Sodiwe
ActiveSodiwe has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9.86M and a net result of €731k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 352 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
63
/ 100
Healthy▼ -21 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability48▼-18
Solvency40▲+2
Growth68=
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.18 in 2023), and 75.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Sector 78
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
24.3%
Return on assets
1.8%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
34 d early
2022
46 d early
2021
37 d early
2020
40 d early
2019
35 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€9.34M▲ 3.0%
2023 · €9.07M
2018: €7.23M
2019: €7.68M
2020: €7.44M
2021: €7.51M
2022: €8.53M
2023: €9.07M
2018 → 2024
EBIT margin
4.1%▼ 4.3pp
2023 · 8.4%
2018: 6.7%
2019: 8.7%
2020: 5.2%
2021: 1.1%
2022: 8.5%
2023: 8.4%
2018 → 2024
Net result
€731k▼ 20.0%
2023 · €914k
2018: €663k
2019: €736k
2020: €436k
2021: €321k
2022: €747k
2023: €914k
2018 → 2024
Working capital
€5.84M▲ 11.5%
2023 · €5.24M
2018: €2.41M
2019: €2.45M
2020: €3.11M
2021: €3.57M
2022: €4.36M
2023: €5.24M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€7.44M-€7.51M▲ 1.0%€8.53M▲ 13.5%€9.07M▲ 6.3%€9.34M▲ 3.0%
Equity€7.15M-€7.47M▲ 4.5%€8.21M▲ 10.0%€9.13M▲ 11.1%€9.86M▲ 8.0%
Operating result€384k-€84k▼ 78.2%€721k▲ 760%€765k▲ 6.1%€385k▼ 49.6%
Net result€436k-€321k▼ 26.3%€747k▲ 133%€914k▲ 22.3%€731k▼ 20.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 50% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €40.55M
Fixed assets
€4.68M▲ 0.8%
Current assets
€35.87M▲ 5.2%
Equity and liabilities €40.55M
Equity
€9.86M▲ 8.0%
Provisions
€123k▲ 6.4%
Debt
€30.57M▲ 3.6%
The debt ratio falls from 76.1% to 75.4%: equity grows faster than debt.
Key figures and ratios
EBITDA
€815k▼
2023 · €1.32M
Cash flow
€1.16M▼
2023 · €1.47M
Solvency
24.3%▲
2023 · 23.6%
Current ratio
1.19▲
2023 · 1.18
Quick ratio
1.19▲
2023 · 1.18
Debt / equity
3.10▼
2023 · 3.23
ROE
7.4%▼
2023 · 10.0%
ROA
1.8%▼
2023 · 2.4%
Interest coverage
15.33▼
2023 · 27.76
Debt
€30.57M▲
2023 · €29.50M
Debt ≤ 1 year
€30.03M▲
2023 · €28.86M
Debt > 1 year
€483k▼
2023 · €585k
Staff costs
€6.05M▲
2023 · €5.63M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€38.74M€40.55M▲
Fixed assets21/28€4.65M€4.68M▲
Intangible fixed assets21€1€1=
Tangible fixed assets22/27€4.54M€4.57M▲
Land and buildings22€4.27M€4.17M▼
Plant, machinery and equipment23€133k€307k▲
Furniture and vehicles24€6k€12k▲
Leasing and similar rights25€16k€62k▲
Assets under construction and advance payments27€115k€19k▼
Financial fixed assets28€108k€108k=
Other financial fixed assets284/8€108k€108k=
Amounts receivable and cash guarantees285/8€108k€108k=
Current assets29/58€34.10M€35.87M▲
Amounts receivable within one year40/41€731k€783k▲
Trade receivables40€728k€782k▲
Other amounts receivable41€2k€2k▼
Current investments50/53€13.62M€13.70M▲
Cash at bank and in hand54/58€19.54M€21.15M▲
Deferred charges and accrued income490/1€216k€236k▲
Equity and liabilities
Total equity and liabilities10/49€38.74M€40.55M▲
Equity10/15€9.13M€9.86M▲
Profit (loss) carried forward14€9.13M€9.86M▲
Provisions and deferred taxes16€115k€123k▲
Provisions for liabilities and charges160/5€115k€123k▲
Major repairs and maintenance162-€123k
Other liabilities and charges164/5€115k-
Amounts payable17/49€29.50M€30.57M▲
Amounts payable after more than one year17€585k€483k▼
Financial debts170/4€328k€240k▼
Leasing and similar obligations172€3k€45k▲
Credit institutions173€325k€195k▼
