SOFACOVER
ActiveSOFACOVER has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €602k and a net result of €130k. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 174 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent▲ +15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+54
Solvency56▼-3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.73 in 2024), but 71.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Sector 13
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
28.4%
Return on assets
6.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
43 d early
2023
56 d early
2022
46 d early
2021
38 d early
2020
27 d early
2019
38 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€602k▲ 2.5%
2024 · €587k
2019: €316k
2020: €361k
2021: €477k
2022: €457k
2023: €533k
2024: €587k
2019 → 2025
Total assets
€2.12M▲ 0.7%
2024 · €2.11M
2019: €725k
2020: €1.76M
2021: €2.31M
2022: €2.26M
2023: €2.09M
2024: €2.11M
2019 → 2025
Net result
€130k▲ 140%
2024 · €54k
2019: €9k
2020: €45k
2021: €115k
2022: €-19k
2023: €76k
2024: €54k
2019 → 2025
Working capital
€349k▼ 9.1%
2024 · €385k
2019: €356k
2020: €157k
2021: €343k
2022: €300k
2023: €348k
2024: €385k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€477k-€457k▼ 4.1%€533k▲ 16.5%€587k▲ 10.2%€602k▲ 2.5%
Operating result€143k-€-11k€130k€93k▼ 28.3%€203k▲ 118%
Net result€115k-€-19k€76k€54k▼ 28.2%€130k▲ 140%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 118% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.12M
Fixed assets
€1.12M▼ 6.4%
Current assets
€1.00M▲ 9.9%
Equity and liabilities €2.12M
Equity
€602k▲ 2.5%
Debt
€1.52M=
The debt ratio falls from 72.1% to 71.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€279k▲
2024 · €173k
Cash flow
€206k▲
2024 · €134k
Solvency
28.4%▲
2024 · 27.9%
Current ratio
1.54▼
2024 · 1.73
Quick ratio
1.05▲
2024 · 1.05
Debt / equity
2.52▼
2024 · 2.59
ROE
21.6%▲
2024 · 9.3%
ROA
6.1%▲
2024 · 2.6%
Interest coverage
14.63▲
2024 · 8.45
Debt
€1.52M=
2024 · €1.52M
Debt ≤ 1 year
€653k▲
2024 · €527k
Debt > 1 year
€865k▼
2024 · €955k
Income taxes
€58k▲
2024 · €22k
Staff costs
€107k▲
2024 · €86k
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
Balance sheet
Code20242025
Assets
Total assets20/58€2.11M€2.12M▲
Fixed assets21/28€1.20M€1.12M▼
Tangible fixed assets22/27€1.20M€1.12M▼
Land and buildings22€1.15M€1.10M▼
Plant, machinery and equipment23€41k€20k▼
Leasing and similar rights25€3k€1k▼
Current assets29/58€912k€1.00M▲
Stocks and contracts in progress3€361k€314k▼
Stocks30/36€361k€314k▼
Amounts receivable within one year40/41€358k€299k▼
Trade receivables40€358k€281k▼
Other amounts receivable41-€18k
Current investments50/53€71k€83k▲
Cash at bank and in hand54/58€119k€301k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€2.11M€2.12M▲
Equity10/15€587k€602k▲
Contributions10/11€19k€19k=
Reserves13€569k€584k▲
Tax-exempt reserves132€56k€56k=
Distributable reserves133€513k€527k▲
Amounts payable17/49€1.52M€1.52M=
Amounts payable after more than one year17€955k€865k▼
Financial debts170/4€955k€865k▼
Amounts payable within one year42/48€527k€653k▲
Current portion of amounts payable after more than one year42€110k€92k▼
Trade debts44€337k€374k▲
Suppliers440/4€337k€374k▲
Taxes, remuneration and social security45€28k€38k▲
Taxes450/3€19k€27k▲
Remuneration and social security454/9€8k€11k▲
Other amounts payable47/48€52k€148k▲
Accrued charges and deferred income492/3€38k€3k▼
Income statement
Code20242025
Non-recurring operating income76A€18k€76▼
Remuneration, social security and pensions62€86k€107k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80k€76k▼
Other operating charges640/8€18k€64k▲
Non-recurring operating charges66A€61k-
Gross operating margin9900€338k€450k▲
Operating profit (loss)9901€93k€203k▲
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€20k€19k▼
Recurring financial charges65€20k€19k▼
Profit (loss) for the period before taxes9903€76k€188k▲
Income taxes67/77€22k€58k▲
Profit (loss) for the period9904€54k€130k▲
Profit (loss) for the period to be appropriated9905€54k€130k▲
Appropriation of the result
Profit (loss) to be appropriated9906€54k€130k▲
Transfer from equity791/2-€115k
Transfer to equity691/2€54k€130k▲
To other reserves6921€54k€130k▲
Profit to be distributed694/7-€115k
Return on contributions (dividend)694-€115k
Social balance
Average headcount (FTE)90872.73.0▲
The notes to these accounts (16 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
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €130k ▲140%
Operating result €203k, net result €130k, both a record.
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Back to profitnet €76k
Net result €76k after one loss-making year.
30-06
Financial
Equity above €500kEq €533k ▲16.5%
Equity rises from €457k to €533k.
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-19k ▼117%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
05-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
01-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Deerlijk · 1 establishment unit since 2011
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.
De Spijker 138540 DeerlijkGround area
2,198 m²
Building footprint
1,429 m²
Parcel 34009B1282/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
SOFACOVER
since 20112.197.576.570
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34009B1282/00A000 | Flanders | 2,198 m² | 1 · 1,429 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2023 to 2025 · 3 entries · 5,495 EUR awarded · 5,495 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,491 EUR | 1,491 EUR |
| 2024 | 1 | 2,982 EUR | 2,982 EUR |
| 2023 | 1 | 1,022 EUR | 1,022 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 209 companies in sector 13100 we hold annual accounts for 138. 94 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2001
Fiscal year end30-06
Activities, NACEBEL
13100Manufacture of textiles
13929Manufacture of textiles
17110
17402
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.