Losses
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Of this, €116,383 falls due within a year.
Green is investment, beige is depreciation.
The 2022 accounts came 2 days late. The other four were filed on time.
Less equity than 87% of companies in wholesale trade. Sector median €360,959 · 9,897 companies.
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 100 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 46, micro). It does better than 18% of them on solvency, 17% on liquidity, 14% on profitability and 6% on growth.
The bankruptcy probability was computed on 10-11-2026 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 30-09-2025.
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).
In July 2024, 646 companies had the same profile as Solid Surface Company has now. Each dot stands for 2 companies, two years later.
Another 0.9% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Solid Surface Company itself is lower: 1.3% within 12 months. It rests on far more data about Solid Surface Company than the profile alone.
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 646 companies, not a prediction for Solid Surface Company. 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.05 (1.18 in 2024), below the usual 1.5. Short-term debt is 85.1% and cash 11.9% of total assets. 97% 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 5 accounts on average 6 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Solid Surface Company Brakel | €136,831 | -€5,020 | 3.0% | - |
| BPH SOLUTION La Hulpe | €93,074 | €1,144 | 47.6% | - |
| TWSM Europe Antwerp | €111,767 | €5,297 | -15.8% | - |
| Tini Products Beringen | €118,331 | €6,209 | 40.2% | - |
| RT Fusion Evergem | €94,724 | €10,998 | 46.7% | - |
| R A FASHION Anderlecht | €138,001 | €10,521 | 46.2% | - |
| Storia Verde Genk | €32,093 | -€12,819 | -183.9% | - |
These companies have the same main activity as Solid Surface Company: wholesale trade (NACE 46442). They are comparable in size and age: total assets between €32,100 and €138,000, founded between 2014 and 2023.
Solid Surface Company files the abbreviated format. That format states no turnover. The gross margin fell from €48,115 in 2021 to -€5,020 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Higher than 14% of 9,901 companies in 2025.
Higher than 22% of 9,664 companies in 2025.
Higher than 10% of 9,779 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
136,831 | 128,980 | 155,423 | 144,591 | 156,690 | |
21/28 |
14,720 | 356 | 657 | 1,132 | 1,623 | |
22/27 |
14,720 | 356 | 657 | 1,132 | 1,623 | |
23 |
86 | 356 | 657 | 958 | 1,259 | |
24 |
14,634 | - | - | 174 | 364 | |
29/58 |
122,111 | 128,624 | 154,766 | 143,459 | 155,067 | |
3 |
29,321 | 43,950 | 52,880 | 66,263 | 56,156 | |
30/36 |
29,321 | 43,950 | 52,880 | 66,263 | 56,156 | |
40/41 |
75,631 | 64,081 | 63,194 | 45,738 | 84,783 | |
40 |
2,655 | 4,032 | 9,921 | 12,979 | 30,576 | |
41 |
72,977 | 60,049 | 53,273 | 32,758 | 54,207 | |
54/58 |
16,235 | 19,698 | 37,904 | 30,979 | 13,519 | |
490/1 |
924 | 895 | 788 | 480 | 609 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
136,831 | 128,980 | 155,423 | 144,591 | 156,690 | |
10/15 |
4,104 | 19,550 | 23,707 | 8,826 | 5,815 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
13 |
815 | 815 | 815 | 815 | 815 | |
133 |
815 | 815 | 815 | 815 | 815 | |
14 |
-1,710 | 13,735 | 17,892 | 3,011 | - | |
17/49 |
132,727 | 109,430 | 131,716 | 135,766 | 150,875 | |
17 |
11,004 | - | - | - | - | |
170/4 |
11,004 | - | - | - | - | |
42/48 |
116,383 | 109,430 | 131,716 | 135,766 | 149,079 | |
42 |
4,271 | - | - | - | - | |
43 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
