Equity
€1.4m from €33.3m in 2006
Equity fell by 96% in 19 years.
SOVITEC BELGIUM
Lifetime
19 annual accounts with figures on one time axis, 22 filings since 2004peak €18.6m (2018)
€12.5m▲ 8.6%
lowest -€40.1m (2007)
-€20,173▲ €150,573
peak €33.3m (2006)
€1.4m▼ 1.4%
€10.5m▼ 2.6%
peak 39.2 FTE (2020)
31 FTE▼ 2.2%
Board9 names since 2019
2 directorsSylviane Meeus and 1 other
Owners7 names in the annual accountsall names
99.99%SOVITEC INTERNATIONAL and 2 others
Documentsfilings and deeds
19-06-202642 days before the deadline
2025financial year
Loss of €20,173Capital increase · Amendment of the articles 08-01Cash from €2,212 to €0
Key points
from the 2025 annual accountsLosses
-€1.5m in four years
Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€10.5m 88% of the balance sheet
Suppliers 27%Taxes and wages 2%Other 71%
Of this, €10.5m falls due within a year.
Payment terms
109 days to suppliers
SOVITEC BELGIUM pays its suppliers 33 days later than in 2024. Customers pay 22 days earlier.
Board
2 joined · 1 left
Board changed. Latest change 05-02-2026 · 3 in office.
Position in the sector
11.7%
Lower solvency than 89% of companies in non-metallic mineral products. Sector median 46.1% · 367 companies.
Checked score
67
Healthy
Financially stronger than 23% of small companies in non-metallic mineral products (NACE 23)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 233 companies (NACE 23, small).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 1.0%▲ +0.1 percentage points vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.1%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.7%▼ -0.4 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026lowest value
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.8%▲ +0.1 percentage points vs 06-2026
08-2026: 0.8%● unchanged vs 07-2026
09-2026: 0.7%▼ -0.1 percentage points vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.71, cash €0, halved
Equity €1.4m (11.7% of total assets)
Loss of €20,173, the second in a row (financial year 2025)
lowers risk
Sector: Manufacture of other non-metallic mineral products (NACE 23)
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 23, small). It does better than 13% of them on solvency, 2% on liquidity, 26% on profitability and 53% 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 2,507 companies had the same profile as SOVITEC BELGIUM has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOVITEC BELGIUM itself: 0.7% 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 2,507 companies, not a prediction for SOVITEC BELGIUM. 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 €90,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.71 (0.67 in 2024), below 1. Short-term debt is 88.1% and cash 0% of total assets. 88.3% 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
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€20,173
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 367 sector peers (2025).
NBB · sector comparisonPosition among 367 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 days early
2024
24 days early
2023
26 days early
2022
25 days early
2021
40 days early
2020
39 days early
2019
56 days late
← 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 20 days before the deadline. In the sector (NACE 23), the median for financial year 2024 was 10 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (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 today31-12-2026 year end31-07-2027 deadline
Board and ownership
SM
SOVITEC MONDIAL SA
Managing director, Kelly O'Brien
- SOVITEC INTERNATIONAL 99.99%annual accounts 2025
- POTTERS INDUSTRIES LLC consolidatesannual accounts 2025
- BEADS BELGIUM 0.01%equity €464,231 (2025) · annual accounts 2025
Recent changes
1 director appointed, 3 resignations, 2 reappointments, 1 statutory auditor reappointed
Resignations: Maria Jose Fernandez Menendez, David Coulon and Olivier Debouche · Reappointments: SOVITEC MONDIAL SA (managing director), Sylviane Meeus and Deloitte Réviseurs d'Entreprises SRL (statutory auditor) · Appointment: Christophe Montavon (daily management delegate) · Board meeting of 05-02-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0866000855
Capital increase · Amendment of the articles
Capital from €1,449,034 to €2,979,034, 7,339 new shares · Capital from €2,979,034 to €1,580,812.12 · General meeting of 31-12-2024 · Gazette deed
Resignation: Joseph Steven Koscinski (director)
Appointment: Roger William Andersen II (director) · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOVITEC BELGIUM Fleurus | €12.0m | - | 11.7% | 31 |
| WALLGLASS Fleurus | €9.7m | €8.7m | 7.6% | 64.3 |
| VAN LOOVEREN Ranst | €2.6m | €0.7m | 77.0% | 9.9 |
| Glassdesign Ghent | €1.2m | €1.0m | 23.7% | 11.1 |
| Verre & Design Rochefort | €1.4m | €0.6m | 58.7% | 5 |
| CHARLES HAERENS Ghent | €2.1m | €1.0m | 59.3% | 8.8 |
| STARCONSTRUCT Oudenaarde | €1.4m | €0.4m | 39.6% | 4.3 |
These companies have the same main activity as SOVITEC BELGIUM: manufacture of other non-metallic mineral products (NACE 23150). They are comparable in size and age: total assets between €1.2m and €9.7m, founded between 1959 and 2019.
Official details
Source: KBO- Status
- Active since 28-06-2004Normal situation
- Activity
- Manufacture of other non-metallic mineral productsNACE 23150
- Joint committees
- 200Auxiliary committee for white-collar workers
- 115Glass industry · annual accounts 2025
- Establishment unit
- 2.137.876.9316220 Fleurus, since 28-06-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 18-11-2025
Annual accounts 2025
- €12.0m▼ 2.5%
- Employeeson 31-12-2025
- 31=
- Filing
- Filed on 19-06-2026, 42 days before the end of the filing period
Insights on SOVITEC BELGIUM
SOVITEC BELGIUM has existed since 2004. Turnover grew from €124,532 in 2006 to €12.5m in 2025 and staff from 1.3 to 31 full-time equivalents.
SOVITEC INTERNATIONAL holds all the shares. In February 2026, the Official Gazette published the appointment of SOVITEC MONDIAL SA 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 SOVITEC BELGIUM
- What is the company number of SOVITEC BELGIUM?
- The company number of SOVITEC BELGIUM is 0866.000.855. The VAT number is the same number with BE in front: BE 0866.000.855.
- Where is SOVITEC BELGIUM based?
- The registered office is at Avenue du Marquis 4, 6220 Fleurus.Company details
- What does SOVITEC BELGIUM do?
- According to the KBO register, the main activity is manufacture of other non-metallic mineral products (NACE 23150).
- What is the legal form of SOVITEC BELGIUM?
- SOVITEC BELGIUM is a public limited company (NV).
- When was SOVITEC BELGIUM founded?
- SOVITEC BELGIUM was founded on 28-06-2004.
- Is SOVITEC BELGIUM still active?
- Yes, SOVITEC BELGIUM is an active enterprise in the KBO register.
- How many employees does SOVITEC BELGIUM have?
- SOVITEC BELGIUM had an average of 31 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SOVITEC BELGIUM fall under?
- In its 2025 annual accounts, SOVITEC BELGIUM states joint committees 200 (Auxiliary committee for white-collar workers) and 115 (Glass industry).
- What is the turnover of SOVITEC BELGIUM?
- The turnover of SOVITEC BELGIUM was €12.5m in financial year 2025, according to the filed annual accounts.
- Is SOVITEC BELGIUM profitable?
- In financial year 2025, SOVITEC BELGIUM made a loss of €20,173.
- Where can I find the annual accounts of SOVITEC BELGIUM?
- SOVITEC BELGIUM filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOVITEC BELGIUM due?
- SOVITEC BELGIUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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