Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
So-dec from Izegem, company number BE0836190676, closed financial year 2025 with a result of € 27,275 after tax. For that financial year So-dec recorded a gross margin of € 354,050 and equity of € 733,445. Compared with financial year 2024, the result moved from € 63,012 to € 27,275. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 733,445
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 27,275
▼ 57% vs 2024
Profit after tax over the fiscal year.
€ 23,467
▲ 293% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 258,445.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 62,295
▲ 4% vs 2024
€ 62,300 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.
€ 81,157
▼ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 975,408
▼ 13% vs 2024
€ 183,978 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 142,459
▲ € 111,986 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,991
▼ 6% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 315,411 | € 355,751 | € 390,909 | € 354,050 | ▼ 9% |
| Profit after taxes | € 38,365 | € 54,363 | € 63,012 | € 27,275 | ▼ 57% |
| Equity | € 588,794 | € 643,157 | € 706,169 | € 733,445 | ▲ 4% |
| Total debts | € 1,661,195 | € 1,511,025 | € 1,477,259 | € 1,567,563 | ▲ 6% |
| Cash | € 20,957 | € 7,134 | € 5,976 | € 23,467 | ▲ 293% |
| Land & buildings | € 2,033,737 | € 1,959,720 | € 1,994,453 | € 1,914,613 | ▼ 4% |
| Retained profit | € 113,794 | € 168,157 | € 231,169 | € 258,445 | ▲ 12% |
| Bank debt | € 1,413,141 | € 1,200,861 | € 1,115,667 | € 975,408 | ▼ 13% |
| Balance sheet total | € 2,249,989 | € 2,154,182 | € 2,183,429 | € 2,301,007 | ▲ 5% |
| Employees (FTE) | 0.8 | 1 | 1 | 1 |
Key figures of So-dec, 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 So-dec?
What happened at So-dec in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 27,275 (▼ 57% vs 2024). Source: NBB ↗
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 38,365 profit in 2022 to € 27,275 profit in 2025.
Paid € 68,128 in corporate taxes since 2022.
Best year ever: 2024, with € 63,012 profit.
On average € 354,100 of value added per employee in 2025.
Management
Behind So-dec are LIESELOT DECEUNINCK and CAGICO BV. The shares are held by CAGICO BV (99.8%), LIESELOT DECEUNINCK (0.1%) and BART SOBRY (0.1%).
Directors
According to the 2025 annual accounts
Director · represented by Bart Sobry
Also active at: Wünder, Natuursteen Familie, KASTER KEUKENS, DAGMAAT, PADRON, KASTER CONSTRUCT, Potrell, Pyloon +1 more
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sasstraat 5
8870 Izegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →COCOLO same network
€ 128,632 gross margin · 2025
Cagico same network
€ 1 million revenue · 2025
Wünder same network
€ 118,144 gross margin · 2025
PARENO same network
€ 835 gross margin · 2025
C.G.C. Sportsteam
€ 19,808 gross margin · 2023
+5 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
- 0836.190.676
- VAT number
- BE 0836.190.676
- Registered office
- Sasstraat 5, 8870 Izegem
- Names & denominations
- So-dec
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 May 2011
- Peppol
- Active · Active since 13 Oct 2026
- Activities · NACE
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