SODECAZ
ActiveSODECAZ has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-18k) and a net result of €-8k. Equity is shrinking by ~38.4% per year across the filed fiscal years. Its solvency ranks better than 7% of 2154 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+44
Solvency1▼-13
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26 against 0.27 in 2024; short-term debt: 102.9% and cash: 6.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 2025Solvency, return and age of the figures
Solvency
-23.9%
Return on assets
-10.5%
Age of the figures
9 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-18k
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
31 d late
2024
3 d early
2023
on the day
2022
5 d early
2021
4 d early
2020
4 d early
2019
1 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-8k▲ 36.8%
2024 · €-13k
2018: €-4k
2019: €4k
2020: €-6k
2021: €-2k
2022: €-12k
2023: €-13k
2024: €-13k
2018 → 2025
Working capital
€-58k▼ 4.0%
2024 · €-56k
2018: €25k
2019: €32k
2020: €28k
2021: €22k
2022: €-3k
2023: €-50k
2024: €-56k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€16k▼ 43.5%€2k▼ 84.0%€-10k€-18k▼ 78.5%
Operating result€-1k-€-11k▼ 920%€-13k▼ 18.2%€-12k▲ 5.9%€-8k▲ 34.8%
Net result€-2k-€-12k▼ 461%€-13k▼ 9.1%€-13k▲ 2.5%€-8k▲ 36.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €12k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77k
Fixed assets
€56k▼ 18.8%
Current assets
€21k▲ 0.1%
Key figures and ratios
EBITDA
€5k▲
2024 · €1k
Cash flow
€5k▲
2024 · €236
Solvency
-23.9%▼
2024 · -11.4%
Current ratio
0.26▼
2024 · 0.27
Quick ratio
0.26▼
2024 · 0.27
Debt / equity
-5.19▲
2024 · -9.74
ROA
-10.5%▲
2024 · -14.2%
Interest coverage
16.96▲
2024 · 1.27
Debt
€95k▼
2024 · €100k
Debt ≤ 1 year
€79k▲
2024 · €77k
Debt > 1 year
€16k▼
2024 · €23k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€90k€77k▼
Fixed assets21/28€69k€56k▼
Intangible fixed assets21€30€30=
Tangible fixed assets22/27€68k€55k▼
Plant, machinery and equipment23€68k€55k▼
Financial fixed assets28€1k€1k=
Current assets29/58€21k€21k▲
Amounts receivable within one year40/41€21k€16k▼
Trade receivables40€9k€6k▼
Other amounts receivable41€12k€10k▼
Cash at bank and in hand54/58-€5k
Equity and liabilities
Total equity and liabilities10/49€90k€77k▼
Equity10/15€-10k€-18k▼
Contributions10/11€6k€6k=
Outside capital11€6k-
Share premium1100/10€6k-
Reserves13€7k€7k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Tax-exempt reserves132€6k€6k=
Profit (loss) carried forward14€-24k€-32k▼
Amounts payable17/49€100k€95k▼
Amounts payable after more than one year17€23k€16k▼
Financial debts170/4€23k€16k▼
Amounts payable within one year42/48€77k€79k▲
Financial debts43€6k-
Other loans439€6k-
Trade debts44€406€557▲
Suppliers440/4€406€557▲
Taxes, remuneration and social security45€657-
Taxes450/3€657-
Other amounts payable47/48€69k€78k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€387€400▲
Gross operating margin9900€1k€6k▲
Operating profit (loss)9901€-12k€-8k▲
Financial charges65/66B€866€308▼
Recurring financial charges65€866€308▼
Profit (loss) for the period before taxes9903€-13k€-8k▲
Profit (loss) for the period9904€-13k€-8k▲
Profit (loss) for the period to be appropriated9905€-13k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-32k▼
Profit (loss) brought forward from the previous period14P€-11k€-24k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 5current ratio 18.85
Current ratio from 4.09 to 18.85; short-term debt falls from €10k to €2k.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
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, Tournai · 1 establishment unit since 2001
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 Cazeau(TEM) 677520 TournaiGround area
2,398 m²
Building footprint
556 m²
Volume, LiDAR
4,413 m³
Parcel 57078E0648/00G000, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Cazeau(TEM) 67, 7520 Tournai
since 20012.098.267.475
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57078E0648/00G000 | Wallonia | 2,398 m² | 1 · 556 m² | 11.6 m · 3 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.
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DE GEYTER BOUW
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M&M CONSTRUCTION GÉNÉRALE
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Group Verschooten
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 4,004 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-2001
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.