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SOFOGEST

Active Public limited companyfounded 1994active for 32 yearsK.M.-Hendrikalaan 1A, 1190 ForestKBO/BCE: BE 0453.595.160
SOFOGEST
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Overview

Lifetime

19 annual accounts with figures on one time axis, 29 filings since 1995
Gross marginpeak €400,966 (2023)
€117,834▲ 272%
Resultlowest -€64,713 (2021)
€58,549▲ €101,722
Equitypeak €578,384 (2023)
€572,676▲ 7.0%
Debts
€351,429▲ 2.9%
Staffpeak 0.8 FTE (2009)
-not published
Board2 names since 2017
2 directorsBIENERT ENTERPRISE and 1 other
Owners
  
Documentsfilings and deeds
04-02-20264 days late
2025micro format
Gross margin from €31,674 to €117,834Back to profit: €58,5492 directors reappointed 11-09Cash from €38,740 to €225,169

Key points

from the 2025 annual accounts

Result

€58,549 €58,549
-€43,2002024€58,5002025

Back in profit in 2025, after a loss of €43,174 in 2024.

Liquidity

4.15 was 2.58 in 2024

Short-term debts rose from €112,296 to €184,169.

Position in the sector

€572,676

More equity than 93% of companies in advertising and market research. Sector median €58,865 · 8,600 companies.

2025 accounts filed 4 days after the deadline

Checked score

94
Excellent
Financially stronger than 55% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: 0.1%▲ +0.1 percentage points vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.2%▲ +0.1 percentage points vs 12-2025 02-2026: 0.3%▲ +0.1 percentage points vs 01-2026highest value 03-2026: < 0.1%▼ -0.3 percentage points vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

Solvency
78+1equity 52.8% of total assets
Liquidity
72+18short-term debt 17.0% · cash 20.8%
Profitability
75+39return on assets 5.4%

Score breakdown

lowers risk
Liquidity: current ratio 4.15, cash €225,169
Size: total assets €1.1m
Equity €572,676 (52.8% of total assets)
Founded in 1994
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 51% of them on solvency, 64% on liquidity, 47% on profitability and 57% on growth.

The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-06-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 20,136 companies had the same profile as SOFOGEST has now. Each dot stands for 51 companies, two years later.

95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of SOFOGEST itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3.0% 3.1%
10 5.6% 6.2%

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 20,136 companies, not a prediction for SOFOGEST. 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.

Credit verdict

Credit of up to €50,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 4.15 (2.58 in 2024), above the usual 1.5. Short-term debt is 17% and cash 20.8% of total assets. 47.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 4.15, cash €225,169
NBB · annual accounts
lowers risk · Size: total assets €1.1m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €572,676 (52.8% of total assets)
NBB · annual accounts
lowers risk · Founded in 1994
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-02-2026, 4 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
4 days late
2024
1 day early
2023
on the day
2022
on the day
2021
2 days early
2020
2 days early
2019
51 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end06-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

BE
BIENERT ENTERPRISE
Managing director, Philip Staes
LV
Luc van de Vondervoort
Director, since 11-02-2017

Shares in 1 company, ECC-KEUR

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0453595160
2 directors reappointed BIENERT ENTERPRISE bv (managing director) and Luc van de Vondervoort · Permanent representative: Philip Staes · General meeting of 30-12-2024 · Gazette deed
2 directors reappointed BIENERT ENTERPRISE bv (managing director) and Luc van de Vondervoort · Permanent representative: Philip Staes · General meeting of 14:30, 14:00 · Gazette deed
First establishment SOFOGEST NV, K.M.-Hendrikalaan 1 A, Forest
All 45 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
SOFOGEST Forest €1.1m €117,834 52.8% -
Institut International pour la Recherche et la Coopération Schaerbeek €1.0m €151,406 12.1% -
PRODUCTION OF VISUAL COMMUNICATION EVENTS Herent €1.2m €114,179 35.3% -
INFORMATIC CENTER BELGIUM Bilzen-Hoeselt €0.9m €98,834 29.0% -
ACTIV ELECTRO Bruges €1.3m €106,414 70.8% 1
FOREIGN OFFICE Forest €1.3m €92,773 43.2% 0.1
BLUEBELL Ixelles €0.8m €123,428 11.1% -

These companies have the same main activity as SOFOGEST: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €801,000 and €1.3m, founded between 1992 and 1996.

