SODEL
ActiveThe computed 12-month bankruptcy probability of SODEL is 2.7% (moderate). The 2024 annual accounts show negative equity (€-38k) and a net result of €-5k. Equity is shrinking by ~53.9% per year across the filed fiscal years. Its solvency ranks better than 13% of 18942 sector peers (fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
21
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability11▲+11
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 0.58 in 2023; short-term debt: 163.9% and cash: 14.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-72.8%
Return on assets
-10.6%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-38k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-10-2025, 85 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
85 d late
2023
233 d late
2022
316 d late
2021
303 d late
2020
31 d late
2019
86 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-5k▲ 84.6%
2023 · €-36k
2018: €-6k
2019: €-6k
2020: €21k
2021: €-28k
2022: €-3k
2023: €-36k
2018 → 2024
Working capital
€-44k▼ 21.7%
2023 · €-36k
2018: €11k
2019: €26k
2020: €46k
2021: €5k
2022: €12k
2023: €-36k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€34k-€6k▼ 82.5%€3k▼ 42.4%€-32k€-38k▼ 17.0%
Operating result€29k-€-23k€4k€-32k€1k
Net result€21k-€-28k€-3k▲ 91.0%€-36k▼ 1,322%€-5k▲ 84.6%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1k after a loss of €32k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €52k
Fixed assets
€11k▼ 3.1%
Current assets
€41k▼ 20.0%
Key figures and ratios
EBITDA
€5k▲
2023 · €-29k
Cash flow
€-2k▲
2023 · €-33k
Solvency
-72.8%▼
2023 · -51.8%
Current ratio
0.48▼
2023 · 0.58
Quick ratio
0.35▼
2023 · 0.49
Debt / equity
-2.37▲
2023 · -2.93
ROA
-10.6%▲
2023 · -57.2%
Interest coverage
0.66▲
2023 · -6.23
Debt
€90k▼
2023 · €95k
Debt ≤ 1 year
€85k▼
2023 · €87k
Debt > 1 year
€5k▼
2023 · €7k
Income taxes
€128
Staff costs
€187k▲
2023 · €147k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€62k€52k▼
Fixed assets21/28€12k€11k▼
Tangible fixed assets22/27€11k€10k▼
Plant, machinery and equipment23€3k€5k▲
Furniture and vehicles24€8k€5k▼
Financial fixed assets28€900€900=
Current assets29/58€51k€41k▼
Stocks and contracts in progress3€8k€11k▲
Stocks30/36€8k€11k▲
Amounts receivable within one year40/41€24k€23k▼
Trade receivables40€2k€0▼
Other amounts receivable41€22k€23k▲
Cash at bank and in hand54/58€19k€7k▼
Equity and liabilities
Total equity and liabilities10/49€62k€52k▼
Equity10/15€-32k€-38k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-53k€-58k▼
Amounts payable17/49€95k€90k▼
Amounts payable after more than one year17€7k€5k▼
Financial debts170/4€7k€5k▼
Amounts payable within one year42/48€87k€85k▼
Current portion of amounts payable after more than one year42€3k€3k▼
Financial debts43-€5k
Credit institutions430/8-€5k
Trade debts44€19k€8k▼
Suppliers440/4€19k€8k▼
Taxes, remuneration and social security45€61k€58k▼
Taxes450/3€8k€9k▲
Remuneration and social security454/9€53k€49k▼
Other amounts payable47/48€5k€11k▲
Income statement
Code20232024
Remuneration, social security and pensions62€147k€187k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€5k€6k▲
Non-recurring operating charges66A-€316
Gross operating margin9900€123k€199k▲
Operating profit (loss)9901€-32k€1k▲
Financial income75/76B€522€482▼
Recurring financial income75€522€482▼
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€-36k€-5k▲
Income taxes67/77-€128
Profit (loss) for the period9904€-36k€-5k▲
Profit (loss) for the period to be appropriated9905€-36k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-53k€-58k▼
Profit (loss) brought forward from the previous period14P€-17k€-53k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 85 days late
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 233 days late
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 316 days late
2023
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 303 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 4.09
Current ratio from 1.58 to 4.09; short-term debt falls from €45k to €15k.
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 86 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
07-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 38 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gembloux · 1 establishment unit since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place Saint-Jean 25030 GemblouxGround area
178 m²
Building footprint
36 m²
Parcel 92053D0393/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
POLDO'S
since 19992.092.440.250
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92053D0393/00A000 | Wallonia | 178 m² | 1 · 36 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Food safety, FASFC
1 siteGembloux2.092.440.250
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Of 7,508 companies in sector 56210 we hold annual accounts for 2,445. 905 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-09-1999
Fiscal year end31-12
Activities, NACEBEL
55522
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
47279Other retail sale of food
47299Retail trade
52272
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.