Solidum Construct
ActiveSolidum Construct has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €84k and a net result of €-23k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 18% of 9692 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency13▼-4
Growth52▼-26
Stability94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity tight (current ratio 1.02 against 1.08 in 2023), and 97.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
2.3%
Return on assets
-0.6%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9692 sector peers (2024).
NBB · sector comparisonPosition among 9692 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
13 d early
2021
18 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€84k▼ 21.3%
2023 · €107k
2021: €58k
2022: €72k
2023: €107k
2021 → 2024
Total assets
€3.73M▲ 143%
2023 · €1.54M
2021: €2.66M
2022: €3.74M
2023: €1.54M
2021 → 2024
Net result
€-23k
2023 · €235k
2021: €8k
2022: €14k
2023: €235k
2021 → 2024
Working capital
€84k▼ 21.6%
2023 · €108k
2021: €58k
2022: €72k
2023: €108k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€58k-€72k▲ 23.7%€107k▲ 48.5%€84k▼ 21.3%
Operating result€-10k-€-7k▲ 26.5%€238k€-23k
Net result€8k-€14k▲ 64.8%€235k▲ 1,597%€-23k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €23k after €238k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €3.73M
Equity
€84k▼ 21.3%
Debt
€3.64M▲ 155%
The debt ratio rises from 93.0% to 97.7%: debt grows while equity shrinks.
Key figures and ratios
Solvency
2.3%▼
2023 · 7.0%
Current ratio
1.02▼
2023 · 1.08
Quick ratio
0.10▼
2023 · 0.34
Debt / equity
43.13▲
2023 · 13.31
ROE
-27.0%▼
2023 · 219.1%
ROA
-0.6%▼
2023 · 15.3%
Debt
€3.64M▲
2023 · €1.43M
Debt ≤ 1 year
€3.64M▲
2023 · €1.43M
Income taxes
€0▼
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.54M€3.73M▲
Current assets29/58€1.54M€3.73M▲
Stocks and contracts in progress3€1.05M€3.35M▲
Stocks30/36€1.05M€3.35M▲
Amounts receivable within one year40/41€455k€198k▼
Trade receivables40€443k€149k▼
Other amounts receivable41€12k€49k▲
Cash at bank and in hand54/58€25k€181k▲
Deferred charges and accrued income490/1€3k€0▼
Equity and liabilities
Total equity and liabilities10/49€1.54M€3.73M▲
Equity10/15€107k€84k▼
Contributions10/11€50k€50k=
Profit (loss) carried forward14€57k€34k▼
Amounts payable17/49€1.43M€3.64M▲
Amounts payable within one year42/48€1.43M€3.64M▲
Financial debts43€0€1.81M▲
Credit institutions430/8€0€1.81M▲
Trade debts44€370k€243k▼
Suppliers440/4€370k€243k▼
Advances received on contracts in progress46€611k€1.22M▲
Taxes, remuneration and social security45€12k€12k=
Taxes450/3€12k€12k=
Other amounts payable47/48€434k€360k▼
Accrued charges and deferred income492/3€453€0▼
Income statement
Code20232024
Other operating charges640/8€115€713▲
Gross operating margin9900€238k€-22k▼
Operating profit (loss)9901€238k€-23k▼
Financial income75/76B€22k€0▼
Recurring financial income75€22k€0▼
Financial charges65/66B€13k€0▼
Recurring financial charges65€13k€0▼
Profit (loss) for the period before taxes9903€247k€-23k▼
Income taxes67/77€12k€0▼
Profit (loss) for the period9904€235k€-23k▼
Profit (loss) for the period to be appropriated9905€235k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€257k€34k▼
Profit (loss) brought forward from the previous period14P€22k€57k▲
Profit to be distributed694/7€200k€0▼
Directors or managers695€200k€0▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-23k ▼110%
Net result drops to €-23k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2021net €235k ▲1597%
Operating result €238k, net result €235k, both a record.
31-12
Financial
Equity above €100kEq €107k ▲48.5%
3 profitable years in a row build equity to €107k.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Poperinge · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Casselstraat 298970 PoperingeGround area
120 m²
Building footprint
118 m²
Volume, LiDAR
745 m³
Parcel 33021F0832/00L000, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Solidum Construct
since 20202.309.608.206
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33021F0832/00L000 | Flanders | 120 m² | 1 · 118 m² | 12.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,635 companies in sector 68121 we hold annual accounts for 7,328. 5,227 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-2020
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
41001General construction of residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
68311Real estate activities
71111Activities of building architects
71122Land surveying
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesE-mail:filip@art-of-building.be
E-mail:lien@karuregroup.be
Phone:0486/646708
Phone:057/364864