What does SOVEDO Logistics and Fuels do?

SOVEDO Logistics and Fuels is a road haulage company in Menen. Private Limited, started on 3 March 2021, 1 establishment.

What is the address of SOVEDO Logistics and Fuels?

The registered office of SOVEDO Logistics and Fuels is located at Lar K3, 8930 Menen.

Is SOVEDO Logistics and Fuels still active?

Yes. According to the CBE (29 October 2026) SOVEDO Logistics and Fuels is active, legal situation “Normale toestand”, started on 3 March 2021.

Is SOVEDO Logistics and Fuels registered on Peppol?

Yes, SOVEDO Logistics and Fuels is registered on the Peppol network with ID 0208:0764577655.

What is the enterprise number of SOVEDO Logistics and Fuels?

The enterprise number of SOVEDO Logistics and Fuels is BE0764577655.

When was SOVEDO Logistics and Fuels founded?

SOVEDO Logistics and Fuels was founded on 3 March 2021.

Who are the directors of SOVEDO Logistics and Fuels?

According to the 2025 annual accounts, the directors of SOVEDO Logistics and Fuels are: M & V BV, Veronique Meeuw, Verdonck Michiel BV.

Is SOVEDO Logistics and Fuels a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 3 March 2021; 4 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did SOVEDO Logistics and Fuels make in 2025?

SOVEDO Logistics and Fuels posted a profit after taxes of € 64,976 in financial year 2025.

What is the revenue of SOVEDO Logistics and Fuels?

As a small company, SOVEDO Logistics and Fuels is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 3,948,014.

How much does an employee at SOVEDO Logistics and Fuels earn?

The average wage cost per full-time employee at SOVEDO Logistics and Fuels was € 76,300 in 2025: staff costs of € 3.1 million for 40.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does SOVEDO Logistics and Fuels have?

According to the 2025 annual accounts, SOVEDO Logistics and Fuels has 40.3 full-time equivalents (FTE).

Does SOVEDO Logistics and Fuels have a website?

Yes, SOVEDO Logistics and Fuels has a website at sovedo.be.

SOVEDO Logistics and Fuels (Private Limited) - Menen

Dossier SOVEDO Logistics and Fuels, printed on 29 October 2026 from databakkes.be/en/0764577655/sovedo-logistics-and-fuels. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

SOVEDO Logistics and Fuels from Menen, company number BE0764577655, closed financial year 2025 with a result of € 64,976 after tax. For that financial year SOVEDO Logistics and Fuels recorded a gross margin of € 3.9 million and equity of € 457,499. Compared with financial year 2024, the result moved from € 164,149 to € 64,976. The company is profitable. 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 March 27, 2026.

What it is worth Growing

€ 457,499

▲ 17% vs 2024

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

Profit Healthy

€ 64,976

▼ 60% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 347,623

▲ 125% 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 € 357,499.

People and assets in 2025

Full-time equivalents

40.3

▲ 8.7 vs 2024

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

Wage cost

€ 3.1 million

▲ 36% vs 2024

€ 76,300 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

€ 2.3 million

▼ 4% vs 2024

Of which on lease € 2.2 million.

Debts at end 2025

Bank debt ≈ 4 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.

