SoulFactory
ActiveSummary
SoulFactory has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-6k) and a net result of €7k. Equity is shrinking by ~41.1% per year across the filed fiscal years. Its solvency ranks better than 13% of 1991 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+82
Solvency8▲+8
Growth58▲+15
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 3.39 against 4.05 in 2024; short-term debt: 26.6% and cash: 34.7% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Five 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 →
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 2025Solvency, return and age of the figures
Solvency
-16.8%
Return on assets
21.7%
Age of the figures
9 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 1991 sector peers (2025).
NBB · sector comparisonPosition among 1991 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
57 d late
2023
58 d late
2022
3 d early
2021
33 d early
2020
2 d early
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€136k▼ 1.1%
2024 · €138k
2018: €80k
2019: €92k
2020: €86k
2021: €119k
2022: €98k
2023: €97k
2024: €138k
2018 → 2025
EBIT margin
7.3%▲ 16.2pp
2024 · -8.9%
2018: 18.5%
2019: 9.6%
2020: 9.0%
2021: -11.8%
2022: 2.1%
2023: -20.7%
2024: -8.9%
2018 → 2025
Net result
€7k
2024 · €-15k
2018: €5k
2019: €8k
2020: €196
2021: €-19k
2022: €-485
2023: €-23k
2024: €-15k
2018 → 2025
Working capital
€22k▲ 347%
2024 · €5k
2018: €41k
2019: €50k
2020: €38k
2021: €13k
2022: €9k
2023: €7k
2024: €5k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€119k-€98k▼ 17.9%€97k▼ 0.7%€138k▲ 42.2%€136k▼ 1.1%
Equity€26k-€25k▼ 1.9%€2k▼ 91.9%€-13k€-6k▲ 56.4%
Operating result€-14k-€2k€-20k€-12k▲ 38.7%€10k
Net result€-19k-€-485▲ 97.5%€-23k▼ 4,649%€-15k▲ 34.6%€7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €10k after a loss of €12k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34k
Fixed assets
€3k ▼ 45.5%
Current assets
€31k ▲ 377%
Key figures and ratios
EBITDA
€14k▲
2024 · €-6k
Cash flow
€11k▲
2024 · €-9k
Solvency
-16.8%▲
2024 · -104.0%
Current ratio
3.39▼
2024 · 4.05
Quick ratio
2.80▲
2024 · 2.54
Debt to equity
-6.96▼
2024 · -1.96
ROA
21.7%▲
2024 · -120.1%
Interest coverage
5.93▲
2024 · -2.48
Debt
€40k▲
2024 · €26k
Debt ≤ 1 year
€9k▲
2024 · €2k
Debt > 1 year
€24k=
2024 · €24k
Income taxes
€280▲
2024 · €211
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€13k€34k▲
Fixed assets21/28€6k€3k▼
Tangible fixed assets22/27€6k€3k▼
Plant, machinery and equipment23€6k€3k▼
Current assets29/58€6k€31k▲
Stocks and contracts in progress3€2k€5k▲
Stocks30/36€2k€5k▲
Amounts receivable within one year40/41€150€9k▲
Trade receivables40-€8k
Other amounts receivable41€150€724▲
Cash at bank and in hand54/58€3k€12k▲
Deferred charges and accrued income490/1€894€5k▲
Equity and liabilities
Total equity and liabilities10/49€13k€34k▲
Equity10/15€-13k€-6k▲
Reserves13€16k€16k=
Non-distributable reserves130/1€8k€8k=
Other1319€8k€8k=
Tax-exempt reserves132€36€36=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€-29k€-22k▲
Amounts payable17/49€26k€40k▲
Amounts payable after more than one year17€24k€24k=
Other amounts payable178/9€24k€24k=
Amounts payable within one year42/48€2k€9k▲
Trade debts44€655€6k▲
Suppliers440/4€655€6k▲
Taxes, remuneration and social security45€927€3k▲
Taxes450/3€927€1k▲
Remuneration and social security454/9-€1k
Accrued charges and deferred income492/3-€7k
Income statement
Code20242025
Turnover70€138k€136k▼
Goods, raw materials, services and sundry goods60/61€141k€121k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€4k▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€-3k€15k▲
Operating profit (loss)9901€-12k€10k▲
Financial income75/76B€7€10▲
Recurring financial income75€7€10▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-15k€8k▲
Income taxes67/77€211€280▲
Profit (loss) for the period9904€-15k€7k▲
Profit (loss) for the period to be appropriated9905€-15k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-29k€-22k▲
Profit (loss) brought forward from the previous period14P€-14k€-29k▼
The notes to these accounts (4 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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after 4 loss-making years.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 4.82
Current ratio from 2.21 to 4.82; short-term debt falls from €8k to €2k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
31-12
Financial
Highest result since 2018net €8k ▲46.4%
Net result €8k, the highest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Antwerpen · 1 establishment unit since 2010
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.
Valaarstraat 1312610 AntwerpenGround area
584 m²
Building footprint
227 m²
Volume, LiDAR
2,709 m³
2 parcels, Flanders · tallest building 19.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SoulFactory
since 20102.188.165.293
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1915/00C004 | Flanders | 358 m² | 1 · 136 m² | 19.8 m · 5 fl. |
| 11462A0106/00N004 | Flanders | 226 m² | 1 · 91 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2024 to 2025 · 2 entries · 5,400 EUR awarded · 5,400 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,900 EUR | 2,900 EUR |
| 2024 | 1 | 2,500 EUR | 2,500 EUR |
Schemes
Professionele kunsten: Tussenkomst in de kosten voor deelname aan een internationaal presentatiemoment (Kunstendecreet 2021)
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Of 8,302 companies in sector 90201 we hold annual accounts for 602. 135 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
58110Book publishing
59203Motion picture, video and television programme production, sound recording and music publishing activities
73120Media representation
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.soulfactory.be
E-mail:contact@soulfactory.be