SODEBEL
ActiveSummary
SODEBEL has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €855,343 and a net result of -€17,603. Equity has been growing by about 7.1% per year since 2019. Its solvency ranks better than 90% of 372 sector peers (NACE 47, financial year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-01-1991 Normal situation
- Activity
- Retail sale of hardware, building materials, paint and glass (general range) NACE 47521
- Joint committee
- 201 Paritair Comité voor de zelfstandige kleinhandel · annual accounts 30-06-2026
- Establishment unit
- 2.052.457.147 4000 Liège, since 19-04-1991
- Financial year end
- 30 June
- Peppol
- Reachable since 03-12-2025
Board and ownership
- ALUCIL MANAGEMENTDirector · since 29-02-2024 · permanent representative Thomas LE BUSSY
- MITHRIL MANAGEMENTDirector · since 29-02-2024 · permanent representative Quentin LE BUSSY
- MITHRIL MANAGEMENT67.2%· score 92annual accounts 30-06-2026
- ALUCIL MANAGEMENT20%annual accounts 30-06-2026
- S.A. GRETRYTAIL12.8%· score 65annual accounts 30-06-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €223,732
- ▲ 55.3%
- Turnover
- ≈ €1.3m
- estimated
- Loss
- €17,603
- ▼ 80.7%
- Equity
- €855,343
- ▼ 13.9%
- Total assets
- €1.0m
- ▼ 10.5%
- Employees on 30-06-2026
- 8
- =
Score breakdownraises riskSector: Retail trade (NACE 47)lowers riskLiquidity: current ratio 5.92, cash €307,580Founded in 1991Equity €855,343 (83.3% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 92% of them on solvency, 87% on liquidity, 20% on profitability and 23% on growth.
The bankruptcy probability was computed on 01-11-2026 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
The company filed its last 7 accounts on average 96 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, full format
Annual accounts 2026 filed on 08-10-2026 at the NBB all 35 filings
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result for 2026 is a loss of €19,993, smaller than the loss of €98,495 in 2025.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 | 30-06-2026 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 7 | 8 | 8 | 8 |
| full-time | 4 | 3 | 3 | 3 | 4 |
| part-time | 4 | 4 | 5 | 5 | 4 |
| in full-time equivalents | 6.6 | 5.6 | 6.1 | 5.9 | 6.4 |
| Average over the year, in full-time equivalents | 6.7 | 6.3 | 6 | 5.9 | 6.3 |
| On a permanent contract | 8 | 7 | 8 | 8 | 6 |
| Joined | 7 | 1 | 4 | 4 | 6 |
| Left | 7 | 2 | 3 | 4 | 6 |
Source: social balance sheet in the 2022 to 2026 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 | 30-06-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,825 | - | - | €48,805 | €7,588 |
| Depreciation and write-downs of the year | €2,263 | €2,055 | €765 | €2,663 | €8,022 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as SODEBEL: retail sale of hardware, building materials, paint and glass (general range) (NACE 47521). They are comparable in size and age: total assets between €751,000 and €1.4m, founded between 1985 and 1994.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| SODEBEL Liège | 1991 | €1.0m | €0.9m | €0.2m | -€0.02m | 6.3 | 2026 |
| GARSOU Theux | 1990 | €1.4m | €1.0m | €0.3m | €0.003m | 7.6 | 2025 |
| BRICOTAM Charleroi | 1993 | €1.2m | €0.7m | €0.3m | €0.02m | 5.6 | 2024 |
| FASGENT Gent | 1994 | €1.0m | €0.8m | €0.3m | -€0.02m | 6.8 | 2025 |
| GENERAL SERVICES BEVEREN Beveren-Kruibeke-Zwijndrecht | 1994 | €1.3m | €0.5m | €0.3m | -€0.01m | 6.3 | 2025 |
