SOL B
ActiveSummary
SOL B has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.5m and a net result of €1.0m. Equity is growing by about 13% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2025, unclassified schema
In the rankings
#3 company by total assets in Lessines, Manufacturing sector#3 company by equity in Lessines, Manufacturing sector#4 oldest company in Lessines, Manufacturing sector
Turnover
€12.9m▲ 2.2%
2024 · €12.7m
EBIT margin
10.1%▼ 0.4pp
2024 · 10.5%
Net result
€1.0m▼ 19.6%
2024 · €1.3m
Working capital
€246,101
2024 · -€567,603
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 2% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€12.9m
2025
Operating result€1.3m
2025
Net result€1.0m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€13.4m
2025
Equity€8.5m
2025
Debt€4.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.2m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin10.1%
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)24.3
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€13.2m-€10.5m▼ 20.0%€9.6m▼ 8.7%€10.5m▲ 9.5%€12.9m▲ 22.0%€12.4m▼ 3.2%€12.7m▲ 1.6%€12.9m▲ 2.2%
Operating result€0.3m-€0.06m▼ 80.7%€0.4m▲ 646%€0.9m▲ 123%€0.4m▼ 60.1%€0.7m▲ 95.6%€1.3m▲ 85.6%€1.3m▼ 1.6%
Net result€0.2m-€0.1m▼ 54.7%€0.4m▲ 265%€0.9m▲ 135%€0.3m▼ 62.8%€0.7m▲ 110%€1.3m▲ 82.6%€1.0m▼ 19.6%
EBIT margin2.2%-0.5%▼ 1.6pp4.3%▲ 3.8pp8.7%▲ 4.4pp2.9%▼ 5.9pp5.8%▲ 2.9pp10.5%▲ 4.8pp10.1%▼ 0.4pp
Equity€3.8m-€3.9m▲ 2.7%€4.2m▲ 9.8%€5.1m▲ 21.0%€5.5m▲ 6.4%€6.2m▲ 12.8%€7.4m▲ 20.7%€8.5m▲ 13.8%
Total assets€15.7m-€15.3m▼ 2.3%€13.3m▼ 13.1%€12.6m▼ 5.1%€13.9m▲ 9.8%€13.2m▼ 4.6%€13.3m▲ 0.4%€13.4m▲ 1.0%
Debt€11.9m-€11.4m▼ 3.9%€9.0m▼ 20.8%€7.5m▼ 17.3%€8.4m▲ 12.1%€7.0m▼ 16.0%€5.8m▼ 17.3%€4.9m▼ 15.2%
Working capital-€6.0m--€5.2m▲ 14.0%-€4.2m▲ 18.2%-€2.8m▲ 34.2%-€2.6m▲ 6.7%-€2.2m▲ 16.7%-€0.6m▲ 73.7%€0.2m
Staff (FTE)28.4-27.2▼ 4.2%25.3▼ 7.0%23.5▼ 7.1%23.2▼ 1.3%25▲ 7.8%23.3▼ 6.8%24.3▲ 4.3%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.4m
Fixed assets
€8.4m ▲ 2.2%
Current assets
€5.0m ▼ 0.8%
Equity and liabilities €13.4m
Equity
€8.5m ▲ 13.8%
Debt
€4.9m ▼ 15.2%
Debt's share of the balance-sheet total falls from 43.9% to 36.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.9m▼
2024 · €3.0m
Cash flow
€2.6m▼
2024 · €2.9m
Current ratio
1.05▲
2024 · 0.90
Quick ratio
0.90▲
2024 · 0.79
Debt to equity
0.58▼
2024 · 0.78
ROE
12.1%▼
2024 · 17.1%
ROA
7.6%▼
2024 · 9.6%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€4.8m▼
2024 · €5.6m
Income taxes
€253,267▲
2024 · €47,353
Staff costs
€2.2m▲
2024 · €2.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95.0%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,445 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 20,136 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €10.8m | €13.2m | €12.7m | €12.9m | €13.2m | ▲ 2.1% |
| Turnover70 | €13.2m | €10.5m | €9.6m | €10.5m | €12.9m | €12.4m | €12.7m | €12.9m | ▲ 2.2% |
| Other operating income74 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 10.3% |
| Non-recurring operating income76A | - | - | - | €0.06m | €0.1m | €0.05m | €0.03m | €0.05m | ▲ 67.5% |
| Operating charges60/66A | - | - | - | €9.9m | €12.8m | €12.0m | €11.6m | €11.9m | ▲ 2.5% |
| Goods for resale, raw materials and consumables60 | - | - | - | €4.0m | €6.6m | €5.1m | €3.6m | €3.7m | ▲ 3.1% |
