ACTIVE

SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION

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Financial year 2025 · Closed on 31/12/2025

Net result34,1 M €+31,7 %over 1 year

Revenue199,7 M €+7,8 %over 1 year

Equity254,2 M €+7,4 %over 1 year

Workforce103,8 ETP+9,1 %over 1 year

Identity

Source · BCE/KBO

SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION is a Public limited company incorporated in 1921. Its main activity is: Wholesale of beverages. Its registered office is in Woluwe-Saint-Lambert. It employs on average 103,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0405.844.436
Incorporation: 08/05/1921
Legal form: Public limited company
Registered office: Avenue des Communautés 110
1200 Woluwe-Saint-Lambert · BruxellesSee on map
Contributed capital: 5 000 000,00 €
Latest accounts: 31/12/2025
Average workforce: 103,8 ETP

Activities (NACE)

46349Wholesale of beverages· main 46349Wholesale of beverages 51340Air transport 64200Activities of holding companies 64210Activities of holding companies 74151Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 92 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	199,7 M €	+7.8%	185,3 M €	+6.1%	174,5 M €	+7.8%	161,9 M €	+7.7%	150,3 M €
EBITDA	13,1 M €	+36.4%	9,6 M €	+22.3%	7,9 M €	+88.6%	4,2 M €	-47.7%	8 M €
Operating result	11,8 M €	+33.3%	8,9 M €	+36.2%	6,5 M €	+121%	3 M €	-59.7%	7,3 M €
Net result	34,1 M €	+31.7%	25,9 M €	+80.6%	14,3 M €	-34.2%	21,8 M €	-15.8%	25,9 M €
Balance sheet
Equity	254,2 M €	+7.4%	236,7 M €	+5.6%	224,1 M €	+2.4%	218,9 M €	+7.7%	203,3 M €
Total assets	370,4 M €	+5.6%	350,6 M €	+12.0%	313 M €	+5.4%	297 M €	+1.1%	293,8 M €
Cash	28,9 M €	-45.9%	53,4 M €	+59.0%	33,6 M €	+85.3%	18,1 M €	-18.7%	22,3 M €
Debts	116 M €	+2.0%	113,7 M €	+28.3%	88,6 M €	+13.7%	77,9 M €	-13.5%	90,1 M €
Other
Workforce	103,8 ETP	+9.1%	95,1 ETP	-0.2%	95,3 ETP	+0.1%	95,2 ETP	+1.6%	93,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 18 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Beuzz Management1023.598.834Represented by Louis-Guy du Bois	Director03/10/2025 → 25/05/2027
A20807.274.877Represented by Alain BEYENS	Director10/06/2021 → 29/05/2029
FAMILIA NUMEROSA BVRepresented by Roel VAN NEERBOS	Chairman of the board of directors10/06/2021 → 29/05/2029Director08/06/2017 → 10/06/2021ended
GEREFIS0470.099.018Represented by Marc BARON du Bois	Managing director01/04/2022 → 29/05/2029
Katalin Berenyi	Director28/05/2024 → 23/05/2028
Mieke Van de Capelle	Director23/05/2023 → 25/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Louis-Guy du Bois	Director23/05/2023 → 25/05/2027
Barbara du Bois	Director24/05/2022 → 10/11/2022
FINANCES ET INDUSTRIES0430.083.449Represented by Axel MILLER	Director24/05/2022 → 26/05/2026

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Avenue des Communautés 110 1200 Woluwe-Saint-Lambert

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/06/2026	17/06/2025	21/06/2024	21/06/2023	10/06/2022	05/07/2021
General meeting	26/05/2026	27/05/2025	28/05/2024	23/05/2023	24/05/2022	10/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 92 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/05/2026	12/06/2026	French	PDF
Consolidated accounts	31/12/2025	26/05/2026	15/06/2026	French	PDF
Full model	31/12/2024	27/05/2025	17/06/2025	French	PDF
Consolidated accounts	31/12/2024	27/05/2025	17/06/2025	French	PDF
Full model	31/12/2023	28/05/2024	21/06/2024	French	PDF
Consolidated accounts	31/12/2023	28/05/2024	20/06/2024	French	PDF
Full model	31/12/2022	23/05/2023	21/06/2023	French	PDF
Consolidated accounts	31/12/2022	23/05/2023	23/06/2023	French	PDF
Full model	31/12/2021	24/05/2022	10/06/2022	French	PDF
Consolidated accounts	31/12/2021	24/05/2022	13/06/2022	French	PDF
Full model	31/12/2020	10/06/2021	05/07/2021	French	PDF
Consolidated accounts	31/12/2020	10/06/2021	05/07/2021	French	PDF
Full model	31/12/2019	11/06/2020	02/07/2020	French	PDF
Consolidated accounts	31/12/2019	11/06/2020	10/07/2020	French	PDF
Full model	31/12/2018	13/06/2019	20/06/2019	French	PDF
Consolidated accounts	31/12/2018	13/06/2019	16/07/2019	French	PDF
Full model	31/12/2017	14/06/2018	10/07/2018	French	PDF
Consolidated accounts	31/12/2017	14/06/2018	10/07/2018	French	PDF
Full model	31/12/2016	08/06/2017	26/06/2017	French	PDF
Consolidated accounts	31/12/2016	08/06/2017	01/08/2017	French	PDF
Full model	31/12/2015	09/06/2016	05/07/2016	French	PDF
Consolidated accounts	31/12/2015	09/06/2016	30/08/2016	French	PDF
Full model	31/12/2014	11/06/2015	01/07/2015	French	PDF
Consolidated accounts	31/12/2014	11/06/2015	23/07/2015	French	PDF
Full model	31/12/2013	12/06/2014	02/07/2014	French	PDF
Consolidated accounts	31/12/2013	12/06/2014	24/07/2014	French	PDF
Full model	31/12/2012	13/06/2013	04/07/2013	French	PDF
Consolidated accounts	31/12/2012	13/06/2013	02/07/2013	French	PDF
Full model	31/12/2011	14/06/2012	10/07/2012	French	PDF
Consolidated accounts	31/12/2011	14/06/2012	11/07/2012	French	PDF
Full model	31/12/2010	09/06/2011	28/06/2011	French	PDF
Consolidated accounts	31/12/2010	09/06/2011	06/07/2011	French	PDF
Full model	31/12/2009	10/06/2010	28/06/2010	French	PDF
Consolidated accounts	31/12/2009	10/06/2010	07/10/2010	French	PDF
Full model	31/12/2008	11/06/2009	07/07/2009	French	PDF
Consolidated accounts	31/12/2008	11/06/2009	09/07/2009	French	PDF
Full model	31/12/2007	12/06/2008	13/08/2008	French	PDF
Consolidated accounts	31/12/2007	12/06/2008	28/08/2008	French	PDF
Full model	31/12/2006	14/06/2007	16/08/2007	French	PDF
Consolidated accounts	31/12/2006	14/06/2007	30/08/2007	French	PDF
Full model	31/12/2005	08/06/2006	14/07/2006	French	PDF
Consolidated accounts	31/12/2005	08/06/2006	02/08/2006	French	PDF
Full modelCorrection	31/12/2004	09/06/2005	30/09/2005	French	PDF
Full model	31/12/2004	09/06/2005	08/07/2005	French	PDF
Consolidated accounts	31/12/2004	09/06/2005	08/07/2005	French	PDF
Full model	31/12/2003	10/06/2004	29/06/2004	French	PDF
Consolidated accounts	31/12/2003	10/06/2004	29/06/2004	French	PDF
m905-p	31/12/2002	12/06/2003	30/06/2003	French	PDF
Consolidated accounts	31/12/2002	12/06/2003	30/06/2003	French	PDF
m905-p	31/12/2001	13/06/2002	19/06/2002	French	PDF
Consolidated accounts	31/12/2001	13/06/2002	19/06/2002	French	PDF
Consolidated accounts	31/12/2000	14/06/2001	13/07/2001	French	PDF
m905-p	31/12/2000	14/06/2001	15/06/2001	French	PDF
m905-p	31/12/1999	08/06/2000	29/06/2000	French	PDF
Consolidated accounts	31/12/1999	08/06/2000	29/06/2000	French	PDF
Consolidated accounts	31/12/1998	10/06/1999	29/06/1999	French	PDF
m905-p	31/12/1998	10/06/1999	29/06/1999	French	PDF
Consolidated accounts	31/12/1997	11/06/1998	29/06/1998	French	—
m905-p	31/12/1997	11/06/1998	17/06/1998	French	—
m905-p	31/12/1996	12/06/1997	10/07/1997	French	—
Consolidated accounts	31/12/1996	12/06/1997	10/07/1997	French	—
m905-p	31/12/1995	13/06/1996	02/07/1996	French	—
Consolidated accounts	31/12/1995	13/06/1996	02/07/1996	French	—
m905-p	31/12/1994	08/06/1995	11/07/1995	French	—
Consolidated accounts	31/12/1994	08/06/1995	11/07/1995	French	—
m905-p	31/12/1993	09/06/1994	06/07/1994	French	—
Consolidated accounts	31/12/1993	09/06/1994	06/07/1994	French	—
m905-p	31/12/1992	10/06/1993	02/07/1993	French	—
Consolidated accounts	31/12/1992	10/06/1993	02/07/1993	French	—
Full model	31/12/1991	11/06/1992	07/08/1992	French	—
Consolidated accounts	31/12/1991	11/06/1992	07/08/1992	French	—
Consolidated accounts	31/12/1990	13/06/1991	27/06/1991	French	—
m905-p	31/12/1990	13/06/1991	27/06/1991	French	—
Consolidated accounts	31/12/1989	14/06/1990	03/07/1990	French	—
m905-p	31/12/1989	14/06/1990	03/07/1990	French	—
Consolidated accounts	31/12/1988	08/06/1989	30/06/1989	French	—
m905-p	31/12/1988	08/06/1989	15/06/1989	French	—
m905-p	31/12/1987	09/06/1988	23/06/1988	French	—
Consolidated accounts	31/12/1986	01/01/9999	02/07/1987	French	—
m905-p	31/12/1986	11/06/1987	02/07/1987	French	—
m905-p	31/12/1985	12/06/1986	02/07/1986	French	—
Consolidated accounts	31/12/1985	12/06/1986	02/07/1986	French	—
m905-p	31/12/1984	13/06/1985	16/07/1985	French	—
Consolidated accounts	31/12/1983	14/06/1984	13/07/1984	French	—
m905-p	31/12/1983	14/06/1984	03/07/1984	French	—
m905-p	31/12/1982	09/06/1983	21/06/1983	French	—
m904-p	31/12/1981	10/06/1982	06/07/1982	French	—
m904-p	31/12/1980	01/01/9999	23/07/1981	French	—
m904-p	31/12/1979	01/01/9999	17/06/1980	English	—
m904-p	31/12/1978	01/01/9999	19/06/1979	English	—
m904-pCorrection	31/12/1977	01/01/9999	19/06/1979	English	—
m904-p	31/12/1977	01/01/9999	15/06/1978	English	—

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 18 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Beuzz Management1023.598.834Represented by Louis-Guy du Bois	Director03/10/2025 → 25/05/2027
A20807.274.877Represented by Alain BEYENS	Director10/06/2021 → 29/05/2029
FAMILIA NUMEROSA BVRepresented by Roel VAN NEERBOS	Chairman of the board of directors10/06/2021 → 29/05/2029Director08/06/2017 → 10/06/2021ended
GEREFIS0470.099.018Represented by Marc BARON du Bois	Managing director01/04/2022 → 29/05/2029
Katalin Berenyi	Director28/05/2024 → 23/05/2028
Mieke Van de Capelle	Director23/05/2023 → 25/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Louis-Guy du Bois	Director23/05/2023 → 25/05/2027
Barbara du Bois	Director24/05/2022 → 10/11/2022
FINANCES ET INDUSTRIES0430.083.449Represented by Axel MILLER	Director24/05/2022 → 26/05/2026

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates19/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates21/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates29/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates26/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates06/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates24/08/2021
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Other29/07/2021
OBJET - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates30/09/2020
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1921

Name

Registered office

Annual accounts

Filings17 filings

Mandates

Beuzz Management

GEREFIS

FAMILIA NUMEROSA BV

Katalin Berenyi

Mieke Van de Capelle

Louis-Guy du Bois

FINANCES ET INDUSTRIES

Barbara du Bois

FAMILIA NUMEROSA B.V.

Marc BARON du Bois

MEERWAARDE,OMNIPRESENCE,SYMPATHIE & TRIAL

and 12 more mandates

1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

S P A D E L

Avenue des Communautés 110, 1200 Woluwe-Saint-Lambert

Director

Managing director

Director

Chairman of the board of directorsDirector

Director

Chairman of the board of directors

Managing director

Chairman of the board of directorsDirector

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue des Communautés 110, 1200 Woluwe-Saint-LambertCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00166702

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATIONCurrent		CBE
SPADEL SA	accounts 2025	Accounts 2025 · 2026-00166702
S P A D E L	accounts 2022 → 2024	Accounts 2024 · 2025-00156157
SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION	accounts 2021	Accounts 2021 · 2022-20062163

Events

2025
Annual accounts 202534,1 M €↑
2025
Name changeSPADEL SA
03/10/2025
nominationBeuzz Management SRL · administrateur
27/05/2025
nominationGerefis SA · administrateur délégué
27/05/2025
nominationFamilia Numerosa BV · Président du Conseil d'administration
27/05/2025
reconductionGerefis SA · administrateur exécutif non-indépendant
27/05/2025
reconductionFamilia Numerosa B.V · administrateur non-exécutif indépendant
27/05/2025
reconductionA2 BV · administrateur non-exécutif indépendant
27/05/2025
reconductionPwC Reviseurs d'Entreprises SRL · Commissaire
27/05/2025
nominationPwC Reviseurs d'Entreprises SRL · commissaire pour la mission d'assurance limitée de l'information en matière de durabilité
2024
Annual accounts 202425,9 M €↑
28/05/2024
nominationKatalin Berenyi · administratrice indépendante
2023
Annual accounts 202314,3 M €↓
23/05/2023
nominationMieke Van de Capelle · administrateur
23/05/2023
nominationLouis-Guy du Bois · administrateur
2022
Annual accounts 202221,8 M €↓
2022
Name changeS P A D E L
24/05/2022
reconductionBarbara du Bois · administrateur
24/05/2022
reconductionFinances & Industries SA · administrateur
24/05/2022
reconductionPricewaterhouseCoopers Reviseurs d'Entreprises SRL · Commissaire
01/04/2022
nominationGerefis SA · administrateur
2021
Annual accounts 202125,9 M €↑
2020
Annual accounts 202011,2 M €↓
2019
Annual accounts 201925,7 M €↓
2018
Annual accounts 201831,7 M €↑
2017
Annual accounts 201722,1 M €↑
2016
Annual accounts 201611,6 M €↓
2015
Annual accounts 201516,6 M €↑
2014
Annual accounts 201412,5 M €↓
2013
Annual accounts 201312,7 M €↑
2012
Annual accounts 201210,6 M €↓
2011
Annual accounts 201114 M €↑
2010
Annual accounts 20108 M €↓
2009
Annual accounts 20099 M €
08/05/1921
IncorporationPublic limited company

SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events