SOFICOR
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-08-2023, 30 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 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
30 d late
2021
29 d late
2020
88 d late
2019
40 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 47 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€378,000▼ 24.1%
2021 · €498,000
EBIT margin
-34.8%▼ 36.5pp
2021 · 1.7%
Net result
-€132,495
2021 · €3,190
Working capital
€143,501▼ 47.2%
2021 · €271,657
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
Line20182019202020212022
Turnover€396,751-€515,000▲ 29.8%€474,000▼ 8.0%€498,000▲ 5.1%€378,000▼ 24.1%
Operating result€6,872-€7,610▲ 10.7%€7,468▼ 1.9%€8,467▲ 13.4%-€131,371
Net result€513-€974▲ 89.8%€1,404▲ 44.1%€3,190▲ 127%-€132,495
EBIT margin1.7%-1.5%▼ 0.3pp1.6%▲ 0.1pp1.7%▲ 0.1pp-34.8%▼ 36.5pp
Equity€266,089-€267,064▲ 0.4%€268,467▲ 0.5%€271,657▲ 1.2%€139,162▼ 48.8%
Total assets€345,672-€434,512▲ 25.7%€429,216▼ 1.2%€480,556▲ 12.0%€418,730▼ 12.9%
Debt€79,583-€167,448▲ 110%€160,748▼ 4.0%€208,899▲ 30.0%€275,289▲ 31.8%
Working capital€266,089-€267,064▲ 0.4%€268,467▲ 0.5%€271,657▲ 1.2%€143,501▼ 47.2%
Staff (FTE)1.8-2▲ 11.1%2=1▼ 50.0%1=
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €131,371 after €8,467 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €418,730
Equity
€139,162 ▼ 48.8%
Provisions
€4,279
Debt
€275,289 ▲ 31.8%
Debt's share of the balance-sheet total rises from 43.5% to 65.7%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.52▼
2021 · 2.30
Debt to equity
1.98▲
2021 · 0.77
ROE
-95.2%▼
2021 · 1.2%
ROA
-31.6%▼
2021 · 0.7%
Debt ≤ 1 year
€275,228▲
2021 · €208,899
Income taxes
€393▼
2021 · €4,189
Staff costs
€469,239▲
2021 · €468,804
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €502,206 | €382,435 | ▼ 23.8% |
| Turnover70 | €396,751 | €515,000 | €474,000 | €498,000 | €378,000 | ▼ 24.1% |
| Other operating income74 | - | - | - | €4,206 | €4,435 | ▲ 5.4% |
| Operating charges60/66A | - | - | - | €493,740 | €513,805 | ▲ 4.1% |
| Services and other goods61 | - | - | - | €23,890 | €39,438 | ▲ 65.1% |
| Remuneration, social security and pensions62 | - | - | - | €468,804 | €469,239 | ▲ 0.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €4,279 | - |
| Other operating charges640/8 | - | - | - | €1,045 | €849 | ▼ 18.8% |
| Operating profit (loss)9901 | €6,872 | €7,610 | €7,468 | €8,467 | -€131,371 | ▼ 1,652% |
| Recurring financial income75 | €3 | - | €22 | - | - | - |
| Financial charges65/66B | - | - | - | €1,088 | €731 | ▼ 32.8% |
| Recurring financial charges65 | €1,191 | €1,654 | €1,808 | €1,088 | €731 | ▼ 32.8% |
| Debt charges650 | €1,191 | €1,654 | €1,808 | €1,088 | €731 | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | €5,684 | €5,956 | €5,682 | €7,379 | -€132,101 | ▼ 1,890% |
| Income taxes67/77 | €5,171 | €4,982 | €4,278 | €4,189 | €393 | ▼ 90.6% |
| Taxes670/3 | - | - | - | €4,488 | €393 | ▼ 91.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €298 | - | - |
| Profit (loss) for the period9904 | €513 | €974 | €1,404 | €3,190 | -€132,495 | ▼ 4,254% |
| Profit (loss) for the period to be appropriated9905 | €513 | €974 | €1,404 | €3,190 | -€132,495 | ▼ 4,254% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €345,672 | €434,512 | €429,216 | €480,556 | €418,730 | ▼ 12.9% |
| Current assets29/58 | €345,672 | €434,512 | €429,216 | €480,556 | €418,730 | ▼ 12.9% |
| Amounts receivable within one year40/41 | €111,399 | €240,171 | €123,420 | €215,623 | €132,407 | ▼ 38.6% |
| Trade receivables40 | - | - | - | €214,803 | €123,980 | ▼ 42.3% |
| Other amounts receivable41 | - | - | - | €820 | €8,427 | ▲ 927% |
| Cash at bank and in hand54/58 | €234,273 | €194,341 | €305,796 | €264,932 | €286,323 | ▲ 8.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €345,672 | €434,512 | €429,216 | €480,556 | €418,730 | ▼ 12.9% |
| Equity10/15 | €266,089 | €267,064 | €268,467 | €271,657 | €139,162 | ▼ 48.8% |
| Contributions10/11 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Capital10 | - | - | - | €124,000 | €124,000 | = |
| Issued capital100 | - | - | - | €124,000 | €124,000 | = |
| Reserves13 | €8,475 | €8,524 | €8,594 | €8,754 | €8,754 | = |
| Non-distributable reserves130/1 | - | - | - | €8,754 | €8,754 | = |
| Legal reserve130 | - | - | - | €8,754 | €8,754 | = |
| Profit (loss) carried forward14 | €133,614 | €134,540 | €135,873 | €138,903 | €6,408 | ▼ 95.4% |
| Provisions and deferred taxes16 | - | - | - | - | €4,279 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €4,279 | - |
| Other liabilities and charges164/5 | - | - | - | - | €4,279 | - |
| Amounts payable17/49 | €79,583 | €167,448 | €160,748 | €208,899 | €275,289 | ▲ 31.8% |
| Amounts payable within one year42/48 | €79,583 | €167,448 | €160,748 | €208,899 | €275,228 | ▲ 31.8% |
| Trade debts44 | €1,638 | €1,697 | €2,103 | €308 | €112,972 | ▲ 36,595% |
| Suppliers440/4 | - | - | - | €308 | €112,972 | ▲ 36,595% |
| Taxes, remuneration and social security45 | - | - | - | €208,591 | €162,256 | ▼ 22.2% |
| Taxes450/3 | - | - | - | €34,441 | €1,206 | ▼ 96.5% |
| Remuneration and social security454/9 | - | - | - | €174,150 | €161,051 | ▼ 7.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €60 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €513 | €974 | €1,404 | €3,190 | -€132,495 | ▼ 4,254% |
| Operating cash flow (approximation) | €513 | €974 | €1,404 | €3,190 | -€132,495 | ▼ 4,254% |
| Change in cash | - | -€39,932 | €111,455 | -€40,863 | €21,390 | ▲ 152% |
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
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€132,495
Net result drops to -€132,495, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €3,190 ▲127%
Operating result €8,467, net result €3,190, both a record.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 88 days late
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 40 days late
2019
21-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 113 days late
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
19-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 50 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
2014
22-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 83 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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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Structure & network
Owners and holdings
Owners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
- Sourceown accounts 202299.87%
Holdings 0
The accounts to 31-12-2022 list no holdings, and no other source names one.
According to the 2022 annual accounts of SOFICOR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.