Checked.be
Active
BE 0887.250.387Private limited company
SOLIDFOG TECHNOLOGIES
Rue du Puits Saint Martin 23 ·5330 Assesse, Belgium· 19 yrs active
Sector: Machining of metals
(25530)
Conclusion
SOLIDFOG TECHNOLOGIES has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.35M and a net result of €149k. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 656 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €1.35M |
| Net result | €149k |
| Staff (FTE) | 19.3 |
| Better than sector | 73% |
Financial profile
80
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
55
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2007, 19 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
93
/ 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
€130k
estimate, not credit advice
Score history
86
2022
81
2023
94
2024
93
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.52 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.27 (≥ 1.0)
+5
Leverage
Debt/equity 0.53 (< 1.0)
+10
Profitability
ROE 11% (≥ 10%)
+10
Interest coverage
Interest coverage 3.7× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 18-12-2025 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~11.2%/year over 4 fiscal years, indicative, assuming unchanged policy.
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 2025 · NACE 25, Manufacture of fabricated metal products, except machinery and equipment · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 65.5% | 46.7% | |
| Net result | €149k | €80k | |
| Equity | €1.35M | €1.21M | |
| Gross operating margin | €1.75M | €719k | |
| Staff costs | €1.30M | €1.06M |
€435k
-11.1%
22-25
€149k
-29.9%
22-25
€264k
-19.9%
22-25
€2.06M
-14.7%
22-25
€1.35M
+12.4%
22-25
€1.08M
+25.7%
22-25
19
-0.5%
22-25
€1.30M
+0.2%
22-25
€68k
-25.6%
22-25
€0
-100.0%
22-25
€712k
-41.4%
22-25
€712k
-41.4%
22-25
2.52
+47.5%
22-25
2.27
+41.6%
22-25
65.5%
+31.8%
22-25
0.53
-47.9%
22-25
11.1%
-37.7%
22-25
7.2%
-17.9%
22-25
3.68
-39.0%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €435k | €490k | €362k | €367k |
| Net profit | €149k | €213k | €111k | €153k |
| Cash flow | €264k | €330k | €202k | €204k |
| Staff costs | €1.30M | €1.30M | €1.07M | €715k |
| Income taxes | €68k | €91k | €53k | €75k |
| Dividends | €0 | €75k | €50k | €165k |
| Total assets | €2.06M | €2.41M | €2.38M | €2.24M |
| Equity | €1.35M | €1.20M | €1.06M | €1.01M |
| Debt | €712k | €1.21M | €1.32M | €1.23M |
| of which ≤ 1y | €712k | €1.21M | €1.32M | €1.23M |
| of which > 1y | - | - | - | - |
| Working capital | €1.08M | €861k | €656k | €799k |
| Employees (FTE) | 19.3 | 19.4 | 18.4 | 13.1 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 2.52 | 1.71 | 1.50 | 1.65 |
| Quick ratio | 2.27 | 1.60 | 1.42 | 1.59 |
| Working capital ratio | 52.6% | 35.7% | 27.5% | 35.6% |
| Solvency | 65.5% | 49.7% | 44.5% | 45.2% |
| Debt / equity | 0.53 | 1.01 | 1.25 | 1.21 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 3.68 | 6.04 | 3.37 | 4.16 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 7.2% | 8.8% | 4.6% | 6.8% |
| ROE | 11.1% | 17.8% | 10.4% | 15.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €2.06M | €2.41M | €2.38M | €2.24M |
| Fixed assets | 21/28 | €266k | €338k | €405k | €213k |
| Tangible fixed assets | 22/27 | €247k | €319k | €386k | €194k |
| Financial fixed assets | 28 | €19k | €19k | €19k | €19k |
| Current assets | 29/58 | €1.79M | €2.08M | €1.98M | €2.03M |
| Stocks & contracts in progress | 3 | €178k | €128k | €95k | €80k |
| Amounts receivable within one year | 40/41 | €396k | €522k | €565k | €331k |
| Investments | 50/53 | €0 | €300k | - | - |
| Cash & bank | 54/58 | €1.20M | €1.09M | €1.30M | €1.60M |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.06M | €2.41M | €2.38M | €2.24M |
| Equity | 10/15 | €1.35M | €1.20M | €1.06M | €1.01M |
| Contributions / capital | 10/11 | €37k | €37k | €37k | €37k |
| Reserves | 13 | €311k | €311k | €386k | €386k |
| Accumulated profits (losses) | 14 | €1.00M | €851k | €638k | €590k |
| Amounts payable | 17/49 | €712k | €1.21M | €1.32M | €1.23M |
| Amounts payable within one year | 42/48 | €712k | €1.21M | €1.32M | €1.23M |
| Trade debts payable within one year | 44 | €110k | €147k | €183k | €222k |
| Income statement | |||||
| Gross operating margin | 9900 | €1.75M | €1.80M | €1.45M | €1.11M |
| Operating result | 9901 | €320k | €373k | €270k | €316k |
| Financial income | 75 | €15k | €13k | €346 | €965 |
| Financial charges | 65 | €118k | €81k | €107k | €88k |
| Result before taxes | 9903 | €217k | €304k | €163k | €229k |
| Income taxes | 67/77 | €68k | €91k | €53k | €75k |
| Net result for the period | 9904 | €149k | €213k | €111k | €153k |
| Result to be appropriated | 9905 | €149k | €213k | €111k | €153k |
Legal Structure
| NACE primary | Machining of metals(25530) |
| Legal form | Private limited company(610) |
| Incorporation | 12-02-2007 |
| Status | Active |
| Postal code | 5330 |
Establishment units
SOLIDFOG ASSESSE
since 20072.160.530.686
SOLIDFOG CINEY
since 20102.185.656.260
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91030B0205/00_000 | Wallonia | 2,379 m² | - | - |
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Highest result since 2022net €213k ▲92.5%
Operating result €373k, net result €213k, both a record.
23-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Weakest financial yearnet €111k ▼27.8%
Net result drops to €111k, the lowest in the series; recovery starts the following year.
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
06-12
NBB filing
Annual accounts filed
fiscal year 2016 · 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 5 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
Machining of metals25530Manufacture of machinery and equipment not elsewhere classified2829328520Agents in non-specialised wholesale trade46190
Names & trade names
| Legal nameFR | SOLIDFOG TECHNOLOGIES |
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