Equity
€309,076 ▼ 0.5%
SOCOTHERMIC paid out €31,298 in dividends. That is 100% of the 2025 profit.
SOCOTHERMIC
Lifetime
19 annual accounts with figures on one time axis, 24 filings since 2002Gross marginpeak €243,202 (2023)
€169,780▼ 29.2%
Resultpeak €92,662 (2023)
€31,298▼ 61.4%
Equitypeak €310,735 (2024)
€309,076▼ 0.5%
Debts
€122,583▼ 29.3%
Staffpeak 3 FTE (2009)
-not published
Board1 name since 2020
1 directorUNIFIRE
Owners
Documentsfilings and deeds
02-02-20262 days late
2025micro format
Gross margin from €239,788 to €169,780Result from €81,098 to €31,298Dividend €31,298Debts from €173,299 to €122,583Cash from €89,526 to €44,213
Key points
from the 2025 annual accountsFilings
24 annual accounts since 2002
Five of the last ten came late. The 2018 accounts came latest: 348 days after the end of the period.
Position in the sector
€309,076
More equity than 86% of companies in wholesale trade. Sector median €56,570 · 13,809 companies.
Checked score
93
Excellent
Financially stronger than 60% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,900 companies (NACE 46, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.3%▲ +0.1 percentage points vs 12-2024highest value
02-2025: 0.2%▼ -0.1 percentage points vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.3%▲ +0.1 percentage points vs 01-2026
03-2026: 0.1%▼ -0.2 percentage points vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Wholesale trade (NACE 46)
lowers risk
Founded in 2001
Equity €309,076 (71.3% of total assets)
Figures for financial year 2025 (filed on 02-02-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 76% of them on solvency, 56% on liquidity, 69% on profitability and 38% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as SOCOTHERMIC has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOCOTHERMIC itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for SOCOTHERMIC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.94 (2.35 in 2024), above the usual 1.5. Short-term debt is 27.4% and cash 10.2% of total assets. 28.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 2 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
2 days late
2024
1 day early
2023
on the day
2022
57 days late
2021
28 days late
2020
89 days late
2019
15 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 23 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 2 February (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end06-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476170822
First establishment
Chaussée de Ramioul 298, Flémalle
Incorporation
published on 06-12-2001 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| SOCOTHERMIC Engis | €433,250 | €169,780 | 71.3% | - |
| ROELS & CO Kontich | €500,740 | €173,463 | 47.5% | - |
| DOMOTECHNOLOGY Herentals | €326,047 | €181,026 | 37.6% | - |
| EUREKA CONFORT BELGIUM Grez-Doiceau | €399,582 | €124,456 | 61.2% | - |
| BRIESCO La Louvière | €486,539 | €123,876 | 86.2% | - |
| VERLIGRO Lier | €524,703 | €156,785 | 47.7% | 2 |
| NOVIA DUE Beveren-Kruibeke-Zwijndrecht | €432,345 | €229,092 | 55.7% | 2.5 |
These companies have the same main activity as SOCOTHERMIC: wholesale trade (NACE 46842). They are comparable in size and age: total assets between €326,000 and €525,000, founded between 1995 and 2005.
Official details
Source: KBO- Status
- Active since 26-11-2001Normal situation
- Activity
- Wholesale tradeNACE 46842and 1 other
- Joint committee
- 149.04Metal trade · annual accounts 30-06-2025
- Establishment unit
- 2.093.399.9564400 Flémalle, since 16-01-2002
- Financial year end
- 30 June
- Peppol
- Reachable since 21-10-2026
Annual accounts to 30-06-2025
- Turnover
- ≈ €840,000estimated
- Total assets
- €433,250▼ 11.0%
- Employeeson 30-06-2025
- 2=
- Filing
- Filed on 02-02-2026
Insights on SOCOTHERMIC
SOCOTHERMIC files the micro format. That format states no turnover. The gross margin rose from €167,095 in 2007 to €169,780 in 2025.
The balance sheet grew most from 2008 to 2009 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SOCOTHERMIC
- What is the company number of SOCOTHERMIC?
- The company number of SOCOTHERMIC is 0476.170.822. The VAT number is the same number with BE in front: BE 0476.170.822.
- Where is SOCOTHERMIC based?
- The registered office is at Chaussée Freddy Terwagne 20, 4480 Engis.Company details
- What does SOCOTHERMIC do?
- According to the KBO register, the main activity is wholesale trade (NACE 46842).
- What is the legal form of SOCOTHERMIC?
- SOCOTHERMIC is a private limited company (BV).
- When was SOCOTHERMIC founded?
- SOCOTHERMIC was founded on 26-11-2001.
- Is SOCOTHERMIC still active?
- Yes, SOCOTHERMIC is an active enterprise in the KBO register.
- How many employees does SOCOTHERMIC have?
- SOCOTHERMIC had an average of 1.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SOCOTHERMIC fall under?
- In its 30-06-2025 annual accounts, SOCOTHERMIC states joint committee 149.04 (Metal trade).
- What is the turnover of SOCOTHERMIC?
- The turnover in financial year 2025 is ≈ €840,000. This figure is estimated from the gross margin of €169,780 and 59 comparable companies (NACE 46). It probably lies between €410,000 and €1.6m.
- Is SOCOTHERMIC profitable?
- In financial year 2025, SOCOTHERMIC made a profit of €31,298.
- Where can I find the annual accounts of SOCOTHERMIC?
- SOCOTHERMIC filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOCOTHERMIC due?
- SOCOTHERMIC must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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