Equity
SOFRA has made a profit without a break since 2016.
SOFRA has made a profit without a break since 2016.
Seven of the last ten came late. The 2022 accounts came latest: 184 days after the end of the period.
In July 2024, 4,508 companies had the same profile as SOFRA has now. Each dot stands for 12 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 4,508 companies, not a prediction for SOFRA. 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.
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.
| Company | ||||
|---|---|---|---|---|
| SOFRA Ghent | €396,807 | €28,599 | 17.8% | - |
| Slagerij Santens Zulte | €333,504 | €44,002 | 9.2% | - |
| SLAGERIJ JOHAN & MARTINE Lochristi | €621,182 | €41,634 | 80.7% | 0 |
| VITA ROKA Aalter | €461,932 | €24,756 | 26.1% | - |
| Haskasapoglu Aalst | €287,688 | €49,172 | 83.0% | - |
| FAGNES SAVEURS Waimes | €366,268 | €32,543 | 44.0% | - |
| 'T CHARCUTERIETJE Harelbeke | €570,453 | €28,143 | 4.8% | - |
These companies have the same main activity as SOFRA: retail sale of meat and meat products, excluding game and poultry (NACE 47221). They are comparable in size and age: total assets between €288,000 and €621,000, founded between 2005 and 2016.
SOFRA files the micro format. That format states no turnover. The gross margin rose from -€5 in 2015 to €28,599 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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 ≈ €270,000. Estimated: probably between €160,000 and €480,000.
Higher than 36% of 25,237 companies in 2025.
Higher than 40% of 24,245 companies in 2025.
Higher than 47% of 24,434 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
396,807 | 276,064 | 187,971 | 187,277 | 103,285 | 80,835 | 73,914 | 89,667 | 120,499 | 32,301 | 25,699 | |
21/28 |
11,954 | 20,780 | 29,189 | 37,722 | 40,171 | 46,235 | 52,150 | 67,385 | 84,084 | 5,783 | 7,383 | |
21 |
7,100 | 14,200 | 21,300 | 28,400 | 35,500 | 42,600 | 49,700 | 56,800 | 63,900 | - | - | |
22/27 |
2,135 | 3,861 | 5,170 | 6,603 | 2,221 | 1,185 | - | 8,135 | 17,734 | 3,333 | 4,933 | |
23 |
2,135 | 3,351 | 3,645 | 3,666 | - | - | - | - | - | - | - | |
24 |
- | 510 | 1,525 | 2,937 | 2,221 | - | - | 8,135 | 17,734 | 3,333 | 4,933 | |
28 |
2,719 | 2,719 | 2,719 | 2,719 | 2,450 | 2,450 | 2,450 | 2,450 | 2,450 | 2,450 | 2,450 | |
29/58 |
384,852 | 255,284 | 158,782 | 149,555 | 63,113 | 34,600 | 21,764 | 22,282 | 36,415 | 26,518 | 18,315 | |
3 |
- | 196,450 | 82,575 | 2,750 | 4,955 | 19,305 | 9,105 | 13,355 | 13,725 | 12,850 | - | |
30/36 |
- | 196,450 | 82,575 | 2,750 | 4,955 | 19,305 | 9,105 | 13,355 | 13,725 | 12,850 | - | |
40/41 |
210,327 | 58,566 | 54,862 | 317 | 52,275 | 15,094 | 7,473 | 5,429 | 21,440 | 12,423 | 10,965 | |
40 |
202,406 | 48,231 | 36,671 | - | 52,275 | 15,094 | 7,473 | 5,429 | 1,950 | 12,423 | 8,715 | |
41 |
7,920 | 10,336 | 18,192 | 317 | - | - | - | - | 19,490 | - | 2,250 | |
54/58 |
174,526 | 268 | 95 | 146,167 | 5,647 | 24 | 4,995 | 3,189 | 1,067 | 1,146 | 7,350 | |
490/1 |
- | - | 21,250 | 321 | 236 | 177 | 191 | 309 | 183 | 99 | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
396,807 | 276,064 | 187,971 | 187,277 | 103,285 | 80,835 | 73,914 | 89,667 | 120,499 | 32,301 | 25,699 | |
10/15 |
