Turnover
€599,451 ▼ 55.3%
Turnover fell in 2014 from €1.3m to €599,451.
SOULCO PROJECTS
Overview
Lifetime
6 annual accounts with figures on one time axisTurnoverpeak €1.3m (2013)
€599,451▼ 55.3%
Resultlowest -€502,590 (2011)
€122,119▼ 65.4%
Equitypeak €833,141 (2014)
€833,141▲ 17.2%
Debts
€5.2m▼ 78.5%
Staffpeak 4 FTE (2010)
3.6 FTE▲ 33.3%
Owners2 names in the annual accounts
68%SOULCO
Documentsfilings and deeds
18-03-2015filed
2014financial year
Turnover from €1.3m to €599,451Result from €353,038 to €122,119Staff from 2.7 FTE to 3.6 FTEEquity from €711,021 to €833,141Debts from €24.3m to €5.2mCash from €3.3m to €5.3m
Key points
from the 2014 annual accounts, the last ones filedDebts
€5.2m 86% of the balance sheet
After one year 0%Within one year 100%
Of this, €5.2m falls due within a year.
Payment terms
401 days from customers
Customers pay 697 days earlier.
No score
Board and ownership
- Soulco Holding NV consolidatesscore 94equity €3.5m (2025) · annual accounts 30-09-2014
Recent changes
Deed on restructuring and the end
Gazette deed
Incorporation
14 publications in the Belgian Official Gazette, the last on 23-03-2015 · Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 16-09-2008 · last publication under the heading End on 23-03-2015
- Activity
- No activity registered in the KBO
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Annual accounts to 30-09-2014
- Turnover
- €599,451▼ 55.3%
- Profit
- €122,119▼ 65.4%
- Equity
- €833,141▲ 17.2%
- Total assets
- €6.0m▼ 75.8%
- Staff
- 3.6 FTE▲ 33.3%
- Filing
- Filed on 18-03-2015
Insights on SOULCO PROJECTS
Inactive. The last annual accounts are for financial year 2014.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2014
full format, filed on 18-03-2015, 43 days before the deadlineOperating income
€4.8m
▼ 12.5%
Operating result
€205,742
▼ 67.3%
EBITDA
€212,811
▼ 66.5%
Cash flow
€129,188
▼ 64.0%
Solvency
13.8%
▲ 10.9 percentage points
Current ratio
1.15
▲ 0.12
Money flows
turnover is 12.3% of income in 2014Balance sheet
balance sheet total €6.0m on 30-09-2014What the company ownsHow it is paid for
Change in equityin euro
Change in cashin €m
Staff
Men and women72% women
1 man and 2.6 women in full-time equivalents in 2014.
Staff cost per FTE€87,863
Staff costs divided by the average number of full-time equivalents.
Joined and left+0
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
Total assets20/58 |
6.0m | 25.0m | 20.0m | 4.4m | 1.6m | 1.8m | |
Fixed assets21/28 |
71,137 | 73,150 | 205,318 | 390,080 | 81,869 | 73,657 | |
Tangible fixed assets22/27 |
18,333 | 23,000 | 28,789 | 13,551 | 44,719 | 73,507 | |
Plant, machinery and equipment23 |
8,488 | - | - | - | 42,241 | 70,791 | |
Furniture and vehicles24 |
9,845 | 13,178 | 16,512 | - | 2,478 | 2,717 | |
Other tangible fixed assets26 |
- | 9,822 | 12,277 | 13,551 | - | - | |
Financial fixed assets28 |
52,804 | 50,150 | 176,529 | 376,529 | 37,150 | 150 | |
Other financial fixed assets284/8 |
52,804 | 50,150 | 176,529 | - | - | - | |
Amounts receivable and cash guarantees285/8 |
52,804 | 50,150 | 176,529 | - | - | - | |
Current assets29/58 |
6.0m | 24.9m | 19.8m | 4.0m | 1.5m | 1.8m | |
Stocks and contracts in progress3 |
- | 17.3m | 13.3m | 1.5m | - | 45,702 | |
Contracts in progress37 |
