Summary
SOVANEST has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €78.72M and a net result of €23.44M. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 90% of 4556 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-09-2026, 33 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
33 d late
2024
9 d early
2023
9 d early
2022
47 d early
2021
46 d early
2020
16 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€225k
EBIT margin
-74.3%
Net result
€23.44M▲ 2,114%
2024 · €1.06M
Working capital
€22.57M▲ 1,901%
2024 · €1.13M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€225k
Operating result€-189k-€-205k▼ 8.9%€-167k▲ 18.7%€-344k▼ 106%€-698k▼ 103%
Net result€3.33M-€-295k€1.20M€1.06M▼ 11.8%€23.44M▲ 2,114%
EBIT margin-74.3%
Equity€42.99M-€42.70M▼ 0.7%€43.90M▲ 2.8%€44.96M▲ 2.4%€78.72M▲ 75.1%
Total assets€47.34M-€53.68M▲ 13.4%€53.29M▼ 0.7%€54.56M▲ 2.4%€83.30M▲ 52.7%
Debt€4.35M-€10.98M▲ 152%€9.39M▼ 14.5%€9.60M▲ 2.3%€4.58M▼ 52.3%
Working capital€1.32M-€1.66M▲ 25.4%€1.04M▼ 37.2%€1.13M▲ 8.2%€22.57M▲ 1,901%
Staff (FTE)1.9-1.8▼ 5.3%1.8=1.3▼ 27.8%1.7▲ 30.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €698k in 2025 against €344k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83.30M
Fixed assets
€56.15M ▲ 9.8%
Current assets
€27.15M ▲ 691%
Equity and liabilities €83.30M
Equity
€78.72M ▲ 75.1%
Debt
€4.58M ▼ 52.3%
Debt's share of the balance-sheet total falls from 17.6% to 5.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
29.8%▲
2024 · 2.4%
ROA
28.1%▲
2024 · 1.9%
Debt ≤ 1 year
€4.58M▲
2024 · €2.30M
Income taxes
€513k▲
2024 · €100k
Staff costs
€117k▲
2024 · €87k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €271k | - | - | - |
| Turnover70 | - | - | €225k | - | - | - |
| Other operating income74 | - | - | €47k | - | - | - |
| Operating charges60/66A | - | - | €438k | - | - | - |
| Services and other goods61 | - | - | €288k | - | - | - |
| Remuneration, social security and pensions62 | €104k | €97k | €105k | €87k | €117k | ▲ 35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37k | €38k | €35k | €35k | €62k | ▲ 77.7% |
| Other operating charges640/8 | €6k | €9k | €9k | €40k | €28k | ▼ 30.0% |
| Gross operating margin9900 | €-42k | €-62k | - | €-183k | €-491k | ▼ 169% |
| Operating profit (loss)9901 | €-189k | €-205k | €-167k | €-344k | €-698k | ▼ 103% |
| Financial income75/76B | €3.61M | €92k | €1.91M | €1.88M | €25.01M | ▲ 1,227% |
| Recurring financial income75 | €3.61M | €92k | €1.91M | €1.88M | €305k | ▼ 83.8% |
| Income from financial fixed assets750 | - | - | €1.88M | - | - | - |
| Income from current assets751 | - | - | €14k | - | - | - |
| Other financial income752/9 | - | - | €19k | - | - | - |
| Non-recurring financial income76B | - | - | - | - | €24.71M | - |
| Financial charges65/66B | €94k | €182k | €545k | €381k | €358k | ▼ 6.1% |
| Recurring financial charges65 | €94k | €182k | €545k | €381k | €358k | ▼ 6.1% |
| Debt charges650 | - | - | €471k | - | - | - |
| Other financial charges652/9 | - | - | €74k | - | - | - |
| Profit (loss) for the period before taxes9903 | €3.33M | €-295k | €1.20M | €1.16M | €23.96M | ▲ 1,967% |
| Income taxes67/77 | - | - | - | €100k | €513k | ▲ 413% |
| Profit (loss) for the period9904 | €3.33M | €-295k | €1.20M | €1.06M | €23.44M | ▲ 2,114% |
| Profit (loss) for the period to be appropriated9905 | €3.33M | €-295k | €1.20M | €1.06M | €23.44M | ▲ 2,114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47.34M | €53.68M | €53.29M | €54.56M | €83.30M | ▲ 52.7% |
| Fixed assets21/28 | €44.97M | €49.99M | €51.10M | €51.13M | €56.15M | ▲ 9.8% |
| Intangible fixed assets21 | - | - | - | €0 | - | - |
| Tangible fixed assets22/27 | €574k | €539k | €507k | €473k | €603k | ▲ 27.4% |
| Plant, machinery and equipment23 | €8k | €6k | - | - | - | - |
| Furniture and vehicles24 | €23k | €20k | €24k | €20k | €180k | ▲ 786% |
| Other tangible fixed assets26 | €542k | €513k | €483k | €453k | €423k | ▼ 6.5% |
| Financial fixed assets28 | €44.40M | €49.45M | €50.59M | €50.66M | €55.55M | ▲ 9.7% |
| Affiliated companies280/1 | - | - | €50.59M | - | - | - |
| Participating interests280 | - | - | €41.70M | - | - | - |
| Amounts receivable281 | - | - | €8.90M | - | - | - |
| Current assets29/58 | €2.37M | €3.69M | €2.19M | €3.43M | €27.15M | ▲ 691% |
| Amounts receivable after more than one year29 | - | - | €102k | - | €900k | - |
