SOLID · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

SOLID is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €5.33M and a net result of €183k. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 63% of 503 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Signals

1 signal · with evidence

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 30-09-2025 was due by 30-04-2026 and was filed on 16-04-2026, 14 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 30-09. 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 30-09-2025, that is 30-04-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-09-2025	30-04-2026	16-04-2026	14 d early	2026-00083121
30-09-2024	30-04-2025	16-04-2025	14 d early	2025-00073756
30-09-2023	30-04-2024	25-04-2024	5 d early	2024-00081176
30-09-2022	30-04-2023	25-04-2023	5 d early	2023-00067385
30-09-2021	30-04-2022	26-04-2022	4 d early	2022-20014510
30-09-2020	30-04-2021	15-04-2021	15 d early	2021-10800259
30-09-2019	30-04-2020	30-04-2020	on the day	2020-10800475
30-09-2018	30-04-2019	29-03-2019	32 d early	2019-08700324
30-09-2017	30-04-2018	25-04-2018	5 d early	2018-10600233
30-09-2016	30-04-2017	28-03-2017	33 d early	2017-07700200

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 2015, 11 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

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Financials

Equity€5.33M+3.6%

Net result€183k-2.4%

Total assets€9.31M-0.7%

Solvency57.2%+2.3pp

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 16-04-2026 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Net result: declining trend of ~8.4%/year over 8 fiscal years, indicative, assuming unchanged policy.

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 64, Financial services · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	57.2%	43.4%	better than 63% of 503 sector peers
Net result	€183k	€67k	better than 71% of 503 sector peers
Equity	€5.33M	€491k	better than 90% of 503 sector peers
Gross operating margin	€104k	€82k	better than 58% of 502 sector peers
Total assets	€9.31M	€1.58M	better than 90% of 503 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 P63

Stable position over 2021-2025 · n=465-1409

Net result P71

Stable position over 2021-2025 · n=465-1408

Equity P90

Stable position over 2021-2025 · n=465-1409

Gross operating margin P58

Weakening position over 2021-2025 · n=460-1407

Describes the position versus peers, not a forecast.

Net profit

€183k

-2.4% 18-25

Total assets

€9.31M

-0.7% 18-25

Equity

€5.33M

+3.6% 18-25

Income taxes

€384

+40.3% 18-25

Dividends

€0

-100.0% 18-25

Debt

€3.98M

-5.9% 18-25

Debt ≤ 1y

€281k

-81.5% 18-25

Debt > 1y

€3.57M

+37.4% 18-25

Solvency

57.2%

+4.3% 18-25

ROE

3.4%

-5.8% 18-25

ROA

2.0%

-1.7% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	n/a
EBITDA	n/a
Net profit	€183k
Cash flow	n/a
Staff costs	-
Income taxes	€384
Dividends	-
Total assets	€9.31M
Equity	€5.33M
Debt	€3.98M
of which ≤ 1y	€281k
of which > 1y	€3.57M
Working capital	n/a
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	57.2%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	2.0%
ROE	3.4%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2025

Assets

Fixed assets €8.98M · 96.5% Current assets €330k · 3.5%

Equity & liabilities

Equity €5.33M · 57.2% Debt €3.98M · 42.8%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€9.31M
Fixed assets	21/28	€8.98M
Tangible fixed assets	22/27	€5k
Financial fixed assets	28	€8.97M
Current assets	29/58	€330k
Amounts receivable within one year	40/41	€8k
Cash & bank	54/58	€180k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€9.31M
Equity	10/15	€5.33M
Contributions / capital	10/11	€300k
Reserves	13	€4.69M
Accumulated profits (losses)	14	€337k
Amounts payable	17/49	€3.98M
Amounts payable after one year	17	€3.57M
Amounts payable within one year	42/48	€281k
Trade debts payable within one year	44	€845
Income statement
Gross operating margin	9900	€104k
Operating result	9901	€100k
Financial income	75	€202k
Financial charges	65	€118k
Result before taxes	9903	€184k
Income taxes	67/77	€384
Net result for the period	9904	€183k
Result to be appropriated	9905	€183k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

SOLID

Lambroeckstraat (OUD) 99, 9200 DendermondeManagementsactiviteiten van holdings : tussenkomen in het dagelijks bestuur, vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal, enz.

since 20152.242.524.687

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,699 m²

Buildings1

Building footprint211 m²

Volume (LiDAR)1,372 m³

Tallest building10.5 m · ±2 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.
42016C0328/00M000	Flanders	1,699 m²	1 · 211 m²	10.5 m · 2 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

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.