Groep SDC
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 28-07-2026 at the NBB all 14 filings
Turnover
≈ €570,000
Estimated: probably between €450,000 and €760,000
Total assets
€462,618▲ 4.3%
2024 · €443,707
Net result
€24,543▼ 14.0%
2024 · €28,539
Working capital
€54,050▲ 657%
2024 · €7,143
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€43,123
▲ 1.1%
2025
20182025
Net result
€24,543
▼ 14.0%
2025
middle half of the sector
20182025
Equity
€220,307
▲ 12.5%
2025
highest quarter of the sector
20182025
Total assets
€462,618
▲ 4.3%
2025
highest quarter of the sector
20182025
Debt
€242,311
▼ 2.3%
2025
20182025
Working capital
€54,050
▲ 657%
2025
middle half of the sector
20182025
Solvency
47.6%
▲ 3.5pp
2025
middle half of the sector
20182025
Current ratio
1.52
▲ 0.45
2025
middle half of the sector
20182025
Return on assets (ROA)
5.3%
▼ 1.1pp
2025
middle half of the sector
20182025
Staff (FTE)
3.1
▲ 158%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€25,262-€29,632▲ 17.3%€27,396▼ 7.5%€19,878▼ 27.4%-€7,886€36,950€42,669▲ 15.5%€43,123▲ 1.1%
Net result€16,362-€19,883▲ 21.5%€17,358within the sector's middle half▼ 12.7%€15,077within the sector's middle half▼ 13.1%-€12,011below the sector's middle half€27,616above the sector's middle half€28,539above the sector's middle half▲ 3.3%€24,543within the sector's middle half▼ 14.0%
Equity€119,301-€139,184▲ 16.7%€156,542above the sector's middle half▲ 12.5%€171,619above the sector's middle half▲ 9.6%€159,609above the sector's middle half▼ 7.0%€177,225above the sector's middle half▲ 11.0%€195,764above the sector's middle half▲ 10.5%€220,307above the sector's middle half▲ 12.5%
Total assets€298,575-€325,943▲ 9.2%€342,130above the sector's middle half▲ 5.0%€383,991above the sector's middle half▲ 12.2%€350,981above the sector's middle half▼ 8.6%€368,532above the sector's middle half▲ 5.0%€443,707above the sector's middle half▲ 20.4%€462,618above the sector's middle half▲ 4.3%
Debt€179,274-€186,759▲ 4.2%€185,588▼ 0.6%€212,372▲ 14.4%€191,372▼ 9.9%€191,307=€247,943▲ 29.6%€242,311▼ 2.3%
Working capital€10,984-€15,132▲ 37.8%€31,685within the sector's middle half▲ 109%€21,376within the sector's middle half▼ 32.5%€11,606within the sector's middle half▼ 45.7%€43,959within the sector's middle half▲ 279%€7,143within the sector's middle half▼ 83.8%€54,050within the sector's middle half▲ 657%
Solvency40.0%-42.7%▲ 2.7pp45.8%within the sector's middle half▲ 3.1pp44.7%within the sector's middle half▼ 1.1pp45.5%within the sector's middle half▲ 0.8pp48.1%within the sector's middle half▲ 2.6pp44.1%within the sector's middle half▼ 4.0pp47.6%within the sector's middle half▲ 3.5pp
Current ratio1.24-1.24=1.53within the sector's middle half▲ 0.291.31within the sector's middle half▼ 0.221.20within the sector's middle half▼ 0.101.52within the sector's middle half▲ 0.321.07within the sector's middle half▼ 0.451.52within the sector's middle half▲ 0.45
Return on assets (ROA)5.5%-6.1%▲ 0.6pp5.1%within the sector's middle half▼ 1.0pp3.9%within the sector's middle half▼ 1.1pp-3.4%below the sector's middle half▼ 7.3pp7.5%within the sector's middle half▲ 10.9pp6.4%within the sector's middle half▼ 1.1pp5.3%within the sector's middle half▼ 1.1pp
Staff (FTE)1-1=1within the sector's middle half=1=1=1=1.2▲ 20.0%3.1▲ 158%
above
within
below
The sector band is the middle half of the companies in Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 1% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €462,618
Fixed assets
€305,326 ▼ 9.8%
Current assets
€157,293 ▲ 49.7%
Equity and liabilities €462,618
Equity
€220,307 ▲ 12.5%
Debt
€242,311 ▼ 2.3%
Debt's share of the balance-sheet total falls from 55.9% to 52.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€106,819▲
2024 · €96,782
Cash flow
€88,238▲
2024 · €82,652
Quick ratio
1.50▲
2024 · 1.04
Debt to equity
1.10▼
2024 · 1.27
ROE
11.1%▼
2024 · 14.6%
Interest coverage
12.68▼
2024 · 16.51
Debt ≤ 1 year
€103,242▲
