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Solid S.

Active Private limited companyfounded 2024active for 2 yearsHeidelbergstraat 22B, 8210 ZedelgemKBO/BCE: BE 1010.421.383

Overview

Lifetime

1 annual account with figures
peak €54,796 (2025)
€54,796 
peak €4,136 (2025)
€4,136 
peak €6,136 (2025)
€6,136 
€81,010 
Board1 name since 2024
1 directorTODOROV Samuel
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
First year with figures

Key points

from the 2025 annual accounts

Turnover

≈ €280,000 estimated

The micro format states no turnover.

Debts

€81,010 93% of the balance sheet
Financial debts 12%Suppliers 26%Taxes and wages 24%Other 39%

Of this, €71,671 falls due within a year.

Position in the sector

7.0%

Lower solvency than 87% of companies in specialised construction. Sector median 46.7% · 35,125 companies.

Checked score

64
Healthy
Financially stronger than 37% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 07-2025: 1.9% 08-2025: 1.9%● unchanged vs 07-2025 09-2025: 2.0%▲ +0.1 percentage points vs 08-2025 10-2025: 2.3%▲ +0.3 percentage points vs 09-2025 11-2025: 2.4%▲ +0.1 percentage points vs 10-2025 12-2025: 2.7%▲ +0.3 percentage points vs 11-2025 01-2026: 3.0%▲ +0.3 percentage points vs 12-2025 02-2026: 3.0%● unchanged vs 01-2026 03-2026: 2.9%▼ -0.1 percentage points vs 02-2026 04-2026: 2.9%● unchanged vs 03-2026 05-2026: 3.2%▲ +0.3 percentage points vs 04-2026 06-2026: 3.3%▲ +0.1 percentage points vs 05-2026 07-2026: 3.3%● unchanged vs 06-2026highest value 08-2026: 1.3%▼ -2.0 percentage points vs 07-2026lowest value 09-2026: 1.3%● unchanged vs 08-2026lowest value 10-2026: 1.3%● unchanged vs 09-2026lowest value 11-2026: 1.3%● unchanged vs 10-2026lowest value

Financial strength
Average

32equity 7.0% of total assets
55short-term debt 82.2% · cash 48.0%
75return on assets 4.7%

Score breakdown

raises risk
Founded in 2024
Equity €6,136 (7.0% of total assets)
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 0.96, cash €41,812
Calculation

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 43, micro). It does better than 12% of them on solvency, 51% on liquidity and 48% on profitability.

The bankruptcy probability was computed on 09-11-2026 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 low class on 30-06-2025, 0.8% 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).

Comparable companies, two years later

In July 2024, 2,135 companies had the same profile as Solid S. has now. Each dot stands for 6 companies, two years later.

92.1%
were still trading
2.3%
stopped another way
5.2%
went bankrupt
  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet

Another 0.3% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Solid S. itself: 1.3% within 12 months.

Test of the method

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2,135 companies, not a prediction for Solid S.. 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.

Credit check for an amount and term of your choice

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.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Founded in 2024
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 0.96, cash €41,812
NBB · annual accounts
raises risk · Equity €6,136 (7.0% of total assets)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 35125 sector peers (2025).
NBB · sector comparison
Position among 35125 sector peers
Solvency
better than 12%
← weakest strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
on the day
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2024.
KBO publications

Board and ownership

TS
Director, since 17-06-2024
  • TODOROV Samuel 300 sharesdeed of 19-06-2024
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:1010421383
First establishment Heidelbergstraat 22B, Zedelgem
Incorporation Founding capital of €2,000 · Founder: TODOROV Samuel · Appointment: TODOROV Samuel (director) · published on 19-06-2024 · Gazette deed
All 4 events

Comparable companies

same main activity, similar in size and age
Company
Solid S. Zedelgem €87,146 €54,796 7.0% -
UPOOLS Avelgem €88,845 €70,505 22.6% -
ISKA CONSTRUCT Brussels €83,420 €59,256 32.9% -
W&E Construct Uccle €88,648 €63,616 47.7% -
SAMA RENOVATION Dilbeek €90,505 €60,448 23.1% -
D. DECOR Profondeville €96,875 €48,487 49.3% -
RENOVATIES LIEVENS Lommel €96,572 €58,831 54.5% -

These companies have the same main activity as Solid S.: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €83,400 and €96,900, founded in 2024.

