SDM-Technics
ActiveSummary
SDM-Technics has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €1.2m. Equity is growing by ~37.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▼-5
Solvency61▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 1.56 against 0.92 in 2024; short-term debt: 33.6% and cash: 11.7% of total assets), but 64.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.9%
Return on assets
17.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
58 d early
2023
41 d early
2022
on the day
2021
3 d early
2020
41 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?ELECTRICITE DE FRANCE · 66 companies
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 employer in Limburg, Electrical equipment sector#5 company by total assets in Limburg, Electrical equipment sector#8 fastest grower in Heusden-Zolder
Equity
€2.4m▲ 41.0%
2024 · €1.7m
Total assets
€6.8m▲ 14.0%
2024 · €5.9m
Net result
€1.2m▼ 5.5%
2024 · €1.3m
Working capital
€1.3m
2024 · -€332,140
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€76,466▼ 74.2%€415,863▲ 444%€275,222▼ 33.8%€1.8m▲ 538%€1.7m▼ 2.8%
Net result€76,926within the sector's middle half▼ 67.6%€345,927above the sector's middle half▲ 350%€203,830within the sector's middle half▼ 41.1%€1.3mabove the sector's middle half▲ 526%€1.2mabove the sector's middle half▼ 5.5%
Equity€570,734within the sector's middle half▲ 5.9%€839,423within the sector's middle half▲ 47.1%€1.0mwithin the sector's middle half▲ 24.3%€1.7mabove the sector's middle half▲ 64.8%€2.4mabove the sector's middle half▲ 41.0%
Total assets€1.8mwithin the sector's middle half▼ 0.9%€2.4mwithin the sector's middle half▲ 33.1%€3.1mwithin the sector's middle half▲ 30.4%€5.9mabove the sector's middle half▲ 88.4%€6.8mabove the sector's middle half▲ 14.0%
Debt€1.2m▼ 3.7%€1.6m▲ 26.7%€2.1m▲ 33.7%€4.2m▲ 100%€4.3m▲ 2.9%
Working capital€586,909▼ 15.9%€703,147▲ 19.8%€1.2m▲ 72.2%-€332,140€1.3m
Solvency31.5%within the sector's middle half▲ 2.0pp34.8%within the sector's middle half▲ 3.3pp33.2%within the sector's middle half▼ 1.6pp29.0%within the sector's middle half▼ 4.1pp35.9%within the sector's middle half▲ 6.9pp
Staff (FTE)29.8above the sector's middle half▲ 3.8%29.7above the sector's middle half▼ 0.3%31.8above the sector's middle half▲ 7.1%39.8above the sector's middle half▲ 25.2%41above the sector's middle half▲ 3.0%
above
within
below
the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Net result +526% on 2023. This fiscal year ran 18 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.8m
Fixed assets
€3.2m ▲ 38.9%
Current assets
€3.5m ▼ 1.9%
Equity and liabilities €6.8m
Equity
€2.4m ▲ 41.0%
Debt
€4.3m ▲ 2.9%
Debt's share of the balance-sheet total falls from 71.0% to 64.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.8m▼
2024 · €1.9m
Cash flow
€1.3m▼
2024 · €1.4m
Current ratio
1.56▲
2024 · 0.92
Quick ratio
1.15▲
2024 · 0.84
Debt to equity
1.79▼
2024 · 2.45
ROE
49.7%▼
2024 · 74.2%
ROA
17.8%▼
2024 · 21.5%
Interest coverage
22.10▼
2024 · 48.93
Debt ≤ 1 year
€2.3m▼
2024 · €3.9m
Debt > 1 year
€1.6m▲
2024 · €35,670
Income taxes
€435,222▼
2024 · €473,981
Staff costs
€2.7m▼
2024 · €3.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 17,792 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,241 | €5,773 | - | - | - |
| Remuneration, social security and pensions62 | - | €1.6m | €2.1m | €3.9m | €2.7m | ▼ 31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72,182 | €72,092 | €95,537 | €117,044 | €103,444 | ▼ 11.6% |
| Other operating charges640/8 | - | €4,715 | €53,988 | €9,446 | €3,924 | ▼ 58.5% |
| Non-recurring operating charges66A | - | €139 | €39,651 | - | - | - |
| Gross operating margin9900 | €1.6m | €2.1m | €2.5m | €5.8m | €4.5m | ▼ 22.3% |
| Operating profit (loss)9901 | €76,466 | €415,863 | €275,222 | €1.8m | €1.7m | ▼ 2.8% |
| Financial income75/76B | - | €68,539 | €38,225 | €33,024 | €16,868 | ▼ 48.9% |
| Recurring financial income75 | €37,578 | €68,539 | €38,225 | €33,024 | €16,868 | ▼ 48.9% |
| Financial charges65/66B | - | €25,264 | €20,558 | €38,268 | €81,885 | ▲ 114% |
| Recurring financial charges65 | €18,976 | €25,264 | €20,558 | €38,268 | €81,885 | ▲ 114% |
