Summary
SD Worx Staffing & Career Solutions has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €65.46M and a net result of €-1.34M. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 84% of 290 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
42 d early
2022
39 d early
2021
40 d early
2020
30 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€6.76M▼ 38.0%
2023 · €10.90M
2018: €287klowest value
2019: €4.10M▲ +1326% vs 2018
2020: €2.56M▼ -37.6% vs 2019
2022: €1.35M
2023: €10.90M▲ +707% vs 2022highest value
2024: €6.76M▼ -38.0% vs 2023
2018 → 2024
EBIT margin
-2.8%▼ 22.9pp
2023 · 20.1%
2018: -178.2%lowest value
2019: 3.4%▲ +102% vs 2018
2020: -3.7%▼ -208% vs 2019
2022: 5.2%
2023: 20.1%▲ +288% vs 2022highest value
2024: -2.8%▼ -114% vs 2023
2018 → 2024
Net result
€-1.34M▲ 66.2%
2023 · €-3.96M
2018: €-693k
2019: €-39.17M▼ -5552% vs 2018lowest value
2020: €-294k▲ +99.2% vs 2019highest value
2022: €-7.75M
2023: €-3.96M▲ +48.8% vs 2022
2024: €-1.34M▲ +66.2% vs 2023
2018 → 2024
Working capital
€-13.65M▼ 9.2%
2023 · €-12.50M
2018: €-92.65Mlowest value
2019: €-955k▲ +99.0% vs 2018
2020: €1.80M▲ +289% vs 2019
2022: €2.30Mhighest value
2023: €-12.50M▼ -642% vs 2022
2024: €-13.65M▼ -9.2% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202220232024Trend
Turnover€4.10M-€2.56M▼ 37.6%€1.35M▼ 47.2%€10.90M▲ 707%€6.76M▼ 38.0%
2019: €4.10M
2020: €2.56M▼ -37.6% vs 2019
2022: €1.35Mlowest value
2023: €10.90M▲ +707% vs 2022highest value
2024: €6.76M▼ -38.0% vs 2023
Equity€59.54M-€59.24M▼ 0.5%€70.76M▲ 19.4%€66.80M▼ 5.6%€65.46M▼ 2.0%
2019: €59.54M
2020: €59.24M▼ -0.5% vs 2019lowest value
2022: €70.76Mhighest value
2023: €66.80M▼ -5.6% vs 2022
2024: €65.46M▼ -2.0% vs 2023
Operating result€141k-€-95k€70k€2.19M▲ 3,035%€-186k
2019: €141k
2020: €-95k▼ -168% vs 2019
2022: €70k
2023: €2.19M▲ +3035% vs 2022highest value
2024: €-186k▼ -108% vs 2023lowest value
Net result€-39.17M-€-294k▲ 99.2%€-7.75M▼ 2,534%€-3.96M▲ 48.8%€-1.34M▲ 66.2%
2019: €-39.17Mlowest value
2020: €-294k▲ +99.2% vs 2019highest value
2022: €-7.75M
2023: €-3.96M▲ +48.8% vs 2022
2024: €-1.34M▲ +66.2% vs 2023
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €186k after €2.19M in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €89.93M
Fixed assets
€81.05M ▼ 0.2%
Current assets
€8.88M ▲ 214%
Equity and liabilities €89.93M
Equity
€65.46M ▼ 2.0%
Debt
€24.47M ▲ 41.8%
Debt's share of the balance-sheet total rises from 20.5% to 27.2%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-2.0%▲
2023 · -5.9%
ROA
-1.5%▲
2023 · -4.7%
Debt ≤ 1 year
€22.52M▲
2023 · €15.33M
Debt > 1 year
€1.53M=
2023 · €1.53M
Income taxes
€106k▼
2023 · €241k
Staff costs
€4.49M▼
2023 · €5.15M
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 · 2024 against 2023 · 61 lines
Balance sheet
Code20232024
Assets
Total assets20/58€84.05M€89.93M▲
Formation expenses20€513-
Fixed assets21/28€81.22M€81.05M▼
Intangible fixed assets21€1.32M€1.15M▼
Financial fixed assets28€79.90M€79.90M=
Affiliated companies280/1€79.90M€79.90M=
Participating interests280€79.90M€79.90M=
Current assets29/58€2.83M€8.88M▲
Amounts receivable within one year40/41€2.69M€8.72M▲
Trade receivables40€2.45M€3.12M▲
Other amounts receivable41€236k€5.60M▲
Deferred charges and accrued income490/1€142k€157k▲
Equity and liabilities
Total equity and liabilities10/49€84.05M€89.93M▲
Equity10/15€66.80M€65.46M▼
Contributions10/11€119.40M€119.40M=
Capital10€119.40M€119.40M=
