SOLV-E
ActiveSummary
The computed 12-month bankruptcy probability of SOLV-E is 5.6% (elevated). For SOLV-E, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (€-10k) and a net result of €-1k. Equity is shrinking by ~44.6% per year across the filed fiscal years. The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
5.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2023Solvency, return and age of the figures
Solvency
-196.7%
Return on assets
-20.3%
Age of the figures
33 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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 20-12-2024, 142 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
142 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€-10k▼ 11.5%
2022 · €-9k
2018: €804
2019: €504▼ -37.4% vs 2018
2020: €14k▲ +2597% vs 2019highest in 6 years
2021: €-2k▼ -115% vs 2020
2022: €-9k▼ -357% vs 2021
2023: €-10k▼ -11.5% vs 2022lowest in 6 years
2018 → 2023
Total assets
€5k▲ 1.2%
2022 · €5k
2018: €11k
2019: €27k▲ +137% vs 2018
2020: €32k▲ +16.9% vs 2019highest in 6 years
2021: €24k▼ -25.4% vs 2020
2022: €5k▼ -78.4% vs 2021lowest in 6 years
2023: €5k▲ +1.2% vs 2022
2018 → 2023
Net result
€-1k▲ 85.3%
2022 · €-7k
2018: €-140
2019: €-301▼ -114% vs 2018
2020: €13k▲ +4453% vs 2019highest in 6 years
2021: €-5k▼ -137% vs 2020
2022: €-7k▼ -47.4% vs 2021lowest in 6 years
2023: €-1k▲ +85.3% vs 2022
2018 → 2023
Working capital
€-10k▼ 11.5%
2022 · €-9k
2018: €-3k
2019: €-2k▲ +21.7% vs 2018
2020: €12k▲ +591% vs 2019highest in 6 years
2021: €-2k▼ -117% vs 2020
2022: €-9k▼ -357% vs 2021
2023: €-10k▼ -11.5% vs 2022lowest in 6 years
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€504-€14k▲ 2,597%€-2k€-9k▼ 357%€-10k▼ 11.5%
2019: €504
2020: €14k▲ +2597% vs 2019highest in 5 years
2021: €-2k▼ -115% vs 2020
2022: €-9k▼ -357% vs 2021
2023: €-10k▼ -11.5% vs 2022lowest in 5 years
Operating result€2k-€17k▲ 1,013%€-3k€-2k▲ 41.0%€-984▲ 51.6%
2019: €2k
2020: €17k▲ +1013% vs 2019highest in 5 years
2021: €-3k▼ -120% vs 2020lowest in 5 years
2022: €-2k▲ +41.0% vs 2021
2023: €-984▲ +51.6% vs 2022
Net result€-301-€13k€-5k€-7k▼ 47.4%€-1k▲ 85.3%
2019: €-301
2020: €13k▲ +4453% vs 2019highest in 5 years
2021: €-5k▼ -137% vs 2020
2022: €-7k▼ -47.4% vs 2021lowest in 5 years
2023: €-1k▲ +85.3% vs 2022
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €984 in 2023 against €2k in 2022; the loss shrinks.
