Equity
€1.2m ▲ 13.7%
S & D Tech paid out €20,000 in dividends. That is 12% of the 2025 profit.
S & D Tech
Overview
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.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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
- €5.2m▲ 20.8%
- €168,194
- €1.2m▲ 13.7%
- €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.
Financials
Annual accounts 2025
full format, filed on 03-04-2026, 119 days before the deadline€5.2m
▲ 20.8%
€321,698
▲ €711,493
€478,506
▲ €721,973
€325,002
▲ €729,374
35.5%
▲ 8.4 percentage points
1.37
▲ 0.13
Money flows
of every €100 of turnover, €3.25 remains as profit in 2025Balance sheet
balance sheet total €3.4m on 31-12-2025What the company ownsHow it is paid for
in €m
in euro
Position in the sector
35.5%
Higher than 43% of 125 companies in 2025.
1.37
Higher than 33% of 124 companies in 2025.
4.9%
Higher than 59% of 125 companies in 2025.
S & D Tech
Middle half of the sector
80% of the sector
Full accounts in electrical equipment (NACE 27)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff
€31,914
Staff costs divided by the average number of full-time equivalents.
+1 person
people who joined
people who left
In 2025, 11 people joined and 10 left. Training hours in 2025: 106.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
3.4m | 3.9m | 3.4m | 4.1m | 3.9m | 2.8m | 2.2m | 2.2m | 2.4m | 1.6m | 1.7m | 1.4m | 1.1m | 1.2m | 824,405 | 703,931 | 405,265 | |
20 |
31,618 | 40,547 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
21/28 |
1.3m | 1.3m | 401,087 | 323,742 | 201,083 | 220,889 | 226,493 | 261,512 | 333,971 | 443,068 | 435,593 | 476,921 | 517,901 | 529,674 | 223,080 | 222,300 | 183,835 | |
21 |
2,469 | 3,200 | 7,090 | 10,979 | 11,524 | 4,748 | 2,667 | 4,458 | 7,429 | 2,063 | 5,774 | 10,816 | 15,857 | 10,586 | 5,320 | - | - | |
22/27 |
1.3m | 1.3m | 386,257 | 309,396 | 186,192 | 212,774 | 219,604 | 252,832 | 322,320 | 437,638 | 426,451 | 466,038 | 501,976 | 519,020 | 217,693 | 222,233 | 183,768 | |
22 |
908,024 | 950,816 | 146,473 | 96,505 | 99,578 | 102,650 | 106,440 | 109,513 | 112,585 | 251,122 | 258,760 | 266,398 | 321,158 | 328,796 | 159,011 | 163,576 | 168,142 | |
23 |
311,765 | 261,119 | 178,314 | 176,475 | 48,358 | 75,767 | 81,070 | 112,874 | 165,282 | 157,400 | 139,896 | 170,326 | 151,733 | 173,679 | 44,814 | 48,096 | 4,329 | |
24 |
62,861 | 50,709 | 11,359 | 23,877 | 24,814 | 11,854 | 14,117 | 4,175 | 9,254 | 16,531 | 15,612 | 24,314 | 24,085 | 16,545 | 13,868 | 10,561 | 11,297 | |
25 |
- | - | - | 0 | 2,769 | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
10,568 | 15,965 | 25,112 | 12,538 | 10,673 | 12,995 | 1,731 | 3,285 | 5,475 | 12,586 | 12,184 | - | - | - | - | - | - | |
27 |
5,055 | 2,000 | 25,000 | - | - | - | - | - | - | - | - | 5,000 | 5,000 | - | - | - | - | |
28 |
7,740 | 7,740 | 7,740 | 3,367 | 3,367 | 3,367 | 4,222 | 4,222 | 4,222 | 3,367 | 3,367 | 67 | 67 | 67 | 67 | 67 | 67 | |
29/58 |
2.1m | 2.6m | 3.0m | 3.8m | 3.7m | 2.6m | 2.0m | 1.9m | 2.0m | 1.2m | 1.2m | 875,601 | 621,280 | 640,379 | 601,325 | 481,631 | 221,430 | |
29 |
