SOFONA
Open bankruptcyFinancials · financial year 2024, full format
2024 annual accounts filed 144 days after the deadline Filed on 22 December 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00589790.
Annual accounts 2024 filed on 22-12-2025 PDF all 48 filings
Turnover
€2.4m▼ 9.7%
2023 · €2.6m
EBIT margin
80.7%▼ 8.2pp
2023 · 88.9%
Net result
-€238,891▲ 90.9%
2023 · -€2.6m
Working capital
-€6.7m▼ 12.0%
2023 · -€5.9m
Multi-year overview
2018 to 2024, 7 financial yearsTurnover
€2.4m
▼ 9.7%
2024
20182024
Operating result
€1.9m
▼ 18.1%
2024
20182024
Net result
-€238,891
▲ 90.9%
2024
lowest quarter of the sector
20182024
EBIT margin
80.7%
▼ 8.2pp
2024
20182024
Equity
€12.6m
▼ 1.9%
2024
highest quarter of the sector
20182024
Total assets
€81.8m
▲ 2.9%
2024
highest quarter of the sector
20182024
Debt
€68.0m
▲ 3.9%
2024
20182024
Working capital
-€6.7m
▼ 12.0%
2024
lowest quarter of the sector
20182024
Solvency
15.4%
▼ 0.7pp
2024
middle half of the sector
20182024
Current ratio
0.87
▼ 0.01
2024
middle half of the sector
20182024
Return on assets (ROA)
-0.3%
▲ 3.0pp
2024
middle half of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€2.8m-€3.1m▲ 10.0%€2.6m▼ 16.3%€2.6m▼ 1.2%€2.7m▲ 6.5%€2.6m▼ 3.2%€2.4m▼ 9.7%
Operating result€2.1m-€2.1m▲ 0.4%€0.3m▼ 85.5%€0.8m▲ 169%€2.6m▲ 211%€2.4m▼ 8.1%€1.9m▼ 18.1%
Net result€1.3m-€1.2m▼ 4.3%-€3.4mbelow the sector's middle half-€4.2mbelow the sector's middle half▼ 24.9%€4.1mabove the sector's middle half-€2.6mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 90.9%
EBIT margin74.4%-67.9%▼ 6.5pp11.8%▼ 56.1pp32.1%▲ 20.3pp93.7%▲ 61.6pp88.9%▼ 4.8pp80.7%▼ 8.2pp
Equity€17.7m-€19.0m▲ 7.0%€15.6mabove the sector's middle half▼ 17.8%€11.4mabove the sector's middle half▼ 27.0%€15.4mabove the sector's middle half▲ 35.7%€12.8mabove the sector's middle half▼ 17.1%€12.6mabove the sector's middle half▼ 1.9%
Total assets€78.3m-€86.4m▲ 10.3%€83.9mabove the sector's middle half▼ 2.8%€76.8mabove the sector's middle half▼ 8.4%€80.5mabove the sector's middle half▲ 4.7%€79.6mabove the sector's middle half▼ 1.1%€81.8mabove the sector's middle half▲ 2.9%
Debt€59.0m-€65.9m▲ 11.7%€66.9m▲ 1.5%€64.1m▼ 4.2%€63.6m▼ 0.8%€65.4m▲ 2.8%€68.0m▲ 3.9%
Working capital€12.8m-€20.8m▲ 62.3%€20.5mabove the sector's middle half▼ 1.5%€33.7mabove the sector's middle half▲ 64.7%€37.0mabove the sector's middle half▲ 9.8%-€5.9mbelow the sector's middle half-€6.7mbelow the sector's middle half▼ 12.0%
Solvency22.7%-22.0%▼ 0.7pp18.6%within the sector's middle half▼ 3.4pp14.8%within the sector's middle half▼ 3.8pp19.2%within the sector's middle half▲ 4.4pp16.1%within the sector's middle half▼ 3.1pp15.4%within the sector's middle half▼ 0.7pp
Current ratio1.84-2.37▲ 0.532.25within the sector's middle half▼ 0.1220.08above the sector's middle half▲ 17.8316.17above the sector's middle half▼ 3.910.88within the sector's middle half▼ 15.290.87within the sector's middle half▼ 0.01
Return on assets (ROA)1.7%-1.4%▼ 0.2pp-4.0%below the sector's middle half▼ 5.5pp-5.5%below the sector's middle half▼ 1.5pp5.1%within the sector's middle half▲ 10.5pp-3.3%below the sector's middle half▼ 8.4pp-0.3%within the sector's middle half▲ 3.0pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is 18% lower than in 2023 and the lowest since 2021. It is the second fall in a row.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €81.8m
