SOVAPE

Active Public limited companyfounded 1984active for 42 yearsOud-Hoflaan 21, 9150 Beveren-Kruibeke-ZwijndrechtKBO/BCE: BE 0425.506.336

SOVAPE

Financial year 2026

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Annual accounts 2026

full format, filed on 27-08-2026, 34 days before the deadline

€223,625

▲ 2.8%

€80,488

▲ 81.9%

€206,121

▲ 22.4%

€184,698

▲ 28.8%

91.6%

▲ 1.4 percentage points

76.98

▲ 63.23

Money flows

of every €100 of turnover, €26.41 remains as profit in 2026

Balance sheet

balance sheet total €1.9m on 28-02-2026

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

91.6%

Higher than 87% of 5,804 companies in 2025.

76.98

Higher than 90% of 5,555 companies in 2025.

3.1%

Higher than 52% of 5,778 companies in 2025.

SOVAPE Middle half of the sector 80% of the sector Full accounts in real estate (NACE 68)

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	1.9m	1.9m	9.9m	9.0m	7.7m	8.3m	8.4m	7.9m	6.8m	6.8m	9.1m	5.6m	5.5m	7.0m	7.1m	8.9m	7.7m	7.0m	6.5m	4.4m
`21/28`	1.6m	1.6m	1.7m	1.9m	2.3m	2.5m	2.7m	1.5m	2.1m	2.3m	2.0m	3.7m	3.8m	2.7m	3.0m	3.2m	2.5m	2.7m	2.6m	3.4m
`22/27`	1.6m	1.6m	1.7m	1.9m	2.3m	2.5m	2.7m	1.5m	1.3m	1.5m	1.7m	1.8m	1.9m	2.1m	2.3m	2.6m	1.9m	2.1m	2.3m	2.5m
`22`	1.5m	1.6m	1.6m	1.7m	2.2m	2.4m	2.5m	1.4m	1.3m	1.4m	1.5m	1.7m	1.8m	2.0m	2.2m	2.4m	1.7m	1.9m	2.1m	2.3m
`23`	61,491	56,453	70,567	84,680	98,793	112,946	137,573	21,067	35,777	50,488	65,199	79,909	94,620	109,330	124,041	138,752	153,462	126,207	136,720	146,893
`24`	85,658	13,563	23,202	42,730	54,137	69,605	59,151	79,081	17,875	35,111	52,855	70,873	4,309	5,411	18,234	31,056	38,676	50,715	4,154	10,843
`28`	446	446	446	446	447	447	447	447	800,447	800,447	340,447	1.8m	1.8m	631,838	631,838	631,838	631,838	632,745	309,338	929,071
`29/58`	311,475	263,067	8.1m	7.1m	5.4m	5.7m	5.8m	6.4m	4.6m	4.5m	7.1m	2.0m	1.7m	4.3m	4.2m	5.6m	5.1m	4.3m	3.9m	987,354
`40/41`	5,431	173	18,475	1,826	61,404	121,274	169,928	246,466	609,810	584,206	6.9m	1.9m	1.7m	915,550	980,367	879,675	927,154	1.5m	52,579	82,106
`40`	716	-	-	-	7,333	-	-	-	-	-	-	-	27	806	-	2,178	106,130	8,135	16,318	67,459
`41`	4,716	173	18,475	1,826	54,071	121,274	169,928	246,466	609,810	584,206	6.9m	1.9m	1.7m	914,745	980,367	877,497	821,024	1.5m	36,261	14,647
`50/53`	270,000	220,000	8.0m	6.9m	5.3m	5.6m	5.6m	5.5m	3.7m	3.7m	-	-	-	3.1m	2.9m	4.7m	3.8m	2.8m	3.9m	900,000
`54/58`	36,044	42,894	102,078	256,339	75,000	9,667	56,676	634,737	272,597	180,681	197,303	126,037	19,866	253,720	305,538	72,204	362,951	11,139	13,663	5,248
`490/1`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	258	-	-	-
Balance sheet: equity and liabilities
`10/49`	1.9m	1.9m	9.9m	9.0m	7.7m	8.3m	8.4m	7.9m	6.8m	6.8m	9.1m	5.6m	5.5m	7.0m	7.1m	8.9m	7.7m	7.0m	6.5m	4.4m
`10/15`	1.8m	1.7m	9.7m	8.7m	7.3m	7.3m	7.2m	7.1m	6.4m	6.3m	5.8m	633,200	5.1m	6.6m	6.8m	7.5m	7.2m	6.6m	6.3m	3.7m
`10/11`	184,700	184,700	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000
