SOLMACO
ActiveSummary
SOLMACO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124,703 and a net result of -€16,229. Equity is shrinking by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▲+3
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 10.17 against 26.44 in 2024; short-term debt: 4.6% and cash: 7.6% of total assets), and 4.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€16,229
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
6 d early
2023
21 d late
2022
31 d early
2021
18 d early
2020
31 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 24 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€124,703▼ 11.5%
2024 · €140,932
Total assets
€130,671▼ 9.4%
2024 · €144,260
Net result
-€16,229▲ 31.7%
2024 · -€23,754
Working capital
€54,734▼ 35.4%
2024 · €84,680
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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-€30,549-€15,306▲ 49.9%-€27,105▼ 77.1%-€24,402▲ 10.0%-€17,166▲ 29.7%
Net result-€30,810below the sector's middle half-€15,595below the sector's middle half▲ 49.4%-€27,348below the sector's middle half▼ 75.4%-€23,754below the sector's middle half▲ 13.1%-€16,229below the sector's middle half▲ 31.7%
Equity€217,629above the sector's middle half▼ 12.4%€202,034above the sector's middle half▼ 7.2%€164,686above the sector's middle half▼ 18.5%€140,932within the sector's middle half▼ 14.4%€124,703within the sector's middle half▼ 11.5%
Total assets€223,341within the sector's middle half▼ 26.3%€206,490within the sector's middle half▼ 7.5%€167,005within the sector's middle half▼ 19.1%€144,260within the sector's middle half▼ 13.6%€130,671within the sector's middle half▼ 9.4%
Debt€5,712▼ 89.6%€4,456▼ 22.0%€2,319▼ 48.0%€3,328▲ 43.5%€5,968▲ 79.3%
Working capital€82,446within the sector's middle half▲ 11.0%€93,679within the sector's middle half▲ 13.6%€83,295within the sector's middle half▼ 11.1%€84,680within the sector's middle half▲ 1.7%€54,734within the sector's middle half▼ 35.4%
Solvency97.4%above the sector's middle half▲ 15.5pp97.8%above the sector's middle half▲ 0.4pp98.6%above the sector's middle half▲ 0.8pp97.7%above the sector's middle half▼ 0.9pp95.4%above the sector's middle half▼ 2.3pp
Current ratio15.43above the sector's middle half▲ 13.0822.02above the sector's middle half▲ 6.5936.92above the sector's middle half▲ 14.9026.44above the sector's middle half▼ 10.4710.17above the sector's middle half▼ 16.27
Return on assets (ROA)-13.8%below the sector's middle half▼ 16.6pp-7.6%below the sector's middle half▲ 6.2pp-16.4%below the sector's middle half▼ 8.8pp-16.5%below the sector's middle half▼ 0.1pp-12.4%below the sector's middle half▲ 4.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17,166 in 2025 against €24,402 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130,671
Fixed assets
€69,969 ▲ 24.4%
Current assets
€60,702 ▼ 31.0%
Equity and liabilities €130,671
Equity
€124,703 ▼ 11.5%
Debt
€5,968 ▲ 79.3%
Debt's share of the balance-sheet total rises from 2.3% to 4.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,844▼
2024 · €2,699
Cash flow
€2,781▼
2024 · €3,347
Debt to equity
0.05▲
2024 · 0.02
ROE
-13.0%▲
2024 · -16.9%
Interest coverage
23.55▼
2024 · 44.23
Debt ≤ 1 year
€5,968▲
2024 · €3,328
Income taxes
€136▼
2024 · €181
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 4,805 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 | - | - | - | - | €8,053 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,958 | €27,999 | €26,964 | €27,101 | €19,010 | ▼ 29.9% |
| Other operating charges640/8 | €681 | €821 | €936 | €1,104 | €813 | ▼ 26.4% |
| Non-recurring operating charges66A | - | - | - | - | €1,820 | - |
| Gross operating margin9900 | €11,090 | €13,514 | €795 | €3,803 | €4,477 | ▲ 17.7% |
| Operating profit (loss)9901 | -€30,549 | -€15,306 | -€27,105 | -€24,402 | -€17,166 | ▲ 29.7% |
| Financial income75/76B | €2 | €6 | €4 | €890 | €1,152 | ▲ 29.3% |
| Recurring financial income75 | €2 | €6 | €4 | €890 | €1,152 | ▲ 29.3% |
| Financial charges65/66B | €44 | €48 | €55 | €61 | €78 | ▲ 28.3% |
| Recurring financial charges65 | €44 | €48 | €55 | €61 | €78 | ▲ 28.3% |
| Profit (loss) for the period before taxes9903 | -€30,591 | -€15,347 | -€27,156 | -€23,573 | -€16,093 | ▲ 31.7% |
| Income taxes67/77 | €219 | €248 | €191 | €181 | €136 | ▼ 24.8% |
