Skip to content

SOLID

Active
Private limited companyfounded 2001active for 25 yearsIndustriepark 8, 8587 Spiere-Helkijn, BelgiumKBO/BCE: BE 0475.877.446
Summary

SOLID has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.8m and a net result of -€638,440. Equity is shrinking by about 9.4% per year across the filed financial years. Its solvency ranks better than 34% of 173 sector peers (NACE 16, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Activity
Sawmilling and planing of wood
NACE 16110Manufacture of other builders' carpentry and joinery NACE 16230
8th largest employer in Spiere-Helkijn1 site
Size
€11.8mturnover 2025
Staff
28.5 FTE
Equity
€3.8m
Loss
-€638,440
Net result -55%: 12-month year
Financial health
79 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Parent
IDE Group · 100%
Holdings
1
Auditor: Figurad BedrijfsrevisorenAccounts filed 29 days late3 of 13 deeds read
Why 79raises riskLoss of €638,440, the second in a row (financial year 2025)Sector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)Liquidity: current ratio 2.35, cash €444,503lowers riskFounded in 2001Show the evidence

Checked score

Score 2025
79 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 32% of its sector peers (NACE 16, small)
Financial strength · tick = 2024
Weak
Solvency 62-16
equity 36.9% of total assets
Liquidity 38-11
short-term debt 37.3% · cash 4.3%
Profitability 12-2
return on assets -6.2%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (165 companies, NACE 16, small)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.9%▲ +0.1 percentage points vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 0.4%▼ -0.5 percentage points vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025lowest value 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.5%▲ +0.1 percentage points vs 03-2026 05-2026: 0.8%▲ +0.3 percentage points vs 04-2026 06-2026: 1.0%▲ +0.2 percentage points vs 05-2026highest value 07-2026: 0.5%▼ -0.5 percentage points vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026
Credit of up to €290,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.35, compared with 6.25 in 2024, above the usual 1.5; short-term debt: 37.3% and cash: 4.3% of total assets), but 63.1% of the assets are financed with debt and provisions.
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 16, small): better than 37% on solvency, 32% on liquidity, 10% on profitability and 51% on growth.

The bankruptcy probability was computed on 22-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €638,440, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Founded in 2001
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
KBO
raises risk · Liquidity: current ratio 2.35, cash €444,503
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
192122232425
2019 to 2025 · latest year -€638,440
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
29 days late
2024
28 days late
2023
29 days early
2022
20 days early
2021
12 days early
2020
23 days early
2019
32 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 8 days before the deadline; the sector median (NACE 16) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end23-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Algemene Vergadering - BoekjaarPower of attorney

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€638,440 View
  • Caution: Among the weakest 5% on net resultsector median €50,439 · 174 companies -€638,440 View
  • Controlled by IDE Groupultimately: Palettes Gestion Services SAS 100% View
  • Result fell in 202512-month financial year ▼ 54.9% View

By topic

Financials

Financial year
2025
Turnover
€11.8m
Loss
-€638,440
Solvency
36.9%
Turnover▲ 19.1%
Net result
20192025
Go to Financials

Board & ownership

Board
1 member
Parent
IDE Group · 100%
Auditor
Figurad Bedrijfsrevisoren
  • luc grauwetDirector
Go to Board & ownership

Network & group

Group
Palettes Gestion Services SAS
Holdings
1
Connected companies
5

1 holding

Go to Network & group

Timeline

Events
30
Since
2002
Next accounts
by 30-04-2027
  1. 02-07-2024Annual accounts filed
  2. 28-02-2024Reappointment: Figurad Bedrijfsrevisoren (statutory auditor)
  3. 31-01-2024Resignations: IDE Steven André Adolf (statutory director)…
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Sawmilling and planing of woodNACE 16110
Founded
16-10-2001
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
8
Annual meeting
21 March at 14:00
Purpose
“De productie van diverse houtproducten voor bouw-,tuin en doe-het-zelf,het impregneren van…” (deed in Dutch)
Go to Articles of association

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.