Equity
SOFIMAX has made a profit in every financial year since 2013.
SOFIMAX has made a profit in every financial year since 2013.
Green is investment, beige is depreciation.
Five of the last ten came late. The 2019 accounts came latest: 109 days after the end of the period.
The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 73, micro). It does better than 87% of them on solvency, 83% on liquidity, 44% on profitability and 53% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Liquidity is insufficient, with a current ratio of 0.01 (0.03 in 2025), below 1. Short-term debt is 18% of total assets. 18.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Shares in 1 company, APOTHEEK SMETS
Board & ownership| Company | ||||
|---|---|---|---|---|
| SOFIMAX Herent | €1.8m | €85,084 | 81.6% | - |
| INTRABIZ Hamme (Vl.) | €1.8m | €98,745 | 12.6% | - |
| Fabisa Charleroi | €1.5m | €98,227 | 39.7% | 0 |
| BBC GROUP Meise | €1.6m | €73,866 | 62.4% | - |
| SCMiles Supply Chain Management integrated learning, events and services Zemst | €1.4m | €93,422 | 99.7% | - |
| The FarAwayLooker Leuven | €1.6m | €128,801 | 90.1% | - |
| Lou&Arth Kruisem | €1.6m | €110,558 | 18.4% | - |
These companies have the same main activity as SOFIMAX: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €1.4m and €1.8m, founded between 2008 and 2014.
SOFIMAX files the abbreviated format. That format states no turnover. The gross margin rose from €47,286 in 2013 to €85,084 in 2026.
Rainbow holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €210,000. Estimated: probably between €160,000 and €310,000.
Higher than 80% of 2,093 companies in 2025.
Lower than 95% of 2,009 companies in 2025.
Higher than 50% of 2,052 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | |
21/28 |
1.7m | 1.7m | 1.8m | 1.8m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | |
22/27 |
2,892 | 2,226 | 8,288 | 14,351 | - | - | - | - | - | - | - | - | - | - | |
22 |
2,892 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
24 |
- | 2,226 | 8,288 | 14,351 | - | - | - | - | - | - | - | - | - | - | |
28 |
1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | |
29/58 |
4,599 | 9,909 | 4,976 | 4,429 | 42,108 | 34,414 | 33,477 | 64,531 | 27,590 | 36,095 | 23,989 | 18,828 | 18,527 | 25,301 | |
40/41 |
4,599 | 7,276 | 4,212 | 1,229 | 36,100 | 33,697 | 28,049 | 57,701 | 21,861 | 25,679 | 13,684 | 10,043 | 10,043 | 20,086 | |
40 |
2,560 | - | - | - | - | - | - | 30,129 | - | 10,043 | 10,043 | 10,043 | 10,043 | 20,086 | |
41 |
2,040 | 7,276 | 4,212 | 1,229 | 36,100 | 33,697 | 28,049 | 27,572 | 21,861 | 15,636 | 3,641 | - | - | - | |
54/58 |
