Losses
-€39.8m in six years
Every financial year from 2019 to 2025 closed with a loss. 2023 was the heaviest.
SD Worx Staffing Solutions
Lifetime
16 annual accounts with figures on one time axis, 17 filings since 2009Turnoverpeak €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 accountsDebts
€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
SD Worx Staffing Solutions pays its suppliers 22 days later than in 2024.
Restructuring
2025
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 strengthWeak
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
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.
| 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
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 filingsDeviation 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 monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SD Worx Staffing & Career Solutions 100%equity €64.9m (2025) · annual accounts 2025
- SD Worx NV consolidatesannual accounts 2025
Shares in 1 company, SD Worx Staffing & Career Solutions-Nederland BV
Board & ownershipRecent 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
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 |
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
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
Companies linked to SD Worx Staffing Solutions
Parent and group
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
Next steps
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