Equity
Equity fell by 80% in 8 years.
Equity fell by 80% in 8 years.
The micro format states no turnover.
Of this, €219,010 falls due within a year.
Green is investment, beige is depreciation.
The last five annual accounts were filed 39 to 131 days before the end of the period.
Higher net result than 95% of companies in head offices and management consultancy. Sector median €27,142 · 39,376 companies.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 16% of them on solvency, 18% on liquidity, 84% on profitability and 55% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 1,325 companies had the same profile as SOLID + has now. Each dot stands for 4 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SOLID + itself is lower: 0.1% within 12 months. It rests on far more data about SOLID + than the profile alone.
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 1,325 companies, not a prediction for SOLID +. 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.
Liquidity is insufficient, with a current ratio of 0.8 (1.01 in 2024), below 1. Short-term debt is 79.2% and cash 25.2% of total assets. 90.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 103 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SOLID + Stekene | €276,646 | €315,307 | 9.2% | - |
| Few Software Ghent | €265,203 | €307,293 | 54.8% | - |
| DE WOONSTUDIE Lierde | €328,298 | €289,642 | 5.2% | - |
| G.A.P. Aalter | €325,415 | €318,787 | 56.9% | - |
| MUST & Partners Brussels | €288,977 | €307,193 | 57.9% | - |
| RMA Services Huy | €315,520 | €359,479 | 6.5% | - |
| Bernard GOFFINET Chaudfontaine | €284,978 | €280,520 | 14.3% | - |
These companies have the same main activity as SOLID +: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €265,000 and €328,000, founded between 2012 and 2015.
SOLID + files the micro format. That format states no turnover. The gross margin rose from €102,317 in 2014 to €315,307 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €450,000. Estimated: probably between €370,000 and €790,000.
Higher than 16% of 39,360 companies in 2025.
Higher than 18% of 38,044 companies in 2025.
Higher than 95% of 38,516 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
276,646 | 254,522 | 230,991 | 196,110 | 113,898 | 156,274 | 169,672 | 247,409 | 205,395 | 230,619 | 134,647 | 118,113 | |
21/28 |
102,382 | 21,957 | 34,312 | 45,994 | 59,990 | 75,568 | 15,689 | 28,199 | 41,574 | 53,970 | 18,488 | 25,756 | |
22/27 |
102,382 | 21,957 | 34,312 | 45,994 | 59,990 | 75,568 | 15,689 | 28,199 | 41,574 | 53,970 | 18,488 | 25,756 | |
24 |
102,382 | 21,602 | 33,602 | 44,929 | 58,570 | 73,794 | 13,560 | 25,714 | 38,735 | 50,775 | 18,488 | 25,756 | |
26 |
0 | 355 | 710 | 1,065 | 1,420 | 1,775 | 2,130 | 2,484 | 2,839 | 3,194 | - | - | |
29/58 |
174,264 | 232,565 | 196,679 | 150,116 | 53,908 | 80,705 | 153,983 | 219,210 | 163,821 | 176,650 | 116,159 | 92,356 | |
29 |
- | - | - | - | - | - | - | 115,000 | - | - | - | - | |
291 |
- | - | - | - | - | - | - | 115,000 | - | - | - | - | |
40/41 |
102,487 | 36,122 | 35,801 | 49,250 | 49,225 | 35,203 | 35,471 | 33,180 | 58,362 | 97,747 | 22,452 | 24,059 | |
40 |
102,487 | 34,304 | 31,037 | 34,304 | 33,396 | 31,944 | 29,766 | 27,588 | 26,620 | 21,175 | 21,952 | 23,559 | |
41 |
0 | 1,818 | 4,765 | 14,946 | 15,829 | 3,259 | 5,705 | 5,592 | 31,742 | 76,572 | 500 | 500 | |
54/58 |
69,745 | 195,820 | 158,466 | 100,356 | 2,383 | 44,787 | 117,306 | 69,864 | 104,257 | 78,903 | 93,553 | 67,970 | |
490/1 |
