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SOVAPE

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

Lifetime

20 annual accounts with figures on one time axis, 43 filings since 1984
peak €1.5m (2023)
€209,920▲ 21.5%
peak €5.2m (2016)
€59,065▲ 206%
peak €9.7m (2024)
€1.8m▲ 3.5%
€22,432▼ 39.5%
Board3 names since 2022
3 directorsOTTEN Godelieve Albéric Maria Theresia and 2 others
Owners
  
Documentsfilings and deeds
27-08-202634 days before the deadline
2026financial year
Gross margin from €172,832 to €209,920Result from €19,301 to €59,065Debts from €37,091 to €22,432

Key points

from the 2026 annual accounts

Equity

€1.8m from €9.7m in 2024

Equity fell by 82% in 2 years.

Liquidity

76.98 was 13.75 in 2025

Short-term debts fell from €19,131 to €4,046.

Filings

43 annual accounts since 1984
deadline199520102025

The last five annual accounts were filed 22 to 34 days before the end of the period.

Checked score

96
Excellent
Financially stronger than 71% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: 0.1%▲ +0.1 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026highest value 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

100=equity 91.6% of total assets
52-1short-term debt 0.2% · cash 1.9%
82+2return on assets 3.1%

Score breakdown

raises risk
Liquidity: current ratio 76.98, cash €36,044
lowers risk
Figures for financial year 2026 (filed on 29-08-2026)
Founded in 1984
Size: turnover €223,625, total assets €1.9m
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 (NACE 68, micro). It does better than 91% of them on solvency, 60% on liquidity, 79% on profitability and 54% on growth.

The bankruptcy probability was computed on 06-11-2026 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 28-02-2026.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).

Comparable companies, two years later

In July 2024, 14,766 companies had the same profile as SOVAPE has now. Each dot stands for 37 companies, two years later.

96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of SOVAPE itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 14,766 companies, not a prediction for SOVAPE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €22,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 76.98 (13.75 in 2025), above the usual 1.5. Short-term debt is 0.2% and cash 1.9% of total assets. 8.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 76.98, cash €36,044
NBB · annual accounts
lowers risk · Figures for financial year 2026 (filed on 29-08-2026)
NBB · annual accounts
lowers risk · Founded in 1984
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: turnover €223,625, total assets €1.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 filings
Deviation from the deadline
2026
34 days early
2025
32 days early
2024
25 days early
2023
33 days early
2022
22 days early
2021
38 days early
2020
30 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 28-02-2027 and is due by 30-09-2027. Nothing is late today. The company usually files around 29 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
07-11-2026 today28-02-2027 year end30-09-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0425506336
Demerger: SOVAPE splits off to BELVAPE Capital decrease of €25,300 to €184,700 · Capital from €210,000 to €184,700 · General meeting of 29-03-2024 · Gazette deed
Demerger proposal: SOVAPE splits off to BELVAPE Appointments: Leo Van Pelt (director) and Godelieve Otten (director) · Gazette deed
3 directors reappointed VAN PELT Leo Lodewijk (managing director), OTTEN Godelieve Albéric Maria Theresia and VAN PELT Miek Katrien · Board meeting of 30-09-2022 · Gazette deed
All 60 events

Comparable companies

same main activity, similar in size and age
Company
SOVAPE Beveren-Kruibeke-Zwijndrecht €1.9m €209,920 91.6% -
VK-IMMO Evergem €2.1m €229,303 45.8% -
IMMO-VOSSAERT Oudenaarde €1.8m €243,506 97.0% -
SAGUNA Berlare €1.6m €194,756 19.3% -
CASTELLINO Harelbeke €1.9m €189,589 51.4% 0
JADIMO Molenbeek-Saint-Jean €2.1m €185,914 96.3% -
De Meander Merchtem €2.0m €203,249 4.3% 0

These companies have the same main activity as SOVAPE: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.6m and €2.1m, founded between 1980 and 1989.

