SOLID PELT
ActiveSummary
SOLID PELT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €543k and a net result of €92k. Equity is growing by ~31.3% per year across the filed fiscal years. Its solvency ranks better than 59% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78=
Solvency67▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 1.29 in 2024; short-term debt: 5.7% and cash: 11% of total assets), but 57.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.1%
Return on assets
7.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
28 d early
2024
21 d early
2023
30 d late
2022
27 d early
2021
31 d late
2020
48 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€543k▲ 20.4%
2024 · €451k
2020: €50klowest in 6 years
2021: €156k▲ +209% vs 2020
2022: €269k▲ +72.5% vs 2021
2023: €360k▲ +34.0% vs 2022
2024: €451k▲ +25.2% vs 2023
2025: €543k▲ +20.4% vs 2024highest in 6 years
2020 → 2025
Total assets
€1.29M▲ 0.7%
2024 · €1.28M
2020: €1.45Mhighest in 6 years
2021: €1.36M▼ -6.3% vs 2020
2022: €1.24M▼ -8.8% vs 2021lowest in 6 years
2023: €1.25M▲ +1.0% vs 2022
2024: €1.28M▲ +2.2% vs 2023
2025: €1.29M▲ +0.7% vs 2024
2020 → 2025
Net result
€92k▲ 1.3%
2024 · €91k
2020: €-100klowest in 6 years
2021: €106k▲ +206% vs 2020
2022: €113k▲ +7.1% vs 2021highest in 6 years
2023: €91k▼ -19.2% vs 2022
2024: €91k▼ -0.7% vs 2023
2025: €92k▲ +1.3% vs 2024
2020 → 2025
Working capital
€69k▲ 184%
2024 · €24k
2020: €-1.08Mlowest in 6 years
2021: €20k▲ +102% vs 2020
2022: €-64k▼ -419% vs 2021
2023: €-20k▲ +69.2% vs 2022
2024: €24k▲ +222% vs 2023
2025: €69k▲ +184% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€156k-€269k▲ 72.5%€360k▲ 34.0%€451k▲ 25.2%€543k▲ 20.4%
2021: €156klowest in 5 years
2022: €269k▲ +72.5% vs 2021
2023: €360k▲ +34.0% vs 2022
2024: €451k▲ +25.2% vs 2023
2025: €543k▲ +20.4% vs 2024highest in 5 years
Operating result€120k-€134k▲ 11.4%€132k▼ 1.8%€132k▲ 0.6%€133k▲ 0.5%
2021: €120klowest in 5 years
2022: €134k▲ +11.4% vs 2021highest in 5 years
2023: €132k▼ -1.8% vs 2022
2024: €132k▲ +0.6% vs 2023
2025: €133k▲ +0.5% vs 2024
Net result€106k-€113k▲ 7.1%€91k▼ 19.2%€91k▼ 0.7%€92k▲ 1.3%
2021: €106k
2022: €113k▲ +7.1% vs 2021highest in 5 years
2023: €91k▼ -19.2% vs 2022
2024: €91k▼ -0.7% vs 2023lowest in 5 years
2025: €92k▲ +1.3% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.29M
Fixed assets
€1.15M ▼ 2.2%
Current assets
€143k ▲ 32.5%
Equity and liabilities €1.29M
Equity
€543k ▲ 20.4%
Debt
€746k ▼ 10.0%
Debt's share of the balance-sheet total falls from 64.8% to 57.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€159k=
2024 · €159k
Cash flow
€118k▲
2024 · €117k
Current ratio
1.93▲
2024 · 1.29
Debt to equity
1.37▼
2024 · 1.84
ROE
16.9%▼
2024 · 20.1%
ROA
7.1%▲
2024 · 7.1%
Interest coverage
15.11▲
2024 · 13.87
Debt ≤ 1 year
€74k▼
2024 · €84k
Debt > 1 year
€672k▼
2024 · €746k
Income taxes
€31k▲
2024 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.28M€1.29M▲
Formation expenses20€129€0▼
Fixed assets21/28€1.17M€1.15M▼
Tangible fixed assets22/27€1.17M€1.15M▼
Land and buildings22€1.17M€1.15M▼
Current assets29/58€108k€143k▲
Amounts receivable within one year40/41€20k€705▼
Trade receivables40€19k€108▼
Other amounts receivable41€596€596=
Cash at bank and in hand54/58€88k€142k▲
Equity and liabilities
Total equity and liabilities10/49€1.28M€1.29M▲
Equity10/15€451k€543k▲
Contributions10/11€150k€150k=
Reserves13€100k€100k=
Tax-exempt reserves132€100k€100k=
Profit (loss) carried forward14€201k€293k▲
Amounts payable17/49€829k€746k▼
Amounts payable after more than one year17€746k€672k▼
Financial debts170/4€746k€672k▼
Amounts payable within one year42/48€84k€74k▼
Current portion of amounts payable after more than one year42€73k€73k=
Trade debts44€10k€50▼
Suppliers440/4€10k€50▼
Taxes, remuneration and social security45€239€628▲
Taxes450/3€239€628▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€26k▼
Other operating charges640/8€20k€21k▲
Gross operating margin9900€179k€180k▲
Operating profit (loss)9901€132k€133k▲
Financial charges65/66B€11k€11k▼
Recurring financial charges65€11k€11k▼
Profit (loss) for the period before taxes9903€121k€123k▲
Income taxes67/77€30k€31k▲
Profit (loss) for the period9904€91k€92k▲
Profit (loss) for the period to be appropriated9905€91k€92k▲
Appropriation of the result
Profit (loss) to be appropriated9906€201k€293k▲
Profit (loss) brought forward from the previous period14P€111k€201k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €27k | €27k | €27k | €26k | ▼ 2.4% |
| Other operating charges640/8 | €18k | €17k | €20k | €20k | €21k | ▲ 3.0% |
| Gross operating margin9900 | €165k | €178k | €178k | €179k | €180k | ▲ 0.3% |
