SOFAPA
Open bankruptcyA bankruptcy procedure is open for SOFAPA according to publications in the Belgian State Gazette; curator: MéLANIE VALLES RUIS.
Summary
The 2022 annual accounts show negative equity (€-37k) and a net result of €-48k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€-37k
2021 · €11k
2019: €-1k
2020: €11k▲ +1143% vs 2019
2021: €11k▲ +6.6% vs 2020highest in 4 years
2022: €-37k▼ -425% vs 2021lowest in 4 years
2019 → 2022
Total assets
€34k▼ 47.6%
2021 · €65k
2019: €43k
2020: €62k▲ +41.7% vs 2019
2021: €65k▲ +5.6% vs 2020highest in 4 years
2022: €34k▼ -47.6% vs 2021lowest in 4 years
2019 → 2022
Net result
€-48k
2021 · €699
2019: €-7k
2020: €12k▲ +260% vs 2019highest in 4 years
2021: €699▼ -94.0% vs 2020
2022: €-48k▼ -6950% vs 2021lowest in 4 years
2019 → 2022
Working capital
€-50k▼ 2,611%
2021 · €-2k
2019: €-6k
2020: €-4k▲ +42.1% vs 2019
2021: €-2k▲ +48.6% vs 2020highest in 4 years
2022: €-50k▼ -2611% vs 2021lowest in 4 years
2019 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€-1k-€11k€11k▲ 6.6%€-37k
2019: €-1k
2020: €11k▲ +1143% vs 2019
2021: €11k▲ +6.6% vs 2020highest in 4 years
2022: €-37k▼ -425% vs 2021lowest in 4 years
Operating result€-7k-€14k€3k▼ 75.3%€-40k
2019: €-7k
2020: €14k▲ +299% vs 2019highest in 4 years
2021: €3k▼ -75.3% vs 2020
2022: €-40k▼ -1280% vs 2021lowest in 4 years
Net result€-7k-€12k€699▼ 94.0%€-48k
2019: €-7k
2020: €12k▲ +260% vs 2019highest in 4 years
2021: €699▼ -94.0% vs 2020
2022: €-48k▼ -6950% vs 2021lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €40k after €3k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €34k
Fixed assets
€13k ▲ 0.1%
Current assets
€21k ▼ 59.6%
Key figures and ratios
EBITDA
€-36k▼
2021 · €7k
Cash flow
€-44k▼
2021 · €4k
Solvency
-107.3%▼
2021 · 17.3%
Current ratio
0.30▼
2021 · 0.97
Quick ratio
0.28▼
2021 · 0.80
Debt to equity
-1.93▼
2021 · 4.78
ROA
-140.3%▼
2021 · 1.1%
Interest coverage
-4.50▼
2021 · 2.82
Debt
€71k▲
2021 · €54k
Debt ≤ 1 year
€71k▲
2021 · €54k
Income taxes
€43▼
2021 · €219
Staff costs
€28k▲
2021 · €19k
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 · 2022 against 2021 · 40 lines
Balance sheet
Code20212022
Assets
Total assets20/58€65k€34k▼
Fixed assets21/28€13k€13k▲
Tangible fixed assets22/27€13k€9k▼
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24€4k€3k▼
Financial fixed assets28€95€4k▲
Current assets29/58€52k€21k▼
Stocks and contracts in progress3€9k€1k▼
Stocks30/36€9k€1k▼
Amounts receivable within one year40/41€11k€3k▼
Trade receivables40€6k€3k▼
Other amounts receivable41€5k€2▼
Cash at bank and in hand54/58€27k€16k▼
Deferred charges and accrued income490/1€5k€625▼
Equity and liabilities
Total equity and liabilities10/49€65k€34k▼
Equity10/15€11k€-37k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€5k€-43k▼
Amounts payable17/49€54k€71k▲
Amounts payable within one year42/48€54k€71k▲
Trade debts44€51k€65k▲
Suppliers440/4€51k€65k▲
Taxes, remuneration and social security45€3k€6k▲
Taxes450/3€1k-
Remuneration and social security454/9€2k€6k▲
Income statement
Code20212022
Remuneration, social security and pensions62€19k€28k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€114€347▲
Gross operating margin9900€27k€-8k▼
Operating profit (loss)9901€3k€-40k▼
Financial income75/76B€1€168▲
Recurring financial income75€1€168▲
Financial charges65/66B€2k€8k▲
Recurring financial charges65€2k€8k▲
Profit (loss) for the period before taxes9903€918€-48k▼
Income taxes67/77€219€43▼
Profit (loss) for the period9904€699€-48k▼
Profit (loss) for the period to be appropriated9905€699€-48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-43k▼
Profit (loss) brought forward from the previous period14P€4k€5k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €19k | €28k | ▲ 42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €4k | €4k | ▲ 4.9% |
| Other operating charges640/8 | - | - | €114 | €347 | ▲ 204% |
