SOFREE
ActiveSummary
SOFREE has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€16,425) and a net result of -€2,364. Equity has been shrinking by about 54% per year since 2019. Its solvency ranks better than 6% of 46 sector peers (NACE 18, financial year 2026). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-06-2015 Normal situation
- Activity
- Pre-press and pre-media services NACE 18130and 1 other
- Establishment unit
- 2.243.473.111 9840 Nazareth-De Pinte, since 26-06-2015
- Financial year end
- 31 March
- Peppol
- Reachable since 31-10-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.1%
- Gross margin
- -€531
- ▲ 93.2%
- Loss
- €2,364
- ▼ 78.4%
- Equity
- -€16,425
- ▼ 16.8%
- Total assets
- €6,651
- ▼ 0.8%
- Negative equity on 31-03-2026
Score breakdownraises riskCapped at 59: negative equityLoss of €2,364, the second in a row (financial year 2026)Negative equity -€16,425Sector: Printing and reproduction of recorded media (NACE 18)lowers riskSize: total assets €6,651Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 18, micro). It does better than 6% of them on solvency, 9% on liquidity, 6% on profitability and 22% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 4 days after the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, micro format
Annual accounts 2026 filed on 23-10-2026 at the NBB all 10 filings
Every figure per financial year
The operating result for 2026 is a loss of €1,829, smaller than the loss of €9,250 in 2025.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,321 | - | - | - | €538 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €5,481 | €5,565 | €264 | €264 | €324 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €2,291 awarded · €2,291 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €2,142 | €2,142 |
| 2022 | 1 | €149 | €149 |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,007 | €6,007 | €5,583 | €5,481 | €5,565 | €264 | €264 | €324 | ▲ 22.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €256 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €2,399 | €1,590 | €1,944 | €918 | €974 | ▲ 6.1% |
| Gross operating margin9900 | €10,497 | -€10,617 | €14,492 | €8,987 | -€7,812 | -€2,919 | -€7,812 | -€531 | ▲ 93.2% |
| Operating profit (loss)9901 | €2,235 | -€17,600 | €7,738 | €1,107 | -€14,968 | -€5,127 | -€9,250 | -€1,829 | ▲ 80.2% |
| Financial income75/76B | - | - | - | €1 | €1 | €0 | €5 | €5 | ▲ 8.0% |
| Recurring financial income75 | €31 | €38 | €27 | €1 | €1 | €0 | €5 | €5 | ▲ 8.0% |
| Financial charges65/66B | - | - | - | €446 | €315 | €256 | €484 | €411 | ▼ 15.2% |
| Recurring financial charges65 | €585 | €452 | €399 | €446 | €315 | €256 | €484 | €411 | ▼ 15.2% |
| Profit (loss) for the period before taxes9903 | €1,681 | -€18,013 | €7,367 | €662 | -€15,282 | -€5,382 | -€9,730 | -€2,235 | ▲ 77.0% |
| Income taxes67/77 | €44 | €4,307 | €126 | €1,861 | €105 | €125 | €1,218 | €129 | ▼ 89.4% |
| Profit (loss) for the period9904 | €1,637 | -€22,320 | €7,241 | -€1,199 | -€15,387 | -€5,507 | -€10,948 | -€2,364 | ▲ 78.4% |
| Profit (loss) for the period to be appropriated9905 | €1,637 | -€22,320 | €7,241 | -€1,199 | -€15,387 | -€5,507 | -€10,948 | -€2,364 | ▲ 78.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €73,360 | €39,074 | €38,799 | €31,809 | €24,827 | €8,731 | €6,708 | €6,651 | ▼ 0.8% |
| Fixed assets21/28 | €22,282 | €16,275 | €10,692 | €6,532 | €966 | €702 | €438 | €653 | ▲ 49.0% |
| Tangible fixed assets22/27 | €22,192 | €16,185 | €10,602 | €6,442 | €876 | €612 | €348 | €563 | ▲ 61.7% |
| Furniture and vehicles24 | - | - | - | €1,140 | €876 | €612 | €348 | €563 | ▲ 61.7% |
| Leasing and similar rights25 | - | - | - | €5,301 | €0 | - | - | - | - |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €51,078 | €22,799 | €28,107 | €25,277 | €23,861 | €8,029 | €6,270 | €5,998 | ▼ 4.3% |
| Stocks and contracts in progress3 | €3,010 | €3,010 | €3,010 | €3,010 | €3,010 | €3,010 | €3,010 | €3,010 | = |
| Stocks30/36 | - | - | - | €3,010 | €3,010 | €3,010 | €3,010 | €3,010 | = |
| Amounts receivable within one year40/41 | €6,464 | €7,718 | €5,218 | €9,027 | €19,274 | €3,169 | €1,730 | €1,371 | ▼ 20.8% |
| Trade receivables40 | - | - | - | €8,662 | €18,909 | €982 | €1,323 | €1,001 | ▼ 24.3% |
| Other amounts receivable41 | - | - | - | €365 | €365 | €2,187 | €407 | €370 | ▼ 9.2% |
| Cash at bank and in hand54/58 | €37,415 | €3,495 | €19,879 | €13,240 | €1,577 | €1,850 | €912 | €739 | ▼ 18.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €618 | €878 | ▲ 42.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €73,360 | €39,074 | €38,799 | €31,809 | €24,827 | €8,731 | €6,708 | €6,651 | ▼ 0.8% |
| Equity10/15 | €27,059 | €4,739 | €11,980 | €10,782 | €2,394 | -€3,113 | -€14,061 | -€16,425 | ▼ 16.8% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €13,200 | €13,200 | €13,200 | €13,200 | = |
