Checked.be
Active
BE 0480.355.183Private limited company
SOREP
Rue Joseph Wauters 46 ·4367 Crisnée, Belgium· 23 yrs active
Sector: Joinery installation
(43320)
Conclusion
SOREP has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50k and a net result of €-90k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 26784 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €50k |
| Net result | €-90k |
| Staff (FTE) | 2.8 |
| Better than sector | 78% |
Financial profile
53
/ 100
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
42
Profitability
0
Solvency
100
Growth
22
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2003, 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
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.
Checked score
42
/ 100
Weak
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.
Indicative credit limit
€2k
estimate, not credit advice
Score history
85
2020
86
2021
100
2022
85
2023
100
2024
42
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.18 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.18 (≥ 1.0)
+5
Leverage
Debt/equity 0.37 (< 1.0)
+10
Profitability
Negatieve ROE -180%
-10
EBITDA margin
Negatieve EBITDA-marge
-10
Interest coverage
Interest coverage -36.7× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 27-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~6.3%/year over 6 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 73.0% | 47.4% | |
| Net result | €-90k | €10k | |
| Equity | €50k | €60k | |
| Gross operating margin | €73k | €39k | |
| Staff costs | €154k | €40k |
€214k
-63.3%
20-25
€-84k
-
20-25
€-90k
-
20-25
€-87k
-
20-25
€69k
-64.1%
20-25
€50k
-64.2%
20-25
€40k
-62.6%
20-25
3
-41.7%
20-25
€154k
-36.6%
20-25
€122
-99.2%
20-25
€10k
-
20-25
€19k
-63.9%
20-25
€19k
-44.7%
20-25
€0
-100.0%
20-25
3.18
-24.7%
20-25
3.18
-24.7%
20-25
73.0%
-0.3%
20-25
0.37
+1.0%
20-25
-179.6%
-
20-25
-131.1%
-
20-25
-41.9%
-
20-25
-39.2%
-
20-25
-36.73
-
20-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | €214k | €584k | €533k | €573k | - |
| EBITDA | €-84k | €62k | €32k | €42k | €35k |
| Net profit | €-90k | €30k | €10k | €14k | €5k |
| Cash flow | €-87k | €45k | €22k | €30k | €24k |
| Staff costs | €154k | €244k | €228k | €279k | €267k |
| Income taxes | €122 | €14k | €4k | €7k | €5k |
| Dividends | - | - | €10k | - | - |
| Total assets | €69k | €191k | €180k | €134k | €152k |
| Equity | €50k | €140k | €110k | €110k | €96k |
| Debt | €19k | €51k | €70k | €24k | €56k |
| of which ≤ 1y | €19k | €33k | €45k | €23k | €47k |
| of which > 1y | €0 | €18k | €25k | €1k | €9k |
| Working capital | €40k | €108k | €74k | €98k | €68k |
| Employees (FTE) | 2.8 | 4.8 | 5.0 | 6.2 | 6.3 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 3.18 | 4.23 | 2.65 | 5.33 | 2.45 |
| Quick ratio | 3.18 | 4.23 | 2.65 | 5.33 | 2.24 |
| Working capital ratio | 59.0% | 56.5% | 41.1% | 73.1% | 44.8% |
| Solvency | 73.0% | 73.2% | 61.1% | 82.1% | 62.9% |
| Debt / equity | 0.37 | 0.37 | 0.64 | 0.22 | 0.59 |
| Long-term debt ratio | 0.00 | 0.13 | 0.23 | 0.01 | 0.10 |
| Interest coverage | -36.73 | 10.05 | 3.97 | 3.93 | 3.96 |
| Gross margin | 23.8% | 43.2% | 44.0% | 52.3% | - |
| Net margin | -41.9% | 5.2% | 1.9% | 2.5% | - |
| ROA | -131.1% | 15.8% | 5.5% | 10.7% | 3.4% |
| ROE | -179.6% | 21.5% | 9.0% | 13.0% | 5.4% |
| EBITDA margin | -39.2% | 10.7% | 5.9% | 7.3% | - |
| Days sales outstanding | 0d | 43d | 1d | 24d | - |
| Days payable outstanding | 10d | 8d | 11d | 12d | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | 0d | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €69k | €191k | €180k | €134k | €152k |
| Fixed assets | 21/28 | €10k | €50k | €61k | €13k | €37k |
| Tangible fixed assets | 22/27 | €6k | €46k | €58k | €10k | €34k |
