SO.CONSTRUCT

Active Private limited companyfounded 2007active for 19 yearsRozendaalstraat 69, 8900 YpresKBO/BCE: BE 0893.296.655

SO.CONSTRUCT

Financial year 2025

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Annual accounts 2025

abbreviated format, filed on 14-03-2026, 139 days before the deadline

€804,164

▼ 17.2%

€452,459

▼ 24.5%

€327,013

▼ 22.6%

€1.9m

▲ 7.0%

70.3%

▲ 7.0 percentage points

3.53

▲ 0.87

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.4m. Estimated: probably between €1.1m and €2.3m.

Balance sheet

balance sheet total €3.0m on 31-12-2025

What the company ownsHow it is paid for

in €m

Position in the sector

Compare with sector

70.3%

Higher than 79% of 11,299 companies in 2025.

3.53

Higher than 80% of 10,851 companies in 2025.

11.1%

Higher than 86% of 11,184 companies in 2025.

SO.CONSTRUCT Middle half of the sector 80% of the sector Abbreviated accounts in real estate (NACE 68)

Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter · Staff: top quarter

Staff

€70,440

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2025, nobody joined and 1 person left. Training hours in 2025: 10.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Balance sheet: assets
`20/58`	3.0m	3.2m	3.0m	3.0m	2.6m	2.6m	3.5m	1.9m	1.8m	1.4m	1.7m	1.3m	1.5m	1.7m	1.5m	1.7m	1.4m	1.1m
`21/28`	284,559	363,545	353,457	392,854	495,253	484,569	582,189	452,307	447,881	459,939	532,658	536,534	483,619	584,405	552,026	627,030	634,652	503,915
`22/27`	270,999	349,985	339,897	379,429	481,808	471,124	568,744	438,862	434,436	446,494	516,153	522,954	483,619	584,405	552,026	627,030	634,652	503,915
`22`	180,981	204,107	227,233	250,358	273,484	238,803	257,129	275,455	293,781	312,106	320,864	337,901	354,938	371,975	389,012	406,049	423,087	440,124
`23`	36,991	51,507	66,024	25,415	42,138	75,030	94,839	69,738	87,692	62,480	94,720	42,901	44,031	86,661	80,124	105,550	138,589	3,833
`24`	53,027	94,370	46,641	103,655	166,186	157,291	216,775	93,669	52,964	71,908	100,569	142,152	84,650	125,769	82,890	115,431	72,976	59,958
`28`	13,560	13,560	13,560	13,425	13,445	13,445	13,445	13,445	13,445	13,445	16,505	13,580	-	-	-	-	-	-
`29/58`	2.7m	2.9m	2.7m	2.6m	2.1m	2.1m	2.9m	1.5m	1.4m	954,382	1.1m	789,161	1.0m	1.2m	992,222	1.1m	806,621	613,075
`3`	699,743	528,642	448,006	653,624	522,023	715,284	654,268	614,079	665,398	288,448	531,553	319,922	459,100	547,967	149,545	394,810	210,476	115,628
`30/36`	216,667	224,642	230,506	222,684	231,023	168,784	171,268	168,379	166,486	154,513	118,753	116,273	118,000	116,865	84,030	114,024	97,976	-
`37`	483,075	304,000	217,500	430,940	291,000	546,500	483,000	445,700	498,912	133,935	412,800	203,649	341,100	431,102	65,515	280,786	112,500	115,628
`40/41`	371,166	166,403	330,599	493,498	347,713	506,489	738,661	310,363	525,533	222,903	458,565	335,286	287,601	290,775	634,782	512,924	283,273	333,412
`40`	283,897	89,380	321,415	407,767	291,454	411,878	610,281	245,874	415,622	181,299	437,044	274,165	210,196	211,538	461,463	428,327	213,604	282,789
`41`	87,269	77,023	9,184	85,731	56,259	94,611	128,380	64,489	109,911	41,604	21,521	61,121	77,405	79,237	173,319	84,597	69,669	50,623
`50/53`	829,334	640,265	635,432	429,310	249,221	96,154	6,000	-	-	-	-	-	-	-	-	-	-	-
`54/58`	717,030	1.5m	1.2m	996,519	985,338	741,406	1.4m	525,382	183,488	436,535	144,011	125,197	271,853	309,825	195,532	135,029	300,354	152,729
`490/1`	53,080	47,275	37,248	39,785	31,374	30,410	26,776	15,979	17,014	6,496	8,148	8,756	5,473	5,999	12,363	14,816	12,518	11,305
Balance sheet: equity and liabilities
