SOVAREK
ActiveSummary
SOVAREK has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €974,545 and a net result of €255,332. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-8
Solvency43▼-18
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.08 in 2024; short-term debt: 24.4% and cash: 0.6% of total assets), and 82.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
17.9%
Return on assets
4.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 3221 sector peers (2025).
NBB · sector comparisonPosition among 3221 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
21 d late
2024
29 d late
2023
28 d late
2022
2 d late
2021
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€255,332▲ 0.3%
2024 · €254,520
Working capital
-€1.3m▼ 62.9%
2024 · -€770,290
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
Operating result€221,080-€336,047▲ 52.0%€348,943▲ 3.8%€289,375▼ 17.1%€342,267▲ 18.3%
Net result€165,526-€310,323▲ 87.5%€302,329▼ 2.6%€254,520▼ 15.8%€255,332▲ 0.3%
Equity€171,020-€469,718▲ 175%€654,400▲ 39.3%€791,273▲ 20.9%€974,545▲ 23.2%
Total assets€1.9m-€2.1m▲ 11.4%€2.1m▼ 0.5%€2.2m▲ 6.5%€5.5m▲ 146%
Debt€1.7m-€1.6m▼ 4.9%€1.4m▼ 12.0%€1.4m▼ 0.1%€4.5m▲ 215%
Working capital-€853,467--€737,842▲ 13.5%-€689,070▲ 6.6%-€770,290▼ 11.8%-€1.3m▼ 62.9%
Why a figure moved sharply
- 2025 Total assets +146% on 2024. Cause not known from the registers.
- 2022 Net result +87%, Equity +175% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.4m
Fixed assets
€5.3m ▲ 153%
Current assets
€77,234 ▲ 13.3%
Equity and liabilities €5.5m
Equity
€974,545 ▲ 23.2%
Debt
€4.5m ▲ 215%
Debt's share of the balance-sheet total rises from 64.3% to 82.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€371,563▲
2024 · €301,326
Cash flow
€284,628▲
2024 · €266,471
Current ratio
0.06▼
2024 · 0.08
Debt to equity
4.60▲
2024 · 1.80
ROE
26.2%▼
2024 · 32.2%
ROA
4.7%▼
2024 · 11.5%
Interest coverage
7.18▼
2024 · 22.97
Debt ≤ 1 year
€1.3m▲
2024 · €838,451
Debt > 1 year
€3.1m▲
2024 · €578,414
Income taxes
€38,000▲
2024 · €21,736
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,365 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.7%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,365 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €200,000 | €200,000 | €20,000 | €200,000 | ▲ 900% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,466 | €3,033 | €8,790 | €11,951 | €29,296 | ▲ 145% |
| Other operating charges640/8 | €40 | €33,170 | €1,140 | €2,355 | €2,659 | ▲ 12.9% |
| Gross operating margin9900 | €223,586 | €372,250 | €358,873 | €303,681 | €374,222 | ▲ 23.2% |
| Operating profit (loss)9901 | €221,080 | €336,047 | €348,943 | €289,375 | €342,267 | ▲ 18.3% |
| Financial income75/76B | - | - | - | - | €2,813 | - |
| Recurring financial income75 | - | - | - | - | €2,813 | - |
| Financial charges65/66B | €7,437 | €8,152 | €11,131 | €13,119 | €51,747 | ▲ 294% |
| Recurring financial charges65 | €7,437 | €8,152 | €11,131 | €13,119 | €51,747 | ▲ 294% |
| Profit (loss) for the period before taxes9903 | €213,643 | €327,895 | €337,812 | €276,256 | €293,333 | ▲ 6.2% |
| Income taxes67/77 | €48,117 | €17,572 | €35,483 | €21,736 | €38,000 | ▲ 74.8% |
| Profit (loss) for the period9904 | €165,526 | €310,323 | €302,329 | €254,520 | €255,332 | ▲ 0.3% |
| Profit (loss) for the period to be appropriated9905 | €165,526 | €310,323 | €302,329 | €254,520 | €255,332 | ▲ 0.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.1m | €2.1m | €2.2m | €5.5m | ▲ 146% |
| Formation expenses20 | €13,275 | €14,530 | €11,221 | €35,144 | €29,583 | ▼ 15.8% |
| Fixed assets21/28 | €1.8m | €1.9m | €1.9m | €2.1m | €5.3m | ▲ 153% |
| Intangible fixed assets21 | - | - | - | - | €350,243 | - |
| Tangible fixed assets22/27 | - | €178,343 | €184,591 | €360,579 | €3.2m | ▲ 801% |
| Land and buildings22 | - | €178,343 | €177,090 | €354,277 | €3.2m | ▲ 815% |
| Leasing and similar rights25 | - | - | €7,501 | €6,302 | €4,246 | ▼ 32.6% |
| Financial fixed assets28 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Current assets29/58 | €111,142 | €146,159 | €133,127 | €68,161 | €77,234 | ▲ 13.3% |
