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SOFRA

Active Private limited company (pre-2019)founded 2019active for 7 yearsNieuwstraat 2, 3581 BeringenKBO/BCE: BE 0725.683.130 #3 company by equity in Beringen, Accommodation and food service sector
SOFRA
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €612,953 (2024)
€588,341▼ 4.0%
peak €222,685 (2024)
€97,507▼ 56.2%
peak €527,269 (2025)
€527,269▲ 22.7%
€148,990▲ 10.7%
Board1 name since 2019
1 directorBAKI Adnan
Documentsfilings and deeds
21-08-202621 days late
2025abbreviated format
Result from €222,685 to €97,507Equity from €429,762 to €527,269Investments €208,602Cash from €199,742 to €75,781

Key points

from the 2025 annual accounts

Equity

€527,269 ▲ 22.7%

SOFRA has made a profit in every financial year since 2020.

Result

€97,507 ▼ 56.2%
€223,0002024€97,5002025

The result fell in 2025: different schema filed.

Turnover

≈ €1.4m estimated

The accounts state no turnover.

Investments

€208,602 2.9 × depreciation
20212022202320242025

Green is investment, beige is depreciation. Machinery stands 29.6% higher than in 2024.

Filings

6 annual accounts 1 late
AprilJune31 JulyOctober202020222024

The 2025 accounts came 21 days late. The other five were filed on time.

Position in the sector

78.0%

Higher solvency than 90% of companies in food and beverage service. Sector median 29.8% · 4,843 companies.

Checked score

84
Excellent
Financially stronger than 74% of micro companies in food and beverage service (NACE 56)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.5%▲ +0.1 percentage points vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.2%▼ -0.3 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.3%▲ +0.1 percentage points vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.1 percentage points vs 06-2026 08-2026: 0.6%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.5%▼ -0.1 percentage points vs 08-2026 10-2026: 0.6%▲ +0.1 percentage points vs 09-2026 11-2026: 0.6%● unchanged vs 10-2026

Financial strength
Strong

100=equity 78.0% of total assets
56-30short-term debt 22.0% · cash 11.2%
87-13return on assets 14.4%

Score breakdown

raises risk
Sector: Food and beverage service activities (NACE 56)
Founded in 2019
lowers risk
Figures for financial year 2025 (filed on 26-08-2026)
Size: total assets €676,260
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 94% of them on solvency, 60% on liquidity, 75% on profitability and 68% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 6,782 companies had the same profile as SOFRA has now. Each dot stands for 17 companies, two years later.

96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of SOFRA itself: 0.6% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3.0% 3.1%
10 5.6% 6.2%

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 6,782 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.

Credit verdict

Credit of up to €40,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.66 (3.13 in 2024), above the usual 1.5. Short-term debt is 22% and cash 11.2% of total assets. 22% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · Founded in 2019
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 26-08-2026)
NBB · annual accounts
lowers risk · Size: total assets €676,260
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filings
Deviation from the deadline
2025
21 days late
2024
34 days early
2023
29 days early
2022
8 days early
2021
37 days early
2020
36 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 21 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

BA
BAKI Adnan
Manager
  • BAKI Adnan founderdeed of 29-04-2019
  • USTA Mehmed Erol founderdeed of 29-04-2019
Board & ownership

Recent changes

Resignations & appointments Director discharge: Usta Mehmed Erol · Director in office: Baki Adnan · General meeting of 10-06-2020 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0725683130
Incorporation Founders: BAKI Adnan (partner and founder) and USTA Mehmed Erol (partner and founder) · Founding capital of €18,600, 100 shares, €6,200 paid up · Appointment: BAKI Adnan (manager) · published on 29-04-2019 · Gazette deed
First establishment Nieuwstraat 2, Beringen
All 13 events

Comparable companies

same main activity, similar in size and age
Company
SOFRA Beringen €676,260 €588,341 78.0% -
MTR Investments Nieuwpoort €644,834 €611,806 10.1% 5.3
Tram 3 Antwerp €628,058 €574,784 32.3% 6.5
Les Elysées Sint-Martens-Latem €674,089 €636,218 78.3% 9.7
Liebrechts Middelkerke €638,723 €540,616 3.3% -
MURNI WILRIJK Antwerp €742,997 €578,757 18.0% 12.7
FRY WILLY Ghent €611,104 €562,556 9.8% 5.8

These companies have the same main activity as SOFRA: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €611,000 and €743,000, founded between 2018 and 2019.

Official details

Source: KBO
Status
Active since 25-04-2019Normal situation
Activity
Full-service restaurantsNACE 56111and 1 other
Establishment unit
2.289.080.2343581 Beringen, since 25-04-2019
Financial year end
31 December
Peppol
Reachable since 21-10-2025
Company details

Annual accounts 2025

€588,341▼ 4.0%
€97,507▼ 56.2%
€527,269▲ 22.7%
€676,260▲ 19.8%
Filing
Filed on 21-08-2026
Financials

Insights on SOFRA

SOFRA files the abbreviated format. That format states no turnover. The gross margin rose from €59,657 in 2020 to €588,341 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 21-08-2026, 21 days late
€588,341
▼ 4.0%
€129,308
▼ 56.6%
€97,507
▼ 56.2%
€247,894
▼ 13.7%
78.0%
▲ 1.8 percentage points
2.66
▼ 0.47

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.4m. Estimated: probably between €1.3m and €1.9m.

In the rankings #3 company by equity in Beringen, Accommodation and food service sector#10 company by total assets in Beringen, Accommodation and food service sector

Balance sheet

balance sheet total €676,260 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

78.0%

Higher than 90% of 4,843 companies in 2025.

2.66

Higher than 83% of 4,741 companies in 2025.

14.4%

Higher than 77% of 4,765 companies in 2025.

SOFRA Middle half of the sector 80% of the sector Abbreviated accounts in food and beverage service (NACE 56)

Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 676,260564,328270,953121,55479,60054,014
21/28 279,375142,654116,52348,73432,74015,337
21 ----11,03412,534
22/27 279,375142,654116,52348,73421,7052,803
23 124,19095,85657,55038,7338,129-
24 155,18546,79858,97310,00113,5762,803
29/58 396,884421,673154,43072,82046,86138,677
3 3,1153,1153,1153,1153,1155,012
30/36 3,1153,1153,1153,1153,1155,012
40/41 317,989218,81628,179-2,095-
40 68902,409---
41 317,300218,81625,770-2,095-
54/58 75,781199,742123,13669,70541,65133,665
Balance sheet: equity and liabilities
10/49 676,260564,328270,953121,55479,60054,014
10/15 527,269429,762207,07769,37052,02421,143
10/11 18,60018,60018,60018,60018,60016,400
10 18,60018,60018,600---
100 18,60018,60018,600---
14 508,669411,162188,47750,77033,4244,743
17/49 148,990134,56663,87652,18427,57632,871
42/48 148,990134,56663,87652,18427,57629,986
44 25,000---15,4439,858
440/4 25,000---15,4439,858
45 123,990134,56653,4413,22811,91018,084
450/3 123,990134,56653,4413,22810,13018,084
454/9 ----1,780-
47/48 --10,43548,9562232,043
492/3 -----2,885
Income statement
9900 588,341612,953383,880129,60876,83259,657
62 374,561271,774169,06393,31534,41150,241
630 71,88137,87824,41912,0947,8463,663
640/8 12,5925,1455,6616213,207614
9901 129,308298,157184,73723,57831,3685,140
75/76B 14,5267,4121,457-027
75 14,5267,4121,457-027
65/66B 7,3166,8405,7613,2432,686423
65 7,3166,8405,7613,2432,686423
9903 136,518298,729180,43320,33528,6814,743
67/77 39,01076,04442,7262,989--
9904 97,507222,685137,70817,34628,6814,743
9905 97,507222,685137,70817,34628,6814,743
Appropriation of the result
9906 508,669411,162188,47750,77033,4244,743
14P 411,162188,47750,77033,4244,743-
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 4 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 21-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 21 days after the deadline. Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00425041.

Financial year Type Filed Reference Document
31-12-2025 abbreviated format 21-08-2026 2026-00425041 PDF
31-12-2024 micro format 27-06-2025 2025-00192188 PDF
31-12-2023 micro format 02-07-2024 2024-00202364 PDF
31-12-2022 micro format 23-07-2023 2023-00269057 PDF
31-12-2021 micro format 24-06-2022 2022-20088213 PDF
31-12-2020 micro format 25-06-2021 2021-24600315 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
201,189336,034209,15635,67239,2148,802
169,388260,562162,12729,43936,5278,406
208,60264,00992,20843,08825,24819,000
-123,96176,60653,43128,0547,986-
247,894287,10890,55520,63619,2858,691
78.0%76.2%76.4%57.1%65.4%39.1%
2.663.132.421.401.701.29
2.643.112.371.341.591.12
0.280.310.310.750.531.55
18.5%51.8%66.5%25.0%55.1%22.4%
14.4%39.5%50.8%14.3%36.0%8.8%
27.5049.1336.3111.0014.60-

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.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€208,602€64,009€92,208€43,088€25,248
€71,881€37,878€24,419€12,094€7,846

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on SOFRA

The operating result for 2025 is 57% lower than in 2024 and the lowest since 2022.

Debt's share of the balance-sheet total falls from 23.8% to 22.0%. Equity and debt are higher.

Large changes and their cause
  • 2025 Net result -56% on 2024. The accounts now follow the abbreviated format, last year the micro format.

Board & ownership

Board

1 director, since incorporation
BAKI Adnan
Manager (not named in the articles)
appointed by deed of 29-04-2019 term without a fixed end
listed in the 2022 annual accounts, filed on 23-07-2023
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“8) Bestuur en vertegenwoordiging De vennootschap wordt bestuurd door één of meer zaakvoerders, al dan niet vennoten. De zaakvoerders kunnen…”
deed of 29-04-2019

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
BAKI Adnan
Manager (not named in the articles)
Board
Mandates as a list
  • BAKI Adnan
    • Manager (not named in the articles), appointed by deed of 29-04-2019, still in office

See the board, name and registered office on a given date →

Control

Founders
BAKI Adnan, USTA Mehmed Erol
This company
SOFRA
Equity €527,269
Profit €97,507 in 2025

Capital

Capital
€18,600
Source
2025 annual accounts

Articles of association

deed of 29-04-2019 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of June at 20:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Wettelijk voorziene machten,tenzij algemene vergadering anders beslist met gewone meerderheid, zaakvoerders in functie van rechtswege,tenzij…”

Founders

At incorporation deed of 29-04-2019 ↗
  • BAKI Adnan founder
  • USTA Mehmed Erol founder

Network & group

No group

SOFRA has no parent and no holdings in its annual accounts. BAKI Adnan is the only director. SOFRA shares no director with another company.

