Sohan
ActiveSummary
Sohan has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€5.2m) and a net result of -€933,760. Equity is shrinking by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 143 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-46
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.34 in 2023; short-term debt: 301.7% and cash: 0.4% of total assets), and equity is negative.
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Signals
Six 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 02
Relative position
BE, all sectors
reference
Forestry and logging (NACE 02)
about 55% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-201.7%
Return on assets
-36.2%
Age of the figures
21 mo
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€5.2m
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
95 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 53 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€0▼ 100%
2023 · €188,555
EBIT margin
-74.4%
Net result
-€933,760▼ 290%
2023 · -€239,301
Working capital
-€5.8m▼ 13.9%
2023 · -€5.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 02, Forestry and logging, 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
Line20202021202220232024
Turnover€0€188,555€0▼ 100%
Operating result-€503,147▲ 23.4%-€262,689▲ 47.8%-€311,231▼ 18.5%-€140,209▲ 55.0%-€834,222▼ 495%
Net result-€505,993below the sector's middle half▲ 23.2%-€352,297below the sector's middle half▲ 30.4%-€332,154below the sector's middle half▲ 5.7%-€239,301below the sector's middle half▲ 28.0%-€933,760below the sector's middle half▼ 290%
EBIT margin-74.4%
Equity-€3.4mbelow the sector's middle half▼ 17.8%-€3.7mbelow the sector's middle half▼ 10.5%-€4.0mbelow the sector's middle half▼ 9.0%-€4.3mbelow the sector's middle half▼ 5.9%-€5.2mbelow the sector's middle half▼ 21.8%
Total assets€1.4mwithin the sector's middle half▼ 6.0%€1.2mwithin the sector's middle half▼ 18.0%€3.2mwithin the sector's middle half▲ 168%€3.5mabove the sector's middle half▲ 9.3%€2.6mwithin the sector's middle half▼ 25.7%
Debt€4.8m▲ 9.4%€4.9m▲ 1.9%€7.2m▲ 47.6%€7.8m▲ 7.4%€7.8m▲ 0.5%
Working capital-€4.6mbelow the sector's middle half▼ 7.7%-€4.6mbelow the sector's middle half▲ 0.2%-€5.0mbelow the sector's middle half▼ 8.0%-€5.1mbelow the sector's middle half▼ 2.6%-€5.8mbelow the sector's middle half▼ 13.9%
Solvency-231.8%below the sector's middle half▼ 46.9pp-312.5%below the sector's middle half▼ 80.8pp-126.9%below the sector's middle half▲ 185.7pp-123.0%below the sector's middle half▲ 3.9pp-201.7%below the sector's middle half▼ 78.7pp
Current ratio0.04below the sector's middle half▲ 0.020.06below the sector's middle half▲ 0.020.31below the sector's middle half▲ 0.250.34below the sector's middle half▲ 0.030.25below the sector's middle half▼ 0.09
Return on assets (ROA)-35.0%below the sector's middle half▲ 7.9pp-29.7%below the sector's middle half▲ 5.3pp-10.4%below the sector's middle half▲ 19.3pp-6.9%below the sector's middle half▲ 3.6pp-36.2%below the sector's middle half▼ 29.3pp
Staff (FTE)2.7within the sector's middle half▼ 3.6%2within the sector's middle half▼ 25.9%1.2within the sector's middle half▼ 40.0%0.3below the sector's middle half▼ 75.0%0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 02, Forestry and logging, 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 €834,222 in 2024 against €140,209 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.6m
Fixed assets
€611,197 ▼ 26.7%
Current assets
€2.0m ▼ 25.4%
Key figures and ratios
EBITDA
-€605,463▼
2023 · €97,014
Cash flow
-€705,001▼
2023 · -€2,077
Quick ratio
0.01▲
2023 · 0.01
Debt to equity
-1.50▲
2023 · -1.81
Interest coverage
-6.14▼
2023 · 1.00
Debt ≤ 1 year
€7.8m▲
2023 · €7.8m
Income taxes
€967▼
2023 · €2,386
Staff costs
€412▼
2023 · €6,169
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 598 companies that looked in July 2024 the way this one looks now, 9.4% went bankrupt within 24 months and 83% are still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
9.4%
went bankrupt
6.0%
stopped otherwise
83%
still going
A further 1.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 598 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0 | €188,555 | €0 | ▼ 100% |
| Non-recurring operating income76A | - | €7,832 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €0 | €354,865 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €35,895 | €35,238 | €6,169 | €412 | ▼ 93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €291,820 | €241,756 | €244,208 | €237,223 | €228,759 | ▼ 3.6% |
| Other operating charges640/8 | - | €4,535 | €10,846 | €24,124 | €17,402 | ▼ 27.9% |
| Gross operating margin9900 | -€90,713 | €19,496 | -€20,939 | €127,307 | -€587,649 | ▼ 562% |
| Operating profit (loss)9901 | -€503,147 | -€262,689 | -€311,231 | -€140,209 | -€834,222 | ▼ 495% |
| Financial income75/76B | - | - | €3 | - | €0 | - |
| Recurring financial income75 | €23 | - | €3 | - | €0 | - |
| Financial charges65/66B | - | €89,607 | €19,337 | €96,705 | €98,571 | ▲ 1.9% |
| Recurring financial charges65 | €2,535 | €1,356 | €19,337 | €96,705 | €98,571 | ▲ 1.9% |
| Non-recurring financial charges66B | - | €88,251 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€505,658 | -€352,297 | -€330,564 | -€236,915 | -€932,793 | ▼ 294% |
| Income taxes67/77 | €335 | - | €1,590 | €2,386 | €967 | ▼ 59.5% |
| Profit (loss) for the period9904 | -€505,993 | -€352,297 | -€332,154 | -€239,301 | -€933,760 | ▼ 290% |
| Profit (loss) for the period to be appropriated9905 | -€505,993 | -€352,297 | -€332,154 | -€239,301 | -€933,760 | ▼ 290% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.2m | €3.2m | €3.5m | €2.6m | ▼ 25.7% |
| Fixed assets21/28 | €1.3m | €905,204 | €945,328 | €833,729 | €611,197 | ▼ 26.7% |
| Intangible fixed assets21 | €1,134 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €1.3m | €905,124 | €945,249 | €833,729 | €611,197 | ▼ 26.7% |
| Land and buildings22 | - | €459,862 | €471,360 | €470,786 | €366,482 | ▼ 22.2% |
| Plant, machinery and equipment23 | - | €308,038 | €268,125 | €204,600 | €141,946 | ▼ 30.6% |
| Furniture and vehicles24 | - | €137,224 | €205,764 | €158,343 | €102,770 | ▼ 35.1% |
| Leasing and similar rights25 | - | €0 | €0 | €0 | €0 | - |
| Assets under construction and advance payments27 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €79 | €79 | €79 | €0 | - | - |
| Current assets29/58 | €177,479 | €279,753 | €2.2m | €2.6m | €2.0m | ▼ 25.4% |
| Stocks and contracts in progress3 | - | €0 | €2.1m | €2.6m | €1.9m | ▼ 26.5% |
| Stocks30/36 | - | €0 | €2.1m | €2.6m | €1.9m | ▼ 26.5% |
| Amounts receivable within one year40/41 | €161,924 | €270,832 | €84,600 | €39,131 | €47,394 | ▲ 21.1% |
| Trade receivables40 | - | €246,703 | €72,500 | €37,303 | €18,246 | ▼ 51.1% |
| Other amounts receivable41 | - | €24,128 | €12,100 | €1,828 | €29,148 | ▲ 1,494% |
| Cash at bank and in hand54/58 | €7,309 | €658 | €12,444 | €0 | €10,954 | - |
| Deferred charges and accrued income490/1 | - | €8,263 | €4,546 | €3,755 | €4,315 | ▲ 14.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.2m | €3.2m | €3.5m | €2.6m | ▼ 25.7% |
| Equity10/15 | -€3.4m | -€3.7m | -€4.0m | -€4.3m | -€5.2m | ▼ 21.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€3.4m | -€3.7m | -€4.1m | -€4.3m | -€5.2m | ▼ 21.7% |
| Amounts payable17/49 | €4.8m | €4.9m | €7.2m | €7.8m | €7.8m | ▲ 0.5% |
| Amounts payable within one year42/48 | €4.8m | €4.9m | €7.2m | €7.8m | €7.8m | ▲ 0.5% |
| Current portion of amounts payable after more than one year42 | - | - | €1.6m | €1.6m | €1.6m | = |
| Financial debts43 | - | - | - | €849,147 | €114,000 | ▼ 86.6% |
| Credit institutions430/8 | - | - | - | €849,147 | €114,000 | ▼ 86.6% |
| Trade debts44 | €41,019 | €143,847 | €23,462 | €657,423 | €15,782 | ▼ 97.6% |
| Suppliers440/4 | - | €143,847 | €23,462 | €657,423 | €15,782 | ▼ 97.6% |
| Taxes, remuneration and social security45 | - | €56,702 | €10,744 | €22,115 | €4,181 | ▼ 81.1% |
| Taxes450/3 | - | €51,899 | €6,860 | €22,115 | €4,181 | ▼ 81.1% |
| Remuneration and social security454/9 | - | €4,803 | €3,884 | €0 | - | - |
| Other amounts payable47/48 | - | €4.7m | €5.6m | €4.6m | €6.1m | ▲ 31.0% |
| Accrued charges and deferred income492/3 | - | €0 | €1,691 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€505,993 | -€352,297 | -€332,154 | -€239,301 | -€933,760 | ▼ 290% |
| + Depreciation and write-downs630 | €291,820 | €241,756 | €244,208 | €237,223 | €228,759 | ▼ 3.6% |
| Operating cash flow (approximation) | -€214,173 | -€110,541 | -€87,946 | -€2,077 | -€705,001 | ▼ 33,841% |
| Investment in fixed assets (approximation) | - | €121,388 | -€284,333 | -€125,624 | -€6,227 | ▲ 95.0% |
| Change in cash | - | -€6,651 | €11,786 | -€12,444 | €10,954 | ▲ 188% |
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
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 70 days late
2024
31-12
Financial
Weakest financial yearnet -€933,760
Net result drops to -€933,760, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 95 days late
23-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 236 days late
2019
12-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 255 days late
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 140 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Pepinster · 1 establishment unit since 2015
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.
Sohan 14860 Pepinster1 establishment unit
Bio Sohan
since 20152.247.761.796
Recognitions · licences · registrations
Food safety, FASFC
1 sitePepinster2.247.761.796
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 606 companies in sector 02100 we hold annual accounts for 210. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-03-2015
Fiscal year end31-12
Activities, NACEBEL 2025
02100Forestry and logging
01450Raising of sheep and goats
01500Mixed farming
10510Manufacture of food products
46331Wholesale trade
47271Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0627622761
Registered
27-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.