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SOLINE

Active
Public limited companyfounded 199035 yrs activeChaussée de Namur 13, 5170 Profondeville, BelgiumKBO/BCE: BE 0442.215.773
Summary

SOLINE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,335 and a net result of €2,565. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability74▲+5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
cash: 12.6% of total assets, and 0% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
100%
Return on assets
4.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 10 filings
Deviation from the deadline
2025
21 d late
2024
41 d early
2023
68 d late
2022
70 d late
2021
5 d early
2020
24 d late
2019
24 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 16 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SOLINE was incorporated on 17 October 1990.1 Total assets went from EUR 65,762 in 2019 to EUR 62,335 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€0▼ 100%
2019 · €9,842
EBIT margin
-25.4%
Net result
€2,565
2024 · -€112
Working capital
-€149,194▼ 36.4%
2022 · -€109,408
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
Turnover€0
Operating result€854€4,830▲ 466%-€695-€55▲ 92.1%€2,610
Net result€719€4,785▲ 566%-€740-€112▲ 84.9%€2,565
EBIT margin
Equity-€38,861▲ 1.8%-€64,589▼ 66.2%-€90,118▼ 39.5%€59,770€62,335▲ 4.3%
Total assets€60,834▼ 2.5%€62,901▲ 3.4%€62,063▼ 1.3%€59,770▼ 3.7%€62,335▲ 4.3%
Debt€99,695▼ 2.3%€127,490▲ 27.9%€152,181▲ 19.4%€0▼ 100%
Working capital-€85,730▲ 3.1%-€109,408▼ 27.6%-€149,194▼ 36.4%
Result per fiscal year
Operating resultNet result
-€2,000€0€2,000€4,000Operating result 2021: €854€854Net result 2021: €719€719Operating result 2022: €4,830€4,830Net result 2022: €4,785€4,785Operating result 2023: -€695-€695Net result 2023: -€740-€740Operating result 2024: -€55-€55Net result 2024: -€112-€112Operating result 2025: €2,610€2,610Net result 2025: €2,565€2,56520212022202320242025-€1,000€0€1,000€2,000€3,000Operating result 2023: -€695-€695Net result 2023: -€740-€740Operating result 2024: -€55-€55Net result 2024: -€112-€112Operating result 2025: €2,610€2,610Net result 2025: €2,565€2,570202320242025
The operating result returns to profit in 2025: €2,610 after a loss of €55 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62,335
Fixed assets €52,206 ▼ 6.0%
Current assets €10,129 ▲ 139%
Key figures and ratios
2025 value · change against 2024
EBITDA
€5,931▲
2024 · €3,493
Cash flow
€5,886▲
2024 · €3,436
Solvency
100.0%=
2024 · 100.0%
ROE
4.1%▲
2024 · -0.2%
ROA
4.1%▲
2024 · -0.2%
Interest coverage
131.80▲
2024 · 61.28
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€59,770€62,335▲
Fixed assets21/28€55,528€52,206▼
Tangible fixed assets22/27€55,528€52,206▼
Land and buildings22€48,184€46,080▼
Plant, machinery and equipment23€7,344€6,126▼
Current assets29/58€4,242€10,129▲
Amounts receivable within one year40/41€193€2,259▲
Other amounts receivable41€193€2,259▲
Cash at bank and in hand54/58€4,049€7,870▲
Equity and liabilities
Total equity and liabilities10/49€59,770€62,335▲
Equity10/15€59,770€62,335▲
Contributions10/11€65,000€65,000=
Capital10€65,000€65,000=
Issued capital100€65,000€65,000=
Reserves13€13€13=
Non-distributable reserves130/1€13€13=
Legal reserve130€13€13=
Profit (loss) carried forward14-€5,243-€2,678▲
Amounts payable17/49€0-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,548€3,321▼
Other operating charges640/8€2,593€2,288▼
Gross operating margin9900€6,086€8,219▲
Operating profit (loss)9901-€55€2,610▲
Financial charges65/66B€57€45▼
Recurring financial charges65€57€45▼
Profit (loss) for the period before taxes9903-€112€2,565▲
Profit (loss) for the period9904-€112€2,565▲
Profit (loss) for the period to be appropriated9905-€112€2,565▲
Appropriation of the result
Profit (loss) to be appropriated9906-€121,230-€2,678▲
Profit (loss) brought forward from the previous period14P-€121,118-€5,243▲
Shareholders' contribution to the loss794€115,987-

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€0-----
Goods, raw materials, services and sundry goods60/61€0-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,049€2,049€2,680€3,548€3,321▼ 6.4%
Other operating charges640/8€1,442€1,480€2,018€2,593€2,288▼ 11.8%
Gross operating margin9900€4,345€8,360€4,003€6,086€8,219▲ 35.0%
Operating profit (loss)9901€854€4,830-€695-€55€2,610▲ 4,845%
Financial income75/76B-€0----
Recurring financial income75-€0----
Financial charges65/66B€135€45€45€57€45▼ 21.1%
Recurring financial charges65€135€45€45€57€45▼ 21.1%
Profit (loss) for the period before taxes9903€719€4,785-€740-€112€2,565▲ 2,390%
Profit (loss) for the period9904€719€4,785-€740-€112€2,565▲ 2,390%
Profit (loss) for the period to be appropriated9905€719€4,785-€740-€112€2,565▲ 2,390%
Line20212022202320242025Change
Assets
Total assets20/58€60,834€62,901€62,063€59,770€62,335▲ 4.3%
Fixed assets21/28€46,869€44,819€59,076€55,528€52,206▼ 6.0%
Tangible fixed assets22/27€46,869€44,819€59,076€55,528€52,206▼ 6.0%
Land and buildings22€43,331€42,177€50,288€48,184€46,080▼ 4.4%
Plant, machinery and equipment23€3,538€2,642€8,788€7,344€6,126▼ 16.6%
Current assets29/58€13,966€18,081€2,987€4,242€10,129▲ 139%
Amounts receivable within one year40/41---€193€2,259▲ 1,070%
Other amounts receivable41---€193€2,259▲ 1,070%
Cash at bank and in hand54/58€13,966€18,081€2,987€4,049€7,870▲ 94.4%
Equity and liabilities
Total equity and liabilities10/49€60,834€62,901€62,063€59,770€62,335▲ 4.3%
Equity10/15-€38,861-€64,589-€90,118€59,770€62,335▲ 4.3%
Contributions10/11€61,500€30,987€30,987€65,000€65,000=
Capital10€61,500€30,987€30,987€65,000€65,000=
Issued capital100€61,500€30,987€30,987€65,000€65,000=
Reserves13€24,802€24,802€13€13€13=
Non-distributable reserves130/1€13€13€13€13€13=
Legal reserve130€13€13€13€13€13=
Tax-exempt reserves132€24,789€24,789----
Profit (loss) carried forward14-€125,163-€120,378-€121,118-€5,243-€2,678▲ 48.9%
Amounts payable17/49€99,695€127,490€152,181€0--
Amounts payable within one year42/48€99,695€127,490€152,181---
Trade debts44€0-€3,254---
Suppliers440/4€0-€3,254---
Other amounts payable47/48€99,695€127,490€148,927---
Line20212022202320242025Change
Profit (loss) for the period9904€719€4,785-€740-€112€2,565▲ 2,390%
+ Depreciation and write-downs630€2,049€2,049€2,680€3,548€3,321▼ 6.4%
Operating cash flow (approximation)€2,768€6,835€1,940€3,436€5,886▲ 71.3%
Investment in fixed assets (approximation)-€0-€16,937€0€1-
Change in cash-€4,116-€15,094€1,062€3,821▲ 260%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
21-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 21 days late
2025
31-12
Financial Back to profitnet €2,565
Net result €2,565 after 2 loss-making years.
20-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
07-10
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 68 days late
2023
09-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial Highest result since 2019net €4,785 ▲566%
Operating result €4,830, net result €4,785, both a record.
26-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €719
Net result €719 after 2 loss-making years.
24-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
07-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
31-05
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
08-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 8 days late
2016
04-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
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, Profondeville · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
1,074 m²
Building footprint
93 m²
Volume, LiDAR
955 m³
Parcel 92101B0084/00B025, Wallonia · tallest building 11.7 m, ±4 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Chaussée de Namur 13, 5170 Profondeville
NACE 70201
since 19902.050.252.277
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92101B0084/00B025 Wallonia 1,074 m² 1 · 93 m² 11.7 m · 4 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded17-10-1990
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 28 September 2026 · Peppol Directory

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