SOLTIS
ActiveSummary
SOLTIS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €894k and a net result of €79k. Equity is growing by ~27.4% per year across the filed fiscal years. Its solvency ranks better than 53% of 2056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-2
Solvency70▼-21
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.22 against 4.12 in 2024; short-term debt: 40.6% and cash: 8.8% of total assets), but 54.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.3%
Return on assets
4%
Age of the figures
9 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
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
1 d late
2023
29 d late
2022
28 d late
2021
17 d late
2020
4 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€79k▼ 61.4%
2024 · €204k
2018: €359k
2019: €275k▼ -23.4% vs 2018
2020: €1.09M▲ +295% vs 2019highest in 8 years
2021: €455k▼ -58.1% vs 2020
2022: €565k▲ +24.1% vs 2021
2023: €646k▲ +14.2% vs 2022
2024: €204k▼ -68.4% vs 2023
2025: €79k▼ -61.4% vs 2024lowest in 8 years
2018 → 2025
Working capital
€977k▼ 54.7%
2024 · €2.15M
2018: €413klowest in 8 years
2019: €618k▲ +49.5% vs 2018
2020: €1.17M▲ +89.3% vs 2019
2021: €1.31M▲ +11.7% vs 2020
2022: €1.42M▲ +9.0% vs 2021
2023: €1.91M▲ +34.1% vs 2022
2024: €2.15M▲ +12.9% vs 2023highest in 8 years
2025: €977k▼ -54.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.15M-€1.32M▲ 14.4%€1.96M▲ 49.1%€2.17M▲ 10.4%€894k▼ 58.7%
2021: €1.15M
2022: €1.32M▲ +14.4% vs 2021
2023: €1.96M▲ +49.1% vs 2022
2024: €2.17M▲ +10.4% vs 2023highest in 5 years
2025: €894k▼ -58.7% vs 2024lowest in 5 years
Operating result€588k-€718k▲ 22.2%€787k▲ 9.6%€286k▼ 63.6%€2k▼ 99.5%
2021: €588k
2022: €718k▲ +22.2% vs 2021
2023: €787k▲ +9.6% vs 2022highest in 5 years
2024: €286k▼ -63.6% vs 2023
2025: €2k▼ -99.5% vs 2024lowest in 5 years
Net result€455k-€565k▲ 24.1%€646k▲ 14.2%€204k▼ 68.4%€79k▼ 61.4%
2021: €455k
2022: €565k▲ +24.1% vs 2021
2023: €646k▲ +14.2% vs 2022highest in 5 years
2024: €204k▼ -68.4% vs 2023
2025: €79k▼ -61.4% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 99% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.97M
Fixed assets
€194k ▼ 56.6%
Current assets
€1.78M ▼ 37.5%
Equity and liabilities €1.97M
Equity
€894k ▼ 58.7%
Provisions
€272k ▼ 14.0%
Debt
€806k ▼ 0.6%
Debt's share of the balance-sheet total rises from 24.6% to 40.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€88k▼
2024 · €359k
Cash flow
€165k▼
2024 · €277k
Current ratio
2.22▼
2024 · 4.12
Quick ratio
2.07▼
2024 · 3.83
Debt to equity
0.90▲
2024 · 0.37
ROE
8.8%▼
2024 · 9.4%
ROA
4.0%▼
2024 · 6.2%
Interest coverage
14.96▼
2024 · 32.18
Debt ≤ 1 year
€800k▲
2024 · €690k
Debt > 1 year
€0▼
2024 · €33k
Income taxes
€18k▼
2024 · €86k
Staff costs
€240k▼
2024 · €312k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 71 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.29M€1.97M▼
Fixed assets21/28€448k€194k▼
Intangible fixed assets21€13k€9k▼
Tangible fixed assets22/27€223k€152k▼
Plant, machinery and equipment23€58k€41k▼
Furniture and vehicles24€164k€109k▼
Other tangible fixed assets26€1k€993▼
Financial fixed assets28€212k€34k▼
Current assets29/58€2.84M€1.78M▼
Stocks and contracts in progress3€203k€123k▼
Stocks30/36€203k€123k▼
Amounts receivable within one year40/41€1.93M€1.47M▼
Trade receivables40€1.11M€552k▼
Other amounts receivable41€817k€922k▲
Current investments50/53€400k€0▼
Cash at bank and in hand54/58€289k€173k▼
Deferred charges and accrued income490/1€24k€7k▼
Equity and liabilities
Total equity and liabilities10/49€3.29M€1.97M▼
Equity10/15€2.17M€894k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.33M€832k▼
Non-distributable reserves130/1€617k€396k▼
Legal reserve130€6k€6k=
Reserves not available under the articles1311€611k€390k▼
Tax-exempt reserves132€709k€436k▼
Profit (loss) carried forward14€777k€0▼
Provisions and deferred taxes16€316k€272k▼
Provisions for liabilities and charges160/5€316k€272k▼
Environmental obligations163€316k€272k▼
Amounts payable17/49€811k€806k▼
Amounts payable after more than one year17€33k€0▼
Financial debts170/4€33k€0▼
Amounts payable within one year42/48€690k€800k▲
Current portion of amounts payable after more than one year42€37k€33k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€497k€454k▼
Suppliers440/4€497k€454k▼
Taxes, remuneration and social security45€28k€17k▼
Taxes450/3€3k€4k▲
Remuneration and social security454/9€26k€13k▼
Other amounts payable47/48€127k€295k▲
Accrued charges and deferred income492/3€88k€6k▼
Income statement
Code20242025
Remuneration, social security and pensions62€312k€240k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€86k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-22k€-44k▼
Other operating charges640/8€12k€11k▼
Non-recurring operating charges66A€7k€8k▲
Gross operating margin9900€669k€303k▼
Operating profit (loss)9901€286k€2k▼
Financial income75/76B€15k€100k▲
Recurring financial income75€15k€20k▲
Non-recurring financial income76B€0€80k▲
Financial charges65/66B€11k€6k▼
Recurring financial charges65€11k€6k▼
Profit (loss) for the period before taxes9903€290k€96k▼
Income taxes67/77€86k€18k▼
Profit (loss) for the period9904€204k€79k▼
Transfer from tax-exempt reserves789€168k€274k▲
Transfer to tax-exempt reserves689€95k€0▼
Profit (loss) for the period to be appropriated9905€278k€352k▲
Appropriation of the result
Profit (loss) to be appropriated9906€946k€1.13M▲
Profit (loss) brought forward from the previous period14P€668k€777k▲
Transfer from equity791/2-€494k
Transfer to equity691/2€168k€274k▲
To other reserves6921€168k€274k▲
Profit to be distributed694/7-€1.35M
Return on contributions (dividend)694-€1.35M
Social balance
Average headcount (FTE)90876.63.8▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €244k | €328k | €561k | €312k | €240k | ▼ 23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51k | €48k | €62k | €73k | €86k | ▲ 17.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-3k | €0 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-13k | €2k | €27k | €-22k | €-44k | ▼ 101% |
| Other operating charges640/8 | €9k | €26k | €9k | €12k | €11k | ▼ 12.3% |
| Non-recurring operating charges66A | €572 | €1k | €7k | €7k | €8k | ▲ 16.2% |
| Gross operating margin9900 | €879k | €1.12M | €1.45M | €669k | €303k | ▼ 54.7% |
| Operating profit (loss)9901 | €588k | €718k | €787k | €286k | €2k | ▼ 99.5% |
| Financial income75/76B | €40k | €59k | €108k | €15k | €100k | ▲ 589% |
| Recurring financial income75 | €40k | €59k | €106k | €15k | €20k | ▲ 40.3% |
| Non-recurring financial income76B | €0 | - | €1k | €0 | €80k | - |
| Financial charges65/66B | €10k | €13k | €15k | €11k | €6k | ▼ 47.5% |
| Recurring financial charges65 | €10k | €13k | €15k | €11k | €6k | ▼ 47.5% |
| Profit (loss) for the period before taxes9903 | €618k | €764k | €879k | €290k | €96k | ▼ 66.8% |
| Income taxes67/77 | €163k | €199k | €234k | €86k | €18k | ▼ 79.6% |
| Profit (loss) for the period9904 | €455k | €565k | €646k | €204k | €79k | ▼ 61.4% |
| Transfer from tax-exempt reserves789 | €84k | €269k | €89k | €168k | €274k | ▲ 62.5% |
| Transfer to tax-exempt reserves689 | €84k | €295k | €320k | €95k | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €455k | €540k | €415k | €278k | €352k | ▲ 26.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.54M | €3.35M | €3.71M | €3.29M | €1.97M | ▼ 40.1% |
| Fixed assets21/28 | €276k | €323k | €460k | €448k | €194k | ▼ 56.6% |
| Intangible fixed assets21 | €3k | €2k | €23k | €13k | €9k | ▼ 31.1% |
| Tangible fixed assets22/27 | €175k | €206k | €213k | €223k | €152k | ▼ 31.9% |
| Plant, machinery and equipment23 | €87k | €72k | €58k | €58k | €41k | ▼ 28.8% |
| Furniture and vehicles24 | €88k | €135k | €154k | €164k | €109k | ▼ 33.2% |
| Other tangible fixed assets26 | - | - | €1k | €1k | €993 | ▼ 11.6% |
| Financial fixed assets28 | €98k | €114k | €224k | €212k | €34k | ▼ 84.1% |
| Current assets29/58 | €2.26M | €3.03M | €3.25M | €2.84M | €1.78M | ▼ 37.5% |
| Stocks and contracts in progress3 | €269k | €366k | €372k | €203k | €123k | ▼ 39.3% |
| Stocks30/36 | €269k | €366k | €372k | €203k | €123k | ▼ 39.3% |
| Amounts receivable within one year40/41 | €1.73M | €2.13M | €2.51M | €1.93M | €1.47M | ▼ 23.6% |
| Trade receivables40 | €1.22M | €1.94M | €2.21M | €1.11M | €552k | ▼ 50.4% |
| Other amounts receivable41 | €510k | €191k | €301k | €817k | €922k | ▲ 12.9% |
