SOREST
ActiveSummary
SOREST has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €399k and a net result of €133k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▲+29
Solvency43▼-33
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 2.02 in 2024; short-term debt: 81.6% and cash: 36.5% of total assets), and 81.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
18.4%
Return on assets
6.1%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
13 d early
2023
13 d early
2022
11 d early
2021
13 d early
2020
30 d late
2019
14 d early
← 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, abbreviated schema
Equity
€399k▼ 51.1%
2024 · €816k
2018: €205klowest in 8 years
2019: €211k▲ +3.1% vs 2018
2020: €702k▲ +233% vs 2019
2021: €812k▲ +15.7% vs 2020
2022: €902k▲ +11.1% vs 2021
2023: €905k▲ +0.4% vs 2022highest in 8 years
2024: €816k▼ -9.9% vs 2023
2025: €399k▼ -51.1% vs 2024
2018 → 2025
Total assets
€2.17M▲ 35.6%
2024 · €1.60M
2018: €1.04Mlowest in 8 years
2019: €1.26M▲ +20.8% vs 2018
2020: €1.90M▲ +50.8% vs 2019
2021: €1.67M▼ -12.4% vs 2020
2022: €1.13M▼ -31.9% vs 2021
2023: €1.36M▲ +20.0% vs 2022
2024: €1.60M▲ +17.7% vs 2023
2025: €2.17M▲ +35.6% vs 2024highest in 8 years
2018 → 2025
Net result
€133k
2024 · €-90k
2018: €-170klowest in 8 years
2019: €6k▲ +104% vs 2018
2020: €791k▲ +12377% vs 2019highest in 8 years
2021: €110k▼ -86.1% vs 2020
2022: €90k▼ -18.2% vs 2021
2023: €4k▼ -96.0% vs 2022
2024: €-90k▼ -2555% vs 2023
2025: €133k▲ +249% vs 2024
2018 → 2025
Working capital
€380k▼ 52.3%
2024 · €797k
2018: €184klowest in 8 years
2019: €213k▲ +15.8% vs 2018
2020: €696k▲ +227% vs 2019
2021: €779k▲ +11.9% vs 2020
2022: €883k▲ +13.3% vs 2021
2023: €887k▲ +0.4% vs 2022highest in 8 years
2024: €797k▼ -10.1% vs 2023
2025: €380k▼ -52.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€812k-€902k▲ 11.1%€905k▲ 0.4%€816k▼ 9.9%€399k▼ 51.1%
2021: €812k
2022: €902k▲ +11.1% vs 2021
2023: €905k▲ +0.4% vs 2022highest in 5 years
2024: €816k▼ -9.9% vs 2023
2025: €399k▼ -51.1% vs 2024lowest in 5 years
Operating result€103k-€35k▼ 66.4%€-116k€-156k▼ 34.8%€15k
2021: €103khighest in 5 years
2022: €35k▼ -66.4% vs 2021
2023: €-116k▼ -434% vs 2022
2024: €-156k▼ -34.8% vs 2023lowest in 5 years
2025: €15k▲ +110% vs 2024
Net result€110k-€90k▼ 18.2%€4k▼ 96.0%€-90k€133k
2021: €110k
2022: €90k▼ -18.2% vs 2021
2023: €4k▼ -96.0% vs 2022
2024: €-90k▼ -2555% vs 2023lowest in 5 years
2025: €133k▲ +249% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €15k after a loss of €156k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.17M
Fixed assets
€19k =
Current assets
€2.15M ▲ 36.0%
Equity and liabilities €2.17M
Equity
€399k ▼ 51.1%
Debt
€1.77M ▲ 126%
Debt's share of the balance-sheet total rises from 49.0% to 81.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.21▼
2024 · 2.02
Debt to equity
4.44▲
2024 · 0.96
ROE
33.3%▲
2024 · -11.0%
ROA
6.1%▲
2024 · -5.6%
Debt ≤ 1 year
€1.77M▲
2024 · €785k
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 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.60M€2.17M▲
Fixed assets21/28€19k€19k=
Financial fixed assets28€19k€19k=
Current assets29/58€1.58M€2.15M▲
Amounts receivable within one year40/41€1.55M€1.36M▼
Trade receivables40€166k€10k▼
Other amounts receivable41€1.39M€1.35M▼
Cash at bank and in hand54/58€30k€791k▲
Equity and liabilities
Total equity and liabilities10/49€1.60M€2.17M▲
Equity10/15€816k€399k▼
Contributions10/11€150k€150k=
Reserves13€666k€249k▼
Distributable reserves133€666k€249k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€785k€1.77M▲
Amounts payable within one year42/48€785k€1.77M▲
Trade debts44€260k€29k▼
Suppliers440/4€260k€29k▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€525k€1.74M▲
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-155k€16k▲
Operating profit (loss)9901€-156k€15k▲
Financial income75/76B€67k€119k▲
Recurring financial income75€67k€119k▲
Financial charges65/66B€533€1k▲
Recurring financial charges65€533€1k▲
Profit (loss) for the period before taxes9903€-90k€133k▲
Profit (loss) for the period9904€-90k€133k▲
Profit (loss) for the period to be appropriated9905€-90k€133k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-89k€133k▲
Profit (loss) brought forward from the previous period14P€368€0▼
