SOFKOA
ActiveSummary
SOFKOA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €139k and a net result of €40k. Equity is shrinking by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▲+10
Solvency73▲+16
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.23 in 2023; short-term debt: 26.8% and cash: 0.4% of total assets), and 51.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €139k
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 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
37 d early
2022
48 d early
2021
39 d early
2020
102 d early
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€139k▲ 40.2%
2023 · €99k
Total assets
€288k▼ 7.3%
2023 · €310k
Net result
€40k▲ 133%
2023 · €17k
Working capital
€-61k▲ 34.5%
2023 · €-93k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-68k€-76k▼ 12.4%€26k€24k▼ 9.4%€49k▲ 104%
Net result€-65k€-76k▼ 18.2%€22k€17k▼ 22.4%€40k▲ 133%
Equity€136k▼ 32.1%€60k▼ 56.0%€82k▲ 36.7%€99k▲ 20.9%€139k▲ 40.2%
Total assets€389k▼ 12.4%€335k▼ 13.9%€357k▲ 6.7%€310k▼ 13.1%€288k▼ 7.3%
Debt€253k▲ 3.9%€275k▲ 8.8%€275k▲ 0.2%€211k▼ 23.2%€149k▼ 29.6%
Working capital€-2k€-133k▼ 5,596%€-113k▲ 15.3%€-93k▲ 18.0%€-61k▲ 34.5%
Staff (FTE)2▲ 122%2.7▲ 35.0%1▼ 63.0%0.7▼ 30.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 104% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €288k
Fixed assets
€271k ▼ 3.8%
Current assets
€16k ▼ 41.9%
Equity and liabilities €288k
Equity
€139k ▲ 40.2%
Debt
€149k ▼ 29.6%
Debt's share of the balance-sheet total falls from 68.1% to 51.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60k▲
2023 · €35k
Cash flow
€51k▲
2023 · €28k
Current ratio
0.21▼
2023 · 0.23
Debt to equity
1.07▼
2023 · 2.14
ROE
28.7%▲
2023 · 17.3%
ROA
13.8%▲
2023 · 5.5%
Interest coverage
12.62▲
2023 · 7.42
Debt ≤ 1 year
€77k▼
2023 · €121k
Debt > 1 year
€72k▼
2023 · €85k
Income taxes
€4k▲
2023 · €2k
Staff costs
€0▼
2023 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €58k | €33k | €17k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €14k | €12k | €11k | €11k | ▼ 2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-5k | €0 | - | - |
| Other operating charges640/8 | - | €2k | €2k | €3k | €3k | ▲ 4.1% |
| Gross operating margin9900 | €-7k | €-2k | €68k | €55k | €62k | ▲ 14.2% |
| Operating profit (loss)9901 | €-68k | €-76k | €26k | €24k | €49k | ▲ 104% |
| Financial income75/76B | - | €2k | €1 | €6 | €0 | ▼ 92.9% |
| Recurring financial income75 | €65 | €2k | €1 | €6 | €0 | ▼ 92.9% |
| Financial charges65/66B | - | €1k | €2k | €5k | €5k | ▲ 0.4% |
| Recurring financial charges65 | €-3k | €1k | €2k | €5k | €5k | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | €-64k | €-76k | €25k | €19k | €44k | ▲ 130% |
| Income taxes67/77 | €387 | €449 | €3k | €2k | €4k | ▲ 105% |
| Profit (loss) for the period9904 | €-65k | €-76k | €22k | €17k | €40k | ▲ 133% |
| Profit (loss) for the period to be appropriated9905 | €-65k | €-76k | €22k | €17k | €40k | ▲ 133% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €389k | €335k | €357k | €310k | €288k | ▼ 7.3% |
| Fixed assets21/28 | €319k | €305k | €293k | €282k | €271k | ▼ 3.8% |
| Tangible fixed assets22/27 | €319k | €305k | €293k | €282k | €271k | ▼ 3.8% |
| Land and buildings22 | - | €304k | €293k | €282k | €271k | ▼ 3.8% |
| Furniture and vehicles24 | - | €1k | €230 | €0 | - | - |
| Current assets29/58 | €70k | €30k | €64k | €28k | €16k | ▼ 41.9% |
| Amounts receivable within one year40/41 | €8k | €25k | €41k | €11k | €13k | ▲ 20.6% |
| Trade receivables40 | - | €24k | €40k | €11k | €13k | ▲ 19.9% |
| Other amounts receivable41 | - | €1k | €1k | €6 | €88 | ▲ 1,399% |
| Cash at bank and in hand54/58 | €4k | €3k | €22k | €14k | €1k | ▼ 91.5% |
| Deferred charges and accrued income490/1 | - | €2k | €1k | €3k | €2k | ▼ 27.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €389k | €335k | €357k | €310k | €288k | ▼ 7.3% |
| Equity10/15 | €136k | €60k | €82k | €99k | €139k | ▲ 40.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €13k | €13k | €63k | €80k | €120k | ▲ 49.5% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €11k | €63k | €80k | €120k | ▲ 49.5% |
| Profit (loss) carried forward14 | €105k | €29k | - | - | - | - |
| Amounts payable17/49 | €253k | €275k | €275k | €211k | €149k | ▼ 29.6% |
| Amounts payable after more than one year17 | €180k | €112k | €98k | €85k | €72k | ▼ 15.6% |
| Financial debts170/4 | - | €112k | €98k | €85k | €72k | ▼ 15.6% |
| Amounts payable within one year42/48 | €72k | €163k | €177k | €121k | €77k | ▼ 36.2% |
| Current portion of amounts payable after more than one year42 | - | €13k | €13k | €13k | €13k | = |
| Trade debts44 | €8k | €6k | €3k | €8k | €7k | ▼ 16.2% |
| Suppliers440/4 | - | €6k | €3k | €8k | €7k | ▼ 16.2% |
| Taxes, remuneration and social security45 | - | €19k | €21k | €9k | €7k | ▼ 17.6% |
| Taxes450/3 | - | €5k | €16k | €9k | €7k | ▼ 17.6% |
| Remuneration and social security454/9 | - | €13k | €5k | €0 | - | - |
| Other amounts payable47/48 | - | €125k | €140k | €91k | €50k | ▼ 45.1% |
| Accrued charges and deferred income492/3 | - | - | - | €5k | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-65k | €-76k | €22k | €17k | €40k | ▲ 133% |
| + Depreciation and write-downs630 | €22k | €14k | €12k | €11k | €11k | ▼ 2.1% |
| Operating cash flow (approximation) | €-43k | €-62k | €34k | €28k | €51k | ▲ 80.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-2k | €19k | €-8k | €-13k | ▼ 72.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €40k ▲133%
Operating result €49k, net result €40k, both a record.
31-12
Financial
Equity above €100kEq €139k ▲40.2%
3 profitable years in a row build equity to €139k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €22k
Net result €22k after 2 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-76k
Net result drops to €-76k, the lowest in the series; recovery starts the following year.
20-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Equity above €200kEq €201k ▲10.5%
2 profitable years in a row build equity to €201k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Show earlier events
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 2009
Ground area
835 m²
Building footprint
150 m²
Volume, LiDAR
820 m³
Parcel 44061A0227/00S004, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SOFKOA
since 20092.183.371.218
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44061A0227/00S004 | Flanders | 834 m² | 1 · 149 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 15,390 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
58290Other software publishing
74301Translation services
93192Activities of independent sportspeople
Scores and ratios are computed by Checked and are not a credit decision.