| BOUWMATERIALEN SCHUTTERS Antwerpen | 1988 | €0.8m | €0.4m | €0.2m | -€0.1m | 5.5 | 2024 |
| GRUTO Antwerpen | 1985 | €0.9m | -€0.5m | €0.2m | -€0.2m | 8.1 | 2025 |
They were chosen from the 1,277 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 12,322 companies had the same profile as SODEBEL has now. Two years later, 0.7% had gone bankrupt and 90.3% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SODEBEL itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 12,322 companies, not a prediction for SODEBEL. 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €201,641 | €246,247 | €230,470 | €229,885 | €230,137 | ▲ 0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,124 | €2,901 | €2,930 | €2,263 | €2,055 | €765 | €2,663 | €8,022 | ▲ 201% |
| Other operating charges640/8 | - | - | - | €4,389 | €6,844 | €74,558 | €10,033 | €5,565 | ▼ 44.5% |
| Non-recurring operating charges66A | - | - | - | - | - | €20,106 | - | - | - |
| Gross operating margin9900 | €296,005 | €371,300 | €403,706 | €343,054 | €409,551 | €333,367 | €144,085 | €223,732 | ▲ 55.3% |
| Operating profit (loss)9901 | €102,572 | €197,013 | €190,911 | €134,761 | €154,404 | €7,469 | -€98,495 | -€19,993 | ▲ 79.7% |
| Financial income75/76B | - | - | - | €15,668 | €13,030 | €13,949 | €17,798 | €12,460 | ▼ 30.0% |
| Recurring financial income75 | €12,187 | €13,138 | €14,624 | €15,668 | €13,030 | €13,949 | €17,798 | €12,460 | ▼ 30.0% |
| Financial charges65/66B | - | - | - | €6,253 | €7,132 | €8,596 | €10,331 | €10,070 | ▼ 2.5% |
| Recurring financial charges65 | €6,982 | €5,432 | €7,847 | €6,253 | €7,132 | €8,596 | €10,331 | €10,070 | ▼ 2.5% |
| Profit (loss) for the period before taxes9903 | €115,444 | €204,719 | €197,688 | €144,176 | €160,302 | €12,821 | -€91,028 | -€17,603 | ▲ 80.7% |
| Income taxes67/77 | €38,794 | €64,786 | €52,696 | €38,833 | €42,936 | €11,130 | - | - | - |
| Profit (loss) for the period9904 | €76,651 | €139,933 | €144,991 | €105,343 | €117,366 | €1,691 | -€91,028 | -€17,603 | ▲ 80.7% |
| Profit (loss) for the period to be appropriated9905 | €76,651 | €139,933 | €144,991 | €105,343 | €117,366 | €1,691 | -€91,028 | -€17,603 | ▲ 80.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.7m | €0.9m | €1.0m | €1.1m | €1.2m | €1.2m | €1.1m | €1.0m | ▼ 10.5% |
| Fixed assets21/28 | €0.008m | €0.005m | €0.004m | €0.006m | €0.004m | €0.002m | €0.05m | €0.05m | ▼ 0.9% |
| Tangible fixed assets22/27 | €0.008m | €0.005m | €0.004m | €0.006m | €0.004m | €0.002m | €0.05m | €0.05m | ▼ 0.9% |
| Plant, machinery and equipment23 | - | - | - | €0.004m | €0.002m | €0.002m | €0.001m | €0.007m | ▲ 711% |
| Furniture and vehicles24 | - | - | - | €0.002m | €0.001m | - | €0.01m | €0.008m | ▼ 25.3% |
| Other tangible fixed assets26 | - | - | - | - | - | - | €0.04m | €0.03m | ▼ 10.3% |
| Financial fixed assets28 | €175 | €175 | €175 | €175 | €175 | €175 | €175 | €175 | = |
| Current assets29/58 | €0.7m | €0.9m | €1.0m | €1.1m | €1.2m | €1.2m | €1.1m | €1.0m | ▼ 11.0% |
| Stocks and contracts in progress3 | €0.5m | €0.5m | €0.5m | €0.6m | €0.7m | €0.7m | €0.6m | €0.6m | ▼ 3.9% |
| Stocks30/36 | - | - | - | €0.6m | €0.7m | €0.7m | €0.6m | €0.6m | ▼ 3.9% |
| Amounts receivable within one year40/41 | €0.01m | €0.008m | €0.006m | €0.01m | €0.01m | €0.04m | €0.04m | €0.1m | ▲ 165% |
| Trade receivables40 | - | - | - | €0.002m | €0.002m | €0.007m | €0.02m | €0.1m | ▲ 347% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.01m | €0.03m | €0.02m | €0.004m | ▼ 77.6% |
