SOCONORD GROUP
ActiveSOCONORD GROUP has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43.96M and a net result of €685k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 79% of 296 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-1
Solvency96▼-3
Growth66▼-2
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 3.97 against 57.32 in 2024; short-term debt: 14.4% and cash: 0.6% of total assets), and 28.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
71.3%
Return on assets
1.1%
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 11-06-2026, 50 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
50 d early
2024
43 d early
2023
41 d early
2022
25 d early
2021
31 d early
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory
Turnover
€633k▼ 7.6%
2024 · €685k
2018: €522k
2019: €510k
2020: €473k
2021: €471k
2022: €724k
2023: €8.13M
2024: €685k
2018 → 2025
EBIT margin
-92.4%▼ 56.7pp
2024 · -35.7%
2018: -97.8%
2019: -103.6%
2020: -297.7%
2021: -310.9%
2022: -31.5%
2023: 7.3%
2024: -35.7%
2018 → 2025
Net result
€685k▼ 13.9%
2024 · €795k
2018: €-4.47M
2019: €-1.98M
2020: €-4.15M
2021: €-779k
2022: €7.28M
2023: €4.01M
2024: €795k
2018 → 2025
Working capital
€26.44M▼ 16.8%
2024 · €31.77M
2018: €32.50M
2019: €31.45M
2020: €22.30M
2021: €19.21M
2022: €30.26M
2023: €31.05M
2024: €31.77M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€471k-€724k▲ 53.7%€8.13M▲ 1,023%€685k▼ 91.6%€633k▼ 7.6%
Equity€31.33M-€38.61M▲ 23.2%€42.57M▲ 10.3%€43.34M▲ 1.8%€43.96M▲ 1.4%
Operating result€-1.47M-€-228k▲ 84.4%€596k€-245k€-585k▼ 139%
Net result€-779k-€7.28M€4.01M▼ 44.9%€795k▼ 80.2%€685k▼ 13.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €585k in 2025 against €245k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61.66M
Fixed assets
€26.31M▼ 0.2%
Current assets
€35.34M▲ 9.3%
Equity and liabilities €61.66M
Equity
€43.96M▲ 1.4%
Provisions
€12k=
Debt
€17.68M▲ 15.3%
The debt ratio rises from 26.1% to 28.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-534k▼
2024 · €-190k
Cash flow
€736k▼
2024 · €850k
Solvency
71.3%▼
2024 · 73.8%
Current ratio
3.97▼
2024 · 57.32
Quick ratio
3.97▼
2024 · 57.32
Debt / equity
0.40▲
2024 · 0.35
ROE
1.6%▼
2024 · 1.8%
ROA
1.1%▼
2024 · 1.4%
Interest coverage
-1.22▼
2024 · -0.45
Debt
€17.68M▲
2024 · €15.34M
Debt ≤ 1 year
€8.90M▲
2024 · €564k
Debt > 1 year
€8.40M▼
2024 · €14.40M
Income taxes
€24k▲
2024 · €14k
Staff costs
€298k▲
2024 · €281k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€58.69M€61.66M▲
Fixed assets21/28€26.36M€26.31M▼
Intangible fixed assets21€59k€29k▼
Tangible fixed assets22/27€50k€33k▼
Furniture and vehicles24€46k€27k▼
Other tangible fixed assets26€5k€6k▲
Financial fixed assets28€26.25M€26.25M=
Affiliated companies280/1€26.24M€26.24M=
Participating interests280€26.24M€26.24M=
Other financial fixed assets284/8€11k€10k▼
Amounts receivable and cash guarantees285/8€11k€10k▼
Current assets29/58€32.33M€35.34M▲
Amounts receivable after more than one year29€31k€31k=
Other amounts receivable291€31k€31k=
Amounts receivable within one year40/41€323k€163k▼
Trade receivables40€51k-
Other amounts receivable41€272k€163k▼
Current investments50/53€30.93M€34.45M▲
Other investments51/53€30.93M€34.45M▲
Cash at bank and in hand54/58€730k€370k▼
Deferred charges and accrued income490/1€315k€328k▲
Equity and liabilities
Total equity and liabilities10/49€58.69M€61.66M▲
Equity10/15€43.34M€43.96M▲
Contributions10/11€40.50M€40.50M=
Capital10€40.50M€40.50M=
Issued capital100€40.50M€40.50M=
Reserves13€2.11M€2.15M▲
Non-distributable reserves130/1€1.80M€1.83M▲
Legal reserve130€1.80M€1.83M▲
Distributable reserves133€318k€318k=
Profit (loss) carried forward14€727k€1.31M▲
Provisions and deferred taxes16€12k€12k=
Provisions for liabilities and charges160/5€12k€12k=