| Profit (loss) for the period before taxes9903 | €95,067 | €459,139 | €292,889 | €1.8m | €1.6m | ▼ 6.2% |
| Income taxes67/77 | €18,141 | €113,212 | €89,059 | €473,981 | €435,222 | ▼ 8.2% |
| Profit (loss) for the period9904 | €76,926 | €345,927 | €203,830 | €1.3m | €1.2m | ▼ 5.5% |
| Profit (loss) for the period to be appropriated9905 | €76,926 | €345,927 | €203,830 | €1.3m | €1.2m | ▼ 5.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €2.4m | €3.1m | €5.9m | €6.8m | ▲ 14.0% |
| Fixed assets21/28 | €175,749 | €275,575 | €265,594 | €2.3m | €3.2m | ▲ 38.9% |
| Tangible fixed assets22/27 | €173,089 | €272,915 | €262,934 | €254,326 | €1.2m | ▲ 354% |
| Land and buildings22 | - | €7,902 | €21,499 | €53,920 | €775,292 | ▲ 1,338% |
| Plant, machinery and equipment23 | - | €115,755 | €84,649 | €70,621 | €154,634 | ▲ 119% |
| Furniture and vehicles24 | - | €149,258 | €156,787 | €129,784 | €224,430 | ▲ 72.9% |
| Financial fixed assets28 | €2,660 | €2,660 | €2,660 | €2.1m | €2.1m | = |
| Current assets29/58 | €1.6m | €2.1m | €2.9m | €3.6m | €3.5m | ▼ 1.9% |
| Stocks and contracts in progress3 | €153,663 | €959,201 | €767,318 | €289,199 | €932,280 | ▲ 222% |
| Stocks30/36 | - | €40,167 | €61,286 | €38,370 | €32,850 | ▼ 14.4% |
| Contracts in progress37 | - | €919,034 | €706,033 | €250,829 | €899,430 | ▲ 259% |
| Amounts receivable within one year40/41 | €1.2m | €1.1m | €2.0m | €2.2m | €1.8m | ▼ 18.1% |
| Trade receivables40 | - | €1.0m | €2.0m | €2.2m | €1.8m | ▼ 20.1% |
| Other amounts receivable41 | - | €55,135 | €35,941 | €8,400 | €50,518 | ▲ 501% |
| Cash at bank and in hand54/58 | €260,084 | €72,362 | €53,813 | €1.1m | €789,176 | ▼ 28.4% |
| Deferred charges and accrued income490/1 | - | €9,429 | €26,332 | €17,790 | €16,864 | ▼ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €2.4m | €3.1m | €5.9m | €6.8m | ▲ 14.0% |
| Equity10/15 | €570,734 | €839,423 | €1.0m | €1.7m | €2.4m | ▲ 41.0% |
| Contributions10/11 | - | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Capital10 | - | - | - | €200,000 | €200,000 | = |
| Issued capital100 | - | - | - | €200,000 | €200,000 | = |
| Reserves13 | €245,000 | €245,000 | €245,000 | €255,000 | €255,000 | = |
| Non-distributable reserves130/1 | - | - | - | €20,000 | €20,000 | = |
| Legal reserve130 | - | - | - | €20,000 | €20,000 | = |
| Distributable reserves133 | - | €245,000 | €245,000 | €235,000 | €235,000 | = |
| Profit (loss) carried forward14 | €125,734 | €394,423 | €598,253 | €1.3m | €2.0m | ▲ 55.8% |
| Amounts payable17/49 | €1.2m | €1.6m | €2.1m | €4.2m | €4.3m | ▲ 2.9% |
| Amounts payable after more than one year17 | €191,924 | €139,298 | €98,277 | €35,670 | €1.6m | ▲ 4,345% |
| Financial debts170/4 | - | €35,762 | €98,277 | €35,670 | €10,394 | ▼ 70.9% |
| Trade debts175 | - | €63,150 | - | - | - | - |
| Other amounts payable178/9 | - | €40,386 | - | - | €1.6m | - |
| Amounts payable within one year42/48 | €1.1m | €1.4m | €1.7m | €3.9m | €2.3m | ▼ 42.5% |
| Current portion of amounts payable after more than one year42 | - | €143,031 | €76,497 | €40,753 | €445,272 | ▲ 993% |
| Financial debts43 | - | - | €304,428 | €2.1m | - | - |
| Credit institutions430/8 | - | - | €304,428 | - | - | - |
| Other loans439 | - | - | - | €2.1m | - | - |
| Trade debts44 | €603,701 | €945,586 | €1.0m | €647,511 | €1.0m | ▲ 61.9% |
| Suppliers440/4 | - | €945,586 | €1.0m | €647,511 | €1.0m | ▲ 61.9% |
| Taxes, remuneration and social security45 | - | €223,144 | €285,342 | €603,216 | €274,537 | ▼ 54.5% |
| Taxes450/3 | - | €117,753 | €103,586 | €224,602 | €58,496 | ▼ 74.0% |
| Remuneration and social security454/9 | - | €105,392 | €181,756 | €378,613 | €216,041 | ▼ 42.9% |
| Other amounts payable47/48 | - | €122,238 | - | €600,000 | €500,000 | ▼ 16.7% |
| Accrued charges and deferred income492/3 | - | - | €334,569 | €224,594 | €477,412 | ▲ 113% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,926 | €345,927 | €203,830 | €1.3m | €1.2m | ▼ 5.5% |
| + Depreciation and write-downs630 | €72,182 | €72,092 | €95,537 | €117,044 | €103,444 | ▼ 11.6% |
| Operating cash flow (approximation) | €149,108 | €418,019 | €299,367 | €1.4m | €1.3m | ▼ 6.0% |
