SOGECOM
ActiveSummary
SOGECOM has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.3m and a net result of -€1.5m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 66% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-44
Solvency83▲+12
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €750,000 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.23 in 2024; short-term debt: 22.5% and cash: 5.7% of total assets), and 42.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
57.9%
Return on assets
-7.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €12.3m
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
20 d early
2023
21 d early
2022
48 d early
2021
34 d early
2020
25 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?NOSHAQ · 27 companies How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1.5m▼ 32.3%
2024 · -€1.2m
Working capital
€836,586▼ 42.3%
2024 · €1.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€144,720-€30,606-€71,395▼ 133%-€1.1m▼ 1,396%-€1.1m▼ 0.1%
Net result€124,854within the sector's middle half-€31,103below the sector's middle half-€94,107below the sector's middle half▼ 203%-€1.2mbelow the sector's middle half▼ 1,132%-€1.5mbelow the sector's middle half▼ 32.3%
Equity€411,715within the sector's middle half▲ 43.5%€380,612within the sector's middle half▼ 7.6%€286,505within the sector's middle half▼ 24.7%€11.0mabove the sector's middle half▲ 3,753%€12.3mabove the sector's middle half▲ 11.5%
Total assets€8.4mwithin the sector's middle half▲ 32.7%€13.5mabove the sector's middle half▲ 59.7%€27.6mabove the sector's middle half▲ 105%€23.8mabove the sector's middle half▼ 13.8%€21.2mabove the sector's middle half▼ 10.8%
Debt€7.5m▲ 34.9%€12.6m▲ 67.1%€26.9m▲ 113%€12.7m▼ 52.8%€8.8m▼ 30.3%
Working capital-€7.1m▼ 39.0%-€12.5m▼ 74.9%-€19.3m▼ 54.4%€1.5m€836,586▼ 42.3%
Solvency4.9%below the sector's middle half▲ 0.4pp2.8%below the sector's middle half▼ 2.1pp1.0%below the sector's middle half▼ 1.8pp46.4%within the sector's middle half▲ 45.3pp57.9%within the sector's middle half▲ 11.6pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.1m in 2025 against €1.1m in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.2m
Fixed assets
€15.6m ▼ 2.6%
Current assets
€5.6m ▼ 27.9%
Equity and liabilities €21.2m
Equity
€12.3m ▲ 11.5%
Provisions
€110,000 =
Debt
€8.8m ▼ 30.3%
Debt's share of the balance-sheet total falls from 53.2% to 41.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€630,925▼
2024 · €2.8m
Cash flow
-€1.1m▼
2024 · €2.8m
Current ratio
1.18▼
2024 · 1.23
Quick ratio
0.25▼
2024 · 0.39
Debt to equity
0.72▼
2024 · 1.15
ROE
-12.5%▼
2024 · -10.5%
ROA
-7.2%▼
2024 · -4.9%
Interest coverage
-1.36▼
2024 · 5.01
Debt ≤ 1 year
€4.8m▼
2024 · €6.3m
Debt > 1 year
€3.9m▼
2024 · €6.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 815 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
2.8%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €3.9m | €438,065 | ▼ 88.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €462,106 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €110,000 | €0 | ▼ 100% |
| Other operating charges640/8 | €41,647 | €13,934 | €17,536 | €20,241 | €17,363 | ▼ 14.2% |
| Non-recurring operating charges66A | -€176,448 | €0 | - | - | - | - |
| Gross operating margin9900 | €9,919 | -€16,672 | -€53,859 | €3.0m | -€151,456 | ▼ 105% |
| Operating profit (loss)9901 | €144,720 | -€30,606 | -€71,395 | -€1.1m | -€1.1m | ▼ 0.1% |
| Financial income75/76B | €0 | - | - | - | €398 | - |