`10`	184,700	184,700	210,000	210,000	210,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	184,700	184,700	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000	210,000
`13`	1.6m	1.5m	9.5m	8.5m	7.0m	7.1m	6.8m	6.8m	6.0m	6.0m	5.5m	317,379	1.6m	1.6m	1.6m	1.7m	1.7m	1.7m	1.8m	1.9m
`130/1`	21,000	21,000	21,000	21,000	21,000	21,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000
`132`	282,808	308,209	346,017	367,771	389,526	411,280	433,035	454,789	14,853	11,216	3,506	51,432	94,313	140,546	187,087	233,474	278,245	278,245	372,327	418,867
`133`	1.3m	1.2m	9.1m	8.1m	6.6m	6.6m	6.3m	6.3m	6.0m	6.0m	5.5m	244,947	1.4m	1.4m	1.4m	1.4m	1.4m	1.4m	1.4m	1.4m
`14`	-	-	-	-	65,559	-	180,894	149,224	149,224	105,821	105,821	105,821	3.3m	4.8m	4.9m	5.6m	5.3m	4.7m	4.3m	1.6m
`16`	138,750	147,500	156,250	175,000	293,750	302,500	311,250	487,736	386,584	366,584	394,634	394,634	374,634	354,634	334,634	314,634	169,084	144,684	94,684	126,184
`160/5`	25,000	25,000	25,000	175,000	293,750	302,500	311,250	487,736	386,584	366,584	394,634	394,634	374,634	354,634	334,634	314,634	169,084	144,684	94,684	126,184
`161`	-	-	-	140,000	148,750	157,500	166,250	175,000	-	-	-	-	-	-	-	-	-	-	-	-
`162`	25,000	25,000	25,000	35,000	145,000	145,000	145,000	231,900	311,584	291,584	-	-	-	-	-	-	-	-	-	-
`163`	-	-	-	-	-	-	-	80,836	75,000	75,000	-	-	-	-	-	-	-	-	-	-
`168`	113,750	122,500	131,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`17/49`	22,432	37,091	18,766	164,391	116,584	708,812	981,643	263,386	14,538	83,882	2.9m	4.6m	56,537	22,455	26,398	1.1m	280,900	215,160	92,831	611,267
`17`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	514,328
`170/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	514,328
`42/48`	4,046	19,131	1,363	147,958	116,584	708,812	981,643	255,012	946	68,633	2.9m	4.6m	43,880	9,921	14,130	1.0m	119,291	53,551	81,657	84,359
`42`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,367
`43`	-	-	-	-	105,000	675,000	975,000	-	-	-	2.3m	4.5m	31,338	-	-	-	-	-	-	-
`430/8`	-	-	-	-	-	475,000	975,000	-	-	-	-	-	-	-	-	-	-	-	-	-
`439`	-	-	-	-	105,000	200,000	-	-	-	-	2.3m	4.5m	31,338	-	-	-	-	-	-	-
`44`	196	334	1,065	3,199	7,912	596	5,206	155,604	946	6,376	-	105,269	8,291	7,521	11,730	7,989	19,271	26,767	48,471	46,316
`440/4`	196	334	1,065	3,199	7,912	596	5,206	155,604	946	6,376	-	105,269	8,291	7,521	11,730	7,585	19,271	26,767	48,471	46,281
`441`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	405	-	-	-	35
`46`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	15,000
`45`	3,850	18,797	298	144,760	3,672	33,216	1,438	99,408	-	62,257	576,968	290	1,851	-	-	-	20	26,784	13,186	16,676
`450/3`	3,850	18,797	298	144,760	3,672	33,216	1,438	99,408	-	62,257	576,968	290	1,851	-	-	-	20	26,784	13,186	16,676
`47/48`	-	-	-	-	-	-	-	-	-	-	-	2,400	2,400	2,400	2,400	1.0m	100,000	-	-	-
`492/3`	18,386	17,960	17,404	16,433	-	-	-	8,374	13,592	15,249	12,908	12,657	12,657	12,535	12,268	26,866	161,609	161,609	11,174	12,580
Income statement
