SOLUTION
ActiveSummary
SOLUTION has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €619k and a net result of €77k. Equity is growing by ~46.4% per year across the filed fiscal years. Its solvency ranks better than 59% of 233 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-7
Solvency78▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.55 in 2024; short-term debt: 23.4% and cash: 1% of total assets), and 47.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.9%
Return on assets
6.5%
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
31 d early
2023
14 d early
2022
29 d late
2021
51 d early
2020
31 d late
2019
20 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€77k▼ 52.9%
2024 · €163k
2018: €37k
2019: €40k▲ +10.3% vs 2018
2020: €14k▼ -64.7% vs 2019
2021: €303k▲ +2027% vs 2020highest in 8 years
2022: €74k▼ -75.6% vs 2021
2023: €-93k▼ -226% vs 2022lowest in 8 years
2024: €163k▲ +275% vs 2023
2025: €77k▼ -52.9% vs 2024
2018 → 2025
Working capital
€233k▼ 4.6%
2024 · €245k
2018: €-53klowest in 8 years
2019: €-30k▲ +43.3% vs 2018
2020: €-30k▼ -0.1% vs 2019
2021: €259k▲ +965% vs 2020
2022: €276k▲ +6.3% vs 2021highest in 8 years
2023: €182k▼ -33.9% vs 2022
2024: €245k▲ +34.2% vs 2023
2025: €233k▼ -4.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€399k-€473k▲ 18.5%€380k▼ 19.6%€542k▲ 42.8%€619k▲ 14.1%
2021: €399k
2022: €473k▲ +18.5% vs 2021
2023: €380k▼ -19.6% vs 2022lowest in 5 years
2024: €542k▲ +42.8% vs 2023
2025: €619k▲ +14.1% vs 2024highest in 5 years
Operating result€437k-€105k▼ 75.8%€-90k€210k€114k▼ 45.8%
2021: €437khighest in 5 years
2022: €105k▼ -75.8% vs 2021
2023: €-90k▼ -186% vs 2022lowest in 5 years
2024: €210k▲ +333% vs 2023
2025: €114k▼ -45.8% vs 2024
Net result€303k-€74k▼ 75.6%€-93k€163k€77k▼ 52.9%
2021: €303khighest in 5 years
2022: €74k▼ -75.6% vs 2021
2023: €-93k▼ -226% vs 2022lowest in 5 years
2024: €163k▲ +275% vs 2023
2025: €77k▼ -52.9% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.17M
Fixed assets
€663k ▲ 0.4%
Current assets
€506k ▼ 26.1%
Equity and liabilities €1.17M
Equity
€619k ▲ 14.1%
Debt
€550k ▼ 31.5%
Debt's share of the balance-sheet total falls from 59.7% to 47.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€316k▼
2024 · €352k
Cash flow
€279k▼
2024 · €304k
Current ratio
1.86▲
2024 · 1.55
Quick ratio
1.80▲
2024 · 1.54
Debt to equity
0.89▼
2024 · 1.48
ROE
12.4%▼
2024 · 30.0%
ROA
6.5%▼
2024 · 12.1%
Interest coverage
18.13▲
2024 · 18.05
Debt ≤ 1 year
€273k▼
2024 · €441k
Debt > 1 year
€277k▼
2024 · €362k
Income taxes
€20k▼
2024 · €29k
Staff costs
€546k▲
2024 · €519k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.35M€1.17M▼
Fixed assets21/28€660k€663k▲
Intangible fixed assets21€18k€42k▲
Tangible fixed assets22/27€569k€548k▼
Plant, machinery and equipment23€173k€182k▲
Furniture and vehicles24€73k€121k▲
Leasing and similar rights25€323k€246k▼
Financial fixed assets28€73k€73k▼
Current assets29/58€686k€506k▼
Stocks and contracts in progress3€5k€15k▲
Stocks30/36€5k€15k▲
Amounts receivable within one year40/41€659k€480k▼
Trade receivables40€623k€453k▼
Other amounts receivable41€36k€27k▼
Cash at bank and in hand54/58€22k€12k▼
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.17M▼
Equity10/15€542k€619k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€480k€557k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€79k€79k=
Distributable reserves133€396k€472k▲
Amounts payable17/49€803k€550k▼
Amounts payable after more than one year17€362k€277k▼
Financial debts170/4€362k€277k▼
Amounts payable within one year42/48€441k€273k▼
Current portion of amounts payable after more than one year42€91k€85k▼
Trade debts44€258k€104k▼
Suppliers440/4€258k€104k▼
Taxes, remuneration and social security45€92k€78k▼
Taxes450/3€31k€480▼
Remuneration and social security454/9€61k€77k▲
Other amounts payable47/48€387€7k▲
Income statement
Code20242025
