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SOTO

Open bankruptcy
Private limited companyfounded 2020KBO/BCE: BE 0746.770.831

A bankruptcy procedure is open for SOTO according to publications in the Belgian State Gazette; curator: ERIC VAN MEENSEL.

Summary

The file additionally contains 1 administrative flag. The 2023 annual accounts show equity of €13,199 and a net result of -€6,361.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Antwerp, Antwerp division
Declared bankrupt
17 April 2025
Supervising judge
Joris Schoofs
Official Gazette
18-06-2025 (pdf) ↗search the document for 2025/126089

Curator

  • Eric Van MeenselPaleisstraat 12-14, 2018 Antwerpen 1eric@vanmeensel-advocaten.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 02-07-2024, 29 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
29 d early
2022
63 d early
2021
23 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 38 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

SOTO was incorporated on 8 May 2020 as a Private limited company.1 Total assets fell from EUR 112,198 in 2021 to EUR 61,359 in 2023.2 On 17 April 2025 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2023
  3. 3Belgian State Gazette, 18-06-2025

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2023, micro schema

Equity
€13,199▼ 32.5%
2022 · €19,559
Total assets
€61,359▼ 21.8%
2022 · €78,427
Net result
-€6,361▼ 11.9%
2022 · -€5,684
Working capital
€11,749▼ 30.8%
2022 · €16,989
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
Line202120222023
Operating result€19,603--€5,037-€4,720▲ 6.3%
Net result€15,244--€5,684-€6,361▼ 11.9%
Equity€25,244-€19,559▼ 22.5%€13,199▼ 32.5%
Total assets€112,198-€78,427▼ 30.1%€61,359▼ 21.8%
Debt€86,954-€58,868▼ 32.3%€48,160▼ 18.2%
Working capital€21,460-€16,989▼ 20.8%€11,749▼ 30.8%
Staff (FTE)0.83▲ 275%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2021: €19,603€19,603Net result 2021: €15,244€15,244Operating result 2022: -€5,037-€5,037Net result 2022: -€5,684-€5,684Operating result 2023: -€4,720-€4,720Net result 2023: -€6,361-€6,361202120222023-€10,000€0€10,000€20,000Operating result 2021: €19,603€19,600Net result 2021: €15,244€15,200Operating result 2022: -€5,037-€5,040Net result 2022: -€5,684-€5,680Operating result 2023: -€4,720-€4,720Net result 2023: -€6,361-€6,360202120222023
The operating result stays negative: a loss of €4,720 in 2023 against €5,037 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €61,359
Fixed assets €1,450 ▼ 43.6%
Current assets €59,909 ▼ 21.0%
Equity and liabilities €61,359
Equity €13,199 ▼ 32.5%
Debt €48,160 ▼ 18.2%
Debt's share of the balance-sheet total rises from 75.1% to 78.5%. Equity and debt are lower.
Key figures and ratios
2023 value · change against 2022
EBITDA
-€3,600▲
2022 · -€3,823
Cash flow
-€5,240▼
2022 · -€4,470
Current ratio
1.24▼
2022 · 1.29
Debt to equity
3.65▲
2022 · 3.01
ROE
-48.2%▼
2022 · -29.1%
ROA
-10.4%▼
2022 · -7.2%
Interest coverage
-2.80▲
2022 · -8.29
Debt ≤ 1 year
€48,160▼
2022 · €58,868
Income taxes
€354▲
2022 · €186
Staff costs
€62,934▲
2022 · €13,542
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 38 lines
Balance sheet Code20222023
Assets
Total assets20/58€78,427€61,359▼
Fixed assets21/28€2,570€1,450▼
Tangible fixed assets22/27€2,570€1,450▼
Plant, machinery and equipment23€2,570€1,450▼
Current assets29/58€75,857€59,909▼
Amounts receivable within one year40/41€13,453€43,147▲
Trade receivables40€1,203€21,831▲
Other amounts receivable41€12,249€21,316▲
Cash at bank and in hand54/58€5,535-
Deferred charges and accrued income490/1€56,870€16,762▼
Equity and liabilities
Total equity and liabilities10/49€78,427€61,359▼
Equity10/15€19,559€13,199▼
Contributions10/11€10,000€10,000=
Outside capital11-€10,000
Other1109/19-€10,000
Profit (loss) carried forward14€9,559€3,199▼
Amounts payable17/49€58,868€48,160▼
Amounts payable within one year42/48€58,868€48,160▼
Financial debts43-€3,381
Credit institutions430/8-€3,381
Trade debts44€14,752€42,913▲
Suppliers440/4€14,752€42,913▲
Advances received on contracts in progress46€39,175-
Taxes, remuneration and social security45€4,940€1,866▼
Taxes450/3€4,940€1,866▼
Income statement Code20222023
Remuneration, social security and pensions62€13,542€62,934▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,214€1,120▼