- | 17.3m | 13.3m | 1.5m | - | 45,702 | |
Amounts receivable within one year40/41 |
657,822 | 4.0m | 901,232 | 1.0m | 628,427 | 623,854 | |
Trade receivables40 |
544,870 | 3.6m | 695,137 | 956,599 | 581,927 | 144,940 | |
Other amounts receivable41 |
112,952 | 417,006 | 206,095 | 61,512 | 46,500 | 478,914 | |
Current investments50/53 |
- | 250,000 | - | - | - | - | |
Other investments51/53 |
- | 250,000 | - | - | - | - | |
Cash at bank and in hand54/58 |
5.3m | 3.3m | 5.6m | 1.4m | 867,038 | 1.1m | |
Deferred charges and accrued income490/1 |
3,987 | 10,981 | 5,943 | 13,257 | 14,157 | 12,562 | |
| Balance sheet: equity and liabilities | |||||||
Total equity and liabilities10/49 |
6.0m | 25.0m | 20.0m | 4.4m | 1.6m | 1.8m | |
Equity10/15 |
833,141 | 711,021 | 757,984 | 175,685 | 555,468 | 304,503 | |
Contributions10/11 |
672,808 | 672,808 | 672,808 | 672,808 | 550,000 | 300,000 | |
Issued capital100 |
672,808 | 672,808 | 672,808 | 672,808 | 550,000 | 500,000 | |
Uncalled capital101 |
- | - | - | - | - | 200,000 | |
Reserves13 |
160,333 | 38,213 | 85,176 | 5,468 | 5,468 | 4,503 | |
Legal reserve130 |
28,180 | 21,980 | 4,280 | 280 | 280 | 230 | |
Distributable reserves133 |
132,153 | 16,233 | 80,896 | 5,188 | 5,188 | 4,273 | |
Profit (loss) carried forward14 |
- | - | - | -502,590 | - | - | |
Provisions and deferred taxes16 |
- | - | 6,595 | 103,873 | 518,079 | - | |
Provisions for liabilities and charges160/5 |
- | - | 6,595 | 103,873 | 518,079 | - | |
Other liabilities and charges164/5 |
- | - | 6,595 | - | - | - | |
Amounts payable17/49 |
5.2m | 24.3m | 19.2m | 4.1m | 517,945 | 1.5m | |
Amounts payable within one year42/48 |
5.2m | 24.3m | 19.2m | 4.1m | 515,945 | 1.5m | |
Financial debts43 |
- | - | - | 450,000 | - | - | |
Other loans439 |
- | - | - | 450,000 | - | - | |
Trade debts44 |
867,763 | 1.9m | 3.3m | 1.5m | 407,781 | 1.5m | |
Suppliers440/4 |
867,763 | 1.9m | 3.3m | 1.5m | 407,781 | 1.5m | |
Advances received on contracts in progress46 |
4.2m | 21.7m | 15.8m | 2.1m | - | - | |
Taxes, remuneration and social security45 |
125,442 | 213,948 | 67,306 | 62,654 | 108,164 | 43,991 | |
Taxes450/3 |
65,013 | 181,520 | 48,377 | 575 | 56,384 | 1,027 | |
Remuneration and social security454/9 |
60,429 | 32,428 | 18,929 | 62,079 | 51,780 | 42,964 | |
Other amounts payable47/48 |
- | 409,695 | - | - | - | - | |
Accrued charges and deferred income492/3 |
6,500 | 8,520 | 9,479 | 21,070 | 2,000 | - | |
| Income statement | |||||||
Operating income70/76A |
4.8m | 5.5m | 12.6m | - | - | - | |
Turnover70 |
599,451 | 1.3m | 773,644 | - | - | - | |
Change in stocks of work in progress, finished goods and contracts in progress71 |
4.1m | 4.0m | 11.7m | - | - | - | |
Gross operating margin9900 |
- | - | - | -165,874 | 879,767 | 399,145 | |
Operating charges60/66A |
4.6m | 4.9m | 11.8m | - | - | - | |
Goods for resale, raw materials and consumables60 |
2.6m | 2.2m | 8.8m | - | - | - | |
Purchases600/8 |
2.6m | 2.2m | 8.8m | - | - | - | |
Services and other goods61 |
1.7m | 2.5m | 2.8m | - | - | - | |
Remuneration, social security and pensions62 |
316,308 | 256,491 | 270,105 | 407,798 | 305,628 | 347,872 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
7,068 | 5,789 | 3,179 | 3,388 | 38,169 | 35,116 | |
