SOFABO
ActiveSummary
SOFABO has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €213.98M and a net result of €2.38M. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-68
Solvency100=
Growth58▼-10
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 10.71; short-term debt: 7.6% and cash: 2% of total assets), and 7.7% of the assets are financed with debt.
Credit check 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.3%
Return on assets
1%
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
29 d late
2023
30 d late
2022
29 d late
2021
31 d late
2020
66 d late
2019
47 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.25M▼ 43.7%
2024 · €2.23M
2018: €1.73M
2021: €58k
2022: €503k
2023: €2.55M
2024: €2.23M
2018 → 2025
EBIT margin
-207.8%▼ 287.1pp
2024 · 79.3%
2018: 95.0%
2021: 770.6%
2022: -121.2%
2023: 86.2%
2024: 79.3%
2018 → 2025
Net result
€2.38M▼ 46.9%
2024 · €4.48M
2018: €2.11M
2021: €117k
2022: €84.19M
2023: €5.49M
2024: €4.48M
2018 → 2025
Working capital
€171.20M▼ 9.6%
2024 · €189.37M
2018: €10.17M
2021: €8.79M
2022: €178.69M
2023: €185.29M
2024: €189.37M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€58k-€503k▲ 769%€2.55M▲ 406%€2.23M▼ 12.5%€1.25M▼ 43.7%
Equity€135.89M-€202.89M▲ 49.3%€208.49M▲ 2.8%€212.97M▲ 2.1%€213.98M▲ 0.5%
Operating result€446k-€-610k€2.19M€1.77M▼ 19.5%€-2.60M
Net result€117k-€84.19M▲ 72,159%€5.49M▼ 93.5%€4.48M▼ 18.3%€2.38M▼ 46.9%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2.60M after €1.77M in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €231.90M
Fixed assets
€43.07M ▲ 80.0%
Current assets
€188.83M ▼ 0.7%
Equity and liabilities €231.90M
Equity
€213.98M ▲ 0.5%
Provisions
€226k ▼ 10.2%
Debt
€17.70M ▲ 1,876%
Debt's share of the balance-sheet total rises from 0.4% to 7.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-2.32M▼
2024 · €2.05M
Cash flow
€2.66M▼
2024 · €4.76M
Current ratio
10.71
Debt to equity
0.08▲
2024 · 0.00
ROE
1.1%▼
2024 · 2.1%
ROA
1.0%▼
2024 · 2.1%
Interest coverage
-5.04▼
2024 · 8.24
Debt ≤ 1 year
€17.64M▲
2024 · €824k
Debt > 1 year
€35k▼
2024 · €65k
Income taxes
€-68k▼
2024 · €998k
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 · 2025 against 2024 · 95 lines
Balance sheet
Code20242025
Assets
Total assets20/58€214.12M€231.90M▲
Fixed assets21/28€23.93M€43.07M▲
Tangible fixed assets22/27€4.12M€3.90M▼
Land and buildings22€4.11M€3.90M▼
Assets under construction and advance payments27€14k-
Financial fixed assets28€19.81M€39.17M▲
Affiliated companies280/1€7.71M€37.75M▲
Participating interests280€7.71M€37.75M▲
Companies linked by participating interests282/3€11.86M€1.34M▼
Participating interests282€11.86M€1.34M▼
Other financial fixed assets284/8€241k€88k▼
Shares284€241k€88k▼
Current assets29/58€190.19M€188.83M▼
Amounts receivable after more than one year29€7.54M€14.27M▲
Trade receivables290€1.92M€1.95M▲
Other amounts receivable291€5.63M€12.31M▲
Stocks and contracts in progress3€3k-
Stocks30/36€3k-
Goods purchased for resale34€3k-
Amounts receivable within one year40/41€57.75M€43.78M▼
Trade receivables40€10k€8k▼
Other amounts receivable41€57.74M€43.77M▼
Current investments50/53€123.87M€125.10M▲
Own shares50€34.50M€34.50M=
Other investments51/53€89.37M€90.60M▲
Cash at bank and in hand54/58€274k€4.74M▲
Deferred charges and accrued income490/1€743k€935k▲
Equity and liabilities
Total equity and liabilities10/49€214.12M€231.90M▲
Equity10/15€212.97M€213.98M▲
Contributions10/11€18.20M€18.20M=
Capital10€18.20M€18.20M=
Issued capital100€18.20M€18.20M=
Reserves13€42.50M€42.45M▼
Non-distributable reserves130/1€36.32M€36.32M=
Legal reserve130€1.82M€1.82M=
Own shares acquired1312€34.50M€34.50M=
Tax-exempt reserves132€1.36M€1.31M▼
Distributable reserves133€4.82M€4.82M=
Profit (loss) carried forward14€152.27M€153.32M▲
Provisions and deferred taxes16€251k€226k▼
Deferred taxes168€251k€226k▼
Amounts payable17/49€895k€17.70M▲
Amounts payable after more than one year17€65k€35k▼
Financial debts170/4€63k€33k▼
Credit institutions173€63k€33k▼
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€824k€17.64M▲
Current portion of amounts payable after more than one year42€38k€30k▼
Financial debts43-€13.00M
Credit institutions430/8-€13.00M
Trade debts44€50k€434k▲
Suppliers440/4€50k€434k▲
Advances received on contracts in progress46€16k€7k▼
Taxes, remuneration and social security45€377k€32k▼
Taxes450/3€377k€10k▼
Remuneration and social security454/9-€22k
Other amounts payable47/48€344k€4.13M▲
Accrued charges and deferred income492/3€6k€27k▲
Income statement
Code20242025
Operating income70/76A€2.89M€1.85M▼
Turnover70€2.23M€1.25M▼
Other operating income74€664k€598k▼
Operating charges60/66A€1.13M€4.46M▲
Goods for resale, raw materials and consumables60€1k€3k▲
Change in stocks: decrease (increase)609€1k€3k▲
Services and other goods61€773k€1.76M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€281k€284k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k€2.34M▲
Other operating charges640/8€63k€68k▲
Non-recurring operating charges66A€3k-
Operating profit (loss)9901€1.77M€-2.60M▼
Financial income75/76B€5.93M€8.74M▲
Recurring financial income75€5.93M€8.30M▲
Income from current assets751€3.73M€4.15M▲
Other financial income752/9€2.20M€4.16M▲
Non-recurring financial income76B-€437k
Financial charges65/66B€2.20M€3.85M▲
Recurring financial charges65€824k€1.61M▲
Debt charges650€248k€461k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€331k€623k▲
Other financial charges652/9€244k€523k▲
Non-recurring financial charges66B€1.38M€2.24M▲
Profit (loss) for the period before taxes9903€5.49M€2.29M▼
Transfer from deferred taxes780€11k€26k▲
Transfer to deferred taxes680€21k-
Income taxes67/77€998k€-68k▼
Taxes670/3€998k€15k▼
Tax adjustments and reversals of tax provisions77-€83k
Profit (loss) for the period9904€4.48M€2.38M▼
Transfer from tax-exempt reserves789€60k€49k▼
Transfer to tax-exempt reserves689€484k-
Profit (loss) for the period to be appropriated9905€4.06M€2.43M▼
Appropriation of the result
Profit (loss) to be appropriated9906€152.27M€154.70M▲
Profit (loss) brought forward from the previous period14P€148.21M€152.27M▲
Profit to be distributed694/7-€1.38M
Return on contributions (dividend)694-€1.38M
The notes to these accounts (58 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €84.19M ▲72,159%
Net result €84.19M, the highest in the series.
31-12
Financial
Liquidity times 125current ratio 196.41
Current ratio from 1.57 to 196.41; short-term debt falls from €15.32M to €914k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €117k ▼94.5%
Net result drops to €117k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100MEq €135.89M ▲97.4%
2 profitable years in a row build equity to €135.89M.
05-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 66 days late
27-07
State Gazette act
Director reappointment · Permanent representative
Board meeting · Registered-office move
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 47 days late
Show earlier events
01-07
State Gazette act
General meeting · Auditor appointment
Permanent representative · Auditor discharge
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
23-05
State Gazette act
General meeting · Director appointment
Permanent representative · Board meeting
2018
04-10
State Gazette act
General meeting · Director appointment
Permanent representative · Representation
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
15-12
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
04-12
State Gazette act
General meeting · Director reappointment
Director appointment · Board meeting
04-12
State Gazette act
General meeting · Director reappointment
Board meeting
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
01-07
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
18-02
State Gazette act
General meeting · Director reappointment
Permanent representative · Mandate compensation
2014
10-12
State Gazette act
General meeting · Director reappointment
Director appointment · Board meeting
09-12
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2012
16-05
State Gazette act
General meeting · Capital
Approval · Director reappointment
2011
08-12
State Gazette act
General meeting · Capital
Approval · Director reappointment
28-11
State Gazette act
General meeting · Capital
Approval · Director reappointment
2010
02-08
State Gazette act
General meeting · Capital increase
Capital decrease · Capital
2009
30-07
State Gazette act
General meeting · Capital
Approval · Auditor appointment
2008
11-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2006
14-04
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
14-04
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 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, Herve · 1 establishment unit since 1982
Ground area
1.5 ha
Building footprint
9,078 m²
Volume, LiDAR
63,018 m³
2 parcels, Wallonia · tallest building 15.7 m, ±2 floors. Linked by address, not a title deed.
37
companies at this address
See who is registered here
1 establishment unit
Rue Alfred Drèze 14, 4860 Pepinster
since 19822.021.056.366
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63014A0644/00C000 | Wallonia | 1.4 ha | 1 · 8,952 m² | 15.7 m · 2 fl. |
| 63058A0266/00L002 | Wallonia | 1,113 m² | 1 · 126 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared director
→
Ownership & control
8 board mandatesBoard mandates of this companythis company sits on their board8
33 locations
3 locations
1 location
1 location
1 location
1 location
Show 2 more
1 location
Recognitions · licences · registrations
Legal Entity Identifier
967600VD9ZRMSJE9XJ45
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,984. 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 formPublic limited company
Founded22-06-1982
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
46491Wholesale trade
47621Retail sale of newspapers and periodicals
Sources
Crossroads Bank for EnterprisesNational Bank · 44 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.