Official details

Source: KBO
Status
Active since 27-01-1984Normal situation
Activity
Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 2 others
Establishment unit
2.024.048.8179150 Beveren-Kruibeke-Zwijndrecht, since 09-02-1984
Financial year end
28 February
Peppol
Reachable since 01-11-2025
Company details

Annual accounts to 28-02-2026

€223,625▲ 2.8%
€59,065▲ 206%
€1.8m▲ 3.5%
€1.9m▲ 1.9%
Filing
Filed on 27-08-2026, 34 days before the end of the filing period
Financials

Insights on SOVAPE

SOVAPE has existed since 1984. The gross margin fell from €1.5m in 2023 to €159,544 in 2024.

In October 2022, the Official Gazette published the appointment of VAN PELT Leo Lodewijk as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

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 Trend20262025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 1.9m1.9m9.9m9.0m7.7m8.3m8.4m7.9m6.8m6.8m9.1m5.6m5.5m7.0m7.1m8.9m7.7m7.0m6.5m4.4m
21/28 1.6m1.6m1.7m1.9m2.3m2.5m2.7m1.5m2.1m2.3m2.0m3.7m3.8m2.7m3.0m3.2m2.5m2.7m2.6m3.4m
22/27 1.6m1.6m1.7m1.9m2.3m2.5m2.7m1.5m1.3m1.5m1.7m1.8m1.9m2.1m2.3m2.6m1.9m2.1m2.3m2.5m
22 1.5m1.6m1.6m1.7m2.2m2.4m2.5m1.4m1.3m1.4m1.5m1.7m1.8m2.0m2.2m2.4m1.7m1.9m2.1m2.3m
23 61,49156,45370,56784,68098,793112,946137,57321,06735,77750,48865,19979,90994,620109,330124,041138,752153,462126,207136,720146,893
24 85,65813,56323,20242,73054,13769,60559,15179,08117,87535,11152,85570,8734,3095,41118,23431,05638,67650,7154,15410,843
28 446446446446447447447447800,447800,447340,4471.8m1.8m631,838631,838631,838631,838632,745309,338929,071
29/58 311,475263,0678.1m7.1m5.4m5.7m5.8m6.4m4.6m4.5m7.1m2.0m1.7m4.3m4.2m5.6m5.1m4.3m3.9m987,354
40/41 5,43117318,4751,82661,404121,274169,928246,466609,810584,2066.9m1.9m1.7m915,550980,367879,675927,1541.5m52,57982,106
40 716---7,333-------27806-2,178106,1308,13516,31867,459
41 4,71617318,4751,82654,071121,274169,928246,466609,810584,2066.9m1.9m1.7m914,745980,367877,497821,0241.5m36,26114,647
50/53 270,000220,0008.0m6.9m5.3m5.6m5.6m5.5m3.7m3.7m---3.1m2.9m4.7m3.8m2.8m3.9m900,000
54/58 36,04442,894102,078256,33975,0009,66756,676634,737272,597180,681197,303126,03719,866253,720305,53872,204362,95111,13913,6635,248
490/1 ----------------258---
Balance sheet: equity and liabilities
10/49 1.9m1.9m9.9m9.0m7.7m8.3m8.4m7.9m6.8m6.8m9.1m5.6m5.5m7.0m7.1m8.9m7.7m7.0m6.5m4.4m
10/15 1.8m1.7m9.7m8.7m7.3m7.3m7.2m7.1m6.4m6.3m5.8m633,2005.1m6.6m6.8m7.5m7.2m6.6m6.3m3.7m
10/11 184,700184,700210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000
10 184,700184,700210,000210,000210,000---------------
100 184,700184,700210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000210,000
13 1.6m1.5m9.5m8.5m7.0m7.1m6.8m6.8m6.0m6.0m5.5m317,3791.6m1.6m1.6m1.7m1.7m1.7m1.8m1.9m
130/1 21,00021,00021,00021,00021,00021,000--------------
130 21,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,000
132 282,808308,209346,017367,771389,526411,280433,035454,78914,85311,2163,50651,43294,313140,546187,087233,474278,245278,245372,327418,867
