SK Solution
ActiveSK Solution has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78k and a net result of €20k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 27676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+4
Solvency56▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.42 against 1.01 in 2024; short-term debt: 9.7% and cash: 10.6% of total assets), but 68.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.1%
Return on assets
7.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
21 d early
2023
13 d early
2022
65 d late
2021
30 d late
2020
8 d early
2019
17 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€78k▲ 33.7%
2024 · €58k
2018: €50k
2019: €53k
2020: €46k
2021: €48k
2022: €62k
2023: €46k
2024: €58k
2018 → 2025
Total assets
€250k▼ 1.4%
2024 · €253k
2018: €55k
2019: €86k
2020: €72k
2021: €63k
2022: €251k
2023: €254k
2024: €253k
2018 → 2025
Net result
€20k▲ 64.8%
2024 · €12k
2018: €11k
2019: €3k
2020: €-7k
2021: €2k
2022: €14k
2023: €14k
2024: €12k
2018 → 2025
Working capital
€34k▲ 7,819%
2024 · €432
2018: €45k
2019: €39k
2020: €40k
2021: €48k
2022: €27k
2023: €-4k
2024: €432
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€62k▲ 28.8%€46k▼ 25.6%€58k▲ 25.7%€78k▲ 33.7%
Operating result€3k-€22k▲ 569%€28k▲ 28.8%€27k▼ 5.8%€36k▲ 36.3%
Net result€2k-€14k▲ 602%€14k▲ 3.9%€12k▼ 17.7%€20k▲ 64.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 36% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €250k
Fixed assets
€191k▼ 9.8%
Current assets
€58k▲ 41.2%
Equity and liabilities €250k
Equity
€78k▲ 33.7%
Debt
€172k▼ 11.9%
The debt ratio falls from 77.1% to 68.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57k▲
2024 · €50k
Cash flow
€40k▲
2024 · €35k
Solvency
31.1%▲
2024 · 22.9%
Current ratio
2.42▲
2024 · 1.01
Quick ratio
2.42▲
2024 · 1.01
Debt / equity
2.21▼
2024 · 3.36
ROE
25.2%▲
2024 · 20.5%
ROA
7.8%▲
2024 · 4.7%
Interest coverage
8.14▲
2024 · 6.59
Debt
€172k▼
2024 · €195k
Debt ≤ 1 year
€24k▼
2024 · €41k
Debt > 1 year
€148k▼
2024 · €154k
Income taxes
€10k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€253k€250k▼
Fixed assets21/28€212k€191k▼
Tangible fixed assets22/27€212k€191k▼
Land and buildings22€199k€191k▼
Plant, machinery and equipment23€471€90▼
Furniture and vehicles24€13k€375▼
Current assets29/58€41k€58k▲
Amounts receivable within one year40/41€17k€27k▲
Trade receivables40€15k€24k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€20k€26k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€253k€250k▼
Equity10/15€58k€78k▲
Contributions10/11€6k€6k=
Reserves13€52k€72k▲
Distributable reserves133€52k€72k▲
Amounts payable17/49€195k€172k▼
Amounts payable after more than one year17€154k€148k▼
Financial debts170/4€154k€148k▼
Amounts payable within one year42/48€41k€24k▼
Current portion of amounts payable after more than one year42€7k€7k▼
Trade debts44€8k€5k▼
Suppliers440/4€8k€5k▼
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€10k€12k▲
Other amounts payable47/48€16k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€21k▼
Other operating charges640/8€690€1k▲
Gross operating margin9900€50k€58k▲
Operating profit (loss)9901€27k€36k▲
Financial income75/76B€31€44▲
Recurring financial income75€31€44▲
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€19k€30k▲
Income taxes67/77€7k€10k▲
Profit (loss) for the period9904€12k€20k▲
Profit (loss) for the period to be appropriated9905€12k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€20k▲
Transfer to equity691/2€12k€20k▲
To other reserves6921€12k€20k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €20k ▲64.8%
Operating result €36k, net result €20k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.42
Current ratio from 1.01 to 2.42; short-term debt falls from €41k to €24k.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-7k ▼310%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brecht · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Van De Reydtlaan 422960 BrechtGround area
2,190 m²
Building footprint
294 m²
Volume, LiDAR
1,326 m³
2 parcels, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SK Solution
since 20112.204.782.185
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11009M0078/00X002 | Flanders | 2,119 m² | 1 · 202 m² | 9.2 m · 1 fl. |
| 11442C0285/00B002 | Flanders | 70 m² | 1 · 92 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,796 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-11-2011
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.