SOLINE
ActiveSummary
SOLINE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135k and a net result of €-43k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 58% of 536 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-46
Solvency76▼-16
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 2.26 in 2024; short-term debt: 48.7% and cash: 53.9% of total assets), and 48.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
51.3%
Return on assets
-16.2%
Age of the figures
9 mo
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 d early
2024
17 d early
2023
27 d early
2022
17 d early
2021
9 d late
2020
8 d early
2019
94 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Equity
€135k▼ 24.0%
2024 · €177k
Total assets
€262k▼ 1.5%
2024 · €266k
Net result
€-43k
2024 · €2k
Working capital
€73k▼ 34.7%
2024 · €112k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-22k▲ 24.3%€14k€18k▲ 25.4%€6k▼ 64.8%€-36k
Net result€-22k▲ 17.0%€14k€15k▲ 8.5%€2k▼ 88.4%€-43k
Equity€147k▼ 12.8%€161k▲ 9.2%€175k▲ 9.1%€177k▲ 1.0%€135k▼ 24.0%
Total assets€153k▼ 12.6%€201k▲ 31.6%€233k▲ 15.6%€266k▲ 14.5%€262k▼ 1.5%
Debt€6k▼ 7.8%€40k▲ 607%€57k▲ 41.1%€89k▲ 55.9%€128k▲ 43.3%
Working capital€106k▼ 13.1%€117k▲ 10.8%€134k▲ 14.5%€112k▼ 16.1%€73k▼ 34.7%
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 2025: a loss of €36k after €6k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €262k
Fixed assets
€61k ▼ 5.4%
Current assets
€201k ▼ 0.2%
Equity and liabilities €262k
Equity
€135k ▼ 24.0%
Debt
€128k ▲ 43.3%
Debt's share of the balance-sheet total rises from 33.4% to 48.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-30k▼
2024 · €14k
Cash flow
€-36k▼
2024 · €9k
Current ratio
1.58▼
2024 · 2.26
Debt to equity
0.95▲
2024 · 0.50
ROE
-31.6%▼
2024 · 1.0%
ROA
-16.2%▼
2024 · 0.6%
Interest coverage
-5.10▼
2024 · 3.19
Debt ≤ 1 year
€128k▲
2024 · €89k
Income taxes
€281▲
2024 · €256
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €5k | €6k | €8k | €6k | ▼ 16.4% |
| Other operating charges640/8 | €3k | €3k | €3k | €3k | €3k | ▼ 3.9% |
| Gross operating margin9900 | €-13k | €22k | €28k | €17k | €-27k | ▼ 257% |
| Operating profit (loss)9901 | €-22k | €14k | €18k | €6k | €-36k | ▼ 686% |
| Financial income75/76B | €1k | - | €48 | €107 | €28 | ▼ 74.0% |
| Recurring financial income75 | €1k | - | €48 | €107 | €28 | ▼ 74.0% |
| Financial charges65/66B | €385 | €299 | €3k | €4k | €6k | ▲ 34.8% |
| Recurring financial charges65 | €385 | €299 | €3k | €4k | €6k | ▲ 34.8% |
| Profit (loss) for the period before taxes9903 | €-21k | €14k | €15k | €2k | €-42k | ▼ 2,256% |
| Income taxes67/77 | €218 | €218 | €261 | €256 | €281 | ▲ 9.9% |
| Profit (loss) for the period9904 | €-22k | €14k | €15k | €2k | €-43k | ▼ 2,597% |
| Profit (loss) for the period to be appropriated9905 | €-22k | €14k | €15k | €2k | €-43k | ▼ 2,597% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €153k | €201k | €233k | €266k | €262k | ▼ 1.5% |
| Fixed assets21/28 | €42k | €44k | €42k | €65k | €61k | ▼ 5.4% |
| Tangible fixed assets22/27 | €42k | €44k | €42k | €65k | €61k | ▼ 5.4% |
| Land and buildings22 | €35k | €31k | €30k | €53k | €48k | ▼ 9.2% |
| Plant, machinery and equipment23 | €840 | €4k | €4k | €3k | €3k | ▼ 13.0% |
| Furniture and vehicles24 | €5k | €9k | €8k | €8k | €10k | ▲ 22.0% |
| Current assets29/58 | €111k | €157k | €191k | €201k | €201k | ▼ 0.2% |
| Amounts receivable within one year40/41 | €71k | €52k | €57k | €61k | €58k | ▼ 4.6% |
| Trade receivables40 | €63k | €46k | €52k | €55k | €55k | ▼ 0.6% |
| Other amounts receivable41 | €8k | €6k | €6k | €6k | €3k | ▼ 44.2% |
| Cash at bank and in hand54/58 | €40k | €104k | €133k | €140k | €141k | ▲ 0.7% |
| Deferred charges and accrued income490/1 | - | €1k | €640 | €274 | €2k | ▲ 486% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €153k | €201k | €233k | €266k | €262k | ▼ 1.5% |
| Equity10/15 | €147k | €161k | €175k | €177k | €135k | ▼ 24.0% |
| Contributions10/11 | €99k | €99k | €99k | €99k | €99k | = |
| Capital10 | €99k | €99k | €99k | €99k | €99k | = |
| Issued capital100 | €99k | €99k | €99k | €99k | €99k | = |
| Reserves13 | €11k | €12k | €11k | €11k | €11k | = |
| Non-distributable reserves130/1 | €10k | €11k | €11k | €11k | €11k | = |
| Legal reserve130 | €10k | €11k | €11k | €11k | €11k | = |
| Distributable reserves133 | €997 | €997 | - | - | - | - |
| Profit (loss) carried forward14 | €37k | €50k | €66k | €67k | €25k | ▼ 63.1% |
| Amounts payable17/49 | €6k | €40k | €57k | €89k | €128k | ▲ 43.3% |
| Amounts payable within one year42/48 | €6k | €40k | €57k | €89k | €128k | ▲ 43.3% |
| Current portion of amounts payable after more than one year42 | €250 | - | - | - | - | - |
| Trade debts44 | €1k | €7k | €1k | €4k | €3k | ▼ 19.2% |
| Suppliers440/4 | €1k | €7k | €1k | €4k | €3k | ▼ 19.2% |
| Taxes, remuneration and social security45 | €4k | €7k | €4k | €5k | €9k | ▲ 92.9% |
| Taxes450/3 | €4k | €7k | €4k | €5k | €9k | ▲ 92.9% |
| Other amounts payable47/48 | - | €27k | €51k | €81k | €116k | ▲ 43.6% |
| Accrued charges and deferred income492/3 | - | €100 | €200 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €14k | €15k | €2k | €-43k | ▼ 2,597% |
| + Depreciation and write-downs630 | €6k | €5k | €6k | €8k | €6k | ▼ 16.4% |
| Operating cash flow (approximation) | €-16k | €19k | €21k | €9k | €-36k | ▼ 484% |
| Investment in fixed assets (approximation) | - | €-8k | €-4k | €-31k | €-3k | ▲ 90.5% |
| Change in cash | - | €64k | €29k | €7k | €953 | ▼ 87.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €15k ▲8.5%
Operating result €18k, net result €15k, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €14k
Net result €14k after 4 loss-making years.
31-12
Financial
Equity above €150kEq €161k ▲9.2%
Equity rises from €147k to €161k.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 94 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Liège · 1 establishment unit since 1994
Ground area
364 m²
Building footprint
120 m²
Volume, LiDAR
1,239 m³
2 parcels, Wallonia · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Herve 4470, 4030 Liège
since 19942.038.944.156
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62302B0359/00M000 | Wallonia | 224 m² | 1 · 76 m² | 12.9 m · 4 fl. |
| 62302B0149/00D002 | Wallonia | 140 m² | 1 · 44 m² | 9.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ACT
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O A D C
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IOGKI
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Of 8,315 companies in sector 90201 we hold annual accounts for 602. 475 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-06-1988
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
Scores and ratios are computed by Checked and are not a credit decision.