133 1.3m1.2m9.1m8.1m6.6m6.6m6.3m6.3m6.0m6.0m5.5m244,9471.4m1.4m1.4m1.4m1.4m1.4m1.4m1.4m
14 ----65,559-180,894149,224149,224105,821105,821105,8213.3m4.8m4.9m5.6m5.3m4.7m4.3m1.6m
16 138,750147,500156,250175,000293,750302,500311,250487,736386,584366,584394,634394,634374,634354,634334,634314,634169,084144,68494,684126,184
160/5 25,00025,00025,000175,000293,750302,500311,250487,736386,584366,584394,634394,634374,634354,634334,634314,634169,084144,68494,684126,184
161 ---140,000148,750157,500166,250175,000------------
162 25,00025,00025,00035,000145,000145,000145,000231,900311,584291,584----------
163 -------80,83675,00075,000----------
168 113,750122,500131,250-----------------
17/49 22,43237,09118,766164,391116,584708,812981,643263,38614,53883,8822.9m4.6m56,53722,45526,3981.1m280,900215,16092,831611,267
17 -------------------514,328
170/4 -------------------514,328
42/48 4,04619,1311,363147,958116,584708,812981,643255,01294668,6332.9m4.6m43,8809,92114,1301.0m119,29153,55181,65784,359
42 -------------------6,367
43 ----105,000675,000975,000---2.3m4.5m31,338-------
430/8 -----475,000975,000-------------
439 ----105,000200,000----2.3m4.5m31,338-------
44 1963341,0653,1997,9125965,206155,6049466,376-105,2698,2917,52111,7307,98919,27126,76748,47146,316
440/4 1963341,0653,1997,9125965,206155,6049466,376-105,2698,2917,52111,7307,58519,27126,76748,47146,281
441 ---------------405---35
46 ------------------20,00015,000
45 3,85018,797298144,7603,67233,2161,43899,408-62,257576,9682901,851---2026,78413,18616,676
450/3 3,85018,797298144,7603,67233,2161,43899,408-62,257576,9682901,851---2026,78413,18616,676
47/48 -----------2,4002,4002,4002,4001.0m100,000---
492/3 18,38617,96017,40416,433---8,37413,59215,24912,90812,65712,65712,53512,26826,866161,609161,60911,17412,580
Income statement
70 223,625217,605--------367,557367,088376,796346,742360,721346,223439,078430,602417,987403,690
76A 29,358--1.3m-29,09221,754---2,400---------
9900 209,920172,832159,5441.5m219,124245,109-22,788809,471219,604299,122311,950313,262311,979266,950315,788293,300426,207731,258618,434359,057
60/61 47,12044,77447,84624,474240,87828,766236,160143,24677,82633,66256,55953,82664,81779,79244,93252,92327,34229,77292,42591,174
630 125,633124,140123,527123,527215,109147,195149,265160,087145,512169,482181,254181,254164,338214,338276,058275,276194,495140,299152,100162,327
631/4 ----------50,000------72,011--
635/8 ----110,000---20,00020,000-28,050-20,00020,00020,00020,000-18,11024,40050,000381,15035,000
640/8 3,7994,44522,579106,25056,07661,37267,80163,40464,538125,3536,4448,16410,74810,55711,578113,5086,11522,9535,22184,051
66A ----35,000--167,7365,836---------17,500-323
9901 80,48844,24713,4381.4m-87,06136,542-72,119560,144-10,44532,33674,251103,844116,89322,0558,153-77,373201,196445,99579,96377,679
75/76B -1811.0m433,420100,901170,72190,765429,92553,305483,2135.9m65,623590,559181,019300,397361,560406,981235,5612.7m613,891
