Equity
Equity fell by 74% in 10 years.
The dashed line is the sector median: 0.2% across 11,228 companies (NACE 73, 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 73, micro). It does better than 65% of them on solvency, 23% on liquidity, 39% on profitability and 23% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 10,904 companies had the same profile as Solvitis has now. Each dot stands for 28 companies, two years later.
That fits the bankruptcy probability of Solvitis itself: 0.4% within 12 months.
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 10,904 companies, not a prediction for Solvitis. 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 ample, with a current ratio of 1.98 (2.69 in 2024), above the usual 1.5. Short-term debt is 31.3% and cash 2.2% of total assets. 32.9% of the assets are financed with debt and provisions.
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 2 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Solvitis Auderghem | €260,218 | €47,344 | 67.1% | - |
| KAMO MANAGEMENT Woluwe-Saint-Pierre | €274,029 | €42,259 | 4.7% | - |
| Fishermen Hove | €257,926 | €48,279 | 87.6% | - |
| HITCHCOX Boortmeerbeek | €240,009 | €47,459 | 76.4% | - |
| JORUCO Tervuren | €262,539 | €49,501 | 98.4% | - |
| Fyraco Solutions Antwerp | €248,255 | €53,536 | 66.7% | 1 |
| 4USimplify Waterloo | €288,305 | €52,898 | 84.4% | - |
These companies have the same main activity as Solvitis: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €240,000 and €288,000, founded between 2012 and 2015.
Solvitis files the micro format. That format states no turnover. The gross margin rose from -€1,347 in 2013 to €47,344 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €88,000 and €170,000.
Higher than 63% of 8,614 companies in 2025.
Higher than 49% of 8,290 companies in 2025.
Higher than 28% of 8,399 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
260,218 | 281,675 | 276,838 | 469,890 | 455,530 | 507,233 | 517,921 | 660,922 | 1.1m | 1.3m | 1.1m | 695,747 | 18,485 | |
21/28 |
98,385 | 122,946 | 81,985 | 103,587 | 80,610 | 18,035 | 5,564 | 5,639 | 5,852 | 9,334 | 7,044 | 6,738 | - | |
21 |
22,823 | 50,446 | 78,540 | 98,798 | 76,870 | 11,842 | - | - | - | - | - | - | - | |
22/27 |
54,778 | 72,501 | 3,445 | 4,789 | 3,739 | 6,193 | 5,564 | 5,639 | 5,852 | 9,334 | 7,044 | 6,738 | - | |
23 |
- | - | - | 316 | 632 | 947 | 1,263 | - | - | - | - | - | - | |
24 |
54,778 | 72,501 | 3,445 | 4,473 | 3,108 | 5,245 | 4,301 | 5,639 | 5,852 | 9,334 | 7,044 | 6,738 | - | |
28 |
20,785 | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
161,833 | 158,728 | 194,853 | 366,303 | 374,921 | 489,199 | 512,357 | 655,283 | 1.1m | 1.3m | 1.1m | 689,009 | 18,485 | |
29 |
- | - | - | 100,000 | 100,000 | - | - | - | 110,000 | 170,000 | 130,000 | 70,000 | - | |
291 |
- | - | - | 100,000 | 100,000 | - | - | - | 110,000 | 170,000 | 130,000 | 70,000 | - | |
40/41 |
150,780 | 150,039 | 155,085 | 175,085 | 128,916 | 193,438 | 146,851 | 271,315 | 222,702 | 494,526 | 443,250 | 359,409 | 10,305 | |
40 |
