13 Solutions Projects
ActiveSummary
The computed 12-month bankruptcy probability of 13 Solutions Projects is 1.9% (moderate). The 2024 annual accounts show equity of €66,943 and a net result of €52,592. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 41% of 36380 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency64▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.95 against 1.21 in 2023; short-term debt: 52% and cash: 38.5% of total assets), and 61.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €66,943
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
70 d late
2022
88 d late
2021
37 d late
2020
18 d late
2019
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 61 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€52,592▼ 28.1%
2023 · €73,166
Working capital
-€4,273
2023 · €12,099
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€1,620€9,294▲ 474%-€11,068€85,496€67,272▼ 21.3%
Net result€311below the sector's middle half€8,528within the sector's middle half▲ 2,640%-€11,632below the sector's middle half€73,166above the sector's middle half€52,592above the sector's middle half▼ 28.1%
Equity€4,289below the sector's middle half▲ 7.8%€12,817below the sector's middle half▲ 199%€1,185below the sector's middle half▼ 90.8%€44,351within the sector's middle half▲ 3,641%€66,943within the sector's middle half▲ 50.9%
Total assets€156,201within the sector's middle half▼ 14.5%€158,743below the sector's middle half▲ 1.6%€105,379within the sector's middle half▼ 33.6%€168,638within the sector's middle half▲ 60.0%€172,097within the sector's middle half▲ 2.1%
Debt€151,912▼ 15.0%€145,925▼ 3.9%€104,194▼ 28.6%€124,287▲ 19.3%€105,154▼ 15.4%
Working capital€3,712▼ 48.8%€25,022▲ 574%-€3€12,099-€4,273
Solvency2.7%below the sector's middle half▲ 0.6pp8.1%below the sector's middle half▲ 5.3pp1.1%below the sector's middle half▼ 6.9pp26.3%within the sector's middle half▲ 25.2pp38.9%within the sector's middle half▲ 12.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 21% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €172,097
Fixed assets
€86,911 ▼ 11.2%
Current assets
€85,186 ▲ 20.4%
Equity and liabilities €172,097
Equity
€66,943 ▲ 50.9%
Debt
€105,154 ▼ 15.4%
Debt's share of the balance-sheet total falls from 73.7% to 61.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€88,579▼
2023 · €104,091
Cash flow
€73,899▼
2023 · €91,760
Current ratio
0.95▼
2023 · 1.21
Debt to equity
1.57▼
2023 · 2.80
ROE
78.6%▼
2023 · 165.0%
ROA
30.6%▼
2023 · 43.4%
Interest coverage
149.89▼
2023 · 618.30
Debt ≤ 1 year
€89,459▲
2023 · €58,672
Debt > 1 year
€15,695▼
2023 · €65,615
Income taxes
€14,129▲
2023 · €12,223
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €648 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,819 | €15,830 | €15,000 | €18,594 | €21,308 | ▲ 14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €7,964 | - | - | - |
| Other operating charges640/8 | - | €276 | €5 | €665 | €2,699 | ▲ 306% |
| Gross operating margin9900 | €17,716 | €25,400 | €11,902 | €104,755 | €91,278 | ▼ 12.9% |
| Operating profit (loss)9901 | €1,620 | €9,294 | -€11,068 | €85,496 | €67,272 | ▼ 21.3% |
| Financial income75/76B | - | €209 | - | €60 | €40 | ▼ 33.3% |
| Recurring financial income75 | €45 | €209 | - | €60 | €40 | ▼ 33.3% |
| Financial charges65/66B | - | €617 | €564 | €168 | €591 | ▲ 251% |
| Recurring financial charges65 | €1,354 | €617 | €564 | €168 | €591 | ▲ 251% |
| Profit (loss) for the period before taxes9903 | €311 | €8,887 | -€11,632 | €85,388 | €66,721 | ▼ 21.9% |
| Income taxes67/77 | - | €359 | - | €12,223 | €14,129 | ▲ 15.6% |
| Profit (loss) for the period9904 | €311 | €8,528 | -€11,632 | €73,166 | €52,592 | ▼ 28.1% |
| Profit (loss) for the period to be appropriated9905 | €311 | €8,528 | -€11,632 | €73,166 | €52,592 | ▼ 28.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €156,201 | €158,743 | €105,379 | €168,638 | €172,097 | ▲ 2.1% |
| Fixed assets21/28 | €136,594 | €120,891 | €105,000 | €97,867 | €86,911 | ▼ 11.2% |
