Equity
-€100,121
Debts exceed assets in financial year 2025.
SOGECY-FSH
Lifetime
8 annual accounts with figures on one time axis, 22 filings since 1992peak €59,176 (2025)
€59,176▲ 45.1%
lowest -€55,351 (2022)
€2,127▼ 72.6%
peak -€17,975 (2019)
-€100,121▲ €2,127
€345,615▼ 5.6%
Board2 names since 2020
-
Documentsfilings and deeds
30-09-202661 days late
2025abbreviated format
Gross margin from €40,787 to €59,176Result from €7,768 to €2,127Cash from €2,764 to €71
Key points
from the 2025 annual accountsChecked score
55
Fair
Financially stronger than 36% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 0.9%▼ -0.1 percentage points vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 1.0%▲ +0.1 percentage points vs 06-2025
08-2025: 1.4%▲ +0.4 percentage points vs 07-2025
09-2025: 1.6%▲ +0.2 percentage points vs 08-2025
10-2025: 1.8%▲ +0.2 percentage points vs 09-2025highest value
11-2025: 0.9%▼ -0.9 percentage points vs 10-2025
12-2025: 0.8%▼ -0.1 percentage points vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026lowest value
04-2026: 0.8%● unchanged vs 03-2026lowest value
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.9%▲ +0.1 percentage points vs 05-2026
07-2026: 1.0%▲ +0.1 percentage points vs 06-2026
08-2026: 1.3%▲ +0.3 percentage points vs 07-2026
09-2026: 1.5%▲ +0.2 percentage points vs 08-2026
10-2026: 1.2%▼ -0.3 percentage points vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Liquidity: current ratio 0.07, cash €71, halved
Last filed accounts filed 61 days late; 3 of the last 3 accounts late
lowers risk
Founded in 1991
Size: total assets €339,537
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 68, micro). It does better than 5% of them on solvency, 29% on liquidity, 58% on profitability and 52% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.
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, 1,449 companies had the same profile as SOGECY-FSH has now. Each dot stands for 4 companies, two years later.
92.2%
were still trading
4.8%
stopped another way
2.5%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOGECY-FSH itself: 1.2% 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 1,449 companies, not a prediction for SOGECY-FSH. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.07 (0.05 in 2024), below 1. Short-term debt is 31.5% and cash 0% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 11299 sector peers (2025).
NBB · sector comparisonPosition among 11299 sector peers
Solvency
better than 7%
← weakest
strongest →
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 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 · 10 filingsDeviation from the deadline
2025
61 days late
2024
90 days late
2023
90 days late
2022
115 days late
2021
61 days late
2020
91 days late
2019
67 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 82 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0445456464
Merger: FINANCE SOVET HOLDING takes over SOGECY
Company renamed to SOGECY - FSH · New name: SOGECY - FSH · Cancellation of 626 shares · General meeting of 19-12-2019 · Gazette deed
First establishment
Rue Verte Voie 1, Ciney
Incorporation
published on 07-11-1991 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOGECY-FSH Hamois | €339,537 | €59,176 | -29.5% | - |
| SOCIETE PATRIMONIALE ET D'INVESTISSEMENT Jemeppe-sur-Sambre | €370,681 | €55,183 | 97.7% | - |
| SORENAM Namur | €405,962 | €56,895 | 95.8% | - |
| PHARMO - JONCQUIERE Namur | €408,665 | €60,905 | 34.0% | 1 |
| IMMOSTUDIO DE LA GRAND-RUE Charleroi | €328,463 | €62,758 | 36.1% | - |
| STANPHIL Woluwe-Saint-Lambert | €350,664 | €66,402 | 57.1% | 0 |
| DECOSTER R. en Zoon Sint-Pieters-Leeuw | €350,557 | €66,431 | 87.4% | - |
These companies have the same main activity as SOGECY-FSH: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €328,000 and €409,000, founded between 1988 and 1992.
Official details
Source: KBO- Status
- Active since 20-10-1991Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
- Establishment unit
- 2.055.257.9725590 Ciney, since 10-12-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Insights on SOGECY-FSH
SOGECY-FSH files the abbreviated format. That format states no turnover. The gross margin rose from -€307 in 2014 to €59,176 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 SOGECY-FSH
- What is the company number of SOGECY-FSH?
- The company number of SOGECY-FSH is 0445.456.464. The VAT number is the same number with BE in front: BE 0445.456.464.
- Where is SOGECY-FSH based?
- The registered office is at Rue du Tige, Schaltin 21, 5364 Hamois.Company details
- What does SOGECY-FSH do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of SOGECY-FSH?
- SOGECY-FSH is a private limited company (BV).
- When was SOGECY-FSH founded?
- SOGECY-FSH was founded on 20-10-1991.
- Is SOGECY-FSH still active?
- Yes, SOGECY-FSH is an active enterprise in the KBO register.
- What is the turnover of SOGECY-FSH?
- The turnover in financial year 2025 is ≈ €76,000. This figure is estimated from the gross margin of €59,176 and 45 comparable companies (NACE 682). It probably lies between €66,000 and €98,000.Financials
- Is SOGECY-FSH profitable?
- In financial year 2025, SOGECY-FSH made a profit of €2,127.
- Where can I find the annual accounts of SOGECY-FSH?
- SOGECY-FSH filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOGECY-FSH due?
- SOGECY-FSH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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