Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Green is investment, beige is depreciation.
The 2022 accounts came latest: 241 days after the end of the period.
Lower solvency than 95% of companies in specialised construction. Sector median 43.1% · 9,273 companies.
In July 2024, 6,007 companies had the same profile as SOFLEX has now. Each dot stands for 16 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,007 companies, not a prediction for SOFLEX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| SOFLEX Liège | €10,733 | -€4,211 | -76.0% | - |
| WAL & ROB Visé | €10,210 | -€9,184 | -58.5% | - |
| LPI Fleurus | €11,082 | €620 | 5.3% | - |
| En3 Safety Aalst | €10,823 | -€730 | 75.9% | - |
| BSD Service Zelzate | €10,067 | -€14,150 | -394.0% | - |
| DOMUTRON Lede | €9,593 | €592 | 55.0% | - |
| Smart Logic Systems Charleroi | €10,235 | -€158 | 35.1% | - |
These companies have the same main activity as SOFLEX: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €9,590 and €11,100, founded between 2021 and 2022.
SOFLEX files the abbreviated format. That format states no turnover. The gross margin fell from -€3,015 in 2022 to -€4,211 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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