SOBELPAP
ActiveSummary
SOBELPAP has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €306,859 and a net result of -€2,114. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 68% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-5
Solvency87▼-3
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 2.6 against 2.8 in 2024; short-term debt: 38.1% and cash: 5.5% of total assets), and 38.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
51 d late
2023
28 d late
2022
36 d early
2021
58 d late
2020
185 d late
2019
231 d late
← 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 74 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 29 August (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€2,114
2024 · €2,346
Working capital
€301,911▼ 0.1%
2024 · €302,070
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20212022202320242025
Operating result€8,398▼ 5.6%-€70,742€8,782€8,721▼ 0.7%€4,258▼ 51.2%
Net result€5,251below the sector's middle half▲ 8.0%-€74,780below the sector's middle half€4,374within the sector's middle half€2,346within the sector's middle half▼ 46.4%-€2,114below the sector's middle half
Equity€377,033within the sector's middle half▲ 1.4%€302,253within the sector's middle half▼ 19.8%€306,627within the sector's middle half▲ 1.4%€308,973within the sector's middle half▲ 0.8%€306,859below the sector's middle half▼ 0.7%
Total assets€620,212below the sector's middle half▼ 6.1%€641,458below the sector's middle half▲ 3.4%€616,904below the sector's middle half▼ 3.8%€476,671below the sector's middle half▼ 22.7%€495,398below the sector's middle half▲ 3.9%
Debt€243,179▼ 15.9%€339,205▲ 39.5%€310,277▼ 8.5%€167,698▼ 46.0%€188,539▲ 12.4%
Working capital€379,776within the sector's middle half▲ 1.8%€303,395within the sector's middle half▼ 20.1%€306,627within the sector's middle half▲ 1.1%€302,070within the sector's middle half▼ 1.5%€301,911within the sector's middle half▼ 0.1%
Solvency60.8%within the sector's middle half▲ 4.5pp47.1%within the sector's middle half▼ 13.7pp49.7%within the sector's middle half▲ 2.6pp64.8%within the sector's middle half▲ 15.1pp61.9%within the sector's middle half▼ 2.9pp
Current ratio2.58within the sector's middle half▲ 0.281.90within the sector's middle half▼ 0.681.99within the sector's middle half▲ 0.092.80within the sector's middle half▲ 0.812.60within the sector's middle half▼ 0.20
Return on assets (ROA)0.8%below the sector's middle half▲ 0.1pp-11.7%below the sector's middle half▼ 12.5pp0.7%within the sector's middle half▲ 12.4pp0.5%within the sector's middle half▼ 0.2pp-0.4%below the sector's middle half▼ 0.9pp
Staff (FTE)4.3within the sector's middle half=3.3below the sector's middle half▼ 23.3%2.7below the sector's middle half▼ 18.2%2.1below the sector's middle half▼ 22.2%1.7below the sector's middle half▼ 19.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 51% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €495,398
Fixed assets
€4,948 ▼ 28.3%
Current assets
€490,450 ▲ 4.4%
Equity and liabilities €495,398
Equity
€306,859 ▼ 0.7%
Debt
€188,539 ▲ 12.4%
Debt's share of the balance-sheet total rises from 35.2% to 38.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5,639▼
2024 · €9,296
Cash flow
-€733▼
2024 · €2,921
Quick ratio
0.56▲
2024 · 0.41
Debt to equity
0.61▲
2024 · 0.54
ROE
-0.7%▼
2024 · 0.8%
Interest coverage
0.81▼
2024 · 1.29
Debt ≤ 1 year
€188,539▲
2024 · €167,698
Income taxes
€52
Staff costs
€55,506▼
2024 · €95,149
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
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 0.4% 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 497,338 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% | 1.9% |
| 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 12,321 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €154,345 | €142,222 | €118,397 | €95,149 | €55,506 | ▼ 41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €575 | €1,381 | ▲ 140% |
| Other operating charges640/8 | €34,826 | €49,442 | €38,671 | €49,517 | €66,058 | ▲ 33.4% |
| Gross operating margin9900 | €197,569 | €120,922 | €165,850 | €153,962 | €127,203 | ▼ 17.4% |
| Operating profit (loss)9901 | €8,398 | -€70,742 | €8,782 | €8,721 | €4,258 | ▼ 51.2% |
| Financial income75/76B | €2,596 | €1,509 | €2,140 | €825 | €655 | ▼ 20.6% |
| Recurring financial income75 | €2,596 | €1,509 | €2,140 | €825 | €655 | ▼ 20.6% |
| Financial charges65/66B | €5,743 | €5,547 | €6,548 | €7,200 | €6,976 | ▼ 3.1% |
| Recurring financial charges65 | €5,743 | €5,547 | €6,548 | €7,200 | €6,976 | ▼ 3.1% |
| Profit (loss) for the period before taxes9903 | €5,251 | -€74,780 | €4,374 | €2,346 | -€2,062 | ▼ 188% |
| Income taxes67/77 | - | - | - | - | €52 | - |
| Profit (loss) for the period9904 | €5,251 | -€74,780 | €4,374 | €2,346 | -€2,114 | ▼ 190% |
