Summary
SDS-SOLUTION is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €221,459 and a net result of €34,039. Equity has been growing by about 25% per year since 2019. Its solvency ranks better than 35% of 9,754 sector peers (NACE 64, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-06-2015 Normal situation
- Activity
- Activities of holding companies NACE 64210and 2 others
- Establishment unit
- 2.242.726.211 1790 Affligem, since 04-06-2015
- Financial year end
- 30 June
- Peppol
- Reachable since 24-11-2023
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts to 30-06-2025
- Profit
- €34,039
- ▼ 50.6%
- Equity
- €221,459
- ▼ 47.5%
- Total assets
- €677,911
- ▼ 6.4%
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 07-01-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 days early
2024
16 days early
2023
21 days early
2022
18 days early
2021
19 days early
2020
9 days early
2019
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 12 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end04-11-2026 today31-01-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 07-01-2026 PDF all 10 filings
Equity
€221,459▼ 47.5%
2024 · €421,922
Net result
€34,039▼ 50.6%
2024 · €68,933
Total assets
€677,911▼ 6.4%
2024 · €724,227
Solvency
32.7%▼ 25.6pp
2024 · 58.3%
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€100,412
▼ 5.4%
2025
20192025
Net result
€34,039
▼ 50.6%
2025
middle half of the sector
20192025
Equity
€221,459
▼ 47.5%
2025
middle half of the sector
20192025
Total assets
€677,911
▼ 6.4%
2025
middle half of the sector
20192025
Debt
€456,452
▲ 51.0%
2025
20192025
Working capital
€11,310
▼ 95.1%
2025
middle half of the sector
20192025
Solvency
32.7%
▼ 25.6pp
2025
middle half of the sector
20192025
Current ratio
1.04
▼ 2.06
2025
middle half of the sector
20192025
Return on assets (ROA)
5.0%
▼ 4.5pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€51,387-€106,223▲ 107%€83,761▼ 21.1%€102,041▲ 21.8%€103,393▲ 1.3%€106,141▲ 2.7%€100,412▼ 5.4%
Net result€34,740-€71,481above the sector's middle half▲ 106%€73,368above the sector's middle half▲ 2.6%€67,953within the sector's middle half▼ 7.4%€73,574within the sector's middle half▲ 8.3%€68,933within the sector's middle half▼ 6.3%€34,039within the sector's middle half▼ 50.6%
Equity€107,553-€179,034within the sector's middle half▲ 66.5%€252,401within the sector's middle half▲ 41.0%€320,354within the sector's middle half▲ 26.9%€393,928within the sector's middle half▲ 23.0%€421,922above the sector's middle half▲ 7.1%€221,459within the sector's middle half▼ 47.5%
Total assets€366,409-€333,949within the sector's middle half▼ 8.9%€569,095within the sector's middle half▲ 70.4%€676,855within the sector's middle half▲ 18.9%€722,414within the sector's middle half▲ 6.7%€724,227within the sector's middle half▲ 0.3%€677,911within the sector's middle half▼ 6.4%
Debt€258,857-€154,915▼ 40.2%€316,694▲ 104%€356,501▲ 12.6%€328,486▼ 7.9%€302,306▼ 8.0%€456,452▲ 51.0%
Working capital€77,125-€161,338above the sector's middle half▲ 109%€162,585above the sector's middle half▲ 0.8%€190,801above the sector's middle half▲ 17.4%€214,675above the sector's middle half▲ 12.5%€231,130above the sector's middle half▲ 7.7%€11,310within the sector's middle half▼ 95.1%
Solvency29.4%-53.6%within the sector's middle half▲ 24.3pp44.4%within the sector's middle half▼ 9.3pp47.3%within the sector's middle half▲ 3.0pp54.5%within the sector's middle half▲ 7.2pp58.3%within the sector's middle half▲ 3.7pp32.7%within the sector's middle half▼ 25.6pp
Current ratio1.33-2.11within the sector's middle half▲ 0.783.75within the sector's middle half▲ 1.643.58within the sector's middle half▼ 0.173.36within the sector's middle half▼ 0.223.10within the sector's middle half▼ 0.261.04within the sector's middle half▼ 2.06
Return on assets (ROA)9.5%-21.4%above the sector's middle half▲ 11.9pp12.9%within the sector's middle half▼ 8.5pp10.0%within the sector's middle half▼ 2.9pp10.2%within the sector's middle half▲ 0.1pp9.5%within the sector's middle half▼ 0.7pp5.0%within the sector's middle half▼ 4.5pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 5% lower than in 2024.
