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SOINEL

Active
Private limited companyfounded 201610 yrs activeSijpstraat 99, 9250 Waasmunster, BelgiumKBO/BCE: BE 0656.950.019
Summary

SOINEL has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,763 and a net result of €13,896. Equity is growing by ~26.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability73=
Solvency29▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.97 against 1.39 in 2024; short-term debt: 8.8% and cash: 17.4% of total assets), but 96.4% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
3.6%
Return on assets
3.6%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
30 d early
2024
21 d early
2023
13 d early
2022
353 d late
2021
5 d early
2020
3 d early
2019
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 40 days after 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SOINEL was incorporated on 24 June 2016.1 Total assets fell from EUR 553,067 in 2018 to EUR 380,851 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€13,763
2024 · -€133
Total assets
€380,851▼ 4.1%
2024 · €397,142
Net result
€13,896▲ 8.4%
2024 · €12,825
Working capital
€32,669▲ 154%
2024 · €12,873
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
Line20212022202320242025
Operating result€9,258▲ 28.7%€18,118▲ 95.7%€17,378▼ 4.1%€19,248▲ 10.8%€20,060▲ 4.2%
Net result€1,460€10,531▲ 621%€10,370▼ 1.5%€12,825▲ 23.7%€13,896▲ 8.4%
Equity-€33,859▲ 4.1%-€23,328▲ 31.1%-€12,958▲ 44.5%-€133▲ 99.0%€13,763
Total assets€469,315▼ 4.9%€432,391▼ 7.9%€413,452▼ 4.4%€397,142▼ 3.9%€380,851▼ 4.1%
Debt€503,174▼ 4.8%€455,719▼ 9.4%€426,410▼ 6.4%€397,275▼ 6.8%€367,088▼ 7.6%
Working capital-€38,611▲ 3.1%-€21,239▲ 45.0%-€7,123▲ 66.5%€12,873€32,669▲ 154%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2021: €9,258€9,258Net result 2021: €1,460€1,460Operating result 2022: €18,118€18,118Net result 2022: €10,531€10,531Operating result 2023: €17,378€17,378Net result 2023: €10,370€10,370Operating result 2024: €19,248€19,248Net result 2024: €12,825€12,825Operating result 2025: €20,060€20,060Net result 2025: €13,896€13,89620212022202320242025€0€10,000€20,000Operating result 2023: €17,378€17,400Net result 2023: €10,370€10,400Operating result 2024: €19,248€19,200Net result 2024: €12,825€12,800Operating result 2025: €20,060€20,100Net result 2025: €13,896€13,900202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €380,851
Fixed assets €314,539 ▼ 10.4%
Current assets €66,312 ▲ 44.0%
Equity and liabilities €380,851
Equity €13,763
Debt €367,088
Debt finances 96.4% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€56,603▲
2024 · €55,990
Cash flow
€50,439▲
2024 · €49,567
Current ratio
1.97▲
2024 · 1.39
Debt to equity
26.67
ROE
101.0%
ROA
3.6%▲
2024 · 3.2%
Interest coverage
9.18▲
2024 · 8.72
Debt ≤ 1 year
€33,643▲
2024 · €33,187
Debt > 1 year
€333,445▼
2024 · €364,088
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,377 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 10 to 20 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.0% went bankrupt
1.6% stopped otherwise
96% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,377 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet Code20242025
Assets
Total assets20/58€397,142€380,851▼
Fixed assets21/28€351,082€314,539▼
Tangible fixed assets22/27€351,082€314,539▼
Land and buildings22€348,860€313,734▼
Plant, machinery and equipment23€2,222€805▼
Current assets29/58€46,060€66,312▲
Cash at bank and in hand54/58€46,060€66,312▲
Equity and liabilities
Total equity and liabilities10/49€397,142€380,851▼
Equity10/15-€133€13,763▲
Contributions10/11€21,000€21,000=
Profit (loss) carried forward14-€21,133-€7,237▲
Amounts payable17/49€397,275€367,088▼
Amounts payable after more than one year17€364,088€333,445▼
Financial debts170/4€364,088€333,445▼
Amounts payable within one year42/48€33,187€33,643▲
Current portion of amounts payable after more than one year42€30,187€30,643▲
