Equity
SOJA has made a profit in every financial year since 2010.
SOJA has made a profit in every financial year since 2010.
Debts rose by €7.6m in 2025.
Green is investment, beige is depreciation.
Short-term debts rose from €174,180 to €805,581.
The last five annual accounts were filed 0 to 30 days before the end of the period.
More equity than 95% of companies in head offices and management consultancy. Sector median €78,242 · 39,408 companies.
The dashed line is the sector median: 0.1% across 803 companies (NACE 70, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 70, medium-sized). It does better than 16% of them on solvency, 44% on liquidity, 39% on profitability and 60% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Liquidity is ample, with a current ratio of 2.64 (0.22 in 2024), above the usual 1.5. Short-term debt is 7.6% and cash 0% of total assets. However, 82.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SOJA Antwerp | €10.6m | €241,507 | 17.8% | - |
| A2 Antwerp | €11.4m | €273,581 | 52.1% | - |
| LASEM Wingene | €11.4m | €270,496 | 52.3% | 0 |
| PAUL VERHELST Ostend | €9.1m | €224,201 | 93.7% | 0 |
| GIS MANAGEMENT Ans | €11.5m | €293,966 | 39.4% | - |
| LOWITO Middelkerke | €12.7m | €273,557 | 82.6% | - |
| Delta 11 Ghent | €10.5m | €261,927 | 98.4% | 1.8 |
These companies have the same main activity as SOJA: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €9.1m and €13m, founded between 2007 and 2011.
SOJA files the micro format. That format states no turnover. The gross margin rose from €165,852 in 2010 to €241,507 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €410,000. Estimated: probably between €340,000 and €490,000.
Higher than 22% of 39,376 companies in 2025.
Higher than 58% of 38,058 companies in 2025.
Higher than 22% of 38,530 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
10.6m | 2.9m | 3.0m | 3.0m | 2.1m | 1.0m | 858,308 | 516,217 | 518,160 | 500,548 | 511,662 | 569,500 | 568,209 | 606,226 | 640,940 | 713,382 | |
21/28 |
8.5m | 2.9m | 2.9m | 2.9m | 504,668 | 968,061 | 689,660 | 501,870 | 512,841 | 499,196 | 510,028 | 537,495 | 531,929 | 557,638 | 595,562 | 623,377 | |
22/27 |
622,710 | 593 | 37,296 | 50,100 | 4,668 | 452,561 | 424,160 | 436,370 | 447,341 | 483,696 | 510,028 | 537,495 | 531,929 | 557,638 | 595,562 | 623,377 | |
22 |
622,710 | - | - | - | - | 372,310 | 393,390 | 414,470 | 435,550 | 456,630 | 477,710 | 498,790 | 519,870 | 540,950 | 562,030 | 583,110 | |
23 |
- | - | - | - | - | 73,822 | 28,358 | 18,284 | 9,991 | 16,787 | 16,560 | 15,068 | 12,059 | 14,478 | 22,482 | 20,377 | |
24 |
- | 593 | 37,296 | 50,100 | 4,668 | 6,429 | 2,412 | 3,616 | 1,800 | 10,279 | 15,758 | 23,637 | - | 2,210 | 11,050 | 19,890 | |
28 |
7.9m | 2.9m | 2.9m | 2.9m | 500,000 | 515,500 | 265,500 | 65,500 | 65,500 | 15,500 | - | - | - | - | - | - | |
29/58 |
2.1m | 39,132 | 45,629 | 43,313 | 1.6m | 70,551 | 168,647 | 14,347 | 5,319 | 1,352 | 1,634 | 32,005 | 36,280 | 48,588 | 45,378 | 90,006 | |
40/41 |
2.1m | 35,121 | 42,915 | 36,244 | 1.2m | 60,000 | 165,000 | 14,343 | 5,000 | - | - | 32,000 | 32,000 | 44,723 | 45,000 | 90,000 | |
40 |
86,200 | - | 28,973 | 18,755 | - | - | 105,000 | 500 | - | - | - | - | - | - | - | - | |