`70`	223,625	217,605	-	-	-	-	-	-	-	-	367,557	367,088	376,796	346,742	360,721	346,223	439,078	430,602	417,987	403,690
`76A`	29,358	-	-	1.3m	-	29,092	21,754	-	-	-	2,400	-	-	-	-	-	-	-	-	-
`9900`	209,920	172,832	159,544	1.5m	219,124	245,109	-22,788	809,471	219,604	299,122	311,950	313,262	311,979	266,950	315,788	293,300	426,207	731,258	618,434	359,057
`60/61`	47,120	44,774	47,846	24,474	240,878	28,766	236,160	143,246	77,826	33,662	56,559	53,826	64,817	79,792	44,932	52,923	27,342	29,772	92,425	91,174
`630`	125,633	124,140	123,527	123,527	215,109	147,195	149,265	160,087	145,512	169,482	181,254	181,254	164,338	214,338	276,058	275,276	194,495	140,299	152,100	162,327
`631/4`	-	-	-	-	-	-	-	-	-	-	50,000	-	-	-	-	-	-	72,011	-	-
`635/8`	-	-	-	-110,000	-	-	-	20,000	20,000	-28,050	-	20,000	20,000	20,000	20,000	-18,110	24,400	50,000	381,150	35,000
`640/8`	3,799	4,445	22,579	106,250	56,076	61,372	67,801	63,404	64,538	125,353	6,444	8,164	10,748	10,557	11,578	113,508	6,115	22,953	5,221	84,051
`66A`	-	-	-	-	35,000	-	-167,736	5,836	-	-	-	-	-	-	-	-	-	17,500	-	323
`9901`	80,488	44,247	13,438	1.4m	-87,061	36,542	-72,119	560,144	-10,445	32,336	74,251	103,844	116,893	22,055	8,153	-77,373	201,196	445,995	79,963	77,679
`75/76B`	-	181	1.0m	433,420	100,901	170,721	90,765	429,925	53,305	483,213	5.9m	65,623	590,559	181,019	300,397	361,560	406,981	235,561	2.7m	613,891
`75`	-	181	1.0m	169,417	100,901	170,721	69,010	429,925	53,305	483,213	5.9m	65,623	590,559	181,019	300,397	361,560	406,981	235,561	2.7m	613,891
`76B`	-	-	-	264,003	-	-	21,754	-	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	60	80	558	2,905	1,410	3,647	3,500	52	254	1,403	162,941	113,798	6,108	8,559	20,172	23,383	5,272	171,671	27,169	2,669
`65`	60	80	558	2,905	1,410	3,647	3,500	52	254	1,403	162,941	113,798	6,108	8,559	20,172	23,383	5,272	171,671	27,169	2,669
`9903`	80,427	44,348	1.0m	1.8m	12,429	203,615	15,146	990,017	42,606	514,146	5.8m	55,669	701,344	194,515	288,377	260,804	602,905	492,385	2.8m	688,578
`780`	8,750	8,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	30,113	33,797	26,152	456,554	-31,376	58,023	-16,524	32,001	-4,434	11,870	599,188	-7,272	-4,454	-11,632	26,549	-27,125	-82,302	149,763	48,572	-23,346
`9904`	59,065	19,301	1.0m	1.3m	43,805	145,592	31,670	783,015	43,403	502,276	5.2m	62,941	705,799	206,147	261,828	287,929	685,207	342,622	2.7m	711,924
`789`	25,401	21,754	21,754	21,754	21,754	-	-	-	-	-	47,926	46,387	46,233	46,541	46,387	44,771	-	47,541	-	-
`689`	-	-	-	-	-	-	-	439,936	-	7,710	-	3,506	-	-	-	-	-	-	-	-
`9905`	84,466	41,055	1.0m	1.4m	65,559	145,592	31,670	343,079	43,403	494,566	5.2m	105,821	752,032	252,688	308,215	332,700	685,207	390,163	2.7m	711,924
Appropriation of the result
`9906`	84,466	41,055	1.0m	1.4m	65,559	326,486	180,894	492,303	149,224	600,388	5.3m	3.4m	5.6m	5.2m	5.9m	5.6m	5.4m	4.7m	4.3m	1.6m
`14P`	-	-	-	65,559	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	-	-	-	-	-	-	-	-	-	1.2m	-	-	-	-	-	-	-	-
`691/2`	84,466	41,055	1.0m	1.4m	-	326,486	-	343,079	-	494,566	5.2m	-	-	-	-	-	-	-	-	-
