ACTIVE

SOTHI

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Financial year 2025 · closed on 31/12/2025

Net result

8 k €

-34.9% YoY

Gross margin

177,8 k €

-0.7% YoY

Equity

461,9 k €

+1.8% YoY

What does SOTHI do?

SOTHI is a Public limited company incorporated in 1988. Its main activity is: Market research and public opinion polling. Its registered office is in Mouscron.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.223.450

Incorporation

14/12/1988

Legal form

Public limited company

Registered office

Rue de Saint-Léger(D) 9
7711 Mouscron · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 74131Specialised design activities 74855Other professional, scientific and technical activities 82100Office administrative and support activities 82110Combined office administrative service activities

Joint committees (3)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	177,8 k €	-0.7%	179 k €	-26.3%	242,8 k €	+15.5%	210,1 k €	+0.1%	209,9 k €	+10.5%	190 k €	+5.5%	180 k €	-1.8%	183,3 k €	+58.3%	115,8 k €	-47.6%	221 k €	+32.1%	167,3 k €	-49.2%	329,3 k €	+86.2%	176,9 k €	+5.3%	168 k €	-0.5%	168,8 k €	+16.0%	145,5 k €	+3.6%	140,5 k €	+3.8%	135,3 k €
EBITDA	116,3 k €	-2.9%	119,7 k €	-33.3%	179,5 k €	+9.9%	163,3 k €	-0.8%	164,5 k €	+9.3%	150,5 k €	+8.4%	138,9 k €	-4.0%	144,7 k €	+34.8%	107,3 k €	-40.6%	180,5 k €	+40.5%	128,5 k €	-54.8%	284,5 k €	+104%	139,5 k €	+8.5%	128,6 k €	-2.6%	132 k €	+22.0%	108,2 k €	-1.7%	110 k €	+4.4%	105,4 k €
Operating result	24,5 k €	-24.4%	32,4 k €	-65.7%	94,7 k €	+27.7%	74,1 k €	+8.8%	68,1 k €	+16.8%	58,4 k €	+1673%	-3,7 k €	-106%	64,3 k €	-27.4%	88,6 k €	+58.2%	56 k €	-13.1%	64,4 k €	-70.7%	220,2 k €	+192%	75,4 k €	+8.4%	69,6 k €	+57.2%	44,3 k €	-24.8%	58,9 k €	-3.0%	60,7 k €	-0.0%	60,7 k €
Net result	8 k €	-34.9%	12,3 k €	-78.5%	57,3 k €	+26.8%	45,2 k €	+15.1%	39,2 k €	+31.7%	29,8 k €	+216%	-25,6 k €	-191%	28,1 k €	-23.9%	37 k €	+46.2%	25,3 k €	+9.0%	23,2 k €	-80.8%	121 k €	+603%	17,2 k €	+11.4%	15,4 k €	+210%	-14 k €	-263%	-3,9 k €	-292%	2 k €	-77.2%	8,8 k €
Balance sheet
Equity	461,9 k €	+1.8%	453,9 k €	+2.8%	441,6 k €	+14.9%	384,3 k €	-20.5%	483,3 k €	+11.9%	432 k €	+7.4%	402,2 k €	-21.6%	512,8 k €	+5.8%	484,7 k €	+8.3%	447,7 k €	+6.0%	422,4 k €	+5.8%	399,2 k €	+43.5%	278,2 k €	+6.6%	261 k €	+6.3%	245,6 k €	-5.4%	259,6 k €	+45.4%	178,5 k €	+1.1%	176,5 k €
Total assets	1,3 M €	-2.8%	1,3 M €	-2.8%	1,4 M €	-4.1%	1,4 M €	-4.1%	1,5 M €	-4.2%	1,6 M €	-5.1%	1,6 M €	+11.0%	1,5 M €	+1.3%	1,5 M €	+3.4%	1,4 M €	+24.6%	1,1 M €	-3.7%	1,2 M €	-4.2%	1,2 M €	-2.2%	1,3 M €	-2.7%	1,3 M €	+17.0%	1,1 M €	-3.4%	1,1 M €	+19.0%	956,5 k €
Cash	2,8 k €	-66.9%	8,3 k €	-15.2%	9,9 k €	-54.1%	21,5 k €	+61.7%	13,3 k €	+210%	4,3 k €	-61.5%	11,1 k €	+685%	1,4 k €	-93.2%	20,8 k €	+80.3%	11,5 k €	+112%	5,4 k €	+309%	1,3 k €	-80.7%	6,9 k €	-15.2%	8,1 k €	+255%	2,3 k €	+69.5%	1,3 k €	-87.7%	10,9 k €	-41.5%	18,7 k €
Debts	818 k €	-6.6%	875,9 k €	-4.6%	918,4 k €	-11.7%	1 M €	+4.6%	994,2 k €	-10.5%	1,1 M €	-9.3%	1,2 M €	+28.4%	953,3 k €	-0.9%	962,2 k €	+1.0%	952,8 k €	+37.6%	692,5 k €	-10.1%	770,5 k €	-18.5%	945,2 k €	-4.5%	989,7 k €	-4.8%	1 M €	+23.9%	839,5 k €	-12.4%	958,7 k €	+23.0%	779,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	+28.6%	0,7 ETP	-22.2%	0,9 ETP	+12.5%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-33.3%	1,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 13 ended

