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SOLUTIONS DIRECT

Active
Private limited company (pre-2019)founded 1992active for 34 yearsKBO/BCE: BE 0446.462.987

Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 2 November 2026.

Annual accounts 2023 filed on 26-11-2025 PDF all 30 filings

Turnover
≈ €81,000
Estimated: probably between €65,000 and €130,000
Total assets
€223,109▲ 2.1%
2022 · €218,598
Net result
€10,268
2022 · -€38,273
Working capital
-€13,889▲ 52.2%
2022 · -€29,036
Trend over the years

2018 to 2023, 5 financial years 2018 to 2023, 5 financial years

The operating result for 2023 is a profit of €15,758, after a loss of €33,019 in 2022.

Operating result€15,758 2023 Net result€10,268 2023

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020222023
Operating result€12,367--€6,247€35,297-€33,019-€15,758
Net result€7,616--€8,951€21,155within the sector's middle half-€38,273below the sector's middle half-€10,268within the sector's middle half
Equity€30,232-€21,281▼ 29.6%€42,437within the sector's middle half▲ 99.4%€15,340within the sector's middle half-€25,607within the sector's middle half▲ 66.9%
Total assets€73,211-€228,039▲ 211%€239,641within the sector's middle half▲ 5.1%€218,598within the sector's middle half-€223,109within the sector's middle half▲ 2.1%
Debt€42,979-€206,757▲ 381%€197,204▼ 4.6%€203,258-€197,501▼ 2.8%
Working capital€13,379-€6,765▼ 49.4%€26,059within the sector's middle half▲ 285%-€29,036below the sector's middle half--€13,889below the sector's middle half▲ 52.2%
Solvency41.3%-9.3%▼ 32.0pp17.7%within the sector's middle half▲ 8.4pp7.0%below the sector's middle half-11.5%below the sector's middle half▲ 4.5pp
Current ratio1.31-1.13▼ 0.181.50within the sector's middle half▲ 0.370.63below the sector's middle half-0.83below the sector's middle half▲ 0.20
Return on assets (ROA)10.4%--3.9%▼ 14.3pp8.8%within the sector's middle half▲ 12.8pp-17.5%below the sector's middle half-4.6%within the sector's middle half▲ 22.1pp
Staff (FTE)1-0.3▼ 70.0%0.2below the sector's middle half▼ 33.3%
above within below The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €223,109
Fixed assets €152,885 ▼ 9.3%
Current assets €70,224 ▲ 40.2%
Equity and liabilities €223,109
Equity €25,607 ▲ 66.9%
Debt €197,501 ▼ 2.8%
Debt's share of the balance-sheet total falls from 93.0% to 88.5%. Equity is higher and debt is lower.
Key figures and ratios
2023 value · change against 2022
EBITDA
€29,676▲
2022 · -€19,623
Cash flow
€24,185▲
2022 · -€24,877
Debt to equity
7.71▼
2022 · 13.25
ROE
40.1%▲
2022 · -249.5%
Interest coverage
8.50▲
2022 · -4.38
Debt ≤ 1 year
€84,113▲
2022 · €79,118
Debt > 1 year
€113,388▼
2022 · €124,141
Income taxes
€1,999▲
2022 · €877
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20222023
Tangible fixed assets€2,086€2,086
Depreciation and write-downs of the year€13,396€13,918

Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as SOLUTIONS DIRECT: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €184,000 and €248,000, founded between 1985 and 1994.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
SOLUTIONS DIRECT1992€223,109€25,607€41,963€10,2682023
CHRISTOPHE MOULART Ukkel1990€247,880€158,289€41,944€1,0072025
E.G. SIMONS Wommelgem1989€187,068€123,210€48,417€21,3922025
AU BON AIR - DE BUNDER Sint-Agatha-Berchem1987€184,547€272€43,822€10,0052025
ESPACE PLAN Elsene1987€238,862€44,245€48,809€25,9142026
Vannelle Amay1994€233,820€153,522€53,212€5,8432025
ZINNIA Kontich1985€184,382€105,569€42,487€11,6662025

They were chosen from the 3,636 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 50 lines

Source: Annual accounts 2023 (PDF), filed on 26-11-2025.

