SOVERCO
ActiveSummary
SOVERCO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €297,577 and a net result of €10,380. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 64% of 565 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+1
Solvency84=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 2.48 against 2.54 in 2023; short-term debt: 34.9% and cash: 3.7% of total assets), and 40.6% of the assets are financed with debt.
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Signals
Five 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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
13 d early
2022
30 d late
2021
13 d early
2020
3 d early
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€297,577▲ 3.6%
2023 · €287,197
Total assets
€500,679▲ 3.7%
2023 · €482,711
Net result
€10,380▲ 112%
2023 · €4,904
Working capital
€258,407▲ 4.1%
2023 · €248,209
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€11,665€24,848€18,955▼ 23.7%€9,697▼ 48.8%€16,973▲ 75.0%
Net result-€14,610below the sector's middle half€20,034within the sector's middle half€11,760within the sector's middle half▼ 41.3%€4,904within the sector's middle half▼ 58.3%€10,380within the sector's middle half▲ 112%
Equity€250,499within the sector's middle half▼ 5.5%€270,533within the sector's middle half▲ 8.0%€282,293within the sector's middle half▲ 4.3%€287,197within the sector's middle half▲ 1.7%€297,577within the sector's middle half▲ 3.6%
Total assets€412,263within the sector's middle half▼ 8.6%€382,630within the sector's middle half▼ 7.2%€438,144within the sector's middle half▲ 14.5%€482,711within the sector's middle half▲ 10.2%€500,679within the sector's middle half▲ 3.7%
Debt€161,764▼ 12.9%€112,097▼ 30.7%€155,851▲ 39.0%€195,514▲ 25.4%€203,102▲ 3.9%
Working capital€206,668within the sector's middle half▼ 7.1%€236,836within the sector's middle half▲ 14.6%€237,079within the sector's middle half▲ 0.1%€248,209within the sector's middle half▲ 4.7%€258,407within the sector's middle half▲ 4.1%
Solvency60.8%within the sector's middle half▲ 2.0pp70.7%above the sector's middle half▲ 9.9pp64.4%within the sector's middle half▼ 6.3pp59.5%within the sector's middle half▼ 4.9pp59.4%within the sector's middle half▼ 0.1pp
Current ratio2.76within the sector's middle half▼ 0.014.31above the sector's middle half▲ 1.552.96within the sector's middle half▼ 1.352.54within the sector's middle half▼ 0.432.48within the sector's middle half▼ 0.06
Return on assets (ROA)-3.5%below the sector's middle half▼ 8.6pp5.2%within the sector's middle half▲ 8.8pp2.7%within the sector's middle half▼ 2.6pp1.0%within the sector's middle half▼ 1.7pp2.1%within the sector's middle half▲ 1.1pp
Staff (FTE)4.3within the sector's middle half▼ 2.3%3.4within the sector's middle half▼ 20.9%3.8within the sector's middle half▲ 11.8%4.4within the sector's middle half▲ 15.8%4.4within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 75% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €500,679
Fixed assets
€67,398 ▼ 7.9%
Current assets
€433,281 ▲ 5.8%
Equity and liabilities €500,679
Equity
€297,577 ▲ 3.6%
Debt
€203,102 ▲ 3.9%
Debt's share of the balance-sheet total rises from 40.5% to 40.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22,794▲
2023 · €16,832
Cash flow
€16,201▲
2023 · €12,039
Debt to equity
0.68▲
2023 · 0.68
ROE
3.5%▲
2023 · 1.7%
Interest coverage
10.38▲
2023 · 6.80
Debt ≤ 1 year
€174,874▲
2023 · €161,283
Debt > 1 year
€27,471▼
2023 · €31,544
Income taxes
€4,396▲
2023 · €2,316
Staff costs
€287,778▼
2023 · €291,781
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,039 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €900 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €200,986 | €226,343 | €291,781 | €287,778 | ▼ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,587 | €13,778 | €11,456 | €7,135 | €5,821 | ▼ 18.4% |
| Other operating charges640/8 | - | €3,242 | €3,206 | €3,675 | €3,824 | ▲ 4.1% |
| Gross operating margin9900 | €202,282 | €242,854 | €259,961 | €312,288 | €314,396 | ▲ 0.7% |
| Operating profit (loss)9901 | -€11,665 | €24,848 | €18,955 | €9,697 | €16,973 | ▲ 75.0% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | €0 | €0 | - | - | - | - |
| Financial charges65/66B | - | €2,910 | €2,480 | €2,477 | €2,197 | ▼ 11.3% |
| Recurring financial charges65 | €2,945 | €2,910 | €2,480 | €2,477 | €2,197 | ▼ 11.3% |
| Profit (loss) for the period before taxes9903 | -€14,610 | €21,938 | €16,475 | €7,220 | €14,776 | ▲ 105% |
| Income taxes67/77 | €0 | €1,904 | €4,715 | €2,316 | €4,396 | ▲ 89.8% |
