SL - Solution
ActiveSummary
SL - Solution has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €157,811. Equity is growing by about 7.8% per year across the filed financial years. Its solvency ranks better than 87% of 9,760 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 9.4 FTE
- Equity
- €1.8m
- Profit
- €157,811
- DEGEZELLE DidierDirector
- DEGEZELLE JorisDirector
Why 97lowers riskLiquidity: current ratio 4.90, cash €538,497Founded in 1998Equity €1.8m (83.4% of total assets)Profit of €157,811 (financial year 2025)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 90% on solvency, 81% on liquidity, 69% on profitability and 64% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 34 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Highest result from 2018 to 2025net €157,811 ▲71.3%
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 33% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 31,373 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 31,373 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €13,814 | €11,973 | €0 | €2,986 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €514,682 | €542,036 | €574,479 | €703,820 | €635,776 | ▼ 9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €129,472 | €130,307 | €130,766 | €124,865 | €80,548 | €85,543 | €95,243 | €99,597 | ▲ 4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €15,059 | €7,807 | -€4,070 | €15,032 | €13,160 | ▼ 12.5% |
| 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 | €11,260 | ▲ 12.6% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - | - | - | - |
| Gross operating margin9900 | €687,530 | €636,179 | €660,723 | €857,376 | €824,573 | €893,813 | €984,337 | €972,875 | ▼ 1.2% |
| Operating profit (loss)9901 | €139,515 | €103,242 | €101,926 | €192,702 | €168,378 | €227,926 | €160,238 | €213,082 | ▲ 33.0% |
| Financial income75/76B | - | - | - | €6,162 | €5,927 | €3,873 | €2,841 | €9,286 | ▲ 227% |
| Recurring financial income75 | €3,342 | €4,576 | €3,885 | €6,162 | €5,927 | €3,873 | €2,841 | €9,286 | ▲ 227% |
| Financial charges65/66B | - | - | - | €20,718 | €45,718 | €23,038 | €29,117 | €16,632 | ▼ 42.9% |
| Recurring financial charges65 | €39,050 | €45,631 | €23,351 | €20,547 | €45,718 | €23,038 | €29,117 | €16,632 | ▼ 42.9% |
| Non-recurring financial charges66B | - | - | - | €171 | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €103,498 | €62,076 | €82,355 | €178,146 | €128,588 | €208,761 | €133,963 | €205,736 | ▲ 53.6% |
| Income taxes67/77 | €29,768 | €26,170 | €31,508 | €51,387 | €42,581 | €63,086 | €41,823 | €47,925 | ▲ 14.6% |
| Profit (loss) for the period9904 | €73,729 | €35,906 | €50,847 | €126,759 | €86,007 | €145,674 | €92,140 | €157,811 | ▲ 71.3% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | - | €84,200 | - |
| Profit (loss) for the period to be appropriated9905 | €73,729 | €35,906 | €50,847 | €126,759 | €86,007 | €145,674 | €92,140 | €73,611 | ▼ 20.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.9m | €1.7m | €1.8m | €2.0m | €1.9m | €1.9m | €2.1m | €2.1m | ▲ 0.5% |
| Fixed assets21/28 | €0.8m | €0.7m | €0.6m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 2.7% |
| Tangible fixed assets22/27 | €0.8m | €0.7m | €0.6m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 2.7% |
| Land and buildings22 | - | - | - | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 12.4% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.01m | €0.01m | €0.007m | €0.03m | ▲ 319% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 0.6% |
| Current assets29/58 | €1.1m | €1.0m | €1.2m | €1.5m | €1.4m | €1.5m | €1.6m | €1.7m | ▲ 1.4% |
| Stocks and contracts in progress3 | €0.4m | €0.3m | €0.1m | €0.2m | €0.3m | €0.2m | €0.3m | €0.3m | ▲ 20.2% |
| Stocks30/36 | - | - | - | €0.2m | €0.3m | €0.2m | €0.3m | €0.3m | ▲ 20.2% |
| Amounts receivable within one year40/41 | €0.6m | €0.6m | €0.8m | €0.8m | €0.9m | €0.8m | €0.6m | €0.8m | ▲ 40.9% |
| Trade receivables40 | - | - | - | €0.8m | €0.9m | €0.8m | €0.6m | €0.8m | ▲ 43.5% |
| Other amounts receivable41 | - | - | - | €0.003m | €0.002m | €0.02m | €0.02m | €0.009m | ▼ 47.8% |
| Cash at bank and in hand54/58 | €0.1m | €0.07m | €0.3m | €0.5m | €0.3m | €0.4m | €0.8m | €0.5m | ▼ 33.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | - | - | €308 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.9m | €1.7m | €1.8m | €2.0m | €1.9m | €1.9m | €2.1m | €2.1m | ▲ 0.5% |
| Equity10/15 | €1.1m | €1.1m | €1.2m | €1.3m | €1.4m | €1.5m | €1.6m | €1.8m | ▲ 9.7% |
| Contributions10/11 | €0.6m | €0.6m | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €0.5m | €0.5m | €0.6m | €0.7m | €0.8m | €0.9m | €1.0m | €1.2m | ▲ 15.7% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.01m | €0.01m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | - | - | - | €0.08m | - |
