SOCRATES PROJECTS
ActiveSummary
SOCRATES PROJECTS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.9m and a net result of -€3,774. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 8871 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-36
Solvency82▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €440,000 at 30 days acceptable
Liquidity ample (current ratio 1.7 against 2.12 in 2024; short-term debt: 15.1% and cash: 0% of total assets), and 42.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
57.4%
Return on assets
0%
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 22-04-2026, 100 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
100 d early
2024
100 d early
2023
84 d early
2022
98 d early
2021
87 d early
2020
32 d early
2019
25 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 68 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 24 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#8 company by total assets in Kruisem, Professional and technical services sector#9 company by equity in Kruisem, Professional and technical services sector
Equity
€6.9m▼ 8.0%
2024 · €7.5m
Total assets
€12.0m▼ 7.8%
2024 · €13.0m
Net result
-€3,774
2024 · €502,539
Working capital
€1.3m▼ 41.0%
2024 · €2.1m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€257,966€3.4m▲ 1,213%€1.8m▼ 46.5%€572,946▼ 68.4%€34,376▼ 94.0%
Net result€218,354above the sector's middle half€2.5mabove the sector's middle half▲ 1,028%€1.6mabove the sector's middle half▼ 34.2%€502,539above the sector's middle half▼ 69.0%-€3,774below the sector's middle half
Equity€2.9mabove the sector's middle half▲ 8.1%€5.4mabove the sector's middle half▲ 84.5%€7.0mabove the sector's middle half▲ 30.1%€7.5mabove the sector's middle half▲ 7.2%€6.9mabove the sector's middle half▼ 8.0%
Total assets€14.8mabove the sector's middle half▲ 44.9%€13.9mabove the sector's middle half▼ 5.5%€13.1mabove the sector's middle half▼ 5.8%€13.0mabove the sector's middle half▼ 0.8%€12.0mabove the sector's middle half▼ 7.8%
Debt€11.8m▲ 58.2%€8.6m▼ 27.7%€6.1m▼ 28.4%€5.5m▼ 9.8%€5.1m▼ 7.5%
Working capital-€1.4mbelow the sector's middle half▲ 71.4%-€1.4mbelow the sector's middle half▲ 0.8%€2.0mabove the sector's middle half€2.1mabove the sector's middle half▲ 9.0%€1.3mabove the sector's middle half▼ 41.0%
Solvency19.8%below the sector's middle half▼ 6.7pp38.6%within the sector's middle half▲ 18.8pp53.3%within the sector's middle half▲ 14.7pp57.6%within the sector's middle half▲ 4.3pp57.4%within the sector's middle half▼ 0.1pp
Current ratio0.75within the sector's middle half▲ 0.630.53below the sector's middle half▼ 0.221.89within the sector's middle half▲ 1.362.12within the sector's middle half▲ 0.231.70within the sector's middle half▼ 0.42
Return on assets (ROA)1.5%within the sector's middle half▲ 3.9pp17.7%above the sector's middle half▲ 16.2pp12.3%within the sector's middle half▼ 5.3pp3.9%within the sector's middle half▼ 8.5pp0.0%below the sector's middle half▼ 3.9pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 94% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.0m
Fixed assets
€8.9m ▼ 0.5%
Current assets
€3.1m ▼ 24.1%
Equity and liabilities €12.0m
Equity
€6.9m ▼ 8.0%
Debt
€5.1m ▼ 7.5%
Debt's share of the balance-sheet total rises from 42.4% to 42.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€79,610▼
2024 · €613,120
Cash flow
€41,460▼
2024 · €542,713
Debt to equity
0.74▲
2024 · 0.74
ROE
-0.1%▼
2024 · 6.7%
Interest coverage
0.78▼
2024 · 4.51
Debt ≤ 1 year
€1.8m▼
2024 · €1.9m
Debt > 1 year
€3.3m▼
2024 · €3.6m
Income taxes
€261▼
2024 · €164,070
