SDC · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of SDC is 1.1% (low). The 2025 annual accounts show equity of €3.18M and a net result of €698k. Equity is growing by ~46.7% per year across the filed fiscal years. Its solvency ranks better than 73% of 338 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 27-05-2026, 34 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 30-11. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-11-2025, that is 30-06-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-11-2025	30-06-2026	27-05-2026	34 d early	2026-00121606
30-11-2024	30-06-2025	26-05-2025	35 d early	2025-00104923
30-11-2023	30-06-2024	27-05-2024	34 d early	2024-00096403
30-11-2022	30-06-2023	09-06-2023	21 d early	2023-00115611
30-11-2021	30-06-2022	30-05-2022	31 d early	2022-20036405

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.1% Low

0%0,5%1,5%4%10%≥25%

Young company +Annual accounts: healthy financial profile −Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€698k-25.7%

Working capital€3.20M+7.8%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 27-05-2026 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~46.7%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

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).

Sector comparison

Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	64.0%	36.5%	better than 73% of 338 sector peers
Net result	€698k	€44k	better than 94% of 338 sector peers
Equity	€3.18M	€279k	better than 95% of 338 sector peers
Gross operating margin	€643k	€244k	better than 75% of 337 sector peers
Total assets	€4.97M	€1.22M	better than 91% of 338 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P73

Improving position over 2021-2025 · n=338-900

Net result P94

Stable position over 2021-2025 · n=338-899

Equity P95

Improving position over 2021-2025 · n=338-901

Gross operating margin P75

Improving position over 2021-2025 · n=337-898

Describes the position versus peers, not a forecast.

EBITDA

€642k

-47.2% 21-25

Net profit

€698k

-25.7% 21-25

Cash flow

€732k

-24.6% 21-25

Total assets

€4.97M

-2.1% 21-25

Equity

€3.18M

+61.0% 21-25

Working capital

€3.20M

+7.8% 21-25

Employees (FTE)

0

- 21-25

Staff costs

€33k

- 21-25

Show 11 other metrics

Income taxes

€237k

-23.0% 21-25

Dividends

€2k

+7.4% 21-25

Debt

€1.79M

-42.3% 21-25

Debt ≤ 1y

€1.74M

-13.6% 21-25

Current ratio

2.84

+14.7% 21-25

Quick ratio

2.84

+14.7% 21-25

Solvency

64.0%

+64.5% 21-25

Debt / equity

0.56

-64.2% 21-25

ROE

21.9%

-53.9% 21-25

ROA

14.0%

-24.1% 21-25

Interest coverage

9.92

-66.8% 21-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	€642k
Net profit	€698k
Cash flow	€732k
Staff costs	-
Income taxes	€237k
Dividends	€2k
Total assets	€4.97M
Equity	€3.18M
Debt	€1.79M
of which ≤ 1y	€1.74M
of which > 1y	-
Working capital	€3.20M
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	2.84
Quick ratio	2.84
Working capital ratio	64.4%
Solvency	64.0%
Debt / equity	0.56
Long-term debt ratio	-
Interest coverage	9.92
Gross margin	-
Net margin	-
ROA	14.0%
ROE	21.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €31k · 0.6% Current assets €4.94M · 99.4%

Equity & liabilities

Equity €3.18M · 64.0% Debt €1.79M · 36.0%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€4.97M
Fixed assets	21/28	€31k
Tangible fixed assets	22/27	€31k
Current assets	29/58	€4.94M
Amounts receivable within one year	40/41	€648k
Investments	50/53	€3.08M
Cash & bank	54/58	€1.19M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€4.97M
Equity	10/15	€3.18M
Contributions / capital	10/11	€3k
Reserves	13	€3.18M
Amounts payable	17/49	€1.79M
Amounts payable within one year	42/48	€1.74M
Trade debts payable within one year	44	€98k
Income statement
Gross operating margin	9900	€643k
Operating result	9901	€608k
Financial income	75	€392k
Financial charges	65	€65k
Result before taxes	9903	€936k
Income taxes	67/77	€237k
Net result for the period	9904	€698k
Result to be appropriated	9905	€698k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

93 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

44 companies at this address See who is registered here

Establishment units

1 location

SDC

Godefriduskaai 12, 2000 AntwerpenHandelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren

since 20202.306.615.161

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area457 m²

Buildings1

Building footprint460 m²

Volume (LiDAR)10,283 m³

Tallest building26.9 m · ±8 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)