SoeaSack
ActiveSummary
The computed 12-month bankruptcy probability of SoeaSack is 2.8% (moderate). The 2024 annual accounts show negative equity (-€20,219) and a net result of €2,452. Equity is shrinking by ~22% per year across the filed fiscal years. Its solvency ranks better than 6% of 9084 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability46▲+34
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78 against 0.74 in 2023; short-term debt: 127.7% and cash: 0.3% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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 · 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
-27.7%
Return on assets
3.4%
Age of the figures
21 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 9084 sector peers (2024).
NBB · sector comparisonPosition among 9084 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
61 d late
2022
88 d late
2021
31 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 48 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€20,219▲ 10.8%
2023 · -€22,671
Total assets
€72,909▲ 11.1%
2023 · €65,640
Net result
€2,452
2023 · -€3,775
Working capital
-€20,219▲ 10.8%
2023 · -€22,671
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Operating result-€25,466--€5,135▲ 79.8%-€3,483▲ 32.2%-€1,168▲ 66.5%€4,890
Net result-€27,035below the sector's middle half--€6,559below the sector's middle half▲ 75.7%-€5,301below the sector's middle half▲ 19.2%-€3,775below the sector's middle half▲ 28.8%€2,452within the sector's middle half
Equity-€7,035below the sector's middle half--€13,594below the sector's middle half▼ 93.2%-€18,895below the sector's middle half▼ 39.0%-€22,671below the sector's middle half▼ 20.0%-€20,219below the sector's middle half▲ 10.8%
Total assets€59,252below the sector's middle half-€62,385below the sector's middle half▲ 5.3%€65,264below the sector's middle half▲ 4.6%€65,640below the sector's middle half▲ 0.6%€72,909below the sector's middle half▲ 11.1%
Debt€66,287-€75,979▲ 14.6%€84,159▲ 10.8%€88,311▲ 4.9%€93,127▲ 5.5%
Working capital-€7,746below the sector's middle half--€13,655below the sector's middle half▼ 76.3%-€18,924below the sector's middle half▼ 38.6%-€22,671below the sector's middle half▼ 19.8%-€20,219below the sector's middle half▲ 10.8%
Solvency-11.9%below the sector's middle half--21.8%below the sector's middle half▼ 9.9pp-29.0%below the sector's middle half▼ 7.2pp-34.5%below the sector's middle half▼ 5.6pp-27.7%below the sector's middle half▲ 6.8pp
Current ratio0.88below the sector's middle half-0.82below the sector's middle half▼ 0.060.78below the sector's middle half▼ 0.040.74below the sector's middle half▼ 0.030.78below the sector's middle half▲ 0.04
Return on assets (ROA)-45.6%below the sector's middle half--10.5%below the sector's middle half▲ 35.1pp-8.1%below the sector's middle half▲ 2.4pp-5.8%below the sector's middle half▲ 2.4pp3.4%within the sector's middle half▲ 9.1pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4,890 after a loss of €1,168 in 2023, the highest result in the available series.
Key figures and ratios
Quick ratio
0.15▲
2023 · 0.03
Debt to equity
-4.61▼
2023 · -3.90
Debt ≤ 1 year
€93,127▲
2023 · €88,311
Income taxes
€0▲
2023 · -€0
Staff costs
€119
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 906 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
6.1%
went bankrupt
4.1%
stopped otherwise
89%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% 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 497,338 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 906 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €119 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €472 | €501 | €501 | €29 | - | - |
| Other operating charges640/8 | - | €101 | €450 | €588 | €570 | ▼ 3.1% |
| Gross operating margin9900 | -€4,854 | -€4,534 | -€2,533 | -€551 | €5,579 | ▲ 1,113% |
| Operating profit (loss)9901 | -€25,466 | -€5,135 | -€3,483 | -€1,168 | €4,890 | ▲ 519% |
| Financial income75/76B | - | €12 | - | €350 | €1 | ▼ 99.6% |
| Recurring financial income75 | - | €12 | - | €350 | €1 | ▼ 99.6% |
