SOLOCO
InactiveSOLOCO was declared bankrupt on 18-12-2023 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed for insufficient assets by judgment of 20-01-2025, published in the Belgian State Gazette on 24-01-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2023 close31-01-2024 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 31-01-2023, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
on the day
2021
28 d late
2020
33 d late
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€-13k
2021 · €6k
2019: €27k
2020: €10k
2021: €6k
2019 → 2022
Total assets
€14k▼ 44.5%
2021 · €25k
2019: €28k
2020: €15k
2021: €25k
2019 → 2022
Net result
€-19k▼ 386%
2021 · €-4k
2019: €-3k
2020: €-17k
2021: €-4k
2019 → 2022
Working capital
€-20k
2021 · €4k
2019: €26k
2020: €7k
2021: €4k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€27k-€10k▼ 62.0%€6k▼ 39.1%€-13k
Operating result€-3k-€-16k▼ 518%€-4k▲ 77.1%€-19k▼ 413%
Net result€-3k-€-17k▼ 491%€-4k▲ 76.1%€-19k▼ 386%
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 €19k in 2022 against €4k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €14k
Fixed assets
€6k▲ 166%
Current assets
€7k▼ 66.7%
Key figures and ratios
EBITDA
€-18k▼
2021 · €-3k
Cash flow
€-19k▼
2021 · €-3k
Solvency
-96.0%▼
2021 · 25.1%
Current ratio
0.28▼
2021 · 1.21
Quick ratio
0.28▼
2021 · 1.21
Debt / equity
-2.04
ROA
-141.2%▼
2021 · -16.1%
Interest coverage
-37.41
Debt
€27k▲
2021 · €19k
Debt ≤ 1 year
€27k▲
2021 · €19k
Income taxes
€174▼
2021 · €187
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€25k€14k▼
Fixed assets21/28€2k€6k▲
Intangible fixed assets21€2k€6k▲
Tangible fixed assets22/27€651€286▼
Furniture and vehicles24-€286
Current assets29/58€22k€7k▼
Amounts receivable within one year40/41€8k€2k▼
Trade receivables40-€2k
Cash at bank and in hand54/58€14k€5k▼
Deferred charges and accrued income490/1-€544
Equity and liabilities
Total equity and liabilities10/49€25k€14k▼
Equity10/15€6k€-13k▼
Contributions10/11-€6k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€-2k€-21k▼
Amounts payable17/49€19k€27k▲
Amounts payable within one year42/48€19k€27k▲
Trade debts44€3k€2k▼
Suppliers440/4-€2k
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Other amounts payable47/48-€21k
Income statement
Code20212022
Non-recurring operating income76A-€769
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€944€935▼
Other operating charges640/8-€852
Gross operating margin9900€-2k€-17k▼
Operating profit (loss)9901€-4k€-19k▼
Financial income75/76B-€13
Recurring financial income75€61€13▼
Financial charges65/66B-€478
Recurring financial charges65€207€478▲
Profit (loss) for the period before taxes9903€-4k€-19k▼
Income taxes67/77€187€174▼
Profit (loss) for the period9904€-4k€-19k▼
Profit (loss) for the period to be appropriated9905€-4k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-21k
Profit (loss) brought forward from the previous period14P-€-2k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · SOLOCO BVBA DE HEIDE 13, 2560 KESSEL · event 20-01-2025
2023
22-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · SOLOCO BVBA DE HEIDE 13, 2560 KESSEL · event 18-12-2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
05-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 33 days late
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
06-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
31-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
24-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 24 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANNELIES HELLEMANS NEETWEG 24, 2220 HEIST-OP-
DEN-BERG |
18-12-2023 → present |