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Pedro Soete

Active
Private limited companyfounded 200520 yrs activeLangemarkseweg 10, 8904 Ieper, BelgiumKBO/BCE: BE 0878.283.530
Summary

Pedro Soete has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.16M and a net result of €51k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 24% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability61▲+43
Solvency48▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.83 in 2024; short-term debt: 37.9% and cash: 1.4% of total assets), and 77.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
22.9%
Return on assets
1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 7838 sector peers (2025).
NBB · sector comparison
Position among 7838 sector peers
Solvency
better than 24%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-02-2026, 178 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
178 d early
2024
104 d late
2023
92 d late
2022
31 d late
2021
72 d late
2020
2 d early
2019
79 d early
← before the deadline after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 30 December 2005, Pedro Soete was incorporated.1 Total assets went from EUR 2.4 million in 2018 to EUR 5.1 million in 2025 and headcount from 21 to 22.6 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

Financials · fiscal year 2025, abbreviated schema

Equity
€1.16M▲ 4.5%
2024 · €1.11M
Total assets
€5.08M▼ 4.7%
2024 · €5.33M
Net result
€51k
2024 · €-345k
Working capital
€-380k▼ 17.6%
2024 · €-323k
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€37k▼ 94.9%€87k▲ 134%€-263k€-262k▲ 0.3%€137k
Net result€85k▼ 87.5%€18k▼ 78.7%€-384k€-345k▲ 10.3%€51k
Equity€1.82M▲ 4.9%€1.84M▲ 1.0%€1.46M▼ 20.9%€1.11M▼ 23.6%€1.16M▲ 4.5%
Total assets€5.68M▲ 18.8%€6.93M▲ 22.0%€6.35M▼ 8.3%€5.33M▼ 16.2%€5.08M▼ 4.7%
Debt€3.73M▲ 28.3%€4.96M▲ 33.1%€4.78M▼ 3.7%€4.10M▼ 14.2%€3.81M▼ 7.2%
Working capital€639k▼ 10.5%€673k▲ 5.4%€110k▼ 83.7%€-323k€-380k▼ 17.6%
Staff (FTE)21▼ 0.9%22.2▲ 5.7%24.9▲ 12.2%24▼ 3.6%22.6▼ 5.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€-400k€-200k€0€200kOperating result 2021: €37k€37kNet result 2021: €85k€85kOperating result 2022: €87k€87kNet result 2022: €18k€18kOperating result 2023: €-263k€-263kNet result 2023: €-384k€-384kOperating result 2024: €-262k€-262kNet result 2024: €-345k€-345kOperating result 2025: €137k€137kNet result 2025: €51k€51k20212022202320242025€-400k€-200k€0€200kOperating result 2023: €-263k€-263kNet result 2023: €-384k€-384kOperating result 2024: €-262k€-262kNet result 2024: €-345k€-345kOperating result 2025: €137k€137kNet result 2025: €51k€51k202320242025
The operating result returns to profit in 2025: €137k after a loss of €262k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.08M
Fixed assets €3.54M ▼ 6.5%
Current assets €1.54M ▼ 0.1%
Equity and liabilities €5.08M
Equity €1.16M ▲ 4.5%
Provisions €105k ▼ 4.1%
Debt €3.81M ▼ 7.2%
Debt's share of the balance-sheet total falls from 77.0% to 75.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€445k▲
2024 · €73k
Cash flow
€358k▲
2024 · €-10k
Current ratio
0.80▼
2024 · 0.83
Quick ratio
0.45▼
2024 · 0.46
Debt to equity
3.27▼
2024 · 3.68
ROE
4.4%▲
2024 · -31.0%
ROA
1.0%▲
2024 · -6.5%
Interest coverage
4.92▲
2024 · 0.82
Debt ≤ 1 year
€1.92M▲
2024 · €1.87M
Debt > 1 year
€1.89M▼
2024 · €2.23M
Income taxes
€891▲
2024 · €880
Staff costs
€1.44M▲
2024 · €1.42M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 70 lines
Balance sheet Code20242025
Assets
Total assets20/58€5.33M€5.08M▼
Fixed assets21/28€3.78M€3.54M▼
Tangible fixed assets22/27€3.05M€2.80M▼
Land and buildings22€2.24M€2.10M▼
Plant, machinery and equipment23€11k€12k▲
Furniture and vehicles24€53k€43k▼
Leasing and similar rights25€743k€601k▼
Assets under construction and advance payments27€0€39k▲
Financial fixed assets28€736k€736k=
Current assets29/58€1.54M€1.54M▼
Amounts receivable after more than one year29€90k€90k=
Other amounts receivable291€90k€90k=
Stocks and contracts in progress3€693k€672k▼
Stocks30/36€163k€174k▲
Contracts in progress37€531k€498k▼
Amounts receivable within one year40/41€601k€680k▲
Trade receivables40€550k€610k▲
Other amounts receivable41€51k€69k▲
Cash at bank and in hand54/58€131k€73k▼
Deferred charges and accrued income490/1€29k€28k▼
Equity and liabilities
Total equity and liabilities10/49€5.33M€5.08M▼
Equity10/15€1.11M€1.16M▲
Contributions10/11€115k€115k=
Reserves13€999k€1.05M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€346k€332k▼
Distributable reserves133€653k€717k▲
Profit (loss) carried forward14€0€146▲
Provisions and deferred taxes16€109k€105k▼
Deferred taxes168€109k€105k▼
Amounts payable17/49€4.10M€3.81M▼
Amounts payable after more than one year17€2.23M€1.89M▼
Financial debts170/4€2.14M€1.78M▼
Other amounts payable178/9€90k€110k▲
Amounts payable within one year42/48€1.87M€1.92M▲
Current portion of amounts payable after more than one year42€428k€369k▼
Financial debts43€150k€150k=
Credit institutions430/8€150k€150k=
Trade debts44€1.07M€1.18M▲
Suppliers440/4€1.07M€1.18M▲
Advances received on contracts in progress46€130k€125k▼
Taxes, remuneration and social security45€75k€92k▲
Taxes450/3€13k€21k▲
Remuneration and social security454/9€63k€71k▲
Other amounts payable47/48€10k€3k▼
Accrued charges and deferred income492/3€150€153▲
Income statement Code20242025
Non-recurring operating income76A€200€10k▲
Remuneration, social security and pensions62€1.42M€1.44M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€335k€308k▼
Other operating charges640/8€25k€19k▼
Non-recurring operating charges66A€0€1k▲
Gross operating margin9900€1.52M€1.90M▲
Operating profit (loss)9901€-262k€137k▲
Financial income75/76B€3k€117▼
Recurring financial income75€3k€117▼
Financial charges65/66B€89k€90k▲
Recurring financial charges65€89k€90k▲
Profit (loss) for the period before taxes9903€-348k€47k▲
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€880€891▲
Profit (loss) for the period9904€-345k€51k▲
Transfer from tax-exempt reserves789€13k€13k=
Profit (loss) for the period to be appropriated9905€-331k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-702k€64k▲
Profit (loss) brought forward from the previous period14P€-371k€0▲
Transfer from equity791/2€702k€0▼
Transfer to equity691/2-€64k
To other reserves6921-€64k
Social balance
Average headcount (FTE)908724.022.6▼