Official details

Source: KBO
Status
Active since 11-10-1994Normal situation
Registered office
12 active companies are registered at this addressSource: KBO register, as of 5 November 2026.
Activity
Market research and public opinion pollingNACE 73200and 1 other
Establishment unit
2.069.396.4161190 Forest, since 16-12-1994
Financial year end
30 June
Peppol
Reachable since 26-11-2025
Company details

Annual accounts to 30-06-2025

Gross margin
€117,834▲ 272%
Turnover
≈ €220,000estimated
Profit
€58,549
Equity
€572,676▲ 7.0%
Total assets
€1.1m▲ 5.6%
Filing
Filed on 04-02-2026
Financials

Insights on SOFOGEST

SOFOGEST files the micro format. That format states no turnover. The gross margin rose from €59,588 in 2006 to €117,834 in 2025.

The balance sheet grew most from 2017 to 2019 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 04-02-2026, 4 days late
Gross margin
€117,834
▲ 272%
Operating result
€73,228
▲ €114,720
Profit
€58,549
▲ €101,722
Working capital
€580,484
▲ 228%
Solvency
52.8%
▲ 0.7 percentage points
Current ratio
4.15
▲ 1.58

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €220,000. Estimated: probably between €160,000 and €430,000.

Balance sheet

balance sheet total €1.1m on 30-06-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency52.8%

Higher than 50% of 8,593 companies in 2025.

Current ratio4.15

Higher than 74% of 8,271 companies in 2025.

Return on assets5.4%

Higher than 39% of 8,380 companies in 2025.