€ 2.8 million

▼ 1% vs 2024

€ 650,425 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 143,772

▼ 71% vs 2024

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

Taxes and wages

€ 385,883

▲ 58% 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	€ 1,130,189 Gross margin 2022: € 1,130,189 First fiscal year in the series	€ 1,254,713 Gross margin 2023: € 1,254,713 ▲ 11% vs 2022 (€ 1,130,189) Favourable step	€ 3,299,421 Gross margin 2024: € 3,299,421 ▲ 163% vs 2023 (€ 1,254,713) Favourable step	€ 3,948,014 Gross margin 2025: € 3,948,014 ▲ 20% vs 2024 (€ 3,299,421) Favourable step	▲ 20%
Profit after taxes	€ 392,036 Profit after taxes 2022: € 392,036 First fiscal year in the series	€ -263,662 Profit after taxes 2023: € -263,662 ▼ € 655,699 vs 2022 (€ 392,036) Unfavourable step	€ 164,149 Profit after taxes 2024: € 164,149 ▲ € 427,811 vs 2023 (€ -263,662) Favourable step	€ 64,976 Profit after taxes 2025: € 64,976 ▼ 60% vs 2024 (€ 164,149) Unfavourable step	▼ 60%
Equity	€ 492,036 Equity 2022: € 492,036 First fiscal year in the series	€ 228,374 Equity 2023: € 228,374 ▼ 54% vs 2022 (€ 492,036) Unfavourable step	€ 392,523 Equity 2024: € 392,523 ▲ 72% vs 2023 (€ 228,374) Favourable step	€ 457,499 Equity 2025: € 457,499 ▲ 17% vs 2024 (€ 392,523) Favourable step	▲ 17%
Total debts	€ 929,449 Total debts 2022: € 929,449 First fiscal year in the series	€ 3,164,277 Total debts 2023: € 3,164,277 ▲ 240% vs 2022 (€ 929,449) Unfavourable step	€ 4,094,718 Total debts 2024: € 4,094,718 ▲ 29% vs 2023 (€ 3,164,277) Unfavourable step	€ 4,855,816 Total debts 2025: € 4,855,816 ▲ 19% vs 2024 (€ 4,094,718) Unfavourable step	▲ 19%
Cash	€ 215,355 Cash 2022: € 215,355 First fiscal year in the series	€ 97,980 Cash 2023: € 97,980 ▼ 55% vs 2022 (€ 215,355) Unfavourable step	€ 154,648 Cash 2024: € 154,648 ▲ 58% vs 2023 (€ 97,980) Favourable step	€ 347,623 Cash 2025: € 347,623 ▲ 125% vs 2024 (€ 154,648) Favourable step	▲ 125%
Retained profit	€ 392,036 Retained profit 2022: € 392,036 First fiscal year in the series	€ 128,374 Retained profit 2023: € 128,374 ▼ 67% vs 2022 (€ 392,036) Unfavourable step	€ 292,523 Retained profit 2024: € 292,523 ▲ 128% vs 2023 (€ 128,374) Favourable step	€ 357,499 Retained profit 2025: € 357,499 ▲ 22% vs 2024 (€ 292,523) Favourable step	▲ 22%
Bank debt	€ 405,396 Bank debt 2022: € 405,396 First fiscal year in the series	€ 1,904,016 Bank debt 2023: € 1,904,016 ▲ € 1.5 million vs 2022 (€ 405,396) Unfavourable step	€ 2,856,399 Bank debt 2024: € 2,856,399 ▲ 50% vs 2023 (€ 1,904,016) Unfavourable step	€ 2,835,228 Bank debt 2025: € 2,835,228 ▼ 1% vs 2024 (€ 2,856,399) Favourable step	▼ 1%
Balance sheet total	€ 1,421,485 Balance sheet total 2022: € 1,421,485 First fiscal year in the series	€ 3,392,651 Balance sheet total 2023: € 3,392,651 ▲ 139% vs 2022 (€ 1,421,485) Unchanged	€ 4,487,241 Balance sheet total 2024: € 4,487,241 ▲ 32% vs 2023 (€ 3,392,651) Unchanged	€ 5,313,316 Balance sheet total 2025: € 5,313,316 ▲ 18% vs 2024 (€ 4,487,241) Unchanged	▲ 18%
Employees (FTE)	7.9 Employees (FTE) 2022: 7.9 First fiscal year in the series	18.5 Employees (FTE) 2023: 18.5 ▲ 10.6 vs 2022 (7.9) Unchanged	31.6 Employees (FTE) 2024: 31.6 ▲ 13.1 vs 2023 (18.5) Unchanged	40.3 Employees (FTE) 2025: 40.3 ▲ 8.7 vs 2024 (31.6) Unchanged	▲ 8.7

Key figures of SOVEDO Logistics and Fuels, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.

What happened to SOVEDO Logistics and Fuels?

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

Mar 27, 2026 New annual accounts for financial year 2025: profit of € 64,976 (▼ 60% vs 2024). Source: NBB ↗
2024 M & V BV became a director. NBB
2024 Veronique Meeuw became a director. NBB
Mar 3, 2021 New establishment in Menen. KBO
Mar 3, 2021 Start of the company according to the CBE. KBO
2021 Verdonck Michiel BV became a director. NBB

In short

From € 392,036 profit in 2022 to € 64,976 profit in 2025.

Paid € 93,102 in corporate taxes since 2022.

Best year ever: 2022, with € 392,036 profit.

On average € 98,000 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Verdonck Michiel 49%

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

SOVEDO Logistics and Fuels

Behind SOVEDO Logistics and Fuels are M & V BV, Veronique Meeuw and Verdonck Michiel BV. The shares are held by Verdonck Michiel (49%).

Directors

According to the 2025 annual accounts

M & V BV

Director · represented by Bernard Verdonck

since 2024

Veronique Meeuw

Director

Also active at: M & V

since 2024

Verdonck Michiel BV

Director · represented by Michiel Verdonck

Also active at: VM-Milktrans

since 2021

Shareholders

Verdonck Michiel

49%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Lar K3

8930 Menen

2.314.311.221

LAR blok K 3

8930 Menen

Active since 3 March 2021

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

Website

HTTPS sovedo.be

Technologies

Apache

Domain

sovedo.be

Registered

2021-03-03

Website info

HTTPS Ja

Features

Details

Company number

0764.577.655

VAT number

BE 0764.577.655

Registered office

Lar K3, 8930 Menen

Names & denominations

SOVEDO Logistics and Fuels

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

3 March 2021

Peppol

Active · Active since 15 May 2025

Contact

sovedo.be

Activities · NACE

Goederenvervoer over de weg

Groothandel in vaste, vloeibare en gasvormige brandstoffen en aanverwante producten

Detailhandel in motorbrandstoffen

Verhuur en lease van personenauto’s en andere lichte motorvoertuigen

Detailhandel in dranken, algemeen assortiment

Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)

Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)

View on CBE Public ↗ Annual accounts (NBB) ↗

SOVEDO Logistics and Fuels

Financials

What happened to SOVEDO Logistics and Fuels?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Website

Technologies

Domain

Website info

Features

Details

Frequently asked questions