SOVAPE
ActiveSummary
SOVAPE has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.76M and a net result of €59k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 95% of 57 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability82▲+2
Solvency100=
Growth36▲+4
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 76.98 against 13.75 in 2025; short-term debt: 0.2% and cash: 1.9% of total assets), and 8.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2026Solvency, return and age of the figures
Solvency
91.6%
Return on assets
3.1%
Age of the figures
7 mo
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2026 was due by 30-09-2026 and was filed on 27-08-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
34 d early
2025
32 d early
2024
25 d early
2023
33 d early
2022
22 d early
2021
38 d early
2020
30 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 28-02-2027 and is due by 30-09-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today28-02-2027 close30-09-2027 deadline
Financials · fiscal year 2026, full schema
Turnover
€224k▲ 2.8%
2025 · €218k
2025: €218k
2026: €224k▲ +2.8% vs 2025
2025 → 2026
EBIT margin
36.0%▲ 15.7pp
2025 · 20.3%
2025: 20.3%
2026: 36.0%▲ +77.0% vs 2025
2025 → 2026
Net result
€59k▲ 206%
2025 · €19k
2019: €783k
2020: €32k▼ -96.0% vs 2019
2021: €146k▲ +360% vs 2020
2022: €44k▼ -69.9% vs 2021
2023: €1.34M▲ +2969% vs 2022highest in 8 years
2024: €1.02M▼ -24.1% vs 2023
2025: €19k▼ -98.1% vs 2024lowest in 8 years
2026: €59k▲ +206% vs 2025
2019 → 2026
Working capital
€307k▲ 26.0%
2025 · €244k
2019: €6.17M
2020: €4.81M▼ -22.2% vs 2019
2021: €5.04M▲ +4.9% vs 2020
2022: €5.29M▲ +5.0% vs 2021
2023: €6.99M▲ +32.2% vs 2022
2024: €8.12M▲ +16.2% vs 2023highest in 8 years
2025: €244k▼ -97.0% vs 2024lowest in 8 years
2026: €307k▲ +26.0% vs 2025
2019 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Turnover€218k€224k▲ 2.8%
2025: €218k
2026: €224k▲ +2.8% vs 2025
Equity€7.32M-€8.66M▲ 18.4%€9.69M▲ 11.9%€1.71M▼ 82.4%€1.76M▲ 3.5%
2022: €7.32M
2023: €8.66M▲ +18.4% vs 2022
2024: €9.69M▲ +11.9% vs 2023highest in 5 years
2025: €1.71M▼ -82.4% vs 2024lowest in 5 years
2026: €1.76M▲ +3.5% vs 2025
Operating result€-87k-€1.37M€13k▼ 99.0%€44k▲ 229%€80k▲ 81.9%
2022: €-87klowest in 5 years
2023: €1.37M▲ +1674% vs 2022highest in 5 years
2024: €13k▼ -99.0% vs 2023
2025: €44k▲ +229% vs 2024
2026: €80k▲ +81.9% vs 2025
Net result€44k-€1.34M▲ 2,969%€1.02M▼ 24.1%€19k▼ 98.1%€59k▲ 206%
2022: €44k
2023: €1.34M▲ +2969% vs 2022highest in 5 years
2024: €1.02M▼ -24.1% vs 2023
2025: €19k▼ -98.1% vs 2024lowest in 5 years
2026: €59k▲ +206% vs 2025
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 82% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.93M
Fixed assets
€1.61M ▼ 0.8%
Current assets
€311k ▲ 18.4%
Equity and liabilities €1.93M
Equity
€1.76M ▲ 3.5%
Provisions
€139k ▼ 5.9%
Debt
€22k ▼ 39.5%
Debt's share of the balance-sheet total falls from 2.0% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€206k▲
2025 · €168k
Cash flow
€185k▲
2025 · €143k
Current ratio
76.98▲
2025 · 13.75
Debt to equity
0.01▼
2025 · 0.02
ROE
3.3%▲
2025 · 1.1%
ROA
3.1%▲
2025 · 1.0%
Interest coverage
3424.50▲
2025 · 2114.61
Debt ≤ 1 year
€4k▼
2025 · €19k
Income taxes
€30k▼
2025 · €34k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 54 lines
Balance sheet
Code20252026
Assets
Total assets20/58€1.89M€1.93M▲
Fixed assets21/28€1.63M€1.61M▼
Tangible fixed assets22/27€1.63M€1.61M▼
Land and buildings22€1.56M€1.47M▼
Plant, machinery and equipment23€56k€61k▲
Furniture and vehicles24€14k€86k▲
Financial fixed assets28€446€446=
Current assets29/58€263k€311k▲
Amounts receivable within one year40/41€173€5k▲
Trade receivables40-€716
Other amounts receivable41€173€5k▲
Current investments50/53€220k€270k▲
Cash at bank and in hand54/58€43k€36k▼
Equity and liabilities
Total equity and liabilities10/49€1.89M€1.93M▲
Equity10/15€1.71M€1.76M▲
Contributions10/11€185k€185k=
Capital10€185k€185k=
Issued capital100€185k€185k=
Reserves13€1.52M€1.58M▲
