Losses
-€773,005 in six years
Every financial year from 2018 to 2023 closed with a loss. 2019 was the heaviest.
SOFITTO
Overview
Lifetime
6 annual accounts with figures on one time axisGross marginpeak -€694 (2020)
-€11,817▼ €3,471
Resultlowest -€399,566 (2019)
-€29,010▼ €3,846
Equitypeak -€70,933 (2018)
-€611,005▼ €29,010
Debts
€667,566▲ 2.8%
Staffpeak 2 FTE (2019)
-not published
Board1 name since 2016
1 directorVASYLCHENKO OLEKSANDR
Documentsfilings and deeds
30-04-2024on the last day
2023micro format
Gross margin from -€8,346 to -€11,817Loss of €29,010
Key points
from the 2023 annual accounts, the last ones filedDebts
€667,566 1,180% of the balance sheet
Financial debts 65%Suppliers 23%Taxes and wages 2%Other 9%
Of this, €226,948 falls due within a year.
Filings
6 annual accounts 1 late
The 2022 accounts came 23 days late. The other five were filed on time.
No scoreTurnover not published (micro format)
Recent changes
Bankruptcy closure (insufficient assets)
Enterprise Court of Leuven · judgment of 15-01-2026 · Bankruptcy
Bankruptcy published
Enterprise Court of Leuven · judgment of 23-01-2025 · Bankruptcy
Registered office moved from Leuven to Kessel-Lo
New registered office: Lodreef 17, 3010 Kessel-Lo · Previous registered office: Trolieberg 19, 3010 Leuven · General meeting of 01-03-2024 · Gazette deed
Incorporation
5 publications in the Belgian Official Gazette, the last on 20-01-2026 · Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 10-11-2016 · bankruptcy closed on 15-01-2026
- Activity
- No activity registered in the KBO
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Annual accounts to 30-09-2023
- Gross margin
- -€11,817▼ 41.6%
- Loss
- €29,010▲ 15.3%
- Equity
- -€611,005▼ 5.0%
- Total assets
- €56,561▼ 15.8%
- Filing
- Filed on 30-04-2024
Insights on SOFITTO
On 23 January 2025 the court declared SOFITTO bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2023
micro format, filed on 30-04-2024, on the day of the deadlineGross margin
-€11,817
▼ €3,471
Operating result
-€21,020
▼ €3,576
Loss
-€29,010
▼ €3,846
Working capital
-€191,933
▼ €10,168
Solvency
-
Current ratio
0.15
▼ 0.01
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €56,561 on 30-09-2023What the company ownsHow it is paid for
Change in equityin euro
Change in cashin euro
Staff
Staff cost per FTE
Staff costs divided by the average number of full-time equivalents.
Joined and left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
Total assets20/58 |
56,561 | 67,203 | 85,058 | 122,360 | 109,016 | 83,014 | |
Fixed assets21/28 |
21,546 | 30,532 | 39,630 | 50,459 | 46,607 | 53,006 | |
Intangible fixed assets21 |
21,546 | 30,532 | 39,517 | 48,503 | 42,426 | 48,399 | |
Tangible fixed assets22/27 |
- | 0 | 112 | 1,956 | 4,181 | 4,607 | |
Plant, machinery and equipment23 |
- | 0 | 29 | 154 | 278 | 403 | |
Furniture and vehicles24 |
- | 0 | 84 | 1,802 | 3,903 | 4,204 | |
Current assets29/58 |
35,015 | 36,672 | 45,429 | 71,901 | 62,409 | 30,008 | |
Stocks and contracts in progress3 |
30,585 | 30,611 | 30,359 | 30,450 | - | - | |
Stocks30/36 |
30,585 | 30,611 | 30,359 | 30,450 | - | - | |
Amounts receivable within one year40/41 |
578 | 439 | 2,231 | 13,678 | 43,071 | 26,945 | |
Trade receivables40 |
- | 0 | 1,672 | 11,168 | 12,151 | 25,874 | |
Other amounts receivable41 |
578 | 439 | 560 | 2,510 | 30,920 | 1,072 | |
Cash at bank and in hand54/58 |
3,745 | 5,258 | 12,838 | 26,544 | 19,338 | 3,040 | |
Deferred charges and accrued income490/1 |
107 | 363 | 0 | 1,229 | 0 | 22 | |
| Balance sheet: equity and liabilities | |||||||
