SOFRA
ActiveSummary
SOFRA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €213,383 and a net result of €3,866. Equity is growing by ~4.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · fiscal year 2025, abbreviated schema
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result falls in 2025; 2025 is 12% below 2024.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 4,685 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,450 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,685 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,983 | €39,114 | €38,886 | €39,737 | €40,309 | €71,117 | €50,210 | €61,433 | ▲ 22.4% |
| Other operating charges640/8 | - | - | - | €7,599 | €7,760 | €8,004 | €8,685 | €9,555 | ▲ 10.0% |
| Non-recurring operating charges66A | - | - | - | €6,518 | €0 | - | - | - | - |
| Gross operating margin9900 | €81,850 | €84,102 | €89,397 | €81,296 | €91,764 | €106,835 | €106,329 | €112,939 | ▲ 6.2% |
| Operating profit (loss)9901 | €35,863 | €37,859 | €41,519 | €27,442 | €43,694 | €27,714 | €47,433 | €41,950 | ▼ 11.6% |
| Financial income75/76B | - | - | - | - | - | €0 | €0 | - | - |
| Recurring financial income75 | €1 | - | €0 | - | - | €0 | €0 | - | - |
| Financial charges65/66B | - | - | - | €22,917 | €22,715 | €31,862 | €31,160 | €36,209 | ▲ 16.2% |
| Recurring financial charges65 | €32,711 | €32,029 | €23,087 | €22,917 | €22,715 | €31,862 | €31,160 | €36,209 | ▲ 16.2% |
| Profit (loss) for the period before taxes9903 | €3,153 | €5,830 | €18,432 | €4,525 | €20,979 | -€4,148 | €16,273 | €5,741 | ▼ 64.7% |
| Income taxes67/77 | - | - | €4,528 | €1,132 | €5,883 | €0 | €3,920 | €1,875 | ▼ 52.2% |
| Profit (loss) for the period9904 | €3,153 | €5,830 | €13,904 | €3,393 | €15,097 | -€4,148 | €12,353 | €3,866 | ▼ 68.7% |
| Profit (loss) for the period to be appropriated9905 | €3,153 | €5,830 | €13,904 | €3,393 | €15,097 | -€4,148 | €12,353 | €3,866 | ▼ 68.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €1.0m | €1.1m | ▲ 9.6% |
| Fixed assets21/28 | €0.8m | €0.8m | €0.8m | €0.7m | €0.7m | €0.9m | €0.9m | €1.0m | ▲ 9.4% |
| Tangible fixed assets22/27 | €0.8m | €0.8m | €0.8m | €0.7m | €0.7m | €0.9m | €0.9m | €1.0m | ▲ 9.5% |
| Land and buildings22 | - | - | - | €0.7m | €0.6m | €0.9m | €0.9m | €1.0m | ▲ 9.2% |
| Plant, machinery and equipment23 | - | - | - | €0.09m | €0.09m | €0.003m | €0.001m | €0.003m | ▲ 257% |
| Financial fixed assets28 | €124 | €124 | €124 | €124 | €124 | €124 | €124 | €124 | = |
| Current assets29/58 | €0.007m | €0.009m | €0.03m | €0.03m | €0.06m | €0.02m | €0.03m | €0.03m | ▲ 13.7% |
| Amounts receivable within one year40/41 | - | €235 | - | - | - | - | €0.001m | €0.001m | = |
| Other amounts receivable41 | - | - | - | - | - | - | €0.001m | €0.001m | = |
| Cash at bank and in hand54/58 | €0.006m | €0.002m | €0.02m | €0.03m | €0.06m | €0.004m | €0.03m | €0.03m | ▲ 14.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.002m | €0.02m | €0.002m | €0.002m | ▲ 10.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €1.0m | €1.1m | ▲ 9.6% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 1.8% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Revaluation surpluses12 | - | - | - | €0.03m | €0.03m | €0.03m | €0.04m | €0.04m | = |
| Reserves13 | €0.06m | €0.07m | €0.08m | €0.08m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 3.6% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.08m | €0.09m | €0.09m | €0.1m | €0.1m | ▲ 3.8% |
| Amounts payable17/49 | €0.7m | €0.7m | €0.6m | €0.6m | €0.6m | €0.7m | €0.8m | €0.8m | ▲ 11.7% |
| Amounts payable after more than one year17 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.7m | €0.7m | €0.8m | ▲ 13.7% |
| Financial debts170/4 | - | - | - | €0.04m | €0.03m | €0.1m | €0.09m | €0.06m | ▼ 34.0% |
| Other amounts payable178/9 | - | - | - | €0.5m | €0.5m | €0.5m | €0.6m | €0.7m | ▲ 20.6% |
| Amounts payable within one year42/48 | €0.03m | €0.03m | €0.02m | €0.02m | €0.03m | €0.05m | €0.05m | €0.04m | ▼ 24.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.02m | €0.05m | €0.04m | €0.03m | ▼ 20.0% |
| Trade debts44 | €35 | €174 | - | €0.001m | €0.001m | €0.002m | €0.008m | €0.001m | ▼ 89.6% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €0.002m | €0.008m | €0.001m | ▼ 89.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €0.006m | €0 | - | €0.002m | - |
| Taxes450/3 | - | - | - | €0.001m | €0.006m | €0 | - | €0.002m | - |
| Other amounts payable47/48 | - | - | - | €210 | €0.002m | €0.002m | €0.002m | €0.003m | ▲ 108% |
| Accrued charges and deferred income492/3 | - | - | - | €0.006m | €450 | €0.02m | €0.02m | €0.02m | ▲ 32.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,153 | €5,830 | €13,904 | €3,393 | €15,097 | -€4,148 | €12,353 | €3,866 | ▼ 68.7% |
| + Depreciation and write-downs630 | €38,983 | €39,114 | €38,886 | €39,737 | €40,309 | €71,117 | €50,210 | €61,433 | ▲ 22.4% |
| Operating cash flow (approximation) | €42,135 | €44,944 | €52,789 | €43,130 | €55,405 | €66,969 | €62,563 | €65,299 | ▲ 4.4% |
| Investment in fixed assets (approximation) | - | -€9,883 | -€4,742 | -€7,658 | -€12,350 | -€253,203 | -€90,639 | -€150,273 | ▼ 65.8% |
| Change in cash | - | -€3,477 | €21,435 | €8,937 | €25,316 | -€54,199 | €22,687 | €3,811 | ▼ 83.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.