SDS technics
ActiveSummary
SDS technics has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73k and a net result of €5k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-53
Solvency55▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.19 in 2024; short-term debt: 64% and cash: 16.7% of total assets), and 70.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
29.8%
Return on assets
2%
Age of the figures
15 mo
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
on the day
2022
on the day
2021
4 d early
2020
2 d early
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€73k▲ 7.0%
2024 · €68k
2019: €65klowest in 7 years
2020: €68k▲ +5.2% vs 2019
2021: €84k▲ +23.1% vs 2020
2022: €87k▲ +3.7% vs 2021
2023: €94k▲ +8.1% vs 2022highest in 7 years
2024: €68k▼ -27.8% vs 2023
2025: €73k▲ +7.0% vs 2024
2019 → 2025
Total assets
€244k▼ 13.7%
2024 · €283k
2019: €195k
2020: €198k▲ +1.5% vs 2019
2021: €258k▲ +30.3% vs 2020
2022: €231k▼ -10.4% vs 2021
2023: €179k▼ -22.4% vs 2022lowest in 7 years
2024: €283k▲ +57.8% vs 2023highest in 7 years
2025: €244k▼ -13.7% vs 2024
2019 → 2025
Net result
€5k▼ 96.6%
2024 · €141k
2019: €64k
2020: €7k▼ -89.2% vs 2019
2021: €91k▲ +1209% vs 2020
2022: €577▼ -99.4% vs 2021lowest in 7 years
2023: €7k▲ +1126% vs 2022
2024: €141k▲ +1892% vs 2023highest in 7 years
2025: €5k▼ -96.6% vs 2024
2019 → 2025
Working capital
€52k▲ 38.7%
2024 · €37k
2019: €59k
2020: €134k▲ +129% vs 2019highest in 7 years
2021: €106k▼ -20.9% vs 2020
2022: €80k▼ -24.4% vs 2021
2023: €81k▲ +0.6% vs 2022
2024: €37k▼ -53.8% vs 2023lowest in 7 years
2025: €52k▲ +38.7% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€84k-€87k▲ 3.7%€94k▲ 8.1%€68k▼ 27.8%€73k▲ 7.0%
2021: €84k
2022: €87k▲ +3.7% vs 2021
2023: €94k▲ +8.1% vs 2022highest in 5 years
2024: €68k▼ -27.8% vs 2023lowest in 5 years
2025: €73k▲ +7.0% vs 2024
Operating result€100k-€3k▼ 97.1%€15k▲ 425%€157k▲ 944%€13k▼ 91.8%
2021: €100k
2022: €3k▼ -97.1% vs 2021lowest in 5 years
2023: €15k▲ +425% vs 2022
2024: €157k▲ +944% vs 2023highest in 5 years
2025: €13k▼ -91.8% vs 2024
Net result€91k-€577▼ 99.4%€7k▲ 1,126%€141k▲ 1,892%€5k▼ 96.6%
2021: €91k
2022: €577▼ -99.4% vs 2021lowest in 5 years
2023: €7k▲ +1126% vs 2022
2024: €141k▲ +1892% vs 2023highest in 5 years
2025: €5k▼ -96.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 92% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €244k
Fixed assets
€36k ▼ 31.3%
Current assets
€208k ▼ 9.6%
Equity and liabilities €244k
Equity
€73k ▲ 7.0%
Debt
€172k ▼ 20.2%
Debt's share of the balance-sheet total falls from 76.0% to 70.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29k▼
2024 · €170k
Cash flow
€21k▼
2024 · €154k
Current ratio
1.33▲
2024 · 1.19
Quick ratio
1.31▲
2024 · 1.18
Debt to equity
2.35▼
2024 · 3.16
ROE
6.6%▼
2024 · 206.8%
ROA
2.0%▼
2024 · 49.7%
Interest coverage
3.13▼
2024 · 17.38
Debt ≤ 1 year
€156k▼
2024 · €193k
Debt > 1 year
€15k▼
2024 · €22k
Income taxes
€4k▼
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€283k€244k▼
Fixed assets21/28€53k€36k▼
Tangible fixed assets22/27€53k€36k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€5k€3k▼
Leasing and similar rights25€46k€32k▼
Current assets29/58€230k€208k▼
Stocks and contracts in progress3€3k€3k▲
Stocks30/36€3k€3k▲
