Skip to content

Sortindus²

Active Private limited companyfounded 2017active for 9 yearsPieter Breughelstraat 14, 8510 KortrijkKBO/BCE: BE 0682.854.462 subsidiary of sortinco

Overview

Lifetime

8 annual accounts with figures on one time axis
peak €185,035 (2022)
€157,647▲ 127%
lowest -€338 (2020)
€110,814▲ 122%
peak €189,402 (2025)
€189,402▲ 141%
€80,689▼ 62.3%
peak 0 FTE (2025)
0 FTE 
Board3 names since 2023
1 directorsortinco
Owners
Documentsfilings and deeds
29-05-202663 days before the deadline
2025abbreviated format
Gross margin from €69,482 to €157,647Result from €49,988 to €110,814Equity from €78,588 to €189,402Debts from €213,963 to €80,689Investments €15,592Cash from €7,271 to €207,141

Key points

from the 2025 annual accounts

Equity

€189,402 ▲ 141%

Sortindus² has made a profit without a break since 2021.

Result

€110,814 ▲ 122%
€50,0002024€111,0002025

The result rose in 2025 from €49,988 to €110,814.

Turnover

≈ €600,000 estimated

The abbreviated format states no turnover.

Investments

€27,123 4.6 × depreciation
20242025

Green is investment, beige is depreciation.

Liquidity

2.94 was 1.26 in 2024

Short-term debts fell from €213,963 to €80,689.

Filings

8 annual accounts since 2018
AprilJune31 JulyOctober20202025

The last five annual accounts were filed 0 to 63 days before the end of the period.

Checked score

99
Excellent
Financially stronger than 88% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.5% 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.6%● unchanged vs 07-2025highest value 09-2025: 0.6%● unchanged vs 08-2025highest value 10-2025: 0.6%● unchanged vs 09-2025highest value 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.5%▼ -0.1 percentage points vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.6%▲ +0.1 percentage points vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: < 0.1%▼ -0.6 percentage points vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

95+43equity 70.1% of total assets
88+74short-term debt 29.9% · cash 76.7%
100+10return on assets 41.0%

Score breakdown

raises risk
Sector: Wholesale trade (NACE 46)
lowers risk
Liquidity: current ratio 2.94, cash €207,141
Equity €189,402 (70.1% of total assets)
Size: total assets €270,091
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 46, micro). It does better than 75% of them on solvency, 88% on liquidity, 95% on profitability and 95% on growth.

The bankruptcy probability was computed on 08-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 26,972 companies had the same profile as Sortindus² has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of Sortindus² itself is lower: < 0.1% within 12 months. It rests on far more data about Sortindus² than the profile alone.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 26,972 companies, not a prediction for Sortindus². 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.

Credit verdict

Credit of up to €18,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.94 (1.26 in 2024), above the usual 1.5. Short-term debt is 29.9% and cash 76.7% of total assets. 29.9% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 2.94, cash €207,141
NBB · annual accounts
lowers risk · Equity €189,402 (70.1% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €270,091
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Wholesale trade (NACE 46)
KBO
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 29-05-2026, 63 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
63 days early
2024
41 days early
2023
6 days early
2022
on the day
2021
32 days early
2020
36 days early
2019
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

S
Director, Alexander Dewiide, since 31-07-2023
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0682854462
1 director appointed, 2 managers resigning Resignations: Alexander Dewiide (manager) and Luc Delobel (manager) · Appointment: Sortinco (director) · Permanent representative: Alexander Dewiide · General meeting of 24-07-2023 · Gazette deed
Registered office moved from Kortrijk to Marke New registered office: Pieter Breughelstraat 14 8510 Marke · Previous registered office: President Kennedypark 29 bus b, 8500 Kortrijk · Board meeting of 04-07-2022 · Gazette deed
Incorporation published on 16-10-2017 · Gazette deed
All 18 events

Comparable companies

same main activity, similar in size and age
Company
Sortindus² Kortrijk €270,091 €157,647 70.1% 0
VACU-SERVICE Tielt €133,902 €68,520 70.3% 0
MENTORE Flémalle €187,569 €102,087 68.9% 0.8
DEWESOFT Benelux Damme €669,468 €81,240 23.3% 1
HOT GLASS HANDLING TRADING Bruges €808,212 €118,613 27.3% 0.6
HABIVEST Merelbeke-Melle €931,475 €105,787 6.2% 0
GML-TECH Brecht €814,746 €164,638 22.1% 0

These companies have the same main activity as Sortindus²: agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140). They are comparable in size and age: total assets between €134,000 and €931,000, founded between 2012 and 2021.

