SOLUBAT
ActiveSummary
SOLUBAT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4,915 and a net result of €6,224. Equity is shrinking by ~25.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency49▲+28
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
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
24.4%
Return on assets
30.9%
Age of the figures
21 mo
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
25 d late
2023
30 d late
2022
11 d late
2021
31 d late
2020
26 d late
2019
56 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 25 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, full schema
In the rankings
#10 oldest company in Colfontaine, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6,224
2023 · -€12,156
Working capital
-€6,130▲ 57.7%
2023 · -€14,476
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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€8,210-€256-€28,632▼ 11,076%-€11,712▲ 59.1%€6,355
Net result€6,301within the sector's middle half-€1,379below the sector's middle half-€30,028below the sector's middle half▼ 2,077%-€12,156below the sector's middle half▲ 59.5%€6,224within the sector's middle half
Equity€42,254within the sector's middle half▲ 17.5%€40,875below the sector's middle half▼ 3.3%€10,847below the sector's middle half▼ 73.5%-€1,309below the sector's middle half€4,915below the sector's middle half
Total assets€118,107below the sector's middle half▼ 33.3%€83,476below the sector's middle half▼ 29.3%€43,859below the sector's middle half▼ 47.5%€34,351below the sector's middle half▼ 21.7%€20,147below the sector's middle half▼ 41.3%
Debt€75,853▼ 46.3%€42,601▼ 43.8%€33,013▼ 22.5%€35,659▲ 8.0%€15,231▼ 57.3%
Working capital€114below the sector's middle half▼ 81.5%-€2,587below the sector's middle half€6,981below the sector's middle half-€14,476below the sector's middle half-€6,130below the sector's middle half▲ 57.7%
Solvency35.8%within the sector's middle half▲ 15.5pp49.0%within the sector's middle half▲ 13.2pp24.7%within the sector's middle half▼ 24.2pp-3.8%below the sector's middle half▼ 28.5pp24.4%within the sector's middle half▲ 28.2pp
Current ratio1.00below the sector's middle half=0.90below the sector's middle half▼ 0.101.21within the sector's middle half▲ 0.310.59below the sector's middle half▼ 0.620.60below the sector's middle half=
Return on assets (ROA)5.3%within the sector's middle half▲ 17.6pp-1.7%below the sector's middle half▼ 7.0pp-68.5%below the sector's middle half▼ 66.8pp-35.4%below the sector's middle half▲ 33.1pp30.9%above the sector's middle half▲ 66.3pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €6,355 after a loss of €11,712 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €20,147
Fixed assets
€11,045 ▼ 16.1%
Current assets
€9,102 ▼ 57.0%
Equity and liabilities €20,147
Equity
€4,915
Debt
€15,231
Debt finances 75.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€8,477▲
2023 · -€9,340
Cash flow
€8,346▲
2023 · -€9,784
Debt to equity
3.10▲
2023 · -27.25
ROE
126.6%
Interest coverage
64.89▲
2023 · -20.90
Debt ≤ 1 year
€15,231▼
2023 · €35,659
Staff costs
€93
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,818 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,113 | €298 | - | €8,890 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €93 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,935 | €2,836 | €2,033 | €2,372 | €2,122 | ▼ 10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €6,964 | €1,552 | - | - |
| Other operating charges640/8 | - | €585 | €71 | €236 | €137 | ▼ 41.8% |
| Non-recurring operating charges66A | - | - | €57,000 | - | - | - |
| Gross operating margin9900 | €16,440 | €3,165 | €37,436 | -€7,552 | €8,707 | ▲ 215% |
| Operating profit (loss)9901 | €8,210 | -€256 | -€28,632 | -€11,712 | €6,355 | ▲ 154% |
| Financial income75/76B | - | - | - | €3 | - | - |
| Recurring financial income75 | €0 | - | - | €3 | - | - |
| Financial charges65/66B | - | €1,123 | €1,396 | €447 | €131 | ▼ 70.8% |
| Recurring financial charges65 | €1,279 | €1,123 | €1,396 | €447 | €131 | ▼ 70.8% |
| Profit (loss) for the period before taxes9903 | €6,931 | -€1,379 | -€30,028 | -€12,156 | €6,224 | ▲ 151% |
| Income taxes67/77 | €630 | - | - | - | - | - |
| Profit (loss) for the period9904 | €6,301 | -€1,379 | -€30,028 | -€12,156 | €6,224 | ▲ 151% |
