Result
-€844 ▲ 98.6%
The result rose in 2025 from -€59,429 to -€844.
SOFRED
Lifetime
20 annual accounts with figures on one time axis, 29 filings since 1997peak €273,426 (2023)
€224,183▼ 2.8%
lowest -€59,429 (2024)
-€844▲ €58,585
peak €173,343 (2023)
€113,070▼ 0.7%
€109,073▼ 21.3%
peak 5.9 FTE (2020)
-not published
Board3 names since 2018
3 directorsDE HAUWERE Edda and 2 others
Documentsfilings and deeds
25-06-202636 days before the deadline
2025micro format
Loss of €844Changes of role: VAN LAETHEM Jean Pierre (director), DE HAUWE… 02-10Debts from €138,620 to €109,073
Key points
from the 2025 annual accountsInvestments
€54,297 1.5 × depreciation
Green is investment, beige is depreciation.
Filings
29 annual accounts since 1997
The last five annual accounts were filed 35 to 42 days before the end of the period.
Checked score
95
Excellent
Financially stronger than 60% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.2 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.4%▲ +0.1 percentage points vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026highest value
10-2026: 0.1%▼ -0.6 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Retail trade (NACE 47)
lowers risk
Liquidity: current ratio 1.94, cash €107,123
Founded in 1996
Equity €113,070 (50.9% of total assets)
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 47, micro). It does better than 65% of them on solvency, 88% on liquidity, 48% on profitability and 37% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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, 12,322 companies had the same profile as SOFRED has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOFRED itself: 0.1% 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.
| 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 12,322 companies, not a prediction for SOFRED. 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 €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.94 (1.76 in 2024), above the usual 1.5. Short-term debt is 33.9% and cash 48.2% of total assets. 49.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€844
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 days early
2024
35 days early
2023
42 days early
2022
38 days early
2021
37 days early
2020
46 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 24 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
New establishment in Wavre
Chaussée de Louvain 501
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0457653423
Changes of role: VAN LAETHEM Jean Pierre (director), DE HAUWERE Edda (statutory director) and VAN LAETHEM Frédéric Georges Marguerite (director)
Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 29-09-2025 · Gazette deed
First establishment
LE CAR WASH DE WAVRE, Chaussée de Louvain 494, Wavre
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOFRED Wavre | €222,143 | €224,183 | 50.9% | - |
| Garage du Centre Saint-Léger (Lux.) | €236,133 | €231,761 | 10.5% | - |
| GARAGE GOSSELIN Lessines | €209,071 | €222,793 | 29.9% | - |
| GARAGE MEULEMANS Begijnendijk | €267,902 | €208,037 | 81.2% | - |
| DESABLENS Leuze-en-Hainaut | €224,923 | €309,255 | 46.0% | - |
| SRL GARAGE ROLAND FAMEREE Marchin | €244,332 | €263,024 | 57.6% | - |
| AUTOMECAR GENVAL Rixensart | €325,805 | €149,693 | 78.4% | - |
These companies have the same main activity as SOFRED: retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811). They are comparable in size and age: total assets between €209,000 and €326,000, founded between 1990 and 2001.
Official details
Source: KBO- Status
- Active since 01-04-1996Normal situation
- Activity
- Retail sale of cars and light vans (up to 3.5 tonnes)NACE 47811and 1 other
- Joint committee
- 121Cleaning · annual accounts 2025
- Establishment units
- 2.076.294.7971300 Wavre, since 29-04-1996
- 2.386.275.5211300 Wavre, since 01-01-2026
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Annual accounts 2025
- ≈ €1.3mestimated
- €222,143▼ 12.0%
- Employeeson 31-12-2025
- 4=
- Filing
- Filed on 25-06-2026, 36 days before the end of the filing period
Insights on SOFRED
SOFRED files the micro format. That format states no turnover. The gross margin rose from €156,475 in 2006 to €224,183 in 2025.
The balance sheet grew most in 2011 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SOFRED
- What is the company number of SOFRED?
- The company number of SOFRED is 0457.653.423. The VAT number is the same number with BE in front: BE 0457.653.423.
- Where is SOFRED based?
- The registered office is at Chaussée de Louvain 494, 1300 Wavre.Company details
- What does SOFRED do?
- According to the KBO register, the main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811).
- What is the legal form of SOFRED?
- SOFRED is a private limited company (BV).
- When was SOFRED founded?
- SOFRED was founded on 01-04-1996.
- Is SOFRED still active?
- Yes, SOFRED is an active enterprise in the KBO register.
- How many employees does SOFRED have?
- SOFRED had an average of 4.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SOFRED fall under?
- In its 2025 annual accounts, SOFRED states joint committee 121 (Cleaning).
- What is the turnover of SOFRED?
- The turnover in financial year 2025 is ≈ €1.3m. This figure is estimated from the gross margin of €224,183 and 37 comparable companies (NACE 47811). It probably lies between €790,000 and €3.0m.
- Is SOFRED profitable?
- In financial year 2025, SOFRED made a loss of €844.
- Where can I find the annual accounts of SOFRED?
- SOFRED filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOFRED due?
- SOFRED must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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