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SOLIDUS SOLUTIONS BELGIUM

Active
Private limited companyfounded 2015active for 11 yearsIndustrieweg 17, 2320 Hoogstraten, BelgiumKBO/BCE: BE 0598.881.958
Summary

SOLIDUS SOLUTIONS BELGIUM has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.9m and a net result of €1.4m. Equity is growing by about 8.9% per year across the filed financial years. Its solvency ranks better than 21% of 381 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28950Manufacture of paper and paper products NACE 17210
3rd largest company by total assets in Hoogstraten, Manufacturing sector1 site
Size
€60.8mturnover 2025
Staff
119.8 FTE
Equity
€10.9m
Profit
€1.4m
Financial health
66 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Structure
Parent
Solidus Solutions North Group Holdings BV · 100%
Accounts 29 days early2 of 22 deeds read
Why 66raises riskLiquidity: current ratio 0.71, cash €143,9461 of the last 3 lateEquity €10.9m (20.2% of total assets)lowers riskFounded in 2015Show the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 37% of its sector peers (NACE 28, medium-sized)
Financial strength · tick = 2024
Weak
Solvency 45-7
equity 20.2% of total assets
Liquidity 30-8
short-term debt 42.4% · cash 0.3%
Profitability 63+7
return on assets 2.5%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (101 companies, NACE 28, medium-sized)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.3%▲ +0.1 percentage points vs 08-2025 10-2025: 0.6%▲ +0.3 percentage points vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 1.1%▲ +0.5 percentage points vs 11-2025highest value 01-2026: 1.1%● unchanged vs 12-2025highest value 02-2026: 1.1%● unchanged vs 01-2026 03-2026: 1.0%▼ -0.1 percentage points vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 1.0%● unchanged vs 06-2026 08-2026: 0.9%▼ -0.1 percentage points vs 07-2026 09-2026: 0.9%● unchanged vs 08-2026 10-2026: 0.9%● unchanged vs 09-2026
Credit of up to €700,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.71, compared with 1.01 in 2024, below 1; short-term debt: 42.4% and cash: 0.3% of total assets), and 79.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 28, medium-sized): better than 30% on solvency, 30% on liquidity, 54% on profitability and 33% on growth.

The bankruptcy probability was computed on 12-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.71, cash €143,946
NBB · annual accounts
raises risk · 1 of the last 3 late
NBB · filings
lowers risk · Founded in 2015
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Equity €10.9m (20.2% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 381 sector peers (2025).
NBB · sector comparison
Position among 381 sector peers
Solvency
better than 21%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 days early
2024
98 days late
2023
37 days early
2022
47 days early
2021
37 days early
2020
37 days early
2019
35 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 18 days before the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
13-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Resignation: Thierry Sneyers (managing director)Gazette deed
  3. Annual accounts filedfinancial year 2024 · full…

Financials · financial year 2025, full format

Source amounts without an identifiable currency are assumed to be EUR.

