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SOLINO

Active
Private limited companyfounded 20215 yrs activeBekkerzeelstraat 11, 1700 Dilbeek, BelgiumKBO/BCE: BE 0772.326.470
Summary

The computed 12-month bankruptcy probability of SOLINO is 2.1% (moderate). The 2024 annual accounts show equity of €241,336 and a net result of €198,529. Equity is growing by ~291.4% per year across the filed fiscal years. Its solvency ranks better than 48% of 9974 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency65▼-13
Growth85=
Track record94
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.9 in 2023; short-term debt: 59.5% and cash: 36.4% of total assets), and 59.5% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-05-2025, 73 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2024
73 d early
2023
2 d early
2022
3 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 26 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
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

On 5 August 2021, SOLINO was incorporated as a Private limited company.1 Total assets went from EUR 36,384 in 2022 to EUR 596,113 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€114,277▲ 26.1%
2022 · €90,658
EBIT margin
24.5%▲ 2.0pp
2022 · 22.5%
Net result
€198,529▲ 883%
2023 · €20,194
Working capital
€144,794▲ 373%
2023 · €30,595
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Turnover€90,658-€114,277▲ 26.1%
Operating result€20,372-€28,004▲ 37.5%€265,278▲ 847%
Net result€13,613within the sector's middle half-€20,194within the sector's middle half▲ 48.3%€198,529above the sector's middle half▲ 883%
EBIT margin22.5%-24.5%▲ 2.0pp
Equity€18,113within the sector's middle half-€38,307within the sector's middle half▲ 111%€241,336above the sector's middle half▲ 530%
Total assets€36,384below the sector's middle half-€72,462within the sector's middle half▲ 99.2%€596,113above the sector's middle half▲ 723%
Debt€18,271-€34,155▲ 86.9%€354,776▲ 939%
Working capital€7,319-€30,595▲ 318%€144,794▲ 373%
Solvency49.8%within the sector's middle half-52.9%within the sector's middle half▲ 3.1pp40.5%within the sector's middle half▼ 12.4pp
Staff (FTE)1
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
  • 2024 Net result +883% on 2023. This fiscal year ran 13 months, the previous one 12.
Result per fiscal year
Operating resultNet result
€0€100,000€200,000€300,000Operating result 2022: €20,372€20,372Net result 2022: €13,613€13,613Operating result 2023: €28,004€28,004Net result 2023: €20,194€20,194Operating result 2024: €265,278€265,278Net result 2024: €198,529€198,529202220232024€0€100,000€200,000€300,000Operating result 2022: €20,372€20,400Net result 2022: €13,613€13,600Operating result 2023: €28,004€28,000Net result 2023: €20,194€20,200Operating result 2024: €265,278€265,000Net result 2024: €198,529€199,000202220232024
The operating result has risen two years in a row; 2024 is 847% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €596,113
Fixed assets €96,542 ▲ 1,138%
Current assets €499,570 ▲ 673%
Equity and liabilities €596,113
Equity €241,336 ▲ 530%
Debt €354,776 ▲ 939%
Debt's share of the balance-sheet total rises from 47.1% to 59.5%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€277,886▲
2023 · €30,997
Cash flow
€211,137▲
2023 · €23,188
Current ratio
1.41▼
2023 · 1.90
Quick ratio
1.30▼
2023 · 1.90
Debt to equity
1.47▲
2023 · 0.89
ROE
82.3%▲
2023 · 52.7%
ROA
33.3%▲
2023 · 27.9%
Interest coverage
817.72▲
2023 · 94.76
Debt ≤ 1 year
€354,776▲
2023 · €34,067
Income taxes
€66,409▲
2023 · €7,482
Staff costs
€6,243
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
3.4% stopped otherwise
95% still going

