Solidariteit
ActiveSummary
Solidariteit has the legal form “Public-utility foundation” in the KBO; Checked does not compute a bankruptcy probability for it. The 2025 annual accounts show equity of €58.5m and a net result of €4.6m, of which €3.6m non-recurring income. Equity is growing by about 3% per year across the filed financial years. Its solvency ranks better than 80% of 10,760 sector peers (NACE 70, financial year 2025). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Turnover
€4.5m▼ 5.3%
2021 · €4.8m
EBIT margin
32.4%▼ 90.8pp
2021 · 123.2%
Net result
€4.6m▲ 46×
2024 · €101,303
Working capital
€20.9m▲ 45.5%
2024 · €14.4m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is over 27 times 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€4.5m
2022
Operating result€4.7m
2025
Net result€4.6m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€69.5m
2025
Equity€58.5m
2025
Debt€8.1m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€20.9m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin32.4%
2022
Return on assets (ROA)6.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency84.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio14.97
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€3.5m-€4.6m▲ 31.7%€4.7m▲ 1.4%€4.8m▲ 1.4%€4.5m▼ 5.3%
Operating result€1.3m-€1.3m▲ 2.8%€1.8m▲ 32.0%€5.9m▲ 230%€1.5m▼ 75.1%€0.8m▼ 44.6%€0.2m▼ 78.8%€4.7m▲ 27×
Net result€0.9m-€1.0m▲ 6.6%€1.4mabove the sector's middle half▲ 43.6%€5.5mabove the sector's middle half▲ 280%€1.1mabove the sector's middle half▼ 79.2%€0.6mabove the sector's middle half▼ 43.9%€0.1mwithin the sector's middle half▼ 84.2%€4.6mabove the sector's middle half▲ 46×
EBIT margin37.2%-29.1%▼ 8.2pp37.8%▲ 8.8pp123.2%▲ 85.3pp32.4%▼ 90.8pp
Equity€25.1m-€49.4m▲ 97.1%€50.3mabove the sector's middle half▲ 1.7%€54.5mabove the sector's middle half▲ 8.3%€55.1mabove the sector's middle half▲ 1.1%€55.2mabove the sector's middle half▲ 0.2%€54.7mabove the sector's middle half▼ 0.8%€58.5mabove the sector's middle half▲ 6.9%
Total assets€44.0m-€68.8m▲ 56.4%€73.8mabove the sector's middle half▲ 7.2%€68.2mabove the sector's middle half▼ 7.6%€68.1mabove the sector's middle half▼ 0.2%€67.5mabove the sector's middle half▼ 0.8%€66.6mabove the sector's middle half▼ 1.3%€69.5mabove the sector's middle half▲ 4.4%
Debt€18.9m-€19.4m▲ 2.3%€23.5m▲ 21.2%€12.5m▼ 46.8%€11.8m▼ 5.7%€10.3m▼ 12.4%€9.0m▼ 13.1%€8.1m▼ 9.4%
Working capital-€4.3m--€6.7m▼ 53.5%-€1.6mbelow the sector's middle half▲ 76.0%€7.1mabove the sector's middle half€9.4mabove the sector's middle half▲ 32.7%€12.3mabove the sector's middle half▲ 30.5%€14.4mabove the sector's middle half▲ 16.8%€20.9mabove the sector's middle half▲ 45.5%
Solvency57.0%-71.8%▲ 14.9pp68.2%within the sector's middle half▼ 3.7pp79.9%above the sector's middle half▲ 11.7pp80.9%above the sector's middle half▲ 1.0pp81.7%above the sector's middle half▲ 0.8pp82.2%above the sector's middle half▲ 0.5pp84.2%above the sector's middle half▲ 2.0pp
Current ratio0.20-0.05▼ 0.150.79within the sector's middle half▲ 0.746.41above the sector's middle half▲ 5.626.74above the sector's middle half▲ 0.3310.85above the sector's middle half▲ 4.1111.49above the sector's middle half▲ 0.6414.97above the sector's middle half▲ 3.47
