Equity
SOLID PELT has made a profit without a break since 2021.
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 68, micro). It does better than 58% of them on solvency, 75% on liquidity, 74% on profitability and 75% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,782 companies had the same profile as SOLID PELT has now. Each dot stands for 17 companies, two years later.
That fits the bankruptcy probability of SOLID PELT itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for SOLID PELT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.93 (1.29 in 2024), above the usual 1.5. Short-term debt is 5.7% and cash 11% of total assets. However, 57.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 6 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SOLID PELT Pelt | €1.3m | €179,814 | 42.1% | - |
| Eltimmo Pelt | €1.3m | €145,565 | 22.1% | 1 |
| HUASCARAN Beringen | €1.4m | €154,967 | 6.5% | - |
| D.H.V. Management Herve | €1.3m | €160,763 | 7.0% | - |
| IMMO-SINERI Awans | €1.3m | €154,246 | 5.1% | - |
| Handelsbeurs Antwerpen Events Antwerp | €1.2m | €196,810 | -2.9% | 2.6 |
| MARIE-ART Waregem | €1.1m | €163,188 | 10.9% | - |
These companies have the same main activity as SOLID PELT: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.1m and €1.4m, founded between 2019 and 2020.
SOLID PELT files the abbreviated format. That format states no turnover. The gross margin rose from €7,226 in 2020 to €179,814 in 2025.
NEMA Invest holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €240,000. Estimated: probably between €190,000 and €380,000.
Higher than 59% of 11,299 companies in 2025.
Higher than 67% of 10,851 companies in 2025.
Higher than 80% of 11,184 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
1.3m | 1.3m | 1.3m | 1.2m | 1.4m | 1.5m | |
20 |
0 | 129 | 903 | 1,677 | 2,450 | 3,224 | |
21/28 |
1.1m | 1.2m | 1.2m | 1.2m | 1.2m | 1.3m | |
22/27 |
1.1m | 1.2m | 1.2m | 1.2m | 1.2m | 1.3m | |
22 |
1.1m | 1.2m | 1.2m | 1.2m | 1.2m | 1.3m | |
29/58 |
142,630 | 107,650 | 53,526 | 14,587 | 107,685 | 173,188 | |
40/41 |
705 | 19,762 | 705 | 896 | 66,949 | - | |
40 |
108 | 19,166 | - | - | 65,047 | - | |
41 |
596 | 596 | 705 | 896 | 1,902 | - | |
54/58 |
141,925 | 87,888 | 52,822 | 12,438 | 39,584 | 172,076 | |
490/1 |
- | - | - | 1,252 | 1,153 | 1,112 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
1.3m | 1.3m | 1.3m | 1.2m | 1.4m | 1.5m | |
10/15 |
542,902 | 451,019 | 360,303 | 268,967 | 155,952 | 50,412 | |
10/11 |
150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
11 |
- | - | - | - | 150,000 | 150,000 | |
1109/19 |
- | - | - | - | 150,000 | 150,000 | |
13 |
99,589 | 99,589 | 99,589 | 99,589 | 99,589 | - | |
132 |
99,589 | 99,589 | 99,589 | 99,589 | 99,589 | - | |
14 |
293,314 | 201,430 | 110,715 | 19,379 | -93,636 | -99,589 | |
17/49 |
746,240 | 829,067 | 892,226 | 971,190 | 1.2m | 1.4m | |
17 |
672,230 | 745,562 | 818,894 | 892,226 | 1.1m | 150,000 | |
170/4 |
672,230 | 745,562 | 818,894 | 892,226 | 1.1m | 150,000 | |
42/48 |
74,010 | 83,505 | 73,332 | 78,964 | 87,524 | 1.3m | |
42 |
73,332 | 73,332 | 73,332 | 73,332 | 73,332 | - | |
44 |
50 | 9,934 | - | - | 7,277 | 1,483 | |
440/4 |
50 | 9,934 | - | - | 7,277 | 1,483 | |
45 |
628 | 239 | - | 5,632 | 6,915 | - | |
450/3 |
628 | 239 | - | 5,632 | 6,915 | - | |
47/48 |
- | - | - | - | - | 1.3m | |
492/3 |
- | - | - | - | 789 | - | |
| Income statement | |||||||
9900 |
179,814 | 179,231 | 177,985 | 177,789 | 164,520 | 7,226 | |
630 |
25,923 | 26,568 | 26,568 | 26,568 | 26,568 | 100,393 | |
640/8 |
20,863 | 20,245 | 19,814 | 17,213 | 17,640 | 6,422 | |
9901 |
133,029 | 132,417 | 131,604 | 134,008 | 120,312 | -99,589 | |
65/66B |
10,517 | 11,463 | 12,338 | 13,778 | 12,605 | - | |
65 |
10,517 | 11,463 | 12,338 | 13,778 | 12,605 | - | |
9903 |
122,512 | 120,954 | 119,266 | 120,230 | 107,708 | -99,589 | |
67/77 |
30,628 | 30,239 | 27,931 | 7,215 | 2,167 | - | |
9904 |
