SONAL
ActiveSummary
SONAL has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111k and a net result of €11k. Equity is shrinking by ~25.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 18% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▲+32
Solvency35▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.79 against 0.83 in 2024; short-term debt: 89.3% and cash: 0.2% of total assets), and 89.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
10.4%
Return on assets
1%
Age of the figures
13 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 8048 sector peers (2025).
NBB · sector comparisonPosition among 8048 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 23-03-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
48 d early
2023
27 d early
2022
14 d late
2021
36 d early
2020
47 d early
2019
33 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 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close25-09-2026 today31-03-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Equity
€111k▲ 10.5%
2024 · €101k
Total assets
€1.07M▲ 16.3%
2024 · €924k
Net result
€11k
2024 · €-39k
Working capital
€-199k▼ 42.1%
2024 · €-140k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21k€-165k€88k€-41k€42k
Net result€2k€-180k€68k€-39k€11k
Equity€253k▲ 0.9%€73k▼ 71.3%€140k▲ 93.2%€101k▼ 28.1%€111k▲ 10.5%
Total assets€1.05M▲ 2.0%€952k▼ 9.1%€884k▼ 7.1%€924k▲ 4.5%€1.07M▲ 16.3%
Debt€794k▲ 2.3%€879k▲ 10.8%€744k▼ 15.4%€823k▲ 10.7%€963k▲ 17.0%
Working capital€147k▲ 38.7%€-10k€-24k▼ 148%€-140k▼ 476%€-199k▼ 42.1%
Staff (FTE)10.1▼ 4.7%11.2▲ 10.9%10▼ 10.7%10=9.9▼ 1.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €42k after a loss of €41k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.07M
Fixed assets
€314k ▲ 23.0%
Current assets
€761k ▲ 13.8%
Equity and liabilities €1.07M
Equity
€111k ▲ 10.5%
Debt
€963k ▲ 17.0%
Debt's share of the balance-sheet total rises from 89.1% to 89.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€101k▲
2024 · €5k
Cash flow
€70k▲
2024 · €6k
Current ratio
0.79▼
2024 · 0.83
Quick ratio
0.37▼
2024 · 0.38
Debt to equity
8.66▲
2024 · 8.17
ROE
9.5%▲
2024 · -39.1%
ROA
1.0%▲
2024 · -4.3%
Interest coverage
3.23▲
2024 · 0.22
Debt ≤ 1 year
€960k▲
2024 · €809k
Debt > 1 year
€4k▼
2024 · €14k
Income taxes
€2k▲
2024 · €2k
Staff costs
€841k▲
2024 · €814k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €35k | €11k | €834 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €793k | €833k | €814k | €841k | ▲ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82k | €66k | €22k | €45k | €59k | ▲ 30.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €-99k | €-2k | ▲ 98.4% |
| Other operating charges640/8 | - | €7k | €6k | €111k | €5k | ▼ 95.4% |
| Gross operating margin9900 | €831k | €702k | €949k | €831k | €946k | ▲ 13.9% |
| Operating profit (loss)9901 | €21k | €-165k | €88k | €-41k | €42k | ▲ 203% |
| Financial income75/76B | - | €5k | €2k | €25k | €2k | ▼ 93.1% |
| Recurring financial income75 | €9k | €5k | €2k | €25k | €2k | ▼ 93.1% |
| Financial charges65/66B | - | €18k | €21k | €22k | €31k | ▲ 44.6% |
| Recurring financial charges65 | €15k | €18k | €21k | €22k | €31k | ▲ 44.6% |
| Profit (loss) for the period before taxes9903 | €16k | €-179k | €69k | €-38k | €12k | ▲ 133% |
| Income taxes67/77 | €13k | €2k | €2k | €2k | €2k | ▲ 5.1% |
| Profit (loss) for the period9904 | €2k | €-180k | €68k | €-39k | €11k | ▲ 127% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-180k | €68k | €-39k | €11k | ▲ 127% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.05M | €952k | €884k | €924k | €1.07M | ▲ 16.3% |
| Formation expenses20 | €10k | €0 | - | - | - | - |
| Fixed assets21/28 | €108k | €105k | €180k | €255k | €314k | ▲ 23.0% |
| Intangible fixed assets21 | €8k | €0 | €37k | €61k | €110k | ▲ 80.0% |
| Tangible fixed assets22/27 | €98k | €103k | €141k | €191k | €201k | ▲ 5.2% |
| Plant, machinery and equipment23 | - | €21k | €19k | €36k | €30k | ▼ 17.6% |
| Furniture and vehicles24 | - | €34k | €78k | €126k | €133k | ▲ 5.3% |
| Leasing and similar rights25 | - | - | €9k | €6k | €3k | ▼ 50.3% |
| Other tangible fixed assets26 | - | €48k | €35k | €23k | €35k | ▲ 55.5% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €928k | €847k | €704k | €669k | €761k | ▲ 13.8% |
| Stocks and contracts in progress3 | €382k | €383k | €405k | €358k | €408k | ▲ 13.9% |
| Stocks30/36 | - | €383k | €405k | €358k | €408k | ▲ 13.9% |
| Amounts receivable within one year40/41 | €523k | €450k | €196k | €292k | €332k | ▲ 13.7% |
