SODETECH
ActiveSummary
The computed 12-month bankruptcy probability of SODETECH is 4.0% (elevated). The 2025 annual accounts show equity of €47,723 and a net result of €16,403. Equity is growing by ~31.2% per year across the filed fiscal years. Its solvency ranks better than 36% of 28281 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-2
Solvency59▲+11
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
4.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.11 against 0.83 in 2024; short-term debt: 50.1% and cash: 10.9% of total assets), and 66% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
34%
Return on assets
11.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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 · 4 filingsDeviation from the deadline
2025
54 d late
2024
30 d early
2023
105 d late
2022
102 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 12 August (3 of the last 4 filed years within 94 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€47,723▲ 52.4%
2024 · €31,319
Total assets
€140,163▲ 5.0%
2024 · €133,464
Net result
€16,403▼ 6.1%
2024 · €17,468
Working capital
€7,933
2024 · -€12,266
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line2022202320242025
Operating result€41,283--€23,495€20,672€24,730▲ 19.6%
Net result€31,952above the sector's middle half--€21,101below the sector's middle half€17,468within the sector's middle half€16,403within the sector's middle half▼ 6.1%
Equity€34,952within the sector's middle half-€13,851below the sector's middle half▼ 60.4%€31,319within the sector's middle half▲ 126%€47,723within the sector's middle half▲ 52.4%
Total assets€54,064below the sector's middle half-€44,694below the sector's middle half▼ 17.3%€133,464within the sector's middle half▲ 199%€140,163within the sector's middle half▲ 5.0%
Debt€19,112-€30,843▲ 61.4%€102,145▲ 231%€92,440▼ 9.5%
Working capital€2,932below the sector's middle half--€17,945below the sector's middle half-€12,266below the sector's middle half▲ 31.7%€7,933within the sector's middle half
Solvency64.6%within the sector's middle half-31.0%within the sector's middle half▼ 33.7pp23.5%below the sector's middle half▼ 7.5pp34.0%within the sector's middle half▲ 10.6pp
Current ratio1.15within the sector's middle half-0.42below the sector's middle half▼ 0.740.83below the sector's middle half▲ 0.411.11within the sector's middle half▲ 0.28
Return on assets (ROA)59.1%above the sector's middle half--47.2%below the sector's middle half▼ 106.3pp13.1%within the sector's middle half▲ 60.3pp11.7%within the sector's middle half▼ 1.4pp
Staff (FTE)1-1=1=1.3▲ 30.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €140,163
Fixed assets
€62,077 ▼ 14.6%
Current assets
€78,086 ▲ 28.5%
Equity and liabilities €140,163
Equity
€47,723 ▲ 52.4%
Debt
€92,440 ▼ 9.5%
Debt's share of the balance-sheet total falls from 76.5% to 66.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41,092▲
2024 · €32,140
Cash flow
€32,765▲
2024 · €28,937
Quick ratio
0.40▲
2024 · 0.18
Debt to equity
1.94▼
2024 · 3.26
ROE
34.4%▼
2024 · 55.8%
Interest coverage
13.32▲
2024 · 9.84
Debt ≤ 1 year
€70,153▼
2024 · €73,019
Debt > 1 year
€22,287▼
2024 · €29,126
Income taxes
€5,246
Staff costs
€51,472▲
2024 · €30,682
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 39,278 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €2,875 | €66,630 | €30,682 | €51,472 | ▲ 67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,407 | €3,410 | €11,468 | €16,362 | ▲ 42.7% |
| Other operating charges640/8 | - | €15,863 | €352 | €1,307 | ▲ 272% |
| Gross operating margin9900 | €45,565 | €62,408 | €63,174 | €93,871 | ▲ 48.6% |
| Operating profit (loss)9901 | €41,283 | -€23,495 | €20,672 | €24,730 | ▲ 19.6% |
| Financial income75/76B | €5 | €2,785 | €62 | €4 | ▼ 93.5% |
| Recurring financial income75 | €5 | €2,785 | €62 | €4 | ▼ 93.5% |
| Financial charges65/66B | €82 | €230 | €3,266 | €3,085 | ▼ 5.6% |
| Recurring financial charges65 | €82 | €230 | €3,266 | €3,085 | ▼ 5.6% |
| Profit (loss) for the period before taxes9903 | €41,207 | -€20,940 | €17,468 | €21,650 | ▲ 23.9% |
| Income taxes67/77 | €9,255 | €162 | - | €5,246 | - |
| Profit (loss) for the period9904 | €31,952 | -€21,101 | €17,468 | €16,403 | ▼ 6.1% |
| Profit (loss) for the period to be appropriated9905 | €31,952 | -€21,101 | €17,468 | €16,403 | ▼ 6.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €54,064 | €44,694 | €133,464 | €140,163 | ▲ 5.0% |
| Fixed assets21/28 | €32,021 | €31,796 | €72,711 | €62,077 | ▼ 14.6% |