Transfer from equity791/2€89k€417k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7-€550k
Directors or managers695-€550k
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €7k | €2k | €1k | €1k | €1k | ▲ 4.9% |
| Gross operating margin9900 | €110k | €37k | €-115k | €-155k | €16k | ▲ 110% |
| Operating profit (loss)9901 | €103k | €35k | €-116k | €-156k | €15k | ▲ 110% |
| Financial income75/76B | €33k | €81k | €120k | €67k | €119k | ▲ 76.6% |
| Recurring financial income75 | €33k | €81k | €120k | €67k | €119k | ▲ 76.6% |
| Financial charges65/66B | €27k | €25k | €226 | €533 | €1k | ▲ 100% |
| Recurring financial charges65 | €27k | €25k | €226 | €533 | €1k | ▲ 100% |
| Profit (loss) for the period before taxes9903 | €110k | €90k | €4k | €-90k | €133k | ▲ 249% |
| Profit (loss) for the period9904 | €110k | €90k | €4k | €-90k | €133k | ▲ 249% |
| Profit (loss) for the period to be appropriated9905 | €110k | €90k | €4k | €-90k | €133k | ▲ 249% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.67M | €1.13M | €1.36M | €1.60M | €2.17M | ▲ 35.6% |
| Fixed assets21/28 | €32k | €19k | €19k | €19k | €19k | = |
| Financial fixed assets28 | €32k | €19k | €19k | €19k | €19k | = |
| Current assets29/58 | €1.63M | €1.12M | €1.34M | €1.58M | €2.15M | ▲ 36.0% |
| Amounts receivable within one year40/41 | €1.55M | €969k | €1.32M | €1.55M | €1.36M | ▼ 12.4% |
| Trade receivables40 | €176k | €240k | €166k | €166k | €10k | ▼ 94.3% |
| Other amounts receivable41 | €1.38M | €730k | €1.16M | €1.39M | €1.35M | ▼ 2.6% |
| Cash at bank and in hand54/58 | €79k | €146k | €19k | €30k | €791k | ▲ 2,578% |
| Deferred charges and accrued income490/1 | €0 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.67M | €1.13M | €1.36M | €1.60M | €2.17M | ▲ 35.6% |
| Equity10/15 | €812k | €902k | €905k | €816k | €399k | ▼ 51.1% |
| Contributions10/11 | €150k | €150k | €150k | €150k | €150k | = |
| Reserves13 | €15k | €15k | €755k | €666k | €249k | ▼ 62.6% |
| Non-distributable reserves130/1 | €15k | €15k | €0 | - | - | - |
| Reserves not available under the articles1311 | €15k | €15k | €0 | - | - | - |
| Distributable reserves133 | - | - | €755k | €666k | €249k | ▼ 62.6% |
| Profit (loss) carried forward14 | €647k | €737k | €368 | €0 | €0 | - |
| Amounts payable17/49 | €854k | €232k | €456k | €785k | €1.77M | ▲ 126% |
| Amounts payable within one year42/48 | €854k | €232k | €456k | €785k | €1.77M | ▲ 126% |
| Trade debts44 | €56k | €5k | €207k | €260k | €29k | ▼ 88.9% |
| Suppliers440/4 | €56k | €5k | €207k | €260k | €29k | ▼ 88.9% |
| Taxes, remuneration and social security45 | €0 | - | €22k | €0 | - | - |
| Taxes450/3 | €0 | - | €22k | €0 | - | - |
| Other amounts payable47/48 | €798k | €227k | €227k | €525k | €1.74M | ▲ 232% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €110k | €90k | €4k | €-90k | €133k | ▲ 249% |
| Operating cash flow (approximation) | €110k | €90k | €4k | €-90k | €133k | ▲ 249% |
| Investment in fixed assets (approximation) | - | €14k | €0 | €0 | €0 | - |
| Change in cash | - | €67k | €-127k | €11k | €762k | ▲ 7,059% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Back to profitnet €133k
Net result €133k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 4.81
Current ratio from 1.91 to 4.81; short-term debt falls from €854k to €232k.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €791k ▲12,377%
Operating result €692k, net result €791k, both a record.
31-12
Financial
Equity above €500kEq €702k ▲233%
2 profitable years in a row build equity to €702k.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
Show earlier events
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Menen · 1 establishment unit since 2003
Ground area
5,530 m²
Building footprint
3,494 m²
Volume, LiDAR
3,588 m³
Parcel 34372B0328/00B000, Flanders · tallest building 6.6 m. Linked by address, not a title deed.
1 establishment unit
SOREST
since 20032.134.111.945
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34372B0328/00B000 | Flanders | 5,530 m² | 1 · 3,494 m² | 6.6 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,942 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-11-2003
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.