SOMEF
ActiveSummary
SOMEF has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.05M and a net result of €251k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 42% of 54 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62=
Solvency67▲+2
Growth58▲+3
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.54 in 2024; short-term debt: 52.3% and cash: 7.9% of total assets), but 57.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 50
Relative position
BE, all sectors
reference
Water transport (NACE 50)
about 39% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.5%
Return on assets
5.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €2.05M
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 13-04-2026, 109 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
109 d early
2024
114 d early
2023
107 d early
2022
116 d early
2021
124 d early
2020
106 d early
2019
95 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
Financials · fiscal year 2025, full schema
Turnover
€13.81M▲ 15.9%
2024 · €11.92M
2018: €18.50Mhighest in 8 years
2019: €16.58M▼ -10.4% vs 2018
2020: €10.76M▼ -35.1% vs 2019lowest in 8 years
2021: €11.70M▲ +8.8% vs 2020
2022: €13.24M▲ +13.1% vs 2021
2023: €12.25M▼ -7.5% vs 2022
2024: €11.92M▼ -2.7% vs 2023
2025: €13.81M▲ +15.9% vs 2024
2018 → 2025
EBIT margin
2.5%=
2024 · 2.5%
2018: 1.4%lowest in 8 years
2019: 8.2%▲ +487% vs 2018
2020: 18.8%▲ +130% vs 2019highest in 8 years
2021: 6.0%▼ -68.2% vs 2020
2022: 5.8%▼ -3.6% vs 2021
2023: 2.3%▼ -60.7% vs 2022
2024: 2.5%▲ +9.0% vs 2023
2025: 2.5%▲ +0.7% vs 2024
2018 → 2025
Net result
€251k▲ 14.9%
2024 · €218k
2018: €3klowest in 8 years
2019: €935k▲ +30808% vs 2018
2020: €1.53M▲ +63.5% vs 2019highest in 8 years
2021: €510k▼ -66.6% vs 2020
2022: €553k▲ +8.4% vs 2021
2023: €154k▼ -72.1% vs 2022
2024: €218k▲ +41.2% vs 2023
2025: €251k▲ +14.9% vs 2024
2018 → 2025
Working capital
€1.46M▲ 12.7%
2024 · €1.29M
2018: €3.49Mhighest in 8 years
2019: €3.22M▼ -7.6% vs 2018
2020: €1.72M▼ -46.6% vs 2019
2021: €1.51M▼ -12.2% vs 2020
2022: €1.27M▼ -15.7% vs 2021
2023: €1.20M▼ -5.4% vs 2022lowest in 8 years
2024: €1.29M▲ +7.4% vs 2023
2025: €1.46M▲ +12.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11.70M-€13.24M▲ 13.1%€12.25M▼ 7.5%€11.92M▼ 2.7%€13.81M▲ 15.9%
2021: €11.70Mlowest in 5 years
2022: €13.24M▲ +13.1% vs 2021
2023: €12.25M▼ -7.5% vs 2022
2024: €11.92M▼ -2.7% vs 2023
2025: €13.81M▲ +15.9% vs 2024highest in 5 years
Equity€1.60M-€1.59M▼ 0.4%€1.59M▼ 0.3%€1.81M▲ 13.6%€2.05M▲ 13.8%
2021: €1.60M
2022: €1.59M▼ -0.4% vs 2021
2023: €1.59M▼ -0.3% vs 2022lowest in 5 years
2024: €1.81M▲ +13.6% vs 2023
2025: €2.05M▲ +13.8% vs 2024highest in 5 years
Operating result€700k-€763k▲ 9.0%€278k▼ 63.6%€294k▲ 6.0%€343k▲ 16.6%
2021: €700k
2022: €763k▲ +9.0% vs 2021highest in 5 years
2023: €278k▼ -63.6% vs 2022lowest in 5 years
2024: €294k▲ +6.0% vs 2023
2025: €343k▲ +16.6% vs 2024
Net result€510k-€553k▲ 8.4%€154k▼ 72.1%€218k▲ 41.2%€251k▲ 14.9%
2021: €510k
2022: €553k▲ +8.4% vs 2021highest in 5 years
2023: €154k▼ -72.1% vs 2022lowest in 5 years
2024: €218k▲ +41.2% vs 2023
2025: €251k▲ +14.9% vs 2024
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.84M
Fixed assets
€848k ▲ 9.5%
Current assets
€3.99M ▲ 8.0%
Equity and liabilities €4.84M
Equity
€2.05M ▲ 13.8%
Provisions
€140k ▲ 9.5%
Debt
€2.64M ▲ 4.2%
Debt's share of the balance-sheet total falls from 56.7% to 54.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€576k▲
2024 · €517k
Cash flow
€483k▲
2024 · €441k
Current ratio
1.58▲
2024 · 1.54
Debt to equity
1.29▼
2024 · 1.40
ROE
12.2%▲
2024 · 12.1%
ROA
5.2%▲
2024 · 4.9%
Interest coverage
69.42▲
2024 · 59.14
Debt ≤ 1 year
€2.53M▲
2024 · €2.40M
Debt > 1 year
€103k▼
2024 · €112k
Income taxes
€106k▲
2024 · €59k
Staff costs
€3.43M▲
