SOETE PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of SOETE PROJECTS is 2.9% (moderate). The 2024 annual accounts show equity of €10k and a net result of €-2k. Its solvency ranks better than 37% of 6162 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability67▼-30
Solvency33▼-30
Growth32
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.58 against 1.37 in 2023; short-term debt: 91.8% and cash: 40% of total assets), and 91.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
8.2%
Return on assets
-1.7%
Age of the figures
21 mo
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 20-06-2025, 41 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
21 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€10k▼ 17.1%
2023 · €12k
2023: €12k
2024: €10k▼ -17.1% vs 2023
2023 → 2024
Total assets
€122k▲ 283%
2023 · €32k
2023: €32k
2024: €122k▲ +283% vs 2023
2023 → 2024
Net result
€-2k
2023 · €7k
2023: €7k
2024: €-2k▼ -129% vs 2023
2023 → 2024
Working capital
€-47k
2023 · €7k
2023: €7k
2024: €-47k▼ -745% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€12k-€10k▼ 17.1%
2023: €12k
2024: €10k▼ -17.1% vs 2023
Operating result€10k-€-2k
2023: €10k
2024: €-2k▼ -120% vs 2023
Net result€7k-€-2k
2023: €7k
2024: €-2k▼ -129% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €10k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €122k
Fixed assets
€57k ▲ 1,066%
Current assets
€65k ▲ 142%
Equity and liabilities €122k
Equity
€10k ▼ 17.1%
Debt
€112k ▲ 467%
Debt's share of the balance-sheet total rises from 62.0% to 91.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1k▼
2023 · €14k
Cash flow
€1k▼
2023 · €11k
Current ratio
0.58▼
2023 · 1.37
Debt to equity
11.16▲
2023 · 1.63
ROE
-20.7%▼
2023 · 58.8%
ROA
-1.7%▼
2023 · 22.3%
Interest coverage
13.67▼
2023 · 183.84
Debt ≤ 1 year
€112k▲
2023 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€32k€122k▲
Fixed assets21/28€5k€57k▲
Tangible fixed assets22/27€5k€57k▲
Plant, machinery and equipment23€4k€28k▲
Furniture and vehicles24€1k€29k▲
Current assets29/58€27k€65k▲
Amounts receivable within one year40/41€3k€14k▲
Trade receivables40€2k-
Other amounts receivable41€69€14k▲
Cash at bank and in hand54/58€24k€49k▲
Deferred charges and accrued income490/1€84€2k▲
Equity and liabilities
Total equity and liabilities10/49€32k€122k▲
Equity10/15€12k€10k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€7k€5k▼
Amounts payable17/49€20k€112k▲
Amounts payable within one year42/48€20k€112k▲
Trade debts44€637€31k▲
Suppliers440/4€637€31k▲
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€3k€3k▼
Other amounts payable47/48€16k€79k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€751€577▼
Gross operating margin9900€14k€2k▼
Operating profit (loss)9901€10k€-2k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€74€84▲
Recurring financial charges65€74€84▲
Profit (loss) for the period before taxes9903€10k€-2k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€7k€-2k▼
Profit (loss) for the period to be appropriated9905€7k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€5k▼
Profit (loss) brought forward from the previous period14P-€7k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €3k | ▼ 16.9% |
| Other operating charges640/8 | €751 | €577 | ▼ 23.2% |
| Gross operating margin9900 | €14k | €2k | ▼ 87.9% |
| Operating profit (loss)9901 | €10k | €-2k | ▼ 120% |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €74 | €84 | ▲ 14.0% |
| Recurring financial charges65 | €74 | €84 | ▲ 14.0% |
| Profit (loss) for the period before taxes9903 | €10k | €-2k | ▼ 121% |
| Income taxes67/77 | €3k | - | - |
| Profit (loss) for the period9904 | €7k | €-2k | ▼ 129% |
| Profit (loss) for the period to be appropriated9905 | €7k | €-2k | ▼ 129% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €32k | €122k | ▲ 283% |
| Fixed assets21/28 | €5k | €57k | ▲ 1,066% |
| Tangible fixed assets22/27 | €5k | €57k | ▲ 1,066% |
| Plant, machinery and equipment23 | €4k | €28k | ▲ 627% |
| Furniture and vehicles24 | €1k | €29k | ▲ 2,633% |
| Current assets29/58 | €27k | €65k | ▲ 142% |
| Amounts receivable within one year40/41 | €3k | €14k | ▲ 462% |
| Trade receivables40 | €2k | - | - |
| Other amounts receivable41 | €69 | €14k | ▲ 20,420% |
| Cash at bank and in hand54/58 | €24k | €49k | ▲ 100% |
| Deferred charges and accrued income490/1 | €84 | €2k | ▲ 2,625% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €32k | €122k | ▲ 283% |
| Equity10/15 | €12k | €10k | ▼ 17.1% |
| Contributions10/11 | €5k | €5k | = |
| Profit (loss) carried forward14 | €7k | €5k | ▼ 29.2% |
| Amounts payable17/49 | €20k | €112k | ▲ 467% |
| Amounts payable within one year42/48 | €20k | €112k | ▲ 467% |
| Trade debts44 | €637 | €31k | ▲ 4,724% |
| Suppliers440/4 | €637 | €31k | ▲ 4,724% |
| Taxes, remuneration and social security45 | €3k | €3k | ▼ 12.8% |
| Taxes450/3 | €3k | €3k | ▼ 12.8% |
| Other amounts payable47/48 | €16k | €79k | ▲ 388% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €-2k | ▼ 129% |
| + Depreciation and write-downs630 | €4k | €3k | ▼ 16.9% |
| Operating cash flow (approximation) | €11k | €1k | ▼ 90.2% |
| Investment in fixed assets (approximation) | - | €-55k | - |
| Change in cash | - | €24k | - |
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
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
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, Oostende · 2 establishment units since 2023
Ground area
788 m²
Building footprint
395 m²
Volume, LiDAR
2,813 m³
2 parcels, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Soete Projects
since 20232.340.052.051
Spijs
since 20252.369.764.438
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0498/00T000 | Flanders | 436 m² | 1 · 117 m² | 8.8 m · 2 fl. |
| 34032A0359/00R003 | Flanders | 352 m² | 1 · 278 m² | 12.1 m · 3 fl. |
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.
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Of 903 companies in sector 96301 we hold annual accounts for 612. 146 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
Founded09-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
96301Funeral services
56210Event catering
90201Performing arts by independent artists
90202Performing arts by artistic ensembles
90111Literary creation
90120Visual arts creation
90399Other support activities for arts and performing arts
96302Personal service activities
Contact
E-mail
info@spijscatering.beMenen
Scores and ratios are computed by Checked and are not a credit decision.