Sotto's
ActiveSotto's has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €70k and a net result of €15k. Equity is growing by ~40% per year across the filed fiscal years. Its solvency ranks better than 23% of 2465 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-4
Solvency37▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 0.88 in 2023; short-term debt: 88.1% and cash: 10.7% of total assets), and 88.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← 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
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 2024Solvency, return and age of the figures
Solvency
11.9%
Return on assets
2.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 2465 sector peers (2024).
NBB · sector comparisonPosition among 2465 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-09-2025, 39 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
39 d late
2023
13 d late
2022
31 d late
2021
4 d late
2020
8 d early
2019
14 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€70k▲ 27.9%
2023 · €54k
2018: €15k
2019: €13k
2020: €314
2021: €5k
2022: €31k
2023: €54k
2018 → 2024
Total assets
€584k▲ 40.2%
2023 · €416k
2018: €22k
2019: €115k
2020: €126k
2021: €116k
2022: €464k
2023: €416k
2018 → 2024
Net result
€15k▼ 34.5%
2023 · €23k
2018: €-12k
2019: €-2k
2020: €-13k
2021: €5k
2022: €26k
2023: €23k
2018 → 2024
Working capital
€57k
2023 · €-44k
2018: €16k
2019: €13k
2020: €-969
2021: €-11k
2022: €-82k
2023: €-44k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€314-€5k▲ 1,435%€31k▲ 549%€54k▲ 74.2%€70k▲ 27.9%
Operating result€-13k-€-754▲ 94.3%€22k€22k▼ 1.6%€11k▼ 50.3%
Net result€-13k-€5k€26k▲ 487%€23k▼ 12.2%€15k▼ 34.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 50% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €584k
Fixed assets
€12k▼ 87.4%
Current assets
€572k▲ 79.8%
Equity and liabilities €584k
Equity
€70k▲ 27.9%
Debt
€514k▲ 42.1%
The debt ratio rises from 86.9% to 88.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▼
2023 · €47k
Cash flow
€21k▼
2023 · €48k
Solvency
11.9%▼
2023 · 13.1%
Current ratio
1.11▲
2023 · 0.88
Quick ratio
1.06▲
2023 · 0.82
Debt / equity
7.39▲
2023 · 6.65
ROE
21.8%▼
2023 · 42.6%
ROA
2.6%▼
2023 · 5.6%
Interest coverage
154.37▲
2023 · 18.92
Debt
€514k▲
2023 · €362k
Debt ≤ 1 year
€514k▲
2023 · €362k
Staff costs
€4k▼
2023 · €102k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€416k€584k▲
Fixed assets21/28€99k€12k▼
Tangible fixed assets22/27€99k€12k▼
Plant, machinery and equipment23€90k€7k▼
Furniture and vehicles24€9k€6k▼
Current assets29/58€318k€572k▲
Stocks and contracts in progress3€23k€25k▲
Stocks30/36€23k€25k▲
Amounts receivable within one year40/41€135k€481k▲
Trade receivables40€108k€131k▲
Other amounts receivable41€28k€350k▲
Current investments50/53€3k€3k=
Cash at bank and in hand54/58€151k€63k▼
Deferred charges and accrued income490/1€6k€0▼
Equity and liabilities
Total equity and liabilities10/49€416k€584k▲
Equity10/15€54k€70k▲
Contributions10/11€12k€12k=
Reserves13€16k€16k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Tax-exempt reserves132€15k€15k=
Distributable reserves133-€2k
Profit (loss) carried forward14€26k€41k▲
Amounts payable17/49€362k€514k▲
Amounts payable within one year42/48€362k€514k▲
Trade debts44€360k€348k▼
Suppliers440/4€360k€348k▼
Advances received on contracts in progress46€1k€167k▲
Taxes, remuneration and social security45€323€0▼
Taxes450/3€0-
Remuneration and social security454/9€323€0▼
Accrued charges and deferred income492/3€300€0▼
Income statement
Code20232024
Non-recurring operating income76A-€19k
Remuneration, social security and pensions62€102k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€5k▼
Other operating charges640/8€12k€8k▼
Gross operating margin9900€162k€28k▼
Operating profit (loss)9901€22k€11k▼
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€2k€106▼
Recurring financial charges65€2k€106▼
Profit (loss) for the period before taxes9903€23k€15k▼
Profit (loss) for the period9904€23k€15k▼
Profit (loss) for the period to be appropriated9905€23k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€41k▲
Profit (loss) brought forward from the previous period14P€2k€26k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €26k ▲487%
Operating result €22k, net result €26k, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after 3 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zottegem · 1 establishment unit since 1988
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.
Ter Kameren 49620 ZottegemGround area
4,140 m²
Building footprint
1,755 m²
Parcel 41035A0126/00S002, Flanders. Linked by address, not a title deed.
1 establishment unit
Sotto's
since 19882.041.478.529
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41035A0126/00S002 | Flanders | 4,140 m² | 1 · 1,755 m² | - |
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
2022 · 1 entry · 29,250 EUR awarded · 29,250 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 29,250 EUR | 29,250 EUR |
Schemes
Vlaams Beschermingsmechanisme 11 (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteZottegem2.041.478.529
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Z!
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Of 3,526 companies in sector 90391 we hold annual accounts for 680. 528 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-1988
Fiscal year end31-12
Activities, NACEBEL
90021Arts creation and performing arts activities
90391Promotion and organisation of arts and performing arts events
56210Event catering
56302Nightclubs
90393Specialised image, lighting and sound technical services
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.