S & D Tech
ActiveSummary
S & D Tech has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.21M and a net result of €168k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 47% of 100 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▲+53
Solvency61▲+9
Growth85▲+53
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.24 in 2024; short-term debt: 44.4% and cash: 4.5% of total assets), and 64.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% 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 2025Solvency, return and age of the figures
Solvency
35.5%
Return on assets
4.9%
Age of the figures
9 mo
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
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 d early
2024
34 d early
2023
47 d early
2022
11 d early
2021
2 d early
2020
30 d late
2019
48 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€5.17M▲ 20.8%
2024 · €4.28M
2024: €4.28M
2025: €5.17M▲ +20.8% vs 2024
2024 → 2025
EBIT margin
6.2%▲ 15.3pp
2024 · -9.1%
2024: -9.1%
2025: 6.2%▲ +168% vs 2024
2024 → 2025
Net result
€168k
2024 · €-551k
2018: €124k
2019: €145k▲ +16.8% vs 2018
2020: €194k▲ +34.4% vs 2019
2021: €419k▲ +115% vs 2020highest in 8 years
2022: €-443k▼ -206% vs 2021
2023: €171k▲ +139% vs 2022
2024: €-551k▼ -422% vs 2023lowest in 8 years
2025: €168k▲ +131% vs 2024
2018 → 2025
Working capital
€560k▲ 11.5%
2024 · €502k
2018: €1.14M
2019: €1.25M▲ +9.3% vs 2018
2020: €1.40M▲ +11.8% vs 2019
2021: €1.81M▲ +29.5% vs 2020highest in 8 years
2022: €1.28M▼ -29.2% vs 2021
2023: €1.41M▲ +10.5% vs 2022
2024: €502k▼ -64.5% vs 2023lowest in 8 years
2025: €560k▲ +11.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€4.28M€5.17M▲ 20.8%
2024: €4.28M
2025: €5.17M▲ +20.8% vs 2024
Equity€1.89M-€1.45M▼ 23.5%€1.62M▲ 11.7%€1.07M▼ 34.1%€1.21M▲ 13.7%
2021: €1.89Mhighest in 5 years
2022: €1.45M▼ -23.5% vs 2021
2023: €1.62M▲ +11.7% vs 2022
2024: €1.07M▼ -34.1% vs 2023lowest in 5 years
2025: €1.21M▲ +13.7% vs 2024
Operating result€634k-€-333k€357k€-390k€322k
2021: €634khighest in 5 years
2022: €-333k▼ -153% vs 2021
2023: €357k▲ +207% vs 2022
2024: €-390k▼ -209% vs 2023lowest in 5 years
2025: €322k▲ +183% vs 2024
Net result€419k-€-443k€171k€-551k€168k
2021: €419khighest in 5 years
2022: €-443k▼ -206% vs 2021
2023: €171k▲ +139% vs 2022
2024: €-551k▼ -422% vs 2023lowest in 5 years
2025: €168k▲ +131% vs 2024
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €322k after a loss of €390k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.38M
Fixed assets
€1.31M ▲ 1.3%
Current assets
€2.08M ▼ 20.3%
Equity and liabilities €3.42M
Equity
€1.21M ▲ 13.7%
Provisions
€23k ▼ 9.4%
Debt
€2.18M ▼ 23.3%
Debt's share of the balance-sheet total falls from 72.2% to 63.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€479k▲
2024 · €-243k
Cash flow
€325k▲
2024 · €-404k
Current ratio
1.37▲
2024 · 1.24
Quick ratio
0.77▲
2024 · 0.51
Debt to equity
1.80▼
2024 · 2.67
ROE
13.9%▲
2024 · -51.6%
ROA
4.9%▲
2024 · -14.0%
Interest coverage
3.36▲
2024 · -1.49
Debt ≤ 1 year
€1.52M▼
2024 · €2.10M
Debt > 1 year
€647k▼
2024 · €741k
Income taxes
€18k▲
2024 · €1k
Staff costs
€677k▼
2024 · €875k
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 · 73 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.94M€3.42M▼
Formation expenses20€41k€32k▼
Fixed assets21/28€1.29M€1.31M▲
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€1.28M€1.30M▲
