Soleda
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 20-03-2026 PDF all 5 filings
Turnover
≈ €210,000
Estimated: probably between €170,000 and €240,000
Total assets
€90,003▼ 0.2%
2024 · €90,215
Net result
€4,845▼ 57.6%
2024 · €11,419
Working capital
-€175
2024 · €584
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€14,184
▼ 37.1%
2025
20212025
Net result
€4,845
▼ 57.6%
2025
middle half of the sector
20212025
Equity
€43,679
▲ 12.5%
2025
middle half of the sector
20212025
Total assets
€90,003
▼ 0.2%
2025
middle half of the sector
20212025
Debt
€46,324
▼ 9.8%
2025
20212025
Working capital
-€175
2025
lowest quarter of the sector
20212025
Solvency
48.5%
▲ 5.5pp
2025
middle half of the sector
20212025
Current ratio
1.00
▼ 0.02
2025
lowest quarter of the sector
20212025
Return on assets (ROA)
5.4%
▼ 7.3pp
2025
middle half of the sector
20212025
Staff (FTE)
3
=
2025
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€26,995-€7,506▼ 72.2%€12,305▲ 63.9%€22,540▲ 83.2%€14,184▼ 37.1%
Net result€15,444within the sector's middle half-€2,019below the sector's middle half▼ 86.9%€5,953within the sector's middle half▲ 195%€11,419within the sector's middle half▲ 91.8%€4,845within the sector's middle half▼ 57.6%
Equity€19,444below the sector's middle half-€21,463below the sector's middle half▲ 10.4%€27,415within the sector's middle half▲ 27.7%€38,835within the sector's middle half▲ 41.7%€43,679within the sector's middle half▲ 12.5%
Total assets€76,667below the sector's middle half-€74,967below the sector's middle half▼ 2.2%€84,123within the sector's middle half▲ 12.2%€90,215within the sector's middle half▲ 7.2%€90,003within the sector's middle half▼ 0.2%
Debt€57,223-€53,504▼ 6.5%€56,708▲ 6.0%€51,380▼ 9.4%€46,324▼ 9.8%
Working capital-€3,512below the sector's middle half--€6,646below the sector's middle half▼ 89.3%-€4,802below the sector's middle half▲ 27.8%€584below the sector's middle half-€175below the sector's middle half
Solvency25.4%below the sector's middle half-28.6%within the sector's middle half▲ 3.3pp32.6%within the sector's middle half▲ 4.0pp43.0%within the sector's middle half▲ 10.5pp48.5%within the sector's middle half▲ 5.5pp
Current ratio0.88below the sector's middle half-0.79below the sector's middle half▼ 0.090.88below the sector's middle half▲ 0.091.01below the sector's middle half▲ 0.141.00below the sector's middle half▼ 0.02
Return on assets (ROA)20.1%within the sector's middle half-2.7%within the sector's middle half▼ 17.5pp7.1%within the sector's middle half▲ 4.4pp12.7%within the sector's middle half▲ 5.6pp5.4%within the sector's middle half▼ 7.3pp
Staff (FTE)0.6-1.3▲ 117%2▲ 53.8%3▲ 50.0%3=
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 37% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €90,003
Fixed assets
€50,783 ▲ 1.0%
Current assets
€39,221 ▼ 1.8%
Equity and liabilities €90,003
Equity
€43,679 ▲ 12.5%
Debt
€46,324 ▼ 9.8%
Debt's share of the balance-sheet total falls from 57.0% to 51.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,175▼
2024 · €23,489
Cash flow
€5,837▼
2024 · €12,368
Debt to equity
1.06▼
2024 · 1.32
ROE
11.1%▼
2024 · 29.4%
Interest coverage
4.03▼
2024 · 7.39
Debt ≤ 1 year
€39,396▲
2024 · €39,339
Debt > 1 year
€6,928▼
2024 · €12,042
Income taxes
€5,569▼
2024 · €7,989
Staff costs
€103,054▲
2024 · €93,166
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 2 | 2 | 3 | 3 |
| full-time | - | - | - | 0 | 0 |
| part-time | 1 | 2 | 2 | 3 | 3 |
| in full-time equivalents | 0.8 | 1.6 | 1.6 | 2.4 | 2.5 |
| Average over the year, in full-time equivalents | 0.5 | 1.1 | 1.6 | 2.4 | 2.5 |
| On a permanent contract | 1 | 2 | 2 | 3 | 3 |
| Joined | 1 | 1 | - | - | - |
| Left | 0 | 0 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Pledge on other assets, amount secured | - | €28,560 | €22,061 | €17,086 | €12,042 |
| Carrying value of the other pledged assets | - | €46,319 | €46,150 | €45,981 | €45,812 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €8,182 | - | - | €1,938 | €1,482 |
| Financial fixed assets | €45,000 | - | - | - | - |
| Depreciation and write-downs of the year | €3,103 | €1,345 | €868 | €948 | €992 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €5,109 | €33,350 | €63,043 | €93,166 | €103,054 | ▲ 10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,103 | €1,345 | €868 | €948 | €992 | ▲ 4.6% |
| Other operating charges640/8 | €3,014 | €3,776 | €1,914 | €5,936 | €3,203 | ▼ 46.0% |