75 -1811.0m169,417100,901170,72169,010429,92553,305483,2135.9m65,623590,559181,019300,397361,560406,981235,5612.7m613,891
76B ---264,003--21,754-------------
65/66B 60805582,9051,4103,6473,500522541,403162,941113,7986,1088,55920,17223,3835,272171,67127,1692,669
65 60805582,9051,4103,6473,500522541,403162,941113,7986,1088,55920,17223,3835,272171,67127,1692,669
9903 80,42744,3481.0m1.8m12,429203,61515,146990,01742,606514,1465.8m55,669701,344194,515288,377260,804602,905492,3852.8m688,578
780 8,7508,750------------------
67/77 30,11333,79726,152456,554-31,37658,023-16,52432,001-4,43411,870599,188-7,272-4,454-11,63226,549-27,125-82,302149,76348,572-23,346
9904 59,06519,3011.0m1.3m43,805145,59231,670783,01543,403502,2765.2m62,941705,799206,147261,828287,929685,207342,6222.7m711,924
789 25,40121,75421,75421,75421,754-----47,92646,38746,23346,54146,38744,771-47,541--
689 -------439,936-7,710-3,506--------
9905 84,46641,0551.0m1.4m65,559145,59231,670343,07943,403494,5665.2m105,821752,032252,688308,215332,700685,207390,1632.7m711,924
Appropriation of the result
9906 84,46641,0551.0m1.4m65,559326,486180,894492,303149,224600,3885.3m3.4m5.6m5.2m5.9m5.6m5.4m4.7m4.3m1.6m
14P ---65,559----------------
791/2 -----------1.2m--------
691/2 84,46641,0551.0m1.4m-326,486-343,079-494,5665.2m---------
6921 84,46641,0551.0m1.4m-326,486-343,079-494,5665.2m---------
694/7 -----------4.5m2.3m350,0001.0m-100,000---
694 -----------4.5m2.3m350,0001.0m-----
695 ----------------100,000---
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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
Line Trend20262025202420232022202120202019201820172016201520142013201220112010200920082007
206,121168,387136,9651.5m128,048183,73777,146720,231135,066201,818255,506285,098281,231236,393284,211197,902395,692586,294232,063240,006
184,698143,4411.1m1.5m258,914292,787180,936943,102188,914671,7585.4m244,195870,136420,485537,886563,205879,703482,9212.9m874,251
116,55410,50208,121077,3391.3m1.4m0459,994-1.5m84,583864,792-11,7200982,86441,966399,50926,7801.7m
-6,850-59,184-154,261181,33965,333-47,009-578,061362,14091,916-16,62271,267106,171-233,854-51,818233,334-290,747351,812-2,5248,415-
307,430243,9358.1m7.0m5.3m5.0m4.8m6.2m4.6m4.4m4.2m-2.6m1.7m4.2m4.1m4.6m5.0m4.2m3.8m902,995
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%
76.9813.75-48.2446.378.115.8925.21-65.132.470.4339.75--5.4842.9580.2048.1011.70
0.010.020.000.020.020.100.140.040.000.010.507.290.010.000.000.140.040.030.010.17
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 100over 100over 100over 10090.81---------------
1 day0 days--------6843 days1847 days0 days1 day992 days2 days88 days7 days14 days61 days
2 days3 days8 days48 days12 days8 days8 days396 days4 days69 days-714 days47 days34 days95 days55 days257 days328 days191 days185 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
Item28-02-202628-02-202529-02-202428-02-202328-02-2022
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.

