SODA PROJECT
ActiveSummary
For the legal form of SODA PROJECT, Checked does not compute a bankruptcy probability. The 2025 annual accounts show negative equity (-€34,888) and a net result of €9,460. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 7625 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth32=
Track record100
Credit verdict
No credit on open account
Liquidity short (current ratio 0.22 against 0.59 in 2024; short-term debt: 448.2% and cash: 63.3% of total assets), and equity is negative.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 7625 sector peers (2025).
NBB · sector comparisonPosition among 7625 sector peers
Solvency
better than 5%
← weakest
strongest →
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
52 d early
2023
93 d early
2022
1 d late
2021
30 d early
2020
25 d late
2019
36 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 22 days before 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 June (4 of the last 5 filed years within 43 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€34,888▲ 21.3%
2024 · -€44,348
Total assets
€10,020▼ 84.9%
2024 · €66,285
Net result
€9,460▼ 53.3%
2024 · €20,238
Working capital
-€35,068▲ 22.5%
2024 · -€45,244
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 41, Construction of residential and non-residential buildings, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,321▼ 73.7%-€129,607-€49,632▲ 61.7%€20,472€9,550▼ 53.4%
Net result-€1,331below the sector's middle half-€135,625below the sector's middle half▼ 10,092%-€53,183below the sector's middle half▲ 60.8%€20,238within the sector's middle half€9,460within the sector's middle half▼ 53.3%
Equity€124,222above the sector's middle half▲ 9.8%-€11,403below the sector's middle half-€64,586below the sector's middle half▼ 466%-€44,348below the sector's middle half▲ 31.3%-€34,888below the sector's middle half▲ 21.3%
Total assets€495,716above the sector's middle half▲ 15.2%€92,611within the sector's middle half▼ 81.3%€62,751within the sector's middle half▼ 32.2%€66,285within the sector's middle half▲ 5.6%€10,020below the sector's middle half▼ 84.9%
Debt€371,494▲ 17.1%€104,014▼ 72.0%€127,337▲ 22.4%€110,633▼ 13.1%€44,909▼ 59.4%
Working capital€43,884within the sector's middle half▼ 30.7%-€13,757below the sector's middle half-€66,198below the sector's middle half▼ 381%-€45,244below the sector's middle half▲ 31.7%-€35,068below the sector's middle half▲ 22.5%
Solvency25.1%within the sector's middle half▼ 1.2pp-12.3%below the sector's middle half▼ 37.4pp-102.9%below the sector's middle half▼ 90.6pp-66.9%below the sector's middle half▲ 36.0pp-348.2%below the sector's middle half▼ 281.3pp
Current ratio1.23within the sector's middle half▼ 0.150.87below the sector's middle half▼ 0.360.48below the sector's middle half▼ 0.390.59below the sector's middle half▲ 0.110.22below the sector's middle half▼ 0.37
Return on assets (ROA)-0.3%below the sector's middle half▼ 3.0pp-146.4%below the sector's middle half▼ 146.2pp-84.8%below the sector's middle half▲ 61.7pp30.5%above the sector's middle half▲ 115.3pp94.4%above the sector's middle half▲ 63.9pp
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 falls in 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10,020
Fixed assets
€180 ▼ 79.9%
Current assets
€9,840 ▼ 85.0%
Equity and liabilities
Equity-€34,888
Debt€44,909
Equity is negative: debt (€44,909) exceeds the balance-sheet total (€10,020).
Key figures and ratios
EBITDA
€10,266▼
2024 · €21,189
Cash flow
€10,176▼
2024 · €20,954
Interest coverage
113.70▲
2024 · 90.45
Debt ≤ 1 year
€44,909▼
2024 · €110,633
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | - | €12,076 | - | - | - | - |
| Remuneration, social security and pensions62 | €1,807 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,636 | €982 | €716 | €716 | €716 | = |
| Other operating charges640/8 | €2,292 | €1,901 | €218 | €836 | €868 | ▲ 3.8% |
| Non-recurring operating charges66A | - | €28,640 | €5,755 | - | - | - |
| Gross operating margin9900 | €24,055 | -€98,084 | -€42,943 | €22,024 | €11,134 | ▼ 49.4% |
| Operating profit (loss)9901 | €5,321 | -€129,607 | -€49,632 | €20,472 | €9,550 | ▼ 53.4% |
| Financial income75/76B | €61 | - | €368 | - | - | - |
| Recurring financial income75 | €61 | - | €368 | - | - | - |
| Financial charges65/66B | €6,368 | €5,520 | €3,877 | €234 | €90 | ▼ 61.5% |
| Recurring financial charges65 | €6,368 | €5,520 | €3,877 | €234 | €90 | ▼ 61.5% |
| Profit (loss) for the period before taxes9903 | -€985 | -€135,127 | -€53,141 | €20,238 | €9,460 | ▼ 53.3% |
| Income taxes67/77 | €346 | €498 | €41 | - | - | - |
| Profit (loss) for the period9904 | -€1,331 | -€135,625 | -€53,183 | €20,238 | €9,460 | ▼ 53.3% |
