SOETAERS CONSTRUCT
ActiveSOETAERS CONSTRUCT has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €744k and a net result of €411. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 46% of 1029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-1
Solvency68▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 3.04 against 1.95 in 2024; short-term debt: 11.2% and cash: 5.7% of total assets), but 57.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
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
42.8%
Return on assets
0%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
10 d early
2023
on the day
2022
20 d early
2021
20 d late
2020
1 d early
2019
19 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€744k▲ 0.1%
2024 · €743k
2018: €169k
2019: €226k
2020: €382k
2021: €536k
2022: €635k
2023: €729k
2024: €743k
2018 → 2025
Total assets
€1.74M▼ 9.4%
2024 · €1.92M
2018: €289k
2019: €1.59M
2020: €1.82M
2021: €2.06M
2022: €2.10M
2023: €2.05M
2024: €1.92M
2018 → 2025
Net result
€411▼ 97.2%
2024 · €14k
2018: €39k
2019: €57k
2020: €155k
2021: €154k
2022: €99k
2023: €94k
2024: €14k
2018 → 2025
Working capital
€397k▲ 60.3%
2024 · €248k
2018: €140k
2019: €195k
2020: €131k
2021: €139k
2022: €120k
2023: €127k
2024: €248k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€536k-€635k▲ 18.4%€729k▲ 14.9%€743k▲ 2.0%€744k▲ 0.1%
Operating result€200k-€145k▼ 27.8%€133k▼ 7.7%€22k▼ 83.8%€5k▼ 75.3%
Net result€154k-€99k▼ 36.1%€94k▼ 4.4%€14k▼ 84.6%€411▼ 97.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 75% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.74M
Fixed assets
€1.15M▼ 18.7%
Current assets
€591k▲ 16.3%
Equity and liabilities €1.74M
Equity
€744k▲ 0.1%
Debt
€994k▼ 15.4%
The debt ratio falls from 61.3% to 57.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€256k▼
2024 · €270k
Cash flow
€251k▼
2024 · €263k
Solvency
42.8%▲
2024 · 38.7%
Current ratio
3.04▲
2024 · 1.95
Quick ratio
2.01▲
2024 · 1.20
Debt / equity
1.34▼
2024 · 1.58
ROE
0.1%▼
2024 · 1.9%
ROA
0.0%▼
2024 · 0.8%
Interest coverage
20.97▲
2024 · 17.90
Debt
€994k▼
2024 · €1.18M
Debt ≤ 1 year
€195k▼
2024 · €261k
Debt > 1 year
€784k▼
2024 · €898k
Income taxes
€948▼
2024 · €5k
Staff costs
€250k▲
2024 · €241k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.92M€1.74M▼
Fixed assets21/28€1.41M€1.15M▼
Tangible fixed assets22/27€1.40M€1.15M▼
Land and buildings22€1.12M€984k▼
Plant, machinery and equipment23€249k€149k▼
Furniture and vehicles24€16k€7k▼
Other tangible fixed assets26€10k€5k▼
Financial fixed assets28€13k€35▼
Current assets29/58€509k€591k▲
Stocks and contracts in progress3€194k€200k▲
Stocks30/36€194k€200k▲
Amounts receivable within one year40/41€178k€258k▲
Trade receivables40€153k€204k▲
Other amounts receivable41€25k€54k▲
Cash at bank and in hand54/58€117k€99k▼
Deferred charges and accrued income490/1€20k€34k▲
Equity and liabilities
Total equity and liabilities10/49€1.92M€1.74M▼
Equity10/15€743k€744k▲
Contributions10/11€19k€19k=
Reserves13€724k€725k▲
Distributable reserves133€724k€725k▲
Amounts payable17/49€1.18M€994k▼
Amounts payable after more than one year17€898k€784k▼
Financial debts170/4€898k€784k▼
Amounts payable within one year42/48€261k€195k▼
Current portion of amounts payable after more than one year42€108k€107k▼
Trade debts44€86k€31k▼
Suppliers440/4€86k€31k▼
Advances received on contracts in progress46€9k€10k▲
Taxes, remuneration and social security45€54k€43k▼
Taxes450/3€16k€2k▼
Remuneration and social security454/9€38k€41k▲
Other amounts payable47/48€4k€4k▼
Accrued charges and deferred income492/3€16k€15k▼
Income statement
Code20242025
Non-recurring operating income76A€6k€0▼
Remuneration, social security and pensions62€241k€250k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€248k€250k▲
Other operating charges640/8€36k€37k▲
Non-recurring operating charges66A€6k€0▼
Gross operating margin9900€553k€543k▼
Operating profit (loss)9901€22k€5k▼
Financial income75/76B€13k€8k▼
Recurring financial income75€13k€8k▼
Financial charges65/66B€15k€12k▼
Recurring financial charges65€15k€12k▼
Profit (loss) for the period before taxes9903€19k€1k▼
Income taxes67/77€5k€948▼
Profit (loss) for the period9904€14k€411▼
Profit (loss) for the period to be appropriated9905€14k€411▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€411▼
Transfer to equity691/2€14k€411▼
To other reserves6921€14k€411▼
Social balance
Average headcount (FTE)90875.45.2▼
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €411 ▼97.2%
Net result drops to €411, the lowest in the series.
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 20 days late
2021
31-12
Financial
Equity above €500kEq €536k ▲40.5%
4 profitable years in a row build equity to €536k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €155k ▲174%
Net result €155k, the highest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 4.50
Current ratio from 2.20 to 4.50; short-term debt falls from €117k to €56k.
31-12
Financial
Equity above €200kEq €226k ▲33.5%
2 profitable years in a row build equity to €226k.
11-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 11 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Alken · 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.
Meerdegatstraat 663570 AlkenGround area
1.1 ha
Building footprint
6,667 m²
Volume, LiDAR
31,379 m³
2 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Erwin Boussu
since 19992.091.726.113
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73302C0113/00M000 | Flanders | 8,955 m² | 1 · 6,423 m² | 7.8 m · 2 fl. |
| 73302D0992/00F000 | Flanders | 1,985 m² | 1 · 244 m² | 1.9 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 14,096 EUR awarded · 8,651 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 96 EUR | 96 EUR |
| 2024 | 1 | 0 EUR | 8,555 EUR |
| 2022 | 1 | 14,000 EUR | 0 EUR |
Schemes
Subsidies laadpalen (Relance)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
8945006F3ZJL8BTWMR80
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HOFMAN SIGNALISATION
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TEMPAC
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Of 557 companies in sector 25999 we hold annual accounts for 351. 248 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-03-1999
Fiscal year end31-12
Activities, NACEBEL
25999Manufacture of fabricated metal products, except machinery and equipment
43222Installation of electric heating, air conditioning, cooling and ventilation
46711Wholesale of cars and light vans (up to 3.5 tonnes)
45112
46180Agents specialised in the wholesale of other particular products
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:erwin.boussu@gmail.com