SOIRON
ActiveSummary
SOIRON has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €844,525 and a net result of €81,922. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 83% of 5113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+4
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 1.95 against 2.21 in 2024; short-term debt: 16.7% and cash: 16.4% of total assets), and 22.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.5%
Return on assets
7.5%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-11-2025, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
56 d early
2023
63 d early
2022
62 d early
2021
61 d early
2020
61 d early
2019
58 d 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 61 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€81,922▲ 83.0%
2024 · €44,757
Working capital
€174,256▼ 1.5%
2024 · €176,958
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€34,888▲ 4.0%€111,794▲ 220%€56,172▼ 49.8%€68,791▲ 22.5%€116,096▲ 68.8%
Net result€30,020within the sector's middle half▲ 21.7%€79,361within the sector's middle half▲ 164%€39,870within the sector's middle half▼ 49.8%€44,757within the sector's middle half▲ 12.3%€81,922within the sector's middle half▲ 83.0%
Equity€664,115within the sector's middle half▲ 4.7%€743,476within the sector's middle half▲ 11.9%€783,346within the sector's middle half▲ 5.4%€788,103within the sector's middle half▲ 0.6%€844,525within the sector's middle half▲ 7.2%
Total assets€1.0mwithin the sector's middle half▲ 28.3%€1.0mwithin the sector's middle half▲ 1.6%€1.1mwithin the sector's middle half▲ 7.4%€1.0mwithin the sector's middle half▼ 5.8%€1.1mbelow the sector's middle half▲ 5.6%
Debt€307,906▲ 165%€244,703▼ 20.5%€280,355▲ 14.6%€212,075▼ 24.4%€213,509▲ 0.7%
Working capital€72,917below the sector's middle half▼ 47.0%€163,626within the sector's middle half▲ 124%€181,377within the sector's middle half▲ 10.8%€176,958within the sector's middle half▼ 2.4%€174,256below the sector's middle half▼ 1.5%
Solvency66.1%above the sector's middle half▼ 14.9pp72.9%above the sector's middle half▲ 6.7pp71.5%above the sector's middle half▼ 1.4pp76.3%above the sector's middle half▲ 4.9pp77.5%above the sector's middle half▲ 1.1pp
Current ratio1.51within the sector's middle half▼ 0.732.45within the sector's middle half▲ 0.942.01within the sector's middle half▼ 0.442.21within the sector's middle half▲ 0.201.95within the sector's middle half▼ 0.26
Return on assets (ROA)3.0%within the sector's middle half▼ 0.2pp7.8%within the sector's middle half▲ 4.8pp3.6%within the sector's middle half▼ 4.1pp4.3%within the sector's middle half▲ 0.7pp7.5%within the sector's middle half▲ 3.2pp
Staff (FTE)1below the sector's middle half▲ 11.1%1below the sector's middle half=1.4below the sector's middle half▲ 40.0%1.5below the sector's middle half▲ 7.1%1.7below the sector's middle half▲ 13.3%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 69% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€733,463 ▲ 3.4%
Current assets
€356,762 ▲ 10.5%
Equity and liabilities €1.1m
Equity
€844,525 ▲ 7.2%
Provisions
€32,191 =
Debt
€213,509 ▲ 0.7%
Debt's share of the balance-sheet total falls from 20.5% to 19.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€184,896▲
2024 · €128,904
Cash flow
€150,722▲
2024 · €104,869
Quick ratio
1.39▼
2024 · 1.44
Debt to equity
0.25▼
2024 · 0.27
ROE
9.7%▲
2024 · 5.7%
