SOPARGEST
ActiveSummary
SOPARGEST has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €99,946. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 28% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▼-4
Solvency56▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 1.93 against 2.05 in 2024; short-term debt: 12.2% and cash: 8.6% of total assets), but 69% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 · 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
31%
Return on assets
1.5%
Age of the figures
15 mo
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 30-06-2025 was due by 31-01-2026 and was filed on 25-01-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
10 d early
2023
80 d late
2022
23 d early
2021
36 d early
2020
3 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 21 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€359,024
EBIT margin
34.7%
Net result
€99,946▼ 32.3%
2024 · €147,615
Working capital
€748,530▼ 0.2%
2024 · €749,741
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€26,098€181,467€212,292▲ 17.0%€388,990▲ 83.2%€305,907▼ 21.4%
Net result€603,499above the sector's middle half▲ 194%€66,745within the sector's middle half▼ 88.9%€58,402within the sector's middle half▼ 12.5%€147,615above the sector's middle half▲ 153%€99,946above the sector's middle half▼ 32.3%
EBIT margin
Equity€1.7mabove the sector's middle half▲ 56.4%€1.7mabove the sector's middle half▲ 4.0%€1.8mabove the sector's middle half▲ 3.4%€1.9mabove the sector's middle half▲ 8.2%€2.0mabove the sector's middle half▲ 5.1%
Total assets€6.1mabove the sector's middle half▲ 36.2%€5.9mabove the sector's middle half▼ 3.6%€6.6mabove the sector's middle half▲ 12.4%€6.7mabove the sector's middle half▲ 1.8%€6.6mabove the sector's middle half▼ 2.1%
Debt€4.4m▲ 30.0%€4.1m▼ 6.4%€4.8m▲ 16.4%€4.8m▼ 0.6%€4.5m▼ 5.1%
Working capital€499,377above the sector's middle half€834,922above the sector's middle half▲ 67.2%€344,616above the sector's middle half▼ 58.7%€749,741above the sector's middle half▲ 118%€748,530above the sector's middle half▼ 0.2%
Solvency27.4%below the sector's middle half▲ 3.5pp29.6%within the sector's middle half▲ 2.2pp27.2%below the sector's middle half▼ 2.4pp28.9%below the sector's middle half▲ 1.7pp31.0%within the sector's middle half▲ 2.1pp
Current ratio1.65within the sector's middle half▲ 1.212.80within the sector's middle half▲ 1.151.52within the sector's middle half▼ 1.282.05within the sector's middle half▲ 0.541.93within the sector's middle half▼ 0.12
Return on assets (ROA)9.9%within the sector's middle half▲ 5.3pp1.1%below the sector's middle half▼ 8.8pp0.9%below the sector's middle half▼ 0.3pp2.2%below the sector's middle half▲ 1.3pp1.5%below the sector's middle half▼ 0.7pp
Staff (FTE)
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.
Why a figure moved sharply
- 2021 Net result +194% on 2020. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.6m
Fixed assets
€5.0m ▼ 4.4%
Current assets
€1.6m ▲ 6.3%
Equity and liabilities €6.6m
Equity
€2.0m ▲ 5.1%
Debt
€4.5m ▼ 5.1%
Debt's share of the balance-sheet total falls from 71.1% to 69.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€541,057▼
2024 · €636,491
Cash flow
€335,097▼
2024 · €395,116
Debt to equity
2.22▼
2024 · 2.46
ROE
4.9%▼
2024 · 7.6%
Interest coverage
3.35▼
2024 · 3.81
Debt ≤ 1 year
€806,112▲
2024 · €712,902
Debt > 1 year
€3.7m▼
2024 · €4.0m
Income taxes
€48,725▼
2024 · €74,159
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 544 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 93% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 544 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €36,599 | - | €13,348 | - | - |
