SOCAGES
ActiveSummary
SOCAGES has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39,325 and a net result of €5,229. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 79% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82=
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 5.64 against 15.13 in 2024; short-term debt: 17.5% and cash: 32.6% of total assets), and 17.5% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.5%
Return on assets
11%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
10 d late
2023
6 d early
2022
25 d early
2021
21 d early
2020
2 d early
2019
1 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 7 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€39,325▲ 15.3%
2024 · €34,096
Total assets
€47,688▲ 30.9%
2024 · €36,419
Net result
€5,229▲ 35.1%
2024 · €3,870
Working capital
€38,803▲ 18.2%
2024 · €32,831
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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€12,816€16,129▲ 25.8%€9,294▼ 42.4%€5,148▼ 44.6%€7,730▲ 50.2%
Net result€12,768within the sector's middle half€17,014within the sector's middle half▲ 33.3%€7,283within the sector's middle half▼ 57.2%€3,870within the sector's middle half▼ 46.9%€5,229within the sector's middle half▲ 35.1%
Equity€62,255within the sector's middle half▲ 25.8%€79,269within the sector's middle half▲ 27.3%€48,776within the sector's middle half▼ 38.5%€34,096within the sector's middle half▼ 30.1%€39,325within the sector's middle half▲ 15.3%
Total assets€62,819below the sector's middle half▲ 18.4%€84,068within the sector's middle half▲ 33.8%€55,138below the sector's middle half▼ 34.4%€36,419below the sector's middle half▼ 34.0%€47,688below the sector's middle half▲ 30.9%
Debt€565▼ 84.2%€4,799▲ 750%€6,362▲ 32.6%€2,323▼ 63.5%€8,362▲ 260%
Working capital€59,184▲ 20.6%€77,220▲ 30.5%€46,505▼ 39.8%€32,831▼ 29.4%€38,803▲ 18.2%
Solvency99.1%above the sector's middle half▲ 5.8pp94.3%above the sector's middle half▼ 4.8pp88.5%above the sector's middle half▼ 5.8pp93.6%above the sector's middle half▲ 5.2pp82.5%above the sector's middle half▼ 11.2pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 recovers in 2025; 2025 is 50% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47,688
Fixed assets
€522 ▼ 58.7%
Current assets
€47,166 ▲ 34.2%
Equity and liabilities €47,688
Equity
€39,325 ▲ 15.3%
Debt
€8,362 ▲ 260%
Debt's share of the balance-sheet total rises from 6.4% to 17.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8,473▲
2024 · €6,154
Cash flow
€5,972▲
2024 · €4,876
Current ratio
5.64▼
2024 · 15.13
Debt to equity
0.21▲
2024 · 0.07
ROE
13.3%▲
2024 · 11.3%
ROA
11.0%▲
2024 · 10.6%
Interest coverage
130.86▲
2024 · 50.82
Debt ≤ 1 year
€8,362▲
2024 · €2,323
Income taxes
€3,750▲
2024 · €2,323
Staff costs
€14,226
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 34,672 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 | - | -€54 | - | - | €14,226 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €519 | €1,022 | €987 | €1,006 | €743 | ▼ 26.2% |
| Other operating charges640/8 | - | €854 | €1,128 | - | - | - |
| Non-recurring operating charges66A | - | - | €59 | - | - | - |
| Gross operating margin9900 | €14,043 | €17,950 | €11,468 | €6,154 | €22,699 | ▲ 269% |
| Operating profit (loss)9901 | €12,816 | €16,129 | €9,294 | €5,148 | €7,730 | ▲ 50.2% |
| Financial income75/76B | - | €3,049 | €1,659 | €1,166 | €1,314 | ▲ 12.7% |
| Recurring financial income75 | €1,551 | €3,049 | €1,659 | €1,166 | €1,314 | ▲ 12.7% |
| Financial charges65/66B | - | €463 | €206 | €121 | €65 | ▼ 46.5% |
| Recurring financial charges65 | €1,192 | €463 | €206 | €121 | €65 | ▼ 46.5% |
| Profit (loss) for the period before taxes9903 | €13,175 | €18,715 | €10,747 | €6,192 | €8,979 | ▲ 45.0% |
| Income taxes67/77 | €407 | €1,701 | €3,464 | €2,323 | €3,750 | ▲ 61.4% |
| Profit (loss) for the period9904 | €12,768 | €17,014 | €7,283 | €3,870 | €5,229 | ▲ 35.1% |
