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SOCA

Active Private limited companyfounded 1986active for 39 yearsSpermaliestraat 175, 8430 MiddelkerkeKBO/BCE: BE 0430.093.347 #8 oldest company in Middelkerke, Construction sector

Lifetime

20 annual accounts with figures on one time axis, 39 filings since 1987
peak €347,048 (2009)
€138,964▼ 21.0%
lowest -€67,517 (2017)
-€3,376▼ €18,260
peak €223,262 (2009)
€142,167▼ 2.3%
€362,124▼ 1.4%
peak 5 FTE (2012)
-not published
Board1 name since 2010
1 director
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €175,853 to €138,964Loss of €3,376

Key points

from the 2025 annual accounts

Debts

€362,124 72% of the balance sheet
Financial debts 55%Suppliers 7%Taxes and wages 2%Other 36%

Of this, €162,347 falls due within a year.

Staff

2 FTE from 5 in 2012

Between 2012 and 2025, 60% of the full-time equivalents disappeared.

Filings

39 annual accounts since 1987
AprilJune31 JulyOctober1990200020102020

Six of the last ten came late. The 2025 accounts came latest: 31 days after the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 2,453 companies had the same profile as SOCA has now. Each dot stands for 7 companies, two years later.

93.1%
were still trading
5.1%
stopped another way
1.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a small loss

Another 0.3% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 2,453 companies, not a prediction for SOCA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director, since 05-08-2010
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0430093347
Change of role: , from manager to director Director discharge: · General meeting of 03-04-2023 · Gazette deed
First establishment Spermaliestraat 175, Middelkerke
Incorporation published on 15-01-1987 · Gazette deed
All 54 events

Comparable companies

same main activity, similar in size and age
Company
SOCA Middelkerke €504,291 €138,964 28.2% -
BRYSSE Torhout €525,024 €136,707 43.2% -
ARDOSCHRIJN Ardooie €599,670 €129,778 45.5% -
TELLF Wielsbeke €536,377 €160,995 -8.5% 0.8
SPIDECO Rixensart €446,683 €138,991 27.4% -
LOUIS DAS EN ZOON Schelle €445,341 €126,650 82.0% -
Etablissements XHIGNESSE Christian Durbuy €461,939 €133,649 61.7% -

These companies have the same main activity as SOCA: joinery installation (NACE 43320). They are comparable in size and age: total assets between €445,000 and €600,000, founded between 1984 and 1991.

Official details

Source: KBO
Status
Active since 23-12-1986Normal situation
Activity
Joinery installationNACE 43320and 2 others
Joint committee
124Construction · annual accounts 2025
Establishment unit
2.032.889.3768430 Middelkerke, since 25-06-2002
Financial year end
31 December
Peppol
Reachable since 15-05-2025
Company details

Annual accounts 2025

≈ €520,000estimated
€504,291▼ 1.7%
Employeeson 31-12-2025
2=
Filing
Filed on 31-08-2026
Financials

Insights on SOCA

SOCA files the micro format. That format states no turnover. The gross margin fell from €245,208 in 2006 to €138,964 in 2025.

The balance sheet grew most from 2022 to 2023 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about SOCA

What is the company number of SOCA?
The company number of SOCA is 0430.093.347. The VAT number is the same number with BE in front: BE 0430.093.347.
Where is SOCA based?
The registered office is at Spermaliestraat 175, 8430 Middelkerke.Company details
What does SOCA do?
According to the KBO register, the main activity is joinery installation (NACE 43320).
What is the legal form of SOCA?
SOCA is a private limited company (BV).
When was SOCA founded?
SOCA was founded on 23-12-1986.
Is SOCA still active?
Yes, SOCA is an active enterprise in the KBO register.
How many employees does SOCA have?
SOCA had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does SOCA fall under?
In its 2025 annual accounts, SOCA states joint committee 124 (Construction).
What is the turnover of SOCA?
The turnover in financial year 2025 is ≈ €520,000. This figure is estimated from the gross margin of €138,964 and 36 comparable companies (NACE 43320). It probably lies between €370,000 and €710,000.
Is SOCA profitable?
In financial year 2025, SOCA made a loss of €3,376.
Where can I find the annual accounts of SOCA?
SOCA filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SOCA due?
SOCA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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