SL - Solution
ActiveSummary
SL - Solution has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.6m and a net result of €92,140. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 9046 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity ample (current ratio 3.37 against 3.63 in 2023; short-term debt: 22.9% and cash: 37.9% of total assets), and 23.7% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
76.3%
Return on assets
4.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
44 d early
2022
31 d early
2021
40 d early
2020
33 d early
2019
28 d early
← 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 32 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€1.6m▲ 6.0%
2023 · €1.5m
Total assets
€2.1m▲ 8.9%
2023 · €1.9m
Net result
€92,140▼ 36.7%
2023 · €145,674
Working capital
€1.2m▲ 8.1%
2023 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€101,926▼ 1.3%€192,702▲ 89.1%€168,378▼ 12.6%€227,926▲ 35.4%€160,238▼ 29.7%
Net result€50,847▲ 41.6%€126,759▲ 149%€86,007▼ 32.1%€145,674▲ 69.4%€92,140▼ 36.7%
Equity€1.2m▲ 4.5%€1.3m▲ 10.8%€1.4m▲ 6.6%€1.5m▲ 10.5%€1.6m▲ 6.0%
Total assets€1.8m▲ 3.9%€2.0m▲ 11.3%€1.9m▼ 2.5%€1.9m▲ 1.6%€2.1m▲ 8.9%
Debt€598,127▲ 2.7%€670,559▲ 12.1%€519,894▼ 22.5%€405,033▼ 22.1%€486,762▲ 20.2%
Working capital€627,588▲ 21.0%€819,400▲ 30.6%€893,961▲ 9.1%€1.1m▲ 19.3%€1.2m▲ 8.1%
Staff (FTE)8▲ 14.3%8.6▲ 7.5%9.6▲ 11.6%8.9▼ 7.3%8.9=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 30% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.1m
Fixed assets
€480,745 ▲ 1.1%
Current assets
€1.6m ▲ 11.4%
Equity and liabilities €2.1m
Equity
€1.6m ▲ 6.0%
Provisions
€15,000 =
Debt
€486,762 ▲ 20.2%
Debt's share of the balance-sheet total rises from 20.8% to 22.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€255,482▼
2023 · €313,469
Cash flow
€187,383▼
2023 · €231,217
Current ratio
3.37▼
2023 · 3.63
Quick ratio
2.85▼
2023 · 3.14
Debt to equity
0.30▲
2023 · 0.27
ROE
5.7%▼
2023 · 9.5%
ROA
4.3%▼
2023 · 7.5%
Interest coverage
8.77▼
2023 · 13.61
Debt ≤ 1 year
€486,762▲
2023 · €405,033
Income taxes
€41,823▼
2023 · €63,086
Staff costs
€703,820▲
2023 · €574,479
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €13,814 | €11,973 | €0 | €2,986 | ▲ 14,932,100% |
| Remuneration, social security and pensions62 | - | €514,682 | €542,036 | €574,479 | €703,820 | ▲ 22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €130,766 | €124,865 | €80,548 | €85,543 | €95,243 | ▲ 11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €15,059 | €7,807 | -€4,070 | €15,032 | ▲ 469% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €15,000 | €0 | - | - |
| Other operating charges640/8 | - | €10,068 | €10,804 | €9,936 | €10,003 | ▲ 0.7% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €660,723 | €857,376 | €824,573 | €893,813 | €984,337 | ▲ 10.1% |
| Operating profit (loss)9901 | €101,926 | €192,702 | €168,378 | €227,926 | €160,238 | ▼ 29.7% |
| Financial income75/76B | - | €6,162 | €5,927 | €3,873 | €2,841 | ▼ 26.6% |
| Recurring financial income75 | €3,885 | €6,162 | €5,927 | €3,873 | €2,841 | ▼ 26.6% |
| Financial charges65/66B | - | €20,718 | €45,718 | €23,038 | €29,117 | ▲ 26.4% |
| Recurring financial charges65 | €23,351 | €20,547 | €45,718 | €23,038 | €29,117 | ▲ 26.4% |
| Non-recurring financial charges66B | - | €171 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €82,355 | €178,146 | €128,588 | €208,761 | €133,963 | ▼ 35.8% |
| Income taxes67/77 | €31,508 | €51,387 | €42,581 | €63,086 | €41,823 | ▼ 33.7% |
| Profit (loss) for the period9904 | €50,847 | €126,759 | €86,007 | €145,674 | €92,140 | ▼ 36.7% |
| Profit (loss) for the period to be appropriated9905 | €50,847 | €126,759 | €86,007 | €145,674 | €92,140 | ▼ 36.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €2.0m | €1.9m | €1.9m | €2.1m | ▲ 8.9% |
| Fixed assets21/28 | €564,260 | €476,157 | €502,603 | €475,369 | €480,745 | ▲ 1.1% |
| Tangible fixed assets22/27 | €564,260 | €476,157 | €502,603 | €475,369 | €480,745 | ▲ 1.1% |
| Land and buildings22 | - | €404,497 | €360,440 | €324,523 | €288,606 | ▼ 11.1% |
| Plant, machinery and equipment23 | - | €16,138 | €13,013 | €9,887 | €6,848 | ▼ 30.7% |
| Furniture and vehicles24 | - | €55,522 | €129,150 | €140,959 | €185,291 | ▲ 31.5% |
| Current assets29/58 | €1.2m | €1.5m | €1.4m | €1.5m | €1.6m | ▲ 11.4% |
