Summary
SODEBA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €71.6m and a net result of €58.7m, of which €58.3m non-recurring income. Equity is growing by about 10% per year across the filed financial years. Its solvency ranks better than 78% of 3,016 sector peers (NACE 64, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
In the rankings
#4 company by equity in Grimbergen, Finance and insurance sector#5 company by total assets in Grimbergen, Finance and insurance sector
Equity
€71.6m▲ 424%
2024 · €13.7m
Net result
€58.7m▲ 14×
2024 · €4.1m
Total assets
€79.3m▲ 446%
2024 · €14.5m
Solvency
90.3%▼ 3.8pp
2024 · 94.1%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €703,875 after €74,321 in 2024, the lowest 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.
Turnover€0.2m
2025
Operating result-€0.7m
2025
Net result€58.7m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€79.3m
2025
Equity€71.6m
2025
Debt€7.7m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€67.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)74.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency90.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio52.92
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€0.1m-€0.1m▼ 2.9%€0.1m▼ 6.1%€0.1m▲ 20.3%€0.1m▼ 10.3%€0.1m▼ 1.3%€0.2m▲ 73.2%
Operating result€0.08m-€0.1m▲ 36.2%€0.1m▼ 6.3%€0.1m▲ 20.2%€0.1m▼ 10.8%€0.07m▼ 35.1%-€0.7m
Net result€0.4m-€0.02mwithin the sector's middle half▼ 93.4%€0.7mwithin the sector's middle half▲ 28×€1.0mabove the sector's middle half▲ 53.7%€1.0mwithin the sector's middle half▲ 0.6%€4.1mabove the sector's middle half▲ 292%€58.7mabove the sector's middle half▲ 14×
Equity€8.4m-€8.3mwithin the sector's middle half▼ 0.5%€8.9mwithin the sector's middle half▲ 6.9%€9.8mwithin the sector's middle half▲ 9.4%€10.3mwithin the sector's middle half▲ 5.5%€13.7mwithin the sector's middle half▲ 32.7%€71.6mabove the sector's middle half▲ 424%
Total assets€11.9m-€11.6mwithin the sector's middle half▼ 2.4%€11.6mwithin the sector's middle half▲ 0.1%€11.6mwithin the sector's middle half▼ 0.1%€11.7mwithin the sector's middle half▲ 1.2%€14.5mwithin the sector's middle half▲ 23.9%€79.3mabove the sector's middle half▲ 446%
Debt€3.5m-€3.2m▼ 7.3%€2.7m▼ 17.4%€1.8m▼ 31.6%€1.4m▼ 22.1%€0.9m▼ 39.6%€7.7m▲ 797%
Working capital-€1.6m--€1.7mbelow the sector's middle half▼ 2.7%-€1.5mbelow the sector's middle half▲ 13.2%-€0.9mbelow the sector's middle half▲ 35.3%-€0.7mbelow the sector's middle half▲ 25.8%€2.2mabove the sector's middle half€67.3mabove the sector's middle half▲ 31×
Solvency70.6%-72.1%within the sector's middle half▲ 1.4pp77.0%within the sector's middle half▲ 4.9pp84.2%above the sector's middle half▲ 7.3pp87.9%above the sector's middle half▲ 3.6pp94.1%above the sector's middle half▲ 6.2pp90.3%above the sector's middle half▼ 3.8pp
Current ratio0.15-0.00below the sector's middle half▼ 0.150.01below the sector's middle half▲ 0.010.01below the sector's middle half=0.17below the sector's middle half▲ 0.163.79above the sector's middle half▲ 3.6252.92above the sector's middle half▲ 49.13
Return on assets (ROA)3.0%-0.2%within the sector's middle half▼ 2.8pp5.8%within the sector's middle half▲ 5.6pp8.9%above the sector's middle half▲ 3.1pp8.8%within the sector's middle half▼ 0.1pp27.9%above the sector's middle half▲ 19.1pp74.1%above the sector's middle half▲ 46.1pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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.
Why a figure moved sharply
- 2025 Net result +1,348% on 2024. This financial year ran 18 months, the previous one 12.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79.3m
Fixed assets
€10.7m ▼ 7.3%
Current assets
€68.6m ▲ 23×
Equity and liabilities €79.3m
Equity
€71.6m ▲ 424%
Debt
€7.7m ▲ 797%
Debt's share of the balance-sheet total rises from 5.9% to 9.7%. Equity and debt are higher.
