SOM BUILDING PROJECTS
ActiveSummary
SOM BUILDING PROJECTS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.90M and a net result of €-549k. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 49% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability16▼-21
Solvency54▲+8
Growth35=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 2.66 in 2023; short-term debt: 70.3% and cash: 0% of total assets), and 70.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
29.4%
Return on assets
-8.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-549k
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
8 d early
2022
11 d early
2021
12 d early
2020
11 d early
2019
10 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€3.43M▼ 23.4%
2023 · €4.48M
2022: €7.05Mhighest in 3 years
2023: €4.48M▼ -36.5% vs 2022
2024: €3.43M▼ -23.4% vs 2023lowest in 3 years
2022 → 2024
EBIT margin
-11.7%▼ 16.4pp
2023 · 4.7%
2022: 9.3%highest in 3 years
2023: 4.7%▼ -50.1% vs 2022
2024: -11.7%▼ -352% vs 2023lowest in 3 years
2022 → 2024
Net result
€-549k▼ 1,345%
2023 · €-38k
2018: €250k
2019: €366k▲ +46.4% vs 2018highest in 7 years
2020: €234k▼ -36.0% vs 2019
2021: €204k▼ -13.1% vs 2020
2022: €295k▲ +44.6% vs 2021
2023: €-38k▼ -113% vs 2022
2024: €-549k▼ -1345% vs 2023lowest in 7 years
2018 → 2024
Working capital
€1.68M▼ 76.7%
2023 · €7.18M
2018: €2.10M
2019: €2.29M▲ +8.9% vs 2018
2020: €1.75M▼ -23.8% vs 2019
2021: €5.72M▲ +227% vs 2020
2022: €6.40M▲ +12.0% vs 2021
2023: €7.18M▲ +12.1% vs 2022highest in 7 years
2024: €1.68M▼ -76.7% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€7.05M€4.48M▼ 36.5%€3.43M▼ 23.4%
2022: €7.05Mhighest in 3 years
2023: €4.48M▼ -36.5% vs 2022
2024: €3.43M▼ -23.4% vs 2023lowest in 3 years
Equity€1.99M-€2.19M▲ 10.2%€2.49M▲ 13.4%€2.45M▼ 1.5%€1.90M▼ 22.4%
2020: €1.99M
2021: €2.19M▲ +10.2% vs 2020
2022: €2.49M▲ +13.4% vs 2021highest in 5 years
2023: €2.45M▼ -1.5% vs 2022
2024: €1.90M▼ -22.4% vs 2023lowest in 5 years
Operating result€540k-€1.04M▲ 93.6%€659k▼ 36.9%€209k▼ 68.3%€-403k
2020: €540k
2021: €1.04M▲ +93.6% vs 2020highest in 5 years
2022: €659k▼ -36.9% vs 2021
2023: €209k▼ -68.3% vs 2022
2024: €-403k▼ -293% vs 2023lowest in 5 years
Net result€234k-€204k▼ 13.1%€295k▲ 44.6%€-38k€-549k▼ 1,345%
2020: €234k
2021: €204k▼ -13.1% vs 2020
2022: €295k▲ +44.6% vs 2021highest in 5 years
2023: €-38k▼ -113% vs 2022
2024: €-549k▼ -1345% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €403k after €209k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.46M
Fixed assets
€242k =
Current assets
€6.22M ▼ 45.9%
Equity and liabilities €6.46M
Equity
€1.90M ▼ 22.4%
Debt
€4.56M ▼ 51.0%
Debt's share of the balance-sheet total falls from 79.1% to 70.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.37▼
2023 · 2.66
Quick ratio
0.97▼
2023 · 1.47
Debt to equity
2.40▼
2023 · 3.79
ROE
-28.9%▼
2023 · -1.6%
ROA
-8.5%▼
2023 · -0.3%
Debt ≤ 1 year
€4.54M▲
2023 · €4.32M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€11.74M€6.46M▼
Fixed assets21/28€242k€242k=
Financial fixed assets28€242k€242k=
Current assets29/58€11.50M€6.22M▼
Amounts receivable after more than one year29€791k-
Other amounts receivable291€791k-
Stocks and contracts in progress3€5.16M€1.80M▼
Stocks30/36€247k-
Contracts in progress37€4.91M€1.80M▼
Amounts receivable within one year40/41€5.50M€4.41M▼
Trade receivables40€5.33M€3.43M▼
Other amounts receivable41€164k€978k▲
Cash at bank and in hand54/58€56k€1k▼
Equity and liabilities
Total equity and liabilities10/49€11.74M€6.46M▼
