SOFRA
ActiveSummary
SOFRA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71k and a net result of €11k. Equity is growing by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 36% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+1
Solvency43▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.18 in 2024; short-term debt: 82.2% and cash: 44% of total assets), and 82.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.8%
Return on assets
2.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
75 d late
2023
26 d late
2022
184 d late
2021
22 d late
2020
33 d early
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€71k▲ 18.3%
2024 · €60k
2018: €19klowest in 8 years
2019: €23k▲ +21.2% vs 2018
2020: €27k▲ +19.3% vs 2019
2021: €32k▲ +16.6% vs 2020
2022: €42k▲ +34.1% vs 2021
2023: €56k▲ +31.2% vs 2022
2024: €60k▲ +7.6% vs 2023
2025: €71k▲ +18.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€397k▲ 43.7%
2024 · €276k
2018: €90k
2019: €74k▼ -17.6% vs 2018lowest in 8 years
2020: €81k▲ +9.4% vs 2019
2021: €103k▲ +27.8% vs 2020
2022: €187k▲ +81.3% vs 2021
2023: €188k▲ +0.4% vs 2022
2024: €276k▲ +46.9% vs 2023
2025: €397k▲ +43.7% vs 2024highest in 8 years
2018 → 2025
Net result
€11k▲ 159%
2024 · €4k
2018: €2klowest in 8 years
2019: €4k▲ +91.1% vs 2018
2020: €4k▲ +10.2% vs 2019
2021: €5k▲ +2.8% vs 2020
2022: €11k▲ +139% vs 2021
2023: €11k▼ -0.2% vs 2022
2024: €4k▼ -60.7% vs 2023
2025: €11k▲ +159% vs 2024highest in 8 years
2018 → 2025
Working capital
€59k▲ 50.6%
2024 · €39k
2018: €-49klowest in 8 years
2019: €-29k▲ +39.5% vs 2018
2020: €-19k▲ +35.0% vs 2019
2021: €-7k▲ +64.9% vs 2020
2022: €5k▲ +169% vs 2021
2023: €26k▲ +466% vs 2022
2024: €39k▲ +47.9% vs 2023
2025: €59k▲ +50.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€42k▲ 34.1%€56k▲ 31.2%€60k▲ 7.6%€71k▲ 18.3%
2021: €32klowest in 5 years
2022: €42k▲ +34.1% vs 2021
2023: €56k▲ +31.2% vs 2022
2024: €60k▲ +7.6% vs 2023
2025: €71k▲ +18.3% vs 2024highest in 5 years
Operating result€9k-€16k▲ 82.6%€18k▲ 8.2%€9k▼ 51.5%€20k▲ 128%
2021: €9k
2022: €16k▲ +82.6% vs 2021
2023: €18k▲ +8.2% vs 2022
2024: €9k▼ -51.5% vs 2023lowest in 5 years
2025: €20k▲ +128% vs 2024highest in 5 years
Net result€5k-€11k▲ 139%€11k▼ 0.2%€4k▼ 60.7%€11k▲ 159%
2021: €5k
2022: €11k▲ +139% vs 2021
2023: €11k▼ -0.2% vs 2022
2024: €4k▼ -60.7% vs 2023lowest in 5 years
2025: €11k▲ +159% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 128% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €397k
Fixed assets
€12k ▼ 42.5%
Current assets
€385k ▲ 50.8%
Equity and liabilities €397k
Equity
€71k ▲ 18.3%
Debt
€326k ▲ 50.8%
Debt's share of the balance-sheet total rises from 78.3% to 82.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▲
2024 · €18k
Cash flow
€20k▲
2024 · €14k
Current ratio
1.18=
2024 · 1.18
Debt to equity
4.61▲
2024 · 3.61
ROE
15.5%▲
2024 · 7.1%
ROA
2.8%▲
2024 · 1.5%
Interest coverage
5.37▼
2024 · 5.48
Debt ≤ 1 year
€326k▲
2024 · €216k
Income taxes
€3k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€276k€397k▲
Fixed assets21/28€21k€12k▼
Intangible fixed assets21€14k€7k▼
Tangible fixed assets22/27€4k€2k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€510-
Financial fixed assets28€3k€3k=
Current assets29/58€255k€385k▲
Stocks and contracts in progress3€196k-
Stocks30/36€196k-
Amounts receivable within one year40/41€59k€210k▲
Trade receivables40€48k€202k▲
Other amounts receivable41€10k€8k▼
Cash at bank and in hand54/58€268€175k▲
Equity and liabilities
Total equity and liabilities10/49€276k€397k▲
Equity10/15€60k€71k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€39k€50k▲
Amounts payable17/49€216k€326k▲
Amounts payable within one year42/48€216k€326k▲
Financial debts43-€35k
Credit institutions430/8-€35k
Trade debts44€157k€229k▲
Suppliers440/4€157k€229k▲
Advances received on contracts in progress46€24k€5k▼
Taxes, remuneration and social security45€30k€4k▼
Taxes450/3€10k€3k▼
Remuneration and social security454/9€20k€276▼
Other amounts payable47/48€6k€54k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼
Other operating charges640/8€528€144▼
Gross operating margin9900€19k€29k▲
Operating profit (loss)9901€9k€20k▲
Financial income75/76B€3€4▲
Recurring financial income75€3€4▲
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€5k€14k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€4k€11k▲
Profit (loss) for the period to be appropriated9905€4k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€50k▲
