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SOFTO

Inactive
KBO/BCE: BE 0455.131.423

SOFTO was declared bankrupt on 19-05-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 18-04-2023, published in the Belgian State Gazette on 27-04-2023.

Summary

Inactive; last annual accounts for fiscal year 2018.

Signals

Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · No filing for years
The last filed financial year closed on 31-12-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
31-12-2019 close31-07-2020 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 27-08-2019, 27 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
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline after the deadline →
tick = median of all Belgian filings

The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
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

SOFTO has filed 19 sets of annual accounts, the latest for fiscal year 2018.1 The company was declared bankrupt on 19 May 2022; the bankruptcy was closed on 18 April 2023.23

  1. 1National Bank, annual accounts 2018
  2. 2Belgian State Gazette, 30-05-2022
  3. 3Belgian State Gazette, 27-04-2023

Financials · fiscal year 2018, micro schema

Equity
€13,813
Total assets
€59,798
Net result
-€17,280
Working capital
€8,565

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €59,798
Fixed assets €5,248
Current assets €54,550
Equity and liabilities €59,798
Equity €13,813
Debt €45,985
Debt finances 76.9% of the balance-sheet total.
Key figures and ratios
2018 value
EBITDA
-€16,467
Cash flow
-€16,810
Current ratio
1.19
ROE
-125.1%
ROA
-28.9%
Debt ≤ 1 year
€45,985
Annual accounts
Filed annual accounts As filed with the NBB · 2018 · 21 lines
Balance sheet Code2018
Assets
Total assets20/58€59,798
Fixed assets21/28€5,248
Financial fixed assets28€5,248
Current assets29/58€54,550
Amounts receivable within one year40/41€9,387
Cash at bank and in hand54/58€45,164
Equity and liabilities
Total equity and liabilities10/49€59,798
Equity10/15€13,813
Contributions10/11€18,592
Reserves13€86,091
Profit (loss) carried forward14-€90,870
Amounts payable17/49€45,985
Amounts payable within one year42/48€45,985
Trade debts44€2,070
Income statement Code2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€470
Gross operating margin9900-€15,833
Operating profit (loss)9901-€16,937
Recurring financial charges65€343
Profit (loss) for the period before taxes9903-€17,280
Profit (loss) for the period9904-€17,280
Profit (loss) for the period to be appropriated9905-€17,280
Line2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€470
Gross operating margin9900-€15,833
Operating profit (loss)9901-€16,937
Recurring financial charges65€343
Profit (loss) for the period before taxes9903-€17,280
Profit (loss) for the period9904-€17,280
Profit (loss) for the period to be appropriated9905-€17,280
Line2018
Assets
Total assets20/58€59,798
Fixed assets21/28€5,248
Financial fixed assets28€5,248
Current assets29/58€54,550
Amounts receivable within one year40/41€9,387
Cash at bank and in hand54/58€45,164
Equity and liabilities
Total equity and liabilities10/49€59,798
Equity10/15€13,813
Contributions10/11€18,592
Reserves13€86,091
Profit (loss) carried forward14-€90,870
Amounts payable17/49€45,985
Amounts payable within one year42/48€45,985
Trade debts44€2,070
Line2018
Profit (loss) for the period9904-€17,280
+ Depreciation and write-downs630€470
Operating cash flow (approximation)-€16,810

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2023
27-04
Bankruptcy Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 18-04-2023
2022
30-05
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 19-05-2022
2019
27-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2015
31-08
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
29-08
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
2011
15-08
NBB filing Annual accounts filed
fiscal year 2010 · abbreviated schema · 15 days late
2010
26-08
NBB filing Annual accounts filed
fiscal year 2009 · abbreviated schema · 26 days late
2009
24-06
NBB filing Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
18-08
NBB filing Annual accounts filed
fiscal year 2007 · abbreviated schema · 18 days late
2007
23-08
NBB filing Annual accounts filed
fiscal year 2006 · abbreviated schema · 23 days late
2006
13-06
NBB filing Annual accounts filed
fiscal year 2005 · abbreviated schema
SignalNBB filing

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint

Insolvency mandates

1 mandate
Role Name Tenure
Curator DAVID ANNé
VAN IMMERSEELSTRAAT 66, 2018 ANTWERPEN 1
19-05-2022 → 18-04-2023