Silicon oxycarbides modified with main group or transition metals (SiMOC) are usually synthesized via pyrolysis of sol-gel precursors from suitable metal-modified orthosilicates or polysiloxanes. In this study, the phase composition of different SiMOC systems (M = Sn, Fe, Mn, V, and Lu) was investigated. Depending on the metal, different ceramic phases formed. For M = Mn and Lu, MO x /SiOC ceramic nanocomposites were formed, whereas other compositions revealed the formation of M/SiOC (M = Sn), MSi x /SiOC (M = Fe) or MC x /SiOC (M = V) upon pyrolysis. The different phase compositions of the SiMOC materials are rationalized by a simple thermodynamic approach which generally correctly predicts which type of ceramic nanocomposite is expected upon ceramization of the metal-modified precursors. Calculations show that the thermodynamic stability of the MO x phase with respect to that of the C-O system is the most important factor to predict phase formation in polymer-derived SiMOC ceramic systems. A secondary factor is the relative stability of metal oxides, silicates, carbides, and silicides.