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SOCOTHERMIC

Active
Private limited companyfounded 200124 yrs activeChaussée Freddy Terwagne(Herm) 20, 4480 Engis, BelgiumKBO/BCE: BE 0476.170.822
Summary

SOCOTHERMIC has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €309,076 and a net result of €31,298. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 74% of 13501 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
SOCOTHERMICActiveChecked score 93/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46842NACE 46742NACE 51542
1 site
Size
€433,250total assets 2025
Staff
1.6 FTE
Equity
€309,076
Profit
€31,298
Financial health
93 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Accounts filed 2 d late0 of 1 deed read
Why 93- Sector Wholesale trade (NACE 46)+ Founded in 2001+ Equity €309,076 (71.3% of total assets)+ Figures for FY 2025 (filed 02-02-2026)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Better than 60% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 96+7
equity 71.3% of total assets
Liquidity 52-6
short-term debt 27.4% · cash 10.2%
Profitability 78-12
return on assets 7.2%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,865 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%▲ +1.4% vs 11-2024 01-2025: 0.3%▲ +56.5% vs 12-2024highest value 02-2025: 0.2%▼ -52.5% vs 01-2025 03-2025: 0.2%● 0.0% vs 02-2025 04-2025: 0.2%● 0.0% vs 03-2025 05-2025: 0.2%● 0.0% vs 04-2025 06-2025: 0.2%● 0.0% vs 05-2025 07-2025: 0.2%▼ -0.6% vs 06-2025 08-2025: 0.2%● 0.0% vs 07-2025 09-2025: 0.2%▼ -0.6% vs 08-2025 10-2025: 0.2%▼ -0.6% vs 09-2025 11-2025: 0.2%▲ +1.3% vs 10-2025 12-2025: 0.2%▼ -3.2% vs 11-2025 01-2026: 0.2%▲ +20.9% vs 12-2025 02-2026: 0.3%▲ +58.4% vs 01-2026 03-2026: 0.1%▼ -63.8% vs 02-2026lowest value 04-2026: 0.1%● 0.0% vs 03-2026lowest value 05-2026: 0.1%● 0.0% vs 04-2026lowest value 06-2026: 0.1%● 0.0% vs 05-2026lowest value 07-2026: 0.1%● 0.0% vs 06-2026lowest value 08-2026: 0.1%▲ +0.9% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%▲ +15.0% vs 09-2026
  • Founded in 2001 lowers the probability for this profile
  • Equity €309,076 (71.3% of total assets) lowers the probability
  • Sector Wholesale trade (NACE 46) raises the probability
  • Figures for FY 2025 (filed 02-02-2026) lowers the probability
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.94 against 2.35 in 2024; short-term debt: 27.4% and cash: 10.2% of total assets), and 28.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 76%, liquidity 56%, profitability 68%, growth against the median 38%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 2001
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Equity €309,076 (71.3% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Sector Wholesale trade (NACE 46)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Figures for FY 2025 (filed 02-02-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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
2 d late
2024
1 d early
2023
on the day
2022
57 d late
2021
28 d late
2020
89 d late
2019
15 d early
← 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 23 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 2 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close05-10-2026 today31-01-2027 deadline
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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Weakest financial yearnet €31,298 ▼61.4%
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Positive: Among the best 15% on equitysector median €57,286 · 13,536 companies €309,076 View
  • Positive: 7 profitable years in a rowprofit 2025: €31,298 7 years View
  • Total assets 20256 fiscal years filed €433,250 View

By topic

Financials

Fiscal year
2025
Total assets
€433,250
Profit
€31,298
Solvency
71.3%
Total assets▼ 11.0%
Net result
20192025
Go to Financials

Timeline

Events
12
Since
2016
Next accounts
by 31-01-2027
  1. 02-02-2026Annual accounts filed
  2. 30-06-2025Weakest financial year
  3. 30-01-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale tradeNACE 46842
Founded
26-11-2001
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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