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Solutor

Active
Private limited companyfounded 2011active for 15 yearsHeidestraat 202, 3550 Heusden-Zolder, BelgiumKBO/BCE: BE 0839.792.742
Summary

Solutor has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €729,268 and a net result of €50,131. Equity remains stable across the filed financial years (±1.3% per year). Its solvency ranks better than 72% of 39,131 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€729,268▼ 17.5%
2024 · €883,868
Total assets
€961,491▲ 3.0%
2024 · €933,936
Net result
€50,131▼ 42.3%
2024 · €86,842
Working capital
€37,287▼ 75.7%
2024 · €153,145
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 40% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€110,091 2025 Net result€50,131 2025

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

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€91,619-€81,878▼ 10.6%-€67,709€85,999€10,554▼ 87.7%€32,532▲ 208%€183,186▲ 463%€110,091▼ 39.9%
Net result€63,105-€36,758▼ 41.8%-€69,445below the sector's middle half€71,685above the sector's middle half€3,814within the sector's middle half▼ 94.7%€19,185within the sector's middle half▲ 403%€86,842above the sector's middle half▲ 353%€50,131within the sector's middle half▼ 42.3%
Equity€740,778-€775,936▲ 4.7%€705,691above the sector's middle half▼ 9.1%€776,576above the sector's middle half▲ 10.0%€779,590above the sector's middle half▲ 0.4%€797,926above the sector's middle half▲ 2.4%€883,868above the sector's middle half▲ 10.8%€729,268above the sector's middle half▼ 17.5%
Total assets€812,860-€795,896▼ 2.1%€725,115above the sector's middle half▼ 8.9%€834,955above the sector's middle half▲ 15.1%€970,586above the sector's middle half▲ 16.2%€876,669above the sector's middle half▼ 9.7%€933,936above the sector's middle half▲ 6.5%€961,491above the sector's middle half▲ 3.0%
Debt€72,083-€19,960▼ 72.3%€19,425▼ 2.7%€58,379▲ 201%€190,996▲ 227%€78,743▼ 58.8%€50,068▼ 36.4%€232,224▲ 364%
Working capital€46,015-€119,282▲ 159%€60,740within the sector's middle half▼ 49.1%€112,832within the sector's middle half▲ 85.8%€27,978within the sector's middle half▼ 75.2%-€464below the sector's middle half€153,145above the sector's middle half€37,287within the sector's middle half▼ 75.7%
Solvency91.1%-97.5%▲ 6.4pp97.3%above the sector's middle half▼ 0.2pp93.0%above the sector's middle half▼ 4.3pp80.3%above the sector's middle half▼ 12.7pp91.0%above the sector's middle half▲ 10.7pp94.6%above the sector's middle half▲ 3.6pp75.8%within the sector's middle half▼ 18.8pp
Current ratio1.65-6.98▲ 5.334.13within the sector's middle half▼ 2.852.93within the sector's middle half▼ 1.191.31within the sector's middle half▼ 1.630.99below the sector's middle half▼ 0.314.06within the sector's middle half▲ 3.061.16within the sector's middle half▼ 2.90
Return on assets (ROA)7.8%-4.6%▼ 3.1pp-9.6%below the sector's middle half▼ 14.2pp8.6%within the sector's middle half▲ 18.2pp0.4%below the sector's middle half▼ 8.2pp2.2%within the sector's middle half▲ 1.8pp9.3%within the sector's middle half▲ 7.1pp5.2%within the sector's middle half▼ 4.1pp
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €961,491
Fixed assets €691,981 ▼ 5.3%
Current assets €269,511 ▲ 32.6%
Equity and liabilities €961,491
Equity €729,268 ▼ 17.5%
Debt €232,224 ▲ 364%
Debt's share of the balance-sheet total rises from 5.4% to 24.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€175,225▼
2024 · €250,853
Cash flow
€115,264▼
2024 · €154,509
Debt to equity
0.32▲
2024 · 0.06
ROE
6.9%▼
2024 · 9.8%
Interest coverage
4.01▼
2024 · 4.76
Debt ≤ 1 year
€232,224▲
2024 · €50,068
Income taxes
€23,287▼
2024 · €44,352
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96.5% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.3% went bankrupt
3.2% stopped otherwise
96.5% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,475 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% 0.9%
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 74.5% 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 17,811 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 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€933,936€961,491▲
Fixed assets21/28€730,723€691,981▼
Tangible fixed assets22/27€730,723€691,981▼
Land and buildings22€685,485€635,407▼
Plant, machinery and equipment23€18,019€14,736▼
Furniture and vehicles24€27,219€41,838▲
Current assets29/58€203,213€269,511▲
Amounts receivable within one year40/41€64,713€157,260▲
Trade receivables40€27,919€39,330▲
Other amounts receivable41€36,795€117,930▲
Current investments50/53€115,098€100,232▼
Cash at bank and in hand54/58€17,267€4,643▼
Deferred charges and accrued income490/1€6,135€7,375▲
Equity and liabilities
Total equity and liabilities10/49€933,936€961,491▲
Equity10/15€883,868€729,268▼
Contributions10/11€12,400€12,400=
Reserves13€871,468€716,868▼
Distributable reserves133€871,468€716,868▼
Amounts payable17/49€50,068€232,224▲
Amounts payable within one year42/48€50,068€232,224▲
Trade debts44€5,093€8,727▲
Suppliers440/4€5,093€8,727▲
Taxes, remuneration and social security45€44,075€17,590▼
Taxes450/3€44,075€17,590▼
Other amounts payable47/48€900€205,907▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67,667€65,133▼
Other operating charges640/8€22,283€4,074▼
Gross operating margin9900€273,137€179,299▼
Operating profit (loss)9901€183,186€110,091▼
Financial income75/76B€727€6,991▲
Recurring financial income75€727€6,991▲
Financial charges65/66B€52,719€43,664▼
Recurring financial charges65€52,719€43,664▼
Profit (loss) for the period before taxes9903€131,194€73,418▼
Income taxes67/77€44,352€23,287▼
Profit (loss) for the period9904€86,842€50,131▼
Profit (loss) for the period to be appropriated9905€86,842€50,131▼
Appropriation of the result
Profit (loss) to be appropriated9906€86,842€50,131▼
Transfer from equity791/2-€203,831
Transfer to equity691/2€85,942€49,231▼
To other reserves6921€85,942€49,231▼
Profit to be distributed694/7€900€204,731▲
Return on contributions (dividend)694€900€204,731▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47,490€46,846€46,481€47,629€50,090€53,223€67,667€65,133▼ 3.7%
Other operating charges640/8---€1,644€3,673€3,820€22,283€4,074▼ 81.7%
Gross operating margin9900€141,318€132,169-€18,867€135,271€64,317€89,576€273,137€179,299▼ 34.4%
Operating profit (loss)9901€91,619€81,878-€67,709€85,999€10,554€32,532€183,186€110,091▼ 39.9%
Financial income75/76B---€2€2€137€727€6,991▲ 862%
Recurring financial income75€14€506€3€2€2€137€727€6,991▲ 862%
Financial charges65/66B---€1,422€1,036€2,176€52,719€43,664▼ 17.2%
Recurring financial charges65€879€29,839€1,097€1,422€1,036€2,176€52,719€43,664▼ 17.2%
Profit (loss) for the period before taxes9903€90,754€52,545-€68,803€84,579€9,520€30,493€131,194€73,418▼ 44.0%
Income taxes67/77€27,649€15,787€642€12,893€5,706€11,308€44,352€23,287▼ 47.5%
Profit (loss) for the period9904€63,105€36,758-€69,445€71,685€3,814€19,185€86,842€50,131▼ 42.3%
Profit (loss) for the period to be appropriated9905€63,105€36,758-€69,445€71,685€3,814€19,185€86,842€50,131▼ 42.3%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€812,860€795,896€725,115€834,955€970,586€876,669€933,936€961,491▲ 3.0%
