Sodeal
ActiveSummary
Sodeal has been active since 1970 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €738,310 and a net result of €621,931, of which €611,807 non-recurring income. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 481 sector peers (NACE 95, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Staff
- 4.8 FTE
- Equity
- €738,310
- Profit
- €621,931
- Parent
- Le Roseau SA · 82.18%
- Adam Gerrard GreenDirector
- Nazim llyasDirector
Why 86raises riskEquity €738,310 (16.2% of total assets)Liquidity: current ratio 0.23, cash €272,522Sector: Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)lowers riskSize: 4.8 FTE, total assets €4.6mShow the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 95, micro): better than 27% on solvency, 14% on liquidity, 68% on profitability and 96% on growth.
The bankruptcy probability was computed on 29-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 46 days before the deadline; the sector median (NACE 95) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Back to profitnet €621,931
- Equity above €500,000equity €738,310
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95.1% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,818 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.007m | €0 | €0.03m | €0 | €0.6m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.6m | €0.5m | €0.6m | €0.7m | €0.7m | ▲ 5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.7m | €0.7m | €0.6m | €0.6m | €0.5m | €1.1m | €0.6m | €0.6m | ▼ 3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.1m | -€0.06m | -€0.03m | €0.08m | €0.02m | ▼ 74.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.1m | -€0.004m | -€0.04m | €0.02m | €0.02m | ▼ 26.5% |
| Other operating charges640/8 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 8.8% |
| Non-recurring operating charges66A | - | - | - | - | - | €1.3m | €0 | - | - |
| Gross operating margin9900 | €1.4m | €1.4m | €0.8m | €1.4m | €1.7m | €1.7m | €1.8m | €2.5m | ▲ 43.0% |
| Operating profit (loss)9901 | -€0.001m | -€0.2m | -€0.5m | €0.2m | €0.5m | -€1.4m | €0.1m | €0.9m | ▲ 798% |
| Financial income75/76B | - | - | - | €0.2m | €92 | €3 | €0 | €185 | - |
| Recurring financial income75 | €12 | €336 | €72 | €0 | €92 | €3 | €0 | €185 | - |
| Non-recurring financial income76B | - | - | - | €0.2m | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.1m | €0.08m | €0.4m | €0.4m | €0.3m | ▼ 39.5% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.4m | €0.4m | €0.3m | ▼ 39.5% |
| Profit (loss) for the period before taxes9903 | -€0.1m | -€0.3m | -€0.6m | €0.3m | €0.4m | -€1.7m | -€0.3m | €0.6m | - |
| Income taxes67/77 | €0.002m | €0.001m | €0.001m | -€40 | €0.01m | €0.001m | €0.001m | €0.001m | ▼ 23.6% |
| Profit (loss) for the period9904 | -€0.1m | -€0.3m | -€0.6m | €0.3m | €0.4m | -€1.7m | -€0.3m | €0.6m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.1m | -€0.3m | -€0.6m | €0.3m | €0.4m | -€1.7m | -€0.3m | €0.6m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.8m | €4.5m | €5.2m | €3.7m | €3.6m | €7.5m | €7.3m | €4.6m | ▼ 37.2% |
| Fixed assets21/28 | €4.1m | €3.8m | €4.6m | €3.0m | €2.8m | €6.4m | €6.4m | €3.9m | ▼ 39.8% |
| Intangible fixed assets21 | €0.1m | €0.07m | €0.01m | €0.005m | €0.001m | €0.02m | €0.01m | €0.01m | ▼ 12.4% |
| Tangible fixed assets22/27 | €3.4m | €3.1m | €2.6m | €2.9m | €2.7m | €6.2m | €6.3m | €3.6m | ▼ 42.2% |
| Land and buildings22 | - | - | - | €1.4m | €1.2m | €3.9m | €4.2m | €1.4m | ▼ 65.4% |
| Plant, machinery and equipment23 | - | - | - | €1.5m | €1.4m | €2.3m | €2.1m | €2.2m | ▲ 4.9% |
| Furniture and vehicles24 | - | - | - | €0.004m | €0.005m | €0.003m | €0.001m | €92 | ▼ 93.0% |
| Financial fixed assets28 | €0.6m | €0.6m | €2.0m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 84.9% |
| Current assets29/58 | €0.7m | €0.7m | €0.6m | €0.7m | €0.8m | €1.1m | €0.9m | €0.7m | ▼ 17.6% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.4m | €0.2m | €0.2m | ▼ 7.7% |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | €0.4m | €0.2m | €0.2m | ▼ 7.7% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | ▲ 33.4% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | ▲ 33.4% |
