SolAlteRN
ActiveSolAlteRN has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €280k and a net result of €42k. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 71% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83▲+8
Solvency98▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.9 against 3.13 in 2023; short-term debt: 12.6% and cash: 41.2% of total assets), and 26.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
58 d late
2022
46 d early
2021
19 d early
2020
23 d early
2019
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42k▲ 154%
2023 · €17k
2018: €35k
2019: €42k
2020: €49k
2021: €57k
2022: €65k
2023: €17k
2018 → 2024
Working capital
€139k▲ 26.9%
2023 · €110k
2018: €63k
2019: €75k
2020: €116k
2021: €166k
2022: €191k
2023: €110k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€130k-€186k▲ 43.7%€228k▲ 22.3%€244k▲ 7.3%€280k▲ 14.7%
Operating result€68k-€82k▲ 21.3%€77k▼ 6.2%€28k▼ 63.8%€79k▲ 183%
Net result€49k-€57k▲ 16.4%€65k▲ 14.5%€17k▼ 74.4%€42k▲ 154%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 183% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €382k
Fixed assets
€195k▼ 1.2%
Current assets
€187k▲ 16.2%
Equity and liabilities €382k
Equity
€280k▲ 14.7%
Debt
€101k▼ 10.8%
The debt ratio falls from 31.7% to 26.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81k▲
2023 · €48k
Cash flow
€45k▲
2023 · €36k
Solvency
73.5%▲
2023 · 68.3%
Current ratio
3.90▲
2023 · 3.13
Quick ratio
3.54▲
2023 · 3.13
Debt / equity
0.36▼
2023 · 0.46
ROE
15.1%▲
2023 · 6.8%
ROA
11.1%▲
2023 · 4.6%
Interest coverage
35.04▲
2023 · 17.77
Debt
€101k▼
2023 · €114k
Debt ≤ 1 year
€48k▼
2023 · €51k
Debt > 1 year
€53k▼
2023 · €62k
Income taxes
€36k▲
2023 · €9k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€358k€382k▲
Fixed assets21/28€197k€195k▼
Tangible fixed assets22/27€193k€191k▼
Land and buildings22€192k€190k▼
Furniture and vehicles24€568€346▼
Financial fixed assets28€4k€4k=
Current assets29/58€161k€187k▲
Amounts receivable after more than one year29€10k€10k▲
Trade receivables290€10k€10k▲
Stocks and contracts in progress3-€18k
Stocks30/36-€18k
Amounts receivable within one year40/41€17k€2k▼
Trade receivables40€17k€1k▼
Other amounts receivable41€95€763▲
Current investments50/53€75k-
Cash at bank and in hand54/58€59k€157k▲
Deferred charges and accrued income490/1€40€8▼
Equity and liabilities
Total equity and liabilities10/49€358k€382k▲
Equity10/15€244k€280k▲
Contributions10/11€6k€6k=
Reserves13€236k€271k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€234k€269k▲
Profit (loss) carried forward14€3k€3k▲
Amounts payable17/49€114k€101k▼
Amounts payable after more than one year17€62k€53k▼
Financial debts170/4€62k€53k▼
Amounts payable within one year42/48€51k€48k▼
Current portion of amounts payable after more than one year42€9k€9k▼
Trade debts44€13k€5k▼
Suppliers440/4€13k€5k▼
Taxes, remuneration and social security45€27k€31k▲
Taxes450/3€27k€31k▲
Other amounts payable47/48€3k€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€2k▼
Other operating charges640/8€775€766▼
Non-recurring operating charges66A-€247
Gross operating margin9900€48k€82k▲
Operating profit (loss)9901€28k€79k▲
Financial income75/76B€0€2k▲
Recurring financial income75€0€2k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€25k€78k▲
Income taxes67/77€9k€36k▲
Profit (loss) for the period9904€17k€42k▲
Profit (loss) for the period to be appropriated9905€17k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€45k▲
Profit (loss) brought forward from the previous period14P€2k€3k▲
Transfer from equity791/2-€6k
Transfer to equity691/2€16k€42k▲
To other reserves6921€16k€42k▲
Profit to be distributed694/7-€6k
Directors or managers695-€6k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet €17k ▼74.4%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €65k ▲14.5%
Net result €65k, the highest in the series.
31-12
Financial
Equity above €200kEq €228k ▲22.3%
5 profitable years in a row build equity to €228k.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €186k ▲43.7%
4 profitable years in a row build equity to €186k.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €100kEq €130k ▲42.5%
3 profitable years in a row build equity to €130k.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wasseiges · 1 establishment unit since 2016
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.
Rue de la Sucrerie(AM) 124219 WasseigesGround area
1,992 m²
Building footprint
262 m²
Volume, LiDAR
2,022 m³
Parcel 64003B0200/00L000, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Sucrerie(AM) 12, 4219 Wasseiges
since 20162.253.396.508
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64003B0200/00L000 | Wallonia | 1,992 m² | 1 · 262 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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ORBITECH
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Of 11,553 companies in sector 71121 we hold annual accounts for 6,558. 4,920 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-05-2016
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.