SODER
ActiveSummary
SODER has been active since 1932 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €408,004 and a net result of €74,688. Equity remains stable across the filed financial years (±0.2% per year). Its solvency ranks better than 84% of 64 sector peers (NACE 36, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €408,004
- Profit
- €74,688
- Parent
- FIMMOBEL · 59.86%
- Thomas DenysDirector
- Virginie SaillezDirector
Why 96lowers riskLiquidity: current ratio 3.21, cash €405,115Size: total assets €560,875Equity €408,004 (72.7% of total assets)Founded in 1932Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 36, micro): better than 79% on solvency, 84% on liquidity, 74% on profitability and 41% on growth.
The bankruptcy probability was computed on 09-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 84 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Appointments: Virginie Saillez (director) and Thomas…Resignation: Jean-Louis Samain (director)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 5% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,472 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% | 1.8% |
| 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 20,139 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €313,218 | - | €280,632 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €77,599 | - | €93,940 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €735 | €4,195 | €6,962 | €7,635 | €13,268 | €11,432 | €10,063 | €10,063 | = |
| Other operating charges640/8 | - | - | - | €53,350 | €42,128 | €42,693 | €35,923 | €39,373 | ▲ 9.6% |
| Gross operating margin9900 | €263,535 | €257,225 | €192,252 | €241,647 | €186,221 | €197,121 | €162,584 | €159,935 | ▼ 1.6% |
| Operating profit (loss)9901 | €173,032 | €206,558 | €135,889 | €180,662 | €130,825 | €142,997 | €116,598 | €110,499 | ▼ 5.2% |
| Financial income75/76B | - | - | - | - | - | €986 | €1,725 | €1,732 | ▲ 0.4% |
| Recurring financial income75 | - | - | - | - | - | €986 | €1,725 | €1,732 | ▲ 0.4% |
| Financial charges65/66B | - | - | - | €609 | €701 | €507 | €43 | €40 | ▼ 6.8% |
| Recurring financial charges65 | €147 | €913 | €501 | €609 | €701 | €507 | €43 | €40 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €172,885 | €205,645 | €135,388 | €180,053 | €130,124 | €143,476 | €118,280 | €112,191 | ▼ 5.1% |
| Income taxes67/77 | €85,659 | €73,590 | €52,809 | €56,992 | €34,251 | €46,358 | €37,556 | €37,503 | ▼ 0.1% |
| Profit (loss) for the period9904 | €87,226 | €132,055 | €82,579 | €123,061 | €95,873 | €97,118 | €80,724 | €74,688 | ▼ 7.5% |
| Profit (loss) for the period to be appropriated9905 | €87,226 | €132,055 | €82,579 | €123,061 | €95,873 | €97,118 | €80,724 | €74,688 | ▼ 7.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €617,645 | €585,429 | €549,199 | €609,772 | €600,534 | €602,042 | €573,828 | €560,875 | ▼ 2.3% |
| Fixed assets21/28 | €14,930 | €40,567 | €88,947 | €94,755 | €91,353 | €83,527 | €79,745 | €69,682 | ▼ 12.6% |
| Tangible fixed assets22/27 | €14,883 | €40,520 | €88,900 | €94,708 | €91,306 | €83,480 | €79,698 | €69,635 | ▼ 12.6% |
| Land and buildings22 | - | - | - | €76,017 | €75,365 | €74,294 | €69,617 | €64,940 | ▼ 6.7% |
| Plant, machinery and equipment23 | - | - | - | €18,691 | €15,940 | €9,186 | €10,081 | €4,694 | ▼ 53.4% |
| Financial fixed assets28 | €47 | €47 | €47 | €47 | €47 | €47 | €47 | €47 | = |
| Current assets29/58 | €602,715 | €544,862 | €460,251 | €515,017 | €509,181 | €518,514 | €494,083 | €491,193 | ▼ 0.6% |
| Amounts receivable within one year40/41 | €155,275 | €59,349 | €50,495 | €56,900 | €77,211 | €77,731 | €67,166 | €86,078 | ▲ 28.2% |
| Trade receivables40 | - | - | - | €52,044 | €70,210 | €69,865 | €59,190 | €78,457 | ▲ 32.6% |
| Other amounts receivable41 | - | - | - | €4,856 | €7,000 | €7,866 | €7,976 | €7,620 | ▼ 4.5% |