2024 · €3.22M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 80 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.47M€4.84M▲
Fixed assets21/28€774k€848k▲
Tangible fixed assets22/27€544k€585k▲
Land and buildings22€20k€78k▲
Plant, machinery and equipment23€240k€224k▼
Furniture and vehicles24€12k€27k▲
Leasing and similar rights25€133k€64k▼
Other tangible fixed assets26€138k€119k▼
Assets under construction and advance payments27-€73k
Financial fixed assets28€231k€263k▲
Other financial fixed assets284/8€231k€263k▲
Shares284€12k€12k=
Amounts receivable and cash guarantees285/8€218k€251k▲
Current assets29/58€3.69M€3.99M▲
Amounts receivable within one year40/41€3.38M€3.57M▲
Trade receivables40€3.27M€3.19M▼
Other amounts receivable41€113k€374k▲
Cash at bank and in hand54/58€285k€382k▲
Deferred charges and accrued income490/1€27k€41k▲
Equity and liabilities
Total equity and liabilities10/49€4.47M€4.84M▲
Equity10/15€1.81M€2.05M▲
Contributions10/11€832k€832k=
Capital10€832k€832k=
Issued capital100€832k€832k=
Reserves13€753k€753k=
Non-distributable reserves130/1€83k€83k=
Legal reserve130€83k€83k=
Tax-exempt reserves132€358k€358k=
Distributable reserves133€311k€311k=
Profit (loss) carried forward14€218k€469k▲
Investment grants15€3k€2k▼
Provisions and deferred taxes16€128k€140k▲
Provisions for liabilities and charges160/5€128k€140k▲
Pensions and similar obligations160€2k€2k▲
Major repairs and maintenance162€47k€47k=
Other liabilities and charges164/5€79k€90k▲
Amounts payable17/49€2.54M€2.64M▲
Amounts payable after more than one year17€112k€103k▼
Financial debts170/4€112k€103k▼
Leasing and similar obligations172€112k€54k▼
Credit institutions173-€48k
Amounts payable within one year42/48€2.40M€2.53M▲
Current portion of amounts payable after more than one year42€55k€73k▲
Trade debts44€1.28M€1.17M▼
Suppliers440/4€1.28M€1.17M▼
Taxes, remuneration and social security45€1.03M€1.28M▲
Taxes450/3€463k€662k▲
Remuneration and social security454/9€568k€623k▲
Other amounts payable47/48€32k-
Accrued charges and deferred income492/3€21k€7k▼
Income statement
Code20242025
Operating income70/76A€12.50M€14.31M▲
Turnover70€11.92M€13.81M▲
Other operating income74€489k€502k▲
Non-recurring operating income76A€95k-
Operating charges60/66A€12.21M€13.97M▲
Goods for resale, raw materials and consumables60€6.32M€7.27M▲
Purchases600/8€6.32M€7.27M▲
Services and other goods61€2.38M€2.79M▲
Remuneration, social security and pensions62€3.22M€3.43M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€223k€233k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-390k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-71k€12k▲
Other operating charges640/8€138k€619k▲
Operating profit (loss)9901€294k€343k▲
Financial income75/76B€2k€34k▲
Recurring financial income75€2k€34k▲
Other financial income752/9€2k€34k▲
Financial charges65/66B€19k€21k▲
Recurring financial charges65€19k€21k▲
Debt charges650€9k€8k▼
Other financial charges652/9€10k€12k▲
Profit (loss) for the period before taxes9903€277k€357k▲
Income taxes67/77€59k€106k▲
Taxes670/3€85k€106k▲
Tax adjustments and reversals of tax provisions77€26k-
Profit (loss) for the period9904€218k€251k▲
Profit (loss) for the period to be appropriated9905€218k€251k▲
Appropriation of the result
Profit (loss) to be appropriated9906€218k€469k▲
Profit (loss) brought forward from the previous period14P-€218k
Social balance
Average headcount (FTE)908744.747.8▲
The notes to these accounts (81 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €13.71M | €12.77M | €12.50M | €14.31M | ▲ 14.5% |
| Turnover70 | €11.70M | €13.24M | €12.25M | €11.92M | €13.81M | ▲ 15.9% |
| Other operating income74 | - | €403k | €520k | €489k | €502k | ▲ 2.7% |
| Non-recurring operating income76A | - | €73k | €4k | €95k | - | - |
| Operating charges60/66A | - | €12.95M | €12.49M | €12.21M | €13.97M | ▲ 14.4% |
| Goods for resale, raw materials and consumables60 | - | €7.37M | €6.43M | €6.32M | €7.27M | ▲ 15.0% |
| Purchases600/8 | - | €7.37M | €6.43M | €6.32M | €7.27M | ▲ 15.0% |
| Services and other goods61 | - | €2.34M | €2.43M | €2.38M | €2.79M | ▲ 17.4% |
| Remuneration, social security and pensions62 | - | €2.95M | €3.20M | €3.22M | €3.43M | ▲ 6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €202k | €135k | €178k | €223k | €233k | ▲ 4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €233k | €156k | - | €-390k | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €-269k | €-38k | €-71k | €12k | ▲ 117% |
| Other operating charges640/8 | - | €119k | €134k | €138k | €619k | ▲ 348% |
| Non-recurring operating charges66A | - | €78k | - | - | - | - |
| Operating profit (loss)9901 | €700k | €763k | €278k | €294k | €343k | ▲ 16.6% |
| Financial income75/76B | - | €7k | €4k | €2k | €34k | ▲ 1,737% |
| Recurring financial income75 | €7k | €7k | €4k | €2k | €34k | ▲ 1,737% |
| Other financial income752/9 | - | €7k | €4k | €2k | €34k | ▲ 1,737% |
| Financial charges65/66B | - | €9k | €20k | €19k | €21k | ▲ 7.6% |
| Recurring financial charges65 | €6k | €9k | €20k | €19k | €21k | ▲ 7.6% |
| Debt charges650 | €754 | €1k | €11k | €9k | €8k | ▼ 5.0% |
| Other financial charges652/9 | - | €8k | €9k | €10k | €12k | ▲ 18.3% |
| Profit (loss) for the period before taxes9903 | €701k | €760k | €262k | €277k | €357k | ▲ 28.7% |
| Income taxes67/77 | €191k | €207k | €108k | €59k | €106k | ▲ 79.8% |
| Taxes670/3 | - | €207k | €108k | €85k | €106k | ▲ 24.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €26k | - | - |
| Profit (loss) for the period9904 | €510k | €553k | €154k | €218k | €251k | ▲ 14.9% |
| Profit (loss) for the period to be appropriated9905 | €510k | €553k | €154k | €218k | €251k | ▲ 14.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.97M | €4.88M | €4.89M | €4.47M | €4.84M | ▲ 8.2% |
| Fixed assets21/28 | €598k | €807k | €787k | €774k | €848k | ▲ 9.5% |
| Tangible fixed assets22/27 | €405k | €611k | €558k | €544k | €585k | ▲ 7.6% |
| Land and buildings22 | - | €28k | €24k | €20k | €78k | ▲ 282% |
| Plant, machinery and equipment23 | - | €146k | €203k | €240k | €224k | ▼ 6.8% |
| Furniture and vehicles24 | - | €22k | €11k | €12k | €27k | ▲ 121% |
| Leasing and similar rights25 | - | €270k | €201k | €133k | €64k | ▼ 51.8% |
| Other tangible fixed assets26 | - | €145k | €119k | €138k | €119k | ▼ 14.0% |
| Assets under construction and advance payments27 | - | - | - | - | €73k | - |
| Financial fixed assets28 | €193k | €196k | €229k | €231k | €263k | ▲ 13.9% |
| Other financial fixed assets284/8 | - | €196k | €229k | €231k | €263k | ▲ 13.9% |
| Shares284 | - | €12k | €12k | €12k | €12k | = |
| Amounts receivable and cash guarantees285/8 | - | €184k | €217k | €218k | €251k | ▲ 14.7% |
| Current assets29/58 | €4.37M | €4.08M | €4.10M | €3.69M | €3.99M | ▲ 8.0% |
| Amounts receivable within one year40/41 | €3.40M | €3.32M | €3.44M | €3.38M | €3.57M | ▲ 5.4% |
| Trade receivables40 | - | €3.22M | €3.44M | €3.27M | €3.19M | ▼ 2.4% |
| Other amounts receivable41 | - | €100k | - | €113k | €374k | ▲ 232% |
| Cash at bank and in hand54/58 | €961k | €746k | €655k | €285k | €382k | ▲ 34.1% |
| Deferred charges and accrued income490/1 | - | €15k | €10k | €27k | €41k | ▲ 54.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.97M | €4.88M | €4.89M | €4.47M | €4.84M | ▲ 8.2% |
| Equity10/15 | €1.60M | €1.59M | €1.59M | €1.81M | €2.05M | ▲ 13.8% |
| Contributions10/11 | €832k | €832k | €832k | €832k | €832k | = |
| Capital10 | - | €832k | €832k | €832k | €832k | = |