| Other amounts receivable41 | - | - | - | €0.002m | €0.03m | €0 | - | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | ▼ 32.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.05m | €0.08m | €0.1m | €0.1m | €0.08m | ▼ 38.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.8m | €4.5m | €5.2m | €3.7m | €3.6m | €7.5m | €7.3m | €4.6m | ▼ 37.2% |
| Equity10/15 | -€0.1m | -€0.4m | €0.3m | €0.7m | €1.1m | -€0.3m | -€0.6m | €0.7m | - |
| Contributions10/11 | €0.5m | €0.5m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €2.9m | ▲ 60.4% |
| Capital10 | - | - | - | €1.8m | €1.8m | €1.8m | €1.8m | €2.9m | ▲ 60.4% |
| Issued capital100 | - | - | - | €1.8m | €1.8m | €1.8m | €1.8m | €2.9m | ▲ 60.4% |
| Revaluation surpluses12 | - | - | - | - | - | €0.4m | €0.3m | €0 | ▼ 100% |
| Reserves13 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.07m | €0.08m | €0.08m | = |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Legal reserve130 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Distributable reserves133 | - | - | - | - | - | €0.01m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | -€0.7m | -€1.0m | -€1.5m | -€1.2m | -€0.8m | -€2.5m | -€2.9m | -€2.3m | ▲ 21.5% |
| Provisions and deferred taxes16 | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | €0.3m | €0.3m | ▲ 6.5% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.3m | €0.3m | €0.2m | €0.3m | €0.3m | ▲ 6.5% |
| Major repairs and maintenance162 | - | - | - | €0.3m | €0.3m | €0.2m | €0.3m | €0.3m | ▲ 6.5% |
| Amounts payable17/49 | €4.5m | €4.4m | €4.5m | €2.8m | €2.2m | €7.5m | €7.7m | €3.5m | ▼ 53.6% |
| Amounts payable after more than one year17 | €3.4m | €0 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.8m | €4.1m | €4.2m | €2.4m | €1.8m | €7.1m | €7.3m | €3.2m | ▼ 56.4% |
| Financial debts43 | - | - | - | €1.8m | €1.2m | €6.0m | €6.5m | €2.5m | ▼ 62.5% |
| Credit institutions430/8 | - | - | - | €1.8m | €0 | - | - | - | - |
| Other loans439 | - | - | - | - | €1.2m | €6.0m | €6.5m | €2.5m | ▼ 62.5% |
| Trade debts44 | €0.7m | €0.5m | €0.3m | €0.4m | €0.4m | €0.9m | €0.5m | €0.5m | ▼ 13.4% |
| Suppliers440/4 | - | - | - | €0.4m | €0.4m | €0.9m | €0.5m | €0.5m | ▼ 13.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 20.3% |
| Taxes450/3 | - | - | - | €0.06m | €0.06m | €0.07m | €0.06m | €0.07m | ▲ 10.4% |
| Remuneration and social security454/9 | - | - | - | €0.09m | €0.1m | €0.08m | €0.1m | €0.2m | ▲ 24.9% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.03m | €0.03m | €0.02m | €0.02m | ▼ 14.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 2.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.1m | -€0.3m | -€0.6m | €0.3m | €0.4m | -€1.7m | -€0.3m | €0.6m | - |
| + Depreciation and write-downs630 | €0.7m | €0.7m | €0.6m | €0.6m | €0.5m | €1.1m | €0.6m | €0.6m | ▼ 3.8% |
| Operating cash flow (approximation) | €0.6m | €0.5m | €0.06m | €0.9m | €0.9m | -€0.7m | €0.3m | €1.2m | ▲ 313% |
| Investment in fixed assets (approximation) | - | -€0.4m | -€1.5m | €1.0m | -€0.3m | -€4.6m | -€0.7m | €1.9m | - |
| Change in cash | - | €0.01m | -€0.03m | €0.1m | €0.04m | €0.09m | -€0.03m | -€0.1m | ▼ 306% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 09-07-2026 | 2026-00293005 |
| 31-12-2024 | abbreviated format | 16-06-2025 | 2025-00144376 |
| 31-12-2023 | abbreviated format | 06-06-2024 | 2024-00118976 |
| 31-12-2022 | abbreviated format | 14-06-2023 | 2023-00132204 |
| 31-12-2021 | abbreviated format | 16-06-2022 | 2022-20074833 |
| 31-12-2020 | abbreviated format | 10-06-2021 | 2021-19700524 |
| 31-12-2019 | abbreviated format | 03-06-2020 | 2020-14300078 |
| 31-12-2018 | abbreviated format | 05-06-2019 | 2019-16300267 |
| 31-12-2017 | abbreviated format | 07-06-2018 | 2018-16500147 |
| 31-12-2016 | abbreviated format | 14-06-2017 | 2017-19000102 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 · 1 entry · €2,000 awarded · €2,000 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Adam Gerrard Green |
|
| Nazim llyas |
|
| BV Baker Tilly Bedrijfsrevisoren |
|
| Tracy Gehlan |
|
| Jan Valt |
|
Owners and capital
Owners
3 ownersChain of control
- Driven Brands IncUS
- Le Roseau SALU
- Sodeal
Highest known parent: Driven Brands Inc (United States). The sources do not say who stands above it.
