SDR-Engineering
ActiveSummary
The computed 12-month bankruptcy probability of SDR-Engineering is 1.5% (moderate). The 2025 annual accounts show equity of €325,962 and a net result of €44,633. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 95% of 34,954 sector peers (NACE 43, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-08-2022 Normal situation
- Activity
- General electrical installation work NACE 43211and 5 others
- Establishment units
- 2.334.783.862 5380 Fernelmont, since 12-08-2022
- 2.371.066.119 5032 Gembloux, since 01-02-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 19-02-2025
Board and ownership
- jPi CONSULTDirector · since 12-08-2022 · permanent representative Pisane Jonathan
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.5%
- Gross margin
- €112,185
- ▲ 217%
- Turnover
- ≈ €330,000
- estimated
- Profit
- €44,633
- ▲ 206%
- Equity
- €325,962
- ▼ 12.6%
- Total assets
- €346,674
- ▼ 10.3%
- Staff
- ≈ 1.3 FTE
- estimated
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 2 of the last 3 accounts lateFounded in 2022Size: total assets €346,674lowers riskEquity €325,962 (94.0% of total assets)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 50% on liquidity, 68% on profitability and 22% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 27 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00460409.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is a loss of €54,918, after a profit of €17,381 in 2024. It is the lowest result since 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2024 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 1 |
| On a permanent contract | 1 |
| Joined | 2 |
| Left | 1 |
Source: social balance sheet in the 2024 annual accounts
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €5,723 |
| Intangible fixed assets | - | - | €13,978 | €81,864 |
| Financial fixed assets | - | - | - | €2,287 |
| Depreciation and write-downs of the year | - | - | €474 | €92,926 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €17,524 | €73,711 | ▲ 321% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €474 | €92,926 | ▲ 196× |
| Other operating charges640/8 | - | €64 | €64 | €465 | ▲ 630% |
| Gross operating margin9900 | -€2,764 | €3,834 | €35,443 | €112,185 | ▲ 217% |
| Operating profit (loss)9901 | -€2,764 | €3,771 | €17,381 | -€54,918 | - |
| Financial income75/76B | - | - | €741 | €96,817 | ▲ 131× |
| Recurring financial income75 | - | - | €741 | €96,817 | ▲ 131× |
| Financial charges65/66B | €27 | €54 | €54 | €57 | ▲ 5.6% |
| Recurring financial charges65 | €27 | €54 | €54 | €57 | ▲ 5.6% |
| Profit (loss) for the period before taxes9903 | -€2,791 | €3,717 | €18,068 | €41,843 | ▲ 132% |
| Income taxes67/77 | - | €198 | €3,504 | -€2,791 | - |
| Profit (loss) for the period9904 | -€2,791 | €3,519 | €14,564 | €44,633 | ▲ 206% |
| Profit (loss) for the period to be appropriated9905 | -€2,791 | €3,519 | €14,564 | €44,633 | ▲ 206% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €6,812 | €25,108 | €386,446 | €346,674 | ▼ 10.3% |
| Fixed assets21/28 | - | - | €13,504 | €10,452 | ▼ 22.6% |
| Intangible fixed assets21 | - | - | €13,504 | €4,000 | ▼ 70.4% |
| Tangible fixed assets22/27 | - | - | - | €4,166 | - |
| Furniture and vehicles24 | - | - | - | €4,166 | - |
| Financial fixed assets28 | - | - | - | €2,287 | - |
| Current assets29/58 | €6,812 | €25,108 | €372,942 | €336,222 | ▼ 9.8% |
| Amounts receivable after more than one year29 | - | - | €266,696 | €186,533 | ▼ 30.1% |
| Other amounts receivable291 | - | - | €266,696 | €186,533 | ▼ 30.1% |
| Amounts receivable within one year40/41 | €4,281 | €20,570 | €89,172 | €133,988 | ▲ 50.3% |
| Trade receivables40 | - | €20,570 | - | €40,000 | - |
| Other amounts receivable41 | €4,281 | - | €89,172 | €93,988 | ▲ 5.4% |