| Recurring financial income75 | €0 | - | - | - | €398 | - |
| Financial charges65/66B | €19,866 | €497 | €5,413 | €568,027 | €464,768 | ▼ 18.2% |
| Recurring financial charges65 | €19,866 | €497 | €5,413 | €568,027 | €464,768 | ▼ 18.2% |
| Profit (loss) for the period before taxes9903 | €124,854 | -€31,103 | -€76,808 | -€1.6m | -€1.5m | ▲ 6.3% |
| Transfer from deferred taxes780 | - | - | - | €476,428 | €0 | ▼ 100% |
| Income taxes67/77 | €0 | - | €17,299 | €0 | - | - |
| Profit (loss) for the period9904 | €124,854 | -€31,103 | -€94,107 | -€1.2m | -€1.5m | ▼ 32.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €925,243 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €124,854 | -€31,103 | -€94,107 | -€234,079 | -€1.5m | ▼ 555% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.4m | €13.5m | €27.6m | €23.8m | €21.2m | ▼ 10.8% |
| Fixed assets21/28 | €8.0m | €13.4m | €23.6m | €16.0m | €15.6m | ▼ 2.6% |
| Tangible fixed assets22/27 | €8.0m | €13.4m | €23.6m | €16.0m | €15.6m | ▼ 2.6% |
| Land and buildings22 | - | - | - | €11.6m | €11.2m | ▼ 3.0% |
| Plant, machinery and equipment23 | - | - | - | - | €8,894 | - |
| Furniture and vehicles24 | - | - | €211,639 | €220,483 | €142,579 | ▼ 35.3% |
| Other tangible fixed assets26 | - | - | - | €4.2m | €4.2m | = |
| Assets under construction and advance payments27 | €8.0m | €13.4m | €23.4m | €0 | - | - |
| Financial fixed assets28 | - | - | - | €220 | €220 | = |
| Current assets29/58 | €392,752 | €106,506 | €4.0m | €7.8m | €5.6m | ▼ 27.9% |
| Stocks and contracts in progress3 | - | - | - | €5.3m | €4.4m | ▼ 16.8% |
| Stocks30/36 | - | - | - | €5.3m | €4.4m | ▼ 16.8% |
| Amounts receivable within one year40/41 | €75,751 | €53,109 | €171,166 | €179,608 | €3,788 | ▼ 97.9% |
| Trade receivables40 | €58,018 | €31,054 | €100,561 | €78,270 | €3,788 | ▼ 95.2% |
| Other amounts receivable41 | €17,733 | €22,055 | €70,605 | €101,337 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €281,827 | €29,068 | €3.8m | €2.3m | €1.2m | ▼ 47.8% |
| Deferred charges and accrued income490/1 | €35,174 | €24,329 | €6,156 | €5,252 | €584 | ▼ 88.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.4m | €13.5m | €27.6m | €23.8m | €21.2m | ▼ 10.8% |
| Equity10/15 | €411,715 | €380,612 | €286,505 | €11.0m | €12.3m | ▲ 11.5% |
| Contributions10/11 | €65,039 | €65,039 | €65,039 | €12.0m | €14.8m | ▲ 23.4% |
| Capital10 | €65,000 | €65,000 | €65,000 | €12.0m | €14.8m | ▲ 23.4% |
| Issued capital100 | €65,000 | €65,000 | €65,000 | €12.0m | €14.8m | ▲ 23.4% |
| Outside capital11 | €39 | €39 | €39 | €39 | €39 | = |
| Share premium1100/10 | €39 | €39 | €39 | €39 | €39 | = |
| Reserves13 | €925,747 | €925,747 | €925,747 | €504 | €504 | = |
| Non-distributable reserves130/1 | €504 | €504 | €504 | €504 | €504 | = |
| Legal reserve130 | €504 | €504 | €504 | €504 | €504 | = |
| Tax-exempt reserves132 | €925,243 | €925,243 | €925,243 | €0 | - | - |
| Profit (loss) carried forward14 | -€579,071 | -€610,174 | -€704,280 | -€938,359 | -€2.5m | ▼ 163% |
| Provisions and deferred taxes16 | €476,428 | €476,428 | €476,428 | €110,000 | €110,000 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €110,000 | €110,000 | = |
| Other liabilities and charges164/5 | - | - | - | €110,000 | €110,000 | = |
| Deferred taxes168 | €476,428 | €476,428 | €476,428 | €0 | - | - |
| Amounts payable17/49 | €7.5m | €12.6m | €26.9m | €12.7m | €8.8m | ▼ 30.3% |
| Amounts payable after more than one year17 | - | - | - | €6.1m | €3.9m | ▼ 35.7% |
