SADECHAF
ActiveSummary
SADECHAF has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €42,246. Equity has been growing by about 17% per year since 2018. Its solvency ranks better than 65% of 9,850 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-03-1992 Normal situation
- Registered office
- 11 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- Wholesale of electrical equipment, including installation materials NACE 46643
- Establishment unit
- 2.056.995.559 2300 Turnhout, since 10-04-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 28-08-2025
Board and ownership
Board
- WANKODirector · since 23-03-2011 · permanent representative Jozef Emiel Cyriel De Groote
- Lisala BVDirector · since 29-06-2023 · permanent representative Xavier Heylen
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Gross margin
- €1.1m
- ▼ 11.6%
- Turnover
- ≈ €4.8m
- estimated
- Profit
- €42,246
- ▼ 76.1%
- Equity
- €1.1m
- ▲ 6.3%
- Total assets
- €1.9m
- ▲ 5.4%
- Employees on 31-12-2025
- 8
- =
Score breakdownraises riskSize: 7.2 FTE, total assets €1.9mProfit of €42,246 (financial year 2025)lowers riskFounded in 1992Equity €1.1m (58.6% of total assets)Show the evidence
Checked score
Score 2025
88
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 55% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency
84+1
equity 58.6% of total assets
Liquidity
41-9
short-term debt 38.2% · cash 7.0%
Profitability
71-10
return on assets 2.2%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €95,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.87 (1.85 in 2024), above the usual 1.5. Short-term debt is 38.2% and cash 7% of total assets. 41.4% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 65% of them on solvency, 39% on liquidity, 56% on profitability and 58% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 days early
2024
9 days early
2023
8 days early
2022
24 days early
2021
29 days late
2020
4 days early
2019
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 33 filings
Turnover
≈ €4.8m
Estimated: probably between €2.9m and €8.1m
Total assets
€1.9m▲ 5.4%
2024 · €1.8m
Net result
€42,246▼ 76.1%
2024 · €176,888
Working capital
€640,114▲ 13.0%
2024 · €566,242
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€19,101
▼ 91.3%
2025
20182025
Net result
€42,246
▼ 76.1%
2025
middle half of the sector
20182025
Equity
€1.1m
▲ 6.3%
2025
highest quarter of the sector
20182025
Total assets
€1.9m
▲ 5.4%
2025
middle half of the sector
20182025
Debt
€801,104
▲ 4.2%
2025
20182025
Working capital
€640,114
▲ 13.0%
2025
middle half of the sector
20182025
Solvency
58.6%
▲ 0.5pp
2025
middle half of the sector
20182025
Current ratio
1.87
▲ 0.01
2025
middle half of the sector
20182025
Return on assets (ROA)
2.2%
▼ 7.4pp
2025
middle half of the sector
20182025
Staff (FTE)
7.2
▼ 1.4%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.08m-€0.1m▲ 65.1%-€0.03m€0.2m€0.04m▼ 80.4%€0.2m▲ 461%€0.2m▲ 11.7%€0.02m▼ 91.3%
Net result€0.07m-€0.1m▲ 61.4%-€0.05mbelow the sector's middle half€0.1mwithin the sector's middle half€0.003mbelow the sector's middle half▼ 97.9%€0.1mwithin the sector's middle half▲ 53×€0.2mabove the sector's middle half▲ 25.0%€0.04mwithin the sector's middle half▼ 76.1%
Equity€0.4m-€0.5m▲ 27.0%€0.4mwithin the sector's middle half▼ 10.6%€0.5mwithin the sector's middle half▲ 21.8%€0.5mwithin the sector's middle half▲ 0.5%€0.7mwithin the sector's middle half▲ 36.1%€1.1mwithin the sector's middle half▲ 45.0%€1.1mabove the sector's middle half▲ 6.3%
