SOVALAS
ActiveSummary
SOVALAS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69,472 and a net result of €16,164. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 52% of 1917 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+7
Solvency72▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.79 against 0.35 in 2024; short-term debt: 29.6% and cash: 18.3% of total assets), and 52.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
47.4%
Return on assets
11%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
28 d late
2023
on the day
2022
2 d early
2021
3 d early
2020
61 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€69,472▲ 30.3%
2024 · €53,308
Total assets
€146,656▲ 46.6%
2024 · €100,016
Net result
€16,164▲ 192%
2024 · €5,537
Working capital
-€9,191▲ 69.7%
2024 · -€30,290
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,460€22,321▲ 808%€1,633▼ 92.7%€7,882▲ 383%€21,332▲ 171%
Net result€2,520within the sector's middle half€14,662within the sector's middle half▲ 482%€970within the sector's middle half▼ 93.4%€5,537within the sector's middle half▲ 471%€16,164within the sector's middle half▲ 192%
Equity€32,138within the sector's middle half▲ 8.5%€46,800within the sector's middle half▲ 45.6%€47,771within the sector's middle half▲ 2.1%€53,308within the sector's middle half▲ 11.6%€69,472within the sector's middle half▲ 30.3%
Total assets€145,754within the sector's middle half▼ 9.6%€130,477within the sector's middle half▼ 10.5%€123,823within the sector's middle half▼ 5.1%€100,016within the sector's middle half▼ 19.2%€146,656within the sector's middle half▲ 46.6%
Debt€113,616▼ 13.7%€83,677▼ 26.4%€76,053▼ 9.1%€46,708▼ 38.6%€77,184▲ 65.2%
Working capital-€66,265below the sector's middle half▲ 1.3%-€52,493below the sector's middle half▲ 20.8%-€42,456below the sector's middle half▲ 19.1%-€30,290below the sector's middle half▲ 28.7%-€9,191below the sector's middle half▲ 69.7%
Solvency22.0%within the sector's middle half▲ 3.7pp35.9%within the sector's middle half▲ 13.8pp38.6%within the sector's middle half▲ 2.7pp53.3%within the sector's middle half▲ 14.7pp47.4%within the sector's middle half▼ 5.9pp
Current ratio0.21below the sector's middle half▲ 0.040.28below the sector's middle half▲ 0.070.39below the sector's middle half▲ 0.110.35below the sector's middle half▼ 0.030.79below the sector's middle half▲ 0.44
Return on assets (ROA)1.7%within the sector's middle half▲ 4.5pp11.2%within the sector's middle half▲ 9.5pp0.8%within the sector's middle half▼ 10.5pp5.5%within the sector's middle half▲ 4.8pp11.0%within the sector's middle half▲ 5.5pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 171% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €146,656
Fixed assets
€112,375 ▲ 34.4%
Current assets
€34,280 ▲ 109%
Equity and liabilities €146,656
Equity
€69,472 ▲ 30.3%
Debt
€77,184 ▲ 65.2%
Debt's share of the balance-sheet total rises from 46.7% to 52.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31,838▲
2024 · €21,383
Cash flow
€26,669▲
2024 · €19,039
Quick ratio
0.77▲
2024 · 0.34
Debt to equity
1.11▲
2024 · 0.88
ROE
23.3%▲
2024 · 10.4%
Interest coverage
35.54▼
2024 · 57.94
Debt ≤ 1 year
€43,471▼
2024 · €46,708
Debt > 1 year
€29,562
Income taxes
€7,036▲
2024 · €2,336
Staff costs
€1,374▲
2024 · €1,142
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 34,679 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €352 | €966 | €952 | €1,142 | €1,374 | ▲ 20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,334 | €18,308 | €14,461 | €13,501 | €10,506 | ▼ 22.2% |
| Other operating charges640/8 | €2,525 | €344 | €2,575 | €1,819 | €1,999 | ▲ 9.9% |
| Gross operating margin9900 | €24,671 | €41,940 | €19,621 | €24,344 | €35,211 | ▲ 44.6% |
| Operating profit (loss)9901 | €2,460 | €22,321 | €1,633 | €7,882 | €21,332 | ▲ 171% |
| Financial income75/76B | €328 | €340 | €346 | €360 | €2,763 | ▲ 667% |
| Recurring financial income75 | €328 | €340 | €346 | €360 | €2,763 | ▲ 667% |
| Financial charges65/66B | €267 | €301 | €538 | €369 | €896 | ▲ 143% |
| Recurring financial charges65 | €267 | €301 | €538 | €369 | €896 | ▲ 143% |
| Profit (loss) for the period before taxes9903 | €2,520 | €22,361 | €1,441 | €7,873 | €23,199 | ▲ 195% |
| Income taxes67/77 | - | €7,698 | €470 | €2,336 | €7,036 | ▲ 201% |
| Profit (loss) for the period9904 | €2,520 | €14,662 | €970 | €5,537 | €16,164 | ▲ 192% |
| Profit (loss) for the period to be appropriated9905 | €2,520 | €14,662 | €970 | €5,537 | €16,164 | ▲ 192% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €145,754 | €130,477 | €123,823 | €100,016 | €146,656 | ▲ 46.6% |
