Summary
Soete Construct is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €33,542 and a net result of €8,451. Equity is growing by ~44.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 9866 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9866 sector peers (2024).
NBB · sector comparisonPosition among 9866 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
15 d early
2022
28 d early
2021
12 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 17 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€33,542▲ 33.7%
2023 · €25,091
Net result
€8,451▲ 13.9%
2023 · €7,417
Total assets
€167,000▲ 154%
2023 · €65,849
Solvency
20.1%▼ 18.0pp
2023 · 38.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line2021202220232024
Operating result€139-€22,640▲ 16,203%-€1,956€5,103
Net result€9below the sector's middle half-€16,964within the sector's middle half▲ 179,798%€7,417within the sector's middle half▼ 56.3%€8,451within the sector's middle half▲ 13.9%
Equity€1,509below the sector's middle half-€17,674below the sector's middle half▲ 1,071%€25,091below the sector's middle half▲ 42.0%€33,542below the sector's middle half▲ 33.7%
Total assets€11,819below the sector's middle half-€64,245below the sector's middle half▲ 444%€65,849below the sector's middle half▲ 2.5%€167,000within the sector's middle half▲ 154%
Debt€10,310-€46,571▲ 352%€40,758▼ 12.5%€133,458▲ 227%
Working capital€7,929-€51,924▲ 555%€24,640▼ 52.5%€31,319▲ 27.1%
Solvency12.8%below the sector's middle half-27.5%within the sector's middle half▲ 14.7pp38.1%within the sector's middle half▲ 10.6pp20.1%below the sector's middle half▼ 18.0pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
The operating result returns to profit in 2024: €5,103 after a loss of €1,956 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €167,000
Fixed assets
€118,575 ▲ 297%
Current assets
€48,425 ▲ 34.5%
Equity and liabilities €167,000
Equity
€33,542 ▲ 33.7%
Debt
€133,458 ▲ 227%
Debt's share of the balance-sheet total rises from 61.9% to 79.9%. Equity and debt are higher.
Key figures and ratios
ROE
25.2%▼
2023 · 29.6%
ROA
5.1%▼
2023 · 11.3%
Debt ≤ 1 year
€17,106▲
2023 · €11,375
Debt > 1 year
€110,157▲
2023 · €29,383
Income taxes
€612
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €374 | €1,126 | €1,297 | €3,426 | ▲ 164% |
| Other operating charges640/8 | - | €182 | €234 | €126 | ▼ 46.1% |
| Gross operating margin9900 | €513 | €23,948 | -€425 | €8,655 | ▲ 2,137% |
| Operating profit (loss)9901 | €139 | €22,640 | -€1,956 | €5,103 | ▲ 361% |
| Financial income75/76B | - | €0 | €10,002 | €7,500 | ▼ 25.0% |
| Recurring financial income75 | - | €0 | €10,002 | €7,500 | ▼ 25.0% |
| Financial charges65/66B | €14 | €89 | €629 | €3,541 | ▲ 463% |
| Recurring financial charges65 | €14 | €89 | €629 | €3,541 | ▲ 463% |
| Profit (loss) for the period before taxes9903 | €125 | €22,551 | €7,417 | €9,063 | ▲ 22.2% |
| Income taxes67/77 | €116 | €5,587 | - | €612 | - |
| Profit (loss) for the period9904 | €9 | €16,964 | €7,417 | €8,451 | ▲ 13.9% |
| Profit (loss) for the period to be appropriated9905 | €9 | €16,964 | €7,417 | €8,451 | ▲ 13.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €11,819 | €64,245 | €65,849 | €167,000 | ▲ 154% |
| Formation expenses20 | €1,126 | - | - | - | - |
| Fixed assets21/28 | €750 | €750 | €29,834 | €118,575 | ▲ 297% |
| Tangible fixed assets22/27 | - | - | €29,084 | €37,825 | ▲ 30.1% |
| Furniture and vehicles24 | - | - | - | €4,298 | - |
| Other tangible fixed assets26 | - | - | €29,084 | €33,528 | ▲ 15.3% |
| Financial fixed assets28 | €750 | €750 | €750 | €80,750 | ▲ 10,667% |
