Solid Thinking
Annual accounts 2025
abbreviated format, filed on 21-05-2026, 40 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €130,000 and €280,000.
Balance sheet
balance sheet total €4.8m on 30-11-2025in €m
in €m
Position in the sector
71.9%
Higher than 68% of 10,856 companies in 2025.
2.66
Higher than 66% of 10,478 companies in 2025.
1.4%
Higher than 32% of 10,725 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half
Staff
€63,732
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
4.8m | 5.1m | 4.6m | 3.5m | 2.0m | 316,545 | 286,028 | 225,683 | 185,878 | 111,690 | 135,818 | 217,619 | 95,496 | |
20 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
21/28 |
1.2m | 122,843 | 38,975 | 51,791 | 39,066 | 3,683 | 0 | 351 | 702 | 3,686 | 192 | 523 | 358 | |
21 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
22/27 |
1.2m | 122,843 | 38,975 | 51,791 | 39,066 | 3,683 | 0 | 351 | 702 | 3,686 | 192 | 523 | 358 | |
22 |
1.2m | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
23 |
544 | 965 | 1,386 | 1,807 | - | - | 0 | - | - | - | - | 0 | - | |
24 |
87,847 | 121,878 | 37,589 | 49,983 | 39,066 | 3,683 | 0 | 351 | 702 | 3,686 | 192 | 523 | 358 | |
26 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
27 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
28 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
29/58 |
3.6m | 5.0m | 4.5m | 3.5m | 1.9m | 312,862 | 286,028 | 225,333 | 185,177 | 108,004 | 135,626 | 217,096 | 95,138 | |
29 |
959,581 | 959,581 | 820,400 | 883,700 | 917,000 | 77,500 | 46,380 | 49,680 | 52,980 | 40,700 | 58,553 | 0 | - | |
290 |
- | - | - | - | 0 | 50,000 | 0 | - | - | - | - | 0 | - | |
291 |
959,581 | 959,581 | 820,400 | 883,700 | 917,000 | 27,500 | 46,380 | 49,680 | 52,980 | 40,700 | 58,553 | 0 | - | |
3 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
30/36 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
37 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
40/41 |
188,779 | 146,040 | 61,691 | 66,504 | 37,960 | 20,262 | 27,907 | 74,568 | 45,196 | 18,880 | 10,577 | 7,483 | 12,040 | |
40 |
54,186 | 73,274 | 25,299 | 31,659 | 3,078 | 1,382 | 13,043 | 11,234 | 41,896 | - | - | 7,483 | 6,816 | |
41 |
134,594 | 72,767 | 36,392 | 34,845 | 34,882 | 18,880 | 14,864 | 63,334 | 3,300 | 18,880 | 10,577 | 0 | 5,223 | |
50/53 |
1.1m | 3.4m | 2.6m | 569,573 | 513,709 | 11,270 | 0 | - | - | - | - | 0 | - | |
54/58 |
1.2m | 472,001 | 1.0m | 2.0m | 438,922 | 195,181 | 206,042 | 96,837 | 84,461 | 46,839 | 65,667 | 208,795 | 82,295 | |
490/1 |
79,807 | 46,540 | 37,946 | 10,329 | 17,847 | 8,649 | 5,699 | 4,247 | 2,539 | 1,585 | 829 | 818 | 803 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
4.8m | 5.1m | 4.6m | 3.5m | 2.0m | 316,545 | 286,028 | 225,683 | 185,878 | 111,690 | 135,818 | 217,619 | 95,496 | |
10/15 |
3.5m | 5.0m | 4.4m | 3.4m | 1.9m | 265,258 | 267,051 | 198,229 | 141,497 | 73,065 | 47,601 | 20,410 | 70,270 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 0 | 18,600 | 18,600 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
100 |
- | - | - | - | - | 0 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 0 | - | 50 | 50 | 50 | 50 | 50 | |
11 |
- | - | - | - | - | 18,600 | 0 | - | - | - | - | 0 | - | |
