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SOLARIO

Active
Private limited companyfounded 20232 yrs activeSint Michielswarande 30, 1040 Etterbeek, BelgiumKBO/BCE: BE 1001.842.526
Summary

The computed 12-month bankruptcy probability of SOLARIO is 2.6% (moderate). The 2024 annual accounts show negative equity (-€10,338) and a net result of -€13,338. Its solvency ranks better than 5% of 8113 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2024
Age of the figures
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2026, 357 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filing
Deviation from the deadline
2024
357 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 357 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SOLARIO was incorporated on 31 October 2023 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, abbreviated schema

Turnover
€0
Total assets
€45
Net result
-€13,338
Working capital
-€10,338

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Key figures and ratios
2024 value
EBITDA
-€13,283
Cash flow
-€13,338
Interest coverage
-241.43
Debt
€10,383
Debt ≤ 1 year
€10,383
Debt > 1 year
€0
Income taxes
€0
Staff costs
€0
Ratios withheld: a balance sheet total of €45 is too small for a meaningful ratio.

Peer companies

Historical observation

Of the 7,657 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.3% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 7,657 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
Filed annual accounts As filed with the NBB · 2024 · 107 lines
Balance sheet Code2024
Assets
Total assets20/58€45
Formation expenses20€0
Fixed assets21/28€0
Intangible fixed assets21€0
Tangible fixed assets22/27€0
Land and buildings22€0
Plant, machinery and equipment23€0
Furniture and vehicles24€0
Leasing and similar rights25€0
Other tangible fixed assets26€0
Assets under construction and advance payments27€0
Financial fixed assets28€0
Current assets29/58€45
Amounts receivable after more than one year29€0
Trade receivables290€0
Other amounts receivable291€0
Stocks and contracts in progress3€0
Stocks30/36€0
Contracts in progress37€0
Amounts receivable within one year40/41€0
Trade receivables40€0
Other amounts receivable41€0
Current investments50/53€0
Cash at bank and in hand54/58€45
Deferred charges and accrued income490/1€0
Equity and liabilities
Total equity and liabilities10/49€45
Equity10/15-€10,338
Contributions10/11€3,000
Revaluation surpluses12€0
Reserves13€0
Non-distributable reserves130/1€0
Reserves not available under the articles1311€0
Own shares acquired1312€0
Financial assistance1313€0
Other1319€0
Tax-exempt reserves132€0
Distributable reserves133€0
Profit (loss) carried forward14-€13,338
Investment grants15€0
Advance to shareholders on the distribution of net assets19€0
Provisions and deferred taxes16€0
Provisions for liabilities and charges160/5€0
Pensions and similar obligations160€0
Taxes161€0
Major repairs and maintenance162€0
Environmental obligations163€0
Other liabilities and charges164/5€0
Deferred taxes168€0
Amounts payable17/49€10,383
Amounts payable after more than one year17€0
Financial debts170/4€0
Trade debts175€0
Advances received on contracts in progress176€0
Other amounts payable178/9€0
Amounts payable within one year42/48€10,383
Current portion of amounts payable after more than one year42€0
Financial debts43€0
Credit institutions430/8€0
Other loans439€0
Trade debts44€810
Suppliers440/4€810
Bills of exchange payable441€0
Advances received on contracts in progress46€0
Taxes, remuneration and social security45€0
Taxes450/3€0
Remuneration and social security454/9€0
Other amounts payable47/48€9,573
Accrued charges and deferred income492/3€0
Income statement Code2024
Turnover70€0
Non-recurring operating income76A€0
Goods, raw materials, services and sundry goods60/61€12,047
Remuneration, social security and pensions62€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0
Provisions for liabilities and charges: additions (uses and reversals)635/8€0
Other operating charges640/8€1,236
Operating charges capitalised as restructuring costs649€0
Non-recurring operating charges66A€0
Gross operating margin9900-€12,047
Operating profit (loss)9901-€13,283
Financial income75/76B€0
Recurring financial income75€0
Non-recurring financial income76B€0
Financial charges65/66B€55
Recurring financial charges65€55
Non-recurring financial charges66B€0
Profit (loss) for the period before taxes9903-€13,338
Transfer from deferred taxes780€0
Transfer to deferred taxes680€0
Income taxes67/77€0
Profit (loss) for the period9904-€13,338
Transfer from tax-exempt reserves789€0
Transfer to tax-exempt reserves689€0
Profit (loss) for the period to be appropriated9905-€13,338
Appropriation of the result
Profit (loss) to be appropriated9906-€13,338
Profit (loss) brought forward from the previous period14P€0
Transfer from equity791/2€0
Transfer to equity691/2€0
To contributions691€0
To the legal reserve6920€0
To other reserves6921€0
Shareholders' contribution to the loss794€0
Profit to be distributed694/7€0
Return on contributions (dividend)694€0
Directors or managers695€0
Employees696€0
Other beneficiaries697€0

