SOME
ActiveSummary
The computed 12-month bankruptcy probability of SOME is 4.4% (elevated). The 2025 annual accounts show negative equity (-€276,516) and a net result of -€529,656. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 7% of 96 sector peers (NACE 29, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-09-2010 Normal situation
- Activity
- Manufacture of motor vehicles, trailers and semi-trailers NACE 29310and 4 others
- Joint committees
- 100 Aanvullend Paritair Comité voor de werklieden
- 201 Paritair Comité voor de zelfstandige kleinhandel · annual accounts 2025
- Establishment unit
- 2.193.768.529 2230 Herselt, since 14-09-2010
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
- Mellaerts SonjaDirector · since 16-09-2010
- Raets ErwinDirector · since 16-09-2010
- Auditor
- Ernst & Young Bedrijfsrevisoren BV
- Erwin Raets37.51%annual accounts 2025
- Sonja Mellaerts37.51%annual accounts 2025
- DATS 2424.98%· score 94annual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.4%
- Gross margin
- -€337,145
- ▼ 43.3%
- Loss
- €529,656
- ▲ 33.6%
- Equity
- -€276,516
- Total assets
- €1.5m
- ▼ 15.6%
- Staff
- 0.8 FTE
- ▲ 300%
- Negative equity on 31-12-2025
- 2025 accounts filed 45 days after the deadline
Score breakdownraises riskLoss of €529,656, the second in a row (financial year 2025)Negative equity -€276,516Last filed accounts filed 45 days late; 2 of the last 3 accounts latelowers riskSize: 0.8 FTE, total assets €1.5mShow the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 29, micro). It does better than 9% of them on solvency, 28% on liquidity, 7% on profitability and 3% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 47 days after the deadline. In the sector (NACE 29), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 45 days after the deadline Filed on 14 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00512211.
Annual accounts 2025 filed on 14-09-2026 at the NBB all 15 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €503,822, larger than the loss of €337,145 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of motor vehicles, trailers and semi-trailers (NACE 29). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Average over the year, in full-time equivalents | 0.3 | 0.2 | 0.1 | 0.2 | 0.8 |
| Joined | 62 | - | - | 18 | 10 |
| Left | 62 | - | - | 18 | 10 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,870 | €16,109 | - | - | €14,795 |
| Intangible fixed assets | €151,385 | €489,981 | €261,029 | €219,311 | - |
| Depreciation and write-downs of the year | €9,705 | €40,000 | €71,533 | €96,863 | €119,068 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €16,179 awarded · €16,096 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €0 | €2,841 |
| 2024 | 1 | €7,500 | €4,659 |
| 2023 | 1 | €1,179 | €1,096 |
| 2022 | 1 | €7,500 | €7,500 |
Comparable companies
These companies have the same main activity as SOME: manufacture of motor vehicles, trailers and semi-trailers (NACE 29310). They are comparable in size and age: total assets between €247,000 and €540,000, founded between 1973 and 2021.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| SOME Herselt | 2010 | €1.5m | -€0.3m | -€0.3m | -€0.5m | 0.8 | 2025 |
| TUNING BOX Waimes | 2000 | €0.5m | €0.1m | €0.05m | -€0.05m | 1.1 | 2025 |
| Etienne Nelissen Hasselt | 2003 | €0.4m | €0.3m | €0.02m | €0.005m | - | 2025 |
| Co-Laden Hasselt | 2021 | €0.2m | €0.009m | -€0.003m | -€0.04m | - | 2025 |
| Compelec Tervuren | 1973 | €0.3m | €0.3m | -€0.04m | €0.02m | - | 2025 |
| S.I.E. IMMO Tongeren-Borgloon | 1989 | €0.5m | €0.4m | €0.08m | - | 1 | 2025 |
| RECTIPIECES Florennes | 1995 | €0.4m | €0.3m | €0.1m | €0.04m | 0.3 | 2025 |
They were chosen from the 50 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 6,907 companies had the same profile as SOME has now. Two years later, 5.8% had gone bankrupt and 85.5% were still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOME itself: 4.4% within 12 months.
