SOTHO SYSTEMS
ActiveSummary
SOTHO SYSTEMS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €737,600 and a net result of €114,882. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 2.63 against 1.75 in 2024; short-term debt: 18.8% and cash: 5% of total assets), and 18.8% of the assets are financed with debt.
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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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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
81.2%
Return on assets
12.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-01-2026, 101 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
101 d early
2024
97 d early
2023
117 d early
2022
80 d early
2021
114 d early
2020
135 d early
2019
139 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 112 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€737,600▲ 18.4%
2024 · €622,719
Total assets
€908,195▲ 12.1%
2024 · €809,898
Net result
€114,882▼ 13.6%
2024 · €132,914
Working capital
€277,693▲ 98.6%
2024 · €139,796
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€87,289▲ 22.2%€67,477▼ 22.7%€106,192▲ 57.4%€167,385▲ 57.6%€175,191▲ 4.7%
Net result€54,670▲ 41.7%€37,422▼ 31.5%€68,654▲ 83.5%€132,914▲ 93.6%€114,882▼ 13.6%
Equity€388,595▲ 15.8%€424,417▲ 9.2%€491,471▲ 15.8%€622,719▲ 26.7%€737,600▲ 18.4%
Total assets€635,873▲ 6.4%€659,498▲ 3.7%€693,330▲ 5.1%€809,898▲ 16.8%€908,195▲ 12.1%
Debt€247,278▼ 5.7%€235,081▼ 4.9%€201,860▼ 14.1%€187,179▼ 7.3%€170,594▼ 8.9%
Working capital-€43,943▲ 29.1%-€35,115▲ 20.1%€3,294€139,796▲ 4,144%€277,693▲ 98.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €908,195
Fixed assets
€459,907 ▼ 4.8%
Current assets
€448,287 ▲ 37.3%
Equity and liabilities €908,195
Equity
€737,600 ▲ 18.4%
Debt
€170,594 ▼ 8.9%
Debt's share of the balance-sheet total falls from 23.1% to 18.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€203,864▲
2024 · €196,496
Cash flow
€143,554▼
2024 · €162,025
Current ratio
2.63▲
2024 · 1.75
Debt to equity
0.23▼
2024 · 0.30
ROE
15.6%▼
2024 · 21.3%
ROA
12.6%▼
2024 · 16.4%
Interest coverage
17.01▲
2024 · 15.96
Debt ≤ 1 year
€170,594▼
2024 · €186,792
Income taxes
€51,307▲
2024 · €51,130
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,875 | €24,555 | €34,660 | €29,111 | €28,673 | ▼ 1.5% |
| Other operating charges640/8 | - | €5,817 | €6,309 | €6,331 | €5,728 | ▼ 9.5% |
| Gross operating margin9900 | €114,276 | €97,850 | €147,161 | €202,827 | €209,592 | ▲ 3.3% |
| Operating profit (loss)9901 | €87,289 | €67,477 | €106,192 | €167,385 | €175,191 | ▲ 4.7% |
| Financial income75/76B | - | €1,495 | €572 | €28,975 | €2,984 | ▼ 89.7% |
| Recurring financial income75 | €500 | €1,495 | €572 | €28,975 | €2,984 | ▼ 89.7% |
| Financial charges65/66B | - | €11,385 | €7,688 | €12,315 | €11,986 | ▼ 2.7% |
| Recurring financial charges65 | €9,509 | €11,385 | €7,688 | €12,315 | €11,986 | ▼ 2.7% |
| Profit (loss) for the period before taxes9903 | €78,279 | €57,588 | €99,076 | €184,044 | €166,188 | ▼ 9.7% |
| Income taxes67/77 | €23,609 | €20,165 | €30,422 | €51,130 | €51,307 | ▲ 0.3% |
| Profit (loss) for the period9904 | €54,670 | €37,422 | €68,654 | €132,914 | €114,882 | ▼ 13.6% |
| Transfer from tax-exempt reserves789 | - | €4,806 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €54,670 | €42,229 | €68,654 | €132,914 | €114,882 | ▼ 13.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €635,873 | €659,498 | €693,330 | €809,898 | €908,195 | ▲ 12.1% |
| Fixed assets21/28 | €512,538 | €509,880 | €512,421 | €483,310 | €459,907 | ▼ 4.8% |
| Tangible fixed assets22/27 | €511,838 | €509,880 | €512,421 | €483,310 | €459,907 | ▼ 4.8% |
| Land and buildings22 | - | €500,002 | €506,151 | €478,692 | €456,942 | ▼ 4.5% |
| Furniture and vehicles24 | - | €9,878 | €6,270 | €4,618 | €2,965 | ▼ 35.8% |
| Financial fixed assets28 | €700 | €0 | - | - | - | - |
| Current assets29/58 | €123,335 | €149,618 | €180,910 | €326,588 | €448,287 | ▲ 37.3% |
