SODA CONSTRUCT
ActiveSummary
SODA CONSTRUCT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55,623 and a net result of €6,122. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 19% of 7598 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+21
Solvency37▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.09 in 2024; short-term debt: 88.4% of total assets), and 88.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 7598 sector peers (2025).
NBB · sector comparisonPosition among 7598 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
29 d late
2021
29 d late
2020
30 d late
2019
21 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 16 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 31 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€55,623▲ 12.4%
2024 · €49,502
Total assets
€478,129▼ 7.2%
2024 · €515,261
Net result
€6,122
2024 · -€1,050
Working capital
€44,667▲ 8.9%
2024 · €41,021
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,548▼ 18.5%€14,741▼ 5.2%-€3,391-€1,266▲ 62.7%€16,345
Net result€5,225within the sector's middle half▼ 66.2%€11,062within the sector's middle half▲ 112%-€1,367below the sector's middle half-€1,050below the sector's middle half▲ 23.2%€6,122within the sector's middle half
Equity€40,856within the sector's middle half▲ 14.7%€51,918within the sector's middle half▲ 27.1%€50,552within the sector's middle half▼ 2.6%€49,502within the sector's middle half▼ 2.1%€55,623within the sector's middle half▲ 12.4%
Total assets€281,413within the sector's middle half▼ 18.9%€326,353above the sector's middle half▲ 16.0%€448,882above the sector's middle half▲ 37.5%€515,261above the sector's middle half▲ 14.8%€478,129above the sector's middle half▼ 7.2%
Debt€240,556▼ 22.8%€274,435▲ 14.1%€398,331▲ 45.1%€465,760▲ 16.9%€422,506▼ 9.3%
Working capital€53,929within the sector's middle half▲ 12.3%€73,092within the sector's middle half▲ 35.5%€46,643within the sector's middle half▼ 36.2%€41,021within the sector's middle half▼ 12.1%€44,667within the sector's middle half▲ 8.9%
Solvency14.5%below the sector's middle half▲ 4.3pp15.9%below the sector's middle half▲ 1.4pp11.3%below the sector's middle half▼ 4.6pp9.6%below the sector's middle half▼ 1.7pp11.6%below the sector's middle half▲ 2.0pp
Current ratio1.28within the sector's middle half▲ 0.101.32within the sector's middle half▲ 0.041.13within the sector's middle half▼ 0.191.09within the sector's middle half▼ 0.041.11within the sector's middle half▲ 0.01
Return on assets (ROA)1.9%within the sector's middle half▼ 2.6pp3.4%within the sector's middle half▲ 1.5pp-0.3%below the sector's middle half▼ 3.7pp-0.2%within the sector's middle half▲ 0.1pp1.3%within the sector's middle half▲ 1.5pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16,345 after a loss of €1,266 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €478,129
Fixed assets
€10,956 ▼ 54.8%
Current assets
€467,173 ▼ 4.9%
Equity and liabilities €478,129
Equity
€55,623 ▲ 12.4%
Debt
€422,506 ▼ 9.3%
Debt's share of the balance-sheet total falls from 90.4% to 88.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29,640▲
2024 · €16,883
Cash flow
€19,416▲
2024 · €17,099
Debt to equity
7.60▼
2024 · 9.41
ROE
11.0%▲
2024 · -2.1%
Interest coverage
8.26▲
2024 · 3.71
Debt ≤ 1 year
€422,506▼
2024 · €449,990
Income taxes
€8,469▲
2024 · €5,007
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,105 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,477 | €8,586 | €10,592 | €18,149 | €13,294 | ▼ 26.7% |
| Other operating charges640/8 | - | €1,497 | €5,812 | €2,549 | €2,308 | ▼ 9.5% |
| Gross operating margin9900 | €23,913 | €24,823 | €13,013 | €19,432 | €31,948 | ▲ 64.4% |
| Operating profit (loss)9901 | €15,548 | €14,741 | -€3,391 | -€1,266 | €16,345 | ▲ 1,391% |
| Financial income75/76B | - | €7,117 | €10,336 | €9,774 | €1,834 | ▼ 81.2% |
| Recurring financial income75 | - | €7,117 | €10,336 | €9,774 | €1,834 | ▼ 81.2% |
| Financial charges65/66B | - | €3,957 | €3,958 | €4,551 | €3,588 | ▼ 21.1% |
| Recurring financial charges65 | €5,176 | €3,957 | €3,958 | €4,551 | €3,588 | ▼ 21.1% |
| Profit (loss) for the period before taxes9903 | €10,372 | €17,901 | €2,987 | €3,957 | €14,591 | ▲ 269% |
| Income taxes67/77 | €5,146 | €6,839 | €4,354 | €5,007 | €8,469 | ▲ 69.1% |
| Profit (loss) for the period9904 | €5,225 | €11,062 | -€1,367 | -€1,050 | €6,122 | ▲ 683% |