`6921`	84,466	41,055	1.0m	1.4m	-	326,486	-	343,079	-	494,566	5.2m	-	-	-	-	-	-	-	-	-
`694/7`	-	-	-	-	-	-	-	-	-	-	-	4.5m	2.3m	350,000	1.0m	-	100,000	-	-	-
`694`	-	-	-	-	-	-	-	-	-	-	-	4.5m	2.3m	350,000	1.0m	-	-	-	-	-
`695`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100,000	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 23 older financial years (1984-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 8 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 2026 at the NBB, filed on 27-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
28-02-2026	full format	27-08-2026	2026-00448283	PDF
28-02-2025	abbreviated format	29-08-2025	2025-00429985	PDF
29-02-2024	abbreviated format	05-09-2024	2024-00453768	PDF
28-02-2023	abbreviated format	28-08-2023	2023-00382897	PDF
28-02-2022	abbreviated format	08-09-2022	2022-20422583	PDF
28-02-2021	abbreviated format	23-08-2021	2021-54500584	PDF
29-02-2020	abbreviated format	31-08-2020	2020-49500256	PDF
28-02-2019	abbreviated format	09-09-2019	2019-63700328	PDF
28-02-2018	abbreviated format	28-08-2018	2018-51500299	PDF
28-02-2017	abbreviated format	21-08-2017	2017-45400161	PDF
29-02-2016	abbreviated format	02-09-2016	2016-58900079	PDF
28-02-2015	abbreviated format	05-10-2015	2015-63600061	PDF
28-02-2014	abbreviated format	21-08-2014	2014-44300219	PDF
28-02-2013	abbreviated format	19-08-2013	2013-43400118	PDF
29-02-2012	abbreviated format	10-09-2012	2012-55900432	PDF
28-02-2011	abbreviated format	08-09-2011	2011-53900454	PDF
28-02-2010	abbreviated format	30-08-2010	2010-48700588	PDF
28-02-2009	abbreviated format	31-08-2009	2009-71400175	PDF
29-02-2008	abbreviated format	04-09-2008	2008-72300195	PDF
28-02-2007	abbreviated format	29-08-2007	2007-67100343	PDF
28-02-2006	abbreviated format	10-08-2006	2006-63001399	PDF
28-02-2005	abbreviated format	06-10-2005	2005-79401511	PDF
29-02-2004	abbreviated format	01-09-2004	2004-62502743	PDF
28-02-2003	abbreviated format	29-08-2003	2003-64102390	PDF
28-02-2002	abbreviated format	09-09-2002	2002-54501974	PDF
28-02-2001	abbreviated format	06-07-2001	2001-35100626	PDF
29-02-2000	abbreviated format	01-09-2000	2000-54302380	PDF
28-02-1999	abbreviated format	25-05-1999	1999-11402194	PDF
28-02-1998	abbreviated format	15-09-1998	1998-47002907	PDF
28-02-1997	abbreviated format	25-08-1997	1997-39202981	PDF
29-02-1996	abbreviated format	04-10-1996	1996-46700367	PDF
28-02-1995	abbreviated format	08-08-1995	1995-44803314	PDF
28-02-1994	abbreviated format	26-08-1994	1994-37204512	PDF
28-02-1993	abbreviated format	15-09-1993	1993-35800618	PDF
29-02-1992	abbreviated format	09-07-1992	1992-20800469	PDF
28-02-1991	abbreviated format	29-08-1991	1991-23700873	PDF
28-02-1990	abbreviated format	09-08-1990	1990-21401015	PDF
28-02-1989	abbreviated format	29-06-1989	1989-13301639	PDF
29-02-1988	abbreviated format	29-06-1988	1988-12601292	PDF
28-02-1987	abbreviated format	01-07-1987	1987-14705066	PDF
