Solude
ActiveSummary
The computed 12-month bankruptcy probability of Solude is 8.9% (elevated). The 2025 annual accounts show negative equity (-€59,357) and a net result of -€26,819. Equity is shrinking by ~95% per year across the filed fiscal years. Its solvency ranks better than 5% of 13484 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
8.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.17 in 2024; cash: 0.9% of total assets), and equity is negative.
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Signals
Six 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Return on assets
-509%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€59,357
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 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 · 3 filingsDeviation from the deadline
2025
23 d late
2024
27 d late
2023
191 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 80 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€59,357▼ 82.4%
2024 · -€32,538
Total assets
€5,269▼ 77.4%
2024 · €23,302
Net result
-€26,819▲ 23.4%
2024 · -€35,003
Working capital
-€59,523▼ 28.7%
2024 · -€46,267
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€6,638--€27,768-€26,649▲ 4.0%
Net result€4,028--€35,003-€26,819▲ 23.4%
Equity€2,465--€32,538-€59,357▼ 82.4%
Total assets€25,387-€23,302▼ 8.2%€5,269▼ 77.4%
Debt€22,922-€55,840▲ 144%€64,627▲ 15.7%
Working capital-€15,147--€46,267▼ 205%-€59,523▼ 28.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26,649 in 2025 against €27,768 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5,269
Fixed assets
€166 ▼ 98.8%
Current assets
€5,104 ▼ 46.7%
Key figures and ratios
EBITDA
-€26,583▼
2024 · -€21,885
Cash flow
-€26,753▲
2024 · -€29,120
Current ratio
0.08▼
2024 · 0.17
Debt to equity
-1.09▲
2024 · -1.72
ROA
-509.0%▼
2024 · -150.2%
Interest coverage
-156.44▼
2024 · -3.02
Debt ≤ 1 year
€64,627▲
2024 · €55,840
Staff costs
€22,446▼
2024 · €40,026
A ratio outside any meaningful range has been withheld (balance sheet total €5,269, equity -€59,357).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €12,756 | €40,026 | €22,446 | ▼ 43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,754 | €5,883 | €66 | ▼ 98.9% |
| Other operating charges640/8 | €1,718 | €5,084 | - | - |
| Gross operating margin9900 | €26,865 | €23,225 | -€4,138 | ▼ 118% |
| Operating profit (loss)9901 | €6,638 | -€27,768 | -€26,649 | ▲ 4.0% |
| Financial charges65/66B | €1,008 | €7,235 | €170 | ▼ 97.7% |
| Recurring financial charges65 | €1,008 | €7,235 | €170 | ▼ 97.7% |
| Profit (loss) for the period before taxes9903 | €5,629 | -€35,003 | -€26,819 | ▲ 23.4% |
| Income taxes67/77 | €1,601 | - | - | - |
| Profit (loss) for the period9904 | €4,028 | -€35,003 | -€26,819 | ▲ 23.4% |
| Profit (loss) for the period to be appropriated9905 | €4,028 | -€35,003 | -€26,819 | ▲ 23.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €25,387 | €23,302 | €5,269 | ▼ 77.4% |
| Fixed assets21/28 | €19,612 | €13,729 | €166 | ▼ 98.8% |
| Intangible fixed assets21 | €16,667 | €11,667 | - | - |
| Tangible fixed assets22/27 | €2,945 | €2,062 | €166 | ▼ 92.0% |
| Furniture and vehicles24 | €2,945 | €2,062 | €166 | ▼ 92.0% |
| Current assets29/58 | €5,775 | €9,574 | €5,104 | ▼ 46.7% |
| Stocks and contracts in progress3 | €2,614 | €3,661 | - | - |
| Stocks30/36 | €2,614 | €3,661 | - | - |
| Amounts receivable within one year40/41 | €20 | €4,781 | €5,058 | ▲ 5.8% |
| Trade receivables40 | - | €3,933 | €5,000 | ▲ 27.1% |
| Other amounts receivable41 | €20 | €848 | €58 | ▼ 93.2% |
| Cash at bank and in hand54/58 | €3,141 | €1,133 | €46 | ▼ 95.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €25,387 | €23,302 | €5,269 | ▼ 77.4% |
| Equity10/15 | €2,465 | -€32,538 | -€59,357 | ▼ 82.4% |
| Contributions10/11 | €2,300 | €2,300 | €2,300 | = |
| Profit (loss) carried forward14 | €165 | -€34,838 | -€61,657 | ▼ 77.0% |
| Amounts payable17/49 | €22,922 | €55,840 | €64,627 | ▲ 15.7% |
| Amounts payable within one year42/48 | €20,922 | €55,840 | €64,627 | ▲ 15.7% |
| Trade debts44 | €3,821 | €12,036 | - | - |
| Suppliers440/4 | €3,821 | €12,036 | - | - |
| Taxes, remuneration and social security45 | €15,143 | €15,561 | - | - |
| Taxes450/3 | €15,143 | €15,561 | - | - |
| Other amounts payable47/48 | €1,958 | €28,243 | €64,627 | ▲ 129% |
| Accrued charges and deferred income492/3 | €2,000 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,028 | -€35,003 | -€26,819 | ▲ 23.4% |
| + Depreciation and write-downs630 | €5,754 | €5,883 | €66 | ▼ 98.9% |
| Operating cash flow (approximation) | €9,783 | -€29,120 | -€26,753 | ▲ 8.1% |
| Investment in fixed assets (approximation) | - | €0 | €13,497 | - |
| Change in cash | - | -€2,008 | -€1,087 | ▲ 45.9% |
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
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 23 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
07-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 191 days late
2024
31-12
Financial
Weakest financial yearnet -€35,003
Net result drops to -€35,003, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Waterloo · 1 establishment unit since 2021
Ground area
5,508 m²
Building footprint
1,004 m²
Volume, LiDAR
11,466 m³
2 parcels, Wallonia · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
34
companies at this address
See who is registered here
1 establishment unit
Solude
since 20212.323.067.351
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0600/00M000 | Wallonia | 5,427 m² | 1 · 954 m² | 14.7 m · 4 fl. |
| 25110A0195/00_000 | Wallonia | 81 m² | 1 · 50 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,889. 1,976 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
Founded07-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.