41 |
2.0m | 35,121 | 13,942 | 17,489 | 1.2m | 60,000 | 60,000 | 13,843 | 5,000 | - | - | 32,000 | 32,000 | 44,723 | 45,000 | 90,000 | |
54/58 |
4,249 | 964 | - | 1,464 | 372,197 | 5,928 | 1,856 | 4 | 319 | 1,352 | 1,634 | 5 | 4,280 | 3,865 | 378 | 6 | |
490/1 |
3,050 | 3,048 | 2,713 | 5,605 | 2,832 | 4,623 | 1,791 | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
10.6m | 2.9m | 3.0m | 3.0m | 2.1m | 1.0m | 858,308 | 516,217 | 518,160 | 500,548 | 511,662 | 569,500 | 568,209 | 606,226 | 640,940 | 713,382 | |
10/15 |
1.9m | 1.8m | 1.6m | 1.6m | 1.6m | 321,517 | 268,932 | 208,645 | 190,782 | 135,103 | 83,679 | 61,984 | 60,321 | 38,752 | 38,205 | 25,927 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
10 |
- | - | - | 18,600 | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
- | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
1.6m | 1.6m | 1.6m | 1.6m | 1.5m | 289,461 | 236,876 | 176,589 | 158,727 | 103,047 | 23,554 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
171,017 | 171,111 | 171,111 | 171,111 | 171,111 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 287,601 | 235,016 | 174,729 | 156,867 | 101,187 | 21,694 | - | - | - | - | - | |
14 |
255,839 | 141,423 | 13,456 | 13,456 | 13,456 | 13,456 | 13,456 | 13,456 | 13,456 | 13,456 | 41,524 | 41,524 | 39,861 | 18,292 | 17,745 | 5,467 | |
16 |
57,006 | 57,037 | 57,037 | 57,037 | 57,037 | - | - | - | - | - | - | - | - | - | - | - | |
168 |
57,006 | 57,037 | 57,037 | 57,037 | 57,037 | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
8.7m | 1.1m | 1.3m | 1.3m | 491,982 | 717,095 | 589,376 | 307,572 | 327,377 | 365,446 | 427,983 | 507,516 | 507,888 | 567,474 | 602,736 | 687,456 | |
17 |
7.9m | 907,435 | 1.1m | 1.2m | 276,295 | 545,980 | 126,653 | 153,321 | 179,989 | 245,119 | 358,698 | 427,156 | 428,329 | 439,997 | 466,665 | 493,333 | |
170/4 |
7.9m | 907,435 | 1.1m | 1.2m | 276,295 | 545,980 | 126,653 | 153,321 | 179,989 | 245,119 | 358,698 | 427,156 | 428,329 | 439,997 | 466,665 | 493,333 | |
42/48 |
805,581 | 174,180 | 169,467 | 160,845 | 215,687 | 171,114 | 462,723 | 154,251 | 147,388 | 120,327 | 69,285 | 80,360 | 79,559 | 127,477 | 136,071 | 194,123 | |
42 |
104,537 | 109,095 | 68,180 | 66,911 | 55,715 | 93,790 | 325,042 | 44,221 | 31,427 | - | - | - | - | - | - | - | |
43 |
100,000 | 20,344 | 51,831 | 50,000 | - | 40,000 | 50,000 | 50,386 | 45,000 | 50,000 | 32,500 | 51,354 | 50,000 | 65,000 | 80,000 | 120,110 | |
430/8 |
100,000 | 20,344 | 51,831 | 50,000 | - | 40,000 | 50,000 | 50,386 | 45,000 | 50,000 | 32,500 | 51,354 | 50,000 | 65,000 | 80,000 | 120,110 | |
44 |
59,378 | 23,753 | - | 10,233 | 10,563 | 11,477 | 32,691 | 32,741 | 5,252 | 7,248 | 13,220 | 2,288 | 5,469 | 12,319 | 8,550 | 11,548 | |
440/4 |
59,378 | 23,753 | - | 10,233 | 10,563 | 11,477 | 32,691 | 32,741 | 5,252 | 7,248 | 13,220 | 2,288 | 5,469 | 12,319 | 8,550 | 11,548 | |
45 |
41,665 | 20,988 | 49,456 | 33,701 | 134,478 | 25,847 | 24,994 | 7,095 | 51,334 | 48,727 | 23,565 | 20,197 | 21,982 | 10,687 | 11,252 | 14,218 | |
450/3 |
41,665 | 20,988 | 49,456 | 33,701 | 134,478 | 25,847 | 24,994 | 7,095 | 51,334 | 48,727 | 23,565 | 20,197 | 21,982 | 8,687 | 9,502 | 12,468 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,000 | 1,750 | 1,750 | |