| Trade receivables40 | - | €299k | €177k | €292k | €331k | ▲ 13.7% |
| Other amounts receivable41 | - | €152k | €19k | €222 | €424 | ▲ 90.6% |
| Cash at bank and in hand54/58 | €17k | €2k | €91k | €5k | €2k | ▼ 56.9% |
| Deferred charges and accrued income490/1 | - | €11k | €12k | €15k | €19k | ▲ 33.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.05M | €952k | €884k | €924k | €1.07M | ▲ 16.3% |
| Equity10/15 | €253k | €73k | €140k | €101k | €111k | ▲ 10.5% |
| Contributions10/11 | - | €62k | €62k | €62k | €62k | = |
| Outside capital11 | - | €62k | €62k | €62k | €62k | = |
| Other1109/19 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €191k | €191k | €191k | €191k | €191k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Reserves not available under the articles1311 | - | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €14k | €14k | €14k | €14k | = |
| Distributable reserves133 | - | €171k | €171k | €171k | €171k | = |
| Profit (loss) carried forward14 | €0 | €-180k | €-113k | €-152k | €-142k | ▲ 6.9% |
| Amounts payable17/49 | €794k | €879k | €744k | €823k | €963k | ▲ 17.0% |
| Amounts payable after more than one year17 | €12k | €23k | €16k | €14k | €4k | ▼ 74.0% |
| Financial debts170/4 | - | €23k | €16k | €14k | €4k | ▼ 74.0% |
| Amounts payable within one year42/48 | €781k | €856k | €728k | €809k | €960k | ▲ 18.7% |
| Current portion of amounts payable after more than one year42 | - | €20k | €7k | €10k | €10k | ▲ 2.9% |
| Financial debts43 | - | €392k | €353k | €394k | €387k | ▼ 2.0% |
| Credit institutions430/8 | - | €392k | €353k | €394k | €387k | ▼ 2.0% |
| Trade debts44 | €271k | €318k | €174k | €255k | €365k | ▲ 43.2% |
| Suppliers440/4 | - | €318k | €174k | €255k | €365k | ▲ 43.2% |
| Taxes, remuneration and social security45 | - | €126k | €194k | €144k | €197k | ▲ 37.1% |
| Taxes450/3 | - | €41k | €69k | €19k | €40k | ▲ 114% |
| Remuneration and social security454/9 | - | €85k | €125k | €125k | €157k | ▲ 25.5% |
| Other amounts payable47/48 | - | - | - | €5k | €253 | ▼ 95.4% |
| Accrued charges and deferred income492/3 | - | - | €205 | €740 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-180k | €68k | €-39k | €11k | ▲ 127% |
| + Depreciation and write-downs630 | €82k | €66k | €22k | €45k | €59k | ▲ 30.2% |
| Operating cash flow (approximation) | €84k | €-115k | €90k | €6k | €70k | ▲ 1,078% |
| Investment in fixed assets (approximation) | - | €-63k | €-97k | €-120k | €-118k | ▲ 2.0% |
| Change in cash | - | €-15k | €88k | €-86k | €-3k | ▲ 96.9% |
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
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-08
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
11-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
Financial
Back to profitnet €68k
Net result €68k after one loss-making year.
31-08
Financial
Equity above €100kEq €140k ▲93.2%
Equity rises from €73k to €140k.
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 14 days late
2022
31-08
Financial
Weakest financial yearnet €-180k
Net result drops to €-180k, the lowest in the series; recovery starts the following year.
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
12-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
21-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Mortsel · 1 establishment unit since 1978
Ground area
1,087 m²
Building footprint
465 m²
Volume, LiDAR
5,350 m³
Parcel 11513C0026/00A002, Flanders · tallest building 16.5 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Antwerpsestraat 145, 2640 Mortsel
since 19782.015.208.355
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0026/00A002 | Flanders | 1,086 m² | 1 · 465 m² | 16.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 594 EUR awarded · 594 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 594 EUR | 594 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
European Union, budget
2024 · 1 entry · 56,306 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 1 | 56,306 EUR |
Projects
INTEGRATED TELECOM SYSTEMS
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Of 1,244 companies in sector 46643 we hold annual accounts for 953. 597 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
Founded10-08-1978
Fiscal year end31-08
Activities, NACEBEL 2025
46643Wholesale of electrical equipment, including installation materials
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Contact
Phone
034480848Mortsel
Scores and ratios are computed by Checked and are not a credit decision.