Total assets€1.1m-€1.4m▲ 21.9%€1.4mwithin the sector's middle half▲ 2.0%€1.4mwithin the sector's middle half▼ 4.2%€1.3mwithin the sector's middle half▼ 5.0%€1.7mwithin the sector's middle half▲ 29.2%€1.8mwithin the sector's middle half▲ 10.1%€1.9mwithin the sector's middle half▲ 5.4%
Debt€0.7m-€0.9m▲ 24.5%€1.0m▲ 10.3%€0.8m▼ 16.8%€0.8m▼ 7.8%€0.9m▲ 24.2%€0.8m▼ 17.4%€0.8m▲ 4.2%
Working capital€0.4m-€0.3m▼ 34.1%€0.3mwithin the sector's middle half▼ 4.4%€0.4mwithin the sector's middle half▲ 33.4%€0.4mwithin the sector's middle half▲ 4.5%€0.4mwithin the sector's middle half=€0.6mwithin the sector's middle half▲ 50.5%€0.6mwithin the sector's middle half▲ 13.0%
Solvency34.1%-35.5%▲ 1.4pp31.1%within the sector's middle half▼ 4.4pp39.6%within the sector's middle half▲ 8.5pp41.9%within the sector's middle half▲ 2.3pp44.1%within the sector's middle half▲ 2.3pp58.1%within the sector's middle half▲ 14.0pp58.6%within the sector's middle half▲ 0.5pp
Current ratio1.77-1.45▼ 0.321.39within the sector's middle half▼ 0.061.60within the sector's middle half▲ 0.211.61within the sector's middle half▲ 0.021.47within the sector's middle half▼ 0.141.85within the sector's middle half▲ 0.381.87within the sector's middle half▲ 0.01
Return on assets (ROA)5.7%-7.5%▲ 1.8pp-3.7%below the sector's middle half▼ 11.2pp9.6%within the sector's middle half▲ 13.3pp0.2%below the sector's middle half▼ 9.4pp8.5%within the sector's middle half▲ 8.3pp9.6%within the sector's middle half▲ 1.1pp2.2%within the sector's middle half▼ 7.4pp
Staff (FTE)5.7-5.4▼ 5.3%6.4within the sector's middle half▲ 18.5%7.4within the sector's middle half▲ 15.6%7.6within the sector's middle half▲ 2.7%8.2above the sector's middle half▲ 7.9%7.3within the sector's middle half▼ 11.0%7.2above the sector's middle half▼ 1.4%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 91% lower than in 2024 and the lowest since 2021.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€555,715 ▼ 8.1%
Current assets
€1.4m ▲ 12.0%
Equity and liabilities €1.9m
Equity
€1.1m ▲ 6.3%
Debt
€801,104 ▲ 4.2%
Debt's share of the balance-sheet total falls from 41.9% to 41.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€220,102▼
2024 · €364,785
Cash flow
€243,248▼
2024 · €321,480
Quick ratio
1.10▲
2024 · 0.99
Debt to equity
0.71▼
2024 · 0.72
ROE
3.7%▼
2024 · 16.6%
Interest coverage
6.99▼
2024 · 8.57
Debt ≤ 1 year
€739,915▲
2024 · €665,822
Debt > 1 year
€42,527▼
2024 · €88,389
Income taxes
€15,001▼
2024 · €47,879
Staff costs
€910,730▲
2024 · €888,040
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 9 | 7 | 8 | 8 | 8 |
| full-time | 6 | 5 | 5 | 4 | 4 |
| part-time | 3 | 2 | 3 | 4 | 4 |
| in full-time equivalents | 8.1 | 6.3 | 7.2 | 7.2 | 7.2 |
| Average over the year, in full-time equivalents | 7.4 | 7.6 | 8.2 | 7.3 | 7.2 |
| On a permanent contract | 8 | 7 | 8 | 8 | 8 |
| Joined | 3 | 10 | 5 | 4 | 7 |
| Left | 1 | 12 | 4 | 4 | 7 |
| Training hours | - | - | - | - | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €37,428 | €3,918 | €76,119 | €20,023 | €10,352 |
| Intangible fixed assets | €1,615 | - | €239,417 | €230,619 | €141,963 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €99,079 | €92,163 | €119,631 | €144,592 | €201,001 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 12 entries · €181,745 awarded · €99,410 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 4 | €4,161 | €4,161 |