1100/10 |
- | - | - | - | - | 18,600 | 0 | - | - | - | - | 0 | - | |
12 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
13 |
3.5m | 5.0m | 4.4m | 3.4m | 1.8m | 244,960 | 246,960 | 178,960 | 122,285 | 53,860 | 28,860 | 1,860 | 51,720 | |
130/1 |
- | - | - | - | 0 | 1,860 | 0 | - | - | - | - | 0 | - | |
130 |
- | - | - | - | - | 0 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | - | 0 | - | - | - | - | - | - | - | - | |
1312 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
1319 |
- | - | - | - | - | 1,860 | 0 | - | - | - | - | 0 | - | |
132 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
133 |
3.5m | 5.0m | 4.4m | 3.4m | 1.8m | 243,100 | 245,100 | 177,100 | 120,425 | 52,000 | 27,000 | 0 | 49,860 | |
14 |
2,935 | 2,935 | 2,890 | 2,053 | 1,739 | 1,698 | 1,491 | 669 | 662 | 655 | 191 | 0 | - | |
15 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
19 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
16 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
160/5 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
160 |
- | - | - | - | - | - | 0 | - | - | - | - | - | - | |
161 |
- | - | - | - | - | - | 0 | - | - | - | - | - | - | |
162 |
- | - | - | - | - | - | 0 | - | - | - | - | - | - | |
163 |
- | - | - | - | - | - | 0 | - | - | - | - | - | - | |
164/5 |
- | - | - | - | - | - | 0 | - | - | - | - | - | - | |
168 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
17/49 |
1.4m | 110,873 | 174,637 | 111,251 | 102,285 | 51,288 | 18,978 | 27,454 | 44,382 | 38,625 | 88,217 | 197,209 | 25,226 | |
17 |
- | - | - | - | 0 | - | 0 | - | - | - | - | 0 | - | |
170/4 |
- | - | - | - | 0 | - | 0 | - | - | - | - | 0 | - | |
175 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
176 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
178/9 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
42/48 |
1.4m | 109,653 | 172,312 | 110,796 | 96,104 | 49,823 | 14,606 | 24,954 | 43,382 | 38,625 | 87,017 | 197,209 | 22,226 | |
42 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
43 |
- | - | - | - | - | - | 0 | - | - | 2,494 | - | 0 | - | |
430/8 |
- | - | - | - | - | - | 0 | - | - | 2,494 | - | 0 | - | |
439 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
44 |
3,801 | 30,641 | 6,997 | 7,055 | 4,510 | 3,403 | 3,840 | 1,117 | 31,651 | 20,885 | 13,666 | 4,463 | 156 | |
440/4 |
3,801 | 30,641 | 6,997 | 7,055 | 4,510 | 3,403 | 3,840 | 1,117 | 31,651 | 20,885 | 13,666 | 4,463 | 156 | |
441 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
46 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
45 |
13,161 | 13,452 | 99,653 | 99,265 | 83,842 | 10,345 | 1,235 | 19,059 | 10,139 | 12,380 | 72,348 | 84,936 | 22,070 | |
450/3 |
500 | 488 | 86,032 | 83,789 | 70,213 | 10,345 | 1,235 | 19,059 | 10,139 | 12,380 | 72,348 | 49,925 | 22,070 | |
454/9 |
12,661 | 12,963 | 13,621 | 15,475 | 13,630 | - | 0 | - | - | - | - | 35,011 | - | |
47/48 |
1.3m | 65,561 | 65,663 | 4,477 | 7,751 | 36,075 | 9,531 | 4,779 | 1,591 | 2,866 | 1,003 | 107,811 | - | |
492/3 |
7,745 | 1,220 | 2,325 | 455 | 6,182 | 1,464 | 4,372 | 2,500 | 1,000 | - | 1,200 | 0 | 3,000 | |
| Income statement | ||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | 0 | - | |
