S.D.S.
ActiveSummary
S.D.S. has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €988,573 and a net result of €379,758. Equity is growing by ~7.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+23
Solvency89▲+40
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 5.44 against 1.12 in 2023; short-term debt: 10.6% and cash: 4.3% of total assets), and 36% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
64%
Return on assets
24.6%
Age of the figures
21 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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
2 d early
2023
14 d early
2022
124 d early
2021
3 d early
2020
59 d early
2019
32 d 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 39 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 18 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€988,573▲ 56.0%
2023 · €633,814
Total assets
€1.5m▼ 41.4%
2023 · €2.6m
Net result
€379,758▲ 131%
2023 · €164,619
Working capital
€726,368▲ 315%
2023 · €174,904
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€51,649-€24,750€45,795€208,377▲ 355%€557,217▲ 167%
Net result€27,486within the sector's middle half-€40,091below the sector's middle half€34,704within the sector's middle half€164,619above the sector's middle half▲ 374%€379,758above the sector's middle half▲ 131%
Equity€474,582within the sector's middle half▲ 6.1%€434,491within the sector's middle half▼ 8.4%€469,195within the sector's middle half▲ 8.0%€633,814within the sector's middle half▲ 35.1%€988,573above the sector's middle half▲ 56.0%
Total assets€2.5mabove the sector's middle half▲ 0.9%€2.5mabove the sector's middle half▲ 1.0%€2.5mabove the sector's middle half▲ 1.1%€2.6mabove the sector's middle half▲ 5.2%€1.5mwithin the sector's middle half▼ 41.4%
Debt€2.0m▼ 0.3%€2.0m▲ 3.2%€2.0m▼ 0.4%€2.0m▼ 1.7%€554,897▼ 72.3%
Working capital-€10,116below the sector's middle half▲ 90.1%-€70,532below the sector's middle half▼ 597%€19,808within the sector's middle half€174,904within the sector's middle half▲ 783%€726,368above the sector's middle half▲ 315%
Solvency19.3%within the sector's middle half▲ 1.0pp17.5%within the sector's middle half▼ 1.8pp18.7%within the sector's middle half▲ 1.2pp24.1%within the sector's middle half▲ 5.3pp64.0%above the sector's middle half▲ 40.0pp
Current ratio0.99below the sector's middle half▲ 0.070.95below the sector's middle half▼ 0.041.01below the sector's middle half▲ 0.061.12within the sector's middle half▲ 0.105.44above the sector's middle half▲ 4.33
Return on assets (ROA)1.1%within the sector's middle half▲ 3.5pp-1.6%below the sector's middle half▼ 2.7pp1.4%within the sector's middle half▲ 3.0pp6.2%within the sector's middle half▲ 4.9pp24.6%above the sector's middle half▲ 18.4pp
Staff (FTE)11.4above the sector's middle half▲ 3.6%13.5above the sector's middle half▲ 18.4%14.8above the sector's middle half▲ 9.6%14.5above the sector's middle half▼ 2.0%3.6within the sector's middle half▼ 75.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 167% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€653,602 ▼ 32.3%
Current assets
€889,867 ▼ 46.7%
Equity and liabilities €1.5m
Equity
€988,573 ▲ 56.0%
Debt
€554,897 ▼ 72.3%
Debt's share of the balance-sheet total falls from 75.9% to 36.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€662,617▲
2023 · €380,293
Cash flow
€485,159▲
2023 · €336,535
Quick ratio
4.50▲
2023 · 0.42
Debt to equity
0.56▼
2023 · 3.16
ROE
38.4%▲
2023 · 26.0%
Interest coverage
13.67▲
2023 · 9.05
Debt ≤ 1 year
€163,499▼
2023 · €1.5m
Debt > 1 year
€391,398▼
2023 · €506,697
Income taxes
€143,567▲
2023 · €56,208
Staff costs
€195,823▼
2023 · €775,131
