SOMA CONSTRUCT
ActiveSummary
SOMA CONSTRUCT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €215,702 and a net result of €17,094. Equity is growing by ~39.4% per year across the filed fiscal years. Its solvency ranks better than 49% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-1
Solvency71▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.43 in 2023; short-term debt: 42.9% and cash: 3.1% of total assets), but 54.3% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
71 d late
2022
247 d late
2021
88 d late
2020
23 d late
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 84 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€215,702▲ 8.6%
2023 · €198,608
Total assets
€472,332▼ 6.8%
2023 · €506,965
Net result
€17,094▼ 13.8%
2023 · €19,830
Working capital
€117,627▲ 6.8%
2023 · €110,124
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
Line20202021202220232024
Operating result€20,728▲ 13.6%€136,532▲ 559%€5,850▼ 95.7%€37,494▲ 541%€31,399▼ 16.3%
Net result€12,390▲ 5.2%€104,740▲ 745%€793▼ 99.2%€19,830▲ 2,401%€17,094▼ 13.8%
Equity€73,244▲ 73.8%€177,984▲ 143%€178,777▲ 0.4%€198,608▲ 11.1%€215,702▲ 8.6%
Total assets€318,466▲ 77.7%€432,278▲ 35.7%€431,461▼ 0.2%€506,965▲ 17.5%€472,332▼ 6.8%
Debt€245,222▲ 78.9%€254,294▲ 3.7%€252,684▼ 0.6%€308,357▲ 22.0%€256,630▼ 16.8%
Working capital€7,629▲ 825%€94,434▲ 1,138%€64,607▼ 31.6%€110,124▲ 70.5%€117,627▲ 6.8%
Staff (FTE)0.2
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 2024; 2024 is 16% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €472,332
Fixed assets
€151,873 ▲ 8.7%
Current assets
€320,459 ▼ 12.7%
Equity and liabilities €472,332
Equity
€215,702 ▲ 8.6%
Debt
€256,630 ▼ 16.8%
Debt's share of the balance-sheet total falls from 60.8% to 54.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€95,435▼
2023 · €108,050
Cash flow
€81,130▼
2023 · €90,386
Current ratio
1.58▲
2023 · 1.43
Quick ratio
1.35▲
2023 · 0.99
Debt to equity
1.19▼
2023 · 1.55
ROE
7.9%▼
2023 · 10.0%
ROA
3.6%▼
2023 · 3.9%
Interest coverage
14.65▲
2023 · 11.76
Debt ≤ 1 year
€202,832▼
2023 · €257,117
Debt > 1 year
€53,798▲
2023 · €51,240
Income taxes
€8,440▼
2023 · €9,503
Staff costs
€1,301▼
2023 · €2,248
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €12,447 | €629 | €2,248 | €1,301 | ▼ 42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,458 | €52,006 | €66,002 | €70,556 | €64,036 | ▼ 9.2% |
| Other operating charges640/8 | - | €7,091 | €6,261 | €15,776 | €1,954 | ▼ 87.6% |
| Gross operating margin9900 | €71,429 | €208,076 | €78,741 | €126,074 | €98,690 | ▼ 21.7% |
| Operating profit (loss)9901 | €20,728 | €136,532 | €5,850 | €37,494 | €31,399 | ▼ 16.3% |
| Financial income75/76B | - | €145 | €232 | €1,026 | €652 | ▼ 36.4% |
| Recurring financial income75 | €390 | €145 | €232 | €1,026 | €652 | ▼ 36.4% |
| Financial charges65/66B | - | €5,810 | €5,289 | €9,187 | €6,516 | ▼ 29.1% |
| Recurring financial charges65 | €3,548 | €5,810 | €5,289 | €9,187 | €6,516 | ▼ 29.1% |
| Profit (loss) for the period before taxes9903 | €17,571 | €130,866 | €793 | €29,333 | €25,534 | ▼ 12.9% |
| Income taxes67/77 | €5,181 | €26,126 | - | €9,503 | €8,440 | ▼ 11.2% |
| Profit (loss) for the period9904 | €12,390 | €104,740 | €793 | €19,830 | €17,094 | ▼ 13.8% |
| Profit (loss) for the period to be appropriated9905 | €12,390 | €104,740 | €793 | €19,830 | €17,094 | ▼ 13.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €318,466 | €432,278 | €431,461 | €506,965 | €472,332 | ▼ 6.8% |
| Formation expenses20 | €267 | €89 | - | - | - | - |
| Fixed assets21/28 | €109,377 | €184,822 | €177,676 | €139,724 | €151,873 | ▲ 8.7% |
| Tangible fixed assets22/27 | €109,377 | €184,822 | €177,676 | €139,724 | €151,873 | ▲ 8.7% |
| Plant, machinery and equipment23 | - | €26,133 | €63,905 | €44,699 | €97,984 | ▲ 119% |
| Furniture and vehicles24 | - | €1,406 | - | - | - | - |
| Leasing and similar rights25 | - | €157,283 | €113,771 | €95,025 | €53,889 | ▼ 43.3% |
| Current assets29/58 | €208,822 | €247,367 | €253,785 | €367,241 | €320,459 | ▼ 12.7% |
| Stocks and contracts in progress3 | €138,569 | €16,822 | €73,228 | €111,429 | €47,633 | ▼ 57.3% |
| Stocks30/36 | - | €3,000 | €3,000 | €17,758 | €3,000 | ▼ 83.1% |
| Contracts in progress37 | - | €13,822 | €70,228 | €93,671 | €44,633 | ▼ 52.4% |
| Amounts receivable within one year40/41 | €54,307 | €129,946 | €151,313 | €255,812 | €233,525 | ▼ 8.7% |
