SOFIE PAPEN
ActiveSummary
SOFIE PAPEN has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €617,662 and a net result of €101,950. Equity is growing by about 20% per year across the filed financial years. Its solvency ranks better than 60% of 15,701 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2025, micro format
Equity
€617,662▲ 19.8%
2024 · €515,712
Total assets
€934,731▲ 8.3%
2024 · €863,005
Net result
€101,950▲ 76.7%
2024 · €57,706
Working capital
€166,986▲ 57.2%
2024 · €106,232
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 57% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€169,359
2025
Net result€101,950
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€934,731
2025
Equity€617,662
2025
Debt€317,069
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€166,986
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)10.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency66.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.74
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 69, Legal and accounting activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€66,670-€127,188▲ 90.8%€109,596▼ 13.8%€121,452▲ 10.8%€113,885▼ 6.2%€107,596▼ 5.5%€169,359▲ 57.4%
Net result€46,643-€76,088above the sector's middle half▲ 63.1%€67,282above the sector's middle half▼ 11.6%€80,879above the sector's middle half▲ 20.2%€70,068within the sector's middle half▼ 13.4%€57,706within the sector's middle half▼ 17.6%€101,950above the sector's middle half▲ 76.7%
Equity€157,589-€233,677within the sector's middle half▲ 48.3%€300,959above the sector's middle half▲ 28.8%€381,838above the sector's middle half▲ 26.9%€458,006above the sector's middle half▲ 19.9%€515,712above the sector's middle half▲ 12.6%€617,662above the sector's middle half▲ 19.8%
Total assets€200,365-€696,194above the sector's middle half▲ 247%€763,358above the sector's middle half▲ 9.6%€829,738above the sector's middle half▲ 8.7%€883,627above the sector's middle half▲ 6.5%€863,005above the sector's middle half▼ 2.3%€934,731above the sector's middle half▲ 8.3%
Debt€42,776-€462,517▲ 981%€462,399=€447,900▼ 3.1%€425,622▼ 5.0%€347,293▼ 18.4%€317,069▼ 8.7%
Working capital€153,342--€177,605below the sector's middle half-€138,296below the sector's middle half▲ 22.1%-€79,288below the sector's middle half▲ 42.7%€95,248within the sector's middle half€106,232within the sector's middle half▲ 11.5%€166,986above the sector's middle half▲ 57.2%
Solvency78.7%-33.6%within the sector's middle half▼ 45.1pp39.4%within the sector's middle half▲ 5.9pp46.0%within the sector's middle half▲ 6.6pp51.8%within the sector's middle half▲ 5.8pp59.8%within the sector's middle half▲ 7.9pp66.1%within the sector's middle half▲ 6.3pp
Current ratio4.58-0.62below the sector's middle half▼ 3.970.70below the sector's middle half▲ 0.090.82below the sector's middle half▲ 0.121.33within the sector's middle half▲ 0.511.46within the sector's middle half▲ 0.131.74within the sector's middle half▲ 0.28
Return on assets (ROA)23.3%-10.9%within the sector's middle half▼ 12.3pp8.8%within the sector's middle half▼ 2.1pp9.7%within the sector's middle half▲ 0.9pp7.9%within the sector's middle half▼ 1.8pp6.7%within the sector's middle half▼ 1.2pp10.9%within the sector's middle half▲ 4.2pp
above
within
below
the middle half of NACE 69, Legal and accounting activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €934,731
Fixed assets
€543,508 ▲ 3.3%
Current assets
€391,223 ▲ 16.1%
Equity and liabilities €934,731
Equity
€617,662 ▲ 19.8%
Debt
€317,069 ▼ 8.7%
Debt's share of the balance-sheet total falls from 40.2% to 33.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€171,826▲
2024 · €110,023
Cash flow
€104,418▲
2024 · €60,133
Debt to equity
0.51▼
2024 · 0.67
ROE
16.5%▲
2024 · 11.2%
Interest coverage
8.99▲
2024 · 4.91
Debt ≤ 1 year
€224,237▼
2024 · €230,797
Debt > 1 year
€92,832▼
2024 · €116,496
Income taxes
€49,100▲
2024 · €28,262
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €935 | €935 | €1,875 | €2,781 | €3,459 | €2,427 | €2,467 | ▲ 1.7% |
| Other operating charges640/8 | - | - | - | €569 | €682 | €835 | €707 | ▼ 15.3% |
| Gross operating margin9900 | €68,586 | €128,941 | €112,191 | €124,801 | €118,026 | €110,858 | €172,533 | ▲ 55.6% |
| Operating profit (loss)9901 | €66,670 | €127,188 | €109,596 | €121,452 | €113,885 | €107,596 | €169,359 | ▲ 57.4% |
| Financial income75/76B | - | - | - | - | €136 | €784 | €798 | ▲ 1.8% |
| Recurring financial income75 | €124 | €57 | €45 | - | €136 | €784 | €798 | ▲ 1.8% |
| Financial charges65/66B | - | - | - | €12,653 | €21,191 | €22,412 | €19,106 | ▼ 14.8% |
| Recurring financial charges65 | €1,583 | €6,563 | €9,815 | €12,653 | €21,191 | €22,412 | €19,106 | ▼ 14.8% |
| Profit (loss) for the period before taxes9903 | €65,211 | €120,682 | €99,826 | €108,798 | €92,830 | €85,968 | €151,050 | ▲ 75.7% |
