Result
-€52,544 -€52,544
From profit to loss in 2025, after a profit of €80,267 in 2024.
SOLUSIO
Lifetime
9 annual accounts with figures on one time axispeak €1.7m (2024)
€1.6m▼ 10.1%
lowest -€360,727 (2023)
-€52,544▼ €132,811
peak €1.0m (2022)
€803,498▼ 6.1%
€5.1m▲ 2.9%
peak 19 FTE (2024)
18.7 FTE▼ 1.6%
Board2 names since 2020
1 directorMACY
Owners2 names in the annual accounts
64.75%MACY and 1 other
Documentsfilings and deeds
29-06-202632 days before the deadline
2025abbreviated format
Loss of €52,544Cash from €69,992 to €154,882
Key points
from the 2025 annual accountsTurnover
≈ €4.4m estimated
The abbreviated format states no turnover.
Debts
€5.1m 86% of the balance sheet
Financial debts 63%Suppliers 10%Taxes and wages 6%Other 22%
Of this, €2.3m falls due within a year.
Staff
19 employees on 31-12-2025
In 2025, 5 people joined and 7 left.
Filings
9 annual accounts 2 late
The 2023 accounts came latest: 63 days after the end of the period.
Position in the sector
-€52,544
Lower net result than 93% of companies in specialised construction. Sector median €26,646 · 9,965 companies.
Checked score
50
Fair
Financially stronger than 21% of small companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.1%highest value
01-2025: 5.1%● unchanged vs 12-2024
02-2025: 3.9%▼ -1.2 percentage points vs 01-2025
03-2025: 3.9%● unchanged vs 02-2025
04-2025: 4.0%▲ +0.1 percentage points vs 03-2025
05-2025: 4.0%● unchanged vs 04-2025
06-2025: 4.2%▲ +0.2 percentage points vs 05-2025
07-2025: 2.7%▼ -1.5 percentage points vs 06-2025
08-2025: 2.7%● unchanged vs 07-2025
09-2025: 2.7%● unchanged vs 08-2025
10-2025: 2.7%● unchanged vs 09-2025
11-2025: 2.7%● unchanged vs 10-2025
12-2025: 2.7%● unchanged vs 11-2025
01-2026: 2.7%● unchanged vs 12-2025
02-2026: 2.8%▲ +0.1 percentage points vs 01-2026
03-2026: 2.7%▼ -0.1 percentage points vs 02-2026lowest value
04-2026: 2.7%● unchanged vs 03-2026
05-2026: 2.7%● unchanged vs 04-2026
06-2026: 2.9%▲ +0.2 percentage points vs 05-2026
07-2026: 3.0%▲ +0.1 percentage points vs 06-2026
08-2026: 3.3%▲ +0.3 percentage points vs 07-2026
09-2026: 3.8%▲ +0.5 percentage points vs 08-2026
10-2026: 2.8%▼ -1.0 percentage point vs 09-2026
11-2026: 2.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.47, cash €154,882
Equity €803,498 (13.4% of total assets)
1 of the last 3 accounts late
Size: 18.7 FTE, total assets €6.0m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 14% of them on solvency, 32% on liquidity, 19% on profitability and 20% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,423 companies had the same profile as SOLUSIO has now. Each dot stands for 4 companies, two years later.
96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SOLUSIO itself is higher: 2.8% within 12 months. It rests on far more data about SOLUSIO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,423 companies, not a prediction for SOLUSIO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.47 (0.46 in 2024), below 1. Short-term debt is 38.8% and cash 2.6% of total assets. 86.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9973 sector peers (2025).