| Remuneration, social security and pensions62 | - | €38,239 | €33,696 | €11,535 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €241,322 | €251,323 | €249,196 | €247,501 | €235,151 | ▼ 5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€3,027 | €36,824 | - | -€40,000 | - |
| Other operating charges640/8 | - | €24,903 | €50,276 | €32,087 | €61,865 | ▲ 92.8% |
| Non-recurring operating charges66A | - | €55,226 | - | - | - | - |
| Gross operating margin9900 | €435,993 | €548,131 | €582,283 | €680,113 | €562,922 | ▼ 17.2% |
| Operating profit (loss)9901 | -€26,098 | €181,467 | €212,292 | €388,990 | €305,907 | ▼ 21.4% |
| Financial income75/76B | - | €1 | - | €33 | €4,328 | ▲ 13,114% |
| Recurring financial income75 | €0 | €1 | - | €33 | €4,328 | ▲ 13,114% |
| Financial charges65/66B | - | €98,014 | €113,387 | €167,249 | €161,563 | ▼ 3.4% |
| Recurring financial charges65 | €92,254 | €98,014 | €113,387 | €167,249 | €161,563 | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | €604,107 | €83,454 | €98,905 | €221,774 | €148,671 | ▼ 33.0% |
| Transfer from deferred taxes780 | - | €363 | €8,278 | - | - | - |
| Income taxes67/77 | €971 | €17,072 | €48,781 | €74,159 | €48,725 | ▼ 34.3% |
| Profit (loss) for the period9904 | €603,499 | €66,745 | €58,402 | €147,615 | €99,946 | ▼ 32.3% |
| Transfer from tax-exempt reserves789 | - | €1,088 | €24,834 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €604,587 | €67,833 | €83,236 | €147,615 | €99,946 | ▼ 32.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.1m | €5.9m | €6.6m | €6.7m | €6.6m | ▼ 2.1% |
| Fixed assets21/28 | €4.8m | €4.6m | €5.6m | €5.3m | €5.0m | ▼ 4.4% |
| Intangible fixed assets21 | €20,600 | €15,429 | €10,258 | €5,087 | - | - |
| Tangible fixed assets22/27 | €4.3m | €4.1m | €3.9m | €3.6m | €3.4m | ▼ 6.4% |
| Land and buildings22 | - | €4.1m | €3.9m | €3.4m | €3.3m | ▼ 5.1% |
| Plant, machinery and equipment23 | - | €302 | - | - | - | - |
| Furniture and vehicles24 | - | €22,707 | €13,225 | €148,065 | €114,427 | ▼ 22.7% |
| Assets under construction and advance payments27 | - | - | €22,566 | €18,862 | - | - |
| Financial fixed assets28 | €473,450 | €473,450 | €1.7m | €1.7m | €1.7m | = |
| Current assets29/58 | €1.3m | €1.3m | €1.0m | €1.5m | €1.6m | ▲ 6.3% |
| Amounts receivable within one year40/41 | €1.2m | €1.3m | €964,031 | €955,108 | €969,350 | ▲ 1.5% |
| Trade receivables40 | - | €104,995 | €170,937 | €200,794 | €119,817 | ▼ 40.3% |
| Other amounts receivable41 | - | €1.2m | €793,095 | €754,314 | €849,533 | ▲ 12.6% |
| Cash at bank and in hand54/58 | €30,171 | €25,371 | €38,682 | €490,725 | €568,172 | ▲ 15.8% |
| Deferred charges and accrued income490/1 | - | €9,033 | €9,873 | €16,811 | €17,121 | ▲ 1.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.1m | €5.9m | €6.6m | €6.7m | €6.6m | ▼ 2.1% |
| Equity10/15 | €1.7m | €1.7m | €1.8m | €1.9m | €2.0m | ▲ 5.1% |
| Contributions10/11 | - | €467,320 | €467,320 | €467,320 | €467,320 | = |
| Reserves13 | €25,922 | €24,834 | - | - | - | - |
| Tax-exempt reserves132 | - | €24,834 | - | - | - | - |
| Profit (loss) carried forward14 | €1.2m | €1.2m | €1.3m | €1.5m | €1.6m | ▲ 6.8% |
| Provisions and deferred taxes16 | €8,641 | €8,278 | - | - | - | - |
| Deferred taxes168 | - | €8,278 | - | - | - | - |
| Amounts payable17/49 | €4.4m | €4.1m | €4.8m | €4.8m | €4.5m | ▼ 5.1% |
| Amounts payable after more than one year17 | €3.5m | €3.5m | €4.0m | €4.0m | €3.7m | ▼ 8.6% |
| Financial debts170/4 | - | €3.5m | €4.0m | €4.0m | €3.7m | ▼ 8.6% |
| Other amounts payable178/9 | - | €120 | €1,680 | €2,630 | €2,510 | ▼ 4.6% |
| Amounts payable within one year42/48 | €773,311 | €463,717 | €667,969 | €712,902 | €806,112 | ▲ 13.1% |
| Current portion of amounts payable after more than one year42 | - | €295,420 | €354,004 | €334,472 | €317,824 | ▼ 5.0% |
| Financial debts43 | - | €25,000 | €140,000 | - | - | - |
| Credit institutions430/8 | - | €25,000 | €140,000 | - | - | - |