- | - | - | - | 0 | 600 | 2,500 | - | - | - | - | - | - | - | - | - | - | |
291 |
- | - | - | - | 0 | 600 | 2,500 | - | - | - | - | - | - | - | - | - | - | |
3 |
903,394 | 1.5m | 1.8m | 1.6m | 1.9m | 1.7m | 1.3m | 1.3m | 1.3m | 575,034 | 746,438 | 374,096 | 133,417 | - | - | - | - | |
30/36 |
751,565 | 1.4m | 1.6m | 1.5m | 1.1m | 732,206 | 667,222 | 420,199 | 497,629 | 110,013 | 99,344 | 116,819 | 85,417 | - | - | - | - | |
37 |
151,828 | 169,991 | 216,642 | 69,920 | 839,313 | 933,435 | 636,227 | 886,845 | 765,997 | 465,021 | 647,094 | 257,277 | 48,000 | - | - | - | - | |
40/41 |
1.0m | 709,940 | 920,654 | 2.0m | 1.6m | 780,210 | 692,508 | 432,542 | 680,545 | 475,759 | 475,928 | 451,465 | 397,380 | 568,384 | 497,449 | 460,606 | 217,700 | |
40 |
1.0m | 702,947 | 911,360 | 2.0m | 1.6m | 735,680 | 656,606 | 402,875 | 674,291 | 475,372 | 475,786 | 446,577 | 387,675 | 402,099 | 429,359 | 352,286 | 55,887 | |
41 |
313 | 6,992 | 9,293 | 8,472 | 3,279 | 44,530 | 35,902 | 29,667 | 6,254 | 388 | 142 | 4,888 | 9,705 | 166,284 | 68,090 | 108,320 | 161,813 | |
54/58 |
153,862 | 344,525 | 234,887 | 229,827 | 181,454 | 144,097 | 11,751 | 159,520 | 88,098 | 155,702 | 22,760 | 50,040 | 90,483 | 66,868 | 55,476 | 16,558 | 3,729 | |
490/1 |
10,242 | 10,252 | 11,663 | 13,360 | 3,670 | 533 | 3,061 | 8,346 | 3,057 | 300 | 559 | - | - | 5,128 | 48,400 | 4,467 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
3.4m | 3.9m | 3.4m | 4.1m | 3.9m | 2.8m | 2.2m | 2.2m | 2.4m | 1.6m | 1.7m | 1.4m | 1.1m | 1.2m | 824,405 | 703,931 | 405,265 | |
10/15 |
1.2m | 1.1m | 1.6m | 1.4m | 1.9m | 1.5m | 1.3m | 1.2m | 1.1m | 879,931 | 751,801 | 657,720 | 540,153 | 559,178 | 420,172 | 258,090 | 124,942 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
591,209 | 423,015 | 423,015 | 251,860 | 251,860 | 251,860 | 251,860 | 251,860 | 251,860 | 251,860 | 251,860 | 251,860 | 251,860 | 101,860 | 251,860 | 101,860 | 76,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
589,349 | 421,155 | 421,155 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 100,000 | 250,000 | 100,000 | 75,000 | |
14 |
604,685 | 624,685 | 1.2m | 1.2m | 1.6m | 1.2m | 1.0m | 894,586 | 775,698 | 595,334 | 465,551 | 369,818 | 247,293 | 444,918 | 155,912 | 143,830 | 35,682 | |
15 |
5,082 | 6,735 | 8,387 | 10,040 | 11,693 | 13,727 | 15,379 | 17,032 | 18,684 | 20,337 | 21,990 | 23,642 | 28,600 | - | - | - | - | |
16 |
23,261 | 25,670 | 38,645 | 54,837 | 22,167 | 9,939 | 17,237 | 24,146 | 35,319 | - | - | - | - | - | - | - | - | |
160/5 |
23,261 | 25,670 | 38,645 | 54,837 | 22,167 | 9,939 | 17,237 | 24,146 | 35,319 | - | - | - | - | - | - | - | - | |
164/5 |
23,261 | 25,670 | 38,645 | 54,837 | 22,167 | 9,939 | 17,237 | 24,146 | 35,319 | - | - | - | - | - | - | - | - | |
17/49 |
2.2m | 2.8m | 1.8m | 2.6m | 2.0m | 1.3m | 937,175 | 968,940 | 1.3m | 769,933 | 929,477 | 694,802 | 599,028 | 610,875 | 404,233 | 445,841 | 280,322 | |
17 |
647,322 | 741,375 | 158,022 | 99,992 | 93,733 | 130,541 | 173,051 | 205,482 | 277,774 | 363,681 | 302,195 | 336,006 | 354,179 | 363,061 | 131,599 | 141,507 | 6,040 | |
170/4 |