- | 2,569 | 638 | 3,155 | 6,008 | 717 | 5,428 | 6,830 | 5,729 | 10,416 | 10,305 | 8,785 | 8,484 | 5,215 | |
490/1 |
- | 64 | 126 | 45 | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | 1.8m | |
10/15 |
1.4m | 1.4m | 1.3m | 1.2m | 1.3m | 1.3m | 1.2m | 1.2m | 1.2m | 1.2m | 1.1m | 1.1m | 1.1m | 1.1m | |
10/11 |
903,134 | 903,134 | 903,134 | 903,134 | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | |
100 |
- | - | - | - | - | - | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | |
101 |
- | - | - | - | - | - | 3,600 | 3,600 | 3,600 | 3,600 | 3,600 | 3,600 | 3,600 | 3,600 | |
13 |
518,925 | 458,925 | 395,425 | 321,209 | 116,209 | 93,709 | 63,709 | 30,278 | 23,443 | 7,717 | 3,617 | 2,657 | 1,797 | 937 | |
130/1 |
- | - | - | - | - | 10,784 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 10,784 | 8,953 | 8,578 | 7,717 | 3,617 | 2,657 | 1,797 | 937 | |
1311 |
- | - | - | - | - | 10,784 | - | - | - | - | - | - | - | - | |
133 |
518,925 | 458,925 | 395,425 | 321,209 | 116,209 | 82,925 | 52,925 | 21,325 | 14,865 | - | - | - | - | - | |
14 |
6,726 | 5,528 | 3,922 | 5,659 | 154,390 | 126,445 | 125,313 | 125,298 | 125,296 | 125,294 | 47,381 | 29,147 | 20,797 | 17,791 | |
17/49 |
321,961 | 387,803 | 454,038 | 532,033 | 454,509 | 497,260 | 527,454 | 591,956 | 561,851 | 586,084 | 655,991 | 670,023 | 678,933 | 689,573 | |
17 |
5,044 | 58,252 | 113,077 | 170,518 | 210,885 | 259,396 | 305,144 | 349,337 | 392,031 | 433,283 | 473,144 | 511,666 | 548,897 | 584,886 | |
170/4 |
5,044 | 58,252 | 113,077 | 170,518 | 210,885 | 259,396 | 305,144 | 349,337 | 392,031 | 433,283 | 473,144 | 511,666 | 548,897 | 584,886 | |
42/48 |
314,401 | 326,352 | 338,069 | 358,858 | 241,060 | 235,317 | 222,310 | 242,619 | 169,679 | 152,661 | 182,847 | 158,357 | 127,951 | 100,286 | |
42 |
53,208 | 54,825 | 57,441 | 56,108 | 48,511 | 45,748 | 44,193 | 42,695 | 41,251 | 39,861 | 38,522 | 37,232 | 35,989 | 34,791 | |
43 |
6,238 | 4,114 | 2,150 | - | 17,000 | 7,311 | - | - | - | - | - | - | - | - | |
430/8 |
6,238 | 4,114 | 2,150 | - | 17,000 | 7,311 | - | - | - | - | - | - | - | - | |
44 |
1,624 | 3,129 | 1,679 | 745 | 3,043 | 2,252 | 3,738 | 2,938 | 11,948 | 3,236 | 390 | 3,746 | 1,043 | 150 | |
440/4 |
1,624 | 3,129 | 1,679 | 745 | 3,043 | 2,252 | 3,738 | 2,938 | 11,948 | 3,236 | 390 | 3,746 | 1,043 | 150 | |
45 |
720 | 1,012 | 19,128 | 27,223 | - | 318 | 5,814 | 1,061 | 4,283 | 40,210 | 13,759 | 6,406 | 4,966 | 7,877 | |
450/3 |
- | 1,012 | 19,128 | 27,223 | - | 318 | 5,814 | 1,061 | 4,283 | 40,210 | 13,759 | 6,406 | 4,966 | 7,877 | |
454/9 |
720 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
