Solea

Active

Non-profit associationfounded 199729 yrs activeAv. des Nouvelles Technologies 36, 7080 Frameries, BelgiumKBO/BCE: BE 0460.419.903

Summary

Solea has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €27k. Equity is shrinking by ~34.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 9% of 463 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

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Checked score

Score 2025

72 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability73▲+3

Solvency33▲+3

Growth32=

Track record100

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity tight (current ratio 1.01 against 1.0 in 2024; short-term debt: 91.2% and cash: 47.2% of total assets), and 92% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 88

Relative position

BE, all sectors

reference

Sector 88

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

Return on assets

3.1%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 463 sector peers (2025).

NBB · sector comparison

Position among 463 sector peers

Solvency

better than 9%

← weakest strongest →

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

182122232425

2018 to 2025 · latest year €70k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

29 d early

2024

30 d early

2023

27 d early

2022

14 d early

2021

32 d early

2020

32 d early

2019

18 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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.

Companies Code · seven months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, full schema

Turnover

€292k

EBIT margin

32.5%

Net result

€27k▲ 366%

2024 · €6k

2018: €95k 2021: €42k 2022: €-63k 2023: €-137k 2024: €6k

2018 → 2025

Working capital

€11k

2024 · €-3k

2018: €320k 2021: €216k 2022: €171k 2023: €22k 2024: €-3k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€237k-€175k▼ 26.4%€37k▼ 78.6%€43k▲ 15.7%€70k▲ 63.1%

Operating result€42k-€-62k€-137k▼ 120%€6k€26k▲ 323%

Net result€42k-€-63k€-137k▼ 119%€6k€27k▲ 366%

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 323% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €876k

92.4%

Fixed assets €67k ▲ 2.2%

Current assets €809k ▲ 6.7%

Equity and liabilities €876k

92.0%

Equity €70k ▲ 63.1%

Debt €806k ▲ 3.2%

The debt ratio falls from 94.8% to 92.0%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€45k▲

2024 · €21k

Cash flow

€46k▲

2024 · €21k

Current ratio

1.01▲

2024 · 1.00

Quick ratio

1.01▲

2024 · 0.99

Debt / equity

11.45▼

2024 · 18.09

ROE

38.7%▲

2024 · 13.5%

ROA

3.1%▲

2024 · 0.7%

Interest coverage

91.10▲

2024 · 41.39

Debt ≤ 1 year

€799k▲

2024 · €762k

Staff costs

€3.88M▲

2024 · €3.52M

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 · 44 lines

Balance sheet Code20242025

Assets

Total assets20/58€824k€876k▲

Fixed assets21/28€65k€67k▲

Tangible fixed assets22/27€65k€67k▲

Plant, machinery and equipment23€52k€46k▼

Furniture and vehicles24€13k€20k▲

Current assets29/58€759k€809k▲

Stocks and contracts in progress3€937€658▼

Stocks30/36€937€658▼

Amounts receivable within one year40/41€407k€395k▼

Trade receivables40€94k€72k▼

Other amounts receivable41€313k€322k▲

Cash at bank and in hand54/58€328k€413k▲

Deferred charges and accrued income490/1€23k€441▼

Equity and liabilities

Total equity and liabilities10/49€824k€876k▲

Equity10/15€43k€70k▲

Contributions10/11€1.74M€1.74M=

Capital10€1.74M€1.74M=

Profit (loss) carried forward14€-1.70M€-1.67M▲

Amounts payable17/49€781k€806k▲

Amounts payable within one year42/48€762k€799k▲

Trade debts44€175k€91k▼

Suppliers440/4€175k€91k▼

Taxes, remuneration and social security45€546k€657k▲

Taxes450/3€63k€65k▲

Remuneration and social security454/9€483k€592k▲

Accrued charges and deferred income492/3€19k€7k▼

Income statement Code20242025

Non-recurring operating income76A€22k€41k▲

Remuneration, social security and pensions62€3.52M€3.88M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€19k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-11k€-8k▲

Other operating charges640/8€681€2k▲

Non-recurring operating charges66A€52k€30k▼

Gross operating margin9900€3.58M€3.95M▲

Operating profit (loss)9901€6k€26k▲

Financial income75/76B€138€1k▲

Recurring financial income75€138€1k▲

Financial charges65/66B€508€499▼

Recurring financial charges65€508€499▼

Profit (loss) for the period before taxes9903€6k€27k▲

Profit (loss) for the period9904€6k€27k▲

Profit (loss) for the period to be appropriated9905€6k€27k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-1.70M€-1.67M▲

Profit (loss) brought forward from the previous period14P€-1.70M€-1.70M▲

Social balance

Average headcount (FTE)908776.870.4▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 33Financial 2Gazette 21Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

