SDK Express
ActiveThe computed 12-month bankruptcy probability of SDK Express is 1.6% (moderate). The 2025 annual accounts show equity of €42k and a net result of €42k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 4149 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+4
Solvency36▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.0 in 2024; short-term debt: 81.5% and cash: 65.9% of total assets), and 88.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 4149 sector peers (2025).
NBB · sector comparisonPosition among 4149 sector peers
Solvency
better than 22%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €42k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
4 d late
2023
1 d early
2022
3 d late
2021
22 d late
2020
30 d late
2019
12 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close22-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42k▲ 13.2%
2024 · €37k
2019: €-7k
2020: €40k
2021: €110k
2022: €29k
2023: €29k
2024: €37k
2019 → 2025
Working capital
€30k
2024 · €-94
2019: €51k
2020: €39k
2021: €151k
2022: €52k
2023: €22k
2024: €-94
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€161k-€40k▼ 75.2%€19k▼ 53.5%€19k=€42k▲ 124%
Operating result€140k-€51k▼ 63.4%€51k▲ 0.2%€61k▲ 19.3%€86k▲ 41.0%
Net result€110k-€29k▼ 73.8%€29k▲ 1.8%€37k▲ 26.0%€42k▲ 13.2%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 41% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €367k
Fixed assets
€38k▼ 27.1%
Current assets
€329k▼ 13.4%
Equity and liabilities €367k
Equity
€42k▲ 124%
Debt
€326k▼ 21.4%
The debt ratio falls from 95.7% to 88.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€101k▲
2024 · €75k
Cash flow
€56k▲
2024 · €50k
Solvency
11.4%▲
2024 · 4.3%
Current ratio
1.10▲
2024 · 1.00
Quick ratio
0.88▲
2024 · 0.81
Debt / equity
7.80▼
2024 · 22.26
ROE
100.0%▼
2024 · 198.1%
ROA
11.4%▲
2024 · 8.5%
Interest coverage
6.04▲
2024 · 6.03
Debt
€326k▼
2024 · €414k
Debt ≤ 1 year
€299k▼
2024 · €380k
Debt > 1 year
€26k▼
2024 · €34k
Income taxes
€28k▲
2024 · €15k
Staff costs
€291k▼
2024 · €348k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€433k€367k▼
Fixed assets21/28€53k€38k▼
Tangible fixed assets22/27€53k€38k▼
Plant, machinery and equipment23€45k€34k▼
Furniture and vehicles24€8k€5k▼
Current assets29/58€380k€329k▼
Stocks and contracts in progress3€72k€67k▼
Stocks30/36€72k€67k▼
Amounts receivable within one year40/41€8k€11k▲
Trade receivables40€1k€4k▲
Other amounts receivable41€6k€7k▲
Cash at bank and in hand54/58€270k€242k▼
Deferred charges and accrued income490/1€30k€9k▼
Equity and liabilities
Total equity and liabilities10/49€433k€367k▼
Equity10/15€19k€42k▲
Contributions10/11€19k-
Outside capital11€19k-
Other1109/19€19k-
Profit (loss) carried forward14-€42k
Amounts payable17/49€414k€326k▼
Amounts payable after more than one year17€34k€26k▼
Financial debts170/4€34k€26k▼
Amounts payable within one year42/48€380k€299k▼
Current portion of amounts payable after more than one year42€43k€11k▼
Financial debts43€489-
Credit institutions430/8€489-
Trade debts44€207k€209k▲
Suppliers440/4€207k€209k▲
Taxes, remuneration and social security45€40k€71k▲
Taxes450/3-€19k
Remuneration and social security454/9€40k€52k▲
Other amounts payable47/48€90k€8k▼
Accrued charges and deferred income492/3-€240
Income statement
Code20242025
Remuneration, social security and pensions62€348k€291k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Other operating charges640/8€950€1k▲
Non-recurring operating charges66A€100-
Gross operating margin9900€424k€393k▼
Operating profit (loss)9901€61k€86k▲
Financial income75/76B€3k€212▼
Recurring financial income75€3k€212▼
Non-recurring financial income76B€3k-
Financial charges65/66B€12k€17k▲
Recurring financial charges65€12k€17k▲
Profit (loss) for the period before taxes9903€52k€70k▲
Income taxes67/77€15k€28k▲
Profit (loss) for the period9904€37k€42k▲
Profit (loss) for the period to be appropriated9905€37k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€42k▲
Profit to be distributed694/7€37k-
Return on contributions (dividend)694€37k-
Social balance
Average headcount (FTE)908711.6-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 4 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
31-03
Financial
Highest result since 2019net €110k ▲173%
Operating result €140k, net result €110k, both a record.
31-03
Financial
Equity above €150kEq €161k ▲213%
2 profitable years in a row build equity to €161k.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
31-03
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
2019
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
L'Olivierstraat 521030 SchaarbeekGround area
410 m²
Building footprint
383 m²
Volume, LiDAR
4,514 m³
2 parcels, Brussels · tallest building 20.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SDK Express
since 20172.272.223.614
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902E0126/00N005 | Brussels | 318 m² | 1 · 317 m² | 20.1 m · 4 fl. |
| 21906D0350/00Y008 | Brussels | 92 m² | 1 · 66 m² | 16.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.272.223.614
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Of 10,525 companies in sector 47110 we hold annual accounts for 5,860. 4,581 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-11-2017
Fiscal year end31-03
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47113Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.