SOL & STYLE
ActiveSummary
The computed 12-month bankruptcy probability of SOL & STYLE is 12.1% (high). The 2024 annual accounts show negative equity (-€103,931) and a net result of -€13,998. Equity is shrinking by ~47.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 9976 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record84
Bankruptcy probability, 12 months
12.1%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.36 against 0.2 in 2023; short-term debt: 262.5% and cash: 0% of total assets), and equity is negative.
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Signals
Nine signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-162.5%
Return on assets
-21.9%
Age of the figures
21 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€103,931
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-09-2025, 50 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
50 d late
2023
334 d late
2022
29 d late
2021
12 d late
2020
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 86 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
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 trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, micro schema
Equity
-€103,931▼ 15.6%
2023 · -€89,933
Total assets
€63,952▲ 158%
2023 · €24,747
Net result
-€13,998▲ 56.4%
2023 · -€32,095
Working capital
-€107,803▼ 17.6%
2023 · -€91,650
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€12,050--€49,383-€18,168▲ 63.2%-€31,289▼ 72.2%-€11,582▲ 63.0%
Net result€9,364--€49,956-€19,246▲ 61.5%-€32,095▼ 66.8%-€13,998▲ 56.4%
Equity€11,364--€38,592-€57,838▼ 49.9%-€89,933▼ 55.5%-€103,931▼ 15.6%
Total assets€33,495-€28,893▼ 13.7%€15,061▼ 47.9%€24,747▲ 64.3%€63,952▲ 158%
Debt€22,131-€67,486▲ 205%€72,898▲ 8.0%€114,680▲ 57.3%€167,883▲ 46.4%
Working capital€5,387--€43,149-€60,975▼ 41.3%-€91,650▼ 50.3%-€107,803▼ 17.6%
Staff (FTE)1.1-1.9▲ 72.7%1▼ 47.4%1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,582 in 2024 against €31,289 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €63,952
Fixed assets
€3,872 ▲ 125%
Current assets
€60,080 ▲ 161%
Key figures and ratios
EBITDA
-€11,237▲
2023 · -€29,869
Cash flow
-€13,653▲
2023 · -€30,675
Solvency
-162.5%▲
2023 · -363.4%
Current ratio
0.36▲
2023 · 0.20
Debt to equity
-1.62▼
2023 · -1.28
ROA
-21.9%▲
2023 · -129.7%
Interest coverage
-4.95▲
2023 · -25.53
Debt ≤ 1 year
€167,883▲
2023 · €114,680
Income taxes
€148▲
2023 · €136
Staff costs
€46,165▲
2023 · €41,935
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 12.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,035 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €54,314 | €40,609 | €41,935 | €46,165 | ▲ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,245 | €1,420 | €1,420 | €1,420 | €345 | ▼ 75.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3,597 | €2,128 | - | - |
| Other operating charges640/8 | - | €3,484 | €1,855 | €16,259 | €4,714 | ▼ 71.0% |
| Gross operating margin9900 | €56,453 | €9,835 | €29,313 | €30,453 | €39,642 | ▲ 30.2% |
| Operating profit (loss)9901 | €12,050 | -€49,383 | -€18,168 | -€31,289 | -€11,582 | ▲ 63.0% |
| Financial income75/76B | - | €0 | €131 | €499 | €1 | ▼ 99.9% |
| Recurring financial income75 | - | €0 | €131 | €499 | €1 | ▼ 99.9% |
| Financial charges65/66B | - | €573 | €856 | €1,170 | €2,269 | ▲ 93.9% |
| Recurring financial charges65 | €80 | €573 | €856 | €1,170 | €2,269 | ▲ 93.9% |
| Profit (loss) for the period before taxes9903 | €11,970 | -€49,956 | -€18,893 | -€31,959 | -€13,850 | ▲ 56.7% |
| Income taxes67/77 | €2,606 | - | €352 | €136 | €148 | ▲ 8.9% |
| Profit (loss) for the period9904 | €9,364 | -€49,956 | -€19,246 | -€32,095 | -€13,998 | ▲ 56.4% |
| Profit (loss) for the period to be appropriated9905 | €9,364 | -€49,956 | -€19,246 | -€32,095 | -€13,998 | ▲ 56.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,495 | €28,893 | €15,061 | €24,747 | €63,952 | ▲ 158% |
