Equity
SOLID has made a profit without a break since 2021.
The dashed line is the sector median: 0.2% across 1,167 companies (NACE 62, small).
About 2 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 62, small). It does better than 18% of them on solvency, 58% on liquidity, 28% on profitability and 64% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 3,274 companies had the same profile as SOLID has now. Each dot stands for 9 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: 0.2% within 12 months. It rests on far more data about SOLID than the profile alone.
The method was tested on the 497,448 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 3,274 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 tight, with a current ratio of 1.13 (1.18 in 2024), below the usual 1.5. Short-term debt is 88.4% and cash 43.4% of total assets. 88.4% 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 71 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SOLID Antwerp | - | - | 11.6% | 1.8 |
| DataToday Kontich | €0.5m | -6.7% | 89.8% | 1 |
| BELGIAN MEDICINES VERIFICATION ORGANISATION Temse | - | - | 90.9% | 2.9 |
| Bluemont Antwerp | - | - | 86.1% | 0.7 |
| Great Balls of Fire Schilde | - | - | 89.1% | 1 |
| Biztory Kontich | €1.6m | 1.2% | 8.2% | 1 |
| HI10 SEED Antwerp | - | - | 38.3% | 0 |
These companies have the same main activity as SOLID: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €1.7m and €3.7m, founded between 2015 and 2020.
SOLID has existed since 2017. The gross margin fell from €372,363 in 2022 to €60,733 in 2025.
The gross margin has fallen every year since 2022.
KASPAR SERVICES holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €110,000 and €280,000.
Higher than 25% of 1,691 companies in 2025.
Higher than 33% of 1,658 companies in 2025.
Higher than 42% of 1,673 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
2.2m | 1.4m | 1.1m | 963,367 | 780,677 | 566,570 | 323,171 | 214,837 | |
21/28 |
- | - | - | 14 | 195 | 325 | 918 | 1,128 | |
21 |
- | - | - | - | - | - | 376 | 1,128 | |
22/27 |
- | - | - | 14 | 195 | 325 | 542 | - | |
23 |
- | - | - | 14 | 195 | 325 | 542 | - | |
29/58 |
2.2m | 1.4m | 1.1m | 963,353 | 780,482 | 566,245 | 322,253 | 213,709 | |
40/41 |
1.3m | 767,243 | 749,064 | 559,190 | 368,110 | 349,858 | 218,009 | 72,115 | |
40 |
1.2m | 684,370 | 432,255 | 413,981 | 335,605 | 349,858 | 218,009 | 68,429 | |
41 |
109,635 | 82,873 | 316,809 | 145,209 | 32,505 | - | - | 3,686 | |
54/58 |
972,773 | 666,530 | 313,349 | 371,844 | 382,588 | 191,773 | 103,682 | 141,594 | |
490/1 |
7,883 | 4,684 | 184 | 32,319 | 29,784 | 24,614 | 562 | - | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
2.2m | 1.4m | 1.1m | 963,367 | 780,677 | 566,570 | 323,171 | 214,837 | |
10/15 |
260,803 | 223,500 | 180,062 | 97,514 | 54,124 | 47,743 | 70,143 | 59,139 | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
10 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | - | - | - | |
100 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
13 |
198,803 | 161,500 | 118,062 | 35,514 | 8,462 | 8,143 | 8,143 | - | |
130/1 |
6,200 | 6,200 | 6,200 | 6,200 | 727 | 408 | - | - | |
130 |
6,200 | 6,200 | 6,200 | 6,200 | 727 | 408 | 408 | - | |
133 |
192,603 | 155,300 | 111,862 | 29,314 | 7,735 | 7,735 | 7,735 | - | |
14 |
- | - | - | - | -16,338 | -22,400 | - | -2,861 | |
17/49 |
2.0m | 1.2m | 882,535 | 865,853 | 726,553 | 518,827 | 253,028 | 155,698 | |
42/48 |
2.0m | 1.2m | 882,535 | 865,853 | 726,553 | 518,289 | 252,490 | 143,607 | |
44 |
1.9m | 1.1m | 818,943 | 805,333 | 726,553 | 493,169 | 245,835 | 143,607 | |
440/4 |
1.9m | 1.1m | 818,943 | 805,333 | 726,553 | 493,169 | 245,835 | 143,607 | |
45 |
62,587 | 110,201 | 63,592 | 60,520 | - | 25,120 | 6,655 | - | |
450/3 |
62,587 | 110,201 | 63,592 | 53,523 | - | 25,120 | 6,655 | - | |
454/9 |
- | - | - | 6,997 | - | - | - | - | |
492/3 |
- | - | - | - | - | 538 | 538 | 12,091 | |
| Income statement | |||||||||
9900 |
60,733 | 239,252 | 273,883 | 372,363 | 253,594 | -20,981 | 15,161 | -655 | |
62 |
13,104 | 142,143 | 134,438 | 64,905 | - | - | - | - | |
630 |
- | - | 14 | 181 | 130 | 593 | 1,114 | 1,127 | |
640/8 |
1,238 | 21,138 | 693 | 251,314 | 244,580 | 550 | 693 | 845 | |
66A |
19 | 7,233 | 17,500 | - | - | - | - | - | |
9901 |
46,372 | 68,738 | 121,238 | 55,963 | 8,884 | -22,124 | 13,354 | -2,627 | |
65/66B |
1,556 | 1,093 | 1,190 | 1,573 | 487 | 360 | 250 | 234 | |
65 |
1,556 | 1,093 | 1,190 | 1,573 | 487 | 360 | 250 | 234 | |
9903 |
44,816 | 67,645 | 120,048 | 54,390 | 8,397 | -22,484 | 13,104 | -2,861 | |
67/77 |
7,513 | 24,207 | 37,500 | 11,000 | 2,016 | -84 | 2,100 | - | |
9904 |
37,303 | 43,438 | 82,548 | 43,390 | 6,381 | -22,400 | 11,004 | -2,861 | |
9905 |
37,303 | 43,438 | 82,548 | 43,390 | 6,381 | -22,400 | 11,004 | -2,861 | |
| Appropriation of the result | |||||||||
9906 |
37,303 | 43,438 | 82,548 | 27,052 | -16,019 | -22,400 | 8,143 | -2,861 | |
14P |
- | - | - | -16,338 | -22,400 | - | - | - | |
691/2 |
37,303 | 43,438 | 82,548 | 27,052 | 319 | - | 8,143 | - | |
6920 |
- | - | - | 5,473 | 319 | - | 408 | - | |
6921 |
37,303 | 43,438 | 82,548 | 21,579 | - | - | 7,735 | - | |
| Social balance sheet | |||||||||
9087 |
1.8 | 1.8 | 1.8 | 1.7 | - | - | - | - | |
Hours worked1013 |
560 | 3,133 | 2,778 | 1,375 | - | - | - | - | |
| Document | |||||||||
The notes to these accounts have 5 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 12-10-2026.
2025 annual accounts filed 73 days after the deadline. Filed on 12 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00554258.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 12-10-2026 | 2026-00554258 | |
| 31-12-2024 | abbreviated format | 26-08-2025 | 2025-00404351 | |
| 31-12-2023 | abbreviated format | 28-08-2024 | 2024-00386500 | |
| 31-12-2022 | abbreviated format | 16-01-2024 | 2024-00002185 | |
| 31-12-2021 | micro format | 27-09-2022 | 2022-20448430 | |
| 31-12-2020 | micro format | 01-09-2021 | 2021-63700423 | |
| 31-12-2019 | micro format | 17-11-2020 | 2020-71100403 | |
| 31-12-2018 | micro format | 31-10-2019 | 2019-72600220 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| - | - | 121,252 | 56,144 | 9,014 | -21,531 | 14,468 | -1,500 | ||
| - | - | 82,562 | 43,571 | 6,511 | -21,807 | 12,118 | -1,734 | ||
| - | - | 0 | 0 | 0 | 0 | 904 | 2,255 | ||
| 306,243 | 353,181 | -58,495 | -10,744 | 190,815 | 88,091 | -37,912 | - | ||
| 260,803 | 223,500 | 180,062 | 97,500 | 53,929 | 47,956 | 69,763 | 70,102 | ||
| 11.6% | 15.5% | 16.9% | 10.1% | 6.9% | 8.4% | 21.7% | 27.5% | ||
| 1.13 | 1.18 | 1.20 | 1.11 | 1.07 | 1.09 | 1.28 | 1.49 | ||
| 7.59 | 5.44 | 4.90 | 8.88 | 13.42 | 10.87 | 3.61 | 2.63 | ||
| 14.3% | 19.4% | 45.8% | 44.5% | 11.8% | -46.9% | 15.7% | -4.8% | ||
| 1.7% | 3.0% | 7.8% | 4.5% | 0.8% | -4.0% | 3.4% | -1.3% | ||
| - | - | over 100 | 35.69 | 18.51 | - | - | - |
EBIT margin: not included in this filing.