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

For this company itself Checked computes a higher bankruptcy probability: 2.1% 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 497,662 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 26,970 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 · 2024 against 2023 · 43 lines
Balance sheet Code20232024
Assets
Total assets20/58€72,462€596,113▲
Fixed assets21/28€7,800€96,542▲
Tangible fixed assets22/27€7,800€94,288▲
Plant, machinery and equipment23-€2,281
Furniture and vehicles24€7,800€92,007▲
Financial fixed assets28-€2,254
Current assets29/58€64,662€499,570▲
Stocks and contracts in progress3-€37,026
Contracts in progress37-€37,026
Amounts receivable within one year40/41€52,725€234,419▲
Trade receivables40€52,014€207,289▲
Other amounts receivable41€711€27,130▲
Cash at bank and in hand54/58€11,937€216,813▲
Deferred charges and accrued income490/1-€11,312
Equity and liabilities
Total equity and liabilities10/49€72,462€596,113▲
Equity10/15€38,307€241,336▲
Contributions10/11€4,500€9,000▲
Profit (loss) carried forward14€33,807€232,336▲
Amounts payable17/49€34,155€354,776▲
Amounts payable within one year42/48€34,067€354,776▲
Trade debts44€21,045€207,510▲
Suppliers440/4€21,032€207,510▲
Bills of exchange payable441€12-
Taxes, remuneration and social security45€12,744€67,267▲
Taxes450/3€12,744€66,408▲
Remuneration and social security454/9-€858
Other amounts payable47/48€278€80,000▲
Accrued charges and deferred income492/3€88-
Income statement Code20232024
Turnover70€114,277-
Goods, raw materials, services and sundry goods60/61€81,882-
Remuneration, social security and pensions62-€6,243
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,994€12,608▲
Other operating charges640/8€1,397€1,302▼
Gross operating margin9900€32,394€285,430▲
Operating profit (loss)9901€28,004€265,278▲
Financial charges65/66B€327€340▲
Recurring financial charges65€327€340▲
Profit (loss) for the period before taxes9903€27,676€264,938▲
Income taxes67/77€7,482€66,409▲
Profit (loss) for the period9904€20,194€198,529▲
Profit (loss) for the period to be appropriated9905€20,194€198,529▲
Appropriation of the result
Profit (loss) to be appropriated9906€33,807€232,336▲
Profit (loss) brought forward from the previous period14P€13,613€33,807▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Turnover70€90,658€114,277--
Goods, raw materials, services and sundry goods60/61€68,223€81,882--
Remuneration, social security and pensions62--€6,243-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€499€2,994€12,608▲ 321%
Other operating charges640/8€1,564€1,397€1,302▼ 6.8%
Gross operating margin9900€22,435€32,394€285,430▲ 781%
Operating profit (loss)9901€20,372€28,004€265,278▲ 847%
Financial charges65/66B€1,497€327€340▲ 3.9%
Recurring financial charges65€1,497€327€340▲ 3.9%
Profit (loss) for the period before taxes9903€18,875€27,676€264,938▲ 857%
Income taxes67/77€5,262€7,482€66,409▲ 788%
Profit (loss) for the period9904€13,613€20,194€198,529▲ 883%
Profit (loss) for the period to be appropriated9905€13,613€20,194€198,529▲ 883%
Line202220232024Change
Assets
Total assets20/58€36,384€72,462€596,113▲ 723%
Fixed assets21/28€10,794€7,800€96,542▲ 1,138%
Tangible fixed assets22/27€10,794€7,800€94,288▲ 1,109%
Plant, machinery and equipment23--€2,281-
Furniture and vehicles24€10,794€7,800€92,007▲ 1,080%
Financial fixed assets28--€2,254-
Current assets29/58€25,590€64,662€499,570▲ 673%
Stocks and contracts in progress3--€37,026-
Contracts in progress37--€37,026-
Amounts receivable within one year40/41€24,840€52,725€234,419▲ 345%
Trade receivables40€21,004€52,014€207,289▲ 299%
Other amounts receivable41€3,836€711€27,130▲ 3,717%
Cash at bank and in hand54/58€750€11,937€216,813▲ 1,716%
Deferred charges and accrued income490/1--€11,312-
Equity and liabilities
Total equity and liabilities10/49€36,384€72,462€596,113▲ 723%
Equity10/15€18,113€38,307€241,336▲ 530%
Contributions10/11€4,500€4,500€9,000▲ 100%
Profit (loss) carried forward14€13,613€33,807€232,336▲ 587%
Amounts payable17/49€18,271€34,155€354,776▲ 939%
Amounts payable within one year42/48€18,271€34,067€354,776▲ 941%
Trade debts44€3,881€21,045€207,510▲ 886%
Suppliers440/4€3,440€21,032€207,510▲ 887%
Bills of exchange payable441€441€12--
Taxes, remuneration and social security45€8,862€12,744€67,267▲ 428%
Taxes450/3€5,262€12,744€66,408▲ 421%
Remuneration and social security454/9€3,600-€858-
Other amounts payable47/48€5,528€278€80,000▲ 28,723%
Accrued charges and deferred income492/3-€88--
Line202220232024Change
Profit (loss) for the period9904€13,613€20,194€198,529▲ 883%
+ Depreciation and write-downs630€499€2,994€12,608▲ 321%
Operating cash flow (approximation)€14,112€23,188€211,137▲ 811%
Investment in fixed assets (approximation)-€0-€101,350-
Change in cash-€11,187€204,876▲ 1,731%

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

2025
19-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2022net €198,529 ▲883%
Operating result €265,278, net result €198,529, both a record.
31-12
Financial Equity above €200,000Eq €241,336 ▲530%
3 profitable years in a row build equity to €241,336.
28-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
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, Dilbeek · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1,101 m²
Building footprint
580 m²
Volume, LiDAR
2,915 m³
Parcel 23079A0477/00D000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SOLINO
Bekkerzeelstraat 11, 1700 DilbeekGeneral construction of buildings
since 20212.320.314.234
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23079A0477/00D000 Flanders 1,101 m² 1 · 580 m² 10.2 m · 2 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.

Public money · subsidies and aid

Flemish government

2024 to 2025 · 2 entries · 85 EUR awarded · 85 EUR paid
Year Entries awardedpaid
2025 1 40 EUR40 EUR
2024 1 45 EUR45 EUR
Schemes
2 entries · 85 EUR · 85 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 11,613 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded05-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43110Demolition
43120Site preparation
43230Insulation installation
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:0772326470
Also 9925:BE0772326470
Registered 09-04-2026

Register as of 27 September 2026 · Peppol Directory

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