| 2024 | 3 | €3,830 | €48,687 |
| 2023 | 2 | €467 | €45,434 |
| 2022 | 3 | €173,287 | €1,128 |
European research
1 project · €172,046 EU contributionProgrammes
Projects
Digitalization of Power Electronic Applications within Key Technology Value Chains
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €62 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.7m | €0.7m | €0.8m | €0.9m | €0.9m | ▲ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.06m | €0.08m | €0.09m | €0.1m | €0.09m | €0.1m | €0.1m | €0.2m | ▲ 39.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.004m | €0.001m | €0 | €0.02m | €0.007m | ▼ 71.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.008m | -€0.008m | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | €0.003m | ▼ 78.5% |
| Non-recurring operating charges66A | - | - | - | €348 | €0 | €0.001m | €0 | - | - |
| Gross operating margin9900 | €0.7m | €0.8m | €0.7m | €1.0m | €0.9m | €1.1m | €1.3m | €1.1m | ▼ 11.6% |
| Operating profit (loss)9901 | €0.08m | €0.1m | -€0.03m | €0.2m | €0.04m | €0.2m | €0.2m | €0.02m | ▼ 91.3% |
| Financial income75/76B | - | - | - | €0.001m | €0.002m | €0.006m | €0.05m | €0.07m | ▲ 47.8% |
| Recurring financial income75 | €0.02m | €0.001m | €0.002m | €0.001m | €0.002m | €0.006m | €0.05m | €0.07m | ▲ 47.8% |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €0.03m | €0.02m | €0.02m | €0.04m | €0.03m | ▼ 26.0% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.03m | €0.03m | €0.02m | €0.02m | €0.04m | €0.03m | ▼ 26.0% |
| Profit (loss) for the period before taxes9903 | €0.08m | €0.1m | -€0.05m | €0.1m | €0.01m | €0.2m | €0.2m | €0.06m | ▼ 74.5% |
| Income taxes67/77 | €0.02m | €0.01m | -€444 | €0.02m | €0.01m | €0.04m | €0.05m | €0.02m | ▼ 68.7% |
| Profit (loss) for the period9904 | €0.07m | €0.1m | -€0.05m | €0.1m | €0.003m | €0.1m | €0.2m | €0.04m | ▼ 76.1% |
| Profit (loss) for the period to be appropriated9905 | €0.07m | €0.1m | -€0.05m | €0.1m | €0.003m | €0.1m | €0.2m | €0.04m | ▼ 76.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.4m | €1.4m | €1.4m | €1.3m | €1.7m | €1.8m | €1.9m | ▲ 5.4% |
| Fixed assets21/28 | €0.2m | €0.5m | €0.5m | €0.4m | €0.3m | €0.5m | €0.6m | €0.6m | ▼ 8.1% |
| Intangible fixed assets21 | €0.006m | €0.004m | €0.008m | €0.005m | €0.001m | €0.2m | €0.4m | €0.4m | ▲ 8.9% |
| Tangible fixed assets22/27 | €0.1m | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | €0.1m | ▼ 36.3% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.09m | €0.1m | €0.1m | €0.05m | ▼ 48.3% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.005m | €0.01m | €0.008m | €0.005m | ▼ 37.3% |
| Leasing and similar rights25 | - | - | - | €0.04m | €0.02m | €0 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.09m | ▼ 27.0% |
| Financial fixed assets28 | €0.005m | €0.005m | €0.004m | €0.004m | €31 | €31 | €31 | €31 | = |
| Current assets29/58 | €1.0m | €0.9m | €1.0m | €1.0m | €1.0m | €1.2m | €1.2m | €1.4m | ▲ 12.0% |
| Stocks and contracts in progress3 | €0.3m | €0.4m | €0.5m | €0.4m | €0.5m | €0.6m | €0.6m | €0.6m | ▼ 0.5% |
| Stocks30/36 | - | - | - | €0.4m | €0.5m | €0.6m | €0.5m | €0.6m | ▲ 7.8% |
| Contracts in progress37 | - | - | - | - | - | - | €0.04m | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €0.5m | €0.3m | €0.4m | €0.3m | €0.3m | €0.4m | €0.4m | €0.6m | ▲ 65.5% |
