Equity
-€5,406
Debts exceed assets in financial year 2025.
SOETE PROJECTS
Lifetime
3 annual accounts with figures on one time axispeak €14,356 (2023)
€3,788▲ 119%
lowest -€15,456 (2025)
-€15,456▼ €13,378
peak €12,128 (2023)
-€5,406▼ €15,456
€128,305▲ 14.4%
Board3 names since 2023
2 directorsSOETE Piet Kamiel Jozef and 1 other
Documentsfilings and deeds
18-06-202643 days before the deadline
2025micro format
Gross margin from €1,730 to €3,788Loss of €15,456Appointment: Soete Wout (director) 29-01Equity from €10,050 to -€5,4061 establishment registeredInvestments €40,110
Key points
from the 2025 annual accountsLosses
-€17,534 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Turnover
≈ €23,000 estimated
The micro format states no turnover.
Debts
€128,305 104% of the balance sheet
Suppliers 22%Taxes and wages 0%Other 77%
Investments
€35,550 2.0 × depreciation
Green is investment, beige is depreciation. Machinery stands 86.9% higher than in 2024.
Position in the sector
-€15,456
Lower net result than 90% of companies in personal services. Sector median €2,797 · 5,760 companies.
Checked score
51
Fair
Financially stronger than 19% of micro companies in personal services (NACE 96)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 7,626 companies (NACE 96, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%lowest value
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.6%▲ +0.1 percentage points vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.7%▲ +0.1 percentage points vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 1.4%▲ +0.7 percentage points vs 06-2025
08-2025: 1.4%● unchanged vs 07-2025
09-2025: 1.4%● unchanged vs 08-2025
10-2025: 1.3%▼ -0.1 percentage points vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.4%▲ +0.1 percentage points vs 03-2026
05-2026: 1.4%● unchanged vs 04-2026
06-2026: 1.4%● unchanged vs 05-2026
07-2026: 1.5%▲ +0.1 percentage points vs 06-2026
08-2026: 1.8%▲ +0.3 percentage points vs 07-2026
09-2026: 1.9%▲ +0.1 percentage points vs 08-2026
10-2026: 2.3%▲ +0.4 percentage points vs 09-2026highest value
11-2026: 2.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Founded in 2023
Loss of €15,456, the second in a row (financial year 2025)
Negative equity -€5,406
lowers risk
Size: total assets €122,899
Calculation
The band follows from the bankruptcy probability. 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 96, micro). It does better than 27% of them on solvency, 6% on liquidity, 38% on profitability and 5% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as SOETE PROJECTS has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOETE PROJECTS itself: 2.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for SOETE PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.34 (0.58 in 2024), below 1. Short-term debt is 104.4% and cash 3.2% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€5,406
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 18-06-2026, 43 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
43 days early
2024
41 days early
2023
21 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 35 days before the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 June (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Appointment: Arthur Lecot (director)
General meeting of 01-09-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0795923107
Appointment: Soete Wout (director)
Gazette deed
New establishment in Menen
Spijs, Moeskroenstraat 717
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOETE PROJECTS Ostend | - | - | -4.4% | - |
| FUNERAILLES EDEN PARK Montigny-le-Tilleul | €15,405 | 8.7% | -91.0% | - |
| Baken Uitvaartzorg Ranst | - | - | 4.7% | - |
| Centre Funéraire Laurent Wauthy & Heerwegh Rochefort | - | - | 40.0% | - |
| ZIEL UITVAARTHUIS Bree | - | - | -55.3% | - |
| MEMORIA GROUP Machelen (Brab.) | - | - | 71.6% | - |
| Marbrerie Legroux Charleroi | €116,859 | 14.6% | 22.5% | - |
These companies have the same main activity as SOETE PROJECTS: funeral services (NACE 96301). They are comparable in size and age: total assets between €68,600 and €295,000, founded between 2018 and 2024.
Official details
Source: KBO- Status
- Active since 09-01-2023Normal situation
- Activity
- Funeral servicesNACE 96301and 7 others
- Establishment units
- 2.340.052.0518400 Ostend, since 09-01-2023
- 2.369.764.4388930 Menen, since 02-01-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 17-10-2025
Annual accounts 2025
- €122,899▲ 0.5%
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on SOETE PROJECTS
SOETE PROJECTS files the micro format. That format states no turnover. The gross margin fell from €14,356 in 2023 to €3,788 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SOETE PROJECTS
- What is the company number of SOETE PROJECTS?
- The company number of SOETE PROJECTS is 0795.923.107. The VAT number is the same number with BE in front: BE 0795.923.107.
- Where is SOETE PROJECTS based?
- The registered office is at Rozemarijnstraat 24, 8400 Ostend.Company details
- What does SOETE PROJECTS do?
- According to the KBO register, the main activity is funeral services (NACE 96301).
- What is the legal form of SOETE PROJECTS?
- SOETE PROJECTS is a private limited company (BV).
- When was SOETE PROJECTS founded?
- SOETE PROJECTS was founded on 09-01-2023.
- Is SOETE PROJECTS still active?
- Yes, SOETE PROJECTS is an active enterprise in the KBO register.
- What is the turnover of SOETE PROJECTS?
- The turnover in financial year 2025 is ≈ €23,000. This figure is estimated from the gross margin of €3,788 and 177 comparable companies (NACE 96). It probably lies between €12,000 and €44,000. It is a rough estimate.Financials
- Is SOETE PROJECTS profitable?
- In financial year 2025, SOETE PROJECTS made a loss of €15,456.
- Where can I find the annual accounts of SOETE PROJECTS?
- SOETE PROJECTS filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOETE PROJECTS due?
- SOETE PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.