Turnover
€60.8m▲ 1.1%
2024 · €60.2m
EBIT margin
1.0%▼ 3.2pp
2024 · 4.2%
Net result
€1.4m▼ 24.3%
2024 · €1.8m
Working capital
-€6.5m
2024 · €87,933
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 75% below 2024 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€60.8m 2025 Operating result€0.6m 2025 Net result€1.4m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 28, Manufacture of machinery and equipment not elsewhere classified: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€55.4m-€50.4m▼ 9.0%€40.1m▼ 20.3%€46.9m▲ 16.9%€76.0m▲ 61.9%€60.6m▼ 20.2%€60.2m▼ 0.7%€60.8m▲ 1.1%
Operating result-€2.3m-€1.6m€1.4m▼ 7.6%€1.9m▲ 32.2%€1.9m▲ 0.1%€2.1m▲ 9.4%€2.5m▲ 21.8%€0.6m▼ 75.0%
Net result-€3.1m-€1.1m€0.7mabove the sector's middle half▼ 39.1%€1.3mabove the sector's middle half▲ 99.6%€0.9mwithin the sector's middle half▼ 35.3%€0.7mwithin the sector's middle half▼ 15.8%€1.8mabove the sector's middle half▲ 150%€1.4mabove the sector's middle half▼ 24.3%
EBIT margin-4.2%-3.1%▲ 7.3pp3.6%▲ 0.5pp4.0%▲ 0.5pp2.5%▼ 1.5pp3.4%▲ 0.9pp4.2%▲ 0.8pp1.0%▼ 3.2pp
Equity€7.0m-€8.1m▲ 15.4%€8.8mabove the sector's middle half▲ 8.1%€10.1mabove the sector's middle half▲ 15.0%€11.0mabove the sector's middle half▲ 8.4%€11.7mabove the sector's middle half▲ 6.6%€13.5mabove the sector's middle half▲ 15.4%€10.9mabove the sector's middle half▼ 19.5%
Total assets€46.2m-€40.6m▼ 12.0%€40.7mabove the sector's middle half▲ 0.2%€37.3mabove the sector's middle half▼ 8.4%€37.5mabove the sector's middle half▲ 0.7%€40.4mabove the sector's middle half▲ 7.7%€50.1mabove the sector's middle half▲ 23.8%€53.7mabove the sector's middle half▲ 7.2%
Debt€41.8m-€32.0m▼ 23.4%€31.5m▼ 1.6%€26.8m▼ 14.9%€26.2m▼ 2.5%€28.3m▲ 8.2%€36.1m▲ 27.5%€42.6m▲ 18.0%
Working capital€8.9m-€17.0m▲ 92.0%€17.5mabove the sector's middle half▲ 2.7%€14.8mabove the sector's middle half▼ 15.0%€11.6mabove the sector's middle half▼ 21.7%€12.1mabove the sector's middle half▲ 3.9%€0.09mbelow the sector's middle half▼ 99.3%-€6.5mbelow the sector's middle half
Solvency15.3%-20.0%▲ 4.8pp21.6%below the sector's middle half▲ 1.6pp27.1%within the sector's middle half▲ 5.5pp29.2%within the sector's middle half▲ 2.1pp28.9%within the sector's middle half▼ 0.3pp27.0%within the sector's middle half▼ 2.0pp20.2%below the sector's middle half▼ 6.7pp
Current ratio1.52-4.01▲ 2.483.70above the sector's middle half▼ 0.313.26above the sector's middle half▼ 0.432.63above the sector's middle half▼ 0.632.16within the sector's middle half▼ 0.471.01below the sector's middle half▼ 1.160.71below the sector's middle half▼ 0.29
Return on assets (ROA)-6.7%-2.7%▲ 9.4pp1.6%within the sector's middle half▼ 1.1pp3.5%within the sector's middle half▲ 1.9pp2.3%within the sector's middle half▼ 1.3pp1.8%within the sector's middle half▼ 0.5pp3.6%within the sector's middle half▲ 1.8pp2.5%within the sector's middle half▼ 1.1pp
Staff (FTE)123.4-124▲ 0.5%116.1above the sector's middle half▼ 6.4%110.3above the sector's middle half▼ 5.0%118.1above the sector's middle half▲ 7.1%120.3above the sector's middle half▲ 1.9%116.9above the sector's middle half▼ 2.8%119.8above the sector's middle half▲ 2.5%
above within below the middle half of NACE 28, Manufacture of machinery and equipment not elsewhere classified: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53.7m
Fixed assets €37.5m ▲ 5.7%
Current assets €16.2m ▲ 10.9%
Equity and liabilities €53.7m
Equity €10.9m ▼ 19.5%
Provisions €233,667 ▼ 50.3%
Debt €42.6m ▲ 18.0%
Debt's share of the balance-sheet total rises from 72.1% to 79.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€3.6m▼
2024 · €4.5m
Cash flow
€4.3m▲
2024 · €3.8m
Quick ratio
0.34▼
2024 · 0.53
Debt to equity
3.92▲
2024 · 2.67
ROE
12.5%▼
2024 · 13.3%
Interest coverage
9.13▲
2024 · 4.25
Debt ≤ 1 year
€22.7m▲
2024 · €14.5m
Debt > 1 year
€14.4m▼
2024 · €15.7m
Income taxes
€451,295▼
2024 · €604,562
Staff costs
€9.7m▲
2024 · €9.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 290 companies that looked in July 2024 the way this one looks now, 0.0% went bankrupt within 24 months and 96.9% are still going.

