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SO-FINE

Active
KBO/BCE: BE 0795.705.747
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Age3 yrs
Staff (FTE)0.6
Real estate3 parcels · 2,394 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of SO-FINE is 2.3% (moderate). The 2024 annual accounts show equity of €178k and a net result of €59k. Its solvency ranks better than 77% of 3354 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Signals

2 signals · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 77% of 3354 peers (2024). A comfortable equity buffer.
View the sector comparison
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 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.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 27-09-2025 58 d late 2025-00519729
31-12-2023 31-07-2024 30-08-2024 30 d late 2024-00436737

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
2.3% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Multiple establishment units +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€59k-48.5%
Working capital€158k+56.9%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 27-09-2025 with the NBB · fiscal year 2024 · micro
€0€50k€100k€150kOperating result 2023: €152k€152kNet result 2023: €115k€115kOperating result 2024: €77k€77kNet result 2024: €59k€59k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 62.7% 25.2%
better than 77% of 3354 sector peers
Net result €59k €4k
better than 89% of 3341 sector peers
Equity €178k €23k
better than 89% of 3361 sector peers
Gross operating margin €101k €19k
better than 85% of 3327 sector peers
Staff costs €15k €27k
higher than 38% of 938 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€82k
-47.1% 23-24
Net profit
€59k
-48.5% 23-24
Cash flow
€64k
-45.6% 23-24
Total assets
€285k
+55.5% 23-24
Equity
€178k
+49.3% 23-24
Working capital
€158k
+56.9% 23-24
Employees (FTE)
1
+200.0% 23-24
Staff costs
€15k
+237.2% 23-24
Income taxes
€16k
-50.6% 23-24
Debt
€106k
+67.1% 23-24
Debt ≤ 1y
€73k
+21.4% 23-24
Debt > 1y
€33k
- 23-24
Current ratio
3.15
+18.2% 23-24
Quick ratio
1.82
-5.0% 23-24
Solvency
62.7%
-4.0% 23-24
Debt / equity
0.59
+11.9% 23-24
ROE
33.0%
-65.5% 23-24
ROA
20.7%
-66.9% 23-24
Interest coverage
30.34
-24.5% 23-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA€82k
Net profit€59k
Cash flow€64k
Staff costs€15k
Income taxes€16k
Dividends-
Total assets€285k
Equity€178k
Debt€106k
of which ≤ 1y€73k
of which > 1y€33k
Working capital€158k
Employees (FTE)0.6
Ratios (computed)
2024
Current ratio3.15
Quick ratio1.82
Working capital ratio55.4%
Solvency62.7%
Debt / equity0.59
Long-term debt ratio0.18
Interest coverage30.34
Gross margin-
Net margin-
ROA20.7%
ROE33.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€285k
Fixed assets 21/28€54k
Intangible fixed assets 21€825
Tangible fixed assets 22/27€53k
Current assets 29/58€231k
Stocks & contracts in progress 3€98k
Amounts receivable within one year 40/41€10k
Cash & bank 54/58€122k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€285k
Equity 10/15€178k
Contributions / capital 10/11€5k
Reserves 13€173k
Amounts payable 17/49€106k
Amounts payable after one year 17€33k
Amounts payable within one year 42/48€73k
Trade debts payable within one year 44€30k
Income statement
Gross operating margin 9900€101k
Operating result 9901€77k
Financial income 75€1k
Financial charges 65€3k
Result before taxes 9903€75k
Income taxes 67/77€16k
Net result for the period 9904€59k
Result to be appropriated 9905€59k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
93 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Legeweg 124 A8200 Brugge

Establishment units

2 locations
SO-FINE
Legeweg 124A, 8200 BruggeDetailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
since 20232.340.008.303
So-Fine
Torhoutse Steenweg 100B, 8200 BruggeHandelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren
since 20232.341.407.675
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels3
Ground area2,394 m²
Buildings3
Building footprint1,306 m²
Volume (LiDAR)8,744 m³
Tallest building11.8 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31027D0651/00A000 Flanders 1,753 m² 1 · 1,146 m² 11.1 m · 2 fl.
31424B0680/00G002 Flanders 338 m² 1 · 87 m² 11.8 m · 3 fl.
31424B0681/00G000 Flanders 302 m² 1 · 73 m² 11.0 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health93Profitability100Solvency99Growth52Stability94
88 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93
Profitability 100
Solvency 99
Growth 52
Stability 94

Ask AI about this company

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Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

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AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 136 of the 1,280 companies in this sector. 79 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Handelsbemiddeling in textiel, kleding, bont, schoeisel en lederwaren46160Handelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren46160Detailhandel in damesbovenkleding in gespecialiseerde winkels47711Detailhandel in damesbovenkleding47711Groothandel in kledingaccessoires46424Groothandel in kledingaccessoires46424
Primary activity highlighted.
Names & trade names
Legal nameNL SO-FINE
Registered office
Legeweg 124 A
8200 Brugge, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.