Other amounts payable178/9€257k€243k▼
Amounts payable within one year42/48€28.86M€30.03M▲
Current portion of amounts payable after more than one year42€154k€146k▼
Trade debts44€553k€641k▲
Suppliers440/4€553k€641k▲
Advances received on contracts in progress46€26.82M€27.85M▲
Taxes, remuneration and social security45€1.34M€1.39M▲
Taxes450/3€604k€634k▲
Remuneration and social security454/9€735k€758k▲
Accrued charges and deferred income492/3€53k€55k▲
Income statement
Code20232024
Operating income70/76A€9.21M€9.47M▲
Turnover70€9.07M€9.34M▲
Other operating income74€144k€109k▼
Non-recurring operating income76A-€15k
Operating charges60/66A€8.45M€9.08M▲
Services and other goods61€2.10M€2.35M▲
Remuneration, social security and pensions62€5.63M€6.05M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€556k€429k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-20k€22k▲
Other operating charges640/8€178k€228k▲
Operating profit (loss)9901€765k€385k▼
Financial income75/76B€201k€403k▲
Recurring financial income75€201k€402k▲
Other financial income752/9€201k€402k▲
Non-recurring financial income76B-€512
Financial charges65/66B€52k€57k▲
Recurring financial charges65€52k€57k▲
Debt charges650€48k€53k▲
Other financial charges652/9€5k€4k▼
Non-recurring financial charges66B-€37
Profit (loss) for the period before taxes9903€914k€731k▼
Profit (loss) for the period9904€914k€731k▼
Profit (loss) for the period to be appropriated9905€914k€731k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9.13M€9.86M▲
Profit (loss) brought forward from the previous period14P€8.21M€9.13M▲
Social balance
Average headcount (FTE)908760.062.1▲
The notes to these accounts (73 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €914k ▲22.3%
Operating result €765k, net result €914k, both a record.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €321k ▼26.3%
Net result drops to €321k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
10-10-2024
Kenens Rudi: Resigned as Director
03-07-2023
Dhr. Helsen Jan: Resigned as Director
03-07-2023
Dhr. Kygnée Joseph: Resigned as Director
29-09-2022
Dhr. Lejeune Paul: Resigned as Director
29-09-2022
Dhr. Tanésy Georges: Resigned as Director
29-09-2022
Dhr. Van Kerckhoven Paul: Resigned as Director
Location & real-estate footprint
Registered office, Mechelen · 4 establishment units since 1973
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Van Benedenlaan 322800 MechelenGround area
3.0 ha
Building footprint
5,660 m²
Volume, LiDAR
18,516 m³
4 parcels, Flanders · tallest building 26.8 m, ±8 floors. Linked by address, not a title deed.
4 establishment units
SODIWE Mechelen
since 19732.138.393.803
Sodiwe Wommelgem
since 19732.138.393.902
Sodiwe Herent
since 19732.138.394.001
Sodiwe Houthalen
since 20082.173.611.137
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72015C0697/00T000 | Flanders | 1.5 ha | 1 · 4,007 m² | - |
| 24423H0364/00R000 | Flanders | 1.2 ha | 1 · 659 m² | 14.8 m · 4 fl. |
| 11052A0107/00S000 | Flanders | 1,845 m² | 1 · 849 m² | 20.8 m · 3 fl. |
| 12403D0013/00A000 | Flanders | 868 m² | 1 · 145 m² | 26.8 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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TRIXXO JOBS
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Of 1,009 companies in sector 78200 we hold annual accounts for 644. 109 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded29-05-1973
Fiscal year end31-12
Activities, NACEBEL
74502
74854
78200Temporary employment agencies and other provision of personnel
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.