ACTIVE

SOGA

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Financial year 2025 · closed on 30/09/2025

Net result

3,2 M €

-30.7% YoY

Revenue

54,3 M €

-41.2% YoY

Equity

24,5 M €

+15.3% YoY

Workforce

124,5 ETP

+4.6% YoY

What does SOGA do?

SOGA is a Public limited company incorporated in 1969. Its main activity is: Raising of dairy cattle. Its registered office is in Beveren-Kruibeke-Zwijndrecht. It employs on average 124,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0407.034.764

Incorporation

01/08/1969

Legal form

Public limited company

Registered office

Havinkbeekstraat(VER) 3
9130 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map

Contributed capital

405 648,28 €

Latest accounts

30/09/2025

Average workforce

124,5 ETP

Activities (NACE)

01410Raising of dairy cattle· main 42110Construction of roads and motorways 42110Construction of roads and motorways 45230Maintenance and repair of motor vehicles 81300Landscape service activities 81300Landscape service activities+15

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	54,3 M €	-41.2%	92,3 M €	+95.7%	47,2 M €	+12.0%	42,1 M €	+13.8%	37 M €	+8.4%	34,1 M €	+8.2%	31,6 M €	+8.9%	29 M €	+9.0%	26,6 M €	+10.2%	24,1 M €	-3.0%	24,9 M €	+1.1%	24,6 M €	+7.8%	22,8 M €	+28.0%	17,8 M €	-5.0%	18,7 M €	+9.9%	17 M €	+4.8%	16,3 M €	+17.2%	13,9 M €	+16.2%	11,9 M €
EBITDA	5,3 M €	-39.9%	8,9 M €	+62.2%	5,5 M €	-2.4%	5,6 M €	+10.2%	5,1 M €	+17.6%	4,3 M €	+74.8%	2,5 M €	+21.6%	2 M €	-8.5%	2,2 M €	+14.9%	1,9 M €	+10.2%	1,8 M €	-37.3%	2,8 M €	+80.7%	1,6 M €	-2.2%	1,6 M €	-20.1%	2 M €	+16.1%	1,7 M €	-5.0%	1,8 M €	-1.6%	1,8 M €	+62.4%	1,1 M €
Operating result	4,4 M €	-29.8%	6,3 M €	+44.2%	4,3 M €	-10.6%	4,8 M €	+14.7%	4,2 M €	+19.0%	3,6 M €	+116%	1,6 M €	+1.1%	1,6 M €	+38.0%	1,2 M €	-4.7%	1,2 M €	+14.9%	1,1 M €	-51.5%	2,2 M €	+152%	881,1 k €	-1.9%	898,5 k €	-24.6%	1,2 M €	+54.3%	772 k €	-18.5%	947,3 k €	-18.9%	1,2 M €	+95.6%	596,9 k €
