SOCOMADE
ActiveSOCOMADE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €690k and a net result of €-36k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 61% of 37972 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
73
/ 100
Healthy▲ +21 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 4.96 against 5.68 in 2023), and 31.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 70
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
68.8%
Return on assets
-3.5%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€36k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
40 d early
2022
40 d early
2021
32 d early
2020
94 d early
2019
46 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€690k▼ 4.9%
2023 · €726k
2019: €870k
2020: €804k
2021: €706k
2022: €808k
2023: €726k
2019 → 2024
Total assets
€1.00M▼ 5.8%
2023 · €1.07M
2019: €1.31M
2020: €1.20M
2021: €1.12M
2022: €1.15M
2023: €1.07M
2019 → 2024
Net result
€-36k▲ 56.9%
2023 · €-83k
2019: €821k
2020: €-66k
2021: €-98k
2022: €102k
2023: €-83k
2019 → 2024
Working capital
€36k▼ 26.4%
2023 · €49k
2019: €67k
2020: €3k
2021: €16k
2022: €103k
2023: €49k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€804k-€706k▼ 12.2%€808k▲ 14.4%€726k▼ 10.2%€690k▼ 4.9%
Operating result€-61k-€-78k▼ 28.0%€119k€-70k€-23k▲ 66.5%
Net result€-66k-€-98k▼ 48.3%€102k€-83k€-36k▲ 56.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2024 against €70k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.00M
Fixed assets
€958k▼ 4.7%
Current assets
€45k▼ 24.0%
Equity and liabilities €1.00M
Equity
€690k▼ 4.9%
Provisions
€0▼ 100%
Debt
€313k▼ 0.4%
The debt ratio rises from 29.5% to 31.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€24k▲
2023 · €-24k
Cash flow
€12k▲
2023 · €-37k
Solvency
68.8%▲
2023 · 68.1%
Current ratio
4.96▼
2023 · 5.68
Quick ratio
4.96▼
2023 · 5.68
Debt / equity
0.45▲
2023 · 0.43
ROE
-5.2%▲
2023 · -11.4%
ROA
-3.5%▲
2023 · -7.7%
Interest coverage
2.01▲
2023 · -1.89
Debt
€313k▼
2023 · €315k
Debt ≤ 1 year
€9k▼
2023 · €10k
Debt > 1 year
€304k=
2023 · €304k
Income taxes
€146▲
2023 · €112
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.07M€1.00M▼
Fixed assets21/28€1.01M€958k▼
Tangible fixed assets22/27€1.01M€958k▼
Land and buildings22€1.00M€957k▼
Furniture and vehicles24€6k€974▼
Financial fixed assets28€397€397=
Current assets29/58€59k€45k▼
Amounts receivable within one year40/41€2k€8k▲
Trade receivables40€2k€3k▲
Other amounts receivable41-€5k
Cash at bank and in hand54/58€56k€36k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€1.07M€1.00M▼
Equity10/15€726k€690k▼
Contributions10/11€245k€245k=
Capital10€245k€245k=
Issued capital100€245k€245k=
Reserves13€610k€610k=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Distributable reserves133€585k€585k=
Profit (loss) carried forward14€-129k€-164k▼
Provisions and deferred taxes16€25k-
Provisions for liabilities and charges160/5€25k-
Other liabilities and charges164/5€25k-
Amounts payable17/49€315k€313k▼
Amounts payable after more than one year17€304k€304k=
Financial debts170/4€300k€300k=
Other amounts payable178/9€4k€4k=
Amounts payable within one year42/48€10k€9k▼
Trade debts44€7k€2k▼
Suppliers440/4€7k€2k▼
Advances received on contracts in progress46€2k€4k▲
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48€347€159▼
Income statement
Code20232024
Non-recurring operating income76A-€6k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€48k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-1k€-25k▼
Other operating charges640/8€7k€6k▼
Non-recurring operating charges66A-€750
Gross operating margin9900€-18k€6k▲
Operating profit (loss)9901€-70k€-23k▲
Financial income75/76B-€82
Recurring financial income75-€82
Financial charges65/66B€13k€12k▼
Recurring financial charges65€13k€12k▼
Profit (loss) for the period before taxes9903€-82k€-35k▲
Income taxes67/77€112€146▲
Profit (loss) for the period9904€-83k€-36k▲
Profit (loss) for the period to be appropriated9905€-83k€-36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-129k€-164k▼
Profit (loss) brought forward from the previous period14P€-46k€-129k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €102k
Net result €102k after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 11.09
Current ratio from 2.07 to 11.09; short-term debt falls from €15k to €10k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-98k
Net result drops to €-98k, the lowest in the series; recovery starts the following year.
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
07-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
09-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
16-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gachardstraat 631050 ElseneGround area
235 m²
Building footprint
127 m²
Volume, LiDAR
2,136 m³
Parcel 21444B0198/00F010, Brussels · tallest building 20.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Gachardstraat 63, 1050 Elsene
since 19922.055.948.652
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0198/00F010 | Brussels | 235 m² | 1 · 127 m² | 20.5 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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ASKKNA
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EIFERMAN
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THINK TALENT
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Of 82,201 companies in sector 70200 we hold annual accounts for 52,400. 31,616 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-08-1991
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.