Return on assets (ROA)2.1%-1.5%▼ 0.7pp2.0%within the sector's middle half▲ 0.5pp8.1%within the sector's middle half▲ 6.1pp1.7%within the sector's middle half▼ 6.4pp1.0%within the sector's middle half▼ 0.7pp0.2%below the sector's middle half▼ 0.8pp6.6%within the sector's middle half▲ 6.5pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69.5m
Fixed assets
€47.1m ▼ 7.4%
Current assets
€22.4m ▲ 42.3%
Equity and liabilities €69.5m
Equity
€58.5m ▲ 6.9%
Provisions
€2.9m =
Debt
€8.1m ▼ 9.4%
Debt's share of the balance-sheet total falls from 13.5% to 11.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7.9m▲
2024 · €3.3m
Cash flow
€7.8m▲
2024 · €3.3m
Debt to equity
0.14▼
2024 · 0.16
ROE
7.9%▲
2024 · 0.2%
Interest coverage
36.44▲
2024 · 13.67
Debt ≤ 1 year
€1.5m▲
2024 · €1.4m
Debt > 1 year
€6.6m▼
2024 · €7.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €3.5m | €4.6m | €4.7m | €4.8m | €4.5m | - | - | - | - |
| Membership fees, donations, legacies and grants73 | - | - | - | €1.3m | €0.5m | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €6.9m | €1.1m | €1.1m | €0.4m | €3.6m | ▲ 725% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €1.0m | €1.4m | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.3m | €3.2m | €3.2m | €3.3m | €3.2m | €3.2m | €3.2m | €3.2m | ▲ 1.2% |
| Other operating charges640/8 | - | - | - | €0.08m | €0.1m | €0.03m | €0.04m | €0.06m | ▲ 30.5% |
| Non-recurring operating charges66A | - | - | - | €1.7m | €0.01m | - | - | - | - |
| Gross operating margin9900 | €3.6m | €4.6m | €5.1m | €12.1m | €4.8m | €4.8m | €4.3m | €7.9m | ▲ 86.2% |
| Operating profit (loss)9901 | €1.3m | €1.3m | €1.8m | €5.9m | €1.5m | €0.8m | €0.2m | €4.7m | ▲ 27× |
| Financial income75/76B | - | - | - | €0.002m | €0.002m | €0.1m | €0.2m | €0.2m | ▼ 11.5% |
| Recurring financial income75 | €20 | - | €0.002m | €0.002m | €0.002m | €0.1m | €0.2m | €0.2m | ▼ 11.5% |
| Financial charges65/66B | - | - | - | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 10.8% |
| Recurring financial charges65 | €0.4m | €0.3m | €0.3m | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 11.3% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €0.001m | - |
| Profit (loss) for the period before taxes9903 | €0.9m | €1.0m | €1.4m | €5.5m | €1.1m | €0.6m | €0.1m | €4.6m | ▲ 46× |
| Profit (loss) for the period9904 | €0.9m | €1.0m | €1.4m | €5.5m | €1.1m | €0.6m | €0.1m | €4.6m | ▲ 46× |
| Profit (loss) for the period to be appropriated9905 | €0.9m | €1.0m | €1.4m | €5.5m | €1.1m | €0.6m | €0.1m | €4.6m | ▲ 46× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €44.0m | €68.8m | €73.8m | €68.2m | €68.1m | €67.5m | €66.6m | €69.5m | ▲ 4.4% |
| Fixed assets21/28 | €42.9m | €68.5m | €67.7m | €59.7m | €57.0m | €53.9m | €50.8m | €47.1m | ▼ 7.4% |
| Tangible fixed assets22/27 | €42.9m | €68.4m | €67.6m | €59.7m | €56.9m | €53.9m | €50.8m | €47.1m | ▼ 7.3% |
| Land and buildings22 | - | - | - | €59.6m | €56.9m | €53.9m | €50.8m | €47.1m | ▼ 7.3% |
| Plant, machinery and equipment23 | - | - | - | - | €465 | €0.002m | €0.008m | €0.007m | ▼ 10.7% |
| Furniture and vehicles24 | - | - | - | - | €0.009m | €0.008m | €0.006m | €0.005m | ▼ 20.0% |
| Assets under construction and advance payments27 | - | - | - | €0.06m | €0.01m | €0.01m | - | - | - |
| Financial fixed assets28 | €0.05m | €0.06m | €0.08m | €0.08m | €0.07m | €0.05m | €0.02m | - | - |
| Current assets29/58 | €1.1m | €0.4m | €6.1m | €8.4m | €11.1m | €13.6m | €15.8m | €22.4m | ▲ 42.3% |
| Amounts receivable within one year40/41 | €0.009m | €0.009m | €1.0m | €0.2m | €1.5m | €1.1m | €0.03m | €0.05m | ▲ 80.0% |
