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SOMAC

Open bankruptcy
Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 1987KBO/BCE: BE 0432.263.375

A bankruptcy procedure is open for SOMAC according to publications in the Belgian State Gazette; curator: CHARLES DE LA VALLEE POUSSIN.

Summary

The 2017 annual accounts show equity of €138,013 and a net result of €10,549.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
French-language Enterprise Court of Brussels
Declared bankrupt
10 February 2020
Supervising judge
Stephane Mercier
Official Gazette
14-02-2020 (pdf) ↗search the document for 2020/106780

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 10-10-2018, 71 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
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

SOMAC was incorporated on 27 October 1987.1 Total assets rose from EUR 57,793 in 2013 to EUR 156,738 in 2017.2 On 10 February 2020 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2013 and 2017
  3. 3Belgian State Gazette, 14-02-2020

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2017, full schema

Turnover
€140,889▼ 18.1%
2016 · €172,011
EBIT margin
14.9%▼ 24.2pp
2016 · 39.1%
Net result
€10,549▼ 78.6%
2016 · €49,308
Working capital
€138,013▲ 7.7%
2016 · €128,171
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
Line20132014201520162017
Turnover€172,011€140,889▼ 18.1%
Operating result€16,220-€28,530▲ 75.9%€29,172▲ 2.3%€67,214▲ 130%€20,926▼ 68.9%
Net result€11,994-€21,740▲ 81.3%€22,749▲ 4.6%€49,308▲ 117%€10,549▼ 78.6%
EBIT margin39.1%14.9%▼ 24.2pp
Equity€33,666-€55,406▲ 64.6%€78,155▲ 41.1%€127,464▲ 63.1%€138,013▲ 8.3%
Total assets€57,793-€61,080▲ 5.7%€138,256▲ 126%€152,887▲ 10.6%€156,738▲ 2.5%
Debt€24,127-€5,674▼ 76.5%€60,101▲ 959%€25,423▼ 57.7%€18,725▼ 26.3%
Working capital€17,331-€49,330▲ 185%€76,563▲ 55.2%€128,171▲ 67.4%€138,013▲ 7.7%
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2013: €16,220€16,220Net result 2013: €11,994€11,994Operating result 2014: €28,530€28,530Net result 2014: €21,740€21,740Operating result 2015: €29,172€29,172Net result 2015: €22,749€22,749Operating result 2016: €67,214€67,214Net result 2016: €49,308€49,308Operating result 2017: €20,926€20,926Net result 2017: €10,549€10,54920132014201520162017€0€20,000€40,000€60,000Operating result 2015: €29,172€29,200Net result 2015: €22,749€22,700Operating result 2016: €67,214€67,200Net result 2016: €49,308€49,300Operating result 2017: €20,926€20,900Net result 2017: €10,549€10,500201520162017
The operating result falls in 2017; 2017 is 69% below 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Equity and liabilities €156,738
Equity €138,013 ▲ 8.3%
Debt €18,725 ▼ 26.3%
Debt's share of the balance-sheet total falls from 16.6% to 11.9%. Equity is higher and debt is lower.
Key figures and ratios
2017 value · change against 2016
EBITDA
€22,861▼
2016 · €69,513
Cash flow
€12,484▼
2016 · €51,607
Current ratio
8.37▲
2016 · 6.63
ROE
7.6%▼
2016 · 38.7%
ROA
6.7%▼
2016 · 32.3%
Debt ≤ 1 year
€18,725▼
2016 · €22,781
Income taxes
€9,831▼
2016 · €17,542
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2017 against 2016 · 25 lines
Balance sheet Code20162017
Assets
Total assets20/58€152,887€156,738▲
Fixed assets21/28€1,935-
Tangible fixed assets22/27€1,935-
Current assets29/58€150,952€156,738▲
Amounts receivable within one year40/41€105,605€150,408▲
Cash at bank and in hand54/58€45,347€6,330▼
Equity and liabilities
Total equity and liabilities10/49€152,887€156,738▲
Equity10/15€127,464€138,013▲
Contributions10/11€6,453€6,453=
Reserves13€11,776€11,776=
Profit (loss) carried forward14€109,235€119,784▲
Amounts payable17/49€25,423€18,725▼
Amounts payable after more than one year17€2,642-
Amounts payable within one year42/48€22,781€18,725▼
Trade debts44€1,183€247▼
Income statement Code20162017
Turnover70€172,011€140,889▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,299€1,935▼
Gross operating margin9900€72,626€37,263▼
Operating profit (loss)9901€67,214€20,926▼
Recurring financial income75€537€462▼
Recurring financial charges65€901€1,008▲
Profit (loss) for the period before taxes9903€66,850€20,380▼
Income taxes67/77€17,542€9,831▼
Profit (loss) for the period9904€49,308€10,549▼
Profit (loss) for the period to be appropriated9905€49,308€10,549▼
Line20132014201520162017Change
Turnover70---€172,011€140,889▼ 18.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,355€6,356€7,642€2,299€1,935▼ 15.8%
Gross operating margin9900€31,661€47,640€39,458€72,626€37,263▼ 48.7%
Operating profit (loss)9901€16,220€28,530€29,172€67,214€20,926▼ 68.9%
Recurring financial income75€669€1,773€3,637€537€462▼ 14.0%
Recurring financial charges65€190€653€1,436€901€1,008▲ 11.9%
Profit (loss) for the period before taxes9903€16,699€29,650€31,373€66,850€20,380▼ 69.5%
Income taxes67/77€4,705€7,910€8,624€17,542€9,831▼ 44.0%
Profit (loss) for the period9904€11,994€21,740€22,749€49,308€10,549▼ 78.6%
Profit (loss) for the period to be appropriated9905€11,994€21,740€22,749€49,308€10,549▼ 78.6%
Line20132014201520162017Change
Assets
Total assets20/58€57,793€61,080€138,256€152,887€156,738▲ 2.5%
Fixed assets21/28€16,335€6,076€4,235€1,935--
Tangible fixed assets22/27€16,335€6,076€4,235€1,935--
Current assets29/58€41,458€55,004€134,022€150,952€156,738▲ 3.8%
Amounts receivable within one year40/41€40,041€54,904€126,290€105,605€150,408▲ 42.4%
Cash at bank and in hand54/58€1,128-€7,337€45,347€6,330▼ 86.0%
Equity and liabilities
Total equity and liabilities10/49€57,793€61,080€138,256€152,887€156,738▲ 2.5%
Equity10/15€33,666€55,406€78,155€127,464€138,013▲ 8.3%
Contributions10/11€6,453€6,453€6,453€6,453€6,453=
Reserves13€11,776€11,776€11,776€11,776€11,776=
Profit (loss) carried forward14€15,437€37,178€59,927€109,235€119,784▲ 9.7%
Amounts payable17/49€24,127€5,674€60,101€25,423€18,725▼ 26.3%
Amounts payable after more than one year17--€2,642€2,642--
Amounts payable within one year42/48€24,127€5,674€57,459€22,781€18,725▼ 17.8%
Trade debts44€21,069€769€49,049€1,183€247▼ 79.1%
Line20132014201520162017Change
Profit (loss) for the period9904€11,994€21,740€22,749€49,308€10,549▼ 78.6%
+ Depreciation and write-downs630€13,355€6,356€7,642€2,299€1,935▼ 15.8%
Operating cash flow (approximation)€25,349€28,096€30,391€51,607€12,484▼ 75.8%
Investment in fixed assets (approximation)-€3,902-€5,800€1--
Change in cash---€38,010-€39,017▼ 203%

