SOVATECH
Annual accounts 2025
micro format, filed on 16-06-2026, 45 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €710,000. Estimated: probably between €570,000 and €900,000.
Balance sheet
balance sheet total €664,670 on 31-12-2025in euro
in euro
Position in the sector
47.0%
Higher than 50% of 37,240 companies in 2025.
1.21
Higher than 30% of 36,534 companies in 2025.
19.8%
Higher than 77% of 36,769 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
664,670 | 612,882 | 611,322 | 674,263 | 653,123 | 653,215 | 683,567 | 598,828 | 600,220 | 520,819 | |
20 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
21/28 |
377,643 | 398,115 | 400,533 | 418,691 | 407,090 | 444,806 | 481,970 | 459,359 | 460,584 | 451,640 | |
21 |
- | - | - | 0 | 9,251 | 23,073 | 36,894 | 50,715 | 64,537 | 78,358 | |
22/27 |
377,593 | 398,065 | 400,483 | 418,641 | 397,788 | 421,683 | 445,026 | 408,594 | 395,998 | 373,232 | |
22 |
346,892 | 357,548 | 360,166 | 362,029 | 367,917 | 377,956 | 387,994 | 386,300 | 388,680 | 82,649 | |
23 |
4,035 | 5,781 | 1,870 | 3,385 | 4,899 | 3,853 | 2,807 | 1,936 | 1,956 | 5,958 | |
24 |
26,666 | 34,737 | 38,447 | 53,227 | 24,972 | 39,874 | 54,225 | 20,358 | 5,362 | 9,215 | |
26 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
27 |
- | - | - | - | - | - | - | 0 | 0 | 275,409 | |
28 |
50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | |
29/58 |
287,028 | 214,767 | 210,789 | 255,573 | 246,034 | 208,409 | 201,597 | 139,469 | 139,635 | 69,179 | |
29 |
- | - | - | - | - | - | - | 0 | - | - | |
290 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
291 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
3 |
45,566 | 56,054 | 61,059 | 44,912 | 41,023 | 16,628 | 15,052 | 23,235 | 29,298 | 21,190 | |
30/36 |
45,566 | 56,054 | 61,059 | 44,912 | 41,023 | 16,628 | 15,052 | 23,235 | 22,243 | 21,190 | |
37 |
- | - | - | - | - | - | - | 0 | 7,054 | 0 | |
40/41 |
194,980 | 88,072 | 114,911 | 96,451 | 126,731 | 83,773 | 184,662 | 114,811 | 102,524 | 47,989 | |
40 |
184,379 | 78,965 | 101,250 | 94,899 | 119,197 | 62,921 | 170,402 | 96,150 | 88,409 | 47,045 | |
41 |
10,601 | 9,107 | 13,662 | 1,552 | 7,534 | 20,852 | 14,259 | 18,661 | 14,115 | 943 | |
50/53 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
54/58 |
39,528 | 67,040 | 30,087 | 109,810 | 74,624 | 108,009 | 1,883 | 1,423 | 7,814 | 0 | |
490/1 |
6,953 | 3,601 | 4,732 | 4,399 | 3,655 | - | - | 0 | 0 | 0 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
664,670 | 612,882 | 611,322 | 674,263 | 653,123 | 653,215 | 683,567 | 598,828 | 600,220 | 520,819 | |
10/15 |
312,694 | 230,998 | 220,149 | 160,754 | 248,126 | 178,681 | 160,217 | 131,812 | 90,962 | 53,576 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | |
101 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
11 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
1100/10 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
12 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
13 |
292,694 | 210,998 | 200,149 | 140,754 | 228,126 | 158,681 | 140,217 | 111,812 | 70,962 | 33,576 | |
130/1 |
- | - | 0 | 2,000 | 2,000 | 2,000 | - | 0 | - | - | |
130 |
- | - | - | - | - | - | 2,000 | 2,000 | 2,000 | 1,679 | |
1311 |
- | - | 0 | 2,000 | 2,000 | 2,000 | - | - | - | - | |
1312 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
1319 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
132 |
12,151 | 12,151 | 12,151 | 12,151 | 12,151 | 12,151 | 12,151 | 12,151 | 12,151 | 0 | |
133 |
280,544 | 198,847 | 187,998 | 126,604 | 213,975 | 144,530 | 126,066 | 97,662 | 56,811 | 31,897 | |
14 |
0 | 0 | 0 | 0 | - | - | - | 0 | 0 | 0 | |
15 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
19 |
- | - | - | - | - | - | - | 0 | - | - | |
16 |
- | - | - | - | - | - | - | 0 | - | - | |
160/5 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
160 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