| Purchases600/8 | - | - | - | €4.0m | €6.7m | €5.2m | €3.6m | €3.8m | ▲ 5.6% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.01m | -€0.09m | -€0.06m | €0.02m | -€0.07m | - |
| Services and other goods61 | - | - | - | €2.1m | €2.4m | €2.9m | €3.9m | €4.1m | ▲ 4.5% |
| Remuneration, social security and pensions62 | - | - | - | €2.0m | €2.0m | €2.2m | €2.2m | €2.2m | ▲ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.7m | €1.7m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | ▼ 0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.03m | -€0.3m | €0.006m | €0.003m | -€0.007m | - |
| Other operating charges640/8 | - | - | - | €0.2m | €0.4m | €0.3m | €0.2m | €0.2m | ▲ 8.9% |
| Non-recurring operating charges66A | - | - | - | - | €0.2m | - | €0.03m | €0.002m | ▼ 92.2% |
| Operating profit (loss)9901 | €0.3m | €0.06m | €0.4m | €0.9m | €0.4m | €0.7m | €1.3m | €1.3m | ▼ 1.6% |
| Financial income75/76B | - | - | - | €0.02m | €0.02m | €0.04m | €0.03m | €0.02m | ▼ 39.7% |
| Recurring financial income75 | €0.02m | €0.07m | €0.02m | €0.02m | €0.02m | €0.04m | €0.03m | €0.02m | ▼ 39.7% |
| Other financial income752/9 | - | - | - | €0.02m | €0.02m | €0.04m | €0.03m | €0.02m | ▼ 39.7% |
| Financial charges65/66B | - | - | - | €0.04m | €0.05m | €0.06m | €0.04m | €0.05m | ▲ 24.2% |
| Recurring financial charges65 | €0.04m | €0.08m | €0.05m | €0.04m | €0.05m | €0.06m | €0.04m | €0.05m | ▲ 24.2% |
| Debt charges650 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.01m | €0.02m | €0.02m | ▼ 12.6% |
| Other financial charges652/9 | - | - | - | €0.03m | €0.04m | €0.04m | €0.02m | €0.03m | ▲ 64.9% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.05m | €0.4m | €0.9m | €0.3m | €0.7m | €1.3m | €1.3m | ▼ 3.4% |
| Transfer from deferred taxes780 | - | - | - | €0.001m | €0.001m | €0.001m | - | - | - |
| Income taxes67/77 | €0.04m | -€0.06m | €0.002m | €0.003m | €0.003m | €0.004m | €0.05m | €0.3m | ▲ 435% |
| Taxes670/3 | - | - | - | €0.003m | €0.003m | €0.004m | €0.05m | €0.3m | ▲ 441% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | - | - | €0.003m | - |
| Profit (loss) for the period9904 | €0.2m | €0.1m | €0.4m | €0.9m | €0.3m | €0.7m | €1.3m | €1.0m | ▼ 19.6% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.1m | €0.4m | €0.9m | €0.3m | €0.7m | €1.3m | €1.0m | ▼ 19.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €15.7m | €15.3m | €13.3m | €12.6m | €13.9m | €13.2m | €13.3m | €13.4m | ▲ 1.0% |
| Fixed assets21/28 | €9.9m | €9.2m | €8.6m | €8.1m | €8.2m | €8.5m | €8.2m | €8.4m | ▲ 2.2% |
| Intangible fixed assets21 | €0.007m | €0.005m | €0.003m | €0.002m | €422 | €0.008m | €0.02m | €0.01m | ▼ 24.1% |
| Tangible fixed assets22/27 | €9.7m | €9.0m | €8.4m | €7.9m | €8.0m | €8.3m | €8.0m | €8.2m | ▲ 2.2% |
| Land and buildings22 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 4.2% |
| Plant, machinery and equipment23 | - | - | - | €7.3m | €7.4m | €7.7m | €7.5m | €7.6m | ▲ 2.1% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.03m | €0.04m | €0.04m | €0.06m | ▲ 27.4% |
| Other tangible fixed assets26 | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | ▼ 18.0% |
| Assets under construction and advance payments27 | - | - | - | - | - | - | €0.005m | €0.04m | ▲ 624% |
