SOFIPAG
ActiveSummary
The computed 12-month bankruptcy probability of SOFIPAG is 1.8% (moderate). The 2025 annual accounts show equity of €1.99M and a net result of €-8k. Equity is shrinking by ~12.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-5
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 69.43 against 58.2 in 2024; short-term debt: 1.4% and cash: 0.4% of total assets), and 1.4% 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+raises 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 · 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
98.6%
Return on assets
-0.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-12-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
23 d early
2023
on the day
2022
179 d early
2021
3 d early
2020
100 d early
2019
126 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-8k
2024 · €26k
2019: €144k
2020: €150k▲ +4.3% vs 2019
2021: €-6k▼ -104% vs 2020
2022: €467k▲ +7600% vs 2021highest in 7 years
2023: €-35k▼ -107% vs 2022lowest in 7 years
2024: €26k▲ +173% vs 2023
2025: €-8k▼ -132% vs 2024
2019 → 2025
Working capital
€1.98M▼ 0.2%
2024 · €1.99M
2019: €247klowest in 7 years
2020: €248k▲ +0.2% vs 2019
2021: €5.51M▲ +2123% vs 2020
2022: €5.68M▲ +3.2% vs 2021highest in 7 years
2023: €1.96M▼ -65.5% vs 2022
2024: €1.99M▲ +1.3% vs 2023
2025: €1.98M▼ -0.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5.53M-€5.70M▲ 3.0%€1.98M▼ 65.3%€2.00M▲ 1.3%€1.99M▼ 0.4%
2021: €5.53M
2022: €5.70M▲ +3.0% vs 2021highest in 5 years
2023: €1.98M▼ -65.3% vs 2022lowest in 5 years
2024: €2.00M▲ +1.3% vs 2023
2025: €1.99M▼ -0.4% vs 2024
Operating result€-12k-€-9k▲ 22.6%€-8k▲ 17.9%€-4k▲ 52.1%€-5k▼ 30.5%
2021: €-12klowest in 5 years
2022: €-9k▲ +22.6% vs 2021
2023: €-8k▲ +17.9% vs 2022
2024: €-4k▲ +52.1% vs 2023highest in 5 years
2025: €-5k▼ -30.5% vs 2024
Net result€-6k-€467k€-35k€26k€-8k
2021: €-6k
2022: €467k▲ +7600% vs 2021highest in 5 years
2023: €-35k▼ -107% vs 2022lowest in 5 years
2024: €26k▲ +173% vs 2023
2025: €-8k▼ -132% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €4k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.02M
Fixed assets
€10k ▼ 28.6%
Current assets
€2.01M ▼ 0.5%
Equity and liabilities €2.02M
Equity
€1.99M ▼ 0.4%
Debt
€29k ▼ 16.6%
Debt's share of the balance-sheet total falls from 1.7% to 1.4%. Equity and debt are lower.
Key figures and ratios
Current ratio
69.43▲
2024 · 58.20
Debt to equity
0.01▼
2024 · 0.02
ROE
-0.4%▼
2024 · 1.3%
ROA
-0.4%▼
2024 · 1.3%
Debt ≤ 1 year
€29k▼
2024 · €35k
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.04M€2.02M▼
Fixed assets21/28€13k€10k▼
Financial fixed assets28€13k€10k▼
Current assets29/58€2.02M€2.01M▼
Amounts receivable within one year40/41€227k€279k▲
Other amounts receivable41€227k€279k▲
Current investments50/53€1.77M€1.73M▼
Cash at bank and in hand54/58€12k€7k▼
Deferred charges and accrued income490/1€18k-
Equity and liabilities
Total equity and liabilities10/49€2.04M€2.02M▼
Equity10/15€2.00M€1.99M▼
Contributions10/11€1.93M€1.93M=
Reserves13€25k€25k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€48k€39k▼
Amounts payable17/49€35k€29k▼
Amounts payable within one year42/48€35k€29k▼
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€4k-
Taxes450/3€4k-
Other amounts payable47/48€27k€27k=
Income statement
Code20242025
Other operating charges640/8€960€968▲
Gross operating margin9900€-3k€-4k▼
Operating profit (loss)9901€-4k€-5k▼
Financial income75/76B€36k€7k▼
Recurring financial income75€36k€7k▼
Financial charges65/66B€3k€10k▲
Recurring financial charges65€3k€10k▲
Profit (loss) for the period before taxes9903€30k€-8k▼
Income taxes67/77€4k-
Profit (loss) for the period9904€26k€-8k▼
Profit (loss) for the period to be appropriated9905€26k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€48k€39k▼
Profit (loss) brought forward from the previous period14P€22k€48k▲
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €888 | €918 | €960 | €968 | ▲ 0.8% |
| Gross operating margin9900 | €-11k | €-9k | €-7k | €-3k | €-4k | ▼ 40.9% |
| Operating profit (loss)9901 | €-12k | €-9k | €-8k | €-4k | €-5k | ▼ 30.5% |
| Financial income75/76B | - | €986k | €14k | €36k | €7k | ▼ 81.9% |
| Recurring financial income75 | €140k | €986k | €14k | €36k | €7k | ▼ 81.9% |
| Financial charges65/66B | - | €374k | €41k | €3k | €10k | ▲ 224% |