Official details

Source: KBO
Status
Active since 17-06-2024Normal situation
Activity
Other specialised construction activitiesNACE 43990and 3 others
Establishment unit
2.360.647.4288210 Zedelgem, since 20-06-2024
Financial year end
31 December
Peppol
Reachable since 15-09-2026
Company details

Annual accounts 2025

€54,796
€4,136
€6,136
€87,146
0.5 FTE
Filing
Filed on 31-07-2026, on the last day of the filing period
Financials

Insights on Solid S.

Solid S. has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,136 and a net result of €4,136.

Its solvency ranks better than 12% of 35,125 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 31-07-2026, on the day of the deadline
€54,796
€13,594
€4,136
-€2,979
7.0%
0.96

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €280,000. Estimated: probably between €210,000 and €570,000.

Balance sheet

balance sheet total €87,146 on 31-12-2025
What the company ownsHow it is paid for

Position in the sector

7.0%

Higher than 12% of 35,125 companies in 2025.

0.96

Higher than 19% of 34,499 companies in 2025.

4.7%

Higher than 42% of 34,700 companies in 2025.

Solid S. Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter

Staff

€35,046

Staff costs divided by the average number of full-time equivalents.

level

people who joined people who left

In 2025, 2 people joined and 2 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025
Balance sheet: assets
20/58 87,146
21/28 18,454
22/27 16,054
23 4,037
24 12,017
28 2,400
29/58 68,692
40/41 26,880
40 922
41 25,958
54/58 41,812
Balance sheet: equity and liabilities
10/49 87,146
10/15 6,136
10/11 2,000
14 4,136
17/49 81,010
17 9,338
170/4 9,338
42/48 71,671
44 21,066
440/4 21,066
46 31,140
45 19,173
450/3 19,173
47/48 293
Income statement
9900 54,796
62 17,523
630 17,715
640/8 5,965
9901 13,594
75/76B 385
75 385
65/66B 1,912
65 1,912
9903 12,067
67/77 7,931
9904 4,136
9905 4,136
Appropriation of the result
9906 4,136
Social balance sheet
9087 0.5
Hours worked1013 640
Document PDF

The notes to these accounts have 8 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 31-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 31-07-2026 2026-00363084 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025
31,308
21,851
36,168
-2,979
7.0%
0.96
13.20
67.4%
4.7%
16.38

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.

Social balance sheet

Item31-12-2025
0.5
Joined2
Left2

Source: social balance sheet in the 2025 annual accounts

Investments

fixed assets acquired
Item2025
Tangible fixed assets€33,768
Financial fixed assets€2,400
€17,715

Source: notes to the 2025 annual accounts (statement of fixed assets)

Insights on Solid S.

Debt's share of the balance-sheet total is 93.0%.

Board & ownership

Board

1 director, since incorporation
Director (not named in the articles)
since 17-06-2024 term without a fixed end
listed in the 2025 annual accounts, filed on 31-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 19-06-2024

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
TODOROV Samuel
Director (not named in the articles)
Board
Mandates as a list
  • TODOROV Samuel
    • Director (not named in the articles), from 17-06-2024 to date

See the board, name and registered office on a given date →

Control

This company
Solid S.
Equity €6,136
Profit €4,136 in 2025

Capital

Contribution
€2,000
Source
deed of 19-06-2024

Articles of association

deed of 19-06-2024 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
300 shares
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 18:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Shareholders

At incorporation deed of 19-06-2024 ↗

Capital transactions

Capital over time
  1. 19-06-2024 Incorporation · €2,000
  2. 19-06-2024 Incorporation · €2,000

Network & group

No group

Solid S. has no parent and no holdings in its annual accounts. TODOROV Samuel is the only director. Solid S. shares no director with another company.