SOFOGEST Middle half of the sector 80% of the sector Micro accounts in advertising and market research (NACE 73)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top 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 Trend2025202420232022202120202019201820172016201420132012201120102009200820072006
Balance sheet: assets
Total assets20/58 1.1m1.0m1.0m961,8171.1m1.1m1.2m1.1m991,020525,531531,381470,077537,466581,343630,373674,845657,176832,068751,561
Fixed assets21/28 319,924737,810775,416930,912984,465944,509971,4401.1m824,892445,965460,512457,770431,636447,017507,239492,774506,703492,626510,927
Tangible fixed assets22/27 315,297721,559759,996916,619959,825921,392950,5771.1m810,658431,808454,673453,516427,985445,044462,513453,632485,884478,795508,415
Land and buildings22 279,152655,915676,961807,881847,166888,294931,3841.1m769,555419,842435,922452,543427,075442,660458,245433,946449,794465,841482,102
Plant, machinery and equipment23 32,85041,92531,67134,41927,27629,3641,697----------1,1231,512
Furniture and vehicles24 3,29523,71951,36474,31885,3833,73417,49631,88741,10411,96618,7519749112,3844,26719,68636,09011,83024,801
Financial fixed assets28 4,62716,25115,41914,29324,64023,11720,86418,48914,23414,1585,8394,2533,6501,97344,72639,14220,81913,8322,512
Current assets29/58 764,653289,279257,29330,905108,129148,119196,03524,415166,12879,56670,86812,307105,831134,326123,134182,070150,473339,442240,634
Amounts receivable within one year40/41 532,911237,26776,575-37,536106,14812,2893,34519,14518,6453,4981,82612,30211,2276,88255,25517,03896,00078,729
Trade receivables40 259,787228,87074,326-37,536106,1149,2582,92219,1451,8581,0193610,24711,2276,88255,2558,07395,98478,433
Other amounts receivable41 273,1258,3982,249--333,031424-16,7872,4791,7902,055---8,96415296
Current investments50/53 ----3,5803,5803,580------------
Cash at bank and in hand54/58 225,16938,740169,98220,16662,38431,708176,41621,036146,94960,92067,2068,4746,90324,8449,9027,5741,58497,394799
Deferred charges and accrued income490/1 6,57313,27110,73610,7404,6296,6833,7503333-1652,00786,62598,255106,350119,241131,851146,049161,106
Balance sheet: equity and liabilities
Total equity and liabilities10/49 1.1m1.0m1.0m961,8171.1m1.1m1.2m1.1m991,020525,531531,381470,077537,466581,343630,373674,845657,176832,068751,561
Equity10/15 572,676535,210578,384355,090391,195455,909470,994353,017285,417214,732177,889106,403103,231102,686100,77197,452115,247110,061101,337
Contributions10/11 125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000
Capital10 125,000125,000125,000125,000---------------
Issued capital100 125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000
Revaluation surpluses12 -21,08321,08339,95839,95839,95839,95839,95839,95839,95839,95839,95839,95839,95839,958----
Reserves13 585,812532,695541,947297,437307,922319,083330,964242,410120,45949,77412,931602602602602602602602602
Non-distributable reserves130/1 12,50012,50012,50012,50012,500--------------
Legal reserve130 12,50012,50012,50012,50012,50012,50012,50012,50012,5008,3513,574--------
Tax-exempt reserves132 465,354412,236421,488176,978218,463229,624241,506152,95231,000----------
Distributable reserves133 107,959107,959107,959107,95976,95976,95976,95976,95976,95941,4249,356602602602602602602602602
Profit (loss) carried forward14 -138,136-143,567-109,646-107,305-81,684-28,132-24,928-54,351----59,157-62,329-62,874-64,789-28,150-10,355-15,541-24,265
Provisions and deferred taxes16 160,472150,404154,29173,64178,04582,73487,72562,796--42,63530,77023,46323,46336,52136,52136,52141,61135,411
Provisions for liabilities and charges160/5 ----------42,63530,77023,46323,46336,52136,52136,52141,61135,411
Deferred taxes168 160,472150,404154,29173,64178,04582,73487,72562,796-----------
Amounts payable17/49 351,429341,474300,034533,085623,353553,985608,757709,098705,603310,799310,857332,904410,772455,194493,081540,871505,408680,396614,813
Amounts payable after more than one year17 153,680215,598246,039366,016366,016395,666460,075633,815361,46778,962145,024167,494340,376372,964305,522348,223390,310404,040441,879
Financial debts170/4 153,680215,598246,039366,016366,016395,666460,075632,691360,34377,838145,024166,370239,252271,840304,428347,006390,062403,792441,631
Other amounts payable178/9 -------1,1241,1241,124-1,124101,124101,1241,0941,218248248248
Amounts payable within one year42/48 184,169112,29653,883166,961256,797158,319142,80374,286343,193230,894165,820165,41070,39682,230187,559192,548115,098276,087172,728
