SOLID FACADES
ActiveSummary
The computed 12-month bankruptcy probability of SOLID FACADES is 13.4% (high). For SOLID FACADES, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €26,360 and a net result of -€50,774. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 17% of 36,377 sector peers (NACE 43, financial year 2024). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Other building finishing work
NACE 43350
1 site
Size
€190,648total assets 2024
- Equity
- €26,360
- Loss
- -€50,774
Turnover not published (micro format)
Financial health
- Bankruptcy probabilitywithin 12 months
- 13.4%
2024 figures too old to score
Structure
Accounts 343 days overdue0 of 3 deeds read
Signalsraises risk1 financial year not filed after the legal deadline; latest accounts 251 days late; 2 of the last 3 lateFigures for financial year 2024 (filed 09-07-2025)Size: total assets €190,648Loss of €50,774 (financial year 2024)Annual accounts not filedFiled more than 90 days lateShow the evidence
Bankruptcy probability
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Bankruptcy probability: High
Filing: One filing cycle is missing
Financial strength, FY 2024 · tick = 2023
Weak
Solvency
39-61
equity 13.8% of total assets
Liquidity
37-15
short-term debt 43.2% · cash 6.0%
Profitability
0-99
return on assets -26.6%
Bankruptcy probability, 12 months
13.4%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.0%lowest value
12-2024: 2.1%▲ +0.1 percentage points vs 11-2024
01-2025: 2.9%▲ +0.8 percentage points vs 12-2024
02-2025: 3.0%▲ +0.1 percentage points vs 01-2025
03-2025: 3.5%▲ +0.5 percentage points vs 02-2025
04-2025: 5.4%▲ +1.9 percentage points vs 03-2025
05-2025: 5.4%● unchanged vs 04-2025
06-2025: 5.7%▲ +0.3 percentage points vs 05-2025
07-2025: 5.9%▲ +0.2 percentage points vs 06-2025
08-2025: 7.3%▲ +1.4 percentage points vs 07-2025
09-2025: 7.0%▼ -0.3 percentage points vs 08-2025
10-2025: 6.9%▼ -0.1 percentage points vs 09-2025
11-2025: 7.7%▲ +0.8 percentage points vs 10-2025
12-2025: 8.0%▲ +0.3 percentage points vs 11-2025
01-2026: 10.6%▲ +2.6 percentage points vs 12-2025
02-2026: 10.0%▼ -0.6 percentage points vs 01-2026
03-2026: 11.2%▲ +1.2 percentage points vs 02-2026
04-2026: 14.2%▲ +3.0 percentage points vs 03-2026
05-2026: 14.2%● unchanged vs 04-2026
06-2026: 14.6%▲ +0.4 percentage points vs 05-2026highest value
07-2026: 13.6%▼ -1.0 percentage point vs 06-2026
08-2026: 13.6%● unchanged vs 07-2026
09-2026: 13.4%▼ -0.2 percentage points vs 08-2026
10-2026: 13.4%● unchanged vs 09-2026
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Signals
Six signals.
+raises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-03-2025 was due at the National Bank by 31-10-2025. Nothing is on record, 343 days later.
NBB · 5 filingsPosition against the passed deadline
31-03-2025 year end31-10-2025 deadline09-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 09-07-2025, 251 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
251 days late
2023
132 days early
2022
66 days late
2021
2 days early
2020
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 43 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€50,774
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
Equity
€26,360▼ 65.8%
2023 · €77,134
Total assets
€190,648▲ 90.6%
2023 · €100,034
Net result
-€50,774
2023 · €24,547
Working capital
-€14,370
2023 · €59,890
Trend over the years
2020 to 2024, 5 financial years
The operating result turns negative in 2024: a loss of €48,967 after €32,336 in 2023, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€48,967
2024
Net result-€50,774
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€190,648
2024
Equity€26,360
2024
Debt€164,288
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€14,370
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-26.6%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency13.8%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.83
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20202021202220232024
Operating result€31,667-€2,930▼ 90.7%€25,351▲ 765%€32,336▲ 27.6%-€48,967