| Income taxes67/77 | €18,568 | €44,594 | €32,544 | €27,920 | €22,762 | €28,262 | €49,100 | ▲ 73.7% |
| Profit (loss) for the period9904 | €46,643 | €76,088 | €67,282 | €80,879 | €70,068 | €57,706 | €101,950 | ▲ 76.7% |
| Profit (loss) for the period to be appropriated9905 | €46,643 | €76,088 | €67,282 | €80,879 | €70,068 | €57,706 | €101,950 | ▲ 76.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €200,365 | €696,194 | €763,358 | €829,738 | €883,627 | €863,005 | €934,731 | ▲ 8.3% |
| Fixed assets21/28 | €4,247 | €411,892 | €439,254 | €461,473 | €502,394 | €525,976 | €543,508 | ▲ 3.3% |
| Tangible fixed assets22/27 | €4,247 | €3,312 | €5,674 | €2,893 | €18,813 | €17,395 | €14,928 | ▼ 14.2% |
| Furniture and vehicles24 | - | - | - | €1,178 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €1,715 | €18,813 | €17,395 | €14,928 | ▼ 14.2% |
| Financial fixed assets28 | - | €408,580 | €433,580 | €458,580 | €483,580 | €508,580 | €528,580 | ▲ 3.9% |
| Current assets29/58 | €196,118 | €284,302 | €324,104 | €368,265 | €381,234 | €337,029 | €391,223 | ▲ 16.1% |
| Amounts receivable within one year40/41 | €24,112 | €71,630 | €217,898 | €295,953 | €291,006 | €245,929 | €366,953 | ▲ 49.2% |
| Trade receivables40 | - | - | - | €25,629 | €41,983 | €18,385 | €57,409 | ▲ 212% |
| Other amounts receivable41 | - | - | - | €270,324 | €249,023 | €227,544 | €309,544 | ▲ 36.0% |
| Cash at bank and in hand54/58 | €171,624 | €212,289 | €106,206 | €72,012 | €89,928 | €91,100 | €24,270 | ▼ 73.4% |
| Deferred charges and accrued income490/1 | - | - | - | €300 | €300 | €0 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €200,365 | €696,194 | €763,358 | €829,738 | €883,627 | €863,005 | €934,731 | ▲ 8.3% |
| Equity10/15 | €157,589 | €233,677 | €300,959 | €381,838 | €458,006 | €515,712 | €617,662 | ▲ 19.8% |
| Contributions10/11 | €12,500 | - | - | €12,500 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €145,089 | €221,177 | €288,459 | €369,338 | €439,406 | €497,112 | €599,062 | ▲ 20.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €367,478 | €439,406 | €497,112 | €599,062 | ▲ 20.5% |
| Amounts payable17/49 | €42,776 | €462,517 | €462,399 | €447,900 | €425,622 | €347,293 | €317,069 | ▼ 8.7% |
| Amounts payable after more than one year17 | - | - | - | - | €139,252 | €116,496 | €92,832 | ▼ 20.3% |
| Financial debts170/4 | - | - | - | - | €139,252 | €116,496 | €92,832 | ▼ 20.3% |
| Amounts payable within one year42/48 | €42,776 | €461,906 | €462,399 | €447,553 | €285,986 | €230,797 | €224,237 | ▼ 2.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €23,385 | €21,881 | €22,755 | €23,664 | ▲ 4.0% |
| Financial debts43 | - | - | - | - | €14,703 | €11,775 | €20,555 | ▲ 74.6% |
| Credit institutions430/8 | - | - | - | - | €14,703 | €11,775 | €20,555 | ▲ 74.6% |
| Trade debts44 | €734 | €419 | €215 | €1,351 | €90 | €1,363 | €1,047 | ▼ 23.2% |
| Suppliers440/4 | - | - | - | €1,351 | €90 | €1,363 | €1,047 | ▼ 23.2% |
| Taxes, remuneration and social security45 | - | - | - | €10,943 | €13,558 | €20,534 | €21,777 | ▲ 6.1% |
| Taxes450/3 | - | - | - | €8,079 | €10,636 | €17,568 | €21,777 | ▲ 24.0% |
| Remuneration and social security454/9 | - | - | - | €2,864 | €2,922 | €2,966 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €411,874 | €235,754 | €174,369 | €157,194 | ▼ 9.8% |
| Accrued charges and deferred income492/3 | - | - | - | €348 | €384 | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,643 | €76,088 | €67,282 | €80,879 | €70,068 | €57,706 | €101,950 | ▲ 76.7% |
| + Depreciation and write-downs630 | €935 | €935 | €1,875 | €2,781 | €3,459 | €2,427 | €2,467 | ▲ 1.7% |
| Operating cash flow (approximation) | €47,578 | €77,023 | €69,157 | €83,660 | €73,527 | €60,133 | €104,418 | ▲ 73.6% |
| Investment in fixed assets (approximation) | - | -€408,580 | -€29,237 | -€25,000 | -€44,379 | -€26,009 | -€20,000 | ▲ 23.1% |
| Change in cash | - | €40,665 | -€106,083 | -€34,194 | €17,916 | €1,172 | -€66,830 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 27-03-2026 | 2026-00066501 |
| 30-09-2024 | micro format | 26-04-2025 | 2025-00078480 |
| 30-09-2023 | micro format | 18-04-2024 | 2024-00064847 |
| 30-09-2022 | micro format | 22-04-2023 | 2023-00064261 |
| 30-09-2021 | micro format | 31-03-2022 | 2022-09500438 |
| 30-09-2020 | micro format | 22-04-2021 | 2021-10900247 |
| 30-09-2019 | micro format | 28-04-2020 | 2020-10300071 |
| 30-09-2018 | micro format | 28-04-2019 | 2019-11100401 |
| 30-09-2017 | micro format | 27-04-2018 | 2018-11000315 |
| 30-09-2016 | abbreviated format | 22-04-2017 | 2017-09800570 |
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Of the 22,302 active companies whose main activity is activities of lawyers (NACE 69101), figures are known for 9,353. 5,518 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.