SOCIALEX
ActiveSummary
The annual accounts of SOCIALEX for fiscal year 2024 show a net loss of 68% of total assets and of 66% of the equity at the start of that year. The 2024 annual accounts show equity of €8k and a net result of €-15k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 46% of 699 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-23
Solvency61▼-27
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.56 against 2.71 in 2023; short-term debt: 64.1% and cash: 34.5% of total assets), but 64.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 88
Relative position
BE, all sectors
reference
Sector 88
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
35.9%
Return on assets
-68.5%
Age of the figures
21 mo
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 · 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
18192021222324
2018 to 2024 · latest year €-15k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2025, 48 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
48 d late
2023
58 d late
2022
24 d late
2021
25 d late
2020
30 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€8k▼ 65.6%
2023 · €23k
2018: €24k
2019: €23k
2020: €23k
2021: €24k
2022: €25k
2023: €23k
2018 → 2024
Total assets
€22k▼ 39.6%
2023 · €36k
2018: €50k
2019: €59k
2020: €64k
2021: €68k
2022: €54k
2023: €36k
2018 → 2024
Net result
€-15k▼ 620%
2023 · €-2k
2018: €2k
2019: €-846
2020: €-113
2021: €612
2022: €880
2023: €-2k
2018 → 2024
Working capital
€8k▼ 65.6%
2023 · €23k
2018: €24k
2019: €23k
2020: €23k
2021: €24k
2022: €25k
2023: €23k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€23k-€24k▲ 2.6%€25k▲ 3.7%€23k▼ 8.4%€8k▼ 65.6%
Operating result€18-€741▲ 3,933%€1k▲ 66.6%€-17k€-15k▲ 15.6%
Net result€-113-€612€880▲ 43.7%€-2k€-15k▼ 620%
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 €15k in 2024 against €17k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €22k
Equity
€8k ▼ 65.6%
Debt
€14k ▲ 4.8%
Debt's share of the balance-sheet total rises from 36.9% to 64.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.56▼
2023 · 2.71
Debt to equity
1.78▲
2023 · 0.59
ROE
-190.7%▼
2023 · -9.1%
ROA
-68.5%▼
2023 · -5.7%
Debt ≤ 1 year
€14k▲
2023 · €13k
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 · 33 lines
Balance sheet
Code20232024
Assets
Total assets20/58€36k€22k▼
Current assets29/58€36k€22k▼
Amounts receivable within one year40/41€28k€14k▼
Trade receivables40€15k€14k▼
Other amounts receivable41€14k€515▼
Cash at bank and in hand54/58€8k€8k▼
Equity and liabilities
Total equity and liabilities10/49€36k€22k▼
Equity10/15€23k€8k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€15k€-237▼
Amounts payable17/49€13k€14k▲
Amounts payable within one year42/48€13k€14k▲
Trade debts44€13€387▲
Suppliers440/4€13€387▲
Taxes, remuneration and social security45€207-
Taxes450/3€207-
Other amounts payable47/48€13k€14k▲
Income statement
Code20232024
Other operating charges640/8€16k€14k▼
Gross operating margin9900€-1k€-864▲
Operating profit (loss)9901€-17k€-15k▲
Financial income75/76B€16k€23▼
Recurring financial income75€16k€23▼
Non-recurring financial income76B€16k-
Financial charges65/66B€138€197▲
Recurring financial charges65€138€197▲
Profit (loss) for the period before taxes9903€-2k€-15k▼
Profit (loss) for the period9904€-2k€-15k▼
Profit (loss) for the period to be appropriated9905€-2k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€-237▼
Profit (loss) brought forward from the previous period14P€17k€15k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
2024
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Back to profitnet €612
Net result €612 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 132 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
10-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 102 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, Liège · 1 establishment unit since 2004
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 Eracle 574000 LiègeGround area
298 m²
Building footprint
125 m²
Volume, LiDAR
1,495 m³
Parcel 62815C0203/00H004, Wallonia · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SOCIALEX
since 20042.135.472.519
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62815C0203/00H004 | Wallonia | 298 m² | 1 · 125 m² | 14.6 m · 4 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.
Similar companies · same sector, comparable size
Bruss'Help
BE 0723.632.965
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HospiLim
BE 0833.506.251
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GLOBAL MEDICAL LOGISTICAL ASSISTANCE
BE 0472.659.422
Antwerpen · Eq €8,902
PERFORMANT
BE 0834.582.357
Blankenberge · Eq €6,778
CITE MODELE - MODELWIJK
BE 0462.480.855
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Of 2,203 companies in sector 88999 we hold annual accounts for 802. 160 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
Founded16-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
88999Other social work without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.