Summary
SOFINANCE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €737,716 and a net result of €243,238. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 70% of 1,822 sector peers (NACE 66, fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2025, abbreviated schema
Equity
€737,716▲ 49.2%
2024 · €494,478
Net result
€243,238▲ 925%
2024 · €23,731
Total assets
€1.2m▲ 111%
2024 · €560,881
Solvency
62.4%▼ 25.8pp
2024 · 88.2%
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result recovers in 2025; 2025 is 798% above 2024 and is the highest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result€0.3m
2025
Net result€0.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.2m
2025
Equity€0.7m
2025
Debt€0.4m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.1m
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)20.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency62.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.31
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0.3
2025
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.06m-€0.05m▼ 11.7%€0.07m▲ 28.7%€0.05m▼ 30.8%€0.05m▲ 6.8%€0.07m▲ 41.9%€0.04m▼ 49.8%€0.3m▲ 798%
Net result€0.04m-€0.06m▲ 57.9%€0.07mwithin the sector's middle half▲ 24.5%€0.03mwithin the sector's middle half▼ 57.7%€0.03mwithin the sector's middle half▲ 8.3%€0.05mwithin the sector's middle half▲ 53.7%€0.02mwithin the sector's middle half▼ 51.9%€0.2mabove the sector's middle half▲ 925%
Equity€0.2m-€0.3m▲ 23.8%€0.4mwithin the sector's middle half▲ 24.0%€0.4mwithin the sector's middle half▲ 8.2%€0.4mwithin the sector's middle half▲ 8.2%€0.5mwithin the sector's middle half▲ 11.6%€0.5mwithin the sector's middle half▲ 4.5%€0.7mabove the sector's middle half▲ 49.2%
Total assets€0.6m-€0.6m▲ 0.5%€0.6mwithin the sector's middle half▲ 0.6%€0.6mwithin the sector's middle half▼ 2.3%€0.6mwithin the sector's middle half▼ 5.3%€0.6mwithin the sector's middle half▲ 1.1%€0.6mwithin the sector's middle half▼ 0.6%€1.2mwithin the sector's middle half▲ 111%
Debt€0.4m-€0.3m▼ 14.8%€0.2m▼ 21.6%€0.2m▼ 18.0%€0.1m▼ 32.1%€0.09m▼ 32.4%€0.07m▼ 26.8%€0.4m▲ 570%
Working capital-€0.001m-€0.01m€0.04mwithin the sector's middle half▲ 214%€0.02mwithin the sector's middle half▼ 56.2%€0.02mwithin the sector's middle half▼ 5.5%€0.04mwithin the sector's middle half▲ 150%€0.02mwithin the sector's middle half▼ 53.9%€0.1mwithin the sector's middle half▲ 489%
Solvency39.6%-48.8%▲ 9.2pp60.1%within the sector's middle half▲ 11.3pp66.5%above the sector's middle half▲ 6.4pp76.0%above the sector's middle half▲ 9.5pp83.9%above the sector's middle half▲ 7.9pp88.2%above the sector's middle half▲ 4.2pp62.4%within the sector's middle half▼ 25.8pp
Current ratio0.98-1.15▲ 0.171.52within the sector's middle half▲ 0.371.21within the sector's middle half▼ 0.311.24within the sector's middle half▲ 0.031.64within the sector's middle half▲ 0.391.36within the sector's middle half▼ 0.271.31within the sector's middle half▼ 0.05
Return on assets (ROA)6.0%-9.4%▲ 3.4pp11.6%within the sector's middle half▲ 2.2pp5.0%within the sector's middle half▼ 6.6pp5.8%within the sector's middle half▲ 0.7pp8.7%within the sector's middle half▲ 3.0pp4.2%within the sector's middle half▼ 4.5pp20.6%within the sector's middle half▲ 16.3pp
Staff (FTE)1.2-1.3▲ 8.3%1.3below the sector's middle half=1.5below the sector's middle half▲ 15.4%1.4below the sector's middle half▼ 6.7%1.4below the sector's middle half=1.4below the sector's middle half=0.3below the sector's middle half▼ 78.6%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€729,881 ▲ 48.2%
Current assets
€452,974 ▲ 563%
Equity and liabilities €1.2m
Equity
€737,716 ▲ 49.2%
Debt
€445,139 ▲ 570%
Debt's share of the balance-sheet total rises from 11.8% to 37.6%. Equity and debt are higher.
