Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Sodeal from Ternat, company number BE0407938151, closed financial year 2025 with a result of € 621,931 after tax. For that financial year Sodeal recorded a gross margin of € 2.5 million and equity of € 738,310. Compared with financial year 2024, the result moved from € -347,628 to € 621,931. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 738,310
▲ € 1.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 621,931
▲ still € 347,628 loss in 2024
Profit after tax over the fiscal year.
€ 272,522
▼ 32% 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 € -2.2 million.
People and assets in 2025
4.8
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 743,253
▲ 5% vs 2024
€ 154,800 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.
€ 92
▼ 93% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.5 million
▼ 62% vs 2024
Loans from banks and other lenders, long and short.
€ 474,735
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 233,290
▲ 20% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,747,397 | € 1,723,081 | € 1,759,206 | € 2,515,870 | ▲ 43% |
| Profit after taxes | € 426,346 | € -1,744,000 | € -347,628 | € 621,931 | ▲ € 969,559 |
| Equity | € 1,076,403 | € -297,597 | € -645,225 | € 738,310 | ▲ € 1.4 million |
| Total debts | € 2,202,437 | € 7,506,661 | € 7,652,375 | € 3,549,419 | ▼ 54% |
| Cash | € 342,248 | € 435,704 | € 403,469 | € 272,522 | ▼ 32% |
| Land & buildings | € 1,230,688 | € 3,910,251 | € 4,193,624 | € 1,449,489 | ▼ 65% |
| Retained profit | € -745,011 | € -2,475,907 | € -2,805,034 | € -2,183,104 | ▲ € 621,931 |
| Bank debt | € 1,150,000 | € 6,040,000 | € 6,525,000 | € 2,450,000 | ▼ 62% |
| Balance sheet total | € 3,562,473 | € 7,451,920 | € 7,273,475 | € 4,571,308 | ▼ 37% |
| Employees (FTE) | 4.4 | 5.6 | 4.2 | 4.8 | ▲ 0.6 |
Key figures of Sodeal, 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 Sodeal?
What happened at Sodeal in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Adam Gerrard Green stepped down as director. NBB
- Nazim Ilyas stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 621,931. Source: NBB ↗
- Nazim Ilyas became a director. NBB
- Adam Gerrard Green became a director. NBB
- New establishment in Beringen. KBO
- New establishment in Genk. KBO
- New establishment in Gent. KBO
In short
From € 426,346 profit in 2022 to € 621,931 profit in 2025.
Paid € 18,023 in corporate taxes since 2022.
Best year ever: 2025, with € 621,931 profit.
On average € 524,100 of value added per employee in 2025.
Management
The shares are held by Le Roseau SA (82.2%) and IPIC (17.8%).
Directors
According to the 2025 annual accounts
Adam Gerrard Green
Director
since 2024 · until 2030
Nazim Ilyas
Director
since 2025 · until 2030
Shareholders
Le Roseau SA
82.2%
IPIC
17.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Assesteenweg 25-29
1740 Ternat
Assesteenweg 25 2
1740 Ternat
Active since 28 November 2002
Kortrijksesteenweg 831
9000 Gent
Active since 26 February 2018
Vrijwilligerslaan 103
1160 Oudergem
Active since 1 January 1976
Tiensesteenweg 356
3000 Leuven
Active since 1 November 1985
Ringlaan(Kor) 34
8500 Kortrijk
Active since 1 October 1973
Bergense Steenweg 435-437
1070 Anderlecht
Active since 1 May 1975
Brusselsesteenweg 399
3090 Overijse
Active since 1 July 1975
Chaussée de Louvain 58
1410 Waterloo
Active since 1 January 2000
Bergense Steenweg 869
1070 Anderlecht
Active since 1 January 1976
Rue du Trieu-Kaisin 39
6200 Châtelet
Active since 1 July 2009
Kapelstraat 100
9100 Sint-Niklaas
Active since 13 November 2015
Brusselsesteenweg 464
2800 Mechelen
Active since 9 January 1985
Route d'Arlon 222
6780 Messancy
Active since 17 June 1985
Boulevard des Nerviens(TOU) 3
7500 Tournai
Active since 1 January 1986
Ninoofsesteenweg 11
1700 Dilbeek
Active since 1 May 1985
Demaeghtlaan (Auguste) 197
1500 Halle
Active since 1 May 1985
Sint-Annalaan 53
1853 Grimbergen
Active since 1 October 1985
Chaussée de Namur 155
1300 Wavre
Active since 1 June 1999
Waterloosesteenweg 964
1180 Ukkel
Active since 1 January 1975
Chaussée de Dinant 250
5000 Namur
Active since 30 August 2005
Nijverheidspark 6
3580 Beringen
Active since 14 April 2023
Zuiderring 44
3600 Genk
Active since 14 April 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →VERMEERSCH CONSTRUCT
€ 311,157 gross margin · 2025
HEGRO BELGIUM
€ 104,186 gross margin · 2025
BRAVERIMMO
€ 169,573 gross margin · 2024
AKZ CONCEPT
€ 125,521 revenue · 2025
XAFAX BELGIUM
€ 487,107 gross margin · 2025
+3 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
- 0407.938.151
- VAT number
- BE 0407.938.151
- Registered office
- Assesteenweg 25-29, 1740 Ternat
- Names & denominations
- Sodeal
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 1970
- Peppol
- Active · Active since 20 Nov 2024
- Activities · NACE
Wassen en poetsen van motorvoertuigen
Vervaardiging van zeep en wasmiddelen