| Distributable reserves133 | - | - | - | €0.7m | €0.8m | €0.9m | €1.0m | €1.1m | ▲ 7.3% |
| Provisions and deferred taxes16 | - | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Provisions for liabilities and charges160/5 | - | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Other liabilities and charges164/5 | - | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Amounts payable17/49 | €0.8m | €0.6m | €0.6m | €0.7m | €0.5m | €0.4m | €0.5m | €0.3m | ▼ 30.3% |
| Amounts payable after more than one year17 | €0.1m | €0.07m | €0.02m | €0 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.7m | €0.5m | €0.6m | €0.7m | €0.5m | €0.4m | €0.5m | €0.3m | ▼ 30.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0 | - | - | - | - |
| Financial debts43 | - | - | - | €0.1m | €0 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0.1m | €0 | - | - | - | - |
| Trade debts44 | €0.1m | €0.1m | €0.2m | €0.4m | €0.4m | €0.3m | €0.4m | €0.2m | ▼ 46.1% |
| Suppliers440/4 | - | - | - | €0.4m | €0.4m | €0.3m | €0.4m | €0.2m | ▼ 46.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.08m | €0.09m | €0.1m | ▲ 31.4% |
| Taxes450/3 | - | - | - | €0.04m | €0.06m | €0.007m | €0.002m | €0.04m | ▲ 21× |
| Remuneration and social security454/9 | - | - | - | €0.06m | €0.08m | €0.07m | €0.09m | €0.08m | ▼ 10.5% |
| Other amounts payable47/48 | - | - | - | €0.05m | €0.02m | €0 | €0.002m | €0.01m | ▲ 500% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73,729 | €35,906 | €50,847 | €126,759 | €86,007 | €145,674 | €92,140 | €157,811 | ▲ 71.3% |
| + Depreciation and write-downs630 | €129,472 | €130,307 | €130,766 | €124,865 | €80,548 | €85,543 | €95,243 | €99,597 | ▲ 4.6% |
| Operating cash flow (approximation) | €203,201 | €166,213 | €181,613 | €251,625 | €166,555 | €231,217 | €187,383 | €257,408 | ▲ 37.4% |
| Investment in fixed assets (approximation) | - | -€41,828 | -€28,167 | -€36,762 | -€106,993 | -€58,309 | -€100,619 | -€86,647 | ▲ 13.9% |
| Change in cash | - | -€63,524 | €253,228 | €173,638 | -€241,880 | €170,034 | €375,228 | -€266,149 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-06-2026 | 2026-00183987 |
| 31-12-2024 | abbreviated format | 16-07-2025 | 2025-00290388 |
| 31-12-2023 | abbreviated format | 17-06-2024 | 2024-00134537 |
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00211723 |
| 31-12-2021 | abbreviated format | 21-06-2022 | 2022-20076755 |
| 31-12-2020 | abbreviated format | 28-06-2021 | 2021-25800087 |
| 31-12-2019 | abbreviated format | 03-07-2020 | 2020-25800261 |
| 31-12-2018 | abbreviated format | 14-06-2019 | 2019-18800433 |
| 31-12-2017 | abbreviated format | 29-06-2018 | 2018-25400308 |
| 31-12-2016 | abbreviated format | 13-06-2017 | 2017-16700385 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2025 · 2 entries · €4,610 awarded · €4,610 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DEGEZELLE Didier |
|
| DEGEZELLE Joris |
|
Owners and capital
Capital and shareholders
- 25-08-2023 Converted to unavailable equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
25-08
Gazette deed
Resignations: DEGEZELLE Joris (manager) and DEGEZELLE Didier (manager)Appointments: DEGEZELLE Joris (director) and DEGEZELLE Didier (director) · Amendment of the articles · Capital conversion13 facts ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen statutair onbeschikbare eigen vermogensrekening en beschikbaar maken voor uitkering, vormen en meerderheden statutenwijziging” (deed in Dutch)
- Purpose change
- Other provision, “ontvangst verslag en staat en neerlegging, aanwezige aandeelhouders erkennen afschrift verslag en staat van activa en passiva ontvangen en kennis genomen” (deed in Dutch)
- Capital
- Director resignation, DEGEZELLE Joris (manager)
- Director resignation, DEGEZELLE Didier (manager)
- Director appointment, DEGEZELLE Joris (director (not named in the articles))
- Director appointment, DEGEZELLE Didier (director (not named in the articles))
- Other provision, “uitoefening mandaat, kwijting ontslagnemende zaakvoerder(s)” (deed in Dutch)
- +1 further fact in this act
About the unread acts
Of the 9 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34038A0124/00G002 | Flanders | 2,390 m² | 1 · 1,137 m² | 7.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Aan- en verkoop,import en export,groothandel,verhuur en herstellingen van goederen en producten in het algemeen en inzonderheid…” (deed in Dutch)
25 activities (deed in Dutch)
- Aan- en verkoop,import en export,groothandel,verhuur en herstellingen van goederen en producten in het algemeen en inzonderheid bouwtechnische materialen,gereedschappen,machines,niet beperkend.