19-08

State Gazette act Resignations & appointments

Board meeting · Power of attorney · General meeting11 facts ▸

Board meeting, 23-05-2026
Power of attorney, Roland CARLIER
Power of attorney, Sébastien CHOQUET
Power of attorney, Laetitia CURSIO
Power of attorney, Armel DUMORTIER
Power of attorney, Coline MAXENCE
Power of attorney, Girolamo SANTOCONO
Power of attorney, Melissa URBAIN
General meeting, 24-06-2026
Auditor appointment, PwC Réviseurs d'entreprises S.R.L. (commissaire réviseur)
Condition, Aucune des personnes ayant l'autorisation de signer des lots électroniques ne possède la fonction permettant de créer des lots de paiements

02-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

02-03

State Gazette act Resignations & appointments

General meeting · Board meeting · Director appointment31 facts ▸

General meeting, 18-12-2025
Board meeting, 18-12-2025
Director appointment, Marie-Claire DIEU (director)
Director appointment, Jean-Marie GENBAUFFE (director)
Director appointment, Patty CANTIGNEAU (director)
Director appointment, Angélique MEURANT (director)
Director appointment, Clara PORCU (director)
Director appointment, Florence PROVOST (director)
Director appointment, Patrizio SALVI (director)
Director appointment, Coline MAXENCE (director)
Board composition, Marie-Claire DIEU (director)
Board composition, Patty CANTIGNEAU (director)
+19 further facts in this act

2025

29-08

State Gazette act Resignations & appointments

Board meeting · Power of attorney9 facts ▸

Board meeting, 24-05-2025
Power of attorney, Roland CARLIER (mandataire bancaire)
Power of attorney, Sébastien CHOQUET (mandataire bancaire)
Power of attorney, Laetitia CURSIO (mandataire bancaire)
Power of attorney, Armel DUMORTIER (mandataire bancaire)
Power of attorney, Juan FERNANDEZ RODRIGUEZ (mandataire bancaire)
Power of attorney, Coline MAXENCE (mandataire bancaire)
Power of attorney, Girolamo SANTOCONO (mandataire bancaire)
Power of attorney, Melissa URBAIN (mandataire bancaire)

01-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Back to profitnet €6k

Net result €6k after 2 loss-making years.

06-08

State Gazette act Statutes amendment · Resignations & appointments

General meeting · Member resignation · Director resignation10 facts ▸

General meeting, 18-06-2024
Member resignation, Johakim CHAJIA
Director resignation, Johakim CHAJIA
Board composition, Patty CANTIGNEAU (director)
Board composition, Jean-Marie GENBAUFFE (director)
Board composition, Coline MAXENCE (director)
Board composition, Angélique MEURANT (director)
Board composition, Sylvie PINCHART (director)
Board composition, Florence PROVOST (director)
Name change, Solea

04-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Weakest financial yearnet €-137k

Net result drops to €-137k, the lowest in the series; recovery starts the following year.

17-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

13-07

State Gazette act Resignations & appointments

General meeting · Member admission · Director appointment11 facts ▸

General meeting, 27-06-2023
Member admission, Johakim CHAJIA (membre de droit à l'assemblée générale)
Director appointment, Johakim CHAJIA (director)
Board composition, Patty CANTIGNEAU (director)
Board composition, Jean-Marie GENBAUFFE (director)
Board composition, Johakim CHAJIA (director)
Board composition, Coline MAXENCE (director)
Board composition, Angélique MEURANT (director)
Board composition, Sylvie PINCHART (director)
Board composition, Florence PROVOST (director)
Auditor appointment, PwC Réviseurs d'entreprises S.R.L.

27-02

State Gazette act Resignations & appointments

General meeting · Board meeting · Director appointment31 facts ▸

General meeting, 21-12-2022
Board meeting, 21-12-2022
Director appointment, Coline MAXENCE (director)
Director appointment, Jean-Marie GENBAUFFE (director)
Director appointment, Angélique MEURANT (director)
Director appointment, Patty CANTIGNEAU (director)
Director appointment, Florence PROVOST (director)
Director resignation, Sébastien CHOQUET (director)
Director resignation, Giuseppina DESIMONE (director)
Director resignation, Florence MONIER (director)
Board composition, Patty CANTIGNEAU (director)
Board composition, Jean-Marie GENBAUFFE (director)
+19 further facts in this act

2022

04-10

State Gazette act Statutes amendment · Resignations & appointments

Board meeting · General meeting · Member resignation14 facts ▸

Board meeting, 24-05-2022
General meeting, 21-06-2022
Member resignation, Christelle VANKEERSBULCK
Member resignation, Anne SPITALS
Board composition, Sébastien CHOQUET (director)
Board composition, Giuseppina DESIMONE (director)
Board composition, Jean-Marie GENBAUFFE (director)
Board composition, Coline MAXENCE (director)
Board composition, Angélique MEURANT (director)
Board composition, Florence MONIER (director)
Board composition, Sylvie PINCHART (director)
Statutes amendment
+2 further facts in this act

29-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

05-04

State Gazette act Resignations & appointments

Board meeting · Permanent representative · Power of attorney11 facts ▸

Board meeting, 25-11-2021
Permanent representative, Isabelle Rasmont
Power of attorney, Roland CARLIER
Power of attorney, Sébastien CHOQUET
Power of attorney, Armel DUMORTIER
Power of attorney, Juan FERNANDEZ RODRIGUEZ
Power of attorney, Girolamo SANTOCONO
Power of attorney, Coline MAXENCE
Power of attorney, Valérie SOLEIL
Power of attorney, Anne SPITALS
Mandate term, 31-12-2021

2021

29-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

21-08

State Gazette act Resignations & appointments

General meeting · Approval · Director discharge7 facts ▸

General meeting, 30-06-2020
Approval, 30-06-2020
Approval, 30-06-2020
Director discharge, Enfance Solidaris
Auditor appointment, PwC Réviseurs d'entreprises S.R.L. (réviseur d'entreprise)
Auditor appointment, PwC Réviseurs d'entreprises S.R.L. (réviseur d'entreprise)
Approval, 30-06-2020

13-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

21-02

State Gazette act Resignations & appointments

General meeting · Board meeting · Director appointment29 facts ▸

General meeting, 03-12-2019
Board meeting, 03-12-2019
Director appointment, Sébastien CHOQUET (expert)
Director appointment, Giuseppina DESIMONE (director)
Director appointment, Jean-Marie GENBAUFFE (director)
Director appointment, Coline MAXENCE (director)
Director appointment, Angélique MEURANT (director)
Director appointment, Florence MONIER (director)
Director appointment, Sylvie PINCHART (director)
Director appointment, Anne SPITALS (director)
Director appointment, Christelle VANKEERSBULCK (director)
Director resignation, Lise GOMBERT (director)
+17 further facts in this act

2019

11-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

31-01

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment13 facts ▸

General meeting, 23-05-2018
Director resignation, Carine Coulon (director)
Director resignation, Martine Huart (director)
Director appointment, Angélique Meurant (director)
Board composition, Giuseppina Desimone (director)
Board composition, Jean-Marie Genbauffe (director)
Board composition, Lise Gombert (director)
Board composition, Coline Maxence (director)
Board composition, Angélique Meurant (director)
Board composition, Bruno Rossi (director)
Board composition, Anne Spitals (director)
Director appointment, Angélique Meurant (chair)
+1 further facts in this act

2018

10-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

07-02

State Gazette act Statutes amendment · Resignations & appointments

Board meeting · General meeting · Merger14 facts ▸

Board meeting, 16-11-2017
General meeting, 07-12-2017
Merger, apport à titre gratuit d'activités, 01-01-2018
Name change, Enfance Solidaris
Purpose change, L'association a pour but l'organisation d'activités d'accueil et de garde de l'enfant de 0 à 12 ans et plus. Elle contribue par ses actions à la promotion du bi…
Power of attorney, Roland CARLIER
Power of attorney, Sébastien CHOQUET
Power of attorney, Armel DUMORTIER
Power of attorney, Juan FERNANDEZ RODRIGUEZ
Power of attorney, Dean LIENARD
Power of attorney, Coline MAXENCE
Power of attorney, Valérie SOLEIL
+2 further facts in this act

12-01

State Gazette act Resignations & appointments

General meeting · Approval · Director discharge5 facts ▸

General meeting, 23-06-2017
Approval, 23-06-2017
Approval, 23-06-2017
Director discharge, Les P'tits Doudous
Auditor appointment, SCCRL PWC Réviseurs d'Entreprise (company auditor)

2017

07-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

05-04

State Gazette act Statutes amendment · Resignations & appointments

General meeting · Director resignation · Director reappointment28 facts ▸

General meeting, 28-09-2016
Director resignation, COUSTURIER Nicole (director)
Director resignation, DIEU Richard (director)
Director resignation, URBAIN Michel (director)
Director resignation, VACHAUDEZ Jacques (director)
Director resignation, VAN HOORDE/WUILBAUT Colette (director)
Director reappointment, HUART Martine (director)
Director reappointment, MAXENCE Coline (director)
Director reappointment, ROSSI Bruno (director)
Director appointment, COULON Carine (director)
Director appointment, DESIMONE Giuseppina (director)
Director appointment, GENBAUFFE Jean-Marie (director)
+16 further facts in this act

2016

07-11

State Gazette act Statutes amendment

General meeting · Statutes amendment · Director reappointment3 facts ▸

General meeting, 08-06-2016
Statutes amendment
Director reappointment, LES P'TITS DOUDOUS (director)