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
2025 in colour, 2024 as the grey bar beneath
Assets €677,911
Fixed assets
€355,588 ▼ 7.2%
Current assets
€322,323 ▼ 5.5%
Equity and liabilities €677,911
Equity
€221,459 ▼ 47.5%
Debt
€456,452 ▲ 51.0%
Debt's share of the balance-sheet total rises from 41.7% to 67.3%. Equity is lower and debt is higher.
Key figures and ratios
ROE
15.4%▼
2024 · 16.3%
Debt ≤ 1 year
€311,013▲
2024 · €110,048
Debt > 1 year
€145,438▼
2024 · €191,733
Income taxes
€24,843▼
2024 · €35,306
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €94,225 | €34,725 | €2,566 | €37,027 |
| Financial fixed assets | €5,000 | - | - | - |
| Depreciation and write-downs of the year | €34,433 | €30,150 | €31,208 | €22,952 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7,240 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,831 | €16,765 | €51,862 | €34,433 | €30,150 | €31,208 | €22,952 | ▼ 26.5% |
| Other operating charges640/8 | - | - | - | €1,369 | €3,554 | €7,189 | €6,511 | ▼ 9.4% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €1,538 | - |
| Gross operating margin9900 | €68,671 | €123,663 | €136,334 | €137,844 | €137,097 | €144,537 | €131,413 | ▼ 9.1% |
| Operating profit (loss)9901 | €51,387 | €106,223 | €83,761 | €102,041 | €103,393 | €106,141 | €100,412 | ▼ 5.4% |
| Financial income75/76B | - | - | - | €321 | €4,272 | €2,860 | €3,660 | ▲ 27.9% |
| Recurring financial income75 | - | €0 | €500 | €321 | €4,272 | €2,860 | €3,660 | ▲ 27.9% |
| Financial charges65/66B | - | - | - | €6,536 | €4,696 | €4,761 | €45,190 | ▲ 849% |
| Recurring financial charges65 | €518 | €424 | €2,753 | €4,781 | €4,696 | €4,761 | €45,190 | ▲ 849% |
| Non-recurring financial charges66B | - | - | - | €1,755 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €50,869 | €105,799 | €99,007 | €95,827 | €102,969 | €104,240 | €58,882 | ▼ 43.5% |
| Income taxes67/77 | €16,129 | €34,318 | €25,639 | €27,874 | €29,396 | €35,306 | €24,843 | ▼ 29.6% |
| Profit (loss) for the period9904 | €34,740 | €71,481 | €73,368 | €67,953 | €73,574 | €68,933 | €34,039 | ▼ 50.6% |
| Profit (loss) for the period to be appropriated9905 | €34,740 | €93,181 | €73,368 | €67,953 | €73,574 | €68,933 | €34,039 | ▼ 50.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €366,409 | €333,949 | €569,095 | €676,855 | €722,414 | €724,227 | €677,911 | ▼ 6.4% |
| Fixed assets21/28 | €52,800 | €26,689 | €347,324 | €412,116 | €416,692 | €383,050 | €355,588 | ▼ 7.2% |
| Tangible fixed assets22/27 | €32,800 | €16,689 | €347,324 | €407,116 | €411,692 | €383,050 | €355,588 | ▼ 7.2% |
| Land and buildings22 | - | - | - | €321,289 | €321,341 | €310,996 | €300,652 | ▼ 3.3% |
| Plant, machinery and equipment23 | - | - | - | €491 | €57 | - | - | - |
| Furniture and vehicles24 | - | - | - | €80,662 | €61,804 | €45,406 | €30,130 | ▼ 33.6% |
| Other tangible fixed assets26 | - | - | - | €4,673 | €28,490 | €26,648 | €24,806 | ▼ 6.9% |
| Financial fixed assets28 | €20,000 | €10,000 | - | €5,000 | €5,000 | - | - | - |
| Current assets29/58 | €313,609 | €307,259 | €221,771 | €264,739 | €305,722 | €341,177 | €322,323 | ▼ 5.5% |
| Amounts receivable within one year40/41 | €272,056 | €141,780 | €40,153 | €66,527 | €66,940 | €27,331 | €30,683 | ▲ 12.3% |
| Trade receivables40 | - | - | - | €43,560 | €44,931 | €21,780 | €21,780 | = |
| Other amounts receivable41 | - | - | - | €22,967 | €22,010 | €5,551 | €8,903 | ▲ 60.4% |
| Current investments50/53 | - | - | - | €25,171 | €28,812 | €82,917 | €47,833 | ▼ 42.3% |
