Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of SONAAR is 2.5% (moderate). The 2024 annual accounts show negative equity (€-18k) and a net result of €-97k. Its solvency ranks better than 8% of 7336 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.5%
Moderate
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Young company
+Higher-failure-rate region
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsYoung company
Founded in 2023, under 3 years, statistically higher risk.
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 administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-97k
Working capital€281k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 20-06-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -5.0% | 65.0% | |
| Net result | €-97k | €32k | |
| Equity | €-18k | €58k | |
| Gross operating margin | €-37k | €52k | |
| Staff costs | €28k | €17k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-68k |
| Net profit | €-97k |
| Cash flow | €-87k |
| Staff costs | €28k |
| Income taxes | - |
| Dividends | - |
| Total assets | €365k |
| Equity | €-18k |
| Debt | €359k |
| of which ≤ 1y | €5k |
| of which > 1y | €300k |
| Working capital | €281k |
| Employees (FTE) | 0.3 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 61.99 |
| Quick ratio | 61.99 |
| Working capital ratio | 76.8% |
| Solvency | -5.0% |
| Debt / equity | -19.77 |
| Long-term debt ratio | -16.53 |
| Interest coverage | -3.17 |
| Gross margin | - |
| Net margin | - |
| ROA | -26.5% |
| ROE | 532.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €365k |
| Fixed assets | 21/28 | €80k |
| Intangible fixed assets | 21 | €73k |
| Tangible fixed assets | 22/27 | €3k |
| Financial fixed assets | 28 | €5k |
| Current assets | 29/58 | €285k |
| Amounts receivable within one year | 40/41 | €107k |
| Cash & bank | 54/58 | €176k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €365k |
| Equity | 10/15 | €-18k |
| Contributions / capital | 10/11 | €5k |
| Accumulated profits (losses) | 14 | €-97k |
| Provisions & deferred taxes | 16 | €24k |
| Amounts payable | 17/49 | €359k |
| Amounts payable after one year | 17 | €300k |
| Amounts payable within one year | 42/48 | €5k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €-37k |
| Operating result | 9901 | €-77k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €21k |
| Result before taxes | 9903 | €-97k |
| Net result for the period | 9904 | €-97k |
| Result to be appropriated | 9905 | €-97k |
Ratios computed by Checked.
Health barometer
FY 2024 · computed40
/ 100
Weak
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
SPARAXISLegal entityDirector· perm. rep.: COLSON Léopold Giovanni Joseph MipamState Gazette act 26334961 (05-06-2026)Current05-06-2026 → present
-
Current24-12-2025 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Ontwerpen van computerprogramma’s(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 01-12-2023 |
| Status | Active |
| Postal code | 1050 |
Structure & network
Locations & real estate
Establishment units
3 locationsSONAAR
since 20232.353.638.385
Esplanade Simone VEIL 1, 4000 Liège
since 20252.385.102.712
Frankrijklei 5, 2000 Antwerpen
since 20252.385.103.207
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels3
Ground area1.5 ha
Buildings2
Building footprint6,542 m²
Volume (LiDAR)193,262 m³
Tallest building93.2 m · ±8 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(33.3%)
Wallonia
1
(33.3%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62814C0006/00G002 | Wallonia | 6,004 m² | - | - |
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 fl. |
| 11808H1294/00A000 ProtectedMonument · Townscape or village viewSite Vlaamse Opera, schermenmagazijn en hotel WagnerSource ↗ |
Flanders | 2,975 m² | 1 · 2,664 m² | 93.2 m · 7 fl. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
3 acts Capital history · 1
24-12-2025
v3.2
All acts · 3
updated 2 months ago
2026
05-06-2026 COLSON Léopold Giovanni Joseph Mipam appointed as director
2025
24-12-2025 Capital increase of €99,999 to €100,000
2023
05-12-2023 Publication in the Belgian Official Gazette, Minor change
Summary:
constitutionNotary:
Tanguy le Maire · Bruxelles
Analysis
Snowflake analysis
financial profile on 5 axes68
/ 100
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
40
Profitability
100
Solvency
67
Growth
-
Stability
67
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Credit advice
verdict per customer and amountSimilar
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Same sector, nearest firstCompany registry
Company registry (CBE)
Crossroads BankActivities
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Primary activity highlighted.
Names & trade names
| Legal nameFR | SONAAR |
Registered office
Louizalaan 231
1050 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.