SOLCO
ActiveSOLCO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €209k and a net result of €958k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 11% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98=
Solvency34▼-3
Growth75▼-6
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.06 in 2024; short-term debt: 87.6% and cash: 29.1% of total assets), and 91.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
8.9%
Return on assets
41%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 7692 sector peers (2025).
NBB · sector comparisonPosition among 7692 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 15-09-2025, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
31 d early
2023
31 d early
2022
14 d early
2021
12 d early
2020
28 d early
2019
16 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€5.79M▼ 2.2%
2024 · €5.92M
2021: €3.79M
2022: €5.93M
2023: €6.83M
2024: €5.92M
2021 → 2025
EBIT margin
17.3%▼ 0.2pp
2024 · 17.5%
2021: 18.6%
2022: 15.9%
2023: 9.8%
2024: 17.5%
2021 → 2025
Net result
€958k▼ 4.6%
2024 · €1.00M
2019: €880k
2020: €947k
2021: €689k
2022: €916k
2023: €663k
2024: €1.00M
2019 → 2025
Working capital
€127k▲ 39.4%
2024 · €91k
2019: €165k
2020: €167k
2021: €139k
2022: €91k
2023: €38k
2024: €91k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€3.79M-€5.93M▲ 56.5%€6.83M▲ 15.0%€5.92M▼ 13.2%€5.79M▼ 2.2%
Equity€207k-€207k▲ 0.2%€208k▲ 0.6%€209k▲ 0.3%€209k▼ 0.1%
Operating result€706k-€946k▲ 34.0%€670k▼ 29.2%€1.04M▲ 54.5%€1,000k▼ 3.4%
Net result€689k-€916k▲ 33.0%€663k▼ 27.6%€1.00M▲ 51.3%€958k▼ 4.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.33M
Fixed assets
€162k▲ 32.9%
Current assets
€2.17M▲ 32.1%
Equity and liabilities €2.33M
Equity
€209k▼ 0.1%
Debt
€2.13M▲ 36.4%
The debt ratio rises from 88.2% to 91.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.09M▼
2024 · €1.10M
Cash flow
€1.04M▼
2024 · €1.07M
Solvency
8.9%▼
2024 · 11.8%
Current ratio
1.06▲
2024 · 1.06
Quick ratio
0.91▲
2024 · 0.87
Debt / equity
10.19▲
2024 · 7.46
ROE
458.9%▼
2024 · 480.4%
ROA
41.0%▼
2024 · 56.8%
Interest coverage
33.07▲
2024 · 30.20
Debt
€2.13M▲
2024 · €1.56M
Debt ≤ 1 year
€2.05M▲
2024 · €1.55M
Debt > 1 year
€70k▲
2024 · €0
Income taxes
€18k▼
2024 · €20k
Staff costs
€246k▲
2024 · €185k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.77M€2.33M▲
Fixed assets21/28€122k€162k▲
Tangible fixed assets22/27€122k€162k▲
Plant, machinery and equipment23€588€294▼
Furniture and vehicles24€64k€108k▲
Other tangible fixed assets26€57k€54k▼
Financial fixed assets28€25€25=
Current assets29/58€1.65M€2.17M▲
Stocks and contracts in progress3€290k€318k▲
Stocks30/36€290k€318k▲
Amounts receivable within one year40/41€726k€1.16M▲
Trade receivables40€658k€1.05M▲
Other amounts receivable41€68k€103k▲
Cash at bank and in hand54/58€610k€680k▲
Deferred charges and accrued income490/1€20k€19k▼
Equity and liabilities
Total equity and liabilities10/49€1.77M€2.33M▲
Equity10/15€209k€209k▼
Contributions10/11€173k€173k=
Reserves13€17k€17k=
Non-distributable reserves130/1€17k€17k=
Reserves not available under the articles1311€17k€17k=
Profit (loss) carried forward14€18k€18k▼
Amounts payable17/49€1.56M€2.13M▲
Amounts payable after more than one year17€0€70k▲
Financial debts170/4€0€70k▲
Amounts payable within one year42/48€1.55M€2.05M▲
Current portion of amounts payable after more than one year42€23k€41k▲
Trade debts44€439k€773k▲
Suppliers440/4€439k€773k▲
Advances received on contracts in progress46-€177k
Taxes, remuneration and social security45€15k€22k▲
Taxes450/3€10k€8k▼
Remuneration and social security454/9€5k€14k▲
Other amounts payable47/48€1.08M€1.03M▼
Accrued charges and deferred income492/3€4k€10k▲
Income statement
Code20242025
Turnover70€5.92M€5.79M▼
Goods, raw materials, services and sundry goods60/61€4.62M€4.29M▼
Remuneration, social security and pensions62€185k€246k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€86k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€19k▲
Other operating charges640/8€8k€8k▼
Gross operating margin9900€1.30M€1.36M▲
Operating profit (loss)9901€1.04M€1,000k▼
Financial income75/76B€24k€9k▼
Recurring financial income75€24k€9k▼
Financial charges65/66B€37k€33k▼
Recurring financial charges65€37k€33k▼
Profit (loss) for the period before taxes9903€1.02M€976k▼
Income taxes67/77€20k€18k▼
Profit (loss) for the period9904€1.00M€958k▼
Profit (loss) for the period to be appropriated9905€1.00M€958k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.02M€976k▼
Profit (loss) brought forward from the previous period14P€18k€18k▲
Profit to be distributed694/7€1.00M€958k▼
Directors or managers695€1.00M€958k▼
Social balance
Average headcount (FTE)90873.34.0▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €1.00M ▲51.3%
Operating result €1.04M, net result €1.00M, both a record.
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Weakest financial yearnet €663k ▼27.6%
Net result drops to €663k, the lowest in the series; recovery starts the following year.
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
03-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 33 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
10-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Lievegem · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mispelare 79930 LievegemGround area
3,770 m²
Building footprint
1,516 m²
Volume, LiDAR
11,453 m³
Parcel 44080C0223/00H000, Flanders · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Mispelare 7, 9930 Lievegem
since 20102.198.908.737
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44080C0223/00H000 | Flanders | 3,770 m² | 1 · 1,516 m² | 9.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,039 EUR awarded · 2,039 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 450 EUR | 1,139 EUR |
| 2024 | 1 | 689 EUR | 0 EUR |
| 2023 | 1 | 900 EUR | 900 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
5 categoriesSOLCO BV35045
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Of 914 companies in sector 43333 we hold annual accounts for 400. 318 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-04-2010
Fiscal year end31-03
Activities, NACEBEL
43333Wallpapering and laying of floor and wall coverings in other materials
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.solco.be
E-mail:info@solco.org