Sonalex
ActiveSummary
Sonalex has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.38M and a net result of €166k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 47% of 143 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+17
Solvency73▲+4
Growth46=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days acceptable
Liquidity short (current ratio 0.15 against 0.2 in 2024; short-term debt: 37.4% and cash: 0.2% of total assets), and 51.6% 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
48.4%
Return on assets
2.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← 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 31-08-2026, 31 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
31 d late
2024
25 d late
2023
30 d late
2022
32 d late
2021
31 d late
2020
27 d late
2019
31 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.42M▼ 2.8%
2018 · €1.46M
2018: €1.46M
2019: €1.42M▼ -2.8% vs 2018
2018 → 2019
EBIT margin
-10.2%▼ 2.3pp
2018 · -7.9%
2018: -7.9%
2019: -10.2%▼ -29.7% vs 2018
2018 → 2019
Net result
€166k
2024 · €-118k
2018: €-172k
2019: €-210k▼ -22.0% vs 2018lowest in 8 years
2020: €70k▲ +134% vs 2019
2021: €141k▲ +101% vs 2020
2022: €-64k▼ -145% vs 2021
2023: €-93k▼ -44.7% vs 2022
2024: €-118k▼ -28.0% vs 2023
2025: €166k▲ +240% vs 2024highest in 8 years
2018 → 2025
Working capital
€-2.22M▲ 3.4%
2024 · €-2.30M
2018: €-205khighest in 8 years
2019: €-890k▼ -333% vs 2018
2020: €-1.01M▼ -13.1% vs 2019
2021: €-974k▲ +3.2% vs 2020
2022: €-1.09M▼ -11.8% vs 2021
2023: €-1.71M▼ -57.4% vs 2022
2024: €-2.30M▼ -34.1% vs 2023lowest in 8 years
2025: €-2.22M▲ +3.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.48M-€3.42M▼ 1.8%€3.33M▼ 2.7%€3.21M▼ 3.6%€3.38M▲ 5.2%
2021: €3.48Mhighest in 5 years
2022: €3.42M▼ -1.8% vs 2021
2023: €3.33M▼ -2.7% vs 2022
2024: €3.21M▼ -3.6% vs 2023lowest in 5 years
2025: €3.38M▲ +5.2% vs 2024
Operating result€184k-€-24k€-45k▼ 91.7%€-52k▼ 14.6%€205k
2021: €184k
2022: €-24k▼ -113% vs 2021
2023: €-45k▼ -91.7% vs 2022
2024: €-52k▼ -14.6% vs 2023lowest in 5 years
2025: €205k▲ +494% vs 2024highest in 5 years
Net result€141k-€-64k€-93k▼ 44.7%€-118k▼ 28.0%€166k
2021: €141k
2022: €-64k▼ -145% vs 2021
2023: €-93k▼ -44.7% vs 2022
2024: €-118k▼ -28.0% vs 2023lowest in 5 years
2025: €166k▲ +240% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €205k after a loss of €52k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.97M
Fixed assets
€6.59M ▼ 2.7%
Current assets
€390k ▼ 32.4%
Equity and liabilities €6.97M
Equity
€3.38M ▲ 5.2%
Debt
€3.60M ▼ 12.9%
Debt's share of the balance-sheet total falls from 56.3% to 51.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€583k▲
2024 · €307k
Cash flow
€544k▲
2024 · €241k
Current ratio
0.15▼
2024 · 0.20
Quick ratio
0.14▼
2024 · 0.19
Debt to equity
1.07▼
2024 · 1.29
ROE
4.9%▲
2024 · -3.7%
ROA
2.4%▲
2024 · -1.6%
Interest coverage
14.67▲
2024 · 4.62
Debt ≤ 1 year
€2.61M▼
2024 · €2.87M
Debt > 1 year
€991k▼
2024 · €1.26M
Staff costs
€183k▼
2024 · €200k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.34M€6.97M▼
Fixed assets21/28€6.77M€6.59M▼
Tangible fixed assets22/27€3.32M€3.14M▼
Land and buildings22€2.20M€2.24M▲
Plant, machinery and equipment23€1.10M€872k▼
Furniture and vehicles24€30k€28k▼
Financial fixed assets28€3.44M€3.44M=
Current assets29/58€576k€390k▼
Stocks and contracts in progress3€29k€12k▼
Stocks30/36€29k€12k▼
Amounts receivable within one year40/41€305k€353k▲
Trade receivables40€305k€353k▲
Cash at bank and in hand54/58€234k€15k▼
Deferred charges and accrued income490/1€9k€9k=
Equity and liabilities
Total equity and liabilities10/49€7.34M€6.97M▼
Equity10/15€3.21M€3.38M▲
Contributions10/11€1.71M€1.71M=
