Higher net result than 86% of companies in membership organisations. Sector median €4,491 · 505 companies.
Checked score
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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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
Micro
5 to 10 years old
solvency 10 to 30%
a profit under 5% of the balance sheet
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.
The companies in ten equal groups, from the lowest to the 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%
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
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0668677319
Merger: SOLID takes over SOLID CRAFTS
Reappointments: Name after signing inVisible after signing in (director) and Name hiddenVisible after signing in (director) · Appointments: Hidden nameVisible after signing in, Name after signing inVisible after signing in and Name hiddenVisible after signing in (managing director) · Resignation: Hidden nameVisible after signing in (director) · Gazette deed
Merger proposal: SOLID takes over SOLID CRAFTS BVName after signing inVisible after signing in is a shareholder · Name hiddenVisible after signing in is a shareholder · Hidden nameVisible after signing in is a shareholder · Board meeting of 09-04-2020 · Gazette deed
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
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.
Small companies may file abbreviated or micro-format accounts. They often leave out revenue and other detail. The law allows it, so it is not missing data.
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 ≈ €430,000. Estimated: probably between €390,000 and €660,000.
Balance sheet
balance sheet total €2.4m on 31-12-2025
What the company ownsHow it is paid for
in euro
in euro
Position in the sector
Sector peers
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
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.
A company files its annual accounts with the National Bank no later than seven months after its financial year ends. Repeated late filing is a warning sign.
each dot is a set of accounts, on the day it reached the National Bank
2025 annual accounts filed 21 days after the deadline. Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00412964.
per financial year, computed from the annual accounts
Line
Trend
2025
2024
2023
2022
2021
119,874
121,342
165,642
11,539
299,389
84,247
118,242
132,028
79,614
269,730
-195,480
125,000
0
-0
-
134,123
34,282
66,092
-327
-
693,821
154,554
191,889
89,621
39,109
28.4%
29.0%
25.3%
21.1%
20.5%
1.59
1.12
1.16
1.07
1.04
1.49
1.06
1.02
0.96
0.96
2.52
2.45
2.95
3.73
3.89
9.3%
15.4%
20.7%
13.7%
68.8%
2.7%
4.4%
5.3%
2.9%
14.1%
2.34
10.53
4.81
0.73
9.96
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.
Social balance sheet
Social balance sheet
The social balance sheet is the part of the annual accounts about staff: how many people work there, on which contract, who joined and who left, and what they cost. It shows whether an employer is growing or shrinking.
Item
31-12-2025
31-12-2024
31-12-2023
Employees at the balance-sheet date
4
4
6
full-time
0
1
2
part-time
4
3
4
in full-time equivalents
2.9
3.1
4.6
2.9
4.1
4.7
On a permanent contract
4
4
6
Joined
-
0
3
Left
-
2
3
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
fixed assets acquired
Investment
Investment is what the company bought in the financial year in buildings, machinery, software and other fixed assets. Above depreciation, it is building up. Years below it, it is living off what it has.
Item
2025
2024
2023
2022
2021
Financial fixed assets
-
€125,000
-
-
-
€19,724
€22,046
€22,046
€22,046
€19,889
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Solid
The operating result for 2025 is 1% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 71.0% to 71.6%. Equity and debt are higher.
Board & ownership
Board
Directors
Many board changes in a short time are a reason to keep a close eye on the company.
No change since 2020
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“hieromtrent geldig beslist indien de meerderheid van de bestuurders aanwezig is. De beslissing hieromtrent door de raad van bestuur moet…”
“De beslissingen genomen door het dagelijks bestuur worden op intern vlak steeds genomen in collegiaal overleg. Voor de externe…”
Full text
De beslissingen genomen door het dagelijks bestuur worden op intern vlak steeds genomen in collegiaal overleg. Voor de externe vertegenwoordiging wat het dagelijks bestuur betreft, kan een dagelijks bestuurder alleen handelen.
Each bar is one period in a role, from appointment to resignation or to today. An open left edge means the mandate began before its first mention. An open right edge means the mandate ended without a stated end date.
5 names
20172018201920202021
Name hiddenVisible after signing in Director
Hidden nameVisible after signing in Director
Name after signing inVisible after signing in Director
Name hiddenVisible after signing in Director
Hidden nameVisible after signing in Managing director
Earlierend not dated
Mandates as a list
Name after signing inVisible after signing in
Director, appointed by deed of 20-08-2020, last mentioned in 2020
Name hiddenVisible after signing in
Director, appointed by deed of 20-08-2020, last mentioned in 2020
Hidden nameVisible after signing in
Director, appointed by deed of 05-01-2017, last mentioned in 2020
Name after signing inVisible after signing in
Director, appointed by deed of 05-01-2017, until 20-08-2020
Name hiddenVisible after signing in
Director, appointed by deed of 05-01-2017, last mentioned in 2020
Managing director, appointed by deed of 20-08-2020, last mentioned in 2020
Solid is linked to other companies through directors or shares. Look especially for linked companies in trouble.
Depth
The network starts from the earlier ties.
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
12 events since 2017
Board
Capital
Filings
Financial
Establishments
20182020202220242026
Deadline for the 2026 accounts:
31-07-2027
2026
Annual accounts 2025 filedNBB ↗micro format · 21 days late
2025
Annual accounts 2024 filedPDFmicro format · 14 days late
2024
Annual accounts 2023 filedPDFmicro format · 29 days late
Annual accounts 2022 filedPDFmicro format · 388 days late
2023
Equity above €500,000equity €530,577 ▲26.1% With a profit in every financial year since 2021, equity grows to €530,577.
2022
Weakest financial yearnet €57,568 ▼77% The net result drops to €57,568, the lowest from 2021 to 2025. It recovers the following year.
Annual accounts 2021 filedPDFmicro format · 109 days late
2020
Registered in the Peppol Directory Reachable for e-invoices through 0208:0668677319
Merger: SOLID takes over SOLID CRAFTSReappointments: Name after signing inVisible after signing in (director) and Name hiddenVisible after signing in (director) · Appointments: Hidden nameVisible after signing in, Name after signing inVisible after signing in and Name hiddenVisible after signing in (managing director) · Resignation: Hidden nameVisible after signing in (director)9 points ▸
Director reappointment, Name after signing inVisible after signing in
Director reappointment, Name hiddenVisible after signing in
Director appointment, Hidden nameVisible after signing in
Director appointment, Name after signing inVisible after signing in
Director appointment, Name hiddenVisible after signing in (managing director)
Director resignation, Hidden nameVisible after signing in
Director discharge, Name after signing inVisible after signing in
Merger proposal: SOLID takes over SOLID CRAFTS BVName hiddenVisible after signing in is a shareholder · Hidden nameVisible after signing in is a shareholder · Name after signing inVisible after signing in is a shareholder · Board meeting of 09-04-202015 points ▸
Board meeting, 09-04-2020
Incorporation, 11-10-2016
Registered office clause, Kortrijksesteenweg 697, 9000 Gent, mentioned twice in the deed
Board composition, Name hiddenVisible after signing in (director), mentioned twice in the deed
Board composition, Hidden nameVisible after signing in (director)
Board composition, Name after signing inVisible after signing in (director)
Name hiddenVisible after signing in is a shareholder
Hidden nameVisible after signing in is a shareholder
Name after signing inVisible after signing in is a shareholder
Name hiddenVisible after signing in is a shareholder
IncorporationFounders: Hidden nameVisible after signing in, Name after signing inVisible after signing in, Name hiddenVisible after signing in and 1 other · Appointments: Hidden nameVisible after signing in, Name after signing inVisible after signing in and Name hiddenVisible after signing in · Founder: Hidden nameVisible after signing in · published on 05-01-201710 points ▸
Founder, Name after signing inVisible after signing in
Founder, Name hiddenVisible after signing in
Founder, Hidden nameVisible after signing in
Founder, Name after signing inVisible after signing in
Director appointment, Name hiddenVisible after signing in
Director appointment, Hidden nameVisible after signing in
Director appointment, Name after signing inVisible after signing in
Board composition, Name hiddenVisible after signing in (director)
Board composition, Hidden nameVisible after signing in (director)
Board composition, Name after signing inVisible after signing in (director)
Each sentence rests on a document from the KBO register, the Belgian Official Gazette or the National Bank. The number after the sentence opens that document.
Solid was incorporated on 3 January 2017.1In 2020 the company absorbed SOLID CRAFTS by merger.2Total assets rose from €1.8m in 2021 to €2.4m in 2025 and headcount from 4.7 full-time equivalents in 2023 to 2.9 in 2025.3
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
PurposeThe purpose describes the activities the company may carry out under its articles.
“De vereniging heeft tot doel zowel in België als in het buitenland het verbeteren van de levensomstandigheden van kansarmen of kwetsbare…”
24 activities
De vereniging heeft tot doel zowel in België als in het buitenland het verbeteren van de levensomstandigheden van kansarmen of kwetsbare bevolkingsgroepen, alsook het inrichten van projecten tot ondersteuning van de gezondheidszorg, het milieu, het dierenwelzijn, de noodzorg.
Het stellen van handelsdaden en het voeren van commerciële activiteiten;
De groot-en kleinhandel, de aan- en verkoop, de in- en uitvoer, het huren en verhuren van allerhande roerende goederen, zoals daar zijn zonder beperkend te wezen: textiel-en confectie, mode- artikelen, accessoires, lederwaren, sieraden, eindresultaten van allerhande ambachten en handwerk, decoratie, antiquiteiten, beelden, kunstvoorwerpen, glaswerk, snuisterijen, meubels, (elektrische) toestellen, drank en voedingswaren,...
