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SDCE

Active
Private limited companyfounded 2024active for 2 yearsZwijnaardsesteenweg 44, 9000 Gent, BelgiumKBO/BCE: BE 1010.576.088

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 29-01-2026 at the NBB

Turnover
≈ €260,000
Estimated: probably between €100,000 and €790,000
Total assets
€35,647
Net result
€24,914
Working capital
€7,803

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €35,647
Fixed assets €19,111
Current assets €16,536
Equity and liabilities €35,647
Equity €26,914
Debt €8,733
Debt's share of the balance-sheet total is 24.5%.
Key figures and ratios
2025 value
EBITDA
€36,494
Cash flow
€28,098
Current ratio
1.89
Debt to equity
0.32
ROE
92.6%
ROA
69.9%
Interest coverage
over 100
Debt ≤ 1 year
€8,733
Income taxes
€8,681

Investments

fixed assets acquired
Item30-06-2025
Tangible fixed assets€19,650
Intangible fixed assets€2,645
Depreciation and write-downs of the year€3,184

Source: notes to the 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as SDCE: retail sale of motor vehicle parts and accessories (NACE 47820). They are comparable in size and age: total assets between €29,100 and €63,400, founded between 2023 and 2024.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFinancial year
SDCE Gent2024€35,647€26,914€36,743-€24,9142025
SOS DEPANNAGE AUBANGE-MESSANCY Aubange2024€42,814€25,559€29,799€81,464€21,5592025
PNEUS LIEGE Liège2023€29,052-€8,088€23,296€108,024€14,3482025
TRUST SOLUTIONS Sint-Pieters-Leeuw2024€48,741€9,025€67,713-€8,0252025
AL-HAADI AUTOMOTIVE Brussel2023€37,894€26,741€20,161€74,519€16,7412025
GS PNEUS Ans2024€63,427€16,012€28,342-€7,1422025
FB AUTO Flémalle2023€54,675€39,721€16,184-€9,4702025

They were chosen from the 666 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 39,278 companies had the same profile as SDCE has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% was still going

The bankruptcy probability of SDCE itself is higher: 3.1% within 12 months. It rests on far more data about SDCE than the profile alone.

Test of the method

The method was tested on the 497,445 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 39,278 companies, not a prediction for SDCE. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 33 lines

Source: Annual accounts 2025 at the NBB, filed on 29-01-2026.

Balance sheet Code2025
Assets
Total assets20/58€35,647
Fixed assets21/28€19,111
Tangible fixed assets22/27€19,111
Furniture and vehicles24€19,111
Current assets29/58€16,536
Amounts receivable within one year40/41€16,029
Trade receivables40€4,387
Other amounts receivable41€11,642
Cash at bank and in hand54/58€85
Deferred charges and accrued income490/1€422
Equity and liabilities
Total equity and liabilities10/49€35,647
Equity10/15€26,914
Contributions10/11€2,000
Profit (loss) carried forward14€24,914
Amounts payable17/49€8,733
Amounts payable within one year42/48€8,733
Trade debts44€52
Suppliers440/4€52
Taxes, remuneration and social security45€8,681
Taxes450/3€8,681
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,184
Other operating charges640/8€249
Gross operating margin9900€36,743
Operating profit (loss)9901€33,310
Financial income75/76B€525
Recurring financial income75€525
Financial charges65/66B€240
Recurring financial charges65€240
Profit (loss) for the period before taxes9903€33,595
Income taxes67/77€8,681
Profit (loss) for the period9904€24,914
Profit (loss) for the period to be appropriated9905€24,914
Appropriation of the result
Profit (loss) to be appropriated9906€24,914

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,184
Other operating charges640/8€249
Gross operating margin9900€36,743
Operating profit (loss)9901€33,310
Financial income75/76B€525
Recurring financial income75€525
Financial charges65/66B€240
Recurring financial charges65€240
Profit (loss) for the period before taxes9903€33,595
Income taxes67/77€8,681
Profit (loss) for the period9904€24,914
Profit (loss) for the period to be appropriated9905€24,914
Line2025
Assets
Total assets20/58€35,647
Fixed assets21/28€19,111
Tangible fixed assets22/27€19,111
Furniture and vehicles24€19,111
Current assets29/58€16,536
Amounts receivable within one year40/41€16,029
Trade receivables40€4,387
Other amounts receivable41€11,642
Cash at bank and in hand54/58€85
Deferred charges and accrued income490/1€422
Equity and liabilities
Total equity and liabilities10/49€35,647
Equity10/15€26,914
Contributions10/11€2,000
Profit (loss) carried forward14€24,914
Amounts payable17/49€8,733
Amounts payable within one year42/48€8,733
Trade debts44€52
Suppliers440/4€52
Taxes, remuneration and social security45€8,681
Taxes450/3€8,681
Line2025
Profit (loss) for the period9904€24,914
+ Depreciation and write-downs630€3,184
Operating cash flow (approximation)€28,098

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
30-06-2025 micro format 29-01-2026 2026-00018411 NBB

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