Capital10€1.71M€1.71M=
Issued capital100€1.71M€1.71M=
Reserves13€1.50M€1.67M▲
Non-distributable reserves130/1€177k€177k=
Legal reserve130€177k€177k=
Tax-exempt reserves132€1.30M€1.30M=
Distributable reserves133€26k€192k▲
Amounts payable17/49€4.13M€3.60M▼
Amounts payable after more than one year17€1.26M€991k▼
Financial debts170/4€1.26M€991k▼
Amounts payable within one year42/48€2.87M€2.61M▼
Current portion of amounts payable after more than one year42€268k€268k▲
Financial debts43€375k€375k=
Credit institutions430/8€375k€375k=
Trade debts44€272k€228k▼
Suppliers440/4€272k€228k▼
Taxes, remuneration and social security45€110k€38k▼
Taxes450/3€92k€21k▼
Remuneration and social security454/9€18k€17k▼
Other amounts payable47/48€1.85M€1.70M▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€200k€183k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€360k€378k▲
Other operating charges640/8€76k€78k▲
Gross operating margin9900€584k€844k▲
Operating profit (loss)9901€-52k€205k▲
Financial income75/76B€309€651▲
Recurring financial income75€309€651▲
Financial charges65/66B€67k€40k▼
Recurring financial charges65€67k€40k▼
Profit (loss) for the period before taxes9903€-118k€166k▲
Profit (loss) for the period9904€-118k€166k▲
Profit (loss) for the period to be appropriated9905€-118k€166k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-118k€166k▲
Transfer from equity791/2€118k€0▼
Transfer to equity691/2-€166k
To other reserves6921-€166k
Social balance
Average headcount (FTE)90876.06.0=
The notes to these accounts (17 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €676k | €388k | €190k | €200k | €183k | ▼ 8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €352k | €257k | €286k | €360k | €378k | ▲ 5.1% |
| Other operating charges640/8 | €66k | €66k | €84k | €76k | €78k | ▲ 2.2% |
| Gross operating margin9900 | €1.28M | €686k | €514k | €584k | €844k | ▲ 44.6% |
| Operating profit (loss)9901 | €184k | €-24k | €-45k | €-52k | €205k | ▲ 494% |
| Financial income75/76B | €2k | €934 | €777 | €309 | €651 | ▲ 111% |
| Recurring financial income75 | €2k | €934 | €777 | €309 | €651 | ▲ 111% |
| Financial charges65/66B | €45k | €41k | €48k | €67k | €40k | ▼ 40.3% |
| Recurring financial charges65 | €45k | €41k | €48k | €67k | €40k | ▼ 40.3% |
| Profit (loss) for the period before taxes9903 | €141k | €-64k | €-93k | €-118k | €166k | ▲ 240% |
| Profit (loss) for the period9904 | €141k | €-64k | €-93k | €-118k | €166k | ▲ 240% |
| Profit (loss) for the period to be appropriated9905 | €141k | €-64k | €-93k | €-118k | €166k | ▲ 240% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.25M | €7.39M | €7.73M | €7.34M | €6.97M | ▼ 5.0% |
| Fixed assets21/28 | €6.34M | €6.17M | €6.57M | €6.77M | €6.59M | ▼ 2.7% |
| Tangible fixed assets22/27 | €3.02M | €2.85M | €3.25M | €3.32M | €3.14M | ▼ 5.4% |
| Land and buildings22 | €2.16M | €2.09M | €2.05M | €2.20M | €2.24M | ▲ 2.0% |
| Plant, machinery and equipment23 | €436k | €762k | €1.16M | €1.10M | €872k | ▼ 20.4% |
| Furniture and vehicles24 | €6k | €0 | €39k | €30k | €28k | ▼ 6.5% |
| Leasing and similar rights25 | €414k | €0 | - | - | - | - |
| Assets under construction and advance payments27 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €3.32M | €3.32M | €3.32M | €3.44M | €3.44M | = |
| Current assets29/58 | €917k | €1.22M | €1.16M | €576k | €390k | ▼ 32.4% |
| Stocks and contracts in progress3 | €23k | €27k | €8k | €29k | €12k | ▼ 56.8% |
| Stocks30/36 | €23k | €27k | €8k | €29k | €12k | ▼ 56.8% |
| Amounts receivable within one year40/41 | €837k | €1.13M | €1.09M | €305k | €353k | ▲ 15.8% |
| Trade receivables40 | €837k | €1.11M | €1.09M | €305k | €353k | ▲ 15.8% |
