SEDCO is a wholesaler in Gent. Public Limited, started on 13 February 1976, 1 establishment.

What is the address of SEDCO?

The registered office of SEDCO is located at Schouwingstraat 45, 9032 Gent.

Is SEDCO still active?

Yes. According to the CBE (29 October 2026) SEDCO is active, legal situation “Normale toestand”, started on 13 February 1976.

Is SEDCO registered on Peppol?

Yes, SEDCO is registered on the Peppol network with ID 0208:0415804455.

What is the enterprise number of SEDCO?

The enterprise number of SEDCO is BE0415804455.

When was SEDCO founded?

SEDCO was founded on 13 February 1976.

Who are the directors of SEDCO?

According to the 2025 annual accounts, the directors of SEDCO are: UNITED TILES BELGIUM BV, Cedric Thimmesch.

Is SEDCO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 13 February 1976; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did SEDCO make in 2025?

SEDCO posted a profit after taxes of € 132,898 in financial year 2025.

What is the revenue of SEDCO?

As a small company, SEDCO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 879,800.

How much does an employee at SEDCO earn?

The average wage cost per full-time employee at SEDCO was € 60,900 in 2025: staff costs of € 657,552 for 10.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does SEDCO have?

According to the 2025 annual accounts, SEDCO has 10.8 full-time equivalents (FTE).

SEDCO (Public Limited) - Gent - BE0415804455

Dossier SEDCO, printed on 29 October 2026 from databakkes.be/en/0415804455/sedco. 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 16.8 to 10.8.

Financials

Financial year 2025

SEDCO from Gent, company number BE0415804455, closed financial year 2025 with a result of € 132,898 after tax. For that financial year SEDCO recorded a gross margin of € 879,800 and equity of € 927,262. Compared with financial year 2024, the result moved from € 21,871 to € 132,898. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.

What it is worth Growing

€ 927,262

▲ 17% vs 2024

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

Profit Growing

€ 132,898

▲ € 111,028 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 260,763

▼ 67% 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 € 340,262.

People and assets in 2025

Full-time equivalents

10.8

▼ 2 vs 2024

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

Wage cost

€ 657,552

▼ 22% vs 2024

€ 60,900 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

€ 5,476

▼ 95% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 20 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 4.6 million

▲ 13% vs 2024

€ 229,842 is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.

