So-Easy
ActiveSummary
The computed 12-month bankruptcy probability of So-Easy is 2.2% (moderate). The 2025 annual accounts show negative equity (-€41,135) and a net result of €4,962. Equity is shrinking by ~9% per year across the filed fiscal years. Its solvency ranks better than 5% of 28281 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+90
Solvency0=
Growth51▲+16
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.41 against 0.25 in 2024; short-term debt: 240.7% and cash: 4.4% of total assets), and equity is negative.
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Signals
Six 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 →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-140.7%
Return on assets
17%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 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 · 10 filingsDeviation from the deadline
2025
40 d late
2024
68 d late
2023
9 d early
2022
65 d late
2021
101 d late
2020
84 d late
2019
73 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 60 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 4 October (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€90,639▼ 19.1%
2023 · €112,046
EBIT margin
-10.6%▲ 4.9pp
2023 · -15.5%
Net result
€4,962
2024 · -€10,496
Working capital
-€41,833▲ 9.3%
2024 · -€46,097
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€104,149▲ 21.9%€116,486▲ 11.8%€112,046▼ 3.8%€90,639▼ 19.1%
Operating result€4,445▼ 44.3%€394▼ 91.1%-€17,398-€9,622▲ 44.7%€6,010
Net result€3,713within the sector's middle half▼ 31.8%-€400below the sector's middle half-€18,359below the sector's middle half▼ 4,490%-€10,496below the sector's middle half▲ 42.8%€4,962within the sector's middle half
EBIT margin4.3%▼ 5.1pp0.3%▼ 3.9pp-15.5%▼ 15.9pp-10.6%▲ 4.9pp
Equity-€16,843below the sector's middle half▲ 18.1%-€17,242below the sector's middle half▼ 2.4%-€35,602below the sector's middle half▼ 106%-€46,097below the sector's middle half▼ 29.5%-€41,135below the sector's middle half▲ 10.8%
Total assets€13,482below the sector's middle half▲ 13.2%€23,645below the sector's middle half▲ 75.4%€22,248below the sector's middle half▼ 5.9%€15,686below the sector's middle half▼ 29.5%€29,229below the sector's middle half▲ 86.3%
Debt€30,325▼ 6.6%€40,887▲ 34.8%€57,850▲ 41.5%€61,783▲ 6.8%€70,364▲ 13.9%
Working capital-€16,843below the sector's middle half▲ 18.1%-€17,242below the sector's middle half▼ 2.4%-€37,274below the sector's middle half▼ 116%-€46,097below the sector's middle half▼ 23.7%-€41,833below the sector's middle half▲ 9.3%
Solvency-124.9%below the sector's middle half▲ 47.7pp-72.9%below the sector's middle half▲ 52.0pp-160.0%below the sector's middle half▼ 87.1pp-293.9%below the sector's middle half▼ 133.9pp-140.7%below the sector's middle half▲ 153.2pp
Current ratio0.44below the sector's middle half▲ 0.080.58below the sector's middle half▲ 0.130.36below the sector's middle half▼ 0.220.25below the sector's middle half▼ 0.100.41below the sector's middle half▲ 0.15
Return on assets (ROA)27.5%above the sector's middle half▼ 18.2pp-1.7%below the sector's middle half▼ 29.2pp-82.5%below the sector's middle half▼ 80.8pp-66.9%below the sector's middle half▲ 15.6pp17.0%within the sector's middle half▲ 83.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6,010 after a loss of €9,622 in 2024, the highest result in the available series.
