SOMAC
ActiveSummary
SOMAC has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €310k and a net result of €-11k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 95% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▲+3
Solvency100=
Growth22=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 31.91; short-term debt: 2.4% and cash: 35.8% of total assets), and 2.4% of the assets are financed with debt.
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Signals
Four 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
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 →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-11k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
31 d late
2023
100 d late
2022
99 d late
2021
101 d late
2020
81 d late
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Turnover
€1k▲ 97.1%
2019 · €647
EBIT margin
-63.3%▲ 824.3pp
2019 · -887.5%
Net result
€-11k▲ 34.0%
2024 · €-16k
Working capital
€233k=
2024 · €233k
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
Line20212022202320242025
Turnover
Operating result€-2k▼ 209%€-4k▼ 80.5%€48€-23k€-19k▲ 19.0%
Net result€-3k▼ 280%€-5k▼ 84.8%€-384▲ 92.1%€-16k▼ 4,152%€-11k▲ 34.0%
EBIT margin
Equity€342k▼ 0.8%€337k▼ 1.4%€337k▼ 0.1%€320k▼ 4.8%€310k▼ 3.4%
Total assets€342k▼ 0.8%€338k▼ 1.2%€340k▲ 0.5%€321k▼ 5.5%€317k▼ 1.3%
Debt€886€3k▲ 241%€816▼ 73.0%€8k▲ 824%
Working capital€278k€281k▲ 1.2%€233k▼ 17.1%€233k=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2025 against €23k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €317k
Fixed assets
€77k ▼ 12.4%
Current assets
€241k ▲ 2.9%
Equity and liabilities €317k
Equity
€310k ▼ 3.4%
Debt
€8k ▲ 824%
Debt's share of the balance-sheet total rises from 0.3% to 2.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-8k▲
2024 · €-19k
Cash flow
€57▲
2024 · €-12k
Current ratio
31.91
Debt to equity
0.02▲
2024 · 0.00
ROE
-3.5%▲
2024 · -5.1%
ROA
-3.4%▲
2024 · -5.1%
Interest coverage
-42.39▲
2024 · -85.55
Debt ≤ 1 year
€8k▲
2024 · €816
Income taxes
€223▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €750 | - |
| Goods, raw materials, services and sundry goods60/61 | €6k | €10k | €6k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €4k | €4k | €11k | ▲ 156% |
| Other operating charges640/8 | €2k | €2k | €2k | €5k | €4k | ▼ 18.9% |
| Gross operating margin9900 | €4k | €1k | €6k | €-15k | €-4k | ▲ 69.8% |
| Operating profit (loss)9901 | €-2k | €-4k | €48 | €-23k | €-19k | ▲ 19.0% |
| Financial income75/76B | €109 | - | €5 | €9k | €9k | ▲ 0.1% |
| Recurring financial income75 | €109 | - | €5 | €9k | €9k | ▲ 0.1% |
| Financial charges65/66B | €264 | €376 | €454 | €223 | €190 | ▼ 14.8% |
| Recurring financial charges65 | €264 | €376 | €454 | €223 | €190 | ▼ 14.8% |
| Profit (loss) for the period before taxes9903 | €-3k | €-5k | €-400 | €-15k | €-11k | ▲ 29.8% |
| Income taxes67/77 | €-18 | €-16 | €-16 | €1k | €223 | ▼ 82.8% |
| Profit (loss) for the period9904 | €-3k | €-5k | €-384 | €-16k | €-11k | ▲ 34.0% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-5k | €-384 | €-16k | €-11k | ▲ 34.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €342k | €338k | €340k | €321k | €317k | ▼ 1.3% |
| Fixed assets21/28 | €63k | €59k | €56k | €87k | €77k | ▼ 12.4% |
| Tangible fixed assets22/27 | €63k | €59k | €56k | €87k | €77k | ▼ 12.4% |
| Land and buildings22 | €62k | €59k | €55k | €51k | €48k | ▼ 7.1% |
| Plant, machinery and equipment23 | €86 | €86 | €86 | €0 | - | - |
| Furniture and vehicles24 | €505 | €505 | €505 | €36k | €29k | ▼ 20.0% |
| Current assets29/58 | €279k | €279k | €284k | €234k | €241k | ▲ 2.9% |
| Amounts receivable within one year40/41 | €100k | €114k | €128k | €132k | €126k | ▼ 4.8% |
| Other amounts receivable41 | €100k | €114k | €128k | €132k | €126k | ▼ 4.8% |
| Current investments50/53 | - | - | - | €100k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €179k | €165k | €156k | €515 | €114k | ▲ 21,974% |
| Deferred charges and accrued income490/1 | - | - | - | €931 | €954 | ▲ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €342k | €338k | €340k | €321k | €317k | ▼ 1.3% |
| Equity10/15 | €342k | €337k | €337k | €320k | €310k | ▼ 3.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | - | - | - |
| Issued capital100 | €19k | €19k | €19k | - | - | - |
| Reserves13 | €28k | €28k | €28k | €28k | €291k | ▲ 942% |
| Distributable reserves133 | €28k | €28k | €28k | €28k | €291k | ▲ 942% |
| Profit (loss) carried forward14 | €295k | €291k | €290k | €274k | €0 | ▼ 100% |
| Amounts payable17/49 | - | €886 | €3k | €816 | €8k | ▲ 824% |
| Amounts payable within one year42/48 | - | €886 | €3k | €816 | €8k | ▲ 824% |
| Trade debts44 | - | €886 | €3k | €816 | €3k | ▲ 306% |
| Suppliers440/4 | - | €886 | €3k | €816 | €3k | ▲ 306% |
| Other amounts payable47/48 | - | - | - | - | €4k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-5k | €-384 | €-16k | €-11k | ▲ 34.0% |
| + Depreciation and write-downs630 | €4k | €4k | €4k | €4k | €11k | ▲ 156% |
| Operating cash flow (approximation) | €1k | €-1k | €3k | €-12k | €57 | ▲ 100% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-36k | €0 | ▲ 100% |
| Change in cash | - | €-14k | €-9k | €-155k | €113k | ▲ 173% |
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
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 286.37
Current ratio from 93.95 to 286.37; short-term debt falls from €3k to €816.
08-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 100 days late
2023
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 99 days late
2022
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 101 days late
2021
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 81 days late
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 1277.28
Current ratio from 588.47 to 1277.28; short-term debt falls from €471 to €215.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kortemark · 1 establishment unit since 2002
Ground area
8.1 ha
Building footprint
178 m²
Volume, LiDAR
915 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ichtegemstraat 123, 8610 Kortemark
since 20022.052.531.777
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011B1035/00P000 | Flanders | 7.8 ha | - | - |
| 32011B0304/00H000 | Flanders | 2,833 m² | 1 · 178 m² | 8.4 m · 2 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.
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Of 2,503 companies in sector 46649 we hold annual accounts for 1,756. 1,347 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 (pre-2019)
Founded19-04-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
46190Agents in non-specialised wholesale trade
46496Wholesale trade
69209Other tax advisory services
Scores and ratios are computed by Checked and are not a credit decision.