252,611 | 263,272 | 257,672 | 274,783 | 172,506 | 179,687 | 168,565 | 195,925 | 112,197 | 69,354 | 130,176 | 110,973 | 85,953 | 57,468 | |
492/3 |
2,516 | 3,199 | 2,892 | 2,656 | 2,564 | 2,547 | - | - | 140 | 140 | - | - | 2,085 | 4,401 | |
| Income statement | |||||||||||||||
76A |
- | 4,352 | - | - | 905 | 5,409 | - | - | - | - | - | - | - | - | |
9900 |
85,084 | 104,368 | 109,684 | 116,067 | 76,994 | 54,432 | 59,131 | 24,070 | 40,321 | 140,830 | 46,529 | 47,249 | 48,643 | 47,286 | |
630 |
45 | 6,062 | 6,062 | 3,837 | - | - | - | - | - | - | - | - | - | - | |
640/8 |
1,121 | 1,919 | 1,192 | 1,178 | 1,168 | 1,220 | 1,164 | 990 | 1,818 | 1,818 | 868 | 348 | 348 | 348 | |
9901 |
83,918 | 96,387 | 102,430 | 111,053 | 75,825 | 53,213 | 57,966 | 23,081 | 38,503 | 139,012 | 45,661 | 46,902 | 48,295 | 46,938 | |
75/76B |
3,774 | 105 | 86 | 1,259 | 2,146 | 2,923 | 2,212 | 1,921 | 1,553 | 756 | 81 | - | - | - | |
75 |
- | 105 | 86 | 1,259 | 2,146 | 2,923 | 2,212 | 1,921 | 1,553 | 756 | 81 | - | - | - | |
76B |
3,774 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
3,210 | 5,374 | 7,065 | 6,836 | 10,526 | 12,185 | 13,418 | 14,932 | 16,438 | 18,736 | 19,187 | 20,558 | 21,958 | 21,975 | |
65 |
3,210 | 5,374 | 7,065 | 6,836 | 10,526 | 12,185 | 13,418 | 14,932 | 16,438 | 18,736 | 19,187 | 20,558 | 21,958 | 21,975 | |
9903 |
84,482 | 91,117 | 95,451 | 105,476 | 67,445 | 43,950 | 46,761 | 10,070 | 23,618 | 121,031 | 26,555 | 26,344 | 26,338 | 24,963 | |
67/77 |
23,284 | 26,012 | 22,971 | 26,328 | 17,000 | 12,818 | 13,314 | 3,234 | 7,889 | 39,019 | 7,361 | 9,134 | 9,138 | 6,236 | |
9904 |
61,198 | 65,106 | 72,479 | 79,149 | 50,445 | 31,131 | 33,447 | 6,837 | 15,728 | 82,012 | 19,194 | 17,210 | 17,200 | 18,728 | |
9905 |
61,198 | 65,106 | 72,479 | 79,149 | 50,445 | 31,131 | 33,447 | 6,837 | 15,728 | 82,012 | 19,194 | 17,210 | 17,200 | 18,728 | |
| Appropriation of the result | |||||||||||||||
9906 |
66,726 | 69,028 | 78,138 | 233,538 | 176,890 | 156,445 | 158,744 | 132,133 | 141,022 | 129,394 | 48,341 | 38,007 | 34,991 | 18,728 | |
14P |
5,528 | 3,922 | 5,659 | 154,390 | 126,445 | - | - | - | - | - | - | - | - | - | |
691/2 |
60,000 | 63,500 | 74,216 | 205,000 | 22,500 | 30,000 | 33,431 | 6,835 | 15,726 | 4,100 | 960 | 860 | 860 | 937 | |
6920 |
- | - | - | - | - | - | 1,831 | 375 | 861 | 4,100 | 960 | 860 | 860 | 937 | |
6921 |
60,000 | 63,500 | 74,216 | 205,000 | 22,500 | 30,000 | 31,600 | 6,460 | 14,865 | - | - | - | - | - | |
694/7 |
- | - | - | 22,879 | - | - | - | - | - | - | - | 8,000 | 13,333 | - | |
694 |
- | - | - | 22,879 | - | - | - | - | - | - | - | 8,000 | 13,333 | - | |
| Document | |||||||||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 03-11-2026.
