Sofina Ventures
ActiveSummary
Sofina Ventures has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €596.9m and a net result of -€40.4m. Equity is growing by about 20% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2025, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€40.4m▼ 78.6%
2024 · -€22.6m
Working capital
-€143.0m▼ 667%
2024 · -€18.6m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €4.7m in 2025 against €2.6m in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€4.7m
2025
Net result-€40.4m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€742.8m
2025
Equity€596.9m
2025
Debt€145.8m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€143.0m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.8m--€1.5m▼ 92.8%-€2.8m▼ 90.1%-€6.0m▼ 116%-€6.4m▼ 7.7%-€3.8m▲ 41.7%-€2.6m▲ 30.2%-€4.7m▼ 78.7%
Net result-€18.1m--€10.0m▲ 44.4%€420.8m€45.1m▼ 89.3%€5.3m▼ 88.4%€18.8m▲ 258%-€22.6m-€40.4m▼ 78.6%
Equity€182.6m-€172.5m▼ 5.5%€293.3m▲ 70.0%€338.5m▲ 15.4%€343.7m▲ 1.6%€362.5m▲ 5.5%€637.4m▲ 75.8%€596.9m▼ 6.3%
Total assets€183.0m-€213.9m▲ 16.9%€394.3m▲ 84.4%€400.8m▲ 1.6%€489.0m▲ 22.0%€475.4m▼ 2.8%€657.3m▲ 38.3%€742.8m▲ 13.0%
Debt€0.4m-€41.3m▲ 10,414%€101.0m▲ 144%€62.3m▼ 38.3%€145.0m▲ 133%€112.8m▼ 22.2%€19.9m▼ 82.4%€145.8m▲ 634%
Working capital€43.7m--€41.2m€77.0m-€43.8m-€144.9m▼ 231%-€112.4m▲ 22.4%-€18.6m▲ 83.4%-€143.0m▼ 667%
Why a figure moved sharply
- 2024 Equity +76% on 2023. Capital increase of €157,999,545 (Official Gazette 28-05-2024). Capital increase of €139,500,455 (Official Gazette 28-05-2024).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €742.8m
Fixed assets
€740.0m ▲ 12.8%
Current assets
€2.8m ▲ 134%
Equity and liabilities €742.8m
Equity
€596.9m ▼ 6.3%
Provisions
€81,424 ▲ 0.2%
Debt
€145.8m ▲ 634%
Debt's share of the balance-sheet total rises from 3.0% to 19.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.02▼
2024 · 0.06
Debt to equity
0.24▲
2024 · 0.03
ROE
-6.8%▼
2024 · -3.6%
ROA
-5.4%▼
2024 · -3.4%
Debt ≤ 1 year
€145.8m▲
2024 · €19.9m
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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | - | - | - | €0.2m | - |
| Other operating income74 | - | - | - | - | - | - | - | €0.2m | - |
| Operating charges60/66A | - | - | - | - | €6.4m | €3.8m | €2.6m | €4.9m | ▲ 87.4% |
| Services and other goods61 | - | - | - | - | €5.2m | €3.6m | €2.4m | €4.8m | ▲ 102% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €0.2m | -€0.1m | -€0.04m | €191 | - |
| Other operating charges640/8 | - | - | - | - | €1.0m | €0.2m | €0.3m | €0.06m | ▼ 76.1% |
| Operating profit (loss)9901 | -€0.8m | -€1.5m | -€2.8m | -€6.0m | -€6.4m | -€3.8m | -€2.6m | -€4.7m | ▼ 78.7% |
| Financial income75/76B | - | - | - | - | €78.9m | €49.3m | €63.8m | €18.7m | ▼ 70.6% |
| Recurring financial income75 | €0.2m | €1.4m | €2.5m | €9.1m | €8.8m | €2.1m | €4.4m | €12.2m | ▲ 178% |
| Income from financial fixed assets750 | - | - | - | - | €6.9m | €2.0m | €3.9m | €11.6m | ▲ 195% |
