Summary
SOFOS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €20,460 and a net result of -€16,088. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 6351 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2025, abbreviated schema
Equity
€20,460▼ 71.7%
2024 · €72,303
Net result
-€16,088
2024 · €18,696
Total assets
€151,932▼ 7.0%
2024 · €163,387
Solvency
13.5%▼ 30.8pp
2024 · 44.3%
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result turns negative in 2025: a loss of €5,344 after €33,185 in 2024, the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result-€5,344
2025
Net result-€16,088
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€151,932
2025
Equity€20,460
2025
Debt€131,472
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€17,083
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-10.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency13.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.13
2025
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€146,707-€182,927▲ 24.7%€348,357▲ 90.4%€41,624▼ 88.1%€58,026▲ 39.4%€44,984▼ 22.5%€33,185▼ 26.2%-€5,344
Net result€111,502-€135,255▲ 21.3%€247,154above the sector's middle half▲ 82.7%€30,212within the sector's middle half▼ 87.8%-€19,515below the sector's middle half€30,398within the sector's middle half€18,696within the sector's middle half▼ 38.5%-€16,088below the sector's middle half
Equity€117,702-€252,957▲ 115%€500,112above the sector's middle half▲ 97.7%€542,723within the sector's middle half▲ 8.5%€23,208below the sector's middle half▼ 95.7%€53,606below the sector's middle half▲ 131%€72,303below the sector's middle half▲ 34.9%€20,460below the sector's middle half▼ 71.7%
Total assets€169,515-€299,582▲ 76.7%€594,644within the sector's middle half▲ 98.5%€590,334within the sector's middle half▼ 0.7%€184,440below the sector's middle half▼ 68.8%€197,453below the sector's middle half▲ 7.1%€163,387below the sector's middle half▼ 17.3%€151,932below the sector's middle half▼ 7.0%
Debt€51,813-€46,624▼ 10.0%€94,532▲ 103%€47,611▼ 49.6%€161,232▲ 239%€143,847▼ 10.8%€91,084▼ 36.7%€131,472▲ 44.3%
Working capital€117,702-€252,957▲ 115%€500,112above the sector's middle half▲ 97.7%€540,661above the sector's middle half▲ 8.1%€21,649within the sector's middle half▼ 96.0%€52,549within the sector's middle half▲ 143%€67,515within the sector's middle half▲ 28.5%€17,083within the sector's middle half▼ 74.7%
Solvency69.4%-84.4%▲ 15.0pp84.1%above the sector's middle half▼ 0.3pp91.9%above the sector's middle half▲ 7.8pp12.6%below the sector's middle half▼ 79.4pp27.1%within the sector's middle half▲ 14.6pp44.3%within the sector's middle half▲ 17.1pp13.5%below the sector's middle half▼ 30.8pp
Current ratio3.27-6.43▲ 3.156.29above the sector's middle half▼ 0.1412.36above the sector's middle half▲ 6.071.13within the sector's middle half▼ 11.221.37within the sector's middle half▲ 0.231.74within the sector's middle half▲ 0.381.13within the sector's middle half▼ 0.61
Return on assets (ROA)65.8%-45.1%▼ 20.6pp41.6%above the sector's middle half▼ 3.6pp5.1%within the sector's middle half▼ 36.4pp-10.6%below the sector's middle half▼ 15.7pp15.4%above the sector's middle half▲ 26.0pp11.4%within the sector's middle half▼ 4.0pp-10.6%below the sector's middle half▼ 22.0pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2021 Net result -88% on 2020. The accounts now follow the abbreviated schema, last year the micro schema.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €151,932
Fixed assets
€3,377 ▼ 29.5%
Current assets
€148,555 ▼ 6.3%
Equity and liabilities €151,932
Equity
€20,460 ▼ 71.7%
Debt
€131,472 ▲ 44.3%
Debt's share of the balance-sheet total rises from 55.7% to 86.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-78.6%▼
2024 · 25.9%
Debt ≤ 1 year
€131,472▲
2024 · €91,084
Income taxes
€283▼
2024 · €4,581
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €450 | €502 | €502 | €810 | €1,410 | ▲ 74.1% |
| Other operating charges640/8 | - | - | - | €847 | €1,070 | €1,067 | €1,343 | €2,383 | ▲ 77.4% |
| Gross operating margin9900 | €147,500 | €183,738 | €349,700 | €42,921 | €59,598 | €46,554 | €35,338 | -€1,550 | ▼ 104% |
