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SOCON

Active
Private limited company (pre-2019)founded 199630 yrs activeSint-Rembertlaan 28, 8820 Torhout, BelgiumKBO/BCE: BE 0458.163.860
Summary

SOCON has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€13,938) and a net result of -€26,666. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 9521 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability0▼-31
Solvency0▼-40
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.79 against 1.17 in 2023; short-term debt: 126% and cash: 29.2% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024
Solvency, return and age of the figures
Solvency
-26%
Return on assets
-49.7%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 30 years 0 40 y
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€13,938
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
71 d late
2023
69 d late
2022
31 d late
2021
78 d late
2020
91 d late
2019
122 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 77 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SOCON was incorporated on 13 June 1996.1 Total assets fell from EUR 132,145 in 2018 to EUR 53,625 in 2024 and headcount from 1.6 full-time equivalents in 2018 to 1.2 in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2021 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€13,938
2023 · €12,728
Total assets
€53,625▼ 38.4%
2023 · €87,082
Net result
-€26,666▼ 1,084%
2023 · -€2,252
Working capital
-€13,938
2023 · €12,728
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€23,676▼ 13.2%€6,852▼ 71.1%-€31,930-€1,882▲ 94.1%-€28,128▼ 1,394%
Net result€20,726within the sector's middle half▲ 19.6%€4,326within the sector's middle half▼ 79.1%-€32,313below the sector's middle half-€2,252below the sector's middle half▲ 93.0%-€26,666below the sector's middle half▼ 1,084%
Equity€42,967within the sector's middle half▲ 15.4%€47,293within the sector's middle half▲ 10.1%€14,980within the sector's middle half▼ 68.3%€12,728below the sector's middle half▼ 15.0%-€13,938below the sector's middle half
Total assets€175,567within the sector's middle half▲ 30.4%€171,816within the sector's middle half▼ 2.1%€76,622within the sector's middle half▼ 55.4%€87,082within the sector's middle half▲ 13.7%€53,625below the sector's middle half▼ 38.4%
Debt€132,600▲ 36.1%€124,523▼ 6.1%€61,642▼ 50.5%€74,354▲ 20.6%€67,562▼ 9.1%
Working capital€39,567▲ 22.6%€47,428▲ 19.9%€14,980▼ 68.4%€12,728▼ 15.0%-€13,938
Solvency24.5%within the sector's middle half▼ 3.2pp27.5%within the sector's middle half▲ 3.1pp19.6%within the sector's middle half▼ 8.0pp14.6%below the sector's middle half▼ 4.9pp-26.0%below the sector's middle half▼ 40.6pp
Staff (FTE)1within the sector's middle half▼ 16.7%1.2▲ 20.0%
above within below the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2020: €23,676€23,676Net result 2020: €20,726€20,726Operating result 2021: €6,852€6,852Net result 2021: €4,326€4,326Operating result 2022: -€31,930-€31,930Net result 2022: -€32,313-€32,313Operating result 2023: -€1,882-€1,882Net result 2023: -€2,252-€2,252Operating result 2024: -€28,128-€28,128Net result 2024: -€26,666-€26,66620202021202220232024-€40,000-€30,000-€20,000-€10,000€0Operating result 2022: -€31,930-€31,900Net result 2022: -€32,313-€32,300Operating result 2023: -€1,882-€1,880Net result 2023: -€2,252-€2,250Operating result 2024: -€28,128-€28,100Net result 2024: -€26,666-€26,700202220232024
The operating result stays negative: a loss of €28,128 in 2024 against €1,882 in 2023; the loss grows.
Key figures and ratios
2024 value · change against 2023
Current ratio
0.79▼
2023 · 1.17
Debt to equity
-4.85▼
2023 · 5.84
ROA
-49.7%▼
2023 · -2.6%
Debt ≤ 1 year
€67,562▼
2023 · €74,354
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more
4.1% went bankrupt
9.9% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,640 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet Code20232024
Assets
Total assets20/58€87,082€53,625▼
Current assets29/58€87,082€53,625▼
Amounts receivable within one year40/41€70,846€37,977▼
Trade receivables40€57,507€31,007▼
Other amounts receivable41€13,339€6,970▼
Cash at bank and in hand54/58€16,237€15,648▼
Equity and liabilities
Total equity and liabilities10/49€87,082€53,625▼
Equity10/15€12,728-€13,938▼
Contributions10/11€6,205€6,205=
Reserves13€13,700€13,700=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€11,840€11,840=
Profit (loss) carried forward14-€7,177-€33,843▼
Amounts payable17/49€74,354€67,562▼
Amounts payable within one year42/48€74,354€67,562▼
Trade debts44€521€147▼
Suppliers440/4€521€147▼
Taxes, remuneration and social security45€6,418-
Taxes450/3€6,418-
Other amounts payable47/48€67,415€67,415=
Income statement Code20232024
Remuneration, social security and pensions62-€214-
Other operating charges640/8€520€27,029▲
Gross operating margin9900-€1,577-€1,099▲
Operating profit (loss)9901-€1,882-€28,128▼
Financial income75/76B-€1,787
Recurring financial income75-€1,787
