Solid Real Estate
ActiveSummary
Solid Real Estate has been active since 2008 and the Belgian Official 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 about 3.1% per year across the filed financial years. Its solvency ranks better than 85% of 4,793 sector peers (NACE 68, financial year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Equity
- €12.3m
- Profit
- €12,854
- Parent
- United Real Estate · 99.9%
- Holdings
- 1
- Janssens, AlexanderManaging director
Why 55raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 14-07-2025)Liquidity: current ratio 5.84, cash €155,777, halved1 financial year not filed after the legal deadline; 2 of the last 3 latelowers riskEquity €12.3m (82.9% of total assets)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, medium-sized): better than 92% on solvency, 41% on liquidity, 41% on profitability and 23% on growth.
The bankruptcy probability was computed on 14-10-2026 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
This company filed its last 6 accounts on average 88 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
- Resignation: Acda, Vivienne Lena Rosa (director)Appointment: Janssens, Alexander (gewone bestuurder)…
- Reappointment: HLB Dodemont-Van Impe & Co…Permanent representative: Patrick Van Impe
- Resignation: Furst, Jonathan (director)Appointment: Hoekstra-van der Deen Mirian…
Financials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 15 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result turns negative in 2024: a loss of €49,718 after €438,580 in 2023, 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).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
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 93.4% 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: 0.7% 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 497,474 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 74.5% 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €20.8m | €12.4m | €6.6m | €0.8m | ▼ 87.6% |
| Turnover70 | €11.5m | €39.4m | €38.2m | €22.3m | €2.5m | €31.7m | €0.6m | ▼ 98.1% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | -€1.5m | €9.9m | -€25.1m | €0.2m | - |
| Other operating income74 | - | - | - | €0.04m | €0.009m | - | - | - |
| Operating charges60/66A | - | - | - | €17.7m | €11.8m | €6.2m | €0.9m | ▼ 85.9% |
| Goods for resale, raw materials and consumables60 | - | - | - | €17.3m | €11.4m | €5.8m | €0.5m | ▼ 91.4% |
| Purchases600/8 | - | - | - | €13.6m | €9.4m | €5.1m | €2.0m | ▼ 61.6% |
| Change in stocks: decrease (increase)609 | - | - | - | €3.7m | €2.0m | €0.7m | -€1.5m | - |
| Services and other goods61 | - | - | - | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 5.6% |
| Other operating charges640/8 | - | - | - | €0.05m | €0.02m | €0.01m | €0.02m | ▲ 4.8% |
| Operating profit (loss)9901 | €4.1m | €3.7m | €3.2m | €3.1m | €0.7m | €0.4m | -€0.05m | - |
| Financial income75/76B | - | - | - | €4 | €1 | €0.07m | €0.08m | ▲ 18.6% |
| Recurring financial income75 | €0.07m | €0.1m | €0.005m | €4 | €1 | €0.07m | €0.08m | ▲ 18.6% |
| Income from financial fixed assets750 | - | - | - | - | - | €0.003m | €0.005m | ▲ 75.5% |
| Income from current assets751 | - | - | - | - | - | €0.07m | €0.08m | ▲ 16.0% |
| Other financial income752/9 | - | - | - | €4 | €1 | - | - | - |
| Financial charges65/66B | - | - | - | €0.07m | €0.06m | €0.007m | €0.007m | ▲ 5.2% |
| Recurring financial charges65 | €0.004m | €0.007m | €0.06m | €0.07m | €0.06m | €0.007m | €0.007m | ▲ 5.2% |
| Debt charges650 | €0.003m | €0.004m | €0.06m | €0.07m | €0.05m | - | €90 | - |
| Other financial charges652/9 | - | - | - | €0.005m | €0.005m | €0.007m | €0.007m | ▲ 3.8% |
| Profit (loss) for the period before taxes9903 | €4.2m | €3.8m | €3.2m | €3.1m | €0.6m | €0.5m | €0.02m | ▼ 95.1% |
| Income taxes67/77 | €1.2m | €0.8m | €1.1m | €0.8m | €0.2m | €0.2m | €0.01m | ▼ 94.0% |
| Taxes670/3 | - | - | - | €0.8m | €0.2m | €0.2m | €0.01m | ▼ 94.0% |
| Profit (loss) for the period9904 | €3.0m | €3.0m | €2.1m | €2.3m | €0.4m | €0.3m | €0.01m | ▼ 95.7% |
| Profit (loss) for the period to be appropriated9905 | €3.0m | €3.0m | €2.1m | €2.3m | €0.4m | €0.3m | €0.01m | ▼ 95.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €69.2m | €61.9m | €39.4m | €31.1m | €41.2m | €14.8m | €14.8m | ▲ 0.4% |
| Fixed assets21/28 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Financial fixed assets28 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Affiliated companies280/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Participating interests280 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Current assets29/58 | €69.2m | €61.9m | €39.4m | €31.0m | €41.2m | €14.8m | €14.8m | ▲ 0.4% |
| Stocks and contracts in progress3 | €17.9m | €16.6m | €16.6m | €28.1m | €36.1m | €10.2m | €11.8m | ▲ 15.7% |
| Stocks30/36 | - | - | - | €12.9m | €10.9m | €10.2m | €11.6m | ▲ 14.3% |
| Property held for sale35 | - | - | - | €12.9m | €10.9m | €10.2m | €11.6m | ▲ 14.3% |
| Contracts in progress37 | - | - | - | €15.2m | €25.1m | - | €0.2m | - |
