SOUDAWELD
ActiveSOUDAWELD has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €307k and a net result of €55k. Equity is growing by ~33.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 2027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-15
Solvency74▼-26
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 4.92 in 2024; short-term debt: 35% and cash: 4.7% of total assets), but 51.3% 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 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
48.7%
Return on assets
8.7%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
26 d late
2024
14 d early
2023
13 d early
2022
39 d early
2021
17 d early
2020
31 d early
2019
14 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€307k▲ 21.8%
2024 · €252k
2019: €45k
2020: €80k
2021: €114k
2022: €160k
2023: €187k
2024: €252k
2019 → 2025
Total assets
€630k▲ 105%
2024 · €307k
2019: €80k
2020: €173k
2021: €217k
2022: €269k
2023: €395k
2024: €307k
2019 → 2025
Net result
€55k▼ 16.2%
2024 · €66k
2019: €33k
2020: €35k
2021: €34k
2022: €40k
2023: €27k
2024: €66k
2019 → 2025
Working capital
€208k▼ 0.1%
2024 · €208k
2019: €36k
2020: €34k
2021: €58k
2022: €105k
2023: €125k
2024: €208k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€114k-€160k▲ 40.1%€187k▲ 16.6%€252k▲ 35.1%€307k▲ 21.8%
Operating result€45k-€54k▲ 19.1%€39k▼ 27.5%€88k▲ 125%€74k▼ 15.6%
Net result€34k-€40k▲ 15.6%€27k▼ 32.8%€66k▲ 146%€55k▼ 16.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €630k
Fixed assets
€202k▲ 338%
Current assets
€428k▲ 64.1%
Equity and liabilities €630k
Equity
€307k▲ 21.8%
Debt
€323k▲ 488%
The debt ratio rises from 17.9% to 51.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€96k▼
2024 · €118k
Cash flow
€76k▼
2024 · €95k
Solvency
48.7%▼
2024 · 82.1%
Current ratio
1.94▼
2024 · 4.92
Quick ratio
1.70▼
2024 · 3.89
Debt / equity
1.05▲
2024 · 0.22
ROE
17.9%▼
2024 · 26.0%
ROA
8.7%▼
2024 · 21.3%
Interest coverage
23.58▼
2024 · 34.28
Debt
€323k▲
2024 · €55k
Debt ≤ 1 year
€220k▲
2024 · €53k
Debt > 1 year
€102k
Income taxes
€17k▼
2024 · €20k
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€307k€630k▲
Fixed assets21/28€46k€202k▲
Tangible fixed assets22/27€46k€27k▼
Plant, machinery and equipment23€40k€26k▼
Furniture and vehicles24€6k€551▼
Financial fixed assets28€70€175k▲
Current assets29/58€261k€428k▲
Stocks and contracts in progress3€55k€54k▼
Stocks30/36€55k€54k▼
Amounts receivable within one year40/41€66k€249k▲
Trade receivables40€60k€242k▲
Other amounts receivable41€6k€6k▲
Current investments50/53€120k€96k▼
Cash at bank and in hand54/58€16k€29k▲
Deferred charges and accrued income490/1€4k€388▼
Equity and liabilities
Total equity and liabilities10/49€307k€630k▲
Equity10/15€252k€307k▲
Contributions10/11€19k€19k=
Reserves13€234k€288k▲
Distributable reserves133€234k€288k▲
Amounts payable17/49€55k€323k▲
Amounts payable after more than one year17-€102k
Financial debts170/4-€102k
Amounts payable within one year42/48€53k€220k▲
Current portion of amounts payable after more than one year42€0€29k▲
Financial debts43€5k€5k=
Credit institutions430/8€5k€5k=
Trade debts44€38k€156k▲
Suppliers440/4€38k€156k▲
Taxes, remuneration and social security45€3k€30k▲
Taxes450/3€3k€30k▲
Other amounts payable47/48€7k€617▼
Accrued charges and deferred income492/3€2k€147▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€21k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€120k€97k▼
Operating profit (loss)9901€88k€74k▼
Financial income75/76B€564€1k▲
Recurring financial income75€564€1k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€85k€71k▼
Income taxes67/77€20k€17k▼
Profit (loss) for the period9904€66k€55k▼
Profit (loss) for the period to be appropriated9905€66k€55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€66k€55k▼
Transfer to equity691/2€66k€55k▼
To other reserves6921€66k€55k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €66k ▲146%
Operating result €88k, net result €66k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.92
Current ratio from 1.60 to 4.92; short-term debt falls from €206k to €53k.
31-12
Financial
Equity above €200kEq €252k ▲35.1%
6 profitable years in a row build equity to €252k.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €27k ▼32.8%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €160k ▲40.1%
4 profitable years in a row build equity to €160k.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €114k ▲42.8%
3 profitable years in a row build equity to €114k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Gent · 1 establishment unit since 2019
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.
Patijntjestraat 839000 GentGround area
352 m²
Building footprint
80 m²
Volume, LiDAR
658 m³
Parcel 44809I0244/00L005, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SOUDAWELD
since 20192.284.344.555
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0244/00L005 | Flanders | 352 m² | 1 · 80 m² | 10.5 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.
Similar companies · same sector, comparable size
MOBILO
BE 0862.468.570
Balen · Eq €309k
Jeugdacademie Yellow Red K.V. Mechelen
BE 0875.123.607
Mechelen · Eq €304k
Dokter Kris Demanet
BE 0871.846.886
Torhout · Eq €310k
Eduss
BE 0738.629.957
Mouscron · Eq €304k
Chainsource
BE 0750.531.560
Gent · Eq €310k
Of 11,668 companies in sector 85599 we hold annual accounts for 1,329. 843 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-01-2019
Fiscal year end31-12
Activities, NACEBEL
85599Other education
25530Machining of metals
45401
46730Wholesale trade
64200Holdings
64210Activities of holding companies
71209Other technical testing and analysis
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.