SOGEPY
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 22 filings
Turnover
≈ €190,000
Estimated: probably between €150,000 and €290,000
Total assets
€571,094▲ 305%
2024 · €141,097
Net result
€54,248▼ 21.6%
2024 · €69,181
Working capital
-€316,996▼ 4,913%
2024 · -€6,324
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€73,013
▼ 17.2%
2025
20182025
Net result
€54,248
▼ 21.6%
2025
middle half of the sector
20182025
Equity
€121,310
▲ 80.9%
2025
middle half of the sector
20182025
Total assets
€571,094
▲ 305%
2025
middle half of the sector
20182025
Debt
€449,783
▲ 508%
2025
20182025
Working capital
-€316,996
▼ 4,913%
2025
lowest quarter of the sector
20182025
Solvency
21.2%
▼ 26.3pp
2025
lowest quarter of the sector
20182025
Current ratio
0.30
▼ 0.62
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
9.5%
▼ 39.5pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.6m--€0.001m-€0.001m▲ 49.5%-€27▲ 95.5%-€325▼ 1,121%€0.02m€0.09m▲ 448%€0.07m▼ 17.2%
Net result€0.5m--€0.001m-€0.001mbelow the sector's middle half▲ 52.0%-€159below the sector's middle half▲ 73.3%-€0.003mbelow the sector's middle half▼ 1,655%€0.02mwithin the sector's middle half€0.07mabove the sector's middle half▲ 357%€0.05mwithin the sector's middle half▼ 21.6%
Equity-€1.5m--€1.5m▼ 0.1%-€1.5mbelow the sector's middle half=-€1.5mbelow the sector's middle half=-€1.5mbelow the sector's middle half▼ 0.2%-€0.002mbelow the sector's middle half▲ 99.9%€0.07mwithin the sector's middle half€0.1mwithin the sector's middle half▲ 80.9%
Total assets€0.007m-€0.006m▼ 15.0%€0.006mbelow the sector's middle half=€0.006mbelow the sector's middle half▲ 1.4%€0.006mbelow the sector's middle half▼ 1.2%€0.04mbelow the sector's middle half▲ 604%€0.1mwithin the sector's middle half▲ 233%€0.6mwithin the sector's middle half▲ 305%
Debt€1.5m-€1.5m=€1.5m=€1.5m=€1.5m▲ 0.2%€0.04m▼ 97.1%€0.07m▲ 66.6%€0.4m▲ 508%
Working capital-€1.5m--€1.5m▼ 0.1%-€1.5mbelow the sector's middle half=-€1.5mbelow the sector's middle half=-€1.5mbelow the sector's middle half▼ 0.2%-€0.002mbelow the sector's middle half▲ 99.9%-€0.006mbelow the sector's middle half▼ 199%-€0.3mbelow the sector's middle half▼ 4,913%
Solvency-5.0%below the sector's middle half47.5%within the sector's middle half▲ 52.5pp21.2%below the sector's middle half▼ 26.3pp
Current ratio0.00-0.00=0.00below the sector's middle half=0.00below the sector's middle half=0.00below the sector's middle half=0.95below the sector's middle half▲ 0.950.91below the sector's middle half▼ 0.040.30below the sector's middle half▼ 0.62
Return on assets (ROA)-20.7%-9.9%below the sector's middle half▲ 10.8pp-2.6%below the sector's middle half▲ 7.3pp-46.5%below the sector's middle half▼ 43.9pp35.8%above the sector's middle half▲ 82.3pp49.0%above the sector's middle half▲ 13.3pp9.5%within the sector's middle half▼ 39.5pp
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 17% lower than in 2024.
Large changes and their cause
- 2023 Equity +100% on 2022. Capital increase of €1,510,000 (Official Gazette 24-10-2023).
