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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 21-10-2026 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).

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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 end22-10-2026 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

Financials · financial year 2025, full format

2025 annual accounts filed late (29 days) Filed on 29 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00130253.

Turnover
€11.8m▲ 19.1%
2024 · €9.9m
EBIT margin
-4.0%▼ 0.9pp
2024 · -3.1%
Net result
-€638,440▼ 54.9%
2024 · -€412,042
Working capital
€5.2m▼ 12.9%
2024 · €5.9m
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 6 financial years

The operating result stays negative: a loss of €468,020 in 2025 against €305,410 in 2024; the loss grows.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€11.8m 2025 Operating result-€0.5m 2025 Net result-€0.6m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line201920212022202320242025
Turnover€14.8m-€23.6m-€20.2m▼ 14.3%€12.1m▼ 40.0%€9.9m▼ 18.0%€11.8m▲ 19.1%
Operating result€1.7m-€1.2m-€0.4m▼ 68.6%-€1.0m-€0.3m▲ 68.9%-€0.5m▼ 53.2%
Net result€1.4m-€1.0mabove the sector's middle half-€0.2mwithin the sector's middle half▼ 78.7%-€1.1mbelow the sector's middle half-€0.4mbelow the sector's middle half▲ 63.2%-€0.6mbelow the sector's middle half▼ 54.9%
EBIT margin11.3%-5.0%-1.8%▼ 3.2pp-8.1%▼ 9.9pp-3.1%▲ 5.0pp-4.0%▼ 0.9pp
Equity€3.8m-€5.7mabove the sector's middle half-€6.0mabove the sector's middle half▲ 3.9%€4.8mabove the sector's middle half▼ 18.8%€4.4mabove the sector's middle half▼ 8.5%€3.8mwithin the sector's middle half▼ 14.4%
Total assets€8.2m-€15.0mabove the sector's middle half-€12.6mabove the sector's middle half▼ 15.9%€9.0mwithin the sector's middle half▼ 28.3%€8.4mwithin the sector's middle half▼ 7.1%€10.2mabove the sector's middle half▲ 22.4%
Debt€4.3m-€9.1m-€6.6m▼ 28.1%€4.2m▼ 36.7%€3.9m▼ 5.2%€6.5m▲ 63.7%
Working capital€5.6m-€7.8mabove the sector's middle half-€7.8mabove the sector's middle half▼ 0.4%€6.5mabove the sector's middle half▼ 16.9%€5.9mabove the sector's middle half▼ 8.3%€5.2mabove the sector's middle half▼ 12.9%
Solvency46.0%-38.3%within the sector's middle half-47.3%within the sector's middle half▲ 9.0pp53.6%within the sector's middle half▲ 6.3pp52.8%within the sector's middle half▼ 0.8pp36.9%within the sector's middle half▼ 15.9pp
Current ratio4.85-2.30above the sector's middle half-3.25above the sector's middle half▲ 0.966.17above the sector's middle half▲ 2.916.25above the sector's middle half▲ 0.082.35within the sector's middle half▼ 3.90
Return on assets (ROA)16.4%-6.9%within the sector's middle half-1.8%within the sector's middle half▼ 5.2pp-12.4%below the sector's middle half▼ 14.2pp-4.9%below the sector's middle half▲ 7.5pp-6.2%below the sector's middle half▼ 1.3pp
Staff (FTE)25.5-30.8above the sector's middle half-33.4above the sector's middle half▲ 8.4%30.7above the sector's middle half▼ 8.1%28.9above the sector's middle half▼ 5.9%28.5within the sector's middle half▼ 1.4%
above within below the middle half of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
  • 2025 Net result -55% on 2024. The previous financial year ran 9 months, this one 12.
  • 2024 Net result +63% on 2023. This financial year ran 9 months, the previous one 12.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.2m
Fixed assets €1.3m ▼ 4.0%
Current assets €9.0m ▲ 27.4%
Equity and liabilities €10.2m
Equity €3.8m ▼ 14.4%
Debt €6.5m ▲ 63.7%
Debt's share of the balance-sheet total rises from 47.2% to 63.1%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€131,879▼
2024 · -€53,654
Cash flow
-€302,299▼
2024 · -€160,287
Quick ratio
1.00▼
2024 · 2.44
Debt to equity
1.71▲
2024 · 0.89
ROE
-16.9%▼
2024 · -9.3%
Interest coverage
-0.96▼
2024 · -0.74
Debt ≤ 1 year
€3.8m▲
2024 · €1.1m
Debt > 1 year
€2.6m▼
2024 · €2.8m
Income taxes
€2,618▲
2024 · €1,450
Staff costs
€2.1m▲
2024 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94.2% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 8,617 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 85 lines
Balance sheet Code20242025
Assets
Total assets20/58€8.4m€10.2m▲
Fixed assets21/28€1.3m€1.3m▼
Intangible fixed assets21€0.05m€0.7m▲
Tangible fixed assets22/27€1.3m€0.6m▼
Land and buildings22€0-
Plant, machinery and equipment23€0.3m€0.3m▲
Furniture and vehicles24€0.02m€0.01m▼
Leasing and similar rights25€0.4m€0.2m▼
Other tangible fixed assets26€0.004m€0.003m▼
Assets under construction and advance payments27€0.5m€0▼
Financial fixed assets28€0.008m€0.008m=
Companies linked by participating interests282/3€0.008m€0.008m=
Participating interests282€0.008m€0.008m=
Current assets29/58€7.1m€9.0m▲
Stocks and contracts in progress3€4.3m€5.2m▲
Stocks30/36€4.3m€5.2m▲
Raw materials and consumables30/31€1.0m€1.7m▲
Work in progress32€0.5m€0.7m▲
Finished goods33€1.0m€1.3m▲
Goods purchased for resale34€1.9m€1.4m▼
Amounts receivable within one year40/41€2.5m€2.6m▲
Trade receivables40€2.5m€2.6m▲
Other amounts receivable41€0.007m€0.007m▲
Cash at bank and in hand54/58€0.07m€0.4m▲
Deferred charges and accrued income490/1€0.2m€0.8m▲
Equity and liabilities
Total equity and liabilities10/49€8.4m€10.2m▲
Equity10/15€4.4m€3.8m▼
Contributions10/11€7.5m€7.5m=
Reserves13€0.8m€0.8m=
Tax-exempt reserves132€0-
Distributable reserves133€0.8m€0.8m=
Profit (loss) carried forward14-€3.9m-€4.5m▼
Provisions and deferred taxes16€0-
Deferred taxes168€0-
Amounts payable17/49€3.9m€6.5m▲
Amounts payable after more than one year17€2.8m€2.6m▼
Financial debts170/4€0.3m€0.1m▼
Leasing and similar obligations172€0.3m€0.1m▼
Other amounts payable178/9€2.5m€2.5m=
Amounts payable within one year42/48€1.1m€3.8m▲
Current portion of amounts payable after more than one year42€0.2m€0.1m▼
Financial debts43€0.002m€2.3m▲
Credit institutions430/8€0.002m€2.3m▲
Trade debts44€0.7m€1.0m▲
Suppliers440/4€0.7m€1.0m▲
Taxes, remuneration and social security45€0.3m€0.4m▲
Taxes450/3€0.03m€0.07m▲
Remuneration and social security454/9€0.3m€0.3m▲
Accrued charges and deferred income492/3€0.05m€0.02m▼
Income statement Code20242025
Operating income70/76A€9.9m€13.2m▲
Turnover70€9.9m€11.8m▲
Change in stocks of work in progress, finished goods and contracts in progress71-€0.2m€0.5m▲
Other operating income74€0.1m€0.9m▲
Operating charges60/66A€10.2m€13.7m▲
Goods for resale, raw materials and consumables60€5.7m€7.6m▲
Purchases600/8€4.7m€8.4m▲
Change in stocks: decrease (increase)609€1.0m-€0.9m▼
Services and other goods61€2.5m€3.1m▲
Remuneration, social security and pensions62€1.5m€2.1m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.3m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.02m€0.5m▲
Other operating charges640/8€0.09m€0.1m▲
Non-recurring operating charges66A-€0.002m
Operating profit (loss)9901-€0.3m-€0.5m▼
Financial income75/76B€0.01m€3.4m▲
Recurring financial income75€0.01m€0.03m▲
Income from current assets751€0.001m€0.001m▲
Other financial income752/9€0.01m€0.03m▲
Non-recurring financial income76B-€3.4m
Financial charges65/66B€0.1m€3.6m▲
Recurring financial charges65€0.1m€0.2m▲
Debt charges650€0.07m€0.1m▲
Other financial charges652/9€0.06m€0.06m▼
Non-recurring financial charges66B-€3.4m
Profit (loss) for the period before taxes9903-€0.4m-€0.6m▼
Transfer from deferred taxes780€0.02m€0▼
Income taxes67/77€0.001m€0.003m▲
Taxes670/3€0.001m€0.003m▲
Tax adjustments and reversals of tax provisions77-€10
Profit (loss) for the period9904-€0.4m-€0.6m▼
Transfer from tax-exempt reserves789€0.06m€0▼
Profit (loss) for the period to be appropriated9905-€0.4m-€0.6m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€3.9m-€4.5m▼
Profit (loss) brought forward from the previous period14P-€3.5m-€3.9m▼
Social balance sheet
Average headcount (FTE)908728.928.5▼