647,322 | 741,375 | 158,022 | 99,992 | 93,733 | 130,541 | 173,051 | 205,482 | 277,774 | 363,681 | 302,195 | 336,006 | 354,179 | 363,061 | 131,599 | 141,507 | 6,040 | |
42/48 |
1.5m | 2.1m | 1.6m | 2.5m | 1.9m | 1.2m | 763,358 | 763,458 | 997,560 | 405,692 | 627,282 | 358,796 | 244,849 | 247,814 | 272,634 | 304,334 | 271,998 | |
42 |
110,300 | 101,438 | 52,649 | 25,253 | 32,170 | 42,510 | 43,524 | 72,750 | 74,082 | 78,458 | 35,567 | 35,472 | 30,323 | 22,813 | 9,908 | 9,442 | 2,254 | |
43 |
952,766 | 1.7m | 1.1m | 1.9m | 1.3m | 763,355 | 531,299 | 506,363 | 399,078 | 97,000 | 251,676 | 87,333 | 48,200 | 67,589 | 95,000 | 118,700 | - | |
430/8 |
952,766 | 1.7m | 1.1m | 1.9m | 1.3m | 763,355 | 531,299 | 506,363 | 399,078 | 97,000 | 251,676 | 87,333 | 48,200 | 67,589 | 95,000 | 118,700 | - | |
44 |
262,273 | 177,861 | 244,981 | 469,889 | 300,921 | 297,555 | 113,193 | 133,635 | 410,505 | 107,991 | 230,430 | 58,251 | 61,309 | 85,678 | 53,056 | 114,424 | 232,787 | |
440/4 |
262,273 | 177,861 | 244,981 | 469,889 | 300,921 | 297,555 | 113,193 | 133,635 | 410,505 | 107,991 | 230,430 | 58,251 | 61,309 | 85,678 | 53,056 | 114,424 | 232,787 | |
45 |
171,064 | 91,299 | 169,428 | 132,347 | 270,948 | 86,908 | 50,342 | 50,710 | 113,895 | 122,243 | 109,609 | 177,740 | 86,913 | 71,734 | 113,176 | 60,274 | 35,863 | |
450/3 |
78,925 | 24,205 | 52,278 | 34,354 | 201,667 | 44,149 | 2,565 | 2,579 | 74,745 | 79,173 | 72,957 | 143,287 | 58,693 | 37,514 | 89,991 | 44,743 | 33,054 | |
454/9 |
92,138 | 67,094 | 117,149 | 97,993 | 69,281 | 42,759 | 47,777 | 48,131 | 39,149 | 43,070 | 36,652 | 34,453 | 28,220 | 34,221 | 23,185 | 15,531 | 2,808 | |
47/48 |
20,000 | 364 | 4,453 | 2,937 | 2,941 | 2,923 | 25,000 | - | - | - | - | - | 18,104 | - | 1,494 | 1,494 | 1,094 | |
492/3 |
15,758 | - | - | 0 | 63 | 50 | 766 | - | - | 560 | - | - | - | - | - | - | 2,285 | |
| Income statement | ||||||||||||||||||
70 |
5.2m | 4.3m | - | - | - | - | - | - | - | - | - | - | - | - | 1.8m | 1.6m | 1.1m | |
76A |
- | 0 | 111 | 1,798 | 0 | 0 | 0 | - | 74,795 | - | 14,085 | 1 | - | 11 | - | - | - | |
9900 |
1.2m | 587,329 | 1.3m | 465,553 | 1.2m | 802,569 | 685,596 | 656,503 | 717,128 | 562,326 | 522,945 | 566,666 | 472,127 | 470,451 | 422,117 | 280,067 | 188,276 | |
60/61 |
3.4m | 3.4m | - | - | - | - | - | - | - | - | - | - | - | - | 1.4m | 1.4m | 932,590 | |
62 |
676,579 | 874,694 | 909,870 | 720,415 | 537,337 | 468,952 | 376,158 | 368,081 | 343,633 | 276,399 | 258,322 | 254,155 | 297,795 | 205,168 | 148,706 | 49,112 | 3,481 | |
630 |
156,808 | 146,329 | 74,757 | 37,440 | 56,894 | 51,361 | 59,998 | 72,974 | 70,742 | 56,871 | 57,936 | 57,123 | 55,787 | 60,667 | 20,136 | 16,396 | 13,989 | |
631/4 |
42,608 | - | - | - | - | - | - | - | - | - | 610 | 2,147 | - | - | - | - | 9,885 | |
635/8 |
-2,409 | -12,975 | -16,193 | 32,670 | 12,228 | -7,298 | -6,909 | -11,173 | 35,319 | - | - | - | - | - | - | - | - | |
640/8 |
20,432 | 13,562 | 10,935 | 7,959 | 4,792 | 3,723 | 6,145 | 5,309 | 4,177 | 3,002 | 22,794 | 6,264 | 5,650 | 1,285 | 432 | 1,221 | 285 | |
649 |
0 | -44,645 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
66A |