| Investment in fixed assets (approximation) | - | -€171,917 | -€85,557 | -€2.2m | -€1.0m | ▲ 53.6% |
| Change in cash | - | -€187,722 | -€18,549 | €1.0m | -€312,628 | ▼ 130% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-06
State Gazette act
Capital & shares · RestructuringMerger · Accounting effect · Real estate13 facts ▸
State Gazette act
Capital & shares · Restructuring
Merger · Accounting effect · Real estate13 facts ▸
- General meeting, 28-05-2026
- Merger, 28-05-2026
- Accounting effect, 01-01-2026
- Real estate, Een bedrijfsgebouw met woongelegenheid, gelegen in industriezone "De Schacht", Mijnwerkerslaan 4, bekend ten kadaster volgens titel en volgens recent uittreksel…
- Real estate, Twee percelen industriegronden gelegen te Koolmijnlaan bekend volgens titel sectie A, deel van nummer 0205W14P0000 met een oppervlakte van 37a 16ca, en volgens…
- Real estate, Een perceel grond gelegen te Mijnwerkerslaan, bekend volgens titel sectie A, deel van nummer 205/K/15P0001 met een oppervlakte van 1a75ca, en volgens recent uit…
- Dissolution, 28-05-2026
- Share cancellation, aandelen van de overgenomen vennootschap
- Power of attorney
- Power of attorney
- Real estate, Photovoltaïsche installatie op het onbebouwd gedeelte van het dak (recht van opstal ten voordele van Belfius Lease, 20 jaar en 8 maanden sedert 1 mei 2010, in l…
- Merger condition, overdracht op basis van de op 31/12/2025 afgesloten boekhoudkundige staat van de overgenomen vennootschap
- +1 further facts in this act
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €2mEq €2.4m ▲41%
7 profitable years in a row build equity to €2.4m.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €1.3m ▲526%
Operating result €1.8m, net result €1.3m, both a record.
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Equity above €1mEq €1.0m ▲24.3%
5 profitable years in a row build equity to €1.0m.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €76,926 ▼67.6%
Net result drops to €76,926, the lowest in the series; recovery starts the following year.
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Equity above €500,000Eq €538,808 ▲55.5%
2 profitable years in a row build equity to €538,808.
Show earlier events
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
09-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-09
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 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Heusden-Zolder · 1 establishment unit since 2014
Ground area
3,928 m²
Building footprint
1,202 m²
Volume, LiDAR
7,692 m³
Parcel 71065A0205/00A019, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Mijnwerkerslaan 4, 3550 Heusden-Zolder
since 20142.235.176.047
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065A0205/00A019 | Flanders | 3,928 m² | 1 · 1,202 m² | 9.0 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.
Structure & network
Part of the group
ELECTRICITE DE FRANCE
66 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
- EDF BELGIUM
- Luminus
- Advices for Technical Systems
- SDM-Technics
Highest known parent: EDF BELGIUM. The sources do not say who stands above it.
Owners 1
-
65%
Holdings 1
-
100%
According to the 2025 annual accounts of SDM-Technics and those 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
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:Tre-Invest
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 59,648 EUR awarded · 59,578 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 30,548 EUR | 30,390 EUR |
| 2024 | 3 | 15,804 EUR | 15,743 EUR |
| 2023 | 2 | 12,303 EUR | 12,452 EUR |
| 2022 | 1 | 993 EUR | 993 EUR |
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Of 155 companies in sector 27120 we hold annual accounts for 113. 73 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
27120Manufacture of electrical equipment
46500Wholesale of information and communication equipment
46643Wholesale of electrical equipment, including installation materials
46646Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0562821516
Registered
16-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.