SORAPSA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €978, smaller than the loss of €2,205 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €22,996 | €2,357 | €27,129 |
| Depreciation and write-downs of the year | - | - | €2,482 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €2,482 | - |
| Other operating charges640/8 | €224 | €260 | €0 | ▼ 100% |
| Gross operating margin9900 | -€4,811 | -€1,945 | €1,504 | - |
| Operating profit (loss)9901 | -€5,035 | -€2,205 | -€978 | ▲ 55.6% |
| Financial charges65/66B | €31 | €27 | €45 | ▲ 67.4% |
| Recurring financial charges65 | €31 | €27 | €45 | ▲ 67.4% |
| Profit (loss) for the period before taxes9903 | -€5,066 | -€2,232 | -€1,023 | ▲ 54.2% |
| Profit (loss) for the period9904 | -€5,066 | -€2,232 | -€1,023 | ▲ 54.2% |
| Profit (loss) for the period to be appropriated9905 | -€5,066 | -€2,232 | -€1,023 | ▲ 54.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €30,401 | €27,437 | €25,040 | ▼ 8.7% |
| Fixed assets21/28 | €22,996 | €25,353 | €24,646 | ▼ 2.8% |
| Tangible fixed assets22/27 | €22,996 | €25,353 | €24,646 | ▼ 2.8% |
| Other tangible fixed assets26 | - | - | €24,646 | - |
| Assets under construction and advance payments27 | €22,996 | €25,353 | €0 | ▼ 100% |
| Current assets29/58 | €7,405 | €2,084 | €394 | ▼ 81.1% |
| Amounts receivable within one year40/41 | €1,136 | €1,110 | €219 | ▼ 80.3% |
| Trade receivables40 | - | €979 | €0 | ▼ 100% |
| Other amounts receivable41 | €1,136 | €131 | €219 | ▲ 66.9% |
| Cash at bank and in hand54/58 | €5,875 | €556 | €85 | ▼ 84.7% |
| Deferred charges and accrued income490/1 | €393 | €418 | €90 | ▼ 78.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €30,401 | €27,437 | €25,040 | ▼ 8.7% |
| Equity10/15 | -€66 | -€2,298 | -€3,322 | ▼ 44.5% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€5,066 | -€7,298 | -€8,322 | ▼ 14.0% |
| Amounts payable17/49 | €30,467 | €29,736 | €28,362 | ▼ 4.6% |
| Amounts payable after more than one year17 | - | €28,500 | €27,000 | ▼ 5.3% |
| Other amounts payable178/9 | - | €28,500 | €27,000 | ▼ 5.3% |
| Amounts payable within one year42/48 | €30,467 | €1,236 | €1,362 | ▲ 10.2% |
| Trade debts44 | €7,967 | €1,236 | €357 | ▼ 71.1% |
| Suppliers440/4 | €7,967 | €1,236 | €357 | ▼ 71.1% |
| Other amounts payable47/48 | €22,500 | €0 | €1,005 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,066 | -€2,232 | -€1,023 | ▲ 54.2% |
| + Depreciation and write-downs630 | - | - | €2,482 | - |
| Operating cash flow (approximation) | -€5,066 | -€2,232 | €1,459 | - |
| Investment in fixed assets (approximation) | - | -€2,357 | -€1,775 | ▲ 24.7% |
| Change in cash | - | -€5,319 | -€471 | ▲ 91.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,555 companies had the same profile as SORAPSA has now. Two years later, 91.6% were still going and 4.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SORAPSA itself: 2.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,555 companies, not a prediction for SORAPSA. 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.