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SOLID INVEST

Active
Public limited companyfounded 1993active for 33 yearsSpechtstraat(E) 5, 3630 Maasmechelen, BelgiumKBO/BCE: BE 0451.143.832
Summary

SOLID INVEST has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€5,297) and a net result of -€47,368. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 1,362 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (33 days) Filed on 2 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00491917.

Equity
-€5,297
2024 · €42,071
Total assets
€302,506▼ 10.8%
2024 · €339,288
Net result
-€47,368▲ 7.8%
2024 · -€51,375
Working capital
-€37,700
2024 · €6,148
Trend over the years

2020 to 2025, 5 financial years 2018 to 2025, 7 financial years

The operating result stays negative: a loss of €40,371 in 2025 against €44,134 in 2024; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€40,371 2025 Net result-€47,368 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 96, Personal service 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
Line2018201920202021202220242025
Operating result-€7,966-€4,104-€5,582€388,672-€69,016-€44,134--€40,371▲ 8.5%
Net result-€20,607-€3,470€6,806within the sector's middle half▲ 96.1%€283,834above the sector's middle half▲ 4,070%-€82,176below the sector's middle half-€51,375below the sector's middle half--€47,368below the sector's middle half▲ 7.8%
Equity€1,479-€4,949▲ 235%€11,755within the sector's middle half▲ 138%€295,590above the sector's middle half▲ 2,414%€213,414within the sector's middle half▼ 27.8%€42,071within the sector's middle half--€5,297below the sector's middle half
Total assets€808,893-€627,867▼ 22.4%€587,630above the sector's middle half▼ 6.4%€674,542above the sector's middle half▲ 14.8%€573,203within the sector's middle half▼ 15.0%€339,288above the sector's middle half-€302,506within the sector's middle half▼ 10.8%
Debt€807,414-€622,917▼ 22.9%€575,875▼ 7.6%€288,399▼ 49.9%€269,236▼ 6.6%€206,664-€217,250▲ 5.1%
Working capital-€488,292-€164,063€124,002above the sector's middle half▼ 24.4%€523,183above the sector's middle half▲ 322%€165,411within the sector's middle half▼ 68.4%€6,148within the sector's middle half--€37,700below the sector's middle half
Solvency0.2%-0.8%▲ 0.6pp2.0%within the sector's middle half▲ 1.2pp43.8%within the sector's middle half▲ 41.8pp37.2%within the sector's middle half▼ 6.6pp12.4%within the sector's middle half--1.8%below the sector's middle half▼ 14.2pp
Current ratio0.01-1.83▲ 1.811.82within the sector's middle half▼ 0.0114.27above the sector's middle half▲ 12.465.16above the sector's middle half▼ 9.121.14within the sector's middle half-0.36below the sector's middle half▼ 0.78
Return on assets (ROA)-2.5%-0.6%▲ 3.1pp1.2%within the sector's middle half▲ 0.6pp42.1%above the sector's middle half▲ 40.9pp-14.3%below the sector's middle half▼ 56.4pp-15.1%below the sector's middle half--15.7%below the sector's middle half▼ 0.5pp
above within below the middle half of NACE 96, Personal service 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 abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €302,506
Fixed assets €281,412 ▼ 2.5%
Current assets €21,094 ▼ 58.3%
Equity and liabilities
Equity-€5,297
Debt€217,250
Equity is negative: debt (€217,250) exceeds the balance-sheet total (€302,506).
Key figures and ratios
2025 value · change against 2024
EBITDA
-€31,787▲
2024 · -€35,990
Cash flow
-€38,784▲
2024 · -€43,231
Interest coverage
-4.02▲
2024 · -4.36
Debt ≤ 1 year
€58,794▲
2024 · €44,463
Debt > 1 year
€158,456▼
2024 · €162,201
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84.4% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more