| Cash at bank and in hand54/58 | €29,773 | €157,604 | €171,819 | €168,151 | €207,537 | €229,072 | €222,966 | ▼ 2.7% |
| Deferred charges and accrued income490/1 | - | - | - | €4,890 | €2,433 | €1,856 | €20,841 | ▲ 11× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €366,409 | €333,949 | €569,095 | €676,855 | €722,414 | €724,227 | €677,911 | ▼ 6.4% |
| Equity10/15 | €107,553 | €179,034 | €252,401 | €320,354 | €393,928 | €421,922 | €221,459 | ▼ 47.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | - | - | - |
| Reserves13 | €58,300 | €129,781 | €246,201 | €314,154 | €387,728 | €421,922 | €221,459 | ▼ 47.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €312,294 | €385,868 | €420,062 | €219,599 | ▼ 47.7% |
| Profit (loss) carried forward14 | €43,053 | €43,053 | - | - | - | - | - | - |
| Amounts payable17/49 | €258,857 | €154,915 | €316,694 | €356,501 | €328,486 | €302,306 | €456,452 | ▲ 51.0% |
| Amounts payable after more than one year17 | €22,372 | €8,994 | €257,508 | €282,564 | €237,439 | €191,733 | €145,438 | ▼ 24.1% |
| Financial debts170/4 | - | - | - | €282,564 | €237,439 | €191,733 | €145,438 | ▼ 24.1% |
| Amounts payable within one year42/48 | €236,485 | €145,921 | €59,186 | €73,937 | €91,047 | €110,048 | €311,013 | ▲ 183% |
| Current portion of amounts payable after more than one year42 | - | - | - | €44,550 | €45,124 | €45,706 | €46,295 | ▲ 1.3% |
| Financial debts43 | - | - | - | €17,551 | €17,645 | €17,713 | €17,206 | ▼ 2.9% |
| Credit institutions430/8 | - | - | - | €17,551 | €17,645 | €17,713 | €17,206 | ▼ 2.9% |
| Trade debts44 | €1,881 | €2,580 | €9,873 | €605 | €11,244 | €455 | - | - |
| Suppliers440/4 | - | - | - | €605 | €11,244 | €455 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €11,232 | €17,033 | €13,171 | €26,856 | ▲ 104% |
| Taxes450/3 | - | - | - | €11,232 | €14,053 | €13,171 | €26,856 | ▲ 104% |
| Remuneration and social security454/9 | - | - | - | - | €2,980 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €33,003 | €220,657 | ▲ 569% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €525 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,740 | €71,481 | €73,368 | €67,953 | €73,574 | €68,933 | €34,039 | ▼ 50.6% |
| + Depreciation and write-downs630 | €16,831 | €16,765 | €51,862 | €34,433 | €30,150 | €31,208 | €22,952 | ▼ 26.5% |
| Operating cash flow (approximation) | €51,571 | €88,246 | €125,230 | €102,386 | €103,724 | €100,141 | €56,991 | ▼ 43.1% |
| Investment in fixed assets (approximation) | - | €9,346 | -€372,497 | -€99,225 | -€34,725 | €2,434 | €4,510 | ▲ 85.3% |
| Change in cash | - | €127,831 | €14,214 | -€3,668 | €39,387 | €21,535 | -€6,106 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 07-01-2026 | 2026-00003018 | |
| 30-06-2024 | micro format | 15-01-2025 | 2025-00005059 | |
| 30-06-2023 | micro format | 10-01-2024 | 2024-00546303 | |
| 30-06-2022 | micro format | 13-01-2023 | 2023-20558283 | |
| 30-06-2021 | micro format | 12-01-2022 | 2022-00800060 | |
| 30-06-2020 | micro format | 22-01-2021 | 2021-01400513 | |
| 30-06-2019 | micro format | 07-01-2020 | 2020-00400042 | |
| 30-06-2018 | micro format | 30-01-2019 | 2019-03500477 | |
| 30-06-2017 | micro format | 30-01-2018 | 2018-03500151 | |
| 30-06-2016 | abbreviated format | 16-12-2016 | 2016-70100093 |
Board & ownership
Directors
Directors
1 director, last change in 2022
HENDRICKX Danny
Current