| Profit (loss) for the period to be appropriated9905 | €12,768 | €17,014 | €7,283 | €3,870 | €5,229 | ▲ 35.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62,819 | €84,068 | €55,138 | €36,419 | €47,688 | ▲ 30.9% |
| Fixed assets21/28 | €3,071 | €2,049 | €2,271 | €1,265 | €522 | ▼ 58.7% |
| Tangible fixed assets22/27 | €3,071 | €2,049 | €2,271 | €1,265 | €522 | ▼ 58.7% |
| Land and buildings22 | - | €59 | - | - | - | - |
| Furniture and vehicles24 | - | €1,990 | €2,271 | €1,265 | €522 | ▼ 58.7% |
| Current assets29/58 | €59,748 | €82,019 | €52,867 | €35,154 | €47,166 | ▲ 34.2% |
| Amounts receivable within one year40/41 | €18,327 | €27,581 | €23,053 | €12,879 | €30,287 | ▲ 135% |
| Trade receivables40 | - | €2,445 | - | €303 | €700 | ▲ 131% |
| Other amounts receivable41 | - | €25,136 | €23,053 | €12,577 | €29,587 | ▲ 135% |
| Cash at bank and in hand54/58 | €41,421 | €54,438 | €29,814 | €22,275 | €15,564 | ▼ 30.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,314 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62,819 | €84,068 | €55,138 | €36,419 | €47,688 | ▲ 30.9% |
| Equity10/15 | €62,255 | €79,269 | €48,776 | €34,096 | €39,325 | ▲ 15.3% |
| Contributions10/11 | - | €18,550 | €18,550 | - | - | - |
| Reserves13 | €43,705 | €60,719 | €30,226 | €34,096 | €39,325 | ▲ 15.3% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | - | - | - |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | - | - | - |
| Distributable reserves133 | - | €58,864 | €28,371 | €34,096 | €39,325 | ▲ 15.3% |
| Profit (loss) carried forward14 | -€2,283 | - | - | - | - | - |
| Amounts payable17/49 | €565 | €4,799 | €6,362 | €2,323 | €8,362 | ▲ 260% |
| Amounts payable within one year42/48 | €565 | €4,799 | €6,362 | €2,323 | €8,362 | ▲ 260% |
| Trade debts44 | €121 | €352 | - | - | - | - |
| Suppliers440/4 | - | €352 | - | - | - | - |
| Advances received on contracts in progress46 | - | €2,445 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €2,002 | €4,276 | €2,323 | €7,362 | ▲ 217% |
| Taxes450/3 | - | €2,002 | €4,276 | €2,323 | €3,896 | ▲ 67.7% |
| Remuneration and social security454/9 | - | - | - | - | €3,467 | - |
| Other amounts payable47/48 | - | - | €2,086 | - | €1,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,768 | €17,014 | €7,283 | €3,870 | €5,229 | ▲ 35.1% |
| + Depreciation and write-downs630 | €519 | €1,022 | €987 | €1,006 | €743 | ▼ 26.2% |
| Operating cash flow (approximation) | €13,287 | €18,036 | €8,270 | €4,876 | €5,972 | ▲ 22.5% |
| Investment in fixed assets (approximation) | - | €0 | -€1,210 | €0 | €0 | - |
| Change in cash | - | €13,017 | -€24,623 | -€7,540 | -€6,711 | ▲ 11.0% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 10 days late
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €17,014 ▲33.3%
Operating result €16,129, net result €17,014, both a record.
10-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €12,768
Net result €12,768 after 2 loss-making years.
30-06
Financial
Liquidity times 7current ratio 105.84
Current ratio from 14.76 to 105.84; short-term debt falls from €3,567 to €565.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet -€6,410
Net result drops to -€6,410, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity quadruplescurrent ratio 14.76
Current ratio from 3.77 to 14.76; short-term debt falls from €19,806 to €3,567.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
04-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Mouscron · 1 establishment unit since 2012
Ground area
228 m²
Building footprint
56 m²
Parcel 54007B0022/00W000, Wallonia. Linked by address, not a title deed.
1 establishment unit
SOCAGES
since 20122.207.323.981
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54007B0022/00W000 | Wallonia | 228 m² | 1 · 56 m² | - |
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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 36,597 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
Founded16-02-2012
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0843744305
Also
9925:BE0843744305
Registered
16-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.