The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€413€0€200€10k▲ 4,900%
Remuneration, social security and pensions62€1.14M€1.30M€1.55M€1.42M€1.44M▲ 1.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€272k€360k€370k€335k€308k▼ 8.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€341€0----
Other operating charges640/8€17k€37k€30k€25k€19k▼ 24.0%
Non-recurring operating charges66A-€3k€797€0€1k-
Gross operating margin9900€1.47M€1.79M€1.69M€1.52M€1.90M▲ 25.3%
Operating profit (loss)9901€37k€87k€-263k€-262k€137k▲ 152%
Financial income75/76B€106k€53k€20k€3k€117▼ 95.8%
Recurring financial income75€106k€53k€20k€3k€117▼ 95.8%
Financial charges65/66B€61k€128k€145k€89k€90k▲ 1.2%
Recurring financial charges65€61k€128k€145k€89k€90k▲ 1.2%
Profit (loss) for the period before taxes9903€82k€12k€-388k€-348k€47k▲ 114%
Transfer from deferred taxes780€7k€7k€4k€4k€4k=
Income taxes67/77€4k€695€867€880€891▲ 1.2%
Profit (loss) for the period9904€85k€18k€-384k€-345k€51k▲ 115%
Transfer from tax-exempt reserves789€21k€21k€13k€13k€13k=
Profit (loss) for the period to be appropriated9905€106k€39k€-371k€-331k€64k▲ 119%
Line20212022202320242025Change
Assets
Total assets20/58€5.68M€6.93M€6.35M€5.33M€5.08M▼ 4.7%
Fixed assets21/28€3.68M€3.70M€3.95M€3.78M€3.54M▼ 6.5%
Tangible fixed assets22/27€2.95M€2.97M€3.22M€3.05M€2.80M▼ 8.1%
Land and buildings22€1.61M€1.52M€1.43M€2.24M€2.10M▼ 6.0%
Plant, machinery and equipment23€308k€174k€48k€11k€12k▲ 2.9%
Furniture and vehicles24€47k€33k€70k€53k€43k▼ 18.2%
Leasing and similar rights25€949k€883k€891k€743k€601k▼ 19.1%
Assets under construction and advance payments27€32k€357k€777k€0€39k-
Financial fixed assets28€736k€736k€736k€736k€736k=
Current assets29/58€2.00M€3.22M€2.40M€1.54M€1.54M▼ 0.1%
Amounts receivable after more than one year29€90k€90k€90k€90k€90k=
Other amounts receivable291€90k€90k€90k€90k€90k=
Stocks and contracts in progress3€678k€1.07M€868k€693k€672k▼ 3.1%
Stocks30/36€120k€320k€203k€163k€174k▲ 6.9%
Contracts in progress37€558k€747k€665k€531k€498k▼ 6.2%
Amounts receivable within one year40/41€689k€1.61M€1.25M€601k€680k▲ 13.2%
Trade receivables40€590k€1.49M€1.17M€550k€610k▲ 11.1%
Other amounts receivable41€99k€121k€83k€51k€69k▲ 36.1%
Cash at bank and in hand54/58€516k€429k€126k€131k€73k▼ 44.8%
Deferred charges and accrued income490/1€23k€25k€61k€29k€28k▼ 3.1%
Equity and liabilities
Total equity and liabilities10/49€5.68M€6.93M€6.35M€5.33M€5.08M▼ 4.7%
Equity10/15€1.82M€1.84M€1.46M€1.11M€1.16M▲ 4.5%
Contributions10/11€115k€115k€115k€115k€115k=
Reserves13€1.71M€1.73M€1.71M€999k€1.05M▲ 5.1%
Non-distributable reserves130/1€12k€12k€12k€0--
Reserves not available under the articles1311€12k€12k€12k€0--
Tax-exempt reserves132€393k€373k€359k€346k€332k▼ 3.9%
Distributable reserves133€1.30M€1.34M€1.34M€653k€717k▲ 9.8%
Profit (loss) carried forward14€675€409€-371k€0€146-
Provisions and deferred taxes16€125k€118k€114k€109k€105k▼ 4.1%
Deferred taxes168€125k€118k€114k€109k€105k▼ 4.1%
Amounts payable17/49€3.73M€4.96M€4.78M€4.10M€3.81M▼ 7.2%
Amounts payable after more than one year17€2.37M€2.42M€2.49M€2.23M€1.89M▼ 15.6%
Financial debts170/4€2.37M€2.42M€2.49M€2.14M€1.78M▼ 17.2%
Other amounts payable178/9---€90k€110k▲ 22.2%
Amounts payable within one year42/48€1.36M€2.55M€2.29M€1.87M€1.92M▲ 2.9%
Current portion of amounts payable after more than one year42€331k€394k€440k€428k€369k▼ 13.8%
Financial debts43-€150k€150k€150k€150k=
Credit institutions430/8-€150k€150k€150k€150k=
Trade debts44€529k€1.26M€1.33M€1.07M€1.18M▲ 10.2%
Suppliers440/4€529k€1.26M€1.33M€1.07M€1.18M▲ 10.2%
Advances received on contracts in progress46€377k€570k€110k€130k€125k▼ 4.2%
Taxes, remuneration and social security45€67k€98k€176k€75k€92k▲ 22.9%
Taxes450/3€22k€22k€16k€13k€21k▲ 67.6%
Remuneration and social security454/9€45k€75k€161k€63k€71k▲ 13.9%
Other amounts payable47/48€53k€79k€84k€10k€3k▼ 69.3%
Accrued charges and deferred income492/3€3k€0€59€150€153▲ 2.0%
Line20212022202320242025Change
Profit (loss) for the period9904€85k€18k€-384k€-345k€51k▲ 115%
+ Depreciation and write-downs630€272k€360k€370k€335k€308k▼ 8.2%
Operating cash flow (approximation)€357k€378k€-15k€-10k€358k▲ 3,841%
Investment in fixed assets (approximation)-€-381k€-621k€-162k€-62k▲ 61.7%
Change in cash-€-87k€-304k€6k€-59k▼ 1,161%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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More with these figures Sector benchmark What changed Value indication