| Trade debts44 | €45,352 | €68,845 | €43,954 | €59,671 | €24,929 | ▼ 58.2% |
| Suppliers440/4 | - | €68,845 | €43,954 | €59,671 | €24,929 | ▼ 58.2% |
| Taxes, remuneration and social security45 | - | €48,517 | €76,425 | €91,602 | €82,085 | ▼ 10.4% |
| Taxes450/3 | - | €43,700 | €71,078 | €91,602 | €82,085 | ▼ 10.4% |
| Remuneration and social security454/9 | - | €4,818 | €5,347 | - | - | - |
| Other amounts payable47/48 | - | €25,934 | €53,586 | €227,157 | €381,275 | ▲ 67.8% |
| Accrued charges and deferred income492/3 | - | €130,344 | €122,705 | €40,478 | €52,964 | ▲ 30.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €603,499 | €66,745 | €58,402 | €147,615 | €99,946 | ▼ 32.3% |
| + Depreciation and write-downs630 | €241,322 | €251,323 | €249,196 | €247,501 | €235,151 | ▼ 5.0% |
| Operating cash flow (approximation) | €844,821 | €318,067 | €307,598 | €395,116 | €335,097 | ▼ 15.2% |
| Investment in fixed assets (approximation) | - | -€6,836 | -€1.3m | €83,578 | -€850 | ▼ 101% |
| Change in cash | - | -€4,799 | €13,311 | €452,043 | €77,447 | ▼ 82.9% |
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
25-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
20-01
State Gazette act
Capital & shares · RestructuringMerger · Accounting effect · Share cancellation7 facts ▸
State Gazette act
Capital & shares · Restructuring
Merger · Accounting effect · Share cancellation7 facts ▸
- General meeting, 30-12-2025
- Merger
- Accounting effect, 01-07-2025
- Share cancellation, Immo Développements
- Power of attorney
- Shareholding, 100%
- Transfer conditions, biens transférés dans l'état où ils se trouvent, sans garantie de vices apparents ou cachés; fonds de commerce quitte et libre de toutes dettes et charges privi…
2025
30-06
Financial
Equity above €2mEq €2.0m ▲5.1%
7 profitable years in a row build equity to €2.0m.
21-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 80 days late
2023
30-06
Financial
Weakest financial yearnet €58,402 ▼12.5%
Net result drops to €58,402, the lowest in the series; recovery starts the following year.
08-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
26-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €603,499 ▲194%
Net result €603,499, the highest in the series.
30-06
Financial
Liquidity quadruplescurrent ratio 1.65
Current ratio from 0.43 to 1.65; short-term debt falls from €937,888 to €773,311.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Equity above €1mEq €1.1m ▲28.2%
2 profitable years in a row build equity to €1.1m.
Show earlier events
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
14-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
24-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2008
Ground area
1.2 ha
Building footprint
987 m²
Volume, LiDAR
29,658 m³
Parcel 21652E0023/00W003, Brussels · tallest building 34.4 m, ±10 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
SOPARGEST
since 20082.192.373.412
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0023/00W003 | Brussels | 1.2 ha | 1 · 987 m² | 34.4 m · 10 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.
Structure & network
Owners and holdings
1 holdingOwners 0
No owner stated in the accounts, acts or LEI register we read.
Holdings 1
- IMMO DEVELOPPEMENTSsubsidiarySourceact 20-01-2026100%
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:Immo Développements
Recognitions · licences · registrations
Legal Entity Identifier
699400YEO5U6RQ4XGQ12
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Identification & contact
Identification
Legal formPrivate limited company
Founded28-11-2008
Fiscal year end30-06
Activities, NACEBEL 2025
69203Activities of company auditors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808077207
Also
9925:BE0808077207
Registered
23-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.