Other amounts payable47/48€3,000€3,000=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36,742€36,543▼
Other operating charges640/8€1,884€1,943▲
Gross operating margin9900€57,874€58,546▲
Operating profit (loss)9901€19,248€20,060▲
Financial charges65/66B€6,423€6,164▼
Recurring financial charges65€6,423€6,164▼
Profit (loss) for the period before taxes9903€12,825€13,896▲
Profit (loss) for the period9904€12,825€13,896▲
Profit (loss) for the period to be appropriated9905€12,825€13,896▲
Appropriation of the result
Profit (loss) to be appropriated9906-€21,133-€7,237▲
Profit (loss) brought forward from the previous period14P-€33,958-€21,133▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36,803€36,742€36,742€36,742€36,543▼ 0.5%
Other operating charges640/8€2,049€1,960€385€1,884€1,943▲ 3.1%
Gross operating margin9900€48,110€56,820€54,505€57,874€58,546▲ 1.2%
Operating profit (loss)9901€9,258€18,118€17,378€19,248€20,060▲ 4.2%
Financial charges65/66B€7,798€7,587€7,008€6,423€6,164▼ 4.0%
Recurring financial charges65€7,798€7,587€7,008€6,423€6,164▼ 4.0%
Profit (loss) for the period before taxes9903€1,460€10,531€10,370€12,825€13,896▲ 8.4%
Profit (loss) for the period9904€1,460€10,531€10,370€12,825€13,896▲ 8.4%
Profit (loss) for the period to be appropriated9905€1,460€10,531€10,370€12,825€13,896▲ 8.4%
Line20212022202320242025Change
Assets
Total assets20/58€469,315€432,391€413,452€397,142€380,851▼ 4.1%
Fixed assets21/28€458,064€421,321€387,824€351,082€314,539▼ 10.4%
Tangible fixed assets22/27€458,064€421,321€387,824€351,082€314,539▼ 10.4%
Land and buildings22€450,993€415,867€383,986€348,860€313,734▼ 10.1%
Plant, machinery and equipment23€7,071€5,454€3,838€2,222€805▼ 63.8%
Current assets29/58€11,251€11,070€25,628€46,060€66,312▲ 44.0%
Amounts receivable within one year40/41-€8,000----
Other amounts receivable41-€8,000----
Cash at bank and in hand54/58€11,251€3,070€25,628€46,060€66,312▲ 44.0%
Equity and liabilities
Total equity and liabilities10/49€469,315€432,391€413,452€397,142€380,851▼ 4.1%
Equity10/15-€33,859-€23,328-€12,958-€133€13,763▲ 10,448%
Contributions10/11€21,000€21,000€21,000€21,000€21,000=
Outside capital11€21,000-----
Other1109/19€21,000-----
Profit (loss) carried forward14-€54,859-€44,328-€33,958-€21,133-€7,237▲ 65.8%
Amounts payable17/49€503,174€455,719€426,410€397,275€367,088▼ 7.6%
Amounts payable after more than one year17€453,312€423,410€393,659€364,088€333,445▼ 8.4%
Financial debts170/4€453,312€423,410€393,659€364,088€333,445▼ 8.4%
Amounts payable within one year42/48€49,862€32,309€32,751€33,187€33,643▲ 1.4%
Current portion of amounts payable after more than one year42€28,862€29,309€29,751€30,187€30,643▲ 1.5%
Other amounts payable47/48€21,000€3,000€3,000€3,000€3,000=
Line20212022202320242025Change
Profit (loss) for the period9904€1,460€10,531€10,370€12,825€13,896▲ 8.4%
+ Depreciation and write-downs630€36,803€36,742€36,742€36,742€36,543▼ 0.5%
Operating cash flow (approximation)€38,263€47,273€47,112€49,567€50,439▲ 1.8%
Investment in fixed assets (approximation)-€1-€3,245€0€0-
Change in cash--€8,181€22,558€20,432€20,252▼ 0.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2018net €13,896 ▲8.4%
Operating result €20,060, net result €13,896, both a record.
10-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
18-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 353 days late
2022
26-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €1,460
Net result €1,460 after 3 loss-making years.
28-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Waasmunster
approximate (street level) On OpenStreetMap
Ground area
8,160 m²
Parcel 42342C0300/00_000, Flanders. Linked by address, not a title deed.
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42342C0300/00_000 Flanders 8,160 m² - -
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 formPrivate limited company
Founded24-06-2016
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0656950019
Also 9925:BE0656950019
Registered 23-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.