Total equity and liabilities10/49 |
56,561 | 67,203 | 85,058 | 122,360 | 109,016 | 83,014 | |
Equity10/15 |
-611,005 | -581,995 | -556,831 | -512,171 | -470,500 | -70,933 | |
Contributions10/11 |
162,000 | 162,000 | 162,000 | 162,000 | 75,609 | 75,609 | |
Capital10 |
75,609 | 75,609 | - | - | - | - | |
Issued capital100 |
75,609 | 75,609 | 75,609 | 75,609 | 75,609 | 75,609 | |
Contributions outside capital11 |
86,391 | 86,391 | 86,391 | 86,391 | 86,391 | 86,391 | |
Share premium1100/10 |
86,391 | 86,391 | 86,391 | 86,391 | 86,391 | 86,391 | |
Profit (loss) carried forward14 |
-773,005 | -743,995 | -718,831 | -674,171 | -632,500 | -232,933 | |
Amounts payable17/49 |
667,566 | 649,198 | 641,889 | 634,531 | 579,516 | 153,947 | |
Amounts payable after more than one year17 |
437,117 | 429,297 | 421,782 | 414,545 | 332,991 | 100,000 | |
Financial debts170/4 |
437,117 | 429,297 | 421,782 | 414,545 | 332,991 | 100,000 | |
Amounts payable within one year42/48 |
226,948 | 218,437 | 217,246 | 219,413 | 246,341 | 53,947 | |
Financial debts43 |
- | - | - | - | 0 | 20,000 | |
Credit institutions430/8 |
- | - | - | - | 0 | 20,000 | |
Trade debts44 |
154,428 | 152,588 | 152,196 | 158,098 | 165,912 | 23,429 | |
Suppliers440/4 |
154,428 | 152,588 | 152,196 | 158,098 | 165,912 | 23,429 | |
Advances received on contracts in progress46 |
- | - | - | 0 | 211 | - | |
Taxes, remuneration and social security45 |
13,145 | 13,169 | 13,145 | 48,223 | 71,686 | 3,527 | |
Taxes450/3 |
0 | 23 | 0 | 732 | - | - | |
Remuneration and social security454/9 |
13,145 | 13,145 | 13,145 | 47,491 | 71,686 | 3,527 | |
Other amounts payable47/48 |
59,374 | 52,680 | 51,905 | 13,091 | 8,533 | 6,990 | |
Accrued charges and deferred income492/3 |
3,502 | 1,464 | 2,861 | 573 | 183 | - | |
| Income statement | |||||||
Gross operating margin9900 |
-11,817 | -8,346 | -5,390 | -694 | -240,840 | -101,258 | |
Remuneration, social security and pensions62 |
-130 | 0 | 11,825 | 18,505 | 139,602 | 112,809 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
8,986 | 9,098 | 10,829 | 11,211 | 8,910 | 14,628 | |
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 |
- | 0 | 8,596 | - | - | - | |
Other operating charges640/8 |
348 | 0 | 348 | 4,565 | 4,115 | 3,967 | |
Operating profit (loss)9901 |
-21,020 | -17,444 | -36,988 | -34,976 | -393,467 | -232,662 | |
Financial income75/76B |
13 | 0 | 1 | 5 | 46 | 33 | |
Recurring financial income75 |
13 | 0 | 1 | 5 | 46 | 33 | |
Financial charges65/66B |
8,003 | 7,721 | 7,673 | 6,701 | 6,146 | 304 | |
Recurring financial charges65 |
8,003 | 7,721 | 7,673 | 6,701 | 6,146 | 304 | |
Profit (loss) for the period before taxes9903 |
-29,010 | -25,164 | -44,659 | -41,672 | -399,566 | -232,933 | |
Profit (loss) for the period9904 |
-29,010 | -25,164 | -44,659 | -41,672 | -399,566 | -232,933 | |
Profit (loss) for the period to be appropriated9905 |
-29,010 | -25,164 | -44,659 | -41,672 | -399,566 | -232,933 | |
| Appropriation of the result | |||||||
Profit (loss) to be appropriated9906 |
-773,005 | -743,995 | -718,831 | -674,171 | -632,500 | -232,933 | |
Profit (loss) brought forward from the previous period14P |
-743,995 | -718,831 | - | - | - | - | |
| Social balance sheet | |||||||
Average staff (FTE)9087 |
- | - | 0 | 1 | 2 | 1.5 | |
Hours worked1013 |
- | - | 0 | 1,780 | 3,425 | 4,997 | |
| Document | |||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2023 (PDF), filed on 30-04-2024.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2023 | micro format | 30-04-2024 | 2024-00082721 | |
| 30-09-2022 | micro format | 23-05-2023 | 2023-00093717 | |