| Fixed assets21/28 | €5,977 | €4,557 | €3,137 | €1,717 | €3,872 | ▲ 125% |
| Intangible fixed assets21 | €691 | €521 | €351 | €181 | - | - |
| Tangible fixed assets22/27 | €3,914 | €2,664 | €1,414 | €164 | - | - |
| Furniture and vehicles24 | - | €2,664 | €1,414 | €164 | - | - |
| Financial fixed assets28 | €1,372 | €1,372 | €1,372 | €1,372 | €3,872 | ▲ 182% |
| Current assets29/58 | €27,518 | €24,336 | €11,923 | €23,030 | €60,080 | ▲ 161% |
| Amounts receivable within one year40/41 | €1,815 | €14,271 | €7,161 | €21,365 | €60,076 | ▲ 181% |
| Trade receivables40 | - | €13,864 | €4,147 | €18,265 | €59,213 | ▲ 224% |
| Other amounts receivable41 | - | €407 | €3,015 | €3,100 | €863 | ▼ 72.2% |
| Cash at bank and in hand54/58 | €25,558 | €10,065 | €4,646 | €1,270 | €4 | ▼ 99.7% |
| Deferred charges and accrued income490/1 | - | - | €116 | €394 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,495 | €28,893 | €15,061 | €24,747 | €63,952 | ▲ 158% |
| Equity10/15 | €11,364 | -€38,592 | -€57,838 | -€89,933 | -€103,931 | ▼ 15.6% |
| Contributions10/11 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €9,364 | -€40,592 | -€59,838 | -€91,933 | -€105,931 | ▼ 15.2% |
| Amounts payable17/49 | €22,131 | €67,486 | €72,898 | €114,680 | €167,883 | ▲ 46.4% |
| Amounts payable within one year42/48 | €22,131 | €67,486 | €72,898 | €114,680 | €167,883 | ▲ 46.4% |
| Trade debts44 | €9,839 | €34,521 | €29,168 | €54,608 | €51,872 | ▼ 5.0% |
| Suppliers440/4 | - | €34,521 | €29,168 | €54,608 | €51,872 | ▼ 5.0% |
| Taxes, remuneration and social security45 | - | €16,289 | €6,704 | €10,205 | €29,104 | ▲ 185% |
| Taxes450/3 | - | €4,155 | €2,319 | €4,751 | €11,980 | ▲ 152% |
| Remuneration and social security454/9 | - | €12,134 | €4,385 | €5,454 | €17,124 | ▲ 214% |
| Other amounts payable47/48 | - | €16,676 | €37,026 | €49,867 | €86,907 | ▲ 74.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,364 | -€49,956 | -€19,246 | -€32,095 | -€13,998 | ▲ 56.4% |
| + Depreciation and write-downs630 | €1,245 | €1,420 | €1,420 | €1,420 | €345 | ▼ 75.7% |
| Operating cash flow (approximation) | €10,609 | -€48,536 | -€17,826 | -€30,675 | -€13,653 | ▲ 55.5% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | €0 | -€2,500 | - |
| Change in cash | - | -€15,493 | -€5,420 | -€3,375 | -€1,267 | ▲ 62.5% |
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
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 50 days late
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 334 days late
27-06
KBO administration
Address strikeout annulled
20-06
KBO administration
Address struck
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Weakest financial yearnet -€49,956
Net result drops to -€49,956, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ecaussinnes · 1 establishment unit since 2020
Ground area
5,436 m²
Building footprint
1,973 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
SOL & STYLE
since 20202.297.449.849
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55040A0244/00E000 | Wallonia | 4,918 m² | 1 · 1,894 m² | - |
| 55008A0615/00F000 | Wallonia | 517 m² | 1 · 79 m² | - |
Linked by address, not proof of ownership
Good to know
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 29,787 companies in sector 41001 we hold annual accounts for 16,042. 9,748 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
Founded16-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43310Plastering work
43320Joinery installation
86994Podiatry and foot care
Contact
Website
www.sol-et-style.be
E-mail
administration@sol-et-style.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0739662018
Registered
29-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.