THE GOOD SOAP
ActiveTHE GOOD SOAP has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €24k and a net result of €-7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 45% of 177 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability11▲+1
Solvency44▼-55
Growth52=
Track record94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.68 against 3.87 in 2023; short-term debt: 80.6% and cash: 12.6% of total assets), and 80.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Sector 20
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
19.4%
Return on assets
-5.9%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
21222324
2021 to 2024 · latest year €-7k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
134 d early
2022
30 d late
2021
15 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€24k▼ 29.9%
2023 · €34k
2021: €2k
2022: €243
2023: €34k
2021 → 2024
Total assets
€122k▲ 167%
2023 · €45k
2021: €12k
2022: €12k
2023: €45k
2021 → 2024
Net result
€-7k▼ 44.1%
2023 · €-5k
2021: €-3k
2022: €-2k
2023: €-5k
2021 → 2024
Working capital
€-31k
2023 · €34k
2021: €2k
2022: €243
2023: €34k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€2k-€243▼ 87.9%€34k▲ 13,788%€24k▼ 29.9%
Operating result€-3k-€-2k▲ 44.5%€-4k▼ 163%€-7k▼ 61.1%
Net result€-3k-€-2k▲ 41.2%€-5k▼ 184%€-7k▼ 44.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2024 against €4k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €122k
Fixed assets
€55k
Current assets
€67k
Equity and liabilities €122k
Equity
€24k▼ 29.9%
Debt
€98k▲ 733%
The debt ratio rises from 25.9% to 80.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-3k
Cash flow
€-3k
Solvency
19.4%▼
2023 · 74.1%
Current ratio
0.68▼
2023 · 3.87
Quick ratio
0.33▼
2023 · 3.38
Debt / equity
4.15▲
2023 · 0.35
ROE
-30.5%▼
2023 · -14.8%
ROA
-5.9%▲
2023 · -11.0%
Interest coverage
-15.56
Debt
€98k▲
2023 · €12k
Debt ≤ 1 year
€98k▲
2023 · €12k
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€45k€122k▲
Fixed assets21/28-€55k
Tangible fixed assets22/27-€55k
Plant, machinery and equipment23-€47k
Furniture and vehicles24-€3k
Other tangible fixed assets26-€5k
Current assets29/58€45k€67k▲
Stocks and contracts in progress3€6k€34k▲
Stocks30/36€6k€34k▲
Amounts receivable within one year40/41€30k€17k▼
Trade receivables40€18k€5k▼
Other amounts receivable41€12k€12k=
Cash at bank and in hand54/58€9k€15k▲
Deferred charges and accrued income490/1€858€313▼
Equity and liabilities
Total equity and liabilities10/49€45k€122k▲
Equity10/15€34k€24k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-10k€-17k▼
Investment grants15€38k€36k▼
Amounts payable17/49€12k€98k▲
Amounts payable within one year42/48€12k€98k▲
Trade debts44€2k€9k▲
Suppliers440/4€2k€9k▲
Taxes, remuneration and social security45€327€1k▲
Taxes450/3€327€1k▲
Other amounts payable47/48€10k€87k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€4k
Other operating charges640/8€470€440▼
Gross operating margin9900€-4k€-2k▲
Operating profit (loss)9901€-4k€-7k▼
Financial income75/76B€75€36▼
Recurring financial income75€75€36▼
Financial charges65/66B€690€178▼
Recurring financial charges65€690€178▼
Profit (loss) for the period before taxes9903€-5k€-7k▼
Profit (loss) for the period9904€-5k€-7k▼
Profit (loss) for the period to be appropriated9905€-5k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-17k▼
Profit (loss) brought forward from the previous period14P€-5k€-10k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 3.87
Current ratio from 1.02 to 3.87; short-term debt falls from €12k to €12k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Flémalle · 1 establishment unit since 2021
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.
Rue Pyrie 164400 FlémalleGround area
1.5 ha
Parcel 62055C0331/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
THE GOOD SOAP
since 20212.325.615.184
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62055C0331/00B000 | Wallonia | 1.5 ha | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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SAVOLUX
BE 0469.932.237
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Laboratoires Pi Care
BE 0651.863.358
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LA RESSOURCE
BE 0747.863.466
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Gabert
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Of 157 companies in sector 20411 we hold annual accounts for 45. 18 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2021
Fiscal year end31-12
Activities, NACEBEL
20411Manufacture of chemicals and chemical products
47120Other non-specialised retail sale
47910Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.