- | - | - | 25,410 | 9,420 | 48,081 | 87,755 | 126,566 | 153,616 | 364,331 | 396,735 | 344,289 | - | |
41 |
150,780 | 150,039 | 155,085 | 149,675 | 119,496 | 145,357 | 59,096 | 144,749 | 69,086 | 130,195 | 46,515 | 15,120 | 10,305 | |
50/53 |
- | - | - | - | 129,959 | 248,278 | 328,807 | 344,785 | 447,468 | 425,925 | 303,802 | - | - | |
54/58 |
5,694 | 3,581 | 34,954 | 86,136 | 13,471 | 43,927 | 28,737 | 34,482 | 284,559 | 205,972 | 180,550 | 258,078 | 7,927 | |
490/1 |
5,359 | 5,108 | 4,814 | 5,082 | 2,575 | 3,556 | 7,962 | 4,702 | 4,366 | 8,195 | 5,612 | 1,522 | 252 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
260,218 | 281,675 | 276,838 | 469,890 | 455,530 | 507,233 | 517,921 | 660,922 | 1.1m | 1.3m | 1.1m | 695,747 | 18,485 | |
10/15 |
174,666 | 222,580 | 273,686 | 460,214 | 438,278 | 441,416 | 419,959 | 558,260 | 548,521 | 469,140 | 662,131 | 329,478 | 16,918 | |
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 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
156,000 | 203,980 | 255,086 | 441,000 | 419,678 | 422,000 | 401,000 | 539,000 | 529,000 | 450,540 | 643,000 | 310,000 | - | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
132 |
436 | 436 | 436 | 436 | 436 | 877 | 877 | 877 | 588 | 441 | 294 | 147 | - | |
133 |
155,564 | 203,545 | 254,650 | 438,704 | 417,382 | 419,263 | 398,263 | 536,263 | 526,552 | 448,239 | 640,846 | 307,993 | - | |
14 |
66 | - | - | 614 | - | 816 | 359 | 660 | 921 | - | 531 | 878 | -1,682 | |
17/49 |
85,552 | 59,094 | 3,152 | 9,676 | 17,252 | 65,818 | 97,962 | 102,662 | 526,427 | 844,812 | 408,127 | 366,269 | 1,567 | |
42/48 |
81,562 | 59,094 | 3,152 | 9,676 | 17,252 | 65,818 | 97,962 | 102,662 | 526,205 | 844,812 | 408,127 | 366,269 | 1,567 | |
43 |
- | - | - | - | - | - | - | 3,333 | 25,000 | 25,000 | 25,000 | 16,667 | - | |
430/8 |
- | - | - | - | - | - | - | 3,333 | 25,000 | 25,000 | 25,000 | 16,667 | - | |
44 |
660 | 5,001 | 524 | 6,111 | 16,125 | 52,508 | 95,849 | 97,716 | 275,336 | 346,187 | 270,881 | 281,638 | 1,567 | |
440/4 |
660 | 5,001 | 524 | 6,111 | 16,125 | 52,508 | 95,849 | 97,716 | 275,336 | 346,187 | 270,881 | 281,638 | 1,567 | |
45 |
10,465 | 233 | 1,673 | 3,565 | 1,127 | 310 | 2,113 | 1,613 | 27,299 | 2,625 | 112,247 | 67,965 | - | |
450/3 |
10,465 | 233 | - | - | - | - | 1,199 | 1,199 | 26,432 | 2,625 | 112,247 | 67,965 | - | |
454/9 |
- | - | 1,673 | 3,565 | 1,127 | 310 | 914 | 414 | 867 | - | - | - | - | |
47/48 |
70,437 | 53,861 | 954 | - | - | 13,000 | - | - | 198,570 | 471,000 | - | - | - | |
492/3 |
3,990 | - | - | - | - | - | - | - | 221 | - | - | - | - | |
| Income statement | ||||||||||||||
9900 |
47,344 | -9,204 | -12,328 | 31,275 | -6,785 | 26,128 | -960 | 61,892 | 392,500 | 408,565 | 507,272 | 475,073 | -1,347 | |
62 |
- | 146 | 21,822 | 15,775 | 12,080 | 11,026 | 25,122 | 22,548 | 15,102 | - | - | - | - | |
630 |
45,346 | 42,730 | 28,722 | 25,752 | 12,590 | 3,572 | 2,814 | 3,754 | 3,046 | 3,687 | 3,323 | 2,416 | - | |
640/8 |
932 | 3,284 | 384 | 348 | 695 | - | 868 | 868 | 868 | 868 | 348 | 348 | 348 | |
66A |
- | 25 | 380 | - | - | - | - | - | 436 | 1,040 | - | - | - | |
9901 |
1,066 | -55,389 | -63,637 | -10,599 | -32,150 | 11,531 | -29,764 | 34,722 | 373,049 | 402,970 | 503,602 | 472,309 | -1,694 | |
75/76B |
5,373 | 4,597 | 3,793 | 32,611 | 29,165 | 23,178 | 16,653 | 10,478 | 10,639 | 10,017 | 5,329 | 1,318 | 12 | |
75 |
5,373 | 4,597 | 3,793 | 32,611 | 29,165 | 23,178 | 16,653 | 10,478 | 10,639 | 10,017 | 5,329 | 1,318 | 12 | |
65/66B |
4,075 | 81 | 185 | 75 | 109 | 252 | -17,810 | 23,018 | 1,474 | -1,983 | 6,428 | 720 | - | |
65 |
4,075 | 81 | 185 | 75 | 109 | 252 | -17,810 | 23,018 | 1,474 | -1,983 | 6,428 | 720 | - | |
9903 |
2,363 | -50,873 | -60,028 | 21,937 | -3,094 | 34,456 | 4,699 | 22,182 | 382,214 | 414,970 | 502,503 | 472,908 | -1,682 | |
67/77 |
277 | 233 | - | - | 44 | - | - | 12,443 | 126,334 | 136,961 | 169,850 | 160,348 | - | |
9904 |
2,086 | -51,106 | -60,028 | 21,937 | -3,138 | 34,456 | 4,699 | 9,740 | 255,880 | 278,010 | 332,653 | 312,560 | -1,682 | |
789 |
- | - | - | - | 441 | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | 289 | 147 | 147 | 147 | 147 | - | |
9905 |
2,086 | -51,106 | -60,028 | 21,937 | -2,697 | 34,456 | 4,699 | 9,451 | 255,733 | 277,863 | 332,506 | 312,413 | -1,682 | |
| Appropriation of the result | ||||||||||||||
9906 |
2,086 | -51,106 | -59,414 | 21,937 | -1,881 | 34,816 | 5,359 | 10,372 | 255,733 | 278,393 | 333,384 | 310,731 | -1,682 | |
14P |
- | - | 614 | - | 816 | - | - | - | - | - | - | - | - | |
791/2 |
50,000 | 51,106 | 185,914 | - | 1,881 | - | 143,000 | - | - | 192,607 | - | - | - | |
691/2 |
2,020 | - | - | 21,322 | - | 21,000 | 5,000 | 9,711 | 78,313 | - | 332,853 | 309,853 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | - | |
6921 |
2,020 | - | - | 21,322 | - | 21,000 | 5,000 | 9,711 | 78,313 | - | 332,853 | 307,993 | - | |
694/7 |
50,000 | - | 126,500 | - | - | 13,000 | 143,000 | - | 176,500 | 471,000 | - | - | - | |
694 |
50,000 | - | 126,500 | - | - | - | 143,000 | - | 176,500 | 471,000 | - | - | - | |
695 |
- | - | - | - | - | 13,000 | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||
9087 |
- | - | 1 | 0.5 | 1 | 0.8 | 1 | 1 | 1 | - | - | - | - | |
Hours worked1013 |
- | - | 1,185 | 770 | 765 | 560 | 1,740 | 1,080 | 1,071 | - | - | - | - | |
| 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 accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00484598.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00484598 | |
| 31-12-2024 | micro format | 18-08-2025 | 2025-00412992 | |
| 31-12-2023 | micro format | 16-07-2024 | 2024-00254798 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00279887 | |
| 31-12-2021 | micro format | 23-08-2022 | 2022-20318687 | |
| 31-12-2020 | abbreviated format | 28-06-2021 | 2021-25500592 | |
| 31-12-2019 | abbreviated format | 27-07-2020 | 2020-34200509 | |
| 31-12-2018 | abbreviated format | 29-07-2019 | 2019-39500316 | |
| 31-12-2017 | abbreviated format | 24-08-2018 | 2018-51900201 | |
| 31-12-2016 | abbreviated format | 15-06-2017 | 2017-17800188 | |
| 31-12-2015 | abbreviated format | 01-06-2016 | 2016-14600002 | |
| 31-12-2014 | abbreviated format | 21-08-2015 | 2015-44700082 | |
| 31-12-2013 | abbreviated format | 04-06-2014 | 2014-15300064 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 46,412 | -12,660 | -34,915 | 15,153 | -19,560 | 15,102 | -26,950 | 38,476 | 376,095 | 406,657 | 506,925 | 474,725 | - | ||
| 47,432 | -8,376 | -31,306 | 47,689 | 9,452 | 38,028 | 7,513 | 13,493 | 258,926 | 281,697 | 335,976 | 314,976 | - | ||
| 20,785 | 85,691 | 7,500 | 48,730 | 75,165 | 16,042 | 2,739 | 3,540 | -436 | 7,017 | 3,629 | 9,154 | - | ||
| 2,113 | -31,373 | -51,182 | 72,665 | -30,456 | 15,189 | -5,744 | -250,078 | 78,587 | 25,422 | -77,528 | 250,151 | - | ||
| 80,271 | 99,634 | 191,701 | 356,627 | 357,668 | 423,381 | 414,395 | 552,621 | 542,890 | 459,807 | 655,087 | 322,740 | 16,918 | ||
| 67.1% | 79.0% | 98.9% | 97.9% | 96.2% | 87.0% | 81.1% | 84.5% | 51.0% | 35.7% | 61.9% | 47.4% | 91.5% | ||
| 1.98 | 2.69 | 61.83 | 37.86 | 21.73 | 7.43 | 5.23 | 6.38 | 2.03 | 1.54 | 2.61 | 1.88 | 11.80 | ||
| 0.49 | 0.27 | 0.01 | 0.02 | 0.04 | 0.15 | 0.23 | 0.18 | 0.96 | 1.80 | 0.62 | 1.11 | 0.09 | ||
| 1.2% | -23.0% | -21.9% | 4.8% | -0.7% | 7.8% | 1.1% | 1.7% | 46.6% | 59.3% | 50.2% | 94.9% | -9.9% | ||
| 0.8% | -18.1% | -21.7% | 4.7% | -0.7% | 6.8% | 0.9% | 1.5% | 23.8% | 21.2% | 31.1% | 44.9% | -9.1% | ||
| 11.39 | -157.18 | -189.03 | over 100 | -179.15 | - | - | - | - | - | - | - | - |
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 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | - | - |
| part-time | - | 1 | 1 |
| in full-time equivalents | 1 | 0.5 | 0.5 |
| 1 | 0.5 | 0.5 | |
| On a permanent contract | 1 | 1 | 1 |
| Joined | 0 | - | - |
| Left | 1 | - | - |
Source: social balance sheet in the 2021 to 2023 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €85,691 | - | €3,206 | - |
| Intangible fixed assets | - | - | €7,500 | €45,524 | €75,165 |
| Financial fixed assets | €20,785 | - | - | - | - |
| €45,346 | €42,730 | €28,722 | €25,752 | €12,590 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €1,066, after a loss of €55,389 in 2024. It is the highest result since 2020.
Debt's share of the balance-sheet total rises from 21.0% to 32.9%. Equity is lower and debt is higher.
Solvitis has no parent and no holdings in its annual accounts. YOUNG INVENT is the only director. Solvitis shares no director with another company.
| YOUNG INVENT
registered office since 19-11-1997 · founded in 1997 · negative equity (2025) |
total assets €57,891 (2025) 0461.857.877 |
| Jurmu, Raili (sole trader)
establishment since 22-01-1997 |
founded in 1997 0559.737.114 |
| University of Chicago Alumni in Belgium
registered office since 18-03-1976 |
founded in 1976 0415.867.308 |
| Stichting Simonart
registered office since 15-05-1970 |
founded in 1970 0407.965.172 |
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 |
|---|---|---|
| Sint-Annalaan 29 registered office 1160 Auderghem 6220001 Computer consultancy and computer facilities management | 16-12-2013 | 2.225.655.102 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21332C0056/00B014 | 171 m² | 1 · 176 m² | 10.7 m · 2 |
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