SOROBAN
ActiveSummary
SOROBAN has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €168k and a net result of €54k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 1854 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▲+14
Solvency51▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 0.11 in 2023; short-term debt: 23.6% and cash: 6% of total assets), but 74.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
28 d early
2022
28 d early
2021
24 d early
2020
25 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€168k▲ 47.0%
2023 · €114k
2018: €111k
2019: €119k
2020: €94k
2021: €76k
2022: €95k
2023: €114k
2018 → 2024
Total assets
€648k▼ 12.3%
2023 · €739k
2018: €917k
2019: €875k
2020: €832k
2021: €802k
2022: €774k
2023: €739k
2018 → 2024
Net result
€54k▲ 180%
2023 · €19k
2018: €-15k
2019: €8k
2020: €-25k
2021: €-18k
2022: €19k
2023: €19k
2018 → 2024
Working capital
€144k
2023 · €-163k
2018: €-155k
2019: €-134k
2020: €-164k
2021: €-175k
2022: €-168k
2023: €-163k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€94k-€76k▼ 19.1%€95k▲ 25.2%€114k▲ 20.2%€168k▲ 47.0%
Operating result€-20k-€-11k▲ 45.4%€30k€30k▼ 0.2%€61k▲ 105%
Net result€-25k-€-18k▲ 29.1%€19k€19k▲ 0.2%€54k▲ 180%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 105% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €648k
Fixed assets
€351k ▼ 51.1%
Current assets
€297k ▲ 1,376%
Equity and liabilities €648k
Equity
€168k ▲ 47.0%
Provisions
€919 ▼ 84.5%
Debt
€480k ▼ 22.5%
Debt's share of the balance-sheet total falls from 83.7% to 74.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€88k▲
2023 · €61k
Cash flow
€81k▲
2023 · €50k
Current ratio
1.94▲
2023 · 0.11
Debt to equity
2.86▼
2023 · 5.42
ROE
32.0%▲
2023 · 16.8%
ROA
8.3%▲
2023 · 2.6%
Interest coverage
6.84▲
2023 · 5.18
Debt ≤ 1 year
€153k▼
2023 · €184k
Debt > 1 year
€325k▼
2023 · €434k
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€739k€648k▼
Fixed assets21/28€719k€351k▼
Tangible fixed assets22/27€719k€351k▼
Land and buildings22€716k€349k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€496-
Current assets29/58€20k€297k▲
Amounts receivable within one year40/41€9k€11k▲
Trade receivables40€8k€5k▼
Other amounts receivable41€726€5k▲
Current investments50/53€6k€246k▲
Cash at bank and in hand54/58€4k€39k▲
Deferred charges and accrued income490/1€606€1k▲
Equity and liabilities
Total equity and liabilities10/49€739k€648k▼
Equity10/15€114k€168k▲
Contributions10/11€25k€25k=
Reserves13€164k€154k▼
Tax-exempt reserves132€12k€2k▼
Distributable reserves133€153k€153k=
Profit (loss) carried forward14€-75k€-11k▲
Provisions and deferred taxes16€6k€919▼
Deferred taxes168€6k€919▼
Amounts payable17/49€619k€480k▼
Amounts payable after more than one year17€434k€325k▼
Financial debts170/4€434k€325k▼
Amounts payable within one year42/48€184k€153k▼
Current portion of amounts payable after more than one year42€46k€27k▼
Trade debts44€8k€22k▲
Suppliers440/4€8k€22k▲
Taxes, remuneration and social security45€562€61▼
Taxes450/3€562€61▼
Other amounts payable47/48€130k€104k▼
Accrued charges and deferred income492/3€900€1k▲
Income statement
Code20232024
Non-recurring operating income76A-€250
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€27k▼
Other operating charges640/8€12k€12k▼
Non-recurring operating charges66A€532-
Gross operating margin9900€74k€101k▲
Operating profit (loss)9901€30k€61k▲
Financial income75/76B€479€192▼
Recurring financial income75€479€192▼
Financial charges65/66B€12k€13k▲
Recurring financial charges65€12k€13k▲
Profit (loss) for the period before taxes9903€19k€49k▲
Transfer from deferred taxes780€410€5k▲
Profit (loss) for the period9904€19k€54k▲
Transfer from tax-exempt reserves789€797€10k▲
Profit (loss) for the period to be appropriated9905€20k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-75k€-11k▲
Profit (loss) brought forward from the previous period14P€-95k€-75k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €54k ▲180%
Operating result €61k, net result €54k, both a record.
31-12
Financial
Liquidity times 18current ratio 1.94
Current ratio from 0.11 to 1.94; short-term debt falls from €184k to €153k.
31-12
Financial
Equity above €150kEq €168k ▲47%
3 profitable years in a row build equity to €168k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €114k ▲20.2%
2 profitable years in a row build equity to €114k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-25k ▼409%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Rijkevorsel · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Otterdaelstraat 482310 RijkevorselGround area
1,532 m²
Building footprint
219 m²
Volume, LiDAR
1,334 m³
Parcel 13037H0165/00C000, Flanders · tallest building 14.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Otterdaelstraat 48, 2310 Rijkevorsel
since 19982.088.622.707
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13037H0165/00C000 | Flanders | 1,532 m² | 1 · 219 m² | 14.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 61,537 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 61,537 EUR | 0 EUR |
Schemes
Erfgoedpremie voor beschermde monumenten en landschappen - standaardprocedure
Similar companies · same sector, comparable size
EEUWENHOUT
BE 0819.784.612
Heuvelland · Eq €170k
ACET
BE 0869.629.645
Ichtegem · Eq €166k
GUIMAR
BE 0438.105.250
Damme · Eq €172k
AU MONTY
BE 0697.682.396
Profondeville · Eq €174k
Verblijfshoeve 't Wolvennest
BE 0424.850.595
Heuvelland · Eq €176k
Of 732 companies in sector 55209 we hold annual accounts for 208. 144 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-09-1998
Fiscal year end31-12
Activities, NACEBEL 2025
55209Other holiday and short-stay accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:gertkerstens@gmail.com
Phone:033365668