Active mandates

Katelijn DUHEM

Director · since 12 décembre 2023

Active

Luc MOREL

Director · since 12 décembre 2023

Active

Ended mandates

Katelijn DUHEM

Director · since 15 juin 2018 · until 15 juin 2024

Ended

Katelijn DUHEM

Manager · since 15 juin 2018 · until 15 juin 2024

Ended

KATELIJN DUHEM

Director · since 15 juin 2018 · until 21 juin 2024

Ended

Luc MOREL

Director · since 15 juin 2018 · until 15 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
LUCAGEST● Active	0448.903.033
LUC IMMO● Active	0799.254.759

Annual accounts

Full financial information

	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	13/07/2026	01/07/2025	16/07/2024	30/06/2023	15/07/2022	15/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	19/06/2026	13/07/2026	French	PDF
Micro model	31/12/2024	20/06/2025	01/07/2025	French	PDF
Micro model	31/12/2023	21/06/2024	16/07/2024	French	PDF
Micro model	31/12/2022	16/06/2023	30/06/2023	French	PDF
Micro model	31/12/2021	17/06/2022	15/07/2022	French	PDF
Micro model	31/12/2020	18/06/2021	15/07/2021	French	PDF
Micro model	31/12/2019	19/06/2020	02/07/2020	French	PDF
Micro model	31/12/2018	21/06/2019	10/07/2019	French	PDF
Micro model	31/12/2017	15/06/2018	02/07/2018	French	PDF
Micro model	31/12/2016	16/06/2017	13/07/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	31/08/2016	French	PDF
Abridged model	30/09/2015	15/03/2016	06/04/2016	French	PDF
Abridged model	30/09/2014	16/03/2015	20/03/2015	French	PDF
Abridged model	30/09/2013	15/03/2014	08/04/2014	French	PDF
Abridged model	30/09/2012	15/03/2013	24/05/2013	French	PDF
Abridged model	30/09/2011	15/03/2012	27/04/2012	French	PDF
Abridged model	30/09/2010	15/03/2011	17/03/2011	French	PDF
Abridged model	30/09/2009	15/03/2010	16/03/2010	French	PDF
Abridged model	30/09/2008	16/03/2009	30/04/2009	French	PDF
Abridged model	30/09/2007	15/03/2008	25/04/2008	French	PDF
Abridged model	30/09/2006	15/03/2007	11/04/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 13 ended

Active mandates

Katelijn DUHEM

Director · since 12 décembre 2023

Active

Luc MOREL

Director · since 12 décembre 2023

Active

Ended mandates

Katelijn DUHEM

Director · since 15 juin 2018 · until 15 juin 2024

Ended

Katelijn DUHEM

Manager · since 15 juin 2018 · until 15 juin 2024

Ended

KATELIJN DUHEM

Director · since 15 juin 2018 · until 21 juin 2024

Ended

Luc MOREL

Director · since 15 juin 2018 · until 15 juin 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates21/09/2018
DEMISSIONS, NOMINATIONS
PDF
Capital / shares11/01/2018
CAPITAL, ACTIONS
PDF
Other07/01/2016
ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates27/06/2012
DEMISSIONS, NOMINATIONS
PDF
Capital / shares03/11/2009
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates11/05/2006
DEMISSIONS, NOMINATIONS
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 20258 k €↓
2024
Annual accounts 202412,3 k €↓
2023
Annual accounts 202357,3 k €↑
2022
Annual accounts 202245,2 k €↑
2021
Annual accounts 202139,2 k €↑
2018
Annual accounts 201829,8 k €↑
2017
Annual accounts 2017-25,6 k €↓
2016
Annual accounts 201628,1 k €↓
2015
Annual accounts 201537 k €↑
2015
Annual accounts 201525,3 k €↑
2014
Annual accounts 201423,2 k €↓
2013
Annual accounts 2013121 k €↑
2012
Annual accounts 201217,2 k €↑
2011
Annual accounts 201115,4 k €↑
2010
Annual accounts 2010-14 k €↓
2009
Annual accounts 2009-3,9 k €↓
2008
Annual accounts 20082 k €↓
2007
Annual accounts 20078,8 k €
14/12/1988
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

SOTHI

Overview

What does SOTHI do?

Trend over 18 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