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 | €201,627 | €478,588 | €1.1m | €4,132 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,071 | €197,741 | €24,975 | €40,174 | €45,234 | ▲ 12.6% |
| Other operating charges640/8 | €1,911 | €1,817 | €2,116 | €8,958 | €1,725 | ▼ 80.7% |
| Gross operating margin9900 | €269,948 | €3.6m | €1.8m | €622,078 | €81,334 | ▼ 86.9% |
| Operating profit (loss)9901 | €257,966 | €3.4m | €1.8m | €572,946 | €34,376 | ▼ 94.0% |
| Financial income75/76B | €83,838 | €856,813 | €434,204 | €229,567 | €64,595 | ▼ 71.9% |
| Recurring financial income75 | €83,838 | €856,813 | €327,720 | €214,517 | €64,595 | ▼ 69.9% |
| Non-recurring financial income76B | - | - | €106,484 | €15,049 | €0 | ▼ 100% |
| Financial charges65/66B | €99,905 | €708,029 | €145,701 | €135,904 | €102,483 | ▼ 24.6% |
| Recurring financial charges65 | €99,905 | €121,294 | €126,599 | €135,904 | €102,483 | ▼ 24.6% |
| Non-recurring financial charges66B | - | €586,735 | €19,102 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €241,899 | €3.5m | €2.1m | €666,609 | -€3,513 | ▼ 101% |
| Income taxes67/77 | €23,545 | €1.1m | €480,257 | €164,070 | €261 | ▼ 99.8% |
| Profit (loss) for the period9904 | €218,354 | €2.5m | €1.6m | €502,539 | -€3,774 | ▼ 101% |
| Transfer from tax-exempt reserves789 | €4,375 | €0 | - | €75,000 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €222,729 | €2.5m | €1.6m | €577,539 | -€3,774 | ▼ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.8m | €13.9m | €13.1m | €13.0m | €12.0m | ▼ 7.8% |
| Fixed assets21/28 | €10.4m | €12.3m | €9.0m | €9.0m | €8.9m | ▼ 0.5% |
| Tangible fixed assets22/27 | €81,641 | €2.4m | €121,429 | €181,703 | €136,469 | ▼ 24.9% |
| Land and buildings22 | €38,302 | €38,302 | €38,302 | €38,302 | €38,302 | = |
| Plant, machinery and equipment23 | - | €1,514 | €1,167 | €820 | €474 | ▼ 42.3% |
| Furniture and vehicles24 | €1,324 | €2.3m | €56,117 | €124,824 | €88,023 | ▼ 29.5% |
| Other tangible fixed assets26 | €42,014 | €33,928 | €25,842 | €17,756 | €9,670 | ▼ 45.5% |
| Financial fixed assets28 | €10.3m | €10.0m | €8.8m | €8.8m | €8.8m | = |
| Current assets29/58 | €4.3m | €1.6m | €4.2m | €4.0m | €3.1m | ▼ 24.1% |
| Amounts receivable within one year40/41 | €854,199 | €28,116 | €539 | €28,616 | €48,723 | ▲ 70.3% |
| Trade receivables40 | €854,199 | €28,116 | €188 | €9,531 | €10,523 | ▲ 10.4% |
| Other amounts receivable41 | €0 | - | €351 | €19,084 | €38,200 | ▲ 100% |
| Current investments50/53 | €25,767 | €25,767 | €4.1m | €3.9m | €3.0m | ▼ 23.1% |
| Cash at bank and in hand54/58 | €3.5m | €1.6m | €36,081 | €84,294 | €4,243 | ▼ 95.0% |
| Deferred charges and accrued income490/1 | €3,221 | €3,584 | €32,157 | €30,893 | €14,510 | ▼ 53.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.8m | €13.9m | €13.1m | €13.0m | €12.0m | ▼ 7.8% |
| Equity10/15 | €2.9m | €5.4m | €7.0m | €7.5m | €6.9m | ▼ 8.0% |
| Contributions10/11 | €246,500 | €246,500 | €246,500 | €246,500 | €246,500 | = |
| Capital10 | €246,500 | €246,500 | €246,500 | €246,500 | €246,500 | = |
| Issued capital100 | €246,500 | €246,500 | €246,500 | €246,500 | €246,500 | = |
| Reserves13 | €2.7m | €5.1m | €6.8m | €7.3m | €6.7m | ▼ 8.3% |
| Non-distributable reserves130/1 | €124,525 | €124,525 | €124,525 | €124,525 | €124,525 | = |
| Legal reserve130 | €124,525 | €124,525 | €124,525 | €124,525 | €124,525 | = |
| Tax-exempt reserves132 | €75,000 | €75,000 | €75,000 | €0 | - | - |
| Distributable reserves133 | €2.5m | €4.9m | €6.6m | €7.1m | €6.5m | ▼ 8.5% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €11.8m | €8.6m | €6.1m | €5.5m | €5.1m | ▼ 7.5% |
