Equity
€1.2m ▲ 13.7%
S & D Tech paid out €20,000 in dividends. That is 12% of the 2025 profit.
S & D Tech
Lifetime
17 annual accounts with figures on one time axispeak €1.3m (2023)
€1.2m▲ 107%
lowest -€550,700 (2024)
€168,194▲ €718,894
peak €1.9m (2021)
€1.2m▲ 13.7%
€2.2m▼ 23.3%
peak 21.2 FTE (2023)
21.2 FTEunchanged
Board1 name since 2021
1 directorMATHUS David Joseph Emile Marie Ghislain
Documentsfilings and deeds
03-04-2026119 days before the deadline
2025financial year
Turnover from €4.3m to €5.2mGross margin from €587,329 to €1.2mBack to profit: €168,194Dividend €20,000Equity from €1.1m to €1.2mDebts from €2.8m to €2.2m
Key points
from the 2025 annual accountsChecked score
70
Healthy
Financially stronger than 49% of small companies in electrical equipment (NACE 27)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 92 companies (NACE 27, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.4%▲ +0.2 percentage points vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.5%▲ +0.1 percentage points vs 02-2025
04-2025: 0.6%▲ +0.1 percentage points vs 03-2025
05-2025: 0.8%▲ +0.2 percentage points vs 04-2025
06-2025: 0.9%▲ +0.1 percentage points vs 05-2025
07-2025: 1.9%▲ +1.0 percentage point vs 06-2025
08-2025: 1.9%● unchanged vs 07-2025
09-2025: 1.9%● unchanged vs 08-2025
10-2025: 1.9%● unchanged vs 09-2025
11-2025: 1.9%● unchanged vs 10-2025
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 1.9%● unchanged vs 12-2025
02-2026: 1.9%● unchanged vs 01-2026
03-2026: 2.2%▲ +0.3 percentage points vs 02-2026
04-2026: 2.5%▲ +0.3 percentage points vs 03-2026highest value
05-2026: 0.6%▼ -1.9 percentage points vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Figures for financial year 2025 (filed on 03-04-2026)
Founded in 2008
Profit of €168,194 (financial year 2025)
Calculation
The band follows from the bankruptcy probability. 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 27, small). It does better than 48% of them on solvency, 29% on liquidity, 40% on profitability and 78% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,049 companies had the same profile as S & D Tech has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of S & D Tech itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,049 companies, not a prediction for S & D Tech. 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.
Credit verdict
Credit of up to €80,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.37 (1.24 in 2024), below the usual 1.5. Short-term debt is 44.4% and cash 4.5% of total assets. 64.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 03-04-2026, 119 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
119 days early
2024
34 days early
2023
47 days early
2022
11 days early
2021
2 days early
2020
30 days late
2019
48 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 27), the median for financial year 2024 was 6 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · 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 27 June (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MATHUS David Joseph Emile Marie Ghislain seul actionnaire et administrateurdeed of 14-02-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0807030496
Registered-office move
Board meeting of 19-11-2024 · Gazette deed
New establishment in Flémalle
Rue des Métiers 14
Resignation: MATHUS David Joseph Emile Marie Ghislain (manager)
Reappointment: MATHUS David Joseph Emile Marie Ghislain (director) · MATHUS David Joseph Emile Marie Ghislain holds 186 shares (100%) · Director discharge: MATHUS David Joseph Emile Marie Ghislain · General meeting of 07-02-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| S & D Tech Flémalle | €5.2m | 6.2% | 35.5% | 21.2 |
| IEM Power Systems Herve | - | - | 21.0% | 13.3 |
| Dirac Industries Sint-Pieters-Leeuw | - | - | 21.9% | 14 |
| NUYTTENS AUTOMATISATIE Wielsbeke | - | - | 27.2% | 10.7 |
| LHM Geel | - | - | 51.6% | 23 |
| DEF BELGIUM Brussels | €9.6m | 1.2% | 39.8% | 59.6 |
| XLR Sint-Gillis (bij-Brussel) | - | - | 56.1% | 11.3 |
Grey: the largest companies of the sector (electrical equipment (NACE 27)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as S & D Tech: manufacture of electrical equipment (NACE 27900). They are comparable in size and age: total assets between €3.4m and €7.2m, founded between 1992 and 2014.
Official details
Source: KBO- Status
- Active since 10-10-2008Normal situation
- Activity
- Manufacture of electrical equipmentNACE 27900
- Establishment units
- 2.175.066.0384342 Awans, since 07-10-2008
- 2.366.368.3494400 Flémalle, since 22-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Annual accounts 2025
- €3.4m▼ 13.2%
- Employeeson 31-12-2025
- 16▲ 6.7%
- Filing
- Filed on 03-04-2026, 119 days before the end of the filing period
Insights on S & D Tech
S & D Tech has existed since 2008. In 2023 the gross margin rose from €465,553 to €1.3m.
Solvency rose in 2025 from 27.1% to 35.5% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about S & D Tech
- What is the company number of S & D Tech?
- The company number of S & D Tech is 0807.030.496. The VAT number is the same number with BE in front: BE 0807.030.496.
- Where is S & D Tech based?
- The registered office is at Rue des Métiers 14, 4400 Flémalle.Company details
- What does S & D Tech do?
- According to the KBO register, the main activity is manufacture of electrical equipment (NACE 27900).
- What is the legal form of S & D Tech?
- S & D Tech is a private limited company (BV).
- When was S & D Tech founded?
- S & D Tech was founded on 10-10-2008.
- Is S & D Tech still active?
- Yes, S & D Tech is an active enterprise in the KBO register.
- How many employees does S & D Tech have?
- S & D Tech had an average of 21.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of S & D Tech?
- The turnover of S & D Tech was €5.2m in financial year 2025, according to the filed annual accounts.
- Is S & D Tech profitable?
- In financial year 2025, S & D Tech made a profit of €168,194.
- Where can I find the annual accounts of S & D Tech?
- S & D Tech filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of S & D Tech due?
- S & D Tech must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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