28-02-1986	abbreviated format	30-06-1986	1986-23501356	PDF
28-02-1985	full format	20-06-1985	1985-15602229	PDF
29-02-1984	unclassified schema	27-06-1984	1984-08202328	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
206,121	168,387	136,965	1.5m	128,048	183,737	77,146	720,231	135,066	201,818	255,506	285,098	281,231	236,393	284,211	197,902	395,692	586,294	232,063	240,006
184,698	143,441	1.1m	1.5m	258,914	292,787	180,936	943,102	188,914	671,758	5.4m	244,195	870,136	420,485	537,886	563,205	879,703	482,921	2.9m	874,251
116,554	10,502	0	8,121	0	77,339	1.3m	1.4m	0	459,994	-1.5m	84,583	864,792	-11,720	0	982,864	41,966	399,509	26,780	1.7m
-6,850	-59,184	-154,261	181,339	65,333	-47,009	-578,061	362,140	91,916	-16,622	71,267	106,171	-233,854	-51,818	233,334	-290,747	351,812	-2,524	8,415	-
307,430	243,935	8.1m	7.0m	5.3m	5.0m	4.8m	6.2m	4.6m	4.4m	4.2m	-2.6m	1.7m	4.2m	4.1m	4.6m	5.0m	4.2m	3.8m	902,995
36.0%	20.3%	-	-	-	-	-	-	-	-	20.2%	28.3%	31.0%	6.4%	2.3%	-22.3%	45.8%	-	19.1%	19.2%
91.6%	90.2%	98.2%	96.2%	94.7%	87.8%	84.7%	90.5%	94.1%	93.3%	63.9%	11.2%	92.2%	94.6%	94.9%	84.6%	94.1%	94.8%	97.1%	83.2%
76.98	13.75	-	48.24	46.37	8.11	5.89	25.21	-	65.13	2.47	0.43	39.75	-	-	5.48	42.95	80.20	48.10	11.70
0.01	0.02	0.00	0.02	0.02	0.10	0.14	0.04	0.00	0.01	0.50	7.29	0.01	0.00	0.00	0.14	0.04	0.03	0.01	0.17
3.3%	1.1%	10.5%	15.5%	0.6%	2.0%	0.4%	11.0%	0.7%	8.0%	89.1%	9.9%	13.9%	3.1%	3.9%	3.8%	9.5%	5.2%	43.0%	19.5%
3.1%	1.0%	10.3%	14.9%	0.6%	1.8%	0.4%	9.9%	0.6%	7.4%	56.9%	1.1%	12.8%	2.9%	3.7%	3.2%	8.9%	4.9%	41.8%	16.2%
over 100	over 100	over 100	over 100	90.81	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
1 day	0 days	-	-	-	-	-	-	-	-	6843 days	1847 days	0 days	1 day	992 days	2 days	88 days	7 days	14 days	61 days
2 days	3 days	8 days	48 days	12 days	8 days	8 days	396 days	4 days	69 days	-	714 days	47 days	34 days	95 days	55 days	257 days	328 days	191 days	185 days

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	28-02-2026	28-02-2025	29-02-2024	28-02-2023	28-02-2022
Tangible fixed assets	€116,554	€10,502	-	€8,121	-
	€125,633	€124,140	€123,527	€123,527	€215,109

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Insights on SOVAPE

The operating result for 2026 is 82% higher than in 2025 and the highest since 2023. It is the second rise in a row, after the fall in 2024.

Debt's share of the balance-sheet total falls from 2.0% to 1.2%. Equity is higher and debt is lower.

Large changes and their cause

2025 Net result -98%, Equity -82%, Total assets -81% on 2024. Partial demerger to BELVAPE, Official Gazette 19-04-2024.
2023 Net result +2,969% on 2022. The 2023 profit included a one-off income of €1,607,934.

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Annual accounts 2026

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency91.6%

Current ratio76.98

Return on assets3.1%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on SOVAPE

Next steps

in €m

in euro

91.6%

76.98

3.1%