SO DISTRIBUTION

Active

Private limited company (pre-2019)founded 20197 yrs activePaul De Mertenlaan 10, 1090 Jette, BelgiumKBO/BCE: BE 0721.986.143

The computed 12-month bankruptcy probability of SO DISTRIBUTION is 8.6% (elevated). The 2024 annual accounts show equity of €21k and a net result of €-193. Equity is growing by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 74% of 6714 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

65 / 100

Healthy▼ -21 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency83▼-7

Growth42▼-17

Stability100

Bankruptcy probability, 12 months

8.6% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity tight (current ratio 1.29 against 1.89 in 2023), and 37.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

62.6%

Return on assets

-0.6%

Age of the figures

20 mo

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

84 d late

2023

61 d late

2022

61 d late

2021

78 d late

2019

292 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

€19k▲ 24.2%

2021 · €16k

2019: €21k 2021: €16k

2019 → 2022

EBIT margin

8.3%▲ 0.2pp

2021 · 8.1%

2019: 0.9% 2021: 8.1%

2019 → 2022

Net result

€-193

2023 · €8k

2019: €97 2021: €1k 2022: €1k 2023: €8k

2019 → 2024

Working capital

€4k▼ 82.6%

2023 · €22k

2019: €6k 2021: €12k 2022: €13k 2023: €22k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192021202220232024Trend

Turnover€21k-€16k▼ 24.8%€19k▲ 24.2%

Equity€6k-€12k▲ 89.4%€13k▲ 11.7%€22k▲ 60.9%€21k▼ 0.9%

Operating result€182-€1k▲ 603%€2k▲ 26.9%€8k▲ 407%€-124

Net result€97-€1k▲ 1,099%€1k▲ 21.5%€8k▲ 482%€-193

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €124 after €8k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €34k

51.6%

48.4%

Fixed assets €18k

Current assets €17k

Equity and liabilities €34k

62.6%

37.4%

Equity €21k▼ 0.9%

Debt €13k▼ 47.1%

The debt ratio falls from 52.8% to 37.4%: debt falls faster than equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€7k

Cash flow

€7k

Solvency

62.6%▲

2023 · 47.2%

Current ratio

1.29▼

2023 · 1.89

Quick ratio

1.29▼

2023 · 1.89

Debt / equity

0.60▼

2023 · 1.12

ROE

-0.9%▼

2023 · 37.8%

ROA

-0.6%▼

2023 · 17.9%

Interest coverage

98.41

Debt

€13k▼

2023 · €24k

Debt ≤ 1 year

€13k▼

2023 · €24k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€46k€34k▼

Fixed assets21/28-€18k

Tangible fixed assets22/27-€18k

Furniture and vehicles24-€18k

Current assets29/58€46k€17k▼

Amounts receivable within one year40/41€41k€14k▼

Trade receivables40€34k€14k▼

Other amounts receivable41€7k-

Cash at bank and in hand54/58€5k€3k▼

Equity and liabilities

Total equity and liabilities10/49€46k€34k▼

Equity10/15€22k€21k▼

Contributions10/11€6k€6k=

Reserves13€289€289=

Non-distributable reserves130/1€289€289=

Reserves not available under the articles1311€289€289=

Profit (loss) carried forward14€15k€15k▼

Amounts payable17/49€24k€13k▼

Amounts payable within one year42/48€24k€13k▼

Trade debts44€19k€9k▼

Suppliers440/4€19k€9k▼

Taxes, remuneration and social security45€5k€1k▼

Taxes450/3€3k€629▼

Remuneration and social security454/9€2k€522▼

Other amounts payable47/48-€2k

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€7k

Other operating charges640/8€58€1k▲

Gross operating margin9900€8k€8k▼

Operating profit (loss)9901€8k€-124▼

Financial charges65/66B€35€68▲

Recurring financial charges65€35€68▲

Profit (loss) for the period before taxes9903€8k€-193▼

Profit (loss) for the period9904€8k€-193▼

Profit (loss) for the period to be appropriated9905€8k€-193▼

Appropriation of the result

Profit (loss) to be appropriated9906€15k€15k▼

Profit (loss) brought forward from the previous period14P€7k€15k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

2025

23-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 84 days late

2024

31-12

Financial Weakest financial yearnet €-193 ▼102%

Net result drops to €-193, the lowest in the series.

30-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 61 days late

2023

31-12

Financial Highest result since 2019net €8k ▲482%

Operating result €8k, net result €8k, both a record.

30-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 61 days late

2022

17-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 78 days late

2021

31-12

Financial Liquidity times 7current ratio 13.25

Current ratio from 1.85 to 13.25; short-term debt falls from €8k to €983.

19-05

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 292 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

9 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, Jette · 2 establishment units since 2019

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Paul De Mertenlaan 101090 Jette

Ground area

515 m²

Building footprint

362 m²

Volume, LiDAR

3,287 m³

2 parcels, Brussels, Flanders · tallest building 15.8 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

Mechelsestraat 8, 1840 Londerzeel

Land transport and transport via pipelines

since 20192.287.274.747

SO DISTRIBUTION

Paul De Mertenlaan 10, 1090 JetteLand transport and transport via pipelines

since 20232.355.386.464

2 parcels

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23045E0033/00B000	Flanders	279 m²	1 · 230 m²	10.1 m · 3 fl.
21464E0001/00N015	Brussels	236 m²	1 · 133 m²	15.8 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

TAXI AIRPORT ZAVENTEM

Gavin Colyns Solutions

Of 6,625 companies in sector 49330 we hold annual accounts for 2,254. 1,959 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded07-03-2019

Fiscal year end31-12

Activities, NACEBEL

49320Taxi operation

49330On-demand passenger transport by chauffeured vehicle

47811Retail sale of cars and light vans (up to 3.5 tonnes)

49310Scheduled passenger transport by road

49410Freight transport by road

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.