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Solid Real Estate

Active
Public limited companyfounded 200818 yrs activeMarialei 11, 2018 Antwerpen, BelgiumKBO/BCE: BE 0806.171.255
Summary

Solid Real Estate has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12.3m and a net result of €12,854. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 85% of 4854 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisWatch ReportCompare
Solid Real EstateActiveChecked score 69/100
Risk analysis ReportCompare

Overview

Activity
Development of residential building projects
NACE 68121Real estate development NACE 41101
1 site
Size
€615,831turnover 2024
Equity
€12.3m
Profit
€12,854
Financial health
69 Healthy Checked score 2024
Bankruptcy chance 12 m
0.7%
Structure
Parent
United Real Estate · 99.9%
Board
1 member
Holdings
1
Accounts 67 d overdue1 of 18 deeds read
Why 69- Figures for FY 2024 (filed 14-07-2025)- Liquidity: current ratio 5.84, cash €155,777, halved- 1 financial year not filed after the legal deadline; 2 of the last 3 late+ Equity €12.3m (82.9% of total assets)Show the evidence

Checked score

Score 2024
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 49% of its sector peers (NACE 68, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 100=
equity 82.9% of total assets
Liquidity 47-6
short-term debt 17.1% · cash 1.1%
Profitability 38-5
return on assets 0.1%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,717 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.4%▲ +30.6% vs 11-2024 01-2025: 0.2%▼ -53.4% vs 12-2024 02-2025: 0.2%▼ -2.3% vs 01-2025 03-2025: 0.2%● 0.0% vs 02-2025 04-2025: 0.2%▲ +3.0% vs 03-2025 05-2025: 0.2%▼ -4.6% vs 04-2025lowest value 06-2025: 0.2%▲ +9.0% vs 05-2025 07-2025: 0.2%▲ +29.8% vs 06-2025 08-2025: 0.2%▼ -13.6% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%▼ -1.0% vs 01-2026 03-2026: 0.2%▲ +10.0% vs 02-2026 04-2026: 0.2%▲ +3.2% vs 03-2026 05-2026: 0.2%▼ -3.5% vs 04-2026 06-2026: 0.2%▲ +8.2% vs 05-2026 07-2026: 0.3%▲ +5.5% vs 06-2026 08-2026: 0.5%▲ +89.2% vs 07-2026 09-2026: 0.5%▲ +10.7% vs 08-2026 10-2026: 0.7%▲ +34.2% vs 09-2026highest value
  • Figures for FY 2024 (filed 14-07-2025) raises the probability
  • Liquidity: current ratio 5.84, cash €155,777, halved raises the probability
  • 1 financial year not filed after the legal deadline; 2 of the last 3 late raises the probability
  • Equity €12.3m (82.9% of total assets) lowers the probability
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 5.84 against 5.93 in 2023; short-term debt: 17.1% and cash: 1.1% of total assets), and 17.1% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, medium-sized). Better than this share of them on solvency 92%, liquidity 41%, profitability 41%, growth against the median 22%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 14-07-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 5.84, cash €155,777, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Equity €12.3m (82.9% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
17 d early
2023
121 d late
2022
60 d late
2021
143 d late
2020
131 d late
2019
87 d late
← 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 88 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignation: Acda, Vivienne Lena Rosa (director)Appointment: Janssens, Alexander (gewone bestuurder)…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Weakest financial yearnet €12,854 ▼95.7%

Key points

  • Caution: Turnover fell in 2024from €31.7m to €615,831 ▼ 98.1% View
  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
  • Positive: Among the best 11% on equitysector median €525,862 · 4,855 companies €12.3m View
  • Caution: Board changedlatest change 01-03-2026 · 1 in office 1 joined · 1 left View
  • Controlled by United Real Estateitself parent of 1 companies 99.9% View
  • Positive: 7 profitable years in a rowprofit 2024: €12,854 7 years View

By topic

Financials

Fiscal year
2024
Turnover
€615,831
Profit
€12,854
Solvency
82.9%
Turnover▼ 98.1%
Net result
20182024
Go to Financials

Timeline

Events
15
Since
2016
  1. 01-04-2026Resignation: Acda, Vivienne Lena Rosa (director)
  2. 14-07-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Development of residential building projectsNACE 68121
Founded
26-08-2008
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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