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SFD Solutions

Active
Private limited companyfounded 20215 yrs activeEngelstraat(ICH) 170, 8480 Ichtegem, BelgiumKBO/BCE: BE 0771.412.987
Summary

The computed 12-month bankruptcy probability of SFD Solutions is 2.3% (moderate). The 2025 annual accounts show equity of €5,905 and a net result of €10,369. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 28254 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency40▲+40
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 28254 sector peers (2025).
NBB · sector comparison
Position among 28254 sector peers
Solvency
better than 17%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
34 d early
2024
30 d early
2023
32 d early
2022
51 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 14 July 2021, SFD Solutions was incorporated as a Private limited company.1 Total assets went from EUR 5,575 in 2022 to EUR 40,312 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€5,905
2024 · -€4,464
Total assets
€40,312▲ 434%
2024 · €7,552
Net result
€10,369
2024 · -€1,571
Working capital
-€14,500▼ 199%
2024 · -€4,854
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line2022202320242025
Operating result-€2,638--€1,737▲ 34.2%-€1,248▲ 28.1%€17,049
Net result-€2,691below the sector's middle half--€2,703below the sector's middle half▼ 0.4%-€1,571below the sector's middle half▲ 41.9%€10,369within the sector's middle half
Equity-€191below the sector's middle half--€2,894below the sector's middle half▼ 1,413%-€4,464below the sector's middle half▼ 54.3%€5,905below the sector's middle half
Total assets€5,575below the sector's middle half-€1,501below the sector's middle half▼ 73.1%€7,552below the sector's middle half▲ 403%€40,312below the sector's middle half▲ 434%
Debt€5,766-€4,395▼ 23.8%€12,016▲ 173%€34,407▲ 186%
Working capital-€191below the sector's middle half--€3,672below the sector's middle half▼ 1,820%-€4,854below the sector's middle half▼ 32.2%-€14,500below the sector's middle half▼ 199%
Solvency-3.4%below the sector's middle half--59.1%below the sector's middle half14.6%below the sector's middle half▲ 73.8pp
Current ratio0.97below the sector's middle half-0.60below the sector's middle half0.58below the sector's middle half▼ 0.02
Return on assets (ROA)-48.3%below the sector's middle half--20.8%below the sector's middle half25.7%above the sector's middle half▲ 46.5pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000€15,000Operating result 2022: -€2,638-€2,638Net result 2022: -€2,691-€2,691Operating result 2023: -€1,737-€1,737Net result 2023: -€2,703-€2,703Operating result 2024: -€1,248-€1,248Net result 2024: -€1,571-€1,571Operating result 2025: €17,049€17,049Net result 2025: €10,369€10,3692022202320242025-€5,000€0€5,000€10,000€15,000Operating result 2023: -€1,737-€1,740Net result 2023: -€2,703-€2,700Operating result 2024: -€1,248-€1,250Net result 2024: -€1,571-€1,570Operating result 2025: €17,049€17,000Net result 2025: €10,369€10,400202320242025
The operating result returns to profit in 2025: €17,049 after a loss of €1,248 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40,312
Fixed assets €20,405 ▲ 5,130%
Current assets €19,907 ▲ 178%
Equity and liabilities €40,312
Equity €5,905
Debt €34,407
Debt finances 85.4% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€18,885▲
2024 · -€860
Cash flow
€12,206▲
2024 · -€1,183
Debt to equity
5.83▲
2024 · -2.69
ROE
175.6%
Interest coverage
9.35▲
2024 · -5.29
Debt ≤ 1 year
€34,407▲
2024 · €12,016
Income taxes
€4,815▲
2024 · €161
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.7% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 6,706 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€7,552€40,312▲
Fixed assets21/28€390€20,405▲
Tangible fixed assets22/27€390€20,405▲
Furniture and vehicles24€390€20,405▲
Current assets29/58€7,162€19,907▲
Amounts receivable within one year40/41€3,750€13,225▲
Trade receivables40€3,750€13,225▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€3,412€5,839▲
Deferred charges and accrued income490/1-€843
Equity and liabilities
Total equity and liabilities10/49€7,552€40,312▲
Equity10/15-€4,464€5,905▲
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14-€6,964€3,405▲
Amounts payable17/49€12,016€34,407▲
Amounts payable within one year42/48€12,016€34,407▲
Trade debts44€1,692€8,567▲
Suppliers440/4€1,692€8,567▲
Taxes, remuneration and social security45€196€8,066▲
Taxes450/3€196€6,666▲
Remuneration and social security454/9-€1,400
