Starting capital
€4.9m 1,000 shares
SOVAKO
Overview
Lifetime
1 annual account with figurespeak -€28,081 (2025)
-€28,081
peak €13,571 (2025)
€13,571
peak €4.9m (2025)
€4.9m
€434,809
Board3 names since 2024
3 directorsCagico and 2 others
Owners2 names in the annual accounts
27.1%MODDER and 1 other
Documentsfilings and deeds
02-07-202629 days before the deadline
2025abbreviated format
First year with figures
Key points
from the 2025 annual accountsAt the same address
10 companies
Turnover not published (abbreviated format)
Checked score
68
Healthy
Financially stronger than 55% of small companies without a NACE code
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 2.4%
09-2025: 2.5%▲ +0.1 percentage points vs 08-2025
10-2025: 2.5%● unchanged vs 09-2025
11-2025: 3.1%▲ +0.6 percentage points vs 10-2025
12-2025: 3.1%● unchanged vs 11-2025
01-2026: 3.4%▲ +0.3 percentage points vs 12-2025
02-2026: 3.6%▲ +0.2 percentage points vs 01-2026
03-2026: 3.6%● unchanged vs 02-2026
04-2026: 3.5%▼ -0.1 percentage points vs 03-2026
05-2026: 3.5%● unchanged vs 04-2026
06-2026: 3.9%▲ +0.4 percentage points vs 05-2026highest value
07-2026: 3.9%● unchanged vs 06-2026
08-2026: 0.9%▼ -3.0 percentage points vs 07-2026lowest value
09-2026: 0.9%● unchanged vs 08-2026lowest value
10-2026: 0.9%● unchanged vs 09-2026lowest value
11-2026: 0.9%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.49, cash €805
Founded in 2024
lowers risk
Size: total assets €5.3m
No main activity registered
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small). It does better than 82% of them on solvency, 43% on liquidity and 39% on profitability.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €330,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is tight, with a current ratio of 1.49, below the usual 1.5. Short-term debt is 8.1% and cash 0% of total assets. 8.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 02-07-2026, 29 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
29 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- Cagico 27.1%equity €8.1m (2025) · 2025 annual accounts of Cagico
- MODDER 27.1%score 94equity €14.1m (2026) · 31-03-2026 annual accounts of MODDER
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1011430381
First establishment
Schaapbruggestraat 50, Roeselare
Official details
Source: KBO- Status
- Active since 10-07-2024Normal situation
- Registered office
- 11 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.361.887.9398800 Roeselare, since 10-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- -€28,081
- €13,571
- €4.9m
- €5.3m
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on SOVAKO
SOVAKO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.9m and a net result of €13,571.
The computed 12-month bankruptcy probability is 0.9% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 02-07-2026, 29 days before the deadline-€28,081
-€28,996
€13,571
€211,014
91.8%
1.49
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €5.3m on 31-12-2025What the company ownsHow it is paid for
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
5.3m | |
21/28 |
4.7m | |
28 |
4.7m | |
29/58 |
641,907 | |
29 |
519,121 | |
291 |
519,121 | |
40/41 |
121,981 | |
41 |
121,981 | |
54/58 |
805 | |
| Balance sheet: equity and liabilities | ||
10/49 |
5.3m | |
10/15 |
4.9m | |
10/11 |
4.9m | |
14 |
13,571 | |
17/49 |
434,809 | |
42/48 |
430,893 | |
44 |
733 | |
440/4 |
733 | |
45 |
3,873 | |
450/3 |
3,873 | |
47/48 |
426,287 | |
492/3 |
3,916 | |
| Income statement | ||
9900 |
-28,081 | |
640/8 |
915 | |
9901 |
-28,996 | |
75/76B |
51,243 | |
75 |
51,243 | |
65/66B |
4,153 | |
65 |
4,153 | |
9903 |
18,094 | |
67/77 |
4,524 | |
9904 |
13,571 | |
9905 |
13,571 | |
| Appropriation of the result | ||
9906 |
13,571 | |
| Document | ||
The notes to these accounts have 3 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 02-07-2026.
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 | 02-07-2026 | 2026-00249125 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 4.7m | ||
| 211,014 | ||
| 91.8% | ||
| 1.49 | ||
| 0.09 | ||
| 0.3% | ||
| 0.3% |
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.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Financial fixed assets | €4.7m |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on SOVAKO
Debt's share of the balance-sheet total is 8.2%.
Board & ownership
Board
3 directors, since incorporationCagico BV
Director, permanent representative SOBRY Bart Rik Peter
since 08-07-2024
term without a fixed end
also on the board of 4 other companies
listed in the 2025 annual accounts, filed on 02-07-2026
MODDER BV
Director, permanent representative VANDAELE Mathias Floris
since 08-07-2024
term without a fixed end
also on the board of 5 other companies
listed in the 2025 annual accounts, filed on 02-07-2026
SOPAR BV
Director, permanent representative SOBRY Bart Isidoor Etienne
since 08-07-2024
term without a fixed end
also on the board of 3 other companies
listed in the 2025 annual accounts, filed on 02-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 12. Externe vertegenwoordiging Iedere bestuurder afzonderlijk, ook wanneer er meerdere zijn, vertegenwoordigt de vennootschap jegens…”deed of 12-07-2024
Permanent representatives 3
Mandates through the years
3 names, the dashed line is todayBoard
Mandates as a list
- Cagico
- Director, from 08-07-2024 to date
- MODDER
- Director, from 08-07-2024 to date
- SOPAR
- Director, from 08-07-2024 to date
Control
27.1%
This company
SOVAKO
Equity €4.9m
Profit €13,571 in 2025
Capital
- Contribution
- €4,882,646.70
- Shares
- 1,000
- Contribution per share
- €4,883
- Equity per share
- €4,896 in 2025
- Source
- deed of 12-07-2024
Owners through the years
as the annual accounts name themOwners as a list
- MODDER
- Cagico
Source: lists of holdings in the owners' accounts
Articles of association
deed of 12-07-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
Shareholders
2 ownersOwners 2
-
27.1%
- Equity €14.1m Profit of €1.9m in 2026 (profit of €2.9m in 2025) Checked score 9427.1%
Capital transactions
Shareholders according to the deeds
At incorporation
deed of 12-07-2024 ↗
Capital over time
- 12-07-2024 Incorporation · €4,882,646.70 · 1,000 shares
Network & group
Holdings
own 2025 accountsThis companySOVAKO1 holding, 1 country
2025 accounts
Belgium 1 Equity Result
- BE Afriwise29.9% €2.0m result -€901,798
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
At the same address
Schaapbruggestraat 50, 8800 Roeselare · 10 other companies| ZOUTMAN
registered office since 01-01-1996 · founded in 1984 |
82 FTE (2025) 0426.306.783 |
| V.I.C.A.P.
