Sol1
ActiveSummary
The computed 12-month bankruptcy probability of Sol1 is 1.9% (moderate). The 2025 annual accounts show equity of €119,951 and a net result of €91,586. Equity is growing by ~181.4% per year across the filed fiscal years. Its solvency ranks better than 12% of 37 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+8
Solvency35▲+7
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.49 against 0.28 in 2024; short-term debt: 56.2% and cash: 13.2% of total assets), and 90% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 30
Relative position
BE, all sectors
reference
Manufacture of other transport equipment (NACE 30)
about 67% 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 2025Solvency, return and age of the figures
Solvency
10%
Return on assets
7.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 37 sector peers (2025).
NBB · sector comparisonPosition among 37 sector peers
Solvency
better than 12%
← weakest
strongest →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
22 d early
2024
36 d late
2023
272 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 95 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 30% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 5 September (3 of the last 3 filed years within 237 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
On 18 August 2022, Sol1 was incorporated as a Private limited company.1 In 2026 the capital was increased by EUR 1 million.2 Norea Verhaeghe has served as director of the company since 2026.3 Total assets went from EUR 710,740 in 2023 to EUR 1.2 million in 2025 and headcount from 8.9 to 9.2 full-time equivalents.4
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Financials · fiscal year 2025, abbreviated schema
Equity
€119,951▲ 323%
2024 · €28,365
Total assets
€1.2m▲ 29.2%
2024 · €924,997
Net result
€91,586▲ 711%
2024 · €11,299
Working capital
-€344,950▲ 29.6%
2024 · -€490,100
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 30, Manufacture of other transport equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€27,620-€25,826▼ 6.5%€93,282▲ 261%
Net result€16,967within the sector's middle half-€11,299within the sector's middle half▼ 33.4%€91,586above the sector's middle half▲ 711%
Equity€17,067within the sector's middle half-€28,365within the sector's middle half▲ 66.2%€119,951within the sector's middle half▲ 323%
Total assets€710,740above the sector's middle half-€924,997above the sector's middle half▲ 30.1%€1.2mwithin the sector's middle half▲ 29.2%
Debt€693,674-€896,632▲ 29.3%€1.1m▲ 19.9%
Working capital-€218,234below the sector's middle half--€490,100below the sector's middle half▼ 125%-€344,950below the sector's middle half▲ 29.6%
Solvency2.4%within the sector's middle half-3.1%within the sector's middle half▲ 0.7pp10.0%below the sector's middle half▲ 7.0pp
Current ratio0.57below the sector's middle half-0.28below the sector's middle half▼ 0.300.49below the sector's middle half▲ 0.21
Return on assets (ROA)2.4%within the sector's middle half-1.2%within the sector's middle half▼ 1.2pp7.7%above the sector's middle half▲ 6.4pp
Staff (FTE)8.9-10▲ 12.4%9.2▼ 8.0%
above
within
below
the middle half (P25 to P75) of NACE 30, Manufacture of other transport equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 261% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€868,979 ▲ 18.1%
Current assets
€326,433 ▲ 72.4%
Equity and liabilities €1.2m
Equity
€119,951 ▲ 323%
Debt
€1.1m ▲ 19.9%
Debt's share of the balance-sheet total falls from 96.9% to 90.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€420,787▲
2024 · €264,748
Cash flow
€419,090▲
2024 · €250,220
Debt to equity
8.97▼
2024 · 31.61
ROE
76.4%▲
2024 · 39.8%
Interest coverage
281.66▲
2024 · 18.15
Debt ≤ 1 year
€671,383▼
2024 · €679,492
Debt > 1 year
€394,000▲
2024 · €59,292
Income taxes
€253
Staff costs
€1.0m▼
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.6%
went bankrupt
1.8%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% 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 497,341 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% | 1.0% |
| 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% 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 7,976 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €991,896 | €1.1m | €1.0m | ▼ 5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €117,845 | €238,921 | €327,504 | ▲ 37.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €9,550 | - | - | - |
