SOLID
ActiveSummary
SOLID has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €776k and a net result of €77k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 40% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-1
Solvency66▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.22 against 0.16 in 2024; short-term debt: 37.1% and cash: 1.8% of total assets), and 58.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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
41.3%
Return on assets
4.1%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-09-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
3 d early
2023
12 d early
2022
11 d early
2021
8 d late
2020
26 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€776k▲ 10.9%
2024 · €700k
2019: €496k
2020: €542k
2021: €582k
2022: €724k
2023: €731k
2024: €700k
2019 → 2025
Total assets
€1.88M▲ 1.0%
2024 · €1.86M
2019: €1.74M
2020: €1.70M
2021: €1.63M
2022: €1.65M
2023: €1.82M
2024: €1.86M
2019 → 2025
Net result
€77k▲ 3.7%
2024 · €74k
2019: €209k
2020: €62k
2021: €57k
2022: €157k
2023: €7k
2024: €74k
2019 → 2025
Working capital
€-546k▲ 10.0%
2024 · €-607k
2019: €-2k
2020: €-474k
2021: €-473k
2022: €-454k
2023: €-550k
2024: €-607k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€582k-€724k▲ 24.3%€731k▲ 1.0%€700k▼ 4.3%€776k▲ 10.9%
Operating result€119k-€262k▲ 120%€50k▼ 80.9%€161k▲ 223%€189k▲ 16.8%
Net result€57k-€157k▲ 178%€7k▼ 95.5%€74k▲ 949%€77k▲ 3.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.88M
Fixed assets
€1.73M ▼ 1.1%
Current assets
€150k ▲ 34.0%
Equity and liabilities €1.88M
Equity
€776k ▲ 10.9%
Provisions
€17k ▼ 3.1%
Debt
€1.09M ▼ 5.0%
Debt's share of the balance-sheet total falls from 61.4% to 57.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€213k▲
2024 · €186k
Cash flow
€101k▲
2024 · €99k
Current ratio
0.22▲
2024 · 0.16
Debt to equity
1.40▼
2024 · 1.63
ROE
9.9%▼
2024 · 10.6%
ROA
4.1%▲
2024 · 4.0%
Interest coverage
3.46▼
2024 · 3.68
Debt ≤ 1 year
€697k▼
2024 · €719k
Debt > 1 year
€344k▼
2024 · €401k
Income taxes
€51k▲
2024 · €38k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.86M€1.88M▲
Fixed assets21/28€1.75M€1.73M▼
Tangible fixed assets22/27€748k€729k▼
Land and buildings22€742k€719k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€5k€8k▲
Financial fixed assets28€1.00M€1.00M=
Current assets29/58€112k€150k▲
Amounts receivable within one year40/41€81k€116k▲
Trade receivables40€81k€116k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€31k€35k▲
Equity and liabilities
Total equity and liabilities10/49€1.86M€1.88M▲
Equity10/15€700k€776k▲
Contributions10/11€114k€114k=
Reserves13€585k€662k▲
Non-distributable reserves130/1€25k€0▼
Reserves not available under the articles1311€25k€0▼
Tax-exempt reserves132€53k€51k▼
Distributable reserves133€507k€611k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€18k€17k▼
Deferred taxes168€18k€17k▼
Amounts payable17/49€1.14M€1.09M▼
Amounts payable after more than one year17€401k€344k▼
Financial debts170/4€401k€344k▼
Amounts payable within one year42/48€719k€697k▼
Current portion of amounts payable after more than one year42€56k€57k▲
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€43k€21k▼
Taxes450/3€43k€21k▼
Other amounts payable47/48€616k€613k▼
Accrued charges and deferred income492/3€23k€45k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€25k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€190k€218k▲
Operating profit (loss)9901€161k€189k▲
Financial income75/76B€178€256▲
Recurring financial income75€178€256▲
Financial charges65/66B€51k€62k▲
Recurring financial charges65€51k€62k▲
Profit (loss) for the period before taxes9903€111k€127k▲
Transfer from deferred taxes780€554€554=
Income taxes67/77€38k€51k▲
Profit (loss) for the period9904€74k€77k▲
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€75k€78k▲
Appropriation of the result
Profit (loss) to be appropriated9906€75k€78k▲
Transfer from equity791/2€100k€0▼
Transfer to equity691/2€70k€78k▲
To other reserves6921€70k€78k▲
Profit to be distributed694/7€105k€0▼
Return on contributions (dividend)694€100k€0▼
Directors or managers695€5k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
10-07
State Gazette act
General meeting · Statutes amendment
Director reappointment · Permanent representative
10-07
State Gazette act
Purpose change · Statutes amendment
Director reappointment · Permanent representative
31-03
Financial
Weakest financial yearnet €7k ▼95.5%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
31-03
Financial
Equity above €500kEq €542k ▲9.3%
2 profitable years in a row build equity to €542k.
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
07-05
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Show earlier events
24-04
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2017
04-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 34 days late
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2013
07-08
State Gazette act
General meeting · Legal-form conversion
Purpose change · Capital
2012
06-12
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
2011
16-08
State Gazette act
Incorporation · Corporate purpose
Founding capital · Share issue
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Roeselare · 1 establishment unit since 2008
Ground area
1,236 m²
Building footprint
289 m²
Volume, LiDAR
1,426 m³
Parcel 36302B1176/00A002, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
COMTI
since 20082.225.737.551
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B1176/00A002 | Flanders | 1,236 m² | 1 · 289 m² | 9.4 m · 2 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.
Structure & network
Similar companies · same sector, comparable size
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BE 0877.663.423
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FUNPRACO
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,494. 2,027 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-05-2008
Fiscal year end31-03
Activities, NACEBEL 2025
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.