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
03-02
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Back to profitnet €51k
Net result €51k after 2 loss-making years.
12-11
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 104 days late
2024
31-10
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 92 days late
2023
31-12
Financial Weakest financial yearnet €-384k
Net result drops to €-384k, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
11-10
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 72 days late
2021
29-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Highest result since 2018net €679k ▲288%
Operating result €728k, net result €679k, both a record.
13-05
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Equity above €1MEq €1.06M ▲19.8%
2 profitable years in a row build equity to €1.06M.
11-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-03
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 2006
seat establishment The establishment unit on the map
Ground area
622 m²
Building footprint
132 m²
Parcel 33003B0815/00S000, Flanders. Linked by address, not a title deed.
14 companies at this address See who is registered here
1 establishment unit
SOETE Aluminium bvba
Langemarkseweg 10, 8904 IeperNACE 4542101
since 20062.150.834.646
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
33003B0815/00S000 Flanders 622 m² 1 · 132 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 6 entries · 33,753 EUR awarded · 33,721 EUR paid
Year Entries awardedpaid
2025 2 8,698 EUR8,698 EUR
2024 1 7,796 EUR7,796 EUR
2023 1 9,306 EUR9,306 EUR
2022 2 7,953 EUR7,921 EUR
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
4 entries · 32,136 EUR · 32,136 EUR paid · Departement Werk en Sociale Economie
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
2 entries · 1,617 EUR · 1,585 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

1 category
Pedro Soete BV35563
category D20, class 4
decision 03-12-2024

Similar companies · same sector, comparable size

Of 20,028 companies in sector 43320 we hold annual accounts for 9,133. 4,033 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded30-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation

Scores and ratios are computed by Checked and are not a credit decision.