 21.9 FTE, total assets €5.2m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

25 days early

2024

7 days early

2023

13 days early

2022

30 days late

2021

30 days late

2020

12 days early

2019

9 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 1 day before the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 July (5 of the last 5 filed years within 37 days of that day).

Companies Code · seven months

Where today falls in the filing period

27-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

06-07-2026 Annual accounts filedfinancial year 2025 · full…
23-02-2026 Appointment: Ernst & Young Bedrijfsrevisoren BV…Permanent representative: Brecht Deketele
31-12-2025 Highest result from 2018 to 2025net €1.6m ▲607%

Key points

Result rose in 2025mostly a one-off income of €1.3m ▲ 607% View
Positive: 7 years of growth in a rowturnover 2025: €17.4m 7 years View
Positive: Among the best 11% on net resultsector median €75,265 · 188 companies €1.6m View
Controlled by H.NCD 100% View

By topic

Financials

Financial year: 2025
Turnover: €17.4m
Profit: €1.6m
Solvency: 27.7%

Turnover▲ 15.4%

Net result

20182025

Go to Financials

Board & ownership

Board: 3 members
Parent: H.NCD · 100%
Auditor: Ernst et Young Reviseurs…

Ellen D’hoedtDirector
H.NCD BEHEERManaging director
SEASITEManaging director

Go to Board & ownership

Network & group

Connected companies: 5
Mergers and asset contributions: 1

Go to Network & group

Timeline

Events: 49
Since: 1985
Next accounts: by 31-07-2027

25-08-2025Capital & shares · Amendment of the…
24-07-2025Annual accounts filed
21-05-2025Restructuring

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Repair, maintenance and installation of machinery and equipmentNACE 33150
Founded: 14-09-1983
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 28

Annual meeting: Second Monday of June at 10:00

Go to Articles of association

Key facts about GARDEC-S.D.S.

What is the company number of GARDEC-S.D.S.?: 0424.632.940. In Belgium the VAT number is the company number with BE in front: BE 0424.632.940.
Where is GARDEC-S.D.S. based?: The registered office is at Boomkorstraat 7-8, 8380 Brugge.Company details
What does GARDEC-S.D.S. do?: According to the KBO register, the main activity is repair, maintenance and installation of machinery and equipment (NACE 33150).
What is the legal form of GARDEC-S.D.S.?: Public limited company (NV).
When was GARDEC-S.D.S. founded?: On 14-09-1983.
Is GARDEC-S.D.S. still active?: Yes, GARDEC-S.D.S. is an active enterprise in the KBO register.
How many employees does GARDEC-S.D.S. have?: On average 21.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of GARDEC-S.D.S.?: €17.4m in financial year 2025, according to the filed annual accounts.
Is GARDEC-S.D.S. profitable?: In financial year 2025, GARDEC-S.D.S. made a profit of €1.6m.
Where can I find the annual accounts of GARDEC-S.D.S.?: GARDEC-S.D.S. filed 42 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GARDEC-S.D.S. due?: By 31-07-2027, for financial year 2026.Timeline