SOLID GROUP
ActiveSummary
SOLID GROUP has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €375,279 and a net result of -€3,606. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 64% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-25
Solvency85▲+7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 1.87 against 3.19 in 2024; short-term debt: 25.9% and cash: 11.3% of total assets), and 39.9% of the assets are financed with debt.
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Signals
Three 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
71 d late
2023
30 d late
2022
91 d late
2021
65 d late
2020
60 d late
2019
97 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 64 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€375,279▼ 1.0%
2024 · €378,885
Total assets
€624,722▼ 12.4%
2024 · €713,144
Net result
-€3,606
2024 · €20,431
Working capital
€141,068▼ 44.2%
2024 · €252,927
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€35,974▲ 19.0%€79,003€31,000▼ 60.8%€35,023▲ 13.0%€6,763▼ 80.7%
Net result-€30,622below the sector's middle half▼ 5.7%€70,341above the sector's middle half€18,330within the sector's middle half▼ 73.9%€20,431within the sector's middle half▲ 11.5%-€3,606below the sector's middle half
Equity€269,784above the sector's middle half▼ 10.2%€340,125above the sector's middle half▲ 26.1%€358,455above the sector's middle half▲ 5.4%€378,885above the sector's middle half▲ 5.7%€375,279above the sector's middle half▼ 1.0%
Total assets€348,924above the sector's middle half▼ 16.5%€378,473above the sector's middle half▲ 8.5%€697,489above the sector's middle half▲ 84.3%€713,144above the sector's middle half▲ 2.2%€624,722above the sector's middle half▼ 12.4%
Debt€79,139▼ 32.7%€38,348▼ 51.5%€339,034▲ 784%€334,258▼ 1.4%€249,443▼ 25.4%
Working capital€261,849above the sector's middle half▼ 16.8%€266,572above the sector's middle half▲ 1.8%€173,384above the sector's middle half▼ 35.0%€252,927above the sector's middle half▲ 45.9%€141,068above the sector's middle half▼ 44.2%
Solvency77.3%above the sector's middle half▲ 5.4pp89.9%above the sector's middle half▲ 12.5pp51.4%within the sector's middle half▼ 38.5pp53.1%within the sector's middle half▲ 1.7pp60.1%within the sector's middle half▲ 6.9pp
Current ratio4.42above the sector's middle half▲ 0.287.95above the sector's middle half▲ 3.541.71within the sector's middle half▼ 6.243.19within the sector's middle half▲ 1.481.87within the sector's middle half▼ 1.32
Return on assets (ROA)-8.8%below the sector's middle half▼ 1.8pp18.6%above the sector's middle half▲ 27.4pp2.6%within the sector's middle half▼ 16.0pp2.9%within the sector's middle half▲ 0.2pp-0.6%below the sector's middle half▼ 3.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €624,722
Fixed assets
€321,721 ▼ 6.6%
Current assets
€303,001 ▼ 17.8%
Equity and liabilities €624,722
Equity
€375,279 ▼ 1.0%
Debt
€249,443 ▼ 25.4%
Debt's share of the balance-sheet total falls from 46.9% to 39.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€40,443▼
2024 · €59,632
Cash flow
€30,074▼
2024 · €45,040
Quick ratio
1.84▼
2024 · 3.14
Debt to equity
0.66▼
2024 · 0.88
ROE
-1.0%▼
2024 · 5.4%
Interest coverage
3.08▼
2024 · 5.60
Debt ≤ 1 year
€161,933▲
2024 · €115,628
Debt > 1 year
€87,510▼
2024 · €91,115
Income taxes
€3,948▼
2024 · €10,313
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,688 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.5%
went bankrupt
5.4%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,688 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,881 | €4,644 | €17,312 | €24,609 | €33,681 | ▲ 36.9% |
| Other operating charges640/8 | €2,934 | €1,925 | €25,680 | €4,727 | €3,139 | ▼ 33.6% |
| Gross operating margin9900 | -€25,159 | €85,572 | €73,992 | €64,359 | €43,583 | ▼ 32.3% |
| Operating profit (loss)9901 | -€35,974 | €79,003 | €31,000 | €35,023 | €6,763 | ▼ 80.7% |
| Financial income75/76B | €9,872 | €12,622 | €9,148 | €6,377 | €6,716 | ▲ 5.3% |
| Recurring financial income75 | €9,872 | €12,622 | €9,148 | €6,377 | €6,716 | ▲ 5.3% |
| Financial charges65/66B | €3,930 | €15,284 | €13,754 | €10,656 | €13,136 | ▲ 23.3% |
| Recurring financial charges65 | €3,930 | €15,284 | €13,754 | €10,656 | €13,136 | ▲ 23.3% |
| Profit (loss) for the period before taxes9903 | -€30,032 | €76,341 | €26,394 | €30,744 | €342 | ▼ 98.9% |
| Income taxes67/77 | €590 | €6,000 | €8,064 | €10,313 | €3,948 | ▼ 61.7% |
| Profit (loss) for the period9904 | -€30,622 | €70,341 | €18,330 | €20,431 | -€3,606 | ▼ 118% |
