Equity
-€8.0m
Debts exceed assets in financial year 2025.
SD-systems
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €280,703 (2014)
-€45,882▼ €275,328
lowest -€873,177 (2011)
-€461,019▼ €282,367
peak -€285,830 (2006)
-€8.0m▼ €461,019
€8.8m▲ 5.3%
peak 6.6 FTE (2009)
2 FTE▼ 20.0%
Board1 name since 2004
1 director
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €229,446 to -€45,882Loss of €461,019Staff from 2.5 FTE to 2 FTECash from €39,420 to €77,450
Key points
from the 2025 annual accountsLosses
-€7.8m in 20 years
Every financial year from 2006 to 2025 closed with a loss. 2011 was the heaviest.
Debts
€8.8m 1,028% of the balance sheet
Suppliers 11%Taxes and wages 1%Other 88%
Of this, €8.8m falls due within a year.
Staff
2 FTE from 6.6 in 2009
Between 2009 and 2025, 70% of the full-time equivalents disappeared.
Filings
49 annual accounts since 1977
Ten of the last ten came late. The 2020 accounts came latest: 115 days after the end of the period.
Position in the sector
-927.6%
Lower solvency than 95% of companies in wholesale trade. Sector median 44.1% · 10,754 companies.
Turnover not published (abbreviated format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,635 companies had the same profile as SD-systems has now. Each dot stands for 17 companies, two years later.
84.3%
were still trading
10.2%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,635 companies, not a prediction for SD-systems. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0413549305
Registered office moved from Zulte to Wielsbeke
New registered office: Driekoningenstraat 36A, 8710 WIELSBEKE · Previous registered office: Karreweg 41, 9870 ZULTE · Permanent representative: · Board meeting of 07-06-2023 · Gazette deed
Registered office moved from Nazareth to Zulte
New registered office: Karreweg 41, 9870 ZULTE · Previous registered office: Steenweg Deinze 150 bus 16B, 9810 NAZARETH · Permanent representative: · Board meeting of 19-02-2020 · Gazette deed
First establishment
Driekoningenstraat (S.B.V.) 36, Wielsbeke
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SD-systems Wielsbeke | €0.9m | -€45,882 | -927.6% | 2 |
| HENROTECH Aartselaar | €0.7m | -€122,540 | 97.9% | 1.3 |
| De Arend Sint-Katelijne-Waver | €1.6m | -€331,491 | 73.5% | 1.6 |
| HELSEN Westerlo | €0.3m | -€10,866 | 48.4% | - |
| ALPHA LOGICA Ixelles | €0.7m | -€655,736 | -2.0% | 1 |
| GOLDSTAR Schaerbeek | €0.9m | -€92,509 | 11.8% | - |
| UTEMA Charleroi | €1.1m | - | 81.0% | 1.5 |
These companies have the same main activity as SD-systems: non-specialised wholesale trade (NACE 46900). They are comparable in size and age: total assets between €281,000 and €1.6m, founded between 1950 and 1995.
Official details
Source: KBO- Status
- Active since 12-07-1973Normal situation
- Activity
- Non-specialised wholesale tradeNACE 46900and 3 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 149Sectors related to metal, mechanical and electrical engineering · annual accounts 2025
- Establishment unit
- 2.139.626.6918710 Wielsbeke, since 08-07-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on SD-systems
SD-systems files the abbreviated format. That format states no turnover. The gross margin rose from -€72,190 in 2006 to -€45,882 in 2025.
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 SD-systems
- What is the company number of SD-systems?
- The company number of SD-systems is 0413.549.305. The VAT number is the same number with BE in front: BE 0413.549.305.
- Where is SD-systems based?
- The registered office is at Driekoningenstraat (S.B.V.) 36A, 8710 Wielsbeke.Company details
- What does SD-systems do?
- According to the KBO register, the main activity is non-specialised wholesale trade (NACE 46900).
- What is the legal form of SD-systems?
- SD-systems is a private limited company (pre-2019) (BVBA).
- When was SD-systems founded?
- SD-systems was founded on 12-07-1973.
- Is SD-systems still active?
- Yes, SD-systems is an active enterprise in the KBO register.
- How many employees does SD-systems have?
- SD-systems had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SD-systems fall under?
- In its 2025 annual accounts, SD-systems states joint committees 200 (Auxiliary committee for white-collar workers) and 149 (Sectors related to metal, mechanical and electrical engineering).
- What is the turnover of SD-systems?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.
- Is SD-systems profitable?
- In financial year 2025, SD-systems made a loss of €461,019.
- Where can I find the annual accounts of SD-systems?
- SD-systems filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SD-systems due?
- SD-systems must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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