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 has been growing by about 20% per year since 2019. Its solvency ranks better than 60% of 15,759 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-12-2011 Normal situation
- Activity
- Activities of lawyers NACE 69101
- Establishment unit
- 2.205.712.989 2230 Herselt, since 26-12-2011
- Financial year end
- 30 September
- Peppol
- Reachable since 30-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €172,533
- ▲ 55.6%
- Turnover
- ≈ €300,000
- estimated
- Profit
- €101,950
- ▲ 76.7%
- Equity
- €617,662
- ▲ 19.8%
- Total assets
- €934,731
- ▲ 8.3%
Score breakdownraises riskLiquidity: current ratio 1.74, cash €24,270, halvedlowers riskSector: Legal and accounting activities (NACE 69)Size: total assets €934,731Figures for financial year 2025 (filed on 30-03-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, micro). It does better than 63% of them on solvency, 19% on liquidity, 38% on profitability and 65% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-03-2026 PDF all 13 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 57% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €19,379 | €1,009 | - |
| Financial fixed assets | €25,000 | €25,000 | €25,000 | €20,000 |
| Depreciation and write-downs of the year | €2,781 | €3,459 | €2,427 | €2,467 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as SOFIE PAPEN: activities of lawyers (NACE 69101). They are comparable in size and age: total assets between €854,000 and €1.1m, founded between 2010 and 2013.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| SOFIE PAPEN Herselt | 2011 | €0.9m | €0.6m | €0.2m | €0.1m | - | 2025 |
| VIGO Antwerpen | 2013 | €0.9m | €0.2m | €0.2m | €0.02m | 0.8 | 2025 |
| ADVOCAAT BERT GREGOIR Antwerpen | 2010 | €1.0m | €0.8m | €0.2m | €0.2m | - | 2025 |
| Bierens Advocaten Antwerpen | 2011 | €1.1m | €0.7m | €0.2m | €0.01m | - | 2025 |
| GITTE LAENEN ADVOCATENKANTOOR Grobbendonk | 2010 | €1.0m | €0.9m | €0.2m | €0.1m | - | 2025 |
| IBELIN Antwerpen | 2010 | €0.9m | €0.5m | €0.2m | €0.1m | - | 2025 |
| CONSTANTIJN Roeselare | 2011 | €0.9m | €0.5m | €0.2m | €0.08m | - | 2025 |
They were chosen from the 9,371 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
| 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 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 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 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 23-11-2023 Converted to unavailable equity · €14,360
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Sofie Papen |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “In naam en voor rekening van rechtspersoon, 1”
Articles of association, deed of 23-11-2023 (in Dutch)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 30-09-2025Equity €802,228 Profit of €683,838 in 2025 (profit of €703,070 in 2024) Checked score 9422.83%
Board mandates elsewhere
2 board mandatesCompanies at the same address
1 other companyConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
23-11
Gazette deed
Resignation: Sofie Papen (director)Reappointment: Sofie Papen (director) · Director discharge · Registered office clause11 points ▸
- Director resignation, Sofie Papen (director)
- Director discharge, Sofie Papen
- Director reappointment, Sofie Papen (director (not named in the articles))
- Registered office clause, “Provinciebaan 29,2230 Herselt” (deed in Dutch)
- General meeting, 20-11-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, onmiddellijk” (deed in Dutch)
- Other provision, “schriftelijke en elektronische algemene vergadering, eenparigheid van stemmen” (deed in Dutch)
- Other provision, “uitkering interimdividenden, voorzien in mogelijkheid winsten lopende boekjaar uit te keren” (deed in Dutch)
- Name clause, SOFIE PAPEN
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
8 activities
- De vennootschap heeft tot voorwerp de uitoefening van het beroep van advocaat en alle aanverwante activiteiten, mandaten en functies die verenigbaar zijn met het statuut van advocaat, zoals het publiceren van artikels en boeken en het optreden onder meer als bestuurder, vereffenaar of curator, met uitsluiting van iedere handelsactiviteit.
- De uitoefening van alle opdrachten en het stellen van alle handelingen die verenigbaar zijn met het beroep van advocaat zoals dit in België en binnen de Europese Gemeenschap omschreven is.
- De vennootschap kan hetzij alleen hetzij in samenwerking met anderen, rechtstreeks of onrechtstreeks, voor eigen rekening of voor rekening van derden, elke roerende, onroerende, financiële of diverse verrichting doen, die rechtstreeks of onrechtstreeks verband houdt met de uitoefening van het beroep of die zou kunnen bijdragen tot de verdere ontwikkeling ervan.
- De vennootschap mag met inachtneming van de ter zake geldende reglementaire bepalingen samenwerken met andere advocaten, advocatenkantoren of advocatenassociaties door economische samenwerkingsverbanden, Europese economische samenwerkingsverbanden of een ander samenwerkingsverband.
- De vennootschap zal bij de uitoefening van haar activiteiten de regels eigen aan de uitoefening van het beroep van advocaat zoals bepaald door de bevoegde instanties, eerbiedigen.
- De uitoefening van de taak van syndicus conform de plaatselijke reglementen en de reglementen van de Orde van Vlaamse Balies.
- De vennootschap kan alle onroerende goederen en rechten verwerven teneinde deze geheel of gedeeltelijk als woon- en/of werkplaats ter beschikking te stellen van de bestuurder(s), aandeelhouder(s) en hun familieleden alsook van derden.
- De vennootschap kan alle handelingen verrichten welke rechtstreeks of onrechtstreeks in verband staan met haar voorwerp of welke van aard zijn het bereiken ervan geheel of gedeeltelijk te vergemakkelijken.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13013A0107/02C002 | Flanders | 1,079 m² | 1 · 249 m² | 7.8 m · 2 |