SOLITEC
ActiveSummary
The computed 12-month bankruptcy probability of SOLITEC is 5.5% (elevated). The 2025 annual accounts show equity of €45,106 and a net result of €33,386. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 7900 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 3 administrative register entries (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+69
Solvency29▲+3
Growth78▲+26
Track record70
Bankruptcy probability, 12 months
5.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.04 against 0.98 in 2024; short-term debt: 74.7% and cash: 12% of total assets), and 95.9% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
4.1%
Return on assets
3.1%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7900 sector peers (2025).
NBB · sector comparisonPosition among 7900 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
14 d late
2022
18 d late
2021
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
3 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struck×2Address strikeout annulled
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
Equity
€45,106▲ 285%
2024 · €11,721
Total assets
€1.1m▼ 10.8%
2024 · €1.2m
Net result
€33,386
2024 · -€142,763
Working capital
€30,697
2024 · -€17,757
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20212022202320242025
Operating result€2,968-€121,313▲ 3,988%€85,357▼ 29.6%-€113,894€73,641
Net result€2,408within the sector's middle half-€98,840above the sector's middle half▲ 4,004%€47,235above the sector's middle half▼ 52.2%-€142,763below the sector's middle half€33,386within the sector's middle half
Equity€8,408below the sector's middle half-€107,248within the sector's middle half▲ 1,175%€154,483above the sector's middle half▲ 44.0%€11,721below the sector's middle half▼ 92.4%€45,106below the sector's middle half▲ 285%
Total assets€9,849below the sector's middle half-€217,939within the sector's middle half▲ 2,113%€1.1mabove the sector's middle half▲ 392%€1.2mabove the sector's middle half▲ 13.9%€1.1mwithin the sector's middle half▼ 10.8%
Debt€1,441-€110,691▲ 7,581%€917,532▲ 729%€1.2m▲ 31.8%€1.0m▼ 13.7%
Working capital€5,583-€82,607▲ 1,380%€65,802▼ 20.3%-€17,757€30,697
Solvency85.4%above the sector's middle half-49.2%within the sector's middle half▼ 36.2pp14.4%below the sector's middle half▼ 34.8pp1.0%below the sector's middle half▼ 13.5pp4.1%below the sector's middle half▲ 3.2pp
Staff (FTE)0.112.6▲ 12,500%13.7▲ 8.7%5.7within the sector's middle half▼ 58.4%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Staff (FTE) -58% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €73,641 after a loss of €113,894 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€245,023 ▼ 27.2%
Current assets
€843,464 ▼ 4.6%
Equity and liabilities €1.1m
Equity
€45,106 ▲ 285%
Debt
€1.0m ▼ 13.7%
Debt's share of the balance-sheet total falls from 99.0% to 95.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€171,396▲
2024 · -€23,815
Cash flow
€131,142▲
2024 · -€52,683
Current ratio
1.04▲
2024 · 0.98
Quick ratio
0.69▼
2024 · 0.72
Debt to equity
23.13
ROE
74.0%
ROA
3.1%▲
2024 · -11.7%
Interest coverage
6.05▲
2024 · -0.83
Debt ≤ 1 year
€812,767▼
2024 · €902,108
Debt > 1 year
€230,614▼
2024 · €306,799
Income taxes
€16,077▲
2024 · €5,462
Staff costs
€195,026▼
2024 · €599,168
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,250 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.4%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.5% 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%.
