Equity
€134,646 from €290,910 in 2015
Equity fell by 54% in 10 years.
SOLINE
Lifetime
19 annual accounts with figures on one time axis, 36 filings since 1989peak €51,266 (2012)
-€26,918▼ €44,026
lowest -€42,553 (2025)
-€42,553▼ €44,258
peak €290,910 (2015)
€134,646▼ 24.0%
€127,592▲ 43.3%
Board3 names since 2018
2 directorsJoëlle ROBERT and 1 other
Documentsfilings and deeds
02-07-202629 days before the deadline
2025abbreviated format
Gross margin from €17,108 to -€26,918Loss of €42,5531 director resigning, 2 reappointments 12-05Equity from €177,200 to €134,646Debts from €89,021 to €127,592
Key points
from the 2025 annual accountsFilings
36 annual accounts since 1989
Four of the last ten came late. The 2019 accounts came latest: 94 days after the end of the period.
Position in the sector
-€42,553
Lower net result than 85% of companies in creative and performing arts. Sector median €12,519 · 649 companies.
Turnover not published (abbreviated or micro format)
Checked score
92
Excellent
Financially stronger than 37% of micro companies in creative and performing arts (NACE 90)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,433 companies (NACE 90, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025lowest value
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Loss of €42,553 (financial year 2025)
lowers risk
Liquidity: current ratio 1.58, cash €141,360
Size: total assets €262,238
Sector: Arts creation and performing arts activities (NACE 90)
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 90, micro). It does better than 53% of them on solvency, 65% on liquidity, 7% on profitability and 22% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as SOLINE has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SOLINE itself is lower: 0.1% within 12 months. It rests on far more data about SOLINE than the profile alone.
Test of the method
The method was tested on the 497,448 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 5,831 companies, not a prediction for SOLINE. 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.
Credit verdict
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.58 (2.26 in 2024), above the usual 1.5. Short-term debt is 48.7% and cash 53.9% of total assets. 48.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 filingsDeviation from the deadline
2025
29 days early
2024
17 days early
2023
27 days early
2022
17 days early
2021
9 days late
2020
8 days early
2019
94 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% 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 14 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0434520309
1 director resigning, 2 reappointments
Reappointments: Luc COLLIN and Joëlle ROBERT · Resignation: COLLIN Xavier · Director discharge: COLLIN Xavier · General meeting of 13-02-2025 · Gazette deed
3 directors reappointed
Luc COLLIN (managing director), Joelle ROBERT and Xavier COLLIN · General meeting of 01-03-2018 · Gazette deed
First establishment
Rue de Herve 4470, Liège
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOLINE Liège | €262,238 | -€26,918 | 51.3% | - |
| Sunny Side Up Conseils La Bruyère | €225,055 | -€36,042 | -0.6% | - |
| TIMING Lochristi | €304,800 | -€8,613 | 99.2% | - |
| DECO-Service Oosterzele | €283,970 | -€38,011 | 92.0% | - |
| HM Hove | €175,464 | €1,726 | 77.9% | - |
| PUMP IT UP Herentals | €201,339 | -€13,841 | 48.2% | - |
| JORTA Antwerp | €201,356 | -€18,330 | 92.5% | - |
These companies have the same main activity as SOLINE: performing arts by independent artists (NACE 90201). They are comparable in size and age: total assets between €175,000 and €305,000, founded between 1987 and 2003.
Official details
Source: KBO- Status
- Active since 01-06-1988Normal situation
- Activity
- Performing arts by independent artistsNACE 90201
- Establishment unit
- 2.038.944.1564030 Liège, since 01-02-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 02-10-2025
Annual accounts 2025
- €262,238▼ 1.5%
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on SOLINE
SOLINE files the abbreviated format. That format states no turnover. The gross margin fell from €20,889 in 2007 to -€26,918 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SOLINE
- What is the company number of SOLINE?
- The company number of SOLINE is 0434.520.309. The VAT number is the same number with BE in front: BE 0434.520.309.
- Where is SOLINE based?
- The registered office is at Rue de Herve 440, 4030 Liège.Company details
- What does SOLINE do?
- According to the KBO register, the main activity is performing arts by independent artists (NACE 90201).
- What is the legal form of SOLINE?
- SOLINE is a public limited company (NV).
- When was SOLINE founded?
- SOLINE was founded on 01-06-1988.
- Is SOLINE still active?
- Yes, SOLINE is an active enterprise in the KBO register.
- What is the turnover of SOLINE?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is SOLINE profitable?
- In financial year 2025, SOLINE made a loss of €42,553.
- Where can I find the annual accounts of SOLINE?
- SOLINE filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOLINE due?
- SOLINE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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