| Financial charges65/66B | - | €1,435 | €1,818 | €2,958 | €2,439 | ▼ 17.5% |
| Recurring financial charges65 | €1,569 | €1,435 | €1,818 | €2,958 | €2,439 | ▼ 17.5% |
| Profit (loss) for the period before taxes9903 | -€27,035 | -€6,559 | -€5,301 | -€3,775 | €2,452 | ▲ 165% |
| Income taxes67/77 | - | - | - | -€0 | €0 | ▲ 600% |
| Profit (loss) for the period9904 | -€27,035 | -€6,559 | -€5,301 | -€3,775 | €2,452 | ▲ 165% |
| Profit (loss) for the period to be appropriated9905 | -€27,035 | -€6,559 | -€5,301 | -€3,775 | €2,452 | ▲ 165% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,252 | €62,385 | €65,264 | €65,640 | €72,909 | ▲ 11.1% |
| Fixed assets21/28 | €1,030 | €529 | €29 | - | - | - |
| Tangible fixed assets22/27 | €1,030 | €529 | €29 | - | - | - |
| Plant, machinery and equipment23 | - | €529 | €29 | - | - | - |
| Current assets29/58 | €58,222 | €61,855 | €65,235 | €65,640 | €72,909 | ▲ 11.1% |
| Stocks and contracts in progress3 | €55,538 | €59,331 | €63,155 | €63,155 | €59,331 | ▼ 6.1% |
| Stocks30/36 | - | €59,331 | €63,155 | €63,155 | €59,331 | ▼ 6.1% |
| Amounts receivable within one year40/41 | €2,342 | €1,765 | €1,714 | €2,129 | €13,382 | ▲ 529% |
| Trade receivables40 | - | €1,287 | €844 | €1,914 | €13,080 | ▲ 583% |
| Other amounts receivable41 | - | €478 | €870 | €214 | €303 | ▲ 41.3% |
| Cash at bank and in hand54/58 | €342 | €759 | €349 | €340 | €196 | ▼ 42.5% |
| Deferred charges and accrued income490/1 | - | - | €17 | €17 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,252 | €62,385 | €65,264 | €65,640 | €72,909 | ▲ 11.1% |
| Equity10/15 | -€7,035 | -€13,594 | -€18,895 | -€22,671 | -€20,219 | ▲ 10.8% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€27,035 | -€33,594 | -€38,895 | -€42,671 | -€40,219 | ▲ 5.7% |
| Amounts payable17/49 | €66,287 | €75,979 | €84,159 | €88,311 | €93,127 | ▲ 5.5% |
| Amounts payable within one year42/48 | €65,968 | €75,510 | €84,159 | €88,311 | €93,127 | ▲ 5.5% |
| Financial debts43 | - | €15,720 | €19,638 | €21,743 | €11,441 | ▼ 47.4% |
| Credit institutions430/8 | - | €15,720 | €19,638 | €21,743 | €11,441 | ▼ 47.4% |
| Trade debts44 | €905 | €1,254 | €720 | €720 | €724 | ▲ 0.5% |
| Suppliers440/4 | - | €1,254 | €720 | €720 | €724 | ▲ 0.5% |
| Taxes, remuneration and social security45 | - | - | €98 | €99 | €185 | ▲ 88.0% |
| Taxes450/3 | - | - | €98 | €99 | €185 | ▲ 88.0% |
| Other amounts payable47/48 | - | €58,536 | €63,703 | €65,749 | €80,777 | ▲ 22.9% |
| Accrued charges and deferred income492/3 | - | €469 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,035 | -€6,559 | -€5,301 | -€3,775 | €2,452 | ▲ 165% |
| + Depreciation and write-downs630 | €472 | €501 | €501 | €29 | - | - |
| Operating cash flow (approximation) | -€26,564 | -€6,058 | -€4,801 | -€3,746 | €2,452 | ▲ 165% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €417 | -€410 | -€9 | -€144 | ▼ 1,465% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Back to profitnet €2,452
Net result €2,452 after 4 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 88 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Puurs-Sint-Amands · 2 establishment units since 2019
Ground area
2,037 m²
Building footprint
315 m²
Volume, LiDAR
1,396 m³
2 parcels, Flanders, Wallonia · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
SoeaSack
since 20192.293.897.966
SoeaSack
since 20212.320.440.235
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12034A1129/00R000 | Flanders | 1,571 m² | 1 · 302 m² | 8.8 m · 1 fl. |
| 91075A0775/00T000 | Wallonia | 466 m² | 1 · 13 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 siteRochefort2.320.440.235
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FAIRFAX
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 4,414 companies in sector 46180 we hold annual accounts for 1,892. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46900Non-specialised wholesale trade
47120Other non-specialised retail sale
70200Business and other management consultancy
Contact
Website
www.soeasack.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0734633458
Registered
27-03-2026
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.