Active BE 0434.843.575Public limited companyOpen bankruptcy

SOPRODAL

Tervantstraat 21 ·3583 Beringen, Belgium· 38 yrs active

Sector: Vervaardiging van parfums en toiletartikelen (20420)

Conclusion Checked

A bankruptcy procedure is open for SOPRODAL according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisations. The 2022 annual accounts show equity of €6.23M and a net result of €-515k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€6.23M
Net result	€-515k
Staff (FTE)	113.8
Better than sector	48%

Snowflake analysis 5 of 5 axes measured · computed by Checked

19 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 9

Solvency 38

Growth 48

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

70 / 100

Severe riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· 2 judicial reorganisations (+20)

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2022 · computed

0 / 100 Critical

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 21-08-2023 with the NBB · fiscal year 2022 · volledig

RevenueOperating resultNet result

Sector comparison

Fiscal year 2022 · NACE 20 · compared across all schema types (micro, abbreviated and full combined)

Metric	This company	Sector median	Position in the sector
Solvency	24.1%	26.2%	better than 48% of 77 sector peers
Net result	€-515k	€-4k	better than 10% of 78 sector peers
Equity	€6.23M	€66k	better than 85% of 78 sector peers
Staff costs	€6.09M	€591k	higher than 87% of 41 sector peers
Employees (FTE)	113.8	13.4	better than 88% of 34 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€37.06M

-7.6% 18-22

EBITDA

€634k

-57.8% 18-22

Net profit

€-515k

- 18-22

Cash flow

€475k

-52.6% 18-22

Total assets

€25.84M

-2.8% 18-22

Equity

€6.23M

-7.6% 18-22

Working capital

€2.34M

+5.2% 18-22

Employees (FTE)

114

-10.0% 18-22

Staff costs

€6.09M

-5.2% 18-22

Income taxes

€3k

-98.4% 18-22

Debt

€19.60M

-1.1% 18-22

Debt ≤ 1y

€17.18M

-0.8% 18-22

Debt > 1y

€2.42M

-3.0% 18-22

Current ratio

1.14

+0.7% 18-22

Quick ratio

0.56

+5.4% 18-22

Solvency

24.1%

-5.0% 18-22

Debt / equity

3.15

+7.1% 18-22

ROE

-8.3%

- 18-22

ROA

-2.0%

- 18-22

Net margin

-1.4%

- 18-22

EBITDA margin

1.7%

-54.4% 18-22

Interest coverage

2.20

-57.0% 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	volledig
Revenue	€37.06M
EBITDA	€634k
Net profit	€-515k
Cash flow	€475k
Staff costs	€6.09M
Income taxes	€3k
Dividends	-
Total assets	€25.84M
Equity	€6.23M
Debt	€19.60M
of which ≤ 1y	€17.18M
of which > 1y	€2.42M
Working capital	€2.34M
Employees (FTE)	113.8

Ratios (computed)

	2022
Current ratio	1.14
Quick ratio	0.56
Working capital ratio	9.1%
Solvency	24.1%
Debt / equity	3.15
Long-term debt ratio	0.39
Interest coverage	2.20
Gross margin	86.5%
Net margin	-1.4%
ROA	-2.0%
ROE	-8.3%
EBITDA margin	1.7%
Days sales outstanding	63d
Days payable outstanding	492d
Inventory turnover	0.50
Days inventory (DSI)	727d

Balance-sheet composition 2022

Assets

Fixed assets €6.32M · 24.4% Current assets €19.52M · 75.6%

Equity & liabilities

Equity €6.23M · 24.1% Provisions €13k · 0.1% Debt €19.60M · 75.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€25.84M
Fixed assets	21/28	€6.32M
Intangible fixed assets	21	€335k
Tangible fixed assets	22/27	€5.98M
Current assets	29/58	€19.52M
Stocks & contracts in progress	3	€9.94M
Amounts receivable within one year	40/41	€9.12M
Cash & bank	54/58	€352k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€25.84M
Equity	10/15	€6.23M
Contributions / capital	10/11	€1.30M
Reserves	13	€3.37M
Provisions & deferred taxes	16	€13k
Amounts payable	17/49	€19.60M
Amounts payable after one year	17	€2.42M
Amounts payable within one year	42/48	€17.18M
Trade debts payable within one year	44	€6.74M
Income statement
Turnover	70	€37.06M
Operating result	9901	€-356k
Financial income	75	€159k
Financial charges	65	€315k
Result before taxes	9903	€-512k
Income taxes	67/77	€3k
Net result for the period	9904	€-515k
Result to be appropriated	9905	€-515k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	ILSE VRANKEN KUNSTLAAN 10, BUS A01, 3500 HASSELT	01-02-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Vervaardiging van parfums en toiletartikelen(20420)
Legal form	Public limited company(014)
Incorporation	14-07-1988
Status	Active
Postal code	3583
First BS signal	05-10-2023
Latest BS signal	07-02-2024

Establishment units 1 location

Tervantstraat 21, 3583 Beringen

de vervaardiging van salicylzuur en o-acetylsalicylzuur

since 19882.039.529.225

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71049A0921/00L000	Flanders	2.1 ha	1 · 1.0 ha	43.3 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

07-02-2024

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · SOPRODAL NV TERVANT- STRAAT 21, 3583 BERINGEN · event 01-02-2024

02-02-2024

Judicial reorganisation Plan homologation

Ondernemingsrechtbank Antwerpen · 20230026 · event 26-01-2024

2023

05-10-2023

Judicial reorganisation Opening

Ondernemingsrechtbank Antwerpen · collectif · event 29-09-2023

21-08-2023