SO Projects
Annual accounts 2025
micro format, filed on 23-07-2026, 8 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €66,000. Estimated: probably between €31,000 and €130,000.
Balance sheet
balance sheet total €89,061 on 31-12-2025in euro
in euro
Position in the sector
68.1%
Higher than 63% of 39,368 companies in 2025.
2.38
Higher than 55% of 38,051 companies in 2025.
4.0%
Higher than 29% of 38,523 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
89,061 | 128,913 | 113,992 | 119,492 | 104,517 | 154,907 | 111,174 | |
21/28 |
21,334 | 29,303 | 23,839 | 20,436 | 26,071 | 28,281 | 36,803 | |
22/27 |
21,334 | 29,303 | 23,839 | 20,436 | 26,071 | 28,281 | 36,803 | |
24 |
3,118 | 5,809 | 8,657 | 6,374 | 11,234 | 11,104 | 17,006 | |
26 |
18,217 | 23,494 | 15,182 | 14,062 | 14,836 | 17,177 | 19,797 | |
29/58 |
67,727 | 99,610 | 90,153 | 99,056 | 78,446 | 126,626 | 74,371 | |
3 |
- | - | - | 0 | 6,255 | - | - | |
30/36 |
- | - | - | 0 | 6,255 | - | - | |
40/41 |
18,225 | 22,371 | 23,724 | 44,589 | 37,402 | 47,131 | 31,725 | |
40 |
2,877 | 14,363 | 22,748 | 44,589 | 37,402 | 47,131 | 31,449 | |
41 |
15,348 | 8,008 | 976 | - | - | 0 | 276 | |
54/58 |
49,502 | 67,139 | 63,170 | 48,969 | 34,008 | 78,736 | 41,817 | |
490/1 |
0 | 10,100 | 3,260 | 5,498 | 781 | 759 | 829 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
89,061 | 128,913 | 113,992 | 119,492 | 104,517 | 154,907 | 111,174 | |
10/15 |
60,657 | 100,078 | 90,026 | 67,045 | 48,279 | 55,838 | 52,122 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | |
13 |
53,910 | 93,360 | 83,310 | 60,560 | 48,560 | 48,560 | 44,860 | |
130/1 |
- | - | - | 0 | 1,860 | 1,860 | - | |
130 |
- | - | - | - | - | - | 1,860 | |
1311 |
- | - | - | 0 | 1,860 | 1,860 | - | |
133 |
53,910 | 93,360 | 83,310 | 60,560 | 46,700 | 46,700 | 43,000 | |
14 |
547 | 518 | 516 | 285 | -6,481 | 1,078 | 1,062 | |
17/49 |
28,405 | 28,835 | 23,966 | 52,446 | 56,238 | 99,069 | 59,053 | |
17 |
- | - | - | 0 | 7,375 | 11,525 | 15,628 | |
170/4 |
- | - | - | 0 | 7,375 | 11,525 | 15,628 | |
42/48 |
28,405 | 28,835 | 21,977 | 52,446 | 48,863 | 87,544 | 43,424 | |
42 |
- | - | - | 0 | 4,150 | 4,103 | 4,057 | |
44 |
1,287 | 310 | 1,862 | 32,287 | 15,782 | 40,858 | 6,664 | |
440/4 |
1,287 | 310 | 1,862 | 32,287 | 15,782 | 40,858 | 6,664 | |
45 |
12,731 | 11,855 | 9,868 | 14,540 | 21,044 | 34,042 | 29,950 | |
450/3 |
12,731 | 11,855 | 9,868 | 12,240 | 17,044 | 28,562 | 22,239 | |
454/9 |
- | - | 0 | 2,300 | 4,000 | 5,480 | 7,712 | |
47/48 |
14,388 | 16,671 | 10,247 | 5,619 | 7,888 | 8,541 | 2,752 | |
492/3 |
- | 0 | 1,989 | - | - | - | - | |
| Income statement | ||||||||
76A |
- | - | 0 | 12,827 | - | - | - | |
9900 |
14,278 | 21,229 | 37,418 | 31,902 | 1,493 | 15,865 | 80,894 | |
630 |
