Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SGC from Deinze, company number BE0823357477, closed financial year 2025 with a result of € 432,125 after tax. For that financial year SGC recorded revenue of € 15.7 million and equity of € 5.8 million. Compared with financial year 2024, the result moved from € -16,468 to € 432,125. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 28, 2026.
€ 5.8 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 432,125
▲ still € 16,468 loss in 2024
Profit after tax over the fiscal year.
€ 48,026
▼ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 400,000 paid out
93 % of the profit went to the shareholders, mostly to HET VEER (99 % of the shares). That is where the money ends up.
People and assets in 2025
17
▲ 2.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▲ 1% vs 2024
€ 73,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 523
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.1 million
▲ 32% vs 2024
€ 793,867 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 986,613
▼ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 28 days on average.
€ 433,062
▲ 116% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,332,543 | € 15,530,235 | € 15,809,590 | € 15,650,664 | ▼ 1% |
| Profit after taxes | € 509,465 | € 567,893 | € -16,468 | € 432,125 | ▲ € 448,593 |
| Equity | € 5,229,687 | € 5,797,581 | € 5,781,113 | € 5,813,238 | ▲ 1% |
| Total debts | € 7,576,565 | € 9,066,261 | € 8,012,742 | € 7,556,365 | ▼ 6% |
| Cash | € 73,043 | € 14,052 | € 63,546 | € 48,026 | ▼ 24% |
| Retained profit | € 3,979,488 | € 4,547,381 | € 4,530,913 | € 4,563,038 | ▲ 1% |
| Dividend | € 0 | € 0 | € 0 | € 400,000 | |
| Bank debt | € 4,627,527 | € 6,149,438 | € 2,308,170 | € 3,057,839 | ▲ 32% |
| Balance sheet total | € 12,806,253 | € 14,863,842 | € 13,793,855 | € 13,369,603 | ▼ 3% |
| Employees (FTE) | 17.4 | 13.7 | 14.5 | 17 | ▲ 2.5 |
Key figures of SGC, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SGC?
What happened at SGC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Stijn De Weirdt stepped down as director. NBB
- Andy Lava stepped down as director. NBB
- NV Het Veer stepped down as director. NBB
- Rik Vandoorne stepped down as director. NBB
- BV Himpens Pieter stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 432,125. Source: NBB ↗
- Andy Lava became a director. NBB
- Stijn De Weirdt became a director. NBB
In short
From € 509,465 profit in 2022 to € 432,125 profit in 2025.
Paid € 604,316 in corporate taxes since 2022.
Best year ever: 2023, with € 567,893 profit.
Paid out € 400,000 in dividends to the owners in total.
A new publication or filing at SGC? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of HET VEER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SGCThe shares are held by HET VEER (99%).
Directors
According to the 2025 annual accounts
Director · represented by Sophie Vandoorne
Also active at: VAN OS - DURACOAT, ROBBY, DEBA, LAKKERIJ VANDEREYT, V COAT, COTRABEL, CDC-Cabines de Ciney, FEMACO +3 more
since 2021 · until 2027
Stijn De Weirdt
Director
since 2024 · until 2030
Rik Vandoorne
Managing director
Also active at: VAN OS - DURACOAT, ROBBY, DEBA, HET VEER, V COAT, COTRABEL, CDC-Cabines de Ciney, HET VEER BLUE OCEAN +4 more
since 2021 · until 2027
Andy Lava
Director
since 2026 · until 2030
Director · represented by Pieter Himpens
since 2023 · until 2027
Shareholders
99%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Moorstraat 24
9850 Deinze
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →DEBA same network
€ 5.3 million revenue · 2025
HET VEER same network
€ 1.7 million revenue · 2024
COTRABEL same network
€ 664,479 revenue · 2025
HET VEER BLUE OCEAN same network
€ 16,850 revenue · 2025
FEMACO same network
€ 2.5 million revenue · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Domain
Domain
switchgearcompany.eu
Registrar
EuroDNS S.A.
Website info
Features
Security
Details
- Company number
- 0823.357.477
- VAT number
- BE 0823.357.477
- Registered office
- Moorstraat 24, 9850 Deinze
- Names & denominations
- SGC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 February 2010
- Peppol
- Active · Active since 22 Sept 2025
- Contact
- switchgearcompany.eu
- Activities · NACE
Vervaardiging van andere elektrische apparatuur
Algemene elektrotechnische installatiewerken
Handelsbemiddeling in de groothandel in hout en bouwmaterialen
Vervaardiging van metalen constructiewerken en delen daarvan