91,884 | 90,716 | 91,336 | 113,015 | 105,541 | -99,589 | |
689 |
- | - | - | - | 99,589 | - | |
9905 |
91,884 | 90,716 | 91,336 | 113,015 | 5,952 | -99,589 | |
| Appropriation of the result | |||||||
9906 |
293,314 | 201,430 | 110,715 | 19,379 | -93,636 | -99,589 | |
14P |
201,430 | 110,715 | 19,379 | -93,636 | -99,589 | - | |
| Document | |||||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-07-2026 | 2026-00247104 | |
| 31-12-2024 | abbreviated format | 10-07-2025 | 2025-00253437 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00404659 | |
| 31-12-2022 | abbreviated format | 04-07-2023 | 2023-00197304 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20377758 | |
| 31-12-2020 | abbreviated format | 17-09-2021 | 2021-67600249 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 158,952 | 158,985 | 158,172 | 160,575 | 146,880 | 805 | ||
| 117,806 | 117,283 | 117,903 | 139,583 | 132,108 | 805 | ||
| 129 | 774 | 774 | 774 | 774 | 1.4m | ||
| 54,037 | 35,066 | 40,383 | -27,145 | -132,493 | - | ||
| 68,620 | 24,146 | -19,806 | -64,377 | 20,161 | -1.1m | ||
| 42.1% | 35.2% | 28.8% | 21.7% | 11.5% | 3.5% | ||
| 1.93 | 1.29 | 0.73 | 0.18 | 1.23 | 0.14 | ||
| 1.37 | 1.84 | 2.48 | 3.61 | 7.72 | 27.80 | ||
| 16.9% | 20.1% | 25.3% | 42.0% | 67.7% | -197.6% | ||
| 7.1% | 7.1% | 7.3% | 9.1% | 7.8% | -6.9% | ||
| 15.11 | 13.87 | 12.82 | 11.65 | 11.65 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 |
| €1.1m | €1.2m | €1.1m | €1.1m | €1.1m | |
| Carrying value of the mortgaged assets | €1.1m | €1.2m | €1.2m | €1.2m | €1.2m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Intangible fixed assets | €129 | €774 | €774 | €774 | €774 |
| €25,923 | €26,568 | €26,568 | €26,568 | €26,568 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 0% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 64.8% to 57.9%. Equity is higher and debt is lower.
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of NEMA Invest. Every holding stands with its own latest accounts.
Part of the group NEMA Invest Group, risk and exposure| SOLID BUILDING OVERPELT
registered office since 21-12-1988 · founded in 1988 · group NEMA Invest |
34 FTE (2025) 0436.117.344 |
| SOLID INDUSTRIE PELT
registered office since 20-01-2006 · founded in 2006 · group NEMA Invest |
total assets €1.6m (2025) 0878.776.250 |
| SOLID PROPERTY HOUTHALEN
registered office since 23-08-2024 · founded in 2024 · group NEMA Invest |
total assets €901,392 (2025) 1012.748.294 |
| SC-S via NEMA Invest, at SOLID PELT, last mentioned in 2020 · Director (not named in the articles) · deed of 06-08-2024 founded in 2024 |
total assets €41.6m (2025) |
| SOLID BUILDING OVERPELT via NEMA Invest, at SOLID PELT, last mentioned in 2020 · Director · deed of 15-02-2024 founded in 1988 · group NEMA Invest |
34 FTE (2025) |
| SC-STEELFRAMES via NEMA Invest, at SOLID PELT, last mentioned in 2020 · Director · deed of 04-10-2024 founded in 2019 |
total assets €7.4m (2025) |
| SOLID LUMMEN via NEMA Invest, at SOLID PELT, last mentioned in 2020 · Sole director (not named in the articles) · deed of 09-08-2021 founded in 2007 · group NEMA Invest |
total assets €2.3m (2025) |
| SOLID INDUSTRIE PELT via NEMA Invest, at SOLID PELT, last mentioned in 2020 · Director · deed of 09-08-2021 founded in 2006 · group NEMA Invest |
total assets €1.6m (2025) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 5 March 2020, SOLID PELT was incorporated as a private limited company by NEMA INVEST, with a starting capital of €150,000.12 Total assets went from €1.5m in 2020 to €1.3m in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Karel Pinxtenlaan 6 registered office 3900 Pelt | 05-03-2020 | 2.306.480.054 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 72502E0102/00G133 | 1.5 ha | 1 · 5,614 m² | 12.4 m · 3 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0744.763.030
If something looks wrong or is missing, please tell us.