SODELUX
ActiveSummary
SODELUX has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.13M and a net result of €782k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 61% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81=
Solvency77▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity ample (current ratio 1.84 against 1.87 in 2023; short-term debt: 45.4% and cash: 8.2% of total assets), and 47.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
52.1%
Return on assets
9.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
26 d late
2022
30 d late
2021
27 d early
2020
30 d late
2019
38 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€8.91M
EBIT margin
6.6%
Net result
€782k▲ 17.1%
2023 · €668k
2018: €414k
2019: €530k
2020: €455k
2021: €530k
2022: €789k
2023: €668k
2018 → 2024
Working capital
€3.03M▲ 15.7%
2023 · €2.62M
2018: €3.05M
2019: €3.23M
2020: €3.32M
2021: €3.62M
2022: €4.10M
2023: €2.62M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€8.91M-
Equity€4.18M-€4.50M▲ 7.7%€5.04M▲ 12.0%€3.59M▼ 28.8%€4.13M▲ 15.0%
Operating result€588k-€715k▲ 21.4%€1.05M▲ 46.9%€910k▼ 13.3%€1.20M▲ 31.9%
Net result€455k-€530k▲ 16.6%€789k▲ 48.9%€668k▼ 15.4%€782k▲ 17.1%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 32% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.92M
Fixed assets
€1.30M ▲ 13.1%
Current assets
€6.62M ▲ 17.5%
Equity and liabilities €7.92M
Equity
€4.13M ▲ 15.0%
Debt
€3.79M ▲ 18.8%
Debt's share of the balance-sheet total rises from 47.1% to 47.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.44M▲
2023 · €1.14M
Cash flow
€1.02M▲
2023 · €893k
Current ratio
1.84▼
2023 · 1.87
Quick ratio
1.21▲
2023 · 1.16
Debt to equity
0.92▲
2023 · 0.89
ROE
18.9%▲
2023 · 18.6%
ROA
9.9%▲
2023 · 9.8%
Interest coverage
9.31▼
2023 · 34.06
Debt ≤ 1 year
€3.59M▲
2023 · €3.02M
Debt > 1 year
€201k▲
2023 · €177k
Income taxes
€280k▲
2023 · €235k
Staff costs
€868k▲
2023 · €667k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€6.78M€7.92M▲
Fixed assets21/28€1.15M€1.30M▲
Tangible fixed assets22/27€1.04M€1.17M▲
Land and buildings22€637k€546k▼
Plant, machinery and equipment23€94k€97k▲
Furniture and vehicles24€247k€306k▲
Other tangible fixed assets26€64k€219k▲
Financial fixed assets28€105k€130k▲
Current assets29/58€5.64M€6.62M▲
Stocks and contracts in progress3€2.13M€2.27M▲
Stocks30/36€2.13M€2.27M▲
Amounts receivable within one year40/41€2.10M€3.16M▲
Trade receivables40€1.86M€2.78M▲
Other amounts receivable41€240k€377k▲
Current investments50/53€552k€544k▼
Cash at bank and in hand54/58€856k€651k▼
Equity and liabilities
Total equity and liabilities10/49€6.78M€7.92M▲
Equity10/15€3.59M€4.13M▲
Contributions10/11€104k€104k=
Capital10€104k€104k=
Issued capital100€104k€104k=
Reserves13€3.47M€4.01M▲
Non-distributable reserves130/1€169k€169k=
Legal reserve130€10k€10k=
Own shares acquired1312€159k€159k=
Tax-exempt reserves132€47k€47k=
Distributable reserves133€3.25M€3.79M▲
Investment grants15€18k€14k▼
Amounts payable17/49€3.20M€3.79M▲
Amounts payable after more than one year17€177k€201k▲
Financial debts170/4€177k€201k▲
Amounts payable within one year42/48€3.02M€3.59M▲
Current portion of amounts payable after more than one year42€124k€138k▲
Trade debts44€760k€1.23M▲
Suppliers440/4€760k€1.23M▲
Taxes, remuneration and social security45€72k€142k▲
Taxes450/3€4k€55k▲
Remuneration and social security454/9€68k€88k▲
Other amounts payable47/48€2.06M€2.09M▲
Income statement
Code20232024
Remuneration, social security and pensions62€667k€868k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€225k€242k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-192k
Other operating charges640/8€15k€237k▲
Gross operating margin9900€1.82M€2.36M▲
Operating profit (loss)9901€910k€1.20M▲
Financial income75/76B€26k€17k▼
Recurring financial income75€26k€17k▼
Financial charges65/66B€33k€155k▲
Recurring financial charges65€33k€155k▲
Profit (loss) for the period before taxes9903€903k€1.06M▲
Income taxes67/77€235k€280k▲
Profit (loss) for the period9904€668k€782k▲
Profit (loss) for the period to be appropriated9905€668k€782k▲
Appropriation of the result
Profit (loss) to be appropriated9906€668k€782k▲
Transfer to equity691/2€428k€542k▲
To other reserves6921€428k€542k▲
Profit to be distributed694/7€240k€240k=
Return on contributions (dividend)694€240k€240k=
Social balance
Average headcount (FTE)90879.411.3▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €789k ▲48.9%
Net result €789k, the highest in the series.
31-12
Financial
Equity above €5MEq €5.04M ▲12%
5 profitable years in a row build equity to €5.04M.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 38 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Libramont-Chevigny · 1 establishment unit since 1993
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.
Recogne,Rue de Saint-Hubert 716800 Libramont-Chevigny1 establishment unit
Recogne,Rue de Saint-Hubert 71, 6800 Libramont-Chevigny
since 19932.060.432.725
Recognitions · licences · registrations
Recognised contractor
4 categoriesSODELUX SA38171
Similar companies · same sector, comparable size
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BEGETUBE
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Kingspan Unidek
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Grobbendonk · Eq €4.15M
ISOBUILD VERVIERS
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K.M. MATERIAUX KERASSIOTIS MARECHAL
BE 0448.831.074
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Of 1,803 companies in sector 46831 we hold annual accounts for 1,397. 759 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
46630Wholesale trade
46831Wholesale of construction materials, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filings
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.sodelux.be
E-mail:info@sodelux.be