| Cash at bank and in hand54/58 | €447,439 | €485,513 | €409,756 | €458,117 | €431,970 | €440,783 | €426,917 | €405,115 | ▼ 5.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €617,645 | €585,429 | €549,199 | €609,772 | €600,534 | €602,042 | €573,828 | €560,875 | ▼ 2.3% |
| Equity10/15 | €402,907 | €403,861 | €404,340 | €404,501 | €406,874 | €406,992 | €407,516 | €408,004 | ▲ 0.1% |
| Contributions10/11 | €173,525 | €173,525 | €173,525 | €173,525 | €173,525 | €173,525 | €173,525 | €173,525 | = |
| Capital10 | - | - | - | €173,525 | €173,525 | €173,525 | €173,525 | €173,525 | = |
| Issued capital100 | - | - | - | €173,525 | €173,525 | €173,525 | €173,525 | €173,525 | = |
| Revaluation surpluses12 | - | - | - | €2,538 | €2,538 | €2,538 | €2,538 | €2,538 | = |
| Reserves13 | €226,843 | €227,798 | €228,277 | €228,438 | €230,811 | €230,929 | €231,453 | €231,940 | ▲ 0.2% |
| Non-distributable reserves130/1 | - | - | - | €17,353 | €17,353 | €17,353 | €17,353 | €17,353 | = |
| Legal reserve130 | - | - | - | €17,353 | €17,353 | €17,353 | €17,353 | €17,353 | = |
| Tax-exempt reserves132 | - | - | - | €665 | €665 | €665 | €665 | €665 | = |
| Distributable reserves133 | - | - | - | €210,421 | €212,793 | €212,911 | €213,435 | €213,923 | ▲ 0.2% |
| Amounts payable17/49 | €214,738 | €181,568 | €144,858 | €205,270 | €193,660 | €195,050 | €166,312 | €152,871 | ▼ 8.1% |
| Amounts payable within one year42/48 | €214,738 | €181,568 | €144,858 | €205,270 | €193,660 | €195,050 | €166,312 | €152,871 | ▼ 8.1% |
| Trade debts44 | €33,303 | €31,856 | €39,770 | €41,408 | €56,562 | €56,793 | €55,315 | €52,130 | ▼ 5.8% |
| Suppliers440/4 | - | - | - | €41,408 | €56,562 | €56,793 | €55,315 | €52,130 | ▼ 5.8% |
| Taxes, remuneration and social security45 | - | - | - | €40,962 | €43,598 | €41,257 | €30,797 | €26,541 | ▼ 13.8% |
| Taxes450/3 | - | - | - | €40,962 | €43,598 | €41,257 | €30,797 | €26,541 | ▼ 13.8% |
| Other amounts payable47/48 | - | - | - | €122,900 | €93,500 | €97,000 | €80,200 | €74,200 | ▼ 7.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €87,226 | €132,055 | €82,579 | €123,061 | €95,873 | €97,118 | €80,724 | €74,688 | ▼ 7.5% |
| + Depreciation and write-downs630 | €735 | €4,195 | €6,962 | €7,635 | €13,268 | €11,432 | €10,063 | €10,063 | = |
| Operating cash flow (approximation) | €87,962 | €136,250 | €89,542 | €130,696 | €109,140 | €108,550 | €90,787 | €84,751 | ▼ 6.6% |
| Investment in fixed assets (approximation) | - | -€29,832 | -€55,343 | -€13,442 | -€9,866 | -€3,606 | -€6,281 | €0 | ▲ 100% |
| Change in cash | - | €38,074 | -€75,757 | €48,360 | -€26,146 | €8,813 | -€13,866 | -€21,802 | ▼ 57.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Public contracts: not fully processed yet. The notices from October 2018 to September 2026 are still being read.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Thomas Denys |
|
| Virginie Saillez |
|
| Jean-Louis Samain |
|
Owners and capital
Owners
1 ownerChain of control
- FIMMOBEL
- SODER
Highest known parent: FIMMOBEL. The sources do not say who stands above it.
Owners 1
- FIMMOBELparentSourceaccounts FIMMOBEL 202559.86%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
02-06
Gazette deed
Appointments: Virginie Saillez (director) and Thomas Denys (director)Resignation: Jean-Louis Samain (director)4 facts ▸
- Director appointment, Virginie Saillez (director)
- Director appointment, Thomas Denys (director)
- Director resignation, Jean-Louis Samain (director)
- General meeting
About the unread acts
Of the 11 Belgian Official Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 10 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0400.213.585
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45422D0715/00S000 | Flanders | 4.0 ha | 1 · 2.0 ha | - |