Board & ownership

Board

3 directors, 1 in day-to-day management, last change in 2022
OTTEN Godelieve Albéric Maria Theresia
Director
in office according to the deed of 18-10-2022 6-year term from 2022
VAN PELT Leo Lodewijk
Director and managing director
in office according to the deed of 18-10-2022 6-year term from 2022
VAN PELT Miek Katrien
Director
in office according to the deed of 18-10-2022 6-year term from 2022
VAN PELT Leo Lodewijk

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
OTTEN Godelieve Albéric Maria Theresia
Director
VAN PELT Leo Lodewijk
Director, Managing director
VAN PELT Miek Katrien
Director
LeadershipBoardRest of the termmandate already running before its first mention
Mandates as a list
  • OTTEN Godelieve Albéric Maria Theresia
    • Director, since before 28-02-2022
  • VAN PELT Leo Lodewijk
    • Director, since before 28-02-2022
    • Managing director, since before 30-09-2022
  • VAN PELT Miek Katrien
    • Director, since before 28-02-2022

See the board, name and registered office on a given date →

Control

Shareholder in 2014
VAPEX
99.2%
This company
SOVAPE
Equity €1.8m
Profit €59,065 in 2026

Capital

Capital
€184,700
Source
deed of 19-04-2024

Owners through the years

as the annual accounts name them
VAPEX
99.2%
99.2%
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 19-04-2024 (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.
“Met uitzondering enige bestuurder voor bepaalde of onbepaalde termijn,bestuurders benoemd voor ten hoogste zes jaar, algemene vergadering…”
Financial yearThe company draws up its annual accounts over this twelve-month period.
“§3. De oproeping tot de algemene vergadering omvat een heldere en nauwkeurige beschrijving van de krachtens §1 door het bestuursorgaan…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 15:00

Network & group

Holdings

own accounts to 29-02-2024, the bar shows equity in euros
This companySOVAPE1 holding, 1 country accounts to 29-02-2024

Belgium 1 Equity Result

Source: list of holdings in its own 29-02-2024 accounts. Every holding stands with its own latest accounts.

At the same address

Oud-Hoflaan 21, 9150 Beveren-Kruibeke-Zwijndrecht · 1 other company
BELVAPE
registered office since 29-03-2024 · founded in 2024
 total assets €8.0m (2025)
1008.245.516

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
Holdings through the years 2007 to 2024
Holdings through the years
Name200720082009201020112012201320142015201620172018201920202021202220232024
Velodi 50%99.6%
IMMO FALCONIS 25%50%19%
LOHISSE IMMO 25%50.1%
Musical Dreams 10%
IMPLANT 50%

Source: list of holdings in its own accounts

Acquisitions and mergers

1 transaction
Split off to:BELVAPE
partial demerger · Gazette deed of 19-04-2024 (3 deeds)

Connections & network

3 current directors
Depth

The network starts from the directors of SOVAPE. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