70,781 | 59,835 | 55,603 | 42,385 | 31,605 | 27,100 | 22,718 | 18,742 | 11,262 | 9,726 | 3,244 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 13,200 | 13,200 | 8,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | 5,400 | 5,400 | 10,400 | |
11 |
- | - | - | - | - | 18,600 | - | - | - | - | - | |
1109/19 |
- | - | - | - | - | 18,600 | - | - | - | - | - | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 142 | - | - | - | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 142 | - | - | - | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
14 |
50,321 | 39,375 | 35,143 | 21,925 | 11,145 | 6,640 | 2,258 | - | -1,938 | -3,474 | -4,956 | |
17/49 |
326,026 | 216,229 | 132,368 | 144,892 | 71,680 | 53,735 | 51,196 | 70,925 | 109,237 | 22,575 | 22,455 | |
42/48 |
326,026 | 216,229 | 132,368 | 144,892 | 69,838 | 53,735 | 51,196 | 70,925 | 109,237 | 22,575 | 22,455 | |
43 |
35,000 | - | - | - | - | - | - | - | - | - | - | |
430/8 |
35,000 | - | - | - | - | - | - | - | - | - | - | |
44 |
228,614 | 157,243 | 108,857 | 112,000 | 53,710 | 33,799 | 29,375 | 54,921 | 108,767 | 20,513 | 7,628 | |
440/4 |
228,614 | 157,243 | 108,857 | 112,000 | 53,710 | 33,799 | 29,375 | 54,921 | 108,767 | 20,513 | 7,628 | |
46 |
5,304 | 23,651 | 13,690 | - | - | - | - | - | - | - | - | |
45 |
3,511 | 29,697 | 9,821 | 17,255 | 3,053 | 6,388 | 1,599 | 2,566 | 471 | 353 | 4,879 | |
450/3 |
3,235 | 9,768 | 9,141 | 10,522 | 3,053 | 6,388 | 1,599 | 2,566 | 471 | 353 | 1,804 | |
454/9 |
276 | 19,930 | 680 | 6,733 | - | - | - | - | - | - | 3,075 | |
47/48 |
53,597 | 5,638 | - | 15,638 | 13,075 | 13,548 | 20,223 | 13,438 | - | 1,709 | 9,948 | |
492/3 |
- | - | - | - | 1,842 | - | - | - | - | - | - | |
| Income statement | ||||||||||||
9900 |
28,599 | 18,772 | 30,549 | 31,412 | 17,080 | 16,236 | 21,627 | 30,576 | 20,407 | 10,770 | -5 | |
62 |
- | - | 943 | 6,076 | 124 | 93 | 1,962 | 7,507 | 1,472 | 4,540 | - | |
630 |
8,826 | 9,631 | 10,015 | 8,453 | 7,502 | 7,120 | 11,568 | 16,699 | 16,699 | 3,600 | 3,067 | |
640/8 |
144 | 528 | 1,838 | 469 | 468 | 467 | 630 | 1,067 | 884 | 898 | 1,844 | |
9901 |
19,630 | 8,614 | 17,753 | 16,414 | 8,988 | 8,557 | 7,467 | 5,301 | 1,352 | 1,732 | -4,916 | |
75/76B |
4 | 3 | 573 | 32 | - | - | - | - | 794 | - | - | |
75 |
4 | 3 | 573 | 32 | - | - | - | - | 794 | - | - | |
65/66B |
5,301 | 3,327 | 3,301 | 2,719 | 3,253 | 2,986 | 2,300 | 2,503 | 139 | 202 | 40 | |
65 |
5,301 | 3,327 | 3,301 | 2,719 | 3,253 | 2,986 | 2,300 | 2,503 | 139 | 202 | 40 | |
9903 |
14,332 | 5,290 | 15,025 | 13,728 | 5,735 | 5,571 | 5,168 | 2,798 | 2,006 | 1,530 | -4,956 | |
67/77 |
3,387 | 1,058 | 4,266 | 2,947 | 1,230 | 1,189 | 1,192 | 718 | 471 | 48 | - | |
9904 |
10,946 | 4,232 | 10,759 | 10,780 | 4,505 | 4,381 | 3,976 | 2,080 | 1,536 | 1,482 | -4,956 | |
9905 |
10,946 | 4,232 | 10,759 | 10,780 | 4,505 | 4,381 | 3,976 | 2,080 | 1,536 | 1,482 | -4,956 | |
| Appropriation of the result | ||||||||||||
9906 |
50,321 | 39,375 | 35,143 | 21,925 | 11,145 | 6,640 | 3,976 | 142 | -1,938 | -3,474 | -4,956 | |
14P |
39,375 | 35,143 | 24,385 | 11,145 | 6,640 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 1,718 | 142 | - | - | - | |
6920 |
- | - | - | - | - | - | 1,718 | 142 | - | - | - | |
