SOFICS
ActiveSummary
SOFICS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.99M and a net result of €44k. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 56% of 213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▼-48
Solvency82▲+22
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 3.22 against 3.02 in 2024; short-term debt: 21.6% and cash: 27.8% of total assets), and 43.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
56.6%
Return on assets
1.3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.99M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
73 d early
2023
42 d early
2022
77 d early
2021
41 d early
2020
52 d early
2019
46 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.99M▲ 2.3%
2024 · €1.95M
2018: €2.80M
2019: €3.52M▲ +25.9% vs 2018highest in 8 years
2020: €2.62M▼ -25.6% vs 2019
2021: €138k▼ -94.7% vs 2020lowest in 8 years
2022: €631k▲ +358% vs 2021
2023: €765k▲ +21.2% vs 2022
2024: €1.95M▲ +155% vs 2023
2025: €1.99M▲ +2.3% vs 2024
2018 → 2025
Total assets
€3.52M▼ 36.4%
2024 · €5.54M
2018: €4.29M
2019: €5.43M▲ +26.6% vs 2018
2020: €4.27M▼ -21.3% vs 2019
2021: €3.48M▼ -18.5% vs 2020lowest in 8 years
2022: €5.11M▲ +47.0% vs 2021
2023: €7.24M▲ +41.6% vs 2022highest in 8 years
2024: €5.54M▼ -23.5% vs 2023
2025: €3.52M▼ -36.4% vs 2024
2018 → 2025
Net result
€44k▼ 98.0%
2024 · €2.19M
2018: €552k
2019: €1.23M▲ +122% vs 2018
2020: €1.30M▲ +5.9% vs 2019
2021: €2.13M▲ +64.2% vs 2020
2022: €2.99M▲ +40.5% vs 2021highest in 8 years
2023: €2.63M▼ -12.0% vs 2022
2024: €2.19M▼ -17.0% vs 2023
2025: €44k▼ -98.0% vs 2024lowest in 8 years
2018 → 2025
Working capital
€1.69M▼ 47.6%
2024 · €3.22M
2018: €3.07M
2019: €4.15M▲ +35.2% vs 2018highest in 8 years
2020: €3.58M▼ -13.9% vs 2019
2021: €1.87M▼ -47.7% vs 2020
2022: €1.80M▼ -3.8% vs 2021
2023: €3.89M▲ +116% vs 2022
2024: €3.22M▼ -17.1% vs 2023
2025: €1.69M▼ -47.6% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€138k-€631k▲ 358%€765k▲ 21.2%€1.95M▲ 155%€1.99M▲ 2.3%
2021: €138klowest in 5 years
2022: €631k▲ +358% vs 2021
2023: €765k▲ +21.2% vs 2022
2024: €1.95M▲ +155% vs 2023
2025: €1.99M▲ +2.3% vs 2024highest in 5 years
Operating result€2.20M-€2.85M▲ 29.6%€2.53M▼ 11.2%€2.04M▼ 19.3%€27k▼ 98.7%
2021: €2.20M
2022: €2.85M▲ +29.6% vs 2021highest in 5 years
2023: €2.53M▼ -11.2% vs 2022
2024: €2.04M▼ -19.3% vs 2023
2025: €27k▼ -98.7% vs 2024lowest in 5 years
Net result€2.13M-€2.99M▲ 40.5%€2.63M▼ 12.0%€2.19M▼ 17.0%€44k▼ 98.0%
2021: €2.13M
2022: €2.99M▲ +40.5% vs 2021highest in 5 years
2023: €2.63M▼ -12.0% vs 2022
2024: €2.19M▼ -17.0% vs 2023
2025: €44k▼ -98.0% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 99% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.52M
Fixed assets
€1.07M ▲ 48.0%
Current assets
€2.45M ▼ 49.1%
Equity and liabilities €3.52M
Equity
€1.99M ▲ 2.3%
Debt
€1.53M ▼ 57.4%
Debt's share of the balance-sheet total falls from 64.8% to 43.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€249k▼
2024 · €2.16M
Cash flow
€266k▼
2024 · €2.30M
Current ratio
3.22▲
2024 · 3.02
Debt to equity
0.77▼
2024 · 1.84
ROE
2.2%▼
2024 · 112.1%
ROA
1.3%▼
2024 · 39.5%
Interest coverage
3.76▼
2024 · 34.53
Debt ≤ 1 year
€762k▼
2024 · €1.59M
Income taxes
€690▲
2024 · €416
Staff costs
€2.42M▲
2024 · €2.07M
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.54M€3.52M▼
Fixed assets21/28€725k€1.07M▲
Intangible fixed assets21€524k€629k▲
Tangible fixed assets22/27€201k€445k▲
Plant, machinery and equipment23€49k€172k▲
Furniture and vehicles24€150k€271k▲
Other tangible fixed assets26€2k€2k▼
Current assets29/58€4.81M€2.45M▼
Amounts receivable within one year40/41€690k€365k▼
Trade receivables40€620k€283k▼
Other amounts receivable41€70k€82k▲
Current investments50/53€1.48M€776k▼
Cash at bank and in hand54/58€2.32M€981k▼
Deferred charges and accrued income490/1€324k€330k▲
Equity and liabilities
Total equity and liabilities10/49€5.54M€3.52M▼
Equity10/15€1.95M€1.99M▲
Contributions10/11€80k€80k=
Reserves13€8k€8k=
Non-distributable reserves130/1€8k€8k=
Reserves not available under the articles1311€8k€8k=
Profit (loss) carried forward14€1.86M€1.91M▲
Amounts payable17/49€3.59M€1.53M▼
Amounts payable within one year42/48€1.59M€762k▼
Trade debts44€203k€298k▲
Suppliers440/4€203k€298k▲
Taxes, remuneration and social security45€389k€465k▲
Taxes450/3€24k€31k▲
Remuneration and social security454/9€365k€434k▲
Other amounts payable47/48€1.00M-
Accrued charges and deferred income492/3€2.00M€768k▼
Income statement
Code20242025
Remuneration, social security and pensions62€2.07M€2.42M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€113k€222k▲
Other operating charges640/8€9k€8k▼
Gross operating margin9900€4.24M€2.68M▼
Operating profit (loss)9901€2.04M€27k▼
Financial income75/76B€204k€84k▼
Recurring financial income75€204k€84k▼
Financial charges65/66B€62k€66k▲
Recurring financial charges65€62k€66k▲
Profit (loss) for the period before taxes9903€2.19M€45k▼
Income taxes67/77€416€690▲
Profit (loss) for the period9904€2.19M€44k▼
Profit (loss) for the period to be appropriated9905€2.19M€44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.86M€1.91M▼
Profit (loss) brought forward from the previous period14P€677k€1.86M▲
Profit to be distributed694/7€1.00M-
Return on contributions (dividend)694€1.00M-
Social balance
Average headcount (FTE)908722.922.7▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €954 | - | €11k | - | - | - |
| Remuneration, social security and pensions62 | €1.46M | €1.44M | €1.76M | €2.07M | €2.42M | ▲ 17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €146k | €141k | €115k | €113k | €222k | ▲ 95.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-7k | €-2k | - | - | - | - |
| Other operating charges640/8 | €4k | €3k | €2k | €9k | €8k | ▼ 2.3% |
| Gross operating margin9900 | €3.80M | €4.43M | €4.41M | €4.24M | €2.68M | ▼ 36.7% |
| Operating profit (loss)9901 | €2.20M | €2.85M | €2.53M | €2.04M | €27k | ▼ 98.7% |
| Financial income75/76B | €39k | €225k | €265k | €204k | €84k | ▼ 59.0% |
| Recurring financial income75 | €39k | €225k | €265k | €204k | €84k | ▼ 59.0% |
| Financial charges65/66B | €25k | €57k | €154k | €62k | €66k | ▲ 6.1% |
| Recurring financial charges65 | €25k | €57k | €154k | €62k | €66k | ▲ 6.1% |
| Profit (loss) for the period before taxes9903 | €2.22M | €3.02M | €2.64M | €2.19M | €45k | ▼ 97.9% |
| Income taxes67/77 | €86k | €29k | €11k | €416 | €690 | ▲ 65.8% |
| Profit (loss) for the period9904 | €2.13M | €2.99M | €2.63M | €2.19M | €44k | ▼ 98.0% |
| Profit (loss) for the period to be appropriated9905 | €2.13M | €2.99M | €2.63M | €2.19M | €44k | ▼ 98.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.48M | €5.11M | €7.24M | €5.54M | €3.52M | ▼ 36.4% |
| Fixed assets21/28 | €357k | €349k | €341k | €725k | €1.07M | ▲ 48.0% |
| Intangible fixed assets21 | €114k | €116k | €97k | €524k | €629k | ▲ 20.0% |
| Tangible fixed assets22/27 | €243k | €234k | €245k | €201k | €445k | ▲ 121% |
| Plant, machinery and equipment23 | €50k | €37k | €67k | €49k | €172k | ▲ 252% |
| Furniture and vehicles24 | €192k | €197k | €175k | €150k | €271k | ▲ 81.1% |
| Other tangible fixed assets26 | €555 | - | €3k | €2k | €2k | ▼ 31.6% |
| Current assets29/58 | €3.12M | €4.77M | €6.90M | €4.81M | €2.45M | ▼ 49.1% |
| Amounts receivable within one year40/41 | €790k | €541k | €541k | €690k | €365k | ▼ 47.1% |
| Trade receivables40 | €749k | €321k | €366k | €620k | €283k | ▼ 54.4% |
| Other amounts receivable41 | €42k | €220k | €176k | €70k | €82k | ▲ 17.5% |
| Current investments50/53 | - | - | €2.81M | €1.48M | €776k | ▼ 47.6% |
| Cash at bank and in hand54/58 | €2.19M | €3.97M | €3.12M | €2.32M | €981k | ▼ 57.7% |