Land and buildings22€951k€908k▼
Plant, machinery and equipment23€261k€312k▲
Furniture and vehicles24€51k€63k▲
Other tangible fixed assets26€16k€11k▼
Assets under construction and advance payments27€2k€5k▲
Financial fixed assets28€8k€8k=
Current assets29/58€2.60M€2.08M▼
Stocks and contracts in progress3€1.54M€903k▼
Stocks30/36€1.37M€752k▼
Contracts in progress37€170k€152k▼
Amounts receivable within one year40/41€710k€1.01M▲
Trade receivables40€703k€1.01M▲
Other amounts receivable41€7k€313▼
Cash at bank and in hand54/58€345k€154k▼
Deferred charges and accrued income490/1€10k€10k▼
Equity and liabilities
Total equity and liabilities10/49€3.94M€3.42M▼
Equity10/15€1.07M€1.21M▲
Contributions10/11€12k€12k=
Reserves13€423k€591k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€421k€589k▲
Profit (loss) carried forward14€625k€605k▼
Investment grants15€7k€5k▼
Provisions and deferred taxes16€26k€23k▼
Provisions for liabilities and charges160/5€26k€23k▼
Other liabilities and charges164/5€26k€23k▼
Amounts payable17/49€2.84M€2.18M▼
Amounts payable after more than one year17€741k€647k▼
Financial debts170/4€741k€647k▼
Amounts payable within one year42/48€2.10M€1.52M▼
Current portion of amounts payable after more than one year42€101k€110k▲
Financial debts43€1.73M€953k▼
Credit institutions430/8€1.73M€953k▼
Trade debts44€178k€262k▲
Suppliers440/4€178k€262k▲
Taxes, remuneration and social security45€91k€171k▲
Taxes450/3€24k€79k▲
Remuneration and social security454/9€67k€92k▲
Other amounts payable47/48€364€20k▲
Accrued charges and deferred income492/3-€16k
Income statement
Code20242025
Turnover70€4.28M€5.17M▲
Non-recurring operating income76A€0-
Goods, raw materials, services and sundry goods60/61€3.45M€3.40M▼
Remuneration, social security and pensions62€875k€677k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€146k€157k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€43k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-13k€-2k▲
Other operating charges640/8€14k€20k▲
Operating charges capitalised as restructuring costs649€-45k€0▲
Non-recurring operating charges66A€160€0▼
Gross operating margin9900€587k€1.22M▲
Operating profit (loss)9901€-390k€322k▲
Financial income75/76B€4k€7k▲
Recurring financial income75€4k€7k▲
Financial charges65/66B€164k€142k▼
Recurring financial charges65€164k€142k▼
Profit (loss) for the period before taxes9903€-550k€186k▲
Income taxes67/77€1k€18k▲
Profit (loss) for the period9904€-551k€168k▲
Profit (loss) for the period to be appropriated9905€-551k€168k▲
Appropriation of the result
Profit (loss) to be appropriated9906€625k€793k▲
Profit (loss) brought forward from the previous period14P€1.18M€625k▼
Transfer to equity691/2€0€168k▲
To other reserves6921€0€168k▲
Profit to be distributed694/7-€20k
Return on contributions (dividend)694-€20k
Social balance
Average headcount (FTE)908721.221.2=
The notes to these accounts (32 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €4.28M | €5.17M | ▲ 20.8% |
| Non-recurring operating income76A | €0 | €2k | €111 | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €3.45M | €3.40M | ▼ 1.4% |
| Remuneration, social security and pensions62 | €537k | €720k | €910k | €875k | €677k | ▼ 22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57k | €37k | €75k | €146k | €157k | ▲ 7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €43k | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €12k | €33k | €-16k | €-13k | €-2k | ▲ 81.4% |
