SOFICOM
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 37 filings
Turnover
€17,916▼ 8.8%
2024 · €19,651
EBIT margin
-29.3%▲ 1.9pp
2024 · -31.1%
Net result
-€5,370▲ 14.0%
2024 · -€6,242
Working capital
€1,336▼ 30.2%
2024 · €1,913
In the rankings
#2 oldest company in Neufchâteau, Real estate sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€17,916
▼ 8.8%
2025
20182025
Operating result
-€5,245
▲ 14.3%
2025
20182025
Net result
-€5,370
▲ 14.0%
2025
middle half of the sector
20182025
EBIT margin
-29.3%
▲ 1.9pp
2025
20182025
Equity
€48,176
▼ 10.0%
2025
middle half of the sector
20182025
Total assets
€162,928
▼ 5.8%
2025
middle half of the sector
20182025
Debt
€114,753
▼ 3.9%
2025
20182025
Working capital
€1,336
▼ 30.2%
2025
middle half of the sector
20182025
Solvency
29.6%
▼ 1.4pp
2025
middle half of the sector
20182025
Current ratio
4.01
▼ 0.27
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-3.3%
▲ 0.3pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€37,011€13,509▼ 63.5%€17,949▲ 32.9%€17,577▼ 2.1%€19,651▲ 11.8%€17,916▼ 8.8%
Operating result-€16,591--€25,157▼ 51.6%€1,463-€13,626-€10,424▲ 23.5%-€9,774▲ 6.2%-€6,117▲ 37.4%-€5,245▲ 14.3%
Net result-€16,745--€25,437▼ 51.9%€1,362within the sector's middle half-€13,750below the sector's middle half-€10,531below the sector's middle half▲ 23.4%-€9,921below the sector's middle half▲ 5.8%-€6,242within the sector's middle half▲ 37.1%-€5,370within the sector's middle half▲ 14.0%
EBIT margin4.0%-100.9%▼ 104.8pp-58.1%▲ 42.8pp-55.6%▲ 2.5pp-31.1%▲ 24.5pp-29.3%▲ 1.9pp
Equity€118,062-€92,626▼ 21.5%€93,988within the sector's middle half▲ 1.5%€80,239within the sector's middle half▼ 14.6%€69,708within the sector's middle half▼ 13.1%€59,787within the sector's middle half▼ 14.2%€53,545within the sector's middle half▼ 10.4%€48,176within the sector's middle half▼ 10.0%
Total assets€218,071-€202,813▼ 7.0%€195,081within the sector's middle half▼ 3.8%€197,993within the sector's middle half▲ 1.5%€187,678within the sector's middle half▼ 5.2%€178,458within the sector's middle half▼ 4.9%€172,974within the sector's middle half▼ 3.1%€162,928within the sector's middle half▼ 5.8%
Debt€100,008-€110,187▲ 10.2%€101,092▼ 8.3%€117,755▲ 16.5%€117,970▲ 0.2%€118,671▲ 0.6%€119,428▲ 0.6%€114,753▼ 3.9%
Working capital-€79,302--€107,406▼ 35.4%-€98,540below the sector's middle half▲ 8.3%-€2,496within the sector's middle half▲ 97.5%€2,029within the sector's middle half€1,946within the sector's middle half▼ 4.1%€1,913within the sector's middle half▼ 1.7%€1,336within the sector's middle half▼ 30.2%
Solvency54.1%-45.7%▼ 8.5pp48.2%within the sector's middle half▲ 2.5pp40.5%within the sector's middle half▼ 7.7pp37.1%within the sector's middle half▼ 3.4pp33.5%within the sector's middle half▼ 3.6pp31.0%within the sector's middle half▼ 2.5pp29.6%within the sector's middle half▼ 1.4pp
Current ratio0.08-0.03▼ 0.050.03below the sector's middle half=0.11below the sector's middle half▲ 0.095.70above the sector's middle half▲ 5.592.00within the sector's middle half▼ 3.704.28above the sector's middle half▲ 2.284.01above the sector's middle half▼ 0.27
Return on assets (ROA)-7.7%--12.5%▼ 4.9pp0.7%within the sector's middle half▲ 13.2pp-6.9%below the sector's middle half▼ 7.6pp-5.6%below the sector's middle half▲ 1.3pp-5.6%below the sector's middle half▲ 0.1pp-3.6%below the sector's middle half▲ 2.0pp-3.3%below the sector's middle half▲ 0.3pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €5,245, smaller than the loss of €6,117 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161,568