| Other amounts receivable291 | - | - | €102k | - | €900k | - |
| Amounts receivable within one year40/41 | €13k | €10k | €432k | €68k | €151k | ▲ 120% |
| Trade receivables40 | €5k | - | €4k | €36k | - | - |
| Other amounts receivable41 | €8k | €10k | €428k | €33k | €151k | ▲ 361% |
| Current investments50/53 | €2.26M | €3.56M | €1.51M | €3.01M | €19.12M | ▲ 534% |
| Other investments51/53 | - | - | €1.51M | - | - | - |
| Cash at bank and in hand54/58 | €101k | €126k | €127k | €348k | €6.98M | ▲ 1,902% |
| Deferred charges and accrued income490/1 | - | - | €15k | €3k | €4k | ▲ 50.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47.34M | €53.68M | €53.29M | €54.56M | €83.30M | ▲ 52.7% |
| Equity10/15 | €42.99M | €42.70M | €43.90M | €44.96M | €78.72M | ▲ 75.1% |
| Contributions10/11 | €15.81M | €15.81M | €15.81M | €15.81M | €15.81M | = |
| Capital10 | €13.74M | €13.74M | €13.74M | €13.74M | €13.74M | = |
| Issued capital100 | €13.74M | €13.74M | €13.74M | €13.74M | €13.74M | = |
| Outside capital11 | €2.07M | €2.07M | €2.07M | €2.07M | €2.07M | = |
| Share premium1100/10 | €2.07M | €2.07M | €2.07M | €2.07M | €2.07M | = |
| Revaluation surpluses12 | €13.73M | €13.73M | €13.73M | €13.73M | €24.04M | ▲ 75.2% |
| Reserves13 | €833k | €833k | €894k | €1.95M | €7.43M | ▲ 282% |
| Non-distributable reserves130/1 | €778k | €778k | €838k | €891k | €1.37M | ▲ 54.3% |
| Legal reserve130 | €778k | €778k | €838k | €891k | €1.37M | ▲ 54.3% |
| Distributable reserves133 | €56k | €56k | €56k | €1.06M | €6.06M | ▲ 474% |
| Profit (loss) carried forward14 | €12.62M | €12.33M | €13.47M | €13.47M | €31.43M | ▲ 133% |
| Amounts payable17/49 | €4.35M | €10.98M | €9.39M | €9.60M | €4.58M | ▼ 52.3% |
| Amounts payable after more than one year17 | €3.30M | €8.95M | €8.25M | €7.30M | - | - |
| Financial debts170/4 | €3.30M | €8.95M | €8.25M | €7.30M | - | - |
| Other loans174 | - | - | €8.25M | - | - | - |
| Amounts payable within one year42/48 | €1.05M | €2.03M | €1.15M | €2.30M | €4.58M | ▲ 98.6% |
| Current portion of amounts payable after more than one year42 | €1.00M | €1.00M | - | - | - | - |
| Trade debts44 | €32k | €19k | €36k | €92k | €18k | ▼ 80.2% |
| Suppliers440/4 | €32k | €19k | €36k | €92k | €18k | ▼ 80.2% |
| Taxes, remuneration and social security45 | €12k | €14k | €12k | €112k | €610k | ▲ 443% |
| Taxes450/3 | €734 | €3k | - | €100k | €600k | ▲ 500% |
| Remuneration and social security454/9 | €11k | €11k | €12k | €12k | €10k | ▼ 22.7% |
| Other amounts payable47/48 | €2k | €1.00M | €1.10M | €2.10M | €3.95M | ▲ 88.1% |
| Accrued charges and deferred income492/3 | €4k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.33M | €-295k | €1.20M | €1.06M | €23.44M | ▲ 2,114% |
| + Depreciation and write-downs630 | €37k | €38k | €35k | €35k | €62k | ▲ 77.7% |
| Operating cash flow (approximation) | €3.37M | €-257k | €1.24M | €1.09M | €23.51M | ▲ 2,049% |
| Investment in fixed assets (approximation) | - | €-5.05M | €-1.15M | €-63k | €-5.08M | ▼ 7,990% |
| Change in cash | - | €25k | €2k | €221k | €6.63M | ▲ 2,899% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 33 days late
2025
31-12
Financial
Highest result since 2021net €23.44M ▲2,114%
Net result €23.44M, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 5.93
Current ratio from 1.49 to 5.93.
31-12
Financial
Equity above €50MEq €78.72M ▲75.1%
3 profitable years in a row build equity to €78.72M.
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €1.20M
Net result €1.20M after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-295k
Net result drops to €-295k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Sint-Martens-Latem · 1 establishment unit since 2019
Ground area
9,606 m²
Building footprint
764 m²
Volume, LiDAR
5,145 m³
Parcel 44015A0328/00B000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
SOVANEST
since 20192.295.918.635
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015A0328/00B000 | Flanders | 9,606 m² | 1 · 764 m² | 8.1 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.
Recognitions · licences · registrations
Legal Entity Identifier
8755002PR6TWOV81O745
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 214 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
64210Activities of holding companies
66300Activities auxiliary to financial services and insurance activities
Scores and ratios are computed by Checked and are not a credit decision.