ACTIVE

SEDCO

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Financial year 2025 · closed on 31/12/2025
Net result
132,9 k €
+507.7% YoY
Gross margin
879,8 k €
-19.4% YoY
Equity
927,3 k €
+16.7% YoY
Workforce
10,8 ETP
-15.6% YoY

What does SEDCO do?

SEDCO is a Public limited company incorporated in 1976. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Gent. It employs on average 10,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0415.804.455
Incorporation
13/02/1976
Legal form
Public limited company
Registered office
Schouwingstraat 45
9032 Gent · FlandreSee on map
Contributed capital
587 000,00 €
Latest accounts
31/12/2025
Average workforce
10,8 ETP
Activities (NACE)
46731Wholesale of wood, construction materials and sanitary equipment· main46831Wholesale trade, except of motor vehicles and motorcycles51532Air transport47521Retail sale of hardware, paints and glass in specialised stores47521Retail sale of hardware, paints and glass in specialised stores52461Warehousing and support activities for transportation
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitableGood liquidityPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120192018201720162015201420132012201120102009200820072006
Income statement
Gross margin879,8 k €1,1 M €1,3 M €1,6 M €1,5 M €2,1 M €1 M €–933,6 k €820,8 k €902,5 k €936,2 k €938,9 k €1,2 M €1 M €1,1 M €959,4 k €1,1 M €1,1 M €
EBITDA130,9 k €194,4 k €221,9 k €555,6 k €592,1 k €1,3 M €220,3 k €102,9 k €210,2 k €146,4 k €328,1 k €269,2 k €331,8 k €601,9 k €360,4 k €457,3 k €324,8 k €424,6 k €503 k €
Operating result284,5 k €93,7 k €79,9 k €485,5 k €457,7 k €1 M €110,2 k €-8 k €78 k €49,7 k €247,4 k €187,6 k €239,3 k €492,9 k €250 k €346,9 k €213,9 k €338,4 k €433,7 k €
Net result132,9 k €21,9 k €82,6 k €452,2 k €401,2 k €772,7 k €110,9 k €21,9 k €105,4 k €81,1 k €182,6 k €170,3 k €229,7 k €417,9 k €217,7 k €287 k €162,6 k €248 k €299,1 k €
Balance sheet
Equity927,3 k €794,4 k €3,4 M €3,5 M €3,2 M €2,8 M €2 M €1,9 M €1,9 M €1,1 M €1,1 M €890,4 k €841,2 k €811,6 k €693,7 k €676 k €589,3 k €1,5 M €1,3 M €
Total assets6,5 M €6,3 M €5,9 M €6,3 M €6,1 M €4,6 M €4,4 M €4,9 M €5 M €2,4 M €2,3 M €2,3 M €2,3 M €2,4 M €2,2 M €2,5 M €2,5 M €2,2 M €2 M €
Cash260,8 k €791 k €415,9 k €525,9 k €519,5 k €174,7 k €126,9 k €111,5 k €20,9 k €276 k €331,5 k €167,6 k €261,1 k €300,3 k €132,5 k €276,9 k €157,4 k €98,4 k €150,3 k €
Debts5,5 M €5,4 M €2,3 M €2,5 M €2,5 M €1,5 M €2,4 M €2,9 M €3 M €1,3 M €1,1 M €1,3 M €1,4 M €1,6 M €1,5 M €1,7 M €1,9 M €527,7 k €636,8 k €
Other
Workforce10,8 ETP12,8 ETP16,8 ETP16,8 ETP15,1 ETP13,6 ETP12,5 ETP12,2 ETP12,0 ETP11,8 ETP10,8 ETP11,8 ETP13,1 ETP9,5 ETP9,8 ETP10,9 ETP10,5 ETP10,7 ETP10,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 37 ended

