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SD Worx Staffing Solutions

Active Public limited companyfounded 2008active for 18 yearsBrouwersvliet 2, 2000 AntwerpKBO/BCE: BE 0807.281.213 subsidiary of SD Worx Staffing & Career Solutions#5 employer in the province of Antwerp, Employment activities sector
Part of the group SD PATRIMONIUM 36 companies in 5 countries
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Lifetime

16 annual accounts with figures on one time axis, 17 filings since 2009
Turnoverpeak €148.9m (2019)
€112.8m▼ 2.6%
Resultlowest -€15.9m (2023)
-€2.2m▲ €1.0m
Equitypeak €10.5m (2018)
€7.7m▲ 12.3%
Debts
€42.5m▼ 4.6%
Staffpeak 2,622 FTE (2021)
1,539.5 FTE▼ 2.6%
Board10 names since 2019
3 directorsBISSCHOP Maurice and 2 others
Owners6 names in the annual accounts
100%SD Worx Staffing & Career Solutions and 1 other
Documentsfilings and deeds
16-06-202645 days before the deadline
2025financial year
Loss of €2.2mCapital increase 24-12Merger: SD Worx Staffing Solutions takes over Easymatch 22-07Merger proposal: SD Worx Staffing Solutions takes over Easymatch 23-05Powers of attorney: Patsy Farrazijn, Sandra Dellevoet and 3 o… 22-04Equity from €6.8m to €7.7m

Key points

from the 2025 annual accounts

Losses

-€39.8m in six years
-8.32019-4.62021-5.72022-15.92023-3.22024-2.22025

Every financial year from 2019 to 2025 closed with a loss. 2023 was the heaviest.

Debts

€42.5m 83% of the balance sheet
Financial debts 18%Suppliers 13%Taxes and wages 29%Other 41%

Of this, €34.0m falls due within a year.

Staff

1,539.5 FTE from 2,622 in 2021

Between 2021 and 2025, 41% of the full-time equivalents disappeared.

Payment terms

255 days to suppliers
Suppliers
233 to 255
Customers
85 to 85

SD Worx Staffing Solutions pays its suppliers 22 days later than in 2024.

Restructuring

2025
  • 22-10-2008 founded
  • 01-01-2025 merger with Easymatch

Merger with Easymatch. Merger on 01-01-2025.

Position in the sector

-€2.2m

Lower net result than 95% of companies in employment activities. Sector median €37,890 · 316 companies.

Checked score

68
Healthy
Financially stronger than 30% of large companies in employment activities (NACE 78)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 70 companies (NACE 78, large).

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.2% 01-2025: 1.2%● unchanged vs 12-2024 02-2025: 1.2%● unchanged vs 01-2025 03-2025: 1.2%● unchanged vs 02-2025 04-2025: 1.3%▲ +0.1 percentage points vs 03-2025 05-2025: 1.3%● unchanged vs 04-2025 06-2025: 1.3%● unchanged vs 05-2025highest value 07-2025: 0.8%▼ -0.5 percentage points vs 06-2025 08-2025: 0.8%● unchanged vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.7%▼ -0.1 percentage points vs 01-2026 03-2026: 0.8%▲ +0.1 percentage points vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.8%● unchanged vs 05-2026 07-2026: 0.7%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: 0.7%● unchanged vs 07-2026lowest value 09-2026: 0.7%● unchanged vs 08-2026lowest value 10-2026: 0.7%● unchanged vs 09-2026lowest value 11-2026: 0.7%● unchanged vs 10-2026lowest value

Financial strength
Weak

Solvency
40+2equity 15.0% of total assets
Liquidity
15-2short-term debt 66.4% · cash 0.1%
Profitability
15+2return on assets -4.2%

Score breakdown

raises risk
Liquidity: current ratio 0.79, cash €38,621
Equity €7.7m (15.0% of total assets)
Loss of €2.2m, the second in a row (financial year 2025)
lowers risk
Founded in 2008
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 78, large). It does better than 37% of them on solvency, 20% on liquidity, 7% on profitability and 54% on growth.

The bankruptcy probability was computed on 05-11-2026 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, 137 companies had the same profile as SD Worx Staffing Solutions has now. Each dot is one company, two years later.

