Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SOM DEVELOPMENT from Genk, company number BE0416047747, closed financial year 2025 with a result of € 37,664 after tax. For that financial year SOM DEVELOPMENT recorded a gross margin of € -16,375 and equity of € 814,499. Compared with financial year 2024, the result moved from € -11,970 to € 37,664. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 814,499
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 37,664
▲ still € 11,970 loss in 2024
Profit after tax over the fiscal year.
€ 52
▲ 205% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 702,699.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.2 million
Supplier invoices still open on the last day of the fiscal year.
€ 266,078
▼ 42% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,898,281 | € 1,121,328 | - | - | |
| Gross margin | € 109,056 | € -14,072 | € -16,290 | € -16,375 | ▼ € 86 |
| Profit after taxes | € 25,512 | € -87,980 | € -11,970 | € 37,664 | ▲ € 49,634 |
| Equity | € 876,784 | € 788,805 | € 776,835 | € 814,499 | ▲ 5% |
| Total debts | € 3,520,666 | € 2,616,531 | € 1,817,323 | € 2,272,559 | ▲ 25% |
| Cash | € 31,803 | € 4,639 | € 17 | € 52 | ▲ 205% |
| Retained profit | € 764,984 | € 677,005 | € 665,035 | € 702,699 | ▲ 6% |
| Bank debt | € 2,934 | € 22,000 | € 0 | € 0 | |
| Balance sheet total | € 4,397,451 | € 3,405,336 | € 2,594,158 | € 3,087,058 | ▲ 19% |
Key figures of SOM DEVELOPMENT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SOM DEVELOPMENT?
What happened at SOM DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 37,664. Source: NBB ↗
- SOM BUILDING PROJECTS bv became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Bilzen-Hoeselt. KBO
In short
From € 25,512 profit in 2022 to € 37,664 profit in 2025.
Paid € 9,229 in corporate taxes since 2022.
Best year ever: 2025, with € 37,664 profit.
Management
Behind SOM DEVELOPMENT is SOM BUILDING PROJECTS bv. The shares are held by Som Building Projects nv (50%) and Trobeja nv (50%).
Directors
According to the 2025 annual accounts
Director · represented by Danny SOMERS
since 2023
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bochtlaan 4 box 2
3600 Genk
Oude Statiestraat 20
3730 Bilzen-Hoeselt
Active since 1 January 1976
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Domain
Domain
coconn.be
Registered
2024-04-26
Website info
Features
Details
- Company number
- 0416.047.747
- VAT number
- BE 0416.047.747
- Registered office
- Bochtlaan 4 bus 2, 3600 Genk
- Names & denominations
- SOM DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 March 1976
- Peppol
- Active · Active since 9 Sept 2025
- Contact
- coconn.be
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten