ACTIVE

Société pour le Développement et l'Expansion d'Entreprises

Financial year 2025 · Closed on 31/12/2025

Net result91,3 k €+1 094,9 %over 1 year

Gross margin642,4 k €+13,4 %over 1 year

Equity1,9 M €+4,5 %over 1 year

Identity

Source · BCE/KBO

Société pour le Développement et l'Expansion d'Entreprises is a Public limited company incorporated in 1949. Its main activity is: Agents involved in the sale of furniture, household goods, hardware and ironmongery. Its registered office is in Bruxelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0407.142.949
Incorporation: 02/08/1949
Legal form: Public limited company
Registered office: Rue de Livourne 66 box 6
1000 Bruxelles · BruxellesSee on map
Contributed capital: 247 893,52 €
Latest accounts: 31/12/2025

Activities (NACE)

46150Agents involved in the sale of furniture, household goods, hardware and ironmongery· main 46150Agents involved in the sale of furniture, household goods, hardware and ironmongery 46180Agents specialised in the sale of other particular products 46180Agents specialised in the sale of other particular products 51150Passenger air transport 51180Passenger air transport

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	642,4 k €	+13.4%	566,4 k €	-16.7%	679,8 k €	-10.5%	759,5 k €	+72.6%	440 k €
EBITDA	171 k €	+178%	-220,4 k €	-278%	123,6 k €	-58.8%	300 k €	+514%	48,8 k €
Operating result	169 k €	+177%	-220,8 k €	-279%	123,3 k €	-58.4%	296,6 k €	+589%	43,1 k €
Net result	91,3 k €	+1095%	-9,2 k €	-112%	78,4 k €	-67.1%	238,1 k €	+787%	26,8 k €
Balance sheet
Equity	1,9 M €	+4.5%	1,8 M €	-0.4%	1,8 M €	+4.6%	1,7 M €	+16.2%	1,5 M €
Total assets	3,1 M €	+5.3%	3 M €	-41.8%	5,1 M €	+19.2%	4,3 M €	+52.0%	2,8 M €
Cash	549,7 k €	-18.4%	673,9 k €	+111%	319 k €	-74.4%	1,2 M €	+212%	399,5 k €
Debts	1,3 M €	+6.5%	1,2 M €	-63.9%	3,3 M €	+31.5%	2,5 M €	+94.1%	1,3 M €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

0 active · 4 ended

Ended mandates

Director	Mandates in this company	Period
ELWYN BLATTNER	Managing director10/06/2019 → 10/06/2025
JONATHAN BLATTNER	Director10/06/2008 → 10/06/2025
MICHAEL BLATTNER	Director10/06/2019 → 10/06/2025

Other companies at this address

Rue de Livourne 66 1000 Bruxelles

Company	CBE no.
A.C.P. DE LIVOURNE 66● Active	0850.112.651
ACSA LAW● Active	1042.347.647
chambre de commerce et d'investissement du Cameroun en Europe● Active	0802.376.773
Export-Import de Produits Industriels S.A.● Liquidation	0400.438.269
FONDATION GOSHEN● Active	0795.416.925
GENERAL TRANSPORT SERVICES● Active	0444.637.706
International Resources● Active	0407.267.267
J.E.T. Executive Transport Europe● Active	0424.036.389
JUBILE FOR AFRICA● Active	0848.810.772
LOGIN-BXL● Active	0427.120.989
SMP INTERNATIONAL● Bankrupt	0406.442.074
TAPI Avocat● Active	0750.894.816
WORLD INVESTMENT CORPORATION● Active	0446.337.679

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	13/08/2026	31/07/2025	25/07/2024	20/09/2023	02/08/2022	30/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	13/08/2026	French	PDF
Micro model	31/12/2024	30/06/2025	31/07/2025	French	PDF
Micro model	31/12/2023	30/06/2024	25/07/2024	French	PDF
Micro model	31/12/2022	30/06/2023	20/09/2023	French	PDF
Micro model	31/12/2021	30/06/2022	02/08/2022	French	PDF
Micro model	31/12/2020	30/06/2021	30/08/2021	French	PDF
Micro model	31/12/2019	31/08/2020	09/11/2020	French	PDF
Abridged model	31/12/2018	22/05/2019	13/08/2019	French	PDF
Abridged model	31/12/2017	22/05/2018	06/08/2018	French	PDF
Abridged model	31/12/2016	25/05/2017	09/08/2017	French	PDF
Abridged model	31/12/2015	25/05/2016	11/08/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	08/07/2015	French	PDF
Abridged model	31/12/2013	27/05/2014	10/07/2014	French	PDF
Abridged model	31/12/2012	28/05/2013	26/06/2013	French	PDF
Abridged model	31/12/2011	22/05/2012	03/07/2012	French	PDF
Abridged model	31/12/2010	24/05/2011	29/06/2011	French	PDF
Abridged model	31/12/2009	25/05/2010	30/06/2010	French	PDF
Abridged model	31/12/2008	26/05/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	27/05/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	22/05/2007	12/07/2007	French	PDF
Abridged modelCorrection	31/12/2005	23/05/2006	24/01/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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

0 active · 4 ended

Ended mandates

Director	Mandates in this company	Period
ELWYN BLATTNER	Managing director10/06/2019 → 10/06/2025
JONATHAN BLATTNER	Director10/06/2008 → 10/06/2025
MICHAEL BLATTNER	Director10/06/2019 → 10/06/2025

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/11/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates10/02/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates14/01/2020
DEMISSIONS, NOMINATIONS
PDF
Other15/01/2013
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates29/04/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates29/04/2009
DEMISSIONS, NOMINATIONS
PDF
Other07/01/2008
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates26/09/2007
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

Incorporation1949

Name

Registered office

Annual accounts

Filings19 filings

Mandates

MICHAEL BLATTNER

ELWYN BLATTNER

JONATHAN BLATTNER

JAMES BLATTNER

1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Société pour le Développement et l'Expansion d'Entreprises

Rue de Livourne 66 bte 6, 1000 Brussels

Director

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de Livourne 66 bte 6, 1000 BrusselsCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00397040

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Société pour le Développement et l'Expansion d'EntreprisesCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00397040

Events

2025
Annual accounts 202591,3 k €↑
2024
Annual accounts 2024-9,2 k €↓
2023
Annual accounts 202378,4 k €↓
2022
Annual accounts 2022238,1 k €↑
2021
Annual accounts 202126,8 k €↑
2020
Annual accounts 2020-290,7 k €↓
2019
Annual accounts 2019-3,3 k €↑
2018
Annual accounts 2018-105,6 k €↓
2017
Annual accounts 201762,7 k €↑
2016
Annual accounts 2016-191,5 k €↓
2015
Annual accounts 2015-72,2 k €↓
2014
Annual accounts 2014129,5 k €↓
2013
Annual accounts 2013205,5 k €↓
2012
Annual accounts 2012207,8 k €↑
2011
Annual accounts 2011132,8 k €↓
2010
Annual accounts 2010145,4 k €↓
2009
Annual accounts 2009551,4 k €↑
2008
Annual accounts 200896,8 k €↓
2007
Annual accounts 2007135,3 k €
02/08/1949
IncorporationPublic limited company

Société pour le Développement et l'Expansion d'Entreprises

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