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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
SOCORAD from Knokke-Heist, company number BE0425949170, closed financial year 2025 with a result of € -20,586 after tax. For that financial year SOCORAD recorded a gross margin of € 4,491 and equity of € 182,469. Compared with financial year 2024, the result moved from € -24,624 to € -20,586. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 182,469
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20,586
▲ 16 % less loss than in 2024
Profit after tax over the fiscal year.
€ 105,511
▼ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -23,221.
People and assets in 2025
€ 24,029
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,987
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,440
▼ 46% 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 | |
|---|---|---|---|---|---|
| Gross margin | € 31,759 | € 28,090 | € 101 | € 4,491 | ▲ € 4,389 |
| Profit after taxes | € 19,022 | € 5,749 | € -24,624 | € -20,586 | ▲ € 4,039 |
| Equity | € 221,930 | € 227,680 | € 203,055 | € 182,469 | ▼ 10% |
| Total debts | € 10,603 | € 12,519 | € 17,816 | € 13,462 | ▼ 24% |
| Cash | € 96,679 | € 120,667 | € 119,134 | € 105,511 | ▼ 11% |
| Land & buildings | € 74,757 | € 69,276 | € 64,553 | € 60,203 | ▼ 7% |
| Retained profit | € 16,240 | € 21,989 | € -2,635 | € -23,221 | ▼ € 20,586 |
| Balance sheet total | € 232,533 | € 240,199 | € 220,871 | € 195,931 | ▼ 11% |
Key figures of SOCORAD, 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 SOCORAD?
What happened at SOCORAD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Martine Geerinckx stepped down as director. NBB
- Philippe De Clercq stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 20,586. Source: NBB ↗
- Martine Geerinckx became a director. NBB
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,022 profit in 2022 to € 20,586 loss in 2025.
Paid € 1,765 in corporate taxes since 2022.
Best year ever: 2022, with € 19,022 profit.
Management
Directors
According to the 2025 annual accounts
Martine Geerinckx
Director
since 2007 · until 2028
Philippe De Clercq
Managing director
Also active at: Flanders Southeast Asian Investment Group, BELFIM
· until 2028
Establishments
Establishment units
Physical locations of this company
Graaf Jansdijk 388
8300 Knokke-Heist
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0425.949.170
- VAT number
- BE 0425.949.170
- Registered office
- Graaf Jansdijk 388, 8300 Knokke-Heist
- Names & denominations
- SOCORAD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 1983
- Peppol
- Active · Active since 13 Oct 2025
- Activities · NACE
Activiteiten van holdings
Holdings