SOFINGES
ActiveSummary
SOFINGES has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €250k and a net result of €-780. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 19% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability52▼-25
Solvency40▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.93 in 2023; short-term debt: 58.9% and cash: 6% of total assets), and 85.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
14.7%
Return on assets
0%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 5989 sector peers (2024).
NBB · sector comparisonPosition among 5989 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
30 d early
2022
35 d early
2021
30 d early
2020
37 d early
2019
42 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-780
2023 · €121k
2018: €59k
2019: €54k
2020: €121k
2021: €132k
2022: €136k
2023: €121k
2018 → 2024
Working capital
€6k
2023 · €-78k
2018: €-115k
2019: €-148k
2020: €-178k
2021: €-137k
2022: €-88k
2023: €-78k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€222k-€234k▲ 5.5%€250k▲ 6.9%€251k▲ 0.4%€250k▼ 0.3%
Operating result€181k-€208k▲ 15.0%€229k▲ 10.1%€221k▼ 3.6%€41k▼ 81.4%
Net result€121k-€132k▲ 8.9%€136k▲ 2.9%€121k▼ 11.1%€-780
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 81% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.70M
Fixed assets
€691k ▼ 12.8%
Current assets
€1.01M ▼ 4.4%
Equity and liabilities €1.70M
Equity
€250k ▼ 0.3%
Debt
€1.45M ▼ 9.2%
Debt's share of the balance-sheet total falls from 86.4% to 85.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€203k▼
2023 · €375k
Cash flow
€161k▼
2023 · €275k
Current ratio
1.01▲
2023 · 0.93
Quick ratio
0.18▼
2023 · 0.27
Debt to equity
5.79▼
2023 · 6.35
ROE
-0.3%▼
2023 · 48.1%
ROA
0.0%▼
2023 · 6.5%
Interest coverage
4.00▼
2023 · 7.68
Debt ≤ 1 year
€1,000k▼
2023 · €1.13M
Debt > 1 year
€447k▼
2023 · €463k
Income taxes
€7k▼
2023 · €66k
Staff costs
€437k▼
2023 · €465k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 61 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.84M€1.70M▼
Fixed assets21/28€792k€691k▼
Tangible fixed assets22/27€792k€691k▼
Land and buildings22€678k€600k▼
Furniture and vehicles24€111k€90k▼
Leasing and similar rights25€3k€837▼
Financial fixed assets28€144€344▲
Current assets29/58€1.05M€1.01M▼
Stocks and contracts in progress3€752k€828k▲
Stocks30/36€752k€828k▲
Amounts receivable within one year40/41€284k€71k▼
Trade receivables40€281k€36k▼
Other amounts receivable41€3k€35k▲
Cash at bank and in hand54/58€9k€102k▲
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.84M€1.70M▼
Equity10/15€251k€250k▼
Contributions10/11€175k€175k=
Capital10€175k€175k=
Issued capital100€175k€175k=
Reserves13€17k€17k=
Non-distributable reserves130/1€17k€17k=
Legal reserve130€17k€17k=
Profit (loss) carried forward14€58k€58k▼
Amounts payable17/49€1.59M€1.45M▼
Amounts payable after more than one year17€463k€447k▼
Financial debts170/4€269k€210k▼
Other amounts payable178/9€195k€236k▲
Amounts payable within one year42/48€1.13M€1,000k▼
Current portion of amounts payable after more than one year42€99k€81k▼
Financial debts43€400k€400k=
Credit institutions430/8€400k€400k=
Trade debts44€412k€462k▲
Suppliers440/4€412k€462k▲
Taxes, remuneration and social security45€99k€56k▼
Taxes450/3€40k€7k▼
Remuneration and social security454/9€58k€49k▼
Other amounts payable47/48€120k-
Accrued charges and deferred income492/3-€490
Income statement
Code20232024
Non-recurring operating income76A€20k-
Remuneration, social security and pensions62€465k€437k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€155k€162k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€747
Provisions for liabilities and charges: additions (uses and reversals)635/8€-6k€-17k▼
Other operating charges640/8€13k€18k▲
Non-recurring operating charges66A€100-
Gross operating margin9900€848k€642k▼
Operating profit (loss)9901€221k€41k▼
Financial income75/76B€15k€15k▲
Recurring financial income75€15k€15k▲
Financial charges65/66B€49k€51k▲
Recurring financial charges65€49k€51k▲
Profit (loss) for the period before taxes9903€187k€6k▼
Income taxes67/77€66k€7k▼
Profit (loss) for the period9904€121k€-780▼
Profit (loss) for the period to be appropriated9905€121k€-780▼
Appropriation of the result
Profit (loss) to be appropriated9906€178k€58k▼
Profit (loss) brought forward from the previous period14P€57k€58k▲
Profit to be distributed694/7€120k-
Return on contributions (dividend)694€120k-
Social balance
Average headcount (FTE)90877.27.0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-780
Net result drops to €-780, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €136k ▲2.9%
Operating result €229k, net result €136k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €200kEq €222k ▲16.3%
3 profitable years in a row build equity to €222k.
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 42 days late
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 8 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 1992
Ground area
4,349 m²
Building footprint
533 m²
Volume, LiDAR
1,910 m³
Parcel 92095B0020/00H002, Wallonia · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NAMUR CARRELAGES
since 19922.055.719.515
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92095B0020/00H002 | Wallonia | 4,349 m² | 1 · 533 m² | 5.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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ALUMAT
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QUINO
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TOP TEGEL 04
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Of 1,803 companies in sector 46831 we hold annual accounts for 1,397. 985 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-01-1992
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.