Interest coverage
33.06▲
2024 · 16.68
Debt ≤ 1 year
€182,506▲
2024 · €145,880
Debt > 1 year
€24,586▼
2024 · €58,701
Income taxes
€31,147▲
2024 · €17,092
Staff costs
€100,297▲
2024 · €93,371
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,341 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% | 1.8% |
| 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 31,371 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €51,313 | €83,597 | €93,371 | €100,297 | ▲ 7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,323 | €71,130 | €56,139 | €60,112 | €68,800 | ▲ 14.5% |
| Other operating charges640/8 | - | €14,998 | €13,413 | €16,711 | €14,531 | ▼ 13.0% |
| Gross operating margin9900 | €129,895 | €249,236 | €209,320 | €238,985 | €299,724 | ▲ 25.4% |
| Operating profit (loss)9901 | €34,888 | €111,794 | €56,172 | €68,791 | €116,096 | ▲ 68.8% |
| Financial income75/76B | - | €1,132 | €2,461 | €787 | €2,566 | ▲ 226% |
| Recurring financial income75 | €64 | €1,132 | €2,461 | €787 | €2,566 | ▲ 226% |
| Financial charges65/66B | - | €3,291 | €3,097 | €7,730 | €5,593 | ▼ 27.6% |
| Recurring financial charges65 | €1,431 | €3,291 | €3,097 | €7,730 | €5,593 | ▼ 27.6% |
| Profit (loss) for the period before taxes9903 | €33,521 | €109,635 | €55,536 | €61,849 | €113,069 | ▲ 82.8% |
| Income taxes67/77 | €3,501 | €30,273 | €15,666 | €17,092 | €31,147 | ▲ 82.2% |
| Profit (loss) for the period9904 | €30,020 | €79,361 | €39,870 | €44,757 | €81,922 | ▲ 83.0% |
| Profit (loss) for the period to be appropriated9905 | €30,020 | €79,361 | €39,870 | €44,757 | €81,922 | ▲ 83.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.0m | €1.1m | €1.0m | €1.1m | ▲ 5.6% |
| Fixed assets21/28 | €787,716 | €743,932 | €735,267 | €709,531 | €733,463 | ▲ 3.4% |
| Intangible fixed assets21 | €2,812 | €5,851 | €4,430 | €3,009 | €1,588 | ▼ 47.2% |
| Tangible fixed assets22/27 | €784,904 | €738,081 | €730,837 | €706,522 | €731,875 | ▲ 3.6% |
| Land and buildings22 | - | €700,192 | €673,898 | €660,368 | €689,425 | ▲ 4.4% |
| Plant, machinery and equipment23 | - | €37,889 | €46,812 | €37,384 | €37,728 | ▲ 0.9% |
| Furniture and vehicles24 | - | €0 | €10,126 | €8,770 | €4,722 | ▼ 46.2% |
| Current assets29/58 | €216,497 | €276,438 | €360,625 | €322,838 | €356,762 | ▲ 10.5% |
| Stocks and contracts in progress3 | €90,199 | €106,956 | €211,017 | €113,278 | €102,387 | ▼ 9.6% |
| Stocks30/36 | - | €106,956 | €211,017 | €113,278 | €102,387 | ▼ 9.6% |
| Amounts receivable within one year40/41 | €45,732 | €60,622 | €94,036 | €80,102 | €73,291 | ▼ 8.5% |
| Trade receivables40 | - | €60,622 | €63,330 | €73,194 | €72,672 | ▼ 0.7% |
| Other amounts receivable41 | - | €0 | €30,706 | €6,908 | €619 | ▼ 91.0% |
| Cash at bank and in hand54/58 | €49,095 | €107,303 | €55,573 | €129,329 | €178,473 | ▲ 38.0% |
| Deferred charges and accrued income490/1 | - | €1,558 | €0 | €129 | €2,610 | ▲ 1,931% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €1.1m | €1.0m | €1.1m | ▲ 5.6% |
| Equity10/15 | €664,115 | €743,476 | €783,346 | €788,103 | €844,525 | ▲ 7.2% |
| Contributions10/11 | - | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €633,129 | €712,490 | €752,359 | €757,116 | €813,538 | ▲ 7.5% |
| Non-distributable reserves130/1 | - | €3,099 | €3,099 | €0 | - | - |
| Reserves not available under the articles1311 | - | €3,099 | €3,099 | €0 | - | - |