NBB · sector comparisonPosition among 9973 sector peers
Solvency
better than 15%
← weakest
strongest →
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 29-06-2026, 32 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
32 days early
2024
31 days early
2023
63 days late
2022
30 days late
2021
46 days early
2020
38 days early
2019
46 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (4 of the last 5 accounts filed within 61 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MACY 64.75%equity €55,530 (2025) · annual accounts 2025
- TECHNI-SALES 31.2%score 95equity €2.6m (2025) · annual accounts 2025
- Caroline De Buckannual accounts 2025
Shares in 3 companies, including Fassado and TIBAS
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0662680343
1 director appointed, 1 resignation
Permanent representatives: René Schepens and De Buck Frederik · Resignation: De Buck Caroline · Appointment: Macy · General meeting of 04-09-2023 · Gazette deed
Capital increase of €100,000 to €368,600
Capital from €268,600 to €368,600, 14 new shares · Contribution: TECHNI-SALES · DE BUCK Caroline holds 100 shares · General meeting of 27-03-2023 · Gazette deed
Registered office moved from Merelbeke to Zwijnaarde
New registered office: Nieuwescheldestraat 1-3, 9052 Zwijnaarde · Previous registered office: Chrystantenstraat 39, 9820 Merelbeke · General meeting of 10-10-2022 · Gazette deed
Comparable companies
same main activity, the nearest in size| Company | ||||
|---|---|---|---|---|
| SOLUSIO Ghent | €6.0m | €1.6m | 13.4% | 18.7 |
| GROUP BRS Kortenberg | €2.9m | €1.2m | 40.0% | 13.1 |
| HEVADEX Applications Lokeren | €2.0m | €1.6m | 53.4% | 16.1 |
| ROOF SYSTEMS Verviers | €2.7m | €1.9m | 13.1% | 26.6 |
| DVH-ROOF Staden | €2.1m | €1.1m | 84.5% | 5.9 |
| HYDROTEC ASSAINISSEMENT Wavre | €1.1m | €1.5m | 48.4% | 18.3 |
| GROUP PROTECT Zwevegem | €2.1m | €1.2m | 25.4% | 15.6 |
These companies have the same main activity as SOLUSIO: specialised construction activities (NACE 43421). They are smaller than SOLUSIO: total assets between €1.1m and €2.9m, founded between 2002 and 2017.
Official details
Source: KBO- Status
- Active since 16-09-2016Normal situation
- Activity
- Specialised construction activitiesNACE 43421
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2021
- Establishment units
- 2.258.298.9669052 Ghent, since 16-09-2016
- 2.293.154.3331790 Affligem, since 13-09-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 17-06-2025
Annual accounts 2025
- €6.0m▲ 1.5%
- Employeeson 31-12-2025
- 19▼ 9.5%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Companies linked to SOLUSIO
Subsidiaries and holdings
- VOCHTPROTECT100%
Insights on SOLUSIO
SOLUSIO files the abbreviated format. That format states no turnover. The gross margin rose from €396,404 in 2017 to €1.6m in 2025.
The balance sheet grew most from 2019 to 2021 through fixed assets, financed with long-term debt.
MACY holds 64.75% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SOLUSIO
- What is the company number of SOLUSIO?
- The company number of SOLUSIO is 0662.680.343. The VAT number is the same number with BE in front: BE 0662.680.343.
- Where is SOLUSIO based?
- The registered office is at Nieuwescheldestraat 1-3, 9052 Ghent.Company details
- What does SOLUSIO do?
- According to the KBO register, the main activity is specialised construction activities (NACE 43421).
- What is the legal form of SOLUSIO?
- SOLUSIO is a private limited company (BV).
- When was SOLUSIO founded?
- SOLUSIO was founded on 16-09-2016.
- Is SOLUSIO still active?
- Yes, SOLUSIO is an active enterprise in the KBO register.
- How many employees does SOLUSIO have?
- SOLUSIO had an average of 18.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SOLUSIO fall under?
- In its 2021 annual accounts, SOLUSIO states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of SOLUSIO?
- The turnover in financial year 2025 is ≈ €4.4m. This figure is estimated from the gross margin of €1.6m and 67 comparable companies (NACE 43). It probably lies between €3.4m and €5.8m.
- Is SOLUSIO profitable?
- In financial year 2025, SOLUSIO made a loss of €52,544.
- Where can I find the annual accounts of SOLUSIO?
- SOLUSIO filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOLUSIO due?
- SOLUSIO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
See how customers, suppliers and banks see your own company and what to improve first.