Amounts receivable within one year40/41€112k€160k▲
Trade receivables40€47k€71k▲
Other amounts receivable41€65k€89k▲
Cash at bank and in hand54/58€112k€41k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€283k€244k▼
Equity10/15€68k€73k▲
Contributions10/11€18k€18k=
Reserves13€49k€54k▲
Distributable reserves133€49k€54k▲
Profit (loss) carried forward14€2k€2k=
Amounts payable17/49€215k€172k▼
Amounts payable after more than one year17€22k€15k▼
Financial debts170/4€22k€15k▼
Amounts payable within one year42/48€193k€156k▼
Current portion of amounts payable after more than one year42€11k€7k▼
Trade debts44€45k€16k▼
Suppliers440/4€45k€16k▼
Taxes, remuneration and social security45€12k€8k▼
Taxes450/3€12k€8k▼
Other amounts payable47/48€125k€125k=
Income statement
Code20242025
Non-recurring operating income76A€12k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€16k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€172k€31k▼
Operating profit (loss)9901€157k€13k▼
Financial income75/76B€887€5k▲
Recurring financial income75€887€5k▲
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€148k€8k▼
Income taxes67/77€7k€4k▼
Profit (loss) for the period9904€141k€5k▼
Profit (loss) for the period to be appropriated9905€141k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€143k€7k▼
Profit (loss) brought forward from the previous period14P€2k€2k▲
Transfer from equity791/2€42k-
Transfer to equity691/2€16k€5k▼
To other reserves6921€16k€5k▼
Profit to be distributed694/7€167k-
Return on contributions (dividend)694€42k-
Directors or managers695€125k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €12k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €8k | €11k | €13k | €16k | ▲ 26.4% |
| Other operating charges640/8 | - | €2k | €2k | €3k | €2k | ▼ 32.8% |
| Gross operating margin9900 | €111k | €12k | €28k | €172k | €31k | ▼ 82.0% |
| Operating profit (loss)9901 | €100k | €3k | €15k | €157k | €13k | ▼ 91.8% |
| Financial income75/76B | - | €7k | €5k | €887 | €5k | ▲ 466% |
| Recurring financial income75 | €4k | €7k | €5k | €887 | €5k | ▲ 466% |
| Financial charges65/66B | - | €6k | €8k | €10k | €9k | ▼ 3.9% |
| Recurring financial charges65 | €5k | €6k | €8k | €10k | €9k | ▼ 3.9% |
| Profit (loss) for the period before taxes9903 | €99k | €4k | €12k | €148k | €8k | ▼ 94.3% |
| Income taxes67/77 | €8k | €3k | €5k | €7k | €4k | ▼ 48.1% |
| Profit (loss) for the period9904 | €91k | €577 | €7k | €141k | €5k | ▼ 96.6% |
| Transfer from tax-exempt reserves789 | - | €1k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €91k | €2k | €7k | €141k | €5k | ▼ 96.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €258k | €231k | €179k | €283k | €244k | ▼ 13.7% |
| Fixed assets21/28 | €24k | €18k | €18k | €53k | €36k | ▼ 31.3% |
| Tangible fixed assets22/27 | €24k | €18k | €18k | €53k | €36k | ▼ 31.3% |
| Plant, machinery and equipment23 | - | €1k | €2k | €2k | €1k | ▼ 34.6% |
| Furniture and vehicles24 | - | €2k | €7k | €5k | €3k | ▼ 41.9% |
| Leasing and similar rights25 | - | €15k | €9k | €46k | €32k | ▼ 30.0% |
| Current assets29/58 | €234k | €213k | €161k | €230k | €208k | ▼ 9.6% |
| Stocks and contracts in progress3 | €4k | €3k | €2k | €3k | €3k | ▲ 20.9% |
| Stocks30/36 | - | €3k | €2k | €3k | €3k | ▲ 20.9% |