The notes to these accounts (114 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201920212022202320242025Change
Operating income70/76A-€25.8m€19.4m€11.0m€9.9m€13.2m▲ 34.4%
Turnover70€14.8m€23.6m€20.2m€12.1m€9.9m€11.8m▲ 19.1%
Change in stocks of work in progress, finished goods and contracts in progress71-€2.1m-€1.0m-€1.3m-€0.2m€0.5m-
Other operating income74-€0.2m€0.2m€0.1m€0.1m€0.9m▲ 638%
Operating charges60/66A-€24.7m€19.0m€12.0m€10.2m€13.7m▲ 35.0%
Goods for resale, raw materials and consumables60-€16.6m€12.3m€6.2m€5.7m€7.6m▲ 32.3%
Purchases600/8-€19.1m€12.9m€4.7m€4.7m€8.4m▲ 79.4%
Change in stocks: decrease (increase)609--€2.6m-€0.7m€1.6m€1.0m-€0.9m-
Services and other goods61-€5.3m€4.3m€3.5m€2.5m€3.1m▲ 21.7%
Remuneration, social security and pensions62-€1.8m€1.9m€1.8m€1.5m€2.1m▲ 36.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.4m€0.4m€0.4m€0.3m€0.3m▲ 33.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€0.01m-€0.004m€0.02m€0.5m▲ 2,819%
Other operating charges640/8-€0.2m€0.1m€0.1m€0.09m€0.1m▲ 10.3%
Non-recurring operating charges66A-€0.4m€0.07m--€0.002m-
Operating profit (loss)9901€1.7m€1.2m€0.4m-€1.0m-€0.3m-€0.5m▼ 53.2%
Financial income75/76B-€0.03m€0.04m€0.01m€0.01m€3.4m▲ 27,025%
Recurring financial income75€0.009m€0.03m€0.04m€0.01m€0.01m€0.03m▲ 117%
Income from current assets751----€0.001m€0.001m▲ 126%
Other financial income752/9-€0.03m€0.04m€0.01m€0.01m€0.03m▲ 116%
Non-recurring financial income76B-----€3.4m-
Financial charges65/66B-€0.2m€0.2m€0.2m€0.1m€3.6m▲ 2,587%
Recurring financial charges65€0.2m€0.2m€0.2m€0.2m€0.1m€0.2m▲ 45.8%
Debt charges650€0.1m€0.07m€0.1m€0.1m€0.07m€0.1m▲ 89.4%
Other financial charges652/9-€0.1m€0.1m€0.07m€0.06m€0.06m▼ 5.9%
Non-recurring financial charges66B-----€3.4m-
Profit (loss) for the period before taxes9903€1.5m€1.0m€0.2m-€1.1m-€0.4m-€0.6m▼ 49.0%
Transfer from deferred taxes780-€0.03m€0.03m€0.03m€0.02m€0▼ 100%
Income taxes67/77€0.004m€0.02m€0.002m€0.002m€0.001m€0.003m▲ 80.6%
Taxes670/3-€0.02m€0.002m€0.002m€0.001m€0.003m▲ 81.3%
Tax adjustments and reversals of tax provisions77-----€10-
Profit (loss) for the period9904€1.4m€1.0m€0.2m-€1.1m-€0.4m-€0.6m▼ 54.9%
Transfer from tax-exempt reserves789-€0.08m€0.08m€0.08m€0.06m€0▼ 100%
Profit (loss) for the period to be appropriated9905€1.0m€1.1m€0.3m-€1.0m-€0.4m-€0.6m▼ 79.0%
Line201920212022202320242025Change
Assets
Total assets20/58€8.2m€15.0m€12.6m€9.0m€8.4m€10.2m▲ 22.4%
Fixed assets21/28€1.2m€1.1m€1.3m€1.3m€1.3m€1.3m▼ 4.0%
Intangible fixed assets21€0.007m-€0.08m€0.06m€0.05m€0.7m▲ 1,328%
Tangible fixed assets22/27€1.2m€1.1m€1.2m€1.2m€1.3m€0.6m▼ 54.0%
Land and buildings22-€0.02m€0.01m€0.001m€0--
Plant, machinery and equipment23-€0.2m€0.4m€0.3m€0.3m€0.3m▲ 23.9%
Furniture and vehicles24-€0.04m€0.03m€0.02m€0.02m€0.01m▼ 42.1%
Leasing and similar rights25-€0.8m€0.9m€0.6m€0.4m€0.2m▼ 43.2%
Other tangible fixed assets26----€0.004m€0.003m▼ 21.1%
Assets under construction and advance payments27-€0.09m-€0.3m€0.5m€0▼ 100%
Financial fixed assets28€0.008m€0.008m€0.008m€0.008m€0.008m€0.008m=
Affiliated companies280/1-€0.008m€0.008m€0.008m---
Participating interests280-€0.008m€0.008m€0.008m---
Companies linked by participating interests282/3----€0.008m€0.008m=
Participating interests282----€0.008m€0.008m=
Current assets29/58€7.1m€13.9m€11.2m€7.7m€7.1m€9.0m▲ 27.4%
Stocks and contracts in progress3€4.0m€8.7m€8.4m€5.5m€4.3m€5.2m▲ 20.3%
Stocks30/36-€8.7m€8.4m€5.5m€4.3m€5.2m▲ 20.3%
Raw materials and consumables30/31-€1.8m€1.8m€1.2m€1.0m€1.7m▲ 79.4%
Work in progress32-€1.3m€1.1m€0.7m€0.5m€0.7m▲ 36.4%
Finished goods33-€2.6m€1.8m€1.0m€1.0m€1.3m▲ 36.0%
Goods purchased for resale34-€2.9m€3.6m€2.7m€1.9m€1.4m▼ 22.8%
Amounts receivable within one year40/41€2.4m€4.4m€2.7m€2.0m€2.5m€2.6m▲ 3.2%
Trade receivables40-€4.2m€2.6m€2.0m€2.5m€2.6m▲ 3.2%
Other amounts receivable41-€0.1m€0.07m€0.03m€0.007m€0.007m▲ 3.0%
Cash at bank and in hand54/58€0.6m€0.7m€0.1m€0.07m€0.07m€0.4m▲ 545%
Deferred charges and accrued income490/1-€0.09m€0.09m€0.09m€0.2m€0.8m▲ 297%
Equity and liabilities
Total equity and liabilities10/49€8.2m€15.0m€12.6m€9.0m€8.4m€10.2m▲ 22.4%
Equity10/15€3.8m€5.7m€6.0m€4.8m€4.4m€3.8m▼ 14.4%
Contributions10/11€7.5m€7.5m€7.5m€7.5m€7.5m€7.5m=
Reserves13€1.1m€1.0m€0.9m€0.8m€0.8m€0.8m=
Tax-exempt reserves132-€0.2m€0.1m€0.06m€0--
Distributable reserves133-€0.8m€0.8m€0.8m€0.8m€0.8m=