| Other operating charges640/8 | €872 | €513 | €400 | ▼ 22.1% |
| Gross operating margin9900 | €1.1m | €1.4m | €1.5m | ▲ 6.9% |
| Operating profit (loss)9901 | €27,620 | €25,826 | €93,282 | ▲ 261% |
| Financial income75/76B | - | €59 | €50 | ▼ 15.6% |
| Recurring financial income75 | - | €59 | €50 | ▼ 15.6% |
| Financial charges65/66B | €3,381 | €14,587 | €1,494 | ▼ 89.8% |
| Recurring financial charges65 | €3,381 | €14,587 | €1,494 | ▼ 89.8% |
| Profit (loss) for the period before taxes9903 | €24,238 | €11,299 | €91,839 | ▲ 713% |
| Income taxes67/77 | €7,272 | - | €253 | - |
| Profit (loss) for the period9904 | €16,967 | €11,299 | €91,586 | ▲ 711% |
| Profit (loss) for the period to be appropriated9905 | €16,967 | €11,299 | €91,586 | ▲ 711% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €710,740 | €924,997 | €1.2m | ▲ 29.2% |
| Fixed assets21/28 | €416,301 | €735,606 | €868,979 | ▲ 18.1% |
| Intangible fixed assets21 | €400,406 | €716,336 | €852,146 | ▲ 19.0% |
| Tangible fixed assets22/27 | €15,895 | €19,270 | €16,833 | ▼ 12.6% |
| Plant, machinery and equipment23 | - | €18,382 | €16,833 | ▼ 8.4% |
| Furniture and vehicles24 | €15,895 | €888 | - | - |
| Current assets29/58 | €294,440 | €189,392 | €326,433 | ▲ 72.4% |
| Amounts receivable within one year40/41 | €256,409 | €113,564 | €168,752 | ▲ 48.6% |
| Trade receivables40 | €230,706 | €79,800 | €167,084 | ▲ 109% |
| Other amounts receivable41 | €25,703 | €33,764 | €1,668 | ▼ 95.1% |
| Cash at bank and in hand54/58 | €31,924 | €75,828 | €157,681 | ▲ 108% |
| Deferred charges and accrued income490/1 | €6,107 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €710,740 | €924,997 | €1.2m | ▲ 29.2% |
| Equity10/15 | €17,067 | €28,365 | €119,951 | ▲ 323% |
| Contributions10/11 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €16,967 | €28,265 | €119,851 | ▲ 324% |
| Amounts payable17/49 | €693,674 | €896,632 | €1.1m | ▲ 19.9% |
| Amounts payable after more than one year17 | €61,000 | €59,292 | €394,000 | ▲ 565% |
| Financial debts170/4 | €61,000 | €59,292 | €394,000 | ▲ 565% |
| Amounts payable within one year42/48 | €512,674 | €679,492 | €671,383 | ▼ 1.2% |
| Current portion of amounts payable after more than one year42 | €6,500 | - | - | - |
| Financial debts43 | - | - | €100,000 | - |
| Other loans439 | - | - | €100,000 | - |
| Trade debts44 | €332,704 | €484,347 | €394,444 | ▼ 18.6% |
| Suppliers440/4 | €332,704 | €484,347 | €394,444 | ▼ 18.6% |
| Taxes, remuneration and social security45 | €173,085 | €193,120 | €158,777 | ▼ 17.8% |
| Taxes450/3 | €7,272 | €7,272 | - | - |
| Remuneration and social security454/9 | €165,813 | €185,849 | €158,777 | ▼ 14.6% |
| Other amounts payable47/48 | €385 | €2,024 | €18,162 | ▲ 797% |
| Accrued charges and deferred income492/3 | €120,000 | €157,849 | €10,078 | ▼ 93.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,967 | €11,299 | €91,586 | ▲ 711% |
| + Depreciation and write-downs630 | €117,845 | €238,921 | €327,504 | ▲ 37.1% |
| Operating cash flow (approximation) | €134,812 | €250,220 | €419,090 | ▲ 67.5% |
| Investment in fixed assets (approximation) | - | -€558,226 | -€460,878 | ▲ 17.4% |
| Change in cash | - | €43,904 | €81,853 | ▲ 86.4% |
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
Next filing, fiscal year 2026, expected by
2026
30-09
State Gazette act
Appointment: Norea Verhaeghe (director)Auditor report · Capital increase · Capital contribution6 facts ▸
State Gazette act
Appointment: Norea Verhaeghe (director)
Auditor report · Capital increase · Capital contribution6 facts ▸
- General meeting, 23-09-2026
- Auditor report, 23-09-2026
- Capital increase
- Capital contribution, €2.500.000
- Capital
- Director appointment, Norea Verhaeghe (director)
11-08
State Gazette act
Algemene VergaderingCapital increase · Capital · Purpose change4 facts ▸
State Gazette act
Algemene Vergadering
Capital increase · Capital · Purpose change4 facts ▸
- General meeting, buitengewone algemene vergadering
- Capital increase, €1.000.061,93
- Capital
- Purpose change
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2023net €91,586 ▲711%
Operating result €93,282, net result €91,586, both a record.
31-12
Financial
Equity above €100,000Eq €119,951 ▲323%
3 profitable years in a row build equity to €119,951.
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 36 days late
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 272 days late
2024
31-12
Financial
Weakest financial yearnet €11,299 ▼33.4%
Net result drops to €11,299, the lowest in the series; recovery starts the following year.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Norea Verhaeghe
CurrentDirector · since 23-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 3 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2023
Ground area
6,856 m²
Building footprint
2,547 m²
Volume, LiDAR
35,399 m³
Parcel 31434C0037/00L007, Flanders · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
Sol1
since 20232.341.671.258
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0037/00L007 | Flanders | 6,856 m² | 1 · 2,547 m² | 18.2 m · 5 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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Norea Verhaeghe |
|
Articles of association
Who signs
“6) Artikel 10 wordt vervangen door volgende tekst: “De vennootschap wordt rechtsgeldig vertegenwoordigd door: - hetzij door iedere gedelegeerd-bestuurder alleen optredend; - hetzij door twee bestuurders gezamenlijk optredend.” VOOR GELIJKVORMIG UITTREKSEL, DE NOTARIS, Gwen Daniels Tegelijk hiermee…”
Full text
6) Artikel 10 wordt vervangen door volgende tekst: “De vennootschap wordt rechtsgeldig vertegenwoordigd door: - hetzij door iedere gedelegeerd-bestuurder alleen optredend; - hetzij door twee bestuurders gezamenlijk optredend.” VOOR GELIJKVORMIG UITTREKSEL, DE NOTARIS, Gwen Daniels Tegelijk hiermee neergelegd: - uitgifte van voormeld P.V. van buitengewone algemene vergadering; - historiek en gecoördineerde statuten
Annual meeting
First Friday of June at 18:00
Purpose
Het ontwikkelen van voertuigen, waaronder alle vormen van drones, alsook gerelateerde producten zoals al dan niet geautomatiseerde opslag van voertuigen, transportcontainers voor…
Full purpose (9 activities)
- Het ontwikkelen van voertuigen, waaronder alle vormen van drones, alsook gerelateerde producten zoals al dan niet geautomatiseerde opslag van voertuigen, transportcontainers voor voertuigen, en alle andere voertuiggerelateerde producten en dienstverlening. Onder voertuigen wordt begrepen alle vervoermiddelen, ongeacht vervoer in/over/onder land, water, lucht, ruimte of elders;
- Het ontwikkelen van onderdelen van voertuigen;
- Het ontwikkelen van grondstations, alsook gerelateerde producten zoals containers, controlekamers, en alle andere grondstationgerelateerde producten en dienstverlening;
- Het ontwikkelen van hardware, elektronica, software, diensten en/of advies in domeinen waar de veiligheid van de hardware, elektronica en/of software van kritisch belang is, zoals in alle soorten voertuigen, inclusief lucht- en ruimtevaart, en dit zowel voor bemande (partieel geautomatiseerde) als voor onbemande (volledig geautomatiseerde) toepassingen; Bij wijze van voorbeeld, maar niet beperkt tot, kan het gaan over controlesystemen, observatiesystemen, sturingssystemen, energievoorzieningssystemen;
- Het ontwikkelen van hardware, elektronica, software, en/of diensten (al dan niet online) die samenwerken met of afgeleid zijn van bovenstaande producten en diensten, zoals bijvoorbeeld beeldverwerking voor observatie, of advies hieromtrent;
- Hardware, elektronica, software, diensten en/of advies rond de installatie en/of onderhoud en/of uitbating van bovenvermelde producten;
- Ontvangen, verwerken, opslaan, en bijhouden van gegevens, inclusief video, van bovenstaande producten;
- Exploitatie van bovenstaande producten, teneinde de functie van onze producten als een dienstverlening aan te bieden;
- Opleidingen en/of marketing rond bovenstaande producten en diensten, en ontwikkeling van hardware, elektronica, software en/of diensten voor opleiding en/of marketing (bijvoorbeeld simulatoren).
Transfer restriction
7B, Raad van Bestuur
Board rule
9, mogelijkheid een deel van deze bevoegdheden te delegeren
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Capital and shareholders
Capital over the years
- 11-08-2026 Capital increase of 1,000,061.93 EUR · 4,152 new shares
Subsidies and aid
Federal government
2025 · 1 entry · 358,000 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | Defensie | 1 | 358,000 EUR |
Budget allocations
European Union, budget
2023 · 1 entry · 999,988 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2023 | 1 | 999,988 EUR |
Projects
IMEDCAP - DEVELOPMENT OF INTELLIGENT MILITARY CAPABILITIES FOR MONITORING, MEDICAL CARE AND EVACUATION FOR CONTAGIOUS, INJURED AND CONTAMINATED PERSONNEL
Recognitions · licences · registrations
Legal Entity Identifier
894500D4E4B6HMUJYH10
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Company details
Identification
Legal formPrivate limited company
Founded18-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
30310Manufacture of other transport equipment
62100Computer programming
26300Manufacture of computer, electronic and optical products
26510Manufacture of computer, electronic and optical products
30320Manufacture of other transport equipment
62900Other information technology and computer services
72109Other research and development on natural sciences
E-invoicing
Reachable via Peppol
Peppol ID
0208:0789765783
Registered
06-09-2022
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.