  • Medium-sized
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
0.0% went bankrupt
3.1% stopped otherwise
96.9% still going

For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 290 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 81 lines
Balance sheet Code20242025
Assets
Total assets20/58€50.1m€53.7m▲
Fixed assets21/28€35.4m€37.5m▲
Intangible fixed assets21€0.02m€0.02m▼
Tangible fixed assets22/27€24.2m€23.9m▼
Land and buildings22€1.2m€1.1m▼
Plant, machinery and equipment23€6.0m€5.7m▼
Leasing and similar rights25€17.0m€17.1m▲
Assets under construction and advance payments27€0.02m€0▼
Financial fixed assets28€11.2m€13.5m▲
Affiliated companies280/1€11.2m€13.5m▲
Amounts receivable281€11.2m€13.5m▲
Other financial fixed assets284/8€300€0.02m▲
Amounts receivable and cash guarantees285/8€300€0.02m▲
Current assets29/58€14.6m€16.2m▲
Stocks and contracts in progress3€7.0m€8.4m▲
Stocks30/36€7.0m€8.4m▲
Raw materials and consumables30/31€3.1m€4.3m▲
Work in progress32€0.2m€0.2m▲
Finished goods33€3.7m€3.9m▲
Amounts receivable within one year40/41€7.4m€7.1m▼
Trade receivables40€1.3m€0.8m▼
Other amounts receivable41€6.1m€6.3m▲
Cash at bank and in hand54/58€0.05m€0.1m▲
Deferred charges and accrued income490/1€0.2m€0.5m▲
Equity and liabilities
Total equity and liabilities10/49€50.1m€53.7m▲
Equity10/15€13.5m€10.9m▼
Contributions10/11€9.4m€9.4m=
Profit (loss) carried forward14€4.1m€1.4m▼
Provisions and deferred taxes16€0.5m€0.2m▼
Provisions for liabilities and charges160/5€0.5m€0.2m▼
Pensions and similar obligations160€0.5m€0.2m▼
Amounts payable17/49€36.1m€42.6m▲
Amounts payable after more than one year17€15.7m€14.4m▼
Financial debts170/4€15.7m€14.4m▼
Leasing and similar obligations172€15.7m€14.4m▼
Amounts payable within one year42/48€14.5m€22.7m▲
Current portion of amounts payable after more than one year42€1.7m€1.7m▼
Financial debts43€2.6m€0▼
Credit institutions430/8€2.6m€0▼
Trade debts44€3.7m€4.6m▲
Suppliers440/4€3.7m€4.6m▲
Taxes, remuneration and social security45€2.6m€3.2m▲
Taxes450/3€0.8m€1.3m▲
Remuneration and social security454/9€1.8m€1.8m▲
Other amounts payable47/48€3.9m€13.2m▲
Accrued charges and deferred income492/3€5.9m€5.4m▼
Income statement Code20242025
Operating income70/76A€68.1m€69.1m▲
Turnover70€60.2m€60.8m▲
Other operating income74€7.5m€7.8m▲
Non-recurring operating income76A€0.5m€0.5m▼
Operating charges60/66A€65.6m€68.5m▲
Goods for resale, raw materials and consumables60€43.6m€44.2m▲
Purchases600/8€45.1m€45.8m▲
Change in stocks: decrease (increase)609-€1.5m-€1.5m▼
Services and other goods61€10.3m€11.5m▲
Remuneration, social security and pensions62€9.2m€9.7m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.0m€3.0m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.2m€0.08m▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€0.04m-€0.2m▼
Other operating charges640/8€0.3m€0.3m▲
Non-recurring operating charges66A-€1
Operating profit (loss)9901€2.5m€0.6m▼
Financial income75/76B€1.6m€1.8m▲
Recurring financial income75€1.6m€1.8m▲
Income from financial fixed assets750€1.0m€1.8m▲
Other financial income752/9€0.5m€0.01m▼
Financial charges65/66B€1.7m€0.6m▼
Recurring financial charges65€1.7m€0.6m▼
Debt charges650€1.1m€0.4m▼
Other financial charges652/9€0.6m€0.3m▼
Profit (loss) for the period before taxes9903€2.4m€1.8m▼
Income taxes67/77€0.6m€0.5m▼
Taxes670/3€0.7m€0.5m▼
Tax adjustments and reversals of tax provisions77€0.08m€0.09m▲
Profit (loss) for the period9904€1.8m€1.4m▼
Profit (loss) for the period to be appropriated9905€1.8m€1.4m▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.1m€5.4m▲
Profit (loss) brought forward from the previous period14P€2.3m€4.1m▲
Profit to be distributed694/7-€4.0m
Return on contributions (dividend)694-€4.0m
Social balance sheet
Average headcount (FTE)9087116.9119.8▲

