SOLID
ActiveSOLID has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.78M and a net result of €-638k. Equity is shrinking by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 138 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-1
Solvency80▼-16
Growth22=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days only on tighter terms
Liquidity ample (current ratio 2.35 against 6.25 in 2024), but 63.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
36.9%
Return on assets
-6.2%
Age of the figures
11 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year -€638k
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
28 d late
2023
29 d early
2022
20 d early
2021
12 d early
2020
23 d early
2019
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
06-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€11.85M▲ 19.1%
2024 · €9.94M
2021: €23.57M
2022: €20.21M
2023: €12.13M
2024: €9.94M
2021 → 2025
EBIT margin
-4.0%▼ 0.9pp
2024 · -3.1%
2021: 5.0%
2022: 1.8%
2023: -8.1%
2024: -3.1%
2021 → 2025
Net result
€-638k▼ 54.9%
2024 · €-412k
2021: €1.04M
2022: €221k
2023: €-1.12M
2024: €-412k
2021 → 2025
Working capital
€5.16M▼ 12.9%
2024 · €5.93M
2021: €7.82M
2022: €7.79M
2023: €6.47M
2024: €5.93M
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€23.57M-€20.21M▼ 14.3%€12.13M▼ 40.0%€9.94M▼ 18.0%€11.85M▲ 19.1%
Equity€5.73M-€5.95M▲ 3.9%€4.83M▼ 18.8%€4.42M▼ 8.5%€3.78M▼ 14.4%
Operating result€1.19M-€374k▼ 68.6%€-982k€-305k▲ 68.9%€-468k▼ 53.2%
Net result€1.04M-€221k▼ 78.7%€-1.12M€-412k▲ 63.2%€-638k▼ 54.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €468k in 2025 against €305k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.25M
Fixed assets
€1.26M▼ 4.0%
Current assets
€8.99M▲ 27.4%
Equity and liabilities €10.25M
Equity
€3.78M▼ 14.4%
Debt
€6.47M▲ 63.7%
The debt ratio rises from 47.2% to 63.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-132k▼
2024 · €-54k
Cash flow
€-302k▼
2024 · €-160k
Solvency
36.9%▼
2024 · 52.8%
Current ratio
2.35▼
2024 · 6.25
Quick ratio
1.00▼
2024 · 2.44
Debt / equity
1.71▲
2024 · 0.89
ROE
-16.9%▼
2024 · -9.3%
ROA
-6.2%▼
2024 · -4.9%
Interest coverage
-0.96▼
2024 · -0.74
Debt
€6.47M▲
2024 · €3.95M
Debt ≤ 1 year
€3.82M▲
2024 · €1.13M
Debt > 1 year
€2.62M▼
2024 · €2.77M
Income taxes
€3k▲
2024 · €1k
Staff costs
€2.12M▲
2024 · €1.55M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Total assets
20/58€8.37M€10.25M▲
Fixed assets
21/28€1.31M€1.26M▼
Intangible fixed assets
21€47k€675k▲
Tangible fixed assets
22/27€1.26M€578k▼
Financial fixed assets
28€8k€8k=
Current assets
29/58€7.06M€8.99M▲
Stocks & contracts in progress
3€4.30M€5.17M▲
Amounts receivable within one year
40/41€2.48M€2.56M▲
Cash & bank
54/58€69k€445k▲
Total equity & liabilities
10/49€8.37M€10.25M▲
Equity
10/15€4.42M€3.78M▼
Contributions / capital
10/11€7.50M€7.50M=
Reserves
13€770k€770k=
Accumulated profits (losses)
14€-3.85M€-4.49M▼
Provisions & deferred taxes
16€0-
Amounts payable
17/49€3.95M€6.47M▲
Amounts payable after one year
17€2.77M€2.62M▼
Amounts payable within one year
42/48€1.13M€3.82M▲
Trade debts payable within one year
44€650k€990k▲
Income statement
Code20242025
Turnover
70€9.94M€11.85M▲
Operating result
9901€-305k€-468k▼
Financial income
75€13k€27k▲
Financial charges
65€134k€195k▲
Result before taxes
9903€-427k€-636k▼
Income taxes
67/77€1k€3k▲
Net result for the period
9904€-412k€-638k▼
Result to be appropriated
9905€-357k€-638k▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 29 days late
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
22-10
State Gazette act
Minor change
Fiscal year change · Xavier Kerckhove
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
28-02
State Gazette act
Director changes
v3.2
31-01
State Gazette act
Statutes amendment
v3.2
2023
31-12
Financial
Weakest financial yearnet €-1.12M ▼606%
Net result drops to €-1.12M, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-08
State Gazette act
Statutes amendment
v3.2
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
09-05
State Gazette act
Director changes
v3.2
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-12
State Gazette act
Director changes
v3.2
17-10
State Gazette act
Director changes
v3.2
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
7 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 7 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
8 directors, last change in 2024
IDE Peter André Adolf
CurrentNon-statutory director · since 31-01-2024
Luc Grauwet
CurrentNon-statutory director · since 31-01-2024
Steven Ide
Not recently confirmedManager · since 09-05-2019
Veerle Santens
Not recently confirmedPermanente vertegenwoordiger commissaris · since 17-10-2017
31-01-2024
IDE Peter André Adolf: Resigned as Statutair bestuurder
31-01-2024
IDE Peter André Adolf: Appointed as Non-statutory director
31-01-2024
Luc Grauwet: Appointed as Non-statutory director
31-01-2024
IDE Steven André Adolf: Resigned as Statutair bestuurder
06-08-2020
IDE Peter André Adolf: Appointed as Statutaire bestuurder
06-08-2020
IDE Steven André Adolf: Appointed as Statutaire bestuurder
06-08-2020
IDE Leon Paul Raymond: Resigned as Statutaire bestuurder
09-05-2019
Steven Ide: Appointed as Manager
29-12-2017
Leon IDE: Resigned as Manager
17-10-2017
Veerle Santens: Appointed as Permanente vertegenwoordiger commissaris
17-10-2017
Koen De Brabander: Resigned as Permanente vertegenwoordiger commissaris
Not every act has been read: a resignation may be missing here
6 of this company's 13 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Spiere-Helkijn · 1 establishment unit since 2001
Ground area
4.4 ha
Building footprint
1.2 ha
Volume, LiDAR
94,038 m³
Parcel 34036C0037/00D000, Flanders · tallest building 19.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Industriepark 8, 8587 Spiere-Helkijn
since 20012.095.453.386
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34036C0037/00D000 | Flanders | 4.4 ha | 1 · 1.2 ha | 19.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
4 auditors| Geoffrey LoonjtensCurrent Statutory auditor | 28-02-2024 → present |
Show 3 earlier auditors
| BDO Bedrijfsrevisoren Burg. Ven CVBA Statutory auditor succeeded by FIGURAD BEDRIJFSREVISOREN in 2020 | 17-10-2017 → 06-08-2020 |
| BV ovv BVBA Figurad Statutory auditor succeeded by FIGURAD BEDRIJFSREVISOREN in 2020 | 17-10-2017 → 06-08-2020 |
| FIGURAD BEDRIJFSREVISOREN Statutory auditor succeeded by Geoffrey Loonjtens in 2024 | 06-08-2020 → 28-02-2024 |
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
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DE COENE - PRODUCTS
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Houtzagerij en Houthandel Pieter Van Mechgelen
BE 0423.468.643
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P. GELDOF
BE 0417.271.333
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INTERWOOD PRODUCT
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Charleroi · Eq €3.68M
Of 664 companies in sector 16110 we hold annual accounts for 315. 161 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-10-2001
Fiscal year end30-09
Activities, NACEBEL
16110Sawmilling and planing of wood
16230Manufacture of other builders' carpentry and joinery
20200
20300
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
20102
47522Retail trade
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 7 actsNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 29-08-2026. Scores and ratios are computed by Checked and are not a credit decision.