| Intangible fixed assets21 | €135,000 | €120,000 | €105,000 | €90,000 | €75,000 | ▼ 16.7% |
| Tangible fixed assets22/27 | €1,594 | €765 | - | €7,867 | €11,911 | ▲ 51.4% |
| Plant, machinery and equipment23 | - | - | - | €1,117 | €1,980 | ▲ 77.2% |
| Furniture and vehicles24 | - | €765 | - | €6,749 | €9,931 | ▲ 47.1% |
| Financial fixed assets28 | - | €126 | - | - | - | - |
| Current assets29/58 | €19,607 | €37,852 | €379 | €70,771 | €85,186 | ▲ 20.4% |
| Amounts receivable within one year40/41 | €7,685 | €6,023 | €322 | €33,170 | €18,869 | ▼ 43.1% |
| Trade receivables40 | - | €5,464 | - | €24,686 | €8,423 | ▼ 65.9% |
| Other amounts receivable41 | - | €559 | €322 | €8,483 | €10,447 | ▲ 23.1% |
| Cash at bank and in hand54/58 | €10,808 | €31,760 | €58 | €36,954 | €66,209 | ▲ 79.2% |
| Deferred charges and accrued income490/1 | - | €69 | - | €648 | €107 | ▼ 83.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €156,201 | €158,743 | €105,379 | €168,638 | €172,097 | ▲ 2.1% |
| Equity10/15 | €4,289 | €12,817 | €1,185 | €44,351 | €66,943 | ▲ 50.9% |
| Contributions10/11 | €18,600 | €18,600 | €20,460 | €20,460 | €18,600 | ▼ 9.1% |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | - | - | €1,860 | - |
| Non-distributable reserves130/1 | - | €1,860 | - | - | €1,860 | - |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€16,171 | -€7,643 | -€19,275 | €23,891 | €46,483 | ▲ 94.6% |
| Amounts payable17/49 | €151,912 | €145,925 | €104,194 | €124,287 | €105,154 | ▼ 15.4% |
| Amounts payable after more than one year17 | €136,017 | €133,095 | €103,811 | €65,615 | €15,695 | ▼ 76.1% |
| Financial debts170/4 | - | €133,095 | €103,811 | €65,615 | €15,695 | ▼ 76.1% |
| Amounts payable within one year42/48 | €15,895 | €12,831 | €383 | €58,672 | €89,459 | ▲ 52.5% |
| Trade debts44 | €1,729 | €9,607 | €383 | €16,449 | €34,969 | ▲ 113% |
| Suppliers440/4 | - | €9,607 | €383 | €16,449 | €34,969 | ▲ 113% |
| Taxes, remuneration and social security45 | - | €3,223 | - | €12,223 | €24,490 | ▲ 100% |
| Taxes450/3 | - | €3,223 | - | €12,223 | €24,490 | ▲ 100% |
| Other amounts payable47/48 | - | - | - | €30,000 | €30,000 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €311 | €8,528 | -€11,632 | €73,166 | €52,592 | ▼ 28.1% |
| + Depreciation and write-downs630 | €15,819 | €15,830 | €15,000 | €18,594 | €21,308 | ▲ 14.6% |
| Operating cash flow (approximation) | €16,130 | €24,358 | €3,368 | €91,760 | €73,899 | ▼ 19.5% |
| Investment in fixed assets (approximation) | - | -€126 | €891 | -€11,461 | -€10,352 | ▲ 9.7% |
| Change in cash | - | €20,952 | -€31,703 | €36,896 | €29,256 | ▼ 20.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
2023
31-12
Financial
Back to profitnet €73,166
Net result €73,166 after one loss-making year.
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
31-12
Financial
Weakest financial yearnet -€11,632
Net result drops to -€11,632, the lowest in the series; recovery starts the following year.
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 37 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 2.95
Current ratio from 1.23 to 2.95; short-term debt falls from €15,895 to €12,831.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 18 days late
2020
31-12
Financial
Back to profitnet €311
Net result €311 after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 60 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2015
Ground area
142 m²
Building footprint
80 m²
Volume, LiDAR
858 m³
Parcel 21816C0023/00Z009, Brussels · tallest building 12.3 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
13 Solutions Projects
since 20152.240.256.075
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0023/00Z009 | Brussels | 142 m² | 1 · 80 m² | 12.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,043 companies in sector 43221 we hold annual accounts for 3,473. 3,038 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0598993113
Also
9925:BE0598993113
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.