Solid Real Estate
ActiveSummary
Solid Real Estate has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12.3m and a net result of €12,854. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 85% of 4834 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability38▼-5
Solvency100=
Growth35▼-33
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 5.84 against 5.93 in 2023; short-term debt: 17.1% and cash: 1.1% of total assets), and 17.1% of the assets are financed with debt.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
82.9%
Return on assets
0.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
121 d late
2022
60 d late
2021
143 d late
2020
131 d late
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 88 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€615,831▼ 98.1%
2023 · €31.7m
EBIT margin
-8.1%▼ 9.5pp
2023 · 1.4%
Net result
€12,854▼ 95.7%
2023 · €301,883
Working capital
€12.3m▲ 0.1%
2023 · €12.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€38.2m▼ 3.1%€22.3m▼ 41.7%€2.5m▼ 88.7%€31.7m▲ 1,160%€615,831▼ 98.1%
Operating result€3.2m▼ 12.7%€3.1m▼ 2.4%€656,327▼ 79.1%€438,580▼ 33.2%-€49,718
Net result€2.1mabove the sector's middle half▼ 31.0%€2.3mabove the sector's middle half▲ 11.2%€448,310above the sector's middle half▼ 80.5%€301,883above the sector's middle half▼ 32.7%€12,854within the sector's middle half▼ 95.7%
EBIT margin8.4%▼ 0.9pp14.1%▲ 5.7pp26.1%▲ 11.9pp1.4%▼ 24.7pp-8.1%▼ 9.5pp
Equity€9.2mabove the sector's middle half▼ 24.1%€11.5mabove the sector's middle half▲ 24.9%€12.0mabove the sector's middle half▲ 3.9%€12.3mabove the sector's middle half▲ 2.5%€12.3mabove the sector's middle half▲ 0.1%
Total assets€39.4mabove the sector's middle half▼ 36.3%€31.1mabove the sector's middle half▼ 21.2%€41.2mabove the sector's middle half▲ 32.6%€14.8mabove the sector's middle half▼ 64.2%€14.8mabove the sector's middle half▲ 0.4%
Debt€30.2m▼ 39.3%€19.5m▼ 35.3%€29.2m▲ 49.6%€2.5m▼ 91.5%€2.5m▲ 2.1%
Working capital€9.2mabove the sector's middle half▼ 24.1%€11.5mabove the sector's middle half▲ 24.9%€12.9mabove the sector's middle half▲ 12.2%€12.3mabove the sector's middle half▼ 5.2%€12.3mabove the sector's middle half▲ 0.1%
Solvency23.4%within the sector's middle half▲ 3.8pp37.1%within the sector's middle half▲ 13.7pp29.1%within the sector's middle half▼ 8.0pp83.2%above the sector's middle half▲ 54.1pp82.9%above the sector's middle half▼ 0.3pp
Current ratio1.31within the sector's middle half▲ 0.061.59within the sector's middle half▲ 0.281.46within the sector's middle half▼ 0.135.93above the sector's middle half▲ 4.475.84above the sector's middle half▼ 0.10
Return on assets (ROA)5.2%above the sector's middle half▲ 0.4pp7.4%above the sector's middle half▲ 2.2pp1.1%within the sector's middle half▼ 6.3pp2.0%within the sector's middle half▲ 1.0pp0.1%within the sector's middle half▼ 2.0pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €49,718 after €438,580 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14.8m
Fixed assets
€18,575 =
Current assets
€14.8m ▲ 0.4%
Equity and liabilities €14.8m
Equity
€12.3m ▲ 0.1%
Debt
€2.5m ▲ 2.1%
Debt's share of the balance-sheet total rises from 16.8% to 17.1%. Equity and debt are higher.