| Stocks and contracts in progress3 | €99,700 | €166,354 | €250,493 | €201,911 | €252,134 | ▲ 24.9% |
| Stocks30/36 | - | €166,354 | €250,493 | €201,911 | €252,134 | ▲ 24.9% |
| Amounts receivable within one year40/41 | €773,575 | €822,339 | €903,978 | €840,573 | €583,615 | ▼ 30.6% |
| Trade receivables40 | - | €819,177 | €901,779 | €823,308 | €566,740 | ▼ 31.2% |
| Other amounts receivable41 | - | €3,162 | €2,199 | €17,266 | €16,875 | ▼ 2.3% |
| Cash at bank and in hand54/58 | €327,627 | €501,265 | €259,384 | €429,419 | €804,646 | ▲ 87.4% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €2.0m | €1.9m | €1.9m | €2.1m | ▲ 8.9% |
| Equity10/15 | €1.2m | €1.3m | €1.4m | €1.5m | €1.6m | ▲ 6.0% |
| Contributions10/11 | - | €612,600 | €612,600 | €612,600 | €612,600 | = |
| Reserves13 | €556,197 | €682,957 | €768,964 | €914,638 | €1.0m | ▲ 10.1% |
| Non-distributable reserves130/1 | - | €13,384 | €13,384 | €0 | - | - |
| Reserves not available under the articles1311 | - | €13,384 | €13,384 | €0 | - | - |
| Distributable reserves133 | - | €669,573 | €755,580 | €914,638 | €1.0m | ▲ 10.1% |
| Provisions and deferred taxes16 | - | - | €15,000 | €15,000 | €15,000 | = |
| Provisions for liabilities and charges160/5 | - | - | €15,000 | €15,000 | €15,000 | = |
| Other liabilities and charges164/5 | - | - | €15,000 | €15,000 | €15,000 | = |
| Amounts payable17/49 | €598,127 | €670,559 | €519,894 | €405,033 | €486,762 | ▲ 20.2% |
| Amounts payable after more than one year17 | €23,051 | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €575,076 | €670,559 | €519,894 | €405,033 | €486,762 | ▲ 20.2% |
| Current portion of amounts payable after more than one year42 | - | €23,051 | €0 | - | - | - |
| Financial debts43 | - | €100,000 | €0 | - | - | - |
| Credit institutions430/8 | - | €100,000 | €0 | - | - | - |
| Trade debts44 | €197,126 | €396,916 | €355,461 | €325,149 | €397,140 | ▲ 22.1% |
| Suppliers440/4 | - | €396,916 | €355,461 | €325,149 | €397,140 | ▲ 22.1% |
| Taxes, remuneration and social security45 | - | €100,766 | €140,618 | €79,885 | €87,956 | ▲ 10.1% |
| Taxes450/3 | - | €39,960 | €56,132 | €6,522 | €1,823 | ▼ 72.1% |
| Remuneration and social security454/9 | - | €60,806 | €84,486 | €73,362 | €86,133 | ▲ 17.4% |
| Other amounts payable47/48 | - | €49,826 | €23,816 | €0 | €1,666 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,847 | €126,759 | €86,007 | €145,674 | €92,140 | ▼ 36.7% |
| + Depreciation and write-downs630 | €130,766 | €124,865 | €80,548 | €85,543 | €95,243 | ▲ 11.3% |
| Operating cash flow (approximation) | €181,613 | €251,625 | €166,555 | €231,217 | €187,383 | ▼ 19.0% |
| Investment in fixed assets (approximation) | - | -€36,762 | -€106,993 | -€58,309 | -€100,619 | ▼ 72.6% |
| Change in cash | - | €173,638 | -€241,880 | €170,034 | €375,228 | ▲ 121% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €145,674 ▲69.4%
Operating result €227,926, net result €145,674, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €35,906 ▼51.3%
Net result drops to €35,906, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
9 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, Anzegem · 1 establishment unit since 1999
Ground area
2,390 m²
Building footprint
1,138 m²
Volume, LiDAR
6,598 m³
Parcel 34038A0124/00G002, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SL-Solution
since 19992.090.367.123
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34038A0124/00G002 | Flanders | 2,390 m² | 1 · 1,137 m² | 7.0 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 4,610 EUR awarded · 4,610 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 4,610 EUR | 4,610 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300E24D6HMBBFL150
Similar companies · same sector, comparable size
WATIFIC
BE 0846.552.355
Waterloo · Eq €1,619,286
Old Establis. Zavieh Import-Export
BE 0420.834.597
Ukkel · Eq €1,632,272
IBA-BENELUX
BE 0474.178.164
Gent · Eq €1,602,077
WORLD ALL BUSINESS
BE 0535.749.806
Sint-Gillis (bij-Brussel) · Eq €1,645,923
ETS RAMAUT
BE 0452.853.408
Quaregnon · Eq €1,592,023
Of 6,149 companies in sector 46190 we hold annual accounts for 2,571. 916 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
Founded30-12-1998
Fiscal year end31-12
Trade name NL
SL
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
46620Wholesale of machine tools
Scores and ratios are computed by Checked and are not a credit decision.