2,032 | 624 | 2,412 | 510 | 2,300 | 716 | 1,206 | 1,167 | 1,202 | - | 154 | 327 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
276,646 | 254,522 | 230,991 | 196,110 | 113,898 | 156,274 | 169,672 | 247,409 | 205,395 | 230,619 | 134,647 | 118,113 | |
10/15 |
25,461 | 23,559 | 23,830 | 23,257 | 22,451 | 21,659 | 21,450 | 72,563 | 128,407 | 67,507 | 119,443 | 79,457 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
2,850 | 2,850 | 2,850 | 2,850 | 2,850 | 2,850 | 2,850 | 53,963 | 109,807 | 48,907 | 100,843 | 60,857 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
133 |
2,850 | 2,850 | 2,850 | 990 | 990 | 990 | 990 | 52,103 | 107,947 | 47,047 | 98,983 | 58,997 | |
14 |
4,011 | 2,109 | 2,380 | 1,807 | 1,002 | 210 | - | - | - | - | - | - | |
17/49 |
251,185 | 230,963 | 207,161 | 172,853 | 91,447 | 134,614 | 148,223 | 174,846 | 76,988 | 163,112 | 15,204 | 38,655 | |
17 |
31,942 | - | - | - | 0 | 27,642 | - | 10,945 | 22,766 | 34,464 | - | - | |
170/4 |
31,942 | - | - | - | 0 | 27,642 | - | 10,945 | 22,766 | 34,464 | - | - | |
42/48 |
219,010 | 229,149 | 203,058 | 167,359 | 85,443 | 102,267 | 146,274 | 162,401 | 49,723 | 125,648 | 12,932 | 36,460 | |
42 |
12,128 | - | - | 0 | 27,642 | 27,358 | 10,945 | 11,821 | 11,698 | 11,577 | - | - | |
44 |
2,114 | 798 | 704 | 2,008 | 653 | 567 | 602 | 13,367 | 1,667 | 2,555 | 923 | 295 | |
440/4 |
2,114 | 798 | 704 | 2,008 | 653 | 567 | 602 | 13,367 | 1,667 | 2,555 | 923 | 295 | |
45 |
21,654 | 17,482 | 16,692 | 16,805 | 17,650 | 9,189 | 894 | 761 | 357 | 4,016 | 4,566 | 4,944 | |
450/3 |
20,911 | 17,482 | 16,692 | 16,460 | 13,703 | 8,764 | - | 761 | 357 | - | 4,566 | 4,944 | |
454/9 |
743 | - | 0 | 345 | 3,947 | 424 | 894 | - | - | 4,016 | - | - | |
47/48 |
183,114 | 210,869 | 185,662 | 148,546 | 39,497 | 65,154 | 133,833 | 136,452 | 36,000 | 107,500 | 7,443 | 31,220 | |
492/3 |
233 | 1,814 | 4,102 | 5,494 | 6,004 | 4,705 | 1,949 | 1,500 | 4,500 | 3,000 | 2,272 | 2,196 | |
| Income statement | |||||||||||||
76A |
14,953 | - | - | - | 0 | 16,406 | - | - | - | - | - | - | |
9900 |
315,307 | 249,877 | 245,968 | 148,133 | 134,993 | 148,890 | 134,715 | 117,524 | 163,141 | 107,380 | 65,657 | 102,317 | |
630 |
15,214 | 17,008 | 15,997 | 15,226 | 15,579 | 1,380 | 13,808 | 13,375 | 13,375 | 13,605 | 7,269 | 9,218 | |
640/8 |
896 | 566 | 694 | 815 | 879 | 292 | 1,809 | 1,957 | 2,033 | 3,048 | 1,183 | 1,760 | |
66A |
- | - | - | - | - | - | - | - | - | 5,432 | - | - | |
9901 |
299,196 | 232,303 | 229,277 | 132,092 | 118,536 | 147,218 | 119,097 | 102,192 | 147,733 | 85,295 | 57,205 | 91,339 | |
75/76B |
737 | 546 | 254 | 0 | 18 | - | 2,740 | 2,998 | 3,070 | 1,937 | 328 | 140 | |
75 |
737 | 546 | 254 | 0 | 18 | - | 2,740 | 2,998 | 3,070 | 1,937 | 328 | 140 | |
65/66B |
1,173 | 1,884 | 2,700 | 3,733 | 4,761 | 2,193 | 255 | 434 | 539 | 317 | 896 | 2,101 | |
65 |
1,173 | 1,884 | 2,700 | 3,733 | 4,761 | 2,193 | 255 | 434 | 539 | 317 | 896 | 2,101 | |
9903 |
298,761 | 230,965 | 226,831 | 128,359 | 113,792 | 145,025 | 121,582 | 104,755 | 150,263 | 86,915 | 56,637 | 89,378 | |
67/77 |
76,858 | 58,236 | 57,258 | 27,554 | 24,000 | 29,816 | 28,930 | 24,599 | 53,364 | 31,351 | 16,651 | 28,521 | |
9904 |
221,902 | 172,729 | 169,573 | 100,805 | 89,792 | 115,210 | 92,651 | 80,156 | 96,900 | 55,564 | 39,986 | 60,857 | |
9905 |
221,902 | 172,729 | 169,573 | 100,805 | 89,792 | 115,210 | 92,651 | 80,156 | 96,900 | 55,564 | 39,986 | 60,857 | |
| Appropriation of the result | |||||||||||||
9906 |
224,011 | 175,109 | 171,380 | 101,807 | 90,002 | 115,210 | 92,651 | 80,156 | 96,900 | 55,564 | 39,986 | 60,857 | |
14P |