| Issued capital100 | - | €832k | €832k | €832k | €832k | = |
| Reserves13 | €753k | €753k | €753k | €753k | €753k | = |
| Non-distributable reserves130/1 | - | €83k | €83k | €83k | €83k | = |
| Legal reserve130 | - | €83k | €83k | €83k | €83k | = |
| Tax-exempt reserves132 | - | €358k | €358k | €358k | €358k | = |
| Distributable reserves133 | - | €311k | €311k | €311k | €311k | = |
| Profit (loss) carried forward14 | - | - | - | €218k | €469k | ▲ 115% |
| Investment grants15 | - | €9k | €5k | €3k | €2k | ▼ 47.5% |
| Provisions and deferred taxes16 | €506k | €237k | €199k | €128k | €140k | ▲ 9.5% |
| Provisions for liabilities and charges160/5 | - | €237k | €199k | €128k | €140k | ▲ 9.5% |
| Pensions and similar obligations160 | - | €1k | €2k | €2k | €2k | ▲ 61.9% |
| Major repairs and maintenance162 | - | €168k | €118k | €47k | €47k | = |
| Other liabilities and charges164/5 | - | €67k | €79k | €79k | €90k | ▲ 14.2% |
| Amounts payable17/49 | €2.86M | €3.05M | €3.10M | €2.54M | €2.64M | ▲ 4.2% |
| Amounts payable after more than one year17 | - | €220k | €167k | €112k | €103k | ▼ 8.1% |
| Financial debts170/4 | - | €220k | €167k | €112k | €103k | ▼ 8.1% |
| Leasing and similar obligations172 | - | €220k | €167k | €112k | €54k | ▼ 51.2% |
| Credit institutions173 | - | - | - | - | €48k | - |
| Amounts payable within one year42/48 | €2.86M | €2.80M | €2.90M | €2.40M | €2.53M | ▲ 5.4% |
| Current portion of amounts payable after more than one year42 | - | €51k | €53k | €55k | €73k | ▲ 32.3% |
| Trade debts44 | €1.50M | €1.29M | €1.34M | €1.28M | €1.17M | ▼ 8.5% |
| Suppliers440/4 | - | €1.29M | €1.34M | €1.28M | €1.17M | ▼ 8.5% |
| Taxes, remuneration and social security45 | - | €912k | €932k | €1.03M | €1.28M | ▲ 24.5% |
| Taxes450/3 | - | €285k | €353k | €463k | €662k | ▲ 42.9% |
| Remuneration and social security454/9 | - | €627k | €579k | €568k | €623k | ▲ 9.6% |
| Other amounts payable47/48 | - | €553k | €573k | €32k | - | - |
| Accrued charges and deferred income492/3 | - | €29k | €36k | €21k | €7k | ▼ 66.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €510k | €553k | €154k | €218k | €251k | ▲ 14.9% |
| + Depreciation and write-downs630 | €202k | €135k | €178k | €223k | €233k | ▲ 4.6% |
| Operating cash flow (approximation) | €712k | €688k | €332k | €441k | €483k | ▲ 9.7% |
| Investment in fixed assets (approximation) | - | €-344k | €-158k | €-210k | €-306k | ▼ 45.8% |
| Change in cash | - | €-215k | €-91k | €-370k | €97k | ▲ 126% |
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
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €2MEq €2.05M ▲13.8%
8 profitable years in a row build equity to €2.05M.
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
15-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €1.53M ▲63.5%
Operating result €2.02M, net result €1.53M, both a record.
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 34 acts read
About the unread acts
We know of 34 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
34 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, Liège · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de l'Ile-Monsin 874020 Liège1 establishment unit
Rue de l'Ile-Monsin 87, 4020 Liège
since 20012.095.154.369
Recognitions · licences · registrations
Legal Entity Identifier
549300OHQZMVNV4U2725
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BE 0869.953.210
Westerlo · Eq €2.15M
MOTORSHOP DESMET R.
BE 0425.899.977
Waregem · Eq €1.96M
Of 1,340 companies in sector 50400 we hold annual accounts for 394. 251 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-07-2001
Fiscal year end31-12
Activities, NACEBEL 2025
50400Inland freight water transport
Contact
Scores and ratios are computed by Checked and are not a credit decision.