Profit (loss) carried forward14-€4.8m-€2.8m-€2.5m-€3.5m-€3.9m-€4.5m▼ 16.6%
Provisions and deferred taxes16€0.2m€0.07m€0.04m€0.02m€0--
Deferred taxes168-€0.07m€0.04m€0.02m€0--
Amounts payable17/49€4.3m€9.1m€6.6m€4.2m€3.9m€6.5m▲ 63.7%
Amounts payable after more than one year17€2.8m€3.1m€3.1m€2.9m€2.8m€2.6m▼ 5.4%
Financial debts170/4-€0.6m€0.6m€0.4m€0.3m€0.1m▼ 55.1%
Leasing and similar obligations172-€0.6m€0.6m€0.4m€0.3m€0.1m▼ 55.1%
Other amounts payable178/9-€2.5m€2.5m€2.5m€2.5m€2.5m=
Amounts payable within one year42/48€1.5m€6.0m€3.5m€1.3m€1.1m€3.8m▲ 239%
Current portion of amounts payable after more than one year42-€0.2m€0.3m€0.2m€0.2m€0.1m▼ 20.4%
Financial debts43-€2.5m€1.3m€0.2m€0.002m€2.3m▲ 93,623%
Credit institutions430/8-€2.5m€1.3m€0.2m€0.002m€2.3m▲ 93,623%
Trade debts44€0.7m€2.4m€1.2m€0.6m€0.7m€1.0m▲ 52.2%
Suppliers440/4-€2.4m€1.2m€0.6m€0.7m€1.0m▲ 52.2%
Taxes, remuneration and social security45-€0.2m€0.2m€0.2m€0.3m€0.4m▲ 43.2%
Taxes450/3-€0.04m€0.05m€0.04m€0.03m€0.07m▲ 160%
Remuneration and social security454/9-€0.2m€0.2m€0.2m€0.3m€0.3m▲ 31.9%
Other amounts payable47/48-€0.8m€0.6m----
Accrued charges and deferred income492/3-€0.008m€0.005m€0.004m€0.05m€0.02m▼ 59.7%
Line201920212022202320242025Change
Profit (loss) for the period9904€1.4m€1.0m€0.2m-€1.1m-€0.4m-€0.6m▼ 54.9%
+ Depreciation and write-downs630€0.3m€0.4m€0.4m€0.4m€0.3m€0.3m▲ 33.5%
Operating cash flow (approximation)€1.6m€1.4m€0.6m-€0.7m-€0.2m-€0.3m▼ 88.6%
Investment in fixed assets (approximation)---€0.6m-€0.3m-€0.3m-€0.3m▼ 5.3%
Change in cash---€0.6m-€0.02m-€0.005m€0.4m-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 25 filings with the National Bank
Financial year Type Filed Reference
30-09-2025 full format 29-05-2026 2026-00130253
30-09-2024 full format 28-05-2025 2025-00116629
31-12-2023 full format 02-07-2024 2024-00230874
31-12-2022 full format 11-07-2023 2023-00238037
31-12-2021 full format 19-07-2022 2022-20210775
31-12-2020 full format 08-07-2021 2021-34900120
31-12-2019 full format 29-06-2020 2020-23000557
31-12-2018 full format 02-07-2019 2019-27600392
31-12-2017 full format 13-07-2018 2018-33500287
31-12-2016 full format 14-07-2017 2017-31800470