76A |
0 | 11,336 | 0 | 2,811 | 9,038 | - | 0 | - | - | - | - | 0 | - | |
9900 |
90,678 | 947,524 | 1.6m | 2.6m | 2.4m | 44,029 | 102,083 | 99,992 | 118,016 | 48,742 | 43,834 | 139,669 | 75,830 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | 0 | - | |
62 |
63,732 | 57,748 | 72,257 | 77,721 | 48,367 | - | 0 | - | - | - | - | 0 | - | |
630 |
57,642 | 24,315 | 12,816 | 12,229 | 7,017 | 1,842 | 351 | 351 | 351 | 1,860 | 331 | 413 | 1,222 | |
631/4 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
635/8 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
640/8 |
2,658 | 2,496 | 1,148 | 1,209 | 790 | 1,085 | 1,338 | 4,741 | 1,446 | 1,971 | 509 | 544 | 782 | |
649 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
66A |
- | - | 0 | 3,406 | - | - | 0 | - | 2,220 | - | - | 0 | - | |
9901 |
-33,354 | 862,966 | 1.5m | 2.5m | 2.3m | 41,102 | 100,395 | 94,900 | 114,000 | 44,911 | 42,994 | 138,712 | 73,826 | |
75/76B |
150,408 | 112,587 | 85,009 | 35,354 | 10,201 | 1,633 | 1,389 | 1,768 | 961 | 1,611 | 2,810 | 570 | 101 | |
75 |
150,408 | 112,587 | 85,009 | 35,190 | 9,656 | 1,633 | 1,389 | 1,768 | 961 | 1,611 | 2,810 | 570 | 101 | |
76B |
- | - | 0 | 164 | 546 | - | 0 | - | - | - | - | - | - | |
65/66B |
12,809 | -22,492 | 17,360 | 30,687 | 11,411 | 2,448 | 1,118 | 722 | 636 | 322 | 1,631 | 328 | 163 | |
65 |
12,809 | -22,492 | 17,360 | 30,687 | 11,411 | 2,448 | 1,118 | 722 | 636 | 322 | 1,631 | 328 | 163 | |
66B |
- | - | - | - | - | - | 0 | - | - | - | - | - | - | |
9903 |
104,245 | 998,044 | 1.6m | 2.5m | 2.3m | 40,288 | 100,665 | 95,946 | 114,325 | 46,200 | 44,173 | 138,954 | 73,764 | |
67/77 |
36,837 | 312,349 | 491,250 | 785,529 | 730,741 | 15,081 | 31,844 | 39,264 | 45,892 | 18,336 | 16,982 | 48,771 | 22,044 | |
9904 |
67,409 | 685,695 | 1.1m | 1.7m | 1.6m | 25,207 | 68,822 | 56,682 | 68,432 | 27,864 | 27,191 | 90,183 | 51,720 | |
789 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
689 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
9905 |
67,409 | 685,695 | 1.1m | 1.7m | 1.6m | 25,207 | 68,822 | 56,682 | 68,432 | 27,864 | 27,191 | 90,183 | 51,720 | |
| Appropriation of the result | ||||||||||||||
9906 |
70,343 | 688,585 | 1.1m | 1.7m | 1.6m | 26,698 | 69,491 | 57,344 | 69,087 | 28,055 | 27,191 | 90,183 | 51,720 | |
14P |
2,935 | 2,890 | 2,053 | 1,739 | - | - | - | - | - | - | - | - | - | |
791/2 |
1.6m | 68,000 | 56,675 | 120,285 | 0 | 27,000 | 0 | - | - | - | - | 49,860 | - | |
691/2 |
67,409 | 685,650 | 1.0m | 1.7m | 1.6m | 25,000 | 68,000 | 56,675 | 68,425 | 25,000 | 27,000 | 0 | 51,720 | |
691 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | - | |
6920 |
- | - | - | - | - | - | 0 | - | - | - | - | 0 | 1,860 | |
6921 |
67,409 | 685,650 | 1.0m | 1.7m | 1.6m | 25,000 | 68,000 | 56,675 | 68,425 | 25,000 | 27,000 | 0 | 49,860 | |
694/7 |
1.6m | 68,000 | 100,675 | 120,285 | 0 | 27,000 | 0 | - | - | 2,400 | - | 140,043 | - | |
694 |
1.6m | 68,000 | 100,675 | 120,285 | 0 | 27,000 | 0 | - | - | 2,400 | - | 140,043 | - | |
695 |
- | - | - | - | 0 | - | 0 | - | - | - | - | 0 | - | |
696 |
- | - | - | - | - | - | 0 | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||
9087 |
1 | 1 | 1 | 1 | 1 | - | - | - | - | - | - | 0 | - | |