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 | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | - |
| full-time | 1 | 1 | 1 | - |
| part-time | 1 | 1 | 1 | - |
| in full-time equivalents | 1.8 | 1.8 | 1.8 | - |
| 1.8 | 1.8 | 1.8 | 1.7 | |
| On a permanent contract | 2 | 2 | 2 | 2 |
| Joined | - | - | - | 2 |
| Left | - | - | - | 0 |
| Training hours | - | 2 | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
The operating result for 2025 is 33% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 84.5% to 88.4%. Equity and debt are higher.
Further up the chainJD Technologies 100%
Source: list of holdings in the 2025 accounts of KASPAR SERVICES. Every holding stands with its own latest accounts.
Part of the group JD Technologies Group, risk and exposure| MODERO
registered office since 28-02-2001 · founded in 2001 · group WINDOW |
167 FTE (2025) 0474.215.974 |
| André
registered office since 27-02-2001 · founded in 2001 · group WINDOW |
21 FTE (2025) 0474.193.507 |
| WINDOW
registered office since 07-03-2016 · founded in 2016 · accounts filed late |
turnover €500,000 (2024) 0649.700.951 |
| HERMAN BRAECKMANS
establishment since 10-01-2013 · founded in 2013 |
total assets €5.2m (2025) 0502.683.395 |
| ADVOCAAT TIM BAES
establishment since 20-05-2009 · founded in 2009 |
total assets €3.8m (2026) 0811.982.644 |
| Alice
registered office since 23-09-2021 · founded in 2021 · group JD Technologies |
total assets €464,856 (2025) 0774.516.690 |
| VERAN
establishment since 12-10-1987 · founded in 1987 · negative equity (2025) |
total assets €204,461 (2025) 0432.081.550 |
| VEEF - NOE
establishment since 02-10-2002 · founded in 2002 |
total assets €198,906 (2025) 0478.520.596 |
| MODERO GROEP / MODERO GROUPE
registered office since 26-03-2025 |
founded in 2025 1022.511.246 |
| Schlenker, Stephanie (sole trader)
establishment since 02-09-2019 |
founded in 2019 0732.777.788 |
| FXG via Y.M. Consult, at SOLID until 2021 · Director (not named in the articles) · deed of 04-12-2024 founded in 2024 |
total assets €19.2m (2025) |
| Specialty Paints & Coatings via Y.M. Consult, at SOLID until 2021 · Director · deed of 16-04-2024 founded in 2021 · group MC Shine |
3.8 FTE (2025) |
| ET Holding via Y.M. Consult, at SOLID until 2021 · Director · deed of 02-10-2024 founded in 2024 |
total assets €8.1m (2025) |
| Plates & Signs via Y.M. Consult, at SOLID until 2021 · Class A director and director · deed of 12-07-2023 founded in 2023 |
total assets €7.1m (2025) |
| PARA via Y.M. Consult, at SOLID until 2021 · Director · deed of 29-10-2021 founded in 1985 · group MC Shine |
3 FTE (2025) |
| WDC Immo via Y.M. Consult, at SOLID until 2021 · Director · deed of 09-02-2026 founded in 1989 |
total assets €3.4m (2025) |
| PARA INDUSTRIES via Y.M. Consult, at SOLID until 2021 · Director · deed of 29-10-2021 founded in 1968 · group MC Shine |
24 FTE (2025) |
| S2S via KASPAR SERVICES, no longer at S2S · Director · deed of 14-11-2017 founded in 2015 · group JD Technologies |
total assets €262,829 (2025) |
| BY Propco via Y.M. Consult, at SOLID until 2021 · Director · deed of 18-04-2025 |
founded in 2025 |
| FXG Founders via Y.M. Consult, at SOLID until 2021 · Director · deed of 26-10-2026 |
founded in 2026 |
| FXG Partners via Y.M. Consult, at SOLID until 2021 · Statutory director · deed of 26-10-2026 |
founded in 2026 |
| Oudervereniging parentes vzw via Ena Sleeckx, at SOLID until 2023 · Director · deed of 17-06-2025 |
founded in 2014 |
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
SOLID was incorporated on 22 June 2017.1 The registered office was moved to Antwerp in 2024.2 Since 2023, KASPAR SERVICES has served as sole director.3 Total assets rose from €214,837 in 2018 to €2.2m in 2025 and headcount from 1.7 full-time equivalents in 2022 to 1.8 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Mechelsesteenweg 203 registered office 2018 Antwerp | 22-06-2017 | 2.273.116.113 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11806F1382/00P009 | 672 m² | 1 · 608 m² | 32.9 m · 9 |
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