SOCATRA
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 10-07-2026 at the NBB all 49 filings
Every figure per financial year
The operating result for 2025 is a profit of €379,187, after a loss of €322,155 in 2024. It is the highest result since 2021.
- 2025 Equity +110% on 2024. Capital increase of €2,300,000 (Official Gazette 15-04-2025).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 173 | 182 | 169 | 150 | 147 |
| full-time | 167 | 176 | 161 | 145 | 139 |
| part-time | 6 | 6 | 8 | 5 | 8 |
| in full-time equivalents | 171.5 | 180.5 | 167.1 | 148.7 | 145 |
| Average over the year, in full-time equivalents | 169.2 | 184.1 | 174.2 | 157.4 | 147.6 |
| On a permanent contract | 168 | 182 | 169 | 149 | 147 |
| Joined | 59 | 42 | 3 | 13 | 14 |
| Left | 41 | 33 | 16 | 32 | 17 |
| Agency workers, average number | 0.3 | - | - | - | 1 |
| Training hours | 180 | 294 | 1,855 | 2,173 | 3,626 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €598,861 | €407,273 | €379,738 | €572,159 | €228,334 |
| Intangible fixed assets | €45,000 | - | - | - | - |
| Depreciation and write-downs of the year | €517,371 | €584,475 | €552,514 | €412,832 | €376,688 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €20,111 | €22,650 | €21,555 | €24,800 | €23,250 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
European Union, budget
2025 · 1 entry · €800,000 in totalPublic contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €57.8m | €54.6m | €48.9m | €55.1m | €57.2m | ▲ 3.9% |
| Turnover70 | €43.6m | €48.6m | €53.1m | €56.0m | €53.4m | €47.2m | €51.7m | €58.2m | ▲ 12.6% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | -€0.1m | -€1.4m | €0.6m | €1.5m | -€1.8m | - |
| Own construction capitalised72 | - | - | - | €0.08m | €0.04m | €0.04m | €0.02m | €0.02m | ▲ 35.1% |
| Other operating income74 | - | - | - | €1.8m | €2.6m | €1.0m | €1.9m | €0.9m | ▼ 52.2% |
| Non-recurring operating income76A | - | - | - | €37 | €37 | €37 | €37 | - | - |
| Operating charges60/66A | - | - | - | €57.4m | €55.2m | €49.2m | €55.4m | €56.9m | ▲ 2.6% |
| Goods for resale, raw materials and consumables60 | - | - | - | €44.3m | €40.8m | €35.1m | €41.1m | €41.8m | ▲ 1.8% |
| Purchases600/8 | - | - | - | €44.6m | €40.7m | €35.2m | €41.1m | €41.8m | ▲ 1.8% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.3m | €0.06m | -€0.1m | €0.05m | €0.05m | ▲ 8.3% |
| Services and other goods61 | - | - | - | €2.8m | €3.0m | €3.0m | €3.1m | €3.7m | ▲ 19.1% |
| Remuneration, social security and pensions62 | - | - | - | €9.7m | €10.8m | €10.5m | €10.5m | €10.2m | ▼ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.3m | €0.4m | €0.5m | €0.6m | €0.6m | €0.4m | €0.4m | ▼ 8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | -€0.006m | -€0.4m | ▼ 6,441% |
| Other operating charges640/8 | - | - | - | €0.1m | €0.08m | €0.09m | €0.3m | €0.6m | ▲ 132% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €0.5m | - |
| Operating profit (loss)9901 | €0.4m | €0.4m | €0.5m | €0.4m | -€0.6m | -€0.3m | -€0.3m | €0.4m | - |
| Financial income75/76B | - | - | - | €0.05m | €0.05m | €0.002m | €0.02m | €0.07m | ▲ 191% |
| Recurring financial income75 | €0.09m | €0.04m | €0.01m | €0.05m | €0.05m | €0.002m | €0.02m | €0.07m | ▲ 191% |
| Income from current assets751 | - | - | - | €417 | €448 | €0.001m | €0.02m | €0.06m | ▲ 195% |
| Other financial income752/9 | - | - | - | €0.05m | €0.05m | €0.001m | €0.002m | €0.004m | ▲ 143% |
| Financial charges65/66B | - | - | - | €0.2m | €0.2m | €0.3m | €0.5m | €0.4m | ▼ 23.1% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.5m | €0.4m | ▼ 23.1% |
