Souterrain
Annual accounts 2025
abbreviated format, filed on 29-07-2026, 2 days before the deadline€761,894
€201,455
▲ €496,896
€722,185
▲ 158%
€566,102
▲ 250%
18.9%
▼ 2.5 percentage points
51.16
▲ 5.07
Money flows
of every €100 of turnover, €5.96 remains as profit in 2025Balance sheet
balance sheet total €20.7m on 31-12-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
18.9%
Higher than 38% of 11,299 companies in 2025.
51.16
Higher than 95% of 10,851 companies in 2025.
0.2%
Higher than 42% of 11,184 companies in 2025.
Souterrain
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
20.7m | 18.0m | 16.3m | 16.0m | 10.5m | 1.6m | 1.5m | 1.3m | |
21/28 |
19.6m | 16.9m | 12.5m | 11.2m | 5.9m | 1.4m | 1.5m | 1.2m | |
21 |
172 | 644 | 1,116 | 1,588 | 2,060 | - | - | - | |
22/27 |
17.1m | 16.6m | 12.2m | 10.9m | 5.9m | 1.4m | 1.5m | 1.2m | |
22 |
15.0m | 15.4m | 10.4m | 8.8m | 5.5m | 1.4m | 1.4m | 1.1m | |
23 |
4,009 | - | - | - | - | - | - | - | |
24 |
53,521 | 63,415 | 71,141 | 73,796 | 6,402 | 7,552 | 8,702 | 9,852 | |
27 |
2.0m | 1.1m | 1.7m | 1.9m | 397,048 | - | - | - | |
28 |
2.5m | 301,755 | 300,000 | 300,000 | - | - | - | - | |
29/58 |
1.1m | 1.0m | 3.8m | 4.9m | 4.5m | 134,042 | 56,091 | 173,624 | |
29 |
398,678 | 398,678 | 413,978 | 453,978 | - | - | - | - | |
291 |
398,678 | 398,678 | 413,978 | 453,978 | - | - | - | - | |
3 |
352,365 | 352,365 | 3.2m | 3.9m | 3.9m | - | - | - | |
30/36 |
352,365 | 352,365 | 3.2m | 3.9m | 3.9m | - | - | - | |
40/41 |
112,770 | 140,917 | 98,153 | 96,845 | 238,523 | 114,310 | 3,914 | 22,180 | |
40 |
101,479 | 134,944 | 97,544 | 96,455 | 238,523 | 114,310 | 3,914 | - | |
41 |
11,291 | 5,973 | 609 | 390 | - | - | - | 22,180 | |
54/58 |
210,679 | 133,069 | 33,063 | 377,730 | 362,370 | 17,730 | 50,042 | 142,569 | |
490/1 |
21,971 | 19,644 | 14,667 | 11,575 | 4,928 | 2,002 | 2,135 | 8,875 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
20.7m | 18.0m | 16.3m | 16.0m | 10.5m | 1.6m | 1.5m | 1.3m | |
10/15 |
3.9m | 3.9m | 4.3m | 4.5m | 5.1m | 690,970 | 731,586 | 816,897 | |
10/11 |
6.0m | 6.0m | 6.0m | 6.0m | 6.0m | 1.0m | 1.0m | 1.0m | |
100 |
- | - | - | - | - | - | 1.0m | 1.0m | |
14 |
-2.1m | -2.1m | -1.7m | -1.5m | -932,410 | -309,030 | -268,414 | -183,103 | |
17/49 |
16.8m | 14.1m | 12.1m | 11.5m | 5.4m | 875,257 | 777,287 | 513,235 | |
17 |
16.2m | 13.7m | 11.8m | 11.4m | 5.4m | 855,500 | 750,000 | 500,041 | |
178/9 |
16.2m | 13.7m | 11.8m | 11.4m | 5.4m | 855,500 | 750,000 | 500,041 | |
42/48 |
21,431 | 22,664 | 34,683 | 11,860 | 27,939 | 628 | 613 | 4,044 | |
44 |
13,224 | 15,792 | 20,895 | 11,522 | 27,610 | 464 | - | 294 | |
440/4 |
13,224 | 15,792 | 20,895 | 11,522 | 27,610 | 464 | - | 294 | |
46 |
- | 3,715 | 1,320 | - | - | - | - | - | |
45 |
832 | 3,157 | 12,468 | 338 | 329 | 164 | 613 | 3,750 | |
450/3 |
832 | 3,157 | 1,012 | 338 | 329 | 164 | 613 | 3,750 | |
454/9 |
- | - | 11,456 | - | - | - | - | - | |
47/48 |
7,375 | - | - | - | - | - | - | - | |
492/3 |
552,514 | 405,498 | 243,489 | 127,263 | 18,235 | 19,129 | 26,674 | 9,150 | |
| Income statement | |||||||||
70 |
761,894 | - | - | - | - | - | - | - | |
76A |
179,743 | 86,951 | 162,663 | 155,845 | 302 | - | - | - | |
9900 |
768,146 | 364,111 | 296,767 | 215,364 | -13,235 | 22,171 | 18,975 | 5,098 | |
60/61 |
180,093 | - | - | - | - | - | - | - | |
62 |
- | 41,868 | 50,548 | - | - | - | - | - | |
630 |
520,730 | 575,697 | 382,177 | 611,278 | 579,934 | 36,098 | 74,919 | 172,921 | |
640/8 |