Official details

Source: KBO
Status
Active since 12-10-2017Normal situation
Activity
Agents in the wholesale of industrial machinery, ships and aircraftNACE 46140and 5 others
Establishment unit
2.269.760.1118510 Kortrijk, since 12-10-2017
Financial year end
31 December
Peppol
Reachable since 27-03-2026
Company details

Annual accounts 2025

€157,647▲ 127%
€110,814▲ 122%
€189,402▲ 141%
€270,091▼ 7.7%
Filing
Filed on 29-05-2026, 63 days before the end of the filing period
Financials

Insights on Sortindus²

Sortindus² files the abbreviated format. That format states no turnover. The gross margin rose from €6,022 in 2018 to €157,647 in 2025.

sortinco holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 29-05-2026, 63 days before the deadline
€157,647
▲ 127%
€150,034
▲ 122%
€110,814
▲ 122%
€156,815
▲ 182%
70.1%
▲ 43.3 percentage points
2.94
▲ 1.68

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €600,000. Estimated: probably between €280,000 and €1.4m.

Balance sheet

balance sheet total €270,091 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

70.1%

Higher than 76% of 9,902 companies in 2025.

2.94

Higher than 71% of 9,665 companies in 2025.

41.0%

Higher than 95% of 9,780 companies in 2025.