| Operating profit (loss)9901 | €146,707 | €182,927 | €348,357 | €41,624 | €58,026 | €44,984 | €33,185 | -€5,344 | ▼ 116% |
| Financial income75/76B | - | - | - | €0 | €77 | - | €1 | €1 | ▼ 28.0% |
| Recurring financial income75 | - | €2 | - | €0 | €77 | - | €1 | €1 | ▼ 28.0% |
| Financial charges65/66B | - | - | - | €2,717 | €77,338 | €2,974 | €9,909 | €10,462 | ▲ 5.6% |
| Recurring financial charges65 | €621 | €2,265 | €23,779 | €2,717 | €77,338 | €2,974 | €9,909 | €10,462 | ▲ 5.6% |
| Profit (loss) for the period before taxes9903 | €146,086 | €180,665 | €324,577 | €38,907 | -€19,235 | €42,010 | €23,277 | -€15,805 | ▼ 168% |
| Income taxes67/77 | €34,584 | €45,410 | €77,423 | €8,695 | €280 | €11,612 | €4,581 | €283 | ▼ 93.8% |
| Profit (loss) for the period9904 | €111,502 | €135,255 | €247,154 | €30,212 | -€19,515 | €30,398 | €18,696 | -€16,088 | ▼ 186% |
| Profit (loss) for the period to be appropriated9905 | €111,502 | €135,255 | €247,154 | €30,212 | -€19,515 | €30,398 | €18,696 | -€16,088 | ▼ 186% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €169,515 | €299,582 | €594,644 | €590,334 | €184,440 | €197,453 | €163,387 | €151,932 | ▼ 7.0% |
| Fixed assets21/28 | - | - | - | €2,062 | €1,560 | €1,057 | €4,787 | €3,377 | ▼ 29.5% |
| Tangible fixed assets22/27 | - | - | - | €2,062 | €1,560 | €1,057 | €4,787 | €3,377 | ▼ 29.5% |
| Plant, machinery and equipment23 | - | - | - | €2,062 | €1,560 | €1,057 | €4,787 | €3,377 | ▼ 29.5% |
| Current assets29/58 | €169,515 | €299,582 | €594,644 | €588,272 | €182,881 | €196,396 | €158,599 | €148,555 | ▼ 6.3% |
| Amounts receivable within one year40/41 | €69,029 | €82,904 | €68,585 | €82,888 | €12,499 | €57,423 | €48,400 | €6,257 | ▼ 87.1% |
| Trade receivables40 | - | - | - | €22,153 | €7,763 | €52,704 | €48,400 | €5,540 | ▼ 88.6% |
| Other amounts receivable41 | - | - | - | €60,735 | €4,736 | €4,720 | - | €717 | - |
| Cash at bank and in hand54/58 | €100,486 | €216,678 | €526,059 | €505,384 | €170,382 | €138,973 | €110,199 | €142,298 | ▲ 29.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €169,515 | €299,582 | €594,644 | €590,334 | €184,440 | €197,453 | €163,387 | €151,932 | ▼ 7.0% |
| Equity10/15 | €117,702 | €252,957 | €500,112 | €542,723 | €23,208 | €53,606 | €72,303 | €20,460 | ▼ 71.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €111,502 | €246,757 | €493,912 | €524,123 | €4,608 | €35,006 | €53,703 | €1,860 | ▼ 96.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €522,263 | €2,748 | €33,146 | €51,843 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | €0 | - |
| Amounts payable17/49 | €51,813 | €46,624 | €94,532 | €47,611 | €161,232 | €143,847 | €91,084 | €131,472 | ▲ 44.3% |
| Amounts payable within one year42/48 | €51,813 | €46,624 | €94,532 | €47,611 | €161,232 | €143,847 | €91,084 | €131,472 | ▲ 44.3% |
| Financial debts43 | - | - | - | €7,500 | - | - | - | - | - |
| Other loans439 | - | - | - | €7,500 | - | - | - | - | - |
| Trade debts44 | €18,624 | €15,594 | €5,954 | - | €122 | €28 | €302 | €7,580 | ▲ 2,411% |
| Suppliers440/4 | - | - | - | - | €122 | €28 | €302 | €7,580 | ▲ 2,411% |
| Advances received on contracts in progress46 | - | - | - | - | €12,100 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €29,702 | €3,249 | €10,169 | €16,629 | €16,292 | ▼ 2.0% |
| Taxes450/3 | - | - | - | €29,702 | €3,249 | €10,169 | €13,749 | €16,292 | ▲ 18.5% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €2,880 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €10,409 | €145,761 | €133,651 | €74,153 | €107,600 | ▲ 45.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €111,502 | €135,255 | €247,154 | €30,212 | -€19,515 | €30,398 | €18,696 | -€16,088 | ▼ 186% |
| + Depreciation and write-downs630 | - | - | - | €450 | €502 | €502 | €810 | €1,410 | ▲ 74.1% |
| Operating cash flow (approximation) | €111,502 | €135,255 | €247,154 | €30,662 | -€19,013 | €30,900 | €19,506 | -€14,677 | ▼ 175% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | €0 | -€4,540 | €0 | ▲ 100% |
| Change in cash | - | €116,192 | €309,381 | -€20,675 | -€335,002 | -€31,409 | -€28,773 | €32,099 | ▲ 212% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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