Financials
- Fiscal year
- 2025
- Total assets
- €13.6m
- Loss
- -€6.1m
- Solvency
- 51.1%
Total assets▲ 0.9%
Net result
20222025
SOLITHOR
ActiveSummary
The annual accounts of SOLITHOR for fiscal year 2025 show a net loss of 426% of the equity at the start of that year. The 2025 annual accounts show equity of €6.9m and a net result of -€6.1m. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 58% of 778 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Other professional, scientific and technical activities
NACE 74999Engineering and related technical consultancy, excluding land surveyors NACE 71121NACE 74909
#2 employer in Sint-Truiden, Professional and technical services sector1 site
Size
€13.6mtotal assets 2025
- Staff
- 28.4 FTE
- Equity
- €6.9m
- Loss
- -€6.1m
Turnover not published (abridged schema)
Structure
- Largest shareholder
- FEDERALE PARTICIPATIE- EN INVESTERINGSMAATSCHAPPIJ · 18.4%
- Board
- 1 member
Auditor: EY Bedrijfsrevisoren BVAccounts 84 d early4 of 10 deeds read
Why 56Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €6.1m, the second in a row (FY 2025)+ Sector Other professional, scientific and technical activities (NACE 74)+ Liquidity: current ratio 8.42, cash €3.6m+ Figures for FY 2025 (filed 08-05-2026)Show the evidence
Checked score
Score 2025
56
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 61% of its sector peers (NACE 74, small)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency
76+40
equity 51.1% of total assets
Liquidity
83-17
short-term debt 7.4% · cash 26.3%
Profitability
0-4
return on assets -45.0%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%▲ +1.3% vs 11-2024
01-2025: 0.3%● 0.0% vs 12-2024
02-2025: 0.3%● 0.0% vs 01-2025
03-2025: 0.3%● 0.0% vs 02-2025
04-2025: 0.3%▲ +8.1% vs 03-2025
05-2025: 0.3%▼ -15.6% vs 04-2025
06-2025: 0.4%▲ +55.5% vs 05-2025highest value
07-2025: 0.4%● 0.0% vs 06-2025highest value
08-2025: 0.4%● 0.0% vs 07-2025highest value
09-2025: 0.4%● 0.0% vs 08-2025highest value
10-2025: 0.4%● 0.0% vs 09-2025highest value
11-2025: 0.2%▼ -45.8% vs 10-2025
12-2025: 0.2%● 0.0% vs 11-2025
01-2026: 0.2%● 0.0% vs 12-2025
02-2026: 0.2%▲ +3.8% vs 01-2026
03-2026: 0.2%● 0.0% vs 02-2026
04-2026: 0.3%▲ +8.5% vs 03-2026
05-2026: 0.3%▲ +2.2% vs 04-2026
06-2026: 0.2%▼ -43.2% vs 05-2026lowest value
07-2026: 0.2%● 0.0% vs 06-2026lowest value
08-2026: 0.2%● 0.0% vs 07-2026lowest value
09-2026: 0.2%● 0.0% vs 08-2026lowest value
10-2026: 0.2%● 0.0% vs 09-2026lowest value
- Loss of €6.1m, the second in a row (FY 2025) raises the probability
- Sector Other professional, scientific and technical activities (NACE 74) lowers the probability
- Liquidity: current ratio 8.42, cash €3.6m lowers the probability
- Figures for FY 2025 (filed 08-05-2026) lowers the probability
Credit up to €380,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 8.42 against 9.86 in 2024; short-term debt: 7.4% and cash: 26.3% of total assets), and 48.9% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 74, small). Better than this share of them on solvency 52%, liquidity 89%, profitability 4%, growth against the median 97%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €6.9m
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 08-05-2026, 84 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
84 d early
2024
66 d early
2023
55 d early
2022
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 64 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed 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. Usually files around 1 June (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
- Resignation: Tom Vanhoutte (director)Appointment: XPAND Partners BV (director)…
- Permanent representatives: TomAerts, RoelandEngelen and 2…State Gazette act
- Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representatives: Fanny Bardé and…
Key points
- Risk: 4 loss-making years in a rowloss fiscal year 2025 -€6.1m View
- Positive: Equity rose in 2025from €1.4m to €6.9m ▲ 384% View
- Caution: Among the weakest 5% on net resultsector median €12,572 · 776 companies -€6.1m View
- Caution: Board changedlatest change 30-04-2026 · 1 in office 1 joined · 1 left View
- Flemish supportawarded 2022 - 2025 €5.3m View
- Known shareholderslargest: FEDERALE PARTICIPATIE- EN… 18.4% 99.99% View
- Positive: Always filed on timeaccounts within the deadline every year 4 years View
By topic
Board & ownership
- Board
- 1 member
- Largest shareholder
- FEDERALE PARTICIPATIE- EN INVESTERINGSMAATSCHAPPIJ · 18.4%
- Known shareholders
- 99.99%
- Auditor
- EY Bedrijfsrevisoren BV
Go to Board & ownership
Timeline
- Events
- 11
- Since
- 2023
- Next accounts
- by 31-07-2027
- 07-09-2026Resignation: Tom Vanhoutte (director)
- 28-05-2026Permanent representatives: TomAerts, RoelandEngelen and 2 others
- 28-05-2026Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other professional, scientific and technical activitiesNACE 74999
- Founded
- 13-09-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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 Is the workforce growing, and do people stay?Employer 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?Subsidies
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