Remuneration, social security and pensions62€519k€546k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€142k€202k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-71-
Other operating charges640/8€5k€5k▲
Gross operating margin9900€875k€867k▼
Operating profit (loss)9901€210k€114k▼
Financial income75/76B€948€674▼
Recurring financial income75€948€674▼
Financial charges65/66B€19k€17k▼
Recurring financial charges65€19k€17k▼
Profit (loss) for the period before taxes9903€191k€97k▼
Income taxes67/77€29k€20k▼
Profit (loss) for the period9904€163k€77k▼
Transfer to tax-exempt reserves689€78k-
Profit (loss) for the period to be appropriated9905€85k€77k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€77k▲
Profit (loss) brought forward from the previous period14P€-66k-
Transfer to equity691/2€19k€77k▲
To other reserves6921€19k€77k▲
Social balance
Average headcount (FTE)9087-8.7
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €8k | - | - | - | - |
| Remuneration, social security and pensions62 | €322k | €258k | €392k | €519k | €546k | ▲ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64k | €76k | €99k | €142k | €202k | ▲ 42.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-153 | €-71 | - | - |
| Other operating charges640/8 | €5k | €4k | €4k | €5k | €5k | ▲ 0.3% |
| Non-recurring operating charges66A | - | - | €792 | - | - | - |
| Gross operating margin9900 | €828k | €444k | €406k | €875k | €867k | ▼ 1.0% |
| Operating profit (loss)9901 | €437k | €105k | €-90k | €210k | €114k | ▼ 45.8% |
| Financial income75/76B | €2k | €2k | €1k | €948 | €674 | ▼ 28.8% |
| Recurring financial income75 | €2k | €2k | €1k | €948 | €674 | ▼ 28.8% |
| Financial charges65/66B | €5k | €4k | €4k | €19k | €17k | ▼ 10.5% |
| Recurring financial charges65 | €5k | €4k | €4k | €19k | €17k | ▼ 10.5% |
| Profit (loss) for the period before taxes9903 | €433k | €104k | €-93k | €191k | €97k | ▼ 49.3% |
| Income taxes67/77 | €130k | €30k | - | €29k | €20k | ▼ 29.1% |
| Profit (loss) for the period9904 | €303k | €74k | €-93k | €163k | €77k | ▼ 52.9% |
| Transfer to tax-exempt reserves689 | - | - | - | €78k | - | - |
| Profit (loss) for the period to be appropriated9905 | €303k | €74k | €-93k | €85k | €77k | ▼ 10.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €710k | €906k | €672k | €1.35M | €1.17M | ▼ 13.1% |
| Fixed assets21/28 | €206k | €273k | €209k | €660k | €663k | ▲ 0.4% |
| Intangible fixed assets21 | - | - | - | €18k | €42k | ▲ 126% |
| Tangible fixed assets22/27 | €133k | €200k | €137k | €569k | €548k | ▼ 3.6% |
| Plant, machinery and equipment23 | €9k | €27k | €36k | €173k | €182k | ▲ 4.9% |
| Furniture and vehicles24 | €65k | €144k | €101k | €73k | €121k | ▲ 65.2% |
| Leasing and similar rights25 | €59k | €29k | €0 | €323k | €246k | ▼ 23.7% |
| Financial fixed assets28 | €73k | €73k | €73k | €73k | €73k | ▼ 0.2% |
| Current assets29/58 | €504k | €633k | €463k | €686k | €506k | ▼ 26.1% |
| Amounts receivable after more than one year29 | €70k | €46k | €16k | - | - | - |
| Other amounts receivable291 | €70k | €46k | €16k | - | - | - |
| Stocks and contracts in progress3 | - | €6k | €4k | €5k | €15k | ▲ 210% |
| Stocks30/36 | - | €6k | €4k | €5k | €15k | ▲ 210% |
| Amounts receivable within one year40/41 | €362k | €552k | €387k | €659k | €480k | ▼ 27.2% |
| Trade receivables40 | €346k | €536k | €336k | €623k | €453k | ▼ 27.2% |
| Other amounts receivable41 | €16k | €16k | €51k | €36k | €27k | ▼ 27.0% |
| Cash at bank and in hand54/58 | €61k | €30k | €54k | €22k | €12k | ▼ 46.5% |
| Deferred charges and accrued income490/1 | €11k | - | €3k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €710k | €906k | €672k | €1.35M | €1.17M | ▼ 13.1% |
| Equity10/15 | €399k | €473k | €380k | €542k | €619k | ▲ 14.1% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €337k | €411k | €384k | €480k | €557k | ▲ 15.9% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | €1k | €1k | €1k | €79k | €79k | = |
