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So Elle

Active
Private limited companyfounded 20233 yrs activeGeorges Spelierlaan 70, 2950 Kapellen, BelgiumKBO/BCE: BE 0805.859.469
Summary

So Elle has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,055 and a net result of €28,758. Its solvency ranks better than 36% of 7833 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+65
Solvency58▲+21
Growth78
Track record94
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 0.31 in 2024; short-term debt: 65.6% and cash: 12.9% of total assets), and 66.7% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 03-11-2025, 3 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 · 2 filings
Deviation from the deadline
2025
3 d late
2024
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
neutral · 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

History

On 14 September 2023, So Elle was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€16,055▲ 599%
2024 · €2,297
Total assets
€48,145▲ 141%
2024 · €19,948
Net result
€28,758
2024 · -€203
Working capital
€3,554
2024 · -€12,109
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Line20242025
Operating result€74-€33,162▲ 44,755%
Net result-€203within the sector's middle half-€28,758within the sector's middle half
Equity€2,297below the sector's middle half-€16,055within the sector's middle half▲ 599%
Total assets€19,948below the sector's middle half-€48,145below the sector's middle half▲ 141%
Debt€17,651-€32,090▲ 81.8%
Working capital-€12,109below the sector's middle half-€3,554within the sector's middle half
Solvency11.5%below the sector's middle half-33.3%within the sector's middle half▲ 21.8pp
Current ratio0.31below the sector's middle half-1.11within the sector's middle half▲ 0.80
Return on assets (ROA)-1.0%below the sector's middle half-59.7%above the sector's middle half▲ 60.7pp
above within below the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000€30,000Operating result 2024: €74€74Net result 2024: -€203-€203Operating result 2025: €33,162€33,162Net result 2025: €28,758€28,75820242025-€10,000€0€10,000€20,000€30,000Operating result 2024: €74€74Net result 2024: -€203-€203Operating result 2025: €33,162€33,200Net result 2025: €28,758€28,80020242025
The operating result rises in 2025; 2025 is 44,755% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47,095
Fixed assets €11,937 ▼ 8.6%
Current assets €35,158 ▲ 534%
Equity and liabilities €48,145
Equity €16,055 ▲ 599%
Debt €32,090 ▲ 81.8%
Debt's share of the balance-sheet total falls from 88.5% to 66.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€38,728▲
2024 · €2,662
Cash flow
€34,324▲
2024 · €2,386
Debt to equity
2.00▼
2024 · 7.68
ROE
179.1%▲
2024 · -8.8%
Interest coverage
272.00
Debt ≤ 1 year
€31,604▲
2024 · €17,651
Income taxes
€4,475▲
2024 · €282
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€19,948€48,145▲
Formation expenses20€1,352€1,049▼
Fixed assets21/28€13,054€11,937▼
Tangible fixed assets22/27€13,054€11,937▼
Land and buildings22-€4,043
Furniture and vehicles24€13,054€7,895▼
Current assets29/58€5,541€35,158▲
Amounts receivable within one year40/41€3,577€28,969▲
Trade receivables40€3,335€6,415▲
Other amounts receivable41€242€22,554▲
Cash at bank and in hand54/58€1,964€6,189▲
Equity and liabilities
Total equity and liabilities10/49€19,948€48,145▲
Equity10/15€2,297€16,055▲
Contributions10/11€2,500€2,500=
Reserves13-€13,555
Distributable reserves133-€13,555
Profit (loss) carried forward14-€203-
Amounts payable17/49€17,651€32,090▲
Amounts payable within one year42/48€17,651€31,604▲
Financial debts43-€56
Credit institutions430/8-€56
Trade debts44€1,851€2,843▲
Suppliers440/4€1,851€2,843▲
Taxes, remuneration and social security45€282€13,706▲
Taxes450/3€282€11,706▲
Remuneration and social security454/9-€2,000
Other amounts payable47/48€15,517€15,000▼
Accrued charges and deferred income492/3-€485
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,588€5,566▲
Other operating charges640/8€554€1,928▲
Gross operating margin9900€3,216€40,656▲
Operating profit (loss)9901€74€33,162▲
Financial income75/76B€6€213▲
Recurring financial income75€6€213▲
Financial charges65/66B-€142
Recurring financial charges65-€142
Profit (loss) for the period before taxes9903€80€33,233▲
Income taxes67/77€282€4,475▲
Profit (loss) for the period9904-€203€28,758▲
Profit (loss) for the period to be appropriated9905-€203€28,758▲
Appropriation of the result
Profit (loss) to be appropriated9906-€203€28,555▲
Profit (loss) brought forward from the previous period14P--€203
Transfer to equity691/2-€13,555
To other reserves6921-€13,555
Profit to be distributed694/7-€15,000
Directors or managers695-€15,000

