SOTRAPHAE
ActiveThe computed 12-month bankruptcy probability of SOTRAPHAE is 15.1% (high). The 2020 annual accounts show equity of €16k and a net result of €-3k. Equity is shrinking by ~13.7% per year across the filed fiscal years. The company has been active since 1999 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2020
Axes · tick = 2019
Profitability0=
Solvency89▼-11
Growth32=
Stability84
Bankruptcy probability, 12 months
15.1%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity ample (current ratio 1.82 against 2.08 in 2019), but 55% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 2020Solvency, return and age of the figures
Solvency
45%
Return on assets
-6.9%
Age of the figures
68 mo
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
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline13-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-08-2021, 30 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
30 d late
2019
89 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Late accounts filingUBO non-compliance
Financials · fiscal year 2020, micro schema
Equity
€16k▼ 13.3%
2019 · €19k
2018: €21k
2019: €19k
2018 → 2020
Total assets
€36k=
2019 · €36k
2018: €36k
2019: €36k
2018 → 2020
Net result
€-3k▲ 6.3%
2019 · €-3k
2018: €1k
2019: €-3k
2018 → 2020
Working capital
€16k▼ 13.3%
2019 · €19k
2018: €21k
2019: €19k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€21k-€19k▼ 12.4%€16k▼ 13.3%
Operating result€2k-€-2k€-3k▼ 45.4%
Net result€1k-€-3k€-3k▲ 6.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2020 against €2k in 2019; the loss grows and 2020 is the lowest year so far.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €36k
Equity
€16k▼ 13.3%
Debt
€20k▲ 14.5%
The debt ratio rises from 48.1% to 55.0%: debt grows while equity shrinks.
Key figures and ratios
Solvency
45.0%▼
2019 · 51.9%
Current ratio
1.82▼
2019 · 2.08
Quick ratio
0.00▲
2019 · 0.00
ROE
-15.3%▼
2019 · -14.2%
ROA
-6.9%▲
2019 · -7.4%
Debt
€20k▲
2019 · €17k
Debt ≤ 1 year
€20k▲
2019 · €17k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€36k€36k=
Fixed assets21/28€1-
Intangible fixed assets21€1-
Current assets29/58€36k€36k▲
Stocks and contracts in progress3€36k€36k=
Cash at bank and in hand54/58€2€21▲
Equity and liabilities
Total equity and liabilities10/49€36k€36k=
Equity10/15€19k€16k▼
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Profit (loss) carried forward14€5k€2k▼
Amounts payable17/49€17k€20k▲
Amounts payable within one year42/48€17k€20k▲
Income statement
Code20192020
Gross operating margin9900€-2k€-3k▼
Operating profit (loss)9901€-2k€-3k▼
Recurring financial charges65€948-
Profit (loss) for the period before taxes9903€-3k€-3k▲
Profit (loss) for the period9904€-3k€-3k▲
Profit (loss) for the period to be appropriated9905€-3k€-3k▲
Timeline · acts, filings and financial milestones
2026
03-04
KBO administration
Late accounts filing
20-02
KBO administration
UBO non-compliance
event 09-02-2026
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Weakest financial yearnet €-3k ▼342%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
10-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 436 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2014
11-03
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 954 days late
07-02
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 191 days late
07-02
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 556 days late
2010
25-09
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 56 days late
2009
29-07
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Ramillies · 1 establishment unit since 2000
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.
Rue Neuve 11367 RamilliesGround area
284 m²
Building footprint
74 m²
Volume, LiDAR
560 m³
Parcel 25002C0525/00K000, Wallonia · tallest building 8.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Neuve 1, 1367 Ramillies
since 20002.096.431.405
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25002C0525/00K000 | Wallonia | 284 m² | 1 · 74 m² | 8.7 m · 3 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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-12-1999
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.