SOUTROU
InactiveSOUTROU was declared bankrupt on 08-02-2024 (Ondernemingsrechtbank Gent, afdeling Oostende); the bankruptcy was closed for insufficient assets by judgment of 15-01-2025, published in the Belgian State Gazette on 22-01-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 today
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 24-08-2023, 24 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
24 d late
2021
9 d early
2020
36 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 13 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Equity
€20,304▲ 41.1%
2021 · €14,386
Total assets
€33,379▼ 7.3%
2021 · €36,001
Net result
€6,118
2021 · -€28,402
Working capital
-€4,696▲ 55.8%
2021 · -€10,614
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€5,013-€12,677▲ 153%€14,590▲ 15.1%-€28,044€6,141
Net result€2,545-€7,985▲ 214%€11,706▲ 46.6%-€28,402€6,118
Equity€24,697-€31,881▲ 29.1%€42,787▲ 34.2%€14,386▼ 66.4%€20,304▲ 41.1%
Total assets€66,906-€54,176▼ 19.0%€70,066▲ 29.3%€36,001▼ 48.6%€33,379▼ 7.3%
Debt€42,209-€22,294▼ 47.2%€27,279▲ 22.4%€21,615▼ 20.8%€13,076▼ 39.5%
Working capital-€11,958--€3,423▲ 71.4%€11,120-€10,614-€4,696▲ 55.8%
Staff (FTE)0.2-0.9▲ 350%2▲ 122%
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 2022: €6,141 after a loss of €28,044 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €33,379
Fixed assets
€25,000 =
Current assets
€8,379 ▼ 23.8%
Equity and liabilities €33,379
Equity
€20,304 ▲ 41.1%
Debt
€13,076 ▼ 39.5%
Debt's share of the balance-sheet total falls from 60.0% to 39.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,141▲
2021 · -€21,378
Cash flow
€6,118▲
2021 · -€21,735
Current ratio
0.64▲
2021 · 0.51
Debt to equity
0.64▼
2021 · 1.50
ROE
30.1%▲
2021 · -197.4%
ROA
18.3%▲
2021 · -78.9%
Interest coverage
263.35▲
2021 · -76.29
Debt ≤ 1 year
€13,076▼
2021 · €21,615
Income taxes
€0▼
2021 · €77
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,170 | €8,170 | €6,667 | €6,667 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €1,118 | €372 | ▼ 66.8% |
| Non-recurring operating charges66A | - | - | - | €3,503 | €0 | ▼ 100% |
| Gross operating margin9900 | €30,017 | €36,997 | €25,795 | -€16,756 | €6,513 | ▲ 139% |
| Operating profit (loss)9901 | €5,013 | €12,677 | €14,590 | -€28,044 | €6,141 | ▲ 122% |
| Recurring financial income75 | €108 | €11 | €6 | - | - | - |
| Financial charges65/66B | - | - | - | €280 | €23 | ▼ 91.7% |
| Recurring financial charges65 | €730 | €786 | €577 | €280 | €23 | ▼ 91.7% |
| Profit (loss) for the period before taxes9903 | €4,392 | €11,901 | €14,019 | -€28,325 | €6,118 | ▲ 122% |
| Income taxes67/77 | €1,846 | €3,916 | €2,313 | €77 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €2,545 | €7,985 | €11,706 | -€28,402 | €6,118 | ▲ 122% |
| Profit (loss) for the period to be appropriated9905 | €2,545 | €7,985 | €11,706 | -€28,402 | €6,118 | ▲ 122% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €66,906 | €54,176 | €70,066 | €36,001 | €33,379 | ▼ 7.3% |
| Fixed assets21/28 | €48,069 | €39,899 | €31,667 | €25,000 | €25,000 | = |
| Tangible fixed assets22/27 | €23,069 | €14,899 | €6,667 | - | - | - |
| Financial fixed assets28 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Current assets29/58 | €18,837 | €14,276 | €38,399 | €11,001 | €8,379 | ▼ 23.8% |
| Stocks and contracts in progress3 | €2,678 | €3,003 | - | - | - | - |
| Amounts receivable within one year40/41 | €3,599 | €2,442 | €11,830 | €8,590 | €8,000 | ▼ 6.9% |
| Trade receivables40 | - | - | - | €8,284 | €8,000 | ▼ 3.4% |
| Other amounts receivable41 | - | - | - | €306 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €11,594 | €7,921 | €26,569 | €2,411 | €379 | ▼ 84.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €66,906 | €54,176 | €70,066 | €36,001 | €33,379 | ▼ 7.3% |
| Equity10/15 | €24,697 | €31,881 | €42,787 | €14,386 | €20,304 | ▲ 41.1% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | = |
| Reserves13 | €4,404 | €11,589 | €22,495 | €22,495 | €22,495 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €20,636 | €20,636 | = |
| Profit (loss) carried forward14 | €1,700 | €1,700 | €1,700 | -€26,701 | -€20,783 | ▲ 22.2% |
| Amounts payable17/49 | €42,209 | €22,294 | €27,279 | €21,615 | €13,076 | ▼ 39.5% |
| Amounts payable after more than one year17 | €11,414 | €4,595 | - | - | - | - |
| Amounts payable within one year42/48 | €30,795 | €17,700 | €27,279 | €21,615 | €13,076 | ▼ 39.5% |
| Trade debts44 | €12,635 | €4,298 | €1,165 | €97 | €1,583 | ▲ 1,536% |
| Suppliers440/4 | - | - | - | €97 | €1,583 | ▲ 1,536% |
| Taxes, remuneration and social security45 | - | - | - | €2,390 | €277 | ▼ 88.4% |
| Taxes450/3 | - | - | - | €2,390 | €277 | ▼ 88.4% |
| Other amounts payable47/48 | - | - | - | €19,128 | €11,215 | ▼ 41.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,545 | €7,985 | €11,706 | -€28,402 | €6,118 | ▲ 122% |
| + Depreciation and write-downs630 | €8,170 | €8,170 | €6,667 | €6,667 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €10,715 | €16,154 | €18,373 | -€21,735 | €6,118 | ▲ 128% |
| Investment in fixed assets (approximation) | - | €0 | €1,566 | €0 | €0 | - |
| Change in cash | - | -€3,673 | €18,648 | -€24,158 | -€2,032 | ▲ 91.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
22-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Oostende · event 15-01-2025
2024
14-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 08-02-2024
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Back to profitnet €6,118
Net result €6,118 after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€28,402
Net result drops to -€28,402, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €11,706 ▲46.6%
Operating result €14,590, net result €11,706, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Show earlier events
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
02-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
17-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN HERPELINCK PRINSENLAAN 2,
8400 OOSTENDE |
08-02-2024 → 15-01-2025 |