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SODESA

Active
Public limited companyfounded 198937 yrs activeKersbeeklaan 308, 1180 Ukkel, BelgiumKBO/BCE: BE 0438.054.473
Summary

SODESA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €280,481 and a net result of -€3,972. Equity remains stable across the filed fiscal years (±0.2% per year). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability17▼-16
Solvency100=
Growth33▼-16
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 6.44; short-term debt: 2.1% of total assets), and 2.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 37 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 15-05-2026, 77 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
77 d early
2024
68 d early
2023
203 d late
2022
523 d late
2021
701 d late
2020
668 d late
2019
620 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 367 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 20 February (4 of the last 5 filed years within 319 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 24 July 1989, SODESA was incorporated.1 Revenue went from EUR 13,686 in 2019 to EUR 13,686 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€13,686=
2024 · €13,686
EBIT margin
-29.0%▼ 16.1pp
2024 · -12.9%
Net result
-€3,972▼ 124%
2024 · -€1,772
Working capital
€32,787▼ 4.5%
2023 · €34,323
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€13,686=€13,686=€13,686=€13,686=€13,686=
Operating result€694▼ 18.7%€389▼ 43.9%-€1,044-€1,772▼ 69.7%-€3,972▼ 124%
Net result€694▼ 15.6%€389▼ 43.9%-€1,061-€1,772▼ 67.0%-€3,972▼ 124%
EBIT margin5.1%▼ 1.2pp2.8%▼ 2.2pp-7.6%▼ 10.5pp-12.9%▼ 5.3pp-29.0%▼ 16.1pp
Equity€286,898▲ 0.2%€287,287▲ 0.1%€286,226▼ 0.4%€284,454▼ 0.6%€280,481▼ 1.4%
Total assets€291,827▼ 2.0%€292,216▲ 0.1%€291,039▼ 0.4%€284,454▼ 2.3%€286,503▲ 0.7%
Debt€4,929▼ 56.9%€4,929=€4,813▼ 2.4%€6,022
Working capital€56,057▲ 3.3%€51,219▼ 8.6%€34,323▼ 33.0%€32,787
Result per fiscal year
Operating resultNet result
-€4,000-€2,000€0Operating result 2021: €694€694Net result 2021: €694€694Operating result 2022: €389€389Net result 2022: €389€389Operating result 2023: -€1,044-€1,044Net result 2023: -€1,061-€1,061Operating result 2024: -€1,772-€1,772Net result 2024: -€1,772-€1,772Operating result 2025: -€3,972-€3,972Net result 2025: -€3,972-€3,97220212022202320242025-€4,000-€3,000-€2,000-€1,000€0Operating result 2023: -€1,044-€1,040Net result 2023: -€1,061-€1,060Operating result 2024: -€1,772-€1,770Net result 2024: -€1,772-€1,770Operating result 2025: -€3,972-€3,970Net result 2025: -€3,972-€3,970202320242025
The operating result stays negative: a loss of €3,972 in 2025 against €1,772 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €286,503
Fixed assets €247,694 ▼ 0.8%
Current assets €38,809 ▲ 12.0%
Equity and liabilities €286,503
Equity €280,481
Debt €6,022
Debt finances 2.1% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€1,868▼
2024 · €332
Cash flow
-€1,868▼
2024 · €332
Current ratio
6.44
Debt to equity
0.02
ROE
-1.4%▼
2024 · -0.6%
ROA
-1.4%▼
2024 · -0.6%
Debt ≤ 1 year
€6,022
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 12,321 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€284,454€286,503▲
Fixed assets21/28€249,799€247,694▼
Tangible fixed assets22/27€249,799€247,694▼
Land and buildings22€237,864€236,477▼
Plant, machinery and equipment23€11,935€11,217▼
Current assets29/58€34,655€38,809▲
Amounts receivable after more than one year29€34,655€38,809▲
Other amounts receivable291€34,655€38,809▲
Equity and liabilities
Total equity and liabilities10/49€284,454€286,503▲
Equity10/15€284,454€280,481▼
Contributions10/11€309,867€309,867=
Capital10€309,867€309,867=
Issued capital100€309,867€309,867=
Reserves13€1,897€1,897=
Non-distributable reserves130/1€1,897€1,897=
Legal reserve130€1,897€1,897=
Profit (loss) carried forward14-€27,310-€31,283▼
Amounts payable17/49-€6,022
Amounts payable within one year42/48-€6,022
Trade debts44-€400
Suppliers440/4-€400
Taxes, remuneration and social security45-€5,622
Taxes450/3-€5,622
Income statement Code20242025
Turnover70€13,686€13,686=
Goods, raw materials, services and sundry goods60/61€7,515€8,184▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,104€2,104=
Other operating charges640/8€5,839€7,369▲
Gross operating margin9900€6,171€5,501▼
Operating profit (loss)9901-€1,772-€3,972▼
Profit (loss) for the period before taxes9903-€1,772-€3,972▼
Profit (loss) for the period9904-€1,772-€3,972▼
Profit (loss) for the period to be appropriated9905-€1,772-€3,972▼
Appropriation of the result
