SOCODAN
ActiveSummary
SOCODAN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,105 and a net result of €2,227. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 91% of 9268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+4
Solvency100▲+3
Growth22=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 11.44 against 2.73 in 2024; short-term debt: 5.4% and cash: 25.9% of total assets), and 8.7% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
91.3%
Return on assets
5.5%
Age of the figures
9 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
2 d early
2023
8 d late
2022
11 d late
2021
30 d late
2020
26 d early
2019
31 d late
← 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 5 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 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 simulator 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
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, abbreviated schema
Turnover
€61,958▼ 9.6%
2018 · €68,531
EBIT margin
56.3%▼ 13.3pp
2018 · 69.6%
Net result
€2,227▲ 109%
2024 · €1,065
Working capital
€23,113▲ 19.1%
2024 · €19,406
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
Line20212022202320242025
Turnover
Operating result€26,748▼ 42.6%€46,426▲ 73.6%€9,333▼ 79.9%€4,204▼ 55.0%€3,014▼ 28.3%
Net result€27,350▼ 33.3%€36,467▲ 33.3%€6,295▼ 82.7%€1,065▼ 83.1%€2,227▲ 109%
EBIT margin
Equity€64,550▲ 73.5%€27,518▼ 57.4%€33,813▲ 22.9%€34,877▲ 3.1%€37,105▲ 6.4%
Total assets€85,239▼ 62.7%€110,266▲ 29.4%€46,854▼ 57.5%€48,341▲ 3.2%€40,659▼ 15.9%
Debt€20,688▼ 89.2%€82,749▲ 300%€13,041▼ 84.2%€13,464▲ 3.2%€3,555▼ 73.6%
Working capital€40,776€6,628▼ 83.7%€13,544▲ 104%€19,406▲ 43.3%€23,113▲ 19.1%
Staff (FTE)0000
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 28% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40,659
Fixed assets
€15,331 ▼ 13.4%
Current assets
€25,328 ▼ 17.3%
Equity and liabilities €40,659
Equity
€37,105 ▲ 6.4%
Debt
€3,555 ▼ 73.6%
Debt's share of the balance-sheet total falls from 27.9% to 8.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,363▼
2024 · €6,861
Cash flow
€4,576▲
2024 · €3,722
Current ratio
11.44▲
2024 · 2.73
Debt to equity
0.10▼
2024 · 0.39
ROE
6.0%▲
2024 · 3.1%
ROA
5.5%▲
2024 · 2.2%
Interest coverage
120.48▼
2024 · 295.86
Debt ≤ 1 year
€2,215▼
2024 · €11,234
Debt > 1 year
€1,340▼
2024 · €1,430
Income taxes
€742▼
2024 · €3,161
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 | €0 | €17,500 | €0 | - | €68 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,568 | €2,885 | €2,961 | €2,657 | €2,348 | ▼ 11.6% |
| Other operating charges640/8 | €2,666 | €2,210 | €2,144 | €2,039 | €2,082 | ▲ 2.1% |
| Non-recurring operating charges66A | - | - | €5,427 | €0 | €251 | - |
| Gross operating margin9900 | €42,983 | €51,521 | €19,866 | €8,900 | €7,696 | ▼ 13.5% |
| Operating profit (loss)9901 | €26,748 | €46,426 | €9,333 | €4,204 | €3,014 | ▼ 28.3% |
| Financial income75/76B | €9,092 | €0 | €26 | €45 | €0 | ▼ 100% |
| Recurring financial income75 | €9,092 | €0 | €26 | €45 | €0 | ▼ 100% |
| Financial charges65/66B | €16 | €27 | €28 | €23 | €45 | ▲ 91.9% |
| Recurring financial charges65 | €16 | €27 | €28 | €23 | €45 | ▲ 91.9% |
| Profit (loss) for the period before taxes9903 | €35,824 | €46,399 | €9,331 | €4,225 | €2,970 | ▼ 29.7% |
| Income taxes67/77 | €8,473 | €9,931 | €3,036 | €3,161 | €742 | ▼ 76.5% |
| Profit (loss) for the period9904 | €27,350 | €36,467 | €6,295 | €1,065 | €2,227 | ▲ 109% |
| Profit (loss) for the period to be appropriated9905 | €27,350 | €36,467 | €6,295 | €1,065 | €2,227 | ▲ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85,239 | €110,266 | €46,854 | €48,341 | €40,659 | ▼ 15.9% |
| Fixed assets21/28 | €23,774 | €20,889 | €20,358 | €17,701 | €15,331 | ▼ 13.4% |
| Tangible fixed assets22/27 | €23,752 | €20,868 | €20,337 | €17,680 | €15,331 | ▼ 13.3% |
| Land and buildings22 | €19,301 | €17,507 | €17,841 | €15,683 | €13,834 | ▼ 11.8% |
| Plant, machinery and equipment23 | €3,828 | €3,060 | €2,496 | €1,997 | €1,497 | ▼ 25.0% |
| Furniture and vehicles24 | €623 | €301 | €0 | - | - | - |
| Financial fixed assets28 | €22 | €22 | €22 | €22 | €0 | ▼ 100% |
| Current assets29/58 | €61,465 | €89,377 | €26,495 | €30,640 | €25,328 | ▼ 17.3% |