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,040 | €12,490 | €1,060 | €1,604 | ▲ 51.3% |
| Remuneration, social security and pensions62 | - | €661,939 | €804,481 | €775,131 | €195,823 | ▼ 74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €147,877 | €157,712 | €174,682 | €171,915 | €105,401 | ▼ 38.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €17,082 | €2,509 | €589 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €10,184 | €9,703 | €12,244 | €17,629 | ▲ 44.0% |
| Non-recurring operating charges66A | - | - | - | - | €30,831 | - |
| Gross operating margin9900 | €701,548 | €822,167 | €1.0m | €1.2m | €906,900 | ▼ 22.4% |
| Operating profit (loss)9901 | €51,649 | -€24,750 | €45,795 | €208,377 | €557,217 | ▲ 167% |
| Financial income75/76B | - | €7,710 | €12,816 | €54,486 | €14,565 | ▼ 73.3% |
| Recurring financial income75 | €831 | €7,710 | €12,816 | €54,486 | €14,565 | ▼ 73.3% |
| Financial charges65/66B | - | €22,524 | €20,953 | €42,036 | €48,457 | ▲ 15.3% |
| Recurring financial charges65 | €21,272 | €22,524 | €20,953 | €42,036 | €48,457 | ▲ 15.3% |
| Profit (loss) for the period before taxes9903 | €31,208 | -€39,564 | €37,658 | €220,827 | €523,325 | ▲ 137% |
| Income taxes67/77 | €3,722 | €526 | €2,954 | €56,208 | €143,567 | ▲ 155% |
| Profit (loss) for the period9904 | €27,486 | -€40,091 | €34,704 | €164,619 | €379,758 | ▲ 131% |
| Transfer to tax-exempt reserves689 | - | - | - | €92,620 | €189,879 | ▲ 105% |
| Profit (loss) for the period to be appropriated9905 | €27,486 | -€40,091 | €34,704 | €71,999 | €189,879 | ▲ 164% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.5m | €2.5m | €2.6m | €1.5m | ▼ 41.4% |
| Fixed assets21/28 | €1.2m | €1.1m | €1.0m | €965,607 | €653,602 | ▼ 32.3% |
| Intangible fixed assets21 | €720 | €28,806 | €29,839 | €21,769 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1.1m | €1.1m | €964,427 | €942,793 | €650,812 | ▼ 31.0% |
| Land and buildings22 | - | €388,068 | €344,949 | €301,831 | €258,712 | ▼ 14.3% |
| Plant, machinery and equipment23 | - | €44,292 | €45,082 | €69,706 | €18,109 | ▼ 74.0% |
| Furniture and vehicles24 | - | €104,471 | €119,478 | €150,621 | €37,068 | ▼ 75.4% |
| Other tangible fixed assets26 | - | €519,646 | €454,918 | €420,636 | €336,924 | ▼ 19.9% |
| Financial fixed assets28 | €7,025 | €7,030 | €7,035 | €1,045 | €2,790 | ▲ 167% |
| Current assets29/58 | €1.3m | €1.4m | €1.5m | €1.7m | €889,867 | ▼ 46.7% |
| Stocks and contracts in progress3 | €878,470 | €896,350 | €968,289 | €1.0m | €153,487 | ▼ 85.3% |
| Stocks30/36 | - | €896,350 | €968,289 | €1.0m | €153,487 | ▼ 85.3% |
| Amounts receivable within one year40/41 | €391,297 | €386,355 | €498,365 | €458,965 | €150,496 | ▼ 67.2% |
| Trade receivables40 | - | €386,355 | €498,365 | €455,738 | €103,092 | ▼ 77.4% |
| Other amounts receivable41 | - | - | - | €3,226 | €47,404 | ▲ 1,369% |
| Current investments50/53 | - | - | - | - | €500,000 | - |
| Cash at bank and in hand54/58 | €26,025 | €92,128 | €24,057 | €145,916 | €66,536 | ▼ 54.4% |
| Deferred charges and accrued income490/1 | - | €11,357 | €12,818 | €18,213 | €19,347 | ▲ 6.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.5m | €2.5m | €2.6m | €1.5m | ▼ 41.4% |
| Equity10/15 | €474,582 | €434,491 | €469,195 | €633,814 | €988,573 | ▲ 56.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €455,982 | €415,891 | €450,595 | €615,214 | €969,973 | ▲ 57.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | €2,650 | €2,650 | €95,270 | €285,149 | ▲ 199% |
| Distributable reserves133 | - | €411,381 | €446,085 | €519,944 | €684,824 | ▲ 31.7% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €2.0m | €2.0m | €2.0m | €2.0m | €554,897 | ▼ 72.3% |