45,961 | 41,987 | 32,160 | 27,418 | 13,108 | 6,326 | 4,131 | 2,703 | |
9901 |
201,455 | -295,441 | -168,119 | -423,332 | -606,278 | -20,253 | -60,075 | -170,526 | |
75/76B |
4,002 | 4,786 | 4,503 | 3,815 | 0 | 0 | 0 | 69 | |
75 |
4,002 | 4,786 | 4,503 | 3,815 | 0 | 0 | 0 | 69 | |
65/66B |
149,254 | 123,516 | 115,062 | 104,916 | 17,102 | 20,363 | 25,237 | 12,646 | |
65 |
149,254 | 123,516 | 115,062 | 104,916 | 17,102 | 20,363 | 25,237 | 12,646 | |
9903 |
56,202 | -414,171 | -278,677 | -524,433 | -623,379 | -40,617 | -85,311 | -183,103 | |
67/77 |
10,830 | - | - | - | - | - | - | - | |
9904 |
45,372 | -414,171 | -278,677 | -524,433 | -623,379 | -40,617 | -85,311 | -183,103 | |
9905 |
45,372 | -414,171 | -278,677 | -524,433 | -623,379 | -40,617 | -85,311 | -183,103 | |
| Appropriation of the result | |||||||||
9906 |
-2.1m | -2.1m | -1.7m | -1.5m | -932,410 | -309,030 | -268,414 | -183,103 | |
14P |
-2.1m | -1.7m | -1.5m | -932,410 | -309,030 | - | - | - | |
| Social balance sheet | |||||||||
9087 |
- | 1.2 | 1.5 | - | - | - | - | - | |
Hours worked1013 |
- | 1,631 | 1,980 | - | - | - | - | - | |
| Document | |||||||||
The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00374997 | |
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00466333 | |
| 31-12-2023 | abbreviated format | 18-07-2024 | 2024-00258516 | |
| 31-12-2022 | abbreviated format | 20-07-2023 | 2023-00255307 | |
| 31-12-2021 | abbreviated format | 28-07-2022 | 2022-20238451 | |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-44300251 | |
| 31-12-2019 | abbreviated format | 07-09-2020 | 2020-51300330 | |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-41600320 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 722,185 | 280,257 | 214,058 | 187,946 | -26,344 | 15,845 | 14,844 | 2,395 | ||
| 566,102 | 161,527 | 103,500 | 86,845 | -43,446 | -4,518 | -10,392 | -10,182 | ||
| 3.5m | 5.0m | 1.7m | 5.8m | 5.1m | 15,500 | 371,193 | 1.3m | ||
| 77,609 | 100,006 | -344,667 | 15,360 | 344,639 | -32,312 | -92,527 | - | ||
| 1.1m | 1.0m | 3.8m | 4.9m | 4.5m | 133,414 | 55,478 | 169,580 | ||
| 26.4% | - | - | - | - | - | - | - | ||
| 18.9% | 21.4% | 26.1% | 28.3% | 48.4% | 44.1% | 48.5% | 61.4% | ||
| 51.16 | 46.09 | - | - | - | - | 91.49 | 42.94 | ||
| 34.72 | 30.55 | 16.14 | 79.27 | 21.68 | - | 91.49 | 42.94 | ||
| 4.30 | 3.67 | 2.83 | 2.53 | 1.07 | 1.27 | 1.06 | 0.63 | ||
| 1.2% | -10.8% | -6.5% | -11.5% | -12.3% | -5.9% | -11.7% | -22.4% | ||
| 0.2% | -2.3% | -1.7% | -3.3% | -6.0% | -2.6% | -5.7% | -13.8% | ||
| 4.84 | 2.27 | 1.86 | 1.79 | -1.54 | - | - | - | ||
| 49 days | - | - | - | - | - | - | - | ||
| 27 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.
Social balance sheet
| Item | 31-12-2024 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | - | 2 |
| part-time | - | 2 |
| in full-time equivalents | - | 1.5 |
| 1.2 | 1.5 | |
| On a permanent contract | - | 2 |
| Joined | 2 | 2 |
| Left | 2 | 0 |
Source: social balance sheet in the 2023 to 2024 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.4m | €5.0m | €1.7m | €5.5m | €5.1m |
| Intangible fixed assets | - | - | - | - | €2,360 |
| Financial fixed assets | €2.2m | €1,755 | - | €300,000 | - |
| €520,730 | €575,697 | €382,177 | €611,278 | €579,934 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Souterrain
The operating result for 2025 is a profit of €201,455, after a loss of €295,441 in 2024. It is the highest result since 2018.
Debt's share of the balance-sheet total rises from 78.6% to 81.1%. Equity and debt are higher.