Skip to content

SOLCO

Active
Mispelare 7 ·9930 Lievegem, Belgium
KBO/BCE: BE 0825.129.906
Watch Print / PDF
Age16 yrs
Board1
Staff (FTE)4
Real estate1 parcel · 3,770 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of SOLCO is 0.8% (low). The 2025 annual accounts show equity of €209k and a net result of €958k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 15% of 334 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence
Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 334 sector peers (2025).
View the sector comparison
Consistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 15-09-2025, 46 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-03. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-03-2025, that is 31-10-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-03-2025 31-10-2025 15-09-2025 46 d early 2025-00492634
31-03-2024 31-10-2024 30-09-2024 31 d early 2024-00484951
31-03-2023 31-10-2023 30-09-2023 31 d early 2023-00468811
31-03-2022 31-10-2022 17-10-2022 14 d early 2022-20465388
31-03-2021 31-10-2021 19-10-2021 12 d early 2021-72400503
31-03-2020 31-10-2020 03-10-2020 28 d early 2020-59100234
31-03-2019 31-10-2019 15-10-2019 16 d early 2019-70400554
31-03-2018 31-10-2018 03-12-2018 33 d late 2018-73400538
31-03-2017 31-10-2017 29-09-2017 32 d early 2017-64200411
31-03-2016 31-10-2016 10-10-2016 21 d early 2016-65200187

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Established
Founded in 2010, 16 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.8% Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€5.79M-2.2%
EBIT margin17.3%-0.2pp
Net result€958k-4.6%
Working capital€127k+39.4%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 15-09-2025 with the NBB · fiscal year 2025 · verkort
€0€2.00M€4.00M€6.00MRevenue 2021: €3.79M€3.79MOperating result 2021: €706k€706kNet result 2021: €704k€704kRevenue 2022: €5.93M€5.93MOperating result 2022: €946k€946kNet result 2022: €916k€916kRevenue 2023: €6.83M€6.83MOperating result 2023: €670k€670kNet result 2023: €663k€663kRevenue 2024: €5.92M€5.92MOperating result 2024: €1.04M€1.04MNet result 2024: €1.00M€1.00MRevenue 2025: €5.79M€5.79MOperating result 2025: €1,000k€1,000kNet result 2025: €958k€958k20212022202320242025
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 7 fiscal years (±0.4%/year).
€190k€200k€210k€220k€230k2026: €211k (€194k - €227k)2027: €211k (€195k - €228k)2028: €212k (€196k - €229k)2019: €204k2020: €206k2021: €207k2022: €207k2023: €208k2024: €209k2025: €209k2019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 8.9% 38.9%
better than 15% of 334 sector peers
Net result €958k €40k
better than 95% of 334 sector peers
Equity €209k €189k
better than 53% of 334 sector peers
Gross operating margin €1.36M €223k
better than 92% of 334 sector peers
Staff costs €246k €219k
higher than 53% of 216 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P15
2020: P23 · n=4302021: P20 · n=5562022: P19 · n=7492023: P20 · n=9012024: P20 · n=9922025: P15 · n=3342020 2025
Stable position over 2020-2025 · n=334-992
Net result P95
2020: P95 · n=4302021: P95 · n=5542022: P95 · n=7472023: P95 · n=9012024: P95 · n=9912025: P95 · n=3342020 2025
Stable position over 2020-2025 · n=334-991
Equity P53
2020: P51 · n=4302021: P57 · n=5562022: P60 · n=7492023: P60 · n=9012024: P61 · n=9922025: P53 · n=3342020 2025
Stable position over 2020-2025 · n=334-992
Gross operating margin P92
2020: P89 · n=4292021: P87 · n=5552022: P91 · n=7482023: P89 · n=8992024: P93 · n=9912025: P92 · n=3342020 2025
Stable position over 2020-2025 · n=334-991
Describes the position versus peers, not a forecast.
Revenue
€5.79M
-2.2% 19-25
EBITDA
€1.09M
-1.7% 19-25
Net profit
€958k
-4.6% 19-25
Cash flow
€1.04M
-2.7% 19-25
Total assets
€2.33M
+32.1% 19-25
Equity
€209k
-0.1% 19-25
Working capital
€127k
+39.4% 19-25
Employees (FTE)
4
+21.2% 19-25
Staff costs
€246k
+32.9% 19-25
Income taxes
€18k
-5.4% 19-25
Debt
€2.13M
+36.4% 19-25
Debt ≤ 1y
€2.05M
+31.6% 19-25
Debt > 1y
€70k
- 19-25
Current ratio
1.06
+0.3% 19-25
Quick ratio
0.91
+4.0% 19-25
Solvency
8.9%
-24.4% 19-25
Debt / equity
10.19
+36.6% 19-25
ROE
458.9%
-4.5% 19-25
ROA
41.0%
-27.8% 19-25
Net margin
16.5%
-2.4% 19-25
EBITDA margin
18.7%
+0.5% 19-25
Interest coverage
33.07
+9.5% 19-25
Figures by fiscal year
Fiscal year2025
Depositverkort
Revenue€5.79M
EBITDA€1.09M
Net profit€958k
Cash flow€1.04M
Staff costs€246k
Income taxes€18k
Dividends-
Total assets€2.33M
Equity€209k
Debt€2.13M
of which ≤ 1y€2.05M
of which > 1y€70k
Working capital€127k
Employees (FTE)4.0
Ratios (computed)
2025
Current ratio1.06
Quick ratio0.91
Working capital ratio5.4%
Solvency8.9%
Debt / equity10.19
Long-term debt ratio0.34
Interest coverage33.07
Gross margin26.0%
Net margin16.5%
ROA41.0%
ROE458.9%
EBITDA margin18.7%
Days sales outstanding66d
Days payable outstanding66d
Inventory turnover13.49
Days inventory (DSI)27d
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€2.33M
Fixed assets 21/28€162k
Tangible fixed assets 22/27€162k
Financial fixed assets 28€25
Current assets 29/58€2.17M
Stocks & contracts in progress 3€318k
Amounts receivable within one year 40/41€1.16M
Cash & bank 54/58€680k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.33M
Equity 10/15€209k
Contributions / capital 10/11€173k
Reserves 13€17k
Accumulated profits (losses) 14€18k
Amounts payable 17/49€2.13M
Amounts payable after one year 17€70k
Amounts payable within one year 42/48€2.05M
Trade debts payable within one year 44€773k
Income statement
Turnover 70€5.79M
Gross operating margin 9900€1.36M
Operating result 9901€1,000k
Financial income 75€9k
Financial charges 65€33k
Result before taxes 9903€976k
Income taxes 67/77€18k
Net result for the period 9904€958k
Result to be appropriated 9905€958k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
68 / 100 Healthy
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

