SOLIDE CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of SOLIDE CONSTRUCTION is 2.0% (moderate). The 2025 annual accounts show equity of €111,995 and a net result of €3,590. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 21% of 2075 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-18
Solvency45▲+11
Growth35=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.23 against 1.08 in 2024; short-term debt: 79.7% and cash: 3.3% of total assets), and 79.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2075 sector peers (2025).
NBB · sector comparisonPosition among 2075 sector peers
Solvency
better than 21%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 10-02-2026, 163 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2026
not confirmed
2025
163 d late
2024
30 d late
2023
32 d late
2022
62 d late
2021
58 d late
2020
73 d late
← 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 70 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, full schema
Turnover
€838,689▼ 54.9%
2023 · €1.9m
EBIT margin
3.0%▲ 1.5pp
2023 · 1.5%
Net result
€3,590▼ 61.7%
2024 · €9,372
Working capital
€101,268▲ 8.6%
2024 · €93,214
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€3.2m▲ 7.9%€2.0m▼ 36.1%€1.9m▼ 8.0%€838,689▼ 54.9%
Operating result€67,165▲ 16.3%€137,522▲ 105%€27,684▼ 79.9%€24,783▼ 10.5%€55,126▲ 122%
Net result€27,184within the sector's middle half▼ 23.7%€64,186within the sector's middle half▲ 136%€11,392within the sector's middle half▼ 82.3%€9,372within the sector's middle half▼ 17.7%€3,590within the sector's middle half▼ 61.7%
EBIT margin2.1%▲ 0.2pp6.8%▲ 4.7pp1.5%▼ 5.3pp3.0%▲ 1.5pp
Equity€23,455below the sector's middle half▼ 58.3%€87,641within the sector's middle half▲ 274%€99,033within the sector's middle half▲ 13.0%€108,405within the sector's middle half▲ 9.5%€111,995below the sector's middle half▲ 3.3%
Total assets€963,493within the sector's middle half▲ 14.4%€958,138within the sector's middle half▼ 0.6%€1.2mwithin the sector's middle half▲ 25.1%€1.2mwithin the sector's middle half▲ 1.5%€551,416within the sector's middle half▼ 54.7%
Debt€940,038▲ 19.6%€870,497▼ 7.4%€1.1m▲ 26.3%€1.1m▲ 0.7%€439,421▼ 60.3%
Working capital-€28,116below the sector's middle half€47,459within the sector's middle half€84,077within the sector's middle half▲ 77.2%€93,214within the sector's middle half▲ 10.9%€101,268within the sector's middle half▲ 8.6%
Solvency2.4%below the sector's middle half▼ 4.2pp9.1%below the sector's middle half▲ 6.7pp8.3%below the sector's middle half▼ 0.9pp8.9%below the sector's middle half▲ 0.7pp20.3%below the sector's middle half▲ 11.4pp
Current ratio0.97below the sector's middle half▼ 0.051.06below the sector's middle half▲ 0.091.08below the sector's middle half▲ 0.021.08below the sector's middle half▲ 0.011.23within the sector's middle half▲ 0.15
Return on assets (ROA)2.8%within the sector's middle half▼ 1.4pp6.7%within the sector's middle half▲ 3.9pp1.0%within the sector's middle half▼ 5.7pp0.8%within the sector's middle half▼ 0.2pp0.7%within the sector's middle half▼ 0.1pp
Staff (FTE)1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=3below the sector's middle half▲ 200%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 122% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €551,416
Fixed assets
€10,727 ▼ 29.4%
Current assets
€540,689 ▼ 55.0%
Equity and liabilities €551,416
Equity
€111,995 ▲ 3.3%
Debt
€439,421 ▼ 60.3%
Debt's share of the balance-sheet total falls from 91.1% to 79.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59,590▲
2024 · €38,371
Cash flow
€8,054▼
2024 · €22,960
Debt to equity
3.92▼
2024 · 10.22
ROE
3.2%▼
2024 · 8.6%
Interest coverage
1.16▼
2024 · 3.76
Debt ≤ 1 year
€439,421▼
2024 · €1.1m
Staff costs
€66,395▲
2024 · €46,516
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 4,504 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €3.2m | €2.0m | €1.9m | €838,689 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €1.8m | €1.8m | €657,590 | - | - |
| Remuneration, social security and pensions62 | - | €17,114 | €32,694 | €46,516 | €66,395 | ▲ 42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,263 | €57,244 | €19,594 | €13,588 | €4,464 | ▼ 67.1% |
| Other operating charges640/8 | - | €5,996 | €10,799 | €96,212 | €22,518 | ▼ 76.6% |
| Gross operating margin9900 | €152,209 | €217,876 | €90,771 | €181,100 | €148,503 | ▼ 18.0% |
| Operating profit (loss)9901 | €67,165 | €137,522 | €27,684 | €24,783 | €55,126 | ▲ 122% |
| Financial income75/76B | - | €2,191 | €0 | - | - | - |
| Recurring financial income75 | - | €2,191 | €0 | - | - | - |
| Non-recurring financial income76B | - | €2,191 | €0 | - | - | - |
| Financial charges65/66B | - | €49,095 | €8,262 | €10,204 | €51,536 | ▲ 405% |
| Recurring financial charges65 | €29,293 | €47,421 | €3,909 | €10,204 | €51,536 | ▲ 405% |
| Non-recurring financial charges66B | - | €1,673 | €4,352 | - | - | - |
| Profit (loss) for the period before taxes9903 | €37,872 | €90,619 | €19,422 | €14,579 | €3,590 | ▼ 75.4% |
| Income taxes67/77 | €10,688 | €26,433 | €8,030 | €5,207 | - | - |
| Profit (loss) for the period9904 | €27,184 | €64,186 | €11,392 | €9,372 | €3,590 | ▼ 61.7% |
| Profit (loss) for the period to be appropriated9905 | €27,184 | €64,186 | €11,392 | €9,372 | €3,590 | ▼ 61.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €963,493 | €958,138 | €1.2m | €1.2m | €551,416 | ▼ 54.7% |
| Fixed assets21/28 | €144,602 | €82,484 | €28,779 | €15,191 | €10,727 | ▼ 29.4% |
| Tangible fixed assets22/27 | €142,802 | €80,684 | €26,979 | €13,391 | €8,927 | ▼ 33.3% |
| Plant, machinery and equipment23 | - | €308 | - | - | - | - |
| Furniture and vehicles24 | - | €80,376 | €26,979 | €13,391 | €8,927 | ▼ 33.3% |
| Financial fixed assets28 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | = |
| Current assets29/58 | €818,891 | €875,654 | €1.2m | €1.2m | €540,689 | ▼ 55.0% |
| Amounts receivable after more than one year29 | - | €60,000 | €60,000 | - | - | - |
| Other amounts receivable291 | - | €60,000 | €60,000 | - | - | - |
| Amounts receivable within one year40/41 | €726,406 | €788,973 | €1.1m | €1.2m | €522,257 | ▼ 55.5% |
| Trade receivables40 | - | €466,859 | €355,359 | €262,095 | €34,080 | ▼ 87.0% |
| Other amounts receivable41 | - | €322,114 | €733,609 | €911,042 | €488,177 | ▼ 46.4% |
| Cash at bank and in hand54/58 | €31,896 | €26,681 | €21,085 | €28,021 | €18,432 | ▼ 34.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €963,493 | €958,138 | €1.2m | €1.2m | €551,416 | ▼ 54.7% |
| Equity10/15 | €23,455 | €87,641 | €99,033 | €108,405 | €111,995 | ▲ 3.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | - | €18,600 | - |
| Issued capital100 | - | - | - | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Profit (loss) carried forward14 | €2,995 | €67,181 | €78,573 | €87,945 | €91,535 | ▲ 4.1% |
| Amounts payable17/49 | €940,038 | €870,497 | €1.1m | €1.1m | €439,421 | ▼ 60.3% |
| Amounts payable after more than one year17 | €93,031 | €42,302 | €13,823 | - | - | - |
| Financial debts170/4 | - | €42,302 | €13,823 | - | - | - |
| Amounts payable within one year42/48 | €847,007 | €828,195 | €1.1m | €1.1m | €439,421 | ▼ 60.3% |
| Current portion of amounts payable after more than one year42 | - | €86,678 | €49,671 | €25,935 | €7,867 | ▼ 69.7% |
| Financial debts43 | - | €4,992 | - | - | - | - |
| Credit institutions430/8 | - | €4,992 | - | - | - | - |
| Trade debts44 | €666,575 | €651,247 | €1.0m | €1.0m | €369,645 | ▼ 63.1% |
| Suppliers440/4 | - | €637,931 | €724,490 | €852,612 | €285,967 | ▼ 66.5% |
| Bills of exchange payable441 | - | €13,316 | €288,605 | €149,230 | €83,678 | ▼ 43.9% |
| Taxes, remuneration and social security45 | - | €85,278 | €23,210 | €37,838 | €14,879 | ▼ 60.7% |
| Taxes450/3 | - | €55,515 | €22,040 | €15,776 | €5,206 | ▼ 67.0% |
| Remuneration and social security454/9 | - | €29,763 | €1,170 | €22,061 | €9,673 | ▼ 56.2% |
| Other amounts payable47/48 | - | - | - | €42,330 | €47,030 | ▲ 11.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,184 | €64,186 | €11,392 | €9,372 | €3,590 | ▼ 61.7% |
| + Depreciation and write-downs630 | €62,263 | €57,244 | €19,594 | €13,588 | €4,464 | ▼ 67.1% |
| Operating cash flow (approximation) | €89,447 | €121,430 | €30,986 | €22,960 | €8,054 | ▼ 64.9% |
| Investment in fixed assets (approximation) | - | €4,874 | €34,111 | €0 | €0 | - |
| Change in cash | - | -€5,215 | -€5,596 | €6,935 | -€9,589 | ▼ 238% |
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
10-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 163 days late
2025
31-01
Financial
Weakest financial yearnet €3,590 ▼61.7%
Net result drops to €3,590, the lowest in the series.
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
31-01
Financial
Equity above €100,000Eq €108,405 ▲9.5%
6 profitable years in a row build equity to €108,405.
2023
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 32 days late
2022
01-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 62 days late
31-01
Financial
Highest result since 2019net €64,186 ▲136%
Operating result €137,522, net result €64,186, both a record.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 58 days late
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 73 days late
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2016
Ground area
376 m²
Building footprint
321 m²
Volume, LiDAR
3,219 m³
2 parcels, Brussels · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Solide Construction
since 20162.253.463.418
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0016/00T003 | Brussels | 226 m² | 1 · 226 m² | 17.4 m · 3 fl. |
| 21816C0005/00K010 | Brussels | 150 m² | 1 · 95 m² | 17.5 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,219 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-06-2016
Fiscal year end31-01
Activities, NACEBEL 2025
43990Other specialised construction activities
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0655889848
Also
9925:BE0655889848
Registered
16-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.