Key figures and ratios
ROE
33.0%▲
2024 · 4.8%
Debt ≤ 1 year
€345,562▲
2024 · €50,117
Debt > 1 year
€96,295▲
2024 · €16,286
Income taxes
€73,390▲
2024 · €9,570
Staff costs
€3,516▼
2024 · €64,690
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 |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €326,150 | - |
| Remuneration, social security and pensions62 | - | - | - | €61,701 | €60,287 | €66,829 | €64,690 | €3,516 | ▼ 94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,900 | €15,352 | €15,276 | €13,213 | €15,178 | €15,025 | €19,162 | €29,569 | ▲ 54.3% |
| Other operating charges640/8 | - | - | - | €416 | €990 | €688 | €487 | €140 | ▼ 71.3% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €1,900 | - | - |
| Gross operating margin9900 | €119,330 | €131,693 | €138,504 | €122,221 | €126,539 | €153,603 | €121,887 | €353,341 | ▲ 190% |
| Operating profit (loss)9901 | €59,656 | €52,706 | €67,807 | €46,891 | €50,085 | €71,061 | €35,648 | €320,115 | ▲ 798% |
| Financial income75/76B | - | - | - | €8 | €33 | €467 | €813 | €5,136 | ▲ 532% |
| Recurring financial income75 | €22 | €24,654 | €24,692 | €8 | €33 | €467 | €813 | €5,136 | ▲ 532% |
| Financial charges65/66B | - | - | - | €4,533 | €5,554 | €3,750 | €3,159 | €8,624 | ▲ 173% |
| Recurring financial charges65 | €7,865 | €6,672 | €6,486 | €4,533 | €5,554 | €3,750 | €3,159 | €8,624 | ▲ 173% |
| Profit (loss) for the period before taxes9903 | €51,813 | €70,689 | €86,012 | €42,365 | €44,564 | €67,778 | €33,301 | €316,628 | ▲ 851% |
| Income taxes67/77 | €16,187 | €14,449 | €15,991 | €12,734 | €12,459 | €18,432 | €9,570 | €73,390 | ▲ 667% |
| Profit (loss) for the period9904 | €35,626 | €56,240 | €70,022 | €29,631 | €32,105 | €49,347 | €23,731 | €243,238 | ▲ 925% |
| Transfer from tax-exempt reserves789 | - | - | - | €9,550 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €35,626 | €56,240 | €70,022 | €39,181 | €32,105 | €49,347 | €23,731 | €243,238 | ▲ 925% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €1.2m | ▲ 111% |
| Fixed assets21/28 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.7m | ▲ 48.2% |
| Intangible fixed assets21 | €0.1m | €0.1m | €0.08m | €0.07m | €0.06m | €0.05m | €0.04m | - | - |
| Tangible fixed assets22/27 | €0.009m | €0.005m | €0.002m | €0.01m | €0.01m | €0.009m | €0.04m | €0.3m | ▲ 730% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.01m | €0.009m | €0.04m | €0.05m | ▲ 54.2% |
| Other tangible fixed assets26 | - | - | - | €356 | €202 | €106 | €455 | €0.2m | ▲ 52,904% |
| Financial fixed assets28 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 3.2% |
| Current assets29/58 | €0.07m | €0.09m | €0.1m | €0.1m | €0.08m | €0.1m | €0.07m | €0.5m | ▲ 563% |
| Amounts receivable within one year40/41 | €0.02m | €0.02m | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | €0.4m | ▲ 1,389% |
| Trade receivables40 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.1m | ▲ 736% |
| Other amounts receivable41 | - | - | - | €0.002m | €0.002m | €0.003m | €0.007m | €0.2m | ▲ 3,034% |
| Current investments50/53 | €0.04m | €0.06m | €0.08m | €0.05m | €0.05m | €0.05m | €0.02m | €0.02m | ▲ 0.5% |
| Cash at bank and in hand54/58 | €0.02m | €0.006m | €0.01m | €0.03m | €0.01m | €0.02m | €0.02m | €0.06m | ▲ 173% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.002m | €0.002m | €0.002m | €0.003m | ▲ 99.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €1.2m | ▲ 111% |
| Equity10/15 | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | €0.7m | ▲ 49.2% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | €0.7m | ▲ 49.8% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.4m | €0.4m | €0.5m | €0.5m | €0.7m | ▲ 49.8% |
| Amounts payable17/49 | €0.4m | €0.3m | €0.2m | €0.2m | €0.1m | €0.09m | €0.07m | €0.4m | ▲ 570% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.2m | €0.1m | €0.07m | €0.03m | €0.02m | €0.1m | ▲ 491% |
| Financial debts170/4 | - | - | - | €0.1m | €0.07m | €0.03m | €0.02m | €0.1m | ▲ 491% |
| Amounts payable within one year42/48 | €0.08m | €0.08m | €0.07m | €0.08m | €0.06m | €0.06m | €0.05m | €0.3m | ▲ 590% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.05m | €0.04m | €0.03m | €0.01m | ▼ 58.1% |
| Financial debts43 | - | - | - | €15 | €15 | €15 | - | - | - |
| Credit institutions430/8 | - | - | - | €15 | €15 | €15 | - | - | - |
| Trade debts44 | €0.01m | €0.01m | €0.007m | €0.01m | €0.009m | €0.008m | €0.004m | €0.1m | ▲ 2,432% |
| Suppliers440/4 | - | - | - | €0.01m | €0.009m | €0.008m | €0.004m | €0.1m | ▲ 2,432% |
| Taxes, remuneration and social security45 | - | - | - | €0.006m | €0.007m | €0.01m | €0.008m | - | - |
| Remuneration and social security454/9 | - | - | - | €0.006m | €0.007m | €0.01m | €0.008m | - | - |
| Other amounts payable47/48 | - | - | - | - | - | - | €0.005m | €0.2m | ▲ 4,560% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €0.003m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,626 | €56,240 | €70,022 | €29,631 | €32,105 | €49,347 | €23,731 | €243,238 | ▲ 925% |
| + Depreciation and write-downs630 | €15,900 | €15,352 | €15,276 | €13,213 | €15,178 | €15,025 | €19,162 | €29,569 | ▲ 54.3% |
| Operating cash flow (approximation) | €51,526 | €71,591 | €85,298 | €42,844 | €47,283 | €64,371 | €42,894 | €272,807 | ▲ 536% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€14,425 | €0 | €0 | -€49,115 | -€266,913 | ▼ 443% |
| Change in cash | - | -€15,701 | €3,764 | €19,241 | -€16,297 | €11,518 | -€3,483 | €36,279 | ▲ 1,142% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 4,685 companies in this sector we hold annual accounts for 3,258. 2,398 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €463 awarded · €1,063 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €81 | €81 |
| 2024 | 1 | €96 | €696 |
| 2023 | 1 | €147 | €147 |
| 2022 | 1 | €139 | €139 |