SADEL is a wholesaler in Nazareth-De Pinte. Public Limited, started on 1 April 1975, 1 establishment.

What is the address of SADEL?

The registered office of SADEL is located at Venecoweg 35, 9810 Nazareth-De Pinte.

Is SADEL still active?

Yes. According to the CBE (29 October 2026) SADEL is active, legal situation “Normale toestand”, started on 1 April 1975.

Is SADEL registered on Peppol?

Yes, SADEL is registered on the Peppol network with ID 0208:0415013213.

What is the enterprise number of SADEL?

The enterprise number of SADEL is BE0415013213.

When was SADEL founded?

SADEL was founded on 1 April 1975.

Who are the directors of SADEL?

According to the 2025 annual accounts, the directors of SADEL are: TIA-Delfin BV, Christiane Van Ryckeghem.

Is SADEL a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 April 1975; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did SADEL make in 2025?

SADEL posted a profit after taxes of € 911,397 in financial year 2025.

What is the revenue of SADEL?

In its most recent annual accounts (2025), SADEL reported revenue of € 36,352,056.

How much does an employee at SADEL earn?

The average wage cost per full-time employee at SADEL was € 75,100 in 2025: staff costs of € 2.2 million for 29.5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does SADEL have?

According to the 2025 annual accounts, SADEL has 29.5 full-time equivalents (FTE).

SADEL (Public Limited) - Nazareth-De Pinte - BE0415013213

Dossier SADEL, printed on 29 October 2026 from databakkes.be/en/0415013213/sadel. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Shrinking team NBB

FTE fell two years in a row, from 37.2 to 29.5.

Financials

Financial year 2025

SADEL from Nazareth-De Pinte, company number BE0415013213, closed financial year 2025 with a result of € 911,397 after tax. For that financial year SADEL recorded revenue of € 36.4 million and equity of € 18.9 million. Compared with financial year 2024, the result moved from € 2.3 million to € 911,397. 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 July 28, 2026.

What it is worth Growing

€ 18.9 million

▲ 5% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 911,397

▼ 61% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 4.5 million

▼ 36% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 18.7 million.

People and assets in 2025

Full-time equivalents

29.5

▼ 4.5 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 6.2 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 2.2 million

▼ 12% vs 2024

€ 75,100 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.

Vehicles and equipment

€ 150,106

▲ € 122,750 vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 2.4 million

▲ 14% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 26 days on average.