Equity10/15€2.45M€1.90M▼
Contributions10/11€6k€6k=
Reserves13€55k€55k=
Non-distributable reserves130/1€55k€55k=
Reserves not available under the articles1311€55k€55k=
Profit (loss) carried forward14€2.39M€1.84M▼
Amounts payable17/49€9.29M€4.56M▼
Amounts payable after more than one year17€4.97M-
Other amounts payable178/9€4.97M-
Amounts payable within one year42/48€4.32M€4.54M▲
Financial debts43€1.51M€462k▼
Credit institutions430/8€1.51M€462k▼
Trade debts44€2.12M€663k▼
Suppliers440/4€2.12M€663k▼
Advances received on contracts in progress46€13k-
Taxes, remuneration and social security45€674k€676k▲
Taxes450/3€674k€676k▲
Other amounts payable47/48-€2.74M
Accrued charges and deferred income492/3€9k€18k▲
Income statement
Code20232024
Turnover70€4.48M€3.43M▼
Goods, raw materials, services and sundry goods60/61€2.09M€735k▼
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€835€292▼
Gross operating margin9900€211k€-402k▼
Operating profit (loss)9901€209k€-403k▼
Financial income75/76B€23k€20k▼
Recurring financial income75€23k€20k▼
Financial charges65/66B€270k€166k▼
Recurring financial charges65€265k€166k▼
Non-recurring financial charges66B€5k-
Profit (loss) for the period before taxes9903€-38k€-549k▼
Income taxes67/77€-368-
Profit (loss) for the period9904€-38k€-549k▼
Profit (loss) for the period to be appropriated9905€-38k€-549k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.39M€1.84M▼
Profit (loss) brought forward from the previous period14P€2.43M€2.39M▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €7.05M | €4.48M | €3.43M | ▼ 23.4% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €6.48M | €2.09M | €735k | ▼ 64.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €225k | - | - | - |
| Other operating charges640/8 | - | €9k | €941 | €1k | €1k | ▲ 8.7% |
| Non-recurring operating charges66A | - | €377 | €500 | €835 | €292 | ▼ 65.1% |
| Gross operating margin9900 | €541k | €1.05M | €885k | €211k | €-402k | ▼ 290% |
| Operating profit (loss)9901 | €540k | €1.04M | €659k | €209k | €-403k | ▼ 293% |
| Financial income75/76B | - | €2k | €18k | €23k | €20k | ▼ 9.6% |
| Recurring financial income75 | €242 | €2k | €18k | €23k | €20k | ▼ 9.6% |
| Non-recurring financial income76B | - | €2k | - | - | - | - |
| Financial charges65/66B | - | €204k | €275k | €270k | €166k | ▼ 38.4% |
| Recurring financial charges65 | €102k | €107k | €273k | €265k | €166k | ▼ 37.2% |
| Non-recurring financial charges66B | - | €97k | €2k | €5k | - | - |
| Profit (loss) for the period before taxes9903 | €438k | €843k | €402k | €-38k | €-549k | ▼ 1,331% |
| Income taxes67/77 | €204k | €639k | €107k | €-368 | - | - |
| Profit (loss) for the period9904 | €234k | €204k | €295k | €-38k | €-549k | ▼ 1,345% |
| Profit (loss) for the period to be appropriated9905 | €234k | €204k | €295k | €-38k | €-549k | ▼ 1,345% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.02M | €13.18M | €13.23M | €11.74M | €6.46M | ▼ 45.0% |
| Fixed assets21/28 | €242k | €242k | €242k | €242k | €242k | = |
| Financial fixed assets28 | €242k | €242k | €242k | €242k | €242k | = |
| Current assets29/58 | €8.78M | €12.94M | €12.99M | €11.50M | €6.22M | ▼ 45.9% |
| Amounts receivable after more than one year29 | - | €470k | €374k | €791k | - | - |
| Other amounts receivable291 | - | €470k | €374k | €791k | - | - |
| Stocks and contracts in progress3 | €2.10M | €7.77M | €7.35M | €5.16M | €1.80M | ▼ 65.0% |
| Stocks30/36 | - | €932k | €261k | €247k | - | - |