- Productie van diamantgereedschap en machines;
- Het verlenen van bouwtechnisch advies;
- Groot-en kleinhandel in bouwmaterialen,algemeen en gespecialiseerd assortiment;
- Detailhandel in ijzerwaren en gereedschappen;
- Verhuur van machines en gereedschappen voor bouwnijverheid met of zonder personeel;
- Detailhandel in overige bouwmaterialen;
- Diensten van transportonderneming;
- Het behandelen van alle soorten goederen,en onder andere het stockeren,het verpakken,het groeperen,de verdeling en de distributie er van;
- Het geven van gespecialiseerd advies en beroepsopleidingen;
- Dienstverlening na verkoop met betrekking tot voorgaande activiteiten;
- Groot-en kleinhandel in ruwe als gefabriceerde bouwmaterialen en het vervoer voor eigen rekening of voor rekening van derden van deze materialen;
- Het uitbaten of inrichten van restaurants,bistro’s spijshuizen,hotels,motels,snackbars,verbruiksalons,tearooms,cafés,bars,bodega’s en tavernes,evenals alle drankgelegenheden dienaangaande,met al of niet alcoholhoudende dranken en sterke dranken,wijnbars,feestzalen,kortom alle activiteiten in de horecasector en horecadiensten in de ruimste zin van het woord;
- De inrichting,uitbating en organisatie van traiteurdiensten en catering,verschaffen en verzorgen van bereide maaltijden en alle vervoer in verband met deze maaltijden,voor afhaal of op verplaatsing;
- Het organiseren van demonstratie-en degustatiesessies,workshops,seminaries,vergaderingen,tentoonstellingen en beurzen;
- Alle industriële,commerciële,financiële,roerende en onroerende activiteiten die rechtstreeks of onrechtstreeks betrekking hebben op de aankoop,de verkoop,de ruiling,de verkaveling,de realisatie,de studie,de coördinatie,het beheer van onroerende goederen alsook de promotie onder eender welke vorm in de onroerende sector;
- Bijstand en diensten verlenen,rechtstreeks of onrechtstreeks,op het vlak van bedrijfsbeheer in de ruime zin van het woord,waaronder bedrijfsorganisatie,managementtechnieken en –adviezen,personeelszaken,administratie en financiën,productie,verkoop en marketing,en algemeen bestuur;
- Handel in onroerende goederen;
- De aankoop,verkoop en ruiling,het beheer en de valorisatie van haar eigen roerend patrimonium,bestaande uit onder meer waardepapieren,aandelen,obligaties,staatsfondsen en van alle roerende goederen en rechten,inbegrepen handelszaken;
- Het verwerven en beheren van participaties,in eender welke vorm,in alle bestaande of op te richten vennootschappen,ondernemingen,economische samenwerkingsverbanden,beroepsverenigingen of groeperingen,evenals het verlenen van alle managementbijstand en het uitoefenen van alle bestuursmandaten,volmachtdrager,mandataris of vereffenaar en het ter beschikking stellen van personen gespecialiseerd in het adviseren en/of besturen van ondernemingen,dit alles in de meest ruime zin;
- Het stimuleren,de planning en coördinatie van de ontwikkeling van vennootschappen en ondernemingen;het deelnemen aan het beheer,bestuur en toezicht van alsmede het verlenen van technische,administratieve en financiële bijstand aan vennootschappen en ondernemingen waarin zij rechtstreeks of onrechtstreeks enig belang heeft;
- In het raam van haar thesauriebeheer,het rechtstreeks uitvoeren of door toedoen van vestigingen in België of in het buitenland van trading- en deviezenoperaties en de tussenkomst in de emissie en plaatsing van aandelen,obligaties en allerhande effecten;
- Alle verbintenissen van borgtocht,aval of van eender welke garanties;het verstrekken van leningen,voorschotten of borgstellingen.De vennootschap mag ten voordele van derden tevens waarborgen toestaan,alle roerende waarden verpanden en alle onroerende goederen met hypotheek bezwaren.
- Het beheren van een eigen onroerend patrimonium en het valoriseren van dit patrimonium vooral door beheersdaden,zoals onroerende goederen verwerven,laten bouwen en verbouwen,laten opschikken,laten uitrusten,ombouwen,verfraaien,in huur geven of nemen,in leasing geven of nemen,verkavelen,onderhouden,ontwikkelen en uitbaten,urbaniseren,vervreemden en ruilen met het oog op beheer,wederbelegging en opbrengst.De activiteit van vastgoedmakelaar zal niet mogen uitgeoefend worden.
- Projectontwikkeling in de bouw en toezicht op de bouwwerkzaamheden
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SL-SOLUTION
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen, algemene vergadering die benoemt bepaalt aantal,duur,bevoegdheid” (deed in Dutch)1 more provision on this in the deed
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, 27” (deed in Dutch)