ACTIVE

SODES

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Financial year 2025 · closed on 31/03/2025

Net result

33,8 k €

+269.0% YoY

Gross margin

146,2 k €

+101.4% YoY

Equity

1,4 M €

+2.4% YoY

What does SODES do?

SODES is a Private limited company incorporated in 2004. Its main activity is: Joinery installation. Its registered office is in Gistel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.059.055

Incorporation

30/06/2004

Legal form

Private limited company

Registered office

Nieuwpoortse Steenweg 172
8470 Gistel · FlandreSee on map

Contributed capital

197 870,00 €

Latest accounts

31/03/2025

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 45421Sale, maintenance and repair of motorcycles and related parts and accessories

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	146,2 k €	+101%	72,6 k €	-13.1%	83,6 k €	+18.0%	70,8 k €	+18.3%	59,8 k €	+2888%	2 k €	-99.1%	216,2 k €	+415%	41,9 k €	-19.3%	51,9 k €	-15.1%	61,1 k €	-75.0%	244,5 k €	-45.2%	446,1 k €	-9.3%	491,7 k €	-2.6%	504,7 k €	+8.8%	463,7 k €	+6.8%	434,2 k €	-7.4%	468,8 k €	-3.2%	484,3 k €	+5.5%	458,9 k €
EBITDA	111,1 k €	+111%	52,6 k €	-15.9%	62,6 k €	+55.0%	40,4 k €	+47.9%	27,3 k €	+460%	-7,6 k €	-104%	206,9 k €	+627%	28,4 k €	-36.0%	44,4 k €	+3.7%	42,9 k €	-47.1%	81 k €	-31.1%	117,5 k €	-17.3%	142,1 k €	-15.0%	167,3 k €	-3.0%	172,5 k €	+22.2%	141,2 k €	-17.2%	170,5 k €	+3.7%	164,4 k €	+21.0%	135,9 k €
Operating result	37 k €	+297%	-18,8 k €	-149%	-7,5 k €	+74.7%	-29,7 k €	+30.6%	-42,9 k €	+44.8%	-77,7 k €	-150%	154,4 k €	+634%	-28,9 k €	-161%	-11,1 k €	-19.7%	-9,3 k €	-125%	37,5 k €	-59.5%	92,5 k €	-21.0%	117,2 k €	-17.8%	142,5 k €	+12.2%	127 k €	+51.9%	83,7 k €	-21.0%	105,9 k €	+6.5%	99,4 k €	+13.7%	87,5 k €
Net result	33,8 k €	+269%	-20 k €	-106%	-9,7 k €	+73.8%	-37 k €	+9.1%	-40,7 k €	+49.3%	-80,4 k €	-172%	111,5 k €	+446%	-32,3 k €	-110%	-15,3 k €	+2.9%	-15,8 k €	-104%	438,4 k €	+131%	189,8 k €	+1.7%	186,7 k €	-44.6%	336,8 k €	+268%	91,4 k €	+176%	33,1 k €	-26.9%	45,2 k €	-88.8%	405,2 k €	+621%	56,2 k €
Balance sheet
Equity	1,4 M €	+2.4%	1,4 M €	-1.4%	1,4 M €	-0.7%	1,4 M €	-2.5%	1,5 M €	-2.7%	1,5 M €	-5.1%	1,6 M €	+7.6%	1,5 M €	-2.1%	1,5 M €	-1.0%	1,5 M €	-1.0%	1,5 M €	+38.8%	1,1 M €	+20.6%	919,9 k €	+25.5%	733,2 k €	-18.5%	899,7 k €	+6.3%	846,7 k €	+4.1%	813,7 k €	+5.9%	768,4 k €	+112%	363,2 k €
Total assets	1,9 M €	+5.7%	1,8 M €	-0.5%	1,8 M €	-5.0%	1,9 M €	-3.9%	2 M €	-7.2%	2,1 M €	+17.7%	1,8 M €	+8.0%	1,7 M €	-4.7%	1,7 M €	-3.8%	1,8 M €	-4.7%	1,9 M €	+25.3%	1,5 M €	-1.2%	1,5 M €	-5.7%	1,6 M €	+1.9%	1,6 M €	+4.3%	1,5 M €	-2.7%	1,6 M €	-4.2%	1,6 M €	-1.8%	1,7 M €
Cash	31,9 k €	+44.0%	22,2 k €	-36.7%	35 k €	-39.8%	58,2 k €	+12.6%	51,6 k €	-64.3%	144,5 k €	-44.3%	259,5 k €	+286%	67,2 k €	-49.0%	131,6 k €	-48.1%	253,8 k €	+264%	69,7 k €	+583%	10,2 k €	-47.2%	19,3 k €	-78.1%	88,1 k €	+311%	21,4 k €	+652%	2,9 k €	-71.7%	10,1 k €	-87.4%	80,2 k €	-44.4%	144,2 k €
Debts	413,4 k €	+17.7%	351,2 k €	+3.9%	338 k €	-19.7%	420,9 k €	-8.1%	457,8 k €	-18.3%	560 k €	+249%	160,4 k €	-11.5%	181,3 k €	-21.3%	230,5 k €	-18.7%	283,5 k €	-20.5%	356,6 k €	-11.8%	404,2 k €	-33.9%	611,9 k €	-31.4%	891,5 k €	+28.2%	695,4 k €	+8.0%	643,8 k €	-14.5%	753,1 k €	-11.3%	848,8 k €	-34.9%	1,3 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		3,0 ETP	-50.0%	6,0 ETP	-10.4%	6,7 ETP	-1.5%	6,8 ETP	+13.3%	6,0 ETP	-3.2%	6,2 ETP	-11.4%	7,0 ETP	-9.1%	7,7 ETP	-3.7%	8,0 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 31/03/2025 · 2 active · 9 ended