| Income from current assets751 | - | - | - | - | €0.04m | €0.002m | €0.04m | €0.09m | ▲ 117% |
| Other financial income752/9 | - | - | - | - | €1.9m | €0.1m | €0.4m | €0.5m | ▲ 24.5% |
| Non-recurring financial income76B | - | - | - | - | €70.1m | €47.2m | €59.4m | €6.5m | ▼ 89.0% |
| Financial charges65/66B | - | - | - | - | €67.2m | €26.7m | €83.8m | €54.5m | ▼ 35.0% |
| Recurring financial charges65 | €0.4m | €0.5m | €2.0m | €0.6m | €4.4m | €5.8m | €5.4m | €3.8m | ▼ 29.3% |
| Debt charges650 | - | €0.1m | €0.4m | €0.04m | €1.2m | €5.5m | €2.7m | €2.8m | ▲ 2.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | €0.01m | €0.002m | €0.2m | -€0.02m | - |
| Other financial charges652/9 | - | - | - | - | €3.2m | €0.3m | €2.5m | €1.1m | ▼ 56.6% |
| Non-recurring financial charges66B | - | - | - | - | €62.9m | €21.0m | €78.4m | €50.7m | ▼ 35.4% |
| Profit (loss) for the period before taxes9903 | -€18.1m | -€10.0m | €420.8m | €45.1m | €5.3m | €18.8m | -€22.6m | -€40.4m | ▼ 78.6% |
| Income taxes67/77 | - | - | -€0.002m | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€18.1m | -€10.0m | €420.8m | €45.1m | €5.3m | €18.8m | -€22.6m | -€40.4m | ▼ 78.6% |
| Profit (loss) for the period to be appropriated9905 | -€18.1m | -€10.0m | €420.8m | €45.1m | €5.3m | €18.8m | -€22.6m | -€40.4m | ▼ 78.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €183.0m | €213.9m | €394.3m | €400.8m | €489.0m | €475.4m | €657.3m | €742.8m | ▲ 13.0% |
| Fixed assets21/28 | €138.9m | €213.8m | €216.4m | €382.3m | €488.8m | €475.0m | €656.1m | €740.0m | ▲ 12.8% |
| Financial fixed assets28 | €138.9m | €213.8m | €216.4m | €382.3m | €488.8m | €475.0m | €656.1m | €740.0m | ▲ 12.8% |
| Affiliated companies280/1 | - | - | - | - | €23.2m | - | - | - | - |
| Participating interests280 | - | - | - | - | €23.2m | - | - | - | - |
| Companies linked by participating interests282/3 | - | - | - | - | €208.0m | €238.8m | €312.4m | €387.0m | ▲ 23.9% |
| Participating interests282 | - | - | - | - | €208.0m | €234.3m | €307.7m | €366.4m | ▲ 19.1% |
| Amounts receivable283 | - | - | - | - | - | €4.5m | €4.7m | €20.6m | ▲ 342% |
| Other financial fixed assets284/8 | - | - | - | - | €257.5m | €236.2m | €343.7m | €353.0m | ▲ 2.7% |
| Shares284 | - | - | - | - | €254.3m | €232.7m | €340.7m | €353.0m | ▲ 3.6% |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €3.2m | €3.5m | €3.0m | €0 | ▼ 100% |
| Current assets29/58 | €44.1m | €0.09m | €177.9m | €18.5m | €0.2m | €0.4m | €1.2m | €2.8m | ▲ 134% |
| Amounts receivable within one year40/41 | €41.4m | €0 | €145.0m | €0.001m | €0.001m | €0 | €0.4m | €0.3m | ▼ 2.7% |
| Other amounts receivable41 | - | - | - | - | €0.001m | €0 | €0.4m | €0.3m | ▼ 2.7% |
| Cash at bank and in hand54/58 | €2.7m | €0.09m | €32.9m | €18.3m | €0.03m | €0.03m | €0.2m | €0.6m | ▲ 266% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.1m | €0.4m | €0.7m | €1.9m | ▲ 171% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €183.0m | €213.9m | €394.3m | €400.8m | €489.0m | €475.4m | €657.3m | €742.8m | ▲ 13.0% |
