SD Worx People Solutions NV
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SD Worx People Solutions NV - overview
Established
1945
Location
Antwerp, -, Belgium
Primary Industry
Outsourcing
About
SD Worx, based in Belgium, specializes in delivering comprehensive HR and payroll solutions that streamline human resource management for businesses of all sizes, from SMEs to large corporations. Founded in 1945 in Antwerp, Belgium, SD Worx provides integrated HR services, having undergone strategic pivots to enhance its service offerings. The company was co-founded by Christel Van Wouwe and Rob Luyten, and is currently led by CEO Mark Bloem. SD Worx is recognized for its commitment to providing tailored HR solutions and has become a part of WorxInvest, although financial terms were not disclosed regarding this acquisition.
SD Worx offers a variety of HR and payroll solutions aimed at optimizing human resource management for businesses. Their core services include interim staffing, recruitment, and project sourcing, supported by advanced cloud-based technology such as SAP SuccessFactors. This technology aids in payroll processing, personnel administration, time management, and talent development, allowing them to serve a diverse range of clients across Europe and other markets. In 2023, SD Worx reported a revenue of EUR 15,407,052.
70 with an EBITDA of EUR -387,235. 40, reflecting their financial activities from B2B transactions through subscription models and service contracts for HR and payroll management solutions. SD Worx aims to enhance its offerings by launching new products designed to cater to evolving market needs in the HR space. Plans are in place to expand into additional geographic regions, focusing on specific markets within Europe by the end of 2024.
The funding from the recent acquisition by WorxInvest will facilitate these growth initiatives, supporting the development of innovative solutions and enhancing market reach.
Current Investors
WorxInvest
Primary Industry
Outsourcing
Sub Industries
Human Resources Services, Accounting Services, HR & Workforce Software
Website
www.sdworx.be
Total Amount Raised
Subscriber access only
SD Worx People Solutions NV - timeline of key events
SD Worx People Solutions NV - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 33,333 | 807,000 | 397,119 | 743,318,000 | 858,134,400 | - | - | - |
| % Revenue Growth (YoY) | - | - | 2321.0% | (50.8%) | 187077.6% | 15.4% | - | - | - |
| EBITDA (USD) | (1,514,300) | (972,077) | (2,925,586) | (3,111,636) | 61,288,000 | 104,811,600 | - | - | - |
| Operating Income (USD) | (1,541,410) | (998,477) | (2,951,986) | (3,139,761) | 8,073,000 | 55,766,200 | - | - | - |
| Operating Margin | - | (2995.5%) | (365.8%) | (790.6%) | 1.1% | 6.5% | - | - | - |
| % EBITDA Margin | - | (2916.3%) | (362.5%) | (783.6%) | 8.2% | 12.2% | - | - | - |
| NET Income (USD) | (1,313,411) | 2,579,796 | (3,809,182) | 16,460,617 | 456,000 | 46,805,200 | - | - | - |
| % Net Margin | - | 7739.5% | (472.0%) | 4145.0% | 0.1% | 5.5% | - | - | - |
SD Worx People Solutions NV - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | CODEAS STP S.R.L. | - | ||||||||
| Add-on | Completed | Socialea | - | ||||||||
| Add-on, LP Direct, Trade Sale | Completed | F2A S.r.l. | - | ||||||||
| Add-on | Completed | TribePerk | - | ||||||||
| Add-on, Corporate Carve Out, Trade Sale | Completed | SD Worx SAP Solutions Poland | - |
Displaying 1 - 5 of 12
SD Worx People Solutions NV - employee data
SD Worx People Solutions NV - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member of the Board of Directors (Raad van Commissarissen) of SD Worx Netherlands | BM | ||||||
| Chairman of the Board | BM | ||||||
| Member of the Board and Audit Committee | BM | ||||||
| Chairman of the Board of Directors | BM |
BM Board Member
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