Issued capital100€119.40M€119.40M=
Reserves13€1.26M€1.26M=
Tax-exempt reserves132€1.26M€1.26M=
Profit (loss) carried forward14€-53.86M€-55.20M▼
Amounts payable17/49€17.25M€24.47M▲
Amounts payable after more than one year17€1.53M€1.53M=
Financial debts170/4€1.53M€1.53M=
Subordinated loans170€1.53M€1.53M=
Amounts payable within one year42/48€15.33M€22.52M▲
Trade debts44€1.33M€1.90M▲
Suppliers440/4€1.33M€1.90M▲
Taxes, remuneration and social security45€1.21M€622k▼
Taxes450/3€545k€114k▼
Remuneration and social security454/9€663k€508k▼
Other amounts payable47/48€12.79M€20.00M▲
Accrued charges and deferred income492/3€394k€416k▲
Income statement
Code20232024
Operating income70/76A€10.95M€7.56M▼
Turnover70€10.90M€6.76M▼
Other operating income74€54k€806k▲
Operating charges60/66A€8.76M€7.75M▼
Services and other goods61€3.41M€3.08M▼
Remuneration, social security and pensions62€5.15M€4.49M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€193k€171k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k-
Other operating charges640/8€184€6k▲
Operating profit (loss)9901€2.19M€-186k▼
Financial income75/76B€255k€1.05M▲
Recurring financial income75€255k€1.05M▲
Income from financial fixed assets750€241k-
Income from current assets751€8k€1.04M▲
Other financial income752/9€6k€15k▲
Financial charges65/66B€6.17M€2.10M▼
Recurring financial charges65€170k€2.10M▲
Debt charges650€116k€2.10M▲
Other financial charges652/9€54k€556▼
Non-recurring financial charges66B€6.00M-
Profit (loss) for the period before taxes9903€-3.72M€-1.23M▲
Income taxes67/77€241k€106k▼
Taxes670/3€241k€106k▼
Profit (loss) for the period9904€-3.96M€-1.34M▲
Transfer to tax-exempt reserves689€337k-
Profit (loss) for the period to be appropriated9905€-4.30M€-1.34M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-53.86M€-55.20M▼
Profit (loss) brought forward from the previous period14P€-49.56M€-53.86M▼
Social balance
Average headcount (FTE)908782.862.3▼
The notes to these accounts (39 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €1.35M | €10.95M | €7.56M | ▼ 31.0% |
| Turnover70 | €4.10M | €2.56M | €1.35M | €10.90M | €6.76M | ▼ 38.0% |
| Other operating income74 | - | - | - | €54k | €806k | ▲ 1,386% |
| Operating charges60/66A | - | - | €1.28M | €8.76M | €7.75M | ▼ 11.6% |
| Services and other goods61 | - | - | €1.27M | €3.41M | €3.08M | ▼ 9.6% |
| Remuneration, social security and pensions62 | - | - | - | €5.15M | €4.49M | ▼ 12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51k | €38k | €9k | €193k | €171k | ▼ 11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5k | - | - |
| Other operating charges640/8 | - | - | €522 | €184 | €6k | ▲ 3,020% |
| Non-recurring operating charges66A | - | - | €0 | - | - | - |
| Operating profit (loss)9901 | €141k | €-95k | €70k | €2.19M | €-186k | ▼ 108% |
| Financial income75/76B | - | - | €1.02M | €255k | €1.05M | ▲ 312% |
| Recurring financial income75 | €1.34M | €52k | €1.02M | €255k | €1.05M | ▲ 312% |
| Income from financial fixed assets750 | - | - | €1.00M | €241k | - | - |
| Income from current assets751 | - | - | - | €8k | €1.04M | ▲ 13,280% |
| Other financial income752/9 | - | - | €16k | €6k | €15k | ▲ 150% |
| Financial charges65/66B | - | - | €8.84M | €6.17M | €2.10M | ▼ 66.0% |
| Recurring financial charges65 | €1.39M | €251k | €128k | €170k | €2.10M | ▲ 1,135% |
| Debt charges650 | €1.35M | €251k | €124k | €116k | €2.10M | ▲ 1,707% |
