SOLID DESIGN
ActiveThe file of SOLID DESIGN contains 1 judicial reorganisation, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 12.8% (high). The 2025 annual accounts show equity of €14k and a net result of €4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 27786 sector peers (fiscal year 2025).
Checked score
Score 2025
29
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▼-39
Solvency30▼-1
Growth58=
Track record60
Bankruptcy probability, 12 months
12.8%
High
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.37 against 1.68 in 2024; short-term debt: 72.3% and cash: 6.5% of total assets), and 95.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.7%
Return on assets
1.3%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 02-04-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
12 d early
2023
on the day
2022
on the day
2021
1 d early
2020
27 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€14k▲ 40.2%
2024 · €10k
2018: €15k
2019: €29k
2020: €22k
2021: €8k
2022: €-85k
2023: €-104k
2024: €10k
2018 → 2025
Total assets
€304k▲ 72.8%
2024 · €176k
2018: €93k
2019: €110k
2020: €100k
2021: €82k
2022: €47k
2023: €65k
2024: €176k
2018 → 2025
Net result
€4k▼ 96.4%
2024 · €114k
2018: €991
2019: €2k
2020: €-7k
2021: €-14k
2022: €-92k
2023: €-19k
2024: €114k
2018 → 2025
Working capital
€80k▲ 20.9%
2024 · €66k
2018: €-11k
2019: €8k
2020: €-802
2021: €-15k
2022: €-34k
2023: €-61k
2024: €66k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€-85k€-104k▼ 22.7%€10k€14k▲ 40.2%
Operating result€-13k-€-91k▼ 579%€-17k▲ 81.5%€133k€5k▼ 96.5%
Net result€-14k-€-92k▼ 538%€-19k▲ 79.2%€114k€4k▼ 96.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 97% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €304k
Fixed assets
€4k ▼ 67.9%
Current assets
€300k ▲ 83.2%
Equity and liabilities €304k
Equity
€14k ▲ 40.2%
Debt
€289k ▲ 74.8%
Debt's share of the balance-sheet total rises from 94.2% to 95.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8k▼
2024 · €139k
Cash flow
€8k▼
2024 · €120k
Current ratio
1.37▼
2024 · 1.68
Quick ratio
0.59▼
2024 · 1.68
Debt to equity
20.26▲
2024 · 16.25
ROE
28.7%
ROA
1.3%▼
2024 · 65.0%
Interest coverage
4.81▼
2024 · 34.81
Debt ≤ 1 year
€220k▲
2024 · €97k
Debt > 1 year
€64k▲
2024 · €44k
Income taxes
€-247▼
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€176k€304k▲
Fixed assets21/28€12k€4k▼
Tangible fixed assets22/27€12k€1k▼
Plant, machinery and equipment23€3k€0▼
Furniture and vehicles24€9k€1k▼
Financial fixed assets28-€3k
Current assets29/58€164k€300k▲
Stocks and contracts in progress3-€170k
Contracts in progress37-€170k
Amounts receivable within one year40/41€76k€96k▲
Trade receivables40€68k€78k▲
Other amounts receivable41€8k€18k▲
Cash at bank and in hand54/58-€20k
Deferred charges and accrued income490/1€88k€14k▼
Equity and liabilities
Total equity and liabilities10/49€176k€304k▲
Equity10/15€10k€14k▲
Contributions10/11€19k€19k=
Reserves13€2k€0▼
Distributable reserves133€2k€0▼
Profit (loss) carried forward14€-10k€-4k▲
Amounts payable17/49€165k€289k▲
Amounts payable after more than one year17€44k€64k▲
Financial debts170/4€44k€38k▼
Other amounts payable178/9-€26k
Amounts payable within one year42/48€97k€220k▲
Financial debts43-€17k
Credit institutions430/8-€17k
Trade debts44€24k€118k▲
Suppliers440/4€24k€118k▲
Taxes, remuneration and social security45€18k€12k▼
Taxes450/3€18k€12k▼
Other amounts payable47/48€55k€72k▲
Accrued charges and deferred income492/3€24k€6k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€4k▼
Other operating charges640/8€2k€7k▲
Gross operating margin9900€141k€15k▼
Operating profit (loss)9901€133k€5k▼
Financial income75/76B€94€979▲
Recurring financial income75€94€979▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€129k€4k▼
Income taxes67/77€15k€-247▼
Profit (loss) for the period9904€114k€4k▼
Profit (loss) for the period to be appropriated9905€114k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-6k▲
Profit (loss) brought forward from the previous period14P€-124k€-10k▲
Transfer from equity791/2-€2k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €114k
Net result €114k after 4 loss-making years.
30-09
Financial
Liquidity quadruplescurrent ratio 1.68
Current ratio from 0.44 to 1.68; short-term debt falls from €109k to €97k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-92k
Net result drops to €-92k, the lowest in the series; recovery starts the following year.
20-09
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · event 14-09-2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 1999
Ground area
1.2 ha
Building footprint
5,589 m²
Volume, LiDAR
50,992 m³
2 parcels, Brussels, Wallonia · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NAM-DESIGN
since 19992.086.201.863
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112C0010/00E000 | Wallonia | 1.2 ha | 1 · 5,431 m² | 12.7 m · 3 fl. |
| 21684B0063/00P014 | Brussels | 482 m² | 1 · 158 m² | 12.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ANISAY
BE 0749.924.024
As · Eq €14,289
Frasi
BE 0524.981.123
Grobbendonk · Eq €14,291
Leenaerts-HCC
BE 0786.860.832
Wuustwezel · Eq €14,296
JH Montage
BE 0889.390.822
Dessel · Eq €14,267
L.F. MENUISERIE
BE 0545.730.215
Chapelle-lez-Herlaimont · Eq €14,265
Of 20,018 companies in sector 43320 we hold annual accounts for 9,131. 5,440 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-04-1998
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
43320Joinery installation
43343Specialised construction activities
43410Roofing work
43421Specialised construction activities
43990Other specialised construction activities
47522Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.