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SOLID OFFICIAL SYSTEM OF CONSTRUCTION

Active
Private limited companyfounded 2019active for 7 yearsVinkenlaan 114, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0725.773.202
Summary

The computed 12-month bankruptcy probability of SOLID OFFICIAL SYSTEM OF CONSTRUCTION is 2.2% (moderate). The 2025 annual accounts show equity of €128,679 and a net result of €4,341. Equity is growing by about 30% per year across the filed financial years. Its solvency ranks better than 65% of 34,650 sector peers (NACE 43, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.

SOLID OFFICIAL SYSTEM OF CONSTRUCTIONActiveChecked score 53/100

Overview

Activity
Other specialised construction activities
NACE 43990
1 site
Size
€215,679total assets 2025
Equity
€128,679
Profit
€4,341
Turnover not published (micro format)
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.2%
Structure
  • FAFARA, DamianDirector
Accounts filed 40 days late2 of 3 deeds read
Why 53raises riskLatest accounts 40 days late; 1 of the last 3 lateSize: total assets €215,679Founded in 2019Liquidity: current ratio 7.77, cash €2,007Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 42% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Average
Solvency 85-4
equity 59.7% of total assets
Liquidity 50+12
short-term debt 12.5% · cash 0.9%
Profitability 38-46
return on assets 2.0%
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,603 companies, NACE 43, micro)
Last 24 months 11-2024: 1.5% 12-2024: 1.5%● unchanged vs 11-2024 01-2025: 1.5%● unchanged vs 12-2024 02-2025: 1.5%● unchanged vs 01-2025 03-2025: 1.4%▼ -0.1 percentage points vs 02-2025lowest value 04-2025: 1.5%▲ +0.1 percentage points vs 03-2025 05-2025: 1.7%▲ +0.2 percentage points vs 04-2025 06-2025: 1.7%● unchanged vs 05-2025 07-2025: 1.5%▼ -0.2 percentage points vs 06-2025 08-2025: 2.3%▲ +0.8 percentage points vs 07-2025 09-2025: 3.0%▲ +0.7 percentage points vs 08-2025highest value 10-2025: 3.0%● unchanged vs 09-2025highest value 11-2025: 3.0%● unchanged vs 10-2025highest value 12-2025: 2.1%▼ -0.9 percentage points vs 11-2025 01-2026: 2.1%● unchanged vs 12-2025 02-2026: 2.1%● unchanged vs 01-2026 03-2026: 2.1%● unchanged vs 02-2026 04-2026: 2.1%● unchanged vs 03-2026 05-2026: 2.1%● unchanged vs 04-2026 06-2026: 2.1%● unchanged vs 05-2026 07-2026: 2.1%● unchanged vs 06-2026 08-2026: 2.6%▲ +0.5 percentage points vs 07-2026 09-2026: 2.7%▲ +0.1 percentage points vs 08-2026 10-2026: 2.2%▼ -0.5 percentage points vs 09-2026
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity ample (current ratio 7.77, compared with 2.79 in 2024, above the usual 1.5; short-term debt: 12.5% and cash: 0.9% of total assets), and 40.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 65% on solvency, 42% on liquidity, 19% on profitability and 44% on growth.

The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
raises riskneutral
raises risk · Latest accounts 40 days late; 1 of the last 3 late
NBB · filings
raises risk · Size: total assets €215,679
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Founded in 2019
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 7.77, cash €2,007
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filings
Deviation from the deadline
2025
40 days late
2024
29 days late
2023
30 days late
2022
31 days late
2021
29 days late
2020
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 27 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 (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Weakest financial yearnet €4,341 ▼82.2%
  3. Liquidity more than doubledcurrent ratio 7.77

Key points

  • Positive: 6 profitable years in a rowprofit 2025: €4,341 6 years View
  • One director decidessole director in office 1 View
  • Total assets 20256 financial years filed €215,679 View

By topic

Financials

Financial year
2025
Total assets
€215,679
Profit
€4,341
Solvency
59.7%
Total assets▲ 10.4%
Net result
20202025
Go to Financials

Timeline

Events
11
Since
2021
Next accounts
by 31-07-2027
  1. 29-08-2025Annual accounts filed
  2. 31-12-2024Equity above €100,000
  3. 30-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other specialised construction activitiesNACE 43990
Founded
26-04-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
15
Who signs
Each director alone
Annual meeting
First Friday of June at 12:00
Purpose
“Studie en uitvoering van alle openbare en private bouwwerkzaamheden als algemeen aannemer…” (deed in Dutch)
Go to Articles of association

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