SOCADAN
ActiveSummary
SOCADAN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.05M and a net result of €143k. Equity is growing by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 72.18 against 6.91 in 2023; short-term debt: 1.2% and cash: 9.2% of total assets), and 1.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
98.7%
Return on assets
13.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-07-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
4 d early
2023
34 d early
2022
36 d early
2021
28 d early
2020
39 d early
2019
40 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1.05M▲ 15.7%
2023 · €908k
2018: €295k
2019: €361k
2020: €451k
2021: €733k
2022: €822k
2023: €908k
2018 → 2024
Total assets
€1.06M▲ 3.2%
2023 · €1.03M
2018: €421k
2019: €395k
2020: €493k
2021: €782k
2022: €846k
2023: €1.03M
2018 → 2024
Net result
€143k▼ 23.3%
2023 · €186k
2018: €72k
2019: €65k
2020: €92k
2021: €283k
2022: €89k
2023: €186k
2018 → 2024
Working capital
€873k▲ 21.4%
2023 · €719k
2018: €128k
2019: €157k
2020: €258k
2021: €545k
2022: €643k
2023: €719k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€451k-€733k▲ 62.5%€822k▲ 12.2%€908k▲ 10.4%€1.05M▲ 15.7%
Operating result€132k-€418k▲ 217%€126k▼ 69.7%€271k▲ 114%€183k▼ 32.6%
Net result€92k-€283k▲ 209%€89k▼ 68.5%€186k▲ 109%€143k▼ 23.3%
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 33% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.06M
Fixed assets
€178k ▼ 5.9%
Current assets
€886k ▲ 5.3%
Equity and liabilities €1.06M
Equity
€1.05M ▲ 15.7%
Debt
€14k ▼ 88.9%
Debt's share of the balance-sheet total falls from 12.0% to 1.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€194k▼
2023 · €280k
Cash flow
€154k▼
2023 · €196k
Current ratio
72.18▲
2023 · 6.91
Debt to equity
0.01▼
2023 · 0.14
ROE
13.6%▼
2023 · 20.5%
ROA
13.4%▼
2023 · 18.1%
Interest coverage
473.82▲
2023 · 190.56
Debt ≤ 1 year
€12k▼
2023 · €122k
Income taxes
€67k▼
2023 · €89k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.03M€1.06M▲
Fixed assets21/28€190k€178k▼
Tangible fixed assets22/27€190k€178k▼
Land and buildings22€170k€164k▼
Furniture and vehicles24€20k€15k▼
Current assets29/58€841k€886k▲
Amounts receivable after more than one year29€100k-
Trade receivables290€100k-
Amounts receivable within one year40/41€36k-
Trade receivables40€36k-
Other amounts receivable41€11-
Current investments50/53€519k€778k▲
Cash at bank and in hand54/58€185k€98k▼
Deferred charges and accrued income490/1€2k€10k▲
Equity and liabilities
Total equity and liabilities10/49€1.03M€1.06M▲
Equity10/15€908k€1.05M▲
Contributions10/11€6k€6k=
Reserves13€816k€1.01M▲
Distributable reserves133€816k€1.01M▲
Profit (loss) carried forward14€85k€35k▼
Amounts payable17/49€123k€14k▼
Amounts payable within one year42/48€122k€12k▼
Trade debts44€340€2k▲
Suppliers440/4€340€2k▲
Taxes, remuneration and social security45€18k€3k▼
Taxes450/3€18k€3k▼
Other amounts payable47/48€104k€8k▼
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€11k▲
Other operating charges640/8€7k€5k▼
Gross operating margin9900€287k€199k▼
Operating profit (loss)9901€271k€183k▼
Financial income75/76B€6k€28k▲
Recurring financial income75€6k€28k▲
Financial charges65/66B€1k€409▼
Recurring financial charges65€1k€409▼
Profit (loss) for the period before taxes9903€275k€210k▼
Income taxes67/77€89k€67k▼
Profit (loss) for the period9904€186k€143k▼
Profit (loss) for the period to be appropriated9905€186k€143k▼
Appropriation of the result
Profit (loss) to be appropriated9906€301k€228k▼
Profit (loss) brought forward from the previous period14P€114k€85k▼
Transfer from equity791/2€101k-
Transfer to equity691/2€215k€193k▼
To other reserves6921€215k€193k▼
Profit to be distributed694/7€101k-
Return on contributions (dividend)694€101k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
23-01
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
23-01
State Gazette act
General meeting · Director resignation
Permanent representative
23-01
State Gazette act
General meeting · Director resignation
Permanent representative
07-01
State Gazette act
General meeting · Director resignation
Permanent representative
2024
31-12
Financial
Liquidity times 10current ratio 72.18
Current ratio from 6.91 to 72.18; short-term debt falls from €122k to €12k.
31-12
Financial
Equity above €1MEq €1.05M ▲15.7%
7 profitable years in a row build equity to €1.05M.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
09-04
State Gazette act
Board meeting · Power of attorney
Mandate term
02-04
State Gazette act
General meeting · Director resignation
Director appointment · Board composition
02-04
State Gazette act
General meeting · Director resignation
Director appointment · Board composition · Liene Van Den Bosch
26-01
State Gazette act
General meeting · Director resignation
Director appointment · Board composition
Show earlier events
10-01
State Gazette act
General meeting · Purpose change
Corporate purpose · Capital decrease
2023
14-11
State Gazette act
Board meeting · Power of attorney
Mandate term
25-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 29.76
Current ratio from 12.12 to 29.76; short-term debt falls from €49k to €22k.
03-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
20-05
State Gazette act
Merger · Accounting effect
Real estate · Permanent representative
20-05
State Gazette act
Merger proposal · Merger
Accounting effect · Permanent representative
2021
31-12
Financial
Highest result since 2018net €283k ▲209%
Operating result €418k, net result €283k, both a record.
31-12
Financial
Equity above €500kEq €733k ▲62.5%
4 profitable years in a row build equity to €733k.
29-11
State Gazette act
Board meeting · Director appointment
Permanent representative · General meeting
29-11
State Gazette act
Board meeting · Director appointment
Permanent representative · General meeting
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €65k ▼9.6%
Net result drops to €65k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 5.59
Current ratio from 2.69 to 5.59; short-term debt falls from €76k to €34k.
23-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
23-06
State Gazette act
General meeting · Director reappointment
Permanent representative · Mandate compensation
2015
11-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB 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, Kortrijk · 1 establishment unit since 2011
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.
Rode-Beukendreef(Rol) 128510 KortrijkGround area
1,602 m²
Building footprint
203 m²
Volume, LiDAR
1,161 m³
Parcel 34033C0255/00M000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Socadan
since 20112.203.958.180
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34033C0255/00M000 | Flanders | 1,602 m² | 1 · 203 m² | 8.7 m · 2 fl. |
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.
Structure & network
Ownership & control
5 board mandatesBoard mandates of this companythis company sits on their board5
1 location
1 location
1 location
1 location
1 location
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 27,319 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.