So Yes
ActiveSummary
So Yes has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,394 and a net result of €619. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-9
Solvency64▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.5 against 1.53 in 2024; short-term debt: 60.9% and cash: 14.1% of total assets), but 60.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 14
Relative position
BE, all sectors
reference
Manufacture of wearing apparel (NACE 14)
about 12% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.1%
Return on assets
0.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 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 · 9 filingsDeviation from the deadline
2025
59 d late
2024
23 d late
2023
75 d early
2022
5 d late
2021
47 d early
2020
39 d early
2019
52 d early
← 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 18 days before the deadline; the sector median for financial year 2024 is 6 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 5 August (4 of the last 5 filed years within 54 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€42,394▲ 1.5%
2024 · €41,775
Total assets
€108,325▼ 10.1%
2024 · €120,505
Net result
€619▼ 6.6%
2024 · €662
Working capital
€33,221▼ 20.5%
2024 · €41,775
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 14, Manufacture of wearing apparel, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31,361€5,926▼ 81.1%€3,942▼ 33.5%€3,974▲ 0.8%€3,071▼ 22.7%
Net result€23,016above the sector's middle half€2,425within the sector's middle half▼ 89.5%€483within the sector's middle half▼ 80.1%€662within the sector's middle half▲ 37.3%€619within the sector's middle half▼ 6.6%
Equity€38,206within the sector's middle half▲ 152%€40,631within the sector's middle half▲ 6.3%€41,113within the sector's middle half▲ 1.2%€41,775within the sector's middle half▲ 1.6%€42,394within the sector's middle half▲ 1.5%
Total assets€108,763within the sector's middle half▲ 54.3%€110,052within the sector's middle half▲ 1.2%€104,077within the sector's middle half▼ 5.4%€120,505within the sector's middle half▲ 15.8%€108,325within the sector's middle half▼ 10.1%
Debt€70,557▲ 27.6%€69,422▼ 1.6%€62,964▼ 9.3%€78,730▲ 25.0%€65,931▼ 16.3%
Working capital€16,831within the sector's middle half▼ 27.4%€28,256within the sector's middle half▲ 67.9%€37,738within the sector's middle half▲ 33.6%€41,775within the sector's middle half▲ 10.7%€33,221within the sector's middle half▼ 20.5%
Solvency35.1%within the sector's middle half▲ 13.6pp36.9%within the sector's middle half▲ 1.8pp39.5%within the sector's middle half▲ 2.6pp34.7%within the sector's middle half▼ 4.8pp39.1%within the sector's middle half▲ 4.5pp
Current ratio1.24within the sector's middle half▼ 0.251.41within the sector's middle half▲ 0.171.60within the sector's middle half▲ 0.191.53within the sector's middle half▼ 0.071.50within the sector's middle half▼ 0.03
Return on assets (ROA)21.2%above the sector's middle half▲ 24.6pp2.2%within the sector's middle half▼ 19.0pp0.5%within the sector's middle half▼ 1.7pp0.5%within the sector's middle half▲ 0.1pp0.6%within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 14, Manufacture of wearing apparel, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108,325
Fixed assets
€9,173
Current assets
€99,152
Equity and liabilities €108,325
Equity
€42,394 ▲ 1.5%
Debt
€65,931 ▼ 16.3%
Debt's share of the balance-sheet total falls from 65.3% to 60.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,141▼
2024 · €7,349
Cash flow
€2,689▼
2024 · €4,037
Quick ratio
0.30▼
2024 · 0.69
Debt to equity
1.56▼
2024 · 1.88
ROE
1.5%▼
2024 · 1.6%
Interest coverage
1.96▼
2024 · 3.05
Debt ≤ 1 year
€65,931▼
2024 · €78,730
Income taxes
€0▼
2024 · €995
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,341 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% | 1.8% |
| 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 10,905 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,625 | €9,000 | €9,000 | €3,375 | €2,070 | ▼ 38.7% |
| Other operating charges640/8 | €459 | €754 | €499 | €513 | €528 | ▲ 2.8% |
| Gross operating margin9900 | €37,445 | €15,679 | €13,442 | €7,862 | €5,669 | ▼ 27.9% |
| Operating profit (loss)9901 | €31,361 | €5,926 | €3,942 | €3,974 | €3,071 | ▼ 22.7% |
| Financial income75/76B | €1,097 | €186 | €158 | €94 | €177 | ▲ 89.7% |
| Recurring financial income75 | €1,097 | €186 | €158 | €94 | €177 | ▲ 89.7% |