| 30-09-2021 | micro format | 07-03-2022 | 2022-07500466 | |
| 30-09-2020 | micro format | 17-03-2021 | 2021-07800143 | |
| 30-09-2019 | micro format | 27-02-2020 | 2020-05800006 | |
| 30-09-2018 | micro format | 25-02-2019 | 2019-05800271 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| EBITDA | -12,035 | -8,346 | -26,158 | -23,765 | -384,557 | -218,034 | |
| Cash flow | -20,025 | -16,066 | -33,830 | -30,461 | -390,657 | -218,305 | |
| Investment in fixed assets (approximation) | 0 | 0 | 0 | 15,063 | 2,511 | 67,635 | |
| Change in cash | -1,513 | -7,580 | -13,706 | 7,206 | 16,298 | - | |
| Working capital | -191,933 | -181,765 | -171,818 | -147,512 | -183,932 | -23,940 | |
| Solvency | - | -866.0% | -654.6% | -418.6% | -431.6% | -85.4% | |
| Current ratio | 0.15 | 0.17 | 0.21 | 0.33 | 0.25 | 0.56 | |
| Quick ratio | 0.02 | 0.03 | 0.07 | 0.19 | 0.25 | 0.56 | |
| ROA | -51.3% | -37.4% | -52.5% | -34.1% | -366.5% | -280.6% | |
| Interest coverage | -1.50 | -1.08 | - | - | - | - |
A ratio outside any meaningful range has been withheld (balance sheet total €56,561, equity -€611,005).
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Insights on SOFITTO
The operating result for 2023 is a loss of €21,020, larger than the loss of €17,444 in 2022.
Equity is negative. Debt (€667,566) exceeds the balance-sheet total (€56,561).
Board & ownership
Curator
1 mandateCurator, Olv Broedersstraat 3, 3300 Tienen
from 23-01-2025 to 15-01-2026
Also on 178 other cases
Last board
1 directorVASYLCHENKO OLEKSANDR
Director
since 08-11-2016
listed in the 2023 annual accounts, filed on 30-04-2024
Mandates through the years
1 name, the dashed line is todayVASYLCHENKO OLEKSANDR
Director
Director
BoardBankruptcy 23-01-2025
Mandates as a list
- VASYLCHENKO OLEKSANDR
- Director, from 08-11-2016, until the bankruptcy of 23-01-2025
Control
Capital
- Capital
- €75,609
- Source
- 2023 annual accounts
Network & group
No group
SOFITTO has no parent and no holdings in its annual accounts. VASYLCHENKO OLEKSANDR is the only director. SOFITTO shares no director with another company.
Timeline
Timeline
11 events since 2016Filings
Financial
Insolvency
Address
201620182020202220242026
2026
Bankruptcy closure (insufficient assets) Enterprise Court of Leuven · judgment of 15-01-2026
2025
Bankruptcy published Enterprise Court of Leuven · judgment of 23-01-2025
2024
Annual accounts 2023 filed PDFmicro format · on the deadline day
Registered office moved from Leuven to Kessel-LoNew registered office: Lodreef 17, 3010 Kessel-Lo · Previous registered office: Trolieberg 19, 3010 Leuven · General meeting of 01-03-20242 points ▸
- General meeting, 01-03-2024
- Registered-office move, Lodreef 17, 3010 Kessel-Lo
2023
Annual accounts 2022 filed PDFmicro format · 23 days late
2022
Annual accounts 2021 filed PDFmicro format · 54 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 44 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 63 days before the deadline
2019
Weakest financial year net -€399,566 The net result drops to -€399,566, the lowest from 2018 to 2023.
Annual accounts 2018 filed PDFmicro format · 64 days before the deadline
2016
Incorporation PDF5 publications in the Belgian Official Gazette, the last on 20-01-2026
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
SOFITTO is no longer in the KBO register.
- Last annual accounts
- financial year to 30 September 2023
- Last registered office
- Trolieberg 19, 3010 Kessel Lo (Leuven)as published on 22 March 2024
- Legal form
- Public limited company
- First annual accounts
- financial year 2018