| Financial fixed assets28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 2.6% |
| Other financial fixed assets284/8 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 2.6% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 2.6% |
| Current assets29/58 | €5.7m | €6.1m | €4.7m | €4.5m | €5.7m | €4.7m | €5.1m | €5.0m | ▼ 0.8% |
| Stocks and contracts in progress3 | €0.5m | €0.5m | €0.5m | €0.5m | €0.6m | €0.7m | €0.6m | €0.7m | ▲ 10.6% |
| Stocks30/36 | - | - | - | €0.5m | €0.6m | €0.7m | €0.6m | €0.7m | ▲ 10.6% |
| Raw materials and consumables30/31 | - | - | - | €0.5m | €0.6m | €0.7m | €0.6m | €0.7m | ▲ 10.6% |
| Amounts receivable within one year40/41 | €4.3m | €4.7m | €3.6m | €3.4m | €4.5m | €3.6m | €3.4m | €3.7m | ▲ 8.5% |
| Trade receivables40 | - | - | - | €3.1m | €4.2m | €3.2m | €3.1m | €3.2m | ▲ 1.8% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.3m | €0.4m | €0.3m | €0.5m | ▲ 89.0% |
| Cash at bank and in hand54/58 | €0.8m | €0.8m | €0.4m | €0.4m | €0.4m | €0.3m | €0.9m | €0.5m | ▼ 46.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 4.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €15.7m | €15.3m | €13.3m | €12.6m | €13.9m | €13.2m | €13.3m | €13.4m | ▲ 1.0% |
| Equity10/15 | €3.8m | €3.9m | €4.2m | €5.1m | €5.5m | €6.2m | €7.4m | €8.5m | ▲ 13.8% |
| Contributions10/11 | €5.5m | €5.5m | - | €5.9m | €5.9m | €5.5m | €5.5m | €5.5m | = |
| Reserves13 | €0.4m | €0.4m | - | - | - | €0.4m | €0.4m | €0.4m | = |
| Non-distributable reserves130/1 | - | - | - | - | - | €0.4m | €0.4m | €0.4m | = |
| Reserves not available under the articles1311 | - | - | - | - | - | €0.4m | €0.4m | €0.4m | = |
| Profit (loss) carried forward14 | -€2.1m | -€2.0m | -€1.6m | -€0.7m | -€0.4m | €0.3m | €1.6m | €2.6m | ▲ 64.8% |
| Investment grants15 | - | - | - | €0.002m | €0.001m | €60 | - | - | - |
| Provisions and deferred taxes16 | €0.003m | €0.002m | €0.002m | €0.001m | €0.001m | - | - | - | - |
| Deferred taxes168 | - | - | - | €0.001m | €0.001m | - | - | - | - |
| Amounts payable17/49 | €11.9m | €11.4m | €9.0m | €7.5m | €8.4m | €7.0m | €5.8m | €4.9m | ▼ 15.2% |
| Amounts payable within one year42/48 | €11.7m | €11.3m | €8.9m | €7.3m | €8.3m | €6.9m | €5.6m | €4.8m | ▼ 15.2% |
| Trade debts44 | €10.9m | €11.0m | €8.6m | €6.9m | €8.0m | €6.5m | €5.3m | €4.4m | ▼ 17.2% |
| Suppliers440/4 | - | - | - | €6.9m | €8.0m | €6.5m | €5.3m | €4.4m | ▼ 17.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.3m | €0.4m | €0.3m | €0.3m | ▲ 25.2% |
| Taxes450/3 | - | - | - | €0.1m | €0.09m | €0.1m | €0.1m | €0.1m | ▲ 38.7% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | ▲ 17.4% |
| Other amounts payable47/48 | - | - | - | €0.02m | - | - | €0.009m | €0.01m | ▲ 9.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 16.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.1m | €0.4m | €0.9m | €0.3m | €0.7m | €1.3m | €1.0m | ▼ 19.6% |
| + Depreciation and write-downs630 | €1.7m | €1.7m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | ▼ 0.8% |
| Operating cash flow (approximation) | €1.9m | €1.8m | €2.0m | €2.5m | €1.9m | €2.3m | €2.9m | €2.6m | ▼ 9.1% |
| Investment in fixed assets (approximation) | - | -€0.9m | -€1.1m | -€1.2m | -€1.7m | -€1.9m | -€1.4m | -€1.8m | ▼ 31.0% |
