SORESCOL SERVICES
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 34 filings
Every figure per financial year
The operating result for 2025 is 7% higher than in 2024. It is a recovery after the fall in 2024.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 46 | 56 | 57 | 63 | 62 |
| full-time | 43 | 53 | 55 | 62 | 58 |
| part-time | 3 | 3 | 2 | 1 | 4 |
| in full-time equivalents | 45.4 | 55.5 | 56.6 | 62.8 | 61.3 |
| Average over the year, in full-time equivalents | 45.6 | 51.7 | 55.1 | 58.6 | 63.3 |
| On a permanent contract | 42 | 48 | 49 | 58 | 60 |
| Joined | 43 | 40 | 24 | 102 | 162 |
| Left | 45 | 30 | 23 | 96 | 163 |
| Agency workers, average number | 4.1 | 4.3 | 2.3 | 0.3 | - |
| Training hours | 780 | 12 | 142 | 38 | 93 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €2.0m | €2.0m | €25,000 | €25,000 | €25,000 |
| Mortgage mandates | - | - | €2.0m | €2.0m | €2.0m |
| Carrying value of the mortgaged assets | €707,128 | €674,101 | €643,239 | €618,702 | €689,335 |
| Mandates to pledge the business | - | - | - | €340,854 | €340,854 |
| Carrying value of the other pledged assets | €225,316 | €295,884 | €284,918 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €475,383 | €772,874 | €572,621 | €476,082 | €411,576 |
| Financial fixed assets | - | - | - | €386,000 | - |
| Depreciation and write-downs of the year | €326,088 | €256,946 | €307,430 | €367,540 | €390,448 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is L&S Réviseurs d'Entreprises, L&S Bedrijfsrevisoren, L&S Registered Auditors.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €15,750 | €17,557 | €17,557 | €17,557 | €20,160 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €30.1m | €45.5m | €47.2m | €46.1m | €47.7m | ▲ 3.5% |
| Turnover70 | €35.9m | €37.3m | €25.3m | €29.9m | €45.5m | €47.1m | €45.9m | €47.6m | ▲ 3.7% |
| Other operating income74 | - | - | - | €0.2m | €0.06m | €0.07m | €0.2m | €0.1m | ▼ 42.3% |
| Operating charges60/66A | - | - | - | €26.8m | €41.6m | €42.0m | €41.5m | €42.9m | ▲ 3.2% |
| Goods for resale, raw materials and consumables60 | - | - | - | €23.1m | €36.3m | €35.3m | €35.4m | €36.8m | ▲ 3.9% |
| Purchases600/8 | - | - | - | €23.7m | €36.2m | €35.4m | €35.2m | €36.8m | ▲ 4.6% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.7m | €0.1m | -€0.1m | €0.2m | -€0.04m | - |
| Services and other goods61 | - | - | - | €1.5m | €2.1m | €3.2m | €2.0m | €1.8m | ▼ 9.6% |
| Remuneration, social security and pensions62 | - | - | - | €1.9m | €2.6m | €3.1m | €3.4m | €3.7m | ▲ 10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.6m | €0.6m | €0.5m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.08m | -€0.4m | -€0.1m | €0.1m | -€391 | - |
| Other operating charges640/8 | - | - | - | €0.1m | €0.6m | €0.2m | €0.3m | €0.2m | ▼ 39.5% |
| Operating profit (loss)9901 | €2.8m | €3.5m | €2.5m | €3.3m | €4.0m | €5.2m | €4.5m | €4.8m | ▲ 6.6% |
| Financial income75/76B | - | - | - | €0.7m | €0.5m | €1.0m | €1.5m | €2.0m | ▲ 38.7% |
| Recurring financial income75 | €0.3m | €0.7m | €1.1m | €0.7m | €0.5m | €1.0m | €1.5m | €2.0m | ▲ 38.7% |
| Income from current assets751 | - | - | - | €0.5m | €0.4m | €1.0m | €1.5m | €2.0m | ▲ 39.3% |
| Other financial income752/9 | - | - | - | €0.2m | €0.1m | €0.02m | €0.006m | - | - |
| Financial charges65/66B | - | - | - | €0.3m | €1.4m | €0.2m | €0.4m | €1.0m | ▲ 128% |
| Recurring financial charges65 | €1.6m | -€1.3m | €0.4m | €0.3m | €1.4m | €0.2m | €0.4m | €1.0m | ▲ 128% |