| 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 1,250 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €384 | - | - |
| Remuneration, social security and pensions62 | - | €4,683 | €443,693 | €599,168 | €195,026 | ▼ 67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,376 | €7,610 | €47,836 | €90,079 | €97,756 | ▲ 8.5% |
| Other operating charges640/8 | €54 | €1,826 | €17,865 | €44,044 | €18,105 | ▼ 58.9% |
| Non-recurring operating charges66A | - | - | €2,529 | - | - | - |
| Gross operating margin9900 | €5,397 | €135,432 | €597,279 | €619,397 | €384,527 | ▼ 37.9% |
| Operating profit (loss)9901 | €2,968 | €121,313 | €85,357 | -€113,894 | €73,641 | ▲ 165% |
| Financial income75/76B | €1 | €465 | €2,575 | €5,204 | €4,136 | ▼ 20.5% |
| Recurring financial income75 | €1 | €465 | €2,575 | €5,204 | €4,136 | ▼ 20.5% |
| Financial charges65/66B | €53 | €1,030 | €11,112 | €28,610 | €28,314 | ▼ 1.0% |
| Recurring financial charges65 | €53 | €1,030 | €11,112 | €28,610 | €28,314 | ▼ 1.0% |
| Profit (loss) for the period before taxes9903 | €2,916 | €120,749 | €76,820 | -€137,300 | €49,463 | ▲ 136% |
| Income taxes67/77 | €508 | €21,909 | €29,585 | €5,462 | €16,077 | ▲ 194% |
| Profit (loss) for the period9904 | €2,408 | €98,840 | €47,235 | -€142,763 | €33,386 | ▲ 123% |
| Profit (loss) for the period to be appropriated9905 | €2,408 | €98,840 | €47,235 | -€142,763 | €33,386 | ▲ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9,849 | €217,939 | €1.1m | €1.2m | €1.1m | ▼ 10.8% |
| Formation expenses20 | €423 | - | - | - | - | - |
| Fixed assets21/28 | €2,403 | €59,444 | €367,109 | €336,521 | €245,023 | ▼ 27.2% |
| Intangible fixed assets21 | €1,452 | €1,119 | €12,708 | €9,888 | €7,068 | ▼ 28.5% |
| Tangible fixed assets22/27 | €951 | €56,525 | €341,242 | €313,374 | €224,697 | ▼ 28.3% |
| Plant, machinery and equipment23 | - | €1,646 | €3,893 | €11,624 | €9,063 | ▼ 22.0% |
| Furniture and vehicles24 | €951 | €3,990 | €297,829 | €287,505 | €206,799 | ▼ 28.1% |
| Leasing and similar rights25 | - | €50,889 | €39,520 | €14,245 | €8,835 | ▼ 38.0% |
| Financial fixed assets28 | - | €1,800 | €13,159 | €13,259 | €13,259 | = |
| Current assets29/58 | €7,024 | €158,495 | €704,906 | €884,350 | €843,464 | ▼ 4.6% |
| Stocks and contracts in progress3 | - | €17,269 | €68,955 | €237,000 | €282,889 | ▲ 19.4% |
| Stocks30/36 | - | €4,123 | €68,955 | €187,000 | €122,000 | ▼ 34.8% |
| Contracts in progress37 | - | €13,146 | - | €50,000 | €160,889 | ▲ 222% |
| Amounts receivable within one year40/41 | €5,093 | €28,512 | €264,758 | €458,287 | €424,321 | ▼ 7.4% |
| Trade receivables40 | €4,071 | €16,530 | €205,853 | €405,211 | €391,418 | ▼ 3.4% |
| Other amounts receivable41 | €1,023 | €11,982 | €58,904 | €53,076 | €32,903 | ▼ 38.0% |
| Cash at bank and in hand54/58 | €1,930 | €110,159 | €371,194 | €181,607 | €130,738 | ▼ 28.0% |
| Deferred charges and accrued income490/1 | - | €2,555 | - | €7,457 | €5,517 | ▼ 26.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9,849 | €217,939 | €1.1m | €1.2m | €1.1m | ▼ 10.8% |
| Equity10/15 | €8,408 | €107,248 | €154,483 | €11,721 | €45,106 | ▲ 285% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | - | €98,840 | €146,075 | €146,075 | €146,075 | = |
| Distributable reserves133 | - | €98,840 | €146,075 | €146,075 | €146,075 | = |
| Profit (loss) carried forward14 | €2,408 | €2,408 | €2,408 | -€140,354 | -€106,968 | ▲ 23.8% |
| Amounts payable17/49 | €1,441 | €110,691 | €917,532 | €1.2m | €1.0m | ▼ 13.7% |
| Amounts payable after more than one year17 | - | €34,802 | €278,096 | €306,799 | €230,614 | ▼ 24.8% |
| Financial debts170/4 | - | €34,802 | €278,096 | €306,799 | €230,614 | ▼ 24.8% |
| Amounts payable within one year42/48 | €1,441 | €75,889 | €639,104 | €902,108 | €812,767 | ▼ 9.9% |
