Solution Group
ActiveSummary
Solution Group has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,236 and a net result of €886. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 35% of 181 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+27
Solvency49▼-9
Growth32=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-05-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
30 d late
2022
31 d late
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 23 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 31 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€3,236▲ 37.7%
2024 · €2,350
Total assets
€13,371▲ 87.1%
2024 · €7,145
Net result
€886
2024 · -€1,586
Working capital
€132
2024 · -€3,858
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,821--€33,699€34,644-€510€2,290
Net result€2,850within the sector's middle half--€33,805below the sector's middle half€34,391within the sector's middle half-€1,586within the sector's middle half€886within the sector's middle half
Equity€3,350below the sector's middle half--€30,455below the sector's middle half€3,935below the sector's middle half€2,350below the sector's middle half▼ 40.3%€3,236below the sector's middle half▲ 37.7%
Total assets€16,206below the sector's middle half-€15,966below the sector's middle half▼ 1.5%€9,312below the sector's middle half▼ 41.7%€7,145below the sector's middle half▼ 23.3%€13,371below the sector's middle half▲ 87.1%
Debt€12,856-€46,421▲ 261%€5,377▼ 88.4%€4,795▼ 10.8%€10,134▲ 111%
Working capital€3,350within the sector's middle half--€42,859below the sector's middle half-€5,260within the sector's middle half▲ 87.7%-€3,858within the sector's middle half▲ 26.7%€132within the sector's middle half
Solvency20.7%within the sector's middle half--190.8%below the sector's middle half▼ 211.4pp42.3%within the sector's middle half▲ 233.0pp32.9%within the sector's middle half▼ 9.4pp24.2%within the sector's middle half▼ 8.7pp
Current ratio1.26within the sector's middle half-0.08below the sector's middle half▼ 1.180.00below the sector's middle half▼ 0.080.20below the sector's middle half▲ 0.201.01within the sector's middle half▲ 0.82
Return on assets (ROA)17.6%above the sector's middle half--211.7%below the sector's middle half▼ 229.3pp369.3%above the sector's middle half▲ 581.1pp-22.2%below the sector's middle half▼ 391.5pp6.6%within the sector's middle half▲ 28.8pp
above
within
below
the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,290 after a loss of €510 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13,371
Fixed assets
€3,104 ▼ 50.0%
Current assets
€10,267 ▲ 996%
Equity and liabilities €13,371
Equity
€3,236 ▲ 37.7%
Debt
€10,134 ▲ 111%
Debt's share of the balance-sheet total rises from 67.1% to 75.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5,394▲
2024 · €2,594
Cash flow
€3,990▲
2024 · €1,518
Debt to equity
3.13▲
2024 · 2.04
ROE
27.4%▲
2024 · -67.5%
Interest coverage
18.45▲
2024 · 7.77
Debt ≤ 1 year
€10,134▲
2024 · €4,795
Income taxes
€1,111▲
2024 · €742
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 6,706 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €21,144 | €12,258 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €958 | €3,104 | €3,104 | €3,104 | €3,104 | = |
| Other operating charges640/8 | €175 | €270 | - | - | €148 | - |
| Gross operating margin9900 | €26,097 | -€18,068 | €37,748 | €2,594 | €5,542 | ▲ 114% |
| Operating profit (loss)9901 | €3,821 | -€33,699 | €34,644 | -€510 | €2,290 | ▲ 549% |
| Financial income75/76B | - | €1 | - | - | - | - |
| Recurring financial income75 | - | €1 | - | - | - | - |
| Financial charges65/66B | €21 | €107 | €254 | €334 | €292 | ▼ 12.4% |
| Recurring financial charges65 | €21 | €107 | €254 | €334 | €292 | ▼ 12.4% |
| Profit (loss) for the period before taxes9903 | €3,800 | -€33,805 | €34,391 | -€843 | €1,998 | ▲ 337% |
| Income taxes67/77 | €950 | - | - | €742 | €1,111 | ▲ 49.7% |
| Profit (loss) for the period9904 | €2,850 | -€33,805 | €34,391 | -€1,586 | €886 | ▲ 156% |
| Profit (loss) for the period to be appropriated9905 | €2,850 | -€33,805 | €34,391 | -€1,586 | €886 | ▲ 156% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16,206 | €15,966 | €9,312 | €7,145 | €13,371 | ▲ 87.1% |
| Formation expenses20 | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | - | €12,416 | €9,312 | €6,208 | €3,104 | ▼ 50.0% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | - | €12,416 | €9,312 | €6,208 | €3,104 | ▼ 50.0% |
| Furniture and vehicles24 | - | €12,416 | €9,312 | €6,208 | €3,104 | ▼ 50.0% |
| Current assets29/58 | €16,206 | €3,550 | €0 | €937 | €10,267 | ▲ 996% |
| Amounts receivable within one year40/41 | €11,770 | €3,550 | €0 | €100 | €8,644 | ▲ 8,564% |
| Trade receivables40 | €11,089 | - | €0 | €53 | €8,644 | ▲ 16,356% |
| Other amounts receivable41 | €681 | €3,550 | - | €47 | - | - |
| Cash at bank and in hand54/58 | €4,436 | €0 | €0 | €837 | €1,622 | ▲ 93.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16,206 | €15,966 | €9,312 | €7,145 | €13,371 | ▲ 87.1% |
| Equity10/15 | €3,350 | -€30,455 | €3,935 | €2,350 | €3,236 | ▲ 37.7% |
| Contributions10/11 | €500 | €500 | €500 | €500 | €500 | = |
| Capital10 | - | - | €500 | - | - | - |
| Issued capital100 | - | - | €500 | - | - | - |
| Profit (loss) carried forward14 | €2,850 | -€30,955 | €3,435 | €1,850 | €2,736 | ▲ 47.9% |
| Amounts payable17/49 | €12,856 | €46,421 | €5,377 | €4,795 | €10,134 | ▲ 111% |
| Amounts payable within one year42/48 | €12,856 | €46,409 | €5,260 | €4,795 | €10,134 | ▲ 111% |
| Trade debts44 | €2,834 | €1,078 | €4,525 | €3,017 | €8,186 | ▲ 171% |
| Suppliers440/4 | €2,834 | €1,078 | €4,525 | €3,017 | €8,186 | ▲ 171% |
| Taxes, remuneration and social security45 | €6,534 | €18,439 | €631 | €373 | €44 | ▼ 88.1% |
| Taxes450/3 | €6,534 | €3,739 | €631 | €373 | €44 | ▼ 88.1% |
| Remuneration and social security454/9 | - | €14,700 | - | - | - | - |
| Other amounts payable47/48 | €3,488 | €26,892 | €104 | €1,404 | €1,904 | ▲ 35.6% |
| Accrued charges and deferred income492/3 | - | €12 | €116 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,850 | -€33,805 | €34,391 | -€1,586 | €886 | ▲ 156% |
| + Depreciation and write-downs630 | €958 | €3,104 | €3,104 | €3,104 | €3,104 | = |
| Operating cash flow (approximation) | €3,808 | -€30,701 | €37,495 | €1,518 | €3,990 | ▲ 163% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | -€4,436 | €0 | €837 | €786 | ▼ 6.1% |
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
31-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-09
Financial
Back to profitnet €886
Net result €886 after one loss-making year.
30-09
Financial
Liquidity times 5current ratio 1.01
Current ratio from 0.20 to 1.01.
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-09
Financial
Back to profitnet €34,391
Net result €34,391 after one loss-making year.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-09
Financial
Weakest financial yearnet -€33,805
Net result drops to -€33,805, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 2020
Ground area
261 m²
Building footprint
261 m²
Volume, LiDAR
4,112 m³
Parcel 11811L3838/00N000, Flanders · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
236
companies at this address
See who is registered here
1 establishment unit
ZZ ECOTECH
since 20202.317.057.311
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3838/00N000 | Flanders | 261 m² | 1 · 261 m² | 22.5 m · 6 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.
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Of 814 companies in sector 35110 we hold annual accounts for 632. 64 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
Founded27-10-2020
Fiscal year end30-09
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
35150Electricity, gas, steam and air conditioning supply
43211General electrical installation work
43410Roofing work
47540Retail sale of electrical household appliances
95290Repair and maintenance of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0757528626
Also
9925:BE0757528626
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.