Provisions for liabilities and charges: additions (uses and reversals)635/8 |
- | -6,595 | -97,278 | -124,236 | 518,079 | - | |
Other operating charges640/8 |
24,384 | 1,557 | 2,498 | 2,789 | 1,617 | 1,566 | |
Non-recurring operating charges66A |
9,822 | - | - | - | - | - | |
Operating profit (loss)9901 |
205,742 | 630,089 | 772,509 | -455,613 | 16,274 | 14,592 | |
Financial income75/76B |
79,178 | 53,375 | 15,406 | 10,699 | 4,320 | 2,356 | |
Recurring financial income75 |
79,178 | 53,375 | 15,406 | 10,699 | 4,320 | 2,356 | |
Income from financial fixed assets750 |
19,556 | 38,797 | 2,224 | - | - | - | |
Income from current assets751 |
7,381 | 12,085 | - | - | - | - | |
Other financial income752/9 |
52,241 | 2,493 | 13,182 | - | - | - | |
Financial charges65/66B |
87,389 | 139,740 | 155,458 | 57,677 | 17,911 | 11,923 | |
Recurring financial charges65 |
87,389 | 139,740 | 155,458 | 57,677 | 17,911 | 11,923 | |
Debt charges650 |
2,854 | 2,127 | 42,241 | - | - | - | |
Other financial charges652/9 |
84,535 | 137,613 | 113,217 | - | - | - | |
Profit (loss) for the period before taxes9903 |
187,709 | 543,724 | 632,457 | -502,590 | 2,683 | 5,024 | |
Income taxes67/77 |
65,590 | 190,687 | 50,159 | - | 1,718 | 522 | |
Taxes670/3 |
65,590 | 190,687 | 50,159 | - | - | - | |
Profit (loss) for the period9904 |
122,119 | 353,038 | 582,299 | -502,590 | 965 | 4,503 | |
Profit (loss) for the period to be appropriated9905 |
122,119 | 353,038 | 582,299 | -502,590 | 965 | 4,503 | |
| Appropriation of the result | |||||||
Profit (loss) to be appropriated9906 |
122,119 | 353,038 | 79,708 | -502,590 | 965 | 4,503 | |
Transfer from equity791/2 |
- | 64,662 | - | - | - | - | |
From reserves792 |
- | 64,662 | - | - | - | - | |
Transfer to equity691/2 |
122,119 | 17,700 | 79,708 | - | 965 | 4,503 | |
To the legal reserve6920 |
6,200 | 17,700 | 4,000 | - | 50 | 230 | |
To other reserves6921 |
115,919 | - | 75,708 | - | 915 | 4,273 | |
Profit to be distributed694/7 |
- | 400,000 | - | - | - | - | |
Return on contributions (dividend)694 |
- | 400,000 | - | - | - | - | |
| Social balance sheet | |||||||
Average staff (FTE)9087 |
3.6 | 2.7 | 3.4 | 3.9 | 4 | 3.9 | |
Men (FTE)1003 |
1 | 1.2 | - | - | - | - | |
Women (FTE)1003 |
2.6 | 1.5 | - | - | - | - | |
Agency workers1501 |
- | 0.5 | 1.2 | - | - | - | |
Hours worked1013 |
4,852 | 3,200 | 4,800 | 6,856 | 7,104 | 6,856 | |
| Document | |||||||
Source: Annual accounts 2014 (PDF), filed on 18-03-2015.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2014 | full format | 18-03-2015 | 2015-06600363 | |
| 30-09-2013 | full format | 18-03-2014 | 2014-06800114 | |
| 30-09-2012 | full format | 14-03-2013 | 2013-06500377 | |
| 30-09-2011 | abbreviated format | 27-03-2012 | 2012-07400426 | |
| 30-09-2010 | abbreviated format | 04-03-2011 | 2011-05200269 | |
| 30-09-2009 | abbreviated format | 26-02-2010 | 2010-05500592 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|
| EBITDA | 212,811 | 635,878 | 775,688 | -452,225 | 54,443 | 49,707 | |
| Cash flow | 129,188 | 358,826 | 585,477 | -499,203 | 39,134 | 39,618 | |
| Investment in fixed assets (approximation) | 12,223 | -126,379 | 18,416 | 356,318 | 46,380 | 108,773 | |
| Change in cash | 2.0m | -2.3m | 4.2m | 574,721 | -208,420 | - | |