Het organiseren van transport van roerende goederen;
De verkoop van roerende goederen aan merken, retallers, distributeurs;
Het oprichten van een eigen merk van mode-artikelen, accessoires, decoratie-artikelen,...
De verkoop van de goederen van het eigen merk aan retailers, distributeurs,..
Het leveren van logistieke, financiële, administratieve en commerciële ondersteuning, consultancy en dienstverlening (op alle vlakken) aan Belgische en internationale ondernemingen, organisaties en bedrijven, vzw's, non profit-organisaties, evenals aan natuurlljke personen, onder meer inzake fair trade productie van dlezelfde soort goederen;
De promotie en sensibilisering van het thema fair trade;
Het financieren van profecten rond fair trade productie in België en daarbuiten;
De organisatie van evenementen en feesten, zowel in-als outdoor
Het afsluiten van roerende- en/of onroerende leasing, en dit zowel als leasingnemer dan als leasinggever.
Zij kan belangen nemen door associatie, inbreng, fusie, financiële tussenkomst of op gelijk welke andere wijze, in alle vennootschappen, verenigingen of ondernemingen met een identiek, gelijklopend of samenhangend voorwerp met het hare of die van aard kunnen zijn de hiervoor beschreven activiteiten en doelstellingen te bevorderen.
Zij kan de functies van bestuurder of vereffenaar uitoefenen in andere verenigingen of vennootschappen, ongeacht of zij reeds bestaan of nog dienen te worden opgericht, en er het toezicht uitoefenen, onder meer om er de ontwikkeling en de realisatie van het voorwerp van deze rechtspersonen te stimuleren en coördineren.
Zij mag zich borgstellen of zakelijke zekerheden verlenen ten voordele van rechtspersonen met een identiek, gelijklopend of samenhangend voorwerp met het hare of die van aard kunnen zijn de hiervoor beschreven activiteiten en doelstellingen te bevorderen, in de meest ruime zin.
Het afsluiten van leningen en kredietopeningen aan vennootschappen en particulleren onder om het even welke vorm; in dit kader kan zij zich ook borgstellen of aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken, houders van deposito's op korte termijn, spaarbanken, hypotheekmaatschappijen en kapitalisatie-ondernemingen.
De vennootschap mag zich voor haar bestuurders, aandeelhouders en derden borg stellen of aval verlenen, voorschotten of kredieten toestaan, hypothecaire en andere waarborgen verstrekken.
De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen, onder meer door haar goederen in hypotheek of in pand te geven, inclusief de eigen handelszaak;
Het beheer van vermogens, bestaande uit roerende en onroerende waarden, in de meest ruime zin;
Het nemen van deelnemingen of belangen in andere vennootschappen en ondernemingen, dit alles in de meest uitgebreide zin genomen; het verwerven, huren en verhuren van onroerende goederen en het sluiten van overeenkomsten betreffende die goederen;
De vennootschap mag onder meer onroerende goederen verwerven, laten bouwen, laten opschikken, laten uitrusten, laten ombouwen; zij mag onroerende goederen vervreemden met het oog op wederbelegging en opbrengst, zij mag optierechten nemen en afstaan, verlenen en verwerven van vruchtgebruik, van rechten van opstal en erfpacht en alle andere bestaande zakelijke rechten.
De vennootschap heeft tevens tot voorwerp het verstrekken aan derden van advies, bijstand en hulp in zijn meest verschillende vormen en dit op het vlak van management, beheer, controle, toezicht, organisatie, studie, organisatie en consultatie in alle financiële, fiscale, sociale, administratieve, bouwtechnische en marketing aangelegenheden; het verlenen van adviezen en intellectuele en administratieve hulp, het ter beschikking stellen van derden onder welke vorm ook van benodigdheden, materiaal, instrumenten, hard en software, het uitvoeren van projecten, het dienstbetoon in zake organisatie en toepassing van de meest verschillende wetgevingen, het ter beschikking stellen van management, het uitoefenen van bedrijfsleiding en het organiseren ervan, alsook het waarnemen van het bestuur op alle niveaus zowel voor eigen rekening als voor rekening van of in deelneming met derden van handels-, nijverheids- en andere ondernemingen bestaande onder om het even welke vorm, en dit zonder enige beperking.
Zij heeft in het algemeen de volle rechtsbekwaamheid om alle handelingen en verrichtingen te voltrekken die een rechtstreeks of onrechtstreeks verband houden met haar voorwerp of welke van die aard zouden zijn dat zij de verwezenlijking van dit voorwerp, rechtstreeks of onrechtstreeks, geheel of ten dele vergemakkelijken.
Voorafgaande opsomming is enkel verklarend en niet beperkend en dient in de meest uitgebreide zin te worden geïnterpreteerd en niet limitatief.