Non-distributable reserves130/1€21k€21k=
Legal reserve130€21k€21k=
Tax-exempt reserves132€308k€283k▼
Distributable reserves133€1.19M€1.28M▲
Provisions and deferred taxes16€148k€139k▼
Provisions for liabilities and charges160/5€25k€25k=
Major repairs and maintenance162€25k€25k=
Deferred taxes168€123k€114k▼
Amounts payable17/49€37k€22k▼
Amounts payable within one year42/48€19k€4k▼
Trade debts44€334€196▼
Suppliers440/4€334€196▼
Taxes, remuneration and social security45€19k€4k▼
Taxes450/3€19k€4k▼
Accrued charges and deferred income492/3€18k€18k▲
Income statement
Code20252026
Turnover70€218k€224k▲
Non-recurring operating income76A-€29k
Goods, raw materials, services and sundry goods60/61€45k€47k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€124k€126k▲
Other operating charges640/8€4k€4k▼
Gross operating margin9900€173k€210k▲
Operating profit (loss)9901€44k€80k▲
Financial income75/76B€181-
Recurring financial income75€181-
Financial charges65/66B€80€60▼
Recurring financial charges65€80€60▼
Profit (loss) for the period before taxes9903€44k€80k▲
Transfer from deferred taxes780€9k€9k=
Income taxes67/77€34k€30k▼
Profit (loss) for the period9904€19k€59k▲
Transfer from tax-exempt reserves789€22k€25k▲
Profit (loss) for the period to be appropriated9905€41k€84k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€84k▲
Transfer to equity691/2€41k€84k▲
To other reserves6921€41k€84k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €218k | €224k | ▲ 2.8% |
| Non-recurring operating income76A | - | €1.34M | - | - | €29k | - |
| Goods, raw materials, services and sundry goods60/61 | €241k | €24k | €48k | €45k | €47k | ▲ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €215k | €124k | €124k | €124k | €126k | ▲ 1.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €-110k | - | - | - | - |
| Other operating charges640/8 | €56k | €106k | €23k | €4k | €4k | ▼ 14.5% |
| Non-recurring operating charges66A | €35k | - | - | - | - | - |
| Gross operating margin9900 | €219k | €1.49M | €160k | €173k | €210k | ▲ 21.5% |
| Operating profit (loss)9901 | €-87k | €1.37M | €13k | €44k | €80k | ▲ 81.9% |
| Financial income75/76B | €101k | €433k | €1.03M | €181 | - | - |
| Recurring financial income75 | €101k | €169k | €1.03M | €181 | - | - |
| Non-recurring financial income76B | - | €264k | - | - | - | - |
| Financial charges65/66B | €1k | €3k | €558 | €80 | €60 | ▼ 24.4% |
| Recurring financial charges65 | €1k | €3k | €558 | €80 | €60 | ▼ 24.4% |
| Profit (loss) for the period before taxes9903 | €12k | €1.80M | €1.05M | €44k | €80k | ▲ 81.4% |
| Transfer from deferred taxes780 | - | - | - | €9k | €9k | = |
| Income taxes67/77 | €-31k | €457k | €26k | €34k | €30k | ▼ 10.9% |
| Profit (loss) for the period9904 | €44k | €1.34M | €1.02M | €19k | €59k | ▲ 206% |
| Transfer from tax-exempt reserves789 | €22k | €22k | €22k | €22k | €25k | ▲ 16.8% |
| Profit (loss) for the period to be appropriated9905 | €66k | €1.37M | €1.04M | €41k | €84k | ▲ 106% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.73M | €9.00M | €9.87M | €1.89M | €1.93M | ▲ 1.9% |
| Fixed assets21/28 | €2.32M | €1.86M | €1.74M | €1.63M | €1.61M | ▼ 0.8% |
| Tangible fixed assets22/27 | €2.32M | €1.86M | €1.74M | €1.63M | €1.61M | ▼ 0.8% |
| Land and buildings22 | €2.17M | €1.74M | €1.65M | €1.56M | €1.47M | ▼ 5.8% |
| Plant, machinery and equipment23 | €99k | €85k | €71k | €56k | €61k | ▲ 8.9% |
| Furniture and vehicles24 | €54k | €43k | €23k | €14k | €86k | ▲ 532% |
| Financial fixed assets28 | €447 | €446 | €446 | €446 | €446 | = |
| Current assets29/58 | €5.41M | €7.14M | €8.12M | €263k | €311k | ▲ 18.4% |
| Amounts receivable within one year40/41 | €61k | €2k | €18k | €173 | €5k | ▲ 3,046% |
| Trade receivables40 | €7k | - | - | - | €716 | - |
| Other amounts receivable41 | €54k | €2k | €18k | €173 | €5k | ▲ 2,631% |
| Current investments50/53 | €5.27M | €6.88M | €8.00M | €220k | €270k | ▲ 22.7% |