60 events since 1984

Deadline for the 2027 accounts: 30-09-2027

2026
Annual accounts 2026 filed NBBfull format · 34 days before the deadline
Liquidity more than 5 times current ratio 76.98 The current ratio rises from 13.75 to 76.98. Short-term debt falls from €19,131 to €4,046.
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0425506336
Annual accounts 2025 filed PDFabbreviated format · 32 days before the deadline
Weakest financial year net €19,301 ▼98.1% The net result drops to €19,301, the lowest from 2007 to 2026. It recovers the following year.
2024
Annual accounts 2024 filed PDFabbreviated format · 25 days before the deadline
Demerger: SOVAPE splits off to BELVAPECapital decrease of €25,300 to €184,700 · Capital from €210,000 to €184,700 · General meeting of 29-03-20244 points ▸
  • General meeting, 29-03-2024
  • Capital, €184,700, 12,500 shares
  • Capital decrease, €25,300
  • Amendment of the articles, article 5
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Liquidity more than 123 times current ratio 5962.24 The current ratio rises from 48.24 to 5962.24. Short-term debt falls from €147,958 to €1,363.
Demerger proposal: SOVAPE splits off to BELVAPEAppointments: Leo Van Pelt (director) and Godelieve Otten (director)6 points ▸
  • Board composition, Leo Van Pelt (director)
  • Board composition, Godelieve Otten (director)
  • Board composition, Miek Van Pelt (director)
  • Director appointment, Leo Van Pelt
  • Director appointment, Godelieve Otten
  • Accounting effect, 01-03-2024
  • The deed holds 10 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2023 filed PDFabbreviated format · 33 days before the deadline
2022
3 directors reappointedVAN PELT Leo Lodewijk (managing director), OTTEN Godelieve Albéric Maria Theresia and VAN PELT Miek Katrien · Board meeting of 30-09-20226 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · 22 days before the deadline
Liquidity more than 5 times current ratio 46.37 The current ratio rises from 8.11 to 46.37. Short-term debt falls from €708,812 to €116,584.
2021
Annual accounts 2021 filed PDFabbreviated format · 38 days before the deadline
2020
Annual accounts 2020 filed PDFabbreviated format · 30 days before the deadline
2019
Annual accounts 2019 filed PDFabbreviated format · 21 days before the deadline
2018
Annual accounts 2018 filed PDFabbreviated format · 33 days before the deadline
Liquidity more than 74 times current ratio 4874.53 The current ratio rises from 65.13 to 4874.53. Short-term debt falls from €68,633 to €946.
2017
Annual accounts 2017 filed PDFabbreviated format · 40 days before the deadline
Liquidity more than 26 times current ratio 65.13 The current ratio rises from 2.47 to 65.13. Short-term debt falls from €2.9m to €68,633.
2016
Annual accounts 2016 filed PDFabbreviated format · 28 days before the deadline
Highest result from 2007 to 2026 net €5.2m ▲8,123% The net result of €5.2m is the highest of those years.
Liquidity more than 5 times current ratio 2.47 The current ratio rises from 0.43 to 2.47. Short-term debt falls from €4.6m to €2.9m.
2015
Annual accounts 2015 filed PDFabbreviated format · 5 days late
2014
Annual accounts 2014 filed PDFabbreviated format · 40 days before the deadline
2013
Annual accounts 2013 filed PDFabbreviated format · 42 days before the deadline
2012
Annual accounts 2012 filed PDFabbreviated format · 20 days before the deadline
Liquidity more than 53 times current ratio 294.31 The current ratio rises from 5.48 to 294.31. Short-term debt falls from €1.0m to €14,130.
2011
Annual accounts 2011 filed PDFabbreviated format · 22 days before the deadline
2010
Annual accounts 2010 filed PDFabbreviated format · 31 days before the deadline
2009
Annual accounts 2009 filed PDFabbreviated format · 30 days before the deadline
2008
Annual accounts 2008 filed PDFabbreviated format · 26 days before the deadline
Liquidity more than quadruples current ratio 48.10 The current ratio rises from 11.70 to 48.10. Short-term debt falls from €84,359 to €81,657.
Equity above €5m equity €6.3m ▲73.3% With a profit in every financial year since 2007, equity grows to €6.3m.
2007
Annual accounts 2007 filed PDFabbreviated format · 32 days before the deadline
2006
Annual accounts 2006 filed PDFabbreviated format · 51 days before the deadline
2005
Annual accounts 2005 filed PDFabbreviated format
2004
Annual accounts 2004 filed PDFabbreviated format
2003
Annual accounts 2003 filed PDFabbreviated format
2002
Annual accounts 2002 filed PDFabbreviated format
2001
Annual accounts 2001 filed PDFabbreviated format
2000
Annual accounts 2000 filed PDFabbreviated format
1999
Annual accounts 1999 filed PDFabbreviated format
1998
Annual accounts 1998 filed PDFabbreviated format
1997
Annual accounts 1997 filed PDFabbreviated format
1996
Annual accounts 1996 filed PDFabbreviated format
1995
Annual accounts 1995 filed PDFabbreviated format
1994
Annual accounts 1994 filed PDFabbreviated format
1993
Annual accounts 1993 filed PDFabbreviated format
1992
Annual accounts 1992 filed PDFabbreviated format
1991
Annual accounts 1991 filed PDFabbreviated format
1990
Annual accounts 1990 filed PDFabbreviated format
1989
Annual accounts 1989 filed PDFabbreviated format
1988
Annual accounts 1988 filed PDFabbreviated format
1987
Annual accounts 1987 filed PDFabbreviated format
1986
Annual accounts 1986 filed PDFabbreviated format
1985
Annual accounts 1985 filed PDFfull format
1984
Annual accounts 1984 filed PDFunclassified schema
First establishment Oud-Hoflaan 23, Beveren-Kruibeke-Zwijndrecht
Incorporation KBO

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 27 January 1984, SOVAPE was incorporated.1 The company has filed 43 sets of annual accounts, the latest for financial year 2026.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2026

Company details

Identity

Enterprise number
0425.506.336
VAT number
BE 0425.506.336
Peppol ID
0208:0425506336
Other Peppol ID
9925:BE0425506336
Legal form
Public limited company
Status
Active, normal situation
Founded
27-01-1984
Financial year
ends on 28 February
Financial yearThe company draws up its annual accounts over this twelve-month period.
“§3. De oproeping tot de algemene vergadering omvat een heldere en nauwkeurige beschrijving van de krachtens §1 door het bestuursorgaan…”
deed of 19-04-2024 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 15:00
deed of 19-04-2024 (in Dutch)
Peppol
Reachable since 01-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
SOVAPE in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 19-04-2024 (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 19-04-2024 (in Dutch)

