Losses
-€49,621 in eight years
Every financial year from 2018 to 2025 closed with a loss. 2024 was the heaviest.
SOMAC
Lifetime
20 annual accounts with figures on one time axis, 31 filings since 1993peak €52,899 (2006)
-€4,396▲ €10,171
lowest -€16,324 (2024)
-€10,780▲ €5,545
peak €375,532 (2012)
€309,577▼ 3.4%
€7,541▲ 824%
Board1 name since 1994
1 directorPype Aimé
Documentsfilings and deeds
15-07-202616 days before the deadline
2025micro format
Gross margin from -€14,567 to -€4,396Loss of €10,780Debts from €816 to €7,541Cash from €515 to €113,636
Key points
from the 2025 annual accountsFilings
31 annual accounts since 1993
Five of the last ten came late. The 2021 accounts came latest: 101 days after the end of the period.
Position in the sector
97.6%
Higher solvency than 95% of companies in wholesale trade. Sector median 40.4% · 13,805 companies.
Turnover not published (micro format)
Checked score
95
Excellent
Financially stronger than 59% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.7%▲ +0.5 percentage points vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.6%▼ -0.1 percentage points vs 03-2026
05-2026: 0.7%▲ +0.1 percentage points vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026highest value
08-2026: 0.1%▼ -0.6 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
2 of the last 3 accounts late
lowers risk
Founded in 1991
Liquidity: current ratio 31.91, cash €113,636
Equity €309,577 (97.6% of total assets)
Calculation
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 46, micro). It does better than 90% of them on solvency, 92% on liquidity, 19% on profitability and 34% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
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).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as SOMAC has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOMAC itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for SOMAC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 31.91, above the usual 1.5. Short-term debt is 2.4% and cash 35.8% of total assets. 2.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 -€10,780
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 days early
2024
31 days late
2023
100 days late
2022
99 days late
2021
101 days late
2020
81 days late
2019
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 54 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 November (4 of the last 5 accounts filed within 68 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0443932376
First establishment
Ichtegemstraat 123, Kortemark
Incorporation
published on 09-05-1991 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOMAC Kortemark | €317,118 | -€4,396 | 97.6% | - |
| TECHNOMEDIA Torhout | €282,050 | -€2,982 | -32.9% | - |
| SEYNAEVE RUDI Koekelare | €226,906 | -€1,610 | 97.1% | - |
| LUYCKX DIRK Harelbeke | €232,920 | -€6,943 | 62.7% | - |
| BVBA VERMEULEN - VAN HUFFELEN Lint | €445,164 | -€6,816 | 84.0% | - |
| C.W.S. TOOLS Tessenderlo-Ham | €468,173 | -€21,673 | 41.2% | 1 |
| MVC As | €510,220 | -€27,274 | 93.4% | - |
These companies have the same main activity as SOMAC: wholesale of other machinery and equipment (NACE 46649). They are comparable in size and age: total assets between €227,000 and €510,000, founded between 1988 and 1996.
Official details
Source: KBO- Status
- Active since 19-04-1991Normal situation
- Activity
- Wholesale of other machinery and equipmentNACE 46649and 3 others
- Establishment unit
- 2.052.531.7778610 Kortemark, since 22-03-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 02-06-2025
Annual accounts 2025
- €317,118▼ 1.3%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on SOMAC
SOMAC files the micro format. That format states no turnover. The gross margin fell from €52,899 in 2006 to -€4,396 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SOMAC
- What is the company number of SOMAC?
- The company number of SOMAC is 0443.932.376. The VAT number is the same number with BE in front: BE 0443.932.376.
- Where is SOMAC based?
- The registered office is at Ichtegemstraat 123A, 8610 Kortemark.Company details
- What does SOMAC do?
- According to the KBO register, the main activity is wholesale of other machinery and equipment (NACE 46649).
- What is the legal form of SOMAC?
- SOMAC is a private limited company (pre-2019) (BVBA).
- When was SOMAC founded?
- SOMAC was founded on 19-04-1991.
- Is SOMAC still active?
- Yes, SOMAC is an active enterprise in the KBO register.
- What is the turnover of SOMAC?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it. In financial year 2020 turnover was €1,276.Financials
- Is SOMAC profitable?
- In financial year 2025, SOMAC made a loss of €10,780.
- Where can I find the annual accounts of SOMAC?
- SOMAC filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOMAC due?
- SOMAC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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