| Other amounts receivable41 | - | €22k | €0 | - | - | - |
| Cash at bank and in hand54/58 | €58k | €58k | €54k | €234k | €15k | ▼ 93.4% |
| Deferred charges and accrued income490/1 | - | - | - | €9k | €9k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.25M | €7.39M | €7.73M | €7.34M | €6.97M | ▼ 5.0% |
| Equity10/15 | €3.48M | €3.42M | €3.33M | €3.21M | €3.38M | ▲ 5.2% |
| Contributions10/11 | €1.71M | €1.71M | €1.71M | €1.71M | €1.71M | = |
| Capital10 | €1.71M | €1.71M | €1.71M | €1.71M | €1.71M | = |
| Issued capital100 | €1.71M | €1.71M | €1.71M | €1.71M | €1.71M | = |
| Reserves13 | €1.77M | €1.71M | €1.62M | €1.50M | €1.67M | ▲ 11.1% |
| Non-distributable reserves130/1 | €177k | €177k | €177k | €177k | €177k | = |
| Legal reserve130 | €177k | €177k | €177k | €177k | €177k | = |
| Tax-exempt reserves132 | €1.30M | €1.30M | €1.30M | €1.30M | €1.30M | = |
| Distributable reserves133 | €301k | €237k | €144k | €26k | €192k | ▲ 642% |
| Amounts payable17/49 | €3.77M | €3.97M | €4.40M | €4.13M | €3.60M | ▼ 12.9% |
| Amounts payable after more than one year17 | €1.88M | €1.66M | €1.53M | €1.26M | €991k | ▼ 21.3% |
| Financial debts170/4 | €1.88M | €1.66M | €1.53M | €1.26M | €991k | ▼ 21.3% |
| Amounts payable within one year42/48 | €1.89M | €2.31M | €2.87M | €2.87M | €2.61M | ▼ 9.2% |
| Current portion of amounts payable after more than one year42 | €315k | €229k | €267k | €268k | €268k | ▲ 0.2% |
| Financial debts43 | €575k | €575k | €575k | €375k | €375k | = |
| Credit institutions430/8 | €575k | €575k | €575k | €375k | €375k | = |
| Trade debts44 | €295k | €417k | €395k | €272k | €228k | ▼ 16.1% |
| Suppliers440/4 | €295k | €417k | €395k | €272k | €228k | ▼ 16.1% |
| Taxes, remuneration and social security45 | €155k | €35k | €18k | €110k | €38k | ▼ 65.5% |
| Taxes450/3 | €34k | €0 | €3k | €92k | €21k | ▼ 77.2% |
| Remuneration and social security454/9 | €121k | €35k | €15k | €18k | €17k | ▼ 4.6% |
| Other amounts payable47/48 | €550k | €1.05M | €1.62M | €1.85M | €1.70M | ▼ 8.1% |
| Accrued charges and deferred income492/3 | - | €8k | €4k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €141k | €-64k | €-93k | €-118k | €166k | ▲ 240% |
| + Depreciation and write-downs630 | €352k | €257k | €286k | €360k | €378k | ▲ 5.1% |
| Operating cash flow (approximation) | €494k | €193k | €193k | €241k | €544k | ▲ 126% |
| Investment in fixed assets (approximation) | - | €-93k | €-684k | €-554k | €-197k | ▲ 64.4% |
| Change in cash | - | €573 | €-4k | €180k | €-218k | ▼ 221% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Back to profitnet €166k
Net result €166k after 3 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Back to profitnet €70k
Net result €70k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-210k
Net result drops to €-210k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Waregem · 1 establishment unit since 1952
Ground area
3.8 ha
Building footprint
1.3 ha
Volume, LiDAR
104,438 m³
Parcel 34040C0124/00D002, Flanders · tallest building 13.3 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
NV SONALEX
since 19522.004.500.248
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0124/00D002 | Flanders | 3.8 ha | 1 · 1.3 ha | 13.2 m · 2 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.
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Of 105 companies in sector 16210 we hold annual accounts for 75. 43 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
13100Manufacture of textiles
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
13930Manufacture of textiles
Scores and ratios are computed by Checked and are not a credit decision.