| Trade receivables40 | - | €127,248 | €128,950 | €244,857 | €212,078 | ▼ 13.4% |
| Other amounts receivable41 | - | €2,698 | €22,363 | €10,955 | €21,447 | ▲ 95.8% |
| Cash at bank and in hand54/58 | - | €97,820 | €29,244 | - | €14,854 | - |
| Deferred charges and accrued income490/1 | - | €2,780 | - | - | €24,446 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €318,466 | €432,278 | €431,461 | €506,965 | €472,332 | ▼ 6.8% |
| Equity10/15 | €73,244 | €177,984 | €178,777 | €198,608 | €215,702 | ▲ 8.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €51,100 | €151,100 | €151,100 | €170,930 | €188,024 | ▲ 10.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €149,240 | €149,240 | €170,930 | €188,024 | ▲ 10.0% |
| Profit (loss) carried forward14 | €3,544 | €8,284 | €9,077 | €9,077 | €9,077 | = |
| Amounts payable17/49 | €245,222 | €254,294 | €252,684 | €308,357 | €256,630 | ▼ 16.8% |
| Amounts payable after more than one year17 | €44,029 | €101,360 | €63,506 | €51,240 | €53,798 | ▲ 5.0% |
| Financial debts170/4 | - | €101,360 | €63,506 | €51,240 | €53,798 | ▲ 5.0% |
| Amounts payable within one year42/48 | €201,193 | €152,934 | €189,178 | €257,117 | €202,832 | ▼ 21.1% |
| Current portion of amounts payable after more than one year42 | - | €36,646 | €38,774 | €38,571 | €36,158 | ▼ 6.3% |
| Financial debts43 | - | - | - | €4,658 | - | - |
| Credit institutions430/8 | - | - | - | €4,658 | - | - |
| Trade debts44 | €19,390 | €47,341 | €94,111 | €136,254 | €57,165 | ▼ 58.0% |
| Suppliers440/4 | - | €47,341 | €94,111 | €136,254 | €57,165 | ▼ 58.0% |
| Advances received on contracts in progress46 | - | €865 | - | €24,000 | - | - |
| Taxes, remuneration and social security45 | - | €61,895 | €27,931 | €9,529 | €7,584 | ▼ 20.4% |
| Taxes450/3 | - | €58,804 | €27,931 | €9,529 | €7,584 | ▼ 20.4% |
| Remuneration and social security454/9 | - | €3,091 | - | - | - | - |
| Other amounts payable47/48 | - | €6,186 | €28,362 | €44,104 | €101,925 | ▲ 131% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,390 | €104,740 | €793 | €19,830 | €17,094 | ▼ 13.8% |
| + Depreciation and write-downs630 | €46,458 | €52,006 | €66,002 | €70,556 | €64,036 | ▼ 9.2% |
| Operating cash flow (approximation) | €58,848 | €156,747 | €66,795 | €90,386 | €81,130 | ▼ 10.2% |
| Investment in fixed assets (approximation) | - | -€127,452 | -€58,856 | -€32,604 | -€76,185 | ▼ 134% |
| Change in cash | - | - | -€68,576 | - | - | - |
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
2026
27-08
State Gazette act
Resignation: Hoste Marc (director)1 fact ▸
State Gazette act
Resignation: Hoste Marc (director)
1 fact ▸
- Director resignation, Hoste Marc (director)
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €200,000Eq €215,702 ▲8.6%
7 profitable years in a row build equity to €215,702.
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 247 days late
2022
31-12
Financial
Weakest financial yearnet €793 ▼99.2%
Net result drops to €793, the lowest in the series; recovery starts the following year.
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 88 days late
2021
31-12
Financial
Highest result since 2018net €104,740 ▲745%
Operating result €136,532, net result €104,740, both a record.
31-12
Financial
Equity above €150,000Eq €177,984 ▲143%
4 profitable years in a row build equity to €177,984.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2017
Ground area
2,035 m²
Building footprint
130 m²
Volume, LiDAR
749 m³
Parcel 31016D0733/00K003, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Zeebruggelaan 80, 8380 Brugge
since 20172.267.067.172
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31016D0733/00K003 | Flanders | 2,035 m² | 1 · 129 m² | 10.0 m · 2 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.
Mandate history
1 person since 2024, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Marc Hoste |
|
Public money · subsidies and aid
Flemish government
2023 to 2024 · 3 entries · 3,451 EUR awarded · 3,359 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 359 EUR | 359 EUR |
| 2023 | 2 | 3,092 EUR | 3,000 EUR |
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Of 1,366 companies in sector 43110 we hold annual accounts for 635. 489 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
Founded16-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43110Demolition
Scores and ratios are computed by Checked and are not a credit decision.