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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Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SOCOWOOD from Lubbeek, company number BE0562730256, closed financial year 2025 with a result of € -44,903 after tax. For that financial year SOCOWOOD recorded a gross margin of € -24,347 and equity of € 211,540. Compared with financial year 2024, the result moved from € 111,620 to € -44,903. 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 January 30, 2026.
€ 211,540
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -44,903
▼ still € 111,620 profit in 2024
Profit after tax over the fiscal year.
€ 37,820
▼ 63% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 192,990.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 61,650
▼ 25% 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.
€ 295
▼ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,428
▼ 87% 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 | € 142,011 | € 122,813 | € 179,401 | € -24,347 | ▼ € 203,748 |
| Profit after taxes | € 97,590 | € 81,263 | € 111,620 | € -44,903 | ▼ € 156,523 |
| Equity | € 65,193 | € 145,656 | € 256,443 | € 211,540 | ▼ 18% |
| Total debts | € 292,741 | € 115,591 | € 139,995 | € 135,875 | ▼ 3% |
| Cash | € 316,595 | € 221,334 | € 102,961 | € 37,820 | ▼ 63% |
| Retained profit | € 46,643 | € 127,106 | € 237,893 | € 192,990 | ▼ 19% |
| Dividend | € 100,000 | € 800 | € 833 | € 0 | ▼ 100% |
| Balance sheet total | € 357,934 | € 261,247 | € 396,438 | € 347,415 | ▼ 12% |
Key figures of SOCOWOOD, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to SOCOWOOD?
What happened at SOCOWOOD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 44,903 (▼ € 156,523 vs 2024). Source: NBB ↗
- New establishment in Lubbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 97,590 profit in 2022 to € 44,903 loss in 2025.
Paid € 113,865 in corporate taxes since 2022.
Best year ever: 2024, with € 111,620 profit.
Paid out € 101,633 in dividends to the owners in total.
Management
Behind SOCOWOOD is Jan Somers.
Directors
According to the 2025 annual accounts
Jan Somers
Director
Establishments
Establishment units
Physical locations of this company
Helstraat(BIN) 23
3211 Lubbeek
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0562.730.256
- VAT number
- BE 0562.730.256
- Registered office
- Helstraat(BIN) 23, 3211 Lubbeek
- Names & denominations
- SOCOWOOD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 September 2014
- Peppol
- Active · Active since 28 Feb 2025
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