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Sovaco Consulting

Active
Private limited companyfounded 2018active for 8 yearsKerkstraat 5, 8870 Izegem, BelgiumKBO/BCE: BE 0687.540.552

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 18-01-2026 PDF all 8 filings

Turnover
≈ €780,000
Estimated: probably between €650,000 and €1.4m
Total assets
€1.5m▲ 6.5%
2024 · €1.5m
Net result
€400,662▲ 12.4%
2024 · €356,375
Working capital
€424,992▲ 441%
2024 · €78,577
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 12% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.

Operating result€0.5m 2025 Net result€0.4m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.05m-€0.05m▲ 8.1%€0.09m▲ 75.0%€0.1m▲ 26.3%€0.3m▲ 191%€0.4m▲ 16.8%€0.5m▲ 29.1%€0.5m▲ 11.7%
Net result€0.04m-€0.04m▲ 7.1%€0.07mabove the sector's middle half▲ 77.6%€0.08mabove the sector's middle half▲ 24.9%€0.2mabove the sector's middle half▲ 185%€0.3mabove the sector's middle half▲ 19.0%€0.4mabove the sector's middle half▲ 26.3%€0.4mabove the sector's middle half▲ 12.4%
Equity€0.05m-€0.09m▲ 68.6%€0.2mwithin the sector's middle half▲ 73.8%€0.2mwithin the sector's middle half▲ 46.6%€0.4mabove the sector's middle half▲ 99.5%€0.7mabove the sector's middle half▲ 55.2%€0.8mabove the sector's middle half▲ 8.1%€1.2mabove the sector's middle half▲ 53.3%
Total assets€0.08m-€0.1m▲ 67.7%€0.2mwithin the sector's middle half▲ 53.1%€0.9mabove the sector's middle half▲ 334%€1.0mabove the sector's middle half▲ 13.2%€1.5mabove the sector's middle half▲ 40.3%€1.5mabove the sector's middle half▼ 1.0%€1.5mabove the sector's middle half▲ 6.5%
Debt€0.03m-€0.05m▲ 66.2%€0.06m▲ 17.2%€0.7m▲ 12×€0.6m▼ 14.5%€0.8m▲ 29.1%€0.7m▼ 9.2%€0.4m▼ 43.6%
Working capital€0.05m-€0.08m▲ 53.4%€0.2mabove the sector's middle half▲ 87.1%-€0.07mbelow the sector's middle half€0.04mwithin the sector's middle half€0.2mabove the sector's middle half▲ 307%€0.08mwithin the sector's middle half▼ 53.3%€0.4mabove the sector's middle half▲ 441%
Solvency63.1%-63.4%▲ 0.3pp72.0%within the sector's middle half▲ 8.6pp24.3%below the sector's middle half▼ 47.7pp42.8%within the sector's middle half▲ 18.5pp47.4%within the sector's middle half▲ 4.5pp51.7%within the sector's middle half▲ 4.3pp74.4%within the sector's middle half▲ 22.7pp
Current ratio2.71-2.58▼ 0.133.52within the sector's middle half▲ 0.940.65below the sector's middle half▼ 2.871.20within the sector's middle half▲ 0.551.76within the sector's middle half▲ 0.561.29within the sector's middle half▼ 0.482.44within the sector's middle half▲ 1.15
Return on assets (ROA)42.2%-27.0%▼ 15.3pp31.3%above the sector's middle half▲ 4.3pp9.0%within the sector's middle half▼ 22.3pp22.7%within the sector's middle half▲ 13.7pp19.2%within the sector's middle half▼ 3.4pp24.5%within the sector's middle half▲ 5.3pp25.9%within the sector's middle half▲ 1.4pp
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets €827,606 ▼ 24.8%
Current assets €720,670 ▲ 104%
Equity and liabilities €1.5m
Equity €1.2m ▲ 53.3%
Debt €395,678 ▼ 43.6%
Debt's share of the balance-sheet total falls from 48.3% to 25.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€548,710▲
2024 · €498,653
Cash flow
€401,039▲
2024 · €364,277
Debt to equity
0.34▼
2024 · 0.93
ROE
34.8%▼
2024 · 47.4%
Interest coverage
18.47▼
2024 · 21.07
Debt ≤ 1 year
€295,678▲
2024 · €274,495
Debt > 1 year
€100,000▼
2024 · €427,612
Income taxes
€134,426▲
2024 · €120,407
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as Sovaco Consulting: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.5m and €1.7m, founded between 2017 and 2019.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
Sovaco Consulting Izegem2018€1.5m€1.2m€0.6m-€0.4m-2025
Noest Kortrijk2019€1.7m€0.6m€0.5m€5.1m-€0.001m7.12025
Innovaspices Antwerpen2018€1.5m€0.7m€0.5m-€0.3m-2025
PASCAL TOPS Heist-op-den-Berg2018€1.6m€0.7m€0.6m-€0.4m-2025
MANEL Sint-Niklaas2017€1.6m€0.8m€0.6m-€0.4m-2025
Psychéline Gent2017€1.5m€0.07m€0.6m-€0.3m-2025
ZIGGU Gent2018€1.5m€0.5m€0.6m-€0.2m2.62025

They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Subsidies and aid

Flemish government

2023 to 2025 · 3 entries · €426 awarded · €426 paid
Year Entries AwardedPaid
2025 1 €147€147
2024 1 €147€147
2023 1 €132€132
Schemes
3 entries · €426 · €426 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines

Source: Annual accounts 2025 (PDF), filed on 18-01-2026.

Balance sheet Code20242025
Assets
Total assets20/58€1.5m€1.5m▲
Fixed assets21/28€1.1m€0.8m▼
Tangible fixed assets22/27€0.3m€0.04m▼
Plant, machinery and equipment23-€0
Furniture and vehicles24€377-
Other tangible fixed assets26€0.3m€0.04m▼
Financial fixed assets28€0.8m€0.8m=
Current assets29/58€0.4m€0.7m▲
Amounts receivable after more than one year29-€0.03m
Other amounts receivable291-€0.03m
Amounts receivable within one year40/41€0.06m€0.08m▲
Trade receivables40€0.04m€0.04m▼
Other amounts receivable41€0.02m€0.04m▲
Current investments50/53€0.2m€0.4m▲
Cash at bank and in hand54/58€0.05m€0.2m▲
Deferred charges and accrued income490/1€0.004m€0.003m▼
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.5m▲
Equity10/15€0.8m€1.2m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.7m€1.1m▲
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Tax-exempt reserves132€0.1m€0.2m▲
Distributable reserves133€0.6m€0.9m▲
Amounts payable17/49€0.7m€0.4m▼
Amounts payable after more than one year17€0.4m€0.1m▼
Financial debts170/4€0.4m€0.1m▼
Amounts payable within one year42/48€0.3m€0.3m▲
Current portion of amounts payable after more than one year42€0.1m€0.09m▼
Trade debts44€0.003m€0.005m▲
Suppliers440/4€0.003m€0.005m▲
Taxes, remuneration and social security45€0.006m€0.02m▲
Taxes450/3€0.006m€0.02m▲
Other amounts payable47/48€0.1m€0.2m▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.008m€377▼
Other operating charges640/8€0.002m€0.002m▼
Gross operating margin9900€0.5m€0.6m▲
Operating profit (loss)9901€0.5m€0.5m▲
Financial income75/76B€0.01m€0.02m▲
Recurring financial income75€0.01m€0.02m▲
Financial charges65/66B€0.02m€0.03m▲
Recurring financial charges65€0.02m€0.03m▲
Profit (loss) for the period before taxes9903€0.5m€0.5m▲
Income taxes67/77€0.1m€0.1m▲
Profit (loss) for the period9904€0.4m€0.4m▲
Transfer from tax-exempt reserves789€0.09m-
Transfer to tax-exempt reserves689€0.03m€0.1m▲
Profit (loss) for the period to be appropriated9905€0.4m€0.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.4m€0.3m▼
Transfer from equity791/2€0.3m-
Transfer to equity691/2€0.4m€0.3m▼
To other reserves6921€0.4m€0.3m▼
Profit to be distributed694/7€0.3m-
Return on contributions (dividend)694€0.3m-