Current portion of amounts payable after more than one year42 --34,74728784,33370,89898,24517,98657,04235,41841,63735,99832,58832,98842,25942,75742,19937,83839,445
Financial debts43 ----------------31,776-26,575
Credit institutions430/8 ----------------31,776-26,575
Trade debts44 175,96373,81010,69396,07520,13051,19544,13731,077121,433129,47915,071127,48937,80846,945140,087133,08939,757232,74636,520
Suppliers440/4 175,96373,81010,69396,07520,13051,19544,13731,077121,433129,47915,071127,48937,80846,945140,087133,08939,757232,74636,520
Advances received on contracts in progress46 ---7,25245,00435,754-25,223----------70,000
Taxes, remuneration and social security45 8,2061,5298,4433,8551,330386421-64,4085,9962,9131,924-2,2965,2121681,3675,502103
Taxes450/3 8,2061,5298,4433,8551,330386421-64,4085,9964644-2,2964,028168-5,502-
Remuneration and social security454/9 ----------2,8661,879--1,184-1,367-103
Other amounts payable47/48 -36,958-59,493106,00085--100,31160,000106,200----16,534--85
Accrued charges and deferred income492/3 13,58013,580111108539-5,87999794394313----100-269206
Income statement
Non-recurring operating income76A --287----195,900-90-1,526--124----
Gross operating margin9900 117,83431,674400,96646,99218,29163,550217,071270,044329,997156,195145,09660,45636,42132,395-9,75472,48969,19175,53459,588
Remuneration, social security and pensions62 ---------7411,98316,61016,713-7015,0783,91032,28021,7494,7404,719
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 35,08352,78356,89464,96061,46658,38659,75966,79155,92047,04026,23918,01817,62019,07932,49532,25133,63029,62032,232
Provisions for liabilities and charges: additions (uses and reversals)635/8 ----------42,63511,8657,307--13,058---5,0906,2004,658
Other operating charges640/8 9,52420,38414,04914,44816,82816,5466,21963,39460,68713,3199,5857,2508,1247,8647,7207,7219,4489,1408,088
Non-recurring operating charges66A ----194----460---------
Operating profit (loss)9901 73,228-41,492330,023-32,416-60,198-11,382151,092139,858213,465126,48980,79611,16810,7473,432-53,8792379,45425,8349,890
Financial income75/76B 359250101-22377251239972481001961840,618712,63439936
Recurring financial income75 359250101-22377251239972481001961840,618712,63439936
Financial charges65/66B 3,4144,2145,6496,4787,7018,3337,9379,4701,83010,1529,5469,46210,36111,68513,35015,86515,98617,49919,201
Recurring financial charges65 3,4144,2145,6496,4787,7018,3337,9379,4701,83010,1529,5469,46210,36111,68513,35015,86515,98617,49919,201
Profit (loss) for the period before taxes9903 70,173-45,456324,475-38,894-67,877-19,679143,881130,399211,674116,06471,4983,332583-8,235-26,487-15,6226,1018,734-9,275
Transfer from deferred taxes780 39,6823,8874,1374,404---------------
Transfer to deferred taxes680 49,750-84,787----------------
Income taxes67/77 1,5561,6041,6571,6161,525397975340,98920,5361316038-10,15010,1532,17391595
Profit (loss) for the period9904 58,549-43,174242,169-36,105-64,713-15,085109,33767,600170,68495,52771,4863,1725451,915-36,640-17,7955,1868,724-9,280
Transfer from tax-exempt reserves789 96,1339,2529,84910,48511,16111,88112,6487,362-----------
Transfer to tax-exempt reserves689 149,251-254,360---92,563129,31431,000----------
Profit (loss) for the period to be appropriated9905 5,431-33,921-2,342-25,620-53,552-3,20429,423-54,351139,68495,52771,4863,1725451,915-36,640-17,7955,1868,724-9,280
Appropriation of the result
Profit (loss) to be appropriated9906 -138,136-143,567-109,646-107,305-81,684-28,132-24,928-54,351139,68495,52712,329-59,157-62,329-62,874-64,789-28,150-10,355-15,541-24,265
Profit (loss) brought forward from the previous period14P -143,567-109,646-107,305-81,684---------------
Transfer to equity691/2 --------39,68435,52712,329--------
To the legal reserve6920 --------4,1494,7763,574--------
To other reserves6921 --------35,53530,7518,754--------
Profit to be distributed694/7 --------100,00060,000---------
Directors or managers695 --------100,00060,000---------
Social balance sheet
Average staff (FTE)9087 ---------0.20.60.6-0.50.10.80.70.20.2
Hours worked1013 ---------7591,1241,172-8992441,2391,201288280
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 10 older financial years (1995-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 10 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 2025 (PDF), filed on 04-02-2026.