| Profit (loss) for the period to be appropriated9905 | €5,251 | -€74,780 | €4,374 | €2,346 | -€2,114 | ▼ 190% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €620,212 | €641,458 | €616,904 | €476,671 | €495,398 | ▲ 3.9% |
| Fixed assets21/28 | - | - | - | €6,903 | €4,948 | ▼ 28.3% |
| Tangible fixed assets22/27 | - | - | - | €6,903 | €4,948 | ▼ 28.3% |
| Furniture and vehicles24 | - | - | - | €6,903 | €4,948 | ▼ 28.3% |
| Current assets29/58 | €620,212 | €641,458 | €616,904 | €469,768 | €490,450 | ▲ 4.4% |
| Stocks and contracts in progress3 | €473,587 | €475,122 | €424,627 | €400,936 | €384,997 | ▼ 4.0% |
| Stocks30/36 | €473,587 | €475,122 | €424,627 | €400,936 | €384,997 | ▼ 4.0% |
| Amounts receivable within one year40/41 | €131,372 | €155,847 | €164,197 | €54,307 | €78,303 | ▲ 44.2% |
| Trade receivables40 | €110,660 | €135,135 | €159,354 | €54,307 | €73,567 | ▲ 35.5% |
| Other amounts receivable41 | €20,712 | €20,712 | €4,843 | - | €4,736 | - |
| Cash at bank and in hand54/58 | €15,253 | €10,489 | €28,080 | €14,525 | €27,149 | ▲ 86.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €620,212 | €641,458 | €616,904 | €476,671 | €495,398 | ▲ 3.9% |
| Equity10/15 | €377,033 | €302,253 | €306,627 | €308,973 | €306,859 | ▼ 0.7% |
| Contributions10/11 | €198,315 | €198,315 | €198,315 | €198,315 | €198,315 | = |
| Capital10 | €198,315 | €198,315 | €198,315 | €198,315 | €198,315 | = |
| Issued capital100 | €198,315 | €198,315 | €198,315 | €198,315 | €198,315 | = |
| Reserves13 | €19,831 | €19,831 | €19,831 | €19,831 | €19,832 | = |
| Non-distributable reserves130/1 | €19,831 | €19,831 | €19,831 | €19,831 | €19,832 | = |
| Legal reserve130 | €19,831 | €19,831 | €19,831 | €19,831 | €19,832 | = |
| Profit (loss) carried forward14 | €158,887 | €84,107 | €88,481 | €90,827 | €88,713 | ▼ 2.3% |
| Amounts payable17/49 | €243,179 | €339,205 | €310,277 | €167,698 | €188,539 | ▲ 12.4% |
| Amounts payable within one year42/48 | €240,436 | €338,063 | €310,277 | €167,698 | €188,539 | ▲ 12.4% |
| Financial debts43 | €19,280 | €19,280 | - | - | - | - |
| Credit institutions430/8 | €19,280 | €19,280 | - | - | - | - |
| Trade debts44 | €181,750 | €241,697 | €164,173 | €91,830 | €112,199 | ▲ 22.2% |
| Suppliers440/4 | €181,750 | €241,697 | €164,173 | €91,830 | €112,199 | ▲ 22.2% |
| Taxes, remuneration and social security45 | €7,695 | €35,375 | €14,135 | €10,094 | €15,607 | ▲ 54.6% |
| Taxes450/3 | €3,675 | €11,785 | - | €1,030 | €7,281 | ▲ 607% |
| Remuneration and social security454/9 | €4,020 | €23,590 | €14,135 | €9,064 | €8,326 | ▼ 8.1% |
| Other amounts payable47/48 | €31,711 | €41,711 | €131,969 | €65,774 | €60,733 | ▼ 7.7% |
| Accrued charges and deferred income492/3 | €2,743 | €1,142 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,251 | -€74,780 | €4,374 | €2,346 | -€2,114 | ▼ 190% |
| + Depreciation and write-downs630 | - | - | - | €575 | €1,381 | ▲ 140% |
| Operating cash flow (approximation) | €5,251 | -€74,780 | €4,374 | €2,921 | -€733 | ▼ 125% |
| Investment in fixed assets (approximation) | - | - | - | - | €574 | - |
| Change in cash | - | -€4,764 | €17,591 | -€13,555 | €12,624 | ▲ 193% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
20-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 51 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Back to profitnet €4,374
Net result €4,374 after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€74,780
Net result drops to -€74,780, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 58 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 185 days late
2021
31-12
Financial
Highest result since 2018net €5,251 ▲8%
Net result €5,251, the highest in the series.
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 231 days late
2020
31-12
Financial
Back to profitnet €4,862
Net result €4,862 after one loss-making year.
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Soignies · 1 establishment unit since 1991
Ground area
6,313 m²
Building footprint
2,525 m²
Volume, LiDAR
14,943 m³
Parcel 55040A0192/00E000, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Chemin de la Guelenne 64, 7060 Soignies
since 19912.053.094.179
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55040A0192/00E000 | Wallonia | 6,313 m² | 1 · 2,525 m² | 7.5 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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
16.33%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSoignies2.053.094.179
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Of 192 companies in sector 46493 we hold annual accounts for 86. 65 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-05-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46493Wholesale trade
46499Wholesale of other household goods
46492Wholesale trade
Contact
E-mail
sobelpap@advalvas.be
Phone
067332498
Fax
067336217
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444295830
Registered
06-12-2025
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.