Equity
SOVATECH has made a profit in every financial year since 2016.
SOVATECH has made a profit in every financial year since 2016.
The 2016 accounts came latest: 31 days after the end of the period.
Higher net result than 95% of companies in specialised construction. Sector median €9,997 · 37,222 companies.
In July 2024, 17,811 companies had the same profile as SOVATECH has now. Each dot stands for 45 companies, two years later.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 17,811 companies, not a prediction for SOVATECH. 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.
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.
| Company | ||||
|---|---|---|---|---|
| SOVATECH Moorslede | - | - | 47.0% | - |
| WA-RM Ostend | - | - | 51.6% | 2 |
| BG CHAUFFAGE Oupeye | €0.6m | 27.7% | 37.6% | - |
| NEESKENS Hamont-Achel | - | - | 49.6% | - |
| BRUTHO TECHNICS Grimbergen | - | - | 42.2% | 1 |
| FIERENS CONCEPT & Co Lasne | €1.1m | 4.3% | 24.0% | - |
| Chauffage Dufour Tournai | - | - | 56.2% | - |
These companies have the same main activity as SOVATECH: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €629,000 and €788,000, founded between 2014 and 2016.
SOVATECH files the micro format. That format states no turnover. The gross margin rose from €108,898 in 2016 to €279,167 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover 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.
Higher than 50% of 37,240 companies in 2025.
Higher than 30% of 36,534 companies in 2025.
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 costs divided by the average number of full-time equivalents.
| 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.
| 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 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €314 | €314 |
| 2024 | 1 | €753 | €753 |
| 2023 | 1 | €206 | €206 |
| 2022 | 1 | €147 | €147 |
| 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.
| 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
| 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)
| 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)
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.
SOVATECH has no parent and no holdings in its annual accounts. SOVATECH shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
SOVATECH was incorporated on 2 September 2015 by five natural persons, with a starting capital of €20,000.12 The registered office was moved to Moorslede in 2017.3 The board currently has 4 members, 4 of whom have served since 2024.4 Total assets rose from €598,828 in 2018 to €664,670 in 2025 and headcount from 1 full-time equivalents in 2020 to 1 in 2022.5
| Establishment | Since | Unit number |
|---|---|---|
| Briekhoekstraat 28 registered office 8890 Moorslede | 02-09-2015 | 2.245.684.018 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36012B0065/00R000 | 1,027 m² | 1 · 453 m² | 0.0 m |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0635.981.290
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