SOLIDEM
ActiveSummary
SOLIDEM has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8.2m and a net result of €250,923. Equity has been stable since 2018 (±1.3% per year). Its solvency ranks better than 93% of 4,796 sector peers (NACE 68, financial year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-09-2005 Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housing NACE 68201and 1 other
- Joint committee
- 323 Paritair Comité voor het beheer van gebouwen, de vastgoedmakelaars en de dienstboden · annual accounts 2021
- Establishment unit
- 2.149.553.850 4031 Liège, since 14-09-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 19-09-2025
Board and ownership
- Marie-France DEMARCHEManaging director
- Natacha LUYCKXDaily manager
- Jonathan LUYCKXDirector
- Holdings
- Shares in 1 company Parking Saint-Paul
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €775,179
- ▲ 3.4%
- Turnover
- ≈ €870,000
- estimated
- Profit
- €250,923
- ▼ 35.1%
- Equity
- €8.2m
- ▼ 5.3%
- Total assets
- €8.7m
- ▼ 1.8%
- Employees on 31-12-2024
- 2
- =
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed on 29-08-2025)lowers riskEquity €8.2m (94.4% of total assets)Founded in 2005Size: 2 FTE, total assets €8.7mShow the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 91% of them on solvency, 75% on liquidity, 64% on profitability and 34% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 210 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 2 November 2026.
Annual accounts 2024 filed on 27-08-2025 PDF all 19 filings
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is 9% higher than in 2023 and the highest since 2020. It is the second rise in a row, after the fall in 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2020 | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 4 | 2 | 2 | 2 |
| full-time | 2 | 2 | 2 | 2 | 2 |
| part-time | 2 | 2 | - | - | - |
| in full-time equivalents | 3.4 | 3.4 | 2 | 2 | 2 |
| Average over the year, in full-time equivalents | 3.4 | 3.4 | 3.2 | 2 | 2 |
| On a permanent contract | 4 | 4 | 2 | 2 | 2 |
| Joined | - | - | 0 | - | - |
| Left | - | - | 2 | - | - |
Source: social balance sheet in the 2020 to 2024 annual accounts
Investments
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Tangible fixed assets | €180,174 | €125,885 | €39,308 | €50,656 | €52,406 |
| Depreciation and write-downs of the year | €125,829 | €143,349 | €237,639 | €188,033 | €193,849 |
Source: notes to the 2020 to 2024 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as SOLIDEM: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €7.4m and €11m, founded between 1998 and 2010.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| SOLIDEM Liège | 2005 | €8.7m | €8.2m | €0.8m | €0.3m | 2 | 2024 |
| TEP III HOLDING Leuven | 2005 | €7.7m | €3.1m | €0.7m | €0.9m | 2 | 2025 |
| MDW PROJECTS Destelbergen | 2007 | €9.3m | €3.7m | €0.7m | €0.2m | 1.8 | 2025 |
| CORTIBEL Neupré | 2010 | €11.3m | €5.6m | €0.8m | €0.03m | 2.1 | 2025 |
| M. DE CLERCQ Watermaal-Bosvoorde | 1999 | €10.7m | €2.6m | €0.8m | €0.04m | 2 | 2025 |
| DISTRI-IMMO SA Virton | 1998 | €7.4m | €1.3m | €0.7m | €0.1m | 2 | 2025 |
| POMECON Dendermonde | 2006 | €9.3m | €5.3m | €0.5m | €0.009m | 2.4 | 2025 |
They were chosen from the 7,230 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 17,041 companies had the same profile as SOLIDEM has now. Two years later, 0.5% had gone bankrupt and 94.4% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOLIDEM itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for SOLIDEM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €27,944 | - |
| Remuneration, social security and pensions62 | - | €253,526 | €238,448 | €236,606 | €281,170 | €183,891 | €186,849 | ▲ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,135 | €53,462 | €125,829 | €143,349 | €237,639 | €188,033 | €193,849 | ▲ 3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €43,318 | - |
| Other operating charges640/8 | - | €87,841 | €105,857 | €109,811 | €202,654 | €139,304 | €126,413 | ▼ 9.3% |
| Non-recurring operating charges66A | - | - | €184 | €13,503 | €318,000 | €35,625 | €4,336 | ▼ 87.8% |