| Financial debts170/4 | - | - | - | €6.1m | €3.9m | ▼ 35.7% |
| Amounts payable within one year42/48 | €7.5m | €12.6m | €23.3m | €6.3m | €4.8m | ▼ 24.5% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | €290,793 | €231,304 | ▼ 20.5% |
| Financial debts43 | €1.4m | €4.0m | €11.8m | €5.1m | €3.4m | ▼ 33.9% |
| Credit institutions430/8 | €1.4m | €4.0m | €11.8m | €5.1m | €3.4m | ▼ 33.9% |
| Trade debts44 | €468,539 | €741,529 | €2.0m | €805,617 | €770,086 | ▼ 4.4% |
| Suppliers440/4 | €468,539 | €741,529 | €2.0m | €805,617 | €770,086 | ▼ 4.4% |
| Taxes, remuneration and social security45 | - | - | €215,094 | €220 | €2,375 | ▲ 980% |
| Taxes450/3 | - | - | €215,094 | €220 | €2,375 | ▲ 980% |
| Other amounts payable47/48 | €5.6m | €7.8m | €9.3m | €101,260 | €378,257 | ▲ 274% |
| Accrued charges and deferred income492/3 | €9,635 | €12,771 | €3.6m | €290,987 | €160,923 | ▼ 44.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €124,854 | -€31,103 | -€94,107 | -€1.2m | -€1.5m | ▼ 32.3% |
| + Depreciation and write-downs630 | - | - | - | €3.9m | €438,065 | ▼ 88.8% |
| Operating cash flow (approximation) | €124,854 | -€31,103 | -€94,107 | €2.8m | -€1.1m | ▼ 140% |
| Investment in fixed assets (approximation) | - | -€5.3m | -€10.3m | €3.7m | -€27,593 | ▼ 101% |
| Change in cash | - | -€252,759 | €3.8m | -€1.5m | -€1.1m | ▲ 26.8% |
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
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€1.5m
Net result drops to -€1.5m, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity times 7current ratio 1.23
Current ratio from 0.17 to 1.23; short-term debt falls from €23.3m to €6.3m.
31-12
Financial
Equity above €10mEq €11.0m ▲3,753%
Equity rises from €286,505 to €11.0m.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €124,854
Net result €124,854 after 3 loss-making years.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 16 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
13 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, Liège · 1 establishment unit since 1983
Ground area
816 m²
Building footprint
308 m²
Volume, LiDAR
4,633 m³
Parcel 62063A0171/00B000, Wallonia · tallest building 36.4 m, ±5 floors. Linked by address, not a title deed.
38
companies at this address
See who is registered here
1 establishment unit
Rue Lambert-Lombard 3, 4000 Liège
since 19832.022.957.863
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62063A0171/00B000 ProtectedMonument |
Wallonia | 816 m² | 1 · 308 m² | 36.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Part of the group
NOSHAQ
27 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- NOSHAQ
- NOSHAQ IMMO
- SOGECOM
Highest known parent: NOSHAQ. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2023 list no holdings, and no other source names one.
According to the 2023 annual accounts of SOGECOM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
PROLAND
BE 0475.768.172
Antwerpen · Eq €12,301,492
Solid Real Estate
BE 0806.171.255
Antwerpen · Eq €12,295,070
GREEN ENERGY INVESTMENTS
BE 0782.813.061
Ieper · Eq €12,269,102
WATER-LEAU
BE 0864.081.443
Brussel · Eq €12,261,608
Tradespot
BE 0479.163.469
Wommelgem · Eq €12,244,973
Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 1,056 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-01-1983
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423750537
Also
9925:BE0423750537
Registered
10-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.