SOPHARIS
ActiveSummary
SOPHARIS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44k and a net result of €7k. Equity is shrinking by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+36
Solvency34▲+4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.22 in 2024; short-term debt: 37.2% and cash: 2.3% of total assets), but 90.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
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
9.1%
Return on assets
1.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 4556 sector peers (2025).
NBB · sector comparisonPosition among 4556 sector peers
Solvency
better than 23%
← 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 21-07-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
31 d late
2023
131 d late
2022
21 d late
2021
31 d late
2020
2 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7k
2024 · €-14k
2018: €4k
2019: €32k▲ +616% vs 2018highest in 8 years
2020: €-22k▼ -168% vs 2019lowest in 8 years
2021: €-14k▲ +34.1% vs 2020
2022: €-15k▼ -2.3% vs 2021
2023: €-21k▼ -43.2% vs 2022
2024: €-14k▲ +34.0% vs 2023
2025: €7k▲ +150% vs 2024
2018 → 2025
Working capital
€113k▲ 33.1%
2024 · €85k
2018: €-27klowest in 8 years
2019: €221k▲ +907% vs 2018highest in 8 years
2020: €125k▼ -43.6% vs 2019
2021: €103k▼ -17.6% vs 2020
2022: €107k▲ +4.4% vs 2021
2023: €105k▼ -1.8% vs 2022
2024: €85k▼ -19.3% vs 2023
2025: €113k▲ +33.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€87k-€72k▼ 16.9%€51k▼ 29.2%€37k▼ 27.2%€44k▲ 18.7%
2021: €87khighest in 5 years
2022: €72k▼ -16.9% vs 2021
2023: €51k▼ -29.2% vs 2022
2024: €37k▼ -27.2% vs 2023lowest in 5 years
2025: €44k▲ +18.7% vs 2024
Operating result€-12k-€-13k▼ 2.3%€-19k▼ 53.2%€-15k▲ 24.0%€7k
2021: €-12k
2022: €-13k▼ -2.3% vs 2021
2023: €-19k▼ -53.2% vs 2022lowest in 5 years
2024: €-15k▲ +24.0% vs 2023
2025: €7k▲ +146% vs 2024highest in 5 years
Net result€-14k-€-15k▼ 2.3%€-21k▼ 43.2%€-14k▲ 34.0%€7k
2021: €-14k
2022: €-15k▼ -2.3% vs 2021
2023: €-21k▼ -43.2% vs 2022lowest in 5 years
2024: €-14k▲ +34.0% vs 2023
2025: €7k▲ +150% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7k after a loss of €15k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €485k
Fixed assets
€191k ▼ 9.9%
Current assets
€294k ▼ 37.1%
Equity and liabilities €485k
Equity
€44k ▲ 18.7%
Debt
€441k ▼ 31.4%
Debt's share of the balance-sheet total falls from 94.5% to 90.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▲
2024 · €3k
Cash flow
€28k▲
2024 · €4k
Current ratio
1.63▲
2024 · 1.22
Quick ratio
0.79▲
2024 · 0.29
Debt to equity
9.98▼
2024 · 17.26
ROE
15.7%▲
2024 · -37.4%
ROA
1.4%▲
2024 · -2.0%
Interest coverage
89.83▲
2024 · 2.27
Debt ≤ 1 year
€181k▼
2024 · €382k
Debt > 1 year
€260k=
2024 · €260k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€680k€485k▼
Fixed assets21/28€213k€191k▼
Tangible fixed assets22/27€133k€111k▼
Land and buildings22€109k€96k▼
Furniture and vehicles24€24k€16k▼
Financial fixed assets28€80k€80k=
Current assets29/58€467k€294k▼
Stocks and contracts in progress3€357k€150k▼
Stocks30/36€357k€150k▼
Amounts receivable within one year40/41€94k€130k▲
Trade receivables40€16k€97k▲
Other amounts receivable41€78k€33k▼
Cash at bank and in hand54/58€6k€11k▲
Deferred charges and accrued income490/1€9k€3k▼
Equity and liabilities
Total equity and liabilities10/49€680k€485k▼
Equity10/15€37k€44k▲
Contributions10/11€162k€162k=
Capital10€162k€162k=
Issued capital100€162k€162k=
Profit (loss) carried forward14€-125k€-118k▲
Amounts payable17/49€642k€441k▼
Amounts payable after more than one year17€260k€260k=
Other amounts payable178/9€260k€260k=
Amounts payable within one year42/48€382k€181k▼
Trade debts44€31k€13k▼
Suppliers440/4€31k€13k▼
Advances received on contracts in progress46-€7k
Taxes, remuneration and social security45€74€58k▲
Taxes450/3€74€58k▲
Other amounts payable47/48€350k€103k▼
Accrued charges and deferred income492/3-€3
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€21k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€6k€32k▲
Operating profit (loss)9901€-15k€7k▲
Financial income75/76B€2k€531▼
Recurring financial income75€2k€531▼
Financial charges65/66B€1k€310▼
Recurring financial charges65€1k€310▼
Profit (loss) for the period before taxes9903€-14k€7k▲
Income taxes67/77€198-
Profit (loss) for the period9904€-14k€7k▲
Profit (loss) for the period to be appropriated9905€-14k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-125k€-118k▲
Profit (loss) brought forward from the previous period14P€-111k€-125k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €19k | €19k | €18k | €21k | ▲ 20.1% |
