Equity
€1.6m ▲ 199%
Equity rose in 2025 from €523,992 to €1.6m.
Socaré
Lifetime
5 annual accounts with figures on one time axisGross marginpeak €1.4m (2025)
€1.4m▲ €1.4m
Resultlowest -€14,534 (2021)
€1.0m▲ €1.1m
Equitypeak €1.6m (2025)
€1.6m▲ 199%
Debts
€2.0m▲ 31×
Board10 names since 2020
4 directorsPaul Lievens and 3 others
Owners3 names in the annual accounts
100%PSR and 1 other
Documentsfilings and deeds
08-07-202623 days before the deadline
2025abbreviated format
Gross margin from -€7,108 to €1.4mBack to profit: €1.0mRegistered office moved from Brussels to Aalst 17-091 director appointed, 1 resignation 08-08Equity from €523,992 to €1.6mDebts from €63,717 to €2.0m
Key points
from the 2025 annual accountsDebts
€2.0m ▲ 31×
Debts rose by €1.9m in 2025.
Securities
€56.9m
Mortgage mandates, new in 2025. 36.3 times equity · not in the 2024 accounts.
Liquidity
1.79 was 9.22 in 2024
Short-term debts rose from €63,717 to €2.0m.
At the same address
105 companies
Board
4 joined · 1 left
Board changed. Latest change 26-06-2026 · 4 in office.
Checked score
94
Excellent
Financially stronger than 67% of small companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%▼ -0.1 percentage points vs 08-2025
10-2025: 0.5%▲ +0.3 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.6%▲ +0.1 percentage points vs 04-2026
06-2026: 0.8%▲ +0.2 percentage points vs 05-2026
07-2026: 0.9%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.1%▼ -0.8 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Founded in 2020
lowers risk
Size: total assets €3.6m
Figures for financial year 2025 (filed on 08-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small). It does better than 43% of them on solvency, 29% on liquidity, 98% on profitability and 97% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,782 companies had the same profile as Socaré has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of Socaré itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,782 companies, not a prediction for Socaré. 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
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.79 (9.22 in 2024), above the usual 1.5. Short-term debt is 55.9% and cash 15.9% of total assets. However, 55.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €1.6m
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 08-07-2026, 23 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
23 days early
2024
21 days late
2023
6 days late
2022
6 days early
2021
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 5 accounts on average 4 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BB
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
Auditor, CATRY Veerle
- PSR 100%score 83equity €33.6m (2025) · 2025 annual accounts of PSR
- Sofidra SA ( Jan De Nul Group ) consolidatesannual accounts 2025
Recent changes
2 directors appointed, 1 statutory auditor appointed, 4 reappointments
Reappointments: Jan De Nul NV, JDN BV, Paul Lievens and Geeroms Makelaars & Consultancy BV · Permanent representatives: Ir. J.P.J. De Nul, Mw. Julie De Nul, Johan Geeroms and Sam Vander Vennet · Appointments: Jan De Nul NV (managing director), JDN BV (managing director) and BDO Bedrijfsrevisoren BV (statutory auditor) · General meeting of 26-06-2026 · Gazette deed
New managing director
JDN appointed, Julie De Nul resigned · Gazette deed
Appointment: Jan De Nul NV (managing director)
General meeting of 29-01-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0755640886
Official details
Source: KBO- Status
- Active since 02-10-2020Normal situation
- Registered office
- 106 active companies are registered at this address9 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- “De uitvoering van alle vastgoedactiviteiten, waaronder onder meer doch niet beperkt tot de aankoop…” (deed in Dutch)From the articles, 24 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.309.375.6041000 Brussels, since 02-10-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Annual accounts 2025
- Turnover
- ≈ €2.4mestimated
- Total assets
- €3.6m▲ 505%
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Insights on Socaré
Socaré files the abbreviated format. That format states no turnover. The gross margin rose from -€4,652 in 2022 to €1.4m in 2025.
PSR holds all the shares. In 2025, three directors stepped down. In April 2026, the Official Gazette published the appointment of JDN as managing director.
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 Socaré
- What is the company number of Socaré?
- The company number of Socaré is 0755.640.886. The VAT number is the same number with BE in front: BE 0755.640.886.
- Where is Socaré based?
- The registered office is at Tragel 60, 9308 Aalst.Company details
- What is the legal form of Socaré?
- Socaré is a private limited company (BV).
- When was Socaré founded?
- Socaré was founded on 02-10-2020.
- Is Socaré still active?
- Yes, Socaré is an active enterprise in the KBO register.
- What is the turnover of Socaré?
- The turnover in financial year 2025 is ≈ €2.4m. This figure is estimated from the gross margin of €1.4m and 1,584 comparable companies of the same size. It probably lies between €1.6m and €4.0m. It is a rough estimate.Financials
- Is Socaré profitable?
- In financial year 2025, Socaré made a profit of €1.0m.
- Where can I find the annual accounts of Socaré?
- Socaré filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Socaré due?
- Socaré must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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