| Profit (loss) for the period to be appropriated9905 | €6,301 | -€1,379 | -€30,028 | -€12,156 | €6,224 | ▲ 151% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €118,107 | €83,476 | €43,859 | €34,351 | €20,147 | ▼ 41.3% |
| Fixed assets21/28 | €65,362 | €60,662 | €3,866 | €13,167 | €11,045 | ▼ 16.1% |
| Tangible fixed assets22/27 | €65,362 | €60,662 | €3,866 | €13,167 | €11,045 | ▼ 16.1% |
| Land and buildings22 | - | €57,000 | - | - | - | - |
| Plant, machinery and equipment23 | - | €2,331 | €2,068 | €1,390 | €917 | ▼ 34.1% |
| Furniture and vehicles24 | - | €1,331 | €1,798 | €1,015 | €500 | ▼ 50.7% |
| Other tangible fixed assets26 | - | - | - | €10,762 | €9,628 | ▼ 10.5% |
| Current assets29/58 | €52,746 | €22,813 | €39,994 | €21,184 | €9,102 | ▼ 57.0% |
| Amounts receivable within one year40/41 | €13,981 | €21,344 | €5,539 | €15,408 | €7,283 | ▼ 52.7% |
| Trade receivables40 | - | €19,732 | - | €14,512 | €7,283 | ▼ 49.8% |
| Other amounts receivable41 | - | €1,612 | €5,539 | €895 | - | - |
| Cash at bank and in hand54/58 | €38,764 | €1,470 | €34,455 | €4,673 | €1,475 | ▼ 68.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,103 | €344 | ▼ 68.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €118,107 | €83,476 | €43,859 | €34,351 | €20,147 | ▼ 41.3% |
| Equity10/15 | €42,254 | €40,875 | €10,847 | -€1,309 | €4,915 | ▲ 476% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €12,400 | €12,400 | - | - | - |
| Outside capital11 | - | - | - | €6,200 | €6,200 | = |
| Other1109/19 | - | - | - | €6,200 | €6,200 | = |
| Reserves13 | €36,054 | €34,675 | €16,161 | €16,161 | €16,161 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €32,815 | €14,301 | €16,161 | €16,161 | = |
| Profit (loss) carried forward14 | - | - | -€11,514 | -€23,669 | -€17,446 | ▲ 26.3% |
| Amounts payable17/49 | €75,853 | €42,601 | €33,013 | €35,659 | €15,231 | ▼ 57.3% |
| Amounts payable after more than one year17 | €23,222 | €16,840 | - | - | - | - |
| Financial debts170/4 | - | €16,840 | - | - | - | - |
| Amounts payable within one year42/48 | €52,631 | €25,401 | €33,013 | €35,659 | €15,231 | ▼ 57.3% |
| Current portion of amounts payable after more than one year42 | - | €6,382 | - | - | - | - |
| Trade debts44 | €36,614 | €17,608 | €28,771 | €30,518 | €10,065 | ▼ 67.0% |
| Suppliers440/4 | - | €17,608 | €28,771 | €30,518 | €10,065 | ▼ 67.0% |
| Taxes, remuneration and social security45 | - | €1,071 | - | - | €24 | - |
| Taxes450/3 | - | €1,071 | - | - | €24 | - |
| Other amounts payable47/48 | - | €340 | €4,242 | €5,142 | €5,142 | = |
| Accrued charges and deferred income492/3 | - | €360 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,301 | -€1,379 | -€30,028 | -€12,156 | €6,224 | ▲ 151% |
| + Depreciation and write-downs630 | €7,935 | €2,836 | €2,033 | €2,372 | €2,122 | ▼ 10.5% |
| Operating cash flow (approximation) | €14,236 | €1,457 | -€27,995 | -€9,784 | €8,346 | ▲ 185% |
| Investment in fixed assets (approximation) | - | €1,863 | €54,764 | -€11,673 | €0 | ▲ 100% |
| Change in cash | - | -€37,294 | €32,985 | -€29,781 | -€3,199 | ▲ 89.3% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
31-12
Financial
Back to profitnet €6,224
Net result €6,224 after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 11 days late
2022
31-12
Financial
Weakest financial yearnet -€30,028
Net result drops to -€30,028, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-12
Financial
Back to profitnet €6,301
Net result €6,301 after one loss-making year.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 56 days late
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 10 days late
15-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 168 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Colfontaine · 1 establishment unit since 2001
Ground area
567 m²
Parcel 53079A0646/00P000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de la Platinerie 10, 7340 Colfontaine
since 20012.093.395.305
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53079A0646/00P000 | Wallonia | 567 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.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 6,380 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
Founded21-11-2001
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43320Joinery installation
43350Other building finishing work
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476132418
Also
9925:BE0476132418
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.