Net result	3,2 M €	-30.7%	4,7 M €	+48.1%	3,2 M €	-17.6%	3,8 M €	+9.4%	3,5 M €	+23.6%	2,8 M €	+78.1%	1,6 M €	+49.9%	1,1 M €	+32.4%	803,2 k €	-3.9%	835,7 k €	+7.8%	775,1 k €	-48.9%	1,5 M €	+136%	644,1 k €	-0.3%	645,9 k €	-24.4%	854,8 k €	+55.0%	551,6 k €	-11.9%	626,2 k €	-18.8%	771,3 k €	+131%	334,3 k €
Balance sheet
Equity	24,5 M €	+15.3%	21,3 M €	+36.7%	15,5 M €	+25.5%	12,4 M €	+10.1%	11,3 M €	+19.8%	9,4 M €	+16.6%	8,1 M €	+5.1%	7,7 M €	+6.4%	7,2 M €	+8.3%	6,7 M €	+9.4%	6,1 M €	+9.0%	5,6 M €	+3.0%	5,4 M €	+6.8%	5,1 M €	+8.7%	4,7 M €	+16.7%	4 M €	+11.4%	3,6 M €	+23.4%	2,9 M €	+35.0%	2,2 M €
Total assets	36,5 M €	+9.6%	33,3 M €	+34.7%	24,8 M €	+0.8%	24,6 M €	+11.4%	22 M €	+10.7%	19,9 M €	+6.8%	18,6 M €	+3.2%	18,1 M €	+22.4%	14,8 M €	+10.0%	13,4 M €	+9.8%	12,2 M €	-4.8%	12,8 M €	+2.0%	12,6 M €	+23.5%	10,2 M €	+28.3%	7,9 M €	-14.2%	9,3 M €	+17.4%	7,9 M €	+10.0%	7,2 M €	+18.5%	6 M €
Cash	5,3 M €	+10.3%	4,8 M €	+4.8%	4,6 M €	-29.6%	6,5 M €	+9.9%	5,9 M €	+33.5%	4,4 M €	+94.3%	2,3 M €	+30.4%	1,7 M €	+15.1%	1,5 M €	-23.3%	2 M €	+6.1%	1,9 M €	+21.7%	1,5 M €	+123%	688,6 k €	-22.9%	892,5 k €	-8.1%	971,5 k €	+2.7%	945,8 k €	+2.0%	926,9 k €	+27.8%	725 k €	+7.7%	672,9 k €
Debts	12 M €	-0.4%	12,1 M €	+31.4%	9,2 M €	-24.5%	12,2 M €	+14.4%	10,6 M €	+4.1%	10,2 M €	-0.6%	10,3 M €	+2.5%	10 M €	+33.0%	7,5 M €	+11.6%	6,7 M €	+10.2%	6,1 M €	-15.0%	7,2 M €	+1.1%	7,1 M €	+40.6%	5,1 M €	+57.7%	3,2 M €	-38.0%	5,2 M €	+22.7%	4,2 M €	+0.7%	4,2 M €	+9.9%	3,8 M €
Other
Workforce	124,5 ETP	+4.6%	119,0 ETP	+20.2%	99,0 ETP	+4.0%	95,2 ETP	-1.8%	96,9 ETP	+2.3%	94,7 ETP	+9.6%	86,4 ETP	-1.4%	87,6 ETP	+2.7%	85,3 ETP	+8.9%	78,3 ETP	+4.3%	75,1 ETP	+0.5%	74,7 ETP	-6.3%	79,7 ETP	+20.2%	66,3 ETP	+5.4%	62,9 ETP	-0.8%	63,4 ETP	+2.8%	61,7 ETP	+5.1%	58,7 ETP	+3.3%	56,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 18 ended