Profit (loss) brought forward from the previous period14P€35k€39k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €124 | €6k | €943 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €10k | €10k | €9k | ▼ 8.4% |
| Other operating charges640/8 | €468 | €469 | €2k | €528 | €144 | ▼ 72.7% |
| Gross operating margin9900 | €17k | €31k | €31k | €19k | €29k | ▲ 52.3% |
| Operating profit (loss)9901 | €9k | €16k | €18k | €9k | €20k | ▲ 128% |
| Financial income75/76B | - | €32 | €573 | €3 | €4 | ▲ 25.0% |
| Recurring financial income75 | - | €32 | €573 | €3 | €4 | ▲ 25.0% |
| Financial charges65/66B | €3k | €3k | €3k | €3k | €5k | ▲ 59.3% |
| Recurring financial charges65 | €3k | €3k | €3k | €3k | €5k | ▲ 59.3% |
| Profit (loss) for the period before taxes9903 | €6k | €14k | €15k | €5k | €14k | ▲ 171% |
| Income taxes67/77 | €1k | €3k | €4k | €1k | €3k | ▲ 220% |
| Profit (loss) for the period9904 | €5k | €11k | €11k | €4k | €11k | ▲ 159% |
| Profit (loss) for the period to be appropriated9905 | €5k | €11k | €11k | €4k | €11k | ▲ 159% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €103k | €187k | €188k | €276k | €397k | ▲ 43.7% |
| Fixed assets21/28 | €40k | €38k | €29k | €21k | €12k | ▼ 42.5% |
| Intangible fixed assets21 | €36k | €28k | €21k | €14k | €7k | ▼ 50.0% |
| Tangible fixed assets22/27 | €2k | €7k | €5k | €4k | €2k | ▼ 44.7% |
| Plant, machinery and equipment23 | - | €4k | €4k | €3k | €2k | ▼ 36.3% |
| Furniture and vehicles24 | €2k | €3k | €2k | €510 | - | - |
| Financial fixed assets28 | €2k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €63k | €150k | €159k | €255k | €385k | ▲ 50.8% |
| Stocks and contracts in progress3 | €5k | €3k | €83k | €196k | - | - |
| Stocks30/36 | €5k | €3k | €83k | €196k | - | - |
| Amounts receivable within one year40/41 | €52k | €317 | €55k | €59k | €210k | ▲ 259% |
| Trade receivables40 | €52k | - | €37k | €48k | €202k | ▲ 320% |
| Other amounts receivable41 | - | €317 | €18k | €10k | €8k | ▼ 23.4% |
| Cash at bank and in hand54/58 | €6k | €146k | €95 | €268 | €175k | ▲ 65,056% |
| Deferred charges and accrued income490/1 | €236 | €321 | €21k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €103k | €187k | €188k | €276k | €397k | ▲ 43.7% |
| Equity10/15 | €32k | €42k | €56k | €60k | €71k | ▲ 18.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €11k | €22k | €35k | €39k | €50k | ▲ 27.8% |
| Amounts payable17/49 | €72k | €145k | €132k | €216k | €326k | ▲ 50.8% |
| Amounts payable within one year42/48 | €70k | €145k | €132k | €216k | €326k | ▲ 50.8% |
| Financial debts43 | - | - | - | - | €35k | - |
| Credit institutions430/8 | - | - | - | - | €35k | - |
| Trade debts44 | €54k | €112k | €109k | €157k | €229k | ▲ 45.4% |
| Suppliers440/4 | €54k | €112k | €109k | €157k | €229k | ▲ 45.4% |
| Advances received on contracts in progress46 | - | - | €14k | €24k | €5k | ▼ 77.6% |
| Taxes, remuneration and social security45 | €3k | €17k | €10k | €30k | €4k | ▼ 88.2% |
| Taxes450/3 | €3k | €11k | €9k | €10k | €3k | ▼ 66.9% |
| Remuneration and social security454/9 | - | €7k | €680 | €20k | €276 | ▼ 98.6% |
| Other amounts payable47/48 | €13k | €16k | - | €6k | €54k | ▲ 851% |
| Accrued charges and deferred income492/3 | €2k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €11k | €11k | €4k | €11k | ▲ 159% |
| + Depreciation and write-downs630 | €8k | €8k | €10k | €10k | €9k | ▼ 8.4% |
| Operating cash flow (approximation) | €12k | €19k | €21k | €14k | €20k | ▲ 42.6% |
| Investment in fixed assets (approximation) | - | €-6k | €-1k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €141k | €-146k | €173 | €174k | ▲ 100,855% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €11k ▲159%
Operating result €20k, net result €11k, both a record.
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 75 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 184 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2014
Ground area
158 m²
Building footprint
150 m²
Volume, LiDAR
1,124 m³
Parcel 44816K0592/00R004, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
YILDIRIM
since 20142.229.714.452
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0592/00R004 | Flanders | 157 m² | 1 · 150 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.229.714.452
Similar companies · same sector, comparable size
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VLEESWINKEL WILLEMS
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Of 3,042 companies in sector 47221 we hold annual accounts for 1,564. 1,352 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
Scores and ratios are computed by Checked and are not a credit decision.