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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Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
SOFA PRODUCTION from Genk, company number BE0447925709, closed financial year 2023 with a result of € -271,938 after tax. For that financial year SOFA PRODUCTION recorded a gross margin of € 522,988 and equity of € -132,425. Compared with financial year 2022, the result moved from € -414,593 to € -271,938. 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 April 23, 2024.
€ -132,425
▼ € 271,938 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -271,938
▲ 34 % less loss than in 2022
Profit after tax over the fiscal year.
€ 62,377
▲ 12% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -542,425.
People and assets in 2023
20
▼ 4 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 1 million
▲ 7% vs 2022
€ 50,900 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.
€ 15,999
▼ 33% vs 2022
Of which on lease € 6,851.
Debts at end 2023
€ 500,000
Loans from banks and other lenders, long and short.
€ 122,631
▼ 14% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 195,918
▼ 19% vs 2022
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € -160,822 | € 769,140 | € 522,988 | ▼ 32% |
| Profit after taxes | € -530,232 | € -414,593 | € -271,938 | ▲ € 142,655 |
| Equity | € 554,108 | € 139,513 | € -132,425 | ▼ € 271,938 |
| Total debts | € 1,437,284 | € 1,183,814 | € 1,103,384 | ▼ 7% |
| Cash | € 832,031 | € 55,475 | € 62,377 | ▲ 12% |
| Land & buildings | € 126,649 | € 137,900 | € 137,900 | |
| Retained profit | € 144,108 | € -270,487 | € -542,425 | ▼ € 271,938 |
| Dividend | € 2,760,000 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 500,000 | |
| Balance sheet total | € 1,991,392 | € 1,323,327 | € 970,959 | ▼ 27% |
| Employees (FTE) | - | 24 | 20 | ▼ 4 |
Key figures of SOFA PRODUCTION, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to SOFA PRODUCTION?
What happened at SOFA PRODUCTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
SOFA PRODUCTION is active according to the CBE. Legal situation: Opening faillissement.
- SOMA NV stepped down as director. NBB
- A & P NV stepped down as director. NBB
- Philippe Corthouts stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 271,938. Source: NBB ↗
- New establishment in Genk. KBO
- SOMA NV became a director. NBB
- A & P NV became a director. NBB
- Philippe Corthouts became a director. NBB
In short
From € 530,232 loss in 2021 to € 271,938 loss in 2023.
Paid € 271,858 in corporate taxes since 2021.
On average € 26,100 of value added per employee in 2023.
Paid out € 2.8 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of SOMA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SOFA PRODUCTIONThe shares are held by SOMA (100%).
Directors
According to the 2023 annual accounts
Director · represented by Adrien Corthouts
Also active at: CORRE, SLEEPING SOLUTIONS PRODUCTION, PASSE PARTOUT, SAREZE, GEACOR
since 2021 · until 2027
since 2021 · until 2027
Philippe Corthouts
Managing director
Also active at: BELFORM EUROPE, CORRE, Comu, SOMA, A & P, PASSE PARTOUT, SOFABED EUROPE, SITAC EUROPE +2 more
since 2021 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Melbergstraat 6
3600 Genk
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.
Details
- Company number
- 0447.925.709
- VAT number
- BE 0447.925.709
- Registered office
- Melbergstraat 6, 3600 Genk
- Names & denominations
- SOFA PRODUCTION
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 13 July 1992
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
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