Balance sheet Code20222023
Assets
Total assets20/58€218,598€223,109▲
Fixed assets21/28€168,517€152,885▼
Tangible fixed assets22/27€164,467€152,635▼
Land and buildings22€146,880€141,100▼
Plant, machinery and equipment23€11,614€8,560▼
Furniture and vehicles24€5,972€2,975▼
Financial fixed assets28€4,050€250▼
Current assets29/58€50,082€70,224▲
Amounts receivable within one year40/41€9,889€22,679▲
Trade receivables40€8,663€20,345▲
Other amounts receivable41€1,226€2,333▲
Current investments50/53€33€33=
Cash at bank and in hand54/58€40,160€45,982▲
Deferred charges and accrued income490/1-€1,530
Equity and liabilities
Total equity and liabilities10/49€218,598€223,109▲
Equity10/15€15,340€25,607▲
Contributions10/11€18,592€18,592=
Reserves13€2,308€2,308=
Non-distributable reserves130/1€2,308€2,308=
Reserves not available under the articles1311€1,859€1,859=
Other1319€449€449=
Profit (loss) carried forward14-€5,560€4,707▲
Amounts payable17/49€203,258€197,501▼
Amounts payable after more than one year17€124,141€113,388▼
Financial debts170/4€124,141€113,388▼
Amounts payable within one year42/48€79,118€84,113▲
Current portion of amounts payable after more than one year42€10,544€10,752▲
Financial debts43-€55
Credit institutions430/8-€55
Trade debts44€58,400€39,013▼
Suppliers440/4€58,400€39,013▼
Taxes, remuneration and social security45€10,073€22,574▲
Taxes450/3€10,073€22,574▲
Other amounts payable47/48€102€11,718▲
Income statement Code20222023
Non-recurring operating income76A€3,219-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,396€13,918▲
Other operating charges640/8€6,948€10,863▲
Non-recurring operating charges66A-€1,425
Gross operating margin9900-€12,675€41,963▲
Operating profit (loss)9901-€33,019€15,758▲
Financial income75/76B€107-
Recurring financial income75€107-
Financial charges65/66B€4,484€3,491▼
Recurring financial charges65€4,484€3,491▼
Profit (loss) for the period before taxes9903-€37,396€12,267▲
Income taxes67/77€877€1,999▲
Profit (loss) for the period9904-€38,273€10,268▲
Profit (loss) for the period to be appropriated9905-€38,273€10,268▲
Appropriation of the result
Profit (loss) to be appropriated9906-€5,560€4,707▲
Profit (loss) brought forward from the previous period14P€32,713-€5,560▼