| Debt charges650 | €0.04m | €0.03m | €0.07m | €0.07m | €0.05m | €0.1m | €0.3m | €0.3m | ▼ 16.9% |
| Other financial charges652/9 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 33.0% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.3m | €0.3m | €0.2m | -€0.7m | -€0.6m | -€0.8m | €0.07m | - |
| Income taxes67/77 | €0.2m | €0.2m | €0.2m | €0.2m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 6.5% |
| Taxes670/3 | - | - | - | €0.2m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 6.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €7 | €1 | - | €3 | €4 | ▲ 39.5% |
| Profit (loss) for the period9904 | €0.1m | €0.09m | €0.2m | €0.02m | -€0.7m | -€0.6m | -€0.8m | €0.06m | - |
| Transfer from tax-exempt reserves789 | - | - | - | €0.1m | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.09m | €0.2m | €0.1m | -€0.7m | -€0.6m | -€0.8m | €0.06m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €21.2m | €25.0m | €26.3m | €24.2m | €25.0m | €23.9m | €27.6m | €25.3m | ▼ 8.5% |
| Fixed assets21/28 | €0.9m | €1.3m | €1.3m | €1.5m | €1.2m | €1.0m | €1.1m | €0.9m | ▼ 14.5% |
| Intangible fixed assets21 | - | - | - | €0.04m | €0.03m | €0.02m | €0.01m | €0.002m | ▼ 85.7% |
| Tangible fixed assets22/27 | €0.8m | €1.3m | €1.3m | €1.4m | €1.2m | €0.9m | €1.1m | €0.9m | ▼ 14.6% |
| Plant, machinery and equipment23 | - | - | - | €0.6m | €0.5m | €0.6m | €0.6m | €0.5m | ▼ 19.1% |
| Furniture and vehicles24 | - | - | - | €0.8m | €0.7m | €0.3m | €0.5m | €0.4m | ▼ 8.6% |
| Financial fixed assets28 | €0.01m | €0.009m | €0.01m | €0.03m | €0.03m | €0.03m | €0.01m | €0.02m | ▲ 63.2% |
| Other financial fixed assets284/8 | - | - | - | €0.03m | €0.03m | €0.03m | €0.01m | €0.02m | ▲ 63.2% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.03m | €0.03m | €0.03m | €0.01m | €0.02m | ▲ 63.2% |
| Current assets29/58 | €20.3m | €23.7m | €25.0m | €22.7m | €23.8m | €22.9m | €26.5m | €24.3m | ▼ 8.3% |
| Stocks and contracts in progress3 | €0.5m | €0.5m | €0.7m | €5.2m | €3.7m | €3.6m | €5.0m | €3.1m | ▼ 37.7% |
| Stocks30/36 | - | - | - | €1.0m | €1.0m | €1.1m | €1.1m | €1.0m | ▼ 4.7% |
| Raw materials and consumables30/31 | - | - | - | €1.0m | €1.0m | €1.1m | €1.1m | €1.0m | ▼ 4.7% |
| Contracts in progress37 | - | - | - | €4.2m | €2.7m | €2.5m | €4.0m | €2.1m | ▼ 46.6% |
| Amounts receivable within one year40/41 | €14.3m | €15.5m | €15.2m | €16.5m | €18.5m | €18.3m | €20.1m | €18.8m | ▼ 6.5% |
| Trade receivables40 | - | - | - | €12.3m | €11.0m | €9.9m | €12.4m | €13.0m | ▲ 4.7% |
| Other amounts receivable41 | - | - | - | €4.3m | €7.5m | €8.4m | €7.7m | €5.8m | ▼ 24.6% |
| Current investments50/53 | €0.004m | €124 | €124 | €124 | €124 | €124 | €124 | €124 | = |
| Other investments51/53 | - | - | - | €124 | €124 | €124 | €124 | €124 | = |
| Cash at bank and in hand54/58 | €1.5m | €2.1m | €4.2m | €0.2m | €1.5m | €0.8m | €1.3m | €2.3m | ▲ 79.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.7m | €0.1m | €0.09m | €0.1m | €0.1m | ▼ 13.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €21.2m | €25.0m | €26.3m | €24.2m | €25.0m | €23.9m | €27.6m | €25.3m | ▼ 8.5% |
| Equity10/15 | €3.6m | €3.7m | €3.8m | €3.9m | €3.2m | €2.5m | €2.1m | €4.5m | ▲ 110% |
| Contributions10/11 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.8m | €4.1m | ▲ 128% |
| Capital10 | - | - | - | €1.4m | €1.4m | €1.4m | €1.8m | €4.1m | ▲ 128% |
| Issued capital100 | - | - | - | €1.4m | €1.4m | €1.4m | €1.8m | €4.1m | ▲ 128% |
