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SOLMAX

Active
Private limited companyfounded 2024active for 1 yearSoltkapelstraat 1, 3960 Bree, BelgiumKBO/BCE: BE 1016.742.419
Summary

SOLMAX has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,383 and a net result of €16,383. Its solvency ranks better than 37% of 34,650 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00431239.

Equity
€21,383
Total assets
€61,109
Net result
€16,383
Working capital
€15,961

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €58,375
Fixed assets €2,689
Current assets €55,686
Equity and liabilities €61,109
Equity €21,383
Debt €39,726
Debt finances 65.0% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€21,878
Cash flow
€17,692
Current ratio
1.40
Quick ratio
1.25
Debt to equity
1.86
ROE
76.6%
ROA
26.8%
Interest coverage
over 100
Debt ≤ 1 year
€39,726
Income taxes
€4,096

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 11,280 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
Filed annual accounts As filed with the NBB · 2025 · 43 lines
Balance sheet Code2025
Assets
Total assets20/58€61,109
Formation expenses20€2,734
Fixed assets21/28€2,689
Tangible fixed assets22/27€2,689
Plant, machinery and equipment23€1,439
Furniture and vehicles24€1,250
Current assets29/58€55,686
Stocks and contracts in progress3€6,135
Stocks30/36€6,135
Amounts receivable within one year40/41€5,627
Trade receivables40€2,993
Other amounts receivable41€2,633
Cash at bank and in hand54/58€29,925
Deferred charges and accrued income490/1€14,000
Equity and liabilities
Total equity and liabilities10/49€61,109
Equity10/15€21,383
Contributions10/11€5,000
Reserves13€16,383
Distributable reserves133€16,383
Amounts payable17/49€39,726
Amounts payable within one year42/48€39,726
Trade debts44€34,380
Suppliers440/4€34,380
Taxes, remuneration and social security45€4,096
Taxes450/3€4,096
Other amounts payable47/48€1,250
Accrued charges and deferred income492/3€0
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,308
Other operating charges640/8€955
Gross operating margin9900€22,832
Operating profit (loss)9901€20,569
Financial income75/76B€13
Recurring financial income75€13
Financial charges65/66B€103
Recurring financial charges65€103
Profit (loss) for the period before taxes9903€20,479
Income taxes67/77€4,096
Profit (loss) for the period9904€16,383
Profit (loss) for the period to be appropriated9905€16,383
Appropriation of the result
Profit (loss) to be appropriated9906€16,383
Transfer to equity691/2€16,383
Addition to contributions691€0
To other reserves6921€16,383

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,308
Other operating charges640/8€955
Gross operating margin9900€22,832
Operating profit (loss)9901€20,569
Financial income75/76B€13
Recurring financial income75€13
Financial charges65/66B€103
Recurring financial charges65€103
Profit (loss) for the period before taxes9903€20,479
Income taxes67/77€4,096
Profit (loss) for the period9904€16,383
Profit (loss) for the period to be appropriated9905€16,383
Line2025
Assets
Total assets20/58€61,109
Formation expenses20€2,734
Fixed assets21/28€2,689
Tangible fixed assets22/27€2,689
Plant, machinery and equipment23€1,439
Furniture and vehicles24€1,250
Current assets29/58€55,686
Stocks and contracts in progress3€6,135
Stocks30/36€6,135
Amounts receivable within one year40/41€5,627
Trade receivables40€2,993
Other amounts receivable41€2,633
Cash at bank and in hand54/58€29,925
Deferred charges and accrued income490/1€14,000
Equity and liabilities
Total equity and liabilities10/49€61,109
Equity10/15€21,383
Contributions10/11€5,000
Reserves13€16,383
Distributable reserves133€16,383
Amounts payable17/49€39,726
Amounts payable within one year42/48€39,726
Trade debts44€34,380
Suppliers440/4€34,380
Taxes, remuneration and social security45€4,096
Taxes450/3€4,096
Other amounts payable47/48€1,250
Accrued charges and deferred income492/3€0
Line2025
Profit (loss) for the period9904€16,383
+ Depreciation and write-downs630€1,308
Operating cash flow (approximation)€17,692

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 26-08-2026 2026-00431239

Similar companies · same sector, comparable size

Of the 9,480 active companies whose main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222), figures are known for 5,708. 3,659 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.