Equity
€691,154 ▲ 10.3%
Solid has made a profit in every financial year since 2021.
Solid
Lifetime
5 annual accounts with figures on one time axispeak €613,486 (2021)
€358,267▼ 23.3%
peak €249,841 (2021)
€64,523▼ 32.9%
peak €691,154 (2025)
€691,154▲ 10.3%
€1.7m▲ 13.3%
Board5 names since 2017
-
Documentsfilings and deeds
21-08-202621 days late
2025micro format
Gross margin from €466,985 to €358,267Result from €96,196 to €64,523Cash from €166,104 to €300,227
Key points
from the 2025 annual accountsTurnover
≈ €430,000 estimated
The micro format states no turnover.
Debts
€1.7m 72% of the balance sheet
Financial debts 17%Suppliers 3%Taxes and wages 2%Other 78%
Of this, €1.2m falls due within a year.
Liquidity
1.59 was 1.12 in 2024
Short-term debts fell from €1.2m to €1.2m.
Filings
5 annual accounts 5 late
The 2022 accounts came latest: 388 days after the end of the period.
Position in the sector
€64,523
Higher net result than 86% of companies in membership organisations. Sector median €4,491 · 505 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,272 companies had the same profile as Solid has now. Each dot stands for 9 companies, two years later.
94.7%
were still trading
2.5%
stopped another way
2.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 3,272 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.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
last known boardDirector, last mentioned in 2020
Director, last mentioned in 2020
Director, last mentioned in 2020
Director, until 2020
Managing director, last mentioned in 2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0668677319
Merger: SOLID takes over SOLID CRAFTS
Reappointments: (director) and (director) · Appointments: , and (managing director) · Resignation: (director) · Gazette deed
Merger proposal: SOLID takes over SOLID CRAFTS BV
is a shareholder · is a shareholder · is a shareholder · Board meeting of 09-04-2020 · Gazette deed
First establishment
Kortrijksesteenweg 697, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Solid Ghent | - | - | 28.4% | - |
| Leuven MindGate Leuven | €52,421 | 1.3% | 71.2% | 5.3 |
| international panel of experts on sustainable food systems Saint-Josse-ten-Noode | - | - | 11.6% | 3.3 |
| Groupe d'Action Locale Jesuishesbignon.be Villers-le-Bouillet | - | - | 16.0% | - |
| De Landgenoten Antwerp | - | - | 97.8% | 3.7 |
| Institut Culturel d'Architecture Wallonie-Bruxelles Namur | €1,489 | - | -3.0% | - |
| VERENIGDE EIGENAARS - PROPRIETAIRES REUNIS Brussels | - | - | 91.8% | 5.2 |
These companies have the same main activity as Solid: other membership organisations (NACE 94999). They are comparable in size and age: total assets between €1.3m and €4.2m, founded between 2013 and 2019.
Official details
Source: KBO- Status
- Active since 03-01-2017Normal situation
- Activity
- Other membership organisationsNACE 94999and 6 others
- Joint committee
- 329.01Socio-cultural sector · annual accounts 2024
- Establishment unit
- 2.264.673.8469000 Ghent, since 15-06-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Insights on Solid
Solid files the micro format. That format states no turnover. The gross margin fell from €613,486 in 2021 to €358,267 in 2025.
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 Solid
- What is the company number of Solid?
- The company number of Solid is 0668.677.319. The VAT number is the same number with BE in front: BE 0668.677.319.
- Where is Solid based?
- The registered office is at Kortrijksesteenweg 697, 9000 Ghent.Company details
- What does Solid do?
- According to the KBO register, the main activity is other membership organisations (NACE 94999).
- What is the legal form of Solid?
- Solid is a non-profit association (VZW).
- When was Solid founded?
- Solid was founded on 03-01-2017.
- Is Solid still active?
- Yes, Solid is an active enterprise in the KBO register.
- How many employees does Solid have?
- Solid had an average of 2.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Solid fall under?
- In its 2024 annual accounts, Solid states joint committee 329.01 (Socio-cultural sector).
- What is the turnover of Solid?
- The turnover in financial year 2025 is ≈ €430,000. This figure is estimated from the gross margin of €358,267 and 32 comparable companies (NACE 949). It probably lies between €390,000 and €660,000.
- Is Solid profitable?
- In financial year 2025, Solid made a profit of €64,523.
- Where can I find the annual accounts of Solid?
- Solid filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Solid due?
- Solid must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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