47/48 |
500,000 | - | - | - | 14,932 | - | 29,995 | 19,808 | 14,374 | 14,351 | - | 6,521 | 2,108 | 39,472 | 36,269 | 48,247 | |
| Income statement | |||||||||||||||||
76A |
- | 7,453 | - | - | 391,262 | - | - | - | - | - | - | 420 | - | - | - | - | |
9900 |
241,507 | 264,781 | 164,662 | 93,998 | 234,383 | 164,297 | 148,372 | 77,220 | 123,320 | 139,800 | 91,426 | 61,707 | 85,356 | 61,388 | 78,414 | 165,852 | |
630 |
85,460 | 1,157 | 12,804 | 12,802 | 1,761 | 35,424 | 34,367 | 32,018 | 28,476 | 36,491 | 40,221 | 36,984 | 34,030 | 38,627 | 39,281 | 137,373 | |
640/8 |
2,250 | 1,447 | 5,110 | 667 | 6,556 | 10,943 | 2,791 | 7,246 | 4,482 | 4,623 | 4,499 | 4,088 | 4,234 | 4,333 | 3,673 | 5,217 | |
9901 |
153,798 | 262,177 | 146,749 | 80,530 | 226,066 | 117,929 | 111,214 | 37,955 | 90,362 | 98,686 | 46,706 | 20,635 | 47,091 | 18,429 | 35,460 | 23,262 | |
75/76B |
106,200 | - | - | - | 1.2m | - | - | - | 7,621 | - | - | - | - | 3 | 12 | 601 | |
75 |
106,200 | - | - | - | - | - | - | - | - | - | - | - | - | 3 | 12 | 601 | |
76B |
- | - | - | - | 1.2m | - | - | - | 7,621 | - | - | - | - | - | - | - | |
65/66B |
104,656 | 73,910 | 61,804 | 40,476 | 12,140 | 12,446 | 12,591 | 6,436 | 6,184 | 6,213 | 9,517 | 11,804 | 9,773 | 13,464 | 15,179 | 4,928 | |
65 |
104,656 | 73,910 | 61,804 | 40,476 | 12,140 | 12,446 | 12,591 | 6,436 | 6,184 | 6,213 | 9,517 | 11,804 | 9,773 | 13,464 | 15,179 | 4,928 | |
9903 |
155,342 | 188,267 | 84,945 | 40,054 | 1.4m | 105,483 | 98,624 | 31,519 | 91,799 | 92,473 | 37,189 | 9,251 | 37,319 | 4,968 | 20,292 | 18,935 | |
780 |
31 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
42,078 | 59,440 | 20,042 | 15,896 | 106,805 | 31,098 | 37,524 | 13,657 | 36,119 | 41,049 | 15,495 | 5,170 | 13,331 | 4,420 | 8,015 | 11,608 | |
9904 |
113,295 | 128,827 | 64,903 | 24,158 | 1.2m | 74,385 | 61,099 | 17,862 | 55,680 | 51,424 | 21,694 | 4,081 | 23,987 | 547 | 12,278 | 7,327 | |
789 |
94 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | 171,111 | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
113,389 | 128,827 | 64,903 | 24,158 | 1.1m | 74,385 | 61,099 | 17,862 | 55,680 | 51,424 | 21,694 | 4,081 | 23,987 | 547 | 12,278 | 7,327 | |
| Appropriation of the result | |||||||||||||||||
9906 |
254,812 | 142,282 | 78,359 | 37,614 | 1.1m | 87,841 | 74,555 | 31,318 | 69,136 | 92,948 | 63,219 | 43,942 | 42,279 | 18,292 | 17,745 | 7,327 | |
14P |
141,423 | 13,456 | 13,456 | 13,456 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 64,070 | 23,358 | 1.1m | 52,585 | 60,287 | 17,862 | 55,680 | 79,493 | 21,694 | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | 64,070 | 23,358 | 1.1m | 52,585 | 60,287 | 17,862 | 55,680 | 79,493 | 21,694 | - | - | - | - | - | |
694/7 |
833 | 859 | 833 | 800 | 800 | 21,800 | 812 | - | - | - | - | 2,418 | 2,418 | - | - | - | |
694 |
833 | 859 | 833 | 800 | 800 | 800 | 812 | - | - | - | - | 2,418 | 2,418 | - | - | - | |
695 |
- | - | - | - | - | 21,000 | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00096687 | |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00083170 | |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00075568 | |
| 30-09-2022 | micro format | 30-04-2023 | 2023-00073264 | |