| Current portion of amounts payable after more than one year42 | - | €9,371 | €88,862 | €151,568 | €145,385 | ▼ 4.1% |
| Financial debts43 | - | - | - | €150,000 | €137,400 | ▼ 8.4% |
| Credit institutions430/8 | - | - | - | €150,000 | €137,400 | ▼ 8.4% |
| Trade debts44 | €933 | €25,407 | €392,711 | €456,385 | €429,658 | ▼ 5.9% |
| Suppliers440/4 | €933 | €25,407 | €392,711 | €456,385 | €429,658 | ▼ 5.9% |
| Taxes, remuneration and social security45 | €508 | €30,240 | €141,508 | €137,076 | €94,131 | ▼ 31.3% |
| Taxes450/3 | €508 | €23,873 | €54,736 | €8,115 | €58,700 | ▲ 623% |
| Remuneration and social security454/9 | - | €6,367 | €86,772 | €128,961 | €35,431 | ▼ 72.5% |
| Other amounts payable47/48 | - | €10,871 | €16,023 | €7,078 | €6,193 | ▼ 12.5% |
| Accrued charges and deferred income492/3 | - | - | €332 | €244 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,408 | €98,840 | €47,235 | -€142,763 | €33,386 | ▲ 123% |
| + Depreciation and write-downs630 | €2,376 | €7,610 | €47,836 | €90,079 | €97,756 | ▲ 8.5% |
| Operating cash flow (approximation) | €4,784 | €106,450 | €95,071 | -€52,683 | €131,142 | ▲ 349% |
| Investment in fixed assets (approximation) | - | -€64,651 | -€355,501 | -€59,491 | -€6,258 | ▲ 89.5% |
| Change in cash | - | €108,229 | €261,034 | -€189,586 | -€50,869 | ▲ 73.2% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Back to profitnet €33,386
Net result €33,386 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-12
KBO administration
Address strikeout annulled
06-12
KBO administration
Address struck
Oktrooiplein 1 bus L’adresse du siège Oktrooiplein 1 boîte 201 Die Sitzadresse Oktrooiplein 1 Bfk. 201 9000
201 9000 Gent werd doorgehaald met ingang 9000 Gent · event 24-10-2024
30-09
Financial
Weakest financial yearnet -€142,763
Net result drops to -€142,763, the lowest in the series; recovery starts the following year.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
26-04
KBO administration
Address struck
Oktrooiplein 1 9000 L’adresse du siège Oktrooiplein 1 9000 Die Sitzadresse Oktrooiplein 1 9000 Gent
Gent is doorgehaald met ingang van Gand · event 29-02-2024
2023
30-09
Financial
Equity above €150,000Eq €154,483 ▲44%
3 profitable years in a row build equity to €154,483.
18-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
30-09
Financial
Highest result since 2021net €98,840 ▲4,004%
Operating result €121,313, net result €98,840, both a record.
30-09
Financial
Equity above €100,000Eq €107,248 ▲1,175%
2 profitable years in a row build equity to €107,248.
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Gent · 1 establishment unit since 2020
Ground area
1,619 m²
Building footprint
1,590 m²
Volume, LiDAR
9,034 m³
Parcel 44807G0728/02L013, Flanders · tallest building 18.6 m, ±1 floor. Linked by address, not a title deed.
130
companies at this address
See who is registered here
1 establishment unit
SOLITEC
since 20202.312.118.724
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0728/02L013 | Flanders | 1,619 m² | 1 · 1,590 m² | 18.6 m · 1 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
2022 to 2025 · 4 entries · 2,423 EUR awarded · 2,183 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 480 EUR | 240 EUR |
| 2024 | 1 | 0 EUR | 694 EUR |
| 2023 | 1 | 1,388 EUR | 979 EUR |
| 2022 | 1 | 555 EUR | 270 EUR |
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,469 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
Founded04-12-2020
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
33110Repair and maintenance of fabricated metal products
33200Installation of industrial machinery and equipment
42220Construction of utility projects for electricity and telecommunications
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0759467240
Also
9925:BE0759467240
Registered
21-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.