SOFSTEL
Open bankruptcyFinancials · financial year 2023, micro format
Turnover
€0
2022 · €0
Total assets
€16,312▼ 68.3%
2022 · €51,510
Net result
-€30,164
2022 · €7,205
Working capital
€1,683▼ 93.3%
2022 · €25,002
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result turns negative in 2023: a loss of €29,630 after €10,104 in 2022, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0
2023
Operating result-€29,630
2023
Net result-€30,164
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€16,312
2023
Equity€10,864
2023
Debt€5,448
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1,683
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-184.9%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency66.6%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.31
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€0€0€0
Operating result€10,903-€4,920▼ 54.9%€20,343▲ 313%€728▼ 96.4%€10,104▲ 1,287%-€29,630
Net result€7,035-€3,105▼ 55.9%€17,562within the sector's middle half▲ 466%-€80within the sector's middle half€7,205within the sector's middle half-€30,164below the sector's middle half
Equity€13,235-€16,340▲ 23.5%€33,902within the sector's middle half▲ 107%€33,822within the sector's middle half▼ 0.2%€41,027within the sector's middle half▲ 21.3%€10,864below the sector's middle half▼ 73.5%
Total assets€35,216-€43,954▲ 24.8%€48,576below the sector's middle half▲ 10.5%€44,092below the sector's middle half▼ 9.2%€51,510below the sector's middle half▲ 16.8%€16,312below the sector's middle half▼ 68.3%
Debt€21,982-€27,614▲ 25.6%€14,674▼ 46.9%€10,270▼ 30.0%€10,483▲ 2.1%€5,448▼ 48.0%
Working capital€11,408-€14,176▲ 24.3%€12,378within the sector's middle half▼ 12.7%€12,788within the sector's middle half▲ 3.3%€25,002within the sector's middle half▲ 95.5%€1,683within the sector's middle half▼ 93.3%
Solvency37.6%-37.2%▼ 0.4pp69.8%above the sector's middle half▲ 32.6pp76.7%above the sector's middle half▲ 6.9pp79.6%above the sector's middle half▲ 2.9pp66.6%above the sector's middle half▼ 13.0pp
Current ratio1.89-1.66▼ 0.242.05within the sector's middle half▲ 0.392.25within the sector's middle half▲ 0.203.39above the sector's middle half▲ 1.131.31within the sector's middle half▼ 2.08
Return on assets (ROA)20.0%-7.1%▼ 12.9pp36.2%above the sector's middle half▲ 29.1pp-0.2%below the sector's middle half▼ 36.3pp14.0%within the sector's middle half▲ 14.2pp-184.9%below the sector's middle half▼ 198.9pp
above
within
below
the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €16,312
Fixed assets
€9,180 ▼ 42.7%
Current assets
€7,132 ▼ 79.9%
Equity and liabilities €16,312
Equity
€10,864 ▼ 73.5%
Debt
€5,448 ▼ 48.0%
Debt's share of the balance-sheet total rises from 20.4% to 33.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€22,785▼
2022 · €16,678
Cash flow
-€23,319▼
2022 · €13,779
Debt to equity
0.50▲
2022 · 0.26
ROE
-277.7%▼
2022 · 17.6%
Interest coverage
-93.34▼
2022 · 54.23
Debt ≤ 1 year
€5,448▼
2022 · €10,483
Income taxes
€289▼
2022 · €2,592
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €0 | €0 | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0 | €0 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,850 | €7,367 | €3,465 | €6,631 | €6,574 | €6,845 | ▲ 4.1% |
| Other operating charges640/8 | - | - | - | €551 | €2,105 | €960 | ▼ 54.4% |
| Gross operating margin9900 | €17,115 | €12,541 | €24,758 | €7,911 | €18,783 | -€21,826 | ▼ 216% |
| Operating profit (loss)9901 | €10,903 | €4,920 | €20,343 | €728 | €10,104 | -€29,630 | ▼ 393% |
| Financial income75/76B | - | - | - | €1 | - | €0 | - |
| Recurring financial income75 | €160 | €110 | €45 | €1 | - | €0 | - |
| Financial charges65/66B | - | - | - | €491 | €308 | €244 | ▼ 20.6% |