| Gross operating margin9900 | €496,907 | €558,947 | €635,518 | €611,235 | €713,066 | €749,431 | €775,179 | ▲ 3.4% |
| Operating profit (loss)9901 | €81,922 | €164,118 | €165,200 | €107,966 | -€326,396 | €202,578 | €220,412 | ▲ 8.8% |
| Financial income75/76B | - | €21,606 | €9,770 | €47,710 | €422,900 | €265,976 | €175,151 | ▼ 34.1% |
| Recurring financial income75 | €136,842 | €21,606 | €9,770 | €47,710 | €422,900 | €265,976 | €175,151 | ▼ 34.1% |
| Financial charges65/66B | - | €1,945 | €1,859 | €19,575 | €19,528 | €21,960 | €15,361 | ▼ 30.0% |
| Recurring financial charges65 | €18,194 | €1,945 | €1,859 | €19,575 | €19,528 | €21,960 | €15,361 | ▼ 30.0% |
| Profit (loss) for the period before taxes9903 | €200,570 | €183,779 | €173,111 | €136,101 | €76,975 | €446,595 | €380,201 | ▼ 14.9% |
| Transfer from deferred taxes780 | - | €5,455 | €5,455 | €5,455 | €5,455 | €5,455 | €5,455 | = |
| Income taxes67/77 | €47,422 | €57,500 | €57,844 | €40,863 | €182 | €65,571 | €134,734 | ▲ 105% |
| Profit (loss) for the period9904 | €158,603 | €131,734 | €120,722 | €100,693 | €82,249 | €386,479 | €250,923 | ▼ 35.1% |
| Transfer from tax-exempt reserves789 | - | €8,533 | €8,533 | €8,533 | €8,533 | €8,533 | €8,533 | = |
| Profit (loss) for the period to be appropriated9905 | €167,136 | €140,267 | €129,255 | €109,226 | €90,782 | €395,012 | €259,456 | ▼ 34.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €8.0m | €8.2m | €8.3m | €8.4m | €8.5m | €8.9m | €8.7m | ▼ 1.8% |
| Formation expenses20 | - | - | - | €0 | - | - | - | - |
| Fixed assets21/28 | €1.8m | €4.7m | €4.8m | €4.7m | €4.5m | €4.1m | €4.0m | ▼ 3.4% |
| Intangible fixed assets21 | - | - | - | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €1.0m | €3.9m | €3.9m | €3.9m | €3.7m | €3.3m | €3.2m | ▼ 4.3% |
| Land and buildings22 | - | €0.6m | €1.0m | €1.0m | €1.3m | €1.3m | €1.3m | ▼ 2.5% |
| Furniture and vehicles24 | - | €0.03m | €0.01m | €0.07m | €0.06m | €0.04m | €0.02m | ▼ 50.5% |
| Other tangible fixed assets26 | - | €0.3m | €2.9m | €2.8m | €2.3m | €2.0m | €1.9m | ▼ 4.6% |
| Assets under construction and advance payments27 | - | €2.9m | €0 | - | - | - | - | - |
| Financial fixed assets28 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Current assets29/58 | €6.2m | €3.5m | €3.6m | €3.7m | €4.0m | €4.8m | €4.7m | ▼ 0.5% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 11.1% |
| Stocks30/36 | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 11.1% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | €0.4m | €0.2m | ▼ 54.4% |
| Trade receivables40 | - | €0.3m | €0.3m | €0.3m | €0.05m | €0.07m | €0.06m | ▼ 10.5% |
| Other amounts receivable41 | - | €0.08m | €0.05m | €0.1m | €0.2m | €0.4m | €0.1m | ▼ 61.9% |
| Current investments50/53 | €3.8m | €2.3m | €2.3m | €2.3m | €2.1m | €2.6m | €3.3m | ▲ 28.9% |
| Cash at bank and in hand54/58 | €1.9m | €0.7m | €0.7m | €0.8m | €1.5m | €1.4m | €1.0m | ▼ 31.4% |
| Deferred charges and accrued income490/1 | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.1m | €0.06m | ▼ 45.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €8.0m | €8.2m | €8.3m | €8.4m | €8.5m | €8.9m | €8.7m | ▼ 1.8% |
| Equity10/15 | €7.9m | €8.1m | €8.2m | €8.3m | €8.4m | €8.7m | €8.2m | ▼ 5.3% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Issued capital100 | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €7.4m | €7.4m | €7.7m | €7.8m | €7.8m | €8.2m | €7.7m | ▼ 5.7% |
| Non-distributable reserves130/1 | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Legal reserve130 | - | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Reserves not available under the articles1311 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Other1319 | - | €0.2m | €0.2m | - | - | - | - | - |
| Tax-exempt reserves132 | - | €0.1m | €0.1m | €0.1m | €0.08m | €0.04m | €0.03m | ▼ 20.0% |
| Distributable reserves133 | - | €7.0m | €7.3m | €7.4m | €7.5m | €7.9m | €7.4m | ▼ 5.8% |
| Profit (loss) carried forward14 | - | €0.1m | €0 | €0 | - | - | - | - |
| Provisions and deferred taxes16 | - | - | - | - | - | €0.03m | €0.02m | ▼ 20.0% |
| Deferred taxes168 | - | - | - | - | - | €0.03m | €0.02m | ▼ 20.0% |
| Amounts payable17/49 | €0.07m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.5m | ▲ 188% |