| Reserves13 | €2.2m | €2.3m | €2.4m | €2.5m | €1.8m | €1.1m | €0.3m | €0.4m | ▲ 16.9% |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 2.1% |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 2.1% |
| Distributable reserves133 | - | - | - | €2.3m | €1.6m | €1.0m | €0.2m | €0.3m | ▲ 27.1% |
| Amounts payable17/49 | €17.6m | €21.3m | €22.5m | €20.3m | €21.9m | €21.3m | €25.5m | €20.8m | ▼ 18.5% |
| Amounts payable after more than one year17 | €0.3m | €0.3m | €0.2m | €0.08m | €0.1m | €1.2m | €1.4m | €0.3m | ▼ 78.1% |
| Financial debts170/4 | - | - | - | €0.08m | €0.1m | €1.2m | €1.4m | €0.3m | ▼ 78.1% |
| Subordinated loans170 | - | - | - | - | - | €1.0m | €1.0m | - | - |
| Credit institutions173 | - | - | - | €0.08m | €0.1m | €0.2m | €0.4m | €0.3m | ▼ 27.3% |
| Amounts payable within one year42/48 | €17.3m | €21.0m | €22.3m | €20.1m | €21.7m | €20.1m | €24.0m | €20.4m | ▼ 15.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.1m | €0.09m | €0.2m | €0.2m | ▲ 7.2% |
| Financial debts43 | - | - | - | €2.4m | €2.1m | €2.9m | €4.2m | €1.6m | ▼ 62.9% |
| Credit institutions430/8 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €1.6m | ▲ 394% |
| Other loans439 | - | - | - | €2.1m | €1.8m | €2.6m | €3.9m | - | - |
| Trade debts44 | €10.3m | €13.4m | €13.4m | €13.4m | €11.0m | €8.9m | €12.6m | €12.7m | ▲ 0.6% |
| Suppliers440/4 | - | - | - | €13.4m | €11.0m | €8.9m | €12.6m | €12.7m | ▲ 0.6% |
| Advances received on contracts in progress46 | - | - | - | €0.6m | €0.7m | €0.5m | €0.9m | €0.6m | ▼ 29.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.7m | €1.0m | €0.8m | €0.9m | €0.7m | ▼ 19.0% |
| Taxes450/3 | - | - | - | €0.05m | €0.2m | €0.07m | €0.2m | €0.2m | ▼ 5.1% |
| Remuneration and social security454/9 | - | - | - | €0.7m | €0.8m | €0.8m | €0.7m | €0.5m | ▼ 22.4% |
| Other amounts payable47/48 | - | - | - | €2.8m | €6.8m | €6.9m | €5.3m | €4.7m | ▼ 11.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.09m | €0.06m | €0.06m | €0.06m | €0.06m | ▼ 0.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.09m | €0.2m | €0.02m | -€0.7m | -€0.6m | -€0.8m | €0.06m | - |
| + Depreciation and write-downs630 | €0.2m | €0.3m | €0.4m | €0.5m | €0.6m | €0.6m | €0.4m | €0.4m | ▼ 8.8% |
| Operating cash flow (approximation) | €0.4m | €0.4m | €0.6m | €0.5m | -€0.1m | -€0.06m | -€0.4m | €0.4m | - |
| Investment in fixed assets (approximation) | - | -€0.7m | -€0.5m | -€0.6m | -€0.3m | -€0.3m | -€0.5m | -€0.2m | ▲ 57.1% |
| Change in cash | - | €0.6m | €2.1m | -€4.0m | €1.3m | -€0.7m | €0.5m | €1.0m | ▲ 116% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 733 companies had the same profile as SOCATRA has now. Two years later, 97.3% were still going and 1.0% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOCATRA itself: 0.5% 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 733 companies, not a prediction for SOCATRA. 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.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 10-07-2026 | 2026-00286843 | |
| 31-12-2024 | full format | 03-07-2025 | 2025-00231978 | |
| 31-12-2023 | full format | 12-07-2024 | 2024-00246425 | |
| 31-12-2022 | full format | 18-07-2023 | 2023-00251803 | |
| 31-12-2021 | full format | 13-07-2022 | 2022-20190748 | |
| 31-12-2020 | full format | 27-07-2021 | 2021-40100160 | |
| 31-12-2019 | full format | 10-07-2020 | 2020-29400360 | |
| 31-12-2018 | full format | 05-07-2019 | 2019-29700408 | |
| 31-12-2017 | full format | 10-07-2018 | 2018-31700307 | |
| 31-12-2016 | full format | 15-06-2017 | 2017-18600275 |