Solvondo
ActiveThe computed 12-month bankruptcy probability of Solvondo is 1.7% (moderate). The 2025 annual accounts show equity of €11k and a net result of €3k. Equity is growing by ~59.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 13090 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-7
Solvency35▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.42 against 0.75 in 2024; short-term debt: 89.5% and cash: 8.6% of total assets), and 90.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.6%
Return on assets
2.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
2 d early
2023
7 d early
2022
25 d early
2021
24 d early
2020
22 d early
2019
28 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k▲ 35.1%
2024 · €8k
2018: €-39k
2019: €-21k
2020: €-9k
2021: €-13k
2022: €-5k
2023: €4k
2024: €8k
2018 → 2025
Total assets
€117k▲ 130%
2024 · €51k
2018: €24k
2019: €26k
2020: €37k
2021: €29k
2022: €35k
2023: €49k
2024: €51k
2018 → 2025
Net result
€3k▼ 30.3%
2024 · €4k
2018: €-18k
2019: €18k
2020: €11k
2021: €-4k
2022: €8k
2023: €9k
2024: €4k
2018 → 2025
Working capital
€-61k▼ 475%
2024 · €-11k
2018: €-48k
2019: €-31k
2020: €-28k
2021: €-31k
2022: €-22k
2023: €-20k
2024: €-11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-13k-€-5k▲ 60.1%€4k€8k▲ 102%€11k▲ 35.1%
Operating result€-3k-€9k€11k▲ 28.5%€6k▼ 48.1%€5k▼ 16.6%
Net result€-4k-€8k€9k▲ 19.3%€4k▼ 55.0%€3k▼ 30.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €117k
Fixed assets
€73k▲ 273%
Current assets
€44k▲ 40.3%
Equity and liabilities €117k
Equity
€11k▲ 35.1%
Debt
€106k▲ 148%
The debt ratio rises from 83.7% to 90.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15k▲
2024 · €13k
Cash flow
€13k▲
2024 · €12k
Solvency
9.6%▼
2024 · 16.3%
Current ratio
0.42▼
2024 · 0.75
Quick ratio
0.33▼
2024 · 0.51
Debt / equity
9.44▲
2024 · 5.14
ROE
26.0%▼
2024 · 50.4%
ROA
2.5%▼
2024 · 8.2%
Interest coverage
8.08▲
2024 · 7.61
Debt
€106k▲
2024 · €42k
Debt ≤ 1 year
€104k▲
2024 · €42k
Income taxes
€143▲
2024 · €135
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€51k€117k▲
Fixed assets21/28€20k€73k▲
Intangible fixed assets21-€59k
Tangible fixed assets22/27€16k€9k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€12k€7k▼
Financial fixed assets28€3k€5k▲
Current assets29/58€31k€44k▲
Stocks and contracts in progress3€10k€10k▼
Stocks30/36€10k€10k▼
Amounts receivable within one year40/41€7k€22k▲
Trade receivables40€6k€21k▲
Other amounts receivable41€699€107▼
Cash at bank and in hand54/58€9k€10k▲
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€51k€117k▲
Equity10/15€8k€11k▲
Contributions10/11€20k€20k=
Reserves13€3k€3k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-15k€-12k▲
Amounts payable17/49€42k€106k▲
Amounts payable within one year42/48€42k€104k▲
Trade debts44€14k€31k▲
Suppliers440/4€14k€31k▲
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€3k€289▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€25k€71k▲
Accrued charges and deferred income492/3€733€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€10k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€0▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€19k€17k▼
Operating profit (loss)9901€6k€5k▼
Financial income75/76B€261€48▼
Recurring financial income75€261€48▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€4k€3k▼
Income taxes67/77€135€143▲
Profit (loss) for the period9904€4k€3k▼
Profit (loss) for the period to be appropriated9905€4k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-12k▲
Profit (loss) brought forward from the previous period14P€-19k€-15k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
06-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Zulte · 2 establishment units since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Waalstraat 819870 ZulteGround area
2,114 m²
Building footprint
611 m²
Volume, LiDAR
5,271 m³
2 parcels, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
SOLVONDO
since 20042.144.845.687
Whip
since 20182.279.336.781
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081C0134/00E003 | Flanders | 1,525 m² | 1 · 186 m² | 8.2 m · 2 fl. |
| 44081C0032/00V000 | Flanders | 589 m² | 1 · 425 m² | 15.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteZulte2.279.336.781
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Of 14,028 companies in sector 56301 we hold annual accounts for 4,893. 3,608 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2004
Fiscal year end30-09
Activities, NACEBEL
56301Cafés and bars
63406
47120Other non-specialised retail sale
47910Retail trade
52250Logistics services
52290Warehousing and support activities for transportation
59113Video and film production, excluding cinema and television films
59120Post-production of films, video and television programmes
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
70200Business and other management consultancy
70220Business consulting
74201Photography, excluding press photography
74209Other photographic activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.