| Current investments50/53 | - | - | - | €400k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €253k | €529k | €333k | €289k | €173k | ▼ 40.2% |
| Deferred charges and accrued income490/1 | €9k | €8k | €31k | €24k | €7k | ▼ 70.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.54M | €3.35M | €3.71M | €3.29M | €1.97M | ▼ 40.1% |
| Equity10/15 | €1.15M | €1.32M | €1.96M | €2.17M | €894k | ▼ 58.7% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €617k | €912k | €1.23M | €1.33M | €832k | ▼ 37.3% |
| Non-distributable reserves130/1 | €90k | €359k | €448k | €617k | €396k | ▼ 35.7% |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves not available under the articles1311 | €84k | €353k | €442k | €611k | €390k | ▼ 36.1% |
| Tax-exempt reserves132 | €526k | €552k | €783k | €709k | €436k | ▼ 38.6% |
| Profit (loss) carried forward14 | €472k | €343k | €668k | €777k | €0 | ▼ 100% |
| Provisions and deferred taxes16 | €309k | €311k | €338k | €316k | €272k | ▼ 14.0% |
| Provisions for liabilities and charges160/5 | €309k | €311k | €338k | €316k | €272k | ▼ 14.0% |
| Environmental obligations163 | €309k | €311k | €338k | €316k | €272k | ▼ 14.0% |
| Amounts payable17/49 | €1.08M | €1.73M | €1.41M | €811k | €806k | ▼ 0.6% |
| Amounts payable after more than one year17 | €103k | €119k | €69k | €33k | €0 | ▼ 100% |
| Financial debts170/4 | €103k | €119k | €69k | €33k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €955k | €1.61M | €1.34M | €690k | €800k | ▲ 16.0% |
| Current portion of amounts payable after more than one year42 | €50k | €50k | €52k | €37k | €33k | ▼ 11.1% |
| Financial debts43 | €58k | €23k | €84k | €0 | - | - |
| Credit institutions430/8 | €58k | €23k | €84k | €0 | - | - |
| Trade debts44 | €444k | €931k | €707k | €497k | €454k | ▼ 8.5% |
| Suppliers440/4 | €444k | €931k | €707k | €497k | €454k | ▼ 8.5% |
| Taxes, remuneration and social security45 | €24k | €96k | €109k | €28k | €17k | ▼ 40.1% |
| Taxes450/3 | €2k | €32k | €19k | €3k | €4k | ▲ 42.5% |
| Remuneration and social security454/9 | €22k | €64k | €90k | €26k | €13k | ▼ 48.4% |
| Other amounts payable47/48 | €379k | €507k | €384k | €127k | €295k | ▲ 132% |
| Accrued charges and deferred income492/3 | €20k | €0 | €920 | €88k | €6k | ▼ 93.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €455k | €565k | €646k | €204k | €79k | ▼ 61.4% |
| + Depreciation and write-downs630 | €51k | €48k | €62k | €73k | €86k | ▲ 17.9% |
| Operating cash flow (approximation) | €506k | €614k | €707k | €277k | €165k | ▼ 40.5% |
| Investment in fixed assets (approximation) | - | €-95k | €-199k | €-60k | €167k | ▲ 376% |
| Change in cash | - | €276k | €-196k | €-45k | €-116k | ▼ 159% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €79k ▼61.4%
Net result drops to €79k, the lowest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 1 day late
2024
31-12
Financial
Equity above €2MEq €2.17M ▲10.4%
7 profitable years in a row build equity to €2.17M.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
31-12
Financial
Equity above €1MEq €1.15M ▲15.6%
4 profitable years in a row build equity to €1.15M.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 4 days late
2020
31-12
Financial
Highest result since 2018net €1.09M ▲295%
Operating result €1.44M, net result €1.09M, both a record.
31-12
Financial
Equity above €500kEq €995k ▲143%
3 profitable years in a row build equity to €995k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Evere · 1 establishment unit since 2008
Ground area
3,413 m²
Parcel 21372D0090/00V000, Brussels. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Soltis
since 20082.170.574.047
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372D0090/00V000 | Brussels | 3,413 m² | - | - |
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.
Recognitions · licences · registrations
Recognised contractor
5 categoriesSOLTIS SA30898
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 3,265 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-05-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
Phone
02/7799712Evere
Fax
02/7722328Evere
Scores and ratios are computed by Checked and are not a credit decision.