SOFRED
ActiveSummary
SOFRED has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €114k and a net result of €-59k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 61% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-75
Solvency70▼-12
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 2.25 in 2023; short-term debt: 36.4% and cash: 41.4% of total assets), but 54.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 →
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 2024Solvency, return and age of the figures
Solvency
45.1%
Return on assets
-23.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
42 d early
2022
38 d early
2021
37 d early
2020
46 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€114k▼ 34.3%
2023 · €173k
2018: €132k
2019: €133k▲ +0.8% vs 2018
2020: €98k▼ -26.8% vs 2019lowest in 7 years
2021: €160k▲ +63.9% vs 2020
2022: €158k▼ -1.6% vs 2021
2023: €173k▲ +10.0% vs 2022highest in 7 years
2024: €114k▼ -34.3% vs 2023
2018 → 2024
Total assets
€253k▼ 16.8%
2023 · €303k
2018: €300k
2019: €263k▼ -12.3% vs 2018
2020: €229k▼ -12.8% vs 2019lowest in 7 years
2021: €281k▲ +22.5% vs 2020
2022: €276k▼ -1.8% vs 2021
2023: €303k▲ +10.1% vs 2022highest in 7 years
2024: €253k▼ -16.8% vs 2023
2018 → 2024
Net result
€-59k
2023 · €16k
2018: €-7k
2019: €997▲ +113% vs 2018
2020: €-36k▼ -3681% vs 2019
2021: €62k▲ +275% vs 2020highest in 7 years
2022: €-3k▼ -104% vs 2021
2023: €16k▲ +720% vs 2022
2024: €-59k▼ -476% vs 2023lowest in 7 years
2018 → 2024
Working capital
€70k▼ 33.2%
2023 · €105k
2018: €24klowest in 7 years
2019: €37k▲ +53.7% vs 2018
2020: €54k▲ +45.2% vs 2019
2021: €67k▲ +23.6% vs 2020
2022: €66k▼ -1.2% vs 2021
2023: €105k▲ +58.3% vs 2022highest in 7 years
2024: €70k▼ -33.2% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€98k-€160k▲ 63.9%€158k▼ 1.6%€173k▲ 10.0%€114k▼ 34.3%
2020: €98klowest in 5 years
2021: €160k▲ +63.9% vs 2020
2022: €158k▼ -1.6% vs 2021
2023: €173k▲ +10.0% vs 2022highest in 5 years
2024: €114k▼ -34.3% vs 2023
Operating result€-31k-€68k€43▼ 99.9%€23k▲ 54,063%€-54k
2020: €-31k
2021: €68k▲ +317% vs 2020highest in 5 years
2022: €43▼ -99.9% vs 2021
2023: €23k▲ +54063% vs 2022
2024: €-54k▼ -331% vs 2023lowest in 5 years
Net result€-36k-€62k€-3k€16k€-59k
2020: €-36k
2021: €62k▲ +275% vs 2020highest in 5 years
2022: €-3k▼ -104% vs 2021
2023: €16k▲ +720% vs 2022
2024: €-59k▼ -476% vs 2023lowest 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 turns negative in 2024: a loss of €54k after €23k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €253k
Fixed assets
€91k ▼ 21.3%
Current assets
€162k ▼ 14.1%
Equity and liabilities €253k
Equity
€114k ▼ 34.3%
Debt
€139k ▲ 6.5%
Debt's share of the balance-sheet total rises from 42.9% to 54.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-16k▼
2023 · €60k
Cash flow
€-22k▼
2023 · €52k
Current ratio
1.76▼
2023 · 2.25
Debt to equity
1.22▲
2023 · 0.75
ROE
-52.2%▼
2023 · 9.1%
ROA
-23.5%▼
2023 · 5.2%
Interest coverage
-3.04▼
2023 · 16.99
Debt ≤ 1 year
€92k▲
2023 · €84k
Debt > 1 year
€11k▼
2023 · €18k
Income taxes
€303▼
2023 · €4k
Staff costs
€236k▲
2023 · €209k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€303k€253k▼
Fixed assets21/28€115k€91k▼
Tangible fixed assets22/27€115k€87k▼
Plant, machinery and equipment23€77k€61k▼
Furniture and vehicles24€21k€13k▼
Other tangible fixed assets26€17k€12k▼
Financial fixed assets28€60€3k▲
Current assets29/58€188k€162k▼
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€76k€32k▼
Trade receivables40€76k€32k▼
Other amounts receivable41-€137
Cash at bank and in hand54/58€88k€104k▲