| Distributable reserves133 | €330k | €404k | €377k | €396k | €472k | ▲ 19.3% |
| Profit (loss) carried forward14 | - | - | €-66k | - | - | - |
| Amounts payable17/49 | €311k | €433k | €292k | €803k | €550k | ▼ 31.5% |
| Amounts payable after more than one year17 | €66k | €41k | €12k | €362k | €277k | ▼ 23.4% |
| Financial debts170/4 | €66k | €41k | €12k | €362k | €277k | ▼ 23.4% |
| Amounts payable within one year42/48 | €245k | €357k | €281k | €441k | €273k | ▼ 38.1% |
| Current portion of amounts payable after more than one year42 | €38k | €44k | €29k | €91k | €85k | ▼ 7.2% |
| Trade debts44 | €79k | €163k | €133k | €258k | €104k | ▼ 59.7% |
| Suppliers440/4 | €79k | €163k | €133k | €258k | €104k | ▼ 59.7% |
| Taxes, remuneration and social security45 | €112k | €137k | €118k | €92k | €78k | ▼ 15.4% |
| Taxes450/3 | €77k | €111k | €42k | €31k | €480 | ▼ 98.4% |
| Remuneration and social security454/9 | €35k | €26k | €76k | €61k | €77k | ▲ 26.7% |
| Other amounts payable47/48 | €16k | €14k | - | €387 | €7k | ▲ 1,628% |
| Accrued charges and deferred income492/3 | - | €35k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €303k | €74k | €-93k | €163k | €77k | ▼ 52.9% |
| + Depreciation and write-downs630 | €64k | €76k | €99k | €142k | €202k | ▲ 42.8% |
| Operating cash flow (approximation) | €367k | €150k | €7k | €304k | €279k | ▼ 8.3% |
| Investment in fixed assets (approximation) | - | €-143k | €-36k | €-592k | €-205k | ▲ 65.4% |
| Change in cash | - | €-32k | €24k | €-32k | €-10k | ▲ 68.3% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €163k
Net result €163k after one loss-making year.
31-12
Financial
Equity above €500kEq €542k ▲42.8%
Equity rises from €380k to €542k.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-93k
Net result drops to €-93k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €303k ▲2,027%
Operating result €437k, net result €303k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.06
Current ratio from 0.90 to 2.06; short-term debt falls from €301k to €245k.
31-12
Financial
Equity above €200kEq €399k ▲316%
4 profitable years in a row build equity to €399k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
Show earlier events
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 2000
Ground area
5,859 m²
Building footprint
6,095 m²
Volume, LiDAR
33,872 m³
Parcel 11463D0410/00R000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Solution - Exhibit & Idea Builders
since 20002.116.078.853
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0410/00R000 | Flanders | 5,859 m² | 1 · 6,095 m² | 8.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 6,349 EUR awarded · 5,554 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 60 EUR | 60 EUR |
| 2024 | 1 | 360 EUR | 1,875 EUR |
| 2023 | 1 | 2,391 EUR | 81 EUR |
| 2022 | 2 | 3,538 EUR | 3,538 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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EXPO FORCE
BE 0846.208.994
Malle · Eq €626k
AXSE
BE 0667.976.840
Duffel · Eq €663k
DEL DIFFUSION
BE 0432.058.487
Wavre · Eq €665k
Focus Projects
BE 0724.683.238
Wommelgem · Eq €530k
Of 670 companies in sector 90392 we hold annual accounts for 205. 101 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-11-2000
Fiscal year end31-12
Trade name NL
EVENTUAL, SONO, SKYLINE DISPLAYS, RENTUAL
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
90392Design and construction of stages and sets
18120Other printing
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
43212Electrical installation work in industrial facilities
43320Joinery installation
43341Painting of buildings
73110Advertising agencies
90201Performing arts by independent artists
90393Specialised image, lighting and sound technical services
90399Other support activities for arts and performing arts
Contact
E-mail
info@solutiongroup.euAntwerpen
Scores and ratios are computed by Checked and are not a credit decision.