| Profit (loss) for the period9904 | -€30,810 | -€15,595 | -€27,348 | -€23,754 | -€16,229 | ▲ 31.7% |
| Profit (loss) for the period to be appropriated9905 | -€30,810 | -€15,595 | -€27,348 | -€23,754 | -€16,229 | ▲ 31.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €223,341 | €206,490 | €167,005 | €144,260 | €130,671 | ▼ 9.4% |
| Fixed assets21/28 | €135,183 | €108,355 | €81,391 | €56,253 | €69,969 | ▲ 24.4% |
| Tangible fixed assets22/27 | €135,183 | €108,355 | €81,391 | €56,253 | €69,969 | ▲ 24.4% |
| Plant, machinery and equipment23 | €92,826 | €75,906 | €59,653 | €45,209 | €28,563 | ▼ 36.8% |
| Furniture and vehicles24 | €42,358 | €32,449 | €21,738 | €11,044 | €41,406 | ▲ 275% |
| Current assets29/58 | €88,158 | €98,135 | €85,614 | €88,008 | €60,702 | ▼ 31.0% |
| Amounts receivable within one year40/41 | €1,755 | €3,456 | €1,104 | €1,920 | €7,228 | ▲ 277% |
| Trade receivables40 | €1,379 | €3,456 | €399 | €1,212 | €4,768 | ▲ 293% |
| Other amounts receivable41 | €376 | €0 | €705 | €707 | €2,461 | ▲ 248% |
| Current investments50/53 | - | - | - | €40,000 | €41,080 | ▲ 2.7% |
| Cash at bank and in hand54/58 | €85,634 | €93,900 | €83,696 | €43,805 | €9,949 | ▼ 77.3% |
| Deferred charges and accrued income490/1 | €768 | €779 | €814 | €2,283 | €2,445 | ▲ 7.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €223,341 | €206,490 | €167,005 | €144,260 | €130,671 | ▼ 9.4% |
| Equity10/15 | €217,629 | €202,034 | €164,686 | €140,932 | €124,703 | ▼ 11.5% |
| Contributions10/11 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | = |
| Reserves13 | €217,439 | €171,034 | €133,686 | €109,932 | €93,703 | ▼ 14.8% |
| Non-distributable reserves130/1 | €4,360 | €4,360 | €0 | - | - | - |
| Reserves not available under the articles1311 | €4,360 | €4,360 | €0 | - | - | - |
| Tax-exempt reserves132 | €1,236 | €1,236 | €1,236 | €1,236 | €1,236 | = |
| Distributable reserves133 | €211,842 | €165,437 | €132,450 | €108,696 | €92,467 | ▼ 14.9% |
| Profit (loss) carried forward14 | -€30,810 | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €5,712 | €4,456 | €2,319 | €3,328 | €5,968 | ▲ 79.3% |
| Amounts payable within one year42/48 | €5,712 | €4,456 | €2,319 | €3,328 | €5,968 | ▲ 79.3% |
| Trade debts44 | €536 | €1,144 | €1,219 | €780 | €5,093 | ▲ 553% |
| Suppliers440/4 | €536 | €1,144 | €1,219 | €780 | €5,093 | ▲ 553% |
| Taxes, remuneration and social security45 | €5,177 | €3,232 | €1,100 | €2,548 | €342 | ▼ 86.6% |
| Taxes450/3 | €5,177 | €3,232 | €1,100 | €2,548 | €342 | ▼ 86.6% |
| Other amounts payable47/48 | €0 | €80 | €0 | - | €533 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,810 | -€15,595 | -€27,348 | -€23,754 | -€16,229 | ▲ 31.7% |
| + Depreciation and write-downs630 | €40,958 | €27,999 | €26,964 | €27,101 | €19,010 | ▼ 29.9% |
| Operating cash flow (approximation) | €10,148 | €12,403 | -€384 | €3,347 | €2,781 | ▼ 16.9% |
| Investment in fixed assets (approximation) | - | -€1,170 | €0 | -€1,963 | -€32,726 | ▼ 1,567% |
| Change in cash | - | €8,265 | -€10,203 | -€39,892 | -€33,856 | ▲ 15.1% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€30,810
Net result drops to -€30,810, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 7current ratio 15.43
Current ratio from 2.36 to 15.43; short-term debt falls from €54,762 to €5,712.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €8,440
Net result €8,440 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial 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, Aalst · 1 establishment unit since 2007
Ground area
510 m²
Building footprint
139 m²
Volume, LiDAR
810 m³
Parcel 41026A0508/00M000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Solmaco
since 20072.163.574.112
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41026A0508/00M000 | Flanders | 510 m² | 1 · 139 m² | 9.1 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.
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Of 979 companies in sector 46431 we hold annual accounts for 706. 506 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
Founded03-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
43211General electrical installation work
47540Retail sale of electrical household appliances
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890523940
Also
9925:BE0890523940
Registered
28-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.