Solid Land Trust
ActiveSummary
Solid Land Trust has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13.5m and a net result of €326,608. Equity is growing by about 11% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.1% (low).
Financials · financial year 2024, abbreviated format
2019 to 2024, 5 financial years 2018 to 2024, 6 financial years
The operating result falls in 2024; 2024 is 73% below 2023 and is 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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 544 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 93% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% 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 544 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €5.3m | €4.9m | €3.7m | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.007m | ▲ 525% |
| Gross operating margin9900 | - | - | €2.0m | €1.8m | €0.7m | €0.2m | ▼ 72.4% |
| Operating profit (loss)9901 | €3.4m | €3.0m | €2.0m | €1.8m | €0.7m | €0.2m | ▼ 73.3% |
| Financial income75/76B | - | - | - | €0.2m | €0.2m | €0.3m | ▲ 37.5% |
| Recurring financial income75 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 37.5% |
| Financial charges65/66B | - | - | - | €0.008m | €0.006m | €0.006m | ▲ 2.6% |
| Recurring financial charges65 | €0.01m | €0.02m | €0.01m | €0.008m | €0.006m | €0.006m | ▲ 2.6% |
| Debt charges650 | €0.004m | €0.003m | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €3.4m | €3.1m | €2.2m | €2.0m | €0.9m | €0.4m | ▼ 50.5% |
| Income taxes67/77 | €1.0m | €0.9m | €0.6m | €0.5m | €0.2m | €0.1m | ▼ 51.9% |
| Profit (loss) for the period9904 | €2.4m | €2.2m | €1.6m | €1.5m | €0.7m | €0.3m | ▼ 50.1% |
| Profit (loss) for the period to be appropriated9905 | €2.4m | €2.2m | €1.6m | €1.5m | €0.7m | €0.3m | ▼ 50.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €11.6m | €11.7m | €13.0m | €13.2m | €13.4m | €17.1m | ▲ 27.9% |
| Current assets29/58 | €11.6m | €11.7m | €13.0m | €13.2m | €13.4m | €17.1m | ▲ 27.9% |
| Stocks and contracts in progress3 | €4.7m | €3.0m | €2.3m | €2.0m | €5.9m | €6.0m | ▲ 2.2% |
| Stocks30/36 | - | - | - | €2.0m | €5.9m | €6.0m | ▲ 2.2% |
| Amounts receivable within one year40/41 | €6.4m | €7.3m | €9.9m | €10.6m | €7.1m | €11.1m | ▲ 56.3% |
| Trade receivables40 | - | - | - | €1.5m | €0.6m | €0.6m | ▲ 8.8% |
| Other amounts receivable41 | - | - | - | €9.0m | €6.5m | €10.5m | ▲ 60.4% |
| Cash at bank and in hand54/58 | €0.6m | €1.4m | €0.8m | €0.6m | €0.4m | €0.04m | ▼ 91.4% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €11.6m | €11.7m | €13.0m | €13.2m | €13.4m | €17.1m | ▲ 27.9% |
| Equity10/15 | €6.5m | €8.6m | €10.3m | €11.7m | €13.2m | €13.5m | ▲ 2.5% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | - | - | - |
| Distributable reserves133 | - | - | - | - | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €6.4m | €8.6m | €10.2m | €11.7m | €13.2m | €13.5m | ▲ 2.5% |
| Amounts payable17/49 | €5.2m | €3.1m | €2.7m | €1.5m | €0.2m | €3.6m | ▲ 1,484% |
| Amounts payable after more than one year17 | €3.1m | €0.3m | - | €0.5m | - | €2.4m | - |
| Financial debts170/4 | - | - | - | €0.5m | - | €2.4m | - |
| Amounts payable within one year42/48 | €2.1m | €2.8m | €2.7m | €0.9m | €0.2m | €1.2m | ▲ 432% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.3m | - | €1.0m | - |
| Financial debts43 | - | - | - | €0.2m | - | - | - |
| Credit institutions430/8 | - | - | - | €0.2m | - | - | - |
| Trade debts44 | €0.06m | €0.06m | €0.06m | €0.08m | €0.05m | €0.04m | ▼ 18.0% |
| Suppliers440/4 | - | - | - | €0.08m | €0.05m | €0.04m | ▼ 18.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.4m | €0.2m | €0.2m | ▲ 1.9% |
| Taxes450/3 | - | - | - | €0.4m | €0.2m | €0.2m | ▲ 1.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.4m | €2.2m | €1.6m | €1.5m | €0.7m | €0.3m | ▼ 50.1% |
| Operating cash flow (approximation) | €2.4m | €2.2m | €1.6m | €1.5m | €0.7m | €0.3m | ▼ 50.1% |
| Change in cash | - | €0.9m | -€0.6m | -€0.2m | - | -€0.4m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Public contracts: not fully processed yet. The notices from February 2019 to September 2026 are still being read.