SOLISPIR
ActiveSummary
SOLISPIR has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.81M and a net result of €49k. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 61% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-36
Solvency77▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity ample (current ratio 5.56 against 8.65 in 2024; short-term debt: 9.8% and cash: 3.2% of total assets), and 48.1% of the assets are financed with debt.
Credit check for your own amount and term
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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.9%
Return on assets
0.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 filingsDeviation from the deadline
2025
24 d late
2024
25 d late
2023
22 d late
2022
22 d late
2021
22 d late
2020
23 d late
2019
25 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€49k▼ 96.8%
2024 · €1.55M
2018: €93k
2019: €167k▲ +78.9% vs 2018
2020: €79k▼ -52.6% vs 2019
2021: €1.17M▲ +1378% vs 2020
2022: €-174k▼ -115% vs 2021lowest in 8 years
2023: €-66k▲ +62.3% vs 2022
2024: €1.55M▲ +2463% vs 2023highest in 8 years
2025: €49k▼ -96.8% vs 2024
2018 → 2025
Working capital
€3.27M▼ 4.4%
2024 · €3.42M
2018: €-411klowest in 8 years
2019: €-296k▲ +28.0% vs 2018
2020: €-168k▲ +43.4% vs 2019
2021: €732k▲ +537% vs 2020
2022: €939k▲ +28.3% vs 2021
2023: €1.01M▲ +7.4% vs 2022
2024: €3.42M▲ +239% vs 2023highest in 8 years
2025: €3.27M▼ -4.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.45M-€2.27M▼ 7.1%€2.21M▼ 2.9%€3.76M▲ 70.1%€3.81M▲ 1.3%
2021: €2.45M
2022: €2.27M▼ -7.1% vs 2021
2023: €2.21M▼ -2.9% vs 2022lowest in 5 years
2024: €3.76M▲ +70.1% vs 2023
2025: €3.81M▲ +1.3% vs 2024highest in 5 years
Operating result€1.21M-€-125k€115k€1.69M▲ 1,374%€151k▼ 91.0%
2021: €1.21M
2022: €-125k▼ -110% vs 2021lowest in 5 years
2023: €115k▲ +192% vs 2022
2024: €1.69M▲ +1374% vs 2023highest in 5 years
2025: €151k▼ -91.0% vs 2024
Net result€1.17M-€-174k€-66k▲ 62.3%€1.55M€49k▼ 96.8%
2021: €1.17M
2022: €-174k▼ -115% vs 2021lowest in 5 years
2023: €-66k▲ +62.3% vs 2022
2024: €1.55M▲ +2463% vs 2023highest in 5 years
2025: €49k▼ -96.8% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.33M
Fixed assets
€3.34M ▲ 21.6%
Current assets
€3.99M ▲ 3.1%
Equity and liabilities €7.33M
Equity
€3.81M ▲ 1.3%
Debt
€3.53M ▲ 23.3%
Debt's share of the balance-sheet total rises from 43.2% to 48.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€468k▼
2024 · €2.06M
Cash flow
€366k▼
2024 · €1.92M
Current ratio
5.56▼
2024 · 8.65
Debt to equity
0.93▲
2024 · 0.76
ROE
1.3%▼
2024 · 41.2%
ROA
0.7%▼
2024 · 23.4%
Interest coverage
5.10▼
2024 · 20.85
Debt ≤ 1 year
€718k▲
2024 · €447k
Debt > 1 year
€2.79M▲
2024 · €2.40M
Income taxes
€66k▲
2024 · €63k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.62M€7.33M▲
Fixed assets21/28€2.75M€3.34M▲
Intangible fixed assets21€198k€99k▼
Tangible fixed assets22/27€2.55M€3.24M▲
Land and buildings22€2.55M€3.24M▲
Current assets29/58€3.87M€3.99M▲
Amounts receivable within one year40/41€3.54M€3.76M▲
Trade receivables40€132k€222k▲
Other amounts receivable41€3.41M€3.54M▲
Cash at bank and in hand54/58€332k€231k▼
Equity and liabilities
Total equity and liabilities10/49€6.62M€7.33M▲
Equity10/15€3.76M€3.81M▲
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€1.55M€1.34M▼
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€1.54M€1.34M▼
Profit (loss) carried forward14€2.13M€2.39M▲
Amounts payable17/49€2.86M€3.53M▲
Amounts payable after more than one year17€2.40M€2.79M▲
Financial debts170/4€2.36M€2.75M▲