439 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
44 |
8,480 | 7,990 | 14,865 | 31,456 | 37,086 | |
440/4 |
8,480 | 7,990 | 14,865 | 31,456 | 37,086 | |
45 |
3,632 | 1,441 | 16,851 | 4,310 | 11,992 | |
450/3 |
3,632 | 1,441 | 16,851 | 4,310 | 11,423 | |
454/9 |
- | - | - | - | 570 | |
492/3 |
5,340 | - | - | - | 1,796 | |
| Income statement | ||||||
76A |
- | 1,136 | - | - | - | |
9900 |
-5,020 | 4,132 | 23,346 | 34,231 | 48,115 | |
62 |
- | - | - | 27,192 | 38,473 | |
630 |
2,255 | 301 | 475 | 491 | 452 | |
640/8 |
531 | 525 | 595 | 122 | 695 | |
9901 |
-7,806 | 3,306 | 22,276 | 6,426 | 8,494 | |
75/76B |
288 | 184 | 2,226 | 3,186 | 179 | |
75 |
288 | 184 | 2,226 | 3,186 | 179 | |
65/66B |
7,927 | 7,186 | 4,410 | 4,733 | 5,384 | |
65 |
7,927 | 7,186 | 4,410 | 4,733 | 5,384 | |
9903 |
-15,445 | -3,696 | 20,092 | 4,879 | 3,289 | |
67/77 |
- | 460 | 5,211 | 1,868 | 2,474 | |
9904 |
-15,445 | -4,157 | 14,881 | 3,011 | 815 | |
9905 |
-15,445 | -4,157 | 14,881 | 3,011 | 815 | |
| Appropriation of the result | ||||||
9906 |
-1,710 | 13,735 | 17,892 | 3,011 | 815 | |
14P |
13,735 | 17,892 | 3,011 | - | - | |
691/2 |
- | - | - | - | 815 | |
6921 |
- | - | - | - | 815 | |
| Social balance sheet | ||||||
9087 |
- | - | - | 0.1 | 0.9 | |
Hours worked1013 |
- | - | - | 121 | 1,761 | |
| Document | ||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 30-04-2026 | 2026-00104410 | |
| 30-09-2024 | abbreviated format | 30-04-2025 | 2025-00088871 | |
| 30-09-2023 | abbreviated format | 30-04-2024 | 2024-00081059 | |
| 30-09-2022 | micro format | 02-05-2023 | 2023-00083045 | |
| 30-09-2021 | micro format | 30-03-2022 | 2022-09100570 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| -5,552 | 3,607 | 22,751 | 6,917 | 8,946 | ||
| -13,191 | -3,856 | 15,356 | 3,502 | 1,267 | ||
| 16,619 | 0 | 0 | 0 | 2,075 | ||
| -3,463 | -18,205 | 6,924 | 17,461 | - | ||
| 5,729 | 19,194 | 23,050 | 7,694 | 5,988 | ||
| 3.0% | 15.2% | 15.3% | 6.1% | 3.7% | ||
| 1.05 | 1.18 | 1.17 | 1.06 | 1.04 | ||
| 0.80 | 0.77 | 0.77 | 0.57 | 0.66 | ||
| 32.34 | 5.60 | 5.56 | 15.38 | 25.95 | ||
| -376.3% | -21.3% | 62.8% | 34.1% | 14.0% | ||
| -11.3% | -3.2% | 9.6% | 2.1% | 0.5% | ||
| -0.70 | 0.50 | 5.16 | 1.46 | - |
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 | 30-09-2022 |
|---|---|
| 0.1 | |
| Joined | 1 |
| Left | 1 |
Source: social balance sheet in the 2022 annual accounts
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €16,619 | - | - | - |
| €2,255 | €301 | €475 | €491 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €7,806, after a profit of €3,306 in 2024. It is the lowest result since 2021.
Debt's share of the balance-sheet total rises from 84.8% to 97.0%. Equity is lower and debt is higher.
Source: shareholder structure in its own accounts
Solid Surface Company has no parent and no holdings in its annual accounts. MISEREZ Bart is the only director.
The connected companies are in the list below.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Solid Surface Company was incorporated on 4 February 2020 as a private limited company by one natural person, with a starting capital of €5,000.12 The registered office was moved to Brakel in 2020.3 Since 2020, MISEREZ Bart has served as director.4 Total assets fell from €156,690 in 2021 to €136,831 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Industrielaan 24 registered office 9660 Brakel 22240 Manufacture of rubber and plastic products | 04-02-2020 | 2.299.033.226 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 45034C0864/00B000 | 1,480 m² | 1 · 1,263 m² | 7.3 m · 2 |
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