Sofarel
ActiveSummary
Sofarel has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €-2k. Equity is shrinking by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 48% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▲+4
Solvency64=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 0.86 in 2024; short-term debt: 60.7% of total assets), and 60.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
39.3%
Return on assets
-1.3%
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
35 d early
2023
13 d early
2022
32 d early
2021
11 d early
2020
26 d late
2019
78 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€47k▼ 3.2%
2024 · €48k
Total assets
€119k▼ 4.8%
2024 · €125k
Net result
€-2k
2024 · €3k
Working capital
€3k
2024 · €-10k
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€8k▲ 17.9%€11k▲ 37.0%€-14k€12k€8k▼ 37.5%
Net result€-352▲ 93.8%€-4k▼ 1,036%€-20k▼ 402%€3k€-2k
Equity€69k▼ 44.6%€65k▼ 5.8%€45k▼ 30.8%€48k▲ 7.4%€47k▼ 3.2%
Total assets€157k▼ 22.4%€170k▲ 8.1%€123k▼ 27.6%€125k▲ 1.4%€119k▼ 4.8%
Debt€88k▲ 12.9%€105k▲ 19.0%€78k▼ 25.6%€77k▼ 2.1%€72k▼ 5.8%
Working capital€-30k€-31k▼ 0.7%€-30k▲ 2.3%€-10k▲ 65.1%€3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €119k
Fixed assets
€44k ▼ 25.8%
Current assets
€75k ▲ 14.0%
Equity and liabilities €119k
Equity
€47k ▼ 3.2%
Debt
€72k ▼ 5.8%
Debt's share of the balance-sheet total falls from 61.3% to 60.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€25k▼
2024 · €30k
Cash flow
€16k▼
2024 · €21k
Current ratio
1.04▲
2024 · 0.86
Quick ratio
1.02▲
2024 · 0.83
Debt to equity
1.54▼
2024 · 1.58
ROE
-3.4%▼
2024 · 6.9%
ROA
-1.3%▼
2024 · 2.7%
Interest coverage
5.09▲
2024 · 4.01
Debt ≤ 1 year
€72k▼
2024 · €77k
Income taxes
€4k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €23k | €20k | €18k | €17k | ▼ 4.6% |
| Other operating charges640/8 | €4k | €4k | €5k | €5k | €6k | ▲ 14.0% |
| Non-recurring operating charges66A | - | €2k | - | - | - | - |
| Gross operating margin9900 | €32k | €40k | €10k | €36k | €31k | ▼ 12.9% |
| Operating profit (loss)9901 | €8k | €11k | €-14k | €12k | €8k | ▼ 37.5% |
| Financial income75/76B | €28 | €7 | €4 | €3 | €141 | ▲ 4,244% |
| Recurring financial income75 | €28 | €7 | €4 | €3 | €141 | ▲ 4,244% |
| Financial charges65/66B | €7k | €5k | €5k | €7k | €5k | ▼ 35.2% |
| Recurring financial charges65 | €7k | €5k | €5k | €7k | €5k | ▼ 35.2% |
| Profit (loss) for the period before taxes9903 | €2k | €7k | €-19k | €5k | €3k | ▼ 38.1% |
| Income taxes67/77 | €2k | €11k | €911 | €1k | €4k | ▲ 254% |
| Profit (loss) for the period9904 | €-352 | €-4k | €-20k | €3k | €-2k | ▼ 147% |
| Profit (loss) for the period to be appropriated9905 | €-352 | €-4k | €-20k | €3k | €-2k | ▼ 147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €157k | €170k | €123k | €125k | €119k | ▼ 4.8% |
| Fixed assets21/28 | €112k | €96k | €75k | €59k | €44k | ▼ 25.8% |
| Tangible fixed assets22/27 | €107k | €91k | €70k | €54k | €39k | ▼ 28.1% |
| Land and buildings22 | €97k | €81k | €68k | €52k | €36k | ▼ 30.3% |
| Plant, machinery and equipment23 | €4k | €5k | €3k | €2k | €2k | ▼ 19.8% |
| Furniture and vehicles24 | €2k | €4k | - | - | €984 | - |
| Other tangible fixed assets26 | €3k | €993 | - | - | - | - |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €46k | €74k | €48k | €66k | €75k | ▲ 14.0% |
