Equity
-€67,721
Debts exceed assets in financial year 2025.
SOLESTE
Lifetime
10 annual accounts with figures on one time axispeak €344,900 (2022)
€139,014▲ 28.1%
lowest -€194,841 (2018)
€79,961▲ 113%
peak €41,413 (2016)
-€67,721▲ €79,961
€462,429▼ 15.1%
peak 2.7 FTE (2020)
-not published
Board5 names since 2016
-
Documentsfilings and deeds
20-07-202611 days before the deadline
2025abbreviated format
Gross margin from €108,501 to €139,014Result from €37,552 to €79,961Equity from -€147,682 to -€67,721Debts from €544,390 to €462,429Cash from €5,904 to €1,396
Key points
from the 2025 annual accountsDebts
€462,429 117% of the balance sheet
Financial debts 60%Suppliers 1%Taxes and wages 19%Other 20%
Of this, €187,984 falls due within a year.
Position in the sector
-17.2%
Lower solvency than 91% of companies in real estate. Sector median 30.7% · 11,299 companies.
Checked score
52
Fair
Financially stronger than 51% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 18.6%highest value
01-2025: 10.7%▼ -7.9 percentage points vs 12-2024
02-2025: 10.7%● unchanged vs 01-2025
03-2025: 10.4%▼ -0.3 percentage points vs 02-2025
04-2025: 10.4%● unchanged vs 03-2025
05-2025: 10.0%▼ -0.4 percentage points vs 04-2025
06-2025: 10.0%● unchanged vs 05-2025
07-2025: 7.2%▼ -2.8 percentage points vs 06-2025
08-2025: 2.7%▼ -4.5 percentage points vs 07-2025
09-2025: 2.7%● unchanged vs 08-2025
10-2025: 2.7%● unchanged vs 09-2025
11-2025: 2.7%● unchanged vs 10-2025
12-2025: 2.7%● unchanged vs 11-2025
01-2026: 2.7%● unchanged vs 12-2025
02-2026: 2.7%● unchanged vs 01-2026
03-2026: 2.6%▼ -0.1 percentage points vs 02-2026
04-2026: 2.6%● unchanged vs 03-2026
05-2026: 2.6%● unchanged vs 04-2026
06-2026: 2.5%▼ -0.1 percentage points vs 05-2026
07-2026: 2.5%● unchanged vs 06-2026lowest value
08-2026: 2.8%▲ +0.3 percentage points vs 07-2026
09-2026: 2.8%● unchanged vs 08-2026
10-2026: 2.8%● unchanged vs 09-2026
11-2026: 2.8%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Judicial reorganisation on record (2 publications, latest 14-06-2022)
Liquidity: current ratio 0.53, cash €1,396, halved
1 of the last 3 accounts late
lowers risk
Size: total assets €394,708
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 11% of them on solvency, 21% on liquidity, 88% on profitability and 86% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,632 companies had the same profile as SOLESTE has now. Each dot stands for 10 companies, two years later.
91.9%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOLESTE itself: 2.8% within 12 months.
Test of the method
The method was tested on the 497,447 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 3,632 companies, not a prediction for SOLESTE. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.53 (0.26 in 2024), below 1. Short-term debt is 47.6% and cash 0.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 11299 sector peers (2025).
NBB · sector comparisonPosition among 11299 sector peers
Solvency
better than 9%
← weakest
strongest →
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 days early
2024
on the day
2023
70 days late
2022
50 days late
2021
30 days late
2020
32 days early
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (5 of the last 5 accounts filed within 41 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0648760249
Appointment: Soledade JEAN GILLES (director)
General meeting of 21-12-2023 · Gazette deed
First establishment
Glù Glù, Rue du Louvre 3, Tournai
Registered office moved within Tournai
New registered office: n°3 Boîte 2, Rue du louvre à 7500 Tournai · Previous registered office: 26, Rue du Bourdon Saint-Jacques à 7500 Tournai · Resignation: JEAN GILLES Solédade (director) · General meeting of 31-10-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOLESTE Tournai | €394,708 | €139,014 | -17.2% | - |
| VOLTA Molenbeek-Saint-Jean | €357,801 | €146,713 | 84.7% | - |
| C-One Lier | €437,839 | €132,046 | 69.6% | 1 |
| CENTRE PARALMA Beloeil | €511,215 | €137,221 | 13.0% | - |
| M4Y CONSULT La Louvière | €317,823 | €201,307 | 56.9% | - |
| DYNAMOOVE Manage | €424,193 | €93,352 | 13.7% | - |
| R.A.S.R. 46 Kuurne | €373,515 | €188,912 | 53.0% | - |
These companies have the same main activity as SOLESTE: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €318,000 and €511,000, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 17-02-2016Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 10 others
- Establishment unit
- 2.348.105.1307500 Tournai, since 16-08-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 04-07-2025
Annual accounts 2025
- ≈ €190,000estimated
- €394,708▼ 0.5%
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on SOLESTE
SOLESTE files the abbreviated format. That format states no turnover. The gross margin rose from €16,515 in 2016 to €139,014 in 2025.
The balance sheet grew most from 2017 to 2018 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SOLESTE
- What is the company number of SOLESTE?
- The company number of SOLESTE is 0648.760.249. The VAT number is the same number with BE in front: BE 0648.760.249.
- Where is SOLESTE based?
- The registered office is at Rue du Louvre 3, 7500 Tournai.Company details
- What does SOLESTE do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of SOLESTE?
- SOLESTE is a public limited company (NV).
- When was SOLESTE founded?
- SOLESTE was founded on 17-02-2016.
- Is SOLESTE still active?
- Yes, SOLESTE is an active enterprise in the KBO register.
- How many employees does SOLESTE have?
- SOLESTE had an average of 0.6 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of SOLESTE?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €139,014 and 37 comparable companies (NACE 68203). It probably lies between €150,000 and €300,000.
- Is SOLESTE profitable?
- In financial year 2025, SOLESTE made a profit of €79,961.
- Where can I find the annual accounts of SOLESTE?
- SOLESTE filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOLESTE due?
- SOLESTE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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