| Financial fixed assets | 28 | €3k | €3k | €3k | €3k | €3k |
| Current assets | 29/58 | €59k | €141k | €118k | €120k | €115k |
| Stocks & contracts in progress | 3 | - | - | - | €0 | €10k |
| Amounts receivable within one year | 40/41 | €42k | €70k | €14k | €43k | €67k |
| Cash & bank | 54/58 | €15k | €64k | €94k | €71k | €33k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €69k | €191k | €180k | €134k | €152k |
| Equity | 10/15 | €50k | €140k | €110k | €110k | €96k |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k | €12k |
| Reserves | 13 | €32k | €32k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €6k | €96k | €96k | €96k | €81k |
| Amounts payable | 17/49 | €19k | €51k | €70k | €24k | €56k |
| Amounts payable after one year | 17 | €0 | €18k | €25k | €1k | €9k |
| Amounts payable within one year | 42/48 | €19k | €33k | €45k | €23k | €47k |
| Trade debts payable within one year | 44 | €4k | €7k | €9k | €9k | €5k |
| Income statement | ||||||
| Turnover | 70 | €214k | €584k | €533k | €573k | - |
| Gross operating margin | 9900 | €73k | €309k | €265k | €325k | €306k |
| Operating result | 9901 | €-87k | €48k | €19k | €27k | €16k |
| Financial income | 75 | €1k | €3k | €3k | €3k | €3k |
| Financial charges | 65 | €2k | €6k | €8k | €11k | €9k |
| Result before taxes | 9903 | €-90k | €45k | €14k | €21k | €10k |
| Income taxes | 67/77 | €122 | €14k | €4k | €7k | €5k |
| Net result for the period | 9904 | €-90k | €30k | €10k | €14k | €5k |
| Result to be appropriated | 9905 | €-90k | €30k | €10k | €14k | €5k |
Legal Structure
| NACE primary | Joinery installation(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 27-05-2003 |
| Status | Active |
| Postal code | 4367 |
Establishment units
Rue Joseph Hamels 55, 4367 Crisnée
since 20032.131.806.612
Real-estate footprint
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64021A0387/00D000 | Wallonia | 404 m² | 1 · 106 m² | - |
| 64412A0380/00M000indicative | Wallonia | 305 m² | - | - |
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-90k ▼398%
Net result drops to €-90k, the lowest in the series.
20-10
State Gazette act
Registered-office change
v3.2
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 5.33
Current ratio from 2.45 to 5.33; short-term debt falls from €47k to €23k.
31-12
Financial
Equity above €100kEq €110k ▲14.9%
3 profitable years in a row build equity to €110k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Address history · 1
20-10-2025
v3.2
All acts · 1
updated 10 months ago
2025
20-10-2025 Registered office moved from Crisnée to CRISNEE
- Joseph Hamels 55, 4367 Crisnée → Joseph Wauters 46, 4637 CRISNEE
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "CRISNEE",
"region": null,
"street": "Joseph Wauters",
"country": "BE",
"postcode": "4637",
"box_number": null,
"street_number": "46"
},
"old_address": {
"city": "Crisn\u00E9e",
"region": null,
"street": "Joseph Hamels",
"country": "BE",
"postcode": "4367",
"box_number": null,
"street_number": "55"
},
"effective_date": "2025-10-08",
"evidence_quote": "Le conseil d\u0027administration d\u00E9cide de transf\u00E9rer le si\u00E8ge \u00E0 l\u0027adresse suivante: 4637 CRISNEE, rue Joseph Wauters n\u00B046."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0480.355.183",
"name_full": "SOREP",
"legal_form": "SRL"
}
}Credit advice
Company registry (CBE)
Activities
Joinery installation43320Other building finishing work4335045422
Names & trade names
| Legal nameFR | SOREP |
Similar companies
Atelier DC
BE 0799.771.631 · Ledegem
PT DESIGN
BE 0775.937.642 · Gent
ALGEMENE SCHRIJNWERKEN DE LAMPER FRANKIE
BE 0477.097.963 · Hamme (Vl.)
Bamboepunt
BE 0658.786.089 · Kampenhout
ARIAS
BE 0456.920.775 · Wommelgem