0 | 160 | 19 | 99 | 217 | 0 | 11 | 352 | 5,511 | 693 | 19,460 | 3,044 | 3,646 | - | 25 | 1 | - | |
9901 |
321,698 | -389,795 | 357,487 | -333,030 | 634,248 | 285,830 | 250,194 | 220,960 | 257,745 | 225,362 | 183,283 | 246,976 | 112,894 | 203,332 | 252,843 | 213,338 | 160,636 | |
75/76B |
6,730 | 4,128 | 3,108 | 15,019 | 6,186 | 4,442 | 2,590 | 1,658 | 76,977 | 2,859 | 4,814 | 5,856 | 138 | 400 | 1,858 | 62 | 430 | |
75 |
6,730 | 4,128 | 3,108 | 14,969 | 5,839 | 4,442 | 2,590 | 1,658 | 2,183 | 2,859 | 4,814 | 5,856 | 138 | 400 | 1,858 | 62 | 430 | |
76B |
- | - | 0 | 50 | 347 | - | - | - | 74,795 | - | - | - | - | - | - | - | - | |
65/66B |
142,281 | 163,901 | 171,450 | 128,130 | 65,218 | 33,006 | 43,060 | 46,190 | 49,695 | 43,621 | 27,410 | 20,692 | 28,944 | 26,660 | 18,094 | 13,550 | 8,822 | |
65 |
142,281 | 163,901 | 171,450 | 116,130 | 64,957 | 33,006 | 43,060 | 46,190 | 49,283 | 43,621 | 27,410 | 20,692 | 28,944 | 26,660 | 18,094 | 13,550 | 8,822 | |
66B |
- | - | 0 | 12,000 | 261 | - | - | 0 | 413 | - | - | - | - | - | - | - | - | |
9903 |
186,147 | -549,568 | 189,144 | -446,140 | 575,216 | 257,266 | 209,724 | 176,428 | 285,027 | 184,600 | 155,312 | 229,097 | 80,441 | 177,083 | 236,582 | 199,849 | 152,243 | |
67/77 |
17,953 | 1,132 | 17,989 | -2,677 | 156,570 | 62,775 | 65,000 | 52,540 | 104,663 | 54,817 | 59,579 | 106,572 | -566 | 60,042 | 74,500 | 66,701 | 39,701 | |
9904 |
168,194 | -550,700 | 171,156 | -443,464 | 418,646 | 194,492 | 144,724 | 123,888 | 180,364 | 129,783 | 95,733 | 122,525 | 81,007 | 117,041 | 162,082 | 133,148 | 112,542 | |
9905 |
168,194 | -550,700 | 171,156 | -443,464 | 418,646 | 194,492 | 144,724 | 123,888 | 180,364 | 129,783 | 95,733 | 122,525 | 81,007 | 117,041 | 162,082 | 133,148 | 112,542 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
792,879 | 624,685 | 1.3m | 1.2m | 1.6m | 1.2m | 1.0m | 899,586 | 775,698 | 595,334 | 465,551 | 369,818 | 353,960 | 272,953 | 305,912 | 168,830 | 112,542 | |
14P |
624,685 | 1.2m | 1.2m | 1.6m | 1.2m | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 171,965 | - | - | - | |
691/2 |
168,194 | 0 | 171,155 | - | - | - | - | - | - | - | - | - | - | - | 150,000 | 25,000 | 76,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
168,194 | 0 | 171,155 | - | - | - | - | - | - | - | - | - | - | - | 150,000 | 25,000 | 75,000 | |
694/7 |
20,000 | - | - | - | - | 0 | 33,600 | 5,000 | - | - | - | - | 106,667 | - | - | - | - | |
694 |
20,000 | - | - | - | - | 0 | 33,600 | 5,000 | - | - | - | - | 106,667 | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
21.2 | 21.2 | 21.2 | 17.4 | 14 | 13.9 | 10 | 9 | 9.5 | 8 | 7.8 | 5.5 | 6.1 | 4.4 | 3.4 | 1 | 0.2 | |
Hours worked1013 |
20,055 | 25,743 | 33,201 | 28,909 | 22,587 | 19,376 | 17,032 | 15,695 | 15,594 | 14,316 | 12,811 | 8,727 | 10,121 | 7,579 | 5,593 | 1,910 | 269 | |
| Document | ||||||||||||||||||
The notes to these accounts have 32 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 03-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 03-04-2026 | 2026-00072191 | |
| 31-12-2024 | full format | 27-06-2025 | 2025-00186396 | |