| Other operating charges640/8 | €5k | €8k | €11k | €14k | €20k | ▲ 50.7% |
| Operating charges capitalised as restructuring costs649 | - | - | - | €-45k | €0 | ▲ 100% |
| Non-recurring operating charges66A | €217 | €99 | €19 | €160 | €0 | ▼ 100% |
| Gross operating margin9900 | €1.25M | €466k | €1.34M | €587k | €1.22M | ▲ 107% |
| Operating profit (loss)9901 | €634k | €-333k | €357k | €-390k | €322k | ▲ 183% |
| Financial income75/76B | €6k | €15k | €3k | €4k | €7k | ▲ 63.0% |
| Recurring financial income75 | €6k | €15k | €3k | €4k | €7k | ▲ 63.0% |
| Non-recurring financial income76B | €347 | €50 | €0 | - | - | - |
| Financial charges65/66B | €65k | €128k | €171k | €164k | €142k | ▼ 13.2% |
| Recurring financial charges65 | €65k | €116k | €171k | €164k | €142k | ▼ 13.2% |
| Non-recurring financial charges66B | €261 | €12k | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €575k | €-446k | €189k | €-550k | €186k | ▲ 134% |
| Income taxes67/77 | €157k | €-3k | €18k | €1k | €18k | ▲ 1,486% |
| Profit (loss) for the period9904 | €419k | €-443k | €171k | €-551k | €168k | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | €419k | €-443k | €171k | €-551k | €168k | ▲ 131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.95M | €4.10M | €3.42M | €3.94M | €3.42M | ▼ 13.2% |
| Formation expenses20 | - | - | - | €41k | €32k | ▼ 22.0% |
| Fixed assets21/28 | €201k | €324k | €401k | €1.29M | €1.31M | ▲ 1.3% |
| Intangible fixed assets21 | €12k | €11k | €7k | €3k | €2k | ▼ 22.8% |
| Tangible fixed assets22/27 | €186k | €309k | €386k | €1.28M | €1.30M | ▲ 1.4% |
| Land and buildings22 | €100k | €97k | €146k | €951k | €908k | ▼ 4.5% |
| Plant, machinery and equipment23 | €48k | €176k | €178k | €261k | €312k | ▲ 19.4% |
| Furniture and vehicles24 | €25k | €24k | €11k | €51k | €63k | ▲ 24.0% |
| Leasing and similar rights25 | €3k | €0 | - | - | - | - |
| Other tangible fixed assets26 | €11k | €13k | €25k | €16k | €11k | ▼ 33.8% |
| Assets under construction and advance payments27 | - | - | €25k | €2k | €5k | ▲ 153% |
| Financial fixed assets28 | €3k | €3k | €8k | €8k | €8k | = |
| Current assets29/58 | €3.75M | €3.78M | €3.02M | €2.60M | €2.08M | ▼ 20.3% |
| Amounts receivable after more than one year29 | €0 | - | - | - | - | - |
| Other amounts receivable291 | €0 | - | - | - | - | - |
| Stocks and contracts in progress3 | €1.92M | €1.57M | €1.85M | €1.54M | €903k | ▼ 41.3% |
| Stocks30/36 | €1.08M | €1.50M | €1.63M | €1.37M | €752k | ▼ 45.1% |
| Contracts in progress37 | €839k | €70k | €217k | €170k | €152k | ▼ 10.7% |
| Amounts receivable within one year40/41 | €1.64M | €1.97M | €921k | €710k | €1.01M | ▲ 42.1% |
| Trade receivables40 | €1.63M | €1.96M | €911k | €703k | €1.01M | ▲ 43.4% |
| Other amounts receivable41 | €3k | €8k | €9k | €7k | €313 | ▼ 95.5% |
| Cash at bank and in hand54/58 | €181k | €230k | €235k | €345k | €154k | ▼ 55.3% |
| Deferred charges and accrued income490/1 | €4k | €13k | €12k | €10k | €10k | ▼ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.95M | €4.10M | €3.42M | €3.94M | €3.42M | ▼ 13.2% |
| Equity10/15 | €1.89M | €1.45M | €1.62M | €1.07M | €1.21M | ▲ 13.7% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €252k | €252k | €423k | €423k | €591k | ▲ 39.8% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €250k | €250k | €421k | €421k | €589k | ▲ 39.9% |
