Summary
Socrowd is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €2.7m and a net result of €43,082. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 90% of 9866 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
44 d early
2022
32 d early
2021
40 d early
2020
19 d late
2019
18 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 20 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€2.7m▲ 0.9%
2023 · €2.7m
Net result
€43,082
2023 · -€367,741
Total assets
€2.9m▲ 4.7%
2023 · €2.8m
Solvency
92.3%▼ 3.5pp
2023 · 95.8%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€54,442€52,690▼ 3.2%
Operating result-€19,602▲ 8.2%-€29,064▼ 48.3%-€10,582▲ 63.6%-€10,515▲ 0.6%-€18,305▼ 74.1%
Net result-€16,679▼ 391%-€23,014▼ 38.0%€17,586-€367,741€43,082
Equity€3.5m▼ 2.3%€3.3m▼ 6.9%€3.2m▼ 2.2%€2.7m▼ 16.4%€2.7m▲ 0.9%
Total assets€3.6m▼ 2.4%€3.4m▼ 4.8%€3.3m▼ 1.9%€2.8m▼ 15.6%€2.9m▲ 4.7%
Debt€26,456▼ 16.9%€101,846▲ 285%€109,543▲ 7.6%€118,784▲ 8.4%€227,551▲ 91.6%
Working capital€2.9m▼ 2.2%€2.7m▼ 7.3%€2.8m▲ 2.5%€2.6m▼ 5.8%€2.7m▲ 2.2%
Solvency99.3%▲ 0.1pp97.0%▼ 2.3pp96.7%▼ 0.3pp95.8%▼ 0.9pp92.3%▼ 3.5pp
Staff (FTE)0.9▼ 25.0%1.8▲ 100%1.1▼ 38.9%1▼ 9.1%1=
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 €18,305 in 2024 against €10,515 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.9m
Fixed assets
€162,507 ▲ 24.1%
Current assets
€2.8m ▲ 3.7%
Equity and liabilities €2.9m
Equity
€2.7m ▲ 0.9%
Debt
€227,551 ▲ 91.6%
Debt's share of the balance-sheet total rises from 4.2% to 7.7%. Equity and debt are higher.
Key figures and ratios
ROE
1.6%▲
2023 · -13.7%
ROA
1.5%▲
2023 · -13.1%
Debt ≤ 1 year
€124,301▲
2023 · €81,320
Debt > 1 year
€103,250▲
2023 · €37,465
Staff costs
€40,905▲
2023 · €40,852
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €54,442 | €52,690 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €17,723 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €60,716 | €43,100 | €40,852 | €40,905 | ▲ 0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €938 | €1,204 | €266 | €266 | €150 | ▼ 43.8% |
| Other operating charges640/8 | - | €2,233 | €4,028 | €3,959 | €5,035 | ▲ 27.2% |
| Gross operating margin9900 | €34,871 | €35,089 | €36,812 | €34,562 | €27,785 | ▼ 19.6% |
| Operating profit (loss)9901 | -€19,602 | -€29,064 | -€10,582 | -€10,515 | -€18,305 | ▼ 74.1% |
| Financial income75/76B | - | €6,118 | €28,701 | €21,315 | €61,755 | ▲ 190% |
| Recurring financial income75 | €2,988 | €6,118 | €28,701 | €21,315 | €30,517 | ▲ 43.2% |
| Non-recurring financial income76B | - | - | - | - | €31,238 | - |
| Financial charges65/66B | - | €68 | €533 | €378,540 | €368 | ▼ 99.9% |
| Recurring financial charges65 | €64 | €68 | €533 | €3,424 | €368 | ▼ 89.3% |
| Non-recurring financial charges66B | - | - | - | €375,116 | - | - |
| Profit (loss) for the period before taxes9903 | -€16,679 | -€23,014 | €17,586 | -€367,741 | €43,082 | ▲ 112% |
| Profit (loss) for the period9904 | -€16,679 | -€23,014 | €17,586 | -€367,741 | €43,082 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | -€16,679 | -€23,014 | €17,586 | -€367,741 | €43,082 | ▲ 112% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €3.4m | €3.3m | €2.8m | €2.9m | ▲ 4.7% |
| Fixed assets21/28 | €632,284 | €630,974 | €506,349 | €130,968 | €162,507 | ▲ 24.1% |
| Intangible fixed assets21 | €938 | - | - | - | - | - |
| Tangible fixed assets22/27 | - | €533 | €266 | - | €299 | - |
| Plant, machinery and equipment23 | - | €533 | €266 | - | €299 | - |
| Financial fixed assets28 | €631,346 | €630,441 | €506,083 | €130,968 | €162,208 | ▲ 23.9% |
| Current assets29/58 | €2.9m | €2.8m | €2.8m | €2.7m | €2.8m | ▲ 3.7% |
| Amounts receivable after more than one year29 | - | €1.6m | €1.6m | €1.4m | €1.7m | ▲ 18.3% |
| Other amounts receivable291 | - | €1.6m | €1.6m | €1.4m | €1.7m | ▲ 18.3% |
| Amounts receivable within one year40/41 | €327,303 | €317,903 | €311,729 | €515,262 | €339,461 | ▼ 34.1% |
| Trade receivables40 | - | €4,573 | - | €2,691 | €9,384 | ▲ 249% |
| Other amounts receivable41 | - | €313,330 | €311,729 | €512,572 | €330,077 | ▼ 35.6% |
| Current investments50/53 | €311,884 | €211,884 | €211,884 | €212,020 | €62,325 | ▼ 70.6% |
