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SOLTYS DESIGN

Active
Private limited companyfounded 20241 yr activeGeorges Wittouckstraat 55, 1600 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 1016.512.785
Summary

The computed 12-month bankruptcy probability of SOLTYS DESIGN is 1.8% (moderate). The 2024 annual accounts show equity of €7,296 and a net result of €4,296. Its solvency ranks better than 10% of 36380 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability42
Solvency28
Growth-
Track record67
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.03; short-term debt: 97.2% and cash: 2.4% of total assets), and 97.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
2.8%
Return on assets
1.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36380 sector peers (2024).
NBB · sector comparison
Position among 36380 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2024
58 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 58 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 22 November 2024, SOLTYS DESIGN was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€7,296
Total assets
€260,940
Net result
€4,296
Working capital
€7,296

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

Balance-sheet composition
Equity and liabilities €260,940
Equity €7,296
Debt €253,644
Debt finances 97.2% of the balance-sheet total.
Key figures and ratios
2024 value
Current ratio
1.03
Debt to equity
34.76
ROE
58.9%
ROA
1.6%
Debt ≤ 1 year
€253,644
Income taxes
€1,074

Peer companies

Historical observation

Of the 514 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
1.6% went bankrupt
1.2% stopped otherwise
97% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 514 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 · 2024 · 25 lines
Balance sheet Code2024
Assets
Total assets20/58€260,940
Current assets29/58€260,940
Amounts receivable within one year40/41€254,673
Trade receivables40€254,673
Cash at bank and in hand54/58€6,267
Equity and liabilities
Total equity and liabilities10/49€260,940
Equity10/15€7,296
Contributions10/11€3,000
Profit (loss) carried forward14€4,296
Amounts payable17/49€253,644
Amounts payable within one year42/48€253,644
Trade debts44€252,569
Suppliers440/4€108,704
Bills of exchange payable441€143,866
Taxes, remuneration and social security45€1,074
Taxes450/3€1,074
Income statement Code2024
Gross operating margin9900€5,384
Operating profit (loss)9901€5,384
Financial charges65/66B€14
Recurring financial charges65€14
Profit (loss) for the period before taxes9903€5,370
Income taxes67/77€1,074
Profit (loss) for the period9904€4,296
Profit (loss) for the period to be appropriated9905€4,296
Appropriation of the result
Profit (loss) to be appropriated9906€4,296

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Gross operating margin9900€5,384
Operating profit (loss)9901€5,384
Financial charges65/66B€14
Recurring financial charges65€14
Profit (loss) for the period before taxes9903€5,370
Income taxes67/77€1,074
Profit (loss) for the period9904€4,296
Profit (loss) for the period to be appropriated9905€4,296
Line2024
Assets
Total assets20/58€260,940
Current assets29/58€260,940
Amounts receivable within one year40/41€254,673
Trade receivables40€254,673
Cash at bank and in hand54/58€6,267
Equity and liabilities
Total equity and liabilities10/49€260,940
Equity10/15€7,296
Contributions10/11€3,000
Profit (loss) carried forward14€4,296
Amounts payable17/49€253,644
Amounts payable within one year42/48€253,644
Trade debts44€252,569
Suppliers440/4€108,704
Bills of exchange payable441€143,866
Taxes, remuneration and social security45€1,074
Taxes450/3€1,074
Line2024
Profit (loss) for the period9904€4,296
Operating cash flow (approximation)€4,296

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

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Timeline · acts, filings and financial milestones

2025
27-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Sint-Pieters-Leeuw · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
78 m²
Building footprint
75 m²
Volume, LiDAR
551 m³
Parcel 23582E0273/00S000, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
SOLTYS DESIGN
Georges Wittouckstraat 55, 1600 Sint-Pieters-LeeuwGeneral construction of buildings
since 20242.372.834.685
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23582E0273/00S000 Flanders 77 m² 1 · 75 m² 9.6 m · 3 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.

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 4,646 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded22-11-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
41001General construction of residential buildings
43221Plumbing work
43320Joinery installation
43341Painting of buildings
43422Screed work
E-invoicing
Reachable via Peppol
Peppol ID 0208:1016512785
Registered 22-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.