| Debt charges650 | €0.02m | €0.01m | €0.009m | €0.007m | €0.01m | €0.03m | €0.03m | €0.02m | ▼ 32.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €0.3m | €1.2m | -€1.1m | -€0.1m | €0.06m | - |
| Other financial charges652/9 | - | - | - | €0.05m | €0.2m | €1.3m | €0.5m | €0.9m | ▲ 70.1% |
| Profit (loss) for the period before taxes9903 | €1.6m | €5.5m | €3.2m | €3.7m | €3.1m | €6.0m | €5.6m | €5.9m | ▲ 5.5% |
| Transfer from deferred taxes780 | - | - | - | €0.008m | €0.008m | €0.008m | €0.003m | - | - |
| Income taxes67/77 | €0.9m | €1.1m | €0.9m | €1.0m | €1.1m | €1.2m | €1.4m | €1.4m | ▲ 1.9% |
| Taxes670/3 | - | - | - | €1.0m | €1.1m | €1.2m | €1.4m | €1.5m | ▲ 6.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | - | - | €0.06m | - |
| Profit (loss) for the period9904 | €0.6m | €4.4m | €2.3m | €2.7m | €2.0m | €4.8m | €4.2m | €4.5m | ▲ 6.6% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €0.1m | €0.7m | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.6m | €3.6m | €2.3m | €2.7m | €2.1m | €5.5m | €4.2m | €4.5m | ▲ 6.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €30.4m | €33.9m | €33.9m | €38.0m | €41.6m | €46.3m | €49.2m | €50.1m | ▲ 1.7% |
| Fixed assets21/28 | €2.1m | €1.6m | €1.2m | €1.3m | €1.8m | €2.1m | €2.6m | €2.6m | ▼ 0.6% |
| Tangible fixed assets22/27 | €2.1m | €1.6m | €1.2m | €1.3m | €1.8m | €2.1m | €2.2m | €2.2m | ▼ 0.7% |
| Land and buildings22 | - | - | - | €0.7m | €0.7m | €0.6m | €0.6m | €0.7m | ▲ 11.4% |
| Plant, machinery and equipment23 | - | - | - | €0.4m | €0.8m | €1.2m | €1.3m | €1.1m | ▼ 11.5% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 2.7% |
| Leasing and similar rights25 | - | - | - | - | - | - | - | €0.07m | - |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.4m | €0.4m | = |
| Affiliated companies280/1 | - | - | - | - | - | - | €0.4m | €0.4m | = |
| Participating interests280 | - | - | - | - | - | - | €0.4m | €0.4m | = |
| Other financial fixed assets284/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €28.3m | €32.3m | €32.7m | €36.7m | €39.8m | €44.2m | €46.7m | €47.5m | ▲ 1.9% |
| Stocks and contracts in progress3 | €0.7m | €0.8m | €0.9m | €1.6m | €1.5m | €1.6m | €1.4m | €1.4m | ▲ 3.0% |
| Stocks30/36 | - | - | - | €1.6m | €1.5m | €1.6m | €1.4m | €1.4m | ▲ 3.0% |
| Goods purchased for resale34 | - | - | - | €1.6m | €1.5m | €1.6m | €1.4m | €1.4m | ▲ 3.0% |
| Amounts receivable within one year40/41 | €5.1m | €5.0m | €2.3m | €2.9m | €4.4m | €4.7m | €4.2m | €5.1m | ▲ 23.0% |
| Trade receivables40 | - | - | - | €2.7m | €4.4m | €4.6m | €4.1m | €5.1m | ▲ 23.6% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.02m | €0.06m | €0.05m | €0.04m | ▼ 25.2% |
| Current investments50/53 | €19.2m | €22.3m | €23.3m | €23.7m | €29.6m | €32.6m | €37.0m | €38.9m | ▲ 5.4% |
| Other investments51/53 | - | - | - | €23.7m | €29.6m | €32.6m | €37.0m | €38.9m | ▲ 5.4% |
| Cash at bank and in hand54/58 | €3.2m | €4.1m | €6.2m | €8.4m | €4.3m | €5.2m | €4.0m | €1.9m | ▼ 52.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.07m | €0.07m | €0.2m | €0.1m | €0.1m | ▼ 6.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €30.4m | €33.9m | €33.9m | €38.0m | €41.6m | €46.3m | €49.2m | €50.1m | ▲ 1.7% |
| Equity10/15 | €24.8m | €29.2m | €31.4m | €33.8m | €35.8m | €40.5m | €44.1m | €42.6m | ▼ 3.5% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €22.3m | €23.2m | €23.2m | €23.2m | €23.2m | €23.2m | €23.2m | €23.2m | = |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Tax-exempt reserves132 | - | - | - | €0.8m | €0.7m | - | - | - | - |
