SOLID IRON BV
ActiveSummary
The computed 12-month bankruptcy probability of SOLID IRON BV is 3.0% (moderate). The 2024 annual accounts show equity of €366k and a net result of €52k. Equity is growing by ~51.8% per year across the filed fiscal years. Its solvency ranks better than 23% of 9623 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▼-8
Solvency40▼-2
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 0.91 in 2023; short-term debt: 68.3% and cash: 19.2% of total assets), and 84.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9623 sector peers (2024).
NBB · sector comparisonPosition among 9623 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
58 d early
2022
3 d early
2021
4 d late
2020
31 d late
2019
266 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€478k▼ 58.4%
2019 · €1.15M
2019: €1.15M
2019 → 2020
EBIT margin
-11.1%▼ 26.1pp
2019 · 15.0%
2019: 15.0%
2019 → 2020
Net result
€52k▼ 64.8%
2023 · €148k
2019: €105k
2020: €-54k
2021: €47k
2022: €61k
2023: €148k
2019 → 2024
Working capital
€195k
2023 · €-145k
2019: €112k
2020: €37k
2021: €46k
2022: €-102k
2023: €-145k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€478k-
Equity€58k-€105k▲ 80.9%€165k▲ 58.0%€314k▲ 89.7%€366k▲ 16.7%
Operating result€-53k-€59k€84k▲ 43.4%€207k▲ 145%€121k▼ 41.5%
Net result€-54k-€47k€61k▲ 29.6%€148k▲ 145%€52k▼ 64.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 41% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.38M
Fixed assets
€560k ▲ 12.2%
Current assets
€1.82M ▲ 30.1%
Equity and liabilities €2.38M
Equity
€366k ▲ 16.7%
Debt
€2.01M ▲ 27.1%
Debt's share of the balance-sheet total rises from 83.5% to 84.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€217k▼
2023 · €263k
Cash flow
€149k▼
2023 · €205k
Current ratio
1.12▲
2023 · 0.91
Quick ratio
0.33▲
2023 · 0.28
Debt to equity
5.50▲
2023 · 5.04
ROE
14.3%▼
2023 · 47.3%
ROA
2.2%▼
2023 · 7.8%
Interest coverage
7.80▼
2023 · 21.24
Debt ≤ 1 year
€1.62M▲
2023 · €1.54M
Debt > 1 year
€382k
Income taxes
€46k▲
2023 · €46k
Staff costs
€1.29M▼
2023 · €1.37M
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 · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.90M€2.38M▲
Fixed assets21/28€499k€560k▲
Tangible fixed assets22/27€263k€329k▲
Furniture and vehicles24€4k€17k▲
Other tangible fixed assets26€258k€311k▲
Financial fixed assets28€236k€231k▼
Current assets29/58€1.40M€1.82M▲
Stocks and contracts in progress3€969k€1.28M▲
Stocks30/36€969k€1.28M▲
Amounts receivable within one year40/41€86k-
Trade receivables40€86k-
Cash at bank and in hand54/58€335k€457k▲
Deferred charges and accrued income490/1€6k€76k▲
Equity and liabilities
Total equity and liabilities10/49€1.90M€2.38M▲
Equity10/15€314k€366k▲
Contributions10/11€6k€6k=
Reserves13€307k€360k▲
Distributable reserves133€307k€360k▲
Amounts payable17/49€1.58M€2.01M▲
Amounts payable after more than one year17-€382k
Financial debts170/4-€382k
Amounts payable within one year42/48€1.54M€1.62M▲
Current portion of amounts payable after more than one year42-€5k
Financial debts43-€58k
Credit institutions430/8-€58k
Trade debts44€433k€60k▼
Suppliers440/4€433k€60k▼
Taxes, remuneration and social security45€736k€606k▼
Taxes450/3€423k€373k▼
Remuneration and social security454/9€314k€232k▼
Other amounts payable47/48€372k€894k▲
Accrued charges and deferred income492/3€40k€7k▼
Income statement
Code20232024
Remuneration, social security and pensions62€1.37M€1.29M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€96k▲
Other operating charges640/8€105k€111k▲
Non-recurring operating charges66A-€47k
Gross operating margin9900€1.74M€1.66M▼
Operating profit (loss)9901€207k€121k▼
Financial income75/76B€151€6k▲
Recurring financial income75€151€6k▲
Non-recurring financial income76B-€6k
Financial charges65/66B€12k€28k▲
Recurring financial charges65€12k€28k▲
Profit (loss) for the period before taxes9903€194k€99k▼
Income taxes67/77€46k€46k▲
Profit (loss) for the period9904€148k€52k▼
Profit (loss) for the period to be appropriated9905€148k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€148k€52k▼
Transfer to equity691/2€148k€52k▼
To other reserves6921€148k€52k▼
Social balance
Average headcount (FTE)908730.026.9▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 69 days late
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2019net €148k ▲145%
Operating result €207k, net result €148k, both a record.
31-12
Financial
Equity above €200kEq €314k ▲89.7%
3 profitable years in a row build equity to €314k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €165k ▲58%
2 profitable years in a row build equity to €165k.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
31-12
Financial
Equity above €100kEq €105k ▲80.9%
Equity rises from €58k to €105k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 266 days late
2020
31-12
Financial
Weakest financial yearnet €-54k
Net result drops to €-54k, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Antwerpen · 9 establishment units since 2018
Ground area
1,788 m²
Building footprint
2,082 m²
Volume, LiDAR
34,540 m³
9 parcels, Brussels, Flanders · tallest building 28.8 m, ±8 floors. Linked by address, not a title deed.
9 establishment units
WAM Denim
since 20182.274.420.267
WAM Denim Hasselt
since 20222.330.937.219
WAM Denim Brugge
since 20222.330.937.318
WAM Denim Brussel
since 20222.335.171.565
WAM Denim Oostende
since 20232.342.891.478
WAM Denim Leuven
since 20232.342.891.577
Show 3 more locations
WAM Denim Gent
since 20232.345.385.665
WAM Denim Nieuwpoort
since 20252.377.220.570
WAM Denim Knokke
since 20252.377.220.669
9 parcels
Flanders
8
(88.9%)
Brussels
1
(11.1%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402D0336/00C000 | Flanders | 458 m² | 1 · 157 m² | 18.7 m · 6 fl. |
| 21802B0128/00E000 | Brussels | 233 m² | 1 · 247 m² | 23.4 m · 5 fl. |
| 71022H1275/00L000 | Flanders | 229 m² | 1 · 78 m² | 17.6 m · 5 fl. |
| 44803C1177/00D000 | Flanders | 196 m² | 1 · 206 m² | 17.3 m · 5 fl. |
| 31803C0057/00G000 | Flanders | 177 m² | 1 · 139 m² | 14.8 m · 4 fl. |
| 11803C0240/00S002 | Flanders | 158 m² | 1 · 158 m² | 25.2 m · 7 fl. |
| 35013A0856/00C000 | Flanders | 151 m² | 1 · 151 m² | 16.2 m · 1 fl. |
| 24062A0852/00F000 | Flanders | 103 m² | 1 · 178 m² | 14.4 m · 3 fl. |
| 31334B0957/00E000 | Flanders | 83 m² | 1 · 769 m² | 28.8 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 8
9 of 9 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 459 companies in sector 47712 we hold annual accounts for 268. 190 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
Founded21-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47712Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.