| Profit (loss) for the period9904 | -€14,610 | €20,034 | €11,760 | €4,904 | €10,380 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | -€14,610 | €20,034 | €11,760 | €4,904 | €10,380 | ▲ 112% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €412,263 | €382,630 | €438,144 | €482,711 | €500,679 | ▲ 3.7% |
| Fixed assets21/28 | €88,085 | €74,307 | €80,353 | €73,218 | €67,398 | ▼ 7.9% |
| Intangible fixed assets21 | €14,617 | €3,528 | €8,281 | €4,202 | €124 | ▼ 97.1% |
| Tangible fixed assets22/27 | €73,468 | €70,778 | €72,072 | €69,016 | €67,274 | ▼ 2.5% |
| Land and buildings22 | - | €70,055 | €68,490 | €67,131 | €67,086 | ▼ 0.1% |
| Furniture and vehicles24 | - | €723 | €3,582 | €1,885 | €188 | ▼ 90.0% |
| Current assets29/58 | €324,178 | €308,323 | €357,791 | €409,493 | €433,281 | ▲ 5.8% |
| Amounts receivable within one year40/41 | €314,071 | €275,674 | €351,391 | €398,349 | €403,790 | ▲ 1.4% |
| Trade receivables40 | - | €275,674 | €351,391 | €398,349 | €403,790 | ▲ 1.4% |
| Cash at bank and in hand54/58 | €9,709 | €32,444 | €5,994 | €1,305 | €18,553 | ▲ 1,322% |
| Deferred charges and accrued income490/1 | - | €205 | €406 | €9,839 | €10,938 | ▲ 11.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €412,263 | €382,630 | €438,144 | €482,711 | €500,679 | ▲ 3.7% |
| Equity10/15 | €250,499 | €270,533 | €282,293 | €287,197 | €297,577 | ▲ 3.6% |
| Contributions10/11 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | = |
| Capital10 | - | €86,763 | €86,763 | €86,763 | €86,763 | = |
| Issued capital100 | - | €86,763 | €86,763 | €86,763 | €86,763 | = |
| Reserves13 | €163,736 | €183,770 | €195,530 | €200,434 | €210,814 | ▲ 5.2% |
| Non-distributable reserves130/1 | - | €8,676 | €8,676 | €8,676 | €8,676 | = |
| Legal reserve130 | - | €8,676 | €8,676 | €8,676 | €8,676 | = |
| Distributable reserves133 | - | €175,094 | €186,854 | €191,758 | €202,138 | ▲ 5.4% |
| Amounts payable17/49 | €161,764 | €112,097 | €155,851 | €195,514 | €203,102 | ▲ 3.9% |
| Amounts payable after more than one year17 | €44,254 | €40,610 | €34,797 | €31,544 | €27,471 | ▼ 12.9% |
| Other amounts payable178/9 | - | €40,610 | €34,797 | €31,544 | €27,471 | ▼ 12.9% |
| Amounts payable within one year42/48 | €117,510 | €71,487 | €120,712 | €161,283 | €174,874 | ▲ 8.4% |
| Trade debts44 | €60,560 | €20,294 | €54,878 | €93,548 | €107,413 | ▲ 14.8% |
| Suppliers440/4 | - | €20,294 | €54,878 | €93,548 | €107,413 | ▲ 14.8% |
| Taxes, remuneration and social security45 | - | €49,411 | €64,250 | €66,342 | €66,222 | ▼ 0.2% |
| Taxes450/3 | - | €15,153 | €23,144 | €15,072 | €14,778 | ▼ 2.0% |
| Remuneration and social security454/9 | - | €34,258 | €41,106 | €51,270 | €51,444 | ▲ 0.3% |
| Other amounts payable47/48 | - | €1,782 | €1,584 | €1,393 | €1,239 | ▼ 11.0% |
| Accrued charges and deferred income492/3 | - | - | €342 | €2,687 | €757 | ▼ 71.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,610 | €20,034 | €11,760 | €4,904 | €10,380 | ▲ 112% |
| + Depreciation and write-downs630 | €14,587 | €13,778 | €11,456 | €7,135 | €5,821 | ▼ 18.4% |
| Operating cash flow (approximation) | -€23 | €33,812 | €23,216 | €12,039 | €16,201 | ▲ 34.6% |
| Investment in fixed assets (approximation) | - | €0 | -€17,502 | €0 | €0 | - |
| Change in cash | - | €22,735 | -€26,450 | -€4,689 | €17,249 | ▲ 468% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €20,034
Net result €20,034 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€14,610
Net result drops to -€14,610, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
2016
10-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 71 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Wielsbeke · 2 establishment units since 1991
Ground area
1.6 ha
Building footprint
7,458 m²
Volume, LiDAR
1,187 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SOVERCO
since 19912.051.616.019
SOVERCO
since 20212.316.882.612
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016A0511/00M002 | Flanders | 7,816 m² | 1 · 7,259 m² | - |
| 37009A0341/00E000 | Flanders | 7,717 m² | 1 · 198 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 59 EUR awarded · 59 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 59 EUR | 59 EUR |
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Of 3,838 companies in sector 74111 we hold annual accounts for 1,006. 800 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-01-1991
Fiscal year end31-12
Activities, NACEBEL 2025
13930Manufacture of textiles
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
13100Manufacture of textiles
74130Interior design
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442902097
Also
9925:BE0442902097
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.