| Current investments50/53 | - | - | €0.3m | €0.3m | €0.2m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.4m | €0.2m | €0.2m | €0.4m | €0.5m | €0.5m | €0.3m | ▼ 35.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.009m | - | €0.009m | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.7m | €0.9m | €1.0m | €1.1m | €1.2m | €1.2m | €1.1m | €1.0m | ▼ 10.5% |
| Equity10/15 | €0.6m | €0.7m | €0.9m | €1.0m | €1.1m | €1.1m | €1.0m | €0.9m | ▼ 13.9% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | €0.4m | €0.5m | €0.7m | €0.8m | €0.9m | €0.9m | €0.8m | €0.7m | ▼ 17.2% |
| Amounts payable17/49 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 10.6% |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 10.7% |
| Trade debts44 | €0.07m | €0.09m | €0.09m | €0.07m | €0.09m | €0.07m | €0.1m | €0.1m | ▲ 20.6% |
| Suppliers440/4 | - | - | - | €0.07m | €0.09m | €0.07m | €0.1m | €0.1m | ▲ 20.6% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | - | €229 | - |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.04m | €0.04m | €0.05m | €0.04m | ▼ 11.1% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.01m | €0.02m | €0.01m | ▼ 26.6% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.02m | €0.03m | €0.03m | €0.03m | ▼ 3.3% |
| Other amounts payable47/48 | - | - | - | €467 | €0.001m | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.007m | ▲ 8.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,651 | €139,933 | €144,991 | €105,343 | €117,366 | €1,691 | -€91,028 | -€17,603 | ▲ 80.7% |
| + Depreciation and write-downs630 | €9,124 | €2,901 | €2,930 | €2,263 | €2,055 | €765 | €2,663 | €8,022 | ▲ 201% |
| Operating cash flow (approximation) | €85,775 | €142,834 | €147,922 | €107,606 | €119,421 | €2,456 | -€88,365 | -€9,581 | ▲ 89.2% |
| Investment in fixed assets (approximation) | - | €0 | -€2,237 | -€3,825 | €0 | €1,380 | -€48,705 | -€7,588 | ▲ 84.4% |
| Change in cash | - | €172,873 | -€182,305 | -€31,228 | €179,573 | €108,178 | €2,525 | -€166,884 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2026 | full format | 08-10-2026 | 2026-00553001 | NBB |
| 30-06-2025 | full format | 14-11-2025 | 2025-00567279 | |
| 30-06-2024 | full format | 06-12-2024 | 2024-00612498 | |
| 30-06-2023 | full format | 07-11-2023 | 2023-00508820 | |
| 30-06-2022 | full format | 07-10-2022 | 2022-20456450 | |
| 30-06-2021 | full format | 27-10-2021 | 2021-73500580 | |
| 30-06-2020 | full format | 29-09-2020 | 2020-56900517 | |
| 30-06-2019 | full format | 11-12-2019 | 2019-75800213 | |
| 30-06-2018 | full format | 01-10-2018 | 2018-67000410 | |
| 30-06-2017 | full format | 11-10-2017 | 2017-66800534 |
Board & ownership
Directors
Board 2
Permanent representatives 2
Owners and capital
Shareholders
3 ownersChain of control
- MITHRIL MANAGEMENT
- SODEBEL
Owners 3
- MITHRIL MANAGEMENTparentEquity €414,795 Profit of €95,772 in 2025 (profit of €68,807 in 2024) Checked score 9267.2%
- Equity €67,685 Profit of €35,532 in 2025 (profit of €31,153 in 2024)20%
- Sourceown accounts 30-06-2026Equity €277,190 Profit of €4,240 in 2025 (profit of €1,587 in 2024) Checked score 6512.8%
Capital transactions
- 04-01-2024 Capital stated in the deed · €62,000 · 11,364 shares
Mandate history
- Board
- Day-to-day management
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| ALUCIL MANAGEMENT |
|
| MITHRIL MANAGEMENT |
|
| Carine DEBREMAEKER |
|
| Christine COIBION |
|
| Damien DEBREMAEKER |
|