| Recurring financial charges65 | €2,042 | €1,237 | €407 | €491 | €308 | €244 | ▼ 20.6% |
| Non-recurring financial charges66B | - | - | - | - | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €9,021 | €3,793 | €19,980 | €239 | €9,797 | -€29,874 | ▼ 405% |
| Income taxes67/77 | €1,987 | €688 | €2,418 | €319 | €2,592 | €289 | ▼ 88.8% |
| Profit (loss) for the period9904 | €7,035 | €3,105 | €17,562 | -€80 | €7,205 | -€30,164 | ▼ 519% |
| Profit (loss) for the period to be appropriated9905 | €7,035 | €3,105 | €17,562 | -€80 | €7,205 | -€30,164 | ▼ 519% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €35,216 | €43,954 | €48,576 | €44,092 | €51,510 | €16,312 | ▼ 68.3% |
| Fixed assets21/28 | €11,025 | €8,209 | €24,415 | €21,099 | €16,025 | €9,180 | ▼ 42.7% |
| Tangible fixed assets22/27 | €11,025 | €8,209 | €24,415 | €21,099 | €16,025 | €9,180 | ▼ 42.7% |
| Plant, machinery and equipment23 | - | - | - | €0 | €1,485 | €985 | ▼ 33.7% |
| Furniture and vehicles24 | - | - | - | €21,099 | €14,540 | €8,195 | ▼ 43.6% |
| Current assets29/58 | €24,191 | €35,745 | €24,161 | €22,994 | €35,485 | €7,132 | ▼ 79.9% |
| Stocks and contracts in progress3 | - | - | - | €0 | - | €0 | - |
| Stocks30/36 | - | - | - | €0 | - | €0 | - |
| Amounts receivable within one year40/41 | €12,872 | €20,640 | €18,641 | €15,975 | €33,700 | €6,876 | ▼ 79.6% |
| Trade receivables40 | - | - | - | €11,158 | €28,500 | €5,913 | ▼ 79.3% |
| Other amounts receivable41 | - | - | - | €4,818 | €5,200 | €964 | ▼ 81.5% |
| Cash at bank and in hand54/58 | €10,375 | €13,202 | €4,645 | €5,376 | €135 | €256 | ▲ 89.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1,643 | €1,650 | €0 | ▼ 100% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €35,216 | €43,954 | €48,576 | €44,092 | €51,510 | €16,312 | ▼ 68.3% |
| Equity10/15 | €13,235 | €16,340 | €33,902 | €33,822 | €41,027 | €10,864 | ▼ 73.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €7,035 | €10,140 | €27,702 | €27,622 | €34,827 | €4,664 | ▼ 86.6% |
| Amounts payable17/49 | €21,982 | €27,614 | €14,674 | €10,270 | €10,483 | €5,448 | ▼ 48.0% |
| Amounts payable after more than one year17 | €9,198 | €6,044 | €2,891 | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €0 | - | - | - |
| Amounts payable within one year42/48 | €12,784 | €21,569 | €11,783 | €10,206 | €10,483 | €5,448 | ▼ 48.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,891 | €0 | - | - |
| Trade debts44 | €67 | €5,259 | €593 | €151 | €830 | €4,269 | ▲ 414% |
| Suppliers440/4 | - | - | - | €151 | €830 | €4,269 | ▲ 414% |
| Taxes, remuneration and social security45 | - | - | - | €6,920 | €9,184 | €721 | ▼ 92.1% |
| Taxes450/3 | - | - | - | €4,560 | €2,284 | €721 | ▼ 68.4% |
| Remuneration and social security454/9 | - | - | - | €2,360 | €6,900 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €244 | €468 | €458 | ▼ 2.2% |
| Accrued charges and deferred income492/3 | - | - | - | €64 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,035 | €3,105 | €17,562 | -€80 | €7,205 | -€30,164 | ▼ 519% |
| + Depreciation and write-downs630 | €5,850 | €7,367 | €3,465 | €6,631 | €6,574 | €6,845 | ▲ 4.1% |
| Operating cash flow (approximation) | €12,885 | €10,472 | €21,027 | €6,552 | €13,779 | -€23,319 | ▼ 269% |
| Investment in fixed assets (approximation) | - | -€4,550 | -€19,672 | -€3,315 | -€1,500 | €0 | ▲ 100% |
| Change in cash | - | €2,827 | -€8,557 | €731 | -€5,241 | €121 | ▲ 102% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
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Of the 29,177 companies in this sector, figures are known for 16,137. 9,721 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: not fully processed yet. The notices from August 2022 to September 2026 are still being read.