2024 · €97,961
Debt > 1 year
€139,069▼
2024 · €149,429
Income taxes
€10,391▲
2024 · €8,344
Staff costs
€77,648▲
2024 · €61,743
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 3 | 4 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | - | 0 | 0 | 2 | 3 |
| in full-time equivalents | 1 | 1 | 1 | 1.2 | 1.6 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 1.2 | 1.7 |
| On a permanent contract | 1 | 1 | 1 | 1 | 4 |
| Joined | - | - | - | 3 | 2 |
| Left | - | - | - | 1 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €78,174 | €32,321 | - | €174,925 | €30,418 |
| Depreciation and write-downs of the year | €35,825 | €43,268 | €41,605 | €54,113 | €63,695 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · €2,891 awarded · €2,891 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €273 | €273 |
| 2023 | 1 | €618 | €618 |
| 2022 | 1 | €2,000 | €2,000 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,170 | - | €1,126 | €23,844 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €42,772 | €44,827 | €54,109 | €61,743 | €77,648 | ▲ 25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,963 | €30,394 | €29,851 | €35,825 | €43,268 | €41,605 | €54,113 | €63,695 | ▲ 17.7% |
| Other operating charges640/8 | - | - | - | €2,611 | €2,760 | €2,948 | €2,633 | €2,771 | ▲ 5.3% |
| Gross operating margin9900 | €98,933 | €96,483 | €100,912 | €101,086 | €82,969 | €135,612 | €161,157 | €187,237 | ▲ 16.2% |
| Operating profit (loss)9901 | €25,262 | €29,632 | €27,396 | €19,878 | -€7,886 | €36,950 | €42,669 | €43,123 | ▲ 1.1% |
| Financial income75/76B | - | - | - | €27 | €0 | €4 | €74 | €234 | ▲ 215% |
| Recurring financial income75 | €196 | €143 | €19 | €27 | €0 | €4 | €74 | €234 | ▲ 215% |
| Financial charges65/66B | - | - | - | €3,591 | €3,658 | €3,376 | €5,861 | €8,423 | ▲ 43.7% |
| Recurring financial charges65 | €4,571 | €3,311 | €3,420 | €3,591 | €3,658 | €3,376 | €5,861 | €8,423 | ▲ 43.7% |
| Profit (loss) for the period before taxes9903 | €20,888 | €26,464 | €23,995 | €16,314 | -€11,543 | €33,578 | €36,882 | €34,934 | ▼ 5.3% |
| Income taxes67/77 | €4,525 | €6,581 | €6,637 | €1,237 | €467 | €5,962 | €8,344 | €10,391 | ▲ 24.5% |
| Profit (loss) for the period9904 | €16,362 | €19,883 | €17,358 | €15,077 | -€12,011 | €27,616 | €28,539 | €24,543 | ▼ 14.0% |
| Profit (loss) for the period to be appropriated9905 | €16,362 | €19,883 | €17,358 | €15,077 | -€12,011 | €27,616 | €28,539 | €24,543 | ▼ 14.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €298,575 | €325,943 | €342,130 | €383,991 | €350,981 | €368,532 | €443,707 | €462,618 | ▲ 4.3% |
| Formation expenses20 | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €241,399 | €247,573 | €250,877 | €293,226 | €282,279 | €240,673 | €338,603 | €305,326 | ▼ 9.8% |
| Intangible fixed assets21 | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €241,399 | €247,573 | €250,877 | €293,226 | €282,279 | €240,673 | €338,603 | €305,326 | ▼ 9.8% |
| Land and buildings22 | - | - | - | €243,267 | €244,982 | €214,343 | €183,705 | €153,213 | ▼ 16.6% |
| Plant, machinery and equipment23 | - | - | - | €7,031 | €4,172 | €2,713 | €8,872 | €5,865 | ▼ 33.9% |
| Furniture and vehicles24 | - | - | - | €42,928 | €33,124 | €23,617 | €146,026 | €146,248 | ▲ 0.2% |
| Current assets29/58 | €57,177 | €78,370 | €91,253 | €90,765 | €68,702 | €127,859 | €105,104 | €157,293 | ▲ 49.7% |
| Stocks and contracts in progress3 | €2,378 | €2,785 | €2,790 | €2,723 | €2,651 | €2,752 | €3,203 | €2,046 | ▼ 36.1% |
| Stocks30/36 | - | - | - | €2,723 | €2,651 | €2,752 | €3,203 | €2,046 | ▼ 36.1% |
| Amounts receivable within one year40/41 | €12,697 | €21,921 | €34,547 | €49,956 | €27,976 | €78,383 | €70,632 | €63,680 | ▼ 9.8% |
| Trade receivables40 | - | - | - | €38,906 | €25,443 | €78,383 | €65,766 | €62,061 | ▼ 5.6% |
| Other amounts receivable41 | - | - | - | €11,050 | €2,533 | - | €4,866 | €1,619 | ▼ 66.7% |
