Age58 yrs
Real estate2 parcels · 1.3 ha
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Sobeco is 0.1% (very low). The 2025 annual accounts show equity of €2.87M and a net result of €2.15M. Equity is growing by ~29.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 545 sector peers (fiscal year 2025). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Signals
2 signals · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2023 and 2025).
View the result trend Growing equity
Equity grew over 2022-2025. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideFiled after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-06-2026, 61 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.
How we compute the deadline
This company changed its financial year: its two most recent filings do not close on the same date. Each filed year keeps its own exact deadline, but we project no following year on 30-09, because adding twelve months right after a change is unreliable. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-09-2025 | 30-04-2026 | 30-06-2026 | 61 d late | 2026-00225726 |
| 31-12-2023 | 31-07-2024 | 19-08-2024 | 19 d late | 2024-00354434 |
| 31-12-2022 | 31-07-2023 | 30-08-2023 | 30 d late | 2023-00400673 |
| 31-12-2021 | 31-07-2022 | 29-07-2022 | 2 d early | 2022-20257933 |
| 31-12-2020 | 31-07-2021 | 17-08-2021 | 17 d late | 2021-50000061 |
| 31-12-2019 | 31-07-2020 | 14-07-2020 | 17 d early | 2020-30000103 |
| 31-12-2018 | 31-07-2019 | 26-08-2019 | 26 d late | 2019-52300427 |
| 31-12-2017 | 31-07-2018 | 10-07-2018 | 21 d early | 2018-31300419 |
| 31-12-2016 | 31-07-2017 | 30-08-2017 | 30 d late | 2017-54000105 |
| 31-12-2015 | 31-07-2016 | 30-08-2016 | 30 d late | 2016-54200598 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 1968, 58 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.1%
Very low
0%0,5%1,5%4%10%≥25%
Long track record
−Lower-failure-rate sector
−Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€2.15M+943.1%
Working capital€2.13M
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 30-06-2026 with the NBB · fiscal year 2025 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~29.8%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 51.1% | 16.2% | |
| Net result | €2.15M | €6k | |
| Equity | €2.87M | €162k | |
| Gross operating margin | €3.42M | €77k | |
| Total assets | €5.62M | €1.38M |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P75
Improving position over 2020-2025
· n=472-1445
P95
Improving position over 2020-2025
· n=472-1441
P88
Improving position over 2020-2025
· n=472-1445
P95
Improving position over 2020-2025
· n=471-1441
Describes the position versus peers, not a forecast.
€2.84M
+845.4%
18-25
€2.15M
+943.1%
18-25
€2.17M
+865.1%
18-25
€5.62M
+121.4%
18-25
€2.87M
+147.8%
18-25
€2.13M
-
18-25
€717k
+958.9%
18-25
€434k
-
18-25
Show 10 other metrics
€2.20M
+59.3%
18-25
€1.18M
+89.9%
18-25
€524k
-28.4%
18-25
2.80
+612.0%
18-25
2.80
+612.0%
18-25
51.1%
+11.9%
18-25
0.76
-35.7%
18-25
74.7%
+321.0%
18-25
38.2%
+371.1%
18-25
209.86
+407.1%
18-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €2.84M |
| Net profit | €2.15M |
| Cash flow | €2.17M |
| Staff costs | - |
| Income taxes | €717k |
| Dividends | €434k |
| Total assets | €5.62M |
| Equity | €2.87M |
| Debt | €2.20M |
| of which ≤ 1y | €1.18M |
| of which > 1y | €524k |
| Working capital | €2.13M |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 2.80 |
| Quick ratio | 2.80 |
| Working capital ratio | 38.0% |
| Solvency | 51.1% |
| Debt / equity | 0.76 |
| Long-term debt ratio | 0.18 |
| Interest coverage | 209.86 |
| Gross margin | - |
| Net margin | - |
| ROA | 38.2% |
| ROE | 74.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €5.62M |
| Fixed assets | 21/28 | €2.30M |
| Tangible fixed assets | 22/27 | €2.30M |
| Current assets | 29/58 | €3.32M |
| Amounts receivable within one year | 40/41 | €283k |
| Investments | 50/53 | €2.50M |
| Cash & bank | 54/58 | €524k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €5.62M |
| Equity | 10/15 | €2.87M |
| Contributions / capital | 10/11 | €223k |
| Reserves | 13 | €2.65M |
| Accumulated profits (losses) | 14 | €0 |
| Provisions & deferred taxes | 16 | €550k |
| Amounts payable | 17/49 | €2.20M |
| Amounts payable after one year | 17 | €524k |
| Amounts payable within one year | 42/48 | €1.18M |
| Trade debts payable within one year | 44 | €239k |
| Income statement | ||
| Gross operating margin | 9900 | €3.42M |
| Operating result | 9901 | €2.81M |
| Financial income | 75 | €66k |
| Financial charges | 65 | €14k |
| Result before taxes | 9903 | €2.86M |
| Income taxes | 67/77 | €717k |
| Net result for the period | 9904 | €2.15M |
| Result to be appropriated | 9905 | €2.15M |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
2 locationsVilvoordelaan 120, 1830 Machelen (Brab.)
since 19242.003.185.602
Ikaroslaan 1, 1930 Zaventem
since 19242.003.185.701
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1.3 ha
Buildings2
Building footprint683 m²
Volume (LiDAR)598 m³
Tallest building5.6 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23047A0054/00D003 | Flanders | 7,464 m² | 1 · 184 m² | 5.6 m · 1 fl. |
| 23772B0101/00B000 | Flanders | 5,421 m² | 1 · 499 m² | - |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
2 acts Address history · 1
08-09-2025
Registered-office move
All acts · 2
updated 11 months ago
2025
08-09-2025 Registered office moved within Zaventem
- Leuvensesteenweg 613, 1930 Zaventem → 1930 Zaventem, Ikaroslaan 1
2024
23-05-2024 Board composition published
Notary:
Filip de Sagher · Steenokkerzeel
Analysis
Financial profile
5 of 5 axes measured95
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
100
Solvency
97
Growth
78
Stability
100
Credit advice
verdict per customer and amountSimilar
Similar companies
Comparable size, same sectorBE 0774.685.649 · Marche-en-Famenne
BE 0792.416.853 · Boortmeerbeek
BE 1009.391.007 · Kortrijk
BE 0630.656.188 · Waterloo
BE 0787.328.709 · Ledegem
We hold annual accounts for 1,111 of the 11,942 companies in this sector. 429 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203
Primary activity highlighted.
Names & trade names
| Legal nameNL | Sobeco |
Registered office
Ikaroslaan 1
1930 Zaventem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.