registered office since 29-06-1992 · founded in 1992 |
total assets €19.4m (2026) 0447.581.556 |
| LIQSON
registered office since 09-11-2015 · founded in 2015 |
11 FTE (2025) 0642.735.856 |
| ADDIMAN
registered office since 19-12-2006 · founded in 2006 |
41 FTE (2025) 0885.779.452 |
| AERO-SENSE
registered office since 17-08-2007 · founded in 2007 |
6 FTE (2025) 0891.471.471 |
| Rodenburg
registered office since 26-05-1995 · founded in 1995 |
total assets €1.5m (2025) 0455.146.368 |
| GONTEX
registered office since 12-11-1987 · founded in 1987 |
total assets €849,221 (2025) 0431.973.662 |
| GRONDMAAT
establishment since 24-02-2012 · founded in 2011 |
total assets €443,194 (2026) 0842.065.116 |
| ST. JAN
registered office since 06-03-2000 · founded in 1992 |
total assets €172,219 (2025) 0447.588.781 |
| GROEP CLEWATRA
registered office since 01-09-2009 |
founded in 2009 0817.966.257 |
Earlier ties
| HECTAAR via MODDER, no longer at HECTAAR · Gedelegeerd bestuurder categorie b · deed of 22-04-2026 founded in 2006 |
22 FTE (2025) |
Holdings and subsidiaries
1 holdingHoldings 1
Share, source and own figures per holding (1)
- Equity €2.0m Loss of €901,798 in 2025 (loss of €605,081 in 2024) Checked score 55Sourceown accounts 202529.9%
Board mandates elsewhere
1 board mandateBoard mandates of SOVAKOSOVAKO sits on their board1
Connections & network
19 connected companiesThis company
Company
Director
Shareholding
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Linked via shared directors
PARENO
via Cagico · Director · deed of 26-05-2021
Founded in 2021 · total assets €8.7m (2025) · negative equity · group Cagico
→
DAGMAAT
Founded in 2020 · 5.7 FTE (2025) · negative equity
→
→
LANDMAAT
via MODDER · Gedelegeerd bestuurder b · deed of 06-05-2026
Founded in 2008 · turnover €29.5m (2025)
→
Show 15 more companies with a shared director
Potrell
via Cagico · Day-to-day manager · deed of 18-03-2025
Founded in 2009 · turnover €12.2m (2025) · group Cagico
→
Pyloon
via Cagico · Day-to-day manager · deed of 26-03-2025
Founded in 2011 · 17 FTE (2025) · group Cagico
→
→
V.I.C.A.P.
via SOPAR · Managing director · deed of 10-12-2020
Founded in 1992 · total assets €19.4m (2026)
→
ROFIO S
via MODDER · Class B director · deed of 15-07-2026
Founded in 2013 · total assets €11.4m (2025)
→
→
So-dec
via Cagico · Director (not named in the articles) · deed of 28-12-2023
Founded in 2011 · 1 FTE (2025) · group Cagico
→
→
VENDER
via MODDER · Director (not named in the articles) · deed of 08-12-2023
Founded in 2007 · total assets €729,346 (2025) · group MODDER
→
KASTER CONSTRUCT
Founded in 2021 · 6.3 FTE (2025)
→
→
→
→
FIFO
Founded in 2024 · total assets €7,262 (2025)
→
→
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBabbreviated format · 29 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:1011430381
2024
- Founder, SOPAR
- Founder, CAGICO
- Founder, MODDER
- Name clause, SOVAKO
- Registered office clause, Schaapbruggestraat 50, 8800 Roeselare
- Director appointment, SOPAR
- Director appointment, CAGICO
- Director appointment, MODDER
- Permanent representative, SOBRY Bart Isidoor Etienne
- Permanent representative, SOBRY Bart Rik Peter
- Permanent representative, VANDAELE Mathias Floris
- Founding capital, €4,882,646.70, 1,000 shares
- The deed holds 11 more points.
First establishment Schaapbruggestraat 50, Roeselare
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1011.430.381
- VAT number
- BE 1011.430.381
- Peppol ID
- 0208:1011430381
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 10-07-2024
- Financial year
- ends on 31 December
- Peppol
- Reachable since 27-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- SOVAKO in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 12-07-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 12-07-2024 (in Dutch)
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Schaapbruggestraat 50 registered office 8800 Roeselare 64210 Activities of holding companies | 10-07-2024 | 2.361.887.939 |
Buildings and parcels at the address
- Ground area
- 2,263 m²
- Buildings
- 440 m²
- Volume, LiDAR
- 22 m³
- Tallest building
- 2.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36017A0079/00H000 | 2,263 m² | 1 · 440 m² | 2.5 m |