| Profit (loss) for the period to be appropriated9905 | €5,225 | €11,062 | -€1,367 | -€1,050 | €6,122 | ▲ 683% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €281,413 | €326,353 | €448,882 | €515,261 | €478,129 | ▼ 7.2% |
| Fixed assets21/28 | €32,598 | €24,012 | €42,400 | €24,251 | €10,956 | ▼ 54.8% |
| Tangible fixed assets22/27 | €32,598 | €24,012 | €42,400 | €24,251 | €10,956 | ▼ 54.8% |
| Furniture and vehicles24 | - | €24,012 | €42,400 | €24,251 | €10,956 | ▼ 54.8% |
| Current assets29/58 | €248,815 | €302,341 | €406,483 | €491,011 | €467,173 | ▼ 4.9% |
| Amounts receivable after more than one year29 | - | €175,000 | €295,000 | €272,500 | €260,000 | ▼ 4.6% |
| Other amounts receivable291 | - | €175,000 | €295,000 | €272,500 | €260,000 | ▼ 4.6% |
| Amounts receivable within one year40/41 | €70,891 | €116,522 | €111,483 | €218,511 | €207,173 | ▼ 5.2% |
| Other amounts receivable41 | - | €116,522 | €111,483 | €218,511 | €207,173 | ▼ 5.2% |
| Cash at bank and in hand54/58 | €2,924 | €10,819 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €281,413 | €326,353 | €448,882 | €515,261 | €478,129 | ▼ 7.2% |
| Equity10/15 | €40,856 | €51,918 | €50,552 | €49,502 | €55,623 | ▲ 12.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | €6,200 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | - | €12,400 | €12,400 | €12,400 | - | - |
| Outside capital11 | - | - | - | - | €6,200 | - |
| Other1109/19 | - | - | - | - | €6,200 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €32,796 | €43,858 | €42,492 | €41,442 | €47,563 | ▲ 14.8% |
| Amounts payable17/49 | €240,556 | €274,435 | €398,331 | €465,760 | €422,506 | ▼ 9.3% |
| Amounts payable after more than one year17 | €45,671 | €45,186 | €38,492 | €15,770 | - | - |
| Financial debts170/4 | - | €45,186 | €38,492 | €15,770 | - | - |
| Amounts payable within one year42/48 | €194,886 | €229,249 | €359,839 | €449,990 | €422,506 | ▼ 6.1% |
| Current portion of amounts payable after more than one year42 | - | €23,167 | €31,963 | €22,722 | €8,481 | ▼ 62.7% |
| Financial debts43 | - | - | €8,789 | €8,284 | €7,781 | ▼ 6.1% |
| Credit institutions430/8 | - | - | €8,789 | €8,284 | €7,781 | ▼ 6.1% |
| Trade debts44 | €171,958 | €190,023 | €287,966 | €398,166 | €385,426 | ▼ 3.2% |
| Suppliers440/4 | - | €190,023 | €287,966 | €398,166 | €385,426 | ▼ 3.2% |
| Advances received on contracts in progress46 | - | €9,291 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €5,950 | €10,304 | - | - | - |
| Taxes450/3 | - | €5,950 | €10,304 | - | - | - |
| Other amounts payable47/48 | - | €818 | €20,818 | €20,818 | €20,818 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,225 | €11,062 | -€1,367 | -€1,050 | €6,122 | ▲ 683% |
| + Depreciation and write-downs630 | €5,477 | €8,586 | €10,592 | €18,149 | €13,294 | ▼ 26.7% |
| Operating cash flow (approximation) | €10,702 | €19,648 | €9,225 | €17,099 | €19,416 | ▲ 13.5% |
| Investment in fixed assets (approximation) | - | €0 | -€28,980 | €0 | €0 | - |
| Change in cash | - | €7,895 | - | - | - | - |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €6,122
Net result €6,122 after 2 loss-making years.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet -€1,367
Net result drops to -€1,367, the lowest in the series; recovery starts the following year.
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
31-03
Financial
Highest result since 2019net €15,441 ▲304%
Operating result €19,071, net result €15,441, both a record.
2019
21-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2018
15-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 15 days late
17-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 168 days late
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ukkel · 1 establishment unit since 2008
Ground area
198 m²
Building footprint
82 m²
Volume, LiDAR
899 m³
Parcel 21614E0081/00X002, Brussels · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Henri Van Zuylenstraat 54, 1180 Ukkel
since 20082.168.443.314
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0081/00X002 | Brussels | 198 m² | 1 · 82 m² | 12.9 m · 4 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.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 13,156 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded28-12-2007
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894519449
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.