| Amounts payable after more than one year17 | €6.0m | €5.4m | €3.9m | €3.6m | €3.3m | ▼ 8.6% |
| Financial debts170/4 | €6.0m | €5.4m | €3.9m | €3.6m | €3.3m | ▼ 8.6% |
| Amounts payable within one year42/48 | €5.8m | €3.0m | €2.2m | €1.9m | €1.8m | ▼ 5.3% |
| Current portion of amounts payable after more than one year42 | €591,215 | €594,670 | €298,165 | €301,577 | €305,280 | ▲ 1.2% |
| Financial debts43 | €2.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Credit institutions430/8 | €2.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Trade debts44 | €12,906 | €142,640 | €30,982 | €5,721 | €1,130 | ▼ 80.3% |
| Suppliers440/4 | €12,906 | €142,640 | €30,982 | €5,721 | €1,130 | ▼ 80.3% |
| Advances received on contracts in progress46 | - | - | €1,177 | €409 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €26,073 | €285,269 | €372,823 | €101,233 | €2,209 | ▼ 97.8% |
| Taxes450/3 | €26,073 | €280,968 | €372,823 | €101,233 | €2,209 | ▼ 97.8% |
| Remuneration and social security454/9 | - | €4,302 | €0 | - | - | - |
| Other amounts payable47/48 | €2.6m | €510,611 | €2,356 | €0 | - | - |
| Accrued charges and deferred income492/3 | €109,524 | €166,413 | €63,561 | €58,918 | €46,980 | ▼ 20.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €218,354 | €2.5m | €1.6m | €502,539 | -€3,774 | ▼ 101% |
| + Depreciation and write-downs630 | €10,071 | €197,741 | €24,975 | €40,174 | €45,234 | ▲ 12.6% |
| Operating cash flow (approximation) | €228,425 | €2.7m | €1.6m | €542,713 | €41,460 | ▼ 92.4% |
| Investment in fixed assets (approximation) | - | -€2.1m | €3.3m | -€60,670 | -€249 | ▲ 99.6% |
| Change in cash | - | -€1.9m | -€1.5m | €48,213 | -€80,052 | ▼ 266% |
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
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 1.89
Current ratio from 0.53 to 1.89; short-term debt falls from €3.0m to €2.2m.
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €2.5m ▲1,028%
Operating result €3.4m, net result €2.5m, both a record.
31-12
Financial
Equity above €5mEq €5.4m ▲84.5%
2 profitable years in a row build equity to €5.4m.
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €218,354
Net result €218,354 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
31-12
Financial
Back to profitnet €3,531
Net result €3,531 after one loss-making year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kruisem · 1 establishment unit since 2005
Ground area
1,129 m²
Building footprint
127 m²
Volume, LiDAR
488 m³
Parcel 45053C0900/00D000, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SOCRATES PROJECTS
since 20052.145.298.223
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45053C0900/00D000 | Flanders | 1,129 m² | 1 · 127 m² | 6.0 m · 1 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 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
49.73%
According to the 2025 annual accounts of SOCRATES PROJECTS and those 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.
Subsidies and aid
Flemish government
2023 · 1 entry · 360 EUR awarded · 360 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 360 EUR | 360 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300DZKUGVT20DZ955
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Company details
Identification
Legal formPublic limited company
Founded15-02-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
01240Growing of pome and stone fruits
46180Agents specialised in the wholesale of other particular products
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0871903504
Also
9925:BE0871903504
Registered
17-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.