2015

14-09

State Gazette act Resignations & appointments

Board meeting · Power of attorney9 facts ▸

Board meeting, 18-05-2015
Power of attorney, Richard Dieu
Power of attorney, Coline Maxence
Power of attorney, Jean-Pierre Genbauffe
Power of attorney, Claudia Camut
Power of attorney, Anne Spitals
Power of attorney, Sébastien Choquet
Power of attorney, Anne Spitals
Power of attorney, Richard Dieu

2014

24-09

State Gazette act Resignations & appointments

General meeting · Permanent representative · Board meeting34 facts ▸

General meeting, 14-12-2012
Permanent representative, Christelle GILLES
Board meeting, 07-11-2013
Director resignation, Bernard TOUBEAU (director)
General meeting, 20-06-2014
Director resignation, Alain GUERITTE (director)
Director resignation, Claudia CAMUT (director)
Director appointment, Coline MAXENCE (director)
Director appointment, Bruno ROSSI (director)
Director appointment, Martine HUART (director)
Director appointment, Colette VAN HOORDE (director)
Board composition, Nicole COUSTURIER (director)
+22 further facts in this act

2012

13-07

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment5 facts ▸

General meeting, 26-06-2012
Director resignation, Thierry FLAMECOURT (director)
Director appointment, Nicole COUSTURIER (director)
Auditor appointment, PricewaterhouseCoopers Réviseurs d'Entreprises (commissaire réviseur)
Permanent representative, Patrick Cammarata

2010

02-08

State Gazette act Resignations & appointments

General meeting · Board composition · Director resignation9 facts ▸

General meeting, 22-06-2010
Board composition, DIEU Richard (chair)
Board composition, CAMUT Claudia (secrétaire trésorière)
Board composition, FLAMECOURT Thierry (director)
Board composition, GUERITTE Alain (director)
Board composition, TOUBEAU Bernard (director)
Board composition, URBAIN Michel (director)
Board composition, VACHAUDEZ Jacques (director)
Director resignation, THOMAS Chantal (director)

2006

27-11

State Gazette act Resignations & appointments

Permanent representative1 fact ▸

Permanent representative, Christelle GILLES (permanent representative)

07-06

State Gazette act Resignations & appointments

Permanent representative2 facts ▸

Permanent representative, Frédéric DAERDEN
Permanent representative, Christeile GILLES

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

under verification, no change since 2024

This board is reconstructed from a single act (23027975). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Cantigneau Patty

Director · since 21-12-2022

Current

Florence PROVOST

Director · since 21-12-2022

Current

PINCHART Sylvie

Vice-chair · since 21-12-2022

Current

Angélique MEURANT

Director · since 23-05-2018

Current

GENBAUFFE Jean-Marie

Director · since 28-09-2016

Current

Coline Maxence

Director · since 14-12-2012

Current

3 other directors

Anne SPITALS

Director · since 28-09-2016

Not recently confirmed

Bruno ROSSI

Director · since 14-12-2012

Not recently confirmed

Colette VANHOORDE

Director · since 14-12-2012

Not recently confirmed

18-06-2024 Johakim CHAJIA: Resigned

27-06-2023 Johakim CHAJIA: Appointed as Director

21-12-2022 Cantigneau Patty: Appointed as Director

21-12-2022 Florence PROVOST: Appointed as Director

21-12-2022 PINCHART Sylvie: Appointed as Vice-chair

Full history in the Timeline (45 changes) →

Location & real-estate footprint

Registered office, Frameries · 1 establishment unit since 1997

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.

Av. des Nouvelles Technologies 367080 Frameries

1 establishment unit

LES P'TITS DOUDOUS

Av. des Nouvelles Technologies 36, 7080 FrameriesEducation

since 19972.155.786.297

Statutory auditor

CAMMARATA Patrick

Auditor

03-12-2019 → 21-02-2020

Show 2 earlier auditors

PricewaterhouseCoopers Reviseurs d'Entreprises Commissaire réviseur · represented by Christelle GILLES succeeded by CAMMARATA Patrick in 2019	14-12-2012 → 03-12-2019
PricewaterhouseCoopers Réviseurs d'entreprises Commissaire réviseur · represented by Patrick Cammarata succeeded by CAMMARATA Patrick in 2019	26-06-2012 → 03-12-2019

Articles of association

Purpose

L'association a pour but l'organisation d'activités d'accueil et de garde de l'enfant de 0 à 12 ans et plus. Elle contribue par ses actions à la promotion du bien-être psychique…

Full purpose

L'association a pour but l'organisation d'activités d'accueil et de garde de l'enfant de 0 à 12 ans et plus. Elle contribue par ses actions à la promotion du bien-être psychique, physique et social des enfants et des adolescents, en rapport avec l'environnement dans lequel ils évoluent, et au développement de relations égalitaires.

according to the deed of 06-08-2024