| Reserves13 | €19,860 | €19,860 | €5,500 | €5,500 | €5,500 | €0 | - | - | - |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €3,640 | €3,640 | €0 | - | - | - |
| Profit (loss) carried forward14 | €999 | -€21,321 | €280 | -€918 | -€16,306 | -€16,313 | -€27,261 | -€29,625 | ▼ 8.7% |
| Amounts payable17/49 | €46,301 | €34,334 | €26,818 | €21,027 | €22,433 | €11,844 | €20,769 | €23,076 | ▲ 11.1% |
| Amounts payable after more than one year17 | €25,530 | €17,038 | €13,668 | €10,220 | €3,900 | €7,357 | €2,473 | €1,566 | ▼ 36.7% |
| Financial debts170/4 | - | - | - | €10,220 | €3,900 | €7,357 | €2,473 | €1,566 | ▼ 36.7% |
| Amounts payable within one year42/48 | €20,771 | €17,297 | €13,150 | €10,808 | €18,533 | €4,487 | €18,296 | €21,510 | ▲ 17.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,448 | €6,893 | €941 | €884 | €907 | ▲ 2.7% |
| Financial debts43 | - | - | - | - | - | - | €112 | €288 | ▲ 156% |
| Credit institutions430/8 | - | - | - | - | - | - | €112 | €288 | ▲ 156% |
| Trade debts44 | €5,159 | €2,797 | €6,258 | €4,431 | €8,652 | €520 | €3,481 | €343 | ▼ 90.2% |
| Suppliers440/4 | - | - | - | €4,431 | €8,652 | €520 | €3,481 | €343 | ▼ 90.2% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | - | €1,541 | - |
| Taxes, remuneration and social security45 | - | - | - | €2,276 | €2,332 | €2,087 | €342 | €476 | ▲ 39.1% |
| Taxes450/3 | - | - | - | €2,276 | €2,332 | €2,087 | €342 | €476 | ▲ 39.1% |
| Other amounts payable47/48 | - | - | - | €652 | €656 | €939 | €13,476 | €17,955 | ▲ 33.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,637 | -€22,320 | €7,241 | -€1,199 | -€15,387 | -€5,507 | -€10,948 | -€2,364 | ▲ 78.4% |
| + Depreciation and write-downs630 | €6,007 | €6,007 | €5,583 | €5,481 | €5,565 | €264 | €264 | €324 | ▲ 22.5% |
| Operating cash flow (approximation) | €7,644 | -€16,313 | €12,824 | €4,283 | -€9,822 | -€5,243 | -€10,684 | -€2,040 | ▲ 80.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,321 | €0 | €0 | €0 | -€538 | - |
| Change in cash | - | -€33,920 | €16,384 | -€6,639 | -€11,664 | €274 | -€938 | -€173 | ▲ 81.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,907 companies had the same profile as SOFREE has now. Two years later, 85.4% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SOFREE itself is lower: 1.1% within 12 months. It rests on far more data about SOFREE than the profile alone.
Test of the method
The method was tested on the 497,446 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 6,907 companies, not a prediction for SOFREE. 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.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 23-10-2026 | 2026-00566756 | |
| 31-03-2025 | micro format | 31-10-2025 | 2025-00556276 | |
| 31-03-2024 | micro format | 29-10-2024 | 2024-00528947 | |
| 31-03-2023 | micro format | 15-11-2023 | 2023-00513015 | |
| 31-03-2022 | micro format | 31-10-2022 | 2022-20516642 | |
| 31-03-2021 | micro format | 03-11-2021 | 2021-76300302 | |
| 31-03-2020 | micro format | 19-11-2020 | 2020-71200423 | |
| 31-03-2019 | micro format | 30-10-2019 | 2019-72500431 | |
| 31-03-2018 | micro format | 15-10-2018 | 2018-69400133 | |
| 31-03-2017 | abbreviated format | 10-10-2017 | 2017-67200558 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 15-12-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Frederic DE MEYER |
|
| Sophie SLAATS |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, Artikel11”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, Artikel8”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Artikel10, elke overdracht onder levenden, ten bezwarende of kosteloze titel, vrijwillig of gedwongen (uitsluiting en uittreding), in…”
Articles of association, deed of 15-12-2023 (in Dutch)
Network & group
SOFREE shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of SOFREE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
15-12
Gazette deed
Changes of role: Frederic DE MEYER (director) and Sophie SLAATS (director)Amendment of the articles · Capital conversion · Reserve release12 points ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Other provision, “besloten vennootschap (afgekort BV)” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, Frederic DE MEYER (manager (not named in the articles))
- Director resignation, Sophie SLAATS (manager (not named in the articles))
- Director appointment, Frederic DE MEYER (director (not named in the articles))
- Director appointment, Sophie SLAATS (director (not named in the articles))
- Other provision, director discharge, “kwijting ontslagnemende zaakvoerders voor uitoefening mandaat” (deed in Dutch)
- Power of attorney
- Other provision, “coördinatie opmaken en ondertekenen zoals gewijzigd in vierde besluit, opdracht coördinatie statuten” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
27 activities
- Alle activiteiten als fotograaf.