Owners 3
- Le Roseau SALUparentSourceown accounts 202582.18%
- Driven Brands IncUSconsolidating parentconsolidates
- IPICNLSourceown accounts 202517.82%
According to the 2025 annual accounts of Sodeal and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- le Roseau SA 44,372 shares · €1,100,000 · schuldvordering
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 27-11-2025 Capital increase of €1,100,000 · to €2,921,413.89 · 44,372 new shares · in kind
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
27-11
Gazette deed
Reappointment: Baker Tilly Bedrijfsrevisoren bv (statutory auditor)Declaration · Capital increase · Capital contribution12 facts ▸
- General meeting, 14-11-2025
- Auditor reappointment, Baker Tilly Bedrijfsrevisoren bv (statutory auditor)
- Other provision, “kennisname van verslagen inbreng in natura” (deed in Dutch)
- Declaration, “ontvangst en geen opmerkingen over verslagen” (deed in Dutch)
- Capital increase, €1,100,000
- Capital contribution, €1,100,000
- Share issue, 44372, EUR
- Capital, €2,921,413.89
- Amendment of the articles, (5)
- Power of attorney, Lens. Abbeloos Notarissen
- Power of attorney
- Other provision, “stemming, eenparigheid van stemmen” (deed in Dutch)
11-06
Gazette deed
Resignation: Tracy Gehlan (director)Appointment: Nazim llyas (director)3 facts ▸
- General meeting, 02-05-2025
- Director resignation, Tracy Gehlan (director)
- Director appointment, Nazim llyas (director)
10-03
Gazette deed
Resignation: Jan Valt (director)Appointment: Adam Gerrard Green (director)3 facts ▸
- General meeting, 17-01-2025
- Director resignation, Jan Valt (director)
- Director appointment, Adam Gerrard Green (director)
16-09
Gazette deed
Reappointment: Baker Tiliy Belgium Bedrijfsrevisoren CVBA (statutory auditor)2 facts ▸
- General meeting, 07-06-2022
- Auditor reappointment, Baker Tiliy Belgium Bedrijfsrevisoren CVBA (statutory auditor)
Show earlier events
About the unread acts
Of the 25 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 21 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
22 establishment units
Show 16 more locations
20 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46445D1155/00R000 | Flanders | 10.8 ha | 1 · 5.0 ha | 18.2 m · 2 |
| 34352B0962/00W000 | Flanders | 4.9 ha | 1 · 1.5 ha | - |
| 23062M0731/00P000 | Flanders | 1.8 ha | 1 · 5,042 m² | 14.8 m · 2 |
| 21306C0176/00M000 | Brussels | 6,502 m² | 1 · 1,071 m² | 10.4 m · 2 |
| 23086B0323/00Z000 | Flanders | 5,707 m² | 1 · 2,662 m² | 8.7 m · 2 |
| 71305F0954/00C027 | Flanders | 5,403 m² | 1 · 1,482 m² | 8.5 m · 2 |
| 25772K0030/00H000 | Wallonia | 3,684 m² | 1 · 398 m² | - |
| 44808H0727/00M000 | Flanders | 3,518 m² | 1 · 160 m² | 5.3 m · 1 |
| 24514A0095/00A007 | Flanders | 3,420 m² | 1 · 1,892 m² | 6.0 m · 2 |
| 71004A0222/00P000 | Flanders | 3,325 m² | 1 · 782 m² | 7.5 m · 2 |
| 21002A0173/00P004 | Brussels | 1,459 m² | 1 · 553 m² | 13.4 m · 1 |
| 25764P0038/00G000 | Wallonia | 1,441 m² | 1 · 197 m² | 4.5 m · 1 |
| 52502C0335/00N004 | Wallonia | 1,437 m² | 1 · 196 m² | 5.4 m · 1 |
| 23016D0234/00R009 | Flanders | 1,187 m² | 1 · 146 m² | 8.8 m · 1 |
| 21308H0538/00P002 | Brussels | 955 m² | 1 · 194 m² | 11.0 m · 1 |
| 92302E0246/00P003 | Wallonia | 893 m² | 1 · 217 m² | 6.4 m · 2 |
| 21612C0282/00H000 | Brussels | 733 m² | 1 · 278 m² | 14.0 m · 1 |
| 57462A0281/00L023 | Wallonia | 217 m² | 1 · 54 m² | 15.7 m · 5 |
| 23084A0352/00G009 | Flanders | 159 m² | 1 · 125 m² | 9.3 m · 2 |
| 12403E0482/00X000 | Flanders | 114 m² | 1 · 81 m² | 9.8 m · 3 |