SOLUTION 3.0
ActiveSummary
The annual accounts of SOLUTION 3.0 for fiscal year 2024 show a net loss of 77% of the equity at the start of that year. The 2024 annual accounts show equity of €38k and a net result of €-126k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 17% of 1545 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
37
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-21
Solvency32▼-15
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.02 against 1.22 in 2023; short-term debt: 92.5% and cash: 7.2% of total assets), and 92.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
7.3%
Return on assets
-24.2%
Age of the figures
21 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-126k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1545 sector peers (2024).
NBB · sector comparisonPosition among 1545 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d late
2023
6 d late
2022
17 d late
2021
5 d early
2020
9 d early
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-126k▼ 972%
2023 · €-12k
2018: €46k
2019: €17k
2020: €55k
2021: €31k
2022: €9k
2023: €-12k
2018 → 2024
Working capital
€12k▼ 90.8%
2023 · €128k
2018: €44k
2019: €88k
2020: €268k
2021: €256k
2022: €225k
2023: €128k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€136k-€167k▲ 23.0%€176k▲ 5.2%€164k▼ 6.7%€38k▼ 76.9%
Operating result€82k-€55k▼ 32.9%€28k▼ 48.2%€3k▼ 89.7%€-108k
Net result€55k-€31k▼ 42.8%€9k▼ 71.9%€-12k€-126k▼ 972%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €108k after €3k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €521k
Fixed assets
€27k ▼ 26.9%
Current assets
€494k ▼ 29.6%
Equity and liabilities €521k
Equity
€38k ▼ 76.9%
Debt
€483k ▼ 15.9%
Debt's share of the balance-sheet total rises from 77.8% to 92.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-105k▼
2023 · €11k
Cash flow
€-123k▼
2023 · €-4k
Current ratio
1.02▼
2023 · 1.22
Debt to equity
12.71▲
2023 · 3.50
ROE
-332.2%▼
2023 · -7.2%
ROA
-24.2%▼
2023 · -1.6%
Interest coverage
-5.74▼
2023 · 0.51
Debt ≤ 1 year
€482k▼
2023 · €573k
Income taxes
€164
Staff costs
€122k▼
2023 · €150k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€738k€521k▼
Fixed assets21/28€37k€27k▼
Tangible fixed assets22/27€17k€13k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€16k€12k▼
Financial fixed assets28€20k€14k▼
Current assets29/58€701k€494k▼
Amounts receivable within one year40/41€536k€426k▼
Trade receivables40€536k€407k▼
Other amounts receivable41-€19k
Cash at bank and in hand54/58€153k€37k▼
Deferred charges and accrued income490/1€12k€30k▲
Equity and liabilities
Total equity and liabilities10/49€738k€521k▼
Equity10/15€164k€38k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€156k€30k▼
Amounts payable17/49€574k€483k▼
Amounts payable within one year42/48€573k€482k▼
Current portion of amounts payable after more than one year42€4k-
Financial debts43€175k€261k▲
Credit institutions430/8-€86k
Other loans439€175k€175k=
Trade debts44€332k€203k▼
Suppliers440/4€332k€203k▼
Taxes, remuneration and social security45€62k€18k▼
Taxes450/3€41k€10k▼
Remuneration and social security454/9€21k€8k▼
Accrued charges and deferred income492/3€1k€888▼
Income statement
Code20232024
Non-recurring operating income76A€7k€20k▲
Remuneration, social security and pensions62€150k€122k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€3k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€6k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€170k€26k▼
Operating profit (loss)9901€3k€-108k▼
Financial income75/76B€7k€436▼
Recurring financial income75€7k€436▼
Financial charges65/66B€22k€18k▼
Recurring financial charges65€22k€18k▼
Profit (loss) for the period before taxes9903€-12k€-126k▼
Income taxes67/77-€164
Profit (loss) for the period9904€-12k€-126k▼
Profit (loss) for the period to be appropriated9905€-12k€-126k▼
Appropriation of the result
Profit (loss) to be appropriated9906€156k€30k▼
Profit (loss) brought forward from the previous period14P€168k€156k▼
Social balance
Average headcount (FTE)90872.01.7▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
2024
31-12
Financial
Weakest financial yearnet €-126k
Net result drops to €-126k, the lowest in the series.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 6 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 17 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150kEq €167k ▲23%
4 profitable years in a row build equity to €167k.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €55k ▲222%
Operating result €82k, net result €55k, both a record.
31-12
Financial
Equity above €100kEq €136k ▲67.1%
3 profitable years in a row build equity to €136k.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 176 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Court-Saint-Etienne · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Cerisier 291490 Court-Saint-EtienneGround area
5.7 ha
Building footprint
1.5 ha
Volume, LiDAR
151,660 m³
2 parcels, Wallonia · tallest building 21.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SOLUTION 3.0
since 20112.198.828.860
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050E0040/00S000 ProtectedSite or landscape |
Wallonia | 5.5 ha | 1 · 1.5 ha | 21.1 m · 3 fl. |
| 25023K0224/00E003 | Wallonia | 2,149 m² | 1 · 138 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 6,613 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
73110Advertising agencies
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
77330Rental and leasing activities
90312Arts creation and performing arts activities
93110Operation of sports facilities
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.