95.6%
were still trading
2.2%
stopped another way
2.2%
went bankrupt
  • Large
  • solvency 10 to 30%
  • a small loss
  • without age

That fits the bankruptcy probability of SD Worx Staffing Solutions itself: 0.7% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 137 companies, not a prediction for SD Worx Staffing Solutions. 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 €500,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.79 (0.84 in 2024), below 1. Short-term debt is 66.4% and cash 0.1% of total assets. 85% 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
raises risk · Liquidity: current ratio 0.79, cash €38,621
NBB · annual accounts
raises risk · Equity €7.7m (15.0% of total assets)
NBB · annual accounts
raises risk · Loss of €2.2m, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Founded in 2008
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
45 days early
2024
42 days early
2023
42 days early
2022
39 days early
2021
40 days early
2020
30 days early
2019
38 days early
← 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 39 days before the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% 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 20 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

LB
Chair, Sebastiaan Peeters
BM
Director, since 06-06-2025

Shares in 1 company, SD Worx Staffing & Career Solutions-Nederland BV

Board & ownership

Recent changes

1 director appointed, 1 statutory auditor appointed, 1 resignation Appointments: Lejak BV (chair of the board) and BDO Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Sebastiaan Peeters and Jef Neefs · Resignation: Deloitte Bedrijfsrevisoren BV (statutory auditor) · General meeting of 05-06-2026 · Gazette deed
New establishment in Bornem Oude Sluisweg 32
Capital increase Capital from €9,970,000 to €6,804,233 · Capital from €6,804,233 to €9,805,000 · General meeting of 18-12-2025 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0807281213
All 65 events

Comparable companies

same main activity, similar in size and age
Company Turnover EBIT margin Solvency Staff
SD Worx Staffing Solutions Antwerp €112.8m -1.0% 15.0% 1,539.5
TRIXXO JOBS Bilzen-Hoeselt €81.1m -0.7% 12.9% 1,307.4
ACCENT CONSTRUCT Roeselare €153.8m 4.8% 34.6% 1,675.2
KONVERT HR Kortrijk €197.2m 0.4% 8.9% 3,009.5
FORUM JOBS Roeselare €117.3m 5.1% 10.5% 1,900.3
VIVALDIS INTERIM Antwerp €99.5m 1.6% 18.1% 1,108.2
NOWJOBS Roeselare €135.8m 2.2% 23.9% 3,407.3
-10%0%10%20%€5m€50m€500mSD Worx Staffing SolutionsEBIT margin

Grey: the largest companies of the sector (employment activities (NACE 78)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as SD Worx Staffing Solutions: temporary employment agencies and other provision of personnel (NACE 78200). They are comparable in size and age: total assets between €22m and €104m, founded between 1991 and 2009.

Official details

Source: KBO
Status
Active since 22-10-2008Normal situation
Registered office
12 active companies are registered at this addressSource: KBO register, as of 5 November 2026.
Activity
Temporary employment agencies and other provision of personnelNACE 78200and 3 others
Joint committees
200Auxiliary committee for white-collar workers
322Temporary agency work and approved local services · annual accounts 2025
Establishment units
2.216.843.1463200 Aarschot, since 01-03-2013
2.219.788.7781731 Asse, since 24-06-2013and 29 others
Financial year end
31 December
Peppol
Reachable since 20-11-2025
Company details

Annual accounts 2025

Total assets
€51.1m▼ 2.5%
Employeeson 31-12-2025
1,132▼ 1.4%
Filing
Filed on 16-06-2026, 45 days before the end of the filing period
Financials

Companies linked to SD Worx Staffing Solutions

Insights on SD Worx Staffing Solutions

SD Worx Staffing Solutions has existed since 2008. Turnover grew from €2.7m in 2009 to €112.8m in 2025 and staff from 50.3 to 1,539.5 full-time equivalents.

Turnover has fallen every year since 2021.

SD Worx Staffing & Career Solutions holds all the shares.

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 Worx Staffing Solutions

What is the company number of SD Worx Staffing Solutions?
The company number of SD Worx Staffing Solutions is 0807.281.213. The VAT number is the same number with BE in front: BE 0807.281.213.
Where is SD Worx Staffing Solutions based?
The registered office is at Brouwersvliet 2, 2000 Antwerp.Company details
What does SD Worx Staffing Solutions do?
According to the KBO register, the main activity is temporary employment agencies and other provision of personnel (NACE 78200).
What is the legal form of SD Worx Staffing Solutions?
SD Worx Staffing Solutions is a public limited company (NV).
When was SD Worx Staffing Solutions founded?
SD Worx Staffing Solutions was founded on 22-10-2008.
Is SD Worx Staffing Solutions still active?
Yes, SD Worx Staffing Solutions is an active enterprise in the KBO register.
How many employees does SD Worx Staffing Solutions have?
SD Worx Staffing Solutions had an average of 1,539.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does SD Worx Staffing Solutions fall under?
In its 2025 annual accounts, SD Worx Staffing Solutions states joint committees 200 (Auxiliary committee for white-collar workers) and 322 (Temporary agency work and approved local services).
What is the turnover of SD Worx Staffing Solutions?
The turnover of SD Worx Staffing Solutions was €112.8m in financial year 2025, according to the filed annual accounts.
Is SD Worx Staffing Solutions profitable?
In financial year 2025, SD Worx Staffing Solutions made a loss of €2.2m.
Where can I find the annual accounts of SD Worx Staffing Solutions?
SD Worx Staffing Solutions filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SD Worx Staffing Solutions due?
SD Worx Staffing Solutions must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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