Download as CSV

Filings

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

2025 annual accounts filed 4 days after the deadline. Filed on 4 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00032024.

Financial year Type Filed Reference Document
30-06-2025 micro format 04-02-2026 2026-00032024 PDF
30-06-2024 micro format 30-01-2025 2025-00015978 PDF
30-06-2023 micro format 31-01-2024 2024-00017506 PDF
30-06-2022 micro format 31-01-2023 2023-00011878 PDF
30-06-2021 micro format 29-01-2022 2022-02800356 PDF
30-06-2020 micro format 29-01-2021 2021-02600010 PDF
30-06-2019 micro format 11-12-2019 2019-75600451 PDF
30-06-2018 micro format 03-12-2018 2018-73400591 PDF
30-06-2017 micro format 12-12-2017 2017-71500044 PDF
30-06-2016 abbreviated format 06-12-2016 2016-69200584 PDF
30-09-2014 abbreviated format 31-03-2015 2015-08500490 PDF
30-09-2013 abbreviated format 18-03-2014 2014-06600039 PDF
30-09-2012 abbreviated format 29-03-2013 2013-07500154 PDF
30-09-2011 abbreviated format 03-04-2012 2012-07700540 PDF
30-09-2010 abbreviated format 28-03-2011 2011-06600063 PDF
30-09-2009 abbreviated format 03-04-2010 2010-08300144 PDF
30-09-2008 abbreviated format 05-02-2009 2009-03400175 PDF
30-09-2007 abbreviated format 21-02-2008 2008-04900193 PDF
30-09-2006 abbreviated format 27-04-2007 2007-12600296 PDF
30-09-2005 abbreviated format 10-03-2006 2006-06803322 PDF
30-09-2004 abbreviated format 14-03-2005 2005-07504311 PDF
31-12-2002 abbreviated format 11-08-2003 2003-61101720 PDF
31-12-2001 abbreviated format 19-09-2002 2002-57202590 PDF
31-12-2000 abbreviated format 25-09-2001 2001-58401643 PDF
31-12-1999 abbreviated format 12-07-2000 2000-40400124 PDF
31-12-1998 abbreviated format 10-11-1999 1999-58200192 PDF
31-12-1997 abbreviated format 17-06-1998 1998-18601516 PDF
31-12-1996 abbreviated format 03-10-1997 1997-47202288 PDF
31-12-1995 abbreviated format 29-04-1997 1997-06502118 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201420132012201120102009200820072006
EBITDA 108,31111,290386,91732,5441,26947,003210,852206,649269,385173,529107,03529,18628,36722,511-21,38432,48843,08455,45442,123
Cash flow 93,6329,609299,06328,855-3,24743,300169,097134,392226,604142,56797,72521,19018,16520,994-4,14414,45738,81638,34522,952
Investment in fixed assets 22,14422,3991,12724,006101,42331,45416,739406,494438,80432,49328,98245,1492,2382,7287,00118,32347,70711,320934
Change in cash 186,429-131,242149,816-42,21830,676-144,708155,379-125,91386,029-58,7321,572-17,94114,9412,3285,990-95,81096,595-
Working capital 580,484176,982203,409-136,056-148,669-10,20053,233-49,871-177,066-151,328-94,952-153,10235,43552,096-64,425-10,47835,37563,35567,906
Solvency 52.8%52.1%56.0%36.9%35.8%41.7%40.3%31.4%28.8%40.9%33.5%22.6%19.2%17.7%16.0%14.4%17.5%13.2%13.5%
Current ratio 4.152.584.770.190.420.941.370.330.480.340.430.071.501.630.660.951.311.231.39
Debt to equity 0.610.640.521.501.591.221.292.012.471.451.753.133.984.434.895.554.396.186.07
ROE 10.2%-8.1%41.9%-10.2%-16.5%-3.3%23.2%19.1%59.8%44.5%40.2%3.0%0.5%1.9%-36.4%-18.3%4.5%7.9%-9.2%
ROA 5.4%-4.2%23.4%-3.8%-5.9%-1.4%9.4%6.0%17.2%18.2%13.5%0.7%0.1%0.3%-5.8%-2.6%0.8%1.0%-1.2%
Interest coverage 31.722.6868.495.02---------------

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
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets€22,144€21,568-€21,753
Financial fixed assets-€832€1,127€2,253
Depreciation and write-downs of the year€35,083€52,783€56,894€64,960

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on SOFOGEST

The operating result for 2025 is a profit of €73,228, after a loss of €41,492 in 2024.

