Losses
-€22.9m in 13 years
Every financial year from 2012 to 2025 closed with a loss. 2023 was the heaviest.
Soitec Belgium
Lifetime
14 annual accounts with figures on one time axispeak €3.9m (2025)
€3.9m▲ 106%
lowest -€6.0m (2023)
-€862,149▲ €2.7m
peak €10.1m (2023)
€8.6m▲ 15.3%
€3.9m▼ 25.3%
peak 13.2 FTE (2024)
12.2 FTE▼ 7.6%
Board10 names since 2019
6 directorsJean Marc LE MEIL and 5 others
Owners4 names in the annual accounts
Documentsfilings and deeds
19-11-202519 days late
2025abbreviated format
Gross margin from €1.9m to €3.9mLoss of €862,149Equity from €7.5m to €8.6mDebts from €5.2m to €3.9mCash from €782,982 to €277,040
Key points
from the 2025 annual accountsStaff
16 employees on 31-03-2025
In 2025, 7 people joined and 5 left.
Liquidity
3.30 was 1.87 in 2024
Short-term debts fell from €3.0m to €2.4m.
Filings
14 annual accounts 15 filings, 7 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
At the same address
39 companies
Position in the sector
-€862,149
Lower net result than 95% of companies in computer and electronic products. Sector median €21,042 · 147 companies.
Checked score
69
Healthy
Financially stronger than 57% of small companies in computer and electronic products (NACE 26)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 115 companies (NACE 26, small).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.7%▲ +0.1 percentage points vs 01-2025
03-2025: 0.9%▲ +0.2 percentage points vs 02-2025
04-2025: 1.6%▲ +0.7 percentage points vs 03-2025
05-2025: 1.6%● unchanged vs 04-2025
06-2025: 1.8%▲ +0.2 percentage points vs 05-2025
07-2025: 1.7%▼ -0.1 percentage points vs 06-2025
08-2025: 1.8%▲ +0.1 percentage points vs 07-2025
09-2025: 1.9%▲ +0.1 percentage points vs 08-2025
10-2025: 2.0%▲ +0.1 percentage points vs 09-2025
11-2025: 2.1%▲ +0.1 percentage points vs 10-2025highest value
12-2025: 0.5%▼ -1.6 percentage points vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026lowest value
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.6%▲ +0.1 percentage points vs 09-2026
11-2026: 0.7%▲ +0.1 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 19 days late; 2 of the last 3 accounts late
Liquidity: current ratio 3.30, cash €277,040, halved
Loss of €862,149, the second in a row (financial year 2025)
Figures for financial year 2025 (filed on 21-11-2025)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 26, small). It does better than 72% of them on solvency, 50% on liquidity, 36% on profitability and 70% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,686 companies had the same profile as Soitec Belgium has now. Each dot stands for 7 companies, two years later.
93.7%
were still trading
5.4%
stopped another way
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Soitec Belgium itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,686 companies, not a prediction for Soitec Belgium. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €550,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.3 (1.87 in 2024), above the usual 1.5. Short-term debt is 19.2% and cash 2.2% of total assets. 31.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 19 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 19-11-2025, 19 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2026
not filed
2025
19 days late
2024
188 days late
2023
9 days late
2022
38 days late
2021
16 days late
2020
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 50 days after the deadline. In the sector (NACE 26), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0826159985
Appointment: VGD Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Bart Roose · General meeting of 31-03-2024 · Gazette deed
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen, Verbouwen en/of uitbreiden met functiewijziging, maar zonder wijziging van het aantal woongelegenheden · Provincie Limburg
3 directors appointed, 1 resignation
Changes of role: MARIANNE GERMAIN and STEFAN DEGROOTE · Resignation: JOFF DERLUYN (member of the management board) · Permanent representatives: Marianne Germain, Stefan Degroote and Joff Derluyn · General meeting of 18-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Soitec Belgium Hasselt | €12.5m | €3.9m | 68.7% | 12.2 |
| MinDCet Leuven | €4.4m | €2.4m | 64.1% | 14 |
| intoPIX Ottignies-Louvain-la-Neuve | €14.9m | €5.9m | 68.1% | 35.4 |
| LHM Geel | €7.2m | €2.5m | 51.6% | 23 |
| ELETECHNIK BELGIUM Wetteren | €3.8m | €1.1m | 34.0% | 12.7 |
| MGB-TECH Dendermonde | €3.0m | €1.8m | 55.4% | 11.4 |
| R-CONCEPT Ottignies-Louvain-la-Neuve | €5.0m | €3.1m | 33.3% | 30.9 |
These companies have the same main activity as Soitec Belgium: manufacture of computer, electronic and optical products (NACE 26110). They are comparable in size and age: total assets between €3m and €15m, founded between 1999 and 2016.
Official details
Source: KBO- Status
- Active since 26-05-2010Normal situation
- Registered office
- 40 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Manufacture of computer, electronic and optical productsNACE 26110and 4 others
- Establishment unit
- 2.188.884.4793500 Hasselt, since 26-05-2010
- Financial year end
- 31 March
- Peppol
- Reachable since 04-12-2025
Annual accounts to 31-03-2025
- ≈ €6.6mestimated
- €12.5m▼ 1.5%
- Employeeson 31-03-2025
- 16
- Filing
- Filed on 19-11-2025
Insights on Soitec Belgium
Soitec Belgium files the abbreviated format. That format states no turnover. The gross margin rose from €569,513 in 2011 to €3.9m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Soitec Belgium
- What is the company number of Soitec Belgium?
- The company number of Soitec Belgium is 0826.159.985. The VAT number is the same number with BE in front: BE 0826.159.985.
- Where is Soitec Belgium based?
- The registered office is at Kempische steenweg 293, 3500 Hasselt.Company details
- What does Soitec Belgium do?
- According to the KBO register, the main activity is manufacture of computer, electronic and optical products (NACE 26110).
- What is the legal form of Soitec Belgium?
- Soitec Belgium is a public limited company (NV).
- When was Soitec Belgium founded?
- Soitec Belgium was founded on 26-05-2010.
- Is Soitec Belgium still active?
- Yes, Soitec Belgium is an active enterprise in the KBO register.
- How many employees does Soitec Belgium have?
- Soitec Belgium had an average of 12.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Soitec Belgium?
- The turnover in financial year 2025 is ≈ €6.6m. This figure is estimated from the gross margin of €3.9m and 1,586 comparable companies of the same size. It probably lies between €4.5m and €11.0m. It is a rough estimate.
- Is Soitec Belgium profitable?
- In financial year 2025, Soitec Belgium made a loss of €862,149.
- Where can I find the annual accounts of Soitec Belgium?
- Soitec Belgium filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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