Taxes and wages

€ 722,211

▲ 68% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 81,633,736 Revenue 2022: € 81,633,736 First fiscal year in the series	€ 60,046,510 Revenue 2023: € 60,046,510 ▼ 26% vs 2022 (€ 81,633,736) Unfavourable step	€ 46,163,676 Revenue 2024: € 46,163,676 ▼ 23% vs 2023 (€ 60,046,510) Unfavourable step	€ 36,352,056 Revenue 2025: € 36,352,056 ▼ 21% vs 2024 (€ 46,163,676) Unfavourable step	▼ 21%
Profit after taxes	€ 8,684,155 Profit after taxes 2022: € 8,684,155 First fiscal year in the series	€ 4,661,942 Profit after taxes 2023: € 4,661,942 ▼ 46% vs 2022 (€ 8,684,155) Unfavourable step	€ 2,319,096 Profit after taxes 2024: € 2,319,096 ▼ 50% vs 2023 (€ 4,661,942) Unfavourable step	€ 911,397 Profit after taxes 2025: € 911,397 ▼ 61% vs 2024 (€ 2,319,096) Unfavourable step	▼ 61%
Equity	€ 29,490,600 Equity 2022: € 29,490,600 First fiscal year in the series	€ 28,199,233 Equity 2023: € 28,199,233 ▼ 4% vs 2022 (€ 29,490,600) Unfavourable step	€ 17,993,170 Equity 2024: € 17,993,170 ▼ 36% vs 2023 (€ 28,199,233) Unfavourable step	€ 18,904,568 Equity 2025: € 18,904,568 ▲ 5% vs 2024 (€ 17,993,170) Favourable step	▲ 5%
Total debts	€ 24,363,030 Total debts 2022: € 24,363,030 First fiscal year in the series	€ 9,469,180 Total debts 2023: € 9,469,180 ▼ 61% vs 2022 (€ 24,363,030) Favourable step	€ 2,622,775 Total debts 2024: € 2,622,775 ▼ 72% vs 2023 (€ 9,469,180) Favourable step	€ 3,165,021 Total debts 2025: € 3,165,021 ▲ 21% vs 2024 (€ 2,622,775) Unfavourable step	▲ 21%
Cash	€ 18,959,574 Cash 2022: € 18,959,574 First fiscal year in the series	€ 6,165,925 Cash 2023: € 6,165,925 ▼ 67% vs 2022 (€ 18,959,574) Unfavourable step	€ 7,072,390 Cash 2024: € 7,072,390 ▲ 15% vs 2023 (€ 6,165,925) Favourable step	€ 4,519,518 Cash 2025: € 4,519,518 ▼ 36% vs 2024 (€ 7,072,390) Unfavourable step	▼ 36%
Land & buildings	€ 1,380,128 Land & buildings 2022: € 1,380,128 First fiscal year in the series	€ 0 Land & buildings 2023: € 0 ▼ 100% vs 2022 (€ 1,380,128) Unchanged	-	-
Retained profit	€ 29,240,600 Retained profit 2022: € 29,240,600 First fiscal year in the series	€ 27,960,973 Retained profit 2023: € 27,960,973 ▼ 4% vs 2022 (€ 29,240,600) Unfavourable step	€ 17,754,910 Retained profit 2024: € 17,754,910 ▼ 37% vs 2023 (€ 27,960,973) Unfavourable step	€ 18,666,308 Retained profit 2025: € 18,666,308 ▲ 5% vs 2024 (€ 17,754,910) Favourable step	▲ 5%
Dividend	€ 21,000,000 Dividend 2022: € 21,000,000 First fiscal year in the series	€ 4,550,000 Dividend 2023: € 4,550,000 ▼ 78% vs 2022 (€ 21,000,000) Unchanged	€ 12,500,000 Dividend 2024: € 12,500,000 ▲ 175% vs 2023 (€ 4,550,000) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 12,500,000) Unchanged	▼ 100%
Balance sheet total	€ 56,570,793 Balance sheet total 2022: € 56,570,793 First fiscal year in the series	€ 40,385,575 Balance sheet total 2023: € 40,385,575 ▼ 29% vs 2022 (€ 56,570,793) Unchanged	€ 23,323,713 Balance sheet total 2024: € 23,323,713 ▼ 42% vs 2023 (€ 40,385,575) Unchanged	€ 24,777,356 Balance sheet total 2025: € 24,777,356 ▲ 6% vs 2024 (€ 23,323,713) Unchanged	▲ 6%
Employees (FTE)	42.2 Employees (FTE) 2022: 42.2 First fiscal year in the series	37.2 Employees (FTE) 2023: 37.2 ▼ 5 vs 2022 (42.2) Unchanged	34 Employees (FTE) 2024: 34 ▼ 3.2 vs 2023 (37.2) Unchanged	29.5 Employees (FTE) 2025: 29.5 ▼ 4.5 vs 2024 (34) Unchanged	▼ 4.5

Key figures of SADEL, 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 SADEL?

What happened at SADEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 28, 2026 New annual accounts for financial year 2025: profit of € 911,397 (▼ 61% vs 2024). Source: NBB ↗
2026 Christiane Van Ryckeghem stepped down as director. NBB
2024 TIA-Delfin BV became a director. NBB
2024 Christiane Van Ryckeghem became a director. NBB
Nov 10, 1976 New establishment in Nazareth-De Pinte. KBO
Apr 1, 1975 Start of the company according to the CBE. KBO

In short

From € 8.7 million profit in 2022 to € 911,397 profit in 2025.

Paid € 5.6 million in corporate taxes since 2022.

Best year ever: 2022, with € 8.7 million profit.

Paid out € 38.1 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

TIA-Delfin BV 100%

SADEL

Atinox S.A.R.L. BO 100%

Behind SADEL is TIA-Delfin BV. The shares are held by TIA-Delfin BV (100%). It owns 100% of Atinox S.A.R.L. BO itself.

Directors

According to the 2025 annual accounts

TIA-Delfin BV

Director · represented by Christiane Van Ryckeghem, Johan De Letter

Also active at: S.E. INDUSTRIES, Deby, CARGOBEL LOGISTICS

since 2024

Christiane Van Ryckeghem

Director

Also active at: S.E. INDUSTRIES, Deby, TIA - DELFIN, CARGOBEL LOGISTICS

since 2024 · until 2026

Shareholders

TIA-Delfin BV

100%

Participations

Atinox S.A.R.L. BO

100%

Establishments

Establishment units

Physical locations of this company

Registered office

Venecoweg 35

9810 Nazareth-De Pinte

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.

All companies at this address →

S.E. INDUSTRIES same network

€ 1.6 million revenue · 2025

Deby same network

€ 209,293 revenue · 2025

S.E. AUTOMATION

€ -12,687 gross margin · 2026

DELKA

€ 61,312 gross margin · 2025

TIA - DELFIN same network

€ 952,420 revenue · 2025

+1 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

0415.013.213

VAT number

BE 0415.013.213

Registered office

Venecoweg 35, 9810 Nazareth-De Pinte

Names & denominations

SADEL

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 April 1975

Peppol

Active · Active since 1 Jan 2026

Activities · NACE

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View on CBE Public ↗ Annual accounts (NBB) ↗

SADEL

Warning lights

Financials

What happened to SADEL?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions