SOLEA TRADE GROUP

Active

Private limited companyfounded 2010active for 16 yearsBrechtsebaan 222, 2900 Schoten, BelgiumKBO/BCE: BE 0823.533.265

Summary

The computed 12-month bankruptcy probability of SOLEA TRADE GROUP is 4.2% (elevated). The 2024 annual accounts show negative equity (-€449,334) and a net result of -€452,555. Equity is shrinking by about 30% per year across the filed financial years. Its solvency ranks better than 7% of 8,972 sector peers (NACE 46, financial year 2024). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

SOLEA TRADE GROUPActiveChecked score 45/100

Risk analysis Report Compare

Activity

Wholesale trade

NACE 46323

1 site

Size

€2.3mtotal assets 2024

Equity: -€449,334
Loss: -€452,555

Turnover not published (abbreviated format)

Financial health

45 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: 4.2%

Structure

Parent: SOLEA INTERNATIONAL · 100%

SOLEA INTERNATIONALDirector · permanent representative KNUDSEN Lars Hedegaard

2025 accounts not filed, 85 days past the deadline1 of 5 deeds summarised

Why 45raises riskLiquidity: current ratio 0.85, cash €495, halved1 financial year not filed after the legal deadline; last filed accounts filed 125 days late; 1 of the last 3 latelowers riskFounded in 2010Size: total assets €2.3mShow the evidence

Checked score

Score 2024

45 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 1% of its sector peers (NACE 46, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Weak

Solvency 5-20

equity -19.9% of total assets

Liquidity 0-5

short-term debt 108.1% · cash 0.0%

Profitability 0-20

return on assets -20.0%

Bankruptcy probability, 12 months

4.2% Elevated

0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,376 companies, NACE 46, small)

Last 24 months 11-2024: 0.2%lowest value 12-2024: 0.2%● unchanged vs 11-2024lowest value 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%▲ +0.3 percentage points vs 07-2025 09-2025: 0.9%▲ +0.2 percentage points vs 08-2025 10-2025: 1.5%▲ +0.6 percentage points vs 09-2025 11-2025: 1.7%▲ +0.2 percentage points vs 10-2025 12-2025: 2.1%▲ +0.4 percentage points vs 11-2025 01-2026: 3.5%▲ +1.4 percentage points vs 12-2025 02-2026: 3.6%▲ +0.1 percentage points vs 01-2026 03-2026: 3.6%● unchanged vs 02-2026 04-2026: 3.5%▼ -0.1 percentage points vs 03-2026 05-2026: 3.5%● unchanged vs 04-2026 06-2026: 3.5%● unchanged vs 05-2026 07-2026: 3.3%▼ -0.2 percentage points vs 06-2026 08-2026: 3.8%▲ +0.5 percentage points vs 07-2026 09-2026: 3.9%▲ +0.1 percentage points vs 08-2026 10-2026: 4.2%▲ +0.3 percentage points vs 09-2026highest value

No credit on open account

Liquidity insufficient (current ratio 0.85, compared with 1.0 in 2023, below 1; short-term debt: 108.1% and cash: 0% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small): better than 2% on solvency, 1% on liquidity, 1% on profitability and 0% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

lowers riskraises risk

Liquidity: current ratio 0.85, cash €495, halved

NBB · annual accounts

1 financial year not filed after the legal deadline; last filed accounts filed 125 days late; 1 of the last 3 late

NBB · filings

Founded in 2010

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Size: total assets €2.3m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year -€449,334

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 85 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline24-10-2026 today

2024 accounts filed 125 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-12-2025, 125 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

125 days late

2023

29 days late

2022

14 days early

2021

47 days early

2020

58 days early

2019

21 days 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 9 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

22-01-2026 Resignation: LHK International (director)Permanent representative: KNUDSEN Lars Hedegaard…
03-12-2025 Annual accounts filedfinancial year 2024 · abbreviated…
31-12-2024 Weakest financial yearnet -€452,555

Key points

Risk: Negative equityfinancial year 2024: debts exceed assets -€449,334 View
Risk: 3 loss-making years in a rowloss financial year 2024 -€452,555 View
Caution: Result fell in 2024from -€29,003 to -€452,555 ▼ 1,460% View
Caution: Among the weakest 5% on net resultsector median €40,619 · 8,967 companies -€452,555 View
Caution: 2025 accounts not fileddeadline was 31-07-2026 85 days past the deadline View
Caution: Board changedlatest change 22-01-2026 · 1 in office 1 joined · 1 left View
Controlled by SOLEA INTERNATIONAL 100% View

By topic

Financials

Financial year: 2024
Total assets: €2.3m
Loss: -€452,555
Solvency: -19.9%

Total assets▼ 24.0%

Net result

20182024

Go to Financials

Board & ownership

Board: 1 member
Parent: SOLEA INTERNATIONAL · 100%

SOLEA INTERNATIONALDirector

Go to Board & ownership

Timeline

Events: 19
Since: 2012

29-08-2024Annual accounts filed
17-07-2023Annual accounts filed
14-06-2022Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Wholesale tradeNACE 46323
Founded: 01-03-2010
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 2

Financial year: From 1 October to 30 September
Annual meeting: Third Friday of March at 20:00

Go to Articles of association

Key facts about SOLEA TRADE GROUP

What is the company number of SOLEA TRADE GROUP?: 0823.533.265. In Belgium the VAT number is the company number with BE in front: BE 0823.533.265.
Where is SOLEA TRADE GROUP based?: The registered office is at Brechtsebaan 222, 2900 Schoten.Company details
What does SOLEA TRADE GROUP do?: According to the KBO register, the main activity is wholesale trade (NACE 46323).
What is the legal form of SOLEA TRADE GROUP?: Private limited company (BV).
When was SOLEA TRADE GROUP founded?: On 01-03-2010.
Is SOLEA TRADE GROUP still active?: Yes, SOLEA TRADE GROUP is an active enterprise in the KBO register.
What is the turnover of SOLEA TRADE GROUP?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is SOLEA TRADE GROUP profitable?: In financial year 2024, SOLEA TRADE GROUP made a loss of €452,555.
Where can I find the annual accounts of SOLEA TRADE GROUP?: SOLEA TRADE GROUP filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2024.