SOICA
ActiveSummary
The computed 12-month bankruptcy probability of SOICA is 1.6% (moderate). For SOICA, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show negative equity (-€436,406) and a net result of €177,104. Equity is growing by ~15.9% per year across the filed fiscal years. The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability100▲+12
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2022Solvency, return and age of the figures
Solvency
-79.2%
Return on assets
32.2%
Age of the figures
45 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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 15-06-2023, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
46 d early
2021
60 d early
2020
27 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 12 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Equity
-€436,406▲ 28.9%
2021 · -€613,510
Total assets
€550,729▼ 11.3%
2021 · €621,009
Net result
€177,104▼ 54.8%
2021 · €392,023
Working capital
-€922,915▲ 14.0%
2021 · -€1.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€58,371-€41,425▼ 29.0%€70,106▲ 69.2%€462,119▲ 559%€200,629▼ 56.6%
Net result-€11,512--€19,135▼ 66.2%€23,753€392,023▲ 1,550%€177,104▼ 54.8%
Equity-€1.0m--€1.0m▼ 1.9%-€1.0m▲ 2.3%-€613,510▲ 39.0%-€436,406▲ 28.9%
Total assets€922,662-€875,467▼ 5.1%€828,756▼ 5.3%€621,009▼ 25.1%€550,729▼ 11.3%
Debt€1.9m-€1.9m▼ 1.3%€1.8m▼ 3.6%€1.2m▼ 31.2%€987,135▼ 20.0%
Working capital-€876,106--€977,360▼ 11.6%-€1.1m▼ 12.1%-€1.1m▲ 2.0%-€922,915▲ 14.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 57% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €550,729
Fixed assets
€550,320 ▼ 11.3%
Current assets
€408 ▲ 41.1%
Key figures and ratios
EBITDA
€234,393▼
2021 · €496,761
Cash flow
€210,868▼
2021 · €426,665
Solvency
-79.2%▲
2021 · -98.8%
Current ratio
0.00▲
2021 · 0.00
Debt to equity
-2.26▼
2021 · -2.01
ROA
32.2%▼
2021 · 63.1%
Interest coverage
9.96▲
2021 · 4.51
Debt ≤ 1 year
€923,323▼
2021 · €1.1m
Debt > 1 year
€63,812▼
2021 · €160,467
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €516,117 | €244,364 | ▼ 52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,128 | €56,128 | €45,694 | €34,641 | €33,764 | ▼ 2.5% |
| Other operating charges640/8 | - | - | - | €8,957 | €6,575 | ▼ 26.6% |
| Gross operating margin9900 | €118,067 | €101,896 | €120,912 | €505,718 | €240,968 | ▼ 52.4% |
| Operating profit (loss)9901 | €58,371 | €41,425 | €70,106 | €462,119 | €200,629 | ▼ 56.6% |
| Financial charges65/66B | - | - | - | €110,059 | €23,525 | ▼ 78.6% |
| Recurring financial charges65 | €73,962 | €64,640 | €50,432 | €110,059 | €23,525 | ▼ 78.6% |
| Profit (loss) for the period before taxes9903 | -€15,591 | -€23,215 | €19,674 | €352,060 | €177,104 | ▼ 49.7% |
| Transfer from deferred taxes780 | - | - | - | €39,963 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€11,512 | -€19,135 | €23,753 | €392,023 | €177,104 | ▼ 54.8% |
| Profit (loss) for the period to be appropriated9905 | -€11,512 | -€19,135 | €23,753 | €392,023 | €177,104 | ▼ 54.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €922,662 | €875,467 | €828,756 | €621,009 | €550,729 | ▼ 11.3% |
| Fixed assets21/28 | €913,566 | €857,438 | €811,744 | €620,720 | €550,320 | ▼ 11.3% |
| Tangible fixed assets22/27 | €913,566 | €857,438 | €811,744 | €620,720 | €550,320 | ▼ 11.3% |
| Land and buildings22 | - | - | - | €620,720 | €550,320 | ▼ 11.3% |
| Current assets29/58 | €9,096 | €18,030 | €17,012 | €289 | €408 | ▲ 41.1% |
| Amounts receivable within one year40/41 | €9,015 | €3,958 | - | - | - | - |
| Cash at bank and in hand54/58 | €81 | €14,072 | €17,012 | €289 | €408 | ▲ 41.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €922,662 | €875,467 | €828,756 | €621,009 | €550,729 | ▼ 11.3% |
| Equity10/15 | -€1.0m | -€1.0m | -€1.0m | -€613,510 | -€436,406 | ▲ 28.9% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | - | - | €61,973 | €61,973 | = |
| Issued capital100 | - | - | - | €61,973 | €61,973 | = |
| Profit (loss) carried forward14 | -€1.1m | -€1.1m | -€1.1m | -€675,484 | -€498,380 | ▲ 26.2% |
| Provisions and deferred taxes16 | €48,122 | €44,043 | €39,963 | €0 | - | - |
| Deferred taxes168 | - | - | - | €0 | - | - |
| Amounts payable17/49 | €1.9m | €1.9m | €1.8m | €1.2m | €987,135 | ▼ 20.0% |
| Amounts payable after more than one year17 | €994,842 | €865,322 | €681,919 | €160,467 | €63,812 | ▼ 60.2% |
| Financial debts170/4 | - | - | - | €160,467 | €63,812 | ▼ 60.2% |
| Amounts payable within one year42/48 | €885,202 | €995,390 | €1.1m | €1.1m | €923,323 | ▼ 14.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,281 | €5,224 | ▼ 71.4% |
| Trade debts44 | €48,703 | €49,680 | €23,894 | €5,319 | €6,150 | ▲ 15.6% |
| Suppliers440/4 | - | - | - | €5,319 | €6,150 | ▲ 15.6% |
| Other amounts payable47/48 | - | - | - | €1.1m | €911,948 | ▼ 13.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,512 | -€19,135 | €23,753 | €392,023 | €177,104 | ▼ 54.8% |
| + Depreciation and write-downs630 | €56,128 | €56,128 | €45,694 | €34,641 | €33,764 | ▼ 2.5% |
| Operating cash flow (approximation) | €44,616 | €36,992 | €69,447 | €426,665 | €210,868 | ▼ 50.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €156,383 | €36,636 | ▼ 76.6% |
| Change in cash | - | €13,991 | €2,940 | -€16,723 | €119 | ▲ 101% |
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
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €392,023 ▲1,550%
Operating result €462,119, net result €392,023, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €23,753
Net result €23,753 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet -€19,135
Net result drops to -€19,135, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
17-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 139 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 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, Middelkerke · 1 establishment unit since 1996
Ground area
98 m²
Building footprint
159 m²
Volume, LiDAR
3,436 m³
Parcel 35011B0180/00P052, Flanders · tallest building 30.4 m, ±10 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Parijsstraat 28, 8430 Middelkerke
since 19962.076.376.357
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35011B0180/00P052 | Flanders | 98 m² | 1 · 159 m² | 30.4 m · 10 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded25-03-1996
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.