| Other operating charges640/8 | €8k | €3k | €4k | €4k | €4k | ▲ 15.1% |
| Gross operating margin9900 | €15k | €10k | €3k | €6k | €32k | ▲ 395% |
| Operating profit (loss)9901 | €-12k | €-13k | €-19k | €-15k | €7k | ▲ 146% |
| Financial income75/76B | €121 | - | - | €2k | €531 | ▼ 76.9% |
| Recurring financial income75 | €121 | - | - | €2k | €531 | ▼ 76.9% |
| Financial charges65/66B | €2k | €2k | €2k | €1k | €310 | ▼ 75.2% |
| Recurring financial charges65 | €2k | €2k | €2k | €1k | €310 | ▼ 75.2% |
| Profit (loss) for the period before taxes9903 | €-14k | €-15k | €-21k | €-14k | €7k | ▲ 151% |
| Income taxes67/77 | - | - | €70 | €198 | - | - |
| Profit (loss) for the period9904 | €-14k | €-15k | €-21k | €-14k | €7k | ▲ 150% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €-15k | €-21k | €-14k | €7k | ▲ 150% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €385k | €363k | €357k | €680k | €485k | ▼ 28.6% |
| Fixed assets21/28 | €245k | €225k | €206k | €213k | €191k | ▼ 9.9% |
| Tangible fixed assets22/27 | €165k | €145k | €126k | €133k | €111k | ▼ 16.0% |
| Land and buildings22 | €164k | €145k | €126k | €109k | €96k | ▼ 12.1% |
| Furniture and vehicles24 | €283 | €142 | €0 | €24k | €16k | ▼ 33.5% |
| Financial fixed assets28 | €80k | €80k | €80k | €80k | €80k | = |
| Current assets29/58 | €140k | €137k | €151k | €467k | €294k | ▼ 37.1% |
| Stocks and contracts in progress3 | €111k | €104k | €106k | €357k | €150k | ▼ 58.0% |
| Stocks30/36 | €111k | €104k | €106k | €357k | €150k | ▼ 58.0% |
| Amounts receivable within one year40/41 | €29k | €33k | €45k | €94k | €130k | ▲ 37.2% |
| Trade receivables40 | €690 | €6k | €8k | €16k | €97k | ▲ 505% |
| Other amounts receivable41 | €28k | €27k | €38k | €78k | €33k | ▼ 57.9% |
| Cash at bank and in hand54/58 | €445 | €248 | €156 | €6k | €11k | ▲ 73.0% |
| Deferred charges and accrued income490/1 | €83 | €84 | €91 | €9k | €3k | ▼ 69.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €385k | €363k | €357k | €680k | €485k | ▼ 28.6% |
| Equity10/15 | €87k | €72k | €51k | €37k | €44k | ▲ 18.7% |
| Contributions10/11 | €162k | €162k | €162k | €162k | €162k | = |
| Capital10 | €162k | €162k | €162k | €162k | €162k | = |
| Issued capital100 | €162k | €162k | €162k | €162k | €162k | = |
| Profit (loss) carried forward14 | €-75k | €-90k | €-111k | €-125k | €-118k | ▲ 5.6% |
| Amounts payable17/49 | €298k | €290k | €306k | €642k | €441k | ▼ 31.4% |
| Amounts payable after more than one year17 | €260k | €260k | €260k | €260k | €260k | = |
| Other amounts payable178/9 | €260k | €260k | €260k | €260k | €260k | = |
| Amounts payable within one year42/48 | €38k | €30k | €46k | €382k | €181k | ▼ 52.7% |
| Trade debts44 | €13k | €1k | €17k | €31k | €13k | ▼ 59.9% |
| Suppliers440/4 | €13k | €1k | €17k | €31k | €13k | ▼ 59.9% |
| Advances received on contracts in progress46 | - | - | - | - | €7k | - |
| Taxes, remuneration and social security45 | €0 | €31 | €101 | €74 | €58k | ▲ 78,596% |
| Taxes450/3 | €0 | €31 | €101 | €74 | €58k | ▲ 78,596% |
| Other amounts payable47/48 | €25k | €29k | €28k | €350k | €103k | ▼ 70.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €-15k | €-21k | €-14k | €7k | ▲ 150% |
| + Depreciation and write-downs630 | €19k | €19k | €19k | €18k | €21k | ▲ 20.1% |
| Operating cash flow (approximation) | €5k | €4k | €-2k | €4k | €28k | ▲ 661% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-24k | €0 | ▲ 100% |
| Change in cash | - | €-197 | €-92 | €6k | €5k | ▼ 25.2% |
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
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after 5 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 131 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Highest result since 2018net €32k ▲616%
Operating result €33k, net result €32k, both a record.
31-12
Financial
Liquidity times 15current ratio 10.35
Current ratio from 0.67 to 10.35; short-term debt falls from €84k to €24k.
31-12
Financial
Equity above €100kEq €123k ▲35.2%
2 profitable years in a row build equity to €123k.
Show earlier events
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 153 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, La Louvière · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue "Huit Paumes"(S-B) 107110 La Louvière1 establishment unit
Rue "Huit Paumes"(S-B) 10, 7110 La Louvière
since 20022.098.850.168
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 3,186 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
Founded12-10-2001
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.