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SOLUTION

Active
Private limited companyfounded 2021active for 4 yearsItaliëlaan 32, 1050 Elsene, Belgium13 active companies are registered at this addressKBO/BCE: BE 0775.983.271
Summary

The computed 12-month bankruptcy probability of SOLUTION is 2.8% (moderate). The 2025 annual accounts show equity of €11,225 and a net result of €10,725. Its solvency ranks better than 70% of 21,983 sector peers (NACE 47, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Retail trade
NACE 47260
1 site
Size
€19,838total assets 2025
Equity
€11,225
Profit
€10,725
Turnover not published (micro format)
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.8%
Structure
Accounts 44 days early1 of 5 deeds read
Why 53raises riskFounded in 2021Liquidity: current ratio 2.301 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed 21-06-2026)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 77% of its sector peers (NACE 47, micro)
Financial strength
Strong
Solvency 82
equity 56.6% of total assets
Liquidity 58
short-term debt 43.4%
Profitability 100
return on assets 54.1%
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,191 companies, NACE 47, micro)
Last 24 months 11-2024: 7.2% 12-2024: 7.3%▲ +0.1 percentage points vs 11-2024 01-2025: 7.3%● unchanged vs 12-2024highest value 02-2025: 7.3%● unchanged vs 01-2025highest value 03-2025: 7.3%● unchanged vs 02-2025highest value 04-2025: 7.3%● unchanged vs 03-2025highest value 05-2025: 7.3%● unchanged vs 04-2025highest value 06-2025: 7.3%● unchanged vs 05-2025highest value 07-2025: 6.7%▼ -0.6 percentage points vs 06-2025 08-2025: 6.7%● unchanged vs 07-2025 09-2025: 6.7%● unchanged vs 08-2025 10-2025: 6.4%▼ -0.3 percentage points vs 09-2025 11-2025: 6.3%▼ -0.1 percentage points vs 10-2025 12-2025: 6.3%● unchanged vs 11-2025 01-2026: 6.3%● unchanged vs 12-2025 02-2026: 6.3%● unchanged vs 01-2026 03-2026: 6.3%● unchanged vs 02-2026 04-2026: 6.4%▲ +0.1 percentage points vs 03-2026 05-2026: 6.4%● unchanged vs 04-2026 06-2026: 6.4%● unchanged vs 05-2026 07-2026: 2.0%▼ -4.4 percentage points vs 06-2026 08-2026: 2.0%● unchanged vs 07-2026lowest value 09-2026: 2.0%● unchanged vs 08-2026 10-2026: 2.8%▲ +0.8 percentage points vs 09-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity ample (current ratio 2.3; short-term debt: 43.4% of total assets), and 43.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 70% on solvency, 65% on liquidity and 96% on profitability.

The bankruptcy probability was computed on 11-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Founded in 2021
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 2.30
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Figures for financial year 2025 (filed 21-06-2026)
NBB · annual accounts
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 17-06-2026, 44 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
44 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Muhammad, Pazir (director and partner)Appointment: Lyanza, Nadine (director and…
  2. Annual accounts filedfinancial year 2025 · micro…

Financials · financial year 2025, micro format

Equity
€11,225
Total assets
€19,838
Net result
€10,725
Working capital
€11,225

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Equity and liabilities €19,838
Equity €11,225
Debt €8,613
Debt finances 43.4% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
2.30
Debt to equity
0.77
ROE
95.5%
ROA
54.1%
Debt ≤ 1 year
€8,613

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 39,278 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 · 21 lines
Balance sheet Code2025
Assets
Total assets20/58€19,838
Current assets29/58€19,838
Amounts receivable within one year40/41€19,838
Trade receivables40€19,338
Other amounts receivable41€500
Equity and liabilities
Total equity and liabilities10/49€19,838
Equity10/15€11,225
Contributions10/11€500
Profit (loss) carried forward14€10,725
Amounts payable17/49€8,613
Amounts payable within one year42/48€8,613
Trade debts44€8,430
Suppliers440/4€8,430
Taxes, remuneration and social security45€183
Taxes450/3€183
Income statement Code2025
Gross operating margin9900€10,725
Operating profit (loss)9901€10,725
Profit (loss) for the period before taxes9903€10,725
Profit (loss) for the period9904€10,725
Profit (loss) for the period to be appropriated9905€10,725
Appropriation of the result
Profit (loss) to be appropriated9906€10,725