| 31-12-2023 | full format | 14-06-2024 | 2024-00143248 | |
| 31-12-2022 | full format | 20-07-2023 | 2023-00261482 | |
| 31-12-2021 | full format | 29-07-2022 | 2022-20265183 | |
| 31-12-2020 | full format | 30-08-2021 | 2021-57600147 | |
| 31-12-2019 | full format | 17-09-2020 | 2020-53700074 | |
| 31-12-2018 | full format | 21-08-2019 | 2019-48300470 | |
| 31-12-2017 | full format | 30-08-2018 | 2018-54300513 | |
| 31-12-2016 | full format | 31-07-2017 | 2017-39300067 | |
| 31-12-2015 | full format | 13-06-2016 | 2016-17600110 | |
| 31-12-2014 | full format | 17-07-2015 | 2015-34200153 | |
| 31-12-2013 | full format | 02-10-2014 | 2014-63200470 | |
| 31-12-2012 | full format | 24-04-2014 | 2014-10200239 | |
| 31-12-2011 | full format | 22-10-2012 | 2012-61500323 | |
| 31-12-2010 | full format | 31-01-2012 | 2012-02400575 | |
| 31-12-2009 | full format | 28-05-2011 | 2011-14000599 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 478,506 | -243,466 | 432,244 | -295,590 | 691,142 | 337,191 | 310,192 | 293,934 | 328,487 | 282,233 | 241,220 | 304,100 | 168,681 | 263,998 | 272,979 | 229,734 | 174,624 | ||
| 325,002 | -404,372 | 245,913 | -406,023 | 475,540 | 245,853 | 204,722 | 196,863 | 251,106 | 186,654 | 153,669 | 179,648 | 136,794 | 177,708 | 182,218 | 149,544 | 126,531 | ||
| 199,621 | 1.1m | 152,169 | 160,509 | 43,046 | 46,611 | 26,630 | 515 | 112,527 | 64,346 | 21,608 | 16,143 | 53,291 | 381,469 | 20,916 | 54,862 | 197,824 | ||
| -190,663 | 109,638 | 5,060 | 48,373 | 37,356 | 132,346 | -147,769 | 71,422 | -67,604 | 132,942 | -27,280 | -40,444 | 23,616 | 11,392 | 38,918 | 12,829 | - | ||
| 559,618 | 501,784 | 1.4m | 1.3m | 1.8m | 1.4m | 1.2m | 1.1m | 1.0m | 801,104 | 618,403 | 516,805 | 376,431 | 392,565 | 328,691 | 177,297 | -50,568 | ||
| 6.2% | -9.1% | - | - | - | - | - | - | - | - | - | - | - | - | 14.2% | 13.0% | 14.4% | ||
| 35.5% | 27.1% | 47.4% | 35.4% | 48.0% | 52.6% | 57.4% | 54.2% | 44.7% | 53.3% | 44.7% | 48.6% | 47.4% | 47.8% | 51.0% | 36.7% | 30.8% | ||
| 1.37 | 1.24 | 1.88 | 1.51 | 1.93 | 2.17 | 2.64 | 2.50 | 2.04 | 2.97 | 1.99 | 2.44 | 2.54 | 2.58 | 2.21 | 1.58 | 0.81 | ||
| 0.77 | 0.51 | 0.73 | 0.89 | 0.94 | 0.78 | 0.93 | 0.79 | 0.77 | 1.56 | 0.80 | 1.40 | 1.99 | 2.58 | 2.21 | 1.58 | 0.81 | ||
| 1.80 | 2.67 | 1.09 | 1.79 | 1.07 | 0.90 | 0.73 | 0.82 | 1.20 | 0.87 | 1.24 | 1.06 | 1.11 | 1.09 | 0.96 | 1.73 | 2.24 | ||
| 13.9% | -51.6% | 10.6% | -30.6% | 22.1% | 13.2% | 11.3% | 10.5% | 17.0% | 14.7% | 12.7% | 18.6% | 15.0% | 20.9% | 38.6% | 51.6% | 90.1% | ||
| 4.9% | -14.0% | 5.0% | -10.8% | 10.6% | 6.9% | 6.5% | 5.7% | 7.6% | 7.9% | 5.7% | 9.1% | 7.1% | 10.0% | 19.7% | 18.9% | 27.8% | ||
| 3.36 | -1.49 | 2.52 | -2.55 | 10.64 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 71 days | 60 days | - | - | - | - | - | - | - | - | - | - | - | - | 88 days | 78 days | 18 days | ||
| 28 days | 19 days | - | - | - | - | - | - | - | - | - | - | - | - | 14 days | 31 days | 91 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 16 | 15 | 24 | 20 | 16 |
| full-time | 12 | 12 | 19 | 16 | 11 |
| part-time | 4 | 3 | 5 | 4 | 5 |
| in full-time equivalents | 13.5 | 13.6 | 21.8 | 18.3 | 13.9 |