| Current assets29/58 | €9,943 | €63,495 | €36,015 | €48,425 | ▲ 34.5% |
| Amounts receivable after more than one year29 | €2,000 | €2,751 | €6,756 | - | - |
| Other amounts receivable291 | €2,000 | €2,751 | €6,756 | - | - |
| Amounts receivable within one year40/41 | €6,600 | €11,584 | €15,200 | €11,000 | ▼ 27.6% |
| Trade receivables40 | €6,600 | €8,264 | €11,200 | €7,000 | ▼ 37.5% |
| Other amounts receivable41 | - | €3,320 | €4,000 | €4,000 | = |
| Cash at bank and in hand54/58 | €1,343 | €47,910 | €12,808 | €5,524 | ▼ 56.9% |
| Deferred charges and accrued income490/1 | - | €1,250 | €1,250 | €31,901 | ▲ 2,452% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €11,819 | €64,245 | €65,849 | €167,000 | ▲ 154% |
| Equity10/15 | €1,509 | €17,674 | €25,091 | €33,542 | ▲ 33.7% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Outside capital11 | €1,500 | - | - | - | - |
| Other1109/19 | €1,500 | - | - | - | - |
| Reserves13 | €9 | €16,174 | €23,591 | €32,042 | ▲ 35.8% |
| Distributable reserves133 | €9 | €16,174 | €23,591 | €32,042 | ▲ 35.8% |
| Amounts payable17/49 | €10,310 | €46,571 | €40,758 | €133,458 | ▲ 227% |
| Amounts payable after more than one year17 | €5,927 | €35,000 | €29,383 | €110,157 | ▲ 275% |
| Financial debts170/4 | - | €35,000 | €29,383 | €76,460 | ▲ 160% |
| Other amounts payable178/9 | €5,927 | - | - | €33,697 | - |
| Amounts payable within one year42/48 | €2,014 | €11,571 | €11,375 | €17,106 | ▲ 50.4% |
| Current portion of amounts payable after more than one year42 | - | €1,200 | - | €12,044 | - |
| Financial debts43 | - | - | €2,354 | - | - |
| Credit institutions430/8 | - | - | €2,354 | - | - |
| Trade debts44 | - | €784 | €7,293 | €645 | ▼ 91.2% |
| Suppliers440/4 | - | €784 | €7,293 | €645 | ▼ 91.2% |
| Taxes, remuneration and social security45 | €2,014 | €9,027 | €1,728 | €4,417 | ▲ 156% |
| Taxes450/3 | €514 | €9,027 | €1,728 | €4,417 | ▲ 156% |
| Remuneration and social security454/9 | €1,500 | - | - | - | - |
| Other amounts payable47/48 | - | €560 | - | - | - |
| Accrued charges and deferred income492/3 | €2,368 | - | - | €6,196 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9 | €16,964 | €7,417 | €8,451 | ▲ 13.9% |
| + Depreciation and write-downs630 | €374 | €1,126 | €1,297 | €3,426 | ▲ 164% |
| Operating cash flow (approximation) | €383 | €18,090 | €8,714 | €11,877 | ▲ 36.3% |
| Investment in fixed assets (approximation) | - | -€1,126 | -€30,382 | -€92,167 | ▼ 203% |
| Change in cash | - | €46,566 | -€35,101 | -€7,285 | ▲ 79.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €16,964 ▲179,798%
Operating result €22,640, net result €16,964, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Brugge · 1 establishment unit since 2021
Ground area
267 m²
Building footprint
142 m²
Volume, LiDAR
1,176 m³
Parcel 31805E0854/00X012, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Soete Construct BV
since 20212.320.657.296
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31805E0854/00X012 | Flanders | 267 m² | 1 · 142 m² | 13.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
- Sourceown accounts 202150%
According to the 2021 annual accounts of Soete Construct and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
984500KE5CBDVU8GB748
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 9,124 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
Founded18-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
Contact
E-mail
thomassoete1@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0772643305
Also
9925:BE0772643305
Registered
28-08-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.