SOETEN
ActiveSummary
The computed 12-month bankruptcy probability of SOETEN is 1.8% (moderate). The 2025 annual accounts show equity of €996k and a net result of €243k. Equity is growing by ~36.8% per year across the filed fiscal years. Its solvency ranks better than 39% of 10359 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-2
Solvency53▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 2.34 in 2024; short-term debt: 24.6% and cash: 4.1% of total assets), and 72.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
27.6%
Return on assets
6.7%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
30 d late
2023
12 d late
2022
24 d early
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€996k▲ 32.3%
2024 · €753k
2021: €174k
2022: €431k
2023: €544k
2024: €753k
2021 → 2025
Total assets
€3.61M▲ 42.4%
2024 · €2.53M
2021: €975k
2022: €1.63M
2023: €1.90M
2024: €2.53M
2021 → 2025
Net result
€243k▲ 16.6%
2024 · €209k
2021: €139k
2022: €257k
2023: €113k
2024: €209k
2021 → 2025
Working capital
€328k▼ 34.4%
2024 · €500k
2021: €12k
2022: €319k
2023: €288k
2024: €500k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€174k-€431k▲ 147%€544k▲ 26.3%€753k▲ 38.3%€996k▲ 32.3%
Operating result€185k-€352k▲ 90.6%€146k▼ 58.4%€308k▲ 110%€356k▲ 15.5%
Net result€139k-€257k▲ 84.4%€113k▼ 55.9%€209k▲ 84.0%€243k▲ 16.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.61M
Fixed assets
€2.39M ▲ 44.2%
Current assets
€1.22M ▲ 39.2%
Equity and liabilities €3.61M
Equity
€996k ▲ 32.3%
Debt
€2.61M ▲ 46.7%
The debt ratio rises from 70.3% to 72.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€394k▲
2024 · €329k
Cash flow
€282k▲
2024 · €230k
Current ratio
1.37▼
2024 · 2.34
Quick ratio
0.90▼
2024 · 1.11
Debt / equity
2.62▲
2024 · 2.36
ROE
24.4%▼
2024 · 27.7%
ROA
6.7%▼
2024 · 8.2%
Interest coverage
12.44▲
2024 · 11.78
Debt ≤ 1 year
€889k▲
2024 · €375k
Debt > 1 year
€1.72M▲
2024 · €1.40M
Income taxes
€84k▲
2024 · €76k
Staff costs
€52k▲
2024 · €8k
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 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.53M€3.61M▲
Fixed assets21/28€1.66M€2.39M▲
Intangible fixed assets21€8k€4k▼
Tangible fixed assets22/27€1.61M€2.35M▲
Land and buildings22€573k€556k▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€5k€47k▲
Other tangible fixed assets26€1.03M€1.74M▲
Financial fixed assets28€40k€40k=
Current assets29/58€875k€1.22M▲
Amounts receivable after more than one year29€128k€286k▲
Other amounts receivable291€128k€286k▲
Stocks and contracts in progress3€460k€415k▼
Stocks30/36€460k€415k▼
Amounts receivable within one year40/41€162k€363k▲
Trade receivables40€92k€188k▲
Other amounts receivable41€70k€175k▲
Current investments50/53€2k€0▼
Cash at bank and in hand54/58€101k€147k▲
Deferred charges and accrued income490/1€22k€7k▼
Equity and liabilities
Total equity and liabilities10/49€2.53M€3.61M▲
Equity10/15€753k€996k▲
Contributions10/11€35k€35k=
Reserves13€718k€961k▲
Tax-exempt reserves132€84k€0▼
Distributable reserves133€634k€961k▲
Amounts payable17/49€1.78M€2.61M▲
Amounts payable after more than one year17€1.40M€1.72M▲
Financial debts170/4€529k€501k▼
Other amounts payable178/9€871k€1.22M▲
Amounts payable within one year42/48€375k€889k▲
Current portion of amounts payable after more than one year42€34k€38k▲
Financial debts43€171k€179k▲
Credit institutions430/8€171k€179k▲
Trade debts44€97k€641k▲
Suppliers440/4€97k€641k▲
Taxes, remuneration and social security45€30k€32k▲
Taxes450/3€27k€26k▼
Remuneration and social security454/9€3k€6k▲
Other amounts payable47/48€43k€0▼
Accrued charges and deferred income492/3€5k€2k▼
Income statement
Code20242025
Non-recurring operating income76A-€7k
Remuneration, social security and pensions62€8k€52k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€39k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€9k▲
Other operating charges640/8€8k€11k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€348k€466k▲
Operating profit (loss)9901€308k€356k▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€28k€32k▲
Recurring financial charges65€28k€32k▲
Profit (loss) for the period before taxes9903€284k€327k▲
Income taxes67/77€76k€84k▲
Profit (loss) for the period9904€209k€243k▲
Transfer from tax-exempt reserves789€42k€84k▲
Profit (loss) for the period to be appropriated9905€251k€328k▲
Appropriation of the result
Profit (loss) to be appropriated9906€251k€328k▲
Transfer from equity791/2€0-
Transfer to equity691/2€251k€328k▲
To other reserves6921€251k€328k▲
Social balance
Average headcount (FTE)90871.01.7▲
The notes to these accounts (23 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 12 days late
2023
31-12
Financial
Weakest financial yearnet €113k ▼55.9%
Net result drops to €113k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500kEq €544k ▲26.3%
3 profitable years in a row build equity to €544k.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2021net €257k ▲84.4%
Net result €257k, the highest in the series.
31-12
Financial
Equity above €200kEq €431k ▲147%
2 profitable years in a row build equity to €431k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
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, Knokke-Heist · 2 establishment units since 2025
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.
Kustlaan 2838300 Knokke-HeistGround area
1,040 m²
Building footprint
418 m²
Volume, LiDAR
7,465 m³
2 parcels, Flanders · tallest building 25.3 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Vision XR Gallery Antwerp
since 20252.370.694.549
Vision XR Gallery Knokke
since 20252.373.179.234
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3671/00A003 | Flanders | 871 m² | 1 · 279 m² | 21.2 m · 6 fl. |
| 31332E0103/00_000 | Flanders | 169 m² | 1 · 139 m² | 25.3 m · 7 fl. |
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
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 1,435 companies in sector 47791 we hold annual accounts for 455. 231 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2020
Fiscal year end31-12
Activities, NACEBEL
47791Retail sale of antiques
73110Advertising agencies
68121Development of residential building projects
68122Development of non-residential building projects
47690Retail sale of other cultural and recreation goods
47787Retail trade
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
90032Arts creation and performing arts activities
90120Visual arts creation
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.