Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2025 and 2026.
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Busy address KBO
43 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
Soda Data from Brussel, company number BE0694987974, closed financial year 2026 with a result of € -11.4 million after tax. For that financial year Soda Data recorded a gross margin of € 1.4 million and equity of € 8.5 million. Compared with financial year 2025, the result moved from € -2.8 million to € -11.4 million. The company made a loss. 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 October 26, 2026.
€ 8.5 million
▲ 11% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11.4 million
▼ 301 % more loss than in 2025
Profit after tax over the fiscal year.
€ 638,573
▼ 66% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -28.1 million.
People and assets in 2026
20.4
▼ 0.1 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 2.5 million
▲ 20% vs 2025
€ 123,600 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.
€ 43,399
▲ 3% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 626,524
▲ 125% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 207,607
▼ 32% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € -3,595,454 | € 2,637,209 | € 212,596 | € 1,428,274 | ▲ € 1.2 million |
| Profit after taxes | € -6,535,357 | € -1,325,956 | € -2,847,828 | € -11,431,460 | ▼ € 8.6 million |
| Equity | € 8,113,886 | € 6,802,934 | € 7,620,280 | € 8,480,976 | ▲ 11% |
| Total debts | € 1,351,916 | € 1,847,130 | € 837,584 | € 2,586,531 | ▲ 209% |
| Cash | € 8,104,843 | € 2,908,213 | € 1,851,108 | € 638,573 | ▼ 66% |
| Retained profit | € -12,498,618 | € -13,824,574 | € -16,672,402 | € -28,103,862 | ▼ € 11.4 million |
| Balance sheet total | € 9,465,802 | € 8,650,064 | € 8,457,864 | € 11,067,507 | ▲ 31% |
| Employees (FTE) | - | 0 | 20.5 | 20.4 | ▼ 0.1 |
Key figures of Soda Data, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Soda Data?
What happened at Soda Data in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Raffi Kamber stepped down as director. NBB
- Software Directions BV stepped down as director. NBB
- Maarten Masschelein stepped down as director. NBB
- Alan Vandenberghe stepped down as director. NBB
- Mohamed Elakhrass stepped down as director. NBB
- Tibored BV stepped down as director. NBB
- Alison Eastaway stepped down as director. NBB
- New annual accounts for financial year 2026: loss of € 11.4 million. Source: NBB ↗
In short
From € 6.5 million loss in 2023 to € 11.4 million loss in 2026.
Paid € 13,439 in corporate taxes since 2023.
On average € 70,000 of value added per employee in 2026.
Management
It owns 100% of NannyML and 100% of Soda Data, Inc. itself.
Directors
According to the 2026 annual accounts
Raffi Kamber
Director
since 2026 · until 2032
Director · represented by Tom Baeyens
since 2026 · until 2032
Alison Eastaway
Director
since 2026 · until 2027
Maarten Masschelein
Managing director
since 2026 · until 2032
Alan Vandenberghe
Director
since 2025 · until 2030
since 2025 · until 2029
Mohamed Elakhrass
Director
since 2025 · until 2030
Establishments
Establishment units
Physical locations of this company
Picardstraat 7 box 100
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 43 companies are registered at this address.
All companies at this address →DIAGEO BELGIUM
€ 66.4 million revenue · 2025
Itron Belgium
Belgisch Comite voor UNICEF
€ 370,573 revenue · 2025
Union francophone des Belges à l'Etranger
G4S SECURE SOLUTIONS
€ 187.6 million revenue · 2025
+38 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
- 0694.987.974
- VAT number
- BE 0694.987.974
- Registered office
- Picardstraat 7 bus 100, 1000 Brussel
- Names & denominations
- Soda Data
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 April 2018
- Peppol
- Active · Active since 6 Nov 2025
- Activities · NACE
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