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

2020
14-02
Bankruptcy Opening
Tribunal de l’entreprise francophone de Bruxelles · event 10-02-2020
2018
10-10
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 71 days late
2017
31-12
Financial Weakest financial yearnet €10,549 ▼78.6%
Net result drops to €10,549, the lowest in the series.
19-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 50 days late
2016
31-12
Financial Highest result since 2013net €49,308 ▲117%
Operating result €67,214, net result €49,308, both a record.
31-12
Financial Liquidity triplescurrent ratio 6.63
Current ratio from 2.33 to 6.63; short-term debt falls from €57,459 to €22,781.
31-12
Financial Equity above €100,000Eq €127,464 ▲63.1%
4 profitable years in a row build equity to €127,464.
27-09
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 58 days late
2015
21-09
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 52 days late
2014
31-12
Financial Liquidity times 6current ratio 9.69
Current ratio from 1.72 to 9.69; short-term debt falls from €24,127 to €5,674.
21-08
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 21 days late
2013
27-08
NBB filing Annual accounts filed
fiscal year 2012 · full schema · 27 days late
Show earlier events
2012
24-08
NBB filing Annual accounts filed
fiscal year 2011 · full schema · 24 days late
02-02
NBB filing Annual accounts filed
fiscal year 2010 · full schema · 186 days late
2010
14-09
NBB filing Annual accounts filed
fiscal year 2009 · full schema · 45 days late
2009
31-08
NBB filing Annual accounts filed
fiscal year 2008 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
9 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, Brussel · 1 establishment unit since 1999
seat establishment The establishment unit on the map
Ground area
1,580 m²
Building footprint
1,188 m²
Volume, LiDAR
19,827 m³
2 parcels, Brussels · tallest building 32.3 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
NACE 4531002
since 19992.031.143.475
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21812N1454/00V011
ProtectedArchitectural ensembleVoormalige Manufacture Charlet & CieSource ↗
Brussels 1,459 m² 1 · 1,067 m² 24.6 m · 5 fl.
21811M1857/00H002 Brussels 121 m² 1 · 121 m² 32.3 m · 9 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Insolvency mandates

1 mandate
Role Name Tenure
Curator CHARLES DE LA VALLEE POUSSIN
AVENUE LOUISE 349, BTE 17, 1050 BRUXELLES 5
10-02-2020 → present

Similar companies · same sector, comparable size

Of 462 companies in sector 47783 we hold annual accounts for 214. 164 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded27-10-1987
Fiscal year end31-12
Activities, NACEBEL 2025
47783Retail trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0432263375
Also 9925:BE0432263375
Registered 08-09-2026

The company is no longer active; its Peppol card can remain until its access point withdraws it.

Register as of 27 September 2026 · Peppol Directory

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