Fixed assets
€37.1m ▼ 0.8%
Current assets
€44.7m ▲ 6.1%
Equity and liabilities €81.8m
Equity
€12.6m ▼ 1.9%
Provisions
€1.3m ▼ 4.0%
Debt
€68.0m ▲ 3.9%
Debt's share of the balance-sheet total rises from 82.2% to 83.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2.4m▼
2023 · €2.8m
Cash flow
€253,137▲
2023 · -€2.2m
Debt to equity
5.41▲
2023 · 5.11
ROE
-1.9%▲
2023 · -20.6%
Interest coverage
0.74▼
2023 · 0.92
Debt ≤ 1 year
€51.4m▲
2023 · €48.1m
Debt > 1 year
€16.3m▼
2023 · €16.6m
Income taxes
€1.5m▲
2023 · €832,992
Customer credit
30 days▼
2023 · 43 days
Supplier credit
1125 days▲
2023 · 618 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Revenue breakdown
By activity 2024
- Loyers €2,386,870100.0%
Source: 2024 accounts, page 20, filing 2025-00589790
By geographic market 2020
- Belgique €2,593,416100.0%
Source: 2020 accounts, page 18, filing 2021-80700046
All years (2009 to 2024)
By activity
| By activity | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Loyers | - | - | - | - | - | - | - | - | - | - | - | €2,643,939 | €2,386,870 |
| LOYERS COMMERCES | - | - | - | - | - | - | - | - | - | - | €2,668,661 | - | - |
| LOYERS LOGEMENTS | - | - | - | - | - | - | - | - | - | - | €60,022 | - | - |
| LOYERS BUREAUX | - | - | - | - | - | - | - | - | - | - | €1,716 | - | - |
| Location Immobilière | €953,409 | €1,522,110 | €2,006,134 | €2,195,178 | €1,664,392 | €2,681,195 | €2,817,347 | €3,098,849 | €2,593,416 | €2,562,859 | - | - | - |
| Total | €953,409 | €1,522,110 | €2,006,134 | €2,195,178 | €1,664,392 | €2,681,195 | €2,817,347 | €3,098,849 | €2,593,416 | €2,562,859 | €2,730,400 | €2,643,939 | €2,386,870 |
By geographic market
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Overdue tax debts | - | €77 | - | €376,811 |
Source: notes to the 2021 to 2024 annual accounts (statement of debts)
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €63.3m | €62.0m | - | - |
| Mortgages, amount registered | €129.2m | €26.4m | €26.3m | €233.2m |
| Mortgage mandates | €17.6m | €9.7m | €9.7m | €83.4m |
| Carrying value of the mortgaged assets | €25.0m | €22.2m | €21.7m | €21.3m |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €62,960 | €10,902 | €9,029 | €136,312 |
| Depreciation and write-downs of the year | €563,095 | €482,740 | €481,505 | €492,028 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Auditor
The auditor is Finvision Bedrijfsrevisoren.
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fee for the audit | €5,514 | €5,445 | €6,081 | €5,683 |
| Other work by the auditor | - | - | €5,500 | - |
Source: notes to the 2021 to 2024 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €2.9m | €3.4m | €3.4m | €3.0m | ▼ 12.2% |
| Turnover70 | €2.8m | €3.1m | €2.6m | €2.6m | €2.7m | €2.6m | €2.4m | ▼ 9.7% |
| Other operating income74 | - | - | - | €0.4m | €0.2m | €0.7m | €0.6m | ▼ 14.3% |
| Non-recurring operating income76A | - | - | - | - | €0.4m | €0.07m | €0.01m | ▼ 85.8% |
| Operating charges60/66A | - | - | - | €2.1m | €0.8m | €1.0m | €1.1m | ▲ 1.1% |
| Services and other goods61 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.5m | €0.5m | €0.6m | €0.6m | €0.5m | €0.5m | €0.5m | ▲ 2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.3m | -€0.2m | -€0.1m | -€0.006m | ▲ 95.8% |
| Other operating charges640/8 | - | - | - | €0.2m | €0.2m | €0.5m | €0.3m | ▼ 36.0% |
