Equity
Debts exceed assets in financial year 2025.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 1,283 companies (NACE 58, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 58, micro). It does better than 7% of them on solvency, 39% on liquidity, 8% on profitability and 1% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,907 companies had the same profile as SOLVER TECHNOLOGIES has now. Each dot stands for 18 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SOLVER TECHNOLOGIES itself is lower: 0.4% within 12 months. It rests on far more data about SOLVER TECHNOLOGIES than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for SOLVER TECHNOLOGIES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.21 (0.37 in 2024), below 1. Short-term debt is 253.5% and cash 49.7% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 86 days before the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SOLVER TECHNOLOGIES Tournai | €23,958 | -€29,256 | -153.5% | 0 |
| WAYSTOBE Saint-Ghislain | €17,787 | €1,398 | 59.6% | - |
| Mantarace Ottignies-Louvain-la-Neuve | €21,988 | -€218 | 99.9% | - |
| DEPTHEN Mons | €11,933 | -€6,261 | -242.8% | - |
| ZTTM Houffalize | €19,663 | -€29,307 | 21.3% | - |
| JAZOE Herent | €14,853 | -€4,554 | -461.6% | - |
| Teamoo Antwerp | €22,935 | €1,305 | 97.1% | - |
These companies have the same main activity as SOLVER TECHNOLOGIES: other software publishing (NACE 58290). They are comparable in size and age: total assets between €11,900 and €22,900, founded between 2006 and 2019.
The gross margin has fallen every year since 2019. Solvency fell in 2025 from -24.6% to -153.5% because of the loss.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover: not included in this filing.
Amounts without an identifiable currency are taken as euros.
Higher than 7% of 193 companies in 2025.
Higher than 6% of 190 companies in 2025.
Lower than 95% of 190 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
23,958 | 21,115 | 24,014 | 54,700 | 166,993 | 164,421 | 142,998 | 151,053 | 171,598 | 146,606 | 150,896 | 138,504 | |
20 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
21/28 |
11,128 | 11,263 | 12,452 | 18,060 | 9,171 | 122,000 | 123,401 | 124,801 | 122,000 | 122,000 | 122,000 | 122,000 | |
21 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
22/27 |
6,128 | 6,263 | 7,452 | 8,060 | 9,171 | 0 | 1,401 | 2,801 | - | - | - | - | |
22 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
23 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
24 |
1,035 | 252 | 521 | 211 | 403 | 0 | 1,401 | 2,801 | 0 | 0 | 0 | 0 | |
26 |
5,093 | 6,012 | 6,930 | 7,849 | 8,768 | - | - | 0 | 0 | 0 | 0 | 0 | |
27 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
28 |
5,000 | 5,000 | 5,000 | 10,000 | 0 | 122,000 | 122,000 | 122,000 | 122,000 | 122,000 | 122,000 | 122,000 | |
29/58 |
12,830 | 9,852 | 11,562 | 36,641 | 157,822 | 42,421 | 19,598 | 26,252 | 49,598 | 24,606 | 28,896 | 16,504 | |
290 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
291 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
3 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
30/36 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
37 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
40/41 |
363 | 316 | 7,709 | 4,547 | 22,195 | 11,489 | 11,156 | 13,310 | 48,196 | 13,310 | 13,310 | - | |
40 |
- | 0 | 163 | - | 0 | 5,808 | 11,156 | 13,310 | 13,310 | 13,310 | 13,310 | 0 | |
41 |
363 | 316 | 7,547 | 4,547 | 22,195 | 5,681 | - | 0 | 34,886 | 0 | 0 | 0 | |
50/53 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
54/58 |
11,905 | 9,007 | 3,340 | 31,741 | 135,055 | 30,372 | 7,943 | 12,535 | 680 | 10,575 | 14,865 | 15,788 | |
490/1 |
562 | 529 | 513 | 352 | 571 | 559 | 498 | 407 | 721 | 721 | 721 | 716 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
23,958 | 21,115 | 24,014 | 54,700 | 166,993 | 164,421 | 142,998 | 151,053 | 171,598 | 146,606 | 150,896 | 138,504 | |
10/15 |
-36,774 | -5,191 | 23,195 | 20,460 | 20,460 | 20,460 | 77,664 | 21,210 | 105,231 | 58,200 | 20,460 | 32,511 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
11 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
1100/10 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
12 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