| Profit (loss) for the period to be appropriated9905 | -€1,331 | -€135,625 | -€53,183 | €20,238 | €9,460 | ▼ 53.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €495,716 | €92,611 | €62,751 | €66,285 | €10,020 | ▼ 84.9% |
| Fixed assets21/28 | €262,952 | €2,354 | €1,613 | €896 | €180 | ▼ 79.9% |
| Intangible fixed assets21 | €265 | - | - | - | - | - |
| Tangible fixed assets22/27 | €262,662 | €2,329 | €1,613 | €896 | €180 | ▼ 79.9% |
| Land and buildings22 | €186,443 | - | - | - | - | - |
| Plant, machinery and equipment23 | €772 | - | - | - | - | - |
| Furniture and vehicles24 | €11,366 | €2,329 | €1,613 | €896 | €180 | ▼ 79.9% |
| Other tangible fixed assets26 | €64,080 | - | - | - | - | - |
| Financial fixed assets28 | €25 | €25 | - | - | - | - |
| Current assets29/58 | €232,764 | €90,257 | €61,138 | €65,389 | €9,840 | ▼ 85.0% |
| Amounts receivable within one year40/41 | €207,787 | €87,984 | €55,852 | €53,293 | €2,487 | ▼ 95.3% |
| Trade receivables40 | €189,439 | €87,559 | €55,402 | €52,825 | €2,112 | ▼ 96.0% |
| Other amounts receivable41 | €18,347 | €425 | €450 | €468 | €375 | ▼ 19.8% |
| Cash at bank and in hand54/58 | €13,484 | - | €5,287 | €12,096 | €6,345 | ▼ 47.6% |
| Deferred charges and accrued income490/1 | €11,494 | €2,273 | - | - | €1,009 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €495,716 | €92,611 | €62,751 | €66,285 | €10,020 | ▼ 84.9% |
| Equity10/15 | €124,222 | -€11,403 | -€64,586 | -€44,348 | -€34,888 | ▲ 21.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €103,762 | -€31,863 | -€85,046 | -€64,808 | -€55,348 | ▲ 14.6% |
| Amounts payable17/49 | €371,494 | €104,014 | €127,337 | €110,633 | €44,909 | ▼ 59.4% |
| Amounts payable after more than one year17 | €182,613 | - | - | - | - | - |
| Financial debts170/4 | €182,613 | - | - | - | - | - |
| Amounts payable within one year42/48 | €188,881 | €104,014 | €127,337 | €110,633 | €44,909 | ▼ 59.4% |
| Current portion of amounts payable after more than one year42 | €20,912 | - | - | - | - | - |
| Financial debts43 | - | €25,289 | €6 | - | - | - |
| Credit institutions430/8 | - | €25,289 | €6 | - | - | - |
| Trade debts44 | €64,359 | €48,715 | €14,963 | €15,957 | €17,533 | ▲ 9.9% |
| Suppliers440/4 | €64,359 | €48,715 | €14,963 | €15,957 | €17,533 | ▲ 9.9% |
| Taxes, remuneration and social security45 | €69,233 | €16,733 | €8,091 | €399 | - | - |
| Taxes450/3 | €65,395 | €16,733 | €8,091 | €399 | - | - |
| Remuneration and social security454/9 | €3,838 | - | - | - | - | - |
| Other amounts payable47/48 | €34,377 | €13,277 | €104,277 | €94,277 | €27,376 | ▼ 71.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,331 | -€135,625 | -€53,183 | €20,238 | €9,460 | ▼ 53.3% |
| + Depreciation and write-downs630 | €14,636 | €982 | €716 | €716 | €716 | = |
| Operating cash flow (approximation) | €13,305 | -€134,644 | -€52,466 | €20,954 | €10,176 | ▼ 51.4% |
| Investment in fixed assets (approximation) | - | €259,616 | €25 | €0 | €0 | - |
| Change in cash | - | - | - | €6,810 | -€5,752 | ▼ 184% |
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
19-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €20,238
Net result €20,238 after 3 loss-making years.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Weakest financial yearnet -€135,625
Net result drops to -€135,625, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
05-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 36 days late
2019
31-12
Financial
Highest result since 2018net €57,784 ▲68.6%
Operating result €75,813, net result €57,784, both a record.
31-12
Financial
Equity above €100,000Eq €101,381 ▲133%
2 profitable years in a row build equity to €101,381.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ecaussinnes · 1 establishment unit since 2016
Ground area
820 m²
Building footprint
132 m²
Parcel 55008A0207/00H000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SODA PROJECT
since 20162.251.647.043
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55008A0207/00H000 | Wallonia | 820 m² | 1 · 132 m² | - |
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.
Recognitions · licences · registrations
Recognised contractor
15 categoriesSODA PROJECT SRL41548
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,766 companies in this sector we hold annual accounts for 16,066. See the whole sector
Company details
Identification
Legal formBesloten Vennootschap van publiek recht
Founded25-03-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
E-invoicing
Not found in the Peppol register
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Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.