| Non-recurring operating charges66A | - | - | - | €0.8m | €0.001m | €0 | €120 | - |
| Operating profit (loss)9901 | €2.1m | €2.1m | €0.3m | €0.8m | €2.6m | €2.4m | €1.9m | ▼ 18.1% |
| Financial income75/76B | - | - | - | €0.7m | €3.2m | €2.0m | €2.6m | ▲ 27.6% |
| Recurring financial income75 | €0.5m | €0.7m | €0.7m | €0.7m | €0.7m | €2.0m | €2.5m | ▲ 26.2% |
| Income from financial fixed assets750 | - | - | - | - | - | €0.002m | €0 | ▼ 100% |
| Income from current assets751 | - | - | - | €0.7m | €0.7m | €2.0m | €2.4m | ▲ 24.7% |
| Other financial income752/9 | - | - | - | - | €0.007m | €0 | €0.03m | - |
| Non-recurring financial income76B | - | - | - | - | €2.5m | €0.07m | €0.1m | ▲ 63.6% |
| Financial charges65/66B | - | - | - | €5.6m | €1.2m | €6.2m | €3.3m | ▼ 46.5% |
| Recurring financial charges65 | €1.4m | €1.5m | €1.4m | €1.2m | €1.2m | €3.1m | €3.3m | ▲ 6.0% |
| Debt charges650 | €1.4m | €1.5m | €1.4m | €1.2m | €1.2m | €3.1m | €3.3m | ▲ 6.0% |
| Other financial charges652/9 | - | - | - | - | €0.01m | €0.002m | €0.002m | ▼ 21.2% |
| Non-recurring financial charges66B | - | - | - | €4.3m | €0 | €3.2m | €0.07m | ▼ 97.6% |
| Profit (loss) for the period before taxes9903 | €1.2m | €1.2m | -€3.5m | -€4.0m | €4.5m | -€1.9m | €1.2m | - |
| Transfer from deferred taxes780 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Transfer to deferred taxes680 | - | - | - | - | €0.1m | €0 | - | - |
| Income taxes67/77 | - | €0.05m | - | €0.2m | €0.4m | €0.8m | €1.5m | ▲ 76.5% |
| Taxes670/3 | - | - | - | €0.2m | €0.6m | €0.8m | €1.5m | ▲ 76.3% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0.2m | €0.001m | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €1.3m | €1.2m | -€3.4m | -€4.2m | €4.1m | -€2.6m | -€0.2m | ▲ 90.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Transfer to tax-exempt reserves689 | - | - | - | - | €0.3m | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.4m | €1.4m | -€3.2m | -€4.1m | €3.9m | -€2.5m | -€0.08m | ▲ 96.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €78.3m | €86.4m | €83.9m | €76.8m | €80.5m | €79.6m | €81.8m | ▲ 2.9% |
| Fixed assets21/28 | €50.3m | €50.4m | €47.0m | €41.3m | €41.0m | €37.4m | €37.1m | ▼ 0.8% |
| Tangible fixed assets22/27 | €26.5m | €26.6m | €26.3m | €25.0m | €22.2m | €21.7m | €21.3m | ▼ 1.6% |
| Land and buildings22 | - | - | - | €25.0m | €22.2m | €21.7m | €21.3m | ▼ 1.6% |
| Plant, machinery and equipment23 | - | - | - | €0.003m | €209 | €0 | - | - |
| Financial fixed assets28 | €23.8m | €23.8m | €20.7m | €16.4m | €18.8m | €15.7m | €15.8m | ▲ 0.3% |
| Affiliated companies280/1 | - | - | - | €16.4m | €18.8m | €15.7m | €15.8m | ▲ 0.3% |
| Participating interests280 | - | - | - | €16.4m | €18.8m | €15.7m | €15.8m | ▲ 0.3% |
| Current assets29/58 | €28.0m | €36.0m | €36.9m | €35.5m | €39.5m | €42.2m | €44.7m | ▲ 6.1% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €25.9m | €34.4m | €35.4m | €34.9m | €39.0m | €39.7m | €42.0m | ▲ 6.0% |
| Trade receivables40 | - | - | - | €0.09m | €0.2m | €0.3m | €0.2m | ▼ 36.8% |
| Other amounts receivable41 | - | - | - | €34.8m | €38.9m | €39.4m | €41.8m | ▲ 6.3% |
| Cash at bank and in hand54/58 | €0.8m | €0.5m | €0.9m | €0.3m | €0.004m | €0.001m | €0.2m | ▲ 270× |
