SOMEXCO
ActiveSummary
SOMEXCO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €531,902 and a net result of €81,924. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 44% of 15371 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▼-3
Solvency79▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 4.0 against 2.11 in 2023; short-term debt: 16.9% and cash: 8.3% of total assets), and 46.5% of the assets are financed with debt.
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Signals
Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
43 d early
2022
72 d late
2021
18 d early
2020
89 d late
2019
132 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 38 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€531,902▲ 12.8%
2023 · €471,407
Total assets
€993,473▲ 2.3%
2023 · €970,966
Net result
€81,924▼ 22.9%
2023 · €106,313
Working capital
€502,779▲ 52.3%
2023 · €330,038
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€114,120▲ 72.0%€150,042▲ 31.5%€122,320▼ 18.5%€177,672▲ 45.3%€143,036▼ 19.5%
Net result€80,293above the sector's middle half▲ 56.2%€102,985above the sector's middle half▲ 28.3%€77,590above the sector's middle half▼ 24.7%€106,313above the sector's middle half▲ 37.0%€81,924above the sector's middle half▼ 22.9%
Equity€369,520above the sector's middle half▲ 23.5%€407,505above the sector's middle half▲ 10.3%€425,094above the sector's middle half▲ 4.3%€471,407above the sector's middle half▲ 10.9%€531,902above the sector's middle half▲ 12.8%
Total assets€472,471within the sector's middle half▲ 28.5%€565,136above the sector's middle half▲ 19.6%€840,649above the sector's middle half▲ 48.8%€970,966above the sector's middle half▲ 15.5%€993,473above the sector's middle half▲ 2.3%
Debt€102,952▲ 50.6%€157,632▲ 53.1%€415,555▲ 164%€499,559▲ 20.2%€461,571▼ 7.6%
Working capital€361,984above the sector's middle half▲ 21.7%€415,703above the sector's middle half▲ 14.8%€363,675above the sector's middle half▼ 12.5%€330,038above the sector's middle half▼ 9.2%€502,779above the sector's middle half▲ 52.3%
Solvency78.2%above the sector's middle half▼ 3.2pp72.1%within the sector's middle half▼ 6.1pp50.6%within the sector's middle half▼ 21.5pp48.6%within the sector's middle half▼ 2.0pp53.5%within the sector's middle half▲ 5.0pp
Current ratio4.61above the sector's middle half▼ 1.174.01within the sector's middle half▼ 0.602.69within the sector's middle half▼ 1.322.11within the sector's middle half▼ 0.584.00within the sector's middle half▲ 1.89
Return on assets (ROA)17.0%within the sector's middle half▲ 3.0pp18.2%within the sector's middle half▲ 1.2pp9.2%within the sector's middle half▼ 9.0pp10.9%within the sector's middle half▲ 1.7pp8.2%within the sector's middle half▼ 2.7pp
Staff (FTE)2within the sector's middle half=2.3▲ 15.0%2.4▲ 4.3%2.4=2.3▼ 4.2%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 19% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €993,473
Fixed assets
€323,019 ▼ 6.1%
Current assets
€670,454 ▲ 6.9%
Equity and liabilities €993,473
Equity
€531,902 ▲ 12.8%
Debt
€461,571 ▼ 7.6%
Debt's share of the balance-sheet total falls from 51.4% to 46.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€178,477▼
2023 · €199,509
Cash flow
€117,365▼
2023 · €128,150
Debt to equity
0.87▼
2023 · 1.06
ROE
15.4%▼
2023 · 22.6%
Interest coverage
9.06▼
2023 · 10.81
Debt ≤ 1 year
€167,675▼
2023 · €297,054
Debt > 1 year
€293,896▲
2023 · €202,505
Income taxes
€50,588▼
2023 · €60,192
Staff costs
€112,854▼
2023 · €113,440
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €92,291 | €108,416 | €113,440 | €112,854 | ▼ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,311 | €5,643 | €7,987 | €21,838 | €35,441 | ▲ 62.3% |
| Other operating charges640/8 | - | €7,802 | €34,770 | €4,998 | €7,939 | ▲ 58.8% |
| Gross operating margin9900 | €205,442 | €255,778 | €273,493 | €317,948 | €299,270 | ▼ 5.9% |
| Operating profit (loss)9901 | €114,120 | €150,042 | €122,320 | €177,672 | €143,036 | ▼ 19.5% |
| Financial income75/76B | - | €6,124 | €8,252 | €7,297 | €9,170 | ▲ 25.7% |
| Recurring financial income75 | €4,236 | €6,124 | €8,252 | €7,297 | €9,170 | ▲ 25.7% |
| Financial charges65/66B | - | €2,369 | €8,232 | €18,464 | €19,694 | ▲ 6.7% |
| Recurring financial charges65 | €1,653 | €2,369 | €8,232 | €18,464 | €19,694 | ▲ 6.7% |
| Profit (loss) for the period before taxes9903 | €116,703 | €153,797 | €122,339 | €166,504 | €132,511 | ▼ 20.4% |
| Income taxes67/77 | €36,410 | €50,813 | €44,749 | €60,192 | €50,588 | ▼ 16.0% |
| Profit (loss) for the period9904 | €80,293 | €102,985 | €77,590 | €106,313 | €81,924 | ▼ 22.9% |
| Profit (loss) for the period to be appropriated9905 | €80,293 | €102,985 | €77,590 | €106,313 | €81,924 | ▼ 22.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €472,471 | €565,136 | €840,649 | €970,966 | €993,473 | ▲ 2.3% |
| Fixed assets21/28 | €10,255 | €11,252 | €261,306 | €343,875 | €323,019 | ▼ 6.1% |
| Tangible fixed assets22/27 | €10,255 | €11,252 | €261,306 | €343,875 | €323,019 | ▼ 6.1% |
| Land and buildings22 | - | - | €243,288 | €237,324 | €231,360 | ▼ 2.5% |