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Turnover70€0
Non-recurring operating income76A€0
Goods, raw materials, services and sundry goods60/61€12,047
Remuneration, social security and pensions62€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0
Provisions for liabilities and charges: additions (uses and reversals)635/8€0
Other operating charges640/8€1,236
Operating charges capitalised as restructuring costs649€0
Non-recurring operating charges66A€0
Gross operating margin9900-€12,047
Operating profit (loss)9901-€13,283
Financial income75/76B€0
Recurring financial income75€0
Non-recurring financial income76B€0
Financial charges65/66B€55
Recurring financial charges65€55
Non-recurring financial charges66B€0
Profit (loss) for the period before taxes9903-€13,338
Transfer from deferred taxes780€0
Transfer to deferred taxes680€0
Income taxes67/77€0
Profit (loss) for the period9904-€13,338
Transfer from tax-exempt reserves789€0
Transfer to tax-exempt reserves689€0
Profit (loss) for the period to be appropriated9905-€13,338
Line2024
Assets
Total assets20/58€45
Formation expenses20€0
Fixed assets21/28€0
Intangible fixed assets21€0
Tangible fixed assets22/27€0
Land and buildings22€0
Plant, machinery and equipment23€0
Furniture and vehicles24€0
Leasing and similar rights25€0
Other tangible fixed assets26€0
Assets under construction and advance payments27€0
Financial fixed assets28€0
Current assets29/58€45
Amounts receivable after more than one year29€0
Trade receivables290€0
Other amounts receivable291€0
Stocks and contracts in progress3€0
Stocks30/36€0
Contracts in progress37€0
Amounts receivable within one year40/41€0
Trade receivables40€0
Other amounts receivable41€0
Current investments50/53€0
Cash at bank and in hand54/58€45
Deferred charges and accrued income490/1€0
Equity and liabilities
Total equity and liabilities10/49€45
Equity10/15-€10,338
Contributions10/11€3,000
Revaluation surpluses12€0
Reserves13€0
Non-distributable reserves130/1€0
Reserves not available under the articles1311€0
Own shares acquired1312€0
Financial assistance1313€0
Other1319€0
Tax-exempt reserves132€0
Distributable reserves133€0
Profit (loss) carried forward14-€13,338
Investment grants15€0
Advance to shareholders on the distribution of net assets19€0
Provisions and deferred taxes16€0
Provisions for liabilities and charges160/5€0
Pensions and similar obligations160€0
Taxes161€0
Major repairs and maintenance162€0
Environmental obligations163€0
Other liabilities and charges164/5€0
Deferred taxes168€0
Amounts payable17/49€10,383
Amounts payable after more than one year17€0
Financial debts170/4€0
Trade debts175€0
Advances received on contracts in progress176€0
Other amounts payable178/9€0
Amounts payable within one year42/48€10,383
Current portion of amounts payable after more than one year42€0
Financial debts43€0
Credit institutions430/8€0
Other loans439€0
Trade debts44€810
Suppliers440/4€810
Bills of exchange payable441€0
Advances received on contracts in progress46€0
Taxes, remuneration and social security45€0
Taxes450/3€0
Remuneration and social security454/9€0
Other amounts payable47/48€9,573
Accrued charges and deferred income492/3€0
Line2024
Profit (loss) for the period9904-€13,338
+ Depreciation and write-downs630€0
Operating cash flow (approximation)-€13,338

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
23-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 357 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Etterbeek · 1 establishment unit since 2024
seat establishment approximate The establishment unit on the map
Ground area
1.3 ha
Building footprint
1.1 ha
Volume, LiDAR
121,616 m³
Parcel 21362B0253/02F000, Brussels · tallest building 34.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ISMHTRADING.COM
Sint Michielswarande 30, 1040 EtterbeekRetail trade
since 20242.361.032.062
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21362B0253/02F000 Brussels 1.3 ha 1 · 1.1 ha 34.4 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded31-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
33190Repair, maintenance and installation of machinery and equipment
33200Installation of industrial machinery and equipment
63920Other information service activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1001842526
Registered 12-02-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.