| Profit (loss) for the period to be appropriated9905 | -€30,622 | €70,341 | €18,330 | €20,431 | -€3,606 | ▼ 118% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €348,924 | €378,473 | €697,489 | €713,144 | €624,722 | ▼ 12.4% |
| Fixed assets21/28 | €10,406 | €73,553 | €279,639 | €344,589 | €321,721 | ▼ 6.6% |
| Tangible fixed assets22/27 | €10,406 | €73,553 | €279,639 | €344,589 | €321,721 | ▼ 6.6% |
| Land and buildings22 | €536 | €357 | €202,039 | €203,842 | €203,405 | ▼ 0.2% |
| Plant, machinery and equipment23 | €3,173 | €36,690 | €38,069 | €44,637 | €39,329 | ▼ 11.9% |
| Furniture and vehicles24 | €6,697 | €36,506 | €39,531 | €33,731 | €25,055 | ▼ 25.7% |
| Other tangible fixed assets26 | - | - | - | €62,378 | €53,932 | ▼ 13.5% |
| Current assets29/58 | €338,518 | €304,920 | €417,850 | €368,555 | €303,001 | ▼ 17.8% |
| Amounts receivable after more than one year29 | €88,888 | €77,776 | €113,756 | €96,353 | €90,918 | ▼ 5.6% |
| Other amounts receivable291 | €88,888 | €77,776 | €113,756 | €96,353 | €90,918 | ▼ 5.6% |
| Stocks and contracts in progress3 | €276 | €811 | €2,946 | €5,010 | €4,248 | ▼ 15.2% |
| Stocks30/36 | €276 | €811 | €2,946 | €5,010 | €4,248 | ▼ 15.2% |
| Amounts receivable within one year40/41 | €135,389 | €95,058 | €175,742 | €66,941 | €93,730 | ▲ 40.0% |
| Trade receivables40 | €13,163 | €47,598 | €168,598 | €60,245 | €93,573 | ▲ 55.3% |
| Other amounts receivable41 | €122,226 | €47,459 | €7,145 | €6,697 | €157 | ▼ 97.7% |
| Cash at bank and in hand54/58 | €767 | €43,791 | €19,426 | €11,517 | €70,765 | ▲ 514% |
| Deferred charges and accrued income490/1 | €113,198 | €87,484 | €105,980 | €188,734 | €43,340 | ▼ 77.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €348,924 | €378,473 | €697,489 | €713,144 | €624,722 | ▼ 12.4% |
| Equity10/15 | €269,784 | €340,125 | €358,455 | €378,885 | €375,279 | ▼ 1.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €261,724 | €332,065 | €350,395 | €370,825 | €367,219 | ▼ 1.0% |
| Amounts payable17/49 | €79,139 | €38,348 | €339,034 | €334,258 | €249,443 | ▼ 25.4% |
| Amounts payable after more than one year17 | €2,470 | - | €94,568 | €91,115 | €87,510 | ▼ 4.0% |
| Financial debts170/4 | €2,470 | - | €94,568 | €91,115 | €87,510 | ▼ 4.0% |
| Amounts payable within one year42/48 | €76,669 | €38,348 | €244,466 | €115,628 | €161,933 | ▲ 40.0% |
| Current portion of amounts payable after more than one year42 | €14,631 | €2,470 | €3,306 | €3,453 | €3,605 | ▲ 4.4% |
| Financial debts43 | €32,579 | €24,585 | - | €15,294 | €100,000 | ▲ 554% |
| Credit institutions430/8 | €32,579 | €24,585 | - | €15,294 | €100,000 | ▲ 554% |
| Trade debts44 | €6,046 | €3,628 | €9,388 | €96,386 | €46,962 | ▼ 51.3% |
| Suppliers440/4 | €6,046 | €3,628 | €9,388 | €96,386 | €46,962 | ▼ 51.3% |
| Advances received on contracts in progress46 | - | - | €214,476 | - | - | - |
| Taxes, remuneration and social security45 | €23,412 | €7,665 | €7,168 | - | €8,912 | - |
| Taxes450/3 | €9,660 | €4,722 | €3,371 | - | €8,912 | - |
| Remuneration and social security454/9 | €13,752 | €2,943 | €3,797 | - | - | - |
| Other amounts payable47/48 | - | - | €10,127 | €495 | €2,453 | ▲ 395% |
| Accrued charges and deferred income492/3 | - | - | - | €127,515 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,622 | €70,341 | €18,330 | €20,431 | -€3,606 | ▼ 118% |
| + Depreciation and write-downs630 | €7,881 | €4,644 | €17,312 | €24,609 | €33,681 | ▲ 36.9% |
| Operating cash flow (approximation) | -€22,741 | €74,985 | €35,642 | €45,040 | €30,074 | ▼ 33.2% |
| Investment in fixed assets (approximation) | - | -€67,791 | -€223,398 | -€89,559 | -€10,813 | ▲ 87.9% |
| Change in cash | - | €43,024 | -€24,365 | -€7,909 | €59,248 | ▲ 849% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
31-12
Financial
Back to profitnet €70,341
Net result €70,341 after 2 loss-making years.
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 65 days late
2021
31-12
Financial
Weakest financial yearnet -€30,622
Net result drops to -€30,622, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 97 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Nijlen · 1 establishment unit since 2007
Ground area
2,175 m²
Building footprint
197 m²
Volume, LiDAR
1,004 m³
Parcel 12018A0051/00V000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Solid Group
since 20072.160.030.939
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12018A0051/00V000 | Flanders | 2,175 m² | 1 · 197 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 7,148 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
46140Agents in the wholesale of industrial machinery, ships and aircraft
E-invoicing
Reachable via Peppol
Peppol ID
0208:0885808948
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.