SOVAGA
ActiveSummary
SOVAGA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22.52M and a net result of €604k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 91% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▲+30
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.8M at 30 days acceptable
Liquidity ample (current ratio 10.23 against 9.71 in 2024; short-term debt: 6.2% and cash: 1.8% of total assets), and 8.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
91.4%
Return on assets
2.5%
Age of the figures
10 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 04-06-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
15 d early
2023
24 d early
2022
8 d early
2021
30 d early
2020
29 d early
2019
32 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 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-11-2026 close30-06-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€22.52M▲ 2.8%
2024 · €21.92M
2018: €43.47M
2019: €45.11M
2020: €45.54M
2021: €45.97M
2022: €46.58M
2024: €21.92M
2018 → 2025
Total assets
€24.63M▼ 2.8%
2024 · €25.33M
2018: €49.69M
2019: €49.79M
2020: €50.15M
2021: €50.11M
2022: €49.83M
2024: €25.33M
2018 → 2025
Net result
€604k
2024 · €-429k
2018: €226k
2019: €1.64M
2020: €432k
2021: €427k
2022: €616k
2024: €-429k
2018 → 2025
Working capital
€14.00M▼ 1.4%
2024 · €14.21M
2018: €8.87M
2019: €9.67M
2020: €8.89M
2021: €9.27M
2022: €9.30M
2024: €14.21M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€45.54M-€45.97M▲ 0.9%€46.58M▲ 1.3%€21.92M▼ 52.9%€22.52M▲ 2.8%
Operating result€97k-€112k▲ 15.5%€227k▲ 102%€-34k€74k
Net result€432k-€427k▼ 1.0%€616k▲ 44.1%€-429k€604k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €74k after a loss of €34k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24.63M
Fixed assets
€9.11M ▼ 4.0%
Current assets
€15.52M ▼ 2.0%
Equity and liabilities €24.63M
Equity
€22.52M ▲ 2.8%
Debt
€2.11M ▼ 38.2%
Debt's share of the balance-sheet total falls from 13.5% to 8.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€353k▲
2024 · €265k
Cash flow
€883k▲
2024 · €-130k
Current ratio
10.23▲
2024 · 9.71
Quick ratio
9.38▲
2024 · 8.55
Debt to equity
0.09▼
2024 · 0.16
ROE
2.7%▲
2024 · -2.0%
ROA
2.5%▲
2024 · -1.7%
Interest coverage
5.08▲
2024 · 2.03
Debt ≤ 1 year
€1.52M▼
2024 · €1.63M
Debt > 1 year
€526k▼
2024 · €1.71M
Income taxes
€203k▲
2024 · €158k
Staff costs
€0▲
2024 · €-96
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€25.33M€24.63M▼
Fixed assets21/28€9.49M€9.11M▼
Intangible fixed assets21€2k€0▼
Tangible fixed assets22/27€9.30M€9.10M▼
Land and buildings22€9.30M€9.10M▼
Financial fixed assets28€193k€5k▼
Current assets29/58€15.84M€15.52M▼
Amounts receivable after more than one year29€10.40M€10.89M▲
Other amounts receivable291€10.40M€10.89M▲
Stocks and contracts in progress3€1.89M€1.29M▼
Stocks30/36€1.89M€1.29M▼
Amounts receivable within one year40/41€197k€164k▼
Trade receivables40€43k€13k▼
Other amounts receivable41€154k€151k▼
Current investments50/53€2.80M€2.01M▼
Cash at bank and in hand54/58€68k€452k▲
Deferred charges and accrued income490/1€483k€712k▲
Equity and liabilities
Total equity and liabilities10/49€25.33M€24.63M▼
Equity10/15€21.92M€22.52M▲
Contributions10/11€18.89M€18.89M=
Reserves13€3.03M€3.63M▲
Tax-exempt reserves132€9k€9k=
Distributable reserves133€3.02M€3.62M▲
Amounts payable17/49€3.41M€2.11M▼
Amounts payable after more than one year17€1.71M€526k▼
Other amounts payable178/9€1.71M€526k▼
Amounts payable within one year42/48€1.63M€1.52M▼
Trade debts44€18k€9k▼
Suppliers440/4€18k€9k▼
Advances received on contracts in progress46€160k€236k▲
Taxes, remuneration and social security45€249k€67k▼
Taxes450/3€249k€67k▼
Other amounts payable47/48€1.20M€1.20M=
Accrued charges and deferred income492/3€70k€64k▼
Income statement
Code20242025
Non-recurring operating income76A€153k€8k▼
Remuneration, social security and pensions62€-96€0▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€299k€279k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€36k€34k▼
Non-recurring operating charges66A€170k€0▼
Gross operating margin9900€472k€387k▼
Operating profit (loss)9901€-34k€74k▲
Financial income75/76B€755k€802k▲
Recurring financial income75€755k€802k▲
Non-recurring financial income76B€0€73▲
Financial charges65/66B€992k€70k▼
Recurring financial charges65€131k€70k▼
Non-recurring financial charges66B€862k€0▼
Profit (loss) for the period before taxes9903€-272k€807k▲
Income taxes67/77€158k€203k▲
Profit (loss) for the period9904€-429k€604k▲
Profit (loss) for the period to be appropriated9905€-429k€604k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-429k€604k▲
Transfer from equity791/2€429k€0▼
Transfer to equity691/2€0€604k▲
To other reserves6921€0€604k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-11
Financial
Back to profitnet €604k
Net result €604k after one loss-making year.
15-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-11
Financial
Weakest financial yearnet €-429k ▼170%
Net result drops to €-429k, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-11
Financial
Highest result since 2018net €1.64M ▲627%
Net result €1.64M, the highest in the series.
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Zonnebeke · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Paardebosstraat 38980 ZonnebekeGround area
2,642 m²
Building footprint
232 m²
Volume, LiDAR
1,145 m³
Parcel 33019A0539/00E000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SOVAGA BV
since 19952.070.423.230
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33019A0539/00E000 | Flanders | 2,642 m² | 1 · 232 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
6488882K9VPW32ZN1Y67
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Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 659 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-1994
Fiscal year end30-11
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationGeneral meeting
1. Jaarverslag. 2. Goedkeuring jaarrekening per 31/12/2008. 3. Bestem- ming resultaat. 4. Kwijting bestuurders. 5. Diversen. (AOPC-1-9-04388/14.05)