| Amounts receivable within one year40/41 | €4.1m | €7.8m | €2.3m | €1.6m | €1.6m | €3.7m | €2.9m | ▼ 22.2% |
| Trade receivables40 | - | - | - | €1.6m | €1.6m | €0.3m | €0.3m | ▲ 1.9% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.04m | €3.4m | €2.5m | ▼ 24.5% |
| Cash at bank and in hand54/58 | €2.8m | €3.1m | €3.8m | €1.3m | €3.5m | €0.9m | €0.2m | ▼ 82.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.02m | €0.01m | €0.005m | ▼ 57.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €69.2m | €61.9m | €39.4m | €31.1m | €41.2m | €14.8m | €14.8m | ▲ 0.4% |
| Equity10/15 | €9.2m | €12.2m | €9.2m | €11.5m | €12.0m | €12.3m | €12.3m | ▲ 0.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €9.1m | €12.1m | €9.2m | €11.5m | €11.9m | €12.2m | €12.2m | ▲ 0.1% |
| Amounts payable17/49 | €60.0m | €49.7m | €30.2m | €19.5m | €29.2m | €2.5m | €2.5m | ▲ 2.1% |
| Amounts payable after more than one year17 | €7.0m | - | - | - | €1.0m | - | - | - |
| Financial debts170/4 | - | - | - | - | €1.0m | - | - | - |
| Credit institutions173 | - | - | - | - | €1.0m | - | - | - |
| Amounts payable within one year42/48 | €53.0m | €49.7m | €30.2m | €19.5m | €28.3m | €2.5m | €2.5m | ▲ 2.1% |
| Financial debts43 | - | - | - | €0.08m | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0.08m | - | - | - | - |
| Trade debts44 | €2.6m | €2.6m | €3.4m | €2.7m | €2.0m | €2.2m | €2.1m | ▼ 5.8% |
| Suppliers440/4 | - | - | - | €2.7m | €2.0m | €2.2m | €2.1m | ▼ 5.8% |
| Advances received on contracts in progress46 | - | - | - | €14.5m | €25.8m | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.09m | €0.07m | €0.006m | €0.01m | ▲ 75.7% |
| Taxes450/3 | - | - | - | €0.09m | €0.07m | €0.006m | €0.01m | ▲ 75.7% |
| Other amounts payable47/48 | - | - | - | €2.1m | €0.4m | €0.3m | €0.5m | ▲ 63.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.01m | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.0m | €3.0m | €2.1m | €2.3m | €0.4m | €0.3m | €0.01m | ▼ 95.7% |
| Operating cash flow (approximation) | €3.0m | €3.0m | €2.1m | €2.3m | €0.4m | €0.3m | €0.01m | ▼ 95.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0.3m | €0.7m | -€2.5m | €2.2m | -€2.6m | -€0.7m | ▲ 73.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 14-07-2025 | 2025-00264408 |
| 31-12-2023 | full format | 29-11-2024 | 2024-00607628 |
| 31-12-2022 | full format | 29-09-2023 | 2023-00479603 |
| 31-12-2021 | full format | 21-12-2022 | 2022-20542708 |
| 31-12-2020 | full format | 09-12-2021 | 2021-79800516 |
| 31-12-2019 | full format | 26-10-2020 | 2020-63500334 |
| 31-12-2018 | full format | 17-07-2019 | 2019-34300160 |
| 31-12-2017 | full format | 30-08-2018 | 2018-56400274 |
| 31-12-2016 | full format | 28-06-2017 | 2017-24400025 |
| 31-12-2015 | full format | 30-06-2016 | 2016-25600570 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Day-to-day management 1
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Janssens, Alexander |
|
| HLB Dodémont-Van Impe &Co |
|
| Acda, Vivienne Lena Rosa |
|
Owners and capital
Owners
1 ownerChain of control
- United Real Estate
- Solid Real Estate
Highest known parent: United Real Estate. The sources do not say who stands above it.
Owners 1
-
99.9%
According to the 2024 annual accounts of Solid Real Estate and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
99%
According to the 2024 annual accounts of Solid Real Estate and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
01-04
Gazette deed
Resignation: Acda, Vivienne Lena Rosa (director)Appointment: Janssens, Alexander (gewone bestuurder) · Power of attorney8 facts ▸
- General meeting, 25-02-2026
- Director resignation, Acda, Vivienne Lena Rosa (director)
- Director appointment, Janssens, Alexander (gewone bestuurder)
- Board meeting, 25-02-2026
- Director resignation, Acda, Vivienne Lena Rosa (managing director)
- Director appointment, Janssens, Alexander (managing director)
- Power of attorney, Tom en Jan Coppens
- Other provision, “signature block instruction, akten van het type Mededelingen” (deed in Dutch)
21-10
Gazette deed
Reappointment: HLB Dodemont-Van Impe & Co (statutory auditor)Permanent representative: Patrick Van Impe3 facts ▸
- General meeting, 01-07-2025
- Auditor reappointment, HLB Dodemont-Van Impe & Co (statutory auditor)
- Permanent representative, Patrick Van Impe
30-07
Gazette deed
Resignation: Furst, Jonathan (director)Appointment: Hoekstra-van der Deen Mirian (gewone bestuurder)3 facts ▸
- General meeting, 01-07-2025
- Director resignation, Furst, Jonathan (director)
- Director appointment, Hoekstra-van der Deen Mirian (gewone bestuurder)
Show earlier events
About the unread acts
Of the 18 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 14 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0806.171.255
Environmental permits
The 10 most recent of 14 applications.
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11806F1317/00R010 | Flanders | 1,903 m² | 1 · 2,053 m² | 16.7 m · 3 |
How the parcels are linked
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 21-10-2025
Read from the deeds: 1 provision, deed of 21-10-2025