SOUVERAIN 25
ActiveSummary
SOUVERAIN 25 has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.71M and a net result of €695k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 21% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▼-5
Solvency32▲+1
Growth85▲+13
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 56.3 against 14.7 in 2024; short-term debt: 0.2% and cash: 0.2% of total assets), but 93.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.8%
Return on assets
0.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 4539 sector peers (2025).
NBB · sector comparisonPosition among 4539 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
16 d early
2024
28 d early
2023
30 d early
2022
35 d early
2021
34 d early
2020
31 d early
← 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, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€8.45M▲ 19.1%
2024 · €7.10M
2020: €0
2022: €2.83M
2023: €5.18M
2024: €7.10M
2020 → 2025
EBIT margin
52.8%▼ 48.1pp
2024 · 100.9%
2022: -71.8%
2023: 61.2%
2024: 100.9%
2022 → 2025
Net result
€695k▼ 77.6%
2024 · €3.11M
2020: €-1.43M
2021: €-3.52M
2022: €-2.00M
2023: €1.85M
2024: €3.11M
2020 → 2025
Working capital
€12.34M▼ 7.6%
2024 · €13.35M
2020: €-686k
2021: €-4.91M
2022: €-560k
2023: €6.97M
2024: €13.35M
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.83M€5.18M▲ 83.1%€7.10M▲ 37.1%€8.45M▲ 19.1%
Equity€5.06M-€3.05M▼ 39.6%€4.91M▲ 60.7%€8.02M▲ 63.3%€8.71M▲ 8.7%
Operating result€-3.52M-€-2.03M▲ 42.2%€3.17M€7.17M▲ 126%€4.47M▼ 37.7%
Net result€-3.52M-€-2.00M▲ 43.1%€1.85M€3.11M▲ 67.5%€695k▼ 77.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127.67M
Fixed assets
€115.11M ▼ 2.8%
Current assets
€12.56M ▼ 12.3%
Equity and liabilities €127.67M
Equity
€8.71M ▲ 8.7%
Debt
€118.96M ▼ 4.7%
Debt's share of the balance-sheet total falls from 94.0% to 93.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7.82M▼
2024 · €10.52M
Cash flow
€4.04M▼
2024 · €6.46M
Current ratio
56.30▲
2024 · 14.70
Debt to equity
13.66▼
2024 · 15.56
ROE
8.0%▼
2024 · 38.8%
ROA
0.5%▼
2024 · 2.3%
Interest coverage
1.87▼
2024 · 2.49
Debt ≤ 1 year
€223k▼
2024 · €974k
Debt > 1 year
€117.51M▼
2024 · €122.51M
Income taxes
€979▼
2024 · €200k
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€132.78M€127.67M▼
Fixed assets21/28€118.45M€115.11M▼
Tangible fixed assets22/27€118.45M€115.11M▼
Land and buildings22€118.45M€115.11M▼
Current assets29/58€14.32M€12.56M▼
Amounts receivable after more than one year29€5.93M€5.79M▼
Other amounts receivable291€5.93M€5.79M▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€1.52M€729k▼
Trade receivables40€1.34M€297k▼
Other amounts receivable41€178k€433k▲
Current investments50/53€0€3.10M▲
Other investments51/53€0€3.10M▲
Cash at bank and in hand54/58€3.77M€258k▼
Deferred charges and accrued income490/1€3.10M€2.69M▼
Equity and liabilities
Total equity and liabilities10/49€132.78M€127.67M▼
Equity10/15€8.02M€8.71M▲
Contributions10/11€10.00M€10.00M=
Capital10€10.00M€10.00M=
Issued capital100€10.00M€10.00M=
Profit (loss) carried forward14€-1.98M€-1.29M▲
Amounts payable17/49€124.76M€118.96M▼
Amounts payable after more than one year17€122.51M€117.51M▼
Financial debts170/4€122.50M€117.50M▼
Other loans174€122.50M€117.50M▼
Other amounts payable178/9€12k€12k=
Amounts payable within one year42/48€974k€223k▼
Trade debts44€752k€143k▼
Suppliers440/4€752k€143k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€193k€51k▼
Taxes450/3€193k€51k▼
Other amounts payable47/48€29k€29k=
Accrued charges and deferred income492/3€1.28M€1.22M▼
Income statement
Code20242025
Operating income70/76A€14.92M€10.40M▼
Turnover70€7.10M€8.45M▲
Other operating income74€7.82M€1.95M▼
Operating charges60/66A€7.75M€5.94M▼
Services and other goods61€2.92M€683k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.35M€3.35M=
Other operating charges640/8€1.49M€1.90M▲
Operating profit (loss)9901€7.17M€4.47M▼
Financial income75/76B€367k€404k▲
Recurring financial income75€367k€404k▲
Income from current assets751€356k€404k▲
Other financial income752/9€12k€0▼
Financial charges65/66B€4.23M€4.18M▼
Recurring financial charges65€4.23M€4.18M▼
Debt charges650€4.23M€4.17M▼
Other financial charges652/9€517€705▲
Profit (loss) for the period before taxes9903€3.31M€696k▼
Income taxes67/77€200k€979▼
Taxes670/3€200k€979▼
Profit (loss) for the period9904€3.11M€695k▼
Profit (loss) for the period to be appropriated9905€3.11M€695k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.98M€-1.29M▲
Profit (loss) brought forward from the previous period14P€-5.09M€-1.98M▲
The notes to these accounts (26 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 56.30
Current ratio from 14.70 to 56.30; short-term debt falls from €974k to €223k.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2020net €3.11M ▲67.5%
Operating result €7.17M, net result €3.11M, both a record.
31-12
Financial
Liquidity times 7current ratio 14.70
Current ratio from 2.07 to 14.70; short-term debt falls from €6.50M to €974k.
31-12
Financial
Equity above €5MEq €8.02M ▲63.3%
2 profitable years in a row build equity to €8.02M.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €1.85M
Net result €1.85M after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.07
Current ratio from 0.93 to 2.07; short-term debt falls from €8.48M to €6.50M.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-3.52M
Net result drops to €-3.52M, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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 2019
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.
Posthofbrug 162600 AntwerpenGround area
1.7 ha
Building footprint
4,196 m²
Volume, LiDAR
78,286 m³
2 parcels, Brussels, Flanders · tallest building 26.1 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
SOUVERAIN 25
since 20192.296.970.391
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0160/00K002 | Flanders | 1.3 ha | 1 · 2,285 m² | 25.0 m · 8 fl. |
| 21019A0075/00K000 | Brussels | 3,217 m² | 1 · 1,911 m² | 26.1 m · 7 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.
Similar companies · same sector, comparable size
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Fashion Club Immo Projects
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IMMONEX
BE 0423.272.267
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OFFICE LEOPOLD III
BE 0863.113.621
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Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 2,034 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 formPublic limited company
Founded15-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68122Development of non-residential building projects
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.