Financial charges65/66B€369€324▼
Recurring financial charges65€369€324▼
Profit (loss) for the period before taxes9903-€2,252-€26,666▼
Profit (loss) for the period9904-€2,252-€26,666▼
Profit (loss) for the period to be appropriated9905-€2,252-€26,666▼
Appropriation of the result
Profit (loss) to be appropriated9906-€7,177-€33,843▼
Profit (loss) brought forward from the previous period14P-€4,926-€7,177▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62-€26,505€181-€214--
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3,948----
Other operating charges640/8-€6,782€55,652€520€27,029▲ 5,103%
Gross operating margin9900€62,821€44,087€23,903-€1,577-€1,099▲ 30.3%
Operating profit (loss)9901€23,676€6,852-€31,930-€1,882-€28,128▼ 1,394%
Financial income75/76B-€52--€1,787-
Recurring financial income75€238€52--€1,787-
Financial charges65/66B-€645€383€369€324▼ 12.2%
Recurring financial charges65€817€645€383€369€324▼ 12.2%
Profit (loss) for the period before taxes9903€23,097€6,259-€32,313-€2,252-€26,666▼ 1,084%
Income taxes67/77€2,371€1,933----
Profit (loss) for the period9904€20,726€4,326-€32,313-€2,252-€26,666▼ 1,084%
Profit (loss) for the period to be appropriated9905€20,726€4,326-€32,313-€2,252-€26,666▼ 1,084%
Line20202021202220232024Change
Assets
Total assets20/58€175,567€171,816€76,622€87,082€53,625▼ 38.4%
Fixed assets21/28€5,037-----
Financial fixed assets28€5,037-----
Current assets29/58€170,530€171,816€76,622€87,082€53,625▼ 38.4%
Amounts receivable within one year40/41€170,359€166,698€57,921€70,846€37,977▼ 46.4%
Trade receivables40-€100,229€54,786€57,507€31,007▼ 46.1%
Other amounts receivable41-€66,469€3,135€13,339€6,970▼ 47.7%
Cash at bank and in hand54/58€171€5,118€18,701€16,237€15,648▼ 3.6%
Equity and liabilities
Total equity and liabilities10/49€175,567€171,816€76,622€87,082€53,625▼ 38.4%
Equity10/15€42,967€47,293€14,980€12,728-€13,938▼ 210%
Contributions10/11-€6,205€6,205€6,205€6,205=
Reserves13€13,700€13,700€13,700€13,700€13,700=
Non-distributable reserves130/1-€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311-€1,860€1,860€1,860€1,860=
Distributable reserves133-€11,840€11,840€11,840€11,840=
Profit (loss) carried forward14€23,062€27,388-€4,926-€7,177-€33,843▼ 372%
Amounts payable17/49€132,600€124,523€61,642€74,354€67,562▼ 9.1%
Amounts payable within one year42/48€130,963€124,388€61,642€74,354€67,562▼ 9.1%
Financial debts43-€27----
Credit institutions430/8-€27----
Trade debts44€23,586€10,786€7,026€521€147▼ 71.7%
Suppliers440/4-€10,786€7,026€521€147▼ 71.7%
Taxes, remuneration and social security45-€11,966€8,351€6,418--
Taxes450/3-€8,351€8,351€6,418--
Remuneration and social security454/9-€3,615----
Other amounts payable47/48-€101,609€46,265€67,415€67,415=
Accrued charges and deferred income492/3-€134----
Line20202021202220232024Change
Profit (loss) for the period9904€20,726€4,326-€32,313-€2,252-€26,666▼ 1,084%
Operating cash flow (approximation)€20,726€4,326-€32,313-€2,252-€26,666▼ 1,084%
Change in cash-€4,947€13,583-€2,464-€589▲ 76.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
10-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
08-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial Weakest financial yearnet -€32,313
Net result drops to -€32,313, the lowest in the series; recovery starts the following year.
17-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
30-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 91 days late
2020
31-12
Financial Highest result since 2018net €20,726 ▲19.6%
Net result €20,726, the highest in the series.
30-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
10-10
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 71 days late
2018
27-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
29-09
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
05-10
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 66 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Torhout · 1 establishment unit since 1996
seat establishment The establishment unit on the map
Ground area
975 m²
Building footprint
219 m²
Volume, LiDAR
1,506 m³
Parcel 31033A0972/00R000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
SOCON
Sint-Rembertlaan 28, 8820 TorhoutAgents specialised in the wholesale of other particular products
since 19962.076.969.146
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31033A0972/00R000 Flanders 975 m² 1 · 219 m² 9.9 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. QUADRINVEST 100%
  2. SOCON

Highest known parent: QUADRINVEST. The sources do not say who stands above it.

Owners 1

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.

Similar companies · same sector, comparable size

Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 4,989 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 (pre-2019)
Founded13-06-1996
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
82100Office administrative and support services
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.