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€7,991€8,247€3,825€4,347€42,262€7,901€377▼ 95.2%
Other operating charges640/8---€834€1,389€1,655€2,489€2,414▼ 3.0%
Gross operating margin9900€48,156€59,871€98,090€116,632€331,307€424,026€501,141€551,125▲ 10.0%
Operating profit (loss)9901€46,868€50,670€88,677€111,973€325,570€380,110€490,751€548,333▲ 11.7%
Financial income75/76B----€45€6,031€9,699€16,456▲ 69.7%
Recurring financial income75-€0€1-€45€6,031€9,699€16,456▲ 69.7%
Financial charges65/66B---€3,719€7,528€8,703€23,668€29,700▲ 25.5%
Recurring financial charges65€1,118€1,567€1,888€3,719€7,528€8,703€23,668€29,700▲ 25.5%
Profit (loss) for the period before taxes9903€45,750€49,103€86,790€108,254€318,086€377,437€476,782€535,089▲ 12.2%
Income taxes67/77€10,723€11,592€20,189€25,050€80,939€95,167€120,407€134,426▲ 11.6%
Profit (loss) for the period9904€35,027€37,511€66,601€83,204€237,147€282,270€356,375€400,662▲ 12.4%
Transfer from tax-exempt reserves789------€94,725--
Transfer to tax-exempt reserves689---€31,575€63,150€84,200€31,575€126,300▲ 300%
Profit (loss) for the period to be appropriated9905€35,027€37,511€66,601€51,629€173,997€198,070€419,525€274,362▼ 34.6%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.08m€0.1m€0.2m€0.9m€1.0m€1.5m€1.5m€1.5m▲ 6.5%
Formation expenses20€0--------
Fixed assets21/28€0€0.008m€0.003m€0.8m€0.8m€1.1m€1.1m€0.8m▼ 24.8%
Intangible fixed assets21€0--------
Tangible fixed assets22/27-€0.008m€0.003m€0.006m€0.02m€0.3m€0.3m€0.04m▼ 86.5%
Plant, machinery and equipment23-------€0-
Furniture and vehicles24---€0.006m€0.002m€0.002m€377--
Other tangible fixed assets26----€0.01m€0.3m€0.3m€0.04m▼ 86.5%
Financial fixed assets28€0--€0.8m€0.8m€0.8m€0.8m€0.8m=
Current assets29/58€0.08m€0.1m€0.2m€0.1m€0.2m€0.4m€0.4m€0.7m▲ 104%
Amounts receivable after more than one year29-------€0.03m-
Other amounts receivable291-------€0.03m-
Amounts receivable within one year40/41€0.03m€0.02m€0.02m€0.04m€0.09m€0.1m€0.06m€0.08m▲ 26.3%
Trade receivables40---€0.03m€0.07m€0.08m€0.04m€0.04m▼ 1.3%
Other amounts receivable41---€0.01m€0.02m€0.06m€0.02m€0.04m▲ 91.3%
Current investments50/53€0.06m---€0.1m€0.2m€0.2m€0.4m▲ 78.5%
Cash at bank and in hand54/58-€0.1m€0.2m€0.09m€0.04m€0.07m€0.05m€0.2m▲ 277%
Deferred charges and accrued income490/1---€0.003m€0.004m€0.002m€0.004m€0.003m▼ 24.6%
Equity and liabilities
Total equity and liabilities10/49€0.08m€0.1m€0.2m€0.9m€1.0m€1.5m€1.5m€1.5m▲ 6.5%
Equity10/15€0.05m€0.09m€0.2m€0.2m€0.4m€0.7m€0.8m€1.2m▲ 53.3%
Contributions10/11€0.02m--€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.03m€0.07m€0.1m€0.2m€0.4m€0.7m€0.7m€1.1m▲ 54.6%
Non-distributable reserves130/1---€0.002m€0.002m€0.002m€0.002m€0.002m=
Reserves not available under the articles1311---€0.002m€0.002m€0.002m€0.002m€0.002m=
Tax-exempt reserves132---€0.03m€0.09m€0.2m€0.1m€0.2m▲ 109%
Distributable reserves133---€0.2m€0.3m€0.5m€0.6m€0.9m▲ 44.6%
Amounts payable17/49€0.03m€0.05m€0.06m€0.7m€0.6m€0.8m€0.7m€0.4m▼ 43.6%
Amounts payable after more than one year17---€0.5m€0.4m€0.6m€0.4m€0.1m▼ 76.6%
Financial debts170/4---€0.5m€0.4m€0.6m€0.4m€0.1m▼ 76.6%
Amounts payable within one year42/48€0.03m€0.05m€0.06m€0.2m€0.2m€0.2m€0.3m€0.3m▲ 7.7%
Current portion of amounts payable after more than one year42---€0.1m€0.1m€0.1m€0.1m€0.09m▼ 25.6%
Trade debts44€58€0.001m€0.002m€0.001m€0.004m€0.005m€0.003m€0.005m▲ 68.9%
Suppliers440/4---€0.001m€0.004m€0.005m€0.003m€0.005m▲ 68.9%
Taxes, remuneration and social security45---€0.008m€0.003m€0.02m€0.006m€0.02m▲ 200%
Taxes450/3---€0.008m€0.003m€0.02m€0.006m€0.02m▲ 200%
Other amounts payable47/48---€0.1m€0.1m€0.08m€0.1m€0.2m▲ 27.5%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€35,027€37,511€66,601€83,204€237,147€282,270€356,375€400,662▲ 12.4%
+ Depreciation and write-downs630-€7,991€8,247€3,825€4,347€42,262€7,901€377▼ 95.2%
Operating cash flow (approximation)€35,027€45,502€74,848€87,029€241,494€324,532€364,277€401,039▲ 10.1%
Investment in fixed assets (approximation)--€15,981-€3,453-€791,323-€14,154-€321,428-€29,204€272,987-
Change in cash--€81,254-€99,414-€48,091€28,693-€20,290€136,235-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (8)
Financial year Type Filed Reference Document
31-12-2025 micro format 18-01-2026 2026-00009267 PDF
31-12-2024 micro format 26-06-2025 2025-00181565 PDF
31-12-2023 micro format 08-07-2024 2024-00220063 PDF
31-12-2022 micro format 24-06-2023 2023-00154248 PDF
31-12-2021 micro format 23-06-2022 2022-20084904 PDF
31-12-2020 micro format 04-07-2021 2021-31100124 PDF
31-12-2019 micro format 27-06-2020 2020-23600302 PDF
31-12-2018 micro format 27-06-2019 2019-25400575 PDF

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