Balance-sheet composition
Assets €29,229
Fixed assets
€698
Current assets
€28,532
Key figures and ratios
EBITDA
€6,386▲
2024 · -€7,950
Cash flow
€5,338▲
2024 · -€8,823
Debt to equity
-1.71▼
2024 · -1.34
Interest coverage
6.10▲
2024 · -9.10
Debt ≤ 1 year
€70,364▲
2024 · €61,783
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,632 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €104,149 | €116,486 | €112,046 | €90,639 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €99,705 | €115,363 | €126,573 | €98,034 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,672 | €1,672 | €376 | ▼ 77.5% |
| Other operating charges640/8 | €1,236 | €729 | €1,198 | €555 | €1,720 | ▲ 210% |
| Gross operating margin9900 | €5,681 | €1,123 | -€14,527 | -€7,395 | €8,105 | ▲ 210% |
| Operating profit (loss)9901 | €4,445 | €394 | -€17,398 | -€9,622 | €6,010 | ▲ 162% |
| Financial charges65/66B | €732 | €794 | €962 | €873 | €1,048 | ▲ 19.9% |
| Recurring financial charges65 | €732 | €794 | €962 | €873 | €1,048 | ▲ 19.9% |
| Profit (loss) for the period before taxes9903 | €3,713 | -€400 | -€18,359 | -€10,496 | €4,962 | ▲ 147% |
| Profit (loss) for the period9904 | €3,713 | -€400 | -€18,359 | -€10,496 | €4,962 | ▲ 147% |
| Profit (loss) for the period to be appropriated9905 | €3,713 | -€400 | -€18,359 | -€10,496 | €4,962 | ▲ 147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,482 | €23,645 | €22,248 | €15,686 | €29,229 | ▲ 86.3% |
| Fixed assets21/28 | - | €0 | €1,672 | €0 | €698 | - |
| Tangible fixed assets22/27 | €0 | €0 | €1,672 | €0 | €698 | - |
| Plant, machinery and equipment23 | - | €0 | €0 | €0 | €698 | - |
| Furniture and vehicles24 | - | €0 | €1,672 | €0 | - | - |
| Current assets29/58 | €13,482 | €23,645 | €20,576 | €15,686 | €28,532 | ▲ 81.9% |
| Amounts receivable within one year40/41 | €10,274 | €22,371 | €19,302 | €15,160 | €27,257 | ▲ 79.8% |
| Trade receivables40 | - | €10,514 | €5,662 | €11,110 | €21,439 | ▲ 93.0% |
| Other amounts receivable41 | €10,274 | €11,857 | €13,640 | €4,050 | €5,818 | ▲ 43.6% |
| Cash at bank and in hand54/58 | €3,208 | €1,274 | €1,274 | €525 | €1,274 | ▲ 143% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,482 | €23,645 | €22,248 | €15,686 | €29,229 | ▲ 86.3% |
| Equity10/15 | -€16,843 | -€17,242 | -€35,602 | -€46,097 | -€41,135 | ▲ 10.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Reserves13 | €1,660 | €1,660 | €1,660 | €1,660 | €1,660 | = |
| Non-distributable reserves130/1 | €1,660 | €1,660 | €1,660 | €1,660 | €1,660 | = |
| Legal reserve130 | €1,660 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,660 | €1,660 | €1,660 | = |
| Other1319 | - | €1,660 | - | - | - | - |
| Profit (loss) carried forward14 | -€37,103 | -€37,502 | -€55,862 | -€66,357 | -€61,395 | ▲ 7.5% |
| Amounts payable17/49 | €30,325 | €40,887 | €57,850 | €61,783 | €70,364 | ▲ 13.9% |
| Amounts payable within one year42/48 | €30,325 | €40,887 | €57,850 | €61,783 | €70,364 | ▲ 13.9% |
| Financial debts43 | €1,200 | €9,288 | €2,746 | €0 | €7,863 | - |
| Credit institutions430/8 | €1,200 | - | €2,746 | €0 | €7,863 | - |
| Other loans439 | - | €9,288 | - | - | - | - |
| Trade debts44 | €11,425 | €13,899 | €15,404 | €18,083 | €13,302 | ▼ 26.4% |
| Suppliers440/4 | €11,425 | €13,899 | €15,404 | €18,083 | €13,302 | ▼ 26.4% |
| Other amounts payable47/48 | €17,700 | €17,700 | €39,700 | €43,700 | €49,200 | ▲ 12.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,713 | -€400 | -€18,359 | -€10,496 | €4,962 | ▲ 147% |
| + Depreciation and write-downs630 | - | - | €1,672 | €1,672 | €376 | ▼ 77.5% |
| Operating cash flow (approximation) | €3,713 | -€400 | -€16,687 | -€8,823 | €5,338 | ▲ 161% |
| Investment in fixed assets (approximation) | - | - | -€3,344 | €0 | -€1,074 | - |
| Change in cash | - | -€1,934 | €0 | -€749 | €749 | ▲ 200% |
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
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
2025
31-12
Financial
Back to profitnet €4,962
Net result €4,962 after 3 loss-making years.
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€18,359
Net result drops to -€18,359, the lowest in the series; recovery starts the following year.
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 101 days late
2021
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 84 days late
2020
31-12
Financial
Highest result since 2018net €5,448 ▲122%
Operating result €7,982, net result €5,448, both a record.
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 73 days late
2019
31-12
Financial
Back to profitnet €2,449
Net result €2,449 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Schaarbeek · 1 establishment unit since 2008
Ground area
191 m²
Building footprint
124 m²
Volume, LiDAR
3,141 m³
Parcel 21904B0438/00B003, Brussels · tallest building 27.7 m, ±9 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Rogierlaan 353, 1030 Schaarbeek
since 20082.170.147.445
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0438/00B003 | Brussels | 191 m² | 1 · 124 m² | 27.7 m · 9 fl. |
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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43110Demolition
43120Site preparation
43130Specialised construction activities
43211General electrical installation work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895886060
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.