| Fixed assets21/28 | €128,268 | €109,960 | €97,099 | €83,598 | €112,375 | ▲ 34.4% |
| Tangible fixed assets22/27 | €128,268 | €109,960 | €97,099 | €83,598 | €112,375 | ▲ 34.4% |
| Land and buildings22 | €110,176 | €97,898 | €89,533 | €82,382 | €75,232 | ▼ 8.7% |
| Plant, machinery and equipment23 | €223 | €148 | €1,609 | €1,215 | €895 | ▼ 26.3% |
| Furniture and vehicles24 | €17,870 | €11,913 | €5,957 | - | €36,248 | - |
| Current assets29/58 | €17,486 | €20,517 | €26,724 | €16,418 | €34,280 | ▲ 109% |
| Stocks and contracts in progress3 | €9,198 | €2,170 | €390 | €755 | €700 | ▼ 7.3% |
| Stocks30/36 | €450 | €450 | €390 | €755 | €700 | ▼ 7.3% |
| Contracts in progress37 | €8,748 | €1,720 | - | - | - | - |
| Amounts receivable within one year40/41 | €4,786 | €15,414 | €23,650 | €548 | €6,766 | ▲ 1,134% |
| Trade receivables40 | €3,409 | €15,290 | €23,275 | €523 | €6,741 | ▲ 1,188% |
| Other amounts receivable41 | €1,377 | €124 | €375 | €25 | €25 | = |
| Cash at bank and in hand54/58 | €3,502 | €2,933 | €2,684 | €15,115 | €26,815 | ▲ 77.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €145,754 | €130,477 | €123,823 | €100,016 | €146,656 | ▲ 46.6% |
| Equity10/15 | €32,138 | €46,800 | €47,771 | €53,308 | €69,472 | ▲ 30.3% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Outside capital11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Other1109/19 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €2,500 | €17,162 | €18,132 | €28,308 | €44,472 | ▲ 57.1% |
| Non-distributable reserves130/1 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves not available under the articles1311 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Distributable reserves133 | - | €14,662 | €15,632 | €25,808 | €41,972 | ▲ 62.6% |
| Profit (loss) carried forward14 | €4,638 | €4,638 | €4,638 | - | - | - |
| Amounts payable17/49 | €113,616 | €83,677 | €76,053 | €46,708 | €77,184 | ▲ 65.2% |
| Amounts payable after more than one year17 | €22,642 | €1,290 | - | - | €29,562 | - |
| Financial debts170/4 | €22,642 | €1,290 | - | - | €29,562 | - |
| Amounts payable within one year42/48 | €83,751 | €73,011 | €69,181 | €46,708 | €43,471 | ▼ 6.9% |
| Current portion of amounts payable after more than one year42 | €22,954 | €19,708 | €1,299 | - | €7,339 | - |
| Trade debts44 | €3,625 | €343 | €11,389 | €1,436 | €400 | ▼ 72.2% |
| Suppliers440/4 | €3,625 | €343 | €11,389 | €1,436 | €400 | ▼ 72.2% |
| Taxes, remuneration and social security45 | €1,063 | €7,698 | €470 | €2,786 | €10,239 | ▲ 268% |
| Taxes450/3 | - | €7,698 | €470 | €2,786 | €10,239 | ▲ 268% |
| Remuneration and social security454/9 | €1,063 | - | - | - | - | - |
| Other amounts payable47/48 | €56,109 | €45,261 | €56,023 | €42,485 | €25,493 | ▼ 40.0% |
| Accrued charges and deferred income492/3 | €7,223 | €9,376 | €6,872 | - | €4,151 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,520 | €14,662 | €970 | €5,537 | €16,164 | ▲ 192% |
| + Depreciation and write-downs630 | €19,334 | €18,308 | €14,461 | €13,501 | €10,506 | ▼ 22.2% |
| Operating cash flow (approximation) | €21,854 | €32,970 | €15,431 | €19,039 | €26,669 | ▲ 40.1% |
| Investment in fixed assets (approximation) | - | €0 | -€1,600 | €0 | -€39,284 | - |
| Change in cash | - | -€569 | -€249 | €12,431 | €11,700 | ▼ 5.9% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €16,164 ▲192%
Net result €16,164, the highest in the series.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €2,520
Net result €2,520 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
30-09
Financial
Weakest financial yearnet -€4,419
Net result drops to -€4,419, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Westerlo · 1 establishment unit since 2010
Ground area
1.3 ha
Building footprint
5,732 m²
Volume, LiDAR
39,107 m³
Parcel 13039F0167/00H000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
SOVALAS
since 20102.184.891.346
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13039F0167/00H000 | Flanders | 1.3 ha | 1 · 5,732 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 909 companies in sector 25120 we hold annual accounts for 678. 419 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-12-2009
Fiscal year end30-09
Activities, NACEBEL 2025
25120Manufacture of fabricated metal products, except machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821840220
Also
9925:BE0821840220
Registered
18-06-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.