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Sollenberg

Active
Private limited companyfounded 2011active for 14 yearsAardebrug(LUB) 28, 3210 Lubbeek, BelgiumKBO/BCE: BE 0841.710.174

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 29-07-2026 at the NBB all 14 filings

Equity
-€23,681▼ 4.9%
2024 · -€22,575
Total assets
€35,357▼ 0.1%
2024 · €35,390
Net result
-€1,105▲ 56.1%
2024 · -€2,517
Working capital
-€8,939▲ 84.5%
2024 · -€57,833
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a loss of €1,073, smaller than the loss of €2,486 in 2024.

Operating result-€1,073 2025 Net result-€1,105 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€799--€363▲ 54.5%-€2,804▼ 672%-€1,438▲ 48.7%-€3,412▼ 137%-€1,016▲ 70.2%-€2,486▼ 145%-€1,073▲ 56.9%
Net result-€814--€382▲ 53.1%-€2,829within the sector's middle half▼ 641%-€1,468within the sector's middle half▲ 48.1%-€3,441within the sector's middle half▼ 134%-€1,045within the sector's middle half▲ 69.6%-€2,517within the sector's middle half▼ 141%-€1,105within the sector's middle half▲ 56.1%
Equity-€10,892--€11,274▼ 3.5%-€14,103below the sector's middle half▼ 25.1%-€15,572below the sector's middle half▼ 10.4%-€19,013below the sector's middle half▼ 22.1%-€20,058below the sector's middle half▼ 5.5%-€22,575below the sector's middle half▼ 12.6%-€23,681below the sector's middle half▼ 4.9%
Total assets€37,172-€35,556▼ 4.3%€35,531below the sector's middle half▼ 0.1%€35,602below the sector's middle half▲ 0.2%€35,742below the sector's middle half▲ 0.4%€35,423below the sector's middle half▼ 0.9%€35,390below the sector's middle half▼ 0.1%€35,357below the sector's middle half▼ 0.1%
Debt€48,064-€46,830▼ 2.6%€49,634▲ 6.0%€51,174▲ 3.1%€54,755▲ 7.0%€55,481▲ 1.3%€57,965▲ 4.5%€59,038▲ 1.9%
Working capital-€46,150--€46,532▼ 0.8%-€49,361within the sector's middle half▼ 6.1%-€50,830within the sector's middle half▼ 3.0%-€54,271within the sector's middle half▼ 6.8%-€55,316within the sector's middle half▼ 1.9%-€57,833within the sector's middle half▼ 4.6%-€8,939within the sector's middle half▲ 84.5%
Solvency-29.3%--31.7%▼ 2.4pp-39.7%below the sector's middle half▼ 8.0pp-43.7%below the sector's middle half▼ 4.0pp-53.2%below the sector's middle half▼ 9.5pp-56.6%below the sector's middle half▼ 3.4pp-63.8%below the sector's middle half▼ 7.2pp-67.0%below the sector's middle half▼ 3.2pp
Current ratio0.04-0.01▼ 0.030.01below the sector's middle half=0.01below the sector's middle half=0.01below the sector's middle half=0.00below the sector's middle half▼ 0.010.00below the sector's middle half=0.01below the sector's middle half▲ 0.01
Return on assets (ROA)-2.2%--1.1%▲ 1.1pp-8.0%below the sector's middle half▼ 6.9pp-4.1%below the sector's middle half▲ 3.8pp-9.6%below the sector's middle half▼ 5.5pp-3.0%below the sector's middle half▲ 6.7pp-7.1%below the sector's middle half▼ 4.2pp-3.1%below the sector's middle half▲ 4.0pp
above within below The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35,357
Fixed assets €35,258 =
Current assets €99 ▼ 24.7%
Equity and liabilities
Equity-€23,681
Debt€59,038
Equity is negative. Debt (€59,038) exceeds the balance-sheet total (€35,357).
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€9,038▼
2024 · €57,965
Debt > 1 year
€50,000
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as Sollenberg: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €22,500 and €45,500, founded between 2005 and 2016.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
Sollenberg Lubbeek2011€35,357-€23,681-€1,073-€1,1052025
PELIKAAN ASSOCIATION CENTER Temse2010€36,213€9,850-€11,002-€12,3512025
POLDENTIA Ukkel2012€45,474€22,301€111-€4,6802025
CASPROM Ninove2013€27,151€16,904€258-€1,7092025
« ENTRE CHAMPS » et/ou « DOMAINE DU MOUTON BLANC » Lasne2005€29,842-€94,779-€1,983-€9,6212025
Van der Velde Invest Grobbendonk2016€34,601€8,844-€2,086-€2,7562025
MGB groupe Sint-Pieters-Woluwe2011€22,493-€96,671-€6,396-€12,9472025

They were chosen from the 7,230 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 2,333 companies had the same profile as Sollenberg has now. Two years later, 2.8% had gone bankrupt and 90.6% were still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a small loss
2.8% went bankrupt
5.8% stopped otherwise
90.6% was still going

Another 0.7% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Sollenberg itself: 0.7% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 2,333 companies, not a prediction for Sollenberg. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 26 lines

Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€35,390€35,357▼
Fixed assets21/28€35,258€35,258=
Tangible fixed assets22/27€35,258€35,258=
Land and buildings22€35,258€35,258=
Current assets29/58€132€99▼
Cash at bank and in hand54/58€132€99▼
Equity and liabilities
Total equity and liabilities10/49€35,390€35,357▼
Equity10/15-€22,575-€23,681▼
Contributions10/11€6,200€6,200=
Profit (loss) carried forward14-€28,775-€29,881▼
Amounts payable17/49€57,965€59,038▲
Amounts payable after more than one year17-€50,000
Financial debts170/4-€50,000
Amounts payable within one year42/48€57,965€9,038▼
Trade debts44€3,235€950▼
Suppliers440/4€3,235€950▼
Other amounts payable47/48€54,730€8,088▼
Income statement Code20242025
Gross operating margin9900-€2,486-€1,073▲
Operating profit (loss)9901-€2,486-€1,073▲
Financial charges65/66B€31€33▲
Recurring financial charges65€31€33▲
Profit (loss) for the period before taxes9903-€2,517-€1,105▲
Profit (loss) for the period9904-€2,517-€1,105▲
Profit (loss) for the period to be appropriated9905-€2,517-€1,105▲
Appropriation of the result
Profit (loss) to be appropriated9906-€28,775-€29,881▼
Profit (loss) brought forward from the previous period14P-€26,258-€28,775▼

The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Other operating charges640/8---€32-----
Gross operating margin9900-€799-€363-€2,804-€1,407-€3,412-€1,016-€2,486-€1,073▲ 56.9%
Operating profit (loss)9901-€799-€363-€2,804-€1,438-€3,412-€1,016-€2,486-€1,073▲ 56.9%
Financial charges65/66B---€30€29€29€31€33▲ 4.8%
Recurring financial charges65€16€19€25€30€29€29€31€33▲ 4.8%
Profit (loss) for the period before taxes9903-€814-€382-€2,829-€1,468-€3,441-€1,045-€2,517-€1,105▲ 56.1%
Profit (loss) for the period9904-€814-€382-€2,829-€1,468-€3,441-€1,045-€2,517-€1,105▲ 56.1%
Profit (loss) for the period to be appropriated9905-€814-€382-€2,829-€1,468-€3,441-€1,045-€2,517-€1,105▲ 56.1%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€37,172€35,556€35,531€35,602€35,742€35,423€35,390€35,357▼ 0.1%
Fixed assets21/28€35,258€35,258€35,258€35,258€35,258€35,258€35,258€35,258=
Tangible fixed assets22/27€35,258€35,258€35,258€35,258€35,258€35,258€35,258€35,258=
Land and buildings22---€35,258€35,258€35,258€35,258€35,258=
Current assets29/58€1,914€298€273€344€484€165€132€99▼ 24.7%
Cash at bank and in hand54/58€1,914€298€273€344€484€165€132€99▼ 24.7%
Equity and liabilities
Total equity and liabilities10/49€37,172€35,556€35,531€35,602€35,742€35,423€35,390€35,357▼ 0.1%
Equity10/15-€10,892-€11,274-€14,103-€15,572-€19,013-€20,058-€22,575-€23,681▼ 4.9%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200€6,200=
Profit (loss) carried forward14-€17,092-€17,474-€20,303-€21,772-€25,213-€26,258-€28,775-€29,881▼ 3.8%
Amounts payable17/49€48,064€46,830€49,634€51,174€54,755€55,481€57,965€59,038▲ 1.9%
Amounts payable after more than one year17-------€50,000-
Financial debts170/4-------€50,000-
Amounts payable within one year42/48€48,064€46,830€49,634€51,174€54,755€55,481€57,965€9,038▼ 84.4%
Trade debts44€1,234-€2,804€944€1,525€2,251€3,235€950▼ 70.6%
Suppliers440/4---€944€1,525€2,251€3,235€950▼ 70.6%
Other amounts payable47/48---€50,230€53,230€53,230€54,730€8,088▼ 85.2%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€814-€382-€2,829-€1,468-€3,441-€1,045-€2,517-€1,105▲ 56.1%
Operating cash flow (approximation)-€814-€382-€2,829-€1,468-€3,441-€1,045-€2,517-€1,105▲ 56.1%
Investment in fixed assets (approximation)-€0€0€0€0€0€0€0-
Change in cash--€1,616-€25€71€140-€319-€33-€33▲ 1.5%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 14 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 29-07-2026 2026-00361587 NBB
31-12-2024 micro format 15-07-2025 2025-00285474 PDF
31-12-2023 micro format 29-08-2024 2024-00439189 PDF
31-12-2022 micro format 29-07-2023 2023-00300506 PDF
31-12-2021 micro format 16-07-2022 2022-20198758 PDF
31-12-2020 micro format 31-08-2021 2021-65700419 PDF
31-12-2019 micro format 24-08-2020 2020-47100112 PDF
31-12-2018 micro format 30-08-2019 2019-60800045 PDF
31-12-2017 abbreviated format 28-08-2018 2018-51700455 PDF
31-12-2016 abbreviated format 28-08-2017 2017-47900080 PDF

Show all 14 filings

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