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Gross operating margin9900€10,725
Operating profit (loss)9901€10,725
Profit (loss) for the period before taxes9903€10,725
Profit (loss) for the period9904€10,725
Profit (loss) for the period to be appropriated9905€10,725
Line2025
Assets
Total assets20/58€19,838
Current assets29/58€19,838
Amounts receivable within one year40/41€19,838
Trade receivables40€19,338
Other amounts receivable41€500
Equity and liabilities
Total equity and liabilities10/49€19,838
Equity10/15€11,225
Contributions10/11€500
Profit (loss) carried forward14€10,725
Amounts payable17/49€8,613
Amounts payable within one year42/48€8,613
Trade debts44€8,430
Suppliers440/4€8,430
Taxes, remuneration and social security45€183
Taxes450/3€183
Line2025
Profit (loss) for the period9904€10,725
Operating cash flow (approximation)€10,725

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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Similar companies · same sector, comparable size

Of the 410 companies in this sector, figures are known for 258. 144 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: not fully processed yet. The notices from June 2026 to September 2026 are still being read.

Directors

Directors
1 director, last change in 2026

Board 1

Lyanza, Nadine
Director and partner · since 23-06-2026
Current

Other functions 1

Lyanza, Nadine
Director and partner · since 23-06-2026
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
4 of this company's 5 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

2 people since 2026, 1 in office
Show
  • Board
  • Other function
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Lyanza, Nadine
  • Director and partner, from 23-06-2026 to date
  • Director and partner, from 23-06-2026 to date
Muhammad, Pazir
  • Director and partner, until 23-06-2026
  • Director and partner, until 23-06-2026
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
Stated in the act act of 11-09-2026 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

SOLUTION was incorporated on 20 October 2021 as a private limited company.1 The registered office was moved to Ixelles in 2026.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO (Crossroads Bank for Enterprises)
  2. 2Belgian Official Gazette, 11-09-2026
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
11-09
Gazette deed Resignation: Muhammad, Pazir (director and partner)
Appointment: Lyanza, Nadine (director and partner) · Share transfer · Shareholding7 facts ▸
  • General meeting, 23-06-2026
  • Director resignation, Muhammad, Pazir (director and partner)
  • Director appointment, Lyanza, Nadine (director and partner)
  • Share transfer, Muhammad, Pazir → Lyanza, Nadine
  • Shareholding, “devient ainsi la titulaire des 100 parts sociales dans la société SOLUTION, administrateur et associé” (deed in French)
  • Registered-office move, Avenue d'italie 32/18, 1050 Ixelles
  • Other provision, 23-06-2026
17-06
NBB filing Annual accounts filed
financial year 2025 · micro format
Gazette deedNBB filing
1 of 5 deeds read
About the unread acts

Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded20-10-2021
Financial year end31-12
Activities, NACEBEL 2025
47260Retail trade
47242Retail sale of chocolate and confectionery
47252Retail sale of beverages, general range
47279Other retail sale of food
47400Retail sale of information and communication equipment
Contact
E-mail kazmi-ali2203@hotmail.com
Phone 0475969198
E-invoicing
Not found in the Peppol Directory

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 12 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2021
registered office establishment The establishment unit on the map
Ground area
4,445 m²
Building footprint
732 m²
Building volume
16,041 m³
2 parcels, Brussels · tallest building 25.9 m. Linked by address, not a title deed.
13 companies at this address See who is registered here
1 establishment unit
SOLUTION
Gemeentestraat 63, 1210 Sint-Joost-ten-NodeRetail trade
since 2021unit no. 2.323.446.245
2 parcels
Brussels 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
21446D0143/00G000 Brussels 4,368 m² 1 · 656 m² 25.9 m · 8
21572B0588/00H008 Brussels 76 m² 1 · 76 m² 12.8 m · 3
How the parcels are linked
Good to know
Both parcels match the address exactly.