Checked.be
Active
BE 0428.612.118Public limited company
SOLIDBETON
Rue de l'Expansion 25 A ·4400 Flémalle, Belgium· 40 yrs active
Sector: Other building finishing work
(43350)
Conclusion
SOLIDBETON has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.33M and a net result of €118k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 43% of 3570 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €1.33M |
| Net result | €118k |
| Staff (FTE) | 24.5 |
| Better than sector | 43% |
Financial profile
71
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
87
Profitability
44
Solvency
70
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1986, 40 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
87
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€120k
estimate, not credit advice
Score history
85
2020
86
2021
79
2022
58
2023
87
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.60 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.56 (≥ 1.0)
+5
Leverage
Debt/equity 1.68 (< 2.0)
+3
Profitability
ROE 9%
+3
Interest coverage
Interest coverage 5.7× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±1.9%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 35.5% | 40.0% | |
| Net result | €118k | €29k | |
| Equity | €1.33M | €287k | |
| Gross operating margin | €1.59M | €292k | |
| Staff costs | €1.19M | €363k |
€378k
+350.8%
20-24
€118k
-
20-24
€277k
+130.7%
20-24
€3.76M
+6.2%
20-24
€1.33M
+9.7%
20-24
€1.19M
+14.1%
20-24
25
-12.5%
20-24
€1.19M
-4.4%
20-24
€36k
+6287.9%
20-24
€2.24M
+4.6%
20-24
€1.97M
+10.8%
20-24
€269k
-25.3%
20-24
1.60
+1.1%
20-24
1.56
+1.4%
20-24
35.5%
+3.2%
20-24
1.68
-4.6%
20-24
8.8%
-
20-24
3.1%
-
20-24
5.74
+119.4%
20-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - | - |
| EBITDA | €378k | €84k | €194k | €238k | €236k |
| Net profit | €118k | €-56k | €18k | €26k | €1.09M |
| Cash flow | €277k | €120k | €204k | €237k | €1.30M |
| Staff costs | €1.19M | €1.24M | €1.26M | €1.35M | - |
| Income taxes | €36k | €570 | €547 | €12k | €13k |
| Dividends | - | - | - | - | - |
| Total assets | €3.76M | €3.53M | €2.80M | €2.60M | €2.68M |
| Equity | €1.33M | €1.22M | €1.27M | €1.25M | €1.23M |
| Debt | €2.24M | €2.14M | €1.35M | €1.16M | €1.28M |
| of which ≤ 1y | €1.97M | €1.78M | €917k | €1.07M | €1.21M |
| of which > 1y | €269k | €361k | €430k | €82k | €47k |
| Working capital | €1.19M | €1.04M | €1.13M | €1.21M | €1.15M |
| Employees (FTE) | 24.5 | 28.0 | 28.0 | 30.2 | 31.4 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 1.60 | 1.59 | 2.23 | 2.14 | 1.95 |
| Quick ratio | 1.56 | 1.54 | 2.23 | 2.14 | 1.95 |
| Working capital ratio | 31.7% | 29.5% | 40.3% | 46.7% | 43.0% |
| Solvency | 35.5% | 34.4% | 45.4% | 48.3% | 45.9% |
| Debt / equity | 1.68 | 1.76 | 1.06 | 0.93 | 0.04 |
| Long-term debt ratio | 0.20 | 0.30 | 0.34 | 0.07 | 0.04 |
| Interest coverage | 5.74 | 2.62 | 12.31 | 8.98 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 3.1% | -1.6% | 0.6% | 1.0% | 40.8% |
| ROE | 8.8% | -4.6% | 1.4% | 2.1% | 88.9% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €3.76M | €3.53M | €2.80M | €2.60M | €2.68M |
| Fixed assets | 21/28 | €594k | €713k | €755k | €317k | €314k |
| Tangible fixed assets | 22/27 | €593k | €712k | €754k | €292k | €289k |
| Financial fixed assets | 28 | €603 | €603 | €60 | €25k | €25k |
| Current assets | 29/58 | €3.16M | €2.82M | €2.05M | €2.28M | €2.36M |
| Stocks & contracts in progress | 3 | €89k | €89k | - | - | - |
| Amounts receivable within one year | 40/41 | €2.65M | €2.41M | €1.76M | €1.96M | €2.30M |
| Cash & bank | 54/58 | €321k | €321k | €285k | €320k | €57k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.76M | €3.53M | €2.80M | €2.60M | €2.68M |
| Equity | 10/15 | €1.33M | €1.22M | €1.27M | €1.25M | €1.23M |
| Contributions / capital | 10/11 | €124k | €124k | €124k | €124k | €124k |
| Reserves | 13 | €52k | €52k | €52k | €52k | €52k |
| Accumulated profits (losses) | 14 | €1.16M | €1.04M | €1.10M | €1.08M | €1.05M |
| Provisions & deferred taxes | 16 | €180k | €176k | €181k | €181k | €170k |
| Amounts payable | 17/49 | €2.24M | €2.14M | €1.35M | €1.16M | €1.28M |
| Amounts payable after one year | 17 | €269k | €361k | €430k | €82k | €47k |
| Amounts payable within one year | 42/48 | €1.97M | €1.78M | €917k | €1.07M | €1.21M |
| Trade debts payable within one year | 44 | €621k | €826k | €309k | €617k | €684k |
| Income statement | ||||||
| Gross operating margin | 9900 | €1.59M | €1.33M | €1.49M | €1.62M | €1.69M |
| Operating result | 9901 | €219k | €-93k | €7k | €26k | €30k |
| Financial income | 75 | €1k | €69k | €27k | €38k | €43k |
| Financial charges | 65 | €66k | €32k | €16k | €26k | €30k |
| Result before taxes | 9903 | €154k | €-56k | €18k | €38k | €41k |
| Income taxes | 67/77 | €36k | €570 | €547 | €12k | €13k |
| Net result for the period | 9904 | €118k | €-56k | €18k | €26k | €28k |
| Result to be appropriated | 9905 | €118k | €-56k | €18k | €26k | €28k |
Legal Structure
| NACE primary | Other building finishing work(43350) |
| Legal form | Public limited company(014) |
| Incorporation | 07-03-1986 |
| Status | Active |
| Postal code | 4400 |
Establishment units
Rue de l'Expansion 25, 4400 Flémalle
since 19862.029.064.311
Updates
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Back to profitnet €118k
Net result €118k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €-56k ▼419%
Net result drops to €-56k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 1 day late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Other building finishing work43350Screed work4342245432Laying of wooden floor and wall coverings43332
Names & trade names
| Legal nameFR | SOLIDBETON |
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