| Marc DEBREMAEKER |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Six ans, 3”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Toutes opérations prévues par loi sauf si assemblée en décide autrement majorité des voix”
Articles of association, deed of 04-01-2024 (in French)
Network & group
Connections & network
2 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
02-04
Gazette deed
Resignations: Marc DEBREMAEKER, Christine COIBION and 2 othersAppointments: SRL MITHRIL Management (director) and SRL ALUCIL Management (director) · Permanent representatives: Quentin LE BUSSY and Thomas LE BUSSY9 points ▸
- General meeting, 29-02-2024
- Director resignation, Marc DEBREMAEKER (director)
- Director resignation, Christine COIBION (director)
- Director resignation, Carine DEBREMAEKER (director)
- Director resignation, Damien DEBREMAEKER (director)
- Director appointment, SRL MITHRIL Management (director)
- Director appointment, SRL ALUCIL Management (director)
- Permanent representative, Quentin LE BUSSY
- Permanent representative, Thomas LE BUSSY
04-01
Gazette deed
Reappointments: Marc DEBREMAEKER, Christine COIBION and 2 othersAmendment of the articles · Capital · Registered office clause14 points ▸
- General meeting, 19-12-2023
- Amendment of the articles, 2
- Amendment of the articles
- Capital, €62,000
- Director reappointment, Marc DEBREMAEKER (director)
- Director reappointment, Christine COIBION (director)
- Director reappointment, Carine DEBREMAEKER (director)
- Director reappointment, Damien DEBREMAEKER (director)
- Board meeting, “unanimité, renouvellement administrateur-délégué et Président” (deed in French)
- Director reappointment, Marc DEBREMAEKER (managing director)
- Director reappointment, Marc DEBREMAEKER (chair of the board)
- Registered office clause, “Rue du Laveu,8 à 4000 Liège” (deed in French)
- The act holds 2 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
5 activities
- La fabrication, la vente, le commerce, l'importation, l'exportation, la consignation, la représentation, la location et l'exploitation de tous produits généralement quelconques et de façon plus générale tout ce qui concerne directement ou indirectement la quincaillerie, l'outillage, les articles et produits destinés tant aux activités et travail du bâtiment et de l'industrie, qu'aux activités et travaux d'aménagement, entretien ou embellissement du home et du jardin, la réparation et l'entretien de tout matériel notamment agricole et horticole
- Acheter, prendre à bail, louer, construire, vendre ou échanger tous biens meubles et immeubles matériel et installations
- Réaliser son objet en Belgique et à l'étranger, de toutes les manières et suivant les modalités qui lui paraîtront les mieux appropriées
- S'intéresser, par voie d'apport, de fusion, de souscription ou de toute autre manière, dans toute autre entreprises, association ou société existante ou à créer, en Belgique et à l'étranger, dont l'objet serait similaire, analogue, connexe, ou simplement utile à la réalisation de tout ou partie de son objet
- Faire toutes opérations commerciales, industrielles, financières ou immobilières se rapportant directement ou indirectement, en tout ou en partie, à son objet ou qui serait de nature à en faciliter ou développer la réalisation en particulier créer des bureaux d'études
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteLegal Entity Identifier
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62803D0071/00P000 | Wallonia | 1,937 m² | 1 · 642 m² | 6.5 m · 2 |