| Amounts receivable within one year40/41 | €26,158 | €34,198 | €21,084 | €25,594 | €29,289 | ▲ 14.4% |
| Trade receivables40 | - | €20,860 | €21,084 | €23,784 | €23,701 | ▼ 0.3% |
| Other amounts receivable41 | - | €13,338 | €0 | €1,810 | €5,588 | ▲ 209% |
| Current investments50/53 | €37,978 | €54,690 | €99,406 | €60,000 | €371,507 | ▲ 519% |
| Cash at bank and in hand54/58 | €45,095 | €46,551 | €56,662 | €238,123 | €45,490 | ▼ 80.9% |
| Deferred charges and accrued income490/1 | - | €14,179 | €3,757 | €2,871 | €2,001 | ▼ 30.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €635,873 | €659,498 | €693,330 | €809,898 | €908,195 | ▲ 12.1% |
| Equity10/15 | €388,595 | €424,417 | €491,471 | €622,719 | €737,600 | ▲ 18.4% |
| Contributions10/11 | - | €230,420 | €230,420 | €230,420 | €230,420 | = |
| Reserves13 | €158,175 | €193,997 | €261,051 | €392,299 | €507,180 | ▲ 29.3% |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €193,997 | €261,051 | €392,299 | €507,180 | ▲ 29.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €247,278 | €235,081 | €201,860 | €187,179 | €170,594 | ▼ 8.9% |
| Amounts payable after more than one year17 | €80,000 | €50,000 | €20,000 | €0 | - | - |
| Financial debts170/4 | - | €50,000 | €20,000 | €0 | - | - |
| Amounts payable within one year42/48 | €167,278 | €184,734 | €177,616 | €186,792 | €170,594 | ▼ 8.7% |
| Current portion of amounts payable after more than one year42 | - | €30,000 | €27,500 | €20,000 | €0 | ▼ 100% |
| Trade debts44 | €3,203 | €4,273 | €1,093 | €2,462 | €1,308 | ▼ 46.9% |
| Suppliers440/4 | - | €4,273 | €1,093 | €2,462 | €1,308 | ▼ 46.9% |
| Taxes, remuneration and social security45 | - | €11,507 | €5,979 | €5,951 | €7,960 | ▲ 33.8% |
| Taxes450/3 | - | €11,507 | €5,979 | €5,951 | €7,960 | ▲ 33.8% |
| Other amounts payable47/48 | - | €138,954 | €143,044 | €158,379 | €161,326 | ▲ 1.9% |
| Accrued charges and deferred income492/3 | - | €348 | €4,244 | €387 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,670 | €37,422 | €68,654 | €132,914 | €114,882 | ▼ 13.6% |
| + Depreciation and write-downs630 | €20,875 | €24,555 | €34,660 | €29,111 | €28,673 | ▼ 1.5% |
| Operating cash flow (approximation) | €75,545 | €61,977 | €103,314 | €162,025 | €143,554 | ▼ 11.4% |
| Investment in fixed assets (approximation) | - | -€21,898 | -€37,201 | €0 | -€5,270 | - |
| Change in cash | - | €1,456 | €10,111 | €181,460 | -€192,633 | ▼ 206% |
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
19-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €132,914 ▲93.6%
Net result €132,914, the highest in the series.
30-09
Financial
Equity above €500,000Eq €622,719 ▲26.7%
7 profitable years in a row build equity to €622,719.
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
13-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
14-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
26-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-02
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 5 acts read
About the unread acts
We know of 5 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
5 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, Genk · 1 establishment unit since 1996
Ground area
1,580 m²
Building footprint
222 m²
Volume, LiDAR
871 m³
Parcel 71306G0221/00G110, Flanders · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Genkerhei 7, 3600 Genk
since 19962.076.892.140
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71306G0221/00G110 | Flanders | 1,580 m² | 1 · 222 m² | 5.4 m · 1 fl. |
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 11,219 companies in sector 82100 we hold annual accounts for 3,509. 1,735 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
Founded28-05-1996
Fiscal year end30-09
Activities, NACEBEL 2025
82100Office administrative and support services
86940Nursing and midwifery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458096356
Registered
13-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.