SOFARIN
ActiveSummary
The computed 12-month bankruptcy probability of SOFARIN is 1.8% (moderate). The 2025 annual accounts show equity of €63,006 and a net result of €5,243. Equity is growing by ~40.3% per year across the filed fiscal years. Its solvency ranks better than 16% of 28254 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-6
Solvency38▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.31 in 2024; short-term debt: 83.3% and cash: 14.3% of total assets), and 86.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
13.2%
Return on assets
1.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 28254 sector peers (2025).
NBB · sector comparisonPosition among 28254 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
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. 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 · 8 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
9 d late
2022
28 d late
2021
2 d early
2020
88 d late
2019
35 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€63,006▼ 23.9%
2024 · €82,763
Total assets
€476,002▼ 11.3%
2024 · €536,398
Net result
€5,243▼ 82.3%
2024 · €29,561
Working capital
-€275,127▲ 8.2%
2024 · -€299,563
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€43,091▲ 2,035%€31,076▼ 27.9%€16,452▼ 47.1%€30,227▲ 83.7%€16,925▼ 44.0%
Net result€42,192above the sector's middle half▲ 2,003%€27,470within the sector's middle half▼ 34.9%€5,318within the sector's middle half▼ 80.6%€29,561above the sector's middle half▲ 456%€5,243within the sector's middle half▼ 82.3%
Equity€20,413within the sector's middle half€47,883within the sector's middle half▲ 135%€53,202within the sector's middle half▲ 11.1%€82,763within the sector's middle half▲ 55.6%€63,006within the sector's middle half▼ 23.9%
Total assets€494,066above the sector's middle half▼ 1.3%€481,251above the sector's middle half▼ 2.6%€477,039above the sector's middle half▼ 0.9%€536,398above the sector's middle half▲ 12.4%€476,002above the sector's middle half▼ 11.3%
Debt€473,653▼ 5.7%€433,368▼ 8.5%€423,837▼ 2.2%€453,635▲ 7.0%€412,996▼ 9.0%
Working capital-€432,298below the sector's middle half▲ 7.5%-€375,315below the sector's middle half▲ 13.2%-€339,656below the sector's middle half▲ 9.5%-€299,563below the sector's middle half▲ 11.8%-€275,127below the sector's middle half▲ 8.2%
Solvency4.1%below the sector's middle half▲ 4.5pp9.9%below the sector's middle half▲ 5.8pp11.2%below the sector's middle half▲ 1.2pp15.4%below the sector's middle half▲ 4.3pp13.2%below the sector's middle half▼ 2.2pp
Current ratio0.05below the sector's middle half▲ 0.020.09below the sector's middle half▲ 0.050.17below the sector's middle half▲ 0.070.31below the sector's middle half▲ 0.150.31below the sector's middle half▼ 0.01
Return on assets (ROA)8.5%within the sector's middle half▲ 8.1pp5.7%within the sector's middle half▼ 2.8pp1.1%within the sector's middle half▼ 4.6pp5.5%within the sector's middle half▲ 4.4pp1.1%within the sector's middle half▼ 4.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €476,002
Fixed assets
€354,633 ▼ 11.1%
Current assets
€121,369 ▼ 11.8%
Equity and liabilities €476,002
Equity
€63,006 ▼ 23.9%
Debt
€412,996 ▼ 9.0%
Debt's share of the balance-sheet total rises from 84.6% to 86.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€58,695▼
2024 · €70,813
Cash flow
€47,013▼
2024 · €70,147
Debt to equity
6.55▲
2024 · 5.48
ROE
8.3%▼
2024 · 35.7%
Interest coverage
23.58▼
2024 · 106.33
Debt ≤ 1 year
€396,496▼
2024 · €437,135
Debt > 1 year
€16,500=
2024 · €16,500
Income taxes
€9,193
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 | - | - | - | - | €11,295 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,647 | €33,777 | €34,896 | €40,586 | €41,770 | ▲ 2.9% |
| Other operating charges640/8 | €20,846 | €9,126 | €36,163 | €30,866 | €27,249 | ▼ 11.7% |
| Non-recurring operating charges66A | - | - | - | - | €6,048 | - |
| Gross operating margin9900 | €97,584 | €73,979 | €87,511 | €101,679 | €91,992 | ▼ 9.5% |
| Operating profit (loss)9901 | €43,091 | €31,076 | €16,452 | €30,227 | €16,925 | ▼ 44.0% |
| Financial income75/76B | €3 | - | - | - | - | - |
| Recurring financial income75 | €3 | - | - | - | - | - |
| Financial charges65/66B | €902 | €668 | €736 | €666 | €2,489 | ▲ 274% |
