SOLSEL
ActiveSummary
SOLSEL has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€7,047) and a net result of -€6,967. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 8969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency0▼-25
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.28 in 2023; short-term debt: 131.1% and cash: 7.2% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-31.1%
Return on assets
-30.8%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€7,047
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 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
47 d early
2022
35 d early
2021
38 d early
2020
46 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€7,047▼ 8,709%
2023 · -€80
Total assets
€22,626▼ 20.5%
2023 · €28,470
Net result
-€6,967
2023 · €10,271
Working capital
-€27,513▼ 34.6%
2023 · -€20,436
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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
Line20202021202220232024
Operating result-€297€8,070-€1,934€11,897-€6,427
Net result-€357within the sector's middle half€7,950within the sector's middle half-€2,054below the sector's middle half€10,271within the sector's middle half-€6,967below the sector's middle half
Equity-€16,247below the sector's middle half▼ 2.2%-€8,297below the sector's middle half▲ 48.9%-€10,351below the sector's middle half▼ 24.8%-€80below the sector's middle half▲ 99.2%-€7,047below the sector's middle half▼ 8,709%
Total assets€27,443below the sector's middle half▼ 1.0%€28,759below the sector's middle half▲ 4.8%€21,820below the sector's middle half▼ 24.1%€28,470below the sector's middle half▲ 30.5%€22,626below the sector's middle half▼ 20.5%
Debt€43,691▲ 0.2%€37,056▼ 15.2%€32,171▼ 13.2%€28,550▼ 11.3%€29,673▲ 3.9%
Working capital-€36,448below the sector's middle half▲ 0.6%-€28,894below the sector's middle half▲ 20.7%-€29,813below the sector's middle half▼ 3.2%-€20,436below the sector's middle half▲ 31.5%-€27,513below the sector's middle half▼ 34.6%
Solvency-59.2%below the sector's middle half▼ 1.9pp-28.9%below the sector's middle half▲ 30.4pp-47.4%below the sector's middle half▼ 18.6pp-0.3%below the sector's middle half▲ 47.2pp-31.1%below the sector's middle half▼ 30.9pp
Current ratio0.17below the sector's middle half▲ 0.010.22below the sector's middle half▲ 0.050.07below the sector's middle half▼ 0.150.28below the sector's middle half▲ 0.210.07below the sector's middle half▼ 0.21
Return on assets (ROA)-1.3%below the sector's middle half▼ 16.0pp27.6%above the sector's middle half▲ 28.9pp-9.4%below the sector's middle half▼ 37.1pp36.1%above the sector's middle half▲ 45.5pp-30.8%below the sector's middle half▼ 66.9pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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 turns negative in 2024: a loss of €6,427 after €11,897 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €22,626
Fixed assets
€20,465 ▲ 0.5%
Current assets
€2,161 ▼ 73.4%
Key figures and ratios
EBITDA
-€4,439▼
2023 · €13,366
Cash flow
-€4,980▼
2023 · €11,740
Debt to equity
-4.21
Interest coverage
-8.14▼
2023 · 11.87
Debt ≤ 1 year
€29,673▲
2023 · €28,550
Income taxes
-€5▼
2023 · €500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,940 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €924 | €917 | €1,135 | €1,469 | €1,987 | ▲ 35.3% |
| Other operating charges640/8 | - | €348 | €1,073 | €384 | €1,214 | ▲ 216% |
| Gross operating margin9900 | €3,474 | €9,335 | €273 | €13,751 | -€3,226 | ▼ 123% |
| Operating profit (loss)9901 | -€297 | €8,070 | -€1,934 | €11,897 | -€6,427 | ▼ 154% |
| Financial charges65/66B | - | €120 | €120 | €1,126 | €545 | ▼ 51.6% |