4.5% went bankrupt
10.0% stopped otherwise
84.4% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,621 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€339,288€302,506▼
Formation expenses20€0€0=
Fixed assets21/28€288,676€281,412▼
Tangible fixed assets22/27€285,476€278,212▼
Land and buildings22€284,946€277,068▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€530€1,145▲
Financial fixed assets28€3,200€3,200=
Current assets29/58€50,612€21,094▼
Amounts receivable within one year40/41€34,970€16,491▼
Trade receivables40€14,941€14,941=
Other amounts receivable41€20,029€1,551▼
Cash at bank and in hand54/58€15,642€4,603▼
Equity and liabilities
Total equity and liabilities10/49€339,288€302,506▼
Equity10/15€42,071-€5,297▼
Contributions10/11€64,987€64,987=
Capital10€64,987€64,987=
Issued capital100€64,987€64,987=
Reserves13€274,757€274,757=
Non-distributable reserves130/1€3,099€3,099=
Legal reserve130€3,099€3,099=
Tax-exempt reserves132€271,658€271,658=
Profit (loss) carried forward14-€297,673-€345,041▼
Provisions and deferred taxes16€90,553€90,553=
Deferred taxes168€90,553€90,553=
Amounts payable17/49€206,664€217,250▲
Amounts payable after more than one year17€162,201€158,456▼
Financial debts170/4€162,201€158,456▼
Amounts payable within one year42/48€44,463€58,794▲
Current portion of amounts payable after more than one year42€40,008€22,189▼
Trade debts44€4,455€6,598▲
Suppliers440/4€4,455€6,598▲
Other amounts payable47/48-€30,008
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,144€8,584▲
Other operating charges640/8€2,989€2,096▼
Gross operating margin9900-€33,000-€29,692▲
Operating profit (loss)9901-€44,134-€40,371▲
Financial income75/76B€1,021€915▼
Recurring financial income75€1,021€915▼
Non-recurring financial income76B-€915
Financial charges65/66B€8,262€7,912▼
Recurring financial charges65€8,262€7,912▼
Profit (loss) for the period before taxes9903-€51,375-€47,368▲
Profit (loss) for the period9904-€51,375-€47,368▲
Profit (loss) for the period to be appropriated9905-€51,375-€47,368▲
Appropriation of the result
Profit (loss) to be appropriated9906-€297,673-€345,041▼
Profit (loss) brought forward from the previous period14P-€246,298-€297,673▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220242025Change
Non-recurring operating income76A---€362,211----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,914€12,050€5,698€5,559€1,013€8,144€8,584▲ 5.4%
Other operating charges640/8---€1,386€3,056€2,989€2,096▼ 29.9%
Gross operating margin9900€13,821€18,110€3,912€395,617-€64,946-€33,000-€29,692▲ 10.0%
Operating profit (loss)9901-€7,966€4,104-€5,582€388,672-€69,016-€44,134-€40,371▲ 8.5%
Financial income75/76B---€353€10€1,021€915▼ 10.4%
Recurring financial income75€8-€22,605€353€10€1,021€915▼ 10.4%
Non-recurring financial income76B------€915-
Financial charges65/66B---€9,185€12,232€8,262€7,912▼ 4.2%
Recurring financial charges65€12,205€230€8,917€9,185€12,232€8,262€7,912▼ 4.2%
Profit (loss) for the period before taxes9903-€20,162€3,874€8,106€379,840-€81,237-€51,375-€47,368▲ 7.8%
Transfer to deferred taxes680---€90,553----
Income taxes67/77€444€404€1,300€5,452€939---
Profit (loss) for the period9904-€20,607€3,470€6,806€283,834-€82,176-€51,375-€47,368▲ 7.8%
Transfer to tax-exempt reserves689---€271,658----
Profit (loss) for the period to be appropriated9905-€20,607€3,470€6,806€12,176-€82,176-€51,375-€47,368▲ 7.8%
Line2018201920202021202220242025Change
Assets
Total assets20/58€808,893€627,867€587,630€674,542€573,203€339,288€302,506▼ 10.8%
Formation expenses20----€0€0€0-
Fixed assets21/28€803,423€265,072€311,939€111,941€367,994€288,676€281,412▼ 2.5%
Tangible fixed assets22/27€803,423€265,072€311,939€108,741€364,794€285,476€278,212▼ 2.5%
