Equity
€1.8m from €9.7m in 2024
Equity fell by 82% in 2 years.
SOVAPE
Lifetime
20 annual accounts with figures on one time axis, 43 filings since 1984peak €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 accountsChecked 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 strengthStrong
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
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.
| 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.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 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 monthsWhere today falls in the filing period
07-11-2026 today28-02-2027 year end30-09-2027 deadline
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
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
Annual accounts to 28-02-2026
- €1.9m▲ 1.9%
- Filing
- Filed on 27-08-2026, 34 days before the end of the filing period
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. Click a figure with a dotted line for the item and the filing.
Key facts about SOVAPE
- What is the company number of SOVAPE?
- The company number of SOVAPE is 0425.506.336. The VAT number is the same number with BE in front: BE 0425.506.336.
- Where is SOVAPE based?
- The registered office is at Oud-Hoflaan 21, 9150 Beveren-Kruibeke-Zwijndrecht.Company details
- What does SOVAPE do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of SOVAPE?
- SOVAPE is a public limited company (NV).
- When was SOVAPE founded?
- SOVAPE was founded on 27-01-1984.
- Is SOVAPE still active?
- Yes, SOVAPE is an active enterprise in the KBO register.
- What is the turnover of SOVAPE?
- The turnover of SOVAPE was €223,625 in financial year 2026, according to the filed annual accounts.Financials
- Is SOVAPE profitable?
- In financial year 2026, SOVAPE made a profit of €59,065.
- Where can I find the annual accounts of SOVAPE?
- SOVAPE filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of SOVAPE due?
- SOVAPE must file the annual accounts for financial year 2027 by 30-09-2027.Timeline
Next steps
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