Equity
€254.2m ▲ 7.4%
SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION has made a profit in every financial year since 2009.
SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION
Lifetime
17 annual accounts with figures on one time axis, 29 filings since 1977peak €199.7m (2025)
€199.7m▲ 7.8%
peak €34.1m (2025)
€34.1m▲ 31.7%
peak €254.2m (2025)
€254.2m▲ 7.4%
€116.2m▲ 2.0%
peak 103.8 FTE (2025)
103.8 FTE▲ 9.1%
Board35 names since 2005all names
10 directorsFinances & Industries SA and 9 others
Owners
93.14%FINANCES ET INDUSTRIES
Documentsfilings and deeds
12-06-202649 days before the deadline
2025financial year
Result from €25.9m to €34.1mStaff from 95.1 FTE to 103.8 FTE2 directors appointed, 1 statutory auditor appointed, 3 reapp… 21-08Dividend €16.6mInvestments €3.7mCash from €53.4m to €28.9m
Key points
from the 2025 annual accountsStaff
108 employees on 31-12-2025
In 2025, 19 people joined and 10 left. On top of that, 0.1 agency workers worked there on average.
Filings
29 annual accounts 73 filings since 1977
The last five annual accounts were filed 40 to 51 days before the end of the period.
At the same address
21 companies
Board
2 joined · 1 left
Board changed. Latest change 01-07-2026 · 9 in office.
Position in the sector
€34.1m
Higher net result than 95% of companies in wholesale trade. Sector median €110,270 · 6,125 companies.
Standalone figures, without subsidiaries
Checked score
96
Excellent
Financially stronger than 71% of medium-sized 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: 0.2% across 745 companies (NACE 46, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026highest value
08-2026: < 0.1%● unchanged vs 07-2026highest value
09-2026: < 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%● unchanged vs 09-2026highest value
11-2026: < 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
lowers risk
Founded in 1921
Size: turnover €199.7m, 103.8 FTE, total assets €370.4m, files consolidated accounts
Equity €254.2m (68.6% of total assets)
Profit of €34.1m (financial year 2025)
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, medium-sized). It does better than 80% of them on solvency, 65% on liquidity, 73% on profitability and 67% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 1,579 companies had the same profile as SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION itself: < 0.1% within 12 months.
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.
| 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 1,579 companies, not a prediction for SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION. 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 €19,950,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.07 (1.96 in 2024), above the usual 1.5. Short-term debt is 31.3% and cash 7.8% of total assets. 31.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 12-06-2026, 49 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
49 days early
2024
44 days early
2023
41 days early
2022
40 days early
2021
51 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 45 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 17 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
AB
A2 BV
Director, since 27-05-2025
- FINANCES ET INDUSTRIES 93.14%equity €127.8m (2025) · annual accounts 2025
Shares in 3 companies, including Devin EAD and Spadel Nederland B.V.
Board & ownershipRecent changes
3 directors appointed, 1 reappointment
Permanent representatives: Marc du Bois, Jo Swennen, Amaury Collette, Bart Peeters, Goeminne and David Talavera · Appointments: Valérie Siegler (member of the executive committee), Pepo Tonov (member of the executive committee) and Beuzz Management SRL · Reappointment: Finances et Industries SA (administrateur non exécutif non indépendant) · Board meeting of 26-05-2026 · Gazette deed
1 director appointed, 1 resignation
Resignation: Louis Guy du Bois · Appointment: Beuzz Management SRL · Permanent representative: Louis Guy du Bois · General meeting of 26-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0405844436
2 directors appointed, 1 statutory auditor appointed, 3 reappointments, 1 reappointment
Appointments: Gerefis SA (managing director), Familia Numerosa BV (chair of the board) and PwC Reviseurs d'Entreprises SRL (statutory auditor) · Reappointments: Gerefis SA (administrateur exécutif non indépendant), Familia Numerosa BV (independent non-executive director), A2 BV (independent non-executive director) and PwC Reviseurs d'Entreprises SRL (statutory auditor) · General meeting of 27-05-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION Woluwe-Saint-Lambert | €199.7m | 5.9% | 68.6% | 103.8 |
| SCHWEPPES SUNTORY BENELUX Hoeilaart | €141.6m | 2.2% | 43.9% | 109 |
| La Martiniquaise Benelux Ghent | €57.7m | 0.7% | 76.7% | 55.7 |
| CITROSUCO EUROPE Ghent | €13.9m | -19.0% | 96.8% | 64.4 |
| COCA-COLA SERVICES Anderlecht | - | - | 2.7% | 181.9 |
| HORECA LOGISTIC SERVICE Ternat | €68.4m | 1.9% | 52.1% | 159.5 |
| Culligan Belgium Londerzeel | €45.1m | 13.5% | 8.8% | 186 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION: wholesale of beverages, general range (NACE 46349). They are comparable in size and age: total assets between €37m and €567m, founded between 1980 and 1998.
Official details
Source: KBO- Status
- Active since 08-05-1921Normal situation
- Registered office
- 23 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Wholesale of beverages, general rangeNACE 46349and 1 other
- Joint committee
- 220White-collar workers in the food industry · annual accounts 2025
- Establishment unit
- 2.018.558.9141200 Woluwe-Saint-Lambert, since 01-01-1981
- Financial year end
- 31 December
- Peppol
- Reachable since 25-11-2025
Annual accounts 2025
- €370.4m▲ 5.6%
- Employeeson 31-12-2025
- 108▲ 9.1%
- Filing
- Filed on 12-06-2026, 49 days before the end of the filing period
Companies linked to SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION
Parent and group
Subsidiaries and holdings
Insights on SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION
SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION has existed since 1921. Turnover grew from €118.3m in 2009 to €199.7m in 2025.
Turnover has grown every year since 2020.
FINANCES ET INDUSTRIES holds 93.14% of the shares. In September 2022, the Official Gazette published the appointment of Gerefis SA as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION
- What is the company number of SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION?
- The company number of SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION is 0405.844.436. The VAT number is the same number with BE in front: BE 0405.844.436.
- Where is SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION based?
- The registered office is at Gemeenschappenlaan 110, 1200 Woluwe-Saint-Lambert.Company details
- What does SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION do?
- According to the KBO register, the main activity is wholesale of beverages, general range (NACE 46349).
- What is the legal form of SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION?
- SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION is a public limited company (NV).
- When was SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION founded?
- SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION was founded on 08-05-1921.
- Is SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION still active?
- Yes, SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION is an active enterprise in the KBO register.
- How many employees does SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION have?
- SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION had an average of 103.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION fall under?
- In its 2025 annual accounts, SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION states joint committee 220 (White-collar workers in the food industry).
- What is the turnover of SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION?
- The turnover of SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION was €199.7m in financial year 2025, according to the filed annual accounts.
- Is SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION profitable?
- In financial year 2025, SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION made a profit of €34.1m.
- Where can I find the annual accounts of SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION?
- SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION filed 73 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION due?
- SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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