SD Commerce
The computed 12-month bankruptcy probability of SD Commerce is 3.2% (moderate). The 2024 annual accounts show equity of €5k and a net result of €-14k. Equity is shrinking by ~48.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 69% of 9575 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €5k |
| Net result | €-14k |
| Better than sector | 69% |
| Active | 5 yrs |
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 56.3% | 38.5% | |
| Net result | €-14k | €44k | |
| Equity | €5k | €332k | |
| Gross operating margin | €-13k | €266k | |
| Total assets | €9k | €937k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | abbreviated schema | micro schema | abbreviated schema |
| Revenue | - | - | - |
| EBITDA | €-14k | €-4k | €33k |
| Net profit | €-14k | €-5k | €22k |
| Cash flow | €-14k | €-4k | €23k |
| Staff costs | - | - | - |
| Income taxes | - | €0 | €6k |
| Dividends | - | - | - |
| Total assets | €9k | €28k | €40k |
| Equity | €5k | €20k | €24k |
| Debt | €4k | €9k | €16k |
| of which ≤ 1y | €4k | €9k | €16k |
| of which > 1y | - | - | - |
| Working capital | €5k | €19k | €23k |
| Employees (FTE) | - | - | - |
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 2.13 | 3.16 | 2.44 |
| Quick ratio | 2.13 | 2.15 | 1.57 |
| Working capital ratio | 49.3% | 65.8% | 56.8% |
| Solvency | 56.3% | 69.5% | 60.4% |
| Debt / equity | 0.78 | 0.44 | 0.65 |
| Long-term debt ratio | - | - | - |
| Interest coverage | -43.13 | -35.67 | 9.12 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -152.6% | -17.0% | 55.5% |
| ROE | -271.0% | -24.4% | 91.8% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €9k | €28k | €40k |
| Fixed assets | 21/28 | €657 | €1k | €1k |
| Intangible fixed assets | 21 | €657 | €1k | €1k |
| Current assets | 29/58 | €9k | €27k | €39k |
| Stocks & contracts in progress | 3 | - | €9k | €14k |
| Amounts receivable within one year | 40/41 | €4k | €4k | €7k |
| Cash & bank | 54/58 | €5k | €15k | €18k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €9k | €28k | €40k |
| Equity | 10/15 | €5k | €20k | €24k |
| Contributions / capital | 10/11 | €2k | €2k | €2k |
| Reserves | 13 | €3k | €22k | - |
| Accumulated profits (losses) | 14 | - | €-5k | €22k |
| Amounts payable | 17/49 | €4k | €9k | €16k |
| Amounts payable within one year | 42/48 | €4k | €9k | €16k |
| Trade debts payable within one year | 44 | €917 | €4k | €4k |
| Income statement | ||||
| Gross operating margin | 9900 | €-13k | €-4k | €36k |
| Operating result | 9901 | €-14k | €-5k | €32k |
| Financial income | 75 | - | €0 | €1 |
| Financial charges | 65 | €316 | €120 | €4k |
| Result before taxes | 9903 | €-14k | €-5k | €29k |
| Income taxes | 67/77 | - | €0 | €6k |
| Net result for the period | 9904 | €-14k | €-5k | €22k |
| Result to be appropriated | 9905 | €-14k | €-5k | €22k |
| NACE primary | Retail sale of bicycles(47632) |
| Legal form | Private limited company(610) |
| Incorporation | 06-08-2021 |
| Status | Active |
| Postal code | 3910 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72025B0896/00M000 | Flanders | 1,768 m² | 1 · 1,006 m² | 18.3 m · 5 fl. |
| 72025B0532/00X006 | Flanders | 1,077 m² | 1 · 173 m² | 7.7 m · 2 fl. |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
29-09-2025 Registered office moved within Pelt
- Achelsendijk 30, 3910 Рelt → 3910 Pelt, Hoekstraat 1 bus 31
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "3910 Pelt, Hoekstraat 1 bus 31",
"city": "Pelt",
"region": "vlaams_gewest",
"street": "Hoekstraat",
"country": "BE",
"postcode": "3910",
"box_number": "31",
"street_number": null,
"locality_suffix": null
},
"old_address": {
"raw": "Achelsendijk 30, 3910 \u0420elt",
"city": "Pelt",
"region": "vlaams_gewest",
"street": "Achelsendijk",
"country": "BE",
"postcode": "3910",
"box_number": null,
"street_number": "30",
"locality_suffix": null
},
"effective_date": "2025-08-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-09-29",
"filing_date": "2025-09-19",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2025-07-31",
"unanimous": null
},
"subject_company": {
"kbo": "0772.353.293",
"name_full": "SD Commerce",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Schippers Kevin",
"org_rep_person_name": null,
"person_role_at_subject": "bestuurder"
},
"co_filed_documents": []
}| Legal nameNL | SD Commerce |