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

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,588€5,566▲ 115%
Other operating charges640/8€554€1,928▲ 248%
Gross operating margin9900€3,216€40,656▲ 1,164%
Operating profit (loss)9901€74€33,162▲ 44,755%
Financial income75/76B€6€213▲ 3,681%
Recurring financial income75€6€213▲ 3,681%
Financial charges65/66B-€142-
Recurring financial charges65-€142-
Profit (loss) for the period before taxes9903€80€33,233▲ 41,665%
Income taxes67/77€282€4,475▲ 1,485%
Profit (loss) for the period9904-€203€28,758▲ 14,286%
Profit (loss) for the period to be appropriated9905-€203€28,758▲ 14,286%
Line20242025Change
Assets
Total assets20/58€19,948€48,145▲ 141%
Formation expenses20€1,352€1,049▼ 22.4%
Fixed assets21/28€13,054€11,937▼ 8.6%
Tangible fixed assets22/27€13,054€11,937▼ 8.6%
Land and buildings22-€4,043-
Furniture and vehicles24€13,054€7,895▼ 39.5%
Current assets29/58€5,541€35,158▲ 534%
Amounts receivable within one year40/41€3,577€28,969▲ 710%
Trade receivables40€3,335€6,415▲ 92.4%
Other amounts receivable41€242€22,554▲ 9,219%
Cash at bank and in hand54/58€1,964€6,189▲ 215%
Equity and liabilities
Total equity and liabilities10/49€19,948€48,145▲ 141%
Equity10/15€2,297€16,055▲ 599%
Contributions10/11€2,500€2,500=
Reserves13-€13,555-
Distributable reserves133-€13,555-
Profit (loss) carried forward14-€203--
Amounts payable17/49€17,651€32,090▲ 81.8%
Amounts payable within one year42/48€17,651€31,604▲ 79.1%
Financial debts43-€56-
Credit institutions430/8-€56-
Trade debts44€1,851€2,843▲ 53.6%
Suppliers440/4€1,851€2,843▲ 53.6%
Taxes, remuneration and social security45€282€13,706▲ 4,755%
Taxes450/3€282€11,706▲ 4,047%
Remuneration and social security454/9-€2,000-
Other amounts payable47/48€15,517€15,000▼ 3.3%
Accrued charges and deferred income492/3-€485-
Line20242025Change
Profit (loss) for the period9904-€203€28,758▲ 14,286%
+ Depreciation and write-downs630€2,588€5,566▲ 115%
Operating cash flow (approximation)€2,386€34,324▲ 1,339%
Investment in fixed assets (approximation)--€4,449-
Change in cash-€4,225-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
03-11
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
31-03
Financial Back to profitnet €28,758
Net result €28,758 after one loss-making year.
31-03
Financial Liquidity quadruplescurrent ratio 1.11
Current ratio from 0.31 to 1.11.
2024
29-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Kapellen · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
4,378 m²
Building footprint
240 m²
Volume, LiDAR
1,754 m³
Parcel 11023I0140/00N000, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
So Elle
Georges Spelierlaan 70, 2950 KapellenAgents in non-specialised wholesale trade
since 20232.351.064.422
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11023I0140/00N000 Flanders 4,378 m² 1 · 240 m² 11.2 m · 2 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Kapellen (Antw.)2.351.064.422
2 permissions
Detailhandel mengvoeders vee · since 01-12-2025
Detailhandelaar voedermiddelen · since 01-12-2025

Similar companies · same sector, comparable size

Of 11,218 companies in sector 82100 we hold annual accounts for 3,516. 2,115 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
Founded14-09-2023
Fiscal year end31-03
Activities, NACEBEL 2025
82100Office administrative and support services
46190Agents in non-specialised wholesale trade
47713Retail trade
73110Advertising agencies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0805859469
Also 9925:BE0805859469
Registered 14-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.