Other amounts payable47/48€10,128€17,773▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€388€1,837▲
Other operating charges640/8€742€1,712▲
Gross operating margin9900-€119€20,597▲
Operating profit (loss)9901-€1,248€17,049▲
Financial income75/76B€2€154▲
Recurring financial income75€2€154▲
Financial charges65/66B€163€2,019▲
Recurring financial charges65€163€2,019▲
Profit (loss) for the period before taxes9903-€1,409€15,184▲
Income taxes67/77€161€4,815▲
Profit (loss) for the period9904-€1,571€10,369▲
Profit (loss) for the period to be appropriated9905-€1,571€10,369▲
Appropriation of the result
Profit (loss) to be appropriated9906-€6,964€3,405▲
Profit (loss) brought forward from the previous period14P-€5,394-€6,964▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,757€386€388€1,837▲ 373%
Other operating charges640/8-€175€742€1,712▲ 131%
Gross operating margin9900€119-€1,176-€119€20,597▲ 17,474%
Operating profit (loss)9901-€2,638-€1,737-€1,248€17,049▲ 1,466%
Financial income75/76B-€48€2€154▲ 9,091%
Recurring financial income75-€48€2€154▲ 9,091%
Financial charges65/66B€37€1,013€163€2,019▲ 1,140%
Recurring financial charges65€37€1,013€163€2,019▲ 1,140%
Profit (loss) for the period before taxes9903-€2,675-€2,703-€1,409€15,184▲ 1,177%
Income taxes67/77€16€0€161€4,815▲ 2,888%
Profit (loss) for the period9904-€2,691-€2,703-€1,571€10,369▲ 760%
Profit (loss) for the period to be appropriated9905-€2,691-€2,703-€1,571€10,369▲ 760%
Line2022202320242025Change
Assets
Total assets20/58€5,575€1,501€7,552€40,312▲ 434%
Fixed assets21/28-€778€390€20,405▲ 5,130%
Tangible fixed assets22/27-€778€390€20,405▲ 5,130%
Furniture and vehicles24-€778€390€20,405▲ 5,130%
Current assets29/58€5,575€723€7,162€19,907▲ 178%
Amounts receivable within one year40/41€3,423€625€3,750€13,225▲ 253%
Trade receivables40€3,225€0€3,750€13,225▲ 253%
Other amounts receivable41€198€625€0--
Cash at bank and in hand54/58€2,152€98€3,412€5,839▲ 71.1%
Deferred charges and accrued income490/1---€843-
Equity and liabilities
Total equity and liabilities10/49€5,575€1,501€7,552€40,312▲ 434%
Equity10/15-€191-€2,894-€4,464€5,905▲ 232%
Contributions10/11€2,500€2,500€2,500€2,500=
Profit (loss) carried forward14-€2,691-€5,394-€6,964€3,405▲ 149%
Amounts payable17/49€5,766€4,395€12,016€34,407▲ 186%
Amounts payable within one year42/48€5,766€4,395€12,016€34,407▲ 186%
Trade debts44€3,847€1,076€1,692€8,567▲ 406%
Suppliers440/4€3,847€1,076€1,692€8,567▲ 406%
Taxes, remuneration and social security45€16€16€196€8,066▲ 4,019%
Taxes450/3€16€16€196€6,666▲ 3,304%
Remuneration and social security454/9---€1,400-
Other amounts payable47/48€1,903€3,303€10,128€17,773▲ 75.5%
Line2022202320242025Change
Profit (loss) for the period9904-€2,691-€2,703-€1,571€10,369▲ 760%
+ Depreciation and write-downs630€2,757€386€388€1,837▲ 373%
Operating cash flow (approximation)€65-€2,317-€1,183€12,206▲ 1,132%
Investment in fixed assets (approximation)--€0-€21,851-
Change in cash--€2,054€3,314€2,427▼ 26.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
27-03
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial Back to profitnet €10,369
Net result €10,369 after 3 loss-making years.
31-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
29-03
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial Weakest financial yearnet -€2,703
Net result drops to -€2,703, the lowest in the series; recovery starts the following year.
10-03
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Ichtegem · 1 establishment unit since 2021
seat establishment approximate The establishment unit on the map
Ground area
143 m²
Building footprint
103 m²
Volume, LiDAR
540 m³
Parcel 35006A0500/00T003, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SFD Solutions
Engelstraat(ICH) 170, 8480 IchtegemSpecialised construction activities
since 20212.319.622.168
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35006A0500/00T003 Flanders 143 m² 1 · 103 m² 9.4 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.

Similar companies · same sector, comparable size

Of 7,868 companies in sector 43341 we hold annual accounts for 2,666. 1,273 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
Founded14-07-2021
Fiscal year end30-09
Activities, NACEBEL 2025
43341Painting of buildings
43230Insulation installation
43310Plastering work
43333Wallpapering and laying of floor and wall coverings in other materials
43910Bricklaying and masonry work
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:0771412987
Also 9925:BE0771412987
Registered 24-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.