| Amounts payable after more than one year17 | €665,568 | €587,290 | €551,914 | €506,697 | €391,398 | ▼ 22.8% |
| Financial debts170/4 | - | €587,290 | €551,914 | €506,697 | €391,398 | ▼ 22.8% |
| Amounts payable within one year42/48 | €1.3m | €1.5m | €1.5m | €1.5m | €163,499 | ▼ 89.1% |
| Current portion of amounts payable after more than one year42 | - | €378,278 | €433,498 | €436,680 | €59,967 | ▼ 86.3% |
| Financial debts43 | - | - | €2,150 | €42,546 | €40,000 | ▼ 6.0% |
| Credit institutions430/8 | - | - | €2,150 | €42,546 | €40,000 | ▼ 6.0% |
| Trade debts44 | €397,019 | €483,325 | €438,166 | €485,590 | €12,958 | ▼ 97.3% |
| Suppliers440/4 | - | €483,325 | €438,166 | €485,590 | €12,958 | ▼ 97.3% |
| Taxes, remuneration and social security45 | - | €197,770 | €231,697 | €160,941 | €40,566 | ▼ 74.8% |
| Taxes450/3 | - | €55,121 | €73,592 | €48,677 | €40,566 | ▼ 16.7% |
| Remuneration and social security454/9 | - | €142,649 | €158,105 | €112,264 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €397,350 | €378,210 | €368,471 | €10,007 | ▼ 97.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,486 | -€40,091 | €34,704 | €164,619 | €379,758 | ▲ 131% |
| + Depreciation and write-downs630 | €147,877 | €157,712 | €174,682 | €171,915 | €105,401 | ▼ 38.7% |
| Operating cash flow (approximation) | €175,363 | €117,621 | €209,386 | €336,535 | €485,159 | ▲ 44.2% |
| Investment in fixed assets (approximation) | - | -€99,759 | -€83,670 | -€136,221 | €206,603 | ▲ 252% |
| Change in cash | - | €66,103 | -€68,071 | €121,858 | -€79,380 | ▼ 165% |
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
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €379,758 ▲131%
Operating result €557,217, net result €379,758, both a record.
31-12
Financial
Liquidity times 5current ratio 5.44
Current ratio from 1.12 to 5.44; short-term debt falls from €1.5m to €163,499.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €633,814 ▲35.1%
2 profitable years in a row build equity to €633,814.
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €34,704
Net result €34,704 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €27,486
Net result €27,486 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€58,770
Net result drops to -€58,770, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 10 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Stekene · 1 establishment unit since 1994
Ground area
3,502 m²
Building footprint
1,704 m²
Volume, LiDAR
9,345 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
S.D.S.
since 19942.065.908.374
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024A1337/00C000 | Flanders | 2,896 m² | 1 · 1,228 m² | 7.9 m · 2 fl. |
| 46005A0017/00D000 | Flanders | 606 m² | 1 · 476 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 2
-
16.67%
-
11.11%
According to the 2022 annual accounts of S.D.S. and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 3,323 EUR awarded · 3,941 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,650 EUR | 1,650 EUR |
| 2023 | 1 | 1,635 EUR | 2,253 EUR |
| 2022 | 1 | 38 EUR | 38 EUR |
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Of 2,445 companies in sector 47820 we hold annual accounts for 780. 393 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
Founded26-01-1994
Fiscal year end31-12
Activities, NACEBEL 2025
47820Retail sale of motor vehicle parts and accessories
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46713Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452065728
Also
9925:BE0452065728
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.