Equity
-€55,195
Debts exceed assets in financial year 2025.
SONGE
Lifetime
7 annual accounts with figures on one time axispeak €35,335 (2025)
€35,335▲ 13.2%
lowest -€43,321 (2022)
€9,067▲ €17,136
peak €6,186 (2021)
-€55,195▲ €9,067
€106,861▼ 20.4%
Board1 name since 2018
Documentsfilings and deeds
10-06-202651 days before the deadline
2025micro format
Gross margin from €31,202 to €35,335Back to profit: €9,067Equity from -€64,262 to -€55,195Debts from €134,318 to €106,861Cash from €4,361 to €622
Key points
from the 2025 annual accountsTurnover
≈ €330,000 estimated
The micro format states no turnover.
Debts
€106,861 207% of the balance sheet
Suppliers 0%Taxes and wages 13%Other 87%
Of this, €106,805 falls due within a year.
Filings
7 annual accounts since 2019
The last five annual accounts were filed 18 to 51 days before the end of the period.
At the same address
580 companies
Position in the sector
-€55,195
Less equity than 91% of companies in retail trade. Sector median €41,043 · 22,982 companies.
Checked score
55
Fair
Financially stronger than 38% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.0%highest value
01-2025: 3.0%● unchanged vs 12-2024highest value
02-2025: 3.0%● unchanged vs 01-2025highest value
03-2025: 3.0%● unchanged vs 02-2025
04-2025: 3.0%● unchanged vs 03-2025
05-2025: 2.9%▼ -0.1 percentage points vs 04-2025
06-2025: 2.8%▼ -0.1 percentage points vs 05-2025
07-2025: 2.9%▲ +0.1 percentage points vs 06-2025
08-2025: 2.2%▼ -0.7 percentage points vs 07-2025
09-2025: 2.2%● unchanged vs 08-2025
10-2025: 2.2%● unchanged vs 09-2025
11-2025: 2.2%● unchanged vs 10-2025
12-2025: 2.2%● unchanged vs 11-2025
01-2026: 2.1%▼ -0.1 percentage points vs 12-2025
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.0%▼ -0.1 percentage points vs 02-2026
04-2026: 2.1%▲ +0.1 percentage points vs 03-2026
05-2026: 2.0%▼ -0.1 percentage points vs 04-2026
06-2026: 1.9%▼ -0.1 percentage points vs 05-2026
07-2026: 1.5%▼ -0.4 percentage points vs 06-2026
08-2026: 1.5%● unchanged vs 07-2026
09-2026: 1.4%▼ -0.1 percentage points vs 08-2026lowest value
10-2026: 1.4%● unchanged vs 09-2026lowest value
11-2026: 1.4%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€55,195
Sector: Retail trade (NACE 47)
Liquidity: current ratio 0.18, cash €622, halved
lowers risk
Size: total assets €51,666
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 47, micro). It does better than 6% of them on solvency, 4% on liquidity, 74% on profitability and 66% on growth.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 2,180 companies had the same profile as SONGE has now. Each dot stands for 6 companies, two years later.
88.8%
were still trading
5.8%
stopped another way
4.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SONGE itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,448 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 2,180 companies, not a prediction for SONGE. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.18 (0.29 in 2024), below 1. Short-term debt is 206.7% and cash 1.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 22939 sector peers (2025).
NBB · sector comparisonPosition among 22939 sector peers
Solvency
better than 9%
← weakest
strongest →
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 10-06-2026, 51 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
51 days early
2024
31 days early
2023
34 days early
2022
18 days early
2021
45 days early
2020
43 days early
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 36 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MANGELINCKX Jonathan, Jérémy, Marie, Gisèle, Paquito founderdeed of 09-05-2018
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0695756155
Change of role: MANGELINCKX Jonathan Jérémy Marie Gisèle Paquito, from manager to director
Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 22-12-2023 · Gazette deed
Registered office moved from Bruxelles-Koningsgalerij to Bruxelles-Avenue Louise
New registered office: 1050 Bruxelles-Avenue Louise 231 · Previous registered office: 1000 Bruxelles-Koningsgalerij 301ére étage · Board meeting of 01-07-2020 · Gazette deed
First establishment
Louizalaan 231, Brussels
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SONGE Brussels | €51,666 | €35,335 | -106.8% | - |
| Pluri Art Ixelles | €57,534 | €20,574 | 51.0% | - |
| ADoor Me SZS Ixelles | €80,729 | €42,327 | 59.6% | - |
| LA PEAU DE L'OURS Uccle | €59,112 | €27,592 | -2.5% | - |
| Parent & Y SRL Court-Saint-Etienne | €54,980 | €20,691 | 52.2% | - |
| TURNITUP SOLUTIONS Kortrijk | €40,050 | €12,922 | 52.0% | - |
| BJORK-FRAMES Uccle | €83,579 | €47,973 | 31.9% | - |
These companies have the same main activity as SONGE: retail sale of other cultural and recreation goods (NACE 47690). They are comparable in size and age: total assets between €40,100 and €83,600, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 07-05-2018Normal situation
- Registered office
- 581 active companies are registered at this address52 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Retail sale of other cultural and recreation goodsNACE 47690and 5 others
- Establishment unit
- 2.275.606.9341050 Brussels, since 15-05-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 25-09-2025
Annual accounts 2025
- €51,666▼ 26.3%
- Filing
- Filed on 10-06-2026, 51 days before the end of the filing period
Insights on SONGE
SONGE files the micro format. That format states no turnover. The gross margin rose from -€23,565 in 2019 to €35,335 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SONGE
- What is the company number of SONGE?
- The company number of SONGE is 0695.756.155. The VAT number is the same number with BE in front: BE 0695.756.155.
- Where is SONGE based?
- The registered office is at Louizalaan 231, 1050 Brussels.Company details
- What does SONGE do?
- According to the KBO register, the main activity is retail sale of other cultural and recreation goods (NACE 47690).
- What is the legal form of SONGE?
- SONGE is a private limited company (BV).
- When was SONGE founded?
- SONGE was founded on 07-05-2018.
- Is SONGE still active?
- Yes, SONGE is an active enterprise in the KBO register.
- How many employees does SONGE have?
- SONGE had an average of 0.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of SONGE?
- The turnover in financial year 2025 is ≈ €330,000. This figure is estimated from the gross margin of €35,335 and 367 comparable companies (NACE 47). It probably lies between €180,000 and €550,000.
- Is SONGE profitable?
- In financial year 2025, SONGE made a profit of €9,067.
- Where can I find the annual accounts of SONGE?
- SONGE filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SONGE due?
- SONGE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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