SOGESMA

Active

Public limited companyfounded 2004active for 22 yearsRue de Capilône(H) 6, 6220 Fleurus, BelgiumKBO/BCE: BE 0866.517.727

Summary

SOGESMA has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25.2m and a net result of -€3.0m. Equity remains stable across the filed financial years (±1.2% per year). Its solvency ranks better than 26% of 6,142 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow Report Compare

SOGESMAActiveChecked score 80/100

Risk analysis Report Compare

Activity

Agents in non-specialised wholesale trade

NACE 46190Wholesale of other household goods NACE 46499

Largest company by total assets in Fleurus, Wholesale and retail trade sector1 site

Size

€129.7mturnover 2025

Staff: 153.5 FTE
Equity: €25.2m
Loss: -€3.0m

Financial health

80 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.4%

Structure

Parent: GIFI DIFFUSION SAS · 70%
Board: 9 members
Holdings: 7

Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises2025 accounts 7 days early

Why 80raises riskLiquidity: current ratio 0.93, cash €1.4mLoss of €3.0m, the second in a row (financial year 2025)Equity €25.2m (23.7% of total assets)lowers riskFounded in 2004Show the evidence

Checked score

Score 2025

80 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 22% of its sector peers (NACE 46, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 49+4

equity 23.7% of total assets

Liquidity 27+5

short-term debt 50.1% · cash 1.3%

Profitability 21+4

return on assets -2.8%

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (746 companies, NACE 46, medium-sized)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025lowest value 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: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026highest value 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026

Credit of up to €2,000,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.93, compared with 1.02 in 2024, below 1; short-term debt: 50.1% and cash: 1.3% of total assets), and 76.3% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (NACE 46, medium-sized): better than 29% on solvency, 30% on liquidity, 11% on profitability and 20% on growth.

The bankruptcy probability was computed on 28-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Liquidity: current ratio 0.93, cash €1.4m

NBB · annual accounts

Loss of €3.0m, the second in a row (financial year 2025)

NBB · annual accounts

Founded in 2004

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Equity €25.2m (23.7% of total assets)

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€3.0m

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

7 days early

2024

13 days early

2023

1 day early

2022

11 days early

2021

33 days early

2020

24 days early

2019

23 days 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 16 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

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 20 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

28-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

23-09-2026 Permanent representatives: Gérard Walter, MITRUGNO Angélique…Reappointments: DELOITTE REVISEURS D'ENTREPRISES, CONSULCOM…
24-07-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Weakest financial yearnet -€3.0m

Key points

Caution: Among the weakest 5% on net resultsector median €112,386 · 6,077 companies -€3.0m View
Board changedlatest change 23-09-2026 · 9 in office 3 joined · 3 left View
Controlled by GIFI DIFFUSION SASknown shareholders 100% 70% View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Caution: 2 loss-making years in a rowloss financial year 2025 -€3.0m View

By topic

Financials

Financial year: 2025
Turnover: €129.7m
Loss: -€3.0m
Solvency: 23.7%

Turnover▼ 5.0%

Net result

20182025

Go to Financials

Board & ownership

Board: 9 members
Parent: GIFI DIFFUSION SAS · 70%
Known shareholders: 100%
Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises

François BruneauDirector
LA CONSULTATION COMMERCIALEDirector
Christophe MISTOUDirector
GIFIDirector
Rémy LECOMTEDirector

and 4 other directors

Go to Board & ownership

Network & group

Subsidiaries, all levels: 17
Direct holdings: 7
Connected companies: 12

17 subsidiaries

Go to Network & group

Timeline

Events: 64
Since: 2005
Next accounts: by 31-07-2027

03-11-2025Resignations: Philippe GINESTET (director) and Didier PASCUAL…
18-07-2025Annual accounts filed
24-03-2025Resignation: BLUE VISION (director)

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Agents in non-specialised wholesale tradeNACE 46190
Founded: 26-07-2004
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 44

Annual meeting: Last day of June at 09:00
Purpose: “L'importation, l'exportation, l'achat en gros et la revente en gros ou au détail de…” (deed in French)

Go to Articles of association

Key facts about SOGESMA

What is the company number of SOGESMA?: 0866.517.727. In Belgium the VAT number is the company number with BE in front: BE 0866.517.727.
Where is SOGESMA based?: The registered office is at Rue de Capilône(H) 6, 6220 Fleurus.Company details
What does SOGESMA do?: According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
What is the legal form of SOGESMA?: Public limited company (NV).
When was SOGESMA founded?: On 26-07-2004.
Is SOGESMA still active?: Yes, SOGESMA is an active enterprise in the KBO register.
How many employees does SOGESMA have?: On average 153.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SOGESMA?: €129.7m in financial year 2025, according to the filed annual accounts.
Is SOGESMA profitable?: In financial year 2025, SOGESMA made a loss of €3.0m.
Where can I find the annual accounts of SOGESMA?: SOGESMA filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SOGESMA due?: By 31-07-2027, for financial year 2026.Timeline