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.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
SONAFAG from Waterloo, company number BE0478787446, closed financial year 2025 with a result of € -43,466 after tax. For that financial year SONAFAG recorded revenue of € 36,325 and equity of € 1.3 million. Compared with financial year 2024, the result moved from € -99,806 to € -43,466. 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 June 2, 2026.
€ 1.3 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -43,466
▲ 56 % less loss than in 2024
Profit after tax over the fiscal year.
€ 287,177
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 970,994.
People and assets in 2025
€ 2,650
▲ 11% 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.
€ 1,231
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 494,725 | € 57,696 | € 30,652 | € 36,325 | ▲ 19% |
| Gross margin | € 343,335 | € 1,249,894 | € -65,892 | € -8,775 | ▲ € 57,117 |
| Profit after taxes | € 173,174 | € 441,190 | € -99,806 | € -43,466 | ▲ € 56,340 |
| Equity | € 1,083,177 | € 1,494,367 | € 1,315,560 | € 1,272,094 | ▼ 3% |
| Total debts | € 721,276 | € 58,377 | € 83,347 | € 19,847 | ▼ 76% |
| Cash | € 69,646 | € 481,359 | € 335,660 | € 287,177 | ▼ 14% |
| Land & buildings | € 1,674,576 | € 1,054,715 | € 1,025,672 | € 996,628 | ▼ 3% |
| Retained profit | € 810,577 | € 1,193,267 | € 1,014,460 | € 970,994 | ▼ 4% |
| Dividend | € 30,000 | € 30,000 | € 79,000 | € 0 | ▼ 100% |
| Bank debt | € 626,650 | € 1,981 | € 0 | € 0 | |
| Balance sheet total | € 1,804,453 | € 1,552,744 | € 1,398,907 | € 1,291,941 | ▼ 8% |
Key figures of SONAFAG, 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 SONAFAG?
What happened at SONAFAG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 43,466. Source: NBB ↗
- Karine BOULENGER became a director. NBB
- Olivier FAGNART became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 173,174 profit in 2022 to € 43,466 loss in 2025.
Paid € 259,675 in corporate taxes since 2022.
Best year ever: 2023, with € 441,190 profit.
Paid out € 139,000 in dividends to the owners in total.
Management
Behind SONAFAG are Olivier FAGNART and Karine BOULENGER.
Directors
According to the 2025 annual accounts
Olivier FAGNART
Administrator-manager
since 2014
Karine BOULENGER
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Avenue Vénus 34
1410 Waterloo
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.787.446
- VAT number
- BE 0478.787.446
- Registered office
- Avenue Vénus 34, 1410 Waterloo
- Names & denominations
- SONAFAG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 November 2002
- Peppol
- Not registered