Key figures and ratios
ROE
82.0%▲
2024 · 29.7%
Debt ≤ 1 year
€1.3m▲
2024 · €776,981
Debt > 1 year
€6.4m▲
2024 · €81,426
Income taxes
€164,701▲
2024 · €20,495
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 73.2% |
| Turnover70 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 73.2% |
| Operating charges60/66A | - | - | - | €0.002m | €0.002m | €0.04m | €0.9m | ▲ 22× |
| Services and other goods61 | - | - | - | €0.001m | €0.002m | €0.04m | €0.9m | ▲ 23× |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 4.4% |
| Operating profit (loss)9901 | €0.08m | €0.1m | €0.1m | €0.1m | €0.1m | €0.07m | -€0.7m | - |
| Financial income75/76B | - | - | - | €1.0m | €1.0m | €4.0m | €59.8m | ▲ 15× |
| Recurring financial income75 | €0.4m | €0 | €0.6m | €1.0m | €1.0m | €4.0m | €1.5m | ▼ 61.6% |
| Income from financial fixed assets750 | - | - | - | €1.0m | €1.0m | €4.0m | €0.8m | ▼ 80.7% |
| Income from current assets751 | - | - | - | €0 | €0 | €0.02m | €0.7m | ▲ 36× |
| Other financial income752/9 | - | - | - | - | - | €0 | €0.1m | ▲ 2,893,257× |
| Non-recurring financial income76B | - | - | - | - | - | - | €58.3m | - |
| Financial charges65/66B | - | - | - | €0.05m | €0.03m | €0.01m | €0.2m | ▲ 19× |
| Recurring financial charges65 | €0.08m | €0.08m | €0.08m | €0.05m | €0.03m | €0.01m | €0.2m | ▲ 19× |
| Debt charges650 | €0.08m | €0.08m | €0.08m | €0.05m | €0.03m | €0.01m | €0.006m | ▼ 36.5% |
| Other financial charges652/9 | - | - | - | €0.001m | €0.001m | €0.001m | €0.2m | ▲ 186× |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.03m | €0.7m | €1.0m | €1.1m | €4.1m | €58.9m | ▲ 14× |
| Income taxes67/77 | €0.001m | €0.01m | €0.006m | €0.02m | €0.02m | €0.02m | €0.2m | ▲ 704% |
| Taxes670/3 | - | - | - | €0.02m | €0.02m | €0.02m | €0.2m | ▲ 704% |
| Profit (loss) for the period9904 | €0.4m | €0.02m | €0.7m | €1.0m | €1.0m | €4.1m | €58.7m | ▲ 14× |
| Profit (loss) for the period to be appropriated9905 | €0.4m | €0.02m | €0.7m | €1.0m | €1.0m | €4.1m | €58.7m | ▲ 14× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €11.9m | €11.6m | €11.6m | €11.6m | €11.7m | €14.5m | €79.3m | ▲ 446% |
| Fixed assets21/28 | €11.6m | €11.6m | €11.6m | €11.6m | €11.6m | €11.6m | €10.7m | ▼ 7.3% |
| Financial fixed assets28 | €11.6m | €11.6m | €11.6m | €11.6m | €11.6m | €11.6m | €10.7m | ▼ 7.3% |
| Affiliated companies280/1 | - | - | - | €11.6m | €11.6m | €11.6m | €0.7m | ▼ 93.6% |
| Participating interests280 | - | - | - | €11.6m | €11.6m | €11.6m | €0.7m | ▼ 93.6% |
| Other financial fixed assets284/8 | - | - | - | - | - | - | €10.0m | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | - | - | €10.0m | - |
| Current assets29/58 | €0.3m | €0.005m | €0.02m | €0.008m | €0.1m | €2.9m | €68.6m | ▲ 23× |
| Stocks and contracts in progress3 | - | - | - | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | - | - | €0.004m | €0 | €319 | €0.005m | €0.4m | ▲ 65× |
| Other amounts receivable41 | - | - | - | €0 | €319 | €0.005m | €0.4m | ▲ 65× |
| Current investments50/53 | - | - | - | - | - | €1.2m | €64.3m | ▲ 54× |
| Own shares50 | - | - | - | - | - | - | €6.9m | - |
| Other investments51/53 | - | - | - | - | - | €1.2m | €57.4m | ▲ 49× |
| Cash at bank and in hand54/58 | €0.07m | €0.005m | €0.01m | €0.008m | €0.1m | €1.8m | €3.6m | ▲ 108% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.3m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €11.9m | €11.6m | €11.6m | €11.6m | €11.7m | €14.5m | €79.3m | ▲ 446% |
| Equity10/15 | €8.4m | €8.3m | €8.9m | €9.8m | €10.3m | €13.7m | €71.6m | ▲ 424% |
| Contributions10/11 | €7.5m | €7.5m | €7.5m | €7.5m | €7.5m | €7.5m | €7.5m | = |
| Capital10 | - | - | - | €7.5m | €7.5m | €7.5m | €7.5m | = |
| Issued capital100 | - | - | - | €7.5m | €7.5m | €7.5m | €7.5m | = |
| Reserves13 | €0.06m | €0.06m | €0.09m | €0.1m | €0.2m | €0.4m | €7.7m | ▲ 19× |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.2m | €0.4m | €7.7m | ▲ 19× |
| Legal reserve130 | - | - | - | €0.1m | €0.2m | €0.4m | €0.8m | ▲ 88.0% |
| Own shares acquired1312 | - | - | - | - | - | - | €6.9m | - |
| Profit (loss) carried forward14 | €0.8m | €0.8m | €1.3m | €2.1m | €2.6m | €5.7m | €56.4m | ▲ 884% |
| Amounts payable17/49 | €3.5m | €3.2m | €2.7m | €1.8m | €1.4m | €0.9m | €7.7m | ▲ 797% |
| Amounts payable after more than one year17 | €1.5m | €1.5m | €1.2m | €0.8m | €0.5m | €0.08m | €6.4m | ▲ 79× |
| Financial debts170/4 | - | - | - | €0.8m | €0.5m | €0.08m | €6.4m | ▲ 79× |
| Credit institutions173 | - | - | - | €0.2m | €0.2m | €0.08m | €0 | ▼ 100% |
| Other loans174 | - | - | - | €0.6m | €0.4m | €0 | €6.4m | - |
| Amounts payable within one year42/48 | €1.9m | €1.7m | €1.5m | €0.9m | €0.8m | €0.8m | €1.3m | ▲ 66.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.3m | €0.08m | €0.08m | €0.5m | ▲ 453% |
| Financial debts43 | - | - | - | €0.5m | €0.3m | €0 | - | - |
| Credit institutions430/8 | - | - | - | €0.5m | €0.3m | €0 | - | - |
| Trade debts44 | €0.001m | €0.001m | €0.001m | €0.001m | €0.002m | €0.004m | €0.04m | ▲ 956% |
| Suppliers440/4 | - | - | - | €0.001m | €0.002m | €0.004m | €0.04m | ▲ 956% |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €0.005m | €0 | €0.002m | - |
| Taxes450/3 | - | - | - | €0.004m | €0.005m | €0 | €0.002m | - |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.5m | €0.7m | €0.8m | ▲ 15.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.06m | €0.06m | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | €0.02m | €0.7m | €1.0m | €1.0m | €4.1m | €58.7m | ▲ 14× |
| Operating cash flow (approximation) | €0.4m | €0.02m | €0.7m | €1.0m | €1.0m | €4.1m | €58.7m | ▲ 14× |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€0.005m | €0 | €0.8m | - |
| Change in cash | - | -€0.07m | €0.007m | -€0.004m | €0.1m | €1.6m | €1.9m | ▲ 16.9% |
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 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 31-07-2026 | 2026-00375342 |
| 30-06-2024 | full format | 14-01-2025 | 2025-00005262 |
| 30-06-2023 | full format | 25-12-2023 | 2023-00536751 |
| 30-06-2022 | full format | 06-01-2023 | 2023-20553943 |
| 30-06-2021 | full format | 31-01-2022 | 2022-02800473 |
| 30-06-2020 | full format | 19-01-2021 | 2021-01000405 |
| 30-06-2019 | full format | 31-01-2020 | 2020-02800133 |
| 30-06-2018 | full format | 31-01-2019 | 2019-03200081 |
| 30-06-2017 | full format | 21-12-2017 | 2017-72400214 |
| 30-06-2016 | full format | 31-01-2017 | 2017-03400082 |
Similar companies · same sector, comparable size
T.T. HOLDINGS
BE 0712.691.464
Kortrijk · equity €71.8m
DEBINCO
BE 0466.355.214
Ieper · equity €71.9m
DP World Antwerp Ports & Terminals
BE 0406.070.605
Beveren · equity €71.2m
ION HOLDING
BE 0840.549.639
Waregem · equity €72.1m
ALTERFIN
BE 0453.804.602
Sint-Joost-ten-Node · equity €72.4m
Of the 24,457 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,067. 2,227 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.