SOLCAM
ActiveSummary
SOLCAM has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20,119 and a net result of €1,232. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability50▼-50
Solvency41▲+2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.88 in 2023; short-term debt: 75.5% and cash: 7.2% of total assets), and 83.5% of the assets are financed with debt.
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Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
16.5%
Return on assets
1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 36380 sector peers (2024).
NBB · sector comparisonPosition among 36380 sector peers
Solvency
better than 19%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €20,119
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
16 d late
2022
59 d late
2021
38 d late
2020
31 d late
2019
153 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 54 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€0
Total assets
€122,195▼ 8.5%
2023 · €133,596
Net result
€1,232▼ 96.3%
2023 · €33,155
Working capital
€1,372
2023 · -€12,281
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€0
Operating result€10,497▲ 297%€31,952▲ 204%-€45,563€41,541€8,922▼ 78.5%
Net result€8,050within the sector's middle half▲ 1,352%€27,143above the sector's middle half▲ 237%-€48,810below the sector's middle half€33,155above the sector's middle half€1,232within the sector's middle half▼ 96.3%
Equity€28,198within the sector's middle half▲ 7.8%€54,542within the sector's middle half▲ 93.4%€5,732below the sector's middle half▼ 89.5%€18,887below the sector's middle half▲ 230%€20,119below the sector's middle half▲ 6.5%
Total assets€62,835below the sector's middle half▲ 6.3%€126,420within the sector's middle half▲ 101%€107,554within the sector's middle half▼ 14.9%€133,596within the sector's middle half▲ 24.2%€122,195within the sector's middle half▼ 8.5%
Debt€34,637▲ 5.0%€71,878▲ 108%€101,822▲ 41.7%€114,710▲ 12.7%€102,076▼ 11.0%
Working capital€19,081▲ 495%€31,789▲ 66.6%-€27,540-€12,281▲ 55.4%€1,372
Solvency44.9%within the sector's middle half▲ 0.7pp43.1%within the sector's middle half▼ 1.7pp5.3%below the sector's middle half▼ 37.8pp14.1%below the sector's middle half▲ 8.8pp16.5%below the sector's middle half▲ 2.3pp
Staff (FTE)2.1within the sector's middle half▼ 8.7%2.8▲ 33.3%3.6▲ 28.6%3▼ 16.7%2.8▼ 6.7%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 79% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €122,195
Fixed assets
€28,586 ▼ 30.7%
Current assets
€93,609 ▲ 1.4%
Equity and liabilities €122,195
Equity
€20,119 ▲ 6.5%
Debt
€102,076 ▼ 11.0%
Debt's share of the balance-sheet total falls from 85.9% to 83.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26,715▼
2023 · €60,817
Cash flow
€19,025▼
2023 · €52,431
Current ratio
1.01▲
2023 · 0.88
Quick ratio
0.98▲
2023 · 0.84
Debt to equity
5.07▼
2023 · 6.07
ROE
6.1%▼
2023 · 175.5%
ROA
1.0%▼
2023 · 24.8%
Interest coverage
3.58▼
2023 · 7.79
Debt ≤ 1 year
€92,237▼
2023 · €104,635
Debt > 1 year
€9,614▼
2023 · €10,075
Income taxes
€267▼
2023 · €593
Staff costs
€116,265▼
2023 · €122,686
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,270 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,058 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 3,270 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €90,655 | €97,695 | €122,686 | €116,265 | ▼ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,355 | €16,429 | €17,388 | €19,276 | €17,793 | ▼ 7.7% |
| Other operating charges640/8 | - | €3,061 | €2,455 | €3,181 | €3,519 | ▲ 10.6% |
| Operating charges capitalised as restructuring costs649 | - | €0 | - | - | - | - |
| Non-recurring operating charges66A | - | - | - | - | €9,871 | - |
| Gross operating margin9900 | €75,334 | €142,098 | €71,976 | €186,684 | €156,369 | ▼ 16.2% |
| Operating profit (loss)9901 | €10,497 | €31,952 | -€45,563 | €41,541 | €8,922 | ▼ 78.5% |
| Financial income75/76B | - | €1,931 | €425 | €9 | €47 | ▲ 394% |
| Recurring financial income75 | €895 | €1,931 | €425 | €9 | €47 | ▲ 394% |
| Financial charges65/66B | - | €2,297 | €3,792 | €7,803 | €7,470 | ▼ 4.3% |
| Recurring financial charges65 | €3,012 | €2,297 | €3,792 | €7,803 | €7,470 | ▼ 4.3% |
| Profit (loss) for the period before taxes9903 | €8,380 | €31,585 | -€48,931 | €33,748 | €1,499 | ▼ 95.6% |
| Income taxes67/77 | €330 | €4,442 | -€121 | €593 | €267 | ▼ 55.0% |
| Profit (loss) for the period9904 | €8,050 | €27,143 | -€48,810 | €33,155 | €1,232 | ▼ 96.3% |
| Profit (loss) for the period to be appropriated9905 | €8,050 | €27,143 | -€48,810 | €33,155 | €1,232 | ▼ 96.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62,835 | €126,420 | €107,554 | €133,596 | €122,195 | ▼ 8.5% |
| Fixed assets21/28 | €20,161 | €53,206 | €51,810 | €41,242 | €28,586 | ▼ 30.7% |
| Intangible fixed assets21 | - | - | €2,555 | €1,921 | €1,287 | ▼ 33.0% |
| Tangible fixed assets22/27 | €19,777 | €52,822 | €49,131 | €39,197 | €27,175 | ▼ 30.7% |
| Plant, machinery and equipment23 | - | €7,580 | €8,930 | €6,024 | €6,006 | ▼ 0.3% |
| Furniture and vehicles24 | - | €45,242 | €40,201 | €33,173 | €21,168 | ▼ 36.2% |
| Financial fixed assets28 | €384 | €384 | €124 | €124 | €124 | = |
| Current assets29/58 | €42,675 | €73,214 | €55,744 | €92,354 | €93,609 | ▲ 1.4% |
| Stocks and contracts in progress3 | - | €5,000 | €5,000 | €4,500 | €3,550 | ▼ 21.1% |
| Stocks30/36 | - | €5,000 | €5,000 | €4,500 | €3,550 | ▼ 21.1% |
| Amounts receivable within one year40/41 | €20,104 | €48,060 | €42,339 | €43,015 | €80,790 | ▲ 87.8% |
| Trade receivables40 | - | €36,598 | €36,432 | €29,065 | €75,096 | ▲ 158% |
| Other amounts receivable41 | - | €11,461 | €5,907 | €13,951 | €5,693 | ▼ 59.2% |
| Cash at bank and in hand54/58 | €21,910 | €15,092 | €7,304 | €41,121 | €8,831 | ▼ 78.5% |
| Deferred charges and accrued income490/1 | - | €5,062 | €1,101 | €3,718 | €439 | ▼ 88.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62,835 | €126,420 | €107,554 | €133,596 | €122,195 | ▼ 8.5% |
| Equity10/15 | €28,198 | €54,542 | €5,732 | €18,887 | €20,119 | ▲ 6.5% |
| Contributions10/11 | - | €10,150 | €10,150 | €10,150 | €10,150 | = |
| Reserves13 | €8,400 | €8,400 | €8,400 | €8,400 | €8,400 | = |
| Non-distributable reserves130/1 | - | €8,400 | €8,400 | €8,400 | €8,400 | = |
| Reserves not available under the articles1311 | - | €8,400 | €8,400 | €8,400 | €8,400 | = |
| Profit (loss) carried forward14 | €9,648 | €35,992 | -€12,818 | €337 | €1,569 | ▲ 366% |
| Amounts payable17/49 | €34,637 | €71,878 | €101,822 | €114,710 | €102,076 | ▼ 11.0% |
| Amounts payable after more than one year17 | €11,043 | €30,453 | €18,539 | €10,075 | €9,614 | ▼ 4.6% |
| Financial debts170/4 | - | €30,453 | €18,539 | €10,075 | €9,614 | ▼ 4.6% |
| Amounts payable within one year42/48 | €23,594 | €41,425 | €83,283 | €104,635 | €92,237 | ▼ 11.8% |
| Current portion of amounts payable after more than one year42 | - | €15,350 | €12,210 | €8,464 | €8,604 | ▲ 1.7% |
| Financial debts43 | - | - | €3,602 | €0 | €22,878 | - |
| Credit institutions430/8 | - | - | €3,602 | €0 | €22,878 | - |
| Trade debts44 | €12,098 | €20,761 | €18,173 | €52,851 | €50,717 | ▼ 4.0% |
| Suppliers440/4 | - | €20,761 | €18,173 | €52,851 | €50,717 | ▼ 4.0% |
| Taxes, remuneration and social security45 | - | €4,634 | €4,734 | €11,655 | €10,038 | ▼ 13.9% |
| Taxes450/3 | - | €4,191 | €1,350 | €8,714 | €1,313 | ▼ 84.9% |
| Remuneration and social security454/9 | - | €443 | €3,384 | €2,941 | €8,724 | ▲ 197% |
| Other amounts payable47/48 | - | €680 | €44,565 | €31,665 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | €225 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,050 | €27,143 | -€48,810 | €33,155 | €1,232 | ▼ 96.3% |
| + Depreciation and write-downs630 | €10,355 | €16,429 | €17,388 | €19,276 | €17,793 | ▼ 7.7% |
| Operating cash flow (approximation) | €18,405 | €43,572 | -€31,421 | €52,431 | €19,025 | ▼ 63.7% |
| Investment in fixed assets (approximation) | - | -€49,474 | -€15,992 | -€8,708 | -€5,137 | ▲ 41.0% |
| Change in cash | - | -€6,818 | -€7,789 | €33,817 | -€32,290 | ▼ 195% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
31-12
Financial
Back to profitnet €33,155
Net result €33,155 after one loss-making year.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Weakest financial yearnet -€48,810
Net result drops to -€48,810, the lowest in the series; recovery starts the following year.
07-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 38 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
Financial 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, Chaudfontaine · 1 establishment unit since 2016
Ground area
1,702 m²
Building footprint
202 m²
Volume, LiDAR
1,368 m³
2 parcels, Wallonia · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SOLCAM
since 20162.260.106.730
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62030A0466/00D000 | Wallonia | 1,348 m² | 1 · 144 m² | 7.7 m · 2 fl. |
| 62002B0229/00H000 | Wallonia | 354 m² | 1 · 58 m² | 14.5 m · 4 fl. |
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 3,960 companies in sector 43331 we hold annual accounts for 1,788. 1,352 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
Founded27-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
43230Insulation installation
43332Laying of wooden floor and wall coverings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0668494603
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.