SOLPACO
ActiveSOLPACO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €191k and a net result of €61k. Equity is growing by ~61.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 37971 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
100
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 6.76 against 6.01 in 2023), and 14.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
33 d early
2022
34 d early
2021
32 d early
2020
33 d early
2019
38 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€191k▲ 47.5%
2023 · €129k
2018: €16k
2019: €17k
2020: €14k
2021: €23k
2022: €71k
2023: €129k
2018 → 2024
Total assets
€223k▲ 44.1%
2023 · €155k
2018: €25k
2019: €23k
2020: €16k
2021: €38k
2022: €90k
2023: €155k
2018 → 2024
Net result
€61k▲ 4.7%
2023 · €59k
2018: €-3k
2019: €1k
2020: €-3k
2021: €9k
2022: €47k
2023: €59k
2018 → 2024
Working capital
€188k▲ 45.9%
2023 · €129k
2018: €5k
2019: €6k
2020: €3k
2021: €21k
2022: €69k
2023: €129k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€14k-€23k▲ 67.0%€71k▲ 201%€129k▲ 83.2%€191k▲ 47.5%
Operating result€-3k-€14k€73k▲ 407%€87k▲ 20.2%€94k▲ 8.0%
Net result€-3k-€9k€47k▲ 400%€59k▲ 24.7%€61k▲ 4.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 8% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €223k
Fixed assets
€3k▲ 338%
Current assets
€220k▲ 42.7%
Equity and liabilities €223k
Equity
€191k▲ 47.5%
Debt
€33k▲ 26.8%
The debt ratio falls from 16.6% to 14.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€97k▲
2023 · €88k
Cash flow
€65k▲
2023 · €60k
Solvency
85.4%▲
2023 · 83.4%
Current ratio
6.76▲
2023 · 6.01
Quick ratio
6.76▲
2023 · 6.01
Debt / equity
0.17▼
2023 · 0.20
ROE
32.2%▼
2023 · 45.4%
ROA
27.5%▼
2023 · 37.9%
Interest coverage
595.72▲
2023 · 156.98
Debt
€33k▲
2023 · €26k
Debt ≤ 1 year
€33k▲
2023 · €26k
Income taxes
€32k▲
2023 · €31k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€155k€223k▲
Fixed assets21/28€745€3k▲
Tangible fixed assets22/27€745€3k▲
Land and buildings22-€3k
Furniture and vehicles24€745-
Current assets29/58€154k€220k▲
Amounts receivable within one year40/41€40k€63k▲
Trade receivables40€34k€57k▲
Other amounts receivable41€7k€6k▼
Current investments50/53€58k€113k▲
Cash at bank and in hand54/58€56k€44k▼
Deferred charges and accrued income490/1-€227
Equity and liabilities
Total equity and liabilities10/49€155k€223k▲
Equity10/15€129k€191k▲
Contributions10/11€20k€20k=
Reserves13€109k€170k▲
Tax-exempt reserves132€952€952=
Distributable reserves133€108k€169k▲
Amounts payable17/49€26k€33k▲
Amounts payable within one year42/48€26k€33k▲
Trade debts44€4k€22k▲
Suppliers440/4€4k€22k▲
Advances received on contracts in progress46€11k€440▼
Taxes, remuneration and social security45€10k€10k▼
Taxes450/3€10k€10k▼
Other amounts payable47/48-€481
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€90k€98k▲
Operating profit (loss)9901€87k€94k▲
Financial income75/76B€3k€5▼
Recurring financial income75€3k€5▼
Financial charges65/66B€562€163▼
Recurring financial charges65€562€163▼
Profit (loss) for the period before taxes9903€89k€94k▲
Income taxes67/77€31k€32k▲
Profit (loss) for the period9904€59k€61k▲
Profit (loss) for the period to be appropriated9905€59k€61k▲
Appropriation of the result
Profit (loss) to be appropriated9906€59k€61k▲
Transfer to equity691/2€59k€61k▲
To other reserves6921€59k€61k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €61k ▲4.7%
Operating result €94k, net result €61k, both a record.
31-12
Financial
Equity above €150kEq €191k ▲47.5%
4 profitable years in a row build equity to €191k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €129k ▲83.2%
3 profitable years in a row build equity to €129k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-3k ▼377%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
10-09-2021
Ignace Thevelein: Resigned as Director
07-07-2017
Castelein Christiane: Resigned as Manager
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2005
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.
Sint-Annarei 258000 BruggeGround area
556 m²
Building footprint
297 m²
Volume, LiDAR
5,024 m³
Parcel 31005A0598/00M000, Flanders · tallest building 19.4 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
SOLPACO
since 20052.146.199.927
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31005A0598/00M000 | Flanders | 556 m² | 1 · 297 m² | 19.4 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
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Filip Herremans
BE 0730.965.472
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De Waterval van Co
BE 0775.851.728
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TECHSOURCE
BE 0748.757.549
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PREVENECO
BE 0891.067.239
Zulte · Eq €191k
Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 40,046 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-02-2005
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
71209Other technical testing and analysis
81300Landscape service activities
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.