| 13 | 16.7 | 21.2 | 17.4 | 14 | |
| On a permanent contract | 13 | 12 | 16 | 14 | 11 |
| Joined | 11 | 11 | 34 | 24 | 20 |
| Left | 10 | 20 | 32 | 29 | 22 |
| Training hours | 106 | - | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | €2.0m | €93,733 |
| Debts guaranteed by Belgian public bodies | €1.7m | €2.6m | - | - | - |
| Mortgages, amount registered | €50,000 | €50,000 | €25,000 | €25,000 | €25,000 |
| €856,000 | €856,000 | €155,000 | €155,000 | - | |
| Carrying value of the mortgaged assets | €856,399 | €899,191 | €146,473 | €96,505 | €99,578 |
| €2.2m | €2.2m | €2.2m | €2.2m | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €197,562 | €1.1m | €147,729 | €157,534 | €33,056 |
| Intangible fixed assets | €2,059 | - | - | €2,975 | €9,990 |
| Financial fixed assets | €0 | - | €4,440 | - | - |
| €156,808 | €146,329 | €74,757 | €37,440 | €56,894 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on S & D Tech
The operating result for 2025 is a profit of €321,698, after a loss of €389,795 in 2024.
Debt's share of the balance-sheet total falls from 72.2% to 63.8%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, last change in 2023Director (not named in the articles)
in office according to the deed of 14-02-2023
term without a fixed end
earlier manager, until 14-02-2023
listed in the 2025 annual accounts, filed on 03-04-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 14-02-2023
Mandates through the years
1 name, the dashed line is todayMATHUS David Joseph Emile Marie Ghislain
Director (not named in the articles)
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
- MATHUS David Joseph Emile Marie Ghislain
- Director (not named in the articles), since before 31-12-2021
- Manager, until 14-02-2023
Control
Shareholder
This company
S & D Tech
Equity €1.2m
Profit €168,194 in 2025
Capital
- Contribution
- €12,400
- Source
- 2025 annual accounts
Articles of association
deed of 14-02-2023 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
Shareholders
Stated in the deed
deed of 14-02-2023 ↗
- MATHUS David Joseph Emile Marie Ghislain seul actionnaire et administrateur · 186 shares · 100%
Network & group
No group
S & D Tech has no parent and no holdings in its annual accounts. MATHUS David Joseph Emile Marie Ghislain is the only director. S & D Tech shares no director with another company.
At the same address
Rue des Métiers 14, 4400 Flémalle · 1 other company| Flasschoen, Claude (sole trader)
establishment since 26-12-1991 |
founded in 1991 0753.242.018 |
Timeline
Timeline
30 events since 2008Board
Filings
Financial
Establishments
Address
2008201020122014201620182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFfull format · 119 days before the deadline
2025
Back to profit net €168,194 The net result is €168,194, after one loss-making year.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0807030496
Annual accounts 2024 filed PDFfull format · 34 days before the deadline
2024
Weakest financial year net -€550,700 The net result drops to -€550,700, the lowest from 2009 to 2025. It recovers the following year.
