SOCIM
InactiveSOCIM was declared bankrupt on 22-02-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 01-10-2024, published in the Belgian State Gazette on 20-11-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline27-09-2026 today
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
13 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 9 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, abbreviated schema
Equity
-€175,276
2019 · €189,400
Total assets
€945,550▼ 32.4%
2019 · €1.4m
Net result
-€364,676
2019 · €1,269
Working capital
-€203,549
2019 · €150,037
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€24,366-€22,503▼ 7.6%-€350,769
Net result€194-€1,269▲ 554%-€364,676
Equity€188,132-€189,400▲ 0.7%-€175,276
Total assets€1.6m-€1.4m▼ 12.6%€945,550▼ 32.4%
Debt€1.4m-€1.2m▼ 14.4%€1.1m▼ 7.3%
Working capital€154,525-€150,037▼ 2.9%-€203,549
Staff (FTE)17-16.7▼ 1.8%16.1▼ 3.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €350,769 after €22,503 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €945,550
Fixed assets
€207,214 ▼ 19.2%
Current assets
€738,335 ▼ 35.3%
Key figures and ratios
EBITDA
-€286,300▼
2019 · €101,081
Cash flow
-€300,208▼
2019 · €79,847
Solvency
-18.5%▼
2019 · 13.5%
Current ratio
0.78▼
2019 · 1.15
Quick ratio
0.75▼
2019 · 1.11
Debt to equity
-1.02▼
2019 · 1.15
ROA
-38.6%▼
2019 · 0.1%
Debt ≤ 1 year
€941,884▼
2019 · €991,814
Debt > 1 year
€178,942▼
2019 · €217,067
Income taxes
€1,250▼
2019 · €10,712
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €84,266 | €78,578 | €64,469 | ▼ 18.0% |
| Gross operating margin9900 | €1.0m | €1.1m | €513,592 | ▼ 53.5% |
| Operating profit (loss)9901 | €24,366 | €22,503 | -€350,769 | ▼ 1,659% |
| Recurring financial income75 | €449 | €89 | €805 | ▲ 801% |
| Recurring financial charges65 | €16,693 | €10,612 | €13,463 | ▲ 26.9% |
| Profit (loss) for the period before taxes9903 | €8,121 | €11,981 | -€363,426 | ▼ 3,133% |
| Income taxes67/77 | €7,927 | €10,712 | €1,250 | ▼ 88.3% |
| Profit (loss) for the period9904 | €194 | €1,269 | -€364,676 | ▼ 28,839% |
| Profit (loss) for the period to be appropriated9905 | €194 | €1,269 | -€364,676 | ▼ 28,839% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.6m | €1.4m | €945,550 | ▼ 32.4% |
| Fixed assets21/28 | €326,162 | €256,430 | €207,214 | ▼ 19.2% |
| Tangible fixed assets22/27 | €326,065 | €256,333 | €207,117 | ▼ 19.2% |
| Financial fixed assets28 | €97 | €97 | €97 | = |
| Current assets29/58 | €1.3m | €1.1m | €738,335 | ▼ 35.3% |
| Stocks and contracts in progress3 | €35,632 | €40,877 | €35,000 | ▼ 14.4% |
| Amounts receivable within one year40/41 | €1.1m | €920,485 | €470,886 | ▼ 48.8% |
| Cash at bank and in hand54/58 | €146,436 | €125,222 | €232,449 | ▲ 85.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.6m | €1.4m | €945,550 | ▼ 32.4% |
| Equity10/15 | €188,132 | €189,400 | -€175,276 | ▼ 193% |
| Contributions10/11 | €162,000 | €162,000 | €162,000 | = |
| Reserves13 | €26,132 | €27,400 | €16,200 | ▼ 40.9% |
| Profit (loss) carried forward14 | - | - | -€353,476 | - |
| Amounts payable17/49 | €1.4m | €1.2m | €1.1m | ▼ 7.3% |
| Amounts payable after more than one year17 | €292,555 | €217,067 | €178,942 | ▼ 17.6% |
| Amounts payable within one year42/48 | €1.1m | €991,814 | €941,884 | ▼ 5.0% |
| Trade debts44 | €450,809 | €265,515 | €213,822 | ▼ 19.5% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €194 | €1,269 | -€364,676 | ▼ 28,839% |
| + Depreciation and write-downs630 | €84,266 | €78,578 | €64,469 | ▼ 18.0% |
| Operating cash flow (approximation) | €84,461 | €79,847 | -€300,208 | ▼ 476% |
| Investment in fixed assets (approximation) | - | -€8,846 | -€15,253 | ▼ 72.4% |
| Change in cash | - | -€21,214 | €107,227 | ▲ 605% |
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
2024
20-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · event 01-10-2024
2022
27-04
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 22-02-2022
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€364,676
Net result drops to -€364,676, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €1,269 ▲554%
Net result €1,269, the highest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
11-03
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
05-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
02-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has 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
4 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WIM HEETHEM WATERLOOSESTEENWEG 412/F,
1050 BRUSSEL 5 |
22-02-2022 → 01-10-2024 |
Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts H.V.F. 202145.68%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.