| Amounts receivable within one year40/41 | €132k | €158k | €108k | €112k | €160k | ▲ 42.9% |
| Trade receivables40 | - | €83k | €21k | €47k | €71k | ▲ 51.1% |
| Other amounts receivable41 | - | €75k | €87k | €65k | €89k | ▲ 37.0% |
| Cash at bank and in hand54/58 | €98k | €47k | €48k | €112k | €41k | ▼ 63.8% |
| Deferred charges and accrued income490/1 | - | €4k | €3k | €3k | €4k | ▲ 28.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €258k | €231k | €179k | €283k | €244k | ▼ 13.7% |
| Equity10/15 | €84k | €87k | €94k | €68k | €73k | ▲ 7.0% |
| Contributions10/11 | - | €18k | €18k | €18k | €18k | = |
| Reserves13 | €69k | €68k | €75k | €49k | €54k | ▲ 9.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €66k | €73k | €49k | €54k | ▲ 9.8% |
| Profit (loss) carried forward14 | €81 | €2k | €2k | €2k | €2k | = |
| Amounts payable17/49 | €174k | €144k | €85k | €215k | €172k | ▼ 20.2% |
| Amounts payable after more than one year17 | €17k | €11k | €5k | €22k | €15k | ▼ 31.0% |
| Financial debts170/4 | - | €11k | €5k | €22k | €15k | ▼ 31.0% |
| Amounts payable within one year42/48 | €127k | €133k | €80k | €193k | €156k | ▼ 19.0% |
| Current portion of amounts payable after more than one year42 | - | €5k | €6k | €11k | €7k | ▼ 39.2% |
| Trade debts44 | €27k | €45k | €61k | €45k | €16k | ▼ 64.1% |
| Suppliers440/4 | - | €45k | €61k | €45k | €16k | ▼ 64.1% |
| Taxes, remuneration and social security45 | - | €7k | €13k | €12k | €8k | ▼ 29.2% |
| Taxes450/3 | - | €6k | €11k | €12k | €8k | ▼ 29.2% |
| Remuneration and social security454/9 | - | €1k | €3k | - | - | - |
| Other amounts payable47/48 | - | €75k | - | €125k | €125k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91k | €577 | €7k | €141k | €5k | ▼ 96.6% |
| + Depreciation and write-downs630 | €9k | €8k | €11k | €13k | €16k | ▲ 26.4% |
| Operating cash flow (approximation) | €99k | €8k | €18k | €154k | €21k | ▼ 86.2% |
| Investment in fixed assets (approximation) | - | €-1k | €-11k | €-48k | €0 | ▲ 100% |
| Change in cash | - | €-51k | €528 | €65k | €-72k | ▼ 211% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €141k ▲1,892%
Operating result €157k, net result €141k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €577 ▼99.4%
Net result drops to €577, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Liquidity quadruplescurrent ratio 5.13
Current ratio from 1.45 to 5.13; short-term debt falls from €130k to €33k.
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
7 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, Zulte · 1 establishment unit since 2004
Ground area
732 m²
Building footprint
101 m²
Volume, LiDAR
520 m³
Parcel 44081C0271/00P000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SDS technics BVBA
since 20042.135.628.016
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081C0271/00P000 | Flanders | 732 m² | 1 · 101 m² | 7.8 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 99 EUR awarded · 99 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 99 EUR | 99 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 3,050 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-12-2003
Fiscal year end30-06
Activities, NACEBEL 2025
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.