| Trade receivables40 | - | - | - | €0.3m | €0.3m | €0.4m | €0.3m | €0.5m | ▲ 63.6% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.003m | €0.003m | €0.06m | €0.1m | ▲ 75.2% |
| Cash at bank and in hand54/58 | €0.1m | €0.2m | €0.07m | €0.2m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 44.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.05m | ▲ 27.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.4m | €1.4m | €1.4m | €1.3m | €1.7m | €1.8m | €1.9m | ▲ 5.4% |
| Equity10/15 | €0.4m | €0.5m | €0.4m | €0.5m | €0.5m | €0.7m | €1.1m | €1.1m | ▲ 6.3% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.4m | €0.5m | €0.4m | €0.4m | €0.4m | €0.7m | €0.8m | €0.9m | ▲ 5.0% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves not available under the articles1311 | - | - | - | €0.01m | €0.01m | €0.01m | - | - | - |
| Other1319 | - | - | - | - | - | - | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €0.4m | €0.4m | €0.7m | €0.8m | €0.9m | ▲ 5.1% |
| Profit (loss) carried forward14 | €0.003m | €0.003m | €0.001m | €0.1m | €0.1m | €0 | - | - | - |
| Investment grants15 | - | - | - | - | - | €0.05m | €0.2m | €0.2m | ▲ 12.0% |
| Provisions and deferred taxes16 | €0.04m | €0.01m | €0 | €0.008m | €0 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.008m | €0 | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.008m | €0 | - | - | - | - |
| Amounts payable17/49 | €0.7m | €0.9m | €1.0m | €0.8m | €0.8m | €0.9m | €0.8m | €0.8m | ▲ 4.2% |
| Amounts payable after more than one year17 | €0.1m | €0.2m | €0.3m | €0.2m | €0.1m | €0.1m | €0.09m | €0.04m | ▼ 51.9% |
| Financial debts170/4 | - | - | - | €0.2m | €0.1m | €0.1m | €0.09m | €0.04m | ▼ 51.9% |
| Amounts payable within one year42/48 | €0.6m | €0.6m | €0.7m | €0.6m | €0.6m | €0.8m | €0.7m | €0.7m | ▲ 11.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.08m | €0.07m | €0.08m | €0.06m | ▼ 27.9% |
| Financial debts43 | - | - | - | - | €77 | €0 | €0.01m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | €77 | €0 | €0.01m | €0 | ▼ 100% |
| Trade debts44 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | ▼ 3.9% |
| Suppliers440/4 | - | - | - | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | ▼ 3.9% |
| Advances received on contracts in progress46 | - | - | - | - | - | €0.06m | €0 | €0.1m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.09m | €0.1m | €0.2m | €0.2m | ▲ 14.7% |
| Taxes450/3 | - | - | - | €0.02m | €0.04m | €0.02m | €0.04m | €0.06m | ▲ 45.4% |
| Remuneration and social security454/9 | - | - | - | €0.06m | €0.05m | €0.1m | €0.1m | €0.1m | ▲ 6.1% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 6.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.02m | €0.01m | €0.01m | €0.02m | ▲ 25.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65,035 | €104,976 | -€52,199 | €130,512 | €2,680 | €141,501 | €176,888 | €42,246 | ▼ 76.1% |
| + Depreciation and write-downs630 | €55,546 | €82,135 | €91,164 | €99,079 | €92,163 | €119,631 | €144,592 | €201,001 | ▲ 39.0% |
| Operating cash flow (approximation) | €120,581 | €187,111 | €38,965 | €229,592 | €94,843 | €261,132 | €321,480 | €243,248 | ▼ 24.3% |
| Investment in fixed assets (approximation) | - | -€405,399 | -€69,319 | -€39,043 | €412 | -€315,536 | -€250,642 | -€152,316 | ▲ 39.2% |