Debt's share of the balance-sheet total falls from 33.2% to 32.4%. Equity and debt are higher.

Board & ownership

Board

2 directors, 1 in day-to-day management, last change in 2024
BIENERT ENTERPRISE BVBA
Managing director, permanent representative Philip Staes
managing director since 11-02-2017 managing director in office according to the deed of 30-05-2022 term until the 2030 general meeting
also on the board of 3 other companies
listed in the 2025 annual accounts, filed on 04-02-2026
Luc van de Vondervoort
Director
since 11-02-2017 term until the 2030 general meeting
listed in the 2025 annual accounts, filed on 04-02-2026
Day-to-day management
BIENERT ENTERPRISE
Permanent representatives 1
Philip Staes
Permanent representative, for BIENERT ENTERPRISE
in office according to the deed of 30-05-2022

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
BIENERT ENTERPRISE
Managing director
Luc van de Vondervoort
Director
LeadershipBoardRest of the termmandate already running before its first mention
Mandates as a list
  • BIENERT ENTERPRISE
    • Managing director, from 11-02-2017 to date
    • Managing director, since before 29-12-2021
  • Luc van de Vondervoort
    • Director, from 11-02-2017 to date

See the board, name and registered office on a given date →

Control

Shareholder in 2017
BIENERT ENTERPRISE
2%
This company
SOFOGEST
Equity €572,676
Profit €58,549 in 2025

Capital

Capital
€125,000
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
BIENERT ENTERPRISE
2%
2%
Owners as a list

Source: lists of holdings in the owners' accounts

Network & group

Holdings

own accounts to 30-06-2023, the bar shows equity in euros
This companySOFOGEST1 holding, 1 country accounts to 30-06-2023

Europe 1 Equity Result

  • NL ECC-KEUR €11,062 result €3,000

Source: list of holdings in its own 30-06-2023 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2020, in their own currency.

Earlier ties

PETROCLEAN
via BIENERT ENTERPRISE, no longer at PETROCLEAN · Director · deed of 31-08-2021
founded in 2021 · negative equity (2025)
 total assets €29,042 (2025)
COVR
via STAES Philip, no longer at COVR · Manager · deed of 21-11-2005
founded in 1999
 5.2 FTE (2025)
GREEN ENERGY INVESTMENTS PRODUCTS
via STAES Philip, no longer at GREEN ENERGY INVESTMENTS PRODUCTS · Permanent representative · deed of 15-12-2022
founded in 2009
 total assets €292,906 (2025)

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
Holdings through the years 2009 to 2023
Holdings through the years
Name20092010201620172018202120222023
ECC-KEURNL 100%
BELGISCH CENTRUM VOOR CERTIFICATIE, CENTRE BELGE DE CERTIFICATION, EUROPEAN CERTIFICATION COMPANY 75%4%
BIENERT ENTERPRISE 10%1%

Source: list of holdings in its own accounts

Board mandates elsewhere

1 board mandate
Board mandates of SOFOGESTSOFOGEST sits on their board1
BELGISCH CENTRUM VOOR CERTIFICATIE, CENTRE BELGE DE CERTIFICATION, EUROPEAN CERTIFICATION COMPANY
Director
Founded in 1993 · total assets €168,823 (2025) · negative equity

Connections & network

1 connected company
Depth
Energy Revolution, Shared corporate director EREnergyRevolutionCOVR, Shared director CCOVRGREEN ENERGY INVESTMENTS PRODUCTS, Shared director GEGREEN ENERGYINVESTMENTS…PETROCLEAN, Shared corporate director PPETROCLEANSOFOGEST SOFOGEST0453.595.160
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Energy Revolution
via BIENERT ENTERPRISE · Managing director · deed of 14-12-2023
Founded in 2019 · total assets €244,812 (2025)
→

