Overdue debts
The annual accounts state €430,554 of overdue tax debts on 31-12-2025.
The annual accounts state €430,554 of overdue tax debts on 31-12-2025.
SOMEF has made a profit without a break since 2010.
Between 2007 and 2025, 33% of the full-time equivalents disappeared.
SOMEF pays its suppliers 11 days earlier than in 2024. Customers pay 16 days earlier.
The last five annual accounts were filed 107 to 124 days before the end of the period.
More staff than 86% of companies in water transport. Sector median 8.8 FTE · 50 companies.
The dashed line is the sector median: 0.1% across 76 companies (NACE 50, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 50, small). It does better than 47% of them on solvency, 14% on liquidity, 50% on profitability and 68% on growth.
The bankruptcy probability was computed on 08-11-2026 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).
In July 2024, 20,137 companies had the same profile as SOMEF has now. Each dot stands for 51 companies, two years later.
That fits the bankruptcy probability of SOMEF itself: 0.1% within 12 months.
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 20,137 companies, not a prediction for SOMEF. 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.
Liquidity is ample, with a current ratio of 1.58 (1.54 in 2024), above the usual 1.5. Short-term debt is 52.3% and cash 7.9% of total assets. However, 57.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 110 days before the deadline. In the sector (NACE 50), the median for financial year 2024 was 3 days before the deadline, and 41% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SOMEF Liège | €13.8m | 2.5% | 42.5% | 47.8 |
| TRANSPORTS ET MANUTENTION DESCHIETER Mons | €4.5m | 15.4% | 42.3% | 11.8 |
| Beltra - B Schelle | €5.4m | 0.3% | 24.1% | 13 |
| EUROPORTS INLAND TERMINALS Liège | €16.3m | 0.4% | 7.1% | 69.2 |
| CHEOPS SHIPPING Antwerp | - | - | 41.2% | - |
| CARO Stabroek | - | - | 39.6% | - |
| STEVAS-SHIPPING Antwerp | - | - | 42.6% | - |
Grey: the largest companies of the sector (water transport (NACE 50)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SOMEF: inland freight water transport (NACE 50400). They are comparable in size and age: total assets between €2.5m and €10m, founded between 1937 and 2003.
SOMEF has existed since 2001. Turnover fell from €46.6m in 2008 to €16.7m in 2009.
Shipit Group holds 70% of the shares. In 2024, three directors stepped down. In September 2025, the Official Gazette published the appointment of Thierry Diederen as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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