161 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
162 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
163 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
164/5 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
168 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
17/49 |
351,976 | 381,884 | 391,174 | 513,509 | 404,998 | 474,534 | 523,350 | 467,016 | 509,258 | 467,244 | |
17 |
108,781 | 123,882 | 265,673 | 296,433 | 297,722 | 333,155 | 379,334 | 381,467 | 391,853 | 323,427 | |
170/4 |
108,781 | 123,882 | 265,673 | 296,433 | 297,722 | 333,155 | 379,334 | 381,467 | 211,853 | 223,427 | |
175 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
176 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
178/9 |
- | - | - | - | - | - | - | 0 | 180,000 | 100,000 | |
42/48 |
236,381 | 248,158 | 111,836 | 211,876 | 107,276 | 141,379 | 144,015 | 85,549 | 117,405 | 143,817 | |
42 |
15,101 | 21,205 | 20,761 | 25,185 | 25,433 | 26,180 | 25,620 | 19,092 | 11,574 | 12,711 | |
43 |
- | - | - | - | - | - | - | 0 | - | 348 | |
430/8 |
- | - | - | - | - | - | - | 0 | 0 | 348 | |
439 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
44 |
28,523 | 31,616 | 34,018 | 21,453 | 48,596 | 29,556 | 31,455 | 33,125 | 29,276 | 76,896 | |
440/4 |
28,523 | 31,616 | 34,018 | 21,453 | 48,596 | 29,556 | 31,455 | 33,125 | 29,276 | 76,896 | |
441 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
46 |
- | - | - | - | 0 | 40,000 | 40,000 | 0 | 0 | 0 | |
45 |
11,195 | 22,751 | 9,785 | 30,999 | 11,423 | 22,700 | 20,674 | 15,870 | 15,048 | 13,067 | |
450/3 |
6,772 | 12,041 | 1,737 | 21,353 | 2,367 | 12,459 | 11,531 | 9,220 | 9,331 | 13,067 | |
454/9 |
4,423 | 10,710 | 8,049 | 9,646 | 9,056 | 10,241 | 9,143 | 6,650 | 5,718 | 0 | |
47/48 |
181,563 | 172,586 | 47,272 | 134,238 | 21,824 | 22,944 | 26,266 | 17,461 | 61,507 | 40,794 | |
492/3 |
6,814 | 9,844 | 13,665 | 5,200 | - | - | - | 0 | 0 | 0 | |
| Income statement | |||||||||||
70 |
- | - | - | - | - | - | - | - | 0 | 0 | |
76A |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
9900 |
279,167 | 249,517 | 186,760 | 281,511 | 193,661 | 129,269 | 136,086 | 131,410 | 114,701 | 108,898 | |
60/61 |
- | - | - | - | - | - | - | - | 0 | 0 | |
62 |
68,815 | 65,398 | 62,813 | 54,120 | 51,406 | 48,866 | 42,557 | 39,862 | 28,197 | 9,664 | |
630 |
26,227 | 24,161 | 32,793 | 45,351 | 40,079 | 41,358 | 41,284 | 37,115 | 33,642 | 45,636 | |
631/4 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
635/8 |
- | - | 0 | 63 | - | - | - | 0 | 0 | 0 | |
640/8 |
5,053 | 5,035 | 3,546 | 3,048 | 4,452 | 4,299 | 4,287 | 453 | 973 | 1,243 | |
649 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
66A |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
9901 |
179,072 | 154,924 | 87,609 | 178,929 | 97,725 | 34,745 | 47,957 | 53,980 | 51,890 | 52,355 | |
75/76B |
1,320 | 1,259 | 1,201 | 1,729 | 984 | 1,526 | 679 | 1,761 | 919 | 1,013 | |
75 |
1,320 | 1,259 | 1,201 | 1,729 | 984 | 1,526 | 679 | 1,761 | 919 | 1,013 | |
76B |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
65/66B |
10,193 | 13,095 | 12,631 | 15,106 | 10,462 | 11,811 | 12,939 | 5,779 | 6,091 | 6,725 | |
65 |
10,193 | 13,095 | 12,631 | 15,106 | 10,462 | 11,811 | 12,939 | 5,779 | 6,091 | 6,725 | |
66B |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
9903 |
170,199 | 143,088 | 76,178 | 165,551 | 88,246 | 24,460 | 35,697 | 49,961 | 46,717 | 46,643 | |
67/77 |
38,503 | 32,238 | 16,784 | 38,948 | 18,802 | 5,996 | 7,292 | 9,111 | 9,331 | 13,067 | |
9904 |
131,696 | 110,850 | 59,394 | 126,604 | 69,445 | 18,464 | 28,405 | 40,851 | 37,386 | 33,576 | |
789 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
689 |
- | - | - | - | - | - | - | 0 | 12,151 | 0 | |
9905 |
131,696 | 110,850 | 59,394 | 126,604 | 69,445 | 18,464 | 28,405 | 40,851 | 25,235 | 33,576 | |
| Appropriation of the result | |||||||||||
9906 |
131,696 | 110,850 | 59,394 | 126,604 | 69,445 | 18,464 | 28,405 | 40,851 | 25,235 | 33,576 | |
791/2 |
- | - | 0 | 213,975 | - | - | - | 0 | 0 | 0 | |
691/2 |
81,696 | 10,850 | 59,394 | 126,604 | 69,445 | 18,464 | 28,405 | 40,851 | 25,235 | 33,576 | |
691 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
6920 |
- | - | - | - | - | - | - | 0 | 321 | 1,679 | |
6921 |
81,696 | 10,850 | 59,394 | 126,604 | 69,445 | 18,464 | 28,405 | 40,851 | 24,914 | 31,897 | |
694/7 |
50,000 | 100,000 | 0 | 213,975 | - | - | - | 0 | - | - | |
694 |
50,000 | 100,000 | 0 | 213,975 | - | - | - | 0 | 0 | 0 | |
695 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
696 |
- | - | - | - | - | - | - | 0 | 0 | 0 | |
| Social balance sheet | |||||||||||
9087 |
- | - | - | 1 | 1 | 1 | - | - | 0.9 | 0 | |
Hours worked1013 |
- | - | - | 1,757 | 1,740 | 1,680 | - | - | 1,346 | 0 | |
| Document | |||||||||||
The notes to these accounts have 18 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 2025 at the NBB, filed on 16-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-06-2026 | 2026-00164747 | |
| 31-12-2024 | micro format | 16-07-2025 | 2025-00277559 | |
| 31-12-2023 | abbreviated format | 23-08-2024 | 2024-00364328 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00380157 | |
| 31-12-2021 | micro format | 17-06-2022 | 2022-20070316 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57000441 | |
| 31-12-2019 | micro format | 17-07-2020 | 2020-31300310 | |
| 31-12-2018 | micro format | 10-07-2019 | 2019-30900296 | |
| 31-12-2017 | micro format | 28-06-2018 | 2018-25200057 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-56300231 |
Subsidies and aid
Flemish government 2022 to 2025, 4 entries, €1,420 awarded, €1,420 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €314 | €314 |
| 2024 | 1 | €753 | €753 |
| 2023 | 1 | €206 | €206 |
| 2022 | 1 | €147 | €147 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 205,299 | 179,084 | 120,402 | 224,280 | 137,803 | 76,103 | 89,241 | 91,095 | 85,532 | 97,991 | ||
| 157,923 | 135,010 | 92,187 | 171,955 | 109,523 | 59,822 | 69,689 | 77,966 | 71,028 | 79,211 | ||
| 5,754 | 21,743 | 14,636 | 56,952 | 2,363 | 4,193 | 63,895 | 35,890 | 42,586 | 495,330 | ||
| -27,511 | 36,953 | -79,723 | 35,186 | -33,384 | 106,125 | 461 | -6,391 | 7,814 | - | ||
| 50,647 | -33,391 | 98,953 | 43,697 | 138,758 | 67,030 | 57,581 | 53,920 | 22,230 | -74,638 | ||
| 47.0% | 37.7% | 36.0% | 23.8% | 38.0% | 27.4% | 23.4% | 22.0% | 15.2% | 10.3% | ||
| 1.21 | 0.87 | 1.88 | 1.21 | 2.29 | 1.47 | 1.40 | 1.63 | 1.19 | 0.48 | ||
| 1.02 | 0.64 | 1.34 | 0.99 | 1.91 | 1.36 | 1.30 | 1.36 | 0.94 | 0.33 | ||
| 1.13 | 1.65 | 1.78 | 3.19 | 1.63 | 2.66 | 3.27 | 3.54 | 5.60 | 8.72 | ||
| 42.1% | 48.0% | 27.0% | 78.8% | 28.0% | 10.3% | 17.7% | 31.0% | 41.1% | 62.7% | ||
| 19.8% | 18.1% | 9.7% | 18.8% | 10.6% | 2.8% | 4.2% | 6.8% | 6.2% | 6.4% | ||
| 20.14 | 13.68 | 9.53 | 14.85 | 13.17 | - | - | - | - | - |
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.
Social balance sheet
| Item | 31-12-2022 | 31-12-2021 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| part-time | 0 | 0 |
| in full-time equivalents | 1 | 1 |
| 1 | 1 | |
| On a permanent contract | 1 | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €100,000 | €100,000 | €266,200 | €266,200 | €266,200 |
| €300,000 | €300,000 | - | - | - | |
| Carrying value of the mortgaged assets | €346,892 | €357,548 | €360,166 | €362,029 | €367,917 |
| Pledge on other assets, amount secured | €25,000 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,754 | €21,743 | €14,636 | €56,952 | €2,363 |
| Financial fixed assets | €0 | - | - | - | - |
| €26,227 | €24,161 | €32,793 | €45,351 | €40,079 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SOVATECH
The operating result for 2025 is 16% higher than in 2024 and the highest since 2016. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 62.3% to 53.0%. Equity is higher and debt is lower.