Sortindus² Middle half of the sector 80% of the sector Abbreviated accounts in wholesale trade (NACE 46)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half · Staff: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018
Balance sheet: assets
20/58 270,091292,551310,596434,176178,023205,41563,77823,459
20 -------0
21/28 32,58722,9041,2001,2001,4651,7301,9951,995
21 -------0
22/27 32,58721,704-0265530795795
22 -------0
23 -------0
24 26,99321,704-0265530795795
26 5,595------0
27 -------0
28 01,2001,2001,2001,2001,2001,2001,200
29/58 237,504269,647309,396432,976176,558203,68561,78321,464
29 -------0
290 -------0
291 -------0
3 -------0
30/36 -------0
37 -------0
40/41 29,918262,377282,094341,93172,329161,52334,01916,101
40 26,016222,124257,926328,85238,96898,237015,000
41 3,90240,25224,16813,07933,36163,28634,0191,101
50/53 -------0
54/58 207,1417,27127,30291,045104,22942,16226,6245,363
490/1 445----01,1400
Balance sheet: equity and liabilities
10/49 270,091292,551310,596434,176178,023205,41563,77823,459
10/15 189,40278,588188,600173,91838,86622,53522,87321,641
10/11 18,60018,60018,60018,60018,60018,60018,60018,600
100 ------18,60018,600
101 -------0
11 -------0
1100/10 -------0
12 -------0
13 170,80059,950166,050151,45016,450150150150
130/1 --0150150150-0
130 ------150150
1311 --0150150150--
1312 -------0
1319 -------0
132 -------0
133 170,80059,950166,050151,30016,300--0
14 2383,9503,8683,8163,7854,1232,891
15 -------0
19 -------0
16 -------0
160/5 -------0
160 -------0
161 -------0
162 -------0
163 -------0
164/5 -------0
168 -------0
17/49 80,689213,963121,996260,258139,157182,88040,9051,818
17 -------0
170/4 -------0
175 -------0
176 -------0
178/9 -------0
42/48 80,689213,963121,996260,258139,157182,88040,9051,818
42 -------0
43 -------0
430/8 -------0
439 -------0
44 51,52056,457121,502205,487134,131182,76640,893686
440/4 51,52056,457121,502205,487134,131182,76640,893686
441 -------0
46 -------0
45 21,234049454,2615,0141020970
450/3 21,234049454,2615,0141020970
454/9 -------0
47/48 7,935157,5060511121212162
492/3 -------0
Income statement
9900 157,64769,48220,205185,03522,1461,2101,7216,022
62 -------0
630 5,909405-026526501,183
631/4 -------0
635/8 -------0
640/8 8731,639499560891457455800
649 -------0
66A 831------0
9901 150,03467,43819,706184,47520,9894891,2674,039
75/76B 201----0
75 201----0
76B -------0
65/66B 125450131176138632928
65 125450131176138632928
66B -------0
9903 149,91266,98819,576184,29920,8524251,2384,011
67/77 39,09817,0004,89449,2474,5217637970
9904 110,81449,98814,682135,05216,331-3381,2323,041
789 -------0
689 -------0
9905 110,81449,98814,682135,05216,331-3381,2323,041
Appropriation of the result
9906 110,85253,93818,550138,86820,1163,7854,1233,041
14P 383,9503,8683,8163,785---
791/2 0160,000-----0
691/2 110,85053,90014,600135,00016,300-0150
691 -------0
6920 --14,600135,00016,300-0150
6921 110,85053,900-----0
694/7 0160,000-----0
694 0160,000-----0
695 -------0
696 -------0
Social balance sheet
9087 0-------
Document PDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 29-05-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 29-05-2026 2026-00129953 PDF
31-12-2024 abbreviated format 20-06-2025 2025-00167484 PDF
31-12-2023 abbreviated format 25-07-2024 2024-00285576 PDF
31-12-2022 abbreviated format 31-07-2023 2023-00295911 PDF
31-12-2021 abbreviated format 29-06-2022 2022-20158317 PDF
31-12-2020 abbreviated format 25-06-2021 2021-24600202 PDF
31-12-2019 abbreviated format 30-06-2020 2020-23800086 PDF
31-12-2018 abbreviated format 28-06-2019 2019-25500158 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018
155,94367,843-184,47521,2547541,2675,222
116,72350,393-135,05216,596-731,2324,224
27,12322,109--2650003,178
199,870-20,032-63,743-13,18462,06715,53921,261-
156,81555,684187,400172,71837,40120,80520,87819,646
70.1%26.9%60.7%40.1%21.8%11.0%35.9%92.3%
2.941.262.541.661.271.111.5111.81
0.432.720.651.503.588.121.790.08
58.5%63.6%7.8%77.7%42.0%-1.5%5.4%14.1%
41.0%17.1%4.7%31.1%9.2%-0.2%1.9%13.0%
over 100over 100-over 100over 100---

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€27,123€22,109---
Financial fixed assets€0----
€5,909€405-€0€265

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Sortindus²

The operating result for 2025 is 122% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 73.1% to 29.9%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in 2023
Director (not named in the articles), permanent representative Alexander Dewiide
since 31-07-2023 term without a fixed end
listed in the 2025 annual accounts, filed on 29-05-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 09-08-2023
Permanent representatives 1
Permanent representative, for sortinco
appointed by deed of 09-08-2023

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
sortinco
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • sortinco
    • Director (not named in the articles), from 31-07-2023 to date
  • Alexander Dewiide
    • Manager, until 09-08-2023
  • Luc Delobel
    • Manager, until 09-08-2023

See the board, name and registered office on a given date →

Control

Parent
Equity €209,425
Profit €71,053 in 2025 (profit €117,447 in 2024)
100%
This company
Sortindus²
Equity €189,402
Profit €110,814 in 2025

Capital

Contribution
€18,600
Source
deed of 09-08-2023

Owners through the years

as the annual accounts name them
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 09-08-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
10 June at 17:00

Network & group

Group

sortinco has 1 direct subsidiary (2025 accounts), the bar shows equity in euros
Parentsortinco1 holding, 1 country 2025 accounts

Belgium 1 Equity Result

  • BE Sortindus² BV €189,402 result €110,814

Source: list of holdings in the 2025 accounts of sortinco. Every holding stands with its own latest accounts.

