Equity
€18.9m from €41.8m in 2021
Equity fell by 55% in 4 years.
SADEL
Lifetime
20 annual accounts with figures on one time axis, 48 filings since 1978peak €93.9m (2021)
€36.4m▼ 21.3%
peak €9.5m (2021)
€911,397▼ 60.7%
peak €41.8m (2021)
€18.9m▲ 5.1%
€3.2m▲ 20.7%
peak 44.4 FTE (2020)
29.5 FTE▼ 13.2%
Board11 names since 2016
2 directors and 1 other
Owners2 names in the annual accounts
100%
Documentsfilings and deeds
28-07-20263 days before the deadline
2025financial year
Turnover from €46.2m to €36.4mResult from €2.3m to €911,397Staff from 34 FTE to 29.5 FTEDebts from €2.6m to €3.2mInvestments €147,799Cash from €7.1m to €4.5m
Key points
from the 2025 annual accountsResult
€911,397 ▼ 60.7%
The result fell in 2025 from €2.3m to €911,397.
Investments
€147,799 2.5 × depreciation
Green is investment, beige is depreciation.
Staff
34 employees on 31-12-2025
In 2025, 24 people joined and 24 left. On top of that, 2.3 agency workers worked there on average.
Filings
48 annual accounts since 1978
Two of the last ten came late. The 2021 accounts came latest: 31 days after the end of the period.
Board
1 joined · 1 left
Board changed. Latest change 01-04-2026 · 1 in office.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 14,768 companies had the same profile as SADEL has now. Each dot stands for 37 companies, two years later.
96.1%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 14,768 companies, not a prediction for SADEL. 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.
Credit verdict
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Signals
Board and ownership
Chair,
Auditor,
- 100%score equity €122.5m (2025) · annual accounts 2025
Recent changes
1 director appointed, 2 resignations
Permanent representatives: and · Resignations: and · Appointment: · General meeting of 27-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0415013213
1 statutory auditor reappointed, 2 directors reappointed
Permanent representative: · (statutory auditor), (managing director) and (managing director) · General meeting of 28-06-2024 · Gazette deed
Demerger: SADEL splits off to S.E. Industries
Capital decrease of €11,740.08 to €238,259.92 · Capital from €250,000 to €238,259.92 · General meeting of 29-11-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SADEL Nazareth-De Pinte | €36.4m | 2.8% | 76.3% | 29.5 |
| COWATER INTERNATIONAL Schaerbeek | €32.0m | 3.8% | 24.3% | 27.1 |
| Service Organisatie Nascholing Joint Venture en Administratie Antwerp | €74.3m | 0.3% | 20.4% | 31.2 |
| GOPA Pro S.A. Brussels | €34.5m | 4.4% | 16.1% | 42.2 |
| NXTPeople Kortrijk | €23.6m | 88.7% | 14.4% | 20.8 |
| AGRICONSULTING EUROPE Etterbeek | €30.4m | 14.8% | 25.6% | 26.4 |
| IBF International Consulting Brussels | €16.1m | 2.0% | 11.9% | 15.3 |
Grey: the largest companies of the sector (head offices and management consultancy (NACE 70)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SADEL: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €20m and €37m, founded between 1975 and 1994.
Official details
Source: KBO- Status
- Active since 01-04-1975Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Joint committees
- 200Auxiliary committee for white-collar workers
- 149Sectors related to metal, mechanical and electrical engineering · annual accounts 2025
- Establishment unit
- 2.012.990.5209810 Nazareth-De Pinte, since 10-11-1976
- Financial year end
- 31 December
- Peppol
- Reachable since 01-01-2026
Annual accounts 2025
- €24.8m▲ 6.2%
- Employeeson 31-12-2025
- 34=
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on SADEL
SADEL has existed since 1975. Turnover fell from €54.9m in 2006 to €36.4m in 2025 and staff from 43 to 29.5 full-time equivalents.
Turnover has fallen every year since 2021.
holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SADEL
- What is the company number of SADEL?
- The company number of SADEL is 0415.013.213. The VAT number is the same number with BE in front: BE 0415.013.213.
- Where is SADEL based?
- The registered office is at Venecoweg 35, 9810 Nazareth-De Pinte.Company details
- What does SADEL do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of SADEL?
- SADEL is a public limited company (NV).
- When was SADEL founded?
- SADEL was founded on 01-04-1975.
- Is SADEL still active?
- Yes, SADEL is an active enterprise in the KBO register.
- How many employees does SADEL have?
- SADEL had an average of 29.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SADEL fall under?
- In its 2025 annual accounts, SADEL states joint committees 200 (Auxiliary committee for white-collar workers) and 149 (Sectors related to metal, mechanical and electrical engineering).
- What is the turnover of SADEL?
- The turnover of SADEL was €36.4m in financial year 2025, according to the filed annual accounts.
- Is SADEL profitable?
- In financial year 2025, SADEL made a profit of €911,397.
- Where can I find the annual accounts of SADEL?
- SADEL filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SADEL due?
- SADEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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