SOLIDATH
ActiveSummary
SOLIDATH has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.3m and a net result of €39,202. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 88% of 1126 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+69
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 2.55 against 2.31 in 2023; short-term debt: 23.3% and cash: 3.1% of total assets), and 23.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
76.7%
Return on assets
2.3%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
36 d early
2022
35 d early
2021
46 d early
2020
30 d late
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#6 company by equity in Ath, Transport and storage sector#7 company by total assets in Ath, Transport and storage sector#8 oldest company in Ath, Transport and storage sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€39,202
2023 · -€211,733
Working capital
€604,455▲ 12.4%
2023 · €537,734
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-€33,039▲ 44.7%-€31,494▲ 4.7%€17,946-€212,169€58,905
Net result-€30,159▲ 59.3%-€53,590▼ 77.7%€3,456-€211,733€39,202
Equity€1.5m▼ 2.0%€1.5m▼ 3.6%€1.5m▲ 0.2%€1.2m▼ 14.6%€1.3m▲ 3.2%
Total assets€1.8m▲ 1.2%€1.8m▼ 2.9%€1.8m▲ 2.7%€1.7m▼ 9.9%€1.7m▲ 1.1%
Debt€336,000▲ 18.5%€335,464▼ 0.2%€380,231▲ 13.3%€410,287▲ 7.9%€389,123▼ 5.2%
Working capital€729,208▼ 0.6%€712,387▼ 2.3%€758,536▲ 6.5%€537,734▼ 29.1%€604,455▲ 12.4%
Staff (FTE)57.9▲ 8.2%62.6▲ 8.1%72.8▲ 16.3%61.1▼ 16.1%73▲ 19.5%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €58,905 after a loss of €212,169 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.7m
Fixed assets
€677,614 ▼ 3.9%
Current assets
€993,577 ▲ 4.8%
Equity and liabilities €1.7m
Equity
€1.3m ▲ 3.2%
Debt
€389,123 ▼ 5.2%
Debt's share of the balance-sheet total falls from 24.8% to 23.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€116,686▲
2023 · -€157,220
Cash flow
€96,984▲
2023 · -€156,784
Current ratio
2.55▲
2023 · 2.31
Debt to equity
0.30▼
2023 · 0.33
ROE
3.1%▲
2023 · -17.0%
ROA
2.3%▲
2023 · -12.8%
Interest coverage
20.89▲
2023 · -30.44
Debt ≤ 1 year
€389,123▼
2023 · €410,287
Income taxes
€14,117▲
2023 · €3,063
Staff costs
€2.9m▲
2023 · €2.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,832 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.1%
went bankrupt
2.0%
stopped otherwise
98%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,832 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2.2m | €2.3m | €2.5m | €2.9m | ▲ 15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,424 | €50,112 | €48,096 | €54,950 | €57,781 | ▲ 5.2% |
| Other operating charges640/8 | - | €15,106 | €21,173 | €14,609 | €26,189 | ▲ 79.3% |
| Gross operating margin9900 | €2.0m | €2.2m | €2.4m | €2.4m | €3.0m | ▲ 28.0% |
| Operating profit (loss)9901 | -€33,039 | -€31,494 | €17,946 | -€212,169 | €58,905 | ▲ 128% |
| Financial income75/76B | - | €17,199 | €8,627 | €8,665 | €0 | ▼ 100.0% |
| Recurring financial income75 | €8,630 | €8,665 | €8,627 | €8,665 | €0 | ▼ 100.0% |
| Non-recurring financial income76B | - | €8,533 | - | - | - | - |
| Financial charges65/66B | - | €3,383 | €3,118 | €5,165 | €5,586 | ▲ 8.1% |
| Recurring financial charges65 | €2,962 | €3,383 | €3,118 | €5,165 | €5,586 | ▲ 8.1% |
| Profit (loss) for the period before taxes9903 | -€27,371 | -€17,679 | €23,456 | -€208,670 | €53,319 | ▲ 126% |
| Income taxes67/77 | €2,788 | €35,911 | €20,000 | €3,063 | €14,117 | ▲ 361% |
| Profit (loss) for the period9904 | -€30,159 | -€53,590 | €3,456 | -€211,733 | €39,202 | ▲ 119% |
| Transfer to tax-exempt reserves689 | - | - | €3,456 | - | €39,202 | - |
| Profit (loss) for the period to be appropriated9905 | -€30,159 | -€53,590 | - | -€211,733 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.8m | €1.8m | €1.7m | €1.7m | ▲ 1.1% |
| Fixed assets21/28 | €775,526 | €738,757 | €696,064 | €705,132 | €677,614 | ▼ 3.9% |
| Tangible fixed assets22/27 | €527,945 | €491,177 | €448,508 | €457,577 | €430,059 | ▼ 6.0% |
| Land and buildings22 | - | €469,046 | €427,923 | €427,617 | €389,232 | ▼ 9.0% |
| Furniture and vehicles24 | - | €22,131 | €20,585 | €29,959 | €40,826 | ▲ 36.3% |
| Financial fixed assets28 | €247,581 | €247,581 | €247,556 | €247,556 | €247,556 | = |
| Current assets29/58 | €1.1m | €1.0m | €1.1m | €948,021 | €993,577 | ▲ 4.8% |
| Amounts receivable within one year40/41 | €882,525 | €875,532 | €970,448 | €841,552 | €938,837 | ▲ 11.6% |
| Trade receivables40 | - | €354,796 | €434,711 | €287,960 | €334,994 | ▲ 16.3% |
| Other amounts receivable41 | - | €520,736 | €535,736 | €553,592 | €603,842 | ▲ 9.1% |
| Cash at bank and in hand54/58 | €182,143 | €171,779 | €166,831 | €106,271 | €51,008 | ▼ 52.0% |
| Deferred charges and accrued income490/1 | - | €539 | €1,488 | €198 | €3,733 | ▲ 1,785% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.8m | €1.8m | €1.7m | €1.7m | ▲ 1.1% |
| Equity10/15 | €1.5m | €1.5m | €1.5m | €1.2m | €1.3m | ▲ 3.2% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Other1109/19 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1.9m | €1.9m | €2.0m | €2.0m | €2.0m | ▲ 2.0% |