Active mandates

Cedric THIMMESCH

Director · since 30 octobre 2023 · until 29 juin 2029

Active
UNITED TILES BELGIUM

Managing director · since 30 octobre 2023 · until 29 juin 2029 · 1001.076.919

Represented by Jacques Donners

Active

Ended mandates

UNITED TILES BELGIUM

Managing director · since 30 octobre 2023 · until 29 juin 2029 · 1001.076.919

Represented by Donners JACQUES

Ended
COVALGO

Director · since 05 septembre 2020 · until 26 juin 2026 · 0632.862.741

Represented by SCHELFHOUT MARTINE

Ended
Hera Beheer

Director · since 05 septembre 2020 · until 26 juin 2026 · 0821.546.151

Represented by STORK DIRK

Ended
MARMOCER

Director · since 05 septembre 2020 · until 26 juin 2026 · 0896.943.261

Represented by GRARE PHILIP

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date14/07/202622/07/202531/07/202406/07/202307/07/202217/08/2021
General meeting26/06/202627/06/202528/06/202430/06/202324/06/202208/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202614/07/2026DutchPDF
Abridged model31/12/202427/06/202522/07/2025DutchPDF
Abridged model31/12/202328/06/202431/07/2024DutchPDF
Abridged model31/12/202230/06/202306/07/2023DutchPDF
Abridged model31/12/202124/06/202207/07/2022DutchPDF
Abridged model31/12/202008/07/202117/08/2021DutchPDF
Abridged model31/12/201904/09/202024/09/2020DutchPDF
Abridged model31/12/201828/06/201912/07/2019DutchPDF
Full model31/12/201730/06/201830/07/2018DutchPDF
Abridged model31/12/201623/06/201714/07/2017DutchPDF
Abridged model31/12/201524/06/201607/07/2016DutchPDF
Abridged model31/12/201426/06/201530/06/2015DutchPDF
Abridged model31/12/201327/06/201418/07/2014DutchPDF
Abridged model31/12/201228/06/201318/07/2013DutchPDF
Abridged model31/12/201122/06/201213/07/2012DutchPDF
Abridged modelCorrection31/12/201024/06/201114/07/2011DutchPDF
Abridged model31/12/201024/06/201106/07/2011DutchPDF
Abridged model31/12/200925/06/201023/07/2010DutchPDF
Abridged model31/12/200826/06/200913/07/2009DutchPDF
Abridged model31/12/200717/03/200808/04/2008DutchPDF
Abridged model31/12/200622/06/200727/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 37 ended

Active mandates

Cedric THIMMESCH

Director · since 30 octobre 2023 · until 29 juin 2029

Active
UNITED TILES BELGIUM

Managing director · since 30 octobre 2023 · until 29 juin 2029 · 1001.076.919

Represented by Jacques Donners

Active

Ended mandates

UNITED TILES BELGIUM

Managing director · since 30 octobre 2023 · until 29 juin 2029 · 1001.076.919

Represented by Donners JACQUES

Ended
COVALGO

Director · since 05 septembre 2020 · until 26 juin 2026 · 0632.862.741

Represented by SCHELFHOUT MARTINE

Ended
Hera Beheer

Director · since 05 septembre 2020 · until 26 juin 2026 · 0821.546.151

Represented by STORK DIRK

Ended
MARMOCER

Director · since 05 septembre 2020 · until 26 juin 2026 · 0896.943.261

Represented by GRARE PHILIP

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates21/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other02/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates23/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/01/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring27/09/2016
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring26/07/2016
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other12/01/2016
    BENAMING
    PDF
  • Mandates23/07/2015
    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

Timeline

  1. 2025
    Annual accounts 2025132,9 k €↑
  2. 2024
    Annual accounts 202421,9 k €↓
  3. 2023
    Annual accounts 202382,6 k €↓
  4. 2022
    Annual accounts 2022452,2 k €↑
  5. 2021
    Annual accounts 2021401,2 k €↓
  6. 2019
    Annual accounts 2019772,7 k €↑
  7. 2018
    Annual accounts 2018110,9 k €↑
  8. 2017
    Annual accounts 201721,9 k €↓
  9. 2016
    Annual accounts 2016105,4 k €↑
  10. 2015
    Annual accounts 201581,1 k €↓
  11. 2015
    Name changeSEDCO
  12. 2014
    Annual accounts 2014182,6 k €↑
  13. 2013
    Annual accounts 2013170,3 k €↓
  14. 2012
    Annual accounts 2012229,7 k €↓
  15. 2011
    Annual accounts 2011417,9 k €↑
  16. 2010
    Annual accounts 2010217,7 k €↓
  17. 2009
    Annual accounts 2009287 k €↑
  18. 2008
    Annual accounts 2008162,6 k €↓
  19. 2007
    Annual accounts 2007248 k €↓
  20. 2006
    Annual accounts 2006299,1 k €
  21. 2006
    Name changeEURO CARO
  22. 13/02/1976
    IncorporationPublic limited company