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 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SOTAY from Oupeye, company number BE0824301644, closed financial year 2025 with a result of € 27,539 after tax. For that financial year SOTAY recorded a gross margin of € 89,239 and equity of € 208,556. Compared with financial year 2024, the result moved from € 34,683 to € 27,539. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 208,556
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 27,539
▼ 21% vs 2024
Profit after tax over the fiscal year.
€ 7,107
▲ € 6,030 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 833 paid out
3 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 11,436
▼ 15% vs 2024
Of which on lease € 7,557.
Debts at end 2025
€ 307,561
▼ 12% vs 2024
€ 74,553 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 17,357
▼ 75% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 65,412
▲ 30% 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 | € 74,879 | € 52,887 | € 111,079 | € 89,239 | ▼ 20% |
| Profit after taxes | € 36,333 | € 3,002 | € 34,683 | € 27,539 | ▼ 21% |
| Equity | € 211,278 | € 182,580 | € 181,850 | € 208,556 | ▲ 15% |
| Total debts | € 393,496 | € 554,169 | € 556,157 | € 499,367 | ▼ 10% |
| Cash | € 36,504 | € 8,719 | € 1,076 | € 7,107 | ▲ € 6,030 |
| Retained profit | € 192,678 | € 163,980 | € 163,250 | € 189,956 | ▲ 16% |
| Dividend | € 0 | € 31,700 | € 35,413 | € 833 | ▼ 98% |
| Bank debt | € 308,404 | € 419,017 | € 347,968 | € 307,561 | ▼ 12% |
| Balance sheet total | € 604,773 | € 736,748 | € 738,007 | € 707,923 | ▼ 4% |
Key figures of SOTAY, 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 SOTAY?
What happened at SOTAY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 27,539 (▼ 21% vs 2024). Source: NBB ↗
- New establishment in Oupeye. KBO
- Start of the company according to the CBE. KBO
In short
From € 36,333 profit in 2022 to € 27,539 profit in 2025.
Paid € 45,657 in corporate taxes since 2022.
Best year ever: 2022, with € 36,333 profit.
Paid out € 67,946 in dividends to the owners in total.
Management
Behind SOTAY is Osman Varsak. It owns 48% of Sotay Tank, 34.2% of Water Equipment Component, 25.3% of Watertech and 25% of UWO Water Belgium itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Place Communale 7
4684 Oupeye
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0824.301.644
- VAT number
- BE 0824.301.644
- Registered office
- Place Communale 7, 4684 Oupeye
- Names & denominations
- SOTAY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 March 2010
- Peppol
- Active · Active since 20 Oct 2025
- Activities · NACE
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