Deferred charges and accrued income490/1€25k€26k▲
Equity and liabilities
Total equity and liabilities10/49€303k€253k▼
Equity10/15€173k€114k▼
Contributions10/11€224k€224k=
Reserves13€3k€3k=
Tax-exempt reserves132€3k€3k=
Profit (loss) carried forward14€-53k€-113k▼
Amounts payable17/49€130k€139k▲
Amounts payable after more than one year17€18k€11k▼
Financial debts170/4€18k€11k▼
Amounts payable within one year42/48€84k€92k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€34k€41k▲
Suppliers440/4€34k€41k▲
Taxes, remuneration and social security45€39k€42k▲
Taxes450/3€12k€12k▼
Remuneration and social security454/9€27k€30k▲
Other amounts payable47/48€3k€2k▼
Accrued charges and deferred income492/3€28k€36k▲
Income statement
Code20232024
Non-recurring operating income76A-€30k
Remuneration, social security and pensions62€209k€236k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€37k▲
Other operating charges640/8€4k€11k▲
Gross operating margin9900€273k€231k▼
Operating profit (loss)9901€23k€-54k▼
Financial income75/76B€33€23▼
Recurring financial income75€33€23▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€20k€-59k▼
Income taxes67/77€4k€303▼
Profit (loss) for the period9904€16k€-59k▼
Profit (loss) for the period to be appropriated9905€16k€-59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-53k€-113k▼
Profit (loss) brought forward from the previous period14P€-69k€-53k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6k | - | - | €30k | - |
| Remuneration, social security and pensions62 | - | €146k | €188k | €209k | €236k | ▲ 12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63k | €22k | €30k | €37k | €37k | ▲ 2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €100 | - | - | - | - |
| Other operating charges640/8 | - | €7k | €3k | €4k | €11k | ▲ 174% |
| Gross operating margin9900 | €178k | €243k | €221k | €273k | €231k | ▼ 15.7% |
| Operating profit (loss)9901 | €-31k | €68k | €43 | €23k | €-54k | ▼ 331% |
| Financial income75/76B | - | €58 | €68 | €33 | €23 | ▼ 30.3% |
| Recurring financial income75 | €42 | €58 | €68 | €33 | €23 | ▼ 30.3% |
| Financial charges65/66B | - | €2k | €2k | €4k | €5k | ▲ 51.9% |
| Recurring financial charges65 | €3k | €2k | €2k | €4k | €5k | ▲ 51.9% |
| Profit (loss) for the period before taxes9903 | €-35k | €65k | €-2k | €20k | €-59k | ▼ 399% |
| Income taxes67/77 | €1k | €3k | €292 | €4k | €303 | ▼ 92.4% |
| Profit (loss) for the period9904 | €-36k | €62k | €-3k | €16k | €-59k | ▼ 476% |
| Profit (loss) for the period to be appropriated9905 | €-36k | €62k | €-3k | €16k | €-59k | ▼ 476% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €229k | €281k | €276k | €303k | €253k | ▼ 16.8% |
| Fixed assets21/28 | €60k | €106k | €117k | €115k | €91k | ▼ 21.3% |
| Tangible fixed assets22/27 | €60k | €106k | €117k | €115k | €87k | ▼ 24.2% |
| Plant, machinery and equipment23 | - | €62k | €69k | €77k | €61k | ▼ 20.6% |
| Furniture and vehicles24 | - | €21k | €29k | €21k | €13k | ▼ 36.0% |
| Other tangible fixed assets26 | - | €23k | €18k | €17k | €12k | ▼ 26.2% |
| Financial fixed assets28 | €60 | €60 | €60 | €60 | €3k | ▲ 5,642% |
| Current assets29/58 | €169k | €174k | €159k | €188k | €162k | ▼ 14.1% |
| Stocks and contracts in progress3 | €17k | €37k | €30k | €0 | - | - |
| Stocks30/36 | - | €37k | €30k | €0 | - | - |
| Amounts receivable within one year40/41 | €36k | €41k | €33k | €76k | €32k | ▼ 58.0% |
| Trade receivables40 | - | €36k | €28k | €76k | €32k | ▼ 58.2% |
| Other amounts receivable41 | - | €5k | €5k | - | €137 | - |
| Cash at bank and in hand54/58 | €110k | €91k | €89k | €88k | €104k | ▲ 19.2% |
