SORWAB

Active

Private limited companyfounded 200620 yrs activeDe Laubespinstraat 94, 1090 Jette, BelgiumKBO/BCE: BE 0882.547.273

The computed 12-month bankruptcy probability of SORWAB is 2.9% (moderate). The 2025 annual accounts show negative equity (€-20k) and a net result of €-34k. Equity is shrinking by ~113.6% per year across the filed fiscal years. Its solvency ranks better than 10% of 4575 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

29 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-71

Solvency4▼-32

Growth32▼-20

Track record100

Bankruptcy probability, 12 months

2.9% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.41 against 0.64 in 2024; short-term debt: 121.3% and cash: 39.9% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

-21.3%

Return on assets

-36.5%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

232425

2023 to 2025 · latest year €-20k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 3 filings

Deviation from the deadline

2025

31 d late

2024

31 d late

2023

183 d late

← before the deadline after the deadline →

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 months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€-20k

2024 · €14k

2023: €12k 2024: €14k

2023 → 2025

Total assets

€94k▼ 27.4%

2024 · €129k

2023: €143k 2024: €129k

2023 → 2025

Net result

€-34k

2024 · €2k

2023: €7k 2024: €2k

2023 → 2025

Working capital

€-67k▼ 60.1%

2024 · €-42k

2023: €-60k 2024: €-42k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€12k-€14k▲ 15.1%€-20k

Operating result€11k-€3k▼ 71.9%€-34k

Net result€7k-€2k▼ 74.7%€-34k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €34k after €3k in 2024, the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €94k

50.1%

49.9%

Fixed assets €47k▼ 16.2%

Current assets €47k▼ 35.9%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-25k▼

2024 · €19k

Cash flow

€-25k▼

2024 · €18k

Solvency

-21.3%▼

2024 · 11.0%

Current ratio

0.41▼

2024 · 0.64

Quick ratio

0.41▼

2024 · 0.64

Debt / equity

-5.69▼

2024 · 8.06

ROA

-36.5%▼

2024 · 1.4%

Interest coverage

-228.30▼

2024 · 33.35

Debt

€114k▼

2024 · €115k

Debt ≤ 1 year

€114k▼

2024 · €115k

Income taxes

€160▼

2024 · €638

Staff costs

€87k▼

2024 · €89k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€129k€94k▼

Fixed assets21/28€56k€47k▼

Tangible fixed assets22/27€51k€42k▼

Furniture and vehicles24€26k€17k▼

Leasing and similar rights25€25k€25k=

Financial fixed assets28€6k€6k=

Current assets29/58€73k€47k▼

Amounts receivable within one year40/41€18k€8k▼

Trade receivables40€16k€7k▼

Other amounts receivable41€2k€1k▼

Cash at bank and in hand54/58€54k€38k▼

Deferred charges and accrued income490/1€1k€935▼

Equity and liabilities

Total equity and liabilities10/49€129k€94k▼

Equity10/15€14k€-20k▼

Contributions10/11€10k€10k=

Profit (loss) carried forward14€4k€-30k▼

Amounts payable17/49€115k€114k▼

Amounts payable within one year42/48€115k€114k▼

Trade debts44€3k€5k▲

Suppliers440/4€3k€5k▲

Taxes, remuneration and social security45€7k€10k▲

Taxes450/3€4k€1k▼

Remuneration and social security454/9€3k€9k▲

Other amounts payable47/48€105k€99k▼

Income statement Code20242025

Remuneration, social security and pensions62€89k€87k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€9k▼

Other operating charges640/8€2k€5k▲

Gross operating margin9900€110k€67k▼

Operating profit (loss)9901€3k€-34k▼

Financial income75/76B€2€0▼

Recurring financial income75€2€0▼

Financial charges65/66B€561€109▼

Recurring financial charges65€561€109▼

Profit (loss) for the period before taxes9903€3k€-34k▼

Income taxes67/77€638€160▼

Profit (loss) for the period9904€2k€-34k▼

Profit (loss) for the period to be appropriated9905€2k€-34k▼

Appropriation of the result

Profit (loss) to be appropriated9906€4k€-30k▼

Profit (loss) brought forward from the previous period14P€2k€4k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

31-12

Financial Weakest financial yearnet €-34k ▼1931%

Net result drops to €-34k, the lowest in the series.

31-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 31 days late

30-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 183 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

08-05-2025 ZEMMOURI Soufiane: Resigned as Managing director

17-05-2019 Younes Laâroussi: Resigned as Managing director

22-10-2018 Yadin Gurguze: Resigned as Managing director

29-08-2016 Omid Hasbi: Resigned as Managing director

10-12-2014 Yadin Gurguze: Resigned as Managing director

02-10-2014 Fateh SAFAIEPOUR: Resigned as Managing director

Location & real-estate footprint

Registered office, Jette · 1 establishment unit since 2006

establishment The establishment unit on the map

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.

De Laubespinstraat 941090 Jette