Test of the method
The method was tested on the 497,445 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 6,907 companies, not a prediction for SOME. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €33,942 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €8,272 | €6,899 | €6,418 | €3,000 | €46,726 | ▲ 16× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €698 | €6,749 | €7,709 | €9,705 | €40,000 | €71,533 | €96,863 | €119,068 | ▲ 22.9% |
| Other operating charges640/8 | - | - | - | €550 | €652 | €892 | €2,052 | €884 | ▼ 56.9% |
| Gross operating margin9900 | €54,782 | €92,648 | €112,644 | €5,040 | €47,878 | €103,580 | -€235,231 | -€337,145 | ▼ 43.3% |
| Operating profit (loss)9901 | €53,292 | €85,453 | €98,339 | -€13,486 | €327 | €24,737 | -€337,145 | -€503,822 | ▼ 49.4% |
| Financial income75/76B | - | - | - | €2,937 | €4,416 | €3 | €3 | €15,558 | ▲ 4,603× |
| Recurring financial income75 | €231 | - | €90 | €2,937 | €4,416 | €3 | €3 | €15,558 | ▲ 4,603× |
| Financial charges65/66B | - | - | - | €2,862 | €1,360 | €17,486 | €59,067 | €41,392 | ▼ 29.9% |
| Recurring financial charges65 | €11,830 | €10,789 | €5,914 | €2,862 | €1,360 | €17,486 | €59,067 | €41,392 | ▼ 29.9% |
| Profit (loss) for the period before taxes9903 | €41,693 | €74,664 | €92,515 | -€13,411 | €3,384 | €7,255 | -€396,209 | -€529,656 | ▼ 33.7% |
| Income taxes67/77 | €5,658 | €14,933 | €20,414 | €229 | €452 | €7,054 | €289 | - | - |
| Profit (loss) for the period9904 | €36,035 | €59,731 | €72,101 | -€13,639 | €2,932 | €201 | -€396,498 | -€529,656 | ▼ 33.6% |
| Profit (loss) for the period to be appropriated9905 | €36,035 | €59,731 | €72,101 | -€13,639 | €2,932 | €201 | -€396,498 | -€529,656 | ▼ 33.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.09m | €0.1m | €0.2m | €0.8m | €0.9m | €1.7m | €1.7m | €1.5m | ▼ 15.6% |
| Fixed assets21/28 | €0.001m | €0.03m | €0.02m | €0.2m | €0.6m | €0.8m | €0.9m | €0.8m | ▼ 11.1% |
| Intangible fixed assets21 | - | - | - | €0.1m | €0.6m | €0.8m | €0.9m | €0.8m | ▼ 12.3% |
| Tangible fixed assets22/27 | €0.001m | €0.03m | €0.02m | €0.02m | €0.03m | €0.01m | €0.007m | €0.02m | ▲ 132% |
| Plant, machinery and equipment23 | - | - | - | €0.009m | €0.01m | €0.009m | €0.006m | €0.003m | ▼ 49.8% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.01m | €0.003m | €0.002m | €0.01m | ▲ 761% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €0.09m | €0.1m | €0.2m | €0.6m | €0.3m | €0.9m | €0.8m | €0.6m | ▼ 20.9% |
| Stocks and contracts in progress3 | €0.03m | €0.03m | €0.03m | €0.04m | €0.2m | €0.8m | €0.6m | €0.5m | ▼ 14.3% |
| Stocks30/36 | - | - | - | €0.04m | €0.2m | €0.8m | €0.6m | €0.5m | ▼ 14.3% |
| Amounts receivable within one year40/41 | €0.01m | €0.03m | €0.09m | €0.1m | €0.06m | €0.07m | €0.07m | €0.04m | ▼ 46.2% |
| Trade receivables40 | - | - | - | €0.08m | €0.02m | €0.03m | €0.02m | €0.02m | ▲ 41.1% |
| Other amounts receivable41 | - | - | - | €0.05m | €0.04m | €0.05m | €0.06m | €0.02m | ▼ 72.9% |
| Cash at bank and in hand54/58 | €0.05m | €0.06m | €0.06m | €0.4m | €0.03m | €0.03m | €0.1m | €0.05m | ▼ 47.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €423 | €0.002m | €0.005m | €0.006m | ▲ 32.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.09m | €0.1m | €0.2m | €0.8m | €0.9m | €1.7m | €1.7m | €1.5m | ▼ 15.6% |
| Equity10/15 | €0.03m | €0.09m | €0.2m | €0.6m | €0.6m | €0.6m | €0.3m | -€0.3m | - |
| Contributions10/11 | €0.02m | €0.02m | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €0.01m | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.1m | - | - | - |
| Profit (loss) carried forward14 | - | - | - | -€0.01m | - | - | -€0.3m | -€0.8m | ▼ 198% |
| Amounts payable17/49 | €0.06m | €0.05m | €0.03m | €0.1m | €0.3m | €1.0m | €1.5m | €1.7m | ▲ 17.2% |
| Amounts payable after more than one year17 | - | - | - | - | - | €0.3m | €0.6m | €1.1m | ▲ 74.7% |
| Financial debts170/4 | - | - | - | - | - | - | €0.3m | €0.8m | ▲ 141% |
| Other amounts payable178/9 | - | - | - | - | - | €0.3m | €0.3m | €0.3m | ▲ 2.8% |
| Amounts payable within one year42/48 | €0.06m | €0.05m | €0.03m | €0.1m | €0.3m | €0.7m | €0.8m | €0.6m | ▼ 25.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €0.02m | €63 | ▼ 99.7% |
| Financial debts43 | - | - | - | - | €0.1m | €0.2m | - | - | - |