- Het maken van foto’s voor bedrijven en particulieren zoals onder meer portretfotografie,dierenfotografie,paardenfotografie,sportfotografie,mode- en reclamefotografie,fotografie ten behoeve van uitgeverijen,toeristische doeleinden en bemiddelaars in onroerende goederen.
- Het maken van videoreportages.
- Het kopen,verkopen,importeren,exporteren,maken,herstellen van allerlei foto- en videoapparatuur en artikelen,radio-elektrisch en elektronisch materiaal,opname ontwikkeling en afdrukken van foto’s,studio-,industrieel- en amateurwerk,fotogravure.
- Het uitvoeren van fotografische werkzaamheden voor de niet particuliere sector,ondermeer bedrijven.
- Het maken van reportages inzake bedrijfsevenementen,producten,gebouwen en mensen.
- Het aanpassen,bewerken en afwerken van fotobeelden.
- Industriële fotografie,toeristische,interieur,reclame en mode fotografie.
- Commercialiseren van beelden.
- Laten ontwikkelen en laten afdrukken van foto’s.
- Het uitbaten van een modellenbureau,castingbureau,het verlenen van castingadvies en het organiseren van castingsessies.
- Het inrichten en organiseren van beurzen,tentoonstellingen,kunstgalerijen en soortgelijke manifestaties,kortom alles wat met verkoop en verkoopspromotie te maken heeft.
- De aankoop en de verkoop,de import en de export,de verhuur,de groot- en kleinhandel,tussenpersoon in de handel van telecommunicatie,informatica en aanverwante producten en diensten.
- Alle activiteiten met betrekking tot ontwikkeling in internet-systemen,hosting,webdesign en internetdiensten in het algemeen.
- Publiciteit via websites in de kunst- en cultuurwereld.
- De verkoop van advertentieruimte op internetsites.
- Het ontwerpen van internetpagina’s,het aanmaken en verkopen van soft- en hardware en architecturaal tekenen.
- Trendwatching.
- De aankoop en de verkoop van alle onbebouwde en bebouwde onroerende goederen van alle aard en voor alle bestemmingen,het verkavelen,uitrusten,inrichten en tot waarde brengen op alle mogelijke wijzen van alle onbebouwde onroerende goederen,het bouwen,verbouwen,aanpassen,herstellen van alle gebouwen en constructies bij middel van alle technieken en in alle stadia van afwerking.
- Het huren,verhuren,leasen en uitbaten op alle mogelijke wijzen van alle mogelijke onbebouwde en bebouwde onroerende goederen.
- Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het oordeelkundig beheer van een onroerend patrimonium,alsook van een roerend patrimonium doch dit slechts voor eigen rekening.
- Alle activiteiten van een houdstermaatschappij en namelijk het verwerven,aankopen en verkopen,beheren en tot waarde brengen van alle participaties,aandelen van en in alle vennootschappen en ondernemingen.
- Het verlenen van diensten en adviezen aan personen en bedrijven,in het algemeen met betrekking tot het bedrijfsbeheer,managementadvies,het voeren van marketingcampagnes en al wat daarmede rechtstreeks of onrechtstreeks verband houdt,consultancy,opleiding,technische expertise en bijstand.
- Overige zakelijke dienstverlening.
- De vennootschap mag alle verbintenissen aangaan,kredieten en leningen toestaan aan haar aandeelhouders en/of bestuurders,zich voor derden borg stellen door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
- De vennootschap zal alle burgerlijke,industriële,commerciële,financiële,roerende en onroerende handelingen mogen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp,die van aard zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden,en die daartoe noodzakelijk zijn,nuttig of zelfs alleen maar bevorderend.
- De vennootschap kan optreden als bestuurder of vereffenaar in andere vennootschappen.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44012C0166/00T000 | Flanders | 1,064 m² | 1 · 296 m² | 5.8 m · 1 |