Other amounts payable178/9€43k€43k=
Amounts payable within one year42/48€447k€718k▲
Current portion of amounts payable after more than one year42€270k€258k▼
Financial debts43€32k-
Credit institutions430/8€32k-
Trade debts44€21k€332k▲
Suppliers440/4€21k€332k▲
Taxes, remuneration and social security45€124k€129k▲
Taxes450/3€124k€129k▲
Accrued charges and deferred income492/3€13k€14k▲
Income statement
Code20242025
Non-recurring operating income76A€1.62M-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€372k€317k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€34k€-9k▼
Other operating charges640/8€114k€103k▼
Gross operating margin9900€2.21M€562k▼
Operating profit (loss)9901€1.69M€151k▼
Financial income75/76B€21k€55k▲
Recurring financial income75€21k€55k▲
Financial charges65/66B€99k€92k▼
Recurring financial charges65€99k€92k▼
Profit (loss) for the period before taxes9903€1.61M€115k▼
Income taxes67/77€63k€66k▲
Profit (loss) for the period9904€1.55M€49k▼
Transfer from tax-exempt reserves789€240k€207k▼
Profit (loss) for the period to be appropriated9905€1.79M€256k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.13M€2.39M▲
Profit (loss) brought forward from the previous period14P€343k€2.13M▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1.07M | - | - | €1.62M | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €290k | €525k | €381k | €372k | €317k | ▼ 14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €34k | €-9k | ▼ 127% |
| Other operating charges640/8 | €72k | €89k | €93k | €114k | €103k | ▼ 9.7% |
| Gross operating margin9900 | €1.57M | €490k | €589k | €2.21M | €562k | ▼ 74.6% |
| Operating profit (loss)9901 | €1.21M | €-125k | €115k | €1.69M | €151k | ▼ 91.0% |
| Financial income75/76B | €5k | €9k | €14k | €21k | €55k | ▲ 164% |
| Recurring financial income75 | €5k | €9k | €14k | €21k | €55k | ▲ 164% |
| Financial charges65/66B | €43k | €41k | €133k | €99k | €92k | ▼ 7.2% |
| Recurring financial charges65 | €43k | €41k | €133k | €99k | €92k | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €1.17M | €-156k | €-5k | €1.61M | €115k | ▼ 92.9% |
| Income taxes67/77 | €7k | €17k | €61k | €63k | €66k | ▲ 4.2% |
| Profit (loss) for the period9904 | €1.17M | €-174k | €-66k | €1.55M | €49k | ▼ 96.8% |
| Transfer from tax-exempt reserves789 | €187k | €240k | €240k | €240k | €207k | ▼ 13.9% |
| Transfer to tax-exempt reserves689 | €1.07M | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €286k | €67k | €175k | €1.79M | €256k | ▼ 85.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.91M | €5.39M | €5.26M | €6.62M | €7.33M | ▲ 10.8% |
| Fixed assets21/28 | €2.91M | €4.16M | €3.88M | €2.75M | €3.34M | ▲ 21.6% |
| Intangible fixed assets21 | €494k | €396k | €297k | €198k | €99k | ▼ 50.0% |
| Tangible fixed assets22/27 | €1.66M | €3.00M | €2.82M | €2.55M | €3.24M | ▲ 27.2% |
| Land and buildings22 | €1.53M | €2.92M | €2.78M | €2.55M | €3.24M | ▲ 27.2% |
| Leasing and similar rights25 | €128k | €85k | €43k | - | - | - |
| Financial fixed assets28 | €757k | €757k | €757k | - | - | - |
| Current assets29/58 | €1.00M | €1.23M | €1.38M | €3.87M | €3.99M | ▲ 3.1% |
| Amounts receivable within one year40/41 | €542k | €759k | €1.03M | €3.54M | €3.76M | ▲ 6.3% |
| Trade receivables40 | €62k | €135k | €136k | €132k | €222k | ▲ 68.4% |
| Other amounts receivable41 | €480k | €624k | €893k | €3.41M | €3.54M | ▲ 3.9% |
| Cash at bank and in hand54/58 | €460k | €470k | €356k | €332k | €231k | ▼ 30.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.91M | €5.39M | €5.26M | €6.62M | €7.33M | ▲ 10.8% |
