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SOFAP

Active
Private limited companyfounded 198342 yrs activeZénobe Grammelaan 48, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0425.229.588
Summary

The computed 12-month bankruptcy probability of SOFAP is 1.5% (moderate). The 2025 annual accounts show equity of €767,575 and a net result of -€43,408. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 1983 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).

Checked score

Score 2025
Axes · tick = 2024
Profitability25▲+14
Solvency61▼-1
Growth52=
Track record84
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 2.35 against 3.73 in 2024; short-term debt: 6.1% and cash: 0% of total assets), but 64.1% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 42 years 0 50 y
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€43,408
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
31 d late
2024
18 d late
2023
30 d late
2022
on the day
2021
19 d late
2020
30 d late
2019
61 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 27 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
Address struckAddress strikeout annulled
Checked, nothing found (1)
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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline

History

SOFAP was incorporated on 15 December 1983.1 Total assets rose from EUR 32,743 in 2018 to EUR 2.1 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€43,408▲ 67.5%
2024 · -€133,670
Working capital
€177,343▼ 25.5%
2024 · €238,117
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€17,760▲ 76.8%€1.7m-€65,351-€80,699▼ 23.5%-€1,120▲ 98.6%
Net result-€19,964▲ 74.0%€1.2m-€103,875-€133,670▼ 28.7%-€43,408▲ 67.5%
Equity-€200,016▼ 11.1%€1.0m€944,653▼ 9.9%€810,983▼ 14.2%€767,575▼ 5.4%
Total assets€25,633▼ 4.5%€2.5m▲ 9,684%€2.3m▼ 6.9%€2.2m▼ 5.8%€2.1m▼ 2.9%
Debt€225,649▲ 9.1%€1.0m▲ 345%€934,244▼ 7.0%€932,922▼ 0.1%€912,538▼ 2.2%
Working capital-€90,363€469,286€377,208▼ 19.6%€238,117▼ 36.9%€177,343▼ 25.5%
Result per fiscal year
Operating resultNet result
-€500,000€0€500,000€1.0m€1.5mOperating result 2021: -€17,760-€17,760Net result 2021: -€19,964-€19,964Operating result 2022: €1.7m€1.7mNet result 2022: €1.2m€1.2mOperating result 2023: -€65,351-€65,351Net result 2023: -€103,875-€103,875Operating result 2024: -€80,699-€80,699Net result 2024: -€133,670-€133,670Operating result 2025: -€1,120-€1,120Net result 2025: -€43,408-€43,40820212022202320242025-€150,000-€100,000-€50,000€0Operating result 2023: -€65,351-€65,400Net result 2023: -€103,875-€104,000Operating result 2024: -€80,699-€80,700Net result 2024: -€133,670-€134,000Operating result 2025: -€1,120-€1,120Net result 2025: -€43,408-€43,400202320242025
The operating result stays negative: a loss of €1,120 in 2025 against €80,699 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets €1.8m ▼ 2.5%
Current assets €308,516 ▼ 5.2%
Equity and liabilities €2.1m
Equity €767,575 ▼ 5.4%
Provisions €455,163 =
Debt €912,538 ▼ 2.2%
Debt's share of the balance-sheet total rises from 42.4% to 42.7%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€45,762▲
2024 · -€33,816
Cash flow
€3,474▲
2024 · -€86,787
Current ratio
2.35▼
2024 · 3.73
Debt to equity
1.19▲
2024 · 1.15
ROE
-5.7%▲
2024 · -16.5%
ROA
-2.0%▲
2024 · -6.1%
Interest coverage
1.08▲
2024 · -0.64
Debt ≤ 1 year
€131,173▲
2024 · €87,309
Debt > 1 year
€781,365▼
2024 · €845,613
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 8,616 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.2m€2.1m▼
Fixed assets21/28€1.9m€1.8m▼
Tangible fixed assets22/27€1.9m€1.8m▼
Land and buildings22€1.9m€1.8m▼
Other tangible fixed assets26€8,976€7,854▼
Current assets29/58€325,426€308,516▼
Amounts receivable after more than one year29€226,000€215,105▼
Trade receivables290€226,000€215,105▼
Amounts receivable within one year40/41€99,403€93,387▼
Other amounts receivable41€99,403€93,387▼
Cash at bank and in hand54/58€23€24▲
Equity and liabilities
Total equity and liabilities10/49€2.2m€2.1m▼
Equity10/15€810,983€767,575▼
Contributions10/11€30,987€30,987=
Reserves13€1.4m€1.4m=
Non-distributable reserves130/1€3,099€3,099=
Reserves not available under the articles1311€3,099€3,099=
Tax-exempt reserves132€1.4m€1.4m=
Profit (loss) carried forward14-€588,592-€632,000▼
Provisions and deferred taxes16€455,163€455,163=
Provisions for liabilities and charges160/5-€455,163
Pensions and similar obligations160-€455,163
Deferred taxes168€455,163-
Amounts payable17/49€932,922€912,538▼
Amounts payable after more than one year17€845,613€781,365▼
Financial debts170/4€845,613€781,365▼
Amounts payable within one year42/48€87,309€131,173▲
Current portion of amounts payable after more than one year42€52,304€60,666▲
Trade debts44€35,005€70,507▲
Suppliers440/4€35,005€70,507▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,883€46,882=
Other operating charges640/8€43,111€40,094▼
Gross operating margin9900€9,295€85,856▲
Operating profit (loss)9901-€80,699-€1,120▲
Financial charges65/66B€52,971€42,288▼
Recurring financial charges65€52,971€42,288▼
Profit (loss) for the period before taxes9903-€133,670-€43,408▲
Profit (loss) for the period9904-€133,670-€43,408▲
Profit (loss) for the period to be appropriated9905-€133,670-€43,408▲
Appropriation of the result
Profit (loss) to be appropriated9906-€588,592-€632,000▼
Profit (loss) brought forward from the previous period14P-€454,922-€588,592▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,501€30,507€46,883€46,883€46,882=
Other operating charges640/8€12,366€33,223€33,141€43,111€40,094▼ 7.0%
Gross operating margin9900-€3,893€1.8m€14,673€9,295€85,856▲ 824%
Operating profit (loss)9901-€17,760€1.7m-€65,351-€80,699-€1,120▲ 98.6%
Financial charges65/66B€2,204€34,947€38,524€52,971€42,288▼ 20.2%
Recurring financial charges65€2,204€34,947€38,524€52,971€42,288▼ 20.2%
Profit (loss) for the period before taxes9903-€19,964€1.7m-€103,875-€133,670-€43,408▲ 67.5%
Transfer to deferred taxes680-€455,164----
Profit (loss) for the period9904-€19,964€1.2m-€103,875-€133,670-€43,408▲ 67.5%
Transfer to tax-exempt reserves689-€1.4m----
Profit (loss) for the period to be appropriated9905-€19,964-€116,945-€103,875-€133,670-€43,408▲ 67.5%
Line20212022202320242025Change
Assets
Total assets20/58€25,633€2.5m€2.3m€2.2m€2.1m▼ 2.9%
Fixed assets21/28€25,347€2.0m€1.9m€1.9m€1.8m▼ 2.5%
Tangible fixed assets22/27€25,347€2.0m€1.9m€1.9m€1.8m▼ 2.5%
Land and buildings22€25,347€2.0m€1.9m€1.9m€1.8m▼ 2.5%
Other tangible fixed assets26-€22,440€10,098€8,976€7,854▼ 12.5%
Current assets29/58€286€529,293€413,535€325,426€308,516▼ 5.2%
Amounts receivable after more than one year29--€226,000€226,000€215,105▼ 4.8%
Trade receivables290--€226,000€226,000€215,105▼ 4.8%
Amounts receivable within one year40/41--€187,383€99,403€93,387▼ 6.1%
Other amounts receivable41--€187,383€99,403€93,387▼ 6.1%
Cash at bank and in hand54/58€286€529,293€152€23€24▲ 4.3%