Hours worked1013 |
2,008 | 2,016 | 2,008 | 2,032 | 1,344 | - | - | - | - | - | - | 0 | - | |
| Document | ||||||||||||||
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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 21-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-11-2025 | abbreviated format | 21-05-2026 | 2026-00117884 | |
| 30-11-2024 | abbreviated format | 19-05-2025 | 2025-00099166 | |
| 30-11-2023 | abbreviated format | 23-05-2024 | 2024-00096024 | |
| 30-11-2022 | micro format | 28-03-2023 | 2023-00046880 | |
| 30-11-2021 | micro format | 21-03-2022 | 2022-08000527 | |
| 31-03-2021 | micro format | 14-09-2021 | 2021-67300314 | |
| 31-03-2020 | micro format | 15-09-2020 | 2020-53200176 | |
| 31-03-2019 | micro format | 16-09-2019 | 2019-64400296 | |
| 31-03-2018 | micro format | 10-10-2018 | 2018-69200132 | |
| 31-03-2017 | micro format | 03-11-2017 | 2017-69300060 | |
| 31-03-2016 | abbreviated format | 15-09-2016 | 2016-60100095 | |
| 31-03-2015 | abbreviated format | 18-09-2015 | 2015-59500578 | |
| 31-03-2014 | abbreviated format | 17-09-2014 | 2014-58700074 | |
| 31-03-2013 | abbreviated format | 31-10-2013 | 2013-64500011 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24,288 | 887,281 | 1.5m | 2.5m | 2.3m | 42,944 | 100,746 | 95,251 | 114,351 | 46,771 | 43,325 | 139,125 | 75,048 | ||
| 125,050 | 710,010 | 1.1m | 1.7m | 1.6m | 27,049 | 69,173 | 57,033 | 68,783 | 29,724 | 27,522 | 90,596 | 52,942 | ||
| 1.2m | 121,347 | 0 | 62,433 | 1,645 | 5,525 | 0 | 0 | -2,634 | 5,353 | -0 | 578 | 660 | ||
| 761,722 | -557,803 | -923,979 | 1.5m | 243,741 | -10,861 | 109,205 | 12,376 | 37,622 | -18,828 | -143,128 | 126,500 | - | ||
| 2.2m | 4.9m | 4.4m | 3.4m | 1.8m | 263,039 | 271,422 | 200,378 | 141,795 | 69,379 | 48,609 | 19,887 | 72,912 | ||
| 71.9% | 97.8% | 96.2% | 96.9% | 94.8% | 83.8% | 93.4% | 87.8% | 76.1% | 65.4% | 35.0% | 9.4% | 73.6% | ||
| 2.66 | 45.59 | 26.29 | 31.44 | 20.04 | 6.28 | 19.58 | 9.03 | 4.27 | 2.80 | 1.56 | 1.10 | 4.28 | ||
| 0.39 | 0.02 | 0.04 | 0.03 | 0.05 | 0.19 | 0.07 | 0.14 | 0.31 | 0.53 | 1.85 | 9.66 | 0.36 | ||
| 1.9% | 13.7% | 24.3% | 49.1% | 84.9% | 9.5% | 25.8% | 28.6% | 48.4% | 38.1% | 57.1% | 441.9% | 73.6% | ||
| 1.4% | 13.4% | 23.4% | 47.6% | 80.5% | 8.0% | 24.1% | 25.1% | 36.8% | 24.9% | 20.0% | 41.4% | 54.2% | ||
| 1.90 | -39.45 | 86.77 | 80.67 | - | - | - | - | - | - | - | - | - |
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
| Item | 30-11-2025 | 30-11-2024 | 30-11-2023 | 30-11-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 |
| part-time | 0 | 0 | 0 | 0 |
| in full-time equivalents | 1 | 1 | 1 | 1 |
| 1 | 1 | 1 | - | |
| On a permanent contract | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
fixed assets acquired| Item | 30-11-2025 | 30-11-2024 | 30-11-2023 | 30-11-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1.2m | €121,347 | - | €62,433 |
| €57,642 | €24,315 | €12,816 | €12,229 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on Solid Thinking
The operating result for 2025 is a loss of €33,354, after a profit of €862,966 in 2024. It is the lowest result since 2013.
Debt's share of the balance-sheet total rises from 2.2% to 28.1%. Equity is lower and debt is higher.