| Other financial charges652/9 | - | - | €4k | €54k | €556 | ▼ 99.0% |
| Non-recurring financial charges66B | - | - | €8.71M | €6.00M | - | - |
| Profit (loss) for the period before taxes9903 | €-39.17M | €-294k | €-7.75M | €-3.72M | €-1.23M | ▲ 66.9% |
| Income taxes67/77 | €647 | €119 | - | €241k | €106k | ▼ 55.8% |
| Taxes670/3 | - | - | - | €241k | €106k | ▼ 55.8% |
| Profit (loss) for the period9904 | €-39.17M | €-294k | €-7.75M | €-3.96M | €-1.34M | ▲ 66.2% |
| Transfer to tax-exempt reserves689 | - | - | - | €337k | - | - |
| Profit (loss) for the period to be appropriated9905 | €-39.17M | €-294k | €-7.75M | €-4.30M | €-1.34M | ▲ 68.9% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76.66M | €63.77M | €75.58M | €84.05M | €89.93M | ▲ 7.0% |
| Formation expenses20 | €33k | €25k | €8k | €513 | - | - |
| Fixed assets21/28 | €73.16M | €61.13M | €71.98M | €81.22M | €81.05M | ▼ 0.2% |
| Intangible fixed assets21 | - | - | - | €1.32M | €1.15M | ▼ 13.0% |
| Tangible fixed assets22/27 | €275k | €246k | - | - | - | - |
| Financial fixed assets28 | €72.89M | €60.89M | €71.98M | €79.90M | €79.90M | = |
| Affiliated companies280/1 | - | - | €71.98M | €79.90M | €79.90M | = |
| Participating interests280 | - | - | €71.98M | €79.90M | €79.90M | = |
| Current assets29/58 | €3.46M | €2.61M | €3.59M | €2.83M | €8.88M | ▲ 214% |
| Amounts receivable within one year40/41 | €3.31M | €1.51M | €3.57M | €2.69M | €8.72M | ▲ 225% |
| Trade receivables40 | - | - | €1.93M | €2.45M | €3.12M | ▲ 27.5% |
| Other amounts receivable41 | - | - | €1.64M | €236k | €5.60M | ▲ 2,274% |
| Cash at bank and in hand54/58 | €140k | €1.07M | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €20k | €142k | €157k | ▲ 11.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76.66M | €63.77M | €75.58M | €84.05M | €89.93M | ▲ 7.0% |
| Equity10/15 | €59.54M | €59.24M | €70.76M | €66.80M | €65.46M | ▼ 2.0% |
| Contributions10/11 | €99.40M | €99.40M | €119.40M | €119.40M | €119.40M | = |
| Capital10 | - | - | €119.40M | €119.40M | €119.40M | = |
| Issued capital100 | - | - | €119.40M | €119.40M | €119.40M | = |
| Reserves13 | - | - | - | €1.26M | €1.26M | = |
| Tax-exempt reserves132 | - | - | - | €1.26M | €1.26M | = |
| Profit (loss) carried forward14 | €-39.86M | €-40.16M | €-48.64M | €-53.86M | €-55.20M | ▼ 2.5% |
| Provisions and deferred taxes16 | - | €231k | - | - | - | - |
| Amounts payable17/49 | €17.13M | €4.29M | €4.82M | €17.25M | €24.47M | ▲ 41.8% |
| Amounts payable after more than one year17 | €12.52M | €3.05M | €3.05M | €1.53M | €1.53M | = |
| Financial debts170/4 | - | - | €3.05M | €1.53M | €1.53M | = |
| Subordinated loans170 | - | - | €3.05M | €1.53M | €1.53M | = |
| Amounts payable within one year42/48 | €4.42M | €808k | €1.28M | €15.33M | €22.52M | ▲ 47.0% |
| Trade debts44 | €2.77M | €793k | €245k | €1.33M | €1.90M | ▲ 43.5% |
| Suppliers440/4 | - | - | €245k | €1.33M | €1.90M | ▲ 43.5% |
| Taxes, remuneration and social security45 | - | - | - | €1.21M | €622k | ▼ 48.5% |
| Taxes450/3 | - | - | - | €545k | €114k | ▼ 79.0% |
| Remuneration and social security454/9 | - | - | - | €663k | €508k | ▼ 23.5% |
| Other amounts payable47/48 | - | - | €1.04M | €12.79M | €20.00M | ▲ 56.3% |
| Accrued charges and deferred income492/3 | - | - | €483k | €394k | €416k | ▲ 5.4% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-39.17M | €-294k | €-7.75M | €-3.96M | €-1.34M | ▲ 66.2% |
