Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SOTEL from Waterloo, company number BE0420039395, closed financial year 2025 with a result of € -90,169 after tax. For that financial year SOTEL recorded a gross margin of € 44,183 and equity of € -935,546. Compared with financial year 2024, the result moved from € -93,142 to € -90,169. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ -935,546
▼ € 90,169 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -90,169
▲ 3 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,077
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.2 million.
Debts at end 2025
€ 203,334
▼ 16% vs 2024
€ 36,667 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 10,950
▲ 135% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 16,930 | € 44,906 | € 45,343 | € 44,183 | ▼ 3% |
| Profit after taxes | € -125,437 | € -86,544 | € -93,142 | € -90,169 | ▲ € 2,973 |
| Equity | € -665,691 | € -752,235 | € -845,377 | € -935,546 | ▼ € 90,169 |
| Total debts | € 2,791,782 | € 2,759,668 | € 2,747,690 | € 2,736,060 | |
| Cash | € 1,643 | € 1,842 | € 2,830 | € 1,077 | ▼ 62% |
| Land & buildings | € 1,764,948 | € 1,647,016 | € 1,536,965 | € 1,432,805 | ▼ 7% |
| Retained profit | € -913,585 | € -1,000,129 | € -1,093,271 | € -1,183,440 | ▼ € 90,169 |
| Bank debt | € 320,000 | € 283,333 | € 243,333 | € 203,334 | ▼ 16% |
| Balance sheet total | € 2,200,980 | € 2,078,381 | € 1,969,319 | € 1,863,579 | ▼ 5% |
| Employees (FTE) | 1 | 0 | - | - |
Key figures of SOTEL, 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 SOTEL?
What happened at SOTEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Françoise FAILON stepped down as director. NBB
- Thierry BLANCHART stepped down as director. NBB
- BJP stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 90,169. filed late Source: NBB ↗
- Françoise FAILON became a director. NBB
- Thierry BLANCHART became a director. NBB
- BJP became a director. NBB
- New establishment in Waterloo. KBO
In short
From € 125,437 loss in 2022 to € 90,169 loss in 2025.
On average € 16,900 of value added per employee in 2022.
Management
The stake of B.J.P. Catering comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SOTELThe shares are held by B.J.P. Catering (99.9%). It owns 10% of BJP CATERING SA itself.
Directors
According to the 2025 annual accounts
Françoise FAILON
Director
Also active at: Twenty Seven, CLARENHOF, 28, SAINT LOUP, THE CHURCH COMPANY, BJP, BLUE PEARLS, BRASSERIES G. +2 more
since 2022 · until 2028
Thierry BLANCHART
Director
Also active at: Twenty Seven, DYNALI, B.J.P. Catering, CLARENHOF, SAINT LOUP, BJP, AB REAL ESTATE, K-NAL +1 more
since 2022 · until 2028
since 2022 · until 2028
Shareholders
99.9%
Participations
10%
Establishments
Establishment units
Physical locations of this company
Drève de la Meute 31
1410 Waterloo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →CLARENHOF same network
€ 84,348 gross margin · 2025
BRONIMMO
€ 5,051 gross margin · 2025
SAINT LOUP same network
€ -931 gross margin · 2025
CHEZ EDDY
€ 1.4 million gross margin · 2025
YESPIRITS Company
€ 129,482 gross margin · 2025
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0420.039.395
- VAT number
- BE 0420.039.395
- Registered office
- Drève de la Meute 31, 1410 Waterloo
- Names & denominations
- SOTEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 1979
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
Beoefening van uitvoerende kunsten door zelfstandig werkende artiesten
Verhuur en lease van andere huishoudelijke of persoonlijke artikelen, neg
Verhuur en lease van andere consumentenartikelen, n.e.g.