| Recurring financial charges65 | €1.89M | €374k | €41k | €3k | €10k | ▲ 224% |
| Profit (loss) for the period before taxes9903 | €-6k | €603k | €-35k | €30k | €-8k | ▼ 128% |
| Income taxes67/77 | - | €136k | - | €4k | - | - |
| Profit (loss) for the period9904 | €-6k | €467k | €-35k | €26k | €-8k | ▼ 132% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €467k | €-35k | €26k | €-8k | ▼ 132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.62M | €5.90M | €2.00M | €2.04M | €2.02M | ▼ 0.7% |
| Fixed assets21/28 | €20k | €13k | €13k | €13k | €10k | ▼ 28.6% |
| Financial fixed assets28 | €20k | €13k | €13k | €13k | €10k | ▼ 28.6% |
| Current assets29/58 | €5.60M | €5.89M | €1.99M | €2.02M | €2.01M | ▼ 0.5% |
| Amounts receivable after more than one year29 | - | €21k | - | - | - | - |
| Trade receivables290 | - | €21k | - | - | - | - |
| Amounts receivable within one year40/41 | €530k | €513k | €494k | €227k | €279k | ▲ 23.3% |
| Other amounts receivable41 | - | €513k | €494k | €227k | €279k | ▲ 23.3% |
| Current investments50/53 | €2.69M | €2.93M | €1.45M | €1.77M | €1.73M | ▼ 2.3% |
| Cash at bank and in hand54/58 | €2.32M | €2.42M | €43k | €12k | €7k | ▼ 39.2% |
| Deferred charges and accrued income490/1 | - | €6k | €3k | €18k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.62M | €5.90M | €2.00M | €2.04M | €2.02M | ▼ 0.7% |
| Equity10/15 | €5.53M | €5.70M | €1.98M | €2.00M | €1.99M | ▼ 0.4% |
| Contributions10/11 | - | €5.47M | €1.93M | €1.93M | €1.93M | = |
| Reserves13 | €71k | €71k | €25k | €25k | €25k | = |
| Distributable reserves133 | - | €71k | €25k | €25k | €25k | = |
| Profit (loss) carried forward14 | €-6k | €161k | €22k | €48k | €39k | ▼ 17.3% |
| Amounts payable17/49 | €89k | €204k | €27k | €35k | €29k | ▼ 16.6% |
| Amounts payable within one year42/48 | €89k | €204k | €27k | €35k | €29k | ▼ 16.6% |
| Trade debts44 | €2k | - | €3 | €4k | €2k | ▼ 48.0% |
| Suppliers440/4 | - | - | €3 | €4k | €2k | ▼ 48.0% |
| Taxes, remuneration and social security45 | - | €15k | - | €4k | - | - |
| Taxes450/3 | - | €15k | - | €4k | - | - |
| Other amounts payable47/48 | - | €189k | €27k | €27k | €27k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €467k | €-35k | €26k | €-8k | ▼ 132% |
| Operating cash flow (approximation) | €-6k | €467k | €-35k | €26k | €-8k | ▼ 132% |
| Investment in fixed assets (approximation) | - | €7k | €0 | €0 | €4k | - |
| Change in cash | - | €93k | €-2.37M | €-32k | €-5k | ▲ 85.4% |
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
22-09
State Gazette act
General meeting · Registered-office move2 facts ▸
State Gazette act
General meeting · Registered-office move
2 facts ▸
- General meeting, 26-08-2026
- Registered-office move, Buro & Design Center, Esplanade 1 boîte 36, 1020 Bruxelles, Belgique
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
08-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
30-06
Financial
Equity above €2MEq €2.00M ▲1.3%
Equity rises from €1.98M to €2.00M.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity triplescurrent ratio 73.50
Current ratio from 28.83 to 73.50; short-term debt falls from €204k to €27k.
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Back to profitnet €467k
Net result €467k after one loss-making year.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity times 29current ratio 62.92
Current ratio from 2.20 to 62.92; short-term debt falls from €207k to €89k.
Show earlier events
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2011
Ground area
1.6 ha
Building footprint
3,651 m²
Volume, LiDAR
100,881 m³
2 parcels, Brussels · tallest building 35.9 m, ±10 floors. Linked by address, not a title deed.
210
companies at this address
See who is registered here
1 establishment unit
Adolphe Lacomblélaan 69-74, 1030 Schaarbeek
since 20112.320.359.269
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818A0033/00C003 | Brussels | 1.5 ha | 1 · 3,341 m² | 35.9 m · 10 fl. |
| 21905C0149/00B013 | Brussels | 1,194 m² | 1 · 310 m² | 23.6 m · 6 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.
Recognitions · licences · registrations
Legal Entity Identifier
9676002CRYPGT0L65A02
Identification & contact
Identification
Legal formPrivate limited company
Founded19-09-2011
Fiscal year end30-06
Scores and ratios are computed by Checked and are not a credit decision.