S-LUTION
ActiveSummary
S-LUTION has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110k and a net result of €-2k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-33
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 3.3 against 3.78 in 2024; short-term debt: 14.2% and cash: 16.6% of total assets), and 16.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.2%
Return on assets
-1.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-12-2025, 33 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
33 d early
2024
38 d early
2023
16 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€110k▼ 1.8%
2024 · €112k
2023: €59klowest in 3 years
2024: €112k▲ +90.1% vs 2023highest in 3 years
2025: €110k▼ -1.8% vs 2024
2023 → 2025
Total assets
€132k▼ 10.8%
2024 · €148k
2023: €125klowest in 3 years
2024: €148k▲ +18.3% vs 2023highest in 3 years
2025: €132k▼ -10.8% vs 2024
2023 → 2025
Net result
€-2k
2024 · €53k
2023: €56khighest in 3 years
2024: €53k▼ -5.1% vs 2023
2025: €-2k▼ -104% vs 2024lowest in 3 years
2023 → 2025
Working capital
€43k▼ 37.0%
2024 · €68k
2023: €51k
2024: €68k▲ +34.5% vs 2023highest in 3 years
2025: €43k▼ -37.0% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€59k-€112k▲ 90.1%€110k▼ 1.8%
2023: €59klowest in 3 years
2024: €112k▲ +90.1% vs 2023highest in 3 years
2025: €110k▼ -1.8% vs 2024
Operating result€72k-€69k▼ 3.4%€-972
2023: €72khighest in 3 years
2024: €69k▼ -3.4% vs 2023
2025: €-972▼ -101% vs 2024lowest in 3 years
Net result€56k-€53k▼ 5.1%€-2k
2023: €56khighest in 3 years
2024: €53k▼ -5.1% vs 2023
2025: €-2k▼ -104% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €972 after €69k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132k
Fixed assets
€70k ▲ 27.6%
Current assets
€62k ▼ 33.6%
Equity and liabilities €132k
Equity
€110k ▼ 1.8%
Debt
€22k ▼ 38.5%
Debt's share of the balance-sheet total falls from 24.4% to 16.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9k▼
2024 · €81k
Cash flow
€8k▼
2024 · €65k
Current ratio
3.30▼
2024 · 3.78
Debt to equity
0.20▼
2024 · 0.32
ROE
-1.9%▼
2024 · 47.4%
ROA
-1.6%▼
2024 · 35.8%
Interest coverage
11.02▼
2024 · 74.72
Debt ≤ 1 year
€19k▼
2024 · €25k
Debt > 1 year
€3k▼
2024 · €11k
Income taxes
€405▼
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€148k€132k▼
Fixed assets21/28€55k€70k▲
Tangible fixed assets22/27€55k€70k▲
Land and buildings22€28k€32k▲
Plant, machinery and equipment23-€2k
Furniture and vehicles24€27k€37k▲
Current assets29/58€93k€62k▼
Amounts receivable within one year40/41€4k€38k▲
Trade receivables40€297€38k▲
Other amounts receivable41€3k€197▼
Cash at bank and in hand54/58€86k€22k▼
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€148k€132k▼
Equity10/15€112k€110k▼
Contributions10/11€3k€3k=
Reserves13€109k€107k▼
Distributable reserves133€109k€107k▼
Amounts payable17/49€36k€22k▼
Amounts payable after more than one year17€11k€3k▼
Financial debts170/4€11k€3k▼
Amounts payable within one year42/48€25k€19k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€14k€1k▼
Taxes450/3€14k€1k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€3€6k▲
Accrued charges and deferred income492/3€6€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€10k▼
Other operating charges640/8€472€1k▲
Non-recurring operating charges66A€763€0▼
Gross operating margin9900€82k€10k▼
Operating profit (loss)9901€69k€-972▼
Financial income75/76B€172€156▼
Recurring financial income75€172€156▼
Financial charges65/66B€1k€829▼
Recurring financial charges65€1k€829▼
Profit (loss) for the period before taxes9903€68k€-2k▼
Income taxes67/77€15k€405▼
Profit (loss) for the period9904€53k€-2k▼
Profit (loss) for the period to be appropriated9905€53k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€53k€-2k▼
Transfer from equity791/2-€2k
Transfer to equity691/2€53k€0▼
To other reserves6921€53k€0▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €12k | €10k | ▼ 13.4% |