Equity and liabilities
Total equity and liabilities10/49€25,633€2.5m€2.3m€2.2m€2.1m▼ 2.9%
Equity10/15-€200,016€1.0m€944,653€810,983€767,575▼ 5.4%
Contributions10/11€30,987€30,987€30,987€30,987€30,987=
Outside capital11€30,987-----
Other1109/19€30,987-----
Reserves13€3,099€1.4m€1.4m€1.4m€1.4m=
Non-distributable reserves130/1€3,099€3,099€3,099€3,099€3,099=
Reserves not available under the articles1311€3,099€3,099€3,099€3,099€3,099=
Tax-exempt reserves132-€1.4m€1.4m€1.4m€1.4m=
Profit (loss) carried forward14-€234,102-€351,047-€454,922-€588,592-€632,000▼ 7.4%
Provisions and deferred taxes16-€455,163€455,163€455,163€455,163=
Provisions for liabilities and charges160/5----€455,163-
Pensions and similar obligations160----€455,163-
Deferred taxes168-€455,163€455,163€455,163--
Amounts payable17/49€225,649€1.0m€934,244€932,922€912,538▼ 2.2%
Amounts payable after more than one year17€135,000€944,223€897,917€845,613€781,365▼ 7.6%
Financial debts170/4€135,000€944,223€897,917€845,613€781,365▼ 7.6%
Amounts payable within one year42/48€90,649€60,007€36,327€87,309€131,173▲ 50.2%
Current portion of amounts payable after more than one year42-€55,807€36,327€52,304€60,666▲ 16.0%
Financial debts43€12,163-----
Credit institutions430/8€12,163-----
Trade debts44€9,621€4,200-€35,005€70,507▲ 101%
Suppliers440/4€9,621€4,200-€35,005€70,507▲ 101%
Other amounts payable47/48€68,865-----
Line20212022202320242025Change
Profit (loss) for the period9904-€19,964€1.2m-€103,875-€133,670-€43,408▲ 67.5%
+ Depreciation and write-downs630€1,501€30,507€46,883€46,883€46,882=
Operating cash flow (approximation)-€18,463€1.3m-€56,992-€86,787€3,474▲ 104%
Investment in fixed assets (approximation)--€2.0m€11,220€0€0-
Change in cash-€529,007-€529,141-€129€1▲ 101%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
18-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
31-12
Financial Weakest financial yearnet -€133,670
Net result drops to -€133,670, the lowest in the series; recovery starts the following year.
13-12
KBO administration Address strikeout annulled
02-09
KBO administration Address struck
event 13-01-2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Back to profitnet €1.2m
Net result €1.2m after 4 loss-making years.
31-12
Financial Liquidity times 2796current ratio 8.82
Current ratio from 0.00 to 8.82; short-term debt falls from €90,649 to €60,007.
31-12
Financial Equity above €1mEq €1.0m
Equity rises from -€200,016 to €1.0m.
19-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Show earlier events
2020
30-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
28-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Schaarbeek · 1 establishment unit since 1983
seat establishment The establishment unit on the map
Ground area
3,505 m²
Building footprint
2,175 m²
Volume, LiDAR
11,079 m³
Parcel 21015A0140/00P000, Brussels · tallest building 19.5 m, ±1 floor. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Zénobe Grammelaan 48 Rez, 1030 Schaarbeek
Manufacture of rubber and plastic products
since 19832.037.918.035
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21015A0140/00P000
ProtectedSite or landscapeHet Moeraske - inclusief het voormalig park WalckiersSource ↗
Brussels 3,505 m² 1 · 2,175 m² 19.5 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Identification & contact

Identification
Legal formPrivate limited company
Founded15-12-1983
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.