| Tax-exempt reserves132 | - | €26,990 | €26,990 | €26,990 | €26,990 | = |
| Distributable reserves133 | - | €682,401 | €722,271 | €730,126 | €786,548 | ▲ 7.7% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €32,191 | €32,191 | €32,191 | €32,191 | €32,191 | = |
| Provisions for liabilities and charges160/5 | - | €32,191 | €32,191 | €32,191 | €32,191 | = |
| Pensions and similar obligations160 | - | €32,191 | €32,191 | €32,191 | €32,191 | = |
| Amounts payable17/49 | €307,906 | €244,703 | €280,355 | €212,075 | €213,509 | ▲ 0.7% |
| Amounts payable after more than one year17 | €158,470 | €125,637 | €92,383 | €58,701 | €24,586 | ▼ 58.1% |
| Financial debts170/4 | - | €124,037 | €90,783 | €57,101 | €22,986 | ▼ 59.7% |
| Other amounts payable178/9 | - | €1,600 | €1,600 | €1,600 | €1,600 | = |
| Amounts payable within one year42/48 | €143,580 | €112,813 | €179,248 | €145,880 | €182,506 | ▲ 25.1% |
| Current portion of amounts payable after more than one year42 | - | €32,833 | €33,255 | €33,682 | €34,115 | ▲ 1.3% |
| Trade debts44 | €87,289 | €50,639 | €39,185 | €36,220 | €52,259 | ▲ 44.3% |
| Suppliers440/4 | - | €50,639 | €39,185 | €36,220 | €52,259 | ▲ 44.3% |
| Taxes, remuneration and social security45 | - | €29,341 | €19,216 | €27,604 | €29,958 | ▲ 8.5% |
| Taxes450/3 | - | €8,699 | €2,584 | €6,633 | €12,171 | ▲ 83.5% |
| Remuneration and social security454/9 | - | €20,642 | €16,633 | €20,971 | €17,786 | ▼ 15.2% |
| Other amounts payable47/48 | - | - | €87,592 | €48,373 | €66,174 | ▲ 36.8% |
| Accrued charges and deferred income492/3 | - | €6,253 | €8,724 | €7,495 | €6,417 | ▼ 14.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,020 | €79,361 | €39,870 | €44,757 | €81,922 | ▲ 83.0% |
| + Depreciation and write-downs630 | €54,323 | €71,130 | €56,139 | €60,112 | €68,800 | ▲ 14.5% |
| Operating cash flow (approximation) | €84,343 | €150,491 | €96,009 | €104,869 | €150,722 | ▲ 43.7% |
| Investment in fixed assets (approximation) | - | -€27,347 | -€47,474 | -€34,377 | -€92,732 | ▼ 170% |
| Change in cash | - | €58,207 | -€51,730 | €73,757 | €49,143 | ▼ 33.4% |
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
Next filing, fiscal year 2026, expected by
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Highest result since 2019net €81,922 ▲83%
Operating result €116,096, net result €81,922, both a record.
2024
06-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
01-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
30-06
Financial
Weakest financial yearnet €24,672 ▼61.1%
Net result drops to €24,672, the lowest in the series; recovery starts the following year.
2019
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Eupen · 1 establishment unit since 1985
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.
Obere Rottergasse 49a4700 Eupen1 establishment unit
Obere Rottergasse 49a, 4700 Eupen
since 19852.027.209.928
Recognitions · licences · registrations
Food safety, FASFC
1 siteEupen2.027.209.928
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Company details
Identification
Legal formPrivate limited company
Founded31-05-1985
Fiscal year end30-06
Activities, NACEBEL 2025
46392Non-specialised wholesale
47110Non-specialised retail sale with food, beverages or tobacco predominating
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427308853
Also
9925:BE0427308853
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.