| Social balance sheet | ||||||||||||
9087 |
- | - | 1 | 0.7 | - | - | 0.4 | 0.4 | - | - | - | |
Hours worked1013 |
- | - | 28 | 292 | - | - | 63 | 408 | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00445492.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00445492 | |
| 31-12-2024 | micro format | 14-10-2025 | 2025-00541929 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00376458 | |
| 31-12-2022 | micro format | 31-01-2024 | 2024-00018092 | |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20307558 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-25600429 | |
| 31-12-2019 | micro format | 15-07-2020 | 2020-29800283 | |
| 31-12-2018 | micro format | 08-08-2019 | 2019-45300106 | |
| 31-12-2017 | micro format | 13-07-2018 | 2018-32100280 | |
| 31-12-2016 | micro format | 10-08-2017 | 2017-42100476 | |
| 31-12-2015 | abbreviated format | 26-08-2016 | 2016-48900077 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,000 | €2,000 |
| 2023 | 1 | €2,000 | €2,000 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28,455 | 18,244 | 27,767 | 24,867 | 16,489 | 15,677 | 19,035 | 22,001 | 18,051 | 5,332 | -1,849 | ||
| 19,771 | 13,863 | 20,773 | 19,233 | 12,006 | 11,501 | 15,544 | 18,780 | 18,235 | 5,082 | -1,889 | ||
| 0 | 1,222 | 1,481 | 6,003 | 1,438 | 1,205 | -3,667 | 0 | 95,000 | 2,000 | 10,450 | ||
| 174,258 | 173 | -146,072 | 140,520 | 5,623 | -4,971 | 1,806 | 2,122 | -79 | -6,205 | - | ||
| 58,826 | 39,055 | 26,415 | 4,663 | -6,725 | -19,135 | -29,432 | -48,643 | -72,823 | 3,943 | -4,139 | ||
| 17.8% | 21.7% | 29.6% | 22.6% | 30.6% | 33.5% | 30.7% | 20.9% | 9.3% | 30.1% | 12.6% | ||
| 1.18 | 1.18 | 1.20 | 1.03 | 0.90 | 0.64 | 0.43 | 0.31 | 0.33 | 1.17 | 0.82 | ||
| 1.18 | 0.27 | 0.58 | 1.01 | 0.83 | 0.28 | 0.25 | 0.13 | 0.21 | 0.61 | 0.82 | ||
| 4.61 | 3.61 | 2.38 | 3.42 | 2.27 | 1.98 | 2.25 | 3.78 | 9.70 | 2.32 | 6.92 | ||
| 15.5% | 7.1% | 19.3% | 25.4% | 14.3% | 16.2% | 17.5% | 11.1% | 13.6% | 15.2% | -152.8% | ||
| 2.8% | 1.5% | 5.7% | 5.8% | 4.4% | 5.4% | 5.4% | 2.3% | 1.3% | 4.6% | -19.3% | ||
| 5.37 | 5.48 | 8.41 | 9.15 | 5.07 | - | - | - | - | - | - |
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.
| Item | 31-12-2023 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| part-time | 1 | 1 |
| in full-time equivalents | 0.4 | 0.4 |
| 0.4 | 0.3 | |
| On a permanent contract | 1 | 1 |
| Joined | 0 | 2 |
| Left | 1 | 1 |
Source: social balance sheet in the 2022 to 2023 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,222 | €1,481 | €5,734 | €1,438 |
| Financial fixed assets | - | - | - | €269 | - |
| €8,826 | €9,631 | €10,015 | €8,453 | €7,502 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 128% higher than in 2024 and the highest since 2015. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 78.3% to 82.2%. Equity and debt are higher.
SOFRA has no parent and no holdings in its annual accounts. SOFRA shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| YILDIRIM registered office Bevrijdingslaan 119, 9000 Ghent | 06-02-2014 | 2.229.714.452 | Butcher's shop |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44816K0592/00R004 | 157 m² | 1 · 150 m² | 11.8 m · 3 |
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