| Cash at bank and in hand54/58 | €2,531 | €4,538 | €13,258 | €11,949 | ▼ 9.9% |
| Deferred charges and accrued income490/1 | - | - | €3,815 | €3,752 | ▼ 1.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €6,812 | €25,108 | €386,446 | €346,674 | ▼ 10.3% |
| Equity10/15 | €209 | €3,728 | €373,146 | €325,962 | ▼ 12.6% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€2,791 | €728 | €15,292 | €59,925 | ▲ 292% |
| Investment grants15 | - | - | €354,854 | €263,036 | ▼ 25.9% |
| Amounts payable17/49 | €6,603 | €21,380 | €13,300 | €20,712 | ▲ 55.7% |
| Amounts payable within one year42/48 | €6,603 | €21,380 | €13,300 | €20,712 | ▲ 55.7% |
| Trade debts44 | €6,588 | €24 | €5,013 | €11,072 | ▲ 121% |
| Suppliers440/4 | €6,588 | €24 | €5,013 | €11,072 | ▲ 121% |
| Advances received on contracts in progress46 | - | €17,000 | - | - | - |
| Taxes, remuneration and social security45 | - | €4,356 | €8,287 | €9,641 | ▲ 16.3% |
| Taxes450/3 | - | €4,356 | €5,889 | €14 | ▼ 99.8% |
| Remuneration and social security454/9 | - | - | €2,398 | €9,626 | ▲ 301% |
| Other amounts payable47/48 | €15 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,791 | €3,519 | €14,564 | €44,633 | ▲ 206% |
| + Depreciation and write-downs630 | - | - | €474 | €92,926 | ▲ 196× |
| Operating cash flow (approximation) | -€2,791 | €3,519 | €15,038 | €137,560 | ▲ 815% |
| Investment in fixed assets (approximation) | - | - | - | -€89,874 | - |
| Change in cash | - | €2,007 | €8,720 | -€1,309 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as SDR-Engineering has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SDR-Engineering itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 SDR-Engineering. 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.
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Shareholders
- AZARIAN Sylvain 22 shares (22%) · €660
- BROSSARD Lucien 22 shares (22%) · €660
- Pisane Jonathan 56 shares (56%) · €1,680
Capital transactions
- 17-08-2022 Incorporation · €3,000 · 100 shares
Network & group
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
17-08
Gazette deed
IncorporationStarting capital €3,000 · Appointment: jPi Consult (director) · Permanent representative: Pisane Jonathan · Board rule17 points ▸
- General meeting, “fixer_nombre_administrateurs_commissaires_nomination_premiere_AG_premier_exercice, societe constituee reunion immediate” (deed in French)
- Board rule, 1
- Director appointment, jPi Consult (director)
- Permanent representative, Pisane Jonathan (representant permanent)
- Registered office clause, “5380 Fernelmont,Rue de la Chasse 102” (deed in French)
- Board meeting, “unanimite, tous administrateurs presents representes” (deed in French)
- Pre-incorporation commitments, ratification, “toutes operations comparants nom societe formation depuis ce jour” (deed in French)
- Founder, AZARIAN Sylvain
- Founder, BROSSARD Lucien
- Founder, Pisane Jonathan
- Power of attorney, Pisane Jonathan
- Other provision, “capacité des comparants” (deed in French)
- The act holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
4 activities
- La fourniture et le développement de produits et services permettant l'acquisition et le traitement de données radiofréquence, et ce pour tous les domaines d'activité.
- Les premiers domaines concernés sont le ferroviaire et la défense.
- Les produits sont de nature logicielle et/ou matérielle.
- Les services comprennent tant les aspects de définition de solutions (consultance, R&D, etc.) que la servitisation des produits (mouvance industrie 4.0/SaaS).
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0789.641.366
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92065B0052/00T000 | Wallonia | 5,663 m² | 1 · 321 m² | 9.2 m · 3 |
| 92084C0191/00G000 | Wallonia | 1,609 m² | 1 · 129 m² | 8.3 m · 2 |