| Stocks and contracts in progress3 | €3k | €3k | €3k | €2k | €2k | ▼ 12.2% |
| Stocks30/36 | €3k | €3k | €3k | €2k | €2k | ▼ 12.2% |
| Amounts receivable within one year40/41 | €30k | €31k | €27k | €59k | €70k | ▲ 19.0% |
| Trade receivables40 | €30k | €31k | €22k | €44k | €31k | ▼ 30.7% |
| Other amounts receivable41 | - | - | €6k | €14k | €39k | ▲ 174% |
| Cash at bank and in hand54/58 | €8k | €40k | €16k | €3k | - | - |
| Deferred charges and accrued income490/1 | €5k | €460 | €2k | €2k | €4k | ▲ 66.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €157k | €170k | €123k | €125k | €119k | ▼ 4.8% |
| Equity10/15 | €69k | €65k | €45k | €48k | €47k | ▼ 3.2% |
| Contributions10/11 | €125k | €125k | €125k | €125k | €125k | = |
| Reserves13 | €14k | €14k | €14k | €14k | €14k | = |
| Non-distributable reserves130/1 | €12k | €12k | - | - | - | - |
| Reserves not available under the articles1311 | €12k | €12k | - | - | - | - |
| Distributable reserves133 | €1k | €1k | €14k | €14k | €14k | = |
| Profit (loss) carried forward14 | €-69k | €-73k | €-94k | €-90k | €-92k | ▼ 1.7% |
| Amounts payable17/49 | €88k | €105k | €78k | €77k | €72k | ▼ 5.8% |
| Amounts payable after more than one year17 | €12k | - | - | - | - | - |
| Financial debts170/4 | €12k | - | - | - | - | - |
| Amounts payable within one year42/48 | €76k | €105k | €78k | €77k | €72k | ▼ 5.8% |
| Current portion of amounts payable after more than one year42 | €14k | €14k | - | - | - | - |
| Financial debts43 | - | €40k | €50k | €50k | €42k | ▼ 16.2% |
| Credit institutions430/8 | - | €40k | €50k | €50k | €42k | ▼ 16.2% |
| Trade debts44 | €35k | €34k | €26k | €25k | €16k | ▼ 38.6% |
| Suppliers440/4 | €35k | €34k | €26k | €25k | €16k | ▼ 38.6% |
| Advances received on contracts in progress46 | - | - | - | - | €12k | - |
| Taxes, remuneration and social security45 | €4k | €12k | €3k | €1k | €3k | ▲ 142% |
| Taxes450/3 | €4k | €9k | €288 | €1k | €3k | ▲ 142% |
| Remuneration and social security454/9 | - | €2k | €2k | - | - | - |
| Other amounts payable47/48 | €24k | €6k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-352 | €-4k | €-20k | €3k | €-2k | ▼ 147% |
| + Depreciation and write-downs630 | €19k | €23k | €20k | €18k | €17k | ▼ 4.6% |
| Operating cash flow (approximation) | €19k | €19k | €-141 | €21k | €16k | ▼ 26.9% |
| Investment in fixed assets (approximation) | - | €-7k | €837 | €-2k | €-2k | ▼ 8.4% |
| Change in cash | - | €31k | €-24k | €-13k | - | - |
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after 6 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brussel · 2 establishment units since 1997
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.
Atomiumsquare 11020 BrusselGround area
585 m²
Building footprint
88 m²
Volume, LiDAR
652 m³
Parcel 22662B0224/00X000, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
SOFAREL
since 19972.005.504.001
SOFAREL
since 20142.226.839.787
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0224/00X000 | Flanders | 585 m² | 1 · 88 m² | 9.4 m · 3 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.
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Of 200 companies in sector 46425 we hold annual accounts for 135. 78 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
Founded18-01-1971
Fiscal year end31-12
Activities, NACEBEL 2025
46425Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.