Equity
€214.0m ▲ 0.5%
SOFABO has made a profit in every financial year since 2006.
SOFABO
Lifetime
20 annual accounts with figures on one time axis, 44 filings since 1982peak €2.6m (2019)
€1.3m▼ 43.7%
peak €84.2m (2022)
€2.4m▼ 46.9%
peak €214.0m (2025)
€214.0m▲ 0.5%
€17.7m▲ 20×
peak 1.1 FTE (2014)
-not published
Board4 names since 2019
1 directorGESOFA
Owners2 names in the annual accounts
19.79%GESOFA and 1 other
Documentsfilings and deeds
28-08-202628 days late
2025financial year
Turnover from €2.2m to €1.3mResult from €4.5m to €2.4mDividend €1.4mDebts from €895,454 to €17.7mInvestments €19.4mCash from €274,292 to €4.7m
Key points
from the 2025 annual accountsTurnover
€1.3m ▼ 43.7%
Turnover fell in 2025 from €2.2m to €1.3m.
Debts
€17.7m ▲ 20×
Debts rose by €16.8m in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Payment terms
90 days to suppliers
SOFABO pays its suppliers 67 days later than in 2024.
At the same address
36 companies
Group
17 companies controlled
Heads a group.
2025 accounts filed 28 days after the deadline
Checked score
94
Excellent
Financially stronger than 49% of large companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 317 companies (NACE 68, large).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025highest value
10-2025: 0.1%▼ -0.2 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: < 0.1%▼ -0.2 percentage points vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 10.71, cash €4.7m
lowers risk
Size: turnover €1.3m, total assets €231.9m
Founded in 1982
Legal form: public limited company
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 68, large). It does better than 92% of them on solvency, 73% on liquidity, 6% on profitability and 27% on growth.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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, 513 companies had the same profile as SOFABO has now. Each dot stands for 2 companies, two years later.
96.1%
were still trading
3.1%
stopped another way
0.8%
went bankrupt
That fits the bankruptcy probability of SOFABO itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 513 companies, not a prediction for SOFABO. 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
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 10.71, above the usual 1.5. Short-term debt is 7.6% and cash 2% of total assets. 7.7% of the assets are financed with debt and provisions.
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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
29 days late
2023
30 days late
2022
29 days late
2021
31 days late
2020
66 days late
2019
47 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 37 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 29 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- GESOFA 19.79%equity €4.9m (2025) · 2025 annual accounts of GESOFA
- INFISO 12.49%score 97equity €72.5m (2025) · 2025 annual accounts of INFISO
Shares in 28 companies, including ALTIORE and BOSS IMMO
Board & ownershipRecent changes
New sole director
BOSQUIN Victor Tomas appointed, GESOFA resigned · Permanent representative: BOSQUIN Victor Tomas · Director discharge: GESOFA · Gazette deed
Publication in the Belgian Official Gazette
Capital €18,200,000, annual accounts 2023 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0422978396
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOFABO Herve | €1.3m | - | 92.3% | - |
| MARTIN BRAUN BELGIUM Erpe-Mere | €2.7m | 3.5% | 99.5% | 1.8 |
| ANKER Antwerp | €0.5m | -44.8% | 24.1% | 4.9 |
| Association Intercommunale de Financement pour l'Equipement Economique de la Province de Luxembourg Arlon | €0.6m | -8.0% | 14.8% | - |
| E.T.A. Herselt | €0.5m | 39.9% | 82.7% | 8 |
| Baltisse Real Estate Ghent | €0.7m | - | 82.5% | - |
| INTERCOMMUNALE DE GESTION IMMOBILIERE LIEGEOISE Liège | €1.5m | - | 66.6% | 21.7 |
These companies have the same main activity as SOFABO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €73m and €330m, founded between 1984 and 2004.
Official details
Source: KBO- Status
- Active since 22-06-1982Normal situation
- Registered office
- 37 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 2 others
- Establishment unit
- 2.021.056.3664860 Pepinster, since 22-06-1982
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Companies linked to SOFABO
Subsidiaries and holdings
- COVIFIL100%
- JAFI100%
- ROUTE NATIONALE 69100%
- S.A. AMERICAN BOWLING CLUB100%
- UNIMMO64.3%
- BOCAM58.5%
- GESMANAGEMENT51%
- IMMO LABORU51%
Insights on SOFABO
SOFABO has existed since 1982. Turnover fell from €2.6m in 2019 to €57,922 in 2021.
Solvency fell in 2025 from 99.5% to 92.3% because of the dividend.
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 SOFABO
- What is the company number of SOFABO?
- The company number of SOFABO is 0422.978.396. The VAT number is the same number with BE in front: BE 0422.978.396.
- Where is SOFABO based?
- The registered office is at Avenue du Parc 22, 4650 Herve.Company details
- What does SOFABO do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of SOFABO?
- SOFABO is a public limited company (NV).
- When was SOFABO founded?
- SOFABO was founded on 22-06-1982.
- Is SOFABO still active?
- Yes, SOFABO is an active enterprise in the KBO register.
- What is the turnover of SOFABO?
- The turnover of SOFABO was €1.3m in financial year 2025, according to the filed annual accounts.Financials
- Is SOFABO profitable?
- In financial year 2025, SOFABO made a profit of €2.4m.
- Where can I find the annual accounts of SOFABO?
- SOFABO filed 44 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOFABO due?
- SOFABO 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 See the other companies in the same group.SOFABO · 26 companies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.