Key figures and ratios
Solvency
-196.7%▼
2022 · -178.6%
Current ratio
0.34▼
2022 · 0.36
Debt to equity
-1.51▲
2022 · -1.56
ROA
-20.3%▲
2022 · -139.5%
Debt
€15k▲
2022 · €14k
Debt ≤ 1 year
€15k▲
2022 · €14k
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 · 2023 against 2022 · 27 lines
Balance sheet
Code20222023
Assets
Total assets20/58€5k€5k▲
Current assets29/58€5k€5k▲
Amounts receivable within one year40/41€5k€5k▲
Other amounts receivable41€5k€5k▲
Cash at bank and in hand54/58€94€29▼
Equity and liabilities
Total equity and liabilities10/49€5k€5k▲
Equity10/15€-9k€-10k▼
Contributions10/11€6k€6k=
Reserves13€135€135=
Distributable reserves133€135€135=
Profit (loss) carried forward14€-15k€-17k▼
Amounts payable17/49€14k€15k▲
Amounts payable within one year42/48€14k€15k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Other amounts payable47/48€12k€12k=
Income statement
Code20222023
Other operating charges640/8€479€384▼
Gross operating margin9900€-2k€-600▲
Operating profit (loss)9901€-2k€-984▲
Financial charges65/66B€2k€64▼
Recurring financial charges65€2k€64▼
Profit (loss) for the period before taxes9903€-4k€-1k▲
Income taxes67/77€4k-
Profit (loss) for the period9904€-7k€-1k▲
Profit (loss) for the period to be appropriated9905€-7k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-17k▼
Profit (loss) brought forward from the previous period14P€-8k€-15k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €960 | €960 | - | - | - | - |
| Other operating charges640/8 | - | - | €479 | €479 | €384 | ▼ 19.7% |
| Gross operating margin9900 | €3k | €19k | €-3k | €-2k | €-600 | ▲ 61.5% |
| Operating profit (loss)9901 | €2k | €17k | €-3k | €-2k | €-984 | ▲ 51.6% |
| Financial charges65/66B | - | - | €1k | €2k | €64 | ▼ 95.8% |
| Recurring financial charges65 | €2k | €2k | €1k | €2k | €64 | ▼ 95.8% |
| Profit (loss) for the period before taxes9903 | €-301 | €15k | €-5k | €-4k | €-1k | ▲ 70.5% |
| Income taxes67/77 | - | €2k | - | €4k | - | - |
| Profit (loss) for the period9904 | €-301 | €13k | €-5k | €-7k | €-1k | ▲ 85.3% |
| Profit (loss) for the period to be appropriated9905 | €-301 | €13k | €-5k | €-7k | €-1k | ▲ 85.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27k | €32k | €24k | €5k | €5k | ▲ 1.2% |
| Fixed assets21/28 | €3k | €2k | - | - | - | - |
| Tangible fixed assets22/27 | €3k | €2k | - | - | - | - |
| Current assets29/58 | €24k | €30k | €24k | €5k | €5k | ▲ 1.2% |
| Stocks and contracts in progress3 | €10k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €2k | €27k | €24k | €5k | €5k | ▲ 2.5% |
| Trade receivables40 | - | - | €19k | - | - | - |
| Other amounts receivable41 | - | - | €5k | €5k | €5k | ▲ 2.5% |
| Cash at bank and in hand54/58 | €12k | €3k | €135 | €94 | €29 | ▼ 68.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27k | €32k | €24k | €5k | €5k | ▲ 1.2% |
| Equity10/15 | €504 | €14k | €-2k | €-9k | €-10k | ▼ 11.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | - | €6k | - | - | - |
| Issued capital100 | - | - | €19k | - | - | - |
| Uncalled capital101 | - | - | €12k | - | - | - |
| Reserves13 | €135 | €135 | €135 | €135 | €135 | = |
| Non-distributable reserves130/1 | - | - | €135 | - | - | - |
| Legal reserve130 | - | - | €135 | - | - | - |
| Distributable reserves133 | - | - | - | €135 | €135 | = |
| Profit (loss) carried forward14 | €-6k | €7k | €-8k | €-15k | €-17k | ▼ 6.8% |
| Amounts payable17/49 | €27k | €18k | €26k | €14k | €15k | ▲ 7.8% |
| Amounts payable within one year42/48 | €27k | €18k | €26k | €14k | €15k | ▲ 7.8% |
| Financial debts43 | - | - | €17 | - | - | - |
| Credit institutions430/8 | - | - | €17 | - | - | - |
| Trade debts44 | €12k | €1k | €14k | €2k | €3k | ▲ 58.5% |
| Suppliers440/4 | - | - | €14k | €2k | €3k | ▲ 58.5% |
| Other amounts payable47/48 | - | - | €12k | €12k | €12k | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-301 | €13k | €-5k | €-7k | €-1k | ▲ 85.3% |
| + Depreciation and write-downs630 | €960 | €960 | - | - | - | - |
| Operating cash flow (approximation) | €659 | €14k | €-5k | €-7k | €-1k | ▲ 85.3% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €-9k | €-3k | €-42 | €-64 | ▼ 54.6% |
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
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 142 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Elsene · 1 establishment unit since 2008
Ground area
700 m²
Building footprint
700 m²
Volume, LiDAR
16,134 m³
Parcel 21807G0120/00L005, Brussels · tallest building 32.2 m, ±9 floors. Linked by address, not a title deed.
110
companies at this address
See who is registered here
1 establishment unit
SOL-E
since 20082.172.785.944
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded13-08-2008
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.