| Financial charges65/66B | €3,026 | €2,731 | €2,641 | €2,410 | €2,629 | ▲ 9.1% |
| Recurring financial charges65 | €2,532 | €2,731 | €2,641 | €2,410 | €2,629 | ▲ 9.1% |
| Non-recurring financial charges66B | €494 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €29,432 | €3,380 | €1,459 | €1,657 | €619 | ▼ 62.7% |
| Income taxes67/77 | €6,415 | €955 | €976 | €995 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €23,016 | €2,425 | €483 | €662 | €619 | ▼ 6.6% |
| Profit (loss) for the period to be appropriated9905 | €23,016 | €2,425 | €483 | €662 | €619 | ▼ 6.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €108,763 | €110,052 | €104,077 | €120,505 | €108,325 | ▼ 10.1% |
| Fixed assets21/28 | €21,375 | €12,375 | €3,375 | - | €9,173 | - |
| Tangible fixed assets22/27 | €21,375 | €12,375 | €3,375 | - | €9,173 | - |
| Plant, machinery and equipment23 | €21,375 | €12,375 | €3,375 | - | €9,173 | - |
| Current assets29/58 | €87,388 | €97,677 | €100,702 | €120,505 | €99,152 | ▼ 17.7% |
| Stocks and contracts in progress3 | €43,124 | €55,000 | €64,607 | €66,130 | €79,289 | ▲ 19.9% |
| Stocks30/36 | €43,124 | €55,000 | €64,607 | €66,130 | €79,289 | ▲ 19.9% |
| Amounts receivable within one year40/41 | €23,233 | €12,094 | €8,420 | €13,760 | €4,023 | ▼ 70.8% |
| Trade receivables40 | €17,296 | €12,094 | €7,727 | €13,760 | €4,023 | ▼ 70.8% |
| Other amounts receivable41 | €5,936 | - | €693 | - | - | - |
| Cash at bank and in hand54/58 | €21,031 | €30,583 | €27,675 | €40,026 | €15,235 | ▼ 61.9% |
| Deferred charges and accrued income490/1 | - | - | - | €589 | €606 | ▲ 2.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €108,763 | €110,052 | €104,077 | €120,505 | €108,325 | ▼ 10.1% |
| Equity10/15 | €38,206 | €40,631 | €41,113 | €41,775 | €42,394 | ▲ 1.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Reserves13 | €19,606 | €22,031 | €22,513 | €23,175 | €23,794 | ▲ 2.7% |
| Distributable reserves133 | €19,606 | €22,031 | €22,513 | €23,175 | €23,794 | ▲ 2.7% |
| Amounts payable17/49 | €70,557 | €69,422 | €62,964 | €78,730 | €65,931 | ▼ 16.3% |
| Amounts payable within one year42/48 | €70,557 | €69,422 | €62,964 | €78,730 | €65,931 | ▼ 16.3% |
| Trade debts44 | €16,205 | €6,167 | €1,660 | €17,292 | €4,285 | ▼ 75.2% |
| Suppliers440/4 | €16,205 | €6,167 | €1,660 | €17,292 | €4,285 | ▼ 75.2% |
| Taxes, remuneration and social security45 | €6,415 | €10,517 | €4,354 | €3,788 | €3,997 | ▲ 5.5% |
| Taxes450/3 | €6,415 | €10,517 | €4,354 | €3,788 | €3,997 | ▲ 5.5% |
| Other amounts payable47/48 | €47,937 | €52,737 | €56,950 | €57,650 | €57,649 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,016 | €2,425 | €483 | €662 | €619 | ▼ 6.6% |
| + Depreciation and write-downs630 | €5,625 | €9,000 | €9,000 | €3,375 | €2,070 | ▼ 38.7% |
| Operating cash flow (approximation) | €28,641 | €11,425 | €9,483 | €4,037 | €2,689 | ▼ 33.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €9,553 | -€2,908 | €12,350 | -€24,791 | ▼ 301% |
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
28-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 59 days late
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 5 days late
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €23,016
Net result €23,016 after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€2,413
Net result drops to -€2,413, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wingene · 1 establishment unit since 2016
Ground area
5,040 m²
Building footprint
174 m²
Volume, LiDAR
977 m³
Parcel 37019B0166/00C000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
So Yes vof
since 2016unit no. 2.249.107.128
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019B0166/00C000 | Flanders | 5,040 m² | 1 · 174 m² | 9.8 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.
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Of 539 companies in this sector we hold annual accounts for 105. 73 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded18-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
14299Manufacture of wearing apparel
14230Manufacture of wearing apparel
14220Manufacture of wearing apparel
14210Manufacture of outerwear
14240Manufacture of wearing apparel
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0646730672
Also
9925:BE0646730672
Registered
20-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.