Fixed assets
€159,789 ▼ 6.3%
Current assets
€1,779 ▼ 28.7%
Equity and liabilities €162,928
Equity
€48,176 ▼ 10.0%
Debt
€114,753 ▼ 3.9%
Debt's share of the balance-sheet total rises from 69.0% to 70.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5,935▲
2024 · €4,880
Cash flow
€5,810▲
2024 · €4,755
Debt to equity
2.38▲
2024 · 2.23
ROE
-11.1%▲
2024 · -11.7%
Interest coverage
47.51▲
2024 · 39.06
Debt ≤ 1 year
€443▼
2024 · €583
Debt > 1 year
€114,159▼
2024 · €118,643
Customer credit
3 days▼
2024 · 4 days
Supplier credit
15 days▲
2024 · 13 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €17,606 | - | - | €6,246 | €297 |
| Intangible fixed assets | - | - | - | €658 | - |
| Depreciation and write-downs of the year | €12,458 | €12,459 | €10,647 | €10,997 | €11,180 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | €37,011 | €13,509 | €17,949 | €17,577 | €19,651 | €17,916 | ▼ 8.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €13,523 | €14,845 | €15,598 | €13,647 | €10,684 | ▼ 21.7% |
| Remuneration, social security and pensions62 | - | - | - | €0 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,595 | €10,149 | €11,930 | €12,458 | €12,459 | €10,647 | €10,997 | €11,180 | ▲ 1.7% |
| Other operating charges640/8 | - | - | - | €1,154 | €1,070 | €1,106 | €1,124 | €1,297 | ▲ 15.4% |
| Gross operating margin9900 | €307 | -€5,771 | €14,640 | -€14 | €3,105 | €1,978 | €6,004 | €7,232 | ▲ 20.5% |
| Operating profit (loss)9901 | -€16,591 | -€25,157 | €1,463 | -€13,626 | -€10,424 | -€9,774 | -€6,117 | -€5,245 | ▲ 14.3% |
| Financial income75/76B | - | - | - | - | €22 | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €3 | €1 | - | - | €22 | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €123 | €129 | €147 | €125 | €125 | = |
| Recurring financial charges65 | €386 | €247 | €100 | €123 | €129 | €147 | €125 | €125 | = |
| Profit (loss) for the period before taxes9903 | -€16,974 | -€25,403 | €1,362 | -€13,750 | -€10,531 | -€9,921 | -€6,242 | -€5,370 | ▲ 14.0% |
| Income taxes67/77 | -€229 | €34 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€16,745 | -€25,437 | €1,362 | -€13,750 | -€10,531 | -€9,921 | -€6,242 | -€5,370 | ▲ 14.0% |
| Profit (loss) for the period to be appropriated9905 | -€16,745 | -€25,437 | €1,362 | -€13,750 | -€10,531 | -€9,921 | -€6,242 | -€5,370 | ▲ 14.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €218,071 | €202,813 | €195,081 | €197,993 | €187,678 | €178,458 | €172,974 | €162,928 | ▼ 5.8% |
| Formation expenses20 | - | - | - | - | - | - | - | €1,361 | - |
| Fixed assets21/28 | €211,324 | €200,032 | €192,528 | €197,676 | €185,217 | €174,570 | €170,478 | €159,789 | ▼ 6.3% |
| Intangible fixed assets21 | - | - | €3,624 | €1,812 | €0 | - | €526 | €395 | ▼ 25.0% |
| Tangible fixed assets22/27 | €211,324 | €200,032 | €188,904 | €195,863 | €185,217 | €174,570 | €169,951 | €159,394 | ▼ 6.2% |
| Land and buildings22 | - | - | - | €194,595 | €184,307 | €174,019 | €169,758 | €159,394 | ▼ 6.1% |
| Furniture and vehicles24 | - | - | - | €1,268 | €910 | €552 | €193 | €0 | ▼ 100% |
| Current assets29/58 | €6,746 | €2,781 | €2,552 | €318 | €2,461 | €3,888 | €2,496 | €1,779 | ▼ 28.7% |
| Amounts receivable within one year40/41 | €4,737 | €417 | €878 | €317 | €197 | €213 | €210 | €169 | ▼ 19.3% |
| Trade receivables40 | - | - | - | €0 | €54 | €213 | €210 | €169 | ▼ 19.3% |
| Other amounts receivable41 | - | - | - | €317 | €143 | - | €0 | €0 | - |