| Operating profit (loss)9901 | €120k | €134k | €132k | €132k | €133k | ▲ 0.5% |
| Financial charges65/66B | €13k | €14k | €12k | €11k | €11k | ▼ 8.3% |
| Recurring financial charges65 | €13k | €14k | €12k | €11k | €11k | ▼ 8.3% |
| Profit (loss) for the period before taxes9903 | €108k | €120k | €119k | €121k | €123k | ▲ 1.3% |
| Income taxes67/77 | €2k | €7k | €28k | €30k | €31k | ▲ 1.3% |
| Profit (loss) for the period9904 | €106k | €113k | €91k | €91k | €92k | ▲ 1.3% |
| Transfer to tax-exempt reserves689 | €100k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €6k | €113k | €91k | €91k | €92k | ▲ 1.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.36M | €1.24M | €1.25M | €1.28M | €1.29M | ▲ 0.7% |
| Formation expenses20 | €2k | €2k | €903 | €129 | €0 | ▼ 100% |
| Fixed assets21/28 | €1.25M | €1.22M | €1.20M | €1.17M | €1.15M | ▼ 2.2% |
| Tangible fixed assets22/27 | €1.25M | €1.22M | €1.20M | €1.17M | €1.15M | ▼ 2.2% |
| Land and buildings22 | €1.25M | €1.22M | €1.20M | €1.17M | €1.15M | ▼ 2.2% |
| Current assets29/58 | €108k | €15k | €54k | €108k | €143k | ▲ 32.5% |
| Amounts receivable within one year40/41 | €67k | €896 | €705 | €20k | €705 | ▼ 96.4% |
| Trade receivables40 | €65k | - | - | €19k | €108 | ▼ 99.4% |
| Other amounts receivable41 | €2k | €896 | €705 | €596 | €596 | = |
| Cash at bank and in hand54/58 | €40k | €12k | €53k | €88k | €142k | ▲ 61.5% |
| Deferred charges and accrued income490/1 | €1k | €1k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.36M | €1.24M | €1.25M | €1.28M | €1.29M | ▲ 0.7% |
| Equity10/15 | €156k | €269k | €360k | €451k | €543k | ▲ 20.4% |
| Contributions10/11 | €150k | €150k | €150k | €150k | €150k | = |
| Outside capital11 | €150k | - | - | - | - | - |
| Other1109/19 | €150k | - | - | - | - | - |
| Reserves13 | €100k | €100k | €100k | €100k | €100k | = |
| Tax-exempt reserves132 | €100k | €100k | €100k | €100k | €100k | = |
| Profit (loss) carried forward14 | €-94k | €19k | €111k | €201k | €293k | ▲ 45.6% |
| Amounts payable17/49 | €1.20M | €971k | €892k | €829k | €746k | ▼ 10.0% |
| Amounts payable after more than one year17 | €1.12M | €892k | €819k | €746k | €672k | ▼ 9.8% |
| Financial debts170/4 | €1.12M | €892k | €819k | €746k | €672k | ▼ 9.8% |
| Amounts payable within one year42/48 | €88k | €79k | €73k | €84k | €74k | ▼ 11.4% |
| Current portion of amounts payable after more than one year42 | €73k | €73k | €73k | €73k | €73k | = |
| Trade debts44 | €7k | - | - | €10k | €50 | ▼ 99.5% |
| Suppliers440/4 | €7k | - | - | €10k | €50 | ▼ 99.5% |
| Taxes, remuneration and social security45 | €7k | €6k | - | €239 | €628 | ▲ 163% |
| Taxes450/3 | €7k | €6k | - | €239 | €628 | ▲ 163% |
| Accrued charges and deferred income492/3 | €789 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106k | €113k | €91k | €91k | €92k | ▲ 1.3% |
| + Depreciation and write-downs630 | €27k | €27k | €27k | €27k | €26k | ▼ 2.4% |
| Operating cash flow (approximation) | €132k | €140k | €118k | €117k | €118k | ▲ 0.4% |
| Investment in fixed assets (approximation) | - | €-774 | €-774 | €-774 | €-129 | ▲ 83.3% |
| Change in cash | - | €-27k | €40k | €35k | €54k | ▲ 54.1% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500kEq €543k ▲20.4%
5 profitable years in a row build equity to €543k.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2020net €113k ▲7.1%
Operating result €134k, net result €113k, both a record.
31-12
Financial
Equity above €200kEq €269k ▲72.5%
2 profitable years in a row build equity to €269k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €106k
Net result €106k after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 1.23
Current ratio from 0.14 to 1.23; short-term debt falls from €1.25M to €88k.
31-12
Financial
Equity above €150kEq €156k ▲209%
Equity rises from €50k to €156k.
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 48 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Pelt · 1 establishment unit since 2020
Ground area
1.5 ha
Building footprint
5,614 m²
Volume, LiDAR
46,537 m³
Parcel 72502E0102/00G133, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
SOLID PELT
since 20202.306.480.054
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00G133 | Flanders | 1.5 ha | 1 · 5,614 m² | 12.4 m · 3 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.
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,395 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
Founded05-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
41003General construction of other non-residential buildings
Contact
E-mail
carlo@sbo.eu
Phone
011800480
Scores and ratios are computed by Checked and are not a credit decision.