| Non-distributable reserves130/1 | - | €620 | €620 | €620 | €620 | = |
| Reserves not available under the articles1311 | - | €620 | €620 | €620 | €620 | = |
| Tax-exempt reserves132 | - | €1.9m | €2.0m | €2.0m | €2.0m | ▲ 2.0% |
| Profit (loss) carried forward14 | -€449,555 | -€503,145 | -€503,145 | -€714,878 | -€714,878 | = |
| Amounts payable17/49 | €336,000 | €335,464 | €380,231 | €410,287 | €389,123 | ▼ 5.2% |
| Amounts payable within one year42/48 | €336,000 | €335,464 | €380,231 | €410,287 | €389,123 | ▼ 5.2% |
| Current portion of amounts payable after more than one year42 | - | €32,238 | €37,780 | €41,698 | €45,413 | ▲ 8.9% |
| Trade debts44 | €61,093 | €86,384 | €84,904 | €82,021 | €115,894 | ▲ 41.3% |
| Suppliers440/4 | - | €86,384 | €84,904 | €82,021 | €115,894 | ▲ 41.3% |
| Taxes, remuneration and social security45 | - | €216,783 | €257,487 | €286,509 | €227,816 | ▼ 20.5% |
| Taxes450/3 | - | €634 | €2,271 | €1,536 | €3,446 | ▲ 124% |
| Remuneration and social security454/9 | - | €216,149 | €255,216 | €284,972 | €224,369 | ▼ 21.3% |
| Other amounts payable47/48 | - | €60 | €60 | €60 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,159 | -€53,590 | €3,456 | -€211,733 | €39,202 | ▲ 119% |
| + Depreciation and write-downs630 | €48,424 | €50,112 | €48,096 | €54,950 | €57,781 | ▲ 5.2% |
| Operating cash flow (approximation) | €18,265 | -€3,477 | €51,552 | -€156,784 | €96,984 | ▲ 162% |
| Investment in fixed assets (approximation) | - | -€13,344 | -€5,403 | -€64,018 | -€30,263 | ▲ 52.7% |
| Change in cash | - | -€10,364 | -€4,948 | -€60,560 | -€55,263 | ▲ 8.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
08-09
State Gazette act
Merger · IncorporationStatutes amendment · Capital · Shareholding29 facts ▸
State Gazette act
Merger · Incorporation
Statutes amendment · Capital · Shareholding29 facts ▸
- Merger, fusion par absorption, intégralité du patrimoine de la SCRL FS VIT'&NET, actif et passif
- Incorporation, 07-09-2001
- Statutes amendment
- Capital, €6.200
- Shareholding, 28-08-2026, 48
- Shareholding, 28-08-2026, 44
- Shareholding, 28-08-2026, 8
- Incorporation, 30-04-2007
- Statutes amendment
- Capital, €28.600
- Shareholding, 28-08-2026
- Shareholding, 100
- +17 further facts in this act
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Back to profitnet €39,202
Net result €39,202 after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€211,733
Net result drops to -€211,733, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €3,456
Net result €3,456 after 4 loss-making years.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ath · 1 establishment unit since 2001
Ground area
711 m²
Building footprint
198 m²
Parcel 51004B0400/00A002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Avenue de la Roselle 22, 7800 Ath
since 20012.098.445.639
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51004B0400/00A002 | Wallonia | 711 m² | 1 · 198 m² | - |
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.
Articles of association
Purpose
L'aide concrète aux personnes âgées et aux ménages qui ont des difficultés passagères; L'aide concrète à toute personne désireuse d'aide pour ses tâches ménagères; L'entretien et…
Full purpose (7 activities)
- L'aide concrète aux personnes âgées et aux ménages qui ont des difficultés passagères
- L'aide concrète à toute personne désireuse d'aide pour ses tâches ménagères
- L'entretien et l'embellissement de jardins, pelouses, potagers,...
- L'aide en matière de petits travaux intérieurs et extérieurs qui ne nécessitent pas les services d'une entreprise spécialisée
- L'aide aux personnes pour effectuer de petites courses
- Repas à domicile
- Activités culturelles avec moyens de transport à disposition
Structure & network
Owners and holdings
1 holdingOwners 0
No owner stated in the accounts, acts or LEI register we read.
Holdings 1
- Vit' & Netsubsidiary100%
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:VIT'&NET
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 08-09-2026 ↗
- KUZMA Bridget 48%
- BOTTEQUIN Laurent 44%
- Léandre Defromont 8%
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 08-09-2026 Capital stated in the act · 6,200 EUR · 25 shares
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 59,702 EUR awarded · 59,702 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 18,381 EUR | 18,381 EUR |
| 2024 | 1 | 18,805 EUR | 18,805 EUR |
| 2023 | 1 | 13,457 EUR | 13,457 EUR |
| 2022 | 1 | 9,059 EUR | 9,059 EUR |
Schemes
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Of 6,972 companies in sector 49320 we hold annual accounts for 2,715. 481 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded14-09-2001
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
96910Personal service activities
88999Other social work without accommodation
Contact
E-mail
sol.laurent.ath@gmail.com
E-mail
sol.leandre.ath@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475644052
Also
9925:BE0475644052
Registered
29-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.