Summary
SOCADO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €672,749 and a net result of €24,175. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 8094 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
9 d early
2023
16 d early
2022
31 d early
2021
31 d early
2020
24 d late
2019
3 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 10 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 16 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€672,749▼ 12.2%
2024 · €766,510
Net result
€24,175▼ 79.8%
2024 · €119,835
Total assets
€698,191▼ 15.8%
2024 · €829,645
Solvency
96.4%▲ 4.0pp
2024 · 92.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€182,552▲ 5.9%€204,420▲ 12.0%€192,251▼ 6.0%€135,982▼ 29.3%€2,617▼ 98.1%
Net result€125,432above the sector's middle half▲ 7.6%€139,189above the sector's middle half▲ 11.0%€129,686above the sector's middle half▼ 6.8%€119,835above the sector's middle half▼ 7.6%€24,175within the sector's middle half▼ 79.8%
Equity€653,131above the sector's middle half▲ 9.6%€716,027above the sector's middle half▲ 9.6%€722,051above the sector's middle half▲ 0.8%€766,510above the sector's middle half▲ 6.2%€672,749above the sector's middle half▼ 12.2%
Total assets€726,977within the sector's middle half▲ 13.4%€797,601within the sector's middle half▲ 9.7%€826,823within the sector's middle half▲ 3.7%€829,645within the sector's middle half▲ 0.3%€698,191within the sector's middle half▼ 15.8%
Debt€73,846▲ 65.0%€81,574▲ 10.5%€104,772▲ 28.4%€63,135▼ 39.7%€25,442▼ 59.7%
Working capital€628,021above the sector's middle half▲ 9.3%€694,020above the sector's middle half▲ 10.5%€702,148above the sector's middle half▲ 1.2%€750,903above the sector's middle half▲ 6.9%€661,319above the sector's middle half▼ 11.9%
Solvency89.8%above the sector's middle half▼ 3.2pp89.8%above the sector's middle half▼ 0.1pp87.3%above the sector's middle half▼ 2.4pp92.4%above the sector's middle half▲ 5.1pp96.4%above the sector's middle half▲ 4.0pp
Current ratio9.50above the sector's middle half▼ 4.569.51above the sector's middle half=7.70above the sector's middle half▼ 1.8112.89above the sector's middle half▲ 5.1926.99above the sector's middle half▲ 14.10
Return on assets (ROA)17.3%within the sector's middle half▼ 0.9pp17.5%within the sector's middle half▲ 0.2pp15.7%within the sector's middle half▼ 1.8pp14.4%within the sector's middle half▼ 1.2pp3.5%within the sector's middle half▼ 11.0pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 98% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €698,191
Fixed assets
€11,430 ▼ 26.8%
Current assets
€686,761 ▼ 15.6%
Equity and liabilities €698,191
Equity
€672,749 ▼ 12.2%
Debt
€25,442 ▼ 59.7%
Debt's share of the balance-sheet total falls from 7.6% to 3.6%. Equity and debt are lower.
Key figures and ratios
ROE
3.6%▼
2024 · 15.6%
Debt ≤ 1 year
€25,442▼
2024 · €63,135
Income taxes
€14,568▼
2024 · €46,744
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €37,928 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,544 | €4,511 | €5,147 | €4,296 | €4,177 | ▼ 2.8% |
| Other operating charges640/8 | €783 | €705 | €8,463 | €784 | €873 | ▲ 11.4% |
| Gross operating margin9900 | €186,879 | €209,636 | €205,861 | €141,062 | €7,667 | ▼ 94.6% |
| Operating profit (loss)9901 | €182,552 | €204,420 | €192,251 | €135,982 | €2,617 | ▼ 98.1% |
| Financial income75/76B | €3,197 | €1,535 | €6,564 | €31,150 | €36,386 | ▲ 16.8% |
| Recurring financial income75 | €3,197 | €1,535 | €6,564 | €31,150 | €36,386 | ▲ 16.8% |
| Financial charges65/66B | €280 | €306 | €578 | €552 | €260 | ▼ 52.9% |
| Recurring financial charges65 | €280 | €306 | €578 | €552 | €260 | ▼ 52.9% |
| Profit (loss) for the period before taxes9903 | €185,469 | €205,648 | €198,236 | €166,579 | €38,743 | ▼ 76.7% |
| Income taxes67/77 | €60,037 | €66,459 | €68,550 | €46,744 | €14,568 | ▼ 68.8% |
| Profit (loss) for the period9904 | €125,432 | €139,189 | €129,686 | €119,835 | €24,175 | ▼ 79.8% |
| Profit (loss) for the period to be appropriated9905 | €125,432 | €139,189 | €129,686 | €119,835 | €24,175 | ▼ 79.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €726,977 | €797,601 | €826,823 | €829,645 | €698,191 | ▼ 15.8% |
| Fixed assets21/28 | €25,111 | €22,007 | €19,903 | €15,607 | €11,430 | ▼ 26.8% |
| Tangible fixed assets22/27 | €25,111 | €22,007 | €19,903 | €15,607 | €11,430 | ▼ 26.8% |
| Furniture and vehicles24 | €9,973 | €8,958 | €6,173 | €4,239 | €2,423 | ▼ 42.8% |
| Other tangible fixed assets26 | €15,137 | €13,049 | €13,730 | €11,368 | €9,006 | ▼ 20.8% |
