SOWACON

Active

Private limited companyfounded 20232 yrs activeVeldstraat 57, 2310 Rijkevorsel, BelgiumKBO/BCE: BE 1001.579.735

Summary

The computed 12-month bankruptcy probability of SOWACON is 2.1% (moderate). The 2025 annual accounts show equity of €40k and a net result of €8k. Its solvency ranks better than 95% of 27965 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare

SOWACONActiveChecked score 83/100

Risk analysis Report Compare

Checked score

Score 2025

83 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability93▼-7

Solvency100▲+1

Growth52

Track record82

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity ample (current ratio 56.82 against 3.61 in 2024; short-term debt: 1.7% and cash: 44.1% of total assets), and 1.7% of the assets are financed with debt.

Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Specialised construction activities (NACE 43)

about 85% more bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

98.3%

Return on assets

19.6%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

53 d early

2024

51 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€40k▲ 25.0%

2024 · €32k

2024: €32k 2025: €40k▲ +25.0% vs 2024

2024 → 2025

Total assets

€40k▼ 6.4%

2024 · €43k

2024: €43k 2025: €40k▼ -6.4% vs 2024

2024 → 2025

Net result

€8k▼ 70.3%

2024 · €27k

2024: €27k 2025: €8k▼ -70.3% vs 2024

2024 → 2025

Working capital

€38k▲ 28.2%

2024 · €30k

2024: €30k 2025: €38k▲ +28.2% vs 2024

2024 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€32k-€40k▲ 25.0% 2024: €32k 2025: €40k▲ +25.0% vs 2024

Operating result€35k-€10k▼ 71.3% 2024: €35k 2025: €10k▼ -71.3% vs 2024

Net result€27k-€8k▼ 70.3% 2024: €27k 2025: €8k▼ -70.3% vs 2024

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 71% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €40k

96.2%

Fixed assets €2k ▼ 22.4%

Current assets €39k ▼ 5.7%

Equity and liabilities €40k

98.3%

Equity €40k ▲ 25.0%

Debt €682 ▼ 94.0%

Debt's share of the balance-sheet total falls from 26.4% to 1.7%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€10k▼

2024 · €35k

Cash flow

€8k▼

2024 · €27k

Current ratio

56.82▲

2024 · 3.61

Quick ratio

49.02▲

2024 · 3.32

Debt to equity

0.02▼

2024 · 0.36

ROE

20.0%▼

2024 · 84.2%

ROA

19.6%▼

2024 · 62.0%

Interest coverage

191.32▼

2024 · 319.79

Debt ≤ 1 year

€682▼

2024 · €11k

Income taxes

€2k▼

2024 · €8k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines

Balance sheet Code20242025

Assets

Total assets20/58€43k€40k▼

Fixed assets21/28€2k€2k▼

Tangible fixed assets22/27€2k€2k▼

Plant, machinery and equipment23€2k€2k▼

Current assets29/58€41k€39k▼

Stocks and contracts in progress3€3k€5k▲

Stocks30/36€3k€5k▲

Amounts receivable within one year40/41€3k€16k▲

Trade receivables40€3k€11k▲

Other amounts receivable41-€4k

Cash at bank and in hand54/58€35k€18k▼

Equity and liabilities

Total equity and liabilities10/49€43k€40k▼

Equity10/15€32k€40k▲

Contributions10/11€5k€5k=

Reserves13€27k€35k▲

Distributable reserves133€27k€35k▲

Amounts payable17/49€11k€682▼

Amounts payable within one year42/48€11k€682▼

Trade debts44€511€23▼

Suppliers440/4€511€23▼

Taxes, remuneration and social security45€10k€0▼

Taxes450/3€10k€0▼

Other amounts payable47/48€411€659▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€237€446▲

Other operating charges640/8€742€243▼

Gross operating margin9900€36k€11k▼

Operating profit (loss)9901€35k€10k▼

Financial income75/76B€0€0▼

Recurring financial income75€0€0▼

Financial charges65/66B€109€54▼

Recurring financial charges65€109€54▼

Profit (loss) for the period before taxes9903€35k€10k▼

Income taxes67/77€8k€2k▼

Profit (loss) for the period9904€27k€8k▼

Profit (loss) for the period to be appropriated9905€27k€8k▼

Appropriation of the result

Profit (loss) to be appropriated9906€27k€8k▼

Transfer to equity691/2€27k€8k▼

To other reserves6921€27k€8k▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€237	€446	▲ 88.1%
Other operating charges640/8	€742	€243	▼ 67.2%
Gross operating margin9900	€36k	€11k	▼ 70.2%
Operating profit (loss)9901	€35k	€10k	▼ 71.3%
Financial income75/76B	€0	€0	▼ 100%
Recurring financial income75	€0	€0	▼ 100%
Financial charges65/66B	€109	€54	▼ 50.3%
Recurring financial charges65	€109	€54	▼ 50.3%
Profit (loss) for the period before taxes9903	€35k	€10k	▼ 71.4%
Income taxes67/77	€8k	€2k	▼ 75.0%
Profit (loss) for the period9904	€27k	€8k	▼ 70.3%
Profit (loss) for the period to be appropriated9905	€27k	€8k	▼ 70.3%

Line	2024	2025	Change
Assets
Total assets20/58	€43k	€40k	▼ 6.4%
Fixed assets21/28	€2k	€2k	▼ 22.4%
Tangible fixed assets22/27	€2k	€2k	▼ 22.4%
Plant, machinery and equipment23	€2k	€2k	▼ 22.4%
Current assets29/58	€41k	€39k	▼ 5.7%
Stocks and contracts in progress3	€3k	€5k	▲ 59.3%
Stocks30/36	€3k	€5k	▲ 59.3%
Amounts receivable within one year40/41	€3k	€16k	▲ 388%
Trade receivables40	€3k	€11k	▲ 250%
Other amounts receivable41	-	€4k	-
Cash at bank and in hand54/58	€35k	€18k	▼ 48.5%
Equity and liabilities
Total equity and liabilities10/49	€43k	€40k	▼ 6.4%
Equity10/15	€32k	€40k	▲ 25.0%
Contributions10/11	€5k	€5k	=
Reserves13	€27k	€35k	▲ 29.7%
Distributable reserves133	€27k	€35k	▲ 29.7%
Amounts payable17/49	€11k	€682	▼ 94.0%
Amounts payable within one year42/48	€11k	€682	▼ 94.0%
Trade debts44	€511	€23	▼ 95.4%
Suppliers440/4	€511	€23	▼ 95.4%
Taxes, remuneration and social security45	€10k	€0	▼ 100%
Taxes450/3	€10k	€0	▼ 100%
Other amounts payable47/48	€411	€659	▲ 60.2%

Line	2024	2025	Change
Profit (loss) for the period9904	€27k	€8k	▼ 70.3%
+ Depreciation and write-downs630	€237	€446	▲ 88.1%
Operating cash flow (approximation)	€27k	€8k	▼ 68.9%
Investment in fixed assets (approximation)	-	€0	-
Change in cash	-	€-17k	-

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

All 3Financial 1Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

08-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Liquidity times 16current ratio 56.82

Current ratio from 3.61 to 56.82; short-term debt falls from €11k to €682.

10-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Rijkevorsel · 1 establishment unit since 2023

seat establishment The establishment unit on the map

Ground area

843 m²

Building footprint

135 m²

Volume, LiDAR

628 m³

Parcel 13502E0274/00B000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

SOWACON

Veldstraat 57, 2310 RijkevorselInstallation of industrial machinery and equipment

since 20232.351.558.231

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13502E0274/00B000	Flanders	843 m²	1 · 135 m²	7.5 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.

Similar companies · same sector, comparable size

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RIGHT4IT

BE 0507.957.722

Le Roeulx · Eq €39,615

CALPCONSULT

BE 0729.837.007

Erpe-Mere · Eq €39,663

Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,331 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

Founded24-10-2023

Fiscal year end31-12

Activities, NACEBEL 2025

43211General electrical installation work

43221Plumbing work

43410Roofing work

74999Other professional, scientific and technical activities

Scores and ratios are computed by Checked and are not a credit decision.