Owed to suppliers

€ 599,313

▲ 43% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 311,554

▼ 23% 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
Gross margin	€ 1,560,613 Gross margin 2022: € 1,560,613 First fiscal year in the series	€ 1,279,424 Gross margin 2023: € 1,279,424 ▼ 18% vs 2022 (€ 1,560,613) Unfavourable step	€ 1,091,854 Gross margin 2024: € 1,091,854 ▼ 15% vs 2023 (€ 1,279,424) Unfavourable step	€ 879,800 Gross margin 2025: € 879,800 ▼ 19% vs 2024 (€ 1,091,854) Unfavourable step	▼ 19%
Profit after taxes	€ 452,200 Profit after taxes 2022: € 452,200 First fiscal year in the series	€ 82,640 Profit after taxes 2023: € 82,640 ▼ 82% vs 2022 (€ 452,200) Unfavourable step	€ 21,871 Profit after taxes 2024: € 21,871 ▼ 74% vs 2023 (€ 82,640) Unfavourable step	€ 132,898 Profit after taxes 2025: € 132,898 ▲ € 111,028 vs 2024 (€ 21,871) Favourable step	▲ € 111,028
Equity	€ 3,469,854 Equity 2022: € 3,469,854 First fiscal year in the series	€ 3,372,493 Equity 2023: € 3,372,493 ▼ 3% vs 2022 (€ 3,469,854) Unfavourable step	€ 794,364 Equity 2024: € 794,364 ▼ 76% vs 2023 (€ 3,372,493) Unfavourable step	€ 927,262 Equity 2025: € 927,262 ▲ 17% vs 2024 (€ 794,364) Favourable step	▲ 17%
Total debts	€ 2,566,995 Total debts 2022: € 2,566,995 First fiscal year in the series	€ 2,478,088 Total debts 2023: € 2,478,088 ▼ 3% vs 2022 (€ 2,566,995) Favourable step	€ 5,465,429 Total debts 2024: € 5,465,429 ▲ 121% vs 2023 (€ 2,478,088) Unfavourable step	€ 5,542,054 Total debts 2025: € 5,542,054 ▲ 1% vs 2024 (€ 5,465,429) Unfavourable step	▲ 1%
Cash	€ 525,925 Cash 2022: € 525,925 First fiscal year in the series	€ 415,947 Cash 2023: € 415,947 ▼ 21% vs 2022 (€ 525,925) Unfavourable step	€ 791,011 Cash 2024: € 791,011 ▲ 90% vs 2023 (€ 415,947) Favourable step	€ 260,763 Cash 2025: € 260,763 ▼ 67% vs 2024 (€ 791,011) Unfavourable step	▼ 67%
Land & buildings	€ 2,578,594 Land & buildings 2022: € 2,578,594 First fiscal year in the series	€ 2,544,559 Land & buildings 2023: € 2,544,559 ▼ 1% vs 2022 (€ 2,578,594) Unchanged	€ 2,513,404 Land & buildings 2024: € 2,513,404 ▼ 1% vs 2023 (€ 2,544,559) Unchanged	€ 2,481,062 Land & buildings 2025: € 2,481,062 ▼ 1% vs 2024 (€ 2,513,404) Unchanged	▼ 1%
Retained profit	€ 2,882,854 Retained profit 2022: € 2,882,854 First fiscal year in the series	€ 2,785,493 Retained profit 2023: € 2,785,493 ▼ 3% vs 2022 (€ 2,882,854) Unfavourable step	€ 207,364 Retained profit 2024: € 207,364 ▼ 93% vs 2023 (€ 2,785,493) Unfavourable step	€ 340,262 Retained profit 2025: € 340,262 ▲ 64% vs 2024 (€ 207,364) Favourable step	▲ 64%
Dividend	€ 200,000 Dividend 2022: € 200,000 First fiscal year in the series	€ 180,000 Dividend 2023: € 180,000 ▼ 10% vs 2022 (€ 200,000) Unchanged	€ 2,600,000 Dividend 2024: € 2,600,000 ▲ € 2.4 million vs 2023 (€ 180,000) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 2,600,000) Unchanged	▼ 100%
Bank debt	€ 1,650,321 Bank debt 2022: € 1,650,321 First fiscal year in the series	€ 1,453,313 Bank debt 2023: € 1,453,313 ▼ 12% vs 2022 (€ 1,650,321) Favourable step	€ 4,087,957 Bank debt 2024: € 4,087,957 ▲ 181% vs 2023 (€ 1,453,313) Unfavourable step	€ 4,615,979 Bank debt 2025: € 4,615,979 ▲ 13% vs 2024 (€ 4,087,957) Unfavourable step	▲ 13%
Balance sheet total	€ 6,296,234 Balance sheet total 2022: € 6,296,234 First fiscal year in the series	€ 5,850,581 Balance sheet total 2023: € 5,850,581 ▼ 7% vs 2022 (€ 6,296,234) Unchanged	€ 6,259,793 Balance sheet total 2024: € 6,259,793 ▲ 7% vs 2023 (€ 5,850,581) Unchanged	€ 6,469,316 Balance sheet total 2025: € 6,469,316 ▲ 3% vs 2024 (€ 6,259,793) Unchanged	▲ 3%
Employees (FTE)	16.8 Employees (FTE) 2022: 16.8 First fiscal year in the series	16.8 Employees (FTE) 2023: 16.8 Unchanged (16.8) Unchanged	12.8 Employees (FTE) 2024: 12.8 ▼ 4 vs 2023 (16.8) Unchanged	10.8 Employees (FTE) 2025: 10.8 ▼ 2 vs 2024 (12.8) Unchanged	▼ 2

Key figures of SEDCO, 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 SEDCO?

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

2029 UNITED TILES BELGIUM BV stepped down as director. NBB
2029 Cedric Thimmesch stepped down as director. NBB
Jul 14, 2026 New annual accounts for financial year 2025: profit of € 132,898 (▲ € 111,028 vs 2024). Source: NBB ↗
2023 UNITED TILES BELGIUM BV became a director. NBB
2023 Cedric Thimmesch became a director. NBB
Jan 1, 1980 New establishment in Gent. KBO
Feb 13, 1976 Start of the company according to the CBE. KBO

In short

From € 452,200 profit in 2022 to € 132,898 profit in 2025.

Paid € 434,103 in corporate taxes since 2022.

Best year ever: 2022, with € 452,200 profit.

On average € 81,500 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

MARMOCER 100%

The stake of MARMOCER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

SEDCO

The shares are held by MARMOCER (100%).

Directors

According to the 2025 annual accounts

UNITED TILES BELGIUM BV

Managing director · represented by Jacques Donners

Also active at: R.G. Rosseau G. Tegelfabriek, Tegelfabriek van Massenhoven, Daldecor, SCHELFHOUT, KERAMOS, KERALINE, CARRO WAVRE, KERAVISIE +6 more

since 2023 · until 2029

Cedric Thimmesch

Director

Also active at: R.G. Rosseau G. Tegelfabriek, CARRO INVEST WAREHOUSING, Tegelfabriek van Massenhoven, Daldecor, SCHELFHOUT, KERAMOS, ARGILE & KERAMIEK, KERALINE +10 more

since 2023 · until 2029

Shareholders

MARMOCER

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Schouwingstraat 45

9032 Gent

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0415.804.455

VAT number

BE 0415.804.455

Registered office

Schouwingstraat 45, 9032 Gent

Names & denominations

SEDCO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

13 February 1976

Peppol

Active · Active since 8 Jan 2026

Activities · NACE

Groothandel in bouwmaterialen, algemeen assortiment

Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair

Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)

Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2

View on CBE Public ↗ Annual accounts (NBB) ↗

SEDCO

Warning lights

Financials

What happened to SEDCO?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Details

Frequently asked questions