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SOLUTEK

Active
Private limited companyfounded 20232 yrs activeRue Nestor Jonet(CO) 27, 6180 Courcelles, BelgiumKBO/BCE: BE 1000.709.408
Summary

The computed 12-month bankruptcy probability of SOLUTEK is 2.5% (moderate). The 2025 annual accounts show equity of €23,787 and a net result of €16,643. Its solvency ranks better than 31% of 28184 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability95▲+95
Solvency55▼-41
Growth78
Track record82
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.99 against 3.41 in 2024; short-term debt: 70.1% and cash: 13% of total assets), and 70.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2 years 0 10 y
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 · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
29.9%
Return on assets
20.9%
Age of the figures
9 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 10-07-2026, 21 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
21 d early
2024
16 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 19 days before 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 (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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
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

SOLUTEK was incorporated on 3 October 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€23,787▲ 233%
2024 · €7,145
Total assets
€79,443▲ 686%
2024 · €10,104
Net result
€16,643
2024 · -€7,855
Working capital
-€632
2024 · €7,145
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
Line20242025
Operating result-€8,573-€16,793
Net result-€7,855-€16,643
Equity€7,145-€23,787▲ 233%
Total assets€10,104-€79,443▲ 686%
Debt€2,960-€55,655▲ 1,781%
Working capital€7,145--€632
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2024: -€8,573-€8,573Net result 2024: -€7,855-€7,855Operating result 2025: €16,793€16,793Net result 2025: €16,643€16,64320242025-€10,000€0€10,000€20,000Operating result 2024: -€8,573-€8,570Net result 2024: -€7,855-€7,860Operating result 2025: €16,793€16,800Net result 2025: €16,643€16,60020242025
The operating result returns to profit in 2025: €16,793 after a loss of €8,573 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79,443
Fixed assets €24,419
Current assets €55,024
Equity and liabilities €79,443
Equity €23,787 ▲ 233%
Debt €55,655 ▲ 1,781%
Debt's share of the balance-sheet total rises from 29.3% to 70.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€22,897
Cash flow
€22,747
Current ratio
0.99▼
2024 · 3.41
Debt to equity
2.34▲
2024 · 0.41
ROE
70.0%▲
2024 · -110.0%
ROA
20.9%▲
2024 · -77.7%
Interest coverage
152.65
Debt ≤ 1 year
€55,655▲
2024 · €2,960
Staff costs
€14,103▼
2024 · €27,228
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.1% went bankrupt
1.6% stopped otherwise
94% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.5% 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 7,976 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 · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€10,104€79,443▲
Fixed assets21/28-€24,419
Tangible fixed assets22/27-€24,419
Furniture and vehicles24-€24,419
Current assets29/58€10,104€55,024▲
Amounts receivable within one year40/41€2,120€44,714▲
Trade receivables40€1,104€35,072▲
Other amounts receivable41€1,016€9,642▲
Cash at bank and in hand54/58€7,984€10,310▲
Equity and liabilities
Total equity and liabilities10/49€10,104€79,443▲
Equity10/15€7,145€23,787▲
Contributions10/11€15,000€15,000=
Profit (loss) carried forward14-€7,855€8,787▲
Amounts payable17/49€2,960€55,655▲
Amounts payable within one year42/48€2,960€55,655▲
Trade debts44€465€53,095▲
Suppliers440/4€465€53,095▲
Other amounts payable47/48€2,495€2,561▲
Income statement Code20242025
Remuneration, social security and pensions62€27,228€14,103▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€6,105
Gross operating margin9900€18,655€37,001▲
Operating profit (loss)9901-€8,573€16,793▲
Financial charges65/66B-€718€150▲
Recurring financial charges65-€718€150▲
Profit (loss) for the period before taxes9903-€7,855€16,643▲
Profit (loss) for the period9904-€7,855€16,643▲
Profit (loss) for the period to be appropriated9905-€7,855€16,643▲
Appropriation of the result
Profit (loss) to be appropriated9906-€7,855€8,787▲
Profit (loss) brought forward from the previous period14P--€7,855

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62€27,228€14,103▼ 48.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€6,105-
Gross operating margin9900€18,655€37,001▲ 98.3%
Operating profit (loss)9901-€8,573€16,793▲ 296%
Financial charges65/66B-€718€150▲ 121%
Recurring financial charges65-€718€150▲ 121%
Profit (loss) for the period before taxes9903-€7,855€16,643▲ 312%
Profit (loss) for the period9904-€7,855€16,643▲ 312%
Profit (loss) for the period to be appropriated9905-€7,855€16,643▲ 312%
Line20242025Change
Assets
Total assets20/58€10,104€79,443▲ 686%
Fixed assets21/28-€24,419-
Tangible fixed assets22/27-€24,419-
Furniture and vehicles24-€24,419-
Current assets29/58€10,104€55,024▲ 445%
Amounts receivable within one year40/41€2,120€44,714▲ 2,009%
Trade receivables40€1,104€35,072▲ 3,078%
Other amounts receivable41€1,016€9,642▲ 849%
Cash at bank and in hand54/58€7,984€10,310▲ 29.1%
Equity and liabilities
Total equity and liabilities10/49€10,104€79,443▲ 686%
Equity10/15€7,145€23,787▲ 233%
Contributions10/11€15,000€15,000=
Profit (loss) carried forward14-€7,855€8,787▲ 212%
Amounts payable17/49€2,960€55,655▲ 1,781%
Amounts payable within one year42/48€2,960€55,655▲ 1,781%
Trade debts44€465€53,095▲ 11,325%
Suppliers440/4€465€53,095▲ 11,325%
Other amounts payable47/48€2,495€2,561▲ 2.6%
Line20242025Change
Profit (loss) for the period9904-€7,855€16,643▲ 312%
+ Depreciation and write-downs630-€6,105-
Operating cash flow (approximation)-€7,855€22,747▲ 390%
Change in cash-€2,326-

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Back to profitnet €16,643
Net result €16,643 after one loss-making year.
15-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Courcelles · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
68 m²
Building footprint
46 m²
Volume, LiDAR
451 m³
Parcel 52322B0331/00R000, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SOLUTEK
Rue Nestor Jonet(CO) 27, 6180 CourcellesGeneral electrical installation work
since 20232.351.305.635
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52322B0331/00R000 Wallonia 68 m² 1 · 46 m² 11.5 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. 7,562 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
Founded03-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
41001General construction of residential buildings
41003General construction of other non-residential buildings
47120Other non-specialised retail sale
61100Wired, wireless and satellite telecommunications
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1000709408
Registered 29-10-2025

Register as of 27 September 2026 · Peppol Directory

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