ACTIVE

Société de Développement d'Ouvrages souterrains

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Financial year 2025 · Closed on 31/12/2025

Net result40,4 k €+161,8 %over 1 year
Revenue308,8 k €+113,0 %over 1 year
Equity472,5 k €+9,4 %over 1 year

Identity

Source · BCE/KBO

Société de Développement d'Ouvrages souterrains is a Public limited company incorporated in 1972. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Saint-Josse-ten-Noode.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0412.708.472
Incorporation
20/10/1972
Legal form
Public limited company
Registered office
Boulevard du Roi Albert II 19
1210 Saint-Josse-ten-Noode · BruxellesSee on map
Contributed capital
628 159,71 €
Latest accounts
31/12/2025
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 7 financial years

20252024202320222021
Income statement
Revenue308,8 k €145 k €702,4 k €296,8 k €277,1 k €
EBITDA27 k €-364,6 k €253,2 k €-38,7 k €-34,9 k €
Operating result27 k €-60,7 k €-50,6 k €-38,7 k €-34,9 k €
Net result40,4 k €-65,4 k €-43,2 k €-37,7 k €-36,9 k €
Balance sheet
Equity472,5 k €432 k €497,5 k €540,6 k €578,4 k €
Total assets1,3 M €966,2 k €890,8 k €668,5 k €622,4 k €
Debts91,2 k €78,9 k €89,6 k €127,7 k €44 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 17 ended

Active mandates

Nicolas ROGEZ

Chairman of the board of directors · since 18 avril 2025 · until 11 mai 2029

Active
Natalie DEWULF

Chairman of the board of directors · since 19 avril 2022 · until 18 avril 2025

Active
Jan EELEN

Managing director · since 17 mai 2021 · until 11 mai 2029

Active
Hans VERLINDE

Director · since 24 juin 2020 · until 11 mai 2028

Active
Xavier ALLARD

Director · since 24 juin 2020 · until 11 mai 2028

Active

Ended mandates

Natalie DEWULF

Chairman of the board of directors · since 19 avril 2022 · until 08 mai 2025

Ended
Natalie Mme. DEWULF

Chairman of the board of directors · since 19 avril 2022 · until 12 mai 2022

Ended
Jan EELEN

Managing director · since 17 mai 2021 · until 08 mai 2025

Ended
Jan Mr. EELEN

Managing director · since 17 mai 2021 · until 08 mai 2025

Ended

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Boulevard du Roi Albert II 19 1210 Saint-Josse-ten-Noode
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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/05/202627/05/202508/07/202417/07/202305/07/202231/05/2021
General meeting15/05/202608/05/202510/05/202430/06/202312/05/202217/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202515/05/202627/05/2026DutchPDF
Full model31/12/202408/05/202527/05/2025DutchPDF
Full model31/12/202310/05/202408/07/2024DutchPDF
Full model31/12/202230/06/202317/07/2023DutchPDF
Full model31/12/202112/05/202205/07/2022DutchPDF
Full model31/12/202017/05/202131/05/2021DutchPDF
Full model31/12/201924/06/202002/07/2020DutchPDF
Full model31/12/201809/05/201924/06/2019DutchPDF
Full model31/12/201714/05/201809/07/2018DutchPDF
Full model31/12/201611/05/201722/08/2017DutchPDF
Full model31/12/201512/05/201613/06/2016DutchPDF
Full model31/12/201415/05/201529/05/2015DutchPDF
Full model31/12/201308/05/201421/05/2014DutchPDF
Full model31/12/201213/05/201329/05/2013DutchPDF
Full model31/12/201110/05/201229/05/2012DutchPDF
Full model31/12/201012/05/201131/05/2011DutchPDF
Full model31/12/200917/05/201002/06/2010DutchPDF
Full model31/12/200814/05/200920/05/2009DutchPDF
Full model31/12/200708/05/200810/06/2008DutchPDF
Full model31/12/200610/05/200712/06/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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

5 active · 17 ended

Active mandates

Nicolas ROGEZ

Chairman of the board of directors · since 18 avril 2025 · until 11 mai 2029

Active
Natalie DEWULF

Chairman of the board of directors · since 19 avril 2022 · until 18 avril 2025

Active
Jan EELEN

Managing director · since 17 mai 2021 · until 11 mai 2029

Active
Hans VERLINDE

Director · since 24 juin 2020 · until 11 mai 2028

Active
Xavier ALLARD

Director · since 24 juin 2020 · until 11 mai 2028

Active

Ended mandates

Natalie DEWULF

Chairman of the board of directors · since 19 avril 2022 · until 08 mai 2025

Ended
Natalie Mme. DEWULF

Chairman of the board of directors · since 19 avril 2022 · until 12 mai 2022

Ended
Jan EELEN

Managing director · since 17 mai 2021 · until 08 mai 2025

Ended
Jan Mr. EELEN

Managing director · since 17 mai 2021 · until 08 mai 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other29/07/2026
    DIVERSEN
    PDF
  • Mandates26/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other25/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other25/03/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other27/12/2023
    DIVERS
    PDF
  • Registered office06/01/2023
    MAATSCHAPPELIJKE ZETEL
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202540,4 k €↑
  2. 2024
    Annual accounts 2024-65,4 k €↓
  3. 2023
    Annual accounts 2023-43,2 k €↓
  4. 2022
    Annual accounts 2022-37,7 k €↓
  5. 2021
    Annual accounts 2021-36,9 k €↑
  6. 2020
    Annual accounts 2020-50,6 k €↓
  7. 2019
    Annual accounts 2019-27,2 k €
  8. 20/10/1972
    IncorporationPublic limited company