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 2024 and 2025.
-
Busy address KBO
42 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Soda Data from Brussel, company number BE0694987974, closed financial year 2025 with a result of € -2.8 million after tax. For that financial year Soda Data recorded a gross margin of € 212,596 and equity of € 7.6 million. Compared with financial year 2024, the result moved from € -1.3 million to € -2.8 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 28, 2025.
€ 7.6 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.8 million
▼ 115 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.9 million
▼ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -16.7 million.
People and assets in 2025
20.5
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
▲ 16% vs 2024
€ 102,700 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.
€ 42,010
▲ 71% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 278,285
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 304,478
▲ 78% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -3,128,417 | € -3,595,454 | € 2,637,209 | € 212,596 | ▼ 92% |
| Profit after taxes | € -4,627,294 | € -6,535,357 | € -1,325,956 | € -2,847,828 | ▼ € 1.5 million |
| Equity | € 8,363,657 | € 8,113,886 | € 6,802,934 | € 7,620,280 | ▲ 12% |
| Total debts | € 773,129 | € 1,351,916 | € 1,847,130 | € 837,584 | ▼ 55% |
| Cash | € 8,632,016 | € 8,104,843 | € 2,908,213 | € 1,851,108 | ▼ 36% |
| Retained profit | € -5,963,261 | € -12,498,618 | € -13,824,574 | € -16,672,402 | ▼ € 2.8 million |
| Balance sheet total | € 9,136,786 | € 9,465,802 | € 8,650,064 | € 8,457,864 | ▼ 2% |
| Employees (FTE) | - | - | 0 | 20.5 |
Key figures of Soda Data, 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 October 2026.
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:
- Mohamed Elakhrass stepped down as director. NBB
- Alan Vandenberghe stepped down as director. NBB
- Tibored BV stepped down as director. NBB
- Raffi Kamber stepped down as director. NBB
- Software Directions CommV stepped down as director. NBB
- Maarten Masschelein stepped down as director. NBB
- Alison Eastaway stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.8 million. Source: NBB ↗
In short
From € 4.6 million loss in 2022 to € 2.8 million loss in 2025.
Paid € 5,238 in corporate taxes since 2022.
On average € 10,400 of value added per employee in 2025.
A new publication or filing at Soda Data? We notify you, reason included.
Follow Soda DataDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
It owns 100% of Soda Data, Inc. itself.
Directors
According to the 2025 annual accounts
Mohamed Elakhrass
Director
since 2025 · until 2030
Raffi Kamber
Director
since 2021 · until 2027
Director · represented by Tom BAEYENS
since 2021 · until 2027
Alison Eastaway
Director
since 2025 · until 2026
Alan Vandenberghe
Director
since 2025 · until 2030
Maarten Masschelein
Managing director
since 2024 · until 2027
since 2025 · until 2029
Managing director · represented by Maarten MASSCHELEIN
since 2021 · until 2024
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 42 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
+37 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
Overige diensten op het gebied van informatietechnologie en computer
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Overige gespecialiseerde wetenschappelijke en technische activiteiten