| Gross operating margin9900 | €21k | €41k | €27k | €-8k | ▼ 131% |
| Operating profit (loss)9901 | €-7k | €14k | €3k | €-40k | ▼ 1,280% |
| Financial income75/76B | - | - | €1 | €168 | ▲ 29,374% |
| Recurring financial income75 | €462 | €18 | €1 | €168 | ▲ 29,374% |
| Financial charges65/66B | - | - | €2k | €8k | ▲ 226% |
| Recurring financial charges65 | €798 | €1k | €2k | €8k | ▲ 226% |
| Profit (loss) for the period before taxes9903 | €-7k | €12k | €918 | €-48k | ▼ 5,312% |
| Income taxes67/77 | - | €687 | €219 | €43 | ▼ 80.3% |
| Profit (loss) for the period9904 | €-7k | €12k | €699 | €-48k | ▼ 6,950% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €12k | €699 | €-48k | ▼ 6,950% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €43k | €62k | €65k | €34k | ▼ 47.6% |
| Fixed assets21/28 | €7k | €16k | €13k | €13k | ▲ 0.1% |
| Tangible fixed assets22/27 | €7k | €16k | €13k | €9k | ▼ 28.8% |
| Plant, machinery and equipment23 | - | - | €9k | €6k | ▼ 28.6% |
| Furniture and vehicles24 | - | - | €4k | €3k | ▼ 29.1% |
| Financial fixed assets28 | €95 | €95 | €95 | €4k | ▲ 3,947% |
| Current assets29/58 | €37k | €46k | €52k | €21k | ▼ 59.6% |
| Stocks and contracts in progress3 | €3k | - | €9k | €1k | ▼ 85.2% |
| Stocks30/36 | - | - | €9k | €1k | ▼ 85.2% |
| Amounts receivable within one year40/41 | €7k | €7k | €11k | €3k | ▼ 69.7% |
| Trade receivables40 | - | - | €6k | €3k | ▼ 46.9% |
| Other amounts receivable41 | - | - | €5k | €2 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €24k | €38k | €27k | €16k | ▼ 41.2% |
| Deferred charges and accrued income490/1 | - | - | €5k | €625 | ▼ 88.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €43k | €62k | €65k | €34k | ▼ 47.6% |
| Equity10/15 | €-1k | €11k | €11k | €-37k | ▼ 425% |
| Contributions10/11 | €6k | - | €6k | €6k | = |
| Profit (loss) carried forward14 | €-7k | €4k | €5k | €-43k | ▼ 948% |
| Amounts payable17/49 | €44k | €51k | €54k | €71k | ▲ 31.5% |
| Amounts payable within one year42/48 | €43k | €49k | €54k | €71k | ▲ 31.5% |
| Trade debts44 | €35k | €42k | €51k | €65k | ▲ 28.6% |
| Suppliers440/4 | - | - | €51k | €65k | ▲ 28.6% |
| Taxes, remuneration and social security45 | - | - | €3k | €6k | ▲ 78.4% |
| Taxes450/3 | - | - | €1k | - | - |
| Remuneration and social security454/9 | - | - | €2k | €6k | ▲ 189% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €12k | €699 | €-48k | ▼ 6,950% |
| + Depreciation and write-downs630 | €1k | €2k | €4k | €4k | ▲ 4.9% |
| Operating cash flow (approximation) | €-6k | €13k | €4k | €-44k | ▼ 1,135% |
| Investment in fixed assets (approximation) | - | €-11k | €-745 | €-4k | ▼ 403% |
| Change in cash | - | €14k | €-11k | €-11k | ▲ 3.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-05
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 12-05-2025
2023
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 116 days late
2022
31-12
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2019
Ground area
392 m²
Building footprint
291 m²
Volume, LiDAR
3,084 m³
2 parcels, Brussels · tallest building 16.5 m, ±4 floors. Linked by address, not a title deed.
188
companies at this address
See who is registered here
1 establishment unit
MEG1310
since 20192.285.829.249
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0267/00D037 | Brussels | 201 m² | 1 · 201 m² | 16.5 m · 4 fl. |
| 21673D0055/00R006 | Brussels | 191 m² | 1 · 90 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MéLANIE VALLES RUIS DREVE DES RENARDS 8,
1180 UCCLE |
12-05-2025 → present |
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Of 2,404 companies in sector 47241 we hold annual accounts for 1,101. 714 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47241Retail sale of bread and pastry (bakery outlets)
Scores and ratios are computed by Checked and are not a credit decision.