| Deferred charges and accrued income490/1 | €142k | €256k | €425k | €324k | €330k | ▲ 1.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.48M | €5.11M | €7.24M | €5.54M | €3.52M | ▼ 36.4% |
| Equity10/15 | €138k | €631k | €765k | €1.95M | €1.99M | ▲ 2.3% |
| Contributions10/11 | €80k | €80k | €80k | €80k | €80k | = |
| Reserves13 | €8k | €8k | €8k | €8k | €8k | = |
| Non-distributable reserves130/1 | €8k | €8k | €8k | €8k | €8k | = |
| Reserves not available under the articles1311 | €8k | €8k | €8k | €8k | €8k | = |
| Profit (loss) carried forward14 | €50k | €543k | €677k | €1.86M | €1.91M | ▲ 2.4% |
| Amounts payable17/49 | €3.34M | €4.48M | €6.48M | €3.59M | €1.53M | ▼ 57.4% |
| Amounts payable within one year42/48 | €1.25M | €2.97M | €3.01M | €1.59M | €762k | ▼ 52.1% |
| Trade debts44 | €79k | €230k | €219k | €203k | €298k | ▲ 46.8% |
| Suppliers440/4 | €79k | €230k | €219k | €203k | €298k | ▲ 46.8% |
| Taxes, remuneration and social security45 | €221k | €236k | €296k | €389k | €465k | ▲ 19.5% |
| Taxes450/3 | €19k | €18k | €21k | €24k | €31k | ▲ 29.8% |
| Remuneration and social security454/9 | €201k | €218k | €275k | €365k | €434k | ▲ 18.8% |
| Other amounts payable47/48 | €950k | €2.50M | €2.50M | €1.00M | - | - |
| Accrued charges and deferred income492/3 | €2.09M | €1.52M | €3.46M | €2.00M | €768k | ▼ 61.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.13M | €2.99M | €2.63M | €2.19M | €44k | ▼ 98.0% |
| + Depreciation and write-downs630 | €146k | €141k | €115k | €113k | €222k | ▲ 95.8% |
| Operating cash flow (approximation) | €2.28M | €3.13M | €2.75M | €2.30M | €266k | ▼ 88.4% |
| Investment in fixed assets (approximation) | - | €-134k | €-107k | €-497k | €-570k | ▼ 14.7% |
| Change in cash | - | €1.78M | €-846k | €-803k | €-1.34M | ▼ 66.8% |
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
Next filing, fiscal year 2026, expected by
2026
17-09
State Gazette act
Board meeting · Director resignation
Permanent representative · Board composition
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €44k ▼98%
Net result drops to €44k, the lowest in the series.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.95M ▲155%
7 profitable years in a row build equity to €1.95M.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €2.99M ▲40.5%
Operating result €2.85M, net result €2.99M, both a record.
31-12
Financial
Equity above €500kEq €631k ▲358%
5 profitable years in a row build equity to €631k.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 13.74
Current ratio from 6.74 to 13.74; short-term debt falls from €724k to €281k.
Show earlier events
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Aalter · 1 establishment unit since 2004
Ground area
1,939 m²
Building footprint
448 m²
Volume, LiDAR
1,156 m³
Parcel 44001A0630/00N000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SOFICS
since 20042.144.317.632
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001A0630/00N000 | Flanders | 1,939 m² | 1 · 448 m² | 6.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 303,852 EUR awarded · 160,612 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 80,000 EUR |
| 2024 | 2 | 303,372 EUR | 80,132 EUR |
| 2022 | 1 | 480 EUR | 480 EUR |
Schemes
Ontwikkelingsproject
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
699400UOEOQ2YWVZWR95
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Of 1,177 companies in sector 72109 we hold annual accounts for 716. 392 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
Founded05-09-2000
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
72109Other research and development on natural sciences
Contact
Website
www.sofics.com
E-mail
ivercruysse@sofics.com
Phone
059/275915
Fax
059/275916
E-mail
finance@sofics.comAalter
Scores and ratios are computed by Checked and are not a credit decision.