| Tangible fixed assets22/27 | €32,021 | €31,796 | €72,711 | €62,077 | ▼ 14.6% |
| Plant, machinery and equipment23 | €18,948 | €29,288 | €25,802 | €27,153 | ▲ 5.2% |
| Furniture and vehicles24 | €13,072 | €2,508 | €4,328 | €2,163 | ▼ 50.0% |
| Leasing and similar rights25 | - | - | €42,580 | €32,760 | ▼ 23.1% |
| Current assets29/58 | €22,043 | €12,898 | €60,754 | €78,086 | ▲ 28.5% |
| Stocks and contracts in progress3 | - | - | €47,915 | €50,300 | ▲ 5.0% |
| Stocks30/36 | - | - | €47,915 | €50,300 | ▲ 5.0% |
| Amounts receivable within one year40/41 | €14,993 | €6,509 | €9,371 | €12,543 | ▲ 33.8% |
| Trade receivables40 | €14,993 | €6,509 | €9,371 | €4,253 | ▼ 54.6% |
| Other amounts receivable41 | - | - | - | €8,290 | - |
| Cash at bank and in hand54/58 | €7,050 | €6,389 | €3,467 | €15,243 | ▲ 340% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €54,064 | €44,694 | €133,464 | €140,163 | ▲ 5.0% |
| Equity10/15 | €34,952 | €13,851 | €31,319 | €47,723 | ▲ 52.4% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €31,952 | €10,851 | €28,319 | €44,723 | ▲ 57.9% |
| Distributable reserves133 | €31,952 | €10,851 | €28,319 | €44,723 | ▲ 57.9% |
| Amounts payable17/49 | €19,112 | €30,843 | €102,145 | €92,440 | ▼ 9.5% |
| Amounts payable after more than one year17 | - | - | €29,126 | €22,287 | ▼ 23.5% |
| Financial debts170/4 | - | - | €29,126 | €22,287 | ▼ 23.5% |
| Amounts payable within one year42/48 | €19,112 | €30,843 | €73,019 | €70,153 | ▼ 3.9% |
| Current portion of amounts payable after more than one year42 | - | - | €5,970 | €6,838 | ▲ 14.5% |
| Trade debts44 | €2,154 | €4,408 | €44,273 | €30,775 | ▼ 30.5% |
| Suppliers440/4 | €2,154 | €4,408 | €44,273 | €30,775 | ▼ 30.5% |
| Taxes, remuneration and social security45 | €10,986 | €18,865 | €9,680 | €30,016 | ▲ 210% |
| Taxes450/3 | €10,610 | €15,012 | €8,924 | €23,384 | ▲ 162% |
| Remuneration and social security454/9 | €376 | €3,852 | €756 | €6,632 | ▲ 777% |
| Other amounts payable47/48 | €5,972 | €7,571 | €13,097 | €2,523 | ▼ 80.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,952 | -€21,101 | €17,468 | €16,403 | ▼ 6.1% |
| + Depreciation and write-downs630 | €1,407 | €3,410 | €11,468 | €16,362 | ▲ 42.7% |
| Operating cash flow (approximation) | €33,359 | -€17,691 | €28,937 | €32,765 | ▲ 13.2% |
| Investment in fixed assets (approximation) | - | -€3,186 | -€52,383 | -€5,728 | ▲ 89.1% |
| Change in cash | - | -€661 | -€2,922 | €11,776 | ▲ 503% |
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
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 54 days late
04-09
State Gazette act
Resignation: Mahmood Sikder (director)Appointment: Morad Ghazali (director)3 facts ▸
State Gazette act
Resignation: Mahmood Sikder (director)
Appointment: Morad Ghazali (director)3 facts ▸
- General meeting, acceptation à l'unanimité de la démission et de la nomination
- Director resignation, Mahmood Sikder (director)
- Director appointment, Morad Ghazali (director)
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €17,468
Net result €17,468 after one loss-making year.
13-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 105 days late
2023
31-12
Financial
Weakest financial yearnet -€21,101
Net result drops to -€21,101, the lowest in the series; recovery starts the following year.
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Morad Ghazali
CurrentDirector · since 01-08-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Verviers · 3 establishment units since 2022
Ground area
5,445 m²
Building footprint
1,666 m²
Volume, LiDAR
10,035 m³
3 parcels, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
3 establishment units
SODETECH
since 20222.328.938.524
SODETECH
since 20222.328.939.613
Dépôt
since 20262.392.253.590
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63077C0480/00M000 | Wallonia | 2,706 m² | - | - |
| 63079A1448/00Z003 | Wallonia | 2,597 m² | 1 · 1,521 m² | 9.3 m · 2 fl. |
| 63043B0304/00M002 | Wallonia | 141 m² | 1 · 144 m² | 9.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Morad Ghazali |
|
| Mahmood Sikder |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 8,465 companies in sector 43120 we hold annual accounts for 3,233. 2,482 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43990Other specialised construction activities
43230Insulation installation
43350Other building finishing work
49410Freight transport by road
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0782598770
Also
9925:BE0782598770
Registered
29-09-2025
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.