2,109 | 2,380 | 1,807 | 1,002 | 210 | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | 51,113 | 55,844 | - | 51,936 | - | - | |
691/2 |
- | - | - | - | - | - | - | - | 60,900 | - | 39,986 | 60,857 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | - | - | - | - | 60,900 | - | 39,986 | 58,997 | |
694/7 |
220,000 | 173,000 | 169,000 | 100,000 | 89,000 | 115,000 | 143,765 | 136,000 | 36,000 | 107,500 | - | - | |
694 |
220,000 | 173,000 | 169,000 | 100,000 | 89,000 | 115,000 | 143,765 | 136,000 | 36,000 | 107,500 | - | - | |
| Document | |||||||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 22-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00194869 | |
| 31-12-2024 | micro format | 26-03-2025 | 2025-00056113 | |
| 31-12-2023 | micro format | 07-05-2024 | 2024-00084504 | |
| 31-12-2022 | micro format | 22-03-2023 | 2023-00044055 | |
| 31-12-2021 | micro format | 10-05-2022 | 2022-20025033 | |
| 31-12-2020 | micro format | 17-03-2021 | 2021-08100363 | |
| 31-12-2019 | micro format | 03-04-2020 | 2020-08700552 | |
| 31-12-2018 | micro format | 19-07-2019 | 2019-35500017 | |
| 31-12-2017 | micro format | 13-07-2018 | 2018-32400590 | |
| 31-12-2016 | micro format | 06-07-2017 | 2017-28800503 | |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-25500244 | |
| 31-12-2014 | abbreviated format | 29-06-2015 | 2015-24100520 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 314,411 | 249,311 | 245,274 | 147,318 | 134,114 | 148,598 | 132,906 | 115,567 | 161,108 | 98,900 | 64,474 | 100,557 | ||
| 237,117 | 189,737 | 185,571 | 116,031 | 105,371 | 116,590 | 106,460 | 93,532 | 110,275 | 69,169 | 47,255 | 70,075 | ||
| 109,587 | 4,654 | 4,315 | 1,230 | 0 | 73,953 | 1,299 | 0 | 980 | 67,018 | 1 | 34,974 | ||
| -126,074 | 37,354 | 58,110 | 97,973 | -42,404 | -72,519 | 47,442 | -34,393 | 25,354 | -14,650 | 25,583 | - | ||
| -44,746 | 3,416 | -6,379 | -17,244 | -31,534 | -21,562 | 7,709 | 56,809 | 114,098 | 51,002 | 103,227 | 55,897 | ||
| 9.2% | 9.3% | 10.3% | 11.9% | 19.7% | 13.9% | 12.6% | 29.3% | 62.5% | 29.3% | 88.7% | 67.3% | ||
| 0.80 | 1.01 | 0.97 | 0.90 | 0.63 | 0.79 | 1.05 | 1.35 | 3.29 | 1.41 | 8.98 | 2.53 | ||
| 9.87 | 9.80 | 8.69 | 7.43 | 4.07 | 6.22 | 6.91 | 2.41 | 0.60 | 2.42 | 0.13 | 0.49 | ||
| 871.5% | 733.2% | 711.6% | 433.4% | 399.9% | 531.9% | 431.9% | 110.5% | 75.5% | 82.3% | 33.5% | 76.6% | ||
| 80.2% | 67.9% | 73.4% | 51.4% | 78.8% | 73.7% | 54.6% | 32.4% | 47.2% | 24.1% | 29.7% | 51.5% | ||
| over 100 | over 100 | 90.86 | 39.46 | 28.17 | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €109,587 | €4,654 | €4,315 | €1,230 | - |
| €15,214 | €17,008 | €15,997 | €15,226 | €15,579 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 29% higher than in 2024 and the highest since 2014. It is the fourth rise in a row, after the fall in 2021.
Debt's share of the balance-sheet total rises from 90.7% to 90.8%. Equity and debt are higher.
SOLID + has no parent and no holdings in its annual accounts. VERHEYE Dirk Roger is the only director. SOLID + shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Polken 77 registered office 9190 Stekene | 01-10-2013 | 2.222.322.854 |
| 14-08-2024 | Granted | Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning); Slopen van niet vrijstaande gebouwen of constructies; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 19-03-2024 · project 2023121195 | Provincie Oost-Vlaanderen |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46024B0757/00H000 | 1,044 m² | 1 · 156 m² | 10.4 m · 2 |
If something looks wrong or is missing, please tell us.