| Equity10/15 | €2.45M | €2.27M | €2.21M | €3.76M | €3.81M | ▲ 1.3% |
| Contributions10/11 | €75k | €75k | €75k | €75k | €75k | = |
| Capital10 | €75k | €75k | €75k | €75k | €75k | = |
| Issued capital100 | €75k | €75k | €75k | €75k | €75k | = |
| Reserves13 | €2.27M | €2.03M | €1.79M | €1.55M | €1.34M | ▼ 13.3% |
| Non-distributable reserves130/1 | €8k | €8k | €8k | €8k | €8k | = |
| Legal reserve130 | €8k | €8k | €8k | €8k | €8k | = |
| Tax-exempt reserves132 | €2.27M | €2.02M | €1.78M | €1.54M | €1.34M | ▼ 13.4% |
| Profit (loss) carried forward14 | €101k | €168k | €343k | €2.13M | €2.39M | ▲ 12.0% |
| Amounts payable17/49 | €1.46M | €3.11M | €3.05M | €2.86M | €3.53M | ▲ 23.3% |
| Amounts payable after more than one year17 | €1.18M | €2.81M | €2.66M | €2.40M | €2.79M | ▲ 16.5% |
| Financial debts170/4 | €1.14M | €2.77M | €2.63M | €2.36M | €2.75M | ▲ 16.8% |
| Other amounts payable178/9 | €37k | €37k | €37k | €43k | €43k | = |
| Amounts payable within one year42/48 | €270k | €290k | €376k | €447k | €718k | ▲ 60.6% |
| Current portion of amounts payable after more than one year42 | €203k | €215k | €241k | €270k | €258k | ▼ 4.6% |
| Financial debts43 | €32k | €30k | €56k | €32k | - | - |
| Credit institutions430/8 | €32k | €30k | €56k | €32k | - | - |
| Trade debts44 | €27k | €19k | €17k | €21k | €332k | ▲ 1,496% |
| Suppliers440/4 | €27k | €19k | €17k | €21k | €332k | ▲ 1,496% |
| Taxes, remuneration and social security45 | €8k | €26k | €62k | €124k | €129k | ▲ 3.5% |
| Taxes450/3 | €8k | €26k | €62k | €124k | €129k | ▲ 3.5% |
| Accrued charges and deferred income492/3 | €11k | €12k | €13k | €13k | €14k | ▲ 3.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.17M | €-174k | €-66k | €1.55M | €49k | ▼ 96.8% |
| + Depreciation and write-downs630 | €290k | €525k | €381k | €372k | €317k | ▼ 14.7% |
| Operating cash flow (approximation) | €1.46M | €352k | €315k | €1.92M | €366k | ▼ 80.9% |
| Investment in fixed assets (approximation) | - | €-1.77M | €-100k | €757k | €-911k | ▼ 220% |
| Change in cash | - | €10k | €-114k | €-24k | €-101k | ▼ 326% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
31-12
Financial
Back to profitnet €1.55M
Net result €1.55M after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 8.65
Current ratio from 3.68 to 8.65.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 22 days late
2022
31-12
Financial
Weakest financial yearnet €-174k
Net result drops to €-174k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
2021
31-12
Financial
Liquidity times 7current ratio 3.71
Current ratio from 0.51 to 3.71; short-term debt falls from €340k to €270k.
31-12
Financial
Equity above €2MEq €2.45M ▲91%
4 profitable years in a row build equity to €2.45M.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
Show earlier events
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Herstal · 1 establishment unit since 1988
Ground area
1.3 ha
Building footprint
892 m²
Volume, LiDAR
7,960 m³
2 parcels, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
Avenue Georges-Truffaut 52, 4020 Liège
since 19882.039.684.326
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312A0441/00G000 | Wallonia | 9,198 m² | 1 · 891 m² | 9.8 m · 3 fl. |
| 62809B0177/00V005 | Wallonia | 3,638 m² | - | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
549300FU4DKO6161OZ09
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 1,968 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
Founded08-07-1988
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.