Equity
€115,695 from €291,553 in 2016
Equity fell by 60% in 9 years.
SOGEMA
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1993peak €51,860 (2017)
€3,407▲ €7,612
lowest -€15,952 (2024)
-€8,451▲ €7,501
peak €291,553 (2016)
€115,695▼ 6.8%
€2,524▼ 75.1%
peak 0 FTE (2023)
-not published
Board2 names since 2021
2 directorsDavid Dumoulin and 1 other
Owners
99.67%GIRALDO
Documentsfilings and deeds
10-07-202621 days before the deadline
2025financial year
Gross margin from -€4,205 to €3,407Loss of €8,451Debts from €10,145 to €2,524
Key points
from the 2025 annual accountsChecked score
94
Excellent
Financially stronger than 51% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €118,219
Founded in 1992
Equity €115,695 (97.9% of total assets)
Liquidity: current ratio 8.84, cash €21,325
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 (no NACE code, micro). It does better than 81% of them on solvency, 68% on liquidity, 27% on profitability and 28% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as SOGEMA has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOGEMA itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 12,322 companies, not a prediction for SOGEMA. 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.
Credit verdict
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 8.84 (2.91 in 2024), above the usual 1.5. Short-term debt is 2.1% and cash 18% of total assets. 2.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€8,451
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 days early
2024
34 days early
2023
33 days early
2022
31 days early
2021
90 days early
2020
31 days late
2019
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 31 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0448859778
Reappointments: Lisa Dumoulin (managing director) and David Dumoulin (managing director)
Board meeting of 01-09-2021 · Gazette deed
First establishment
Steenstraat 84, Bruges
Incorporation
published on 30-12-1992 · Gazette deed
Official details
Source: KBO- Status
- Active since 04-12-1992Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.060.392.0448000 Bruges, since 21-01-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 20-03-2025
Annual accounts 2025
- ≈ €23,000estimated
- €118,219▼ 12.0%
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Companies linked to SOGEMA
Parent and group
Insights on SOGEMA
SOGEMA has existed since 1992. The gross margin fell from €22,728 in 2006 to €3,407 in 2025.
Solvency rose in 2025 from 92.4% to 97.9% because of lower debts.
GIRALDO holds all the shares. In November 2021, the Official Gazette published the appointment of David Dumoulin as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SOGEMA
- What is the company number of SOGEMA?
- The company number of SOGEMA is 0448.859.778. The VAT number is the same number with BE in front: BE 0448.859.778.
- Where is SOGEMA based?
- The registered office is at Steenstraat 84, 8000 Bruges.Company details
- What is the legal form of SOGEMA?
- SOGEMA is a public limited company (NV).
- When was SOGEMA founded?
- SOGEMA was founded on 04-12-1992.
- Is SOGEMA still active?
- Yes, SOGEMA is an active enterprise in the KBO register.
- What is the turnover of SOGEMA?
- The turnover in financial year 2025 is ≈ €23,000. This figure is estimated from the gross margin of €3,407 and 2,720 comparable companies of the same size. It probably lies between €9,600 and €58,000. It is a rough estimate.Financials
- Is SOGEMA profitable?
- In financial year 2025, SOGEMA made a loss of €8,451.
- Where can I find the annual accounts of SOGEMA?
- SOGEMA filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOGEMA due?
- SOGEMA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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