| Change in cash | - | €40,465 | -€91,918 | €85,238 | -€25,959 | €23,013 | €85,297 | -€107,351 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as SADECHAF has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SADECHAF itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for SADECHAF. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-07-2026 | 2026-00274084 | |
| 31-12-2024 | abbreviated format | 22-07-2025 | 2025-00295773 | |
| 31-12-2023 | abbreviated format | 23-07-2024 | 2024-00274383 | |
| 31-12-2022 | abbreviated format | 07-07-2023 | 2023-00215017 | |
| 31-12-2021 | abbreviated format | 29-08-2022 | 2022-20354708 | |
| 31-12-2020 | abbreviated format | 27-07-2021 | 2021-40700239 | |
| 31-12-2019 | abbreviated format | 19-06-2020 | 2020-18000496 | |
| 31-12-2018 | abbreviated format | 11-06-2019 | 2019-17000009 | |
| 31-12-2017 | abbreviated format | 25-07-2018 | 2018-37000178 | |
| 31-12-2016 | abbreviated format | 04-07-2017 | 2017-25700367 |
Board & ownership
Directors
Directors
2 directors, last change in 2023
Board 2
WANKO
Current
Niet statutaire bestuurders · since 23-03-2011 · earlier manager, until 06-09-2021 · term for the life of the company · Legal entity · permanent representative: Jozef Emiel Cyriel De Groote · listed in the 2025 annual accounts, filed on 09-07-2026
Lisala BV
Current
Director · since 29-06-2023 · term without a fixed end · Legal entity · permanent representative: Xavier Heylen · also on the board of 1 other company · listed in the 2025 annual accounts, filed on 09-07-2026
Permanent representatives 2
Jozef Emiel Cyriel De Groote
Current
Permanent representative · appointed in the act of 06-09-2021 · for WANKO
Xavier Heylen
Current
Permanent representative · appointed in the act of 13-12-2023 · for Lisala BV
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Het mandaat van de zopas benoemde bestuurder is onbezoldigd, behoudens andersluidende beslissing van de algemene vergadering…”
deed of 13-12-2023Owners and capital
Owners
Mandate history
5 people, 2 in office
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| WANKO |
|
| Lisala BV |
|
| Xavier Heylen |
|
| HEYLEN Xavier Jo Suzanne |
|
| IVANA BEHEER |
|
Network & group
Companies at the same address
10 other companies- AOP Orphan Pharmaceuticals Belgium Registered office · since 2025 1029617089
- SciPharm S.à.r.l. Establishment · since 2025 1026398867
- TAXANDRIA TECHNOLOGY Registered office · since 2023 0729867095
- M-Food natural ingredients Registered office · since 2022 0778599895
- Exion Hydrogen Belgium Registered office · since 2021 0771543839
- Trivec Systems Europe Registered office · since 2018 0718633408
- Absolem Engineering Registered office · since 2016 0652996971
- ABSOLEM ENGINEERS Establishment · since 2016 0828556083
- Ergotrics Registered office · since 2014 0506642480
- TRIVEC SYSTEMS BELGIUM Registered office · since 1988 0897334231
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Parking Arenberg
Shared corporate director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
09-07
abbreviated format · 22 days before the deadline
2025
22-07
abbreviated format · 9 days before the deadline
2024
31-12
Financial
Highest result from 2018 to 2025net €176,888 ▲25%
The operating result of €220,193 and the net result of €176,888 are both a record.
31-12
Financial
Equity above €1mequity €1.1m ▲45%
After 4 profitable years in a row, equity reaches €1.1m.
