SOGEM
ActiveSOGEM has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.87M and a net result of €23k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 52% of 4828 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▲+11
Solvency72▲+1
Growth56▲+1
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €360k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.25 in 2024; short-term debt: 44.6% and cash: 2.9% of total assets), and 52.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
47.2%
Return on assets
0.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
51 d early
2023
47 d early
2022
46 d early
2021
19 d early
2020
54 d early
2019
22 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€15.54M▲ 13.4%
2024 · €13.70M
2018: €8.66M
2019: €8.42M
2020: €9.46M
2021: €11.60M
2022: €11.21M
2023: €14.58M
2024: €13.70M
2018 → 2025
EBIT margin
0.5%▲ 0.3pp
2024 · 0.2%
2018: 2.9%
2019: 2.3%
2020: 7.4%
2021: 6.5%
2022: 16.6%
2023: 1.3%
2024: 0.2%
2018 → 2025
Net result
€23k
2024 · €-91k
2018: €153k
2019: €89k
2020: €532k
2021: €548k
2022: €1.34M
2023: €79k
2024: €-91k
2018 → 2025
Working capital
€1.70M▲ 11.3%
2024 · €1.53M
2018: €806k
2019: €1.33M
2020: €1.76M
2021: €-72k
2022: €1.36M
2023: €1.54M
2024: €1.53M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11.60M-€11.21M▼ 3.3%€14.58M▲ 30.0%€13.70M▼ 6.0%€15.54M▲ 13.4%
Equity€4.45M-€5.78M▲ 30.1%€5.86M▲ 1.3%€5.77M▼ 1.6%€5.87M▲ 1.7%
Operating result€750k-€1.86M▲ 148%€197k▼ 89.4%€25k▼ 87.3%€80k▲ 219%
Net result€548k-€1.34M▲ 144%€79k▼ 94.1%€-91k€23k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 219% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.43M
Fixed assets
€5.19M▲ 6.1%
Current assets
€7.25M▼ 5.5%
Equity and liabilities €12.43M
Equity
€5.87M▲ 1.7%
Provisions
€456k▲ 3.4%
Debt
€6.11M▼ 3.7%
The debt ratio falls from 50.6% to 49.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€392k▲
2024 · €304k
Cash flow
€335k▲
2024 · €188k
Solvency
47.2%▲
2024 · 45.9%
Current ratio
1.31▲
2024 · 1.25
Quick ratio
0.73▲
2024 · 0.56
Debt / equity
1.04▼
2024 · 1.10
ROE
0.4%▲
2024 · -1.6%
ROA
0.2%▲
2024 · -0.7%
Interest coverage
3.75▲
2024 · 2.14
Debt
€6.11M▼
2024 · €6.35M
Debt ≤ 1 year
€5.54M▼
2024 · €6.13M
Debt > 1 year
€560k▲
2024 · €212k
Income taxes
€2k▲
2024 · €2k
Staff costs
€1.67M▲
2024 · €1.45M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€12.56M€12.43M▼
Fixed assets21/28€4.89M€5.19M▲
Intangible fixed assets21€21k€7k▼
Tangible fixed assets22/27€2.80M€3.11M▲
Land and buildings22€2.27M€2.24M▼
Plant, machinery and equipment23€136k€117k▼
Furniture and vehicles24€350k€320k▼
Leasing and similar rights25€44k€5k▼
Assets under construction and advance payments27-€424k
Financial fixed assets28€2.07M€2.07M=
Affiliated companies280/1€2.07M€2.07M=
Participating interests280€2.07M€2.07M=
Other financial fixed assets284/8€4k€4k=
Shares284€1k€1k=
Amounts receivable and cash guarantees285/8€3k€3k=
Current assets29/58€7.67M€7.25M▼
Stocks and contracts in progress3€4.26M€3.18M▼
Stocks30/36€4.26M€3.18M▼
Goods purchased for resale34€4.26M€3.18M▼
Amounts receivable within one year40/41€3.15M€3.69M▲
Trade receivables40€3.10M€3.63M▲
Other amounts receivable41€53k€54k▲
Cash at bank and in hand54/58€230k€367k▲
Deferred charges and accrued income490/1€31k€13k▼
Equity and liabilities
Total equity and liabilities10/49€12.56M€12.43M▼
Equity10/15€5.77M€5.87M▲
Contributions10/11€1.12M€1.12M=
Capital10€1.12M€1.12M=
Issued capital100€1.12M€1.12M=
Reserves13€1.74M€1.68M▼
Non-distributable reserves130/1€112k€112k=
Legal reserve130€112k€112k=
Tax-exempt reserves132€1.38M€1.13M▼
Distributable reserves133€244k€433k▲
Profit (loss) carried forward14€2.90M€2.98M▲
Investment grants15€10k€85k▲