Active mandates

HEIDI PYCK

Manager

Active

LODE DESENDER

Manager

Active

Ended mandates

HEIDI PYCK

Director · until 30 septembre 2009

Ended

HEIDI PYCK

Director · until 30 septembre 2015

Ended

Lode Desender

Director · until 30 septembre 2015 · 0462.660.207

Represented by Lode Desender

Ended

Lode Desender

Director · until 30 septembre 2009 · 0462.660.207

Represented by LODE DESENDER

Ended

At this address

Other companies at this address

Company	CBE no.
ANNA JULIA● Active	1000.031.101
DESSIM● Active	0567.931.436
Dessimmo● Active	0749.435.163
Lode Desender● Active	0462.660.207
SIMDES● Active	0567.931.634

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	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/10/2025	31/10/2024	27/11/2023	29/11/2022	10/11/2021	14/02/2021
General meeting	20/09/2025	21/09/2024	16/09/2023	24/09/2022	18/09/2021	04/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	20/09/2025	30/10/2025	Dutch	PDF
Micro model	31/03/2024	21/09/2024	31/10/2024	Dutch	PDF
Micro model	31/03/2023	16/09/2023	27/11/2023	Dutch	PDF
Micro model	31/03/2022	24/09/2022	29/11/2022	Dutch	PDF
Micro model	31/03/2021	18/09/2021	10/11/2021	Dutch	PDF
Micro model	31/03/2020	04/12/2020	14/02/2021	Dutch	PDF
Micro model	31/03/2019	27/09/2019	25/11/2019	Dutch	PDF
Micro model	31/03/2018	28/09/2018	13/11/2018	Dutch	PDF
Abridged model	31/03/2017	29/09/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	30/09/2016	18/11/2016	Dutch	PDF
Abridged model	31/03/2015	19/09/2015	08/10/2015	Dutch	PDF
Abridged model	31/03/2014	26/09/2014	30/12/2014	Dutch	PDF
Abridged model	31/03/2013	27/09/2013	08/11/2013	Dutch	PDF
Abridged model	31/03/2012	28/09/2012	08/01/2013	Dutch	PDF
Abridged model	31/03/2011	23/09/2011	15/01/2012	Dutch	PDF
Abridged model	31/03/2010	24/09/2010	26/11/2010	Dutch	PDF
Abridged model	31/03/2009	25/09/2009	30/11/2009	Dutch	PDF
Abridged model	31/03/2008	26/09/2008	28/11/2008	Dutch	PDF
Abridged model	31/03/2007	28/09/2007	30/11/2007	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 31/03/2025 · 2 active · 9 ended

Active mandates

HEIDI PYCK

Manager

Active

LODE DESENDER

Manager

Active

Ended mandates

HEIDI PYCK

Director · until 30 septembre 2009

Ended

HEIDI PYCK

Director · until 30 septembre 2015

Ended

Lode Desender

Director · until 30 septembre 2015 · 0462.660.207

Represented by Lode Desender

Ended

Lode Desender

Director · until 30 septembre 2009 · 0462.660.207

Represented by LODE DESENDER

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring09/04/2015
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/01/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates11/06/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other08/07/2004
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 202533,8 k €↑
2024
Annual accounts 2024-20 k €↓
2023
Annual accounts 2023-9,7 k €↑
2022
Annual accounts 2022-37 k €↑
2021
Annual accounts 2021-40,7 k €↑
2020
Annual accounts 2020-80,4 k €↓
2019
Annual accounts 2019111,5 k €↑
2018
Annual accounts 2018-32,3 k €↓
2017
Annual accounts 2017-15,3 k €↑
2016
Annual accounts 2016-15,8 k €↓
2015
Annual accounts 2015438,4 k €↑
2014
Annual accounts 2014189,8 k €↑
2013
Annual accounts 2013186,7 k €↓
2012
Annual accounts 2012336,8 k €↑
2011
Annual accounts 201191,4 k €↑
2010
Annual accounts 201033,1 k €↓
2009
Annual accounts 200945,2 k €↓
2008
Annual accounts 2008405,2 k €↑
2007
Annual accounts 200756,2 k €
30/06/2004
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

SODES

Overview

What does SODES do?

Trend over 19 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