SASORECO
ActiveSummary
SASORECO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €307k and a net result of €8k. Equity remains stable across the filed fiscal years (±1.3% per year). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 9.29 against 8.74 in 2024; short-term debt: 8.1% and cash: 71.4% of total assets), and 9.6% 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
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
90.4%
Return on assets
2.5%
Age of the figures
9 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
43 d late
2023
27 d late
2022
25 d early
2021
52 d early
2020
59 d early
2019
58 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
Turnover
€0
Total assets
€339k▲ 1.9%
2024 · €333k
2018: €303k
2019: €298k▼ -1.6% vs 2018
2020: €310k▲ +3.8% vs 2019
2021: €305k▼ -1.5% vs 2020
2022: €294k▼ -3.6% vs 2021lowest in 8 years
2023: €318k▲ +8.1% vs 2022
2024: €333k▲ +4.6% vs 2023
2025: €339k▲ +1.9% vs 2024highest in 8 years
2018 → 2025
Net result
€8k▼ 3.7%
2024 · €9k
2018: €-10klowest in 8 years
2019: €8k▲ +178% vs 2018
2020: €10k▲ +20.0% vs 2019
2021: €-7k▼ -174% vs 2020
2022: €-10k▼ -40.7% vs 2021
2023: €13k▲ +230% vs 2022highest in 8 years
2024: €9k▼ -33.8% vs 2023
2025: €8k▼ -3.7% vs 2024
2018 → 2025
Working capital
€229k▼ 0.1%
2024 · €229k
2018: €229k
2019: €239k▲ +4.3% vs 2018
2020: €253k▲ +6.0% vs 2019highest in 8 years
2021: €237k▼ -6.3% vs 2020
2022: €230k▼ -3.2% vs 2021
2023: €215k▼ -6.2% vs 2022lowest in 8 years
2024: €229k▲ +6.3% vs 2023
2025: €229k▼ -0.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0
Equity€287k-€277k▼ 3.5%€290k▲ 4.7%€298k▲ 3.0%€307k▲ 2.8%
2021: €287k
2022: €277k▼ -3.5% vs 2021lowest in 5 years
2023: €290k▲ +4.7% vs 2022
2024: €298k▲ +3.0% vs 2023
2025: €307k▲ +2.8% vs 2024highest in 5 years
Operating result€-7k-€-10k▼ 41.8%€14k€9k▼ 32.8%€11k▲ 13.7%
2021: €-7k
2022: €-10k▼ -41.8% vs 2021lowest in 5 years
2023: €14k▲ +242% vs 2022highest in 5 years
2024: €9k▼ -32.8% vs 2023
2025: €11k▲ +13.7% vs 2024
Net result€-7k-€-10k▼ 40.7%€13k€9k▼ 33.8%€8k▼ 3.7%
2021: €-7k
2022: €-10k▼ -40.7% vs 2021lowest in 5 years
2023: €13k▲ +230% vs 2022highest in 5 years
2024: €9k▼ -33.8% vs 2023
2025: €8k▼ -3.7% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 14% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €339k
Fixed assets
€83k ▲ 11.5%
Current assets
€256k ▼ 0.8%
Equity and liabilities €339k
Equity
€307k ▲ 2.8%
Debt
€33k ▼ 5.5%
Debt's share of the balance-sheet total falls from 10.4% to 9.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▲
2024 · €15k
Cash flow
€14k▼
2024 · €14k
Current ratio
9.29▲
2024 · 8.74
Quick ratio
9.02▲
2024 · 8.49
Debt to equity
0.11▼
2024 · 0.12
ROE
2.7%▼
2024 · 2.9%
ROA
2.5%▼
2024 · 2.6%
Interest coverage
76.35▲
2024 · 69.97
Debt ≤ 1 year
€28k▼
2024 · €30k
Debt > 1 year
€2k=
2024 · €2k
Income taxes
€4k▼
2024 · €4k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€333k€339k▲
Fixed assets21/28€74k€83k▲
Tangible fixed assets22/27€74k€83k▲
Land and buildings22€74k€81k▲
Plant, machinery and equipment23€0€2k▲
Furniture and vehicles24€0-
Current assets29/58€258k€256k▼
Stocks and contracts in progress3€7k€7k=
Stocks30/36€7k€7k=
Cash at bank and in hand54/58€245k€242k▼
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€333k€339k▲
Equity10/15€298k€307k▲
Contributions10/11€186k€186k=
Capital10€186k€186k=
Issued capital100€186k€186k=
Reserves13€112k€121k▲
Non-distributable reserves130/1€19k€19k=
Legal reserve130€19k€19k=
Distributable reserves133€94k€102k▲
Amounts payable17/49€35k€33k▼
Amounts payable after more than one year17€2k€2k=
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€30k€28k▼
Trade debts44€12k€11k▼
Suppliers440/4€12k€11k▼
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€4k€7k▲
Other amounts payable47/48€14k€9k▼
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Turnover70€0-
Goods, raw materials, services and sundry goods60/61€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€22k€23k▲
Gross operating margin9900€37k€39k▲
Operating profit (loss)9901€9k€11k▲
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€213€211▼
Recurring financial charges65€213€211▼
Profit (loss) for the period before taxes9903€13k€12k▼
Income taxes67/77€4k€4k▼
Profit (loss) for the period9904€9k€8k▼
Profit (loss) for the period to be appropriated9905€9k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€8k▼