| Amounts payable after more than one year17 | €0.02m | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | €0.03m | ▲ 7.1% |
| Other amounts payable178/9 | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | €0.03m | ▲ 7.1% |
| Amounts payable within one year42/48 | €0.06m | €0.2m | €0.1m | €0.1m | €0.1m | €0.08m | €0.3m | ▲ 303% |
| Financial debts43 | - | - | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - | - | - |
| Trade debts44 | €0.03m | €0.09m | €0.05m | €0.03m | €0.09m | €0.04m | €0.01m | ▼ 59.2% |
| Suppliers440/4 | - | €0.09m | €0.05m | €0.03m | €0.09m | €0.04m | €0.01m | ▼ 59.2% |
| Advances received on contracts in progress46 | - | - | - | - | - | €0.005m | €0.01m | ▲ 135% |
| Taxes, remuneration and social security45 | - | €0.02m | €0.03m | €0.07m | €0.03m | €0.02m | €0.05m | ▲ 125% |
| Taxes450/3 | - | €0.002m | €0.01m | €0.03m | €0.02m | €275 | €0.03m | ▲ 97× |
| Remuneration and social security454/9 | - | €0.02m | €0.02m | €0.03m | €0.02m | €0.02m | €0.02m | ▲ 1.7% |
| Other amounts payable47/48 | - | €0.05m | €0.05m | €0.05m | €0.02m | €0.02m | €0.3m | ▲ 13× |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.001m | €0.06m | €0.1m | ▲ 105% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.1m | €0.1m | €0.1m | €0.08m | €0.4m | €0.3m | ▼ 35.1% |
| + Depreciation and write-downs630 | €0.05m | €0.05m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 3.1% |
| Operating cash flow (approximation) | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.6m | €0.4m | ▼ 22.6% |
| Investment in fixed assets (approximation) | - | -€2.9m | -€0.2m | -€0.1m | -€0.04m | €0.2m | -€0.05m | - |
| Change in cash | - | -€1.2m | -€0.04m | €0.08m | €0.7m | -€0.03m | -€0.4m | ▼ 1,491% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 27-08-2025 | 2025-00439894 | |
| 31-12-2023 | full format | 23-08-2024 | 2024-00371714 | |
| 31-12-2022 | full format | 30-08-2023 | 2023-00402472 | |
| 31-12-2021 | full format | 17-10-2022 | 2022-20470838 | |
| 31-12-2020 | full format | 04-08-2022 | 2022-20277204 | |
| 31-12-2019 | full format | 04-08-2022 | 2022-20277723 | |
| 31-12-2018 | full format | 20-12-2019 | 2019-76800449 | |
| 31-12-2017 | full format | 17-12-2018 | 2018-75100472 | |
| 31-12-2016 | full format | 13-09-2017 | 2017-61100483 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-58800002 |
Board & ownership
Directors
Board 3
Day-to-day management 2
Owners and capital
Owners
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Jonathan LUYCKX |
|
| Marie-France DEMARCHE |
|
| Natacha LUYCKX |
|
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 2024Equity €5.5m Profit of €491,452 in 2024 (profit of €461,281 in 2023) Checked score 5725%
Connections & network
3 current directorsThe network starts from the directors of SOLIDEM. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
18-06
Gazette deed
Reappointments: Marie-France DEMARCHE, Natacha LUYCKX and Jonathan LUYCKXRegistered office clause8 points ▸
- Registered office clause, “Place Saint-Paul 3B - 4000 LIEGE” (deed in French)
- General meeting, 30-06-2025
- Other provision, “échéance des mandats du Conseil d'administration, Assemblée approuvant les comptes 2023” (deed in French)
- Other provision, “toutes décisions prises par le Conseil d'administration jusqu'à ce jour, ratification des décisions du Conseil d'administration” (deed in French)
- Director reappointment, Marie-France DEMARCHE (director)
- Director reappointment, Natacha LUYCKX (director)
- Director reappointment, Jonathan LUYCKX (director)
- Director reappointment, Marie-France DEMARCHE (administratrice déléguée)
30-12
Gazette deed
Appointment: Natacha LUYCKX (daily management delegate)Power of attorney3 points ▸
- Board meeting, 02-12-2025
- Director appointment, Natacha LUYCKX (daily management delegate)
- Power of attorney, Natacha LUYCKX
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Legal Entity Identifier
Sites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62826C0061/00D004 | Wallonia | 2,979 m² | 1 · 246 m² | 12.4 m · 2 |
| 62803A1527/00G000 | Wallonia | 2,283 m² | 1 · 690 m² | 27.7 m · 9 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.