| Deferred charges and accrued income490/1 | - | €5k | €7k | €25k | €26k | ▲ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €229k | €281k | €276k | €303k | €253k | ▼ 16.8% |
| Equity10/15 | €98k | €160k | €158k | €173k | €114k | ▼ 34.3% |
| Contributions10/11 | - | €224k | €224k | €224k | €224k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Tax-exempt reserves132 | - | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-129k | €-66k | €-69k | €-53k | €-113k | ▼ 112% |
| Amounts payable17/49 | €131k | €121k | €118k | €130k | €139k | ▲ 6.5% |
| Amounts payable after more than one year17 | €1k | - | €9k | €18k | €11k | ▼ 41.1% |
| Financial debts170/4 | - | - | €9k | €18k | €11k | ▼ 41.1% |
| Amounts payable within one year42/48 | €115k | €107k | €92k | €84k | €92k | ▲ 10.0% |
| Current portion of amounts payable after more than one year42 | - | €1k | €3k | €7k | €7k | ▲ 4.0% |
| Financial debts43 | - | €4 | - | - | - | - |
| Credit institutions430/8 | - | €4 | - | - | - | - |
| Trade debts44 | €23k | €59k | €58k | €34k | €41k | ▲ 18.6% |
| Suppliers440/4 | - | €59k | €58k | €34k | €41k | ▲ 18.6% |
| Taxes, remuneration and social security45 | - | €47k | €29k | €39k | €42k | ▲ 7.7% |
| Taxes450/3 | - | €30k | €9k | €12k | €12k | ▼ 6.5% |
| Remuneration and social security454/9 | - | €17k | €20k | €27k | €30k | ▲ 14.4% |
| Other amounts payable47/48 | - | - | €2k | €3k | €2k | ▼ 42.4% |
| Accrued charges and deferred income492/3 | - | €13k | €17k | €28k | €36k | ▲ 26.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-36k | €62k | €-3k | €16k | €-59k | ▼ 476% |
| + Depreciation and write-downs630 | €63k | €22k | €30k | €37k | €37k | ▲ 2.2% |
| Operating cash flow (approximation) | €27k | €85k | €28k | €52k | €-22k | ▼ 142% |
| Investment in fixed assets (approximation) | - | €-68k | €-41k | €-35k | €-13k | ▲ 62.4% |
| Change in cash | - | €-19k | €-3k | €-1k | €17k | ▲ 1,569% |
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-59k
Net result drops to €-59k, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €62k
Net result €62k after one loss-making year.
31-12
Financial
Equity above €150kEq €160k ▲63.9%
Equity rises from €98k to €160k.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €997
Net result €997 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
02-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Wavre · 2 establishment units since 1996
Ground area
5,949 m²
Building footprint
727 m²
Volume, LiDAR
3,607 m³
2 parcels, Wallonia · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
LE CAR WASH DE WAVRE
since 19962.076.294.797
SOFRED
since 20262.386.275.521
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772F0123/00C000 | Wallonia | 4,313 m² | 1 · 444 m² | 5.9 m · 2 fl. |
| 25772F0126/00T004 | Wallonia | 1,636 m² | 1 · 283 m² | 5.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GSL ARDENNES
BE 0883.782.044
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A.L.D. Motor
BE 0546.656.564
Mons · Eq €113,771
SINICARS
BE 0822.941.367
Sint-Gillis-Waas · Eq €113,768
JOKER CARS
BE 0673.497.922
Brussel · Eq €113,667
Ets DU PONT
BE 0867.364.694
Wavre · Eq €113,602
Of 10,667 companies in sector 47811 we hold annual accounts for 5,220. 3,680 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
Founded01-04-1996
Fiscal year end31-12
Trade name FR
Le Car Wash de Wavre(Longchamps)
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95316Washing and cleaning of motor vehicles
Scores and ratios are computed by Checked and are not a credit decision.