ACTIVE

SOREX

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Financial year 2025 · closed on 31/12/2025

Net result

-162,4 k €

+86.6% YoY

Gross margin

61,5 k €

+105.6% YoY

Equity

2,3 M €

-6.7% YoY

What does SOREX do?

SOREX is a Public limited company incorporated in 1934. Its main activity is: Manufacture of other fabricated metal products n.e.c.. Its registered office is in Ottignies-Louvain-la-Neuve.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0401.377.090

Incorporation

08/12/1934

Legal form

Public limited company

Registered office

Rue de la Citronnelle 25
1348 Ottignies-Louvain-la-Neuve · WallonieSee on map

Contributed capital

150 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

25999Manufacture of other fabricated metal products n.e.c.· main 25999Manufacture of other fabricated metal products n.e.c.28755Manufacture of machinery and equipment n.e.c.

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	61,5 k €	+106%	-1,1 M €	-293%	570,7 k €	-52.8%	1,2 M €	+27.6%	947,2 k €		–		–		1,4 M €	+13.7%	1,2 M €	+36.9%	907,1 k €	-17.1%	1,1 M €	-14.0%	1,3 M €	+36.0%	935,4 k €	+16.3%	804,4 k €	-9.0%	884,2 k €	-11.2%	996 k €	+22.7%	811,4 k €	-41.1%	1,4 M €	+32.6%	1 M €	+19.8%	868,1 k €
EBITDA	30,7 k €	+102%	-1,3 M €	-467%	-222,3 k €	-154%	411,9 k €	+62.9%	253 k €	+78.3%	141,9 k €	-27.3%	195,1 k €	-68.6%	620,7 k €	+193%	212,1 k €	+80.9%	117,2 k €	-60.6%	297,9 k €	+5.0%	283,7 k €	+64.8%	172,2 k €	+29.8%	132,6 k €	-62.4%	353,1 k €	+7.7%	327,8 k €	+50.5%	217,7 k €	-72.6%	794,5 k €	+24.2%	639,6 k €	+37.2%	466,2 k €
Operating result	-142,2 k €	+90.2%	-1,5 M €	-364%	-314 k €	-222%	258,3 k €	+13765%	1,9 k €	+102%	-89,4 k €	-27.5%	-70,1 k €	-141%	170,9 k €	+597%	-34,4 k €	+81.6%	-187,1 k €	-289%	-48,1 k €	+24.0%	-63,4 k €	+69.0%	-204,4 k €	-68.8%	-121,1 k €	-149%	245,4 k €	+7.5%	228,3 k €	+25.5%	182 k €	-72.6%	663,7 k €	+20.2%	552 k €	+57.2%	351,1 k €
Net result	-162,4 k €	+86.6%	-1,2 M €	-216%	-382,1 k €	-326%	168,7 k €	+1353%	-13,5 k €	+84.7%	-87,7 k €	-33.0%	-66 k €	-150%	133,1 k €	+281%	-73,5 k €	+51.5%	-151,5 k €	+11.4%	-170,9 k €	-216%	-54,1 k €	-107%	821 k €	-30.7%	1,2 M €	+661%	155,8 k €	+80.7%	86,2 k €	+311%	21 k €	-94.3%	368,8 k €	+19.4%	308,8 k €	+65.1%	187,1 k €
Balance sheet
Equity	2,3 M €	-6.7%	2,4 M €	-33.8%	3,7 M €	-9.6%	4,1 M €	+4.2%	3,9 M €	-0.5%	3,9 M €	-2.4%	4 M €	-2.4%	4,1 M €	+2.0%	4 M €	-3.0%	4,1 M €	-3.7%	4,3 M €	-4.0%	4,5 M €	-0.9%	4,5 M €	+25.8%	3,6 M €	+49.0%	2,4 M €	+6.9%	2,3 M €	+4.0%	2,2 M €	+1.0%	2,2 M €	+20.7%	1,8 M €	+20.9%	1,5 M €
Total assets	2,5 M €	-7.8%	2,7 M €	-68.1%	8,4 M €	-12.6%	9,6 M €	+23.9%	7,8 M €	-0.7%	7,8 M €	-17.2%	9,4 M €	-16.3%	11,3 M €	+21.6%	9,3 M €	+8.3%	8,6 M €	-9.0%	9,4 M €	-11.7%	10,7 M €	+1.8%	10,5 M €	+42.9%	7,3 M €	+35.8%	5,4 M €	-12.5%	6,2 M €	-16.6%	7,4 M €	+2.5%	7,2 M €	+49.2%	4,8 M €	+40.0%	3,5 M €
Cash	644 k €	-7.9%	699,5 k €	-27.2%	960,9 k €	-50.0%	1,9 M €	+4.1%	1,8 M €	+161%	708,4 k €	+98.4%	357 k €	-40.0%	595,5 k €	-27.9%	826,4 k €	+35.6%	609,4 k €	+7.1%	568,7 k €	+20.1%	473,4 k €	-34.0%	716,8 k €	+205%	235,4 k €	+83.1%	128,6 k €	-75.3%	520 k €	+124%	232,3 k €	-31.3%	338,3 k €	+252%	96,1 k €	+1646%	5,5 k €
Debts	214,6 k €	-18.3%	262,7 k €	-94.1%	4,5 M €	-12.7%	5,1 M €	+51.9%	3,4 M €	+0.3%	3,3 M €	-29.7%	4,8 M €	-25.9%	6,4 M €	+42.4%	4,5 M €	+25.4%	3,6 M €	-13.9%	4,2 M €	-16.4%	5 M €	+5.6%	4,7 M €	+65.9%	2,9 M €	+7.3%	2,7 M €	-23.3%	3,5 M €	-26.3%	4,7 M €	+1.9%	4,6 M €	+75.3%	2,6 M €	+61.9%	1,6 M €
Other
Workforce	–		5,0 ETP	-55.0%	11,1 ETP	+1.8%	10,9 ETP	-0.9%	11,0 ETP	-5.2%	11,6 ETP	-21.6%	14,8 ETP	+2.8%	14,4 ETP	0.0%	14,4 ETP	-5.3%	15,2 ETP	-11.6%	17,2 ETP	-16.5%	20,6 ETP	+13.2%	18,2 ETP	+19.0%	15,3 ETP	+1.3%	15,1 ETP	-2.6%	15,5 ETP	+30.3%	11,9 ETP	+11.2%	10,7 ETP	+5.9%	10,1 ETP	+2.0%	9,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 26 ended