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €571,094
Fixed assets
€438,306 ▲ 497%
Current assets
€132,787 ▲ 96.1%
Equity and liabilities €571,094
Equity
€121,310 ▲ 80.9%
Debt
€449,783 ▲ 508%
Debt's share of the balance-sheet total rises from 52.5% to 78.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€88,925▼
2024 · €94,328
Cash flow
€70,160▼
2024 · €75,355
Debt to equity
3.71▲
2024 · 1.10
ROE
44.7%▼
2024 · 103.2%
Interest coverage
over 100▲
2024 · 68.75
Debt ≤ 1 year
€449,783▲
2024 · €74,034
Income taxes
€18,643▼
2024 · €23,127
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €79,560 | - |
| Financial fixed assets | - | - | - | - | €380,832 |
| Depreciation and write-downs of the year | - | - | - | €6,174 | €15,912 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €6,174 | €15,912 | ▲ 158% |
| Other operating charges640/8 | - | - | - | €242 | - | €857 | €401 | €200 | ▼ 50.2% |
| Gross operating margin9900 | €555,059 | -€939 | -€354 | €215 | -€325 | €16,932 | €94,729 | €89,125 | ▼ 5.9% |
| Operating profit (loss)9901 | €554,817 | -€1,181 | -€596 | -€27 | -€325 | €16,074 | €88,154 | €73,013 | ▼ 17.2% |
| Financial income75/76B | - | - | - | - | - | €4,573 | €5,526 | - | - |
| Recurring financial income75 | - | - | - | - | - | €4,573 | €5,526 | - | - |
| Financial charges65/66B | - | - | - | €133 | €2,471 | - | €1,372 | €123 | ▼ 91.0% |
| Recurring financial charges65 | €34,537 | €61 | - | €133 | €2,471 | - | €1,372 | €123 | ▼ 91.0% |
| Profit (loss) for the period before taxes9903 | €520,280 | -€1,242 | -€596 | -€159 | -€2,796 | €20,648 | €92,309 | €72,890 | ▼ 21.0% |
| Income taxes67/77 | - | - | - | - | - | €5,510 | €23,127 | €18,643 | ▼ 19.4% |
| Profit (loss) for the period9904 | €520,280 | -€1,242 | -€596 | -€159 | -€2,796 | €15,137 | €69,181 | €54,248 | ▼ 21.6% |
| Profit (loss) for the period to be appropriated9905 | €520,280 | -€1,242 | -€596 | -€159 | -€2,796 | €15,137 | €69,181 | €54,248 | ▼ 21.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.007m | €0.006m | €0.006m | €0.006m | €0.006m | €0.04m | €0.1m | €0.6m | ▲ 305% |
| Fixed assets21/28 | - | - | - | - | - | - | €0.07m | €0.4m | ▲ 497% |
| Tangible fixed assets22/27 | - | - | - | - | - | - | €0.07m | €0.06m | ▼ 21.7% |
| Furniture and vehicles24 | - | - | - | - | - | - | €0.07m | €0.06m | ▼ 21.7% |
| Financial fixed assets28 | - | - | - | - | - | - | - | €0.4m | - |
| Current assets29/58 | €0.007m | €0.006m | €0.006m | €0.006m | €0.006m | €0.04m | €0.07m | €0.1m | ▲ 96.1% |
| Amounts receivable within one year40/41 | - | - | - | - | - | €0.04m | €0.02m | €0.01m | ▼ 13.8% |
| Trade receivables40 | - | - | - | - | - | €0.04m | €400 | €0.001m | ▲ 139% |
| Other amounts receivable41 | - | - | - | - | - | - | €0.02m | €0.01m | ▼ 17.7% |
| Cash at bank and in hand54/58 | €0.007m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.05m | €0.1m | ▲ 131% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.007m | €0.006m | €0.006m | €0.006m | €0.006m | €0.04m | €0.1m | €0.6m | ▲ 305% |
| Equity10/15 | -€1.5m | -€1.5m | -€1.5m | -€1.5m | -€1.5m | -€0.002m | €0.07m | €0.1m | ▲ 80.9% |
| Contributions10/11 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €2.2m | €2.2m | €2.2m | = |
| Capital10 | - | - | - | €0.7m | €0.7m | €2.2m | €2.2m | €2.2m | = |
| Issued capital100 | - | - | - | €0.7m | €0.7m | €2.2m | €2.2m | €2.2m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | -€2.5m | -€2.5m | -€2.5m | -€2.5m | -€2.5m | -€2.5m | -€2.4m | -€2.3m | ▲ 2.3% |
| Amounts payable17/49 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €0.04m | €0.07m | €0.4m | ▲ 508% |
| Amounts payable within one year42/48 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €0.04m | €0.07m | €0.4m | ▲ 508% |
| Trade debts44 | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | €0.04m | €0.003m | €0.001m | ▼ 85.0% |
| Suppliers440/4 | - | - | - | €0.02m | €0.02m | €0.04m | €0.003m | €0.001m | ▼ 85.0% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €0.009m | €0.006m | €0.003m | ▼ 38.6% |
| Taxes450/3 | - | - | - | - | - | €0.009m | €0.006m | €0.003m | ▼ 38.6% |
| Other amounts payable47/48 | - | - | - | €1.5m | €1.5m | - | €0.07m | €0.4m | ▲ 585% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €520,280 | -€1,242 | -€596 | -€159 | -€2,796 | €15,137 | €69,181 | €54,248 | ▼ 21.6% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €6,174 | €15,912 | ▲ 158% |
| Operating cash flow (approximation) | €520,280 | -€1,242 | -€596 | -€159 | -€2,796 | €15,137 | €75,355 | €70,160 | ▼ 6.9% |
| Investment in fixed assets (approximation) | - | - | - | - | - | - | - | -€380,832 | - |
| Change in cash | - | -€1,061 | €0 | €83 | -€72 | €0 | €45,502 | €67,318 | ▲ 47.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 06-07-2026 | 2026-00264926 | |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00259410 | |
| 31-12-2023 | micro format | 23-07-2024 | 2024-00279833 | |
| 31-12-2022 | micro format | 11-07-2023 | 2023-00230168 | |
| 31-12-2021 | micro format | 13-07-2022 | 2022-20186764 | |
| 31-12-2020 | micro format | 16-08-2021 | 2021-48900238 | |
| 31-12-2019 | micro format | 03-08-2020 | 2020-38300250 | |
| 31-12-2018 | micro format | 30-07-2019 | 2019-40300276 | |
| 31-12-2017 | micro format | 22-08-2018 | 2018-48100329 | |
| 31-12-2016 | micro format | 22-08-2017 | 2017-45600332 |