| Other operating charges640/8 | €800 | €472 | €1k | ▲ 170% |
| Non-recurring operating charges66A | €850 | €763 | €0 | ▼ 100% |
| Gross operating margin9900 | €77k | €82k | €10k | ▼ 87.3% |
| Operating profit (loss)9901 | €72k | €69k | €-972 | ▼ 101% |
| Financial income75/76B | €0 | €172 | €156 | ▼ 9.1% |
| Recurring financial income75 | €0 | €172 | €156 | ▼ 9.1% |
| Financial charges65/66B | €764 | €1k | €829 | ▼ 23.3% |
| Recurring financial charges65 | €764 | €1k | €829 | ▼ 23.3% |
| Profit (loss) for the period before taxes9903 | €71k | €68k | €-2k | ▼ 102% |
| Income taxes67/77 | €15k | €15k | €405 | ▼ 97.3% |
| Profit (loss) for the period9904 | €56k | €53k | €-2k | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | €56k | €53k | €-2k | ▼ 104% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €125k | €148k | €132k | ▼ 10.8% |
| Fixed assets21/28 | €27k | €55k | €70k | ▲ 27.6% |
| Tangible fixed assets22/27 | €27k | €55k | €70k | ▲ 27.6% |
| Land and buildings22 | - | €28k | €32k | ▲ 14.7% |
| Plant, machinery and equipment23 | - | - | €2k | - |
| Furniture and vehicles24 | €27k | €27k | €37k | ▲ 34.9% |
| Current assets29/58 | €98k | €93k | €62k | ▼ 33.6% |
| Amounts receivable within one year40/41 | €27k | €4k | €38k | ▲ 961% |
| Trade receivables40 | €26k | €297 | €38k | ▲ 12,575% |
| Other amounts receivable41 | €377 | €3k | €197 | ▼ 94.0% |
| Cash at bank and in hand54/58 | €68k | €86k | €22k | ▼ 74.3% |
| Deferred charges and accrued income490/1 | €3k | €4k | €2k | ▼ 50.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €125k | €148k | €132k | ▼ 10.8% |
| Equity10/15 | €59k | €112k | €110k | ▼ 1.8% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | €56k | €109k | €107k | ▼ 1.9% |
| Distributable reserves133 | €56k | €109k | €107k | ▼ 1.9% |
| Amounts payable17/49 | €66k | €36k | €22k | ▼ 38.5% |
| Amounts payable after more than one year17 | €19k | €11k | €3k | ▼ 69.9% |
| Financial debts170/4 | €19k | €11k | €3k | ▼ 69.9% |
| Amounts payable within one year42/48 | €47k | €25k | €19k | ▼ 23.8% |
| Current portion of amounts payable after more than one year42 | €7k | €8k | €8k | ▲ 4.5% |
| Trade debts44 | €4k | €3k | €4k | ▲ 40.9% |
| Suppliers440/4 | €4k | €3k | €4k | ▲ 40.9% |
| Taxes, remuneration and social security45 | €36k | €14k | €1k | ▼ 90.9% |
| Taxes450/3 | €31k | €14k | €1k | ▼ 90.9% |
| Remuneration and social security454/9 | €5k | €0 | - | - |
| Other amounts payable47/48 | €31 | €3 | €6k | ▲ 171,786% |
| Accrued charges and deferred income492/3 | - | €6 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €56k | €53k | €-2k | ▼ 104% |
| + Depreciation and write-downs630 | €4k | €12k | €10k | ▼ 13.4% |
| Operating cash flow (approximation) | €60k | €65k | €8k | ▼ 87.5% |
| Investment in fixed assets (approximation) | - | €-39k | €-25k | ▲ 35.9% |
| Change in cash | - | €17k | €-64k | ▼ 469% |
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
Next filing, fiscal year 2026, expected by
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series.
2024
24-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Equity above €100kEq €112k ▲90.1%
2 profitable years in a row build equity to €112k.
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ichtegem · 1 establishment unit since 2022
Ground area
531 m²
Building footprint
240 m²
Volume, LiDAR
1,279 m³
Parcel 35006A0438/00G003, Flanders · tallest building 10.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
S-LUTION
since 20222.337.947.646
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35006A0438/00G003 | Flanders | 531 m² | 1 · 240 m² | 10.3 m · 1 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,758 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
Founded25-10-2022
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.