At the same address

Heidelbergstraat 22B, 8210 Zedelgem · 1 other company
LISANOVA CONSULT
registered office since 01-09-2025
founded in 2025
1026.452.218

Timeline

Timeline

4 events since 2024
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:1010421383
Annual accounts 2025 filed NBBmicro format · on the deadline day
2024
First establishment Heidelbergstraat 22B, Zedelgem
IncorporationFounding capital of €2,000 · Founder: TODOROV Samuel · Appointment: TODOROV Samuel (director) · published on 19-06-20246 points ▸
  • Founder, TODOROV Samuel
  • Founding capital, €2,000, mentioned twice in the deed
  • Capital contribution, €2,000
  • Registered office clause, Heidelbergstraat 22/B103, 8210 Zedelgem
  • Board rule, 1
  • Director appointment, TODOROV Samuel (director (not named in the articles))
  • The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

Company details

Identity

Enterprise number
1010.421.383
VAT number
BE 1010.421.383
Peppol ID
0208:1010421383
Other Peppol ID
9925:BE1010421383
Legal form
Private limited company
Status
Active, normal situation
Founded
17-06-2024
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 18:00
deed of 19-06-2024 (in Dutch)
Peppol
Reachable since 15-09-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Solid S. in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 19-06-2024 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 19-06-2024 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
43999 Specialised construction activities main activity
41201 General construction of buildings
43211 Specialised construction activities
43991 Specialised construction activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Onderneming voor het optrekken van gebouwen(ruwbouw en onderdakzetting); Onderneming voor het droogmaken van gebouwen,anders dan met teer en…”
29 activities
  1. Onderneming voor het optrekken van gebouwen(ruwbouw en onderdakzetting)
  2. Onderneming voor het droogmaken van gebouwen,anders dan met teer en asfalt
  3. Onderneming voor het bouwen van stellingen,invoegen en reinigen van gevels
  4. Onderneming voor het leggen van parketvloeren en plaatsen van houten wanden en vloerbedekking
  5. Onderneming voor het leggen van tegelvloeren,mozaïekvloer en wandbekleding
  6. Onderneming voor het plaatsen van afsluiting
  7. Onderneming voor het plaatsen van ruiten,glas,spiegelglas en gekleurde ramen
  8. Onderneming voor het plaatsen van scheidingswanden en valse plafonds
  9. Onderneming voor plafoneer-,cementeer-,en,alle andere pleisterwerken
  10. Onderneming voor het plaatsen van ijzerwerk,metalen luiken en schrijnwerk
  11. Onderneming voor het plaatsen van plastic,plastic luiken en plastic schrijnwerk
  12. Onderneming voor het optrekken van niet-metalen uitneembare paviljoenen/barakken
  13. Onderneming voor slopingswerken van gebouwen en kunstwerken
  14. Onderneming voor timmer-en schrijnwerk van gebouwen
  15. Onderneming voor restaureren van gebouwen en monumenten
  16. Onderneming voor warmte-en geluidsisolering
  17. Onderneming voor het waterdicht maken van gebouwen en het bedekken van gebouwen met asfalt
  18. Aan-en verkoop van bouwmaterialen ten titel van klein-en groothandel
  19. Aanneming van sanitaire inrichtingen
  20. Aanneming van centrale verwarming
  21. Aanneming van voegwerken
  22. Aanneming van chapewerken
  23. Uitbating van landbouw
  24. Uitbating van tuinbouw
  25. Onderneming voor onderhoud en aanleg van tuinen en parken
  26. Werfcoördinatie
  27. Onderneming voor het plaatsen van open haarden
  28. Aankoop,verkoop en reparatie van meubels en huisuitrusting
  29. Elektrotechnische installatiewerkzaamheden voor gebouwen
deed of 19-06-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Heidelbergstraat 22B registered office 8210 Zedelgem 20-06-2024 2.360.647.428

Buildings and parcels at the address

Ground area
2.4 ha
Buildings
801 m²
Volume, LiDAR
4,233 m³
Tallest building
7.4 m
Buildings to scale, each on its own parcel
801 m², 7.4 m 801 m², 7.4 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
31017A0483/00G0002.4 ha 1 · 801 m² 7.4 m · 2

Contact

E-mail solids.benelux@gmail.com establishment in Zedelgem
Phone +32 456 36 22 58 establishment in Zedelgem

Invoicing and payment

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 1010.421.383