`10/49`	3.0m	3.2m	3.0m	3.0m	2.6m	2.6m	3.5m	1.9m	1.8m	1.4m	1.7m	1.3m	1.5m	1.7m	1.5m	1.7m	1.4m	1.1m
`10/15`	2.1m	2.0m	1.8m	1.6m	1.3m	1.1m	707,970	393,574	224,923	372,566	217,745	232,177	359,320	338,605	273,431	232,524	175,791	129,254
`10/11`	30,000	30,000	30,000	30,000	30,000	30,000	30,000	30,000	30,000	229,000	229,000	229,000	229,000	30,000	30,000	30,000	30,000	30,000
`100`	-	-	-	-	-	-	30,000	30,000	30,000	229,000	229,000	229,000	229,000	30,000	30,000	30,000	30,000	30,000
`13`	2.0m	2.0m	1.8m	1.6m	1.3m	1.0m	677,150	363,150	194,650	141,650	41,650	41,650	129,650	307,750	242,750	201,750	141,750	98,750
`130/1`	-	-	-	3,000	3,000	3,000	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	3,000	3,000	3,000	22,900	22,900	22,900	22,900	3,000	3,000	3,000	3,000	3,000
`1311`	-	-	-	3,000	3,000	3,000	-	-	-	-	-	-	-	-	-	-	-	-
`132`	20,000	20,000	20,000	20,000	20,000	25,250	38,750	18,750	18,750	18,750	18,750	18,750	18,750	18,750	18,750	18,750	18,750	18,750
`133`	2.0m	2.0m	1.7m	1.5m	1.3m	1.0m	635,400	341,400	172,900	100,000	-	-	88,000	286,000	221,000	180,000	120,000	77,000
`14`	15	2	2	999	994	948	820	424	273	1,916	-52,905	-38,473	670	855	681	774	4,041	504
`17/49`	876,811	1.2m	1.2m	1.4m	1.3m	1.5m	2.7m	1.5m	1.6m	1.0m	1.5m	1.1m	1.1m	1.4m	1.3m	1.5m	1.3m	987,736
`17`	48,225	105,520	171,208	199,459	303,426	306,224	413,483	273,161	266,459	283,811	351,710	356,950	354,145	440,094	427,124	520,909	571,635	472,417
`170/4`	48,225	105,520	171,208	199,459	303,426	306,224	413,483	273,161	266,459	283,811	351,710	356,950	354,145	440,094	427,124	520,909	571,635	472,417
`42/48`	756,671	1.1m	805,902	756,466	877,902	1.2m	1.6m	1.3m	1.3m	713,618	1.1m	736,567	789,496	882,307	843,693	885,818	691,221	515,319
`42`	57,295	65,689	108,869	103,967	116,334	107,259	118,252	76,263	63,728	67,899	81,741	68,852	93,533	87,275	93,785	113,032	97,124	43,479
`43`	-	-	-	-	-	-	-	-	-	-	-	7,575	-	7,619	5,079	5,062	20,247	-
`430/8`	-	-	-	-	-	-	-	-	-	-	-	7,575	-	7,619	5,079	5,062	20,247	-
`44`	493,083	710,648	412,302	393,021	560,937	857,606	1.1m	709,770	731,144	423,547	817,212	557,760	646,210	731,892	672,844	748,247	553,130	459,493
`440/4`	493,083	710,648	412,302	393,021	560,937	857,606	1.1m	709,770	731,144	423,547	817,212	557,760	646,210	731,892	672,844	748,247	553,130	459,493
`45`	90,411	112,479	37,489	65,623	36,024	45,826	43,859	68,755	45,044	18,468	14,020	8,243	9,073	9,482	28,272	18,869	20,194	12,118
`450/3`	90,411	103,655	29,912	56,711	28,242	37,932	33,227	58,427	31,294	7,995	1,016	829	3,576	2,329	20,108	6,463	8,395	4,945
`454/9`	-	8,824	7,578	8,912	7,782	7,894	10,632	10,329	13,749	10,473	13,004	7,414	5,496	7,153	8,164	12,406	11,799	7,173
`47/48`	115,882	187,368	247,242	193,854	164,607	184,800	324,621	396,587	453,218	203,705	175,507	94,137	40,680	46,039	43,713	608	525	230
`492/3`	71,915	2,255	241,666	455,106	111,000	10,000	712,000	-	54,800	44,326	17,000	-	4,685	77,966	-	45,359	2,625	-
Income statement
`76A`	11,414	10,350	-	-	10,259	8,500	49,500	-	-	-	-	60	-	450	-	15,157	-	-
`9900`	804,164	971,512	739,150	774,167	860,935	1.0m	950,206	679,804	500,105	583,913	372,832	242,399	500,104	532,671	569,195	412,652	432,482	398,553
`62`	281,759	284,016	267,835	294,265	348,061	389,502	355,934	315,942	323,097	296,854	256,146	265,473	296,207	300,485	301,679	246,587	238,509	195,427
`630`	54,549	72,143	105,280	102,379	105,485	111,287	141,698	96,854	74,558	90,558	96,801	70,853	100,786	109,721	83,207	68,352	74,782	39,291
`640/8`	15,398	15,967	15,421	12,352	16,169	13,451	14,340	13,313	16,132	12,572	15,041	16,837	16,249	11,893	18,507	8,126	15,393	3,576
