Losses
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Subsidiary with negative equity. SONIAN CONSTRUCTIONS · loss of €280,164 in 2025.
Lower net result than 88% of companies in real estate. Sector median €9,988 · 11,288 companies.
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 5 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 68, micro). It does better than 55% of them on solvency, 17% on liquidity, 18% on profitability and 22% on growth.
The bankruptcy probability was computed on 09-11-2026 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).
Liquidity is insufficient, with a current ratio of 0.84 (1.43 in 2024), below 1. Short-term debt is 57% and cash 0.4% of total assets. 62.1% 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 5 accounts on average 33 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Shares in 1 company, SONIAN CONSTRUCTIONS
Board & ownership| Company | ||||
|---|---|---|---|---|
| SONIAN DEVELOPMENT Kraainem | €1.1m | -€56,424 | 37.9% | - |
| JMSDR Esneux | €0.5m | -€7,463 | 23.7% | - |
| Portsea Banus Keerbergen | €0.8m | -€5,719 | 60.4% | - |
| VLEVIA IMMO Mouscron | €1.4m | -€3,290 | 21.5% | - |
| BERGVIS Geel | €0.5m | -€14,810 | 45.8% | - |
| Dhage Poperinge | €0.4m | -€3,393 | 76.4% | - |
| EquiLys Mouscron | €2.4m | -€21,687 | 94.0% | - |
These companies have the same main activity as SONIAN DEVELOPMENT: real estate activities (NACE 68204). They are comparable in size and age: total assets between €444,000 and €2.4m, founded between 2016 and 2022.
SONIAN DEVELOPMENT files the abbreviated format. That format states no turnover. The gross margin fell from -€9,705 in 2021 to -€56,424 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.
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