SOYL
ActiveSummary
SOYL has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€653,732. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 95% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth22=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity ample (current ratio 17.61; short-term debt: 5.7% and cash: 10.9% of total assets), and 5.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94.1%
Return on assets
-46.7%
Age of the figures
9 mo
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 -€653,732
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
8 d early
2023
12 d early
2022
14 d early
2021
16 d early
2020
37 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?Suslino · 19 companies How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#2 oldest company in Lichtervelde, Wholesale and retail trade sector#9 company by equity in Lichtervelde, Wholesale and retail trade sector
Turnover
€3.2m▼ 43.6%
2024 · €5.7m
EBIT margin
-20.7%▼ 13.6pp
2024 · -7.1%
Net result
-€653,732▼ 92.9%
2024 · -€338,950
Working capital
€1.3m▼ 33.0%
2024 · €2.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20212022202320242025
Turnover€16.2m▲ 9.1%€19.0m▲ 16.8%€9.2m▼ 51.3%€5.7m▼ 38.8%€3.2m▼ 43.6%
Operating result€1.2m▲ 11.1%€945,280▼ 20.5%-€455,256-€401,049▲ 11.9%-€659,051▼ 64.3%
Net result€1.1mabove the sector's middle half▲ 14.2%€630,360within the sector's middle half▼ 41.9%-€442,310below the sector's middle half-€338,950below the sector's middle half▲ 23.4%-€653,732below the sector's middle half▼ 92.9%
EBIT margin7.3%▲ 0.1pp5.0%▼ 2.3pp-4.9%▼ 9.9pp-7.1%▼ 2.2pp-20.7%▼ 13.6pp
Equity€2.7mwithin the sector's middle half▲ 9.4%€2.8mwithin the sector's middle half▲ 1.1%€2.3mwithin the sector's middle half▼ 16.1%€2.0mwithin the sector's middle half▼ 14.7%€1.3mwithin the sector's middle half▼ 33.2%
Total assets€4.2mwithin the sector's middle half▲ 15.3%€5.2mwithin the sector's middle half▲ 25.4%€3.1mwithin the sector's middle half▼ 40.1%€2.0mwithin the sector's middle half▼ 36.5%€1.4mwithin the sector's middle half▼ 29.4%
Debt€1.4m▲ 28.4%€2.5m▲ 71.5%€810,789▼ 67.0%€11,154▼ 98.6%€82,488▲ 640%
Working capital€2.7m▲ 9.4%€2.8m▲ 1.1%€2.3m▼ 16.1%€2.0m▼ 14.7%€1.3m▼ 33.0%
Solvency65.5%above the sector's middle half▼ 3.5pp52.8%within the sector's middle half▼ 12.7pp74.0%above the sector's middle half▲ 21.2pp99.4%above the sector's middle half▲ 25.4pp94.1%above the sector's middle half▼ 5.3pp
Staff (FTE)1.7below the sector's middle half▲ 143%1.7below the sector's middle half=1.7below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €659,051 in 2025 against €401,049 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.4m
Equity
€1.3m ▼ 33.2%
Debt
€82,488 ▲ 640%
Debt's share of the balance-sheet total rises from 0.6% to 5.9%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
17.61
Quick ratio
5.07
Debt to equity
0.06▲
2024 · 0.01
ROE
-49.6%▼
2024 · -17.2%
ROA
-46.7%▼
2024 · -17.1%
Debt ≤ 1 year
€79,549▲
2024 · €11,154
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 926 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.7%
stopped otherwise
90%
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 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 926 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €17.0m | €21.2m | €6.2m | €5.7m | €3.2m | ▼ 44.3% |
| Turnover70 | €16.2m | €19.0m | €9.2m | €5.7m | €3.2m | ▼ 43.6% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €782,374 | €2.2m | -€3.0m | €1,317 | -€36,394 | ▼ 2,863% |
| Other operating income74 | €12,261 | €66,803 | €5,269 | €68 | - | - |
| Operating charges60/66A | €15.8m | €20.2m | €6.7m | €6.1m | €3.8m | ▼ 37.1% |
| Goods for resale, raw materials and consumables60 | €15.3m | €19.6m | €6.2m | €5.4m | €3.4m | ▼ 38.0% |
| Purchases600/8 | €15.0m | €18.9m | €6.3m | €4.4m | €3.7m | ▼ 15.4% |
| Change in stocks: decrease (increase)609 | €311,459 | €747,980 | -€78,449 | €987,174 | -€388,640 | ▼ 139% |
| Services and other goods61 | €481,726 | €510,363 | €369,127 | €644,459 | €453,972 | ▼ 29.6% |
| Remuneration, social security and pensions62 | €57,285 | €93,652 | €111,974 | €341 | - | - |
| Other operating charges640/8 | €1,287 | €2,520 | €1,404 | €2,892 | €1,667 | ▼ 42.4% |
| Operating profit (loss)9901 | €1.2m | €945,280 | -€455,256 | -€401,049 | -€659,051 | ▼ 64.3% |
| Financial income75/76B | €257 | - | €25,909 | €62,696 | €9,192 | ▼ 85.3% |
| Recurring financial income75 | €257 | - | €25,909 | €62,696 | €9,192 | ▼ 85.3% |
| Income from current assets751 | €253 | - | €25,909 | €62,696 | €9,192 | ▼ 85.3% |
| Other financial income752/9 | €4 | - | - | - | - | - |
| Financial charges65/66B | €25,673 | €103,707 | €12,964 | €598 | €3,873 | ▲ 548% |
| Recurring financial charges65 | €25,673 | €103,707 | €12,964 | €598 | €3,873 | ▲ 548% |
| Debt charges650 | €22,343 | €102,190 | €12,118 | - | €2,939 | - |
| Other financial charges652/9 | €3,330 | €1,517 | €846 | €598 | €934 | ▲ 56.3% |
