Financials
Financial year 2025
Stadsontwikkeling Gent (sogent) from Gent, company number BE0367300594, closed financial year 2025 with a result of € 127,350 after tax. For that financial year Stadsontwikkeling Gent (sogent) recorded revenue of € 13.1 million and equity of € 204.8 million. Compared with financial year 2024, the result moved from € 487,005 to € 127,350. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 204.8 million
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 127,350
▼ 74% vs 2024
Profit after tax over the fiscal year.
€ 9.7 million
▲ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -1.5 million.
People and assets in 2025
58.7
▼ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.2 million
▲ 2% vs 2024
€ 122,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 53,258
▲ 3% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 96.3 million
▲ 1% vs 2024
€ 1.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 59 years.
€ 4.3 million
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 86 days on average.
€ 1.3 million
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,644,488 | € 13,216,963 | € 21,396,031 | € 13,063,301 | ▼ 39% |
| Profit after taxes | € 392,605 | € 551,508 | € 487,005 | € 127,350 | ▼ 74% |
| Equity | € 159,574,656 | € 167,439,426 | € 169,752,997 | € 204,820,634 | ▲ 21% |
| Total debts | € 108,923,118 | € 117,264,405 | € 110,679,091 | € 116,515,523 | ▲ 5% |
| Cash | € 7,810,522 | € 7,259,666 | € 6,126,222 | € 9,744,030 | ▲ 59% |
| Land & buildings | € 38,014,583 | € 37,931,751 | € 38,744,836 | € 73,160,892 | ▲ 89% |
| Retained profit | € -2,668,874 | € -2,117,366 | € -1,630,361 | € -1,503,011 | ▲ € 127,350 |
| Bank debt | € 78,153,492 | € 90,487,870 | € 95,521,820 | € 96,309,993 | ▲ 1% |
| Balance sheet total | € 268,723,459 | € 284,929,802 | € 289,619,179 | € 329,979,626 | ▲ 14% |
| Employees (FTE) | 60.5 | 58.5 | 60.9 | 58.7 | ▼ 2.2 |
Key figures of Stadsontwikkeling Gent (sogent), fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Stadsontwikkeling Gent (sogent)?
What happened at Stadsontwikkeling Gent (sogent) in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 127,350 (▼ 74% vs 2024). Source: NBB ↗
- Severine COUSEIN became a director. NBB
- Gaëlle DE SMET became a director. NBB
- Stijn DE ROO became a director. NBB
- Filip WATTEEUW became a director. NBB
- Natan HERTOGEN became a director. NBB
- Joris VANDENBROUCKE became a director. NBB
- Christophe PEETERS became a director. NBB
In short
From € 392,605 profit in 2022 to € 127,350 profit in 2025.
Best year ever: 2023, with € 551,508 profit.
Pays suppliers within 86 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Stadsontwikkeling Gent (sogent) are Severine COUSEIN, Sami SOUGUIR , Gaëlle DE SMET, Stijn DE ROO, Filip WATTEEUW and Karin TEMMERMAN. It owns 100% of CITADEL FINANCE , 100% of INVESTERINGSMAATSCHAPPIJ MODEST, 100% of MAATSCHAPPIJ VOOR INDUSTRIËLE ONTWIKKELING BV/NV (MIO), 79.1% of ARTEVELDE-STADION, 66.6% of GRONDBANK THE LOOP NV and 40% of TLG SCIENCE PARK itself.
Directors
According to the 2025 annual accounts
Severine COUSEIN
Director
since 2025
Sami SOUGUIR
Director, Chairman of the board
Also active at: THUISPUNT GENT, Citadel Finance, Investeringsmaatschappij Modest, WAALSE KROOK, Grondbank The Loop, Opera Ballet Vlaanderen
since 2019
Gaëlle DE SMET
Director
since 2025
Stijn DE ROO
Director
Also active at: Intergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken, ARTEVELDE-STADION
since 2025
Filip WATTEEUW
Vice-chairman of the board
Also active at: Maatschappij voor Industriële Ontwikkeling te Zwijnaarde, Investeringsmaatschappij Modest, Eiland Zwijnaarde, ARTEVELDE-STADION, Grondbank The Loop
since 2025
Karin TEMMERMAN
Director
since 2019
Natan HERTOGEN
Director
since 2025
Joris VANDENBROUCKE
Chairman of the board
Also active at: FLUVIUS IMEWO, Vlaamse Vervoermaatschappij - De Lijn, THUISPUNT GENT, Fluvius System Operator, Investeringsmaatschappij Modest, Creat, Creat Services, Eiland Zwijnaarde +1 more
since 2025
Christophe PEETERS
Director
Also active at: Farys, Intercommunale Maatschappij Opera voor Vlaanderen, AquaFlanders, Collegium Vocale Gent, VLAAMSE ENERGIEHOLDING, Fluvius System Operator, Investeringsmaatschappij Modest, SYNDUCTIS +2 more
since 2025
since 2019
Marnik WILLEMS
Director
since 2023
Liselotte MORTIER
Director
since 2025
since 2019 · until 2025
Mieke BOUVE
Director
Also active at: Intergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken, NTGent
since 2022 · until 2025
Jeroen VAN LYSEBETTENS
Vice-chairman of the board
since 2024 · until 2025
Tine BOUCKÉ
Director
since 2022 · until 2025
since 2019 · until 2025
Establishments
Establishment units
Physical locations of this company
Voldersstraat 1
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →Verbroedering der Registratiebedienden
Citadel Finance same network
€ 1.1 million gross margin · 2025
Maatschappij voor Industriële Ontwikkeling te Zwijnaarde same network
€ 57,375 revenue · 2025
Investeringsmaatschappij Modest same network
€ 241,973 gross margin · 2025
Huuringent
€ 101,001 gross margin · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0367.300.594
- VAT number
- BE 0367.300.594
- Registered office
- Voldersstraat 1, 9000 Gent
- Names & denominations
- Stadsontwikkeling Gent (sogent)
- Enterprise type
- Rechtspersoon
- Legal form
- Autonoom gemeentebedrijf
- Legal situation
- Normale toestand
- Start date
- 26 May 2003
- Peppol
- Active · Active since 21 Dec 2023
- Activities · NACE
Gemeentelijke overheid, met uitzondering van het OCMW
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis