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SOFRE

Active
Private limited company (pre-2019)founded 201313 yrs activeElisalaan 58, 8620 Nieuwpoort, BelgiumKBO/BCE: BE 0534.658.258
Summary

The computed 12-month bankruptcy probability of SOFRE is 1.7% (moderate). The annual accounts of SOFRE for fiscal year 2025 show a net loss of 133% of total assets and of 66% of the equity at the start of that year. The 2025 annual accounts show equity of €1,308 and a net result of -€2,532. Equity is shrinking by ~24.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
59 / 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency94▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
balance sheet total too small for a liquidity verdict.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Age of the figures
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 13 years 0 20 y
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,532
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-09-2026, 50 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 filings
Deviation from the deadline
2025
50 d late
2024
34 d late
2023
29 d late
2022
24 d late
2021
20 d late
2020
27 d late
2019
25 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 30 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 23 May 2013, SOFRE was incorporated.1 Total assets went from EUR 30,931 in 2018 to EUR 1,903 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€1,308▼ 65.9%
2024 · €3,840
Total assets
€1,903▼ 54.4%
2024 · €4,174
Net result
-€2,532▲ 25.0%
2024 · -€3,376
Working capital
€1,308▼ 65.9%
2024 · €3,840
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€1,945▲ 40.6%-€1,875▲ 3.6%-€2,736▼ 45.9%-€3,332▼ 21.8%-€2,487▲ 25.4%
Net result-€1,978▲ 40.2%-€1,919▲ 3.0%-€2,775▼ 44.6%-€3,376▼ 21.6%-€2,532▲ 25.0%
Equity€11,910▼ 14.2%€9,991▼ 16.1%€7,216▼ 27.8%€3,840▼ 46.8%€1,308▼ 65.9%
Total assets€12,121▼ 12.7%€11,926▼ 1.6%€8,067▼ 32.4%€4,174▼ 48.3%€1,903▼ 54.4%
Debt€211€1,935▲ 817%€851▼ 56.0%€333▼ 60.8%€595▲ 78.5%
Working capital€11,910€9,991▼ 16.1%€7,216▼ 27.8%€3,840▼ 46.8%€1,308▼ 65.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€4,000-€3,000-€2,000-€1,000€0Operating result 2021: -€1,945-€1,945Net result 2021: -€1,978-€1,978Operating result 2022: -€1,875-€1,875Net result 2022: -€1,919-€1,919Operating result 2023: -€2,736-€2,736Net result 2023: -€2,775-€2,775Operating result 2024: -€3,332-€3,332Net result 2024: -€3,376-€3,376Operating result 2025: -€2,487-€2,487Net result 2025: -€2,532-€2,53220212022202320242025-€4,000-€3,000-€2,000-€1,000€0Operating result 2023: -€2,736-€2,740Net result 2023: -€2,775-€2,780Operating result 2024: -€3,332-€3,330Net result 2024: -€3,376-€3,380Operating result 2025: -€2,487-€2,490Net result 2025: -€2,532-€2,530202320242025
The operating result stays negative: a loss of €2,487 in 2025 against €3,332 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1,903
Equity €1,308 ▼ 65.9%
Debt €595 ▲ 78.5%
Debt's share of the balance-sheet total rises from 8.0% to 31.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€595▲
2024 · €333
Ratios withheld: a balance sheet total of €1,903 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.9% went bankrupt
9.8% stopped otherwise
88% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,815 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 24 lines
Balance sheet Code20242025
Assets
Total assets20/58€4,174€1,903▼
Current assets29/58€4,174€1,903▼
Amounts receivable within one year40/41-€458
Other amounts receivable41-€458
Cash at bank and in hand54/58€4,174€1,445▼
Equity and liabilities
Total equity and liabilities10/49€4,174€1,903▼
Equity10/15€3,840€1,308▼
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14-€14,760-€17,292▼
Amounts payable17/49€333€595▲
Amounts payable within one year42/48€333€595▲
Trade debts44€126€595▲
Suppliers440/4€126€595▲
Other amounts payable47/48€207-
Income statement Code20242025
Other operating charges640/8€1,940€628▼
Gross operating margin9900-€1,393-€1,860▼
Operating profit (loss)9901-€3,332-€2,487▲
Financial charges65/66B€44€45▲
Recurring financial charges65€44€45▲
Profit (loss) for the period before taxes9903-€3,376-€2,532▲
Profit (loss) for the period9904-€3,376-€2,532▲
Profit (loss) for the period to be appropriated9905-€3,376-€2,532▲
Appropriation of the result
Profit (loss) to be appropriated9906-€14,760-€17,292▼
Profit (loss) brought forward from the previous period14P-€11,384-€14,760▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€659€560€599€1,940€628▼ 67.6%
Gross operating margin9900-€1,287-€1,316-€2,137-€1,393-€1,860▼ 33.6%
Operating profit (loss)9901-€1,945-€1,875-€2,736-€3,332-€2,487▲ 25.4%
Financial charges65/66B€32€43€39€44€45▲ 3.4%
Recurring financial charges65€32€43€39€44€45▲ 3.4%
Profit (loss) for the period before taxes9903-€1,978-€1,919-€2,775-€3,376-€2,532▲ 25.0%
Profit (loss) for the period9904-€1,978-€1,919-€2,775-€3,376-€2,532▲ 25.0%
Profit (loss) for the period to be appropriated9905-€1,978-€1,919-€2,775-€3,376-€2,532▲ 25.0%
Line20212022202320242025Change
Assets
Total assets20/58€12,121€11,926€8,067€4,174€1,903▼ 54.4%
Current assets29/58€12,121€11,926€8,067€4,174€1,903▼ 54.4%
Amounts receivable within one year40/41€11,838-€1,153-€458-
Other amounts receivable41€11,838-€1,153-€458-
Cash at bank and in hand54/58€283€11,926€6,913€4,174€1,445▼ 65.4%
Equity and liabilities
Total equity and liabilities10/49€12,121€11,926€8,067€4,174€1,903▼ 54.4%
Equity10/15€11,910€9,991€7,216€3,840€1,308▼ 65.9%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Profit (loss) carried forward14-€6,690-€8,609-€11,384-€14,760-€17,292▼ 17.2%
Amounts payable17/49€211€1,935€851€333€595▲ 78.5%
Amounts payable within one year42/48€211€1,935€851€333€595▲ 78.5%
Trade debts44€211€384-€126€595▲ 372%
Suppliers440/4€211€384-€126€595▲ 372%
Other amounts payable47/48-€1,551€851€207--
Line20212022202320242025Change
Profit (loss) for the period9904-€1,978-€1,919-€2,775-€3,376-€2,532▲ 25.0%
Operating cash flow (approximation)-€1,978-€1,919-€2,775-€3,376-€2,532▲ 25.0%
Change in cash-€11,643-€5,013-€2,740-€2,728▲ 0.4%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
19-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 50 days late
2025
03-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 34 days late
2024
31-12
Financial Weakest financial yearnet -€3,376
Net result drops to -€3,376, the lowest in the series; recovery starts the following year.
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
24-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
20-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
2021
27-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
25-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial Liquidity times 13current ratio 37.46
Current ratio from 2.96 to 37.46; short-term debt falls from €10,442 to €473.
29-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 act for this company is 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, Nieuwpoort · 1 establishment unit since 2013
seat establishment The establishment unit on the map
Ground area
4,161 m²
Building footprint
418 m²
Volume, LiDAR
3,839 m³
Parcel 38402D0429/00H000, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Elisalaan 58, 8620 Nieuwpoort
Real estate development
since 20132.219.952.787
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
38402D0429/00H000 Flanders 4,161 m² 1 · 418 m² 12.6 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded23-05-2013
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.