Sovac
ActiveSummary
Sovac has been active since 1945 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €347,155 and a net result of €23,156. Equity is growing by ~7.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
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Signals
This company filed its last 6 accounts on average 43 days after 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
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €1,719 | - |
| Other operating charges640/8 | - | €4,063 | €4,122 | €4,906 | €5,092 | ▲ 3.8% |
| Gross operating margin9900 | €34,865 | €34,817 | €36,548 | €39,316 | €40,913 | ▲ 4.1% |
| Operating profit (loss)9901 | €30,830 | €30,755 | €32,426 | €34,410 | €34,102 | ▼ 0.9% |
| Financial income75/76B | - | €0 | €0 | €64 | €106 | ▲ 64.5% |
| Recurring financial income75 | €1 | €0 | €0 | €64 | €106 | ▲ 64.5% |
| Financial charges65/66B | - | €186 | €231 | €217 | €251 | ▲ 15.9% |
| Recurring financial charges65 | €175 | €186 | €231 | €217 | €251 | ▲ 15.9% |
| Profit (loss) for the period before taxes9903 | €30,656 | €30,569 | €32,196 | €34,258 | €33,957 | ▼ 0.9% |
| Income taxes67/77 | €11,370 | €9,623 | €11,051 | €10,918 | €10,801 | ▼ 1.1% |
| Profit (loss) for the period9904 | €19,286 | €20,946 | €21,145 | €23,340 | €23,156 | ▼ 0.8% |
| Profit (loss) for the period to be appropriated9905 | €24,580 | €20,946 | €21,145 | €23,340 | €23,156 | ▼ 0.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €290,003 | €288,150 | €312,301 | €334,843 | €369,541 | ▲ 10.4% |
| Fixed assets21/28 | €39,846 | €39,846 | €39,846 | €52,515 | €50,797 | ▼ 3.3% |
| Tangible fixed assets22/27 | €39,846 | €39,846 | €39,846 | €52,515 | €50,797 | ▼ 3.3% |
| Land and buildings22 | - | €39,846 | €39,846 | €39,846 | €39,846 | = |
| Plant, machinery and equipment23 | - | - | - | €12,669 | €10,950 | ▼ 13.6% |
| Current assets29/58 | €250,156 | €248,304 | €272,455 | €282,328 | €318,745 | ▲ 12.9% |
| Amounts receivable within one year40/41 | €227,592 | €227,592 | €257,592 | €257,592 | €302,592 | ▲ 17.5% |
| Other amounts receivable41 | - | €227,592 | €257,592 | €257,592 | €302,592 | ▲ 17.5% |
| Current investments50/53 | €20,501 | €20,250 | €13,750 | €22,295 | €5,017 | ▼ 77.5% |
| Cash at bank and in hand54/58 | €2,063 | €462 | €1,113 | €2,442 | €11,136 | ▲ 356% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €290,003 | €288,150 | €312,301 | €334,843 | €369,541 | ▲ 10.4% |
| Equity10/15 | €258,567 | €279,514 | €300,658 | €323,999 | €347,155 | ▲ 7.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €59,234 | €80,180 | €101,325 | €124,665 | €147,821 | ▲ 18.6% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €5,294 | €5,294 | - | - | - |
| Distributable reserves133 | - | €68,686 | €89,831 | €118,465 | €141,621 | ▲ 19.5% |
| Profit (loss) carried forward14 | €137,333 | €137,333 | €137,333 | €137,333 | €137,333 | = |
| Amounts payable17/49 | €31,435 | €8,637 | €11,643 | €10,845 | €22,387 | ▲ 106% |
| Amounts payable after more than one year17 | €3,024 | €3,024 | €3,024 | €3,024 | €3,024 | = |
| Other amounts payable178/9 | - | €3,024 | €3,024 | €3,024 | €3,024 | = |
| Amounts payable within one year42/48 | €25,441 | €2,623 | €5,474 | €4,341 | €15,883 | ▲ 266% |
| Taxes, remuneration and social security45 | - | €2,623 | €5,474 | €4,341 | €773 | ▼ 82.2% |
| Taxes450/3 | - | €2,623 | €5,474 | €4,341 | €773 | ▼ 82.2% |
| Other amounts payable47/48 | - | - | - | - | €15,110 | - |
| Accrued charges and deferred income492/3 | - | €2,989 | €3,145 | €3,479 | €3,479 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,286 | €20,946 | €21,145 | €23,340 | €23,156 | ▼ 0.8% |
| + Depreciation and write-downs630 | - | - | - | - | €1,719 | - |
| Operating cash flow (approximation) | €19,286 | €20,946 | €21,145 | €23,340 | €24,875 | ▲ 6.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€12,669 | €0 | ▲ 100% |
| Change in cash | - | -€1,602 | €651 | €1,329 | €8,694 | ▲ 554% |
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
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062B0037/00E000 | Flanders | 2,623 m² | 1 · 1,295 m² | - |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.