ACTIVE

SYDES

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Financial year 2025 · closed on 31/12/2025
Net result
1,1 M €
+151.1% YoY
Gross margin
-29,4 k €
-176.0% YoY
Equity
5,2 M €
+27.4% YoY

What does SYDES do?

SYDES is a Public limited company incorporated in 2012. Its main activity is: Management consultancy activities. Its registered office is in Lasne.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0508.738.175
Incorporation
27/12/2012
Legal form
Public limited company
Registered office
Chaussée de Louvain 498 box C6
1380 Lasne · WallonieSee on map
Contributed capital
7 516 963,08 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021201820172016201520142013
Income statement
Gross margin-29,4 k €-10,7 k €54,3 k €-40,6 k €-41,5 k €-37,6 k €-23,8 k €-39,2 k €-28,2 k €-33,1 k €-61,8 k €
EBITDA-39 k €-17,7 k €49,3 k €-48,6 k €-48,5 k €-38,5 k €-24,6 k €-40,1 k €-29 k €-33,6 k €-62,6 k €
Operating result-68,1 k €-39,8 k €48,7 k €-49,2 k €-48,5 k €-42,8 k €-28,6 k €-44,1 k €-33,4 k €-38 k €-64,9 k €
Net result1,1 M €449,7 k €956,4 k €-763,5 k €-203,6 k €-2 M €494 k €152,8 k €281,1 k €422,5 k €211,7 k €
Balance sheet
Equity5,2 M €4,1 M €3,7 M €2,7 M €3,5 M €7,1 M €9,1 M €8,6 M €8,4 M €8,2 M €7,7 M €
Total assets8,1 M €6,5 M €6,2 M €5,2 M €5,9 M €9,5 M €11,6 M €11,1 M €10,9 M €10,6 M €10,2 M €
Cash76,7 k €206,8 k €110,3 k €1,5 M €1,8 M €1,7 M €1,1 M €692,5 k €484,4 k €624,9 k €33,4 k €
Debts2,8 M €2,4 M €2,4 M €2,4 M €2,4 M €2,4 M €2,5 M €2,4 M €2,4 M €2,4 M €2,4 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Michel Dessolain

Managing director · since 07 mai 2018

Active
Sylvia Hollander

Director · since 07 mai 2018

Active

Ended mandates

Michel Dessolain

Director · since 07 mai 2018

Ended
Michel Dessolain

Managing director · since 21 décembre 2012 · until 05 mai 2018

Ended
Sylvia Hollander

Director · since 21 décembre 2012 · until 05 mai 2018

Ended
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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 date27/08/202629/07/202509/08/202413/08/202330/05/202203/08/2021
General meeting05/05/202605/05/202506/05/202405/05/202305/05/202205/05/2021
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/05/202627/08/2026FrenchPDF
Abridged model31/12/202405/05/202529/07/2025FrenchPDF
Abridged model31/12/202306/05/202409/08/2024FrenchPDF
Abridged model31/12/202205/05/202313/08/2023FrenchPDF
Abridged model31/12/202105/05/202230/05/2022FrenchPDF
Abridged model31/12/202005/05/202103/08/2021FrenchPDF
Abridged model31/12/201905/05/202016/10/2020FrenchPDF
Abridged model31/12/201806/05/201919/08/2019FrenchPDF
Micro model31/12/201707/05/201808/08/2018FrenchPDF
Micro model31/12/201605/05/201728/07/2017FrenchPDF
Abridged model31/12/201506/05/201631/08/2016FrenchPDF
Abridged model31/12/201405/05/201511/08/2015FrenchPDF
Abridged model31/12/201305/05/201425/07/2014FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 2 active · 3 ended

Active mandates

Michel Dessolain

Managing director · since 07 mai 2018

Active
Sylvia Hollander

Director · since 07 mai 2018

Active

Ended mandates

Michel Dessolain

Director · since 07 mai 2018

Ended
Michel Dessolain

Managing director · since 21 décembre 2012 · until 05 mai 2018

Ended
Sylvia Hollander

Director · since 21 décembre 2012 · until 05 mai 2018

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other31/03/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS
    PDF
  • Mandates07/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office29/01/2019
    SIEGE SOCIAL
    PDF
  • Mandates11/06/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office15/05/2014
    SIEGE SOCIAL
    PDF
  • Other04/06/2013
    DIVERS
    PDF
  • Capital / shares08/05/2013
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other09/01/2013
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 20251,1 M €↑
  2. 2024
    Annual accounts 2024449,7 k €↓
  3. 2023
    Annual accounts 2023956,4 k €↑
  4. 2022
    Annual accounts 2022-763,5 k €↓
  5. 2021
    Annual accounts 2021-203,6 k €↑
  6. 2018
    Annual accounts 2018-2 M €↓
  7. 2017
    Annual accounts 2017494 k €↑
  8. 2016
    Annual accounts 2016152,8 k €↓
  9. 2015
    Annual accounts 2015281,1 k €↓
  10. 2014
    Annual accounts 2014422,5 k €↑
  11. 2013
    Annual accounts 2013211,7 k €
  12. 27/12/2012
    IncorporationPublic limited company