| Credit institutions430/8 | - | - | - | - | - | €0.2m | - | - | - |
| Other loans439 | - | - | - | - | €0.1m | - | - | - | - |
| Trade debts44 | €0.05m | €0.04m | €0.008m | €0.1m | €0.1m | €0.2m | €0.2m | €0.003m | ▼ 98.6% |
| Suppliers440/4 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.003m | ▼ 98.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.005m | €0.008m | €0.01m | €0.01m | €0.02m | ▲ 47.3% |
| Taxes450/3 | - | - | - | €0.003m | €0.007m | €0.01m | €0.01m | €0.02m | ▲ 52.1% |
| Remuneration and social security454/9 | - | - | - | €0.001m | €0.001m | €0.001m | €410 | - | - |
| Other amounts payable47/48 | - | - | - | - | €0.05m | €0.3m | €0.6m | €0.6m | = |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.04m | €0.04m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,035 | €59,731 | €72,101 | -€13,639 | €2,932 | €201 | -€396,498 | -€529,656 | ▼ 33.6% |
| + Depreciation and write-downs630 | €698 | €6,749 | €7,709 | €9,705 | €40,000 | €71,533 | €96,863 | €119,068 | ▲ 22.9% |
| Operating cash flow (approximation) | €36,733 | €66,480 | €79,811 | -€3,934 | €42,932 | €71,733 | -€299,635 | -€410,588 | ▼ 37.0% |
| Investment in fixed assets (approximation) | - | -€32,699 | -€3,053 | -€156,255 | -€506,090 | -€252,963 | -€219,311 | -€14,795 | ▲ 93.3% |
| Change in cash | - | €13,206 | -€2,054 | €372,716 | -€402,168 | €2,801 | €65,388 | -€45,835 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-09-2026 | 2026-00512211 | NBB |
| 31-12-2024 | abbreviated format | 29-07-2025 | 2025-00360758 | |
| 31-12-2023 | abbreviated format | 14-10-2024 | 2024-00507909 | |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00316405 | |
| 31-12-2021 | abbreviated format | 30-09-2022 | 2022-20455166 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-71200588 | |
| 31-12-2019 | micro format | 31-10-2020 | 2020-68700227 | |
| 31-12-2018 | micro format | 29-09-2019 | 2019-68400105 | |
| 31-12-2017 | micro format | 30-09-2018 | 2018-68200246 | |
| 31-12-2016 | abbreviated format | 30-09-2017 | 2017-64400114 |
Board & ownership
Directors
Board 2
Statutory auditor 1
Owners and capital
Shareholders
3 ownersOwners 3
- Erwin Raetsnatural personSourceown accounts 202537.51%
- Sonja Mellaertsnatural personSourceown accounts 202537.51%
- Sourceown accounts 2025Equity €93.9m Profit of €16.8m in 2025 (profit of €16.3m in 2024) Checked score 9424.98%
Mandate history
- Board
- Statutory auditor
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Mellaerts Sonja |
|
| Raets Erwin |
|
| Ernst & Young Bedrijfsrevisoren BV |
|
| Jean-Jacques Delmee |
|
| Jonas Cautaerts |
|
Network & group
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of SOME. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
21-08
Gazette deed
Appointment: Jean-Jacques Delmee (director)Power of attorney3 points ▸
- General meeting, 12-08-2025
- Director appointment, Jean-Jacques Delmee (director (not named in the articles))
- Power of attorney, BV BALILO
25-07
Gazette deed
Resignation: Jonas Cautaerts (director)Appointment: Jean-Jacques Delmee (director)5 points ▸
- General meeting, “bijzondere algemene vergadering van aandeelhouders, unaniem schriftelijk besluit” (deed in Dutch)
- Director resignation, Jonas Cautaerts (director (not named in the articles))
- Director appointment, Jean-Jacques Delmee (director (not named in the articles))
- Other provision, “vermelding laatste bladzijde Luik B voorkant, naam en hoedanigheid ondertekenaar” (deed in Dutch)
- Other provision, “vermelding laatste bladzijde Luik B voorkant en achterkant, naam en hoedanigheid ondertekenaar,naam en handtekening,uitzondering mededelingen” (deed in Dutch)
04-12
Gazette deed
Appointment: Ernst & Young Bedrijfsrevisoren BV (statutory auditor)2 points ▸
- General meeting, 13-11-2023
- Auditor appointment, Ernst & Young Bedrijfsrevisoren BV (statutory auditor)
28-04
Gazette deed
Resignation: Jeroen THEYS (director)Appointment: Jonas CAUTAERTS (director)4 points ▸
- General meeting, 21-01-2022
- Director resignation, Jeroen THEYS (director)
- Director appointment, Jonas CAUTAERTS (director)
- Other provision, “observer, onbepaalde duur” (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Legal Entity Identifier
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13392L0269/00F002 | Flanders | 556 m² | 1 · 164 m² | 8.3 m · 2 |