| Profit (loss) carried forward14 | €1.62M | €1.18M | €1.18M | €625k | €605k | ▼ 3.2% |
| Investment grants15 | €12k | €10k | €8k | €7k | €5k | ▼ 24.5% |
| Provisions and deferred taxes16 | €22k | €55k | €39k | €26k | €23k | ▼ 9.4% |
| Provisions for liabilities and charges160/5 | €22k | €55k | €39k | €26k | €23k | ▼ 9.4% |
| Other liabilities and charges164/5 | €22k | €55k | €39k | €26k | €23k | ▼ 9.4% |
| Amounts payable17/49 | €2.03M | €2.60M | €1.76M | €2.84M | €2.18M | ▼ 23.3% |
| Amounts payable after more than one year17 | €94k | €100k | €158k | €741k | €647k | ▼ 12.7% |
| Financial debts170/4 | €94k | €100k | €158k | €741k | €647k | ▼ 12.7% |
| Amounts payable within one year42/48 | €1.94M | €2.50M | €1.60M | €2.10M | €1.52M | ▼ 27.9% |
| Current portion of amounts payable after more than one year42 | €32k | €25k | €53k | €101k | €110k | ▲ 8.7% |
| Financial debts43 | €1.33M | €1.87M | €1.13M | €1.73M | €953k | ▼ 45.0% |
| Credit institutions430/8 | €1.33M | €1.87M | €1.13M | €1.73M | €953k | ▼ 45.0% |
| Trade debts44 | €301k | €470k | €245k | €178k | €262k | ▲ 47.5% |
| Suppliers440/4 | €301k | €470k | €245k | €178k | €262k | ▲ 47.5% |
| Taxes, remuneration and social security45 | €271k | €132k | €169k | €91k | €171k | ▲ 87.4% |
| Taxes450/3 | €202k | €34k | €52k | €24k | €79k | ▲ 226% |
| Remuneration and social security454/9 | €69k | €98k | €117k | €67k | €92k | ▲ 37.3% |
| Other amounts payable47/48 | €3k | €3k | €4k | €364 | €20k | ▲ 5,390% |
| Accrued charges and deferred income492/3 | €63 | €0 | - | - | €16k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €419k | €-443k | €171k | €-551k | €168k | ▲ 131% |
| + Depreciation and write-downs630 | €57k | €37k | €75k | €146k | €157k | ▲ 7.2% |
| Operating cash flow (approximation) | €476k | €-406k | €246k | €-404k | €325k | ▲ 180% |
| Investment in fixed assets (approximation) | - | €-160k | €-152k | €-1.04M | €-174k | ▲ 83.2% |
| Change in cash | - | €48k | €5k | €110k | €-191k | ▼ 274% |
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
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €168k
Net result €168k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-551k
Net result drops to €-551k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €171k
Net result €171k after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €419k ▲115%
Operating result €634k, net result €419k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 48 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Flémalle · 2 establishment units since 2008
Ground area
2,180 m²
Building footprint
227 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
S & D Tech.
since 20082.175.066.038
S & D Tech
since 20242.366.368.349
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62037B0245/00C005 | Wallonia | 1,578 m² | 1 · 142 m² | - |
| 62053A0210/00M000 | Wallonia | 601 m² | 1 · 85 m² | - |
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.
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Identification & contact
Identification
Legal formPrivate limited company
Founded10-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
27900Manufacture of electrical equipment
Scores and ratios are computed by Checked and are not a credit decision.