| Gross operating margin9900 | €38,221 | €45,977 | €78,129 | €122,591 | €121,432 | ▼ 0.9% |
| Operating profit (loss)9901 | €26,995 | €7,506 | €12,305 | €22,540 | €14,184 | ▼ 37.1% |
| Financial income75/76B | €382 | €106 | - | €47 | €0 | ▼ 100% |
| Recurring financial income75 | €382 | €106 | - | €47 | €0 | ▼ 100% |
| Financial charges65/66B | €2,996 | €2,466 | €2,140 | €3,179 | €3,770 | ▲ 18.6% |
| Recurring financial charges65 | €2,996 | €2,466 | €2,140 | €3,179 | €3,770 | ▲ 18.6% |
| Profit (loss) for the period before taxes9903 | €24,381 | €5,146 | €10,165 | €19,408 | €10,414 | ▼ 46.3% |
| Income taxes67/77 | €8,938 | €3,127 | €4,212 | €7,989 | €5,569 | ▼ 30.3% |
| Profit (loss) for the period9904 | €15,444 | €2,019 | €5,953 | €11,419 | €4,845 | ▼ 57.6% |
| Profit (loss) for the period to be appropriated9905 | €15,444 | €2,019 | €5,953 | €11,419 | €4,845 | ▼ 57.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76,667 | €74,967 | €84,123 | €90,215 | €90,003 | ▼ 0.2% |
| Fixed assets21/28 | €51,515 | €50,170 | €49,303 | €50,293 | €50,783 | ▲ 1.0% |
| Tangible fixed assets22/27 | €6,515 | €5,170 | €4,303 | €5,293 | €5,783 | ▲ 9.3% |
| Plant, machinery and equipment23 | €1,068 | €315 | €40 | €1,623 | €1,235 | ▼ 23.9% |
| Other tangible fixed assets26 | €5,447 | €4,855 | €4,262 | €3,670 | €4,548 | ▲ 23.9% |
| Financial fixed assets28 | €45,000 | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Current assets29/58 | €25,152 | €24,797 | €34,821 | €39,922 | €39,221 | ▼ 1.8% |
| Amounts receivable within one year40/41 | €23,964 | €20,236 | €27,062 | €22,359 | €2,405 | ▼ 89.2% |
| Trade receivables40 | €19,251 | €20,236 | €27,026 | €22,194 | €83 | ▼ 99.6% |
| Other amounts receivable41 | €4,713 | - | €36 | €164 | €2,322 | ▲ 14× |
| Cash at bank and in hand54/58 | €665 | €4,052 | €7,212 | €16,452 | €32,577 | ▲ 98.0% |
| Deferred charges and accrued income490/1 | €522 | €509 | €547 | €1,112 | €4,239 | ▲ 281% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76,667 | €74,967 | €84,123 | €90,215 | €90,003 | ▼ 0.2% |
| Equity10/15 | €19,444 | €21,463 | €27,415 | €38,835 | €43,679 | ▲ 12.5% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | €15,444 | €17,463 | €23,415 | €34,835 | €39,679 | ▲ 13.9% |
| Distributable reserves133 | €15,444 | €17,463 | €23,415 | €34,835 | €39,679 | ▲ 13.9% |
| Amounts payable17/49 | €57,223 | €53,504 | €56,708 | €51,380 | €46,324 | ▼ 9.8% |
| Amounts payable after more than one year17 | €28,560 | €22,061 | €17,086 | €12,042 | €6,928 | ▼ 42.5% |
| Financial debts170/4 | €28,560 | €22,061 | €17,086 | €12,042 | €6,928 | ▼ 42.5% |
| Amounts payable within one year42/48 | €28,663 | €31,443 | €39,622 | €39,339 | €39,396 | ▲ 0.1% |
| Current portion of amounts payable after more than one year42 | €6,721 | €6,499 | €4,975 | €5,044 | €5,114 | ▲ 1.4% |
| Financial debts43 | €234 | €190 | - | - | - | - |
| Credit institutions430/8 | €234 | €190 | - | - | - | - |
| Trade debts44 | €3,062 | €2,243 | €4,068 | €4,585 | €6,703 | ▲ 46.2% |
| Suppliers440/4 | €3,062 | €2,243 | €4,068 | €4,585 | €6,703 | ▲ 46.2% |
| Taxes, remuneration and social security45 | €18,646 | €17,409 | €25,304 | €28,631 | €27,579 | ▼ 3.7% |
| Taxes450/3 | €17,323 | €10,448 | €14,400 | €18,322 | €11,889 | ▼ 35.1% |
| Remuneration and social security454/9 | €1,324 | €6,961 | €10,903 | €10,309 | €15,690 | ▲ 52.2% |
| Other amounts payable47/48 | - | €5,103 | €5,276 | €1,079 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,444 | €2,019 | €5,953 | €11,419 | €4,845 | ▼ 57.6% |
| + Depreciation and write-downs630 | €3,103 | €1,345 | €868 | €948 | €992 | ▲ 4.6% |
| Operating cash flow (approximation) | €18,547 | €3,364 | €6,820 | €12,368 | €5,837 | ▼ 52.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,938 | -€1,482 | ▲ 23.6% |
| Change in cash | - | €3,387 | €3,160 | €9,240 | €16,125 | ▲ 74.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as Soleda has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Soleda itself is lower: < 0.1% within 12 months. It rests on far more data about Soleda than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for Soleda. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 20-03-2026 | 2026-00058146 | |
| 30-09-2024 | micro format | 20-11-2024 | 2024-00602923 | |
| 30-09-2023 | micro format | 19-12-2023 | 2023-00531164 | |
| 30-09-2022 | micro format | 21-03-2023 | 2023-00042447 | |
| 30-09-2021 | micro format | 31-05-2022 | 2022-20039262 |