ACTIVE

So-dec

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Financial year 2025 · closed on 31/12/2025

Net result

27,3 k €

-56.7% YoY

Gross margin

354,1 k €

-9.4% YoY

Equity

733,4 k €

+3.9% YoY

Workforce

1,0 ETP

0.0% YoY

What does So-dec do?

So-dec is a Private limited company incorporated in 2011. Its main activity is: Buying and selling of own real estate. Its registered office is in Izegem. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0836.190.676

Incorporation

11/05/2011

Legal form

Private limited company

Registered office

Sasstraat 5
8870 Izegem · FlandreSee on map

Contributed capital

475 000,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	354,1 k €	-9.4%	390,9 k €	+9.9%	355,8 k €	+12.8%	315,4 k €	+11.6%	282,7 k €	-0.9%	285,3 k €	+3.7%	275,1 k €	-2.5%	282,3 k €	+2.1%	276,5 k €	-14.7%	324,1 k €	+7.8%	300,7 k €	+73.6%	173,2 k €	+16.2%	149 k €	+162%	56,9 k €	+14016%	-408,8 €
EBITDA	278,6 k €	-12.1%	317 k €	+10.5%	286,8 k €	+10.9%	258,7 k €	+14.6%	225,8 k €	+6.5%	212 k €	+2.5%	206,9 k €	-3.8%	215 k €	-3.6%	222,9 k €	+7.8%	206,7 k €	+3.1%	200,5 k €	+85.8%	107,9 k €	-13.4%	124,6 k €	+123%	55,8 k €	+7398%	-764,8 €
Operating result	107,6 k €	-31.0%	155,9 k €	+13.2%	137,8 k €	+20.3%	114,6 k €	+17.4%	97,5 k €	+2.3%	95,4 k €	+10.1%	86,6 k €	+3.8%	83,4 k €	-9.0%	91,7 k €	+5.2%	87,2 k €	-11.4%	98,4 k €	+45.8%	67,5 k €	-27.0%	92,4 k €	+257%	25,9 k €	+132%	-81,8 k €
Net result	27,3 k €	-56.7%	63 k €	+15.9%	54,4 k €	+41.7%	38,4 k €	+36.4%	28,1 k €	+3.9%	27,1 k €	+53.7%	17,6 k €	+78.3%	9,9 k €	+1236%	-869,6 €	+82.7%	-5 k €	-128%	18,2 k €	-8.9%	20 k €	-59.0%	48,7 k €	+499%	-12,2 k €	+83.9%	-76 k €
Balance sheet
Equity	733,4 k €	+3.9%	706,2 k €	+9.8%	643,2 k €	+9.2%	588,8 k €	+7.0%	550,4 k €	+5.4%	522,3 k €	+5.5%	495,2 k €	+3.7%	477,6 k €	+2.1%	467,8 k €	+294%	118,6 k €	-4.1%	123,6 k €	+17.3%	105,5 k €	+23.4%	85,5 k €	+132%	36,8 k €	-24.9%	49 k €
Total assets	2,3 M €	+5.4%	2,2 M €	+1.4%	2,2 M €	-4.3%	2,2 M €	+7.3%	2,1 M €	-0.1%	2,1 M €	+5.6%	2 M €	-6.8%	2,1 M €	-6.7%	2,3 M €	-2.1%	2,3 M €	-1.6%	2,4 M €	+15.4%	2,1 M €	+67.7%	1,2 M €	-1.7%	1,2 M €	+30.0%	960,7 k €
Cash	23,5 k €	+293%	6 k €	-16.2%	7,1 k €	-66.0%	21 k €	+241%	6,2 k €	+29.7%	4,7 k €	+3.4%	4,6 k €	+930%	445,5 €	-90.2%	4,5 k €	+57.3%	2,9 k €	-47.2%	5,4 k €	-6.1%	5,8 k €	-3.8%	6 k €	-4.7%	6,3 k €	-81.9%	34,9 k €
Debts	1,6 M €	+6.2%	1,5 M €	-2.4%	1,5 M €	-9.0%	1,7 M €	+7.4%	1,5 M €	-2.0%	1,6 M €	+5.6%	1,5 M €	-7.9%	1,6 M €	-9.6%	1,8 M €	-19.1%	2,2 M €	-1.4%	2,3 M €	+15.2%	2 M €	+71.0%	1,1 M €	-5.7%	1,2 M €	+33.0%	911,2 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP	-50.0%	1,6 ETP	+60.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		2,0 ETP	0.0%	2,0 ETP	+81.8%	1,1 ETP	+267%	0,3 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Cagico

Director · 0667.635.261

Represented by Bart Sobry

Active

LIESELOT DECEUNINCK

Director

Active

Ended mandates

BART SOBRY

Manager

Ended

Cagico

Director · 0667.635.261

Represented by Bart Sobry

Ended

Cagico

Mandate · 0667.635.261

Represented by Bart Sobry

Ended

Cagico

Manager · 0667.635.261

Represented by Bart Sobry

Ended

At this address

Other companies at this address

Company	CBE no.
Cagico● Active	0667.635.261
C.G.C. Sportsteam● Active	0784.669.127
COCOLO● Active	0560.827.868
GROEP LIESART● Active	0844.466.162
MOM● Active	0798.384.234
PARENO● Active	0768.637.007
Potrell● Active	0809.248.036
Pyloon● Active	0833.879.801
SISTERS● Active	0798.385.719
Wünder● Active	0671.755.583

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	14/07/2025	25/07/2024	20/07/2023	27/06/2022	10/05/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	07/05/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	13/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	14/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	25/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	20/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	07/05/2021	10/05/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	23/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	24/07/2019	Dutch	PDF
Micro model	31/12/2017	29/06/2018	27/09/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	26/09/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	26/07/2013	20/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	01/08/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 5 ended

Active mandates

Cagico

Director · 0667.635.261

Represented by Bart Sobry

Active

LIESELOT DECEUNINCK

Director

Active

Ended mandates

BART SOBRY

Manager

Ended

Cagico

Director · 0667.635.261

Represented by Bart Sobry

Ended

Cagico

Mandate · 0667.635.261

Represented by Bart Sobry

Ended

Cagico

Manager · 0667.635.261

Represented by Bart Sobry

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares31/01/2018
KAPITAAL - AANDELEN
PDF
Mandates27/01/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/03/2015
MAATSCHAPPELIJKE ZETEL
PDF
Other13/05/2011
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202527,3 k €↓
2024
Annual accounts 202463 k €↑
2023
Annual accounts 202354,4 k €↑
2022
Annual accounts 202238,4 k €↑
2021
Annual accounts 202128,1 k €↑
2020
Annual accounts 202027,1 k €↑
2019
Annual accounts 201917,6 k €↑
2018
Annual accounts 20189,9 k €↑
2017
Annual accounts 2017-869,6 €↑
2016
Annual accounts 2016-5 k €↓
2015
Annual accounts 201518,2 k €↓
2014
Annual accounts 201420 k €↓
2013
Annual accounts 201348,7 k €↑
2012
Annual accounts 2012-12,2 k €↑
2011
Annual accounts 2011-76 k €
11/05/2011
IncorporationPrivate 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

So-dec

Overview

What does So-dec do?

Trend over 15 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