ACTIVE

SONAFAG

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Financial year 2025 · closed on 31/12/2025

Net result

-43,5 k €

+56.4% YoY

Revenue

36,3 k €

+18.5% YoY

Equity

1,3 M €

-3.3% YoY

What does SONAFAG do?

SONAFAG is a Private limited company incorporated in 2002. Its registered office is in Waterloo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.787.446

Incorporation

19/11/2002

Legal form

Private limited company

Registered office

Avenue Vénus 34
1410 Waterloo · WallonieSee on map

Contributed capital

301 100,00 €

Latest accounts

31/12/2025

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	36,3 k €	+18.5%	30,7 k €	-46.9%	57,7 k €	-88.3%	494,7 k €	+18.4%	418 k €	-3.8%	434,7 k €	-6.4%	464,6 k €	+13.2%	410,3 k €	+2.0%	402,4 k €		–		–		–		–		467,3 k €		–		–		–		–		268,4 k €
EBITDA	-21,8 k €	+68.9%	-70 k €	-111%	650,1 k €	+93.1%	336,7 k €	+14.9%	293,1 k €	+17.4%	249,7 k €	+41.8%	176,1 k €	-8.5%	192,3 k €	+18.2%	162,7 k €	+10.4%	147,4 k €	-30.6%	212,5 k €	+35.8%	156,4 k €	-6.5%	167,2 k €	-34.2%	254,3 k €	+163%	96,6 k €	+19.6%	80,8 k €	-19.2%	100 k €	+26.9%	78,8 k €	+78.6%	44,1 k €
Operating result	-53,4 k €	+47.4%	-101,6 k €	-116%	616,5 k €	+125%	273,9 k €	+18.4%	231,5 k €	+19.3%	194 k €	+56.4%	124 k €	-11.1%	139,6 k €	+24.1%	112,5 k €	-3.9%	117 k €	-31.7%	171,4 k €	+62.7%	105,4 k €	-17.0%	127 k €	-40.3%	212,7 k €	+208%	69 k €	+30.1%	53,1 k €	-26.2%	71,9 k €	+38.4%	51,9 k €	+173%	19 k €
Net result	-43,5 k €	+56.4%	-99,8 k €	-123%	441,2 k €	+155%	173,2 k €	+11.1%	155,8 k €	+13.9%	136,8 k €	+71.8%	79,7 k €	-5.8%	84,6 k €	+11.1%	76,1 k €	+9.5%	69,5 k €	-32.1%	102,3 k €	+72.4%	59,3 k €	-2.6%	60,9 k €	-53.5%	131,1 k €	+265%	35,9 k €	+38.2%	26 k €	-31.7%	38 k €	+65.4%	23 k €	+3217%	-737,5 €
Balance sheet
Equity	1,3 M €	-3.3%	1,3 M €	-12.0%	1,5 M €	+38.0%	1,1 M €	+15.2%	940 k €	+19.9%	784,2 k €	+7.1%	732,4 k €	+12.2%	652,7 k €	+11.9%	583,1 k €	+11.7%	522 k €	+11.7%	467,5 k €	+24.6%	375,2 k €	+1.3%	370,5 k €	+19.7%	309,5 k €	+73.5%	178,5 k €	+25.2%	142,6 k €	+22.3%	116,6 k €	+48.4%	78,6 k €	+41.3%	55,6 k €
Total assets	1,3 M €	-7.6%	1,4 M €	-9.9%	1,6 M €	-13.9%	1,8 M €	+70.5%	1,1 M €	-4.1%	1,1 M €	+6.1%	1 M €	-1.2%	1,1 M €	-0.4%	1,1 M €	+21.8%	868,7 k €	-3.0%	895,7 k €	+5.6%	848,2 k €	-13.7%	983,1 k €	+14.2%	861,2 k €	+85.6%	464 k €	-0.8%	467,7 k €	+1.5%	460,7 k €	+0.4%	458,7 k €	-4.1%	478,6 k €
Cash	287,2 k €	-14.4%	335,7 k €	-30.3%	481,4 k €	+591%	69,6 k €	-19.4%	86,4 k €	-31.9%	126,9 k €	+86.1%	68,2 k €	+162%	26 k €	-6.0%	27,7 k €	-46.7%	52 k €	+11.1%	46,8 k €	+0.1%	46,7 k €	-63.9%	129,3 k €	+70201%	184 €	-99.5%	36,8 k €	+154%	14,5 k €	-59.8%	36 k €	+107%	17,4 k €	-29.8%	24,8 k €
Debts	18,3 k €	-77.6%	81,8 k €	+51.5%	54 k €	-92.5%	719,4 k €	+519%	116,1 k €	-63.7%	319,8 k €	+3.8%	308 k €	-22.1%	395,6 k €	-15.9%	470,2 k €	+36.5%	344,5 k €	-19.2%	426,1 k €	-9.7%	471,6 k €	-22.9%	612 k €	+10.9%	551,6 k €	+93.2%	285,5 k €	-12.2%	325,1 k €	-5.5%	344,1 k €	-9.5%	380,1 k €	-10.1%	422,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Karine BOULENGER

Director · since 20 juillet 2023

Active

Olivier FAGNART

Administrator - manager · since 18 juin 2014

Active

Ended mandates

Olivier FAGNART

Manager · since 12 novembre 2002

Ended

Olivier FAGNART

Administrator - manager

Ended

Olivier FAGNART

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Micro model	Micro model	Micro 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	02/06/2026	28/05/2025	27/06/2024	25/06/2023	16/06/2022	01/07/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	13/06/2023	14/06/2022	08/06/2021
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
Micro model	31/12/2025	12/05/2026	02/06/2026	French	PDF
Micro model	31/12/2024	13/05/2025	28/05/2025	French	PDF
Abridged model	31/12/2023	14/05/2024	27/06/2024	French	PDF
Micro model	31/12/2022	13/06/2023	25/06/2023	French	PDF
Micro model	31/12/2021	14/06/2022	16/06/2022	French	PDF
Micro model	31/12/2020	08/06/2021	01/07/2021	French	PDF
Micro model	31/12/2019	09/06/2020	09/06/2020	French	PDF
Micro model	31/12/2018	11/06/2019	11/06/2019	French	PDF
Micro model	31/12/2017	12/06/2018	14/06/2018	French	PDF
Abridged modelCorrection	31/12/2016	13/06/2017	16/08/2017	French	PDF
Abridged model	31/12/2016	13/06/2017	27/07/2017	French	PDF
Abridged model	31/12/2015	07/06/2016	18/08/2016	French	PDF
Abridged model	31/12/2014	09/06/2015	17/08/2015	French	PDF
Abridged model	30/06/2013	12/11/2013	16/01/2014	French	PDF
Abridged model	30/06/2012	13/11/2012	17/12/2012	French	PDF
Abridged model	30/06/2011	08/11/2011	15/12/2011	French	PDF
Abridged model	30/06/2010	09/11/2010	27/01/2011	French	PDF
Abridged model	30/06/2009	10/11/2009	17/11/2009	French	PDF
Abridged model	30/06/2008	12/11/2008	23/12/2008	French	PDF
Abridged model	30/06/2007	13/11/2007	16/11/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 3 ended

Active mandates

Karine BOULENGER

Director · since 20 juillet 2023

Active

Olivier FAGNART

Administrator - manager · since 18 juin 2014

Active

Ended mandates

Olivier FAGNART

Manager · since 12 novembre 2002

Ended

Olivier FAGNART

Administrator - manager

Ended

Olivier FAGNART

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares19/12/2023
DIVERS - CAPITAL, ACTIONS
PDF
Mandates02/08/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
PDF
Capital / shares04/07/2014
OBJET - CAPITAL, ACTIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other28/09/2006
SIEGE SOCIAL - RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...) - ADRESSE AUTRE QUE SIEGE SOCIAL
PDF
Registered office10/12/2003
SIEGE SOCIAL
PDF
Other26/11/2002
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-43,5 k €↑
2024
Annual accounts 2024-99,8 k €↓
2023
Annual accounts 2023441,2 k €↑
2022
Annual accounts 2022173,2 k €↑
2021
Annual accounts 2021155,8 k €↑
2020
Annual accounts 2020136,8 k €↑
2019
Annual accounts 201979,7 k €↓
2018
Annual accounts 201884,6 k €↑
2017
Annual accounts 201776,1 k €↑
2016
Annual accounts 201669,5 k €↓
2015
Annual accounts 2015102,3 k €↑
2014
Annual accounts 201459,3 k €↓
2013
Annual accounts 201360,9 k €↓
2012
Annual accounts 2012131,1 k €↑
2011
Annual accounts 201135,9 k €↑
2010
Annual accounts 201026 k €↓
2009
Annual accounts 200938 k €↑
2008
Annual accounts 200823 k €↑
2007
Annual accounts 2007-737,5 €
19/11/2002
IncorporationPrivate 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

SONAFAG

Overview

What does SONAFAG do?

Trend over 19 financial years

Indicative valuation

Board of directors

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