SOWATECHNICS
ActiveSOWATECHNICS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €138k and a net result of €54k. Equity is growing by ~56.2% per year across the filed fiscal years. Its solvency ranks better than 68% of 15870 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
100
/ 100
Excellent▲ +7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency99▲+3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 2.64 against 2.09 in 2023), and 37.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 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
67 d late
2023
66 d late
2022
61 d late
2021
120 d late
2020
278 d late
2019
587 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€138k▲ 63.6%
2023 · €84k
2018: €-152k
2019: €-93k
2020: €-33k
2021: €25k
2022: €56k
2023: €84k
2018 → 2024
Total assets
€220k▲ 38.8%
2023 · €159k
2018: €59k
2019: €112k
2020: €153k
2021: €194k
2022: €161k
2023: €159k
2018 → 2024
Net result
€54k▲ 89.1%
2023 · €28k
2018: €15k
2019: €60k
2020: €60k
2021: €58k
2022: €31k
2023: €28k
2018 → 2024
Working capital
€133k▲ 66.6%
2023 · €80k
2018: €-166k
2019: €-115k
2020: €-50k
2021: €10k
2022: €47k
2023: €80k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-33k-€25k€56k▲ 123%€84k▲ 50.7%€138k▲ 63.6%
Operating result€62k-€69k▲ 10.6%€43k▼ 37.0%€71k▲ 64.5%€64k▼ 9.8%
Net result€60k-€58k▼ 2.6%€31k▼ 47.0%€28k▼ 8.0%€54k▲ 89.1%
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 2024; 2024 is 10% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €220k
Fixed assets
€6k▲ 13.9%
Current assets
€214k▲ 39.7%
Equity and liabilities €220k
Equity
€138k▲ 63.6%
Debt
€82k▲ 10.7%
The debt ratio falls from 46.9% to 37.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€67k▼
2023 · €75k
Cash flow
€56k▲
2023 · €32k
Solvency
62.5%▲
2023 · 53.1%
Current ratio
2.64▲
2023 · 2.09
Quick ratio
2.64▲
2023 · 2.09
Debt / equity
0.60▼
2023 · 0.89
ROE
38.9%▲
2023 · 33.6%
ROA
24.3%▲
2023 · 17.9%
Interest coverage
106.66▲
2023 · 14.84
Debt
€82k▲
2023 · €74k
Debt ≤ 1 year
€81k▲
2023 · €73k
Income taxes
€21k▼
2023 · €41k
Staff costs
€0=
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€159k€220k▲
Fixed assets21/28€5k€6k▲
Tangible fixed assets22/27€5k€5k▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€611€2k▲
Other tangible fixed assets26€5k€3k▼
Financial fixed assets28€0€2k▲
Current assets29/58€153k€214k▲
Amounts receivable within one year40/41€142k€210k▲
Trade receivables40€22k€36k▲
Other amounts receivable41€120k€174k▲
Cash at bank and in hand54/58€12k€4k▼
Equity and liabilities
Total equity and liabilities10/49€159k€220k▲
Equity10/15€84k€138k▲
Contributions10/11€19k€19k=
Reserves13€280€50k▲
Non-distributable reserves130/1€280€50k▲
Reserves not available under the articles1311€280€280=
Other1319-€50k
Profit (loss) carried forward14€65k€69k▲
Amounts payable17/49€74k€82k▲
Amounts payable within one year42/48€73k€81k▲
Trade debts44€19k€12k▼
Suppliers440/4€19k€12k▼
Advances received on contracts in progress46€5k€5k=
Taxes, remuneration and social security45€4k€21k▲
Taxes450/3€0€21k▲
Remuneration and social security454/9€4k€0▼
Other amounts payable47/48€45k€43k▼
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20232024
Remuneration, social security and pensions62€0€0=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼
Other operating charges640/8€6k€9k▲
Non-recurring operating charges66A€473€0▼
Gross operating margin9900€82k€76k▼
Operating profit (loss)9901€71k€64k▼
Financial income75/76B€3k€10k▲
Recurring financial income75€3k€10k▲
Financial charges65/66B€5k€624▼
Recurring financial charges65€5k€624▼
Profit (loss) for the period before taxes9903€69k€74k▲
Income taxes67/77€41k€21k▼
Profit (loss) for the period9904€28k€54k▲
Profit (loss) for the period to be appropriated9905€28k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€65k€119k▲
Profit (loss) brought forward from the previous period14P€37k€65k▲
Transfer to equity691/2-€50k
To other reserves6921-€50k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
31-12
Financial
Equity above €100kEq €138k ▲63.6%
7 profitable years in a row build equity to €138k.
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 66 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 278 days late
10-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 587 days late
2020
31-12
Financial
Highest result since 2018net €60k ▲0.1%
Net result €60k, the highest in the series.
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
16-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 259 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 365 days late
12-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 681 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Durbuy · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tier d'Acneye (Petithan) 106940 DurbuyGround area
3,469 m²
Building footprint
310 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Marcatin,Chanly 38 A, 6921 Wellin
since 19952.070.354.043
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83016B0645/00A000 | Wallonia | 2,558 m² | 1 · 193 m² | - |
| 84013A0728/00G005 | Wallonia | 911 m² | 1 · 117 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
MARIN'S
BE 0466.122.414
Verviers · Eq €138k
pv-consulting.com
BE 0843.369.666
Brugge · Eq €137k
M-WZ
BE 0759.713.304
Etterbeek · Eq €138k
Div'Advice
BE 0702.935.937
Waregem · Eq €138k
EVENTS-SOLUTIONS
BE 0478.420.826
Genappe · Eq €138k
Of 6,127 companies in sector 46190 we hold annual accounts for 2,554. 1,935 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-1995
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
55203Holiday cottages, homes and apartments
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.