2 directors
Current directors & mandates
  • Tafré VOFLegal entity
    Director· perm. rep.: Tafré
    State Gazette act 23048192 (07-04-2023)
    Current
    07-04-2023 → present
Former directors (1)
  • Schaut Frédéric
    Director
    State Gazette act 23048192 (07-04-2023)
    Former
    - → 01-02-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen(43333)
Legal form Private limited company(610)
Incorporation19-04-2010
StatusActive
Postal code9930

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Mispelare 79930 Lievegem

Establishment units

1 location
Mispelare 7, 9930 Lievegem
Ontwikkeling van residentiële bouwprojecten
since 20102.198.908.737
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3,770 m²
Buildings1
Building footprint1,516 m²
Volume (LiDAR)11,453 m³
Tallest building9.2 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44080C0223/00H000 Flanders 3,770 m² 1 · 1,516 m² 9.2 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

2 acts
All acts · 2 updated 2 years ago
2023
16-11-2023 Publication in the Belgian Official Gazette, Minor change Minor change·Bernard Vanderplaetsen
Summary: Agm rules changeNotary: Bernard Vanderplaetsen · Lovendegem
07-04-2023 1 director appointed, 1 resigning Director changes
  • Tafré, Bestuurder
  • Schaut Frédéric, Bestuurder

Analysis

Snowflake analysis

financial profile on 5 axes
Health68Profitability98Solvency18Growth75Stability100
72 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 68
Profitability 98
Solvency 18
Growth 75
Stability 100

Ask AI about this company

Checked AI

Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soon

AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 71 of the 912 companies in this sector. 48 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen43333Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen43333
Primary activity highlighted.
Names & trade names
Legal nameNL SOLCO
Registered office
Mispelare 7
9930 Lievegem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.