| 30-09-2021 | micro format | 31-03-2022 | 2022-09400056 | |
| 30-09-2020 | micro format | 31-03-2021 | 2021-09300063 | |
| 30-09-2019 | micro format | 31-03-2020 | 2020-08100337 | |
| 30-09-2018 | micro format | 31-03-2019 | 2019-08500595 | |
| 30-09-2017 | micro format | 31-03-2018 | 2018-08200066 | |
| 30-09-2016 | abbreviated format | 24-04-2017 | 2017-09600310 | |
| 30-09-2015 | abbreviated format | 12-04-2016 | 2016-09700511 | |
| 30-09-2014 | abbreviated format | 26-05-2015 | 2015-12800111 | |
| 30-09-2013 | abbreviated format | 30-05-2014 | 2014-13800415 | |
| 30-09-2012 | abbreviated format | 31-05-2013 | 2013-13700091 | |
| 30-09-2011 | abbreviated format | 31-05-2012 | 2012-13000315 | |
| 30-09-2010 | abbreviated format | 29-04-2011 | 2011-09500535 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 239,258 | 263,334 | 159,553 | 93,331 | 227,827 | 153,353 | 145,581 | 69,973 | 118,838 | 135,177 | 86,927 | 57,619 | 81,122 | 57,056 | 74,740 | 160,635 | ||
| 198,755 | 129,984 | 77,707 | 36,960 | 1.2m | 109,809 | 95,466 | 49,881 | 84,156 | 87,915 | 61,915 | 41,065 | 58,018 | 39,174 | 51,558 | 144,700 | ||
| 5.7m | -35,547 | 0 | 2.4m | -461,632 | 313,824 | 222,157 | 21,047 | 50,000 | 25,659 | 12,754 | 42,550 | 8,321 | 703 | 11,466 | 759,890 | ||
| 3,285 | - | - | -370,733 | 366,269 | 4,072 | 1,852 | -314 | -1,034 | -282 | 1,629 | -4,276 | 415 | 3,488 | 372 | - | ||
| 1.3m | -135,048 | -123,838 | -117,532 | 1.4m | -100,563 | -294,075 | -139,904 | -142,070 | -118,975 | -67,651 | -48,355 | -43,279 | -78,889 | -90,693 | -104,117 | ||
| 17.8% | 60.9% | 55.7% | 53.4% | 74.0% | 31.0% | 31.3% | 40.4% | 36.8% | 27.0% | 16.4% | 10.9% | 10.6% | 6.4% | 6.0% | 3.6% | ||
| 2.64 | 0.22 | 0.27 | 0.27 | 7.44 | 0.41 | 0.36 | 0.09 | 0.04 | 0.01 | 0.02 | 0.40 | 0.46 | 0.38 | 0.33 | 0.46 | ||
| 4.59 | 0.61 | 0.76 | 0.84 | 0.32 | 2.23 | 2.19 | 1.47 | 1.72 | 2.70 | 5.11 | 8.19 | 8.42 | 14.64 | 15.78 | 26.52 | ||
| 6.0% | 7.3% | 3.9% | 1.5% | 79.5% | 23.1% | 22.7% | 8.6% | 29.2% | 38.1% | 25.9% | 6.6% | 39.8% | 1.4% | 32.1% | 28.3% | ||
| 1.1% | 4.4% | 2.2% | 0.8% | 58.8% | 7.2% | 7.1% | 3.5% | 10.7% | 10.3% | 4.2% | 0.7% | 4.2% | 0.1% | 1.9% | 1.0% | ||
| 2.29 | 3.56 | 2.58 | 2.31 | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €707,577 | - | - | €58,234 |
| Financial fixed assets | €5.0m | - | - | €2.4m |
| €85,460 | €1,157 | €12,804 | €12,802 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 41% lower than in 2024.
Debt's share of the balance-sheet total rises from 37.1% to 81.7%. Equity and debt are higher.
Source: list of holdings in its own 30-09-2025 accounts. Every holding stands with its own latest accounts.
The connected companies are in the list below.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Nieuwelandenweg 32/3 registered office 2030 Antwerp | ||
| Nieuwelandenweg 32 2030 Antwerp | 12-01-2009 | 2.177.583.286 |
| 17-06-2021 | Granted | Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Slopen van niet vrijstaande gebouwen of constructies submitted 19-04-2021 · project 2021068062 | Schoten |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11815A0515/00A000 | 3.2 ha | 1 · 2.1 ha | 48.5 m · 3 |
If something looks wrong or is missing, please tell us.