Active mandates

Patricia MALEVEZ

Director · since 10 mai 2022 · until 10 mai 2028

Active

AdM MANAGEMENT

Director · since 18 mai 2021 · until 11 mai 2027 · 0632.964.590

Represented by Amaury DE MEESTER

Active

Ended mandates

AdM MANAGEMENT

Director · since 18 mai 2021 · until 11 juin 2027 · 0632.964.590

Represented by Amaury DE MEESTER

Ended

Isabelle Comtesse d'URSEL

Director · since 18 mai 2021 · until 11 mai 2027

Ended

Isabelle D'URSEL

Director · since 18 mai 2021 · until 07 octobre 2023

Ended

BERLUC

Director · since 09 mai 2017 · until 18 mai 2021 · 0417.557.185

Represented by Isabelle Comtesse d'URSEL

Ended

At this address

Other companies at this address

Company	CBE no.
BERLUC● Active	0417.557.185

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/08/2026	29/08/2025	08/07/2024	03/07/2023	18/05/2022	16/06/2021
General meeting	30/06/2026	25/06/2025	25/06/2024	23/05/2023	10/05/2022	18/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	21/08/2026	French	PDF
Abridged model	31/12/2024	25/06/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	25/06/2024	08/07/2024	French	PDF
Abridged model	31/12/2022	23/05/2023	03/07/2023	French	PDF
Abridged model	31/12/2021	10/05/2022	18/05/2022	French	PDF
Full model	31/12/2020	18/05/2021	16/06/2021	French	PDF
Full model	31/12/2019	11/06/2020	23/07/2020	French	PDF
Abridged model	31/12/2018	14/05/2019	13/06/2019	French	PDF
Abridged model	31/12/2017	08/05/2018	04/06/2018	French	PDF
Abridged model	31/12/2016	09/05/2017	02/06/2017	French	PDF
Abridged model	31/12/2015	10/05/2016	12/05/2016	French	PDF
Abridged model	31/12/2014	12/05/2015	02/07/2015	French	PDF
Abridged model	31/12/2013	13/05/2014	14/05/2014	French	PDF
Abridged model	31/12/2012	29/05/2013	03/06/2013	French	PDF
Abridged model	31/12/2011	08/05/2012	07/06/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	11/05/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	19/05/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	18/05/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	14/05/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	14/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 26 ended

Active mandates

Patricia MALEVEZ

Director · since 10 mai 2022 · until 10 mai 2028

Active

AdM MANAGEMENT

Director · since 18 mai 2021 · until 11 mai 2027 · 0632.964.590

Represented by Amaury DE MEESTER

Active

Ended mandates

AdM MANAGEMENT

Director · since 18 mai 2021 · until 11 juin 2027 · 0632.964.590

Represented by Amaury DE MEESTER

Ended

Isabelle Comtesse d'URSEL

Director · since 18 mai 2021 · until 11 mai 2027

Ended

Isabelle D'URSEL

Director · since 18 mai 2021 · until 07 octobre 2023

Ended

BERLUC

Director · since 09 mai 2017 · until 18 mai 2021 · 0417.557.185

Represented by Isabelle Comtesse d'URSEL

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring25/06/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Registered office30/05/2024
SIEGE SOCIAL
PDF
Mandates17/05/2024
DENOMINATION
PDF
Mandates12/08/2022
DEMISSIONS, NOMINATIONS
PDF
Capital / shares22/11/2021
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates01/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates14/02/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates09/06/2017
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-162,4 k €↑
2024
Annual accounts 2024-1,2 M €↓
2023
Annual accounts 2023-382,1 k €↓
2023
Name changeSOREX
2022
Annual accounts 2022168,7 k €↑
2021
Annual accounts 2021-13,5 k €↑
2021
Name changeCableries Namuroises
2020
Annual accounts 2020-87,7 k €↓
2019
Annual accounts 2019-66 k €↓
2018
Annual accounts 2018133,1 k €↑
2017
Annual accounts 2017-73,5 k €↑
2016
Annual accounts 2016-151,5 k €↑
2015
Annual accounts 2015-170,9 k €↓
2014
Annual accounts 2014-54,1 k €↓
2013
Annual accounts 2013821 k €↓
2012
Annual accounts 20121,2 M €↑
2011
Annual accounts 2011155,8 k €↑
2010
Annual accounts 201086,2 k €↑
2009
Annual accounts 200921 k €↓
2008
Annual accounts 2008368,8 k €↑
2007
Annual accounts 2007308,8 k €↑
2006
Annual accounts 2006187,1 k €
08/12/1934
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SOREX

Overview

What does SOREX do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline