SOLESS
ActiveSummary
SOLESS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.61M and a net result of €1.92M. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 89% of 279 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+4
Solvency100▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.15M at 30 days acceptable
Liquidity ample (current ratio 13.53 against 4.17 in 2024; short-term debt: 6.3% and cash: 12.8% of total assets), and 16.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
83.1%
Return on assets
11.7%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
42 d early
2023
48 d early
2022
52 d early
2021
52 d late
2020
29 d early
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which other companies belong to the same group?ARO · 2 companies How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 company by equity in Antwerp, Energy sector#10 company by total assets in Antwerp, Energy sector#10 oldest company in Antwerp, Energy sector
Equity
€13.61M▲ 16.4%
2024 · €11.69M
Total assets
€16.39M▼ 5.5%
2024 · €17.34M
Net result
€1.92M▲ 34.1%
2024 · €1.43M
Working capital
€12.89M▲ 25.3%
2024 · €10.29M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3.35M▲ 64.8%€4.05M▲ 21.2%€2.22M▼ 45.3%€1.75M▼ 20.9%€2.44M▲ 38.8%
Net result€2.53M▲ 92.7%€3.10M▲ 22.6%€1.76M▼ 43.2%€1.43M▼ 18.5%€1.92M▲ 34.1%
Equity€13.78M▲ 22.4%€12.01M▼ 12.8%€11.95M▼ 0.5%€11.69M▼ 2.2%€13.61M▲ 16.4%
Total assets€18.95M▲ 9.0%€21.76M▲ 14.9%€18.05M▼ 17.1%€17.34M▼ 3.9%€16.39M▼ 5.5%
Debt€5.17M▲ 0.7%€9.76M▲ 88.7%€6.10M▼ 37.5%€5.65M▼ 7.4%€2.77M▼ 50.9%
Working capital€10.15M▲ 36.3%€9.16M▼ 9.8%€9.84M▲ 7.5%€10.29M▲ 4.5%€12.89M▲ 25.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.37M
Fixed assets
€2.45M ▼ 35.3%
Current assets
€13.92M ▲ 2.9%
Equity and liabilities €16.39M
Equity
€13.61M ▲ 16.4%
Debt
€2.77M ▼ 50.9%
Debt's share of the balance-sheet total falls from 32.6% to 16.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.77M▲
2024 · €3.11M
Cash flow
€3.26M▲
2024 · €2.78M
Current ratio
13.53▲
2024 · 4.17
Debt to equity
0.20▼
2024 · 0.48
ROE
14.1%▲
2024 · 12.3%
ROA
11.7%▲
2024 · 8.3%
Interest coverage
86.71▲
2024 · 71.11
Debt ≤ 1 year
€1.03M▼
2024 · €3.25M
Debt > 1 year
€1.74M▼
2024 · €2.38M
Income taxes
€643k▲
2024 · €458k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.42M | €1.42M | €1.38M | €1.35M | €1.34M | ▼ 0.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-992k | €0 | - | - | - | - |
| Other operating charges640/8 | €12k | €228k | €17k | €0 | €1k | - |
| Gross operating margin9900 | €3.79M | €5.70M | €3.61M | €3.11M | €3.78M | ▲ 21.6% |
| Operating profit (loss)9901 | €3.35M | €4.05M | €2.22M | €1.75M | €2.44M | ▲ 38.8% |
| Financial income75/76B | €22k | €145k | €196k | €181k | €173k | ▼ 4.1% |
| Recurring financial income75 | €22k | €145k | €196k | €181k | €173k | ▼ 4.1% |
| Financial charges65/66B | €171k | €58k | €50k | €44k | €44k | ▼ 0.3% |
| Recurring financial charges65 | €171k | €58k | €50k | €44k | €44k | ▼ 0.3% |
| Profit (loss) for the period before taxes9903 | €3.20M | €4.14M | €2.36M | €1.89M | €2.57M | ▲ 35.6% |
| Income taxes67/77 | €671k | €1.04M | €606k | €458k | €643k | ▲ 40.3% |
| Profit (loss) for the period9904 | €2.53M | €3.10M | €1.76M | €1.43M | €1.92M | ▲ 34.1% |
| Transfer from tax-exempt reserves789 | - | €1.25M | €58k | €258k | €0 | ▼ 100% |
| Transfer to tax-exempt reserves689 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €2.53M | €4.34M | €1.82M | €1.69M | €1.92M | ▲ 13.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18.95M | €21.76M | €18.05M | €17.34M | €16.39M | ▼ 5.5% |
| Formation expenses20 | - | - | - | €16k | €13k | ▼ 20.2% |
| Fixed assets21/28 | €7.94M | €6.52M | €5.14M | €3.79M | €2.45M | ▼ 35.3% |
| Tangible fixed assets22/27 | €7.94M | €6.52M | €5.14M | €3.79M | €2.45M | ▼ 35.3% |
| Land and buildings22 | €197k | €154k | €112k | €69k | €27k | ▼ 61.3% |
| Plant, machinery and equipment23 | €7.74M | €6.36M | €5.03M | €3.72M | €2.42M | ▼ 34.9% |
| Current assets29/58 | €11.01M | €15.24M | €12.91M | €13.53M | €13.92M | ▲ 2.9% |
| Amounts receivable within one year40/41 | €8.61M | €11.22M | €11.01M | €11.13M | €11.82M | ▲ 6.2% |
| Trade receivables40 | €256k | €721k | €249k | €300k | €746k | ▲ 149% |
| Other amounts receivable41 | €8.35M | €10.50M | €10.76M | €10.83M | €11.07M | ▲ 2.3% |
| Cash at bank and in hand54/58 | €2.39M | €4.01M | €1.88M | €2.40M | €2.10M | ▼ 12.4% |
| Deferred charges and accrued income490/1 | €6k | €9k | €11k | €10k | €6k | ▼ 33.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18.95M | €21.76M | €18.05M | €17.34M | €16.39M | ▼ 5.5% |
| Equity10/15 | €13.78M | €12.01M | €11.95M | €11.69M | €13.61M | ▲ 16.4% |
| Contributions10/11 | €1.22M | €1.22M | €1.22M | €1.22M | €1.22M | = |
| Capital10 | - | €1.22M | €0 | - | - | - |
| Issued capital100 | - | €1.22M | €0 | - | - | - |
| Outside capital11 | - | - | €1.22M | €1.22M | €1.22M | = |
| Share premium1100/10 | - | - | €1.22M | €1.22M | €1.22M | = |
| Reserves13 | €12.56M | €10.79M | €10.73M | €10.47M | €12.39M | ▲ 18.4% |
| Non-distributable reserves130/1 | €8.47M | €10.47M | €10.47M | €10.47M | €10.47M | = |
| Legal reserve130 | - | €122k | €0 | €122k | €122k | = |
| Reserves not available under the articles1311 | €8.47M | €10.35M | €10.47M | €10.35M | €10.35M | = |
| Tax-exempt reserves132 | €1.56M | €316k | €258k | €0 | - | - |
| Distributable reserves133 | €2.53M | €0 | - | - | €1.92M | - |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €0 | - | - | - | - | - |
| Environmental obligations163 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €5.17M | €9.76M | €6.10M | €5.65M | €2.77M | ▼ 50.9% |
| Amounts payable after more than one year17 | €4.31M | €3.67M | €3.02M | €2.38M | €1.74M | ▼ 26.8% |
| Financial debts170/4 | €4.31M | €3.67M | €3.02M | €2.38M | €1.74M | ▼ 26.8% |
| Other amounts payable178/9 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €857k | €6.09M | €3.06M | €3.25M | €1.03M | ▼ 68.3% |
| Current portion of amounts payable after more than one year42 | €537k | €645k | €644k | €648k | €636k | ▼ 1.9% |
| Trade debts44 | €106k | €169k | €310k | €109k | €172k | ▲ 57.8% |
| Suppliers440/4 | €106k | €169k | €310k | €109k | €172k | ▲ 57.8% |
| Taxes, remuneration and social security45 | €214k | €406k | €145k | €34k | €221k | ▲ 550% |
| Taxes450/3 | €214k | €406k | €145k | €34k | €221k | ▲ 550% |
| Other amounts payable47/48 | - | €4.87M | €1.96M | €2.45M | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €551 | €0 | €11k | €25k | €4k | ▼ 85.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.53M | €3.10M | €1.76M | €1.43M | €1.92M | ▲ 34.1% |
| + Depreciation and write-downs630 | €1.42M | €1.42M | €1.38M | €1.35M | €1.34M | ▼ 0.9% |
| Operating cash flow (approximation) | €3.95M | €4.52M | €3.14M | €2.78M | €3.26M | ▲ 17.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €1.62M | €-2.13M | €514k | €-298k | ▼ 158% |
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
Next filing, fiscal year 2026, expected by
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity triplescurrent ratio 13.53
Current ratio from 4.17 to 13.53; short-term debt falls from €3.25M to €1.03M.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €3.10M ▲22.6%
Operating result €4.05M, net result €3.10M, both a record.
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 52 days late
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 10.90
Current ratio from 3.05 to 10.90; short-term debt falls from €2.12M to €752k.
31-12
Financial
Equity above €10MEq €11.25M ▲13.2%
3 profitable years in a row build equity to €11.25M.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €1.21M ▼13.5%
Net result drops to €1.21M, the lowest in the series; recovery starts the following year.
Show earlier events
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
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.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Antwerpen · 1 establishment unit since 2009
Ground area
2,696 m²
Building footprint
1,209 m²
Volume, LiDAR
15,115 m³
Parcel 11810K0009/00S006, Flanders · tallest building 21.2 m, ±6 floors. Linked by address, not a title deed.
56
companies at this address
See who is registered here
1 establishment unit
SOLESS
since 20092.181.807.736
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K0009/00S006 | Flanders | 2,696 m² | 1 · 1,209 m² | 21.2 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
ARO
2 companies
Group, risk and exposure
Connections & network
No current directors or connected companies found in the register.
Ownership & control
1 parent companyRecognitions · licences · registrations
Legal Entity Identifier
549300KUNT88RGXL3029
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Of 576 companies in sector 35140 we hold annual accounts for 265. 71 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-10-2009
Fiscal year end31-12
Activities, NACEBEL 2025
35140Electricity, gas, steam and air conditioning supply
35110Production of electricity from non-renewable sources
Scores and ratios are computed by Checked and are not a credit decision.