Checked.be
Active
BE 0827.622.509Private limited company
SOETAERS
Klameerstraat 37 ·3570 Alken, Belgium· 16 yrs active
Sector: Insulation installation
(43230)
Conclusion
SOETAERS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €207k and a net result of €2k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 92% of 36383 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €207k |
| Net result | €2k |
| Better than sector | 92% |
| Active | 16 yrs |
Financial profile
69
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
5
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2010, 16 years in business.
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.
Checked score
86
/ 100
Excellent
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.
Indicative credit limit
€18k
estimate, not credit advice
Score history
86
2022
94
2023
86
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 7.76 (≥ 1.5)
+10
Quick ratio
Quick ratio 6.64 (≥ 1.0)
+5
Leverage
Debt/equity 0.13 (< 1.0)
+10
Profitability
ROE 1%
+3
Interest coverage
Interest coverage 91.3× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 17-07-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~3%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 88.1% | 46.6% | |
| Net result | €2k | €9k | |
| Equity | €207k | €58k | |
| Gross operating margin | €18k | €38k | |
| Total assets | €235k | €140k |
€18k
-37.1%
22-24
€2k
-80.6%
22-24
€21k
-22.4%
22-24
€235k
-5.2%
22-24
€207k
+1.1%
22-24
€169k
+14.1%
22-24
€128
-96.7%
22-24
€2k
-93.2%
22-24
€28k
-35.2%
22-24
€25k
-37.9%
22-24
7.76
+65.8%
22-24
6.64
+50.0%
22-24
88.1%
+6.7%
22-24
0.13
-35.9%
22-24
1.1%
-80.8%
22-24
1.0%
-79.5%
22-24
91.30
-55.2%
22-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €18k | €29k | €20k |
| Net profit | €2k | €12k | €5k |
| Cash flow | €21k | €27k | €20k |
| Staff costs | - | - | - |
| Income taxes | €128 | €4k | €2k |
| Dividends | - | €2k | €25k |
| Total assets | €235k | €248k | €273k |
| Equity | €207k | €205k | €195k |
| Debt | €28k | €43k | €78k |
| of which ≤ 1y | €25k | €40k | €75k |
| of which > 1y | - | - | - |
| Working capital | €169k | €148k | €170k |
| Employees (FTE) | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 7.76 | 4.68 | 3.27 |
| Quick ratio | 6.64 | 4.43 | 2.70 |
| Working capital ratio | 71.6% | 59.5% | 62.4% |
| Solvency | 88.1% | 82.6% | 71.4% |
| Debt / equity | 0.13 | 0.21 | 0.40 |
| Long-term debt ratio | - | - | - |
| Interest coverage | 91.30 | 203.67 | 151.50 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 1.0% | 4.7% | 1.9% |
| ROE | 1.1% | 5.7% | 2.6% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €235k | €248k | €273k |
| Fixed assets | 21/28 | €42k | €60k | €28k |
| Tangible fixed assets | 22/27 | €42k | €60k | €28k |
| Current assets | 29/58 | €193k | €188k | €245k |
| Stocks & contracts in progress | 3 | €28k | €10k | €43k |
| Amounts receivable within one year | 40/41 | €19k | €57k | €58k |
| Investments | 50/53 | €130k | €84k | €110k |
| Cash & bank | 54/58 | €16k | €32k | €30k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €235k | €248k | €273k |
| Equity | 10/15 | €207k | €205k | €195k |
| Contributions / capital | 10/11 | €19k | €19k | €19k |
| Reserves | 13 | €189k | €187k | €177k |
| Amounts payable | 17/49 | €28k | €43k | €78k |
| Amounts payable within one year | 42/48 | €25k | €40k | €75k |
| Trade debts payable within one year | 44 | €5k | €7k | €38k |
| Income statement | ||||
| Gross operating margin | 9900 | €18k | €30k | €22k |
| Operating result | 9901 | €-477 | €14k | €5k |
| Financial income | 75 | €3k | €2k | €3k |
| Financial charges | 65 | €198 | €141 | €135 |
| Result before taxes | 9903 | €2k | €16k | €8k |
| Income taxes | 67/77 | €128 | €4k | €2k |
| Net result for the period | 9904 | €2k | €12k | €5k |
| Result to be appropriated | 9905 | €2k | €12k | €5k |
Legal Structure
| NACE primary | Insulation installation(43230) |
| Legal form | Private limited company(610) |
| Incorporation | 01-07-2010 |
| Status | Active |
| Postal code | 3570 |
Establishment units
SOETAERS B.V.B.A.
since 20102.189.763.617
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73302F0678/00Z000 | Flanders | 2,221 m² | 1 · 343 m² | 8.6 m · 1 fl. |
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.
Updates
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €2k ▼80.6%
Net result drops to €2k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €12k ▲128%
Operating result €14k, net result €12k, both a record.
31-12
Financial
Equity above €200kEq €205k ▲5.1%
2 profitable years in a row build equity to €205k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
08-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 39 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Insulation installation43230Specialised construction activities43291
Names & trade names
| Legal nameNL | SOETAERS |
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