| + Depreciation and write-downs630 | €51k | €38k | €9k | €193k | €171k | ▼ 11.3% |
| Operating cash flow (approximation) | €-39.12M | €-256k | €-7.74M | €-3.77M | €-1.17M | ▲ 69.0% |
| Investment in fixed assets (approximation) | - | €11.99M | - | €-9.43M | €-513 | ▲ 100.0% |
| Change in cash | - | €934k | - | - | - | - |
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
2026
21-08
State Gazette act
Resignation: Deloitte Bedrijfsrevisoren BV (statutory auditor)Appointment: BDO Bedrijfsrevisoren BV (statutory auditor) · Permanent representative: Jef Neefs4 facts ▸
State Gazette act
Resignation: Deloitte Bedrijfsrevisoren BV (statutory auditor)
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor) · Permanent representative: Jef Neefs4 facts ▸
- General meeting, 05-06-2026
- Director resignation, Deloitte Bedrijfsrevisoren BV (statutory auditor)
- Auditor appointment, BDO Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Jef Neefs
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 3.23
Current ratio from 0.78 to 3.23; short-term debt falls from €4.42M to €808k.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-39.17M
Net result drops to €-39.17M, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 2 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 28 acts read
About the unread acts
Of the 28 Belgian State Gazette acts we know for this company, 1 has been read. The other 27 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Antwerpen · 3 establishment units since 2018
Ground area
8,140 m²
Building footprint
4,923 m²
Volume, LiDAR
133,028 m³
3 parcels, Brussels, Flanders, Wallonia · tallest building 36.3 m, ±10 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
3 establishment units
SD Worx Staffing Solutions – SD Worx Career Solutions
since 20182.272.797.496
SD Worx Staffing Solutions – SD Worx Career Solutions
since 20192.294.924.483
SD Worx Staffing Solutions – SD Worx Career Solutions
since 20192.294.924.582
3 parcels
Flanders
1
(33.3%)
Wallonia
1
(33.3%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D1348/00E000 | Brussels | 5,332 m² | 1 · 3,876 m² | 36.3 m · 10 fl. |
| 11002A0208/00A000 | Flanders | 2,152 m² | 1 · 841 m² | 30.3 m · 9 fl. |
| 52011D0139/00D005 | Wallonia | 656 m² | 1 · 206 m² | 20.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Statutory auditor
1 auditor| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESCurrent Statutory auditor · represented by Jef Neefs | 05-06-2026 → present |
Show 1 earlier auditors
| DELOITTE Bedrijfsrevisoren BV Statutory auditor | - → 05-06-2026 |
Structure & network
Ownership & control
2 parent companiesControl over this companyparent company per the LEI register2
Antwerpen
Antwerpen · indirect
controls
SD Worx Staffing & Career SolutionsBE 0689.610.216
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 426 EUR awarded · 426 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 426 EUR | 426 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
894500FBTT4S4WMF0164
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Identification & contact
Identification
Legal formPublic limited company
Founded31-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
64210Activities of holding companies
78200Temporary employment agencies and other provision of personnel
Scores and ratios are computed by Checked and are not a credit decision.