| Current assets29/58 | €701,866 | €775,594 | €806,920 | €814,038 | €686,761 | ▼ 15.6% |
| Amounts receivable within one year40/41 | €35,858 | €34,019 | €135,247 | €35,956 | €70,972 | ▲ 97.4% |
| Trade receivables40 | €33,646 | €32,978 | €122,185 | €5,836 | €23,801 | ▲ 308% |
| Other amounts receivable41 | €2,212 | €1,042 | €13,063 | €30,120 | €47,171 | ▲ 56.6% |
| Current investments50/53 | €299,777 | €306,913 | €302,526 | €511,276 | €535,291 | ▲ 4.7% |
| Cash at bank and in hand54/58 | €365,628 | €434,038 | €368,446 | €265,927 | €78,818 | ▼ 70.4% |
| Deferred charges and accrued income490/1 | €604 | €623 | €701 | €879 | €1,681 | ▲ 91.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €726,977 | €797,601 | €826,823 | €829,645 | €698,191 | ▼ 15.8% |
| Equity10/15 | €653,131 | €716,027 | €722,051 | €766,510 | €672,749 | ▼ 12.2% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €640,731 | €703,627 | €709,651 | €754,110 | €660,349 | ▼ 12.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €6,779 | €6,779 | €6,779 | €6,779 | €6,779 | = |
| Distributable reserves133 | €632,093 | €694,988 | €702,872 | €747,331 | €653,570 | ▼ 12.5% |
| Amounts payable17/49 | €73,846 | €81,574 | €104,772 | €63,135 | €25,442 | ▼ 59.7% |
| Amounts payable within one year42/48 | €73,846 | €81,574 | €104,772 | €63,135 | €25,442 | ▼ 59.7% |
| Current portion of amounts payable after more than one year42 | €3,360 | - | - | - | - | - |
| Financial debts43 | - | - | - | - | €2,019 | - |
| Credit institutions430/8 | - | - | - | - | €2,019 | - |
| Trade debts44 | €8,409 | €1,634 | €1,258 | €1,157 | €914 | ▼ 21.0% |
| Suppliers440/4 | €8,409 | €1,634 | €1,258 | €1,157 | €914 | ▼ 21.0% |
| Taxes, remuneration and social security45 | €60,477 | €79,140 | €102,714 | €61,978 | €22,510 | ▼ 63.7% |
| Taxes450/3 | €60,477 | €79,140 | €102,714 | €61,978 | €22,510 | ▼ 63.7% |
| Other amounts payable47/48 | €1,600 | €800 | €800 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €125,432 | €139,189 | €129,686 | €119,835 | €24,175 | ▼ 79.8% |
| + Depreciation and write-downs630 | €3,544 | €4,511 | €5,147 | €4,296 | €4,177 | ▼ 2.8% |
| Operating cash flow (approximation) | €128,976 | €143,700 | €134,833 | €124,131 | €28,352 | ▼ 77.2% |
| Investment in fixed assets (approximation) | - | -€1,407 | -€3,043 | €0 | €0 | - |
| Change in cash | - | €68,410 | -€65,592 | -€102,519 | -€187,109 | ▼ 82.5% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €24,175 ▼79.8%
Net result drops to €24,175, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 26.99
Current ratio from 12.89 to 26.99; short-term debt falls from €63,135 to €25,442.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €139,189 ▲11%
Operating result €204,420, net result €139,189, both a record.
16-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €500,000Eq €538,819 ▲28%
2 profitable years in a row build equity to €538,819.
Show earlier events
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
26-07
State Gazette act
General meeting · Demerger
Accounting effect · Share issue
24-07
State Gazette act
General meeting · Demerger
Share issue · Capital decrease · Adrienne Spaepen
01-02
State Gazette act
General meeting · Director reappointment
Director appointment
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2015
14-04
State Gazette act
Board meeting · Power of attorney
Director appointment · Permanent representative
2011
13-10
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
18-08
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
28-06
State Gazette act
General meeting · Board meeting
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Zonhoven · 1 establishment unit since 2002
Ground area
1,055 m²
Building footprint
193 m²
Volume, LiDAR
1,114 m³
Parcel 71443E0918/00C007, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kruisheideweg 16, 3520 Zonhoven
since 20022.096.243.739
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71443E0918/00C007 | Flanders | 1,055 m² | 1 · 193 m² | 8.2 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
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
Similar companies · same sector, comparable size
SEACOL
BE 0831.166.472
De Panne · Eq €672,684
KvdKONSULTING
BE 0884.836.968
Poperinge · Eq €672,589
Leuven Pharma Services
BE 0643.870.855
Leuven · Eq €672,318
SBQ Invest
BE 0650.761.221
Lint · Eq €672,303
EUFIPAR
BE 0456.375.102
Elsene · Eq €672,268
Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,365 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477928896
Also
9925:BE0477928896
Registered
27-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.