| Amounts receivable within one year40/41 | €2,582 | €4,921 | €134 | €25,210 | €12,586 | ▼ 50.1% |
| Trade receivables40 | - | €2,338 | €0 | €14,132 | €385 | ▼ 97.3% |
| Other amounts receivable41 | €2,582 | €2,582 | €134 | €11,077 | €12,201 | ▲ 10.1% |
| Cash at bank and in hand54/58 | €58,882 | €84,257 | €26,343 | €5,430 | €10,520 | ▲ 93.7% |
| Deferred charges and accrued income490/1 | - | €199 | €18 | €0 | €2,222 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85,239 | €110,266 | €46,854 | €48,341 | €40,659 | ▼ 15.9% |
| Equity10/15 | €64,550 | €27,518 | €33,813 | €34,877 | €37,105 | ▲ 6.4% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Non-distributable reserves130/1 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves not available under the articles1311 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €37,050 | €18 | €6,313 | €7,377 | €9,605 | ▲ 30.2% |
| Amounts payable17/49 | €20,688 | €82,749 | €13,041 | €13,464 | €3,555 | ▼ 73.6% |
| Amounts payable after more than one year17 | - | - | €90 | €1,430 | €1,340 | ▼ 6.3% |
| Other amounts payable178/9 | - | - | €90 | €1,430 | €1,340 | ▼ 6.3% |
| Amounts payable within one year42/48 | €20,688 | €82,749 | €12,951 | €11,234 | €2,215 | ▼ 80.3% |
| Trade debts44 | €3,924 | €1,333 | €1,000 | €4,603 | €1,566 | ▼ 66.0% |
| Suppliers440/4 | €3,924 | €1,333 | €1,000 | €4,603 | €1,566 | ▼ 66.0% |
| Taxes, remuneration and social security45 | €10,124 | €1,933 | €5,968 | €648 | €648 | = |
| Taxes450/3 | €10,124 | €1,933 | €4,023 | €0 | - | - |
| Remuneration and social security454/9 | - | - | €1,945 | €648 | €648 | = |
| Other amounts payable47/48 | €6,641 | €79,483 | €5,983 | €5,983 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €800 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,350 | €36,467 | €6,295 | €1,065 | €2,227 | ▲ 109% |
| + Depreciation and write-downs630 | €13,568 | €2,885 | €2,961 | €2,657 | €2,348 | ▼ 11.6% |
| Operating cash flow (approximation) | €40,919 | €39,352 | €9,256 | €3,722 | €4,576 | ▲ 22.9% |
| Investment in fixed assets (approximation) | - | €0 | -€2,430 | €0 | €22 | - |
| Change in cash | - | €25,375 | -€57,914 | -€20,913 | €5,090 | ▲ 124% |
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
26-08
State Gazette act
Resignation: Joseph Daniels (director)2 facts ▸
State Gazette act
Resignation: Joseph Daniels (director)
2 facts ▸
- General meeting, 30-06-2026
- Director resignation, Joseph Daniels (director)
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 11.44
Current ratio from 2.73 to 11.44; short-term debt falls from €11,234 to €2,215.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €1,065 ▼83.1%
Net result drops to €1,065, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 11 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 2.97
Current ratio from 1.00 to 2.97; short-term debt falls from €191,241 to €20,688.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €40,995 ▲85.9%
Net result €40,995, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
Show earlier events
2019
31-12
Financial
Liquidity quadruplescurrent ratio 19.22
Current ratio from 4.50 to 19.22; short-term debt falls from €39,378 to €9,255.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have 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
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1990
Ground area
721 m²
Building footprint
564 m²
Volume, LiDAR
15,379 m³
2 parcels, Wallonia · tallest building 32.2 m, ±10 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Quai Godefroid-Kurth 13, 4020 Liège
since 19902.048.157.869
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62808A0004/02L000 | Wallonia | 518 m² | 1 · 488 m² | 32.2 m · 10 fl. |
| 62806C0619/00N004 | Wallonia | 203 m² | 1 · 77 m² | 15.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Joseph Daniels |
|
Similar companies · same sector, comparable size
"CORTO IMMO"
BE 0720.913.995
Tournai · Eq €37,090
DARIO HOPE
BE 1000.056.835
Manage · Eq €37,060
HEJME CB 105
BE 0733.891.211
Gent · Eq €37,155
TALPAN
BE 0443.202.007
Oudenaarde · Eq €36,995
Tokyo Estate
BE 0759.582.155
Kortrijk · Eq €36,988
Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 2,956 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
Founded04-04-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.