| Profit (loss) for the period before taxes9903 | €1.2m | €841,573 | -€442,310 | -€338,950 | -€653,732 | ▼ 92.9% |
| Income taxes67/77 | €78,840 | €211,214 | - | - | - | - |
| Taxes670/3 | €78,840 | €211,214 | - | - | - | - |
| Profit (loss) for the period9904 | €1.1m | €630,360 | -€442,310 | -€338,950 | -€653,732 | ▼ 92.9% |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €630,360 | -€442,310 | -€338,950 | -€653,732 | ▼ 92.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.2m | €5.2m | €3.1m | €2.0m | €1.4m | ▼ 29.4% |
| Current assets29/58 | €4.2m | €5.2m | €3.1m | €2.0m | €1.4m | ▼ 29.4% |
| Stocks and contracts in progress3 | €3.1m | €4.5m | €1.6m | €645,461 | €997,707 | ▲ 54.6% |
| Stocks30/36 | €3.1m | €4.5m | €1.6m | €645,461 | €997,707 | ▲ 54.6% |
| Raw materials and consumables30/31 | €1.7m | €908,725 | €987,174 | - | €388,640 | - |
| Finished goods33 | €1.5m | €3.6m | €644,144 | €645,461 | €609,067 | ▼ 5.6% |
| Amounts receivable within one year40/41 | €1.0m | €664,772 | €404,857 | €266,834 | €250,166 | ▼ 6.2% |
| Trade receivables40 | €1.0m | €521,811 | €404,857 | €169,600 | €240,974 | ▲ 42.1% |
| Other amounts receivable41 | - | €142,961 | - | €97,234 | €9,191 | ▼ 90.5% |
| Cash at bank and in hand54/58 | - | - | €1.1m | €1.1m | €152,671 | ▼ 85.7% |
| Deferred charges and accrued income490/1 | - | €374 | €152 | €102 | €236 | ▲ 131% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.2m | €5.2m | €3.1m | €2.0m | €1.4m | ▼ 29.4% |
| Equity10/15 | €2.7m | €2.8m | €2.3m | €2.0m | €1.3m | ▼ 33.2% |
| Contributions10/11 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Capital10 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Issued capital100 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Reserves13 | €150,124 | €150,124 | €150,124 | €150,124 | €150,124 | = |
| Non-distributable reserves130/1 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Legal reserve130 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Tax-exempt reserves132 | €124 | €124 | €124 | €124 | €124 | = |
| Profit (loss) carried forward14 | €1.1m | €1.1m | €660,851 | €321,900 | -€331,832 | ▼ 203% |
| Amounts payable17/49 | €1.4m | €2.5m | €810,789 | €11,154 | €82,488 | ▲ 640% |
| Amounts payable within one year42/48 | €1.4m | €2.5m | €810,789 | €11,154 | €79,549 | ▲ 613% |
| Trade debts44 | €35,494 | €38,564 | €717,122 | €11,154 | €34,013 | ▲ 205% |
| Suppliers440/4 | €35,494 | €38,564 | €717,122 | €11,154 | €34,013 | ▲ 205% |
| Taxes, remuneration and social security45 | €35,314 | €17,820 | €93,667 | - | €45,536 | - |
| Taxes450/3 | €21,194 | €4,182 | €76,421 | - | €45,536 | - |
| Remuneration and social security454/9 | €14,120 | €13,637 | €17,246 | - | - | - |
| Other amounts payable47/48 | €1.4m | €2.4m | - | - | - | - |
| Accrued charges and deferred income492/3 | €48 | €0 | €0 | - | €2,939 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €630,360 | -€442,310 | -€338,950 | -€653,732 | ▼ 92.9% |
| Operating cash flow (approximation) | €1.1m | €630,360 | -€442,310 | -€338,950 | -€653,732 | ▼ 92.9% |
| Change in cash | - | - | - | -€14,655 | -€918,110 | ▼ 6,165% |
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
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€653,732
Net result drops to -€653,732, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity times 46current ratio 177.80
Current ratio from 3.85 to 177.80; short-term debt falls from €810,789 to €11,154.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €1.1m ▲1.4%
Net result €1.1m, the highest in the series.
15-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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
16 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, Lichtervelde · 1 establishment unit since 1976
Ground area
1.2 ha
Building footprint
1,111 m²
Volume, LiDAR
6,294 m³
Parcel 36011E0435/06Z000, Flanders · tallest building 13.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Kortemarkstraat 8, 8810 Lichtervelde
since 19762.142.825.812
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36011E0435/06Z000 | Flanders | 1.2 ha | 1 · 1,111 m² | 13.6 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.
Structure & network
Part of the group
Suslino
19 companies
Group, risk and exposure
Owners and holdings
2 ownersChain of control
Highest known parent: Suslino. The sources do not say who stands above it.
Owners 2
-
99.99%
-
0.01%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLichtervelde2.142.825.812
Legal Entity Identifier
5493007X3WIQLSM9PY27
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Of 689 companies in sector 46216 we hold annual accounts for 476. 390 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
Founded03-05-1976
Fiscal year end31-12
Activities, NACEBEL 2025
46216Wholesale of agricultural produce and animal feed, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0415964011
Registered
14-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.