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SDC

Active
Private limited companyfounded 196858 yrs activeNoordkaai 9, 8870 Izegem, BelgiumKBO/BCE: BE 0400.957.319
Summary

SDC has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €266,265 and a net result of €3,372. Equity remains stable across the filed fiscal years (±1.9% per year). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability41▼-3
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
short-term debt: 0.7% of total assets, and 0.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 58 years 0 60 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
99.3%
Return on assets
1.3%
Age of the figures
9 mo
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 12-05-2026, 80 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
80 d early
2024
45 d early
2023
49 d early
2022
52 d early
2021
54 d early
2020
47 d early
2019
17 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 49 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 1 January 1968, SDC was incorporated.1 Of the 2 current board members, BV KST Pharma has served longest, since 2026.2 Total assets went from EUR 301,574 in 2018 to EUR 268,224 in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 29-07-2026
  3. 3National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€266,265▲ 1.3%
2024 · €262,892
Total assets
€268,224▲ 1.3%
2024 · €264,716
Net result
€3,372▼ 49.9%
2024 · €6,726
Working capital
€266,265▲ 1.3%
2024 · €262,892
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€1,873▲ 46.6%-€2,051▼ 9.5%-€5,711▼ 179%-€1,924▲ 66.3%-€2,907▼ 51.1%
Net result€771€1,738▲ 125%€3,319▲ 91.0%€6,726▲ 103%€3,372▼ 49.9%
Equity€302,110▲ 0.3%€303,848▲ 0.6%€256,167▼ 15.7%€262,892▲ 2.6%€266,265▲ 1.3%
Total assets€302,552▲ 0.1%€304,922▲ 0.8%€261,059▼ 14.4%€264,716▲ 1.4%€268,224▲ 1.3%
Debt€441▼ 44.8%€1,074▲ 143%€4,892▲ 356%€1,824▼ 62.7%€1,959▲ 7.4%
Working capital€302,110▲ 0.3%€303,848▲ 0.6%€256,167▼ 15.7%€262,892▲ 2.6%€266,265▲ 1.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000Operating result 2021: -€1,873-€1,873Net result 2021: €771€771Operating result 2022: -€2,051-€2,051Net result 2022: €1,738€1,738Operating result 2023: -€5,711-€5,711Net result 2023: €3,319€3,319Operating result 2024: -€1,924-€1,924Net result 2024: €6,726€6,726Operating result 2025: -€2,907-€2,907Net result 2025: €3,372€3,37220212022202320242025-€10,000-€5,000€0€5,000Operating result 2023: -€5,711-€5,710Net result 2023: €3,319€3,320Operating result 2024: -€1,924-€1,920Net result 2024: €6,726€6,730Operating result 2025: -€2,907-€2,910Net result 2025: €3,372€3,370202320242025
The operating result stays negative: a loss of €2,907 in 2025 against €1,924 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €268,224
Equity €266,265 ▲ 1.3%
Debt €1,959 ▲ 7.4%
Debt's share of the balance-sheet total stays at 0.7%.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.01▲
2024 · 0.01
ROE
1.3%▼
2024 · 2.6%
ROA
1.3%▼
2024 · 2.5%
Debt ≤ 1 year
€1,959▲
2024 · €1,824
Income taxes
€1,124▼
2024 · €2,354
A ratio outside any meaningful range has been withheld (balance sheet total €268,224, equity €266,265).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€264,716€268,224▲
Current assets29/58€264,716€268,224▲
Amounts receivable within one year40/41€264,716€268,224▲
Other amounts receivable41€264,716€268,224▲
Equity and liabilities
Total equity and liabilities10/49€264,716€268,224▲
Equity10/15€262,892€266,265▲
Contributions10/11€112,278€112,278=
Reserves13€150,614€153,987▲
Distributable reserves133€150,614€153,987▲
Amounts payable17/49€1,824€1,959▲
Amounts payable within one year42/48€1,824€1,959▲
Trade debts44€363€605▲
Suppliers440/4€363€605▲
Taxes, remuneration and social security45€1,461€1,354▼
Taxes450/3€1,461€1,354▼
Income statement Code20242025
Other operating charges640/8€387€400▲
Gross operating margin9900-€1,537-€2,508▼
Operating profit (loss)9901-€1,924-€2,907▼
Financial income75/76B€11,154€7,584▼
Recurring financial income75€11,154€7,584▼
Financial charges65/66B€150€180▲
Recurring financial charges65€150€180▲
Profit (loss) for the period before taxes9903€9,080€4,497▼
Income taxes67/77€2,354€1,124▼
Profit (loss) for the period9904€6,726€3,372▼
Profit (loss) for the period to be appropriated9905€6,726€3,372▼
Appropriation of the result
Profit (loss) to be appropriated9906€6,726€3,372▼
Transfer to equity691/2€6,726€3,372▼
To other reserves6921€6,726€3,372▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€348€348€384€387€400▲ 3.2%
Gross operating margin9900-€1,525-€1,703-€5,327-€1,537-€2,508▼ 63.1%
Operating profit (loss)9901-€1,873-€2,051-€5,711-€1,924-€2,907▼ 51.1%
Financial income75/76B€2,865€4,571€10,287€11,154€7,584▼ 32.0%
Recurring financial income75€2,865€4,571€10,287€11,154€7,584▼ 32.0%
Financial charges65/66B€143€150€150€150€180▲ 20.0%
Recurring financial charges65€143€150€150€150€180▲ 20.0%
Profit (loss) for the period before taxes9903€850€2,370€4,425€9,080€4,497▼ 50.5%
Income taxes67/77€78€632€1,106€2,354€1,124▼ 52.3%
Profit (loss) for the period9904€771€1,738€3,319€6,726€3,372▼ 49.9%
Profit (loss) for the period to be appropriated9905€771€1,738€3,319€6,726€3,372▼ 49.9%
Line20212022202320242025Change
Assets
Total assets20/58€302,552€304,922€261,059€264,716€268,224▲ 1.3%
Current assets29/58€302,552€304,922€261,059€264,716€268,224▲ 1.3%
Amounts receivable within one year40/41€302,552€304,922€261,059€264,716€268,224▲ 1.3%
Other amounts receivable41€302,552€304,922€261,059€264,716€268,224▲ 1.3%
Equity and liabilities
Total equity and liabilities10/49€302,552€304,922€261,059€264,716€268,224▲ 1.3%
Equity10/15€302,110€303,848€256,167€262,892€266,265▲ 1.3%
Contributions10/11€112,278€112,278€112,278€112,278€112,278=
Reserves13€189,832€191,570€143,889€150,614€153,987▲ 2.2%
Distributable reserves133€189,832€191,570€143,889€150,614€153,987▲ 2.2%
Amounts payable17/49€441€1,074€4,892€1,824€1,959▲ 7.4%
Amounts payable within one year42/48€441€1,074€4,892€1,824€1,959▲ 7.4%
Trade debts44€363€363€4,153€363€605▲ 66.7%
Suppliers440/4€363€363€4,153€363€605▲ 66.7%
Taxes, remuneration and social security45€78€711€739€1,461€1,354▼ 7.3%
Taxes450/3€78€711€739€1,461€1,354▼ 7.3%
Line20212022202320242025Change
Profit (loss) for the period9904€771€1,738€3,319€6,726€3,372▼ 49.9%
Operating cash flow (approximation)€771€1,738€3,319€6,726€3,372▼ 49.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-07
State Gazette act Resignation: BV ALEXO (director)
Permanent representatives: Olivier Delaere, Koen Straetmans and Tom Goderis · Appointment: BV KST Pharma (director) · Reappointment: BV SODIAP (managing director)6 facts ▸
  • Director resignation, BV ALEXO (director)
  • Permanent representative, Olivier Delaere (permanent representative)
  • Director appointment, BV KST Pharma (director)
  • Permanent representative, Koen Straetmans (permanent representative)
  • Director reappointment, BV SODIAP (managing director)
  • Permanent representative, Tom Goderis (permanent representative)
12-05
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Highest result since 2018net €6,726 ▲103%
Net result €6,726, the highest in the series.
31-12
Financial Liquidity triplescurrent ratio 145.16
Current ratio from 53.37 to 145.16; short-term debt falls from €4,892 to €1,824.
12-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Back to profitnet €771
Net result €771 after one loss-making year.
14-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Weakest financial yearnet -€556
Net result drops to -€556, the lowest in the series; recovery starts the following year.
14-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
10-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts

Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 director, 1 in day-to-day management, last change in 2026

Board 1

BV KST Pharma
Director · since 19-05-2026 · Legal entity · perm. rep.: Koen Straetmans
Current

Day-to-day management 1

BV SODIAP
Managing director · Legal entity · perm. rep.: Tom Goderis
Current

Permanent representatives 2

Koen Straetmans
Permanent representative · since 19-05-2026 · for BV KST Pharma
Current
Tom Goderis
Permanent representative · for BV SODIAP
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 1965
seat establishment The establishment unit on the map
Ground area
3.0 ha
Building footprint
1.2 ha
Volume, LiDAR
53,856 m³
Parcel 36494D0117/00M002, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
SDC
Noordkaai 9, 8870 IzegemNACE 51384
since 19652.000.279.263
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36494D0117/00M002 Flanders 3.0 ha 1 · 1.2 ha 6.3 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

3 people since 2026, 2 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
BV KST Pharma
  • Director, from 19-05-2026 to date
BV SODIAP
  • Managing director, already before 29-07-2026 to date
BV ALEXO
  • Director, until 19-05-2026
See the board, name and seat on a given date →

Structure & network

Part of the group PHARMACIE BIA 40 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. PHARMACIE BIA 100%
  2. FEBELCO 100%
  3. SODIAP 100%
  4. SDC

Highest known parent: PHARMACIE BIA. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Identification & contact

Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0400957319
Registered 06-06-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.