Major repairs and maintenance162€12k€12k=
Amounts payable17/49€15.34M€17.68M▲
Amounts payable after more than one year17€14.40M€8.40M▼
Financial debts170/4€14.40M€8.40M▼
Subordinated loans170€14.40M€8.40M▼
Amounts payable within one year42/48€564k€8.90M▲
Current portion of amounts payable after more than one year42-€3.50M
Trade debts44€326k€319k▼
Suppliers440/4€326k€319k▼
Taxes, remuneration and social security45€84k€84k▲
Taxes450/3€42k€48k▲
Remuneration and social security454/9€43k€36k▼
Other amounts payable47/48€154k€5.00M▲
Accrued charges and deferred income492/3€373k€382k▲
Income statement
Code20242025
Operating income70/76A€845k€771k▼
Turnover70€685k€633k▼
Other operating income74€160k€138k▼
Non-recurring operating income76A-€114
Operating charges60/66A€1.09M€1.36M▲
Services and other goods61€786k€988k▲
Remuneration, social security and pensions62€281k€298k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€51k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-50k-
Other operating charges640/8€18k€20k▲
Non-recurring operating charges66A€640-
Operating profit (loss)9901€-245k€-585k▼
Financial income75/76B€1.81M€3.36M▲
Recurring financial income75€1.81M€3.36M▲
Income from current assets751€1.23M€1.59M▲
Other financial income752/9€580k€1.77M▲
Financial charges65/66B€760k€2.06M▲
Recurring financial charges65€760k€2.06M▲
Debt charges650€428k€436k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€60k€-316k▼
Other financial charges652/9€272k€1.94M▲
Profit (loss) for the period before taxes9903€809k€709k▼
Income taxes67/77€14k€24k▲
Taxes670/3€15k€24k▲
Tax adjustments and reversals of tax provisions77€256-
Profit (loss) for the period9904€795k€685k▼
Profit (loss) for the period to be appropriated9905€795k€685k▼
Appropriation of the result
Profit (loss) to be appropriated9906€795k€1.41M▲
Profit (loss) brought forward from the previous period14P-€727k
Transfer to equity691/2€40k€34k▼
To the legal reserve6920€40k€34k▼
Profit to be distributed694/7€28k€64k▲
Employees696€28k€64k▲
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (61 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity triplescurrent ratio 57.32
Current ratio from 17.49 to 57.32; short-term debt falls from €1.88M to €564k.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity triplescurrent ratio 17.49
Current ratio from 5.29 to 17.49; short-term debt falls from €7.05M to €1.88M.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
2022
31-12
Financial
Back to profitnet €7.28M
Net result €7.28M after 4 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
2021
31-12
Financial
Liquidity doublescurrent ratio 7.63
Current ratio from 3.20 to 7.63; short-term debt falls from €10.15M to €2.90M.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
17 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 1989
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.
Louizalaan 4801050 ElseneGround area
2,791 m²
Building footprint
1,235 m²
Volume, LiDAR
89,309 m³
Parcel 21822R0227/00V003, Brussels · tallest building 106.8 m, ±30 floors. Linked by address, not a title deed.
1 establishment unit
SOCONORD GROUP
since 19892.041.533.165
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0227/00V003 | Brussels | 2,791 m² | 1 · 1,235 m² | 106.8 m · 30 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.
Structure & network
Recognitions · licences · registrations
Legal Entity Identifier
54930058Z5O2CDCGQI68
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Of 7,012 companies in sector 96999 we hold annual accounts for 602. 24 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-08-1986
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 73 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.