Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 9.4 to 5.9.
Financials
Financial year 2025
SOVA ENGINEERING from Tielt, company number BE0442847263, closed financial year 2025 with a result of € -136,711 after tax. For that financial year SOVA ENGINEERING recorded revenue of € 1.2 million and equity of € 614,902. Compared with financial year 2024, the result moved from € 15,841 to € -136,711. 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 August 31, 2026.
€ 614,902
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -136,711
▼ still € 15,841 profit in 2024
Profit after tax over the fiscal year.
€ 45,721
▲ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 552,902.
People and assets in 2025
5.9
▼ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 401,945
▼ 29% vs 2024
€ 68,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 9,588
▼ 55% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 560,404
▲ 28% vs 2024
€ 178,332 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 22,741
▼ 93% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 14 days on average.
€ 39,564
▼ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,708,224 | € 1,612,031 | € 1,735,574 | € 1,231,911 | ▼ 29% |
| Profit after taxes | € 33,139 | € 15,242 | € 15,841 | € -136,711 | ▼ € 152,552 |
| Equity | € 720,530 | € 735,772 | € 751,613 | € 614,902 | ▼ 18% |
| Total debts | € 1,351,135 | € 1,167,485 | € 858,062 | € 725,007 | ▼ 16% |
| Cash | € 38,484 | € 20,472 | € 45,208 | € 45,721 | ▲ 1% |
| Retained profit | € 658,530 | € 673,772 | € 689,613 | € 552,902 | ▼ 20% |
| Bank debt | € 958,333 | € 698,332 | € 438,332 | € 560,404 | ▲ 28% |
| Balance sheet total | € 2,071,666 | € 1,903,257 | € 1,609,675 | € 1,339,909 | ▼ 17% |
| Employees (FTE) | 14.5 | 9.4 | 7.7 | 5.9 | ▼ 1.8 |
Key figures of SOVA ENGINEERING, 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 SOVA ENGINEERING?
What happened at SOVA ENGINEERING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 136,711 (▼ € 152,552 vs 2024). filed late Source: NBB ↗
- Ibjo BV became a director. NBB
- Najalu BV became a director. NBB
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 33,139 profit in 2022 to € 136,711 loss in 2025.
Paid € 36,936 in corporate taxes since 2022.
Best year ever: 2022, with € 33,139 profit.
Pays suppliers within 14 days on average.
Management
The stake of SOVA-CONSULT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SOVA ENGINEERINGBehind SOVA ENGINEERING are Najalu BV and Ibjo BV. The shares are held by SOVA-CONSULT (98.4%).
Directors
According to the 2025 annual accounts
since 2025
since 2025
Shareholders
98.4%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Szamotulystraat 18
8700 Tielt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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.
Details
- Company number
- 0442.847.263
- VAT number
- BE 0442.847.263
- Registered office
- Szamotulystraat 18, 8700 Tielt
- Names & denominations
- SOVA ENGINEERING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 1990
- Peppol
- Active · Active since 27 Nov 2025
- Activities · NACE
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