| Current investments50/53 | - | - | €1,675 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2,009 | €2,364 | - | €1 | €878 | €2,015 | €862 | €514 | ▼ 40.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,386 | €1,660 | €1,424 | €1,096 | ▼ 23.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €218,071 | €202,813 | €195,081 | €197,993 | €187,678 | €178,458 | €172,974 | €162,928 | ▼ 5.8% |
| Equity10/15 | €118,062 | €92,626 | €93,988 | €80,239 | €69,708 | €59,787 | €53,545 | €48,176 | ▼ 10.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | - | €18,592 | €18,592 | - | - | - | - |
| Issued capital100 | - | - | - | €18,592 | €18,592 | - | - | - | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €97,611 | €72,175 | €73,537 | €59,787 | €49,257 | €39,336 | €33,094 | €27,724 | ▼ 16.2% |
| Amounts payable17/49 | €100,008 | €110,187 | €101,092 | €117,755 | €117,970 | €118,671 | €119,428 | €114,753 | ▼ 3.9% |
| Amounts payable after more than one year17 | €13,960 | - | - | €114,941 | €117,539 | €116,729 | €118,643 | €114,159 | ▼ 3.8% |
| Other amounts payable178/9 | - | - | - | €114,941 | €117,539 | €116,729 | €118,643 | €114,159 | ▼ 3.8% |
| Amounts payable within one year42/48 | €86,048 | €110,187 | €101,092 | €2,813 | €432 | €1,942 | €583 | €443 | ▼ 23.9% |
| Trade debts44 | €3,009 | €1,796 | €244 | €2,813 | €432 | €1,899 | €484 | €431 | ▼ 10.9% |
| Suppliers440/4 | - | - | - | €2,813 | €432 | €1,899 | €484 | €431 | ▼ 10.9% |
| Advances received on contracts in progress46 | - | - | - | - | - | €43 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0 | - | - | €99 | €12 | ▼ 87.6% |
| Taxes450/3 | - | - | - | €0 | - | - | €99 | €12 | ▼ 87.6% |
| Other amounts payable47/48 | - | - | - | €0 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €202 | €150 | ▼ 25.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,745 | -€25,437 | €1,362 | -€13,750 | -€10,531 | -€9,921 | -€6,242 | -€5,370 | ▲ 14.0% |
| + Depreciation and write-downs630 | €15,595 | €10,149 | €11,930 | €12,458 | €12,459 | €10,647 | €10,997 | €11,180 | ▲ 1.7% |
| Operating cash flow (approximation) | -€1,150 | -€15,288 | €13,292 | -€1,291 | €1,928 | €726 | €4,755 | €5,810 | ▲ 22.2% |
| Investment in fixed assets (approximation) | - | €1,144 | -€4,427 | -€17,606 | €0 | €0 | -€6,904 | -€491 | ▲ 92.9% |
| Change in cash | - | €355 | - | - | €877 | €1,137 | -€1,153 | -€348 | ▲ 69.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,450 companies had the same profile as SOFICOM has now. Two years later, 93.3% were still going and 1.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
93.3%
was still going
5.1%
stopped otherwise
1.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SOFICOM itself is lower: 0.2% within 12 months. It rests on far more data about SOFICOM than the profile alone.
Test of the method
The method was tested on the 497,446 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 2,450 companies, not a prediction for SOFICOM. 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.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00364954 | |
| 31-12-2024 | micro format | 24-07-2025 | 2025-00302023 | |
| 31-12-2023 | micro format | 02-08-2024 | 2024-00322773 | |
| 31-12-2022 | micro format | 08-08-2023 | 2023-00318694 | |
| 31-12-2021 | micro format | 20-08-2022 | 2022-20299327 | |
| 31-12-2020 | micro format | 06-08-2021 | 2021-46800517 | |
| 31-12-2019 | micro format | 06-11-2020 | 2020-69200188 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-53900384 | |
| 31-12-2017 | micro format | 27-09-2018 | 2018-65900450 | |
| 31-12-2016 | micro format | 23-07-2017 | 2017-35200557 |