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SOLAX

Active
Private limited companyfounded 20251 yr activeRubensstraat 104, 1800 Vilvoorde, BelgiumKBO/BCE: BE 1022.683.668
Summary

SOLAX has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €34,169 and a net result of €34,169. Its solvency ranks better than 23% of 104 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 1.4% (low).

Checked score

Score 2026
Axes
Profitability87
Solvency61
Growth-
Track record67
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.29; short-term debt: 34.6% and cash: 32.7% of total assets), and 64.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026
Solvency, return and age of the figures
Solvency
35.9%
Return on assets
35.9%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 104 sector peers (2026).
NBB · sector comparison
Position among 104 sector peers
Solvency
better than 23%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 22-09-2026, 39 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2026
39 d early
← before the deadline after the deadline →
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

On 24 April 2025, SOLAX was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2026

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Financials · fiscal year 2026, micro schema

Turnover
€468,393
EBIT margin
9.2%
Net result
€34,169
Working capital
€9,431

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

Balance-sheet composition
Assets €95,224
Fixed assets €52,811
Current assets €42,413
Equity and liabilities €95,224
Equity €34,169
Debt €61,055
Debt finances 64.1% of the balance-sheet total.
Key figures and ratios
2026 value
EBITDA
€46,498
Cash flow
€37,486
Current ratio
1.29
Debt to equity
1.79
ROE
100.0%
ROA
35.9%
Interest coverage
116.02
Debt ≤ 1 year
€32,982
Debt > 1 year
€28,073
Income taxes
€8,621

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.4% 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%.

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% 1.6%
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 11,279 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 · 2026 · 37 lines
Balance sheet Code2026
Assets
Total assets20/58€95,224
Fixed assets21/28€52,811
Tangible fixed assets22/27€52,811
Furniture and vehicles24€52,811
Current assets29/58€42,413
Amounts receivable within one year40/41€7,379
Trade receivables40€6,067
Other amounts receivable41€1,312
Cash at bank and in hand54/58€31,108
Deferred charges and accrued income490/1€3,926
Equity and liabilities
Total equity and liabilities10/49€95,224
Equity10/15€34,169
Profit (loss) carried forward14€34,169
Amounts payable17/49€61,055
Amounts payable after more than one year17€28,073
Financial debts170/4€28,073
Amounts payable within one year42/48€32,982
Current portion of amounts payable after more than one year42€9,482
Trade debts44€15,375
Suppliers440/4€15,375
Taxes, remuneration and social security45€8,125
Taxes450/3€8,125
Income statement Code2026
Turnover70€468,393
Goods, raw materials, services and sundry goods60/61€422,635
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,317
Other operating charges640/8€53
Gross operating margin9900€46,551
Operating profit (loss)9901€43,181
Financial income75/76B€10
Recurring financial income75€10
Financial charges65/66B€401
Recurring financial charges65€401
Profit (loss) for the period before taxes9903€42,790
Income taxes67/77€8,621
Profit (loss) for the period9904€34,169
Profit (loss) for the period to be appropriated9905€34,169
Appropriation of the result
Profit (loss) to be appropriated9906€34,169

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2026
Turnover70€468,393
Goods, raw materials, services and sundry goods60/61€422,635
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,317
Other operating charges640/8€53
Gross operating margin9900€46,551
Operating profit (loss)9901€43,181
Financial income75/76B€10
Recurring financial income75€10
Financial charges65/66B€401
Recurring financial charges65€401
Profit (loss) for the period before taxes9903€42,790
Income taxes67/77€8,621
Profit (loss) for the period9904€34,169
Profit (loss) for the period to be appropriated9905€34,169
Line2026
Assets
Total assets20/58€95,224
Fixed assets21/28€52,811
Tangible fixed assets22/27€52,811
Furniture and vehicles24€52,811
Current assets29/58€42,413
Amounts receivable within one year40/41€7,379
Trade receivables40€6,067
Other amounts receivable41€1,312
Cash at bank and in hand54/58€31,108
Deferred charges and accrued income490/1€3,926
Equity and liabilities
Total equity and liabilities10/49€95,224
Equity10/15€34,169
Profit (loss) carried forward14€34,169
Amounts payable17/49€61,055
Amounts payable after more than one year17€28,073
Financial debts170/4€28,073
Amounts payable within one year42/48€32,982
Current portion of amounts payable after more than one year42€9,482
Trade debts44€15,375
Suppliers440/4€15,375
Taxes, remuneration and social security45€8,125
Taxes450/3€8,125
Line2026
Profit (loss) for the period9904€34,169
+ Depreciation and write-downs630€3,317
Operating cash flow (approximation)€37,486

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
22-09
NBB filing Annual accounts filed
fiscal year 2026 · micro schema
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, Vilvoorde · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
299 m²
Building footprint
191 m²
Volume, LiDAR
1,664 m³
Parcel 23645C0023/00D003, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
SOLAX
Rubensstraat 104, 1800 VilvoordeGeneral construction of residential buildings
since 20252.375.488.428
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23645C0023/00D003 Flanders 299 m² 1 · 191 m² 11.4 m · 3 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, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 12,625 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
Founded24-04-2025
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43221Plumbing work
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID 0208:1022683668
Also 9925:BE1022683668

Register as of 27 September 2026 · Peppol Directory

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