Transfer to equity691/2€9k€8k▼
To other reserves6921€9k€8k▼
The notes to these accounts (4 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €5k | €5k | €5k | ▼ 0.7% |
| Other operating charges640/8 | €18k | €20k | €22k | €22k | €23k | ▲ 3.4% |
| Gross operating margin9900 | €14k | €13k | €41k | €37k | €39k | ▲ 5.4% |
| Operating profit (loss)9901 | €-7k | €-10k | €14k | €9k | €11k | ▲ 13.7% |
| Financial income75/76B | - | - | €2k | €4k | €2k | ▼ 51.9% |
| Recurring financial income75 | - | - | €2k | €4k | €2k | ▼ 51.9% |
| Financial charges65/66B | €139 | €194 | €210 | €213 | €211 | ▼ 0.6% |
| Recurring financial charges65 | €139 | €194 | €210 | €213 | €211 | ▼ 0.6% |
| Profit (loss) for the period before taxes9903 | €-7k | €-10k | €16k | €13k | €12k | ▼ 5.1% |
| Income taxes67/77 | €55 | - | €3k | €4k | €4k | ▼ 8.1% |
| Profit (loss) for the period9904 | €-7k | €-10k | €13k | €9k | €8k | ▼ 3.7% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €-10k | €13k | €9k | €8k | ▼ 3.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €305k | €294k | €318k | €333k | €339k | ▲ 1.9% |
| Fixed assets21/28 | €56k | €52k | €80k | €74k | €83k | ▲ 11.5% |
| Tangible fixed assets22/27 | €56k | €52k | €80k | €74k | €83k | ▲ 11.5% |
| Land and buildings22 | €55k | €52k | €80k | €74k | €81k | ▲ 8.7% |
| Plant, machinery and equipment23 | - | - | €0 | €0 | €2k | - |
| Furniture and vehicles24 | €1k | €710 | €139 | €0 | - | - |
| Current assets29/58 | €249k | €242k | €238k | €258k | €256k | ▼ 0.8% |
| Stocks and contracts in progress3 | €7k | €7k | €7k | €7k | €7k | = |
| Stocks30/36 | €7k | €7k | €7k | €7k | €7k | = |
| Amounts receivable within one year40/41 | - | €19 | €0 | - | - | - |
| Trade receivables40 | - | €19 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €242k | €234k | €230k | €245k | €242k | ▼ 1.3% |
| Deferred charges and accrued income490/1 | - | €242 | €840 | €6k | €7k | ▲ 21.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €305k | €294k | €318k | €333k | €339k | ▲ 1.9% |
| Equity10/15 | €287k | €277k | €290k | €298k | €307k | ▲ 2.8% |
| Contributions10/11 | €186k | €186k | €186k | €186k | €186k | = |
| Capital10 | €186k | €186k | €186k | €186k | €186k | = |
| Issued capital100 | €186k | €186k | €186k | €186k | €186k | = |
| Reserves13 | €19k | €19k | €104k | €112k | €121k | ▲ 7.4% |
| Non-distributable reserves130/1 | €19k | €19k | €19k | €19k | €19k | = |
| Legal reserve130 | €19k | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | - | - | €85k | €94k | €102k | ▲ 8.9% |
| Profit (loss) carried forward14 | €82k | €72k | €0 | - | - | - |
| Amounts payable17/49 | €19k | €18k | €28k | €35k | €33k | ▼ 5.5% |
| Amounts payable after more than one year17 | €2k | €2k | €2k | €2k | €2k | = |
| Other amounts payable178/9 | €2k | €2k | €2k | €2k | €2k | = |
| Amounts payable within one year42/48 | €12k | €12k | €23k | €30k | €28k | ▼ 6.7% |
| Trade debts44 | €8k | €10k | €8k | €12k | €11k | ▼ 7.7% |
| Suppliers440/4 | €8k | €10k | €8k | €12k | €11k | ▼ 7.7% |
| Taxes, remuneration and social security45 | €3k | - | €3k | €4k | €7k | ▲ 93.5% |
| Taxes450/3 | €3k | - | €3k | €4k | €7k | ▲ 93.5% |
| Other amounts payable47/48 | €1k | €2k | €12k | €14k | €9k | ▼ 32.3% |
| Accrued charges and deferred income492/3 | €4k | €3k | €3k | €3k | €3k | ▲ 2.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €-10k | €13k | €9k | €8k | ▼ 3.7% |
| + Depreciation and write-downs630 | €3k | €3k | €5k | €5k | €5k | ▼ 0.7% |
| Operating cash flow (approximation) | €-4k | €-7k | €18k | €14k | €14k | ▼ 2.5% |
| Investment in fixed assets (approximation) | - | €0 | €-32k | €0 | €-14k | - |
| Change in cash | - | €-8k | €-4k | €15k | €-3k | ▼ 122% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 22.52
Current ratio from 11.21 to 22.52; short-term debt falls from €22k to €11k.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Voeren · 1 establishment unit since 1990
Ground area
1,414 m²
Building footprint
373 m²
Volume, LiDAR
1,948 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Berneauweg 163, 3798 Voeren
since 19902.042.328.565
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73075A1215/00D000 | Flanders | 1,026 m² | 1 · 137 m² | 7.9 m · 2 fl. |
| 73075A0831/00B000 | Flanders | 388 m² | 1 · 236 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded11-01-1989
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.