Registered-office moveBoard meeting of 19-11-20242 points ▸
- Board meeting, 19-11-2024
- Registered-office move, Rue des metiers 14 4400 MONS-LEZ-LIEGE BELGIUM
New establishment in Flémalle Rue des Métiers 14
Annual accounts 2023 filed PDFfull format · 47 days before the deadline
2023
Back to profit net €171,156 The net result is €171,156, after one loss-making year.
Annual accounts 2022 filed PDFfull format · 11 days before the deadline
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 07-02-20237 points ▸
- General meeting, 07-02-2023
- MATHUS David Joseph Emile Marie Ghislain holds 186 shares (100%)
- 186 shares
- Director resignation, MATHUS David Joseph Emile Marie Ghislain (manager)
- Director reappointment, MATHUS David Joseph Emile Marie Ghislain (director (not named in the articles))
- Director discharge, MATHUS David Joseph Emile Marie Ghislain
- Registered office clause, Rue Vieille Voie de Tongres 6/B, 4342 Awans (Hognoul)
- The deed holds 7 more points.
2022
Annual accounts 2021 filed PDFfull format · 2 days before the deadline
2021
Highest result from 2009 to 2025 net €418,646 ▲115% The operating result of €634,248 and the net result of €418,646 are both a record.
Annual accounts 2020 filed PDFfull format · 30 days late
2020
Annual accounts 2019 filed PDFfull format · 48 days late
2019
Annual accounts 2018 filed PDFfull format · 21 days late
2018
Annual accounts 2017 filed PDFfull format · 30 days late
2017
Equity above €1m equity €1.1m ▲20.3% Equity rises from €879,931 to €1.1m.
Annual accounts 2016 filed PDFfull format · on the deadline day
2016
Annual accounts 2015 filed PDFfull format · 48 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 14 days before the deadline
2014
Annual accounts 2013 filed PDFfull format · 63 days late
Annual accounts 2012 filed PDFfull format · 267 days late
2012
Equity above €500,000 equity €559,178 ▲33.1% With a profit in every financial year since 2009, equity grows to €559,178.
Annual accounts 2011 filed PDFfull format · 83 days late
Annual accounts 2010 filed PDFfull format · 184 days late
2011
Annual accounts 2009 filed PDFfull format · 301 days late
2010
Equity above €200,000 equity €258,090 ▲107% With a profit in every financial year since 2009, equity grows to €258,090.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0807.030.496
- VAT number
- BE 0807.030.496
- Peppol ID
- 0208:0807030496
- Other Peppol ID
- 9925:BE0807030496
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 10-10-2008
- Financial year
- ends on 31 December
- Peppol
- Reachable since 18-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- S & D Tech in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 14-02-2023 (in French)
- Name clauseThe company operates under this name according to its articles.
- S & D Techdeed of 14-02-2023 (in French)
Activities
NACEBEL 2025VAT activities
27900
Manufacture of electrical equipment main activity
Social security (RSZ) activities
27900
Manufacture of electrical equipment main activity
Codes under NACEBEL 2008
VAT activities
27900
Manufacture of electrical equipment main activity
Social security (RSZ) activities
27900
Manufacture of electrical equipment main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toutes opérations se rapportant directement ou indirectement au commerce,à l'importation et à l'exportation de produits ou équipements…”deed of 14-02-2023 (in French)
2 activities
- Toutes opérations se rapportant directement ou indirectement au commerce,à l'importation et à l'exportation de produits ou équipements médicaux,hospitaliers et d'autres articles y afférents,ainsi que les activités de développement électromécanique et l'intégration de projets dans le domaine médical
- Accomplir toutes les opérations commerciales,industrielles,financières,mobilières et immobilières,se rapportant directement ou indirectement à son objet ou qui seraient de nature à en faciliter directement ou indirectement,entièrement ou partiellement,sa réalisation
Registered office and establishments
2 establishments| Establishment | Since | Unit number |
|---|---|---|
| S & D Tech. Rue Vieille Voie de Tongres 6, 4342 Awans | 07-10-2008 | 2.175.066.038 |
| Rue des Métiers 14 registered office 4400 Flémalle | 22-10-2024 | 2.366.368.349 |
Buildings and parcels at the addresses
- Ground area
- 2,180 m²
- Buildings
- 227 m²
- Volume, LiDAR
- 1,357 m³
- Tallest building
- 6.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62037B0245/00C005 | 1,578 m² | 1 · 142 m² | 6.8 m · 2 |
| 62053A0210/00M000 | 601 m² | 1 · 85 m² | 6.2 m · 2 |