Director · appointed in the act of 30-05-2022 · listed in the 2025 annual accounts, filed on 07-01-2026
Owners and capital
Capital transactions
Capital over time
- 30-05-2022 Converted to unavailable equity · €8,060
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1”
Articles of association, deed of 30-05-2022 (in Dutch)
Network & group
SDS-SOLUTION shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of SDS-SOLUTION. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
07-01
micro format · 24 days before the deadline
2025
30-06
Financial
Weakest financial yearnet €34,039 ▼50.6%
The net result drops to €34,039, the lowest from 2019 to 2025.
15-01
micro format · 16 days before the deadline
2024
10-01
micro format · 21 days before the deadline
2023
30-06
Financial
Highest result from 2019 to 2025net €73,574 ▲8.3%
The net result of €73,574 is the highest of those years.
13-01
micro format · 18 days before the deadline
2022
30-05
Gazette deed
Appointment: HENDRICKX Danny (director)Legal-form conversion · Capital conversion · Reserve release8 points ▸
Gazette deed
Appointment: HENDRICKX Danny (director)
Legal-form conversion · Capital conversion · Reserve release8 points ▸
- General meeting, 13-05-2022
- Legal-form conversion, “besloten vennootschap (BV)” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van de statutenwijziging, opheffing” (deed in Dutch)
- Amendment of the articles
- Director appointment, HENDRICKX Danny (director)
- Registered office clause, “1790 Affligem,Brusselbaan 352b” (deed in Dutch)
- Power of attorney, mentioned 2 times in the deed
12-01
micro format · 19 days before the deadline
2021
30-06
Financial
Equity above €200,000equity €252,401 ▲41%
With a profit in every financial year since 2019, equity grows to €252,401.
22-01
micro format · 9 days before the deadline
2020
30-06
Financial
Equity above €150,000equity €179,034 ▲66.5%
With a profit in every financial year since 2019, equity grows to €179,034.
07-01
micro format · 24 days before the deadline
Show earlier events
2019
30-01
micro format · 1 day before the deadline
2018
30-01
micro format · 1 day before the deadline
2016
16-12
abbreviated format · 46 days before the deadline
2015
08-06
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
SDS-SOLUTION in Dutch
Enterprise number
0631.764.364
Legal form
Private limited company
Status
Active, normale toestand
Founded
04-06-2015
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 30-05-2022 (in Dutch)Registered office and establishments
Registered office
Brusselbaan 352B, 1790 Affligem, Belgium
Establishment unit
SDS-SOLUTION, Brusselbaan 352B, 1790 Affligem since 04-06-2015 · unit number 2.242.726.2117010001 Activities of head offices
Activities
NACEBEL 202564210
Activities of holding companies main activity
70200
Business and other management consultancy
82990
Other business support services
Codes under NACEBEL 2008
64200
Holdings main activity
70220
Business consulting
82990
Other business support services
Invoicing and payment
VAT number
BE 0631.764.364
Financial year and general meeting
Accounts at the NBBFinancial year end
30-06
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“TITEL V. ALGEMENE VERGADERING Artikel 15. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…”
deed of 30-05-2022 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
504 m²
Building footprint
104 m²
Building volume
821 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23021A0217/00G004 | Flanders | 504 m² | 1 · 104 m² | 12.1 m · 3 |