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SOLID INVESTER

Active
Private limited companyfounded 2004active for 22 yearsPicardstraat 20, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0864.547.538
Summary

The computed 12-month bankruptcy probability of SOLID INVESTER is 4.2% (elevated). The 2024 annual accounts show equity of €10,222 and a net result of €39,665. Equity is growing by about 104% per year across the filed financial years. The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, abbreviated format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 14 October 2026.

Equity
€10,222
2023 · -€29,443
Total assets
€366,408▼ 45.0%
2023 · €666,574
Net result
€39,665
2023 · -€33,137
Working capital
-€59,753▲ 32.7%
2023 · -€88,813
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

After the dip in 2021 the operating result has climbed three years in a row; 2024 is 27% above 2023 and is the highest 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€53,568 2024 Net result€39,665 2024

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

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Operating result€2,609-€44,939▲ 1,622%€40,193▼ 10.6%€37,295▼ 7.2%€40,139▲ 7.6%€42,136▲ 5.0%€53,568▲ 27.1%
Net result-€16,739-€35,710€33,879▼ 5.1%€32,009▼ 5.5%€34,468▲ 7.7%-€33,137€39,665
Equity-€132,373--€96,662▲ 27.0%-€62,783▲ 35.0%-€30,774▲ 51.0%€3,694-€29,443€10,222
Total assets€647,354-€632,805▼ 2.2%€690,662▲ 9.1%€634,251▼ 8.2%€621,004▼ 2.1%€666,574▲ 7.3%€366,408▼ 45.0%
Debt€779,727-€729,467▼ 6.4%€753,446▲ 3.3%€665,026▼ 11.7%€617,310▼ 7.2%€696,017▲ 12.8%€356,186▼ 48.8%
Working capital-€208,877--€143,973▲ 31.1%-€131,089▲ 8.9%-€149,068▼ 13.7%-€124,235▲ 16.7%-€88,813▲ 28.5%-€59,753▲ 32.7%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €366,408
Fixed assets €260,934 ▼ 7.8%
Current assets €105,474 ▼ 72.5%
Equity and liabilities €366,408
Equity €10,222
Debt €356,186
Debt finances 97.2% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
EBITDA
€75,499▲
2023 · €75,318
Cash flow
€61,596▲
2023 · €44
Current ratio
0.64▼
2023 · 0.81
Debt to equity
34.85
ROE
388.0%
ROA
10.8%▲
2023 · -5.0%
Interest coverage
5.43▲
2023 · 1.12
Debt ≤ 1 year
€165,227▼
2023 · €472,520
Debt > 1 year
€100,632▼
2023 · €142,418
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 931 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 92.9% are still going.

