Pedro Soete
ActiveSummary
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.
Credit check for your own amount and term
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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, 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 comparisonPosition 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 filingsDeviation 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.16M▲ 4.5%
2024 · €1.11M
2018: €885klowest in 8 years
2019: €1.06M▲ +19.8% vs 2018
2020: €1.74M▲ +64.0% vs 2019
2021: €1.82M▲ +4.9% vs 2020
2022: €1.84M▲ +1.0% vs 2021highest in 8 years
2023: €1.46M▼ -20.9% vs 2022
2024: €1.11M▼ -23.6% vs 2023
2025: €1.16M▲ +4.5% vs 2024
2018 → 2025
Total assets
€5.08M▼ 4.7%
2024 · €5.33M
2018: €2.38M
2019: €2.37M▼ -0.6% vs 2018lowest in 8 years
2020: €4.78M▲ +102% vs 2019
2021: €5.68M▲ +18.8% vs 2020
2022: €6.93M▲ +22.0% vs 2021highest in 8 years
2023: €6.35M▼ -8.3% vs 2022
2024: €5.33M▼ -16.2% vs 2023
2025: €5.08M▼ -4.7% vs 2024
2018 → 2025
Net result
€51k
2024 · €-345k
2018: €103k
2019: €175k▲ +69.6% vs 2018
2020: €679k▲ +288% vs 2019highest in 8 years
2021: €85k▼ -87.5% vs 2020
2022: €18k▼ -78.7% vs 2021
2023: €-384k▼ -2222% vs 2022lowest in 8 years
2024: €-345k▲ +10.3% vs 2023
2025: €51k▲ +115% vs 2024
2018 → 2025
Working capital
€-380k▼ 17.6%
2024 · €-323k
2018: €702k
2019: €851k▲ +21.1% vs 2018highest in 8 years
2020: €714k▼ -16.1% vs 2019
2021: €639k▼ -10.5% vs 2020
2022: €673k▲ +5.4% vs 2021
2023: €110k▼ -83.7% vs 2022
2024: €-323k▼ -395% vs 2023
2025: €-380k▼ -17.6% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.82M-€1.84M▲ 1.0%€1.46M▼ 20.9%€1.11M▼ 23.6%€1.16M▲ 4.5%
2021: €1.82M
2022: €1.84M▲ +1.0% vs 2021highest in 5 years
2023: €1.46M▼ -20.9% vs 2022
2024: €1.11M▼ -23.6% vs 2023lowest in 5 years
2025: €1.16M▲ +4.5% vs 2024
Operating result€37k-€87k▲ 134%€-263k€-262k▲ 0.3%€137k
2021: €37k
2022: €87k▲ +134% vs 2021
2023: €-263k▼ -402% vs 2022lowest in 5 years
2024: €-262k▲ +0.3% vs 2023
2025: €137k▲ +152% vs 2024highest in 5 years
Net result€85k-€18k▼ 78.7%€-384k€-345k▲ 10.3%€51k
2021: €85khighest in 5 years
2022: €18k▼ -78.7% vs 2021
2023: €-384k▼ -2222% vs 2022lowest in 5 years
2024: €-345k▲ +10.3% vs 2023
2025: €51k▲ +115% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
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
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.
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.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
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
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
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 | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 8,698 EUR | 8,698 EUR |
| 2024 | 1 | 7,796 EUR | 7,796 EUR |
| 2023 | 1 | 9,306 EUR | 9,306 EUR |
| 2022 | 2 | 7,953 EUR | 7,921 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryPedro Soete BV35563
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 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.