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SOFKA

In bankruptcy Private limited company (pre-2019)founded 2013KBO/BCE: BE 0537.990.506
SOFKA
Financial year 2021
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Annual accounts 2021

micro format, filed on 25-11-2022, 117 days late
Gross margin
€710,898
▲ 32.5%
Operating result
€52,719
▲ 50.6%
Profit
€44,582
▲ 40.0%
Working capital
-€20,069
▲ €12,328
Solvency
23.6%
▼ 14.3 percentage points
Current ratio
0.96
▲ 0.12

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.6m. Estimated: probably between €1.4m and €2.0m.

Balance sheet

balance sheet total €734,968 on 31-12-2021
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency23.6%

Higher than 33% of 4,852 companies in 2021.

Current ratio0.96

Higher than 31% of 4,606 companies in 2021.

Return on assets6.1%

Higher than 47% of 4,700 companies in 2021.

SOFKA Middle half of the sector 80% of the sector Micro accounts in land transport (NACE 49)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter

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 Trend20212020201920182017201620152014
Balance sheet: assets
Total assets20/58 734,968339,937441,313346,478188,054163,766202,85462,194
Fixed assets21/28 200,645169,032152,504104,69751,44568,09615,974-
Tangible fixed assets22/27 186,943159,614143,08695,27947,64564,29615,974-
Plant, machinery and equipment23 --230460690920--
Furniture and vehicles24 139,64382,76836,46247,64316,68022,240--
Leasing and similar rights25 47,300-------
Financial fixed assets28 13,7019,4189,4189,4183,8003,800--
Current assets29/58 534,324170,904288,810241,782136,60895,669186,88062,194
Amounts receivable within one year40/41 135,522111,423198,374240,451120,66272,440159,48733,982
Trade receivables40 103,16868,180144,763176,71983,35444,849149,18633,372
Other amounts receivable41 32,35443,24353,61163,73237,30827,59110,301610
Current investments50/53 ---1,256----
Cash at bank and in hand54/58 11,95259,4817,9867515,94723,22927,39328,212
Deferred charges and accrued income490/1 386,850-82,450-----
Balance sheet: equity and liabilities
Total equity and liabilities10/49 734,968339,937441,313346,478188,054163,766202,85462,194
Equity10/15 173,342128,760-58,007112,22281,98878,79681,33233,404
Contributions10/11 18,60018,60012,40012,40012,40012,40012,40012,400
Capital10 18,600-------
Issued capital100 18,60018,60018,60018,60018,60018,60018,60018,600
Uncalled capital101 --6,2006,2006,2006,2006,2006,200
Reserves13 3,4473,4473,4473,4473,4473,4473,447-
Non-distributable reserves130/1 3,4473,447------
Legal reserve130 3,4473,4473,4473,4473,4473,4473,447-
Profit (loss) carried forward14 151,296106,713-73,85496,37666,14162,94965,48521,004
Amounts payable17/49 561,626211,177499,320234,256106,06684,970121,52228,790
Amounts payable after more than one year17 7,2337,87673,11338,2858,72545,73110,829-
Financial debts170/4 7,2337,87673,11338,2858,72545,73110,829-
Amounts payable within one year42/48 554,393203,301426,208179,80097,34139,239110,69328,790
Current portion of amounts payable after more than one year42 19,33627,04129,30121,97329,93216,5694,669-
Trade debts44 22,42995,565362,022157,82766,81917,04926,70720,661
Suppliers440/4 22,42995,565362,022157,82766,81917,04926,70720,661
Advances received on contracts in progress46 -----5,62179,3174,816
Taxes, remuneration and social security45 512,62780,69534,885----3,313
Taxes450/3 412,7755,565471----3,313
Remuneration and social security454/9 99,85275,13034,414-----
Other amounts payable47/48 ----590---
Accrued charges and deferred income492/3 ---16,171----
Income statement
Non-recurring operating income76A ----4,692---
Gross operating margin9900 710,898536,559-15,36192,19242,92934,20356,51421,117
Remuneration, social security and pensions62 567,168419,33660,756-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 57,28777,61658,78737,54316,65118,5132,887-
Other operating charges640/8 33,7244,59615,39016,9368,42810,0271,66189
Non-recurring operating charges66A --4,52781----
Operating profit (loss)9901 52,71935,011-150,29437,71317,8505,66351,96621,028
Financial income75/76B ---1,0074,692486108-
Recurring financial income75 ---1,007-486108-
Non-recurring financial income76B ----4,692---
Financial charges65/66B 6,3243,16811,4954,737-1,93653924
Recurring financial charges65 6,3243,1686,9684,655-1,93653924
Non-recurring financial charges66B --4,52781----
Profit (loss) for the period before taxes9903 46,39531,843-161,78933,98322,5424,21351,53521,004
Income taxes67/77 1,813-8,4413,74819,3506,7503,607-
Profit (loss) for the period9904 44,58231,843-170,23030,2353,192-2,53747,92821,004
Profit (loss) for the period to be appropriated9905 44,58231,843-170,23030,2353,192-2,53747,92821,004
Appropriation of the result
Profit (loss) to be appropriated9906 151,296106,713-73,85496,37666,14162,94968,93221,004
Profit (loss) brought forward from the previous period14P 106,713-------
Transfer to equity691/2 ------3,447-
To the legal reserve6920 ------3,447-
Social balance sheet
Average staff (FTE)9087 -13------
Hours worked1013 -20,586------
Document PDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 7 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 2021 (PDF), filed on 25-11-2022.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2021 annual accounts filed 117 days after the deadline. Filed on 25 November 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20525789.

Financial year Type Filed Reference Document
31-12-2021 micro format 25-11-2022 2022-20525789 PDF
31-12-2020 micro format 13-10-2021 2021-72100016 PDF
31-12-2019 full format 07-12-2020 2020-74800512 PDF
31-12-2018 full format 29-10-2019 2019-71800025 PDF
31-12-2017 full format 23-08-2018 2018-49300244 PDF
31-12-2016 full format 19-03-2018 2018-07000479 PDF
31-12-2015 full format 23-09-2016 2016-61300313 PDF
31-12-2014 full format 16-09-2015 2015-58800422 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20212020201920182017201620152014
EBITDA 110,006112,626-91,50775,25634,50124,17654,853-
Cash flow 101,869109,459-111,44367,77819,84315,97650,815-
Investment in fixed assets (approximation) 88,89994,145111,12090,795070,63418,861-
Change in cash -47,52951,4957,911-15,872-7,282-4,164-819-
Working capital -20,069-32,397-137,39861,98239,26756,43176,18733,404
Solvency 23.6%37.9%-13.1%32.4%43.6%48.1%40.1%53.7%
Current ratio 0.960.840.681.341.402.441.692.16
Debt to equity 3.241.64-2.091.291.081.490.86
ROE 25.7%24.7%-26.9%3.9%-3.2%58.9%62.9%
ROA 6.1%9.4%-38.6%8.7%1.7%-1.5%23.6%33.8%
Interest coverage 17.39-------

EBIT margin: not included in this filing.

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.

Investments

fixed assets acquired
Item2021
Tangible fixed assets€84,616
Financial fixed assets€4,283
Depreciation and write-downs of the year€57,287

Source: notes to the 2021 annual accounts (statement of fixed assets)

Insights on SOFKA

The operating result for 2021 is 51% higher than in 2020 and the highest since 2014. It is the second rise in a row, after the fall in 2019.

Debt's share of the balance-sheet total rises from 62.1% to 76.4%. Equity and debt are higher.

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