23-07
abbreviated format · 8 days before the deadline
2023
13-12
Gazette deed
1 director appointed, 1 director resigningResignation: Xavier Heylen (director) · Appointment: Lisala BV (director) · Permanent representatives: Xavier Heylen and Jozef De Groote5 points ▸
Gazette deed
1 director appointed, 1 director resigning
Resignation: Xavier Heylen (director) · Appointment: Lisala BV (director) · Permanent representatives: Xavier Heylen and Jozef De Groote5 points ▸
- General meeting, 29-06-2023
- Director resignation, Xavier Heylen (director)
- Director appointment, Lisala BV (director)
- Permanent representative, Xavier Heylen
- Permanent representative, Jozef De Groote
07-07
abbreviated format · 24 days before the deadline
2022
29-08
abbreviated format · 29 days late
2021
31-12
Financial
Back to profitnet €130,512
The net result is €130,512, after one loss-making year.
31-12
Financial
Equity above €500,000equity €538,224 ▲21.8%
Equity rises from €441,712 to €538,224.
06-09
Gazette deed
Company renamed from SADECHAF UV to SADECHAFChange of role: WANKO, from manager to niet statutaire bestuurders · Resignation: IVANA BEHEER (manager) · Appointment: HEYLEN Xavier Jo Suzanne (niet statutaire bestuurders)12 points ▸
Gazette deed
Company renamed from SADECHAF UV to SADECHAF
Change of role: WANKO, from manager to niet statutaire bestuurders · Resignation: IVANA BEHEER (manager) · Appointment: HEYLEN Xavier Jo Suzanne (niet statutaire bestuurders)12 points ▸
- Director resignation, WANKO (manager)
- Director resignation, IVANA BEHEER (manager)
- Director discharge, WANKO
- Director discharge, IVANA BEHEER
- Director appointment, HEYLEN Xavier Jo Suzanne (niet statutaire bestuurders)
- Director appointment, WANKO (niet statutaire bestuurders)
- Permanent representative, Jozef Emiel Cyriel De Groote
- General meeting, 31-08-2021
- Other provision, “toepassing dwingende bepalingen Wetboek van vennootschappen en verenigingen en aanpassing statuten, behoud rechtsvorm besloten vennootschap” (deed in Dutch)
- Name change, SADECHAF
- Purpose change
- Other provision, “aanname volledig nieuwe statuten, Wetboek van vennootschappen en verenigingen” (deed in Dutch)
27-07
abbreviated format · 4 days before the deadline
Show earlier events
2020
31-12
Financial
Weakest financial yearnet -€52,199
The net result drops to -€52,199, the lowest from 2018 to 2025. It recovers the following year.
19-06
abbreviated format · 42 days before the deadline
2019
11-06
abbreviated format · 50 days before the deadline
2018
25-07
abbreviated format · 6 days before the deadline
2017
04-07
abbreviated format · 27 days before the deadline
1992
16-04
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
SADECHAF in Dutch
Former name
SADECHAF UV until the act of 06-09-2021
Enterprise number
0446.933.735
Legal form
Private limited company
Status
Active, normale toestand
Founded
19-03-1992
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 06-09-2021 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 06-09-2021 (in Dutch)Registered office and establishments
Registered office
Slachthuisstraat 120, 2300 Turnhout, Belgium
Establishment unit
SADECHAF UV., Campus Blairon 30, 2300 Turnhout since 10-04-1992 · unit number 2.056.995.559
Activities
NACEBEL 2025VAT activities
46643
Wholesale of electrical equipment, including installation materials main activity
Social security (RSZ) activities
46643
Wholesale of electrical equipment, including installation materials main activity
Codes under NACEBEL 2008
VAT activities
46693
Wholesale trade main activity
Social security (RSZ) activities
46693
Wholesale trade main activity
Codes under NACEBEL 2003
VAT activities
51871
main activity
Social security (RSZ) activities
51871
main activity
Invoicing and payment
VAT number
BE 0446.933.735
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June
deed of 06-09-2021 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
13.4 ha
Building footprint
2.5 ha
Building volume
208,227 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13453O0959/00N004 | Flanders | 13.4 ha | 1 · 2.5 ha | 18.2 m · 3 |