Solyth
ActiveSummary
Solyth has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147,915 and a net result of €46,637. Equity is growing by ~64.5% per year across the filed fiscal years. Its solvency ranks better than 46% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-13
Solvency71▼-13
Growth78=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 2.02 against 2.78 in 2024; short-term debt: 38.9% and cash: 30% of total assets), but 53.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
46.3%
Return on assets
14.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€147,915▲ 46.0%
2024 · €101,278
Total assets
€319,140▲ 84.4%
2024 · €173,044
Net result
€46,637▼ 45.0%
2024 · €84,867
Working capital
€126,814▲ 37.4%
2024 · €92,322
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€21,528-€108,408▲ 404%€62,427▼ 42.4%
Net result€16,103-€84,867▲ 427%€46,637▼ 45.0%
Equity€17,270-€101,278▲ 486%€147,915▲ 46.0%
Total assets€58,384-€173,044▲ 196%€319,140▲ 84.4%
Debt€41,114-€71,766▲ 74.6%€171,225▲ 139%
Working capital€6,503-€92,322▲ 1,320%€126,814▲ 37.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €319,140
Fixed assets
€68,243 ▲ 136%
Current assets
€250,897 ▲ 74.1%
Equity and liabilities €319,140
Equity
€147,915 ▲ 46.0%
Debt
€171,225 ▲ 139%
Debt's share of the balance-sheet total rises from 41.5% to 53.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€78,173▼
2024 · €115,707
Cash flow
€62,382▼
2024 · €92,166
Current ratio
2.02▼
2024 · 2.78
Quick ratio
0.84▼
2024 · 2.78
Debt to equity
1.16▲
2024 · 0.71
ROE
31.5%▼
2024 · 83.8%
ROA
14.6%▼
2024 · 49.0%
Interest coverage
23.71▼
2024 · 91.22
Debt ≤ 1 year
€124,083▲
2024 · €51,754
Debt > 1 year
€46,662▲
2024 · €19,517
Income taxes
€12,494▼
2024 · €22,273
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 39,275 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
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €228 | €7,299 | €15,746 | ▲ 116% |
| Other operating charges640/8 | €65 | €244 | €678 | ▲ 178% |
| Gross operating margin9900 | €21,822 | €115,951 | €78,850 | ▼ 32.0% |
| Operating profit (loss)9901 | €21,528 | €108,408 | €62,427 | ▼ 42.4% |
| Financial income75/76B | €0 | €0 | €1 | - |
| Recurring financial income75 | €0 | €0 | €1 | - |
| Financial charges65/66B | €134 | €1,269 | €3,296 | ▲ 160% |
| Recurring financial charges65 | €134 | €1,269 | €3,296 | ▲ 160% |
| Profit (loss) for the period before taxes9903 | €21,394 | €107,140 | €59,131 | ▼ 44.8% |
| Income taxes67/77 | €5,291 | €22,273 | €12,494 | ▼ 43.9% |
| Profit (loss) for the period9904 | €16,103 | €84,867 | €46,637 | ▼ 45.0% |
| Profit (loss) for the period to be appropriated9905 | €16,103 | €84,867 | €46,637 | ▼ 45.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €58,384 | €173,044 | €319,140 | ▲ 84.4% |
| Fixed assets21/28 | €36,267 | €28,968 | €68,243 | ▲ 136% |
| Tangible fixed assets22/27 | €36,267 | €28,968 | €68,243 | ▲ 136% |
| Furniture and vehicles24 | €36,267 | €28,968 | €68,243 | ▲ 136% |
| Current assets29/58 | €22,117 | €144,076 | €250,897 | ▲ 74.1% |
| Stocks and contracts in progress3 | - | - | €146,276 | - |
| Stocks30/36 | - | - | €146,276 | - |
| Amounts receivable within one year40/41 | €12,974 | €28,959 | €8,861 | ▼ 69.4% |
| Trade receivables40 | €10,709 | €28,959 | €8,861 | ▼ 69.4% |
| Other amounts receivable41 | €2,264 | €0 | - | - |
| Cash at bank and in hand54/58 | €8,387 | €113,132 | €95,710 | ▼ 15.4% |
| Deferred charges and accrued income490/1 | €756 | €1,986 | €50 | ▼ 97.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €58,384 | €173,044 | €319,140 | ▲ 84.4% |
| Equity10/15 | €17,270 | €101,278 | €147,915 | ▲ 46.0% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €15,270 | €99,278 | €145,915 | ▲ 47.0% |
| Distributable reserves133 | €15,270 | €99,278 | €145,915 | ▲ 47.0% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €41,114 | €71,766 | €171,225 | ▲ 139% |
| Amounts payable after more than one year17 | €25,485 | €19,517 | €46,662 | ▲ 139% |
| Financial debts170/4 | €25,485 | €19,517 | €46,662 | ▲ 139% |
| Amounts payable within one year42/48 | €15,614 | €51,754 | €124,083 | ▲ 140% |
| Current portion of amounts payable after more than one year42 | €5,715 | €5,968 | €31,326 | ▲ 425% |
| Trade debts44 | €2,946 | €4,567 | €9,748 | ▲ 113% |
| Suppliers440/4 | €2,946 | €4,567 | €9,748 | ▲ 113% |
| Taxes, remuneration and social security45 | €5,291 | €39,082 | €39,262 | ▲ 0.5% |
| Taxes450/3 | €5,291 | €37,658 | €39,262 | ▲ 4.3% |
| Remuneration and social security454/9 | - | €1,424 | €0 | ▼ 100% |
| Other amounts payable47/48 | €1,662 | €2,136 | €43,746 | ▲ 1,948% |
| Accrued charges and deferred income492/3 | €15 | €496 | €480 | ▼ 3.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,103 | €84,867 | €46,637 | ▼ 45.0% |
| + Depreciation and write-downs630 | €228 | €7,299 | €15,746 | ▲ 116% |
| Operating cash flow (approximation) | €16,332 | €92,166 | €62,382 | ▼ 32.3% |
| Investment in fixed assets (approximation) | - | €0 | -€55,020 | - |
| Change in cash | - | €104,744 | -€17,421 | ▼ 117% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2023net €84,867 ▲427%
Operating result €108,408, net result €84,867, both a record.
31-12
Financial
Equity above €100,000Eq €101,278 ▲486%
2 profitable years in a row build equity to €101,278.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Dendermonde · 1 establishment unit since 2023
Ground area
612 m²
Building footprint
120 m²
Volume, LiDAR
687 m³
Parcel 42007A1392/00G000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Solyth
since 20232.349.533.010
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42007A1392/00G000 | Flanders | 612 m² | 1 · 120 m² | 8.2 m · 2 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.
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,415. 7,134 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-08-2023
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
41001General construction of residential buildings
68121Development of residential building projects
70200Business and other management consultancy
71111Activities of building architects
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0805275885
Also
9925:BE0805275885
Registered
22-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.