2026 annual accounts filed 3 days after the deadline. Filed on 3 November 2026, deadline 31 October 2026 (7 months after the close on 31 March 2026, Companies Code art. 3:10). Source: NBB, 2026-00601479.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 03-11-2026 | 2026-00601479 | |
| 31-03-2025 | abbreviated format | 29-09-2025 | 2025-00508706 | |
| 31-03-2024 | abbreviated format | 04-11-2024 | 2024-00529764 | |
| 31-03-2023 | abbreviated format | 13-11-2023 | 2023-00512006 | |
| 31-03-2022 | abbreviated format | 03-11-2022 | 2022-20515879 | |
| 31-03-2021 | abbreviated format | 21-09-2021 | 2021-68000333 | |
| 31-03-2020 | abbreviated format | 20-10-2020 | 2020-62200008 | |
| 31-03-2019 | abbreviated format | 17-02-2020 | 2020-05100551 | |
| 31-03-2018 | abbreviated format | 23-10-2018 | 2018-70000210 | |
| 31-03-2017 | abbreviated format | 19-10-2017 | 2017-67400272 | |
| 31-03-2016 | abbreviated format | 22-09-2016 | 2016-60800090 | |
| 31-03-2015 | abbreviated format | 09-10-2015 | 2015-64600078 | |
| 31-03-2014 | abbreviated format | 20-10-2014 | 2014-65100042 | |
| 31-03-2013 | abbreviated format | 22-11-2013 | 2013-66600402 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 83,963 | 102,450 | 108,492 | 114,890 | - | - | - | - | - | - | - | - | - | - | ||
| 61,243 | 71,168 | 78,542 | 82,985 | - | - | - | - | - | - | - | - | - | - | ||
| 2,937 | 0 | 0 | 18,187 | - | - | - | - | - | - | - | - | - | 1.7m | ||
| - | 1,931 | -2,516 | -2,853 | 5,291 | -4,711 | -1,403 | 1,102 | -4,687 | 111 | 1,521 | 300 | 3,269 | - | ||
| -309,801 | -316,443 | -333,092 | -354,429 | -198,952 | -200,903 | -188,834 | -178,088 | -142,090 | -116,567 | -158,858 | -139,530 | -109,423 | -74,985 | ||
| 81.6% | 77.9% | 74.2% | 69.8% | 74.5% | 72.0% | 70.3% | 67.3% | 68.3% | 67.1% | 62.9% | 62.0% | 61.5% | 61.0% | ||
| 0.01 | 0.03 | 0.01 | 0.01 | 0.17 | 0.15 | 0.15 | 0.27 | 0.16 | 0.24 | 0.13 | 0.12 | 0.14 | 0.25 | ||
| 0.23 | 0.28 | 0.35 | 0.43 | 0.34 | 0.39 | 0.42 | 0.49 | 0.46 | 0.49 | 0.59 | 0.61 | 0.63 | 0.64 | ||
| 4.3% | 4.8% | 5.6% | 6.4% | 3.8% | 2.4% | 2.7% | 0.6% | 1.3% | 6.9% | 1.7% | 1.6% | 1.6% | 1.7% | ||
| 3.5% | 3.7% | 4.1% | 4.5% | 2.8% | 1.8% | 1.9% | 0.4% | 0.9% | 4.6% | 1.1% | 1.0% | 1.0% | 1.1% | ||
| 26.16 | 19.06 | 15.36 | 16.81 | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Pledge on other assets, amount secured | - | €113,077 | - | €226,626 | €259,396 |
| Carrying value of the other pledged assets | - | €1.7m | - | €1.7m | €1.7m |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,937 | - | - | €18,187 | - |
| €45 | €6,062 | €6,062 | €3,837 | - |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is 13% lower than in 2025 and the lowest since 2022. It is the third fall in a row.
Debt's share of the balance-sheet total falls from 22.1% to 18.4%. Equity is higher and debt is lower.
Source: list of holdings in its own 31-03-2026 accounts. Every holding stands with its own latest accounts.
| APOTHEEK SMETS
registered office since 22-01-2003 · founded in 2002 |
1.6 FTE (2025) 0478.682.429 |
| Name | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| APOTHEEK SMETS | 99% | |||||||||||||
Source: list of holdings in its own accounts
The network starts from the directors of SOFIMAX. Every other company they run is a node.
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Wilselsesteenweg 10 registered office 3020 Herent | ||
| Onze-Lieve-Vrouwstraat 34 3020 Herent 7010001 Activities of head offices | 22-02-2012 | 2.209.461.050 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24423G0279/00K002 | 572 m² | 1 · 152 m² | 9.4 m · 1 |
| 24423H0264/00Y000 | 353 m² | 1 · 245 m² | 15.4 m · 4 |
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