| Working capital | 768,504 | 646,392 | 568,740 | -89,452 | 993,677 | 230,845 | |
| EBIT margin | 34.3% | 47.0% | 99.9% | - | - | - | |
| Solvency | 13.8% | 2.8% | 3.8% | 4.0% | 34.9% | 16.6% | |
| Current ratio | 1.15 | 1.03 | 1.03 | 0.98 | 2.93 | 1.15 | |
| Quick ratio | 1.15 | 0.31 | 0.34 | 0.60 | 2.93 | 1.12 | |
| Debt to equity | 6.26 | 34.14 | 25.39 | 23.48 | 0.93 | 5.01 | |
| ROE | 14.7% | 49.7% | 76.8% | -286.1% | 0.2% | 1.5% | |
| ROA | 2.0% | 1.4% | 2.9% | -11.4% | 0.1% | 0.2% | |
| Interest coverage | 74.56 | over 100 | 18.36 | - | - | - | |
| Customer credit | 332 days | 984 days | 328 days | - | - | - | |
| Supplier credit | 74 days | 152 days | 105 days | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on SOULCO PROJECTS
The operating result for 2014 is 67% lower than in 2013 and the lowest since 2011. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 97.2% to 86.2%. Equity is higher and debt is lower.
Board & ownership
Control
Consolidating parent
Equity €3.5m
Profit €1.7m in 2025 (profit €2.4m in 2024)
Checked score 94
consolidates
This company
SOULCO PROJECTS
Equity €833,141
Profit €122,119 in 2014
Capital
- Capital
- €672,808
- Source
- 2014 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- SOULCO
- LEGADEMA INTERNATIONAL
Source: lists of holdings in the owners' accounts
Network & group
Parent
Soulco Holding NV
Checked score 940880.949.446 · equity €3.5m · profit €1.7m (2025)
Connections & network
The network starts from the shareholders of SOULCO PROJECTS. Every company they also own or run is a node.
This company
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Director
Shareholding
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Timeline
Timeline
12 events since 2008Filings
Financial
End
2008201020122014201620182020202220242026
2015
Deed on restructuring and the end PDF
Annual accounts 2014 filed PDFfull format · 43 days before the deadline
2014
Annual accounts 2013 filed PDFfull format · 43 days before the deadline
2013
Annual accounts 2012 filed PDFfull format · 47 days before the deadline
2012
Back to profit net €582,299 The net result is €582,299, after one loss-making year.
Annual accounts 2011 filed PDFabbreviated format · 34 days before the deadline
2011
Weakest financial year net -€502,590 The net result drops to -€502,590, the lowest from 2009 to 2014.
Annual accounts 2010 filed PDFabbreviated format · 57 days before the deadline
2010
Liquidity more than doubled current ratio 2.93 The current ratio rises from 1.15 to 2.93. Short-term debt falls from €1.5m to €515,945.
Equity above €500,000 equity €555,468 ▲82.4% With a profit in every financial year since 2009, equity grows to €555,468.
Annual accounts 2009 filed PDFabbreviated format · 63 days before the deadline
2008
Incorporation PDF14 publications in the Belgian Official Gazette, the last on 23-03-2015
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Inactive
SOULCO PROJECTS is no longer in the KBO register.
- Last annual accounts
- financial year to 30 September 2014
- Last registered office
- Industriezone 83, Industriezone Ravenshout 8026, 3583 Paalas published on 23 March 2015
- Legal form
- Public limited company
- First annual accounts
- financial year 2009