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20182019202020222023Change
Non-recurring operating income76A---€3,219--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,404€47,728€8,277€13,396€13,918▲ 3.9%
Other operating charges640/8---€6,948€10,863▲ 56.3%
Non-recurring operating charges66A----€1,425-
Gross operating margin9900€50,336€54,619€50,460-€12,675€41,963-
Operating profit (loss)9901€12,367-€6,247€35,297-€33,019€15,758-
Financial income75/76B---€107--
Recurring financial income75€1€2€2€107--
Financial charges65/66B---€4,484€3,491▼ 22.1%
Recurring financial charges65€326€2,534€4,768€4,484€3,491▼ 22.1%
Profit (loss) for the period before taxes9903€12,042-€8,779€30,531-€37,396€12,267-
Income taxes67/77€4,426€172€9,376€877€1,999▲ 128%
Profit (loss) for the period9904€7,616-€8,951€21,155-€38,273€10,268-
Profit (loss) for the period to be appropriated9905€7,616-€8,951€21,155-€38,273€10,268-
Line20182019202020222023Change
Assets
Total assets20/58€73,211€228,039€239,641€218,598€223,109▲ 2.1%
Formation expenses20€312-----
Fixed assets21/28€16,541€169,678€161,401€168,517€152,885▼ 9.3%
Tangible fixed assets22/27€11,561€169,498€161,221€164,467€152,635▼ 7.2%
Land and buildings22---€146,880€141,100▼ 3.9%
Plant, machinery and equipment23---€11,614€8,560▼ 26.3%
Furniture and vehicles24---€5,972€2,975▼ 50.2%
Financial fixed assets28€4,980€180€180€4,050€250▼ 93.8%
Current assets29/58€56,359€58,361€78,240€50,082€70,224▲ 40.2%
Stocks and contracts in progress3€34,759€30,059€30,334---
Amounts receivable within one year40/41€16,320€5,091€5,535€9,889€22,679▲ 129%
Trade receivables40---€8,663€20,345▲ 135%
Other amounts receivable41---€1,226€2,333▲ 90.3%
Current investments50/53€39€39€38€33€33=
Cash at bank and in hand54/58€5,240€23,009€42,334€40,160€45,982▲ 14.5%
Deferred charges and accrued income490/1----€1,530-
Equity and liabilities
Total equity and liabilities10/49€73,211€228,039€239,641€218,598€223,109▲ 2.1%
Equity10/15€30,232€21,281€42,437€15,340€25,607▲ 66.9%
Contributions10/11€18,592€18,592-€18,592€18,592=
Reserves13€2,308€2,308€2,308€2,308€2,308=
Non-distributable reserves130/1---€2,308€2,308=
Reserves not available under the articles1311---€1,859€1,859=
Other1319---€449€449=
Profit (loss) carried forward14€9,332€382€21,537-€5,560€4,707-
Amounts payable17/49€42,979€206,757€197,204€203,258€197,501▼ 2.8%
Amounts payable after more than one year17-€155,161€145,023€124,141€113,388▼ 8.7%
Financial debts170/4---€124,141€113,388▼ 8.7%
Amounts payable within one year42/48€42,979€51,596€52,181€79,118€84,113▲ 6.3%
Current portion of amounts payable after more than one year42---€10,544€10,752▲ 2.0%
Financial debts43----€55-
Credit institutions430/8----€55-
Trade debts44€19,560€31,560€22,043€58,400€39,013▼ 33.2%
Suppliers440/4---€58,400€39,013▼ 33.2%
Taxes, remuneration and social security45---€10,073€22,574▲ 124%
Taxes450/3---€10,073€22,574▲ 124%
Other amounts payable47/48---€102€11,718▲ 115×
Line20182019202020222023Change
Profit (loss) for the period9904€7,616-€8,951€21,155-€38,273€10,268-
+ Depreciation and write-downs630€6,404€47,728€8,277€13,396€13,918▲ 3.9%
Operating cash flow (approximation)€14,020€38,778€29,432-€24,877€24,185-
Investment in fixed assets (approximation)--€200,865€0-€1,714-
Change in cash-€17,769€19,325-€5,823-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 30 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2023 micro format 26-11-2025 2025-00572451 PDF
31-12-2022 micro format 08-12-2023 2023-00525458 PDF
31-12-2020 micro format 26-08-2021 2021-54300199 PDF
31-12-2019 micro format 24-09-2020 2020-56700455 PDF
31-12-2018 micro format 30-08-2019 2019-55300494 PDF
31-12-2017 micro format 25-09-2018 2018-63900161 PDF
31-12-2016 micro format 26-10-2017 2017-67700278 PDF
31-12-2015 full format 30-08-2016 2016-49500243 PDF
31-12-2014 full format 31-08-2015 2015-57100545 PDF
31-12-2013 full format 20-08-2014 2014-43700423 PDF

Show all 30 filings

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