Equity
€3.5m ▲ 92.9%
SOULCO has made a profit in every financial year since 2007.
SOULCO
Lifetime
18 annual accounts with figures on one time axisBalance sheet totalpeak €11.1m (2025)
€11.1m▲ 34.3%
Resultpeak €2.4m (2024)
€1.7m▼ 30.5%
Equitypeak €3.5m (2025)
€3.5m▲ 92.9%
Debts
€7.6m▲ 17.8%
Staffpeak 2.8 FTE (2015)
-not published
Board13 names since 2022all names
4 directorsINECO and 3 others
Owners6 names in the annual accounts
Documentsfilings and deeds
22-04-20268 days before the deadline
2025financial year
Turnover from €2.8m to €427,640Result from €2.4m to €1.7mEquity from €1.8m to €3.5mDebts from €6.4m to €7.6m
Key points
from the 2025 annual accountsTurnover
€427,640 ▼ 84.6%
Turnover fell in 2025 from €2.8m to €427,640.
Payment terms
115 days to suppliers
SOULCO pays its suppliers 97 days later than in 2024. Customers pay 6,037 days later.
Checked score
94
Excellent
Financially stronger than 50% of medium-sized companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 221 companies (NACE 82, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025highest value
07-2025: < 0.1%▼ -0.3 percentage points vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
1 of the last 3 accounts late
lowers risk
Size: turnover €427,640, total assets €11.1m
Figures for financial year 2025 (filed on 09-03-2026)
Liquidity: current ratio 1.32, cash €2.2m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, medium-sized). It does better than 41% of them on solvency, 30% on liquidity, 80% on profitability and 48% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,579 companies had the same profile as SOULCO has now. Each dot stands for 4 companies, two years later.
96.7%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of SOULCO itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,579 companies, not a prediction for SOULCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.32 (1.11 in 2024), below the usual 1.5. Short-term debt is 68.4% and cash 19.8% of total assets. 68.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 22-04-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 days early
2024
54 days late
2023
50 days early
2022
41 days early
2021
37 days early
2020
45 days early
2019
52 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 24 March (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end05-11-2026 today30-04-2027 deadline
Board and ownership
BB
Bre-Breau BV
Director, since 23-01-2023
I
INECO
Director, COERTJENS Ine, since 23-01-2023
K
KRILIANSA
Director, VERSPECHT Kris, since 23-01-2023
CP
Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren B.V.C.V.
Auditor, Philip Callens
- LEGADEMA INTERNATIONAL 37.5%score 96equity €2.1m (2025) · 2023 annual accounts of LEGADEMA INTERNATIONAL
Shares in 4 companies, including Soulco Pakistan and Soulco Engineering Solutions
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0880949446
2 directors appointed
Bre-Beau BV (chair) and Legadema International BV (managing director) · Permanent representatives: Nico CRAS and Jan DE KEUSTER · Board meeting of 23-01-2023 · Gazette deed
Reappointment: Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren B.V.C.V. (statutory auditor)
Permanent representative: Philip Callens · General meeting of 20-02-2023 · Gazette deed
Capital increase of €600.33 to €1,009,809.38
Capital from €1,009,209.05 to €1,009,809.38, 1 new share · Resignations: LRM BEHEER, MARIGO, ACE SERVICES, RUJO CONSULTING & TRADING, BRE-BEAU and CHUWINDAJI · Permanent representatives: AERTS Tom, VERMEIREN Johan, DE WACHTER Jean-Paul, VERBEKE Antoine, CRAS Nico, DE KEUSTER Jan and 2 others · General meeting of 23-01-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| SOULCO Beringen | €427,640 | - | 31.6% | - |
| DAUM INVEST Londerzeel | €431,953 | 26.8% | 99.7% | - |
| COOPERATIVE POUR LES ENERGIES DU FUTUR Leuze-en-Hainaut | €277,927 | - | 86.7% | 6.8 |
| Commerce 123 Watermael-Boitsfort | €719,475 | 1.7% | 33.0% | - |
| R&R CONSULT Ardooie | €473,877 | 35.0% | 40.9% | - |
| Budgetslager Holding Wommelgem | €255,000 | 5.1% | 45.8% | 2 |
| ANDERLECHT MOULART Anderlecht | €491,876 | -50.3% | 48.2% | 5.5 |
These companies have the same main activity as SOULCO: other business support services (NACE 82990). They are comparable in size and age: total assets between €7.7m and €12m, founded between 2005 and 2010.
Official details
Source: KBO- Status
- Active since 26-04-2006Normal situation
- Activity
- Other business support servicesNACE 82990and 3 others
- Establishment unit
- 2.154.394.5463583 Beringen, since 12-06-2006
- Financial year end
- 30 September
- Peppol
- Reachable since 12-11-2025
Annual accounts to 30-09-2025
- Operating revenue
- €5.4m▼ 32.6%
- Total assets
- €11.1m▲ 34.3%
- Filing
- Filed on 22-04-2026, 8 days before the end of the filing period
Insights on SOULCO
SOULCO has existed since 2006. In 2008 the balance sheet total rose from €31,113 to €4.2m.
Solvency rose in 2025 from 22.0% to 31.6% because of the retained profit.
In February 2023, six directors stepped down. In April 2023, the Official Gazette published the appointment of LEGADEMA INTERNATIONAL as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SOULCO
- What is the company number of SOULCO?
- The company number of SOULCO is 0880.949.446. The VAT number is the same number with BE in front: BE 0880.949.446.
- Where is SOULCO based?
- The registered office is at Industrieweg 83, 3583 Beringen.Company details
- What does SOULCO do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of SOULCO?
- SOULCO is a public limited company (NV).
- When was SOULCO founded?
- SOULCO was founded on 26-04-2006.
- Is SOULCO still active?
- Yes, SOULCO is an active enterprise in the KBO register.
- How many employees does SOULCO have?
- SOULCO had an average of 0.5 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of SOULCO?
- The turnover of SOULCO was €427,640 in financial year 2025, according to the filed annual accounts.
- Is SOULCO profitable?
- In financial year 2025, SOULCO made a profit of €1.7m.
- Where can I find the annual accounts of SOULCO?
- SOULCO filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOULCO due?
- SOULCO must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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