Net result€25,066above the sector's middle half-€1,506within the sector's middle half▼ 94.0%€19,816within the sector's middle half▲ 1,216%€24,547within the sector's middle half▲ 23.9%-€50,774below the sector's middle half
Equity€31,266within the sector's middle half-€32,771within the sector's middle half▲ 4.8%€52,587within the sector's middle half▲ 60.5%€77,134within the sector's middle half▲ 46.7%€26,360within the sector's middle half▼ 65.8%
Total assets€65,826below the sector's middle half-€60,388below the sector's middle half▼ 8.3%€73,469within the sector's middle half▲ 21.7%€100,034within the sector's middle half▲ 36.2%€190,648within the sector's middle half▲ 90.6%
Debt€34,560-€27,617▼ 20.1%€20,882▼ 24.4%€22,900▲ 9.7%€164,288▲ 617%
Working capital€26,005within the sector's middle half-€27,686within the sector's middle half▲ 6.5%€29,700within the sector's middle half▲ 7.3%€59,890within the sector's middle half▲ 102%-€14,370below the sector's middle half
Solvency47.5%within the sector's middle half-54.3%within the sector's middle half▲ 6.8pp71.6%above the sector's middle half▲ 17.3pp77.1%above the sector's middle half▲ 5.5pp13.8%below the sector's middle half▼ 63.3pp
Current ratio1.75within the sector's middle half-2.00within the sector's middle half▲ 0.252.42within the sector's middle half▲ 0.423.62above the sector's middle half▲ 1.190.83below the sector's middle half▼ 2.79
Return on assets (ROA)38.1%above the sector's middle half-2.5%within the sector's middle half▼ 35.6pp27.0%above the sector's middle half▲ 24.5pp24.5%above the sector's middle half▼ 2.4pp-26.6%below the sector's middle half▼ 51.2pp
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €190,648
Fixed assets
€122,720 ▲ 612%
Current assets
€67,928 ▼ 18.0%
Equity and liabilities €190,648
Equity
€26,360 ▼ 65.8%
Debt
€164,288 ▲ 617%
Debt's share of the balance-sheet total rises from 22.9% to 86.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€35,338▼
2023 · €42,239
Cash flow
-€37,145▼
2023 · €34,450
Quick ratio
0.78▼
2023 · 3.41
Debt to equity
6.23▲
2023 · 0.30
ROE
-192.6%▼
2023 · 31.8%
Interest coverage
-21.54▼
2023 · 29.81
Debt ≤ 1 year
€82,298▲
2023 · €22,900
Debt > 1 year
€81,990
Income taxes
€733▼
2023 · €6,723
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,273 | €1,980 | €2,922 | €9,903 | €13,628 | ▲ 37.6% |
| Other operating charges640/8 | - | - | €1,269 | €907 | €2,172 | ▲ 140% |
| Non-recurring operating charges66A | - | - | - | - | €3,912 | - |
| Gross operating margin9900 | €43,441 | €6,640 | €29,542 | €43,146 | -€29,254 | ▼ 168% |
| Operating profit (loss)9901 | €31,667 | €2,930 | €25,351 | €32,336 | -€48,967 | ▼ 251% |
| Financial income75/76B | - | - | €111 | €350 | €567 | ▲ 61.7% |
| Recurring financial income75 | €50 | €139 | €111 | €350 | €567 | ▲ 61.7% |
| Financial charges65/66B | - | - | €468 | €1,417 | €1,641 | ▲ 15.8% |
| Recurring financial charges65 | €228 | €820 | €468 | €1,417 | €1,641 | ▲ 15.8% |
| Profit (loss) for the period before taxes9903 | €31,488 | €2,249 | €24,994 | €31,269 | -€50,041 | ▼ 260% |
| Income taxes67/77 | €6,423 | €744 | €5,178 | €6,723 | €733 | ▼ 89.1% |
| Profit (loss) for the period9904 | €25,066 | €1,506 | €19,816 | €24,547 | -€50,774 | ▼ 307% |
| Profit (loss) for the period to be appropriated9905 | €25,066 | €1,506 | €19,816 | €24,547 | -€50,774 | ▼ 307% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65,826 | €60,388 | €73,469 | €100,034 | €190,648 | ▲ 90.6% |
| Fixed assets21/28 | €5,261 | €5,086 | €22,887 | €17,244 | €122,720 | ▲ 612% |
| Tangible fixed assets22/27 | €4,061 | €3,886 | €21,687 | €16,044 | €121,511 | ▲ 657% |
| Plant, machinery and equipment23 | - | - | €2,451 | €1,830 | €1,895 | ▲ 3.5% |
| Furniture and vehicles24 | - | - | €19,236 | €14,214 | €119,616 | ▲ 742% |
| Financial fixed assets28 | €1,200 | €1,200 | €1,200 | €1,200 | €1,209 | ▲ 0.8% |
| Current assets29/58 | €60,565 | €55,302 | €50,582 | €82,790 | €67,928 | ▼ 18.0% |
| Stocks and contracts in progress3 | - | €19,064 | €0 | €4,593 | €3,727 | ▼ 18.8% |