The notes to these accounts (86 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Operating income70/76A---€53.1m€78.0m€65.5m€68.1m€69.1m▲ 1.4%
Turnover70€55.4m€50.4m€40.1m€46.9m€76.0m€60.6m€60.2m€60.8m▲ 1.1%
Other operating income74---€5.7m€1.5m€4.4m€7.5m€7.8m▲ 4.2%
Non-recurring operating income76A---€0.5m€0.5m€0.5m€0.5m€0.5m▼ 3.9%
Operating charges60/66A---€51.2m€76.1m€63.4m€65.6m€68.5m▲ 4.4%
Goods for resale, raw materials and consumables60---€33.5m€54.9m€40.8m€43.6m€44.2m▲ 1.3%
Purchases600/8---€35.7m€55.2m€40.9m€45.1m€45.8m▲ 1.4%
Change in stocks: decrease (increase)609----€2.2m-€0.3m-€0.03m-€1.5m-€1.5m▼ 4.0%
Services and other goods61---€8.3m€10.8m€11.4m€10.3m€11.5m▲ 11.9%
Remuneration, social security and pensions62---€7.4m€8.6m€9.0m€9.2m€9.7m▲ 5.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.3m€1.5m€1.8m€1.7m€1.6m€1.8m€2.0m€3.0m▲ 50.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€0.06m-€0.1m€0.05m€0.2m€0.08m▼ 65.1%
Provisions for liabilities and charges: additions (uses and reversals)635/8----€0.05m€0.07m€0.02m€0.04m-€0.2m-
Other operating charges640/8---€0.2m€0.2m€0.3m€0.3m€0.3m▲ 1.9%
Non-recurring operating charges66A---€0.07m€0--€1-
Operating profit (loss)9901-€2.3m€1.6m€1.4m€1.9m€1.9m€2.1m€2.5m€0.6m▼ 75.0%
Financial income75/76B---€0.09m€0.04m€0.4m€1.6m€1.8m▲ 15.9%
Recurring financial income75€0.2m€0.4m€0.1m€0.09m€0.04m€0.4m€1.6m€1.8m▲ 15.9%
Income from financial fixed assets750------€1.0m€1.8m▲ 75.7%
Income from current assets751---€0-----
Other financial income752/9---€0.09m€0.04m€0.4m€0.5m€0.01m▼ 97.8%
Financial charges65/66B---€0.6m€0.8m€1.4m€1.7m€0.6m▼ 62.1%
Recurring financial charges65€0.9m€0.9m€0.9m€0.6m€0.8m€1.4m€1.7m€0.6m▼ 62.1%
Debt charges650€0.5m€0.7m€0.7m€0.5m€0.4m€0.7m€1.1m€0.4m▼ 62.7%
Other financial charges652/9---€0.1m€0.4m€0.7m€0.6m€0.3m▼ 61.0%
Profit (loss) for the period before taxes9903-€3.1m€1.1m€0.7m€1.4m€1.1m€1.1m€2.4m€1.8m▼ 24.6%
Income taxes67/77€0€0.05m€0.01m€0.04m€0.2m€0.4m€0.6m€0.5m▼ 25.4%
Taxes670/3---€0.04m€0.2m€0.4m€0.7m€0.5m▼ 21.4%
Tax adjustments and reversals of tax provisions77-----€0.02m€0.08m€0.09m▲ 7.3%
Profit (loss) for the period9904-€3.1m€1.1m€0.7m€1.3m€0.9m€0.7m€1.8m€1.4m▼ 24.3%
Profit (loss) for the period to be appropriated9905-€3.1m€1.1m€0.7m€1.3m€0.9m€0.7m€1.8m€1.4m▼ 24.3%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€46.2m€40.6m€40.7m€37.3m€37.5m€40.4m€50.1m€53.7m▲ 7.2%
Formation expenses20€0--------
Fixed assets21/28€20.4m€17.9m€16.8m€15.9m€18.8m€18.0m€35.4m€37.5m▲ 5.7%
Intangible fixed assets21€0.5m€0.2m€0.05m€0.01m€0.01m€0.03m€0.02m€0.02m▼ 34.5%
Tangible fixed assets22/27€19.9m€17.8m€16.7m€15.9m€18.7m€17.9m€24.2m€23.9m▼ 1.1%
Land and buildings22---€0.02m€0.1m€0.7m€1.2m€1.1m▼ 8.2%
Plant, machinery and equipment23---€3.1m€3.4m€6.5m€6.0m€5.7m▼ 5.5%
Leasing and similar rights25---€12.3m€11.5m€10.7m€17.0m€17.1m▲ 1.1%
Assets under construction and advance payments27---€0.4m€3.8m€0€0.02m€0▼ 100%
Financial fixed assets28----€0.06m€0.04m€11.2m€13.5m▲ 20.4%
Affiliated companies280/1------€11.2m€13.5m▲ 20.3%
Amounts receivable281------€11.2m€13.5m▲ 20.3%
Other financial fixed assets284/8----€0.06m€0.04m€300€0.02m▲ 5,200%
Amounts receivable and cash guarantees285/8----€0.06m€0.04m€300€0.02m▲ 5,200%
Current assets29/58€25.8m€22.7m€23.9m€21.4m€18.7m€22.5m€14.6m€16.2m▲ 10.9%
Stocks and contracts in progress3€5.8m€5.1m€3.2m€5.3m€5.7m€5.7m€7.0m€8.4m▲ 20.9%
Stocks30/36---€5.3m€5.7m€5.7m€7.0m€8.4m▲ 20.9%
Raw materials and consumables30/31---€1.9m€1.9m€2.7m€3.1m€4.3m▲ 39.7%
Work in progress32---€0.5m€0.4m€0.4m€0.2m€0.2m▲ 12.6%
Finished goods33---€2.9m€3.5m€2.6m€3.7m€3.9m▲ 5.4%
Amounts receivable within one year40/41€21.0m€17.4m€9.2m€6.8m€2.7m€5.2m€7.4m€7.1m▼ 4.0%
Trade receivables40---€1.9m€2.0m€1.4m€1.3m€0.8m▼ 34.1%
Other amounts receivable41---€4.9m€0.7m€3.8m€6.1m€6.3m▲ 2.2%
Cash at bank and in hand54/58€0.01m€0€11.3m€9.3m€10.2m€11.4m€0.05m€0.1m▲ 200%
Deferred charges and accrued income490/1---€0.06m€0.2m€0.1m€0.2m€0.5m▲ 177%
Equity and liabilities
Total equity and liabilities10/49€46.2m€40.6m€40.7m€37.3m€37.5m€40.4m€50.1m€53.7m▲ 7.2%
Equity10/15€7.0m€8.1m€8.8m€10.1m€11.0m€11.7m€13.5m€10.9m▼ 19.5%
Contributions10/11€9.4m€9.4m-€9.4m€9.4m€9.4m€9.4m€9.4m=
Profit (loss) carried forward14-€3.1m-€1.3m-€0.6m€0.7m€1.6m€2.3m€4.1m€1.4m▼ 64.8%
Provisions and deferred taxes16€0.2m€0.4m€0.4m€0.3m€0.4m€0.4m€0.5m€0.2m▼ 50.3%
Provisions for liabilities and charges160/5---€0.3m€0.4m€0.4m€0.5m€0.2m▼ 50.3%
Pensions and similar obligations160---€0.3m€0.4m€0.4m€0.5m€0.2m▼ 50.3%
Amounts payable17/49€41.8m€32.0m€31.5m€26.8m€26.2m€28.3m€36.1m€42.6m▲ 18.0%
Amounts payable after more than one year17€15.5m€18.0m€17.2m€12.9m€12.2m€11.5m€15.7m€14.4m▼ 7.9%
Financial debts170/4---€12.9m€12.2m€11.5m€15.7m€14.4m▼ 7.9%
Leasing and similar obligations172---€12.9m€12.2m€11.5m€15.7m€14.4m▼ 7.9%
Other loans174---€0-----
Amounts payable within one year42/48€16.9m€5.7m€6.5m€6.6m€7.1m€10.4m€14.5m€22.7m▲ 56.4%
Current portion of amounts payable after more than one year42---€0.8m€0.7m€0.6m€1.7m€1.7m▼ 2.2%
Financial debts43---€0-€2.4m€2.6m€0▼ 100%
Credit institutions430/8---€0-€2.4m€2.6m€0▼ 100%
Trade debts44€14.6m€3.4m€3.7m€4.1m€4.2m€4.8m€3.7m€4.6m▲ 25.2%
Suppliers440/4---€4.1m€4.2m€4.8m€3.7m€4.6m▲ 25.2%
Taxes, remuneration and social security45---€1.7m€2.2m€2.5m€2.6m€3.2m▲ 21.7%
Taxes450/3---€0.09m€0.4m€0.8m€0.8m€1.3m▲ 66.4%
Remuneration and social security454/9---€1.6m€1.8m€1.7m€1.8m€1.8m▲ 2.1%
Other amounts payable47/48------€3.9m€13.2m▲ 242%
Accrued charges and deferred income492/3---€7.3m€6.9m€6.4m€5.9m€5.4m▼ 8.2%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€3.1m€1.1m€0.7m€1.3m€0.9m€0.7m€1.8m€1.4m▼ 24.3%
+ Depreciation and write-downs630€1.3m€1.5m€1.8m€1.7m€1.6m€1.8m€2.0m€3.0m▲ 50.4%
Operating cash flow (approximation)-€1.7m€2.6m€2.4m€3.0m€2.5m€2.5m€3.8m€4.3m▲ 14.8%
Investment in fixed assets (approximation)-€0.9m-€0.6m-€0.8m-€4.5m-€0.9m-€19.4m-€5.0m▲ 74.3%
Change in cash--€0.01m€11.3m-€2.0m€0.9m€1.2m-€11.4m€0.1m-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 11 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 02-07-2026 2026-00250835
31-12-2024 full format 06-11-2025 2025-00564140
31-12-2023 full format 24-06-2024 2024-00198480
31-12-2022 full format 14-06-2023 2023-00133294
31-12-2021 full format 24-06-2022 2022-20101126
31-12-2020 full format 24-06-2021 2021-28100589
31-12-2019 full format 26-06-2020 2020-21800128
31-12-2018 full format 18-07-2019 2019-35300176
31-12-2017 full format 09-07-2018 2018-31200371
31-12-2016 full format 31-07-2017 2017-39400561

