ACTIVE

SORTLIST

Financial year 2025 · closed on 31/12/2025
Net result
-1,4 M €
-25.1% YoY
Gross margin
4,4 M €
-16.6% YoY
Equity
1,2 M €
-49.2% YoY
Workforce
20,8 ETP
-14.4% YoY

What does SORTLIST do?

SORTLIST is a Public limited company incorporated in 2013. Its main activity is: Computer programming activities. Its registered office is in Wavre. It employs on average 20,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0537.665.555
Incorporation
26/08/2013
Legal form
Public limited company
Registered office
Avenue Zénobe Gramme 29
1300 Wavre · WallonieSee on map
Contributed capital
15 760 637,75 €
Latest accounts
31/12/2025
Average workforce
20,8 ETP
Joint committees (2)
  • 200
  • 2000
Signals
Positive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120152014
Income statement
Gross margin4,4 M €5,2 M €4,6 M €3,7 M €2,7 M €-159,9 k €-24,2 k €
EBITDA1,5 M €2,3 M €1,5 M €-1,6 M €-516,5 k €-253,5 k €-39,1 k €
Operating result-1,1 M €-728,1 k €-1,7 M €-4 M €-2,4 M €-273,1 k €-62,7 k €
Net result-1,4 M €-1,1 M €-2 M €-4,6 M €-2,8 M €-274 k €-64,2 k €
Balance sheet
Equity1,2 M €2,4 M €2,7 M €3,9 M €8,5 M €283,7 k €461,8 k €
Total assets5,5 M €6,4 M €7,1 M €9,7 M €14,3 M €321 k €495,1 k €
Cash1,1 M €1,6 M €983,7 k €531,3 k €7,7 M €293 k €443,9 k €
Debts2,7 M €2,8 M €3 M €4,2 M €4,7 M €37,3 k €27,7 k €
Other
Workforce20,8 ETP24,3 ETP29,4 ETP47,0 ETP38,9 ETP3,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 56 ended

Active mandates

Charles De Groote

Director · since 19 décembre 2025 · until 07 juin 2027

Active
Nicolas Finet

Managing director · since 18 décembre 2024 · until 07 juin 2027

Active
Nicolas Debray

Director · since 03 août 2023 · until 04 juin 2029

Active
Sébastien Paul Gérald Doyen

Director · since 03 août 2023 · until 04 juin 2029

Active
Rodolphe De Hemptinne

Director · since 22 juillet 2021 · until 07 juin 2027

Active
SPARAXIS

Director · since 22 juillet 2021 · until 07 juin 2027 · 0452.116.307

Represented by Thibaut Claes

Active
TheClubDeal Capital Advisors

Director · since 22 juillet 2021 · until 07 juin 2027 · 0647.570.713

Represented by Jean-Marc Legrand

Active
Thibaut Vanderhofstadt

Director · since 20 août 2013 · until 19 décembre 2025

Active
Mike Vandenhooft

Director · since 21 janvier 2009 · until 07 juin 2027

Active

Ended mandates

Nicolas Finet

Director · since 18 décembre 2024 · until 07 juin 2027

Ended
TheClubDeal Capital Advisors

Director · since 03 août 2023 · until 07 juin 2027 · 0647.570.713

Represented by Legrand JEAN-MARC

Ended
Edouard Janssen

Director · since 22 juillet 2021 · until 03 août 2023

Ended
Edouard Janssen

Director · since 22 juillet 2021 · until 07 juin 2027

Ended
At this address

Other companies at this address

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0405.674.784
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1031.709.024
ZENOBE 29Active
1037.272.567
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 date12/06/202618/06/202520/06/202406/07/202328/06/202219/08/2021
General meeting03/06/202602/06/202503/06/202423/06/202307/06/202207/06/2021
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

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202503/06/202612/06/2026FrenchPDF
Abridged model31/12/202402/06/202518/06/2025FrenchPDF
Abridged model31/12/202303/06/202420/06/2024FrenchPDF
Abridged model31/12/202223/06/202306/07/2023FrenchPDF
Abridged model31/12/202107/06/202228/06/2022FrenchPDF
Abridged model31/12/202007/06/202119/08/2021FrenchPDF
Abridged model31/12/201903/06/202007/07/2020FrenchPDF
Abridged model31/12/201806/06/201918/06/2019FrenchPDF
Abridged model31/12/201706/06/201813/08/2018FrenchPDF
Abridged model31/12/201606/06/201707/07/2017FrenchPDF
Abridged model31/12/201506/06/201626/08/2016FrenchPDF
Abridged model31/12/201431/08/201531/08/2015FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 9 active · 56 ended

Active mandates

Charles De Groote

Director · since 19 décembre 2025 · until 07 juin 2027

Active
Nicolas Finet

Managing director · since 18 décembre 2024 · until 07 juin 2027

Active
Nicolas Debray

Director · since 03 août 2023 · until 04 juin 2029

Active
Sébastien Paul Gérald Doyen

Director · since 03 août 2023 · until 04 juin 2029

Active
Rodolphe De Hemptinne

Director · since 22 juillet 2021 · until 07 juin 2027

Active
SPARAXIS

Director · since 22 juillet 2021 · until 07 juin 2027 · 0452.116.307

Represented by Thibaut Claes

Active
TheClubDeal Capital Advisors

Director · since 22 juillet 2021 · until 07 juin 2027 · 0647.570.713

Represented by Jean-Marc Legrand

Active
Thibaut Vanderhofstadt

Director · since 20 août 2013 · until 19 décembre 2025

Active
Mike Vandenhooft

Director · since 21 janvier 2009 · until 07 juin 2027

Active

Ended mandates

Nicolas Finet

Director · since 18 décembre 2024 · until 07 juin 2027

Ended
TheClubDeal Capital Advisors

Director · since 03 août 2023 · until 07 juin 2027 · 0647.570.713

Represented by Legrand JEAN-MARC

Ended
Edouard Janssen

Director · since 22 juillet 2021 · until 03 août 2023

Ended
Edouard Janssen

Director · since 22 juillet 2021 · until 07 juin 2027

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates21/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/01/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares23/12/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates23/05/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares12/04/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates12/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/08/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/08/2023
    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

Timeline

  1. 2025
    Annual accounts 2025-1,4 M €
  2. 2024
    Annual accounts 2024-1,1 M €
  3. 2023
    Annual accounts 2023-2 M €
  4. 2022
    Annual accounts 2022-4,6 M €
  5. 2021
    Annual accounts 2021-2,8 M €
  6. 2015
    Annual accounts 2015-274 k €
  7. 2014
    Annual accounts 2014-64,2 k €
  8. 26/08/2013
    IncorporationPublic limited company