| Plant, machinery and equipment23 | - | €7,491 | €11,333 | €93,769 | €78,567 | ▼ 16.2% |
| Furniture and vehicles24 | - | €3,761 | €6,686 | €12,782 | €13,091 | ▲ 2.4% |
| Current assets29/58 | €462,217 | €553,884 | €579,343 | €627,091 | €670,454 | ▲ 6.9% |
| Amounts receivable after more than one year29 | - | €168,600 | €168,600 | €230,000 | €313,150 | ▲ 36.2% |
| Other amounts receivable291 | - | €168,600 | €168,600 | €230,000 | €313,150 | ▲ 36.2% |
| Amounts receivable within one year40/41 | €186,125 | €201,726 | €273,480 | €257,798 | €243,523 | ▼ 5.5% |
| Trade receivables40 | - | €142,656 | €180,300 | €200,979 | €175,061 | ▼ 12.9% |
| Other amounts receivable41 | - | €59,070 | €93,180 | €56,819 | €68,462 | ▲ 20.5% |
| Current investments50/53 | €10,000 | €20,000 | €30,000 | €10,004 | €10,027 | ▲ 0.2% |
| Cash at bank and in hand54/58 | €82,976 | €149,613 | €88,292 | €102,628 | €81,981 | ▼ 20.1% |
| Deferred charges and accrued income490/1 | - | €13,944 | €18,971 | €26,660 | €21,773 | ▼ 18.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €472,471 | €565,136 | €840,649 | €970,966 | €993,473 | ▲ 2.3% |
| Equity10/15 | €369,520 | €407,505 | €425,094 | €471,407 | €531,902 | ▲ 12.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | €6,200 | €6,200 | €6,200 | - | - |
| Other1109/19 | - | €6,200 | €6,200 | €6,200 | - | - |
| Reserves13 | €363,320 | €401,305 | €418,894 | €465,207 | €525,702 | ▲ 13.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €31,250 | €31,250 | €31,250 | €31,250 | = |
| Distributable reserves133 | - | €368,195 | €385,784 | €433,957 | €494,452 | ▲ 13.9% |
| Amounts payable17/49 | €102,952 | €157,632 | €415,555 | €499,559 | €461,571 | ▼ 7.6% |
| Amounts payable after more than one year17 | €2,495 | - | €186,163 | €202,505 | €293,896 | ▲ 45.1% |
| Financial debts170/4 | - | - | €186,163 | €202,505 | €293,896 | ▲ 45.1% |
| Amounts payable within one year42/48 | €100,233 | €138,182 | €215,668 | €297,054 | €167,675 | ▼ 43.6% |
| Current portion of amounts payable after more than one year42 | - | €11,543 | €109,697 | €110,081 | €31,877 | ▼ 71.0% |
| Trade debts44 | €23,283 | €40,979 | €40,071 | €111,865 | €45,493 | ▼ 59.3% |
| Suppliers440/4 | - | €40,979 | €40,071 | €111,865 | €45,493 | ▼ 59.3% |
| Taxes, remuneration and social security45 | - | €85,660 | €65,900 | €75,108 | €90,305 | ▲ 20.2% |
| Taxes450/3 | - | €71,247 | €54,099 | €62,687 | €74,172 | ▲ 18.3% |
| Remuneration and social security454/9 | - | €14,413 | €11,800 | €12,422 | €16,133 | ▲ 29.9% |
| Accrued charges and deferred income492/3 | - | €19,450 | €13,724 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80,293 | €102,985 | €77,590 | €106,313 | €81,924 | ▼ 22.9% |
| + Depreciation and write-downs630 | €5,311 | €5,643 | €7,987 | €21,838 | €35,441 | ▲ 62.3% |
| Operating cash flow (approximation) | €85,604 | €108,628 | €85,576 | €128,150 | €117,365 | ▼ 8.4% |
| Investment in fixed assets (approximation) | - | -€6,641 | -€258,041 | -€104,406 | -€14,586 | ▲ 86.0% |
| Change in cash | - | €66,637 | -€61,322 | €14,337 | -€20,647 | ▼ 244% |
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
2026
20-08
State Gazette act
General meeting · Shareholding
Power of attorney · Other statement
17-07
State Gazette act
Incorporation · Founder
Founding capital · Bank account
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500,000Eq €531,902 ▲12.8%
7 profitable years in a row build equity to €531,902.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €106,313 ▲37%
Operating result €177,672, net result €106,313, both a record.
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 72 days late
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 132 days late
2019
31-12
Financial
Weakest financial yearnet €51,399 ▼5.8%
Net result drops to €51,399, the lowest in the series; recovery starts the following year.
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 77 days late
Show earlier events
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
06-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 67 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 2 establishment units since 2008
Ground area
1,086 m²
Building footprint
691 m²
Volume, LiDAR
9,500 m³
3 parcels, Brussels · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Somexco
since 20082.214.342.526
Somexco
since 20222.334.891.849
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818E0221/00Z002 | Brussels | 614 m² | 1 · 433 m² | 18.2 m · 5 fl. |
| 21819C0178/00M005 | Brussels | 321 m² | 1 · 106 m² | 14.7 m · 4 fl. |
| 21818E0167/00G010 | Brussels | 151 m² | 1 · 152 m² | 15.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 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 12,174 companies in sector 69201 we hold annual accounts for 7,641. 5,413 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
Founded07-01-2005
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0871053466
Also
9925:BE0871053466
Registered
26-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.