ACTIVE

Soda Data

Financial year 2025 · closed on 31/03/2025
Net result
-2,8 M €
-114.8% YoY
Gross margin
212,6 k €
-91.9% YoY
Equity
7,6 M €
+12.0% YoY
Workforce
20,5 ETP

What does Soda Data do?

Soda Data is a Public limited company incorporated in 2018. Its main activity is: Other information technology and computer service activities. Its registered office is in Bruxelles. It employs on average 20,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0694.987.974
Incorporation
23/04/2018
Legal form
Public limited company
Registered office
Rue Picard 7 box 100
1000 Bruxelles · BruxellesSee on map
Contributed capital
24 292 681,63 €
Latest accounts
31/03/2025
Average workforce
20,5 ETP
Joint committees (2)
  • 200
  • 20000
Signals
Solid equityLow riskGood liquidityHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin212,6 k €2,6 M €-3,6 M €-3,1 M €
EBITDA-1,9 M €-455,7 k €-6,5 M €-4,6 M €
Operating result-3 M €-1,3 M €-6,5 M €-4,6 M €
Net result-2,8 M €-1,3 M €-6,5 M €-4,6 M €
Balance sheet
Equity7,6 M €6,8 M €8,1 M €8,4 M €
Total assets8,5 M €8,7 M €9,5 M €9,1 M €
Cash1,9 M €2,9 M €8,1 M €8,6 M €
Debts582,8 k €511,5 k €725 k €483,7 k €
Other
Workforce20,5 ETP0,0 ETP
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 31/03/2025 · 8 active · 5 ended

Active mandates

Alan Vandenberghe

Director · since 20 juin 2025 · until 30 août 2030

Active
Mohamed Elakhrass

Director · since 20 juin 2025 · until 30 août 2030

Active
Alison Eastaway

Director · since 15 janvier 2025 · until 28 août 2026

Active
TIBORED

Chairman of the board of directors · since 15 janvier 2025 · until 31 août 2029 · 0895.395.320

Represented by Bart BECKS

Active
Maarten Masschelein

Managing director · since 17 juillet 2024 · until 27 août 2027

Active
Kemmel Partners CommV

Managing director · since 16 février 2021 · until 17 juillet 2024 · 0729.933.413

Represented by Maarten MASSCHELEIN

Active
Raffi Kamber

Director · since 16 février 2021 · until 27 août 2027

Active
Software Directions

Director · since 16 février 2021 · until 27 août 2027 · 0558.967.547

Represented by Baeyens TOM

Active

Ended mandates

Maarten Masschelein

Director · since 17 juillet 2024 · until 27 août 2027

Ended
Kemmel Partners CommV

Director · since 16 février 2021 · until 17 juillet 2024 · 0729.933.413

Represented by Masschelein MAARTEN

Ended
Kemmel Partners CommV

Director · since 16 février 2021 · until 27 août 2027 · 0729.933.413

Represented by Masschelein MAARTEN

Ended
Kemmel Partners CommV

Managing director · since 16 février 2021 · until 27 août 2027 · 0729.933.413

Represented by Maarten Masschelein

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202023/04/2018
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months24 months
Filing date28/10/202517/09/202421/09/202314/09/202228/10/202127/10/2020
General meeting30/09/202503/09/202415/09/202326/08/202225/10/202129/07/2020
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202530/09/202528/10/2025EnglishPDF
Abridged model31/03/202530/09/202528/10/2025DutchPDF
Abridged model31/03/202403/09/202417/09/2024DutchPDF
Abridged model31/03/202315/09/202321/09/2023DutchPDF
Abridged model31/03/202315/09/202321/09/2023EnglishPDF
Abridged model31/03/202226/08/202214/09/2022EnglishPDF
Abridged model31/03/202226/08/202205/09/2022DutchPDF
Micro model31/03/202125/10/202128/10/2021DutchPDF
Micro model31/03/202029/07/202027/10/2020DutchPDF
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 31/03/2025 · 8 active · 5 ended

Active mandates

Alan Vandenberghe

Director · since 20 juin 2025 · until 30 août 2030

Active
Mohamed Elakhrass

Director · since 20 juin 2025 · until 30 août 2030

Active
Alison Eastaway

Director · since 15 janvier 2025 · until 28 août 2026

Active
TIBORED

Chairman of the board of directors · since 15 janvier 2025 · until 31 août 2029 · 0895.395.320

Represented by Bart BECKS

Active
Maarten Masschelein

Managing director · since 17 juillet 2024 · until 27 août 2027

Active
Kemmel Partners CommV

Managing director · since 16 février 2021 · until 17 juillet 2024 · 0729.933.413

Represented by Maarten MASSCHELEIN

Active
Raffi Kamber

Director · since 16 février 2021 · until 27 août 2027

Active
Software Directions

Director · since 16 février 2021 · until 27 août 2027 · 0558.967.547

Represented by Baeyens TOM

Active

Ended mandates

Maarten Masschelein

Director · since 17 juillet 2024 · until 27 août 2027

Ended
Kemmel Partners CommV

Director · since 16 février 2021 · until 17 juillet 2024 · 0729.933.413

Represented by Masschelein MAARTEN

Ended
Kemmel Partners CommV

Director · since 16 février 2021 · until 27 août 2027 · 0729.933.413

Represented by Masschelein MAARTEN

Ended
Kemmel Partners CommV

Managing director · since 16 février 2021 · until 27 août 2027 · 0729.933.413

Represented by Maarten Masschelein

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/07/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares23/07/2024
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares11/07/2024
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares26/06/2023
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares03/03/2023
    KAPITAAL - AANDELEN
    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 2025-2,8 M €
  2. 2024
    Annual accounts 2024-1,3 M €
  3. 2023
    Annual accounts 2023-6,5 M €
  4. 2022
    Annual accounts 2022-4,6 M €
  5. 23/04/2018
    IncorporationPublic limited company