SOLAM CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of SOLAM CONSTRUCT is 2.1% (moderate). The annual accounts of SOLAM CONSTRUCT for fiscal year 2025 show a net loss of 116% of total assets and of 72% of the equity at the start of that year. The 2025 annual accounts show equity of €12k and a net result of €-31k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 1554 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-1
Solvency70▼-30
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.55 against 5.3 in 2024; short-term debt: 54.9% and cash: 24.3% of total assets), but 54.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.1%
Return on assets
-115.8%
Age of the figures
9 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-31k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
133 d early
2023
30 d early
2022
23 d late
2021
52 d early
2020
40 d early
2019
41 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€12k▼ 72.0%
2024 · €43k
2018: €16k
2019: €28k▲ +70.8% vs 2018
2020: €32k▲ +14.3% vs 2019
2021: €38k▲ +19.0% vs 2020
2022: €42k▲ +10.7% vs 2021
2023: €50k▲ +20.0% vs 2022highest in 8 years
2024: €43k▼ -14.6% vs 2023
2025: €12k▼ -72.0% vs 2024lowest in 8 years
2018 → 2025
Total assets
€27k▼ 48.2%
2024 · €52k
2018: €40k
2019: €102k▲ +152% vs 2018highest in 8 years
2020: €51k▼ -50.1% vs 2019
2021: €50k▼ -2.2% vs 2020
2022: €54k▲ +9.8% vs 2021
2023: €65k▲ +19.0% vs 2022
2024: €52k▼ -20.3% vs 2023
2025: €27k▼ -48.2% vs 2024lowest in 8 years
2018 → 2025
Net result
€-31k▼ 323%
2024 · €-7k
2018: €7k
2019: €17k▲ +137% vs 2018highest in 8 years
2020: €4k▼ -76.0% vs 2019
2021: €6k▲ +52.2% vs 2020
2022: €4k▼ -32.7% vs 2021
2023: €8k▲ +106% vs 2022
2024: €-7k▼ -187% vs 2023
2025: €-31k▼ -323% vs 2024lowest in 8 years
2018 → 2025
Working capital
€8k▼ 78.1%
2024 · €37k
2018: €17k
2019: €30k▲ +75.2% vs 2018
2020: €35k▲ +17.3% vs 2019
2021: €42k▲ +20.3% vs 2020
2022: €44k▲ +4.4% vs 2021highest in 8 years
2023: €42k▼ -5.0% vs 2022
2024: €37k▼ -12.3% vs 2023
2025: €8k▼ -78.1% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€42k▲ 10.7%€50k▲ 20.0%€43k▼ 14.6%€12k▼ 72.0%
2021: €38k
2022: €42k▲ +10.7% vs 2021
2023: €50k▲ +20.0% vs 2022highest in 5 years
2024: €43k▼ -14.6% vs 2023
2025: €12k▼ -72.0% vs 2024lowest in 5 years
Operating result€7k-€6k▼ 18.1%€12k▲ 93.1%€-8k€-32k▼ 295%
2021: €7k
2022: €6k▼ -18.1% vs 2021
2023: €12k▲ +93.1% vs 2022highest in 5 years
2024: €-8k▼ -169% vs 2023
2025: €-32k▼ -295% vs 2024lowest in 5 years
Net result€6k-€4k▼ 32.7%€8k▲ 106%€-7k€-31k▼ 323%
2021: €6k
2022: €4k▼ -32.7% vs 2021
2023: €8k▲ +106% vs 2022highest in 5 years
2024: €-7k▼ -187% vs 2023
2025: €-31k▼ -323% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €32k in 2025 against €8k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27k
Fixed assets
€4k ▼ 35.4%
Current assets
€23k ▼ 49.9%
Equity and liabilities €27k
Equity
€12k ▼ 72.0%
Debt
€15k ▲ 71.2%
Debt's share of the balance-sheet total rises from 16.6% to 54.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-29k▼
2024 · €-6k
Cash flow
€-29k▼
2024 · €-5k
Current ratio
1.55▼
2024 · 5.30
Debt to equity
1.22▲
2024 · 0.20
ROE
-257.1%▼
2024 · -17.0%
ROA
-115.8%▼
2024 · -14.2%
Interest coverage
-105.97▼
2024 · -22.77
Debt ≤ 1 year
€15k▲
2024 · €9k
Staff costs
€57k▼
2024 · €64k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€52k€27k▼
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€4k▼
Plant, machinery and equipment23€6k€4k▼
Current assets29/58€45k€23k▼
Amounts receivable within one year40/41€30k€15k▼
Trade receivables40€6k€20▼
Other amounts receivable41€24k€15k▼
Cash at bank and in hand54/58€14k€7k▼
Deferred charges and accrued income490/1€1k€966▼
Equity and liabilities
Total equity and liabilities10/49€52k€27k▼
Equity10/15€43k€12k▼
Contributions10/11€7k€7k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€35k€4k▼
Amounts payable17/49€9k€15k▲
Amounts payable within one year42/48€9k€15k▲
Trade debts44€3k€9k▲
Suppliers440/4€3k€9k▲
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€185€119▼
Remuneration and social security454/9€5k€5k▼
Income statement
Code20242025
Remuneration, social security and pensions62€64k€57k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€1k€2k▲
Gross operating margin9900€59k€29k▼
Operating profit (loss)9901€-8k€-32k▼
Financial income75/76B€925€905▼
Recurring financial income75€925€905▼
Financial charges65/66B€256€278▲
Recurring financial charges65€256€278▲
Profit (loss) for the period before taxes9903€-7k€-31k▼
Profit (loss) for the period9904€-7k€-31k▼