| Trade receivables40 | - | - | - | €0.05m | €1.5m | €1.1m | €0.03m | €0.05m | ▲ 80.0% |
| Other amounts receivable41 | - | - | - | €0.1m | - | - | - | - | - |
| Current investments50/53 | - | - | - | - | €5.5m | €11.0m | €11.0m | €13.7m | ▲ 25.0% |
| Cash at bank and in hand54/58 | €1.1m | €0.3m | €5.0m | €8.3m | €4.0m | €1.4m | €4.6m | €8.5m | ▲ 83.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.08m | €0.08m | €0.1m | €0.1m | ▲ 26.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €44.0m | €68.8m | €73.8m | €68.2m | €68.1m | €67.5m | €66.6m | €69.5m | ▲ 4.4% |
| Equity10/15 | €25.1m | €49.4m | €50.3m | €54.5m | €55.1m | €55.2m | €54.7m | €58.5m | ▲ 6.9% |
| Contributions10/11 | - | - | - | - | - | €31.6m | €31.6m | €31.6m | = |
| Capital10 | - | - | - | - | - | €31.6m | €31.6m | €31.6m | = |
| Profit (loss) carried forward14 | €10.2m | €11.2m | €12.6m | €18.1m | €19.3m | €19.9m | €20.0m | €24.6m | ▲ 23.1% |
| Investment grants15 | - | - | - | €4.8m | €4.2m | €3.7m | €3.2m | €2.3m | ▼ 26.8% |
| Provisions and deferred taxes16 | - | - | - | €1.2m | €1.2m | €2.0m | €2.9m | €2.9m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €1.2m | €1.2m | €2.0m | €2.9m | €2.9m | = |
| Major repairs and maintenance162 | - | - | - | €1.2m | €1.2m | €2.0m | €2.9m | €2.9m | = |
| Amounts payable17/49 | €18.9m | €19.4m | €23.5m | €12.5m | €11.8m | €10.3m | €9.0m | €8.1m | ▼ 9.4% |
| Amounts payable after more than one year17 | €13.5m | €12.4m | €15.8m | €11.2m | €10.1m | €9.1m | €7.6m | €6.6m | ▼ 12.8% |
| Financial debts170/4 | - | - | - | €11.2m | €10.1m | €9.1m | €7.6m | €6.6m | ▼ 12.8% |
| Amounts payable within one year42/48 | €5.4m | €7.0m | €7.7m | €1.3m | €1.6m | €1.3m | €1.4m | €1.5m | ▲ 9.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.1m | €1.1m | €1.1m | €1.0m | €1.0m | = |
| Trade debts44 | €0.2m | €0.2m | €0.5m | €0.3m | €0.6m | €0.2m | €0.4m | €0.5m | ▲ 32.8% |
| Suppliers440/4 | - | - | - | €0.3m | €0.6m | €0.2m | €0.4m | €0.5m | ▲ 32.8% |
| Advances received on contracts in progress46 | - | - | - | - | €0.02m | €0.009m | €0.01m | €0.01m | ▲ 0.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.009m | €0.001m | €97 | €30 | ▼ 69.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.9m | €1.0m | €1.4m | €5.5m | €1.1m | €0.6m | €0.1m | €4.6m | ▲ 46× |
| + Depreciation and write-downs630 | €2.3m | €3.2m | €3.2m | €3.3m | €3.2m | €3.2m | €3.2m | €3.2m | ▲ 1.2% |
| Operating cash flow (approximation) | €3.2m | €4.2m | €4.7m | €8.8m | €4.4m | €3.8m | €3.3m | €7.8m | ▲ 140% |
| Investment in fixed assets (approximation) | - | -€28.8m | -€2.5m | €4.7m | -€0.5m | -€0.1m | -€0.07m | €0.5m | - |
| Change in cash | - | -€0.8m | €4.7m | €3.2m | -€4.2m | -€2.7m | €3.3m | €3.9m | ▲ 18.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 05-05-2026 | 2026-00104461 |
| 31-12-2024 | abbreviated format | 29-04-2025 | 2025-00083522 |
| 31-12-2023 | abbreviated format | 03-05-2024 | 2024-00081064 |
| 31-12-2022 | abbreviated format | 22-06-2023 | 2023-00148083 |
| 31-12-2021 | abbreviated format | 14-07-2022 | 2022-20185770 |
| 31-12-2020 | abbreviated format | 28-05-2021 | 2021-15900078 |
| 31-12-2019 | abbreviated format | 03-09-2020 | 2020-51200255 |
| 31-12-2018 | abbreviated format | 02-05-2019 | 2019-11900351 |
| 31-12-2017 | abbreviated format | 07-05-2018 | 2018-12200256 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.