| Stocks30/36 | - | - | €0 | €4,593 | €3,727 | ▼ 18.8% |
| Amounts receivable within one year40/41 | €52,048 | €34,761 | €43,845 | €62,808 | €52,749 | ▼ 16.0% |
| Trade receivables40 | - | - | €36,950 | €53,799 | €31,904 | ▼ 40.7% |
| Other amounts receivable41 | - | - | €6,895 | €9,010 | €20,844 | ▲ 131% |
| Cash at bank and in hand54/58 | €7,665 | €1,477 | €6,737 | €7,912 | €11,452 | ▲ 44.8% |
| Deferred charges and accrued income490/1 | - | - | - | €7,477 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65,826 | €60,388 | €73,469 | €100,034 | €190,648 | ▲ 90.6% |
| Equity10/15 | €31,266 | €32,771 | €52,587 | €77,134 | €26,360 | ▼ 65.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | €26,571 | €46,387 | €70,934 | €20,160 | ▼ 71.6% |
| Distributable reserves133 | - | - | €46,387 | €70,934 | €20,160 | ▼ 71.6% |
| Profit (loss) carried forward14 | €25,066 | - | - | - | - | - |
| Amounts payable17/49 | €34,560 | €27,617 | €20,882 | €22,900 | €164,288 | ▲ 617% |
| Amounts payable after more than one year17 | - | - | - | - | €81,990 | - |
| Financial debts170/4 | - | - | - | - | €81,990 | - |
| Amounts payable within one year42/48 | €34,560 | €27,617 | €20,882 | €22,900 | €82,298 | ▲ 259% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €15,500 | - |
| Financial debts43 | - | - | - | - | €17,000 | - |
| Credit institutions430/8 | - | - | - | - | €17,000 | - |
| Trade debts44 | €19,032 | €14,746 | €1,405 | €4,739 | €21,412 | ▲ 352% |
| Suppliers440/4 | - | - | €1,405 | €4,739 | €21,412 | ▲ 352% |
| Taxes, remuneration and social security45 | - | - | €19,477 | €18,161 | €28,386 | ▲ 56.3% |
| Taxes450/3 | - | - | €8,308 | €13,311 | €4,136 | ▼ 68.9% |
| Remuneration and social security454/9 | - | - | €11,169 | €4,850 | €24,250 | ▲ 400% |
| Other amounts payable47/48 | - | - | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,066 | €1,506 | €19,816 | €24,547 | -€50,774 | ▼ 307% |
| + Depreciation and write-downs630 | €3,273 | €1,980 | €2,922 | €9,903 | €13,628 | ▲ 37.6% |
| Operating cash flow (approximation) | €28,338 | €3,485 | €22,738 | €34,450 | -€37,145 | ▼ 208% |
| Investment in fixed assets (approximation) | - | -€1,804 | -€20,723 | -€4,260 | -€119,104 | ▼ 2,696% |
| Change in cash | - | -€6,187 | €5,260 | €1,174 | €3,541 | ▲ 202% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of the 7,358 companies in this sector, figures are known for 2,415. 1,906 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Directors
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2025
09-07
NBB filing
Annual accounts filed
financial year 2024 · micro format · 251 days late
2024
31-03
Financial
Weakest financial yearnet -€50,774
Net result drops to -€50,774, the lowest in the series.
2023
21-06
NBB filing
Annual accounts filed
financial year 2023 · micro format
05-01
NBB filing
Annual accounts filed
financial year 2022 · micro format · 66 days late
2021
29-10
NBB filing
Annual accounts filed
financial year 2021 · micro format
2020
30-11
NBB filing
Annual accounts filed
financial year 2020 · micro format · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 3 deeds read
About the unread acts
We know of 3 Belgian Official 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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Register details
Identification
Legal formPrivate limited company
Founded14-03-2019
Financial year end31-03
Activities, NACEBEL 2025
43350Other building finishing work
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0722759272
Also
9925:BE0722759272
Registered
22-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 9 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2019
Ground area
64 m²
Building footprint
64 m²
Building volume
1,172 m³
Parcel 11811L3540/00B000, Flanders · tallest building 21.0 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
SOLID FACADES
since 2019unit no. 2.286.861.112
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11811L3540/00B000 | Flanders | 64 m² | 1 · 64 m² | 21.0 m · 6 |
How the parcels are linked
Good to know
The parcel matches the address exactly.