SOLUTION MANUTENTION
ActiveSummary
SOLUTION MANUTENTION has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €440k and a net result of €22k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 68% of 968 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-3
Solvency89▲+6
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 5.15 against 4.53 in 2024; short-term debt: 11.1% and cash: 33.2% of total assets), and 36% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more 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
64%
Return on assets
3.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
200 d late
2023
30 d late
2022
17 d late
2021
16 d late
2020
18 d late
2019
16 d early
← 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Turnover
€263k▲ 25.0%
2018 · €210k
EBIT margin
29.5%▼ 0.6pp
2018 · 30.2%
Net result
€22k▼ 44.3%
2024 · €40k
Working capital
€317k▲ 19.3%
2024 · €266k
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
Line20212022202320242025
Turnover
Operating result€91k▲ 307%€126k▲ 38.8%€61k▼ 51.2%€59k▼ 3.6%€35k▼ 41.5%
Net result€62k▲ 411%€86k▲ 39.3%€46k▼ 46.2%€40k▼ 14.1%€22k▼ 44.3%
EBIT margin
Equity€247k▲ 33.3%€332k▲ 34.8%€379k▲ 13.9%€418k▲ 10.5%€440k▲ 5.3%
Total assets€717k▲ 3.0%€818k▲ 14.1%€769k▼ 6.1%€726k▼ 5.5%€689k▼ 5.2%
Debt€470k▼ 7.9%€486k▲ 3.3%€390k▼ 19.7%€308k▼ 21.1%€248k▼ 19.4%
Working capital€110k▲ 145%€134k▲ 21.7%€163k▲ 21.4%€266k▲ 63.1%€317k▲ 19.3%
Staff (FTE)11=1=1=
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 41% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €689k
Fixed assets
€295k ▼ 23.5%
Current assets
€394k ▲ 15.4%
Equity and liabilities €689k
Equity
€440k ▲ 5.3%
Debt
€248k ▼ 19.4%
Debt's share of the balance-sheet total falls from 42.4% to 36.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€129k▼
2024 · €183k
Cash flow
€116k▼
2024 · €163k
Current ratio
5.15▲
2024 · 4.53
Debt to equity
0.56▼
2024 · 0.74
ROE
5.0%▼
2024 · 9.5%
ROA
3.2%▼
2024 · 5.5%
Interest coverage
34.66▼
2024 · 43.65
Debt ≤ 1 year
€76k▲
2024 · €75k
Debt > 1 year
€172k▼
2024 · €233k
Income taxes
€9k▼
2024 · €15k
Staff costs
€34k▲
2024 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €18k | €18k | €27k | €33k | €34k | ▲ 1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €101k | €51k | €114k | €124k | €94k | ▼ 23.8% |
| Other operating charges640/8 | €8k | €6k | €9k | €8k | €7k | ▼ 4.8% |
| Non-recurring operating charges66A | €111 | - | €49 | €136 | €225 | ▲ 65.3% |
| Gross operating margin9900 | €218k | €201k | €212k | €223k | €170k | ▼ 24.0% |
| Operating profit (loss)9901 | €91k | €126k | €61k | €59k | €35k | ▼ 41.5% |
| Financial income75/76B | €151 | €0 | €0 | - | €20 | - |
| Recurring financial income75 | €151 | €0 | €0 | - | €20 | - |
| Financial charges65/66B | €8k | €40k | €7k | €4k | €4k | ▼ 11.2% |
| Recurring financial charges65 | €8k | €8k | €7k | €4k | €4k | ▼ 11.2% |
| Non-recurring financial charges66B | - | €32k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €83k | €86k | €55k | €55k | €31k | ▼ 43.7% |
| Income taxes67/77 | €21k | €210 | €9k | €15k | €9k | ▼ 42.4% |
| Profit (loss) for the period9904 | €62k | €86k | €46k | €40k | €22k | ▼ 44.3% |
| Profit (loss) for the period to be appropriated9905 | €62k | €86k | €46k | €40k | €22k | ▼ 44.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €717k | €818k | €769k | €726k | €689k | ▼ 5.2% |
| Fixed assets21/28 | €486k | €569k | €509k | €385k | €295k | ▼ 23.5% |
| Tangible fixed assets22/27 | €484k | €566k | €506k | €383k | €293k | ▼ 23.6% |
| Plant, machinery and equipment23 | €32k | €20k | €15k | €6k | €7k | ▲ 13.3% |
| Furniture and vehicles24 | - | €18k | €57k | €37k | €17k | ▼ 54.8% |
| Leasing and similar rights25 | €452k | €528k | €434k | €340k | €269k | ▼ 20.8% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €231k | €250k | €260k | €341k | €394k | ▲ 15.4% |
| Amounts receivable within one year40/41 | €47k | €82k | €70k | €57k | €52k | ▼ 9.3% |
| Trade receivables40 | €40k | €51k | €50k | €50k | €38k | ▼ 23.9% |
| Other amounts receivable41 | €6k | €31k | €21k | €7k | €13k | ▲ 103% |
| Current investments50/53 | - | - | - | - | €109k | - |
| Cash at bank and in hand54/58 | €182k | €163k | €183k | €270k | €229k | ▼ 15.1% |
| Deferred charges and accrued income490/1 | €2k | €5k | €6k | €15k | €5k | ▼ 68.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €717k | €818k | €769k | €726k | €689k | ▼ 5.2% |
| Equity10/15 | €247k | €332k | €379k | €418k | €440k | ▲ 5.3% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €16k | €16k | €62k | €101k | €123k | ▲ 21.8% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Other1319 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €14k | €14k | €60k | €99k | €121k | ▲ 22.3% |
| Profit (loss) carried forward14 | €211k | €297k | €297k | €297k | €297k | = |
| Amounts payable17/49 | €470k | €486k | €390k | €308k | €248k | ▼ 19.4% |
| Amounts payable after more than one year17 | €350k | €370k | €293k | €233k | €172k | ▼ 26.2% |
| Financial debts170/4 | €350k | €370k | €293k | €233k | €172k | ▼ 26.2% |
| Amounts payable within one year42/48 | €120k | €115k | €97k | €75k | €76k | ▲ 1.6% |
| Current portion of amounts payable after more than one year42 | €94k | €95k | €80k | €60k | €61k | ▲ 1.2% |
| Trade debts44 | €12k | €11k | €5k | €6k | €2k | ▼ 73.7% |
| Suppliers440/4 | €12k | €11k | €5k | €6k | €2k | ▼ 73.7% |
| Taxes, remuneration and social security45 | €5k | - | €4k | €2k | €9k | ▲ 277% |
| Taxes450/3 | €910 | - | €4k | €2k | €5k | ▲ 84.5% |
| Remuneration and social security454/9 | €4k | - | - | - | €5k | - |
| Other amounts payable47/48 | €9k | €9k | €9k | €7k | €5k | ▼ 30.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62k | €86k | €46k | €40k | €22k | ▼ 44.3% |
| + Depreciation and write-downs630 | €101k | €51k | €114k | €124k | €94k | ▼ 23.8% |
| Operating cash flow (approximation) | €163k | €137k | €161k | €163k | €116k | ▼ 28.8% |
| Investment in fixed assets (approximation) | - | €-133k | €-54k | €0 | €-4k | - |
| Change in cash | - | €-19k | €20k | €86k | €-41k | ▼ 147% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 200 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Highest result since 2018net €86k ▲39.3%
Operating result €126k, net result €86k, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Equity above €200kEq €247k ▲33.3%
4 profitable years in a row build equity to €247k.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Weakest financial yearnet €12k ▼83.3%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €150kEq €195k ▲53.1%
2 profitable years in a row build equity to €195k.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
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, Léglise · 1 establishment unit since 2004
Ground area
1,478 m²
Building footprint
106 m²
Volume, LiDAR
693 m³
Parcel 84033D0485/00X000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Solution Manutention
since 20042.136.624.641
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84033D0485/00X000 | Wallonia | 1,478 m² | 1 · 106 m² | 7.9 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.
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Of 355 companies in sector 52249 we hold annual accounts for 266. 167 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
Founded07-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
52249Warehousing and support activities for transportation
Contact
Phone
061/44 54 63Léglise
Scores and ratios are computed by Checked and are not a credit decision.