Active mandates

André VAN MIEGHEM

Managing director · since 21 septembre 2023 · until 21 septembre 2029

Active

AnVM MANAGEMENT

Director · since 21 septembre 2023 · until 21 septembre 2029 · 0802.921.557

Represented by AN VAN MIEGHEM

Active

CVM Management

Managing director · since 21 septembre 2023 · until 21 septembre 2029 · 0802.924.527

Represented by CHRIS VAN MIEGHEM

Active

Ended mandates

André Van Mieghem

Managing director · since 08 juin 2021 · until 08 juin 2027

Ended

André VAN MIEGHEM

Director · since 08 juin 2021 · until 08 juin 2027

Ended

Chris VAN MIEGHEM

Director · since 11 juin 2019 · until 10 juin 2025

Ended

Veerle GOEMAN

Director · since 11 juin 2019 · until 10 juin 2025

Ended

At this address

Other companies at this address

Company	CBE no.
CDS - GROEN● Active	0687.464.833
ERLA● Active	1000.445.231
SOGA-SERU TM● Active	0643.823.543
SWO TM● Active	0542.853.867
VACA IMMO● Active	0508.627.418
WEGRO● Active	0891.885.108

Annual accounts

Full financial information

	2025	2024	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/09/2025	30/09/2024	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	21 months	12 months	12 months	12 months	12 months
Filing date	23/04/2026	25/04/2025	19/07/2023	28/06/2022	01/07/2021	06/07/2020
General meeting	27/03/2026	28/03/2025	30/06/2023	14/06/2022	25/06/2021	13/06/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	27/03/2026	23/04/2026	Dutch	PDF
Full model	30/09/2024	28/03/2025	25/04/2025	Dutch	PDF
Full model	31/12/2022	30/06/2023	19/07/2023	Dutch	PDF
Consolidated accounts	31/12/2022	31/08/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	14/06/2022	28/06/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	01/07/2021	Dutch	PDF
Full model	31/12/2019	13/06/2020	06/07/2020	Dutch	PDF
Full model	31/12/2018	25/06/2019	27/06/2019	Dutch	PDF
Full model	31/12/2017	20/06/2018	19/07/2018	Dutch	PDF
Full model	31/12/2016	13/06/2017	19/06/2017	Dutch	PDF
Full model	31/12/2015	14/06/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	09/06/2015	12/06/2015	Dutch	PDF
Full model	31/12/2013	25/06/2014	26/06/2014	Dutch	PDF
Full model	31/12/2012	11/06/2013	10/07/2013	Dutch	PDF
Full model	31/12/2011	12/06/2012	22/06/2012	Dutch	PDF
Full model	31/12/2010	14/06/2011	30/06/2011	Dutch	PDF
Full model	31/12/2009	08/06/2010	30/06/2010	Dutch	PDF
Full model	31/12/2008	09/06/2009	30/06/2009	Dutch	PDF
Full model	31/12/2007	09/06/2008	17/06/2008	Dutch	PDF
Full model	31/12/2006	12/06/2007	03/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 18 ended

Active mandates

André VAN MIEGHEM

Managing director · since 21 septembre 2023 · until 21 septembre 2029

Active

AnVM MANAGEMENT

Director · since 21 septembre 2023 · until 21 septembre 2029 · 0802.921.557

Represented by AN VAN MIEGHEM

Active

CVM Management

Managing director · since 21 septembre 2023 · until 21 septembre 2029 · 0802.924.527

Represented by CHRIS VAN MIEGHEM

Active

Ended mandates

André Van Mieghem

Managing director · since 08 juin 2021 · until 08 juin 2027

Ended

André VAN MIEGHEM

Director · since 08 juin 2021 · until 08 juin 2027

Ended

Chris VAN MIEGHEM

Director · since 11 juin 2019 · until 10 juin 2025

Ended

Veerle GOEMAN

Director · since 11 juin 2019 · until 10 juin 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring27/11/2023
BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring16/11/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring23/08/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring23/08/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates17/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/03/2022
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20253,2 M €↓
2024
Annual accounts 20244,7 M €↑
2022
Annual accounts 20223,2 M €↓
2022
Name changeSAMENWERKENDE ORGANISATIE VAN GESPECIALISEERDE AANNEMERS (SOGA)
2021
Annual accounts 20213,8 M €↑
2021
Name changeSOGA
2020
Annual accounts 20203,5 M €↑
2019
Annual accounts 20192,8 M €↑
2018
Annual accounts 20181,6 M €↑
2017
Annual accounts 20171,1 M €↑
2016
Annual accounts 2016803,2 k €↓
2015
Annual accounts 2015835,7 k €↑
2014
Annual accounts 2014775,1 k €↓
2013
Annual accounts 20131,5 M €↑
2012
Annual accounts 2012644,1 k €↓
2011
Annual accounts 2011645,9 k €↓
2010
Annual accounts 2010854,8 k €↑
2009
Annual accounts 2009551,6 k €↓
2008
Annual accounts 2008626,2 k €↓
2007
Annual accounts 2007771,3 k €↑
2006
Annual accounts 2006334,3 k €
01/08/1969
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SOGA

Overview

What does SOGA do?

Trend over 19 financial years

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