Timeline

Timeline

13 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Resignations & appointmentsDirector discharge: Usta Mehmed Erol · Director in office: Baki Adnan · General meeting of 10-06-20202 points ▸
  • General meeting, 10-06-2020
  • Director discharge, Usta Mehmed Erol
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed NBBabbreviated format · 21 days late
2025
Equity above €500,000 equity €527,269 ▲22.7% With a profit in every financial year since 2020, equity grows to €527,269.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0725683130
Annual accounts 2024 filed PDFmicro format · 34 days before the deadline
2024
Highest result from 2020 to 2025 net €222,685 ▲61.7% The operating result of €298,157 and the net result of €222,685 are both a record.
Annual accounts 2023 filed PDFmicro format · 29 days before the deadline
2023
Equity above €200,000 equity €207,077 ▲199% With a profit in every financial year since 2020, equity grows to €207,077.
Annual accounts 2022 filed PDFmicro format · 8 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 37 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 36 days before the deadline
2019
IncorporationFounders: BAKI Adnan (partner and founder) and USTA Mehmed Erol (partner and founder) · Founding capital of €18,600, 100 shares, €6,200 paid up · Appointment: BAKI Adnan (manager) · published on 29-04-20194 points ▸
  • Founder, BAKI Adnan (partner and founder)
  • Founder, USTA Mehmed Erol (partner and founder)
  • Founding capital, €18,600, 100 shares
  • Director appointment, BAKI Adnan (manager (not named in the articles))
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

First establishment Nieuwstraat 2, Beringen

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

SOFRA was incorporated on 25 April 2019.1 BAKI Adnan is manager of the company, appointed by deed of 29-04-2019.2 Total assets rose from €54,014 in 2020 to €676,260 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 29-04-2019
  3. 3National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0725.683.130
VAT number
BE 0725.683.130
Peppol ID
0208:0725683130
Other Peppol ID
9925:BE0725683130
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
25-04-2019
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of June at 20:00
deed of 29-04-2019 (in Dutch)
Peppol
Reachable since 21-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
SOFRA in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-04-2019 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Nieuwstraat 2, 3581 Beringen (Beverlo)”
deed of 29-04-2019 (in Dutch)

Activities

NACEBEL 2025
VAT activities
56111 Full-service restaurants main activity
Social security (RSZ) activities
56112 Limited-service restaurants, excluding mobile food services main activity
Codes under NACEBEL 2008
VAT activities
56101 Full-service restaurants main activity
Social security (RSZ) activities
56102 Limited-service restaurants main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het uitbaten van een horeca zaak,in de meest ruime zin; Pizzeria of Kebap-zaak,in de meest ruime zin; Brasserie,in de meest ruime zin…”
10 activities
  1. Het uitbaten van een horeca zaak,in de meest ruime zin
  2. Pizzeria of Kebap-zaak,in de meest ruime zin
  3. Brasserie,in de meest ruime zin
  4. Organiseren van evenementen in de meest ruime zin
  5. De vennootschap mag alle burgerlijke,industriële,commerciële,financiële,roerende en onroerende handelingen stellen in rechtstreeks of onrechtstreeks verband met haar doel,die van aard zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden,of die daartoe noodzakelijk zijn,nuttig of zelfs alleen maar bevorderen.
  6. De vennootschap mag haar doel verwezenlijken,zowel in het binnen als in het buitenland,op alle wijzen die zij het meest geschikt zal achten.
  7. Alle onroerende verrichtingen voor zover geen erkenning als makelaar vereist is.
  8. Houdstermaatschappij van aandelen.
  9. Deze opsomming is niet beperkend en dient in de meest ruime zin worden geïnterpreteerd.
  10. De vennootschap kan alle verrichtingen uitvoeren die nodig of dienstig zijn voor de verwezenlijking van haar doel.
deed of 29-04-2019 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit numberFASFC approval
Nieuwstraat 2 registered office 3581 Beringen 5611101 Full-service restaurants 25-04-2019 2.289.080.234 Pitta house, pitta bar

Buildings and parcels at the address

Ground area
281 m²
Buildings
223 m²
Volume, LiDAR
1,486 m³
Tallest building
10.4 m
Buildings to scale, each on its own parcel
223 m², 10.4 m 223 m², 10.4 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
71005C1331/00A011280 m² 1 · 223 m² 10.4 m · 3

Recognitions

Food safety, FASFC

1 site
Beringenunit number 2.289.080.234
1 permission
Authorisation · Pitta house, pitta bar · since 20-05-2019

Source: FAVV-AFSCA, open data, updated on 02-11-2026

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