  • Micro
  • 20 years or older
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
1.9% went bankrupt
4.6% stopped otherwise
92.9% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.2% 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 497,470 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% 1.0%
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 931 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 · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€666,574€366,408▼
Fixed assets21/28€282,866€260,934▼
Tangible fixed assets22/27€282,866€260,934▼
Land and buildings22€282,866€260,934▼
Other tangible fixed assets26€0€0=
Current assets29/58€383,708€105,474▼
Amounts receivable after more than one year29€30,500-
Other amounts receivable291€30,500-
Amounts receivable within one year40/41€329,200€80,678▼
Other amounts receivable41€329,200€80,678▼
Deferred charges and accrued income490/1€24,008€24,796▲
Equity and liabilities
Total equity and liabilities10/49€666,574€366,408▼
Equity10/15-€29,443€10,222▲
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14-€49,443-€9,778▲
Amounts payable17/49€696,017€356,186▼
Amounts payable after more than one year17€142,418€100,632▼
Financial debts170/4€142,418€100,632▼
Amounts payable within one year42/48€472,520€165,227▼
Current portion of amounts payable after more than one year42€51,867€50,028▼
Financial debts43€2,182€4,007▲
Credit institutions430/8€2,182€4,007▲
Trade debts44€5,950€1,192▼
Suppliers440/4€5,950€1,192▼
Other amounts payable47/48€412,521€110,000▼
Accrued charges and deferred income492/3€81,078€90,328▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33,182€21,932▼
Other operating charges640/8€977€1,717▲
Gross operating margin9900€76,294€77,216▲
Operating profit (loss)9901€42,136€53,568▲
Financial charges65/66B€67,481€13,903▼
Recurring financial charges65€67,481€13,903▼
Profit (loss) for the period before taxes9903-€25,345€39,665▲
Income taxes67/77€7,792-
Profit (loss) for the period9904-€33,137€39,665▲
Profit (loss) for the period to be appropriated9905-€33,137€39,665▲
Appropriation of the result
Profit (loss) to be appropriated9906-€49,443-€9,778▲
Profit (loss) brought forward from the previous period14P-€16,306-€49,443▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68,914€33,354€33,182€33,182€33,182€33,182€21,932▼ 33.9%
Other operating charges640/8---€6,858€1,164€977€1,717▲ 75.8%
Gross operating margin9900€72,594€78,651€77,925€77,335€74,484€76,294€77,216▲ 1.2%
Operating profit (loss)9901€2,609€44,939€40,193€37,295€40,139€42,136€53,568▲ 27.1%
Financial income75/76B----€111---
Recurring financial income75€44---€111---
Financial charges65/66B---€5,286€5,782€67,481€13,903▼ 79.4%
Recurring financial charges65€19,391€9,229€6,313€5,286€5,782€67,481€13,903▼ 79.4%
Profit (loss) for the period before taxes9903-€16,739€35,710€33,879€32,009€34,468-€25,345€39,665-
Income taxes67/77-----€7,792--
Profit (loss) for the period9904-€16,739€35,710€33,879€32,009€34,468-€33,137€39,665-
Profit (loss) for the period to be appropriated9905-€16,739€35,710€33,879€32,009€34,468-€33,137€39,665-
Line2018201920202021202220232024Change
Assets
Total assets20/58€647,354€632,805€690,662€634,251€621,004€666,574€366,408▼ 45.0%
Fixed assets21/28€509,447€415,593€382,411€349,229€316,048€282,866€260,934▼ 7.8%
Tangible fixed assets22/27€448,947€415,593€382,411€349,229€316,048€282,866€260,934▼ 7.8%
Land and buildings22---€349,229€316,048€282,866€260,934▼ 7.8%
Other tangible fixed assets26-----€0€0-
Financial fixed assets28€60,500-------
Current assets29/58€137,908€217,212€308,251€285,022€304,956€383,708€105,474▼ 72.5%
Amounts receivable after more than one year29---€30,500€30,500€30,500--
Other amounts receivable291---€30,500€30,500€30,500--
Amounts receivable within one year40/41€108,000€131,000€223,700€224,700€266,210€329,200€80,678▼ 75.5%
Trade receivables40----€10---
Other amounts receivable41---€224,700€266,200€329,200€80,678▼ 75.5%
Cash at bank and in hand54/58€5,908€1,712€51€25,907€2,943---
Deferred charges and accrued income490/1---€3,916€5,303€24,008€24,796▲ 3.3%
Equity and liabilities
Total equity and liabilities10/49€647,354€632,805€690,662€634,251€621,004€666,574€366,408▼ 45.0%
Equity10/15-€132,373-€96,662-€62,783-€30,774€3,694-€29,443€10,222-
Contributions10/11€20,000€20,000-€20,000€20,000€20,000€20,000=
Profit (loss) carried forward14-€152,373-€116,662-€82,783-€50,774-€16,306-€49,443-€9,778▲ 80.2%
Amounts payable17/49€779,727€729,467€753,446€665,026€617,310€696,017€356,186▼ 48.8%
Amounts payable after more than one year17€412,858€348,198€294,021€230,936€188,118€142,418€100,632▼ 29.3%
Financial debts170/4---€230,936€188,118€142,418€100,632▼ 29.3%
Amounts payable within one year42/48€346,785€361,185€439,341€434,090€429,191€472,520€165,227▼ 65.0%
Current portion of amounts payable after more than one year42---€48,463€48,912€51,867€50,028▼ 3.5%
Financial debts43-----€2,182€4,007▲ 83.6%
Credit institutions430/8-----€2,182€4,007▲ 83.6%
Trade debts44€348-€3,398€348-€5,950€1,192▼ 80.0%
Suppliers440/4---€348-€5,950€1,192▼ 80.0%
Other amounts payable47/48---€385,280€380,280€412,521€110,000▼ 73.3%
Accrued charges and deferred income492/3-----€81,078€90,328▲ 11.4%
Line2018201920202021202220232024Change
Profit (loss) for the period9904-€16,739€35,710€33,879€32,009€34,468-€33,137€39,665-
+ Depreciation and write-downs630€68,914€33,354€33,182€33,182€33,182€33,182€21,932▼ 33.9%
Operating cash flow (approximation)€52,175€69,064€67,061€65,191€67,650€44€61,596▲ 138,693%
Investment in fixed assets (approximation)-€60,500€0€0€0€0€0-
Change in cash--€4,196-€1,661€25,855-€22,963---

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 20 filings with the National Bank
Financial year Type Filed Reference
31-12-2024 abbreviated format 23-12-2025 2026-00000348
31-12-2023 abbreviated format 24-10-2024 2024-00522206
31-12-2022 abbreviated format 09-10-2023 2023-00477849
31-12-2021 abbreviated format 25-08-2022 2022-20314886
31-12-2020 abbreviated format 31-08-2021 2021-63200598
31-12-2019 abbreviated format 06-11-2020 2020-69200190
31-12-2018 abbreviated format 02-11-2020 2020-67100117
31-12-2017 abbreviated format 25-09-2018 2018-64400119
31-12-2016 abbreviated format 27-09-2017 2017-64500430
31-12-2015 abbreviated format 31-08-2016 2016-57200537

Show all 20 filings

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