7,968 | 6,575 | 5,511 | 5,349 | 8,497 | 8,952 | 17,639 | |
640/8 |
544 | 878 | 816 | 883 | 925 | 1,068 | 1,149 | |
9901 |
5,766 | 13,777 | 31,092 | 25,670 | -7,928 | 5,845 | 62,106 | |
75/76B |
42 | 0 | 0 | 168 | 644 | 340 | 185 | |
75 |
42 | 0 | 0 | 168 | 644 | 340 | 185 | |
65/66B |
111 | 617 | 63 | 321 | 166 | 371 | 287 | |
65 |
111 | 617 | 63 | 321 | 166 | 371 | 287 | |
9903 |
5,697 | 13,160 | 31,028 | 25,517 | -7,450 | 5,814 | 62,004 | |
67/77 |
2,118 | 3,109 | 8,048 | 6,750 | 110 | 2,097 | 16,083 | |
9904 |
3,579 | 10,051 | 22,981 | 18,767 | -7,560 | 3,717 | 45,922 | |
9905 |
3,579 | 10,051 | 22,981 | 18,767 | -7,560 | 3,717 | 45,922 | |
| Appropriation of the result | ||||||||
9906 |
4,097 | 10,568 | 23,266 | 12,285 | -6,481 | 4,778 | 45,922 | |
14P |
518 | 516 | 285 | -6,481 | 1,078 | - | - | |
791/2 |
43,000 | - | - | - | - | - | - | |
691/2 |
3,550 | 10,050 | 22,750 | 12,000 | 0 | 3,700 | 44,860 | |
6920 |
- | - | - | - | - | 0 | 1,860 | |
6921 |
3,550 | 10,050 | 22,750 | 12,000 | 0 | 3,700 | 43,000 | |
694/7 |
43,000 | - | - | - | - | - | - | |
694 |
43,000 | - | - | - | - | - | - | |
| Document | ||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.
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 | micro format | 23-07-2026 | 2026-00328970 | |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00311395 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00316817 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00279609 | |
| 31-12-2021 | micro format | 20-07-2022 | 2022-20207237 | |
| 31-12-2020 | micro format | 15-07-2021 | 2021-35700451 | |
| 31-12-2019 | micro format | 29-07-2020 | 2020-35700399 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 13,734 | 20,352 | 36,602 | 31,020 | 568 | 14,797 | 79,745 | ||
| 11,547 | 16,626 | 28,491 | 24,116 | 937 | 12,669 | 63,560 | ||
| 0 | 12,039 | 8,914 | 4,887 | 6,286 | 0 | 52,322 | ||
| -17,637 | 3,969 | 14,201 | 14,961 | -44,728 | 36,919 | - | ||
| 39,322 | 70,775 | 68,176 | 46,610 | 29,583 | 39,082 | 30,947 | ||
| 68.1% | 77.6% | 79.0% | 56.1% | 46.2% | 36.0% | 46.9% | ||
| 2.38 | 3.45 | 4.10 | 1.89 | 1.61 | 1.45 | 1.71 | ||
| 2.38 | 3.45 | 4.10 | 1.89 | 1.48 | 1.45 | 1.71 | ||
| 0.47 | 0.29 | 0.27 | 0.78 | 1.16 | 1.77 | 1.13 | ||
| 5.9% | 10.0% | 25.5% | 28.0% | -15.7% | 6.7% | 88.1% | ||
| 4.0% | 7.8% | 20.2% | 15.7% | -7.2% | 2.4% | 41.3% | ||
| over 100 | 32.97 | over 100 | 96.56 | 3.43 | - | - |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €12,039 | €8,914 | €4,887 | €6,286 |
| €7,968 | €6,575 | €5,511 | €5,349 | €8,497 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SO Projects
The operating result for 2025 is 58% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 22.4% to 31.9%. Equity and debt are lower.