Show all 25 filings

Subsidies and aid

Flemish government

2022 to 2025 · 7 entries · €25,788 awarded · €25,850 paid
Year Entries AwardedPaid
2025 1 €378€368
2024 2 €8,886€8,886
2023 2 €12,579€12,744
2022 2 €3,945€3,852
Schemes
2 entries · €15,827 · €15,827 paid · Departement Werk en Sociale Economie
1 entry · €7,500 · €7,500 paid · Vlaams Agentschap voor Internationaal Ondernemen
4 entries · €2,461 · €2,523 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, last change in 2024

Board 1

luc grauwet
Director (not named in the articles) · since 22-12-2023 · Private limited company
Current

Statutory auditor 1

Figurad Bedrijfsrevisoren
Statutory auditor · since 28-02-2024 · permanent representative: Geoffrey Loonjtens
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
10 of this company's 13 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

4 people since 2023, 2 in office
Show
  • Board
  • Statutory auditor
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
luc grauwet
  • Director (not named in the articles), from 22-12-2023 to date
Figurad Bedrijfsrevisoren
  • Statutory auditor, from 28-02-2024 to date
IDE Peter André Adolf
  • Director (not named in the articles), from 22-12-2023 to 31-01-2024
IDE Steven André Adolf
  • Statutory director, until 31-01-2024
See the board, name and registered office on a given date →

Owners and capital

Owners

2 owners

Chain of control

  1. Palettes Gestion Services SASFR consolidates
  2. IDE Group 100%
  3. SOLID

Highest known parent: Palettes Gestion Services SAS (France). The sources do not say who stands above it.

Owners 2

According to the annual accounts to 30-09-2025 of SOLID and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Capital over the years
  1. 31-01-2024 Capital stated in the deed · 18,936 shares

Group and network

Holdings and subsidiaries

1 holding

Holdings 1

According to the annual accounts to 30-09-2025 of SOLID and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Connections & network

5 connected companies
Depth
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
BioHeat Belgium
Shared corporate director
→
Bowers
Shared corporate director
→
Finimmo Belgium
Shared corporate director
→
Get It Done
Shared corporate director
→
Show 1 more companies with a shared director
PGS RODANAR PALLETS
Shared corporate director
→

History

On 16 October 2001, SOLID was incorporated.1 Turnover went from €14.8m in 2019 to €11.8m in 2025 and headcount from 25.5 to 28.5 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 30-04-2027
2026
29-05
NBB filing Annual accounts filed
financial year 2025 · full format · 29 days late
2025
28-05
NBB filing Annual accounts filed
financial year 2024 · full format · 28 days late
2024
22-10
Gazette deed Algemene Vergadering - Boekjaar
Power of attorney2 facts ▸
  • General meeting, 27-09-2024
  • Power of attorney
02-07
NBB filing Annual accounts filed
financial year 2023 · full format
28-02
Gazette deed Reappointment: Figurad Bedrijfsrevisoren (statutory auditor)
4 facts ▸
  • General meeting, 28-06-2023
  • Auditor reappointment, Figurad Bedrijfsrevisoren (statutory auditor)
  • Other provision, “vertegenwoordigd door” (deed in Dutch)
  • Other provision, “kopie na neerlegging van de akte ter griffie”, 24035593 (deed in Dutch)
31-01
Gazette deed Resignations: IDE Steven André Adolf (statutory director) and IDE Peter André Adolf (statutory director)
Appointments: IDE Peter André Adolf (director) and Luc Grauwet (director) · Permanent representative: Luc Grauwet · Power of attorney10 facts ▸
  • Other provision, “volmacht voor coördinatie, DERDE BESLISSING” (deed in Dutch)
  • Power of attorney
  • General meeting, 22-12-2023
  • Director resignation, IDE Steven André Adolf (statutory director)
  • Director resignation, IDE Peter André Adolf (statutory director)
  • Director appointment, IDE Peter André Adolf (director (not named in the articles))
  • Director appointment, Luc Grauwet (director (not named in the articles))
  • Permanent representative, Luc Grauwet
  • Amendment of the articles
  • Capital
2023
31-12
Financial Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series; recovery starts the following year.
11-07
NBB filing Annual accounts filed
financial year 2022 · full format
2022
19-07
NBB filing Annual accounts filed
financial year 2021 · full format
2021
31-12
Financial Equity above €5mequity €5.7m ▲51.3%
A profit in every financial year since 2019 builds equity to €5.7m.
08-07
NBB filing Annual accounts filed
financial year 2020 · full format
2020
29-06
NBB filing Annual accounts filed
financial year 2019 · full format
Show earlier events
2019
02-07
NBB filing Annual accounts filed
financial year 2018 · full format
2018
13-07
NBB filing Annual accounts filed
financial year 2017 · full format
2017
14-07
NBB filing Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 25 annual accounts filed, the latest 10 are here; all 25 are under Financials.
3 of 13 deeds read
About the unread acts