13 |
- | 0 | 4,595 | 1,860 | 1,860 | 1,860 | 59,064 | 2,610 | 86,631 | 39,600 | 1,860 | 13,911 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 696 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
1312 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
1319 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
132 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
133 |
- | 0 | 4,595 | - | - | 0 | 57,204 | 750 | 84,771 | 37,740 | 0 | 13,216 | |
14 |
-55,374 | -23,791 | 0 | 0 | - | - | - | 0 | 0 | 0 | 0 | 0 | |
15 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
160/5 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
160 |
- | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
161 |
- | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
162 |
- | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
163 |
- | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
164/5 |
- | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
168 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
17/49 |
60,732 | 26,307 | 819 | 34,240 | 146,533 | 143,961 | 65,335 | 129,842 | 66,367 | 88,407 | 130,436 | 105,993 | |
17 |
- | - | - | - | - | - | 0 | 7,395 | 24,859 | 41,929 | 58,615 | 74,925 | |
170/4 |
- | - | - | - | - | - | 0 | 7,395 | 24,859 | 41,929 | 58,615 | 74,925 | |
175 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
176 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
178/9 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
42/48 |
60,732 | 26,307 | 819 | 34,240 | 146,533 | 143,961 | 65,335 | 122,448 | 41,509 | 46,477 | 71,821 | 31,068 | |
42 |
- | - | - | - | - | 0 | 7,395 | 17,464 | 17,070 | 16,686 | 16,310 | 15,942 | |
43 |
- | - | - | - | 0 | 13,750 | 10,049 | - | - | - | - | - | |
430/8 |
- | - | - | - | 0 | 13,750 | 10,049 | 0 | 0 | 0 | 0 | 0 | |
439 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
44 |
1,641 | 2,002 | 819 | 64 | 1,088 | 529 | 602 | 1,330 | 2,196 | 836 | 1,186 | 861 | |
440/4 |
1,641 | 2,002 | 819 | 64 | 1,088 | 529 | 602 | 1,330 | 2,196 | 836 | 1,186 | 861 | |
441 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
46 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
45 |
1,485 | 230 | 0 | 9,633 | 7,319 | 4,340 | 26,530 | 54,675 | 22,242 | 18,900 | 29,983 | 9,594 | |
450/3 |
235 | 230 | 0 | 6,468 | 7,319 | 4,340 | 26,530 | 54,675 | 22,242 | 18,900 | 24,935 | 9,594 | |
454/9 |
1,250 | - | 0 | 3,165 | - | - | - | 0 | 0 | 0 | 5,048 | 0 | |
47/48 |
57,606 | 24,074 | 0 | 24,543 | 138,126 | 125,342 | 20,759 | 48,979 | 0 | 10,055 | 24,342 | 4,672 | |
492/3 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
| Income statement | |||||||||||||
70 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
76A |
- | - | - | - | 89,452 | - | - | 0 | 0 | 0 | 0 | 0 | |
9900 |
-29,256 | -12,505 | 6,898 | 33,804 | 60,460 | 72,946 | 93,206 | 71,864 | 70,530 | 57,233 | 36,645 | 21,870 | |
60/61 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
62 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
630 |
1,192 | 1,188 | 1,363 | 1,111 | 594 | 1,401 | 1,400 | 1,400 | 0 | 0 | 0 | 0 | |
631/4 |
0 | 13,600 | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
635/8 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
640/8 |
748 | 724 | 700 | 643 | 640 | 567 | 633 | 628 | 623 | 617 | 615 | 837 | |
649 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
66A |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
9901 |
-31,196 | -28,017 | 4,835 | 32,049 | 59,227 | 70,978 | 91,172 | 69,836 | 69,907 | 56,616 | 36,030 | 21,033 | |
75/76B |
- | 0 | 24 | 43 | 90,012 | - | - | 0 | 1,024 | 7 | 0 | 9 | |
75 |
- | 0 | 24 | 43 | 560 | - | - | 0 | 1,024 | 7 | 0 | 9 | |
76B |
- | - | - | 0 | 89,452 | - | - | 0 | 0 | 0 | - | - | |
65/66B |
152 | 135 | 120 | 351 | 152 | 700 | 746 | 1,051 | 1,658 | 2,181 | 2,757 | 1,926 | |
65 |
152 | 135 | 120 | 351 | 152 | 700 | 746 | 1,051 | 1,658 | 2,181 | 2,757 | 1,926 | |
66B |
- | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
9903 |
-31,348 | -28,152 | 4,739 | 31,741 | 149,087 | 70,278 | 90,427 | 68,785 | 69,273 | 54,442 | 33,272 | 19,116 | |
67/77 |
235 | 234 | 2,003 | 7,198 | 10,961 | 18,577 | 33,974 | 22,805 | 22,242 | 16,703 | 12,348 | 5,205 | |
9904 |
-31,583 | -28,386 | 2,735 | 24,543 | 138,126 | 51,701 | 56,453 | 45,980 | 47,031 | 37,740 | 20,925 | 13,911 | |
789 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
689 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
9905 |
-31,583 | -28,386 | 2,735 | 24,543 | 138,126 | 51,701 | 56,453 | 45,980 | 47,031 | 37,740 | 20,925 | 13,911 | |
| Appropriation of the result | |||||||||||||
9906 |
-55,374 | -28,386 | 2,735 | 24,543 | 138,126 | 51,701 | 56,453 | 45,980 | 47,031 | 37,740 | 20,925 | 13,911 | |
14P |
-23,791 | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
0 | 4,595 | - | - | 0 | 57,204 | - | 84,020 | 0 | 0 | 13,216 | 0 | |
691/2 |
- | 0 | 2,735 | - | - | 0 | 56,453 | - | 47,031 | 37,740 | 1,164 | 13,911 | |
691 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
6920 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 1,164 | 696 | |
6921 |
- | 0 | 2,735 | - | - | 0 | 56,453 | 0 | 47,031 | 37,740 | 0 | 13,216 | |
694/7 |
- | - | 0 | 24,543 | 138,126 | 108,904 | - | 130,000 | - | - | 32,976 | - | |
694 |
- | - | 0 | 24,543 | 132,126 | 108,904 | - | 130,000 | 0 | 0 | 32,976 | 0 | |
695 |
- | - | - | 0 | 6,000 | - | - | 0 | 0 | 0 | 0 | 0 | |
696 |
- | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
| Social balance sheet | |||||||||||||
9087 |
0 | 0 | 0 | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 23-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 23-03-2026 | 2026-00060066 | |
| 31-12-2024 | full format | 18-06-2025 | 2025-00155501 | |
| 31-12-2023 | full format | 03-06-2024 | 2024-00105900 | |
| 31-12-2022 | full format | 03-04-2023 | 2023-00051713 | |
| 31-12-2021 | full format | 07-03-2022 | 2022-07300328 | |
| 31-12-2020 | micro format | 10-06-2021 | 2021-18700432 | |
| 31-12-2019 | micro format | 09-06-2020 | 2020-15700434 | |
| 31-12-2018 | micro format | 11-06-2019 | 2019-17500112 | |
| 31-12-2017 | micro format | 08-06-2018 | 2018-17100081 | |
| 31-12-2016 | micro format | 14-06-2017 | 2017-17700246 | |
| 31-12-2015 | full format | 07-06-2016 | 2016-15900127 | |
| 31-12-2014 | full format | 29-06-2015 | 2015-22600520 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -30,004 | -26,829 | 6,198 | 33,161 | 59,821 | 72,379 | 92,573 | 71,236 | 69,907 | 56,616 | 36,030 | 21,033 | ||
| -30,391 | -27,198 | 4,098 | 25,654 | 138,720 | 53,101 | 57,854 | 47,380 | 47,031 | 37,740 | 20,925 | 13,911 | ||
| 1,056 | 0 | 755 | 10,000 | 9,765 | 0 | 0 | 4,201 | 0 | 0 | 0 | 122,000 | ||
| 2,898 | 5,667 | -28,401 | -103,314 | 104,683 | 22,429 | -4,592 | 11,855 | -9,894 | -4,290 | -924 | - | ||
| -47,902 | -16,455 | 10,743 | 2,400 | 11,289 | -101,540 | -45,737 | -96,196 | 8,089 | -21,871 | -42,925 | -14,564 | ||
| -153.5% | -24.6% | 96.6% | 37.4% | 12.3% | 12.4% | 54.3% | 14.0% | 61.3% | 39.7% | 13.6% | 23.5% | ||
| 0.21 | 0.37 | 14.12 | 1.07 | 1.08 | 0.29 | 0.30 | 0.21 | 1.19 | 0.53 | 0.40 | 0.53 | ||
| - | - | 0.04 | 1.67 | 7.16 | 7.04 | 0.84 | 6.12 | 0.63 | 1.52 | 6.38 | 3.26 | ||
| - | - | 11.8% | 120.0% | 675.1% | 252.7% | 72.7% | 216.8% | 44.7% | 64.8% | 102.3% | 42.8% | ||
| -131.8% | -134.4% | 11.4% | 44.9% | 82.7% | 31.4% | 39.5% | 30.4% | 27.4% | 25.7% | 13.9% | 10.0% | ||
| -197.79 | -198.73 | 51.65 | 94.42 | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,056 | - | €755 | - |
| Financial fixed assets | - | - | - | €10,000 |
| €1,192 | €1,188 | €1,363 | €1,111 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €31,196, larger than the loss of €28,017 in 2024. It is the lowest result since 2014.
Equity is negative. Debt (€60,732) exceeds the balance-sheet total (€23,958).
Source: list of holdings in its own 2025 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2024, in their own currency.
| Name | 2014 | 2015 | 2016 | 2017 | 2018 | 2022 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| CWANTIC SASFR | 100% | 50% | ||||||
| COVER GROUP | 29.07% | |||||||
Source: list of holdings in its own accounts
The network starts from the directors of SOLVER TECHNOLOGIES. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue du Bourdeau 10A registered office 7542 Tournai | 24-02-2014 | 2.227.796.030 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 57056B0314/00D002 | 3,482 m² | 1 · 149 m² | 5.7 m · 1 |
If something looks wrong or is missing, please tell us.