Profit (loss) for the period to be appropriated9905€-7k€-31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€4k▼
Profit (loss) brought forward from the previous period14P€42k€35k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1k | €146 | €52k | €64k | €57k | ▼ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | - | €2k | €2k | €2k | = |
| Other operating charges640/8 | - | €5k | €31k | €1k | €2k | ▲ 45.8% |
| Gross operating margin9900 | €13k | €11k | €96k | €59k | €29k | ▼ 50.2% |
| Operating profit (loss)9901 | €7k | €6k | €12k | €-8k | €-32k | ▼ 295% |
| Financial income75/76B | €1k | - | €416 | €925 | €905 | ▼ 2.1% |
| Recurring financial income75 | €1k | - | €416 | €925 | €905 | ▼ 2.1% |
| Financial charges65/66B | €1k | €405 | €765 | €256 | €278 | ▲ 8.7% |
| Recurring financial charges65 | €1k | €405 | €765 | €256 | €278 | ▲ 8.7% |
| Profit (loss) for the period before taxes9903 | €8k | €6k | €11k | €-7k | €-31k | ▼ 323% |
| Income taxes67/77 | €2k | €2k | €3k | - | - | - |
| Profit (loss) for the period9904 | €6k | €4k | €8k | €-7k | €-31k | ▼ 323% |
| Profit (loss) for the period to be appropriated9905 | €6k | €4k | €8k | €-7k | €-31k | ▼ 323% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50k | €54k | €65k | €52k | €27k | ▼ 48.2% |
| Fixed assets21/28 | - | - | €8k | €6k | €4k | ▼ 35.4% |
| Tangible fixed assets22/27 | - | - | €8k | €6k | €4k | ▼ 35.4% |
| Plant, machinery and equipment23 | - | - | €8k | €6k | €4k | ▼ 35.4% |
| Current assets29/58 | €50k | €54k | €56k | €45k | €23k | ▼ 49.9% |
| Amounts receivable within one year40/41 | €41k | €54k | €28k | €30k | €15k | ▼ 48.6% |
| Trade receivables40 | €31k | €54k | €9k | €6k | €20 | ▼ 99.7% |
| Other amounts receivable41 | €10k | - | €19k | €24k | €15k | ▼ 35.8% |
| Cash at bank and in hand54/58 | €9k | €440 | €27k | €14k | €7k | ▼ 54.7% |
| Deferred charges and accrued income490/1 | - | - | €691 | €1k | €966 | ▼ 27.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50k | €54k | €65k | €52k | €27k | ▼ 48.2% |
| Equity10/15 | €38k | €42k | €50k | €43k | €12k | ▼ 72.0% |
| Contributions10/11 | €7k | €7k | €7k | €7k | €7k | = |
| Outside capital11 | €7k | - | - | - | - | - |
| Other1109/19 | €7k | - | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €30k | €34k | €42k | €35k | €4k | ▼ 89.3% |
| Amounts payable17/49 | €12k | €12k | €14k | €9k | €15k | ▲ 71.2% |
| Amounts payable after more than one year17 | €4k | €2k | - | - | - | - |
| Financial debts170/4 | €4k | €2k | - | - | - | - |
| Amounts payable within one year42/48 | €7k | €10k | €14k | €9k | €15k | ▲ 71.2% |
| Current portion of amounts payable after more than one year42 | €3k | €2k | - | - | - | - |
| Trade debts44 | €2k | €3k | €3k | €3k | €9k | ▲ 213% |
| Suppliers440/4 | €2k | €3k | €3k | €3k | €9k | ▲ 213% |
| Taxes, remuneration and social security45 | €2k | €4k | €11k | €6k | €5k | ▼ 3.0% |
| Taxes450/3 | €2k | €4k | €3k | €185 | €119 | ▼ 35.8% |
| Remuneration and social security454/9 | - | - | €8k | €5k | €5k | ▼ 1.9% |
| Other amounts payable47/48 | - | €586 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €4k | €8k | €-7k | €-31k | ▼ 323% |
| + Depreciation and write-downs630 | €4k | - | €2k | €2k | €2k | = |
| Operating cash flow (approximation) | €10k | €4k | €10k | €-5k | €-29k | ▼ 459% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €-8k | €27k | €-13k | €-8k | ▲ 40.2% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series.
20-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 4.06
Current ratio from 1.47 to 4.06; short-term debt falls from €64k to €12k.
20-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €17k ▲137%
Operating result €20k, net result €17k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Schaarbeek · 1 establishment unit since 2013
Ground area
3,018 m²
Building footprint
278 m²
Volume, LiDAR
2,466 m³
2 parcels, Brussels · tallest building 15.8 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Houtweg 50, 1140 Evere
since 20132.217.967.059
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21006A0255/00P000 | Brussels | 2,874 m² | 1 · 181 m² | 6.8 m · 2 fl. |
| 21910E0116/00M009 | Brussels | 143 m² | 1 · 97 m² | 15.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 87 companies in sector 10860 we hold annual accounts for 47. 14 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
Founded19-03-2013
Fiscal year end31-12
Abbreviation FR
EC
Activities, NACEBEL 2025
10860Manufacture of food products
43990Other specialised construction activities
46450Wholesale of perfume and cosmetics
Scores and ratios are computed by Checked and are not a credit decision.