Of the 13 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded16-10-2001
Financial year end30-09
Activities, NACEBEL 2025
16110Sawmilling and planing of wood
16230Manufacture of other builders' carpentry and joinery
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
47522Retail trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0475877446
Also 9925:BE0475877446

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 21 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Spiere-Helkijn/Espierres-Helchinunit no. 2.095.453.386
2 permissions
Authorisation · Handelsinrichting hout ISPM 15 · since 06-06-2025
Groothandel hout schors · since 05-09-2013

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Spiere-Helkijn · 1 establishment unit since 2001
registered office establishment The establishment unit on the map
Ground area
4.4 ha
Building footprint
1.2 ha
Building volume
94,038 m³
Parcel 34036C0037/00D000, Flanders · tallest building 19.5 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Industriepark 8, 8587 Spiere-Helkijn
Sawmilling and planing of wood
since 2001unit no. 2.095.453.386
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
34036C0037/00D000 Flanders 4.4 ha 1 · 1.2 ha 19.5 m · 3
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“De productie van diverse houtproducten voor bouw-,tuin en doe-het-zelf,het impregneren van houtproducten,import en export van diverse…” (deed in Dutch)
7 activities (deed in Dutch)
  1. De productie van diverse houtproducten voor bouw-,tuin en doe-het-zelf,het impregneren van houtproducten,import en export van diverse houtproducten.Dit alles in de meest uitgebreide betekenis van de termen;
  2. De aan-en verkoop,in–en uitvoer,groot-en kleinhandel van las of vlasachtige vezels.Het bewerken en spinnen,braken en zwingelen van vlas of vlasachtige vezels en alles wat hiermee rechtstreeks of onrechtstreeks verband houdt;
  3. De aan-en verkoop,in-en uitvoer,groot-en kleinhandel van een uitgebreid gamma van tuinbenodigdheden en decoratieartikelen,zowel voor de tuin als binnenshuis,zoals daar zijn tuin-en terrasmeubelen,beelden,tuinkabouters,barbecues en dergelijke;
  4. De aan-en verkoop,in-en uitvoer,groot-en kleinhandel van artikelen van beton,cement gips of kunststeen die geen rechtstreeks verband houden met de bouw,zoals daar zijn,beeldjes,meubelen,bas-en haut reliëfs,decoratieve elementen,bloempotten enzovoort;
  5. De aan-en verkoop,in-en uitvoer,groot-en kleinhandel van vaste brandstoffen,zoals steenkool,houtskool,brandhout enzovoort;
  6. Het aanleggen,oordeelkundig uitbouwen,beheren,onderhouden en verhandelen van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen,activa,zaken en rechten,van welke aard ook,zoals de aan-en verkoop,de huur en verhuur,de ruil,het leasen en het onderhoud,vervangen en verhandelen;
  7. Het aanleggen,oordeelkundig uitbouwen,beheren,onderhouden en verhandelen van een onroerend vermogen;alle verrichtingen,studies en operaties met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan-en verkoop,bouw,verbouwing,aanpassing,binnenhuisinrichting en decoratie,huur en verhuur,ruil,lease,verkaveling,onderhoud en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten(daarin begrepen,doch niet beperkt tot de aan-en verkoop,huur en verhuur en andere soortgelijke verrichtingen inzake roerende goederen betreffende inrichting en uitrusting van onroerende goederen);

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
SOLID
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaamse Gewest, kan,bij enkel besluit van het bestuursorgaan,administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren…” (deed in Dutch)

deed of 31-01-2024

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1” (deed in Dutch)

deed of 31-01-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
21 March at 14:00

deed of 22-10-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

1 more provision in the deed, see the deed of 28-02-2024
Liquidation distribution: “Netto actief onder alle aandeelhouders naar verhouding aantal aandelen,goederen in natura opzelfde wijze verdeeld” (deed in Dutch)
deed of 31-01-2024