| Recurring financial charges65 | €902 | €668 | €736 | €666 | €2,489 | ▲ 274% |
| Profit (loss) for the period before taxes9903 | €42,192 | €30,408 | €15,716 | €29,561 | €14,436 | ▼ 51.2% |
| Income taxes67/77 | - | €2,938 | €10,398 | - | €9,193 | - |
| Profit (loss) for the period9904 | €42,192 | €27,470 | €5,318 | €29,561 | €5,243 | ▼ 82.3% |
| Profit (loss) for the period to be appropriated9905 | €42,192 | €27,470 | €5,318 | €29,561 | €5,243 | ▼ 82.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €494,066 | €481,251 | €477,039 | €536,398 | €476,002 | ▼ 11.3% |
| Fixed assets21/28 | €471,711 | €442,198 | €409,358 | €398,826 | €354,633 | ▼ 11.1% |
| Tangible fixed assets22/27 | €471,711 | €442,198 | €409,358 | €398,826 | €354,633 | ▼ 11.1% |
| Land and buildings22 | €448,233 | €419,774 | €391,314 | €362,855 | €334,396 | ▼ 7.8% |
| Plant, machinery and equipment23 | €17,072 | €13,863 | €9,156 | €14,161 | €6,254 | ▼ 55.8% |
| Furniture and vehicles24 | - | €2,905 | €3,982 | €17,654 | €10,577 | ▼ 40.1% |
| Other tangible fixed assets26 | €6,406 | €5,656 | €4,906 | €4,156 | €3,406 | ▼ 18.0% |
| Current assets29/58 | €22,355 | €39,053 | €67,681 | €137,572 | €121,369 | ▼ 11.8% |
| Amounts receivable within one year40/41 | €8,926 | €22,019 | €42,019 | €82,017 | €53,415 | ▼ 34.9% |
| Trade receivables40 | €8,926 | €16,597 | €33,125 | €74,286 | €52,739 | ▼ 29.0% |
| Other amounts receivable41 | - | €5,422 | €8,894 | €7,731 | €676 | ▼ 91.3% |
| Cash at bank and in hand54/58 | €13,429 | €17,034 | €25,662 | €55,555 | €67,954 | ▲ 22.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €494,066 | €481,251 | €477,039 | €536,398 | €476,002 | ▼ 11.3% |
| Equity10/15 | €20,413 | €47,883 | €53,202 | €82,763 | €63,006 | ▼ 23.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €1,813 | €29,283 | €34,602 | €64,163 | €44,406 | ▼ 30.8% |
| Amounts payable17/49 | €473,653 | €433,368 | €423,837 | €453,635 | €412,996 | ▼ 9.0% |
| Amounts payable after more than one year17 | €19,000 | €19,000 | €16,500 | €16,500 | €16,500 | = |
| Other amounts payable178/9 | €19,000 | €19,000 | €16,500 | €16,500 | €16,500 | = |
| Amounts payable within one year42/48 | €454,653 | €414,368 | €407,337 | €437,135 | €396,496 | ▼ 9.3% |
| Current portion of amounts payable after more than one year42 | €900 | - | - | - | - | - |
| Trade debts44 | €17,885 | €11,604 | €15,360 | €49,545 | €13,677 | ▼ 72.4% |
| Suppliers440/4 | €17,885 | €11,604 | €15,360 | €49,545 | €13,677 | ▼ 72.4% |
| Taxes, remuneration and social security45 | €1,097 | - | - | - | €3,750 | - |
| Taxes450/3 | €1,097 | - | - | - | €3,750 | - |
| Other amounts payable47/48 | €434,771 | €402,764 | €391,977 | €387,590 | €379,069 | ▼ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,192 | €27,470 | €5,318 | €29,561 | €5,243 | ▼ 82.3% |
| + Depreciation and write-downs630 | €33,647 | €33,777 | €34,896 | €40,586 | €41,770 | ▲ 2.9% |
| Operating cash flow (approximation) | €75,839 | €61,247 | €40,214 | €70,147 | €47,013 | ▼ 33.0% |
| Investment in fixed assets (approximation) | - | -€4,264 | -€2,056 | -€30,054 | €2,423 | ▲ 108% |
| Change in cash | - | €3,605 | €8,628 | €29,893 | €12,399 | ▼ 58.5% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €42,192 ▲2,003%
Operating result €43,091, net result €42,192, both a record.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
31-12
Financial
Back to profitnet €9,338
Net result €9,338 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Jans-Molenbeek · 1 establishment unit since 2018
Ground area
247 m²
Building footprint
113 m²
Volume, LiDAR
1,011 m³
Parcel 21524C0227/00D003, Brussels · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SOFARIN
since 20182.271.386.840
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0227/00D003 | Brussels | 247 m² | 1 · 113 m² | 9.8 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 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,571 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
Founded15-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43230Insulation installation
43310Plastering work
43350Other building finishing work
43990Other specialised construction activities
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0685992611
Registered
02-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.