| Contracts in progress37 | - | €6.84M | €7.09M | €4.91M | €1.80M | ▼ 63.2% |
| Amounts receivable within one year40/41 | €1.54M | €3.98M | €5.00M | €5.50M | €4.41M | ▼ 19.8% |
| Trade receivables40 | - | €3.80M | €4.78M | €5.33M | €3.43M | ▼ 35.7% |
| Other amounts receivable41 | - | €187k | €222k | €164k | €978k | ▲ 498% |
| Cash at bank and in hand54/58 | €159k | €670k | €266k | €56k | €1k | ▼ 97.4% |
| Deferred charges and accrued income490/1 | - | €44k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.02M | €13.18M | €13.23M | €11.74M | €6.46M | ▼ 45.0% |
| Equity10/15 | €1.99M | €2.19M | €2.49M | €2.45M | €1.90M | ▼ 22.4% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €55k | €55k | €55k | €55k | €55k | = |
| Non-distributable reserves130/1 | - | €55k | €55k | €55k | €55k | = |
| Reserves not available under the articles1311 | - | - | - | €55k | €55k | = |
| Other1319 | - | €55k | €55k | - | - | - |
| Profit (loss) carried forward14 | €1.93M | €2.13M | €2.43M | €2.39M | €1.84M | ▼ 23.0% |
| Amounts payable17/49 | €7.03M | €10.99M | €10.74M | €9.29M | €4.56M | ▼ 51.0% |
| Amounts payable after more than one year17 | - | €3.76M | €4.12M | €4.97M | - | - |
| Other amounts payable178/9 | - | €3.76M | €4.12M | €4.97M | - | - |
| Amounts payable within one year42/48 | €7.03M | €7.22M | €6.58M | €4.32M | €4.54M | ▲ 5.1% |
| Financial debts43 | - | €4.65M | €3.90M | €1.51M | €462k | ▼ 69.4% |
| Credit institutions430/8 | - | €4.65M | €3.90M | €1.51M | €462k | ▼ 69.4% |
| Trade debts44 | €1.28M | €1.99M | €1.67M | €2.12M | €663k | ▼ 68.8% |
| Suppliers440/4 | - | €1.99M | €1.67M | €2.12M | €663k | ▼ 68.8% |
| Advances received on contracts in progress46 | - | €38k | €60k | €13k | - | - |
| Taxes, remuneration and social security45 | - | €548k | €962k | €674k | €676k | ▲ 0.4% |
| Taxes450/3 | - | €548k | €962k | €674k | €676k | ▲ 0.4% |
| Other amounts payable47/48 | - | - | - | - | €2.74M | - |
| Accrued charges and deferred income492/3 | - | €5k | €38k | €9k | €18k | ▲ 99.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €234k | €204k | €295k | €-38k | €-549k | ▼ 1,345% |
| Operating cash flow (approximation) | €234k | €204k | €295k | €-38k | €-549k | ▼ 1,345% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €511k | €-405k | €-209k | €-55k | ▲ 73.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-549k
Net result drops to €-549k, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2MEq €2.19M ▲10.2%
4 profitable years in a row build equity to €2.19M.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €366k ▲46.4%
Net result €366k, the highest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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
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, Genk · 1 establishment unit since 2003
Ground area
2,013 m²
Building footprint
518 m²
Volume, LiDAR
2,605 m³
Parcel 71016I1411/00F008, Flanders · tallest building 14.5 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
SOM BUILDING PROJECTS
since 20032.133.397.214
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71016I1411/00F008 | Flanders | 2,013 m² | 1 · 518 m² | 14.5 m · 1 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.
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GASIM
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LAKENNATIE
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 3,057 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-04-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.