| Amounts receivable within one year40/41 | €29,044 | €66,849 | €43,566 | €47,364 | €42,928 | ▼ 9.4% |
| Trade receivables40 | €29,040 | €44,416 | €29,040 | €29,100 | €29,040 | ▼ 0.2% |
| Other amounts receivable41 | €4 | €22,433 | €14,526 | €18,264 | €13,888 | ▼ 24.0% |
| Cash at bank and in hand54/58 | €80,839 | €77,694 | €83,172 | €18,925 | €32,362 | ▲ 71.0% |
| Deferred charges and accrued income490/1 | €1,259 | €1,616 | €6,389 | €1,872 | €1,944 | ▲ 3.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.1m | €2.1m | €2.2m | €5.5m | ▲ 146% |
| Equity10/15 | €171,020 | €469,718 | €654,400 | €791,273 | €974,545 | ▲ 23.2% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Capital10 | €10,000 | €10,000 | €10,000 | - | - | - |
| Issued capital100 | €10,000 | €10,000 | €10,000 | - | - | - |
| Outside capital11 | - | - | - | €10,000 | €10,000 | = |
| Other1109/19 | - | - | - | €10,000 | €10,000 | = |
| Reserves13 | €161,020 | €459,718 | €644,400 | €781,273 | €964,545 | ▲ 23.5% |
| Non-distributable reserves130/1 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Legal reserve130 | €1,000 | €1,000 | €1,000 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,000 | €1,000 | = |
| Distributable reserves133 | €160,020 | €458,718 | €643,400 | €780,273 | €963,545 | ▲ 23.5% |
| Amounts payable17/49 | €1.7m | €1.6m | €1.4m | €1.4m | €4.5m | ▲ 215% |
| Amounts payable after more than one year17 | €738,748 | €725,310 | €601,557 | €578,414 | €3.1m | ▲ 443% |
| Financial debts170/4 | €738,748 | €725,310 | €601,557 | €578,414 | €3.1m | ▲ 443% |
| Amounts payable within one year42/48 | €964,609 | €884,001 | €822,197 | €838,451 | €1.3m | ▲ 58.9% |
| Current portion of amounts payable after more than one year42 | €115,678 | €122,438 | €123,754 | €130,961 | €246,662 | ▲ 88.3% |
| Trade debts44 | €9,685 | €15,415 | €3,534 | €3,418 | €2,118 | ▼ 38.0% |
| Suppliers440/4 | €9,685 | €15,415 | €3,534 | €3,418 | €2,118 | ▼ 38.0% |
| Taxes, remuneration and social security45 | €23,525 | €24,282 | €32,343 | €31,506 | €22,341 | ▼ 29.1% |
| Taxes450/3 | €19,523 | €20,280 | €32,343 | €31,506 | €22,341 | ▼ 29.1% |
| Remuneration and social security454/9 | €4,002 | €4,002 | - | - | - | - |
| Other amounts payable47/48 | €815,721 | €721,866 | €662,566 | €672,566 | €1.1m | ▲ 57.7% |
| Accrued charges and deferred income492/3 | €40 | €10,003 | €785 | €5,746 | €6,300 | ▲ 9.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €165,526 | €310,323 | €302,329 | €254,520 | €255,332 | ▲ 0.3% |
| + Depreciation and write-downs630 | €2,466 | €3,033 | €8,790 | €11,951 | €29,296 | ▲ 145% |
| Operating cash flow (approximation) | €167,992 | €313,356 | €311,119 | €266,471 | €284,628 | ▲ 6.8% |
| Investment in fixed assets (approximation) | - | -€181,376 | -€15,038 | -€187,939 | -€3.3m | ▼ 1,638% |
| Change in cash | - | -€3,145 | €5,478 | -€64,247 | €13,437 | ▲ 121% |
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 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 21 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Equity above €500,000Eq €654,400 ▲39.3%
3 profitable years in a row build equity to €654,400.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 2 days late
2022
31-12
Financial
Highest result since 2021net €310,323 ▲87.5%
Net result €310,323, the highest in the series.
31-12
Financial
Equity above €200,000Eq €469,718 ▲175%
2 profitable years in a row build equity to €469,718.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tournai · 1 establishment unit since 2021
Ground area
5,387 m²
Building footprint
1,404 m²
Volume, LiDAR
6,471 m³
Parcel 57081I0022/00V000, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Douai(ER) 354, 7500 Tournai
since 20212.313.047.845
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57081I0022/00V000 | Wallonia | 5,387 m² | 1 · 1,404 m² | 6.7 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 28,133 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
bryan@spar-tournai.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761330135
Also
9925:BE0761330135
Registered
22-10-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.