Provisions and deferred taxes16€441k€456k▲
Provisions for liabilities and charges160/5€65k€100k▲
Other liabilities and charges164/5€65k€100k▲
Deferred taxes168€376k€356k▼
Amounts payable17/49€6.35M€6.11M▼
Amounts payable after more than one year17€212k€560k▲
Financial debts170/4€212k€560k▲
Subordinated loans170-€392k
Leasing and similar obligations172€5k-
Credit institutions173€208k€168k▼
Amounts payable within one year42/48€6.13M€5.54M▼
Current portion of amounts payable after more than one year42€97k€129k▲
Financial debts43€3.10M€2.70M▼
Credit institutions430/8€3.10M€2.70M▼
Trade debts44€2.43M€2.14M▼
Suppliers440/4€2.43M€2.14M▼
Advances received on contracts in progress46€67k€34k▼
Taxes, remuneration and social security45€413k€497k▲
Taxes450/3€101k€117k▲
Remuneration and social security454/9€311k€380k▲
Other amounts payable47/48€32k€42k▲
Accrued charges and deferred income492/3€630€9k▲
Income statement
Code20242025
Operating income70/76A€13.83M€15.65M▲
Turnover70€13.70M€15.54M▲
Other operating income74€131k€106k▼
Operating charges60/66A€13.81M€15.57M▲
Goods for resale, raw materials and consumables60€7.91M€9.25M▲
Purchases600/8€8.22M€8.18M▼
Change in stocks: decrease (increase)609€-305k€1.08M▲
Services and other goods61€4.07M€4.27M▲
Remuneration, social security and pensions62€1.45M€1.67M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€279k€312k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€31k€3k▼
Other operating charges640/8€65k€64k▼
Operating profit (loss)9901€25k€80k▲
Financial income75/76B€27k€49k▲
Recurring financial income75€27k€49k▲
Other financial income752/9€27k€49k▲
Financial charges65/66B€162k€123k▼
Recurring financial charges65€162k€123k▼
Debt charges650€142k€104k▼
Other financial charges652/9€20k€19k▼
Profit (loss) for the period before taxes9903€-109k€5k▲
Transfer from deferred taxes780€20k€20k=
Income taxes67/77€2k€2k▲
Taxes670/3€2k€2k▲
Profit (loss) for the period9904€-91k€23k▲
Transfer from tax-exempt reserves789€279k€250k▼
Profit (loss) for the period to be appropriated9905€188k€273k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.12M€3.17M▲
Profit (loss) brought forward from the previous period14P€2.93M€2.90M▼
Transfer to equity691/2€219k€189k▼
To other reserves6921€219k€189k▼
Social balance
Average headcount (FTE)908725.027.8▲
The notes to these accounts (76 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-91k ▼215%
Net result drops to €-91k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €1.34M ▲144%
Operating result €1.86M, net result €1.34M, both a record.
31-12
Financial
Equity above €5MEq €5.78M ▲30.1%
5 profitable years in a row build equity to €5.78M.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
25 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, Fleurus · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue de l'Espérance(F) 406220 FleurusGround area
8,632 m²
Building footprint
1.1 ha
Volume, LiDAR
103,581 m³
Parcel 52332B0497/00K002, Wallonia · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de l'Espérance(F) 40, 6220 Fleurus
since 19872.031.789.615
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52332B0497/00K002 | Wallonia | 8,632 m² | 1 · 1.1 ha | 12.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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SSI SCHAFER
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Of 1,170 companies in sector 46499 we hold annual accounts for 743. 278 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-12-1987
Fiscal year end31-12
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
46499Wholesale of other household goods
51180
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.