Connections & network

1 current director
Depth

The network starts from the directors of Sortindus². Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

18 events since 2017

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFabbreviated format · 63 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0682854462
2025
Liquidity more than doubled current ratio 2.94 The current ratio rises from 1.26 to 2.94. Short-term debt falls from €213,963 to €80,689.
Annual accounts 2024 filed PDFabbreviated format · 41 days before the deadline
2024
Annual accounts 2023 filed PDFabbreviated format · 6 days before the deadline
2023
1 director appointed, 2 managers resigningResignations: Alexander Dewiide (manager) and Luc Delobel (manager) · Appointment: Sortinco (director) · Permanent representative: Alexander Dewiide · General meeting of 24-07-20237 points ▸
  • General meeting, 24-07-2023
  • Legal-form conversion, from private limited company (pre-2019) to private limited company
  • 100 shares
  • Director resignation, Alexander Dewiide (manager)
  • Director resignation, Luc Delobel (manager)
  • Director appointment, Sortinco (director (not named in the articles))
  • Permanent representative, Alexander Dewiide
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · on the deadline day
2022
Highest result from 2018 to 2025 net €135,052 ▲727% The operating result of €184,475 and the net result of €135,052 are both a record.
Equity above €150,000 equity €173,918 ▲347% After 2 profitable years in a row, equity reaches €173,918.
Registered office moved from Kortrijk to MarkeNew registered office: Pieter Breughelstraat 14 8510 Marke · Previous registered office: President Kennedypark 29 bus b, 8500 Kortrijk · Board meeting of 04-07-20222 points ▸
  • Board meeting, 04-07-2022
  • Registered-office move, Pieter Breughelstraat 14 8510 Marke

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFabbreviated format · 32 days before the deadline
2021
Back to profit net €16,331 The net result is €16,331, after one loss-making year.
Annual accounts 2020 filed PDFabbreviated format · 36 days before the deadline
2020
Weakest financial year net -€338 The net result drops to -€338, the lowest from 2018 to 2025. It recovers the following year.
Annual accounts 2019 filed PDFabbreviated format · 31 days before the deadline
2019
Annual accounts 2018 filed PDFabbreviated format · 33 days before the deadline
2017
Incorporation PDFpublished on 16-10-2017
First establishment Pieter Breughelstraat 14, Kortrijk

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Sortindus² was incorporated on 12 October 2017.1 The registered office was moved to Marke in 2022.2 Total assets rose from €23,459 in 2018 to €270,091 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 04-11-2022
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0682.854.462
VAT number
BE 0682.854.462
Peppol ID
0208:0682854462
Legal form
Private limited company
Status
Active, normal situation
Founded
12-10-2017
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
10 June at 17:00
deed of 09-08-2023 (in Dutch)
Peppol
Reachable since 27-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Sortindus² in Dutch
Name in the Peppol Directory
SORTINDUS2 BV
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 09-08-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Pieter Breughelstraat 14, 8510 Marke”
deed of 09-08-2023 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
46140 Wholesale trade main activity
01610 Support activities for crop production
46190 Wholesale trade
63990 Computing infrastructure, data processing, hosting and other information service activities
64200 Holdings
82990 Other business support services

Registered office and establishments

1 establishment
Establishment Since Unit number
Pieter Breughelstraat 14 registered office 8510 Kortrijk 12-10-2017 2.269.760.111
1 former office
  • President Kennedypark 29 bus b, 8500 Kortrijk until 30-09-2022 · deed of 04-11-2022

Buildings and parcels at the address

Ground area
900 m²
Buildings
225 m²
Volume, LiDAR
1,195 m³
Tallest building
8.3 m
Buildings to scale, each on its own parcel
225 m², 8.3 m 225 m², 8.3 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
34026A0598/00Z000900 m² 1 · 225 m² 8.3 m · 2