Profit (loss) to be appropriated9906-€27,310-€31,283▼
Profit (loss) brought forward from the previous period14P-€25,538-€27,311▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€13,686€13,686€13,686€13,686€13,686=
Goods, raw materials, services and sundry goods60/61€6,670€7,060€7,366€7,515€8,184▲ 8.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,109€1,109€1,546€2,104€2,104=
Other operating charges640/8€5,213€5,128€5,818€5,839€7,369▲ 26.2%
Gross operating margin9900€7,016€6,626€6,320€6,171€5,501▼ 10.9%
Operating profit (loss)9901€694€389-€1,044-€1,772-€3,972▼ 124%
Financial charges65/66B--€17---
Recurring financial charges65--€17---
Non-recurring financial charges66B--€17---
Profit (loss) for the period before taxes9903€694€389-€1,061-€1,772-€3,972▼ 124%
Profit (loss) for the period9904€694€389-€1,061-€1,772-€3,972▼ 124%
Profit (loss) for the period to be appropriated9905€694€389-€1,061-€1,772-€3,972▼ 124%
Line20212022202320242025Change
Assets
Total assets20/58€291,827€292,216€291,039€284,454€286,503▲ 0.7%
Fixed assets21/28€230,841€236,068€251,903€249,799€247,694▼ 0.8%
Tangible fixed assets22/27€230,841€236,068€251,903€249,799€247,694▼ 0.8%
Land and buildings22€225,163€224,306€239,250€237,864€236,477▼ 0.6%
Plant, machinery and equipment23€5,678€11,762€12,653€11,935€11,217▼ 6.0%
Current assets29/58€60,986€56,148€39,136€34,655€38,809▲ 12.0%
Amounts receivable after more than one year29---€34,655€38,809▲ 12.0%
Other amounts receivable291---€34,655€38,809▲ 12.0%
Amounts receivable within one year40/41€60,986€56,148€39,136---
Trade receivables40€60,986€56,148----
Other amounts receivable41--€39,136---
Equity and liabilities
Total equity and liabilities10/49€291,827€292,216€291,039€284,454€286,503▲ 0.7%
Equity10/15€286,898€287,287€286,226€284,454€280,481▼ 1.4%
Contributions10/11€309,867€309,867€309,867€309,867€309,867=
Capital10€309,867€309,867€309,867€309,867€309,867=
Issued capital100€309,867€309,867€309,867€309,867€309,867=
Reserves13€1,877€1,897€1,897€1,897€1,897=
Non-distributable reserves130/1€1,877€1,897€1,897€1,897€1,897=
Legal reserve130€1,877€1,897€1,897€1,897€1,897=
Profit (loss) carried forward14-€24,846-€24,477-€25,538-€27,310-€31,283▼ 14.5%
Amounts payable17/49€4,929€4,929€4,813-€6,022-
Amounts payable within one year42/48€4,929€4,929€4,813-€6,022-
Trade debts44--€231-€400-
Suppliers440/4--€231-€400-
Taxes, remuneration and social security45€4,582€4,582€4,582-€5,622-
Taxes450/3€4,582€4,582€4,582-€5,622-
Other amounts payable47/48€347€347----
Line20212022202320242025Change
Profit (loss) for the period9904€694€389-€1,061-€1,772-€3,972▼ 124%
+ Depreciation and write-downs630€1,109€1,109€1,546€2,104€2,104=
Operating cash flow (approximation)€1,803€1,498€485€332-€1,868▼ 663%
Investment in fixed assets (approximation)--€6,336-€17,381€0€1-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-05
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Weakest financial yearnet -€3,972
Net result drops to -€3,972, the lowest in the series.
24-05
NBB filing Annual accounts filed
fiscal year 2024 · full schema
19-02
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 203 days late
04-01
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 523 days late
2024
01-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 701 days late
2023
30-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 668 days late
2022
12-04
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 620 days late
2021
31-12
Financial Liquidity doublescurrent ratio 12.37
Current ratio from 5.75 to 12.37; short-term debt falls from €11,433 to €4,929.
2020
31-12
Financial Back to profitnet €822
Net result €822 after 2 loss-making years.
2019
12-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 12 days late
2018
22-09
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 53 days late
02-01
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 155 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1989
seat establishment The establishment unit on the map
Ground area
520 m²
Building footprint
277 m²
Volume, LiDAR
1,965 m³
2 parcels, Brussels · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
446 companies at this address See who is registered here
1 establishment unit
SODESA
Denneboslaan 29, 1180 UkkelNACE 70201
since 19892.044.911.141
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21616G0030/00T016 Brussels 342 m² 1 · 99 m² 13.8 m · 3 fl.
21614H0055/00C031 Brussels 178 m² 1 · 178 m² 9.8 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded24-07-1989
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.