| Equity10/15 | €182.6m | €172.5m | €293.3m | €338.5m | €343.7m | €362.5m | €637.4m | €596.9m | ▼ 6.3% |
| Contributions10/11 | €200.0m | €200.0m | €200.0m | €200.0m | €200.0m | €200.0m | €497.5m | €497.5m | = |
| Capital10 | - | - | - | - | €200.0m | €200.0m | €497.5m | €497.5m | = |
| Issued capital100 | - | - | - | - | €200.0m | €200.0m | €497.5m | €497.5m | = |
| Reserves13 | €0.2m | €0.2m | €19.9m | €20.0m | €20.0m | €20.0m | €20.0m | €20.0m | = |
| Non-distributable reserves130/1 | - | - | - | - | €20.0m | €20.0m | €20.0m | €20.0m | = |
| Legal reserve130 | - | - | - | - | €20.0m | €20.0m | €20.0m | €20.0m | = |
| Profit (loss) carried forward14 | -€17.6m | -€27.7m | €73.5m | €118.5m | €123.7m | €142.5m | €119.9m | €79.4m | ▼ 33.7% |
| Provisions and deferred taxes16 | - | - | - | - | €0.2m | €0.1m | €0.08m | €0.08m | ▲ 0.2% |
| Provisions for liabilities and charges160/5 | - | - | - | - | €0.2m | €0.1m | €0.08m | €0.08m | ▲ 0.2% |
| Other liabilities and charges164/5 | - | - | - | - | €0.2m | €0.1m | €0.08m | €0.08m | ▲ 0.2% |
| Amounts payable17/49 | €0.4m | €41.3m | €101.0m | €62.3m | €145.0m | €112.8m | €19.9m | €145.8m | ▲ 634% |
| Amounts payable within one year42/48 | €0.4m | €41.3m | €101.0m | €62.3m | €145.0m | €112.8m | €19.9m | €145.8m | ▲ 634% |
| Trade debts44 | €0.4m | €0.5m | €1.0m | €2.7m | €3.0m | €1.5m | €1.2m | €1.6m | ▲ 35.0% |
| Suppliers440/4 | - | - | - | - | €3.0m | €1.5m | €1.2m | €1.6m | ▲ 35.0% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €0.1m | €0.2m | ▲ 78.3% |
| Taxes450/3 | - | - | - | - | - | - | €0.1m | €0.2m | ▲ 78.3% |
| Other amounts payable47/48 | - | - | - | - | €142.0m | €111.3m | €18.5m | €143.9m | ▲ 677% |
| Accrued charges and deferred income492/3 | - | - | - | - | €86 | €316 | - | €0.002m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18.1m | -€10.0m | €420.8m | €45.1m | €5.3m | €18.8m | -€22.6m | -€40.4m | ▼ 78.6% |
| Operating cash flow (approximation) | -€18.1m | -€10.0m | €420.8m | €45.1m | €5.3m | €18.8m | -€22.6m | -€40.4m | ▼ 78.6% |
| Investment in fixed assets (approximation) | - | -€74.9m | -€2.6m | -€166.0m | -€106.5m | €13.8m | -€181.1m | -€83.9m | ▲ 53.7% |
| Change in cash | - | -€2.6m | €32.8m | -€14.6m | -€18.3m | -€0.007m | €0.1m | €0.5m | ▲ 214% |
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 51 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 15-04-2026 | 2026-00083174 |
| 31-12-2024 | full format | 04-04-2025 | 2025-00063461 |
| 31-12-2023 | full format | 09-04-2024 | 2024-00062323 |
| 31-12-2022 | full format | 06-04-2023 | 2023-00054701 |
| 31-12-2021 | full format | 15-03-2022 | 2022-07800001 |
| 31-12-2020 | full format | 15-03-2021 | 2021-07700292 |
| 31-12-2019 | full format | 04-05-2020 | 2020-10900351 |
| 31-12-2018 | full format | 19-02-2019 | 2019-05500124 |
| 31-12-2017 | full format | 04-05-2018 | 2018-12300032 |
| 31-12-2016 | full format | 06-04-2017 | 2017-09100400 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.