Activities

NACEBEL 2025
68203 Renting and operating of own or leased non-residential real estate, excluding land main activity
47521 Retail sale of hardware, building materials, paint and glass (general range)
64210 Activities of holding companies
Codes under NACEBEL 2008
68203 Real estate rental main activity
47521 Retail trade
64200 Holdings
Codes under NACEBEL 2003
52461 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“De aan- en verkoop van vaste of beweegbare panelen,het verwerven van participaties onder gelijk welke vorm in alle handels-,industriële en…”
10 activities
  1. De aan- en verkoop van vaste of beweegbare panelen,het verwerven van participaties onder gelijk welke vorm in alle handels-,industriële en financiële ondernemingen,zo Belgische als buitenlandse;het verwerven door deelneming,inschrijving,aankoop,optie of om het even welk ander middel,van aandelen,obligaties,waarden en titels.
  2. Zij kan haar fondsen gebruiken voor de samenstelling,het beheer,de tegeldemaking en de vereffening van een portefeuille,bestaande uit aandelen,obligaties,waarden en titels,evenals tot het verwerven van brevetten en andere intellectuele rechten,welke de vennootschap mag beheren en bezitten.
  3. De aankoop,verkoop van onroerende goederen,zowel bebouwde,onbebouwde als gebouwen van alle aard;de bemiddeling bij dergelijke operatie;het aanleggen van industrieterreinen en terreinen bestemd voor ambachtelijke ondernemingen,het verkavelen,uitrusten en tot waarde brengen van alle onroerende goederen,zowel voor eigen rekening als voor rekening van derden;
  4. Het verrichten van alle studies,het uitwerken van alle ontwerpen,ook voor rekening van derden in verband met voormelde activiteiten.
  5. Het aannemen,bouwen,verbouwen,het laten bouwen van allerhande gebouwen zo voor eigen rekening als voor rekening van derden,met het oog op wederverkoop.
  6. Het in eigendom houden en uitbaten,verhuren,huren of onderverhuren,beheren van alle onroerende goederen.
  7. Het bemiddelen van de financiering van aanwerving van onroerende goederen;het bemiddelen van alle verzekeringen.
  8. De vennootschap mag in België en in het buitenland alle commerciële,industriële,financiële,roerende en onroerende verrichtingen doen die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp.
  9. Zij mag eveneens belangen verwerven bij wijze van inbreng,inschrijving of anderszins,in alle ondernemingen,verenigingen of vennootschappen die een gelijkaardig,analoog of aanverwant voorwerp nastreven,of wier voorwerp van aard is dat van de vennootschap te bevorderen.
  10. Zij mag de directie voeren over deze vennootschappen,zich voor haar borg stellen of aval verlenen,voorschotten en krediet toestaan,hypothecaire of andere waarborgen verstrekken.
deed of 19-04-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Oud-Hoflaan 21 registered office 9150 Beveren-Kruibeke-Zwijndrecht
Oud-Hoflaan 23 9150 Beveren-Kruibeke-Zwijndrecht 47789 Other retail sale of new goods 09-02-1984 2.024.048.817

Buildings and parcels at the addresses

Ground area
3,205 m²
Buildings
459 m²
Volume, LiDAR
2,285 m³
Tallest building
8.2 m
Buildings to scale, each on its own parcel
262 m², 7.1 m 197 m², 8.2 m 262 m², 7.1 m 197 m², 8.2 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
46001B0042/00M007
ProtectedTownscape or village viewDorpskom BazelSource ↗
1,655 m² 1 · 262 m² 7.1 m · 2
46001B0042/00W004
ProtectedTownscape or village viewDorpskom BazelSource ↗
1,550 m² 1 · 197 m² 8.2 m · 2

2 of these parcels carry protected heritage. Expect extra rules on renovation or sale.

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