Other operating charges640/8€1,837€100▼
Gross operating margin9900€11,555€59,434▲
Operating profit (loss)9901-€5,037-€4,720▲
Financial charges65/66B€461€1,287▲
Recurring financial charges65€461€1,287▲
Profit (loss) for the period before taxes9903-€5,498-€6,007▼
Income taxes67/77€186€354▲
Profit (loss) for the period9904-€5,684-€6,361▼
Profit (loss) for the period to be appropriated9905-€5,684-€6,361▼
Appropriation of the result
Profit (loss) to be appropriated9906€9,559€3,199▼
Profit (loss) brought forward from the previous period14P€15,244€9,559▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202120222023Change
Remuneration, social security and pensions62-€13,542€62,934▲ 365%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,038€1,214€1,120▼ 7.7%
Other operating charges640/8€811€1,837€100▼ 94.6%
Gross operating margin9900€23,451€11,555€59,434▲ 414%
Operating profit (loss)9901€19,603-€5,037-€4,720▲ 6.3%
Financial income75/76B€104---
Recurring financial income75€104---
Financial charges65/66B€624€461€1,287▲ 179%
Recurring financial charges65€624€461€1,287▲ 179%
Profit (loss) for the period before taxes9903€19,083-€5,498-€6,007▼ 9.2%
Income taxes67/77€3,840€186€354▲ 90.2%
Profit (loss) for the period9904€15,244-€5,684-€6,361▼ 11.9%
Profit (loss) for the period to be appropriated9905€15,244-€5,684-€6,361▼ 11.9%
Line202120222023Change
Assets
Total assets20/58€112,198€78,427€61,359▼ 21.8%
Fixed assets21/28€3,784€2,570€1,450▼ 43.6%
Tangible fixed assets22/27€3,784€2,570€1,450▼ 43.6%
Plant, machinery and equipment23€3,784€2,570€1,450▼ 43.6%
Current assets29/58€108,414€75,857€59,909▼ 21.0%
Amounts receivable within one year40/41€29,250€13,453€43,147▲ 221%
Trade receivables40€24,511€1,203€21,831▲ 1,714%
Other amounts receivable41€4,738€12,249€21,316▲ 74.0%
Cash at bank and in hand54/58€2,286€5,535--
Deferred charges and accrued income490/1€76,879€56,870€16,762▼ 70.5%
Equity and liabilities
Total equity and liabilities10/49€112,198€78,427€61,359▼ 21.8%
Equity10/15€25,244€19,559€13,199▼ 32.5%
Contributions10/11€10,000€10,000€10,000=
Outside capital11--€10,000-
Other1109/19--€10,000-
Profit (loss) carried forward14€15,244€9,559€3,199▼ 66.5%
Amounts payable17/49€86,954€58,868€48,160▼ 18.2%
Amounts payable within one year42/48€86,954€58,868€48,160▼ 18.2%
Financial debts43--€3,381-
Credit institutions430/8--€3,381-
Trade debts44€82,689€14,752€42,913▲ 191%
Suppliers440/4€82,689€14,752€42,913▲ 191%
Advances received on contracts in progress46-€39,175--
Taxes, remuneration and social security45€4,266€4,940€1,866▼ 62.2%
Taxes450/3€4,266€4,940€1,866▼ 62.2%
Line202120222023Change
Profit (loss) for the period9904€15,244-€5,684-€6,361▼ 11.9%
+ Depreciation and write-downs630€3,038€1,214€1,120▼ 7.7%
Operating cash flow (approximation)€18,282-€4,470-€5,240▼ 17.2%
Investment in fixed assets (approximation)-€0€0-
Change in cash-€3,249--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
18-06
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 17-04-2025
02-06
KBO administration Address struck
2024
02-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€6,361
Net result drops to -€6,361, the lowest in the series.
29-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Wommelgem · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
1.0 ha
Building footprint
2,289 m²
Volume, LiDAR
25,507 m³
Parcel 11052C0585/00T002, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
278 companies at this address See who is registered here
1 establishment unit
SOTO
Repair, maintenance and installation of machinery and equipment
since 20202.302.430.701
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11052C0585/00T002 Flanders 1.0 ha 1 · 2,288 m² 14.7 m · 4 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator ERIC VAN MEENSEL
PALEISSTRAAT 12-14, 2018 ANTWERPEN 1
17-04-2025 → present

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 10,278 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
Founded08-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43320Joinery installation
43331Floor and wall tiling
43410Roofing work
Contact
E-mail info.se@icloud.com
Phone 0485154110
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.