SOARE CONSTRUCT

Active

Private limited companyfounded 20197 yrs activeKerkstraat 23, 1790 Affligem, BelgiumKBO/BCE: BE 0731.798.286

The computed 12-month bankruptcy probability of SOARE CONSTRUCT is 2.1% (moderate). The 2025 annual accounts show equity of €29k and a net result of €3k. Equity is growing by ~32.8% per year across the filed fiscal years. Its solvency ranks better than 18% of 829 sector peers (fiscal year 2025). 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 2025

41 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability55▼-5

Solvency36▼-3

Growth68▼-17

Track record100

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days only on tighter terms

Liquidity tight (current ratio 1.18 against 1.1 in 2024; short-term debt: 76.7% and cash: 1% of total assets), and 88.9% 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

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

+raises risk○neutral

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 sector

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

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

11.1%

Return on assets

1.2%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 829 sector peers (2025).

NBB · sector comparison

Position among 829 sector peers

Solvency

better than 18%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 21-10-2025, 51 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

2026

not confirmed

2025

51 d late

2024

18 d late

2023

72 d late

2022

49 d late

2021

56 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 2025, full schema

Turnover

€1.12M▼ 1.3%

2024 · €1.14M

2021: €454k 2024: €1.14M

2021 → 2025

EBIT margin

0.8%▼ 0.9pp

2024 · 1.6%

2021: 2.6% 2024: 1.6%

2021 → 2025

Net result

€3k▼ 64.1%

2024 · €9k

2021: €8k 2022: €370 2023: €5k 2024: €9k

2021 → 2025

Working capital

€36k▲ 145%

2024 · €15k

2021: €2k 2022: €13k 2023: €16k 2024: €15k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€454k-€1.14M€1.12M▼ 1.3%

Equity€11k-€11k▲ 3.5%€16k▲ 49.6%€25k▲ 54.4%€29k▲ 12.7%

Operating result€12k-€3k▼ 77.1%€9k▲ 240%€19k▲ 98.4%€9k▼ 53.3%

Net result€8k-€370▼ 95.2%€5k▲ 1,379%€9k▲ 64.1%€3k▼ 64.1%

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 53% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €258k

90.7%

Fixed assets €24k▼ 23.1%

Current assets €234k▲ 50.4%

Equity and liabilities €258k

11%

88.9%

Equity €29k▲ 12.7%

Debt €229k▲ 42.1%

The debt ratio rises from 86.4% to 88.9%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€16k▼

2024 · €28k

Cash flow

€10k▼

2024 · €18k

Solvency

11.1%▼

2024 · 13.6%

Current ratio

1.18▲

2024 · 1.10

Quick ratio

1.18▲

2024 · 1.10

Debt / equity

7.99▲

2024 · 6.33

ROE

11.2%▼

2024 · 35.2%

ROA

1.2%▼

2024 · 4.8%

Interest coverage

45.75▲

2024 · 13.23

Debt

€229k▲

2024 · €161k

Debt ≤ 1 year

€198k▲

2024 · €141k

Debt > 1 year

€31k▲

2024 · €20k

Income taxes

€5k▼

2024 · €5k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€187k€258k▲

Fixed assets21/28€31k€24k▼

Tangible fixed assets22/27€31k€23k▼

Furniture and vehicles24€31k€23k▼

Financial fixed assets28€600€600=

Current assets29/58€156k€234k▲

Amounts receivable within one year40/41€145k€231k▲

Trade receivables40€128k€225k▲

Other amounts receivable41€17k€6k▼

Cash at bank and in hand54/58€10k€3k▼

Equity and liabilities

Total equity and liabilities10/49€187k€258k▲

Equity10/15€25k€29k▲

Contributions10/11€3k€3k=

Capital10€3k€3k=

Issued capital100€3k€3k=

Reserves13€300€300=

Non-distributable reserves130/1€300€300=

Legal reserve130€300€300=

Profit (loss) carried forward14€22k€25k▲

Amounts payable17/49€161k€229k▲

Amounts payable after more than one year17€20k€31k▲

Financial debts170/4€20k€31k▲

Amounts payable within one year42/48€141k€198k▲

Current portion of amounts payable after more than one year42€9k-

Financial debts43-€2k

Credit institutions430/8-€2k

Trade debts44€98k€142k▲

Suppliers440/4€34k€142k▲

Bills of exchange payable441€64k-

Advances received on contracts in progress46-€14k

Taxes, remuneration and social security45€9k€14k▲

Taxes450/3€9k€14k▲

Other amounts payable47/48€25k€25k=

Income statement Code20242025

Turnover70€1.14M€1.12M▼

Goods, raw materials, services and sundry goods60/61€1.11M€1.10M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€7k▼

Other operating charges640/8€2k€6k▲

Gross operating margin9900€30k€22k▼

Operating profit (loss)9901€19k€9k▼

Financial charges65/66B€4k€347▼

Recurring financial charges65€2k€347▼

Non-recurring financial charges66B€2k-

Profit (loss) for the period before taxes9903€14k€8k▼

Income taxes67/77€5k€5k▼

Profit (loss) for the period9904€9k€3k▼

Profit (loss) for the period to be appropriated9905€9k€3k▼

Appropriation of the result

Profit (loss) to be appropriated9906€22k€25k▲

Profit (loss) brought forward from the previous period14P€13k€22k▲

The notes to these accounts (6 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 7Financial 2Filings 5

2025

21-10

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 51 days late

2024

18-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 18 days late

31-01

Financial Highest result since 2021net €9k ▲64.1%

Operating result €19k, net result €9k, both a record.

2023

11-11

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 72 days late

2022

19-10

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 49 days late

31-01

Financial Weakest financial yearnet €370 ▼95.2%

Net result drops to €370, the lowest in the series; recovery starts the following year.

2021

26-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 56 days late

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

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, Affligem · 1 establishment unit since 2019

establishment The establishment unit 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.

Kerkstraat 231790 Affligem

Ground area

495 m²

Building footprint

115 m²

Parcel 23030D0099/00F002, Flanders. Linked by address, not a title deed.

1 establishment unit

SOARE CONSTRUCT

Kerkstraat 23, 1790 AffligemRepair, maintenance and installation of machinery and equipment

since 20192.292.091.093

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23030D0099/00F002	Flanders	494 m²	1 · 115 m²	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

Recognised contractor

11 categories

SOARE CONSTRUCT BV45963

category D1, class 1 · category D10, class 1 · category D11, class 1 · category D13, class 1 · category D15, class 1 · category D16, class 1 · category D22, class 1 · category D25, class 1 · category D5, class 1 · category D8, class 1 · category G5, class 1

decision 05-03-2026