Fixed assets21/28€695,783€656,653€644,951€663,744€851,613€798,390€730,723€691,981▼ 5.3%
Tangible fixed assets22/27€695,783€656,653€644,951€663,744€851,613€798,390€730,723€691,981▼ 5.3%
Land and buildings22---€617,196€774,181€735,562€685,485€635,407▼ 7.3%
Plant, machinery and equipment23---€42,043€39,516€27,337€18,019€14,736▼ 18.2%
Furniture and vehicles24---€4,506€37,916€35,490€27,219€41,838▲ 53.7%
Current assets29/58€117,077€139,242€80,164€171,211€118,974€78,279€203,213€269,511▲ 32.6%
Amounts receivable within one year40/41€41,535€45,271€8,639€8,531€88,657€18,858€64,713€157,260▲ 143%
Trade receivables40----€88,657€18,444€27,919€39,330▲ 40.9%
Other amounts receivable41---€8,531-€414€36,795€117,930▲ 221%
Current investments50/53€75,000€87,500€60,000€139,998€12,500€45,000€115,098€100,232▼ 12.9%
Cash at bank and in hand54/58€541€3,461€7,115€5,620€5,507€7,233€17,267€4,643▼ 73.1%
Deferred charges and accrued income490/1---€17,062€12,310€7,188€6,135€7,375▲ 20.2%
Equity and liabilities
Total equity and liabilities10/49€812,860€795,896€725,115€834,955€970,586€876,669€933,936€961,491▲ 3.0%
Equity10/15€740,778€775,936€705,691€776,576€779,590€797,926€883,868€729,268▼ 17.5%
Contributions10/11€12,400€12,400-€12,400€12,400€12,400€12,400€12,400=
Reserves13€728,378€763,536€693,291€764,176€767,190€785,526€871,468€716,868▼ 17.7%
Distributable reserves133---€764,176€767,190€785,526€871,468€716,868▼ 17.7%
Amounts payable17/49€72,083€19,960€19,425€58,379€190,996€78,743€50,068€232,224▲ 364%
Amounts payable after more than one year17----€100,000----
Financial debts170/4----€100,000----
Amounts payable within one year42/48€71,062€19,960€19,425€58,379€90,996€78,743€50,068€232,224▲ 364%
Current portion of amounts payable after more than one year42----€50,000€50,000---
Trade debts44€43,040€4,753€2,712€56,179€7,815€1,795€5,093€8,727▲ 71.4%
Suppliers440/4---€56,179€7,815€1,795€5,093€8,727▲ 71.4%
Taxes, remuneration and social security45---€1,400€28,462€21,505€44,075€17,590▼ 60.1%
Taxes450/3---€1,400€28,462€21,505€44,075€17,590▼ 60.1%
Other amounts payable47/48---€800€4,719€5,442€900€205,907▲ 229×
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€63,105€36,758-€69,445€71,685€3,814€19,185€86,842€50,131▼ 42.3%
+ Depreciation and write-downs630€47,490€46,846€46,481€47,629€50,090€53,223€67,667€65,133▼ 3.7%
Operating cash flow (approximation)€110,594€83,604-€22,964€119,315€53,904€72,409€154,509€115,264▼ 25.4%
Investment in fixed assets (approximation)--€7,716-€34,779-€66,423-€237,958€0€0-€26,391-
Change in cash-€2,919€3,655-€1,496-€113€1,726€10,034-€12,623-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 14 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 01-06-2026 2026-00128278
31-12-2024 micro format 30-06-2025 2025-00202902
31-12-2023 micro format 27-06-2024 2024-00182378
31-12-2022 micro format 27-06-2023 2023-00159672
31-12-2021 micro format 29-06-2022 2022-20105530
31-12-2020 micro format 25-06-2021 2021-24700334
31-12-2019 micro format 23-06-2020 2020-20800310
31-12-2018 abbreviated format 25-06-2019 2019-22700430
31-12-2017 abbreviated format 27-08-2018 2018-53600138
31-12-2016 micro format 28-06-2017 2017-23400326

Show all 14 filings

Similar companies · same sector, comparable size

Of the 82,448 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,994. 31,500 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2025 · 2 entries · €4,913 awarded · €4,913 paid
Schemes

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.