Show all 11 filings

Similar companies · same sector, comparable size

Of the 7 active companies whose main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28950), figures are known for 5. 1 is within a factor 10 of this equity. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 11 entries · €44,898 awarded · €44,898 paid
Year Entries AwardedPaid
2025 2 €3,184€3,698
2024 2 €3,408€3,794
2023 4 €22,224€22,610
2022 3 €16,082€14,796
Schemes
4 entries · €25,244 · €25,244 paid · Departement Werk en Sociale Economie
2 entries · €14,273 · €14,273 paid · Departement Werk en Sociale Economie
1 entry · €4,095 · €4,095 paid · Departement Werk en Sociale Economie
4 entries · €1,286 · €1,286 paid · Pendelfonds

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, last change in 2026
Jan-Willem Kleppers
Director · since 10-09-2025
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
20 of this company's 22 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

2 people since 2025, 1 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Jan-Willem Kleppers
  • Director, from 10-09-2025 to date
Thierry Sneyers
  • Managing director, until 03-04-2026
See the board, name and registered office on a given date →

Owners and capital

Owners

3 owners

Chain of control

  1. Solidus Solutions Holding B.V.NL consolidates
  2. Solidus Solutions Group B.V.NL consolidates
  3. Solidus Solutions North Group Holdings BVNL 100%
  4. SOLIDUS SOLUTIONS BELGIUM

Highest known parent: Solidus Solutions Holding B.V. (Netherlands). The sources do not say who stands above it.

Owners 3

According to the 2025 annual accounts of SOLIDUS SOLUTIONS BELGIUM and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

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History

SOLIDUS SOLUTIONS BELGIUM was incorporated on 23 February 2015.1 Turnover went from €55.4m in 2018 to €60.8m in 2025 and headcount from 123 to 120 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
02-07
NBB filing Annual accounts filed
financial year 2025 · full format
07-05
Gazette deed Resignation: Thierry Sneyers (managing director)
2 facts ▸
  • General meeting, 03-04-2026
  • Director resignation, Thierry Sneyers (managing director)
2025
06-11
NBB filing Annual accounts filed
financial year 2024 · full format · 98 days late
24-10
Gazette deed Appointment: Jan-Willem Kleppers (director)
3 facts ▸
  • General meeting, 10-09-2025
  • Director appointment, Jan-Willem Kleppers (director)
  • Other provision, “publicatienummer”, 25135901 (deed in Dutch)
2024
31-12
Financial Highest result from 2018 to 2025net €1.8m ▲150%
Operating result €2.5m, net result €1.8m, both a record.
24-06
NBB filing Annual accounts filed
financial year 2023 · full format
2023
14-06
NBB filing Annual accounts filed
financial year 2022 · full format
2022
24-06
NBB filing Annual accounts filed
financial year 2021 · full format
2021
31-12
Financial Equity above €10mequity €10.1m ▲15%
3 profitable years in a row build equity to €10.1m.
24-06
NBB filing Annual accounts filed
financial year 2020 · full format
2020
26-06
NBB filing Annual accounts filed
financial year 2019 · full format
2019
31-12
Financial Back to profitnet €1.1m
Net result €1.1m after one loss-making year.
Show earlier events
31-12
Financial Liquidity more than doubledcurrent ratio 4.01
Current ratio from 1.52 to 4.01; short-term debt falls from €16.9m to €5.7m.
18-07
NBB filing Annual accounts filed
financial year 2018 · full format
2018
09-07
NBB filing Annual accounts filed
financial year 2017 · full format
2017
31-07
NBB filing Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 11 annual accounts filed, the latest 10 are here; all 11 are under Financials.
2 of 22 deeds read
About the unread acts

Of the 22 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 20 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded23-02-2015
Financial year end31-12
Activities, NACEBEL 2025
17210Manufacture of paper and paper products
28950Manufacture of machinery and equipment not elsewhere classified
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0598881958
Also 9925:BE0598881958
Registered 22-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 13 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Hoogstratenunit no. 2.242.727.201
1 permission
Fabrikant verpakkingsmateriaal · since 25-04-2015

Environmental permits

1 application in Flanders since 2025 · 1 granted
Bouwen of herbouwen; Een grond gebruiken, aanleggen of inrichten; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen
Granted on 24-09-2026submitted 17-06-2025authority: Provincie Antwerpenproject 2024163482

Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Hoogstraten · 1 establishment unit since 2015
registered office establishment The establishment unit on the map
Ground area
5.9 ha
Building footprint
3.1 ha
Building volume
204,537 m³
Parcel 13014F0034/00G002, Flanders · tallest building 8.9 m. Linked by address, not a title deed.
1 establishment unit
Solidus Solutions Belgium BVBA
Industrieweg 17, 2320 HoogstratenManufacture of paper and paper products
since 2015unit no. 2.242.727.201
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
13014F0034/00G002 Flanders 5.9 ha 1 · 3.1 ha 8.8 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.