| Recurring financial charges65 | €60 | €120 | €120 | €1,126 | €545 | ▼ 51.6% |
| Profit (loss) for the period before taxes9903 | -€357 | €7,950 | -€2,054 | €10,771 | -€6,972 | ▼ 165% |
| Income taxes67/77 | - | - | - | €500 | -€5 | ▼ 101% |
| Profit (loss) for the period9904 | -€357 | €7,950 | -€2,054 | €10,271 | -€6,967 | ▼ 168% |
| Profit (loss) for the period to be appropriated9905 | -€357 | €7,950 | -€2,054 | €10,271 | -€6,967 | ▼ 168% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,443 | €28,759 | €21,820 | €28,470 | €22,626 | ▼ 20.5% |
| Fixed assets21/28 | €20,201 | €20,597 | €19,462 | €20,356 | €20,465 | ▲ 0.5% |
| Tangible fixed assets22/27 | €20,131 | €20,526 | €19,392 | €20,286 | €20,395 | ▲ 0.5% |
| Land and buildings22 | - | €19,207 | €18,626 | €18,046 | €17,466 | ▼ 3.2% |
| Furniture and vehicles24 | - | €1,320 | €765 | €2,240 | €2,929 | ▲ 30.8% |
| Financial fixed assets28 | €70 | €70 | €70 | €70 | €70 | = |
| Current assets29/58 | €7,243 | €8,162 | €2,358 | €8,114 | €2,161 | ▼ 73.4% |
| Amounts receivable within one year40/41 | €1,497 | - | - | €368 | €530 | ▲ 43.9% |
| Trade receivables40 | - | - | - | €368 | - | - |
| Other amounts receivable41 | - | - | - | - | €530 | - |
| Cash at bank and in hand54/58 | €5,746 | €8,162 | €2,358 | €7,746 | €1,631 | ▼ 78.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,443 | €28,759 | €21,820 | €28,470 | €22,626 | ▼ 20.5% |
| Equity10/15 | -€16,247 | -€8,297 | -€10,351 | -€80 | -€7,047 | ▼ 8,709% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€34,847 | -€26,897 | -€28,951 | -€18,680 | -€25,647 | ▼ 37.3% |
| Amounts payable17/49 | €43,691 | €37,056 | €32,171 | €28,550 | €29,673 | ▲ 3.9% |
| Amounts payable within one year42/48 | €43,691 | €37,056 | €32,171 | €28,550 | €29,673 | ▲ 3.9% |
| Trade debts44 | €1,241 | €795 | €455 | €552 | €1,094 | ▲ 98.3% |
| Suppliers440/4 | - | €795 | €455 | €552 | €1,094 | ▲ 98.3% |
| Taxes, remuneration and social security45 | - | €1,514 | €28 | €1,212 | €123 | ▼ 89.8% |
| Taxes450/3 | - | €1,514 | €28 | €1,212 | €123 | ▼ 89.8% |
| Other amounts payable47/48 | - | €34,747 | €31,688 | €26,786 | €28,456 | ▲ 6.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€357 | €7,950 | -€2,054 | €10,271 | -€6,967 | ▼ 168% |
| + Depreciation and write-downs630 | €924 | €917 | €1,135 | €1,469 | €1,987 | ▲ 35.3% |
| Operating cash flow (approximation) | €567 | €8,867 | -€919 | €11,740 | -€4,980 | ▼ 142% |
| Investment in fixed assets (approximation) | - | -€1,313 | €0 | -€2,363 | -€2,097 | ▲ 11.3% |
| Change in cash | - | €2,416 | -€5,804 | €5,388 | -€6,115 | ▼ 213% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €10,271
Net result €10,271 after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €7,950
Net result €7,950 after one loss-making year.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €4,078
Net result €4,078 after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-06
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.
0 of 3 acts read
About the unread acts
We know of 3 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
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
Registered office, Opwijk · 1 establishment unit since 2011
Ground area
253 m²
Building footprint
168 m²
Volume, LiDAR
813 m³
Parcel 23752G0233/00E000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SOLSEL
since 20112.200.839.730
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23752G0233/00E000 | Flanders | 253 m² | 1 · 168 m² | 7.3 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0833196841
Also
9925:BE0833196841
Registered
06-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.