| Change in cash | - | -€0.04m | -€0.3m | €0.01m | €0.008m | -€0.1m | €0.5m | -€0.4m | - |
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 36 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | unclassified schema | 13-05-2026 | 2026-00111710 |
| 31-12-2024 | unclassified schema | 11-06-2025 | 2025-00142553 |
| 31-12-2023 | unclassified schema | 14-05-2024 | 2024-00089331 |
| 31-12-2022 | unclassified schema | 21-04-2023 | 2023-00064288 |
| 31-12-2021 | unclassified schema | 17-05-2022 | 2022-20029220 |
| 31-12-2020 | unclassified schema | 27-04-2021 | 2021-11400389 |
| 31-12-2019 | full format | 04-05-2020 | 2020-11600256 |
| 31-12-2018 | full format | 15-04-2019 | 2019-10000062 |
| 31-12-2017 | full format | 07-05-2018 | 2018-12200184 |
| 31-12-2016 | full format | 22-05-2017 | 2017-13100508 |
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Of the 42 active companies whose main activity is manufacture of chemicals and chemical products (NACE 20110), figures are known for 33. 14 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts
13 awards · 2024 to 2026
Raamovereenkomst voor chemicaliën en gassen: GASSEN
Vloeibare gassen: 24065 - 1
Gassen in cilinders: 24064 - 1
Gassen in cilinders: 24064 - 3
Gassen in cilinders: 24064 - 4
Show 8 more contracts
Een meerjarige overeenkomst (48 maanden) voor de aankoop van samengeperste en vloeibaar gemaakte gassen voor algemeen gebruik; het huren van gasflessen, eigendom van de leverancier, voor deze gassen en het huren van reservoirs voor de opslag van vloeibare gassen in bulk.: 24SD570 - 2
Een meerjarige overeenkomst (48 maanden) voor de aankoop van samengeperste en vloeibaar gemaakte gassen voor algemeen gebruik; het huren van gasflessen, eigendom van de leverancier, voor deze gassen en het huren van reservoirs voor de opslag van vloeibare gassen in bulk.: 24SD570 - 5
FOURNITURE D'OXYGENE, DE PROTOXYDE D'AZOTE ET AUTRES TYPES DE GAZ EN BOUTEILLES 2024-2028: Analyses pharmacopées supplémentaires
ACCORD-CADRE POUR LA FOURNITURE DE GAZ POUR LABORATOIRE: 2024/WASO/TWW/11 - 1
Een meerjarige overeenkomst (48 maanden) voor de aankoop van samengeperste en vloeibaar gemaakte gassen voor algemeen gebruik; het huren van gasflessen, eigendom van de leverancier, voor deze gassen en het huren van reservoirs voor de opslag van vloeibare gassen in bulk.: 24SD570 - 1
Een meerjarige overeenkomst (48 maanden) voor de aankoop van samengeperste en vloeibaar gemaakte gassen voor algemeen gebruik; het huren van gasflessen, eigendom van de leverancier, voor deze gassen en het huren van reservoirs voor de opslag van vloeibare gassen in bulk.: 24SD570 - 6
Een meerjarige overeenkomst (48 maanden) voor de aankoop van samengeperste en vloeibaar gemaakte gassen voor algemeen gebruik; het huren van gasflessen, eigendom van de leverancier, voor deze gassen en het huren van reservoirs voor de opslag van vloeibare gassen in bulk.: 24SD570 - 1
Een meerjarige overeenkomst (48 maanden) voor de aankoop van samengeperste en vloeibaar gemaakte gassen voor algemeen gebruik; het huren van gasflessen, eigendom van de leverancier, voor deze gassen en het huren van reservoirs voor de opslag van vloeibare gassen in bulk.: 24SD570 - 6
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.