| Cash at bank and in hand54/58 | €75k | €256k | €102k | €43k | €36k | ▼ 16.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.73M | €9.00M | €9.87M | €1.89M | €1.93M | ▲ 1.9% |
| Equity10/15 | €7.32M | €8.66M | €9.69M | €1.71M | €1.76M | ▲ 3.5% |
| Contributions10/11 | €210k | €210k | €210k | €185k | €185k | = |
| Capital10 | €210k | €210k | €210k | €185k | €185k | = |
| Issued capital100 | €210k | €210k | €210k | €185k | €185k | = |
| Reserves13 | €7.04M | €8.45M | €9.48M | €1.52M | €1.58M | ▲ 3.9% |
| Non-distributable reserves130/1 | €21k | €21k | €21k | €21k | €21k | = |
| Legal reserve130 | €21k | €21k | €21k | €21k | €21k | = |
| Tax-exempt reserves132 | €390k | €368k | €346k | €308k | €283k | ▼ 8.2% |
| Distributable reserves133 | €6.63M | €8.06M | €9.11M | €1.19M | €1.28M | ▲ 7.1% |
| Profit (loss) carried forward14 | €66k | - | - | - | - | - |
| Provisions and deferred taxes16 | €294k | €175k | €156k | €148k | €139k | ▼ 5.9% |
| Provisions for liabilities and charges160/5 | €294k | €175k | €25k | €25k | €25k | = |
| Taxes161 | €149k | €140k | - | - | - | - |
| Major repairs and maintenance162 | €145k | €35k | €25k | €25k | €25k | = |
| Deferred taxes168 | - | - | €131k | €123k | €114k | ▼ 7.1% |
| Amounts payable17/49 | €117k | €164k | €19k | €37k | €22k | ▼ 39.5% |
| Amounts payable within one year42/48 | €117k | €148k | €1k | €19k | €4k | ▼ 78.9% |
| Financial debts43 | €105k | - | - | - | - | - |
| Other loans439 | €105k | - | - | - | - | - |
| Trade debts44 | €8k | €3k | €1k | €334 | €196 | ▼ 41.5% |
| Suppliers440/4 | €8k | €3k | €1k | €334 | €196 | ▼ 41.5% |
| Taxes, remuneration and social security45 | €4k | €145k | €298 | €19k | €4k | ▼ 79.5% |
| Taxes450/3 | €4k | €145k | €298 | €19k | €4k | ▼ 79.5% |
| Accrued charges and deferred income492/3 | - | €16k | €17k | €18k | €18k | ▲ 2.4% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44k | €1.34M | €1.02M | €19k | €59k | ▲ 206% |
| + Depreciation and write-downs630 | €215k | €124k | €124k | €124k | €126k | ▲ 1.2% |
| Operating cash flow (approximation) | €259k | €1.47M | €1.14M | €143k | €185k | ▲ 28.8% |
| Investment in fixed assets (approximation) | - | €335k | €0 | €-11k | €-113k | ▼ 975% |
| Change in cash | - | €181k | €-154k | €-59k | €-7k | ▲ 88.4% |
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 2027, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
28-02
Financial
Liquidity times 6current ratio 76.98
Current ratio from 13.75 to 76.98; short-term debt falls from €19k to €4k.
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
28-02
Financial
Weakest financial yearnet €19k ▼98.1%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
2024
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
29-02
Financial
Liquidity times 124current ratio 5962.24
Current ratio from 48.24 to 5962.24; short-term debt falls from €148k to €1k.
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
28-02
Financial
Highest result since 2019net €1.34M ▲2,969%
Operating result €1.37M, net result €1.34M, both a record.
2022
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
28-02
Financial
Liquidity times 6current ratio 46.37
Current ratio from 8.11 to 46.37; short-term debt falls from €709k to €117k.
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2019
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1984
Ground area
3,205 m²
Building footprint
459 m²
Volume, LiDAR
2,285 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Oud-Hoflaan 23, 9150 Beveren-Kruibeke-Zwijndrecht
since 19842.024.048.817
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46001B0042/00M007 | Flanders | 1,655 m² | 1 · 262 m² | 7.1 m · 2 fl. |
| 46001B0042/00W004 | Flanders | 1,550 m² | 1 · 197 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,742 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
Founded27-01-1984
Fiscal year end28-02
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
47521Retail sale of hardware, building materials, paint and glass (general range)
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.