Timeline

Timeline

45 events since 1994

Deadline for the 2026 accounts: 31-01-2027

2026
Annual accounts 2025 filed PDFmicro format · 4 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0453595160
2 directors reappointedBIENERT ENTERPRISE bv (managing director) and Luc van de Vondervoort · Permanent representative: Philip Staes · General meeting of 30-12-20244 points ▸
  • General meeting, 30-12-2024
  • Director reappointment, BIENERT ENTERPRISE bv (managing director)
  • Permanent representative, Philip Staes
  • Director reappointment, Luc van de Vondervoort
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

Back to profit net €58,549 The net result is €58,549, after one loss-making year.
Annual accounts 2024 filed PDFmicro format · 1 day before the deadline
2024
Annual accounts 2023 filed PDFmicro format · on the deadline day
2023
Back to profit net €242,169 The net result is €242,169, after 3 loss-making years.
Liquidity more than 25 times current ratio 4.77 The current ratio rises from 0.19 to 4.77. Short-term debt falls from €166,961 to €53,883.
Equity above €500,000 equity €578,384 ▲62.9% Equity rises from €355,090 to €578,384.
Annual accounts 2022 filed PDFmicro format · on the deadline day
2022
2 directors reappointedBIENERT ENTERPRISE bv (managing director) and Luc van de Vondervoort · Permanent representative: Philip Staes · General meeting of 14:30, 14:003 points ▸
  • Director reappointment, BIENERT ENTERPRISE bv (managing director)
  • Permanent representative, Philip Staes
  • Director reappointment, Luc van de Vondervoort
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFmicro format · 2 days before the deadline
2021
Weakest financial year net -€64,713 The net result drops to -€64,713, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2020 filed PDFmicro format · 2 days before the deadline
2019
Annual accounts 2019 filed PDFmicro format · 51 days before the deadline
Liquidity more than quadruples current ratio 1.37 The current ratio rises from 0.33 to 1.37.
2018
Annual accounts 2018 filed PDFmicro format · 59 days before the deadline
2017
Annual accounts 2017 filed PDFmicro format · 50 days before the deadline
2016
Annual accounts 2016 filed PDFabbreviated format · 56 days before the deadline
Equity above €200,000 equity €214,732 ▲20.7% After 5 profitable years in a row, equity reaches €214,732.
2015
Annual accounts 2014 filed PDFabbreviated format · 30 days before the deadline
2014
Equity above €150,000 equity €177,889 ▲67.2% After 4 profitable years in a row, equity reaches €177,889.
Annual accounts 2013 filed PDFabbreviated format · 43 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 32 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 27 days before the deadline
2011
Back to profit net €1,915 The net result is €1,915, after 2 loss-making years.
Liquidity more than doubled current ratio 1.63 The current ratio rises from 0.66 to 1.63. Short-term debt falls from €187,559 to €82,230.
Annual accounts 2010 filed PDFabbreviated format · 33 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 27 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 84 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 69 days before the deadline
2007
Back to profit net €8,724 The net result is €8,724, after one loss-making year.
Annual accounts 2006 filed PDFabbreviated format · 3 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
Annual accounts 1995 filed PDFabbreviated format
1994
First establishment SOFOGEST NV, K.M.-Hendrikalaan 1 A, Forest
Incorporation published on 05-11-1994

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

On 11 October 1994, SOFOGEST was incorporated.1 Total assets went from €1.2m in 2019 to €1.1m in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0453.595.160
VAT number
BE 0453.595.160
Peppol ID
0208:0453595160
Other Peppol ID
9925:BE0453595160
Legal form
Public limited company
Status
Active, normal situation
Founded
11-10-1994
Financial year
ends on 30 June
Peppol
Reachable since 26-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
SOFOGEST in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
73200 Market research and public opinion polling main activity
70200 Business and other management consultancy
Codes under NACEBEL 2008
73200 Advertising, market research and public relations activities main activity
70220 Business consulting
Codes under NACEBEL 2003
74131 main activity
74142

Registered office and establishments

1 establishment
Establishment Since Unit number
SOFOGEST NV registered office K.M.-Hendrikalaan 1 A, 1190 Forest 16-12-1994 2.069.396.416

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