SOLID SAND
ActiveSummary
The annual accounts of SOLID SAND for fiscal year 2024 show a net loss of 64% of the equity at the start of that year. The 2024 annual accounts show equity of €100k and a net result of €-179k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 19913 sector peers (fiscal year 2024). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability5▼-90
Solvency31▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.84 against 1.36 in 2023; short-term debt: 30.7% and cash: 0.7% of total assets), and 93.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
6.1%
Return on assets
-10.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 19913 sector peers (2024).
NBB · sector comparisonPosition among 19913 sector peers
Solvency
better than 8%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-12-2025, 152 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
152 d late
2023
62 d late
2022
70 d late
2021
110 d late
2020
60 d late
2019
83 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€100k▼ 64.2%
2023 · €279k
Total assets
€1.64M▼ 19.2%
2023 · €2.03M
Net result
€-179k
2023 · €426k
Working capital
€-78k
2023 · €209k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€327k▲ 10.7%€492k▲ 50.3%€412k▼ 16.3%€536k▲ 30.1%€-169k
Net result€299k▲ 10.7%€360k▲ 20.5%€331k▼ 8.0%€426k▲ 28.6%€-179k
Equity€-18k▲ 94.3%€342k€613k▲ 79.3%€279k▼ 54.5%€100k▼ 64.2%
Total assets€1.88M▲ 9.9%€2.17M▲ 15.0%€2.46M▲ 13.7%€2.03M▼ 17.7%€1.64M▼ 19.2%
Debt€1.16M▼ 9.9%€1.09M▼ 6.6%€1.11M▲ 2.4%€1.01M▼ 9.1%€801k▼ 20.8%
Working capital€326k▲ 62.4%€511k▲ 56.6%€660k▲ 29.2%€209k▼ 68.3%€-78k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €169k after €536k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.64M
Fixed assets
€1.21M ▼ 2.5%
Current assets
€425k ▼ 45.8%
Equity and liabilities €1.64M
Equity
€100k ▼ 64.2%
Provisions
€737k =
Debt
€801k ▼ 20.8%
Debt's share of the balance-sheet total falls from 49.9% to 48.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-129k▼
2023 · €575k
Cash flow
€-139k▼
2023 · €465k
Current ratio
0.84▼
2023 · 1.36
Debt to equity
8.01▲
2023 · 3.62
ROE
-179.1%▼
2023 · 152.6%
ROA
-10.9%▼
2023 · 21.0%
Interest coverage
-5.53▼
2023 · 29.38
Debt ≤ 1 year
€504k▼
2023 · €574k
Debt > 1 year
€286k▼
2023 · €432k
Income taxes
€0▼
2023 · €136k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38k | €39k | €38k | €39k | €40k | ▲ 3.4% |
| Other operating charges640/8 | - | €4k | €5k | €4k | €8k | ▲ 97.9% |
| Gross operating margin9900 | €372k | €535k | €455k | €579k | €-120k | ▼ 121% |
| Operating profit (loss)9901 | €327k | €492k | €412k | €536k | €-169k | ▼ 132% |
| Financial income75/76B | - | €14k | €36k | €46k | €13k | ▼ 71.2% |
| Recurring financial income75 | €9k | €14k | €36k | €46k | €13k | ▼ 71.2% |
| Financial charges65/66B | - | €18k | €16k | €20k | €23k | ▲ 18.9% |
| Recurring financial charges65 | €31k | €18k | €16k | €20k | €23k | ▲ 18.9% |
| Profit (loss) for the period before taxes9903 | €306k | €488k | €432k | €562k | €-179k | ▼ 132% |
| Income taxes67/77 | €7k | €128k | €101k | €136k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €299k | €360k | €331k | €426k | €-179k | ▼ 142% |
| Profit (loss) for the period to be appropriated9905 | €299k | €360k | €331k | €426k | €-179k | ▼ 142% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.88M | €2.17M | €2.46M | €2.03M | €1.64M | ▼ 19.2% |
| Fixed assets21/28 | €1.35M | €1.31M | €1.28M | €1.24M | €1.21M | ▼ 2.5% |
| Tangible fixed assets22/27 | €1.35M | €1.31M | €1.28M | €1.24M | €1.21M | ▼ 2.5% |
| Land and buildings22 | - | €1.28M | €1.26M | €1.23M | €1.20M | ▼ 2.5% |
| Plant, machinery and equipment23 | - | €480 | €240 | €3k | €5k | ▲ 91.5% |
| Furniture and vehicles24 | - | €24k | €19k | €12k | €9k | ▼ 19.3% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €536k | €857k | €1.18M | €784k | €425k | ▼ 45.8% |
| Amounts receivable after more than one year29 | - | €321k | €321k | €321k | €0 | ▼ 100% |
| Other amounts receivable291 | - | €321k | €321k | €321k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €853 | €238k | €552k | €142k | €358k | ▲ 153% |
| Trade receivables40 | - | - | - | - | €38k | - |
| Other amounts receivable41 | - | €238k | €552k | €142k | €321k | ▲ 126% |
| Current investments50/53 | - | - | €64 | €30 | €30 | = |
| Cash at bank and in hand54/58 | €9k | €32k | €49k | €35k | €11k | ▼ 68.1% |
| Deferred charges and accrued income490/1 | - | €266k | €262k | €287k | €56k | ▼ 80.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.88M | €2.17M | €2.46M | €2.03M | €1.64M | ▼ 19.2% |
| Equity10/15 | €-18k | €342k | €613k | €279k | €100k | ▼ 64.2% |
| Contributions10/11 | - | €725k | €725k | €25k | €25k | = |
| Revaluation surpluses12 | - | €531k | €519k | €508k | €496k | ▼ 2.3% |
| Reserves13 | €194k | €3k | €14k | €26k | €38k | ▲ 44.4% |
| Non-distributable reserves130/1 | - | €3k | €3k | €0 | - | - |
| Reserves not available under the articles1311 | - | €3k | €3k | €0 | - | - |
| Distributable reserves133 | - | €0 | €12k | €26k | €38k | ▲ 44.4% |
| Profit (loss) carried forward14 | €-1.47M | €-917k | €-646k | €-279k | €-459k | ▼ 64.1% |
| Provisions and deferred taxes16 | €737k | €737k | €737k | €737k | €737k | = |
| Provisions for liabilities and charges160/5 | - | €737k | €737k | €737k | €737k | = |
| Pensions and similar obligations160 | - | €712k | €712k | €712k | €712k | = |
| Environmental obligations163 | - | €25k | €0 | - | - | - |
| Other liabilities and charges164/5 | - | - | €25k | €25k | €25k | = |
| Amounts payable17/49 | €1.16M | €1.09M | €1.11M | €1.01M | €801k | ▼ 20.8% |
| Amounts payable after more than one year17 | €950k | €736k | €585k | €432k | €286k | ▼ 33.8% |
| Financial debts170/4 | - | €736k | €585k | €432k | €286k | ▼ 33.8% |
| Amounts payable within one year42/48 | €209k | €346k | €523k | €574k | €504k | ▼ 12.3% |
| Current portion of amounts payable after more than one year42 | - | €209k | €167k | €211k | €298k | ▲ 40.9% |
| Financial debts43 | - | - | €9k | €2k | €2k | ▼ 17.6% |
| Credit institutions430/8 | - | - | €9k | €2k | €2k | ▼ 17.6% |
| Trade debts44 | €15k | €2k | €58k | €60k | €48k | ▼ 20.4% |
| Suppliers440/4 | - | €2k | €58k | €60k | €48k | ▼ 20.4% |
| Taxes, remuneration and social security45 | - | €135k | €229k | €241k | €140k | ▼ 41.9% |
| Taxes450/3 | - | €135k | €229k | €237k | €136k | ▼ 42.6% |
| Remuneration and social security454/9 | - | - | - | €4k | €4k | ▲ 1.3% |
| Other amounts payable47/48 | - | - | €60k | €60k | €16k | ▼ 72.7% |
| Accrued charges and deferred income492/3 | - | €5k | €5k | €5k | €11k | ▲ 129% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €299k | €360k | €331k | €426k | €-179k | ▼ 142% |
| + Depreciation and write-downs630 | €38k | €39k | €38k | €39k | €40k | ▲ 3.4% |
| Operating cash flow (approximation) | €337k | €399k | €370k | €465k | €-139k | ▼ 130% |
| Investment in fixed assets (approximation) | - | €0 | €-9k | €-3k | €-10k | ▼ 204% |
| Change in cash | - | €22k | €17k | €-14k | €-24k | ▼ 65.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 152 days late
2024
31-12
Financial
Weakest financial yearnet €-179k
Net result drops to €-179k, the lowest in the series.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
31-12
Financial
Highest result since 2018net €426k ▲28.6%
Operating result €536k, net result €426k, both a record.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Equity above €500kEq €613k ▲79.3%
5 profitable years in a row build equity to €613k.
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 110 days late
2021
31-12
Financial
Equity above €200kEq €342k
4 profitable years in a row build equity to €342k.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
21-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 113 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Roeselare · 1 establishment unit since 1996
Ground area
2,103 m²
Building footprint
231 m²
Volume, LiDAR
1,331 m³
Parcel 36502B0675/00H000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Guido Gezellelaan 83, 8800 Roeselare
since 19962.187.778.085
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B0675/00H000 | Flanders | 2,103 m² | 1 · 231 m² | 10.3 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500AZEAKBHAAV7W73
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Of 16,630 companies in sector 86220 we hold annual accounts for 7,979. 6,300 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
Founded29-03-1996
Fiscal year end31-12
Activities, NACEBEL 2025
86220Specialist medical practice
86995Nutrition and dietetics services
Scores and ratios are computed by Checked and are not a credit decision.