| Deferred charges and accrued income490/1 | - | - | - | €0.3m | €0.4m | €2.5m | €2.6m | ▲ 2.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €78.3m | €86.4m | €83.9m | €76.8m | €80.5m | €79.6m | €81.8m | ▲ 2.9% |
| Equity10/15 | €17.7m | €19.0m | €15.6m | €11.4m | €15.4m | €12.8m | €12.6m | ▼ 1.9% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Revaluation surpluses12 | - | - | - | €8.2m | €8.2m | €8.2m | €8.2m | = |
| Reserves13 | €4.5m | €4.4m | €4.2m | €4.1m | €4.2m | €4.0m | €3.9m | ▼ 4.0% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Tax-exempt reserves132 | - | - | - | €4.0m | €4.2m | €4.0m | €3.9m | ▼ 4.0% |
| Profit (loss) carried forward14 | €4.8m | €6.1m | €2.9m | -€1.2m | €2.8m | €0.3m | €0.2m | ▼ 27.6% |
| Provisions and deferred taxes16 | €1.5m | €1.5m | €1.4m | €1.3m | €1.4m | €1.3m | €1.3m | ▼ 4.0% |
| Deferred taxes168 | - | - | - | €1.3m | €1.4m | €1.3m | €1.3m | ▼ 4.0% |
| Amounts payable17/49 | €59.0m | €65.9m | €66.9m | €64.1m | €63.6m | €65.4m | €68.0m | ▲ 3.9% |
| Amounts payable after more than one year17 | €43.4m | €50.3m | €49.9m | €62.2m | €60.8m | €16.6m | €16.3m | ▼ 1.9% |
| Financial debts170/4 | - | - | - | €62.1m | €60.7m | €16.4m | €16.1m | ▼ 1.9% |
| Credit institutions173 | - | - | - | €62.1m | €60.7m | €16.4m | €16.1m | ▼ 1.9% |
| Other amounts payable178/9 | - | - | - | €0.06m | €0.06m | €0.2m | €0.2m | = |
| Amounts payable within one year42/48 | €15.2m | €15.2m | €16.4m | €1.8m | €2.4m | €48.1m | €51.4m | ▲ 6.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.2m | €1.3m | €0 | - | - |
| Financial debts43 | - | - | - | €0.009m | €0.2m | €45.3m | €45.2m | ▼ 0.3% |
| Credit institutions430/8 | - | - | - | €0.009m | €0 | €45.3m | €45.2m | ▼ 0.3% |
| Other loans439 | - | - | - | - | €0.2m | €0 | - | - |
| Trade debts44 | €0.6m | €0.9m | €0.3m | €0.3m | €0.4m | €0.4m | €0.9m | ▲ 99.3% |
| Suppliers440/4 | - | - | - | €0.3m | €0.4m | €0.4m | €0.9m | ▲ 99.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.5m | €1.0m | €2.0m | ▲ 101% |
| Taxes450/3 | - | - | - | €0.2m | €0.5m | €1.0m | €2.0m | ▲ 101% |
| Other amounts payable47/48 | - | - | - | €0.006m | €0.06m | €1.3m | €3.3m | ▲ 147% |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.4m | €0.7m | €0.3m | ▼ 55.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.3m | €1.2m | -€3.4m | -€4.2m | €4.1m | -€2.6m | -€0.2m | ▲ 90.9% |
| + Depreciation and write-downs630 | €0.5m | €0.5m | €0.6m | €0.6m | €0.5m | €0.5m | €0.5m | ▲ 2.2% |
| Operating cash flow (approximation) | €1.8m | €1.8m | -€2.8m | -€3.7m | €4.5m | -€2.2m | €0.3m | - |
| Investment in fixed assets (approximation) | - | -€0.6m | €2.8m | €5.1m | -€0.1m | €3.1m | -€0.2m | - |
| Change in cash | - | -€0.3m | €0.4m | -€0.6m | -€0.3m | -€0.004m | €0.2m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 22-12-2025 | 2025-00589790 | |
| 31-12-2023 | full format | 19-12-2025 | 2025-00589830 | |
| 31-12-2022 | full format | 31-07-2023 | 2023-00306588 | |
| 31-12-2021 | full format | 13-12-2022 | 2022-20537590 | |
| 31-12-2020 | full format | 14-12-2021 | 2021-80700046 | |
| 31-12-2019 | full format | 17-12-2020 | 2020-76100234 | |
| 31-12-2018 | full format | 29-08-2019 | 2019-58700511 | |
| 31-12-2017 | full format | 22-08-2018 | 2018-48500248 | |
| 31-12-2016 | full format | 23-08-2017 | 2017-47300378 | |
| 31-12-2015 | full format | 26-07-2016 | 2016-35700483 |