| Cash at bank and in hand54/58 | €593,117 | €583,178 | €695,963 | €540,595 | €710,572 | ▲ 31.4% |
| Deferred charges and accrued income490/1 | - | €1,645 | €1,740 | €1,508 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €3.4m | €3.3m | €2.8m | €2.9m | ▲ 4.7% |
| Equity10/15 | €3.5m | €3.3m | €3.2m | €2.7m | €2.7m | ▲ 0.9% |
| Contributions10/11 | - | €3.3m | €3.2m | €3.1m | €3.0m | ▼ 1.0% |
| Reserves13 | €1,940 | €1,940 | - | - | - | - |
| Distributable reserves133 | - | €1,940 | - | - | - | - |
| Profit (loss) carried forward14 | €6,784 | -€16,231 | €3,295 | -€364,446 | -€309,864 | ▲ 15.0% |
| Amounts payable17/49 | €26,456 | €101,846 | €109,543 | €118,784 | €227,551 | ▲ 91.6% |
| Amounts payable after more than one year17 | - | €30,952 | €45,779 | €37,465 | €103,250 | ▲ 176% |
| Financial debts170/4 | - | €30,952 | €45,779 | €37,465 | €103,250 | ▲ 176% |
| Amounts payable within one year42/48 | €26,425 | €70,893 | €63,765 | €81,320 | €124,301 | ▲ 52.9% |
| Current portion of amounts payable after more than one year42 | - | €47,224 | €8,314 | €9,964 | €17,214 | ▲ 72.8% |
| Financial debts43 | - | €9,031 | €50,961 | €3,025 | €942 | ▼ 68.9% |
| Other loans439 | - | €9,031 | €50,961 | €3,025 | €942 | ▼ 68.9% |
| Trade debts44 | €10,454 | €6,813 | €40 | €88 | €126 | ▲ 43.6% |
| Suppliers440/4 | - | €6,813 | €40 | €88 | €126 | ▲ 43.6% |
| Taxes, remuneration and social security45 | - | €7,825 | €4,450 | €4,943 | €6,019 | ▲ 21.8% |
| Taxes450/3 | - | - | - | - | €101 | - |
| Remuneration and social security454/9 | - | €7,825 | €4,450 | €4,943 | €5,917 | ▲ 19.7% |
| Other amounts payable47/48 | - | - | - | €63,300 | €100,000 | ▲ 58.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,679 | -€23,014 | €17,586 | -€367,741 | €43,082 | ▲ 112% |
| + Depreciation and write-downs630 | €938 | €1,204 | €266 | €266 | €150 | ▼ 43.8% |
| Operating cash flow (approximation) | -€15,741 | -€21,810 | €17,852 | -€367,474 | €43,231 | ▲ 112% |
| Investment in fixed assets (approximation) | - | €106 | €124,358 | €375,115 | -€31,690 | ▼ 108% |
| Change in cash | - | -€9,939 | €112,786 | -€155,369 | €169,977 | ▲ 209% |
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
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €43,082
Net result €43,082 after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€367,741
Net result drops to -€367,741, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €17,586
Net result €17,586 after 4 loss-making years.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 94.39
Current ratio from 35.07 to 94.39; short-term debt falls from €87,190 to €31,771.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 89 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Gent · 1 establishment unit since 2005
Ground area
3,095 m²
Building footprint
2,335 m²
Volume, LiDAR
17,095 m³
Parcel 44362B0014/00G002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
103
companies at this address
See who is registered here
1 establishment unit
NETWERK RENTEVRIJ
since 20052.145.696.814
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44362B0014/00G002 | Flanders | 3,095 m² | 1 · 2,335 m² | 9.2 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
2 ownersChain of control
- SPYRID-ON
- Socrowd
Highest known parent: SPYRID-ON. The sources do not say who stands above it.
Owners 2
- SPYRID-ONparentSourceaccounts SPYRID-ON 2024100%
- Sourceaccounts Anatta 20251%
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.
Recognitions · licences · registrations
Legal Entity Identifier
699400BBJIDMXGB12196
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Of 93 companies in sector 64922 we hold annual accounts for 75. 38 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded23-11-2004
Fiscal year end31-12
Activities, NACEBEL 2025
64922Financial service activities, except insurance and pension funding
66199Other activities auxiliary to financial services, excluding insurance and pension funding
96999Other personal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0870131273
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.