Land and buildings22---€30,000€300,704€284,946€277,068▼ 2.8%
Plant, machinery and equipment23---€1,001€500€0€0-
Furniture and vehicles24---€77,740€63,590€530€1,145▲ 116%
Financial fixed assets28---€3,200€3,200€3,200€3,200=
Current assets29/58€5,470€362,794€275,691€562,601€205,209€50,612€21,094▼ 58.3%
Amounts receivable within one year40/41€2,012--€16,149€49,400€34,970€16,491▼ 52.8%
Trade receivables40----€11,850€14,941€14,941=
Other amounts receivable41---€16,149€37,550€20,029€1,551▼ 92.3%
Cash at bank and in hand54/58€3,458€362,794€275,691€546,451€155,809€15,642€4,603▼ 70.6%
Equity and liabilities
Total equity and liabilities10/49€808,893€627,867€587,630€674,542€573,203€339,288€302,506▼ 10.8%
Equity10/15€1,479€4,949€11,755€295,590€213,414€42,071-€5,297-
Contributions10/11€64,987€64,987€64,987€64,987€64,987€64,987€64,987=
Capital10---€64,987€64,987€64,987€64,987=
Issued capital100---€64,987€64,987€64,987€64,987=
Reserves13€3,099€3,099€3,099€274,757€274,757€274,757€274,757=
Non-distributable reserves130/1---€3,099€3,099€3,099€3,099=
Legal reserve130---€3,099€3,099€3,099€3,099=
Tax-exempt reserves132---€271,658€271,658€271,658€271,658=
Profit (loss) carried forward14-€66,606-€63,136-€56,330-€44,154-€126,330-€297,673-€345,041▼ 15.9%
Provisions and deferred taxes16---€90,553€90,553€90,553€90,553=
Deferred taxes168---€90,553€90,553€90,553€90,553=
Amounts payable17/49€807,414€622,917€575,875€288,399€269,236€206,664€217,250▲ 5.1%
Amounts payable after more than one year17€313,652€424,186€424,186€248,982€229,439€162,201€158,456▼ 2.3%
Financial debts170/4---€243,601€224,058€162,201€158,456▼ 2.3%
Other amounts payable178/9---€5,381€5,381---
Amounts payable within one year42/48€493,762€198,732€151,689€39,417€39,797€44,463€58,794▲ 32.2%
Current portion of amounts payable after more than one year42---€19,881€17,862€40,008€22,189▼ 44.5%
Trade debts44€147,745-€31,442-€15,837€4,455€6,598▲ 48.1%
Suppliers440/4----€15,837€4,455€6,598▲ 48.1%
Taxes, remuneration and social security45---€19,536€6,099---
Taxes450/3---€19,536€6,099---
Other amounts payable47/48------€30,008-
Line2018201920202021202220242025Change
Profit (loss) for the period9904-€20,607€3,470€6,806€283,834-€82,176-€51,375-€47,368▲ 7.8%
+ Depreciation and write-downs630€19,914€12,050€5,698€5,559€1,013€8,144€8,584▲ 5.4%
Operating cash flow (approximation)-€693€15,521€12,504€289,394-€81,163-€43,231-€38,784▲ 10.3%
Investment in fixed assets (approximation)-€526,300-€52,565€194,439-€257,066--€1,320-
Change in cash-€359,336-€87,103€270,760-€390,643--€11,039-

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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Latest 10 of 31 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 02-09-2026 2026-00491917
31-12-2024 micro format 29-08-2025 2025-00428695
31-12-2022 abbreviated format 31-08-2023 2023-00412844
31-12-2021 micro format 31-08-2022 2022-20413935
31-12-2020 micro format 29-10-2021 2021-75400417
31-12-2019 abbreviated format 31-10-2020 2020-68200172
31-12-2018 abbreviated format 10-12-2019 2019-75800487
31-12-2017 abbreviated format 15-10-2018 2018-69500235
31-12-2016 abbreviated format 30-09-2017 2017-66400334
31-12-2015 abbreviated format 28-09-2016 2016-63700253

Show all 31 filings

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 6,934 active companies whose main activity is other personal services (NACE 96999), figures are known for 605. See the whole sector

Subsidies and aid

Flemish government

2025 · 1 entry · €915 awarded · €915 paid
Schemes
1 entry · €915 · €915 paid · Vlaams Energie- en Klimaatagentschap

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.