| Distributable reserves133 | - | - | - | €22.3m | €22.4m | €23.1m | €23.1m | €23.1m | = |
| Profit (loss) carried forward14 | €2.1m | €5.7m | €8.0m | €10.4m | €12.3m | €17.1m | €20.7m | €19.2m | ▼ 7.4% |
| Investment grants15 | - | - | - | €0.04m | €0.02m | €0.006m | - | - | - |
| Provisions and deferred taxes16 | €0.04m | €0.04m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Other liabilities and charges164/5 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Deferred taxes168 | - | - | - | €0.02m | €0.01m | €0.003m | - | - | - |
| Amounts payable17/49 | €5.5m | €4.7m | €2.3m | €4.0m | €5.8m | €5.7m | €5.0m | €7.4m | ▲ 47.6% |
| Amounts payable after more than one year17 | €0.7m | €0.4m | €0.3m | €0.4m | €0.7m | €0.9m | €0.8m | €0.7m | ▼ 9.2% |
| Financial debts170/4 | - | - | - | €0.4m | €0.7m | €0.9m | €0.8m | €0.7m | ▼ 9.2% |
| Leasing and similar obligations172 | - | - | - | - | - | - | - | €0.004m | - |
| Credit institutions173 | - | - | - | €0.4m | €0.7m | €0.9m | €0.8m | €0.7m | ▼ 9.7% |
| Amounts payable within one year42/48 | €4.7m | €4.3m | €2.0m | €3.6m | €5.1m | €4.8m | €4.2m | €6.7m | ▲ 58.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.1m | €0.07m | €0.2m | €0.1m | ▼ 42.1% |
| Trade debts44 | €3.5m | €3.3m | €1.3m | €2.6m | €4.4m | €3.9m | €3.2m | €3.9m | ▲ 19.8% |
| Suppliers440/4 | - | - | - | €2.6m | €4.4m | €3.9m | €3.2m | €3.9m | ▲ 19.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.6m | €0.6m | €0.8m | €0.7m | €1.4m | ▲ 94.0% |
| Taxes450/3 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.9m | ▲ 283% |
| Remuneration and social security454/9 | - | - | - | €0.3m | €0.4m | €0.6m | €0.5m | €0.6m | ▲ 13.1% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.001m | €0.002m | €0.03m | €1.2m | ▲ 42× |
| Accrued charges and deferred income492/3 | - | - | - | €0.009m | - | - | €170 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.6m | €4.4m | €2.3m | €2.7m | €2.0m | €4.8m | €4.2m | €4.5m | ▲ 6.6% |
| + Depreciation and write-downs630 | €0.6m | €0.6m | €0.5m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 6.2% |
| Operating cash flow (approximation) | €1.2m | €5.0m | €2.7m | €3.0m | €2.2m | €5.1m | €4.6m | €4.9m | ▲ 6.5% |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.1m | -€0.4m | -€0.8m | -€0.6m | -€0.9m | -€0.4m | ▲ 56.2% |
| Change in cash | - | €0.9m | €2.1m | €2.3m | -€4.1m | €0.9m | -€1.2m | -€2.1m | ▼ 70.3% |
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, 1,579 companies had the same profile as SORESCOL SERVICES has now. Two years later, 96.7% were still going and 0.1% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of SORESCOL SERVICES itself: 0.1% 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 1,579 companies, not a prediction for SORESCOL SERVICES. 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.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 06-07-2026 | 2026-00288180 | |
| 31-12-2024 | full format | 23-07-2025 | 2025-00313139 | |
| 31-12-2023 | full format | 04-07-2024 | 2024-00240476 | |
| 31-12-2022 | full format | 03-07-2023 | 2023-00204160 | |
| 31-12-2021 | full format | 04-08-2022 | 2022-20279335 | |
| 31-12-2020 | full format | 30-06-2021 | 2021-30200506 | |
| 31-12-2019 | full format | 20-08-2020 | 2020-43900256 | |
| 31-12-2018 | full format | 29-07-2019 | 2019-43300116 | |
| 31-12-2017 | full format | 30-10-2018 | 2018-71300479 | |
| 31-12-2016 | full format | 05-12-2017 | 2017-71200500 |