| Current investments50/53 | €20,075 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €21,961 | €53,665 | €53,916 | €37,500 | €33,289 | €45,139 | €28,686 | €85,967 | ▲ 200% |
| Deferred charges and accrued income490/1 | - | - | - | €586 | €4,786 | €1,585 | €2,583 | €5,599 | ▲ 117% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €298,575 | €325,943 | €342,130 | €383,991 | €350,981 | €368,532 | €443,707 | €462,618 | ▲ 4.3% |
| Equity10/15 | €119,301 | €139,184 | €156,542 | €171,619 | €159,609 | €177,225 | €195,764 | €220,307 | ▲ 12.5% |
| Contributions10/11 | €114,600 | €114,600 | - | €114,600 | €114,600 | €114,600 | €114,600 | €114,600 | = |
| Contributions outside capital11 | - | - | - | €114,600 | - | - | - | - | - |
| Other1109/19 | - | - | - | €114,600 | - | - | - | - | - |
| Reserves13 | €10,288 | €20,288 | €35,288 | €43,288 | €45,009 | €62,625 | €81,164 | €105,707 | ▲ 30.2% |
| Non-distributable reserves130/1 | - | - | - | €232 | €232 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €232 | €232 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €56 | €56 | €56 | €56 | €56 | = |
| Distributable reserves133 | - | - | - | €43,000 | €44,721 | €62,569 | €81,108 | €105,651 | ▲ 30.3% |
| Profit (loss) carried forward14 | -€5,587 | €4,296 | €6,654 | €13,731 | - | - | - | - | - |
| Amounts payable17/49 | €179,274 | €186,759 | €185,588 | €212,372 | €191,372 | €191,307 | €247,943 | €242,311 | ▼ 2.3% |
| Amounts payable after more than one year17 | €132,965 | €123,108 | €126,020 | €142,983 | €134,276 | €107,407 | €149,429 | €139,069 | ▼ 6.9% |
| Financial debts170/4 | - | - | - | €142,983 | €134,276 | €107,407 | €149,429 | €139,069 | ▼ 6.9% |
| Amounts payable within one year42/48 | €46,192 | €63,239 | €59,568 | €69,389 | €57,096 | €83,900 | €97,961 | €103,242 | ▲ 5.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €22,082 | €26,371 | €26,869 | €34,264 | €37,839 | ▲ 10.4% |
| Trade debts44 | €2,131 | €22,948 | €13,383 | €13,323 | €4,211 | €20,948 | €20,206 | €12,994 | ▼ 35.7% |
| Suppliers440/4 | - | - | - | €13,323 | €4,211 | €20,948 | €20,206 | €12,994 | ▼ 35.7% |
| Taxes, remuneration and social security45 | - | - | - | €4,841 | €6,968 | €13,507 | €12,999 | €22,016 | ▲ 69.4% |
| Taxes450/3 | - | - | - | - | €902 | €7,726 | €500 | €7,652 | ▲ 15× |
| Remuneration and social security454/9 | - | - | - | €4,841 | €6,066 | €5,780 | €12,499 | €14,364 | ▲ 14.9% |
| Other amounts payable47/48 | - | - | - | €29,143 | €19,547 | €22,576 | €30,492 | €30,393 | ▼ 0.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €554 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,362 | €19,883 | €17,358 | €15,077 | -€12,011 | €27,616 | €28,539 | €24,543 | ▼ 14.0% |
| + Depreciation and write-downs630 | €29,963 | €30,394 | €29,851 | €35,825 | €43,268 | €41,605 | €54,113 | €63,695 | ▲ 17.7% |
| Operating cash flow (approximation) | €46,326 | €50,277 | €47,209 | €50,902 | €31,258 | €69,222 | €82,652 | €88,238 | ▲ 6.8% |
| Investment in fixed assets (approximation) | - | -€36,568 | -€33,155 | -€78,174 | -€32,321 | €0 | -€152,043 | -€30,418 | ▲ 80.0% |
| Change in cash | - | €31,704 | €252 | -€16,416 | -€4,211 | €11,850 | -€16,453 | €57,281 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as Groep SDC has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of Groep SDC itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for Groep SDC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00360342 | |
| 31-12-2024 | micro format | 04-08-2025 | 2025-00365197 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00208289 | |
| 31-12-2022 | micro format | 08-08-2023 | 2023-00327951 | |
| 31-12-2021 | micro format | 12-08-2022 | 2022-20303526 | |
| 31-12-2020 | micro format | 04-10-2021 | 2021-71300188 | |
| 31-12-2019 | micro format | 03-09-2020 | 2020-51500203 | |
| 31-12-2018 | micro format | 06-07-2019 | 2019-30200027 | |
| 31-12-2017 | micro format | 05-07-2018 | 2018-30000335 | |
| 31-12-2016 | micro format | 06-07-2017 | 2017-28800227 |