`66A`	-	-	-	-	-	-	-	2,570	-	17	-	430	-	-	-	-	-	-
`9901`	452,459	599,387	350,614	365,171	391,220	515,731	438,234	251,124	86,317	183,912	4,844	-110,764	86,862	110,573	165,802	89,586	103,797	160,259
`75/76B`	33,881	39,505	14,974	22,968	21,089	20,042	27,893	12,436	13,073	4,505	2,939	7,127	14,167	18,547	12,531	9,177	8,016	2,796
`75`	33,881	39,505	14,974	22,968	21,089	20,042	27,893	12,436	13,073	4,505	2,939	7,127	14,167	18,547	12,531	9,177	8,016	2,796
`65/66B`	14,023	22,356	13,377	15,106	15,536	15,550	20,744	12,076	18,005	26,897	21,892	22,743	33,845	33,499	31,583	31,766	42,515	23,934
`65`	14,023	22,356	13,377	15,106	15,536	15,550	20,744	12,076	18,005	26,897	21,892	22,743	33,845	33,499	31,583	31,766	42,515	23,934
`9903`	472,317	616,536	352,211	373,033	396,773	520,223	445,383	251,484	81,384	161,520	-14,109	-126,749	67,184	96,070	146,750	82,153	69,298	139,122
`67/77`	145,304	194,221	110,498	117,068	120,777	165,595	130,176	82,833	30,028	6,699	324	394	20,458	30,897	55,843	25,421	22,761	39,868
`9904`	327,013	422,315	241,713	255,965	275,997	354,628	315,208	168,651	51,357	154,821	-14,432	-127,143	46,726	65,174	90,907	56,733	46,538	99,254
`789`	-	-	-	-	5,250	13,500	-	-	-	-	-	-	-	-	-	-	-	-
`689`	-	-	-	-	-	-	20,000	-	-	-	-	-	-	-	-	-	-	18,750
`9905`	327,013	422,315	241,713	255,965	281,247	368,128	295,208	168,651	51,357	154,821	-14,432	-127,143	46,726	65,174	90,907	56,733	46,538	80,504
Appropriation of the result
`9906`	327,015	422,317	242,712	256,959	282,194	368,948	295,632	168,924	53,273	101,916	-52,905	-126,473	47,581	65,855	91,681	60,774	47,041	80,504
`14P`	2	2	999	994	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	294,000	168,500	45,000	-	-	-	-	-	-	-	-	88,000	221,111	-	50,000	-	-	-
`691/2`	327,000	422,315	242,710	255,960	281,200	368,000	294,000	168,500	53,000	100,000	-	-	43,011	65,000	91,000	60,000	43,000	80,000
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	19,900	-	-	-	-	3,000
`6921`	327,000	422,315	242,710	255,960	281,200	368,000	294,000	168,500	53,000	100,000	-	-	23,111	65,000	91,000	60,000	43,000	77,000
`694/7`	294,000	168,500	45,000	-	-	-	812	-	-	-	-	-	225,011	-	50,000	-	-	-
`694`	294,000	168,500	45,000	-	-	-	812	-	-	-	-	-	225,011	-	50,000	-	-	-
Social balance sheet
`9087`	4	4.3	4.1	5	6.3	6.9	6.8	6.3	6.1	5.9	4.3	4.7	5.5	6	6.6	6.2	5.3	4.4
Hours worked`1013`	6,968	7,086	6,815	8,078	10,469	10,012	11,216	9,888	10,876	9,825	7,719	8,398	9,796	10,016	10,685	9,070	8,437	7,268
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 14-03-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	14-03-2026	2026-00055914	PDF
31-12-2024	abbreviated format	01-03-2025	2025-00044051	PDF
31-12-2023	abbreviated format	26-02-2024	2024-00035324	PDF
31-12-2022	abbreviated format	21-02-2023	2023-00030289	PDF
31-12-2021	abbreviated format	02-03-2022	2022-06900425	PDF
31-12-2020	abbreviated format	22-03-2021	2021-08100446	PDF
31-12-2019	abbreviated format	16-03-2020	2020-06800298	PDF
31-12-2018	abbreviated format	03-05-2019	2019-12300215	PDF
31-12-2017	abbreviated format	07-05-2018	2018-12400089	PDF
31-12-2016	abbreviated format	20-04-2017	2017-09600164	PDF
31-12-2015	abbreviated format	03-06-2016	2016-15000447	PDF
31-12-2014	abbreviated format	06-07-2015	2015-27500366	PDF
31-12-2013	abbreviated format	23-06-2014	2014-19900258	PDF
31-12-2012	abbreviated format	20-06-2013	2013-20100125	PDF
31-12-2011	abbreviated format	12-07-2012	2012-28700085	PDF
31-12-2010	abbreviated format	27-06-2011	2011-21300232	PDF
31-12-2009	abbreviated format	28-06-2010	2010-23600247	PDF
31-12-2008	abbreviated format	07-05-2009	2009-14000030	PDF

Subsidies and aid

Flemish government 2023 to 2025, 3 entries, €825 awarded, €809 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€825

Year	Entries	Awarded	Paid
2025	1	€383	€435
2024	1	€256	€188
2023	1	€186	€186

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
507,008	671,529	455,894	467,550	496,705	627,018	579,933	347,978	160,875	274,471	101,645	-39,911	187,648	220,294	249,009	157,938	178,579	199,551
381,563	494,458	346,992	358,344	381,482	465,915	456,906	265,506	125,915	245,380	82,369	-56,290	147,512	174,894	174,115	125,085	121,320	138,545
4,150	82,230	65,883	-20	144,910	13,668	271,580	126,350	62,500	48,916	92,925	150,197	0	142,500	8,203	68,574	205,519	543,206
-765,886	277,610	208,787	11,180	243,932	-707,987	924,010	341,894	-253,047	292,524	18,814	-146,656	-37,972	114,293	60,503	-165,325	147,624	-
1.9m	1.8m	1.9m	1.9m	1.3m	894,252	1.3m	214,429	98,301	240,764	53,796	52,593	234,531	272,260	148,529	171,762	115,400	97,756
70.3%	63.3%	59.5%	53.1%	50.9%	41.3%	20.5%	20.5%	12.2%	26.3%	13.0%	17.5%	23.8%	19.5%	17.7%	13.8%	12.2%	11.6%
3.53	2.66	3.30	3.45	2.43	1.75	1.77	1.17	1.08	1.34	1.05	1.07	1.30	1.31	1.18	1.19	1.17	1.19
2.60	2.17	2.74	2.59	1.84	1.15	1.37	0.68	0.56	0.93	0.56	0.64	0.72	0.69	1.00	0.75	0.86	0.97
0.42	0.58	0.68	0.88	0.97	1.42	3.88	3.87	7.18	2.80	6.69	4.71	3.20	4.14	4.65	6.24	7.20	7.64
15.7%	20.7%	13.5%	16.1%	20.6%	33.4%	44.5%	42.9%	22.8%	41.6%	-6.6%	-54.8%	13.0%	19.2%	33.2%	24.4%	26.5%	76.8%
11.1%	13.1%	8.0%	8.5%	10.5%	13.8%	9.1%	8.8%	2.8%	10.9%	-0.9%	-9.6%	3.1%	3.7%	5.9%	3.4%	3.2%	8.9%
36.15	30.04	34.08	30.95	-	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022
Employees at the balance-sheet date	4	5	4	5
full-time	4	5	4	5
in full-time equivalents	4	5	4	5
	4	4.3	4.1	5
On a permanent contract	4	5	4	5
Joined	0	1	0	-
Left	1	0	1	-
Training hours	10	10	-	-

Source: social balance sheet in the 2022 to 2025 annual accounts

Securities and guarantees

on own assets and for others

Item	2025	2024	2023	2022
Debts secured on the company's own assets	€105,592	€171,208	€280,077	€303,426
Mortgages, amount registered	€220,000	€220,000	€220,000	€220,000
	€330,000	€330,000	€330,000	€330,000
Carrying value of the mortgaged assets	€150,494	€167,531	€184,568	€201,605

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2025	2024	2023	2022
Tangible fixed assets	€4,150	€82,230	€65,748	-
Financial fixed assets	-	-	€135	-
	€54,549	€72,143	€105,280	€102,379

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on SO.CONSTRUCT

The operating result for 2025 is 25% lower than in 2024.

Debt's share of the balance-sheet total falls from 36.7% to 29.7%. Equity is higher and debt is lower.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency70.3%

Current ratio3.53

Return on assets11.1%

Staff

Staff cost per FTE€70,440

Joined and left-1 person

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2023 to 2025, 3 entries, €825 awarded, €809 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on SO.CONSTRUCT

Next steps

in €m

in €m

70.3%

3.53

11.1%

€70,440

-1 person