Key figures and ratios
Quick ratio
1.19▼
2023 · 1.83
Debt to equity
0.21▲
2023 · 0.20
ROE
0.1%▼
2023 · 2.5%
Debt ≤ 1 year
€2.5m▲
2023 · €2.5m
Income taxes
€11,874▼
2023 · €198,752
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 542 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 93% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 542 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €20.8m | €12.4m | €6.6m | €822,177 | ▼ 87.6% |
| Turnover70 | €38.2m | €22.3m | €2.5m | €31.7m | €615,831 | ▼ 98.1% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | -€1.5m | €9.9m | -€25.1m | €206,346 | ▲ 101% |
| Other operating income74 | - | €41,572 | €8,550 | - | - | - |
| Operating charges60/66A | - | €17.7m | €11.8m | €6.2m | €871,895 | ▼ 85.9% |
| Goods for resale, raw materials and consumables60 | - | €17.3m | €11.4m | €5.8m | €504,163 | ▼ 91.4% |
| Purchases600/8 | - | €13.6m | €9.4m | €5.1m | €2.0m | ▼ 61.6% |
| Change in stocks: decrease (increase)609 | - | €3.7m | €2.0m | €740,925 | -€1.5m | ▼ 296% |
| Services and other goods61 | - | €331,066 | €326,964 | €333,590 | €352,397 | ▲ 5.6% |
| Other operating charges640/8 | - | €45,586 | €22,617 | €14,628 | €15,335 | ▲ 4.8% |
| Operating profit (loss)9901 | €3.2m | €3.1m | €656,327 | €438,580 | -€49,718 | ▼ 111% |
| Financial income75/76B | - | €4 | €1 | €68,628 | €81,359 | ▲ 18.6% |
| Recurring financial income75 | €4,520 | €4 | €1 | €68,628 | €81,359 | ▲ 18.6% |
| Income from financial fixed assets750 | - | - | - | €2,913 | €5,112 | ▲ 75.5% |
| Income from current assets751 | - | - | - | €65,715 | €76,247 | ▲ 16.0% |
| Other financial income752/9 | - | €4 | €1 | - | - | - |
| Financial charges65/66B | - | €74,650 | €55,871 | €6,573 | €6,913 | ▲ 5.2% |
| Recurring financial charges65 | €58,181 | €74,650 | €55,871 | €6,573 | €6,913 | ▲ 5.2% |
| Debt charges650 | €55,483 | €69,722 | €50,420 | - | €90 | - |
| Other financial charges652/9 | - | €4,928 | €5,451 | €6,573 | €6,823 | ▲ 3.8% |
| Profit (loss) for the period before taxes9903 | €3.2m | €3.1m | €600,457 | €500,635 | €24,728 | ▼ 95.1% |
| Income taxes67/77 | €1.1m | €767,356 | €152,147 | €198,752 | €11,874 | ▼ 94.0% |
| Taxes670/3 | - | €767,356 | €152,147 | €198,752 | €11,874 | ▼ 94.0% |
| Profit (loss) for the period9904 | €2.1m | €2.3m | €448,310 | €301,883 | €12,854 | ▼ 95.7% |
| Profit (loss) for the period to be appropriated9905 | €2.1m | €2.3m | €448,310 | €301,883 | €12,854 | ▼ 95.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39.4m | €31.1m | €41.2m | €14.8m | €14.8m | ▲ 0.4% |
| Fixed assets21/28 | €18,575 | €18,575 | €18,575 | €18,575 | €18,575 | = |
| Financial fixed assets28 | €18,575 | €18,575 | €18,575 | €18,575 | €18,575 | = |
| Affiliated companies280/1 | - | €18,575 | €18,575 | €18,575 | €18,575 | = |
| Participating interests280 | - | €18,575 | €18,575 | €18,575 | €18,575 | = |
| Current assets29/58 | €39.4m | €31.0m | €41.2m | €14.8m | €14.8m | ▲ 0.4% |
| Stocks and contracts in progress3 | €16.6m | €28.1m | €36.1m | €10.2m | €11.8m | ▲ 15.7% |
| Stocks30/36 | - | €12.9m | €10.9m | €10.2m | €11.6m | ▲ 14.3% |
| Property held for sale35 | - | €12.9m | €10.9m | €10.2m | €11.6m | ▲ 14.3% |
| Contracts in progress37 | - | €15.2m | €25.1m | - | €150,371 | - |
| Amounts receivable within one year40/41 | €2.3m | €1.6m | €1.6m | €3.7m | €2.9m | ▼ 22.2% |
| Trade receivables40 | - | €1.6m | €1.6m | €315,610 | €321,488 | ▲ 1.9% |
| Other amounts receivable41 | - | €26,583 | €40,942 | €3.4m | €2.5m | ▼ 24.5% |
| Cash at bank and in hand54/58 | €3.8m | €1.3m | €3.5m | €869,845 | €155,777 | ▼ 82.1% |
| Deferred charges and accrued income490/1 | - | €15,900 | €15,900 | €12,185 | €5,243 | ▼ 57.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39.4m | €31.1m | €41.2m | €14.8m | €14.8m | ▲ 0.4% |
| Equity10/15 | €9.2m | €11.5m | €12.0m | €12.3m | €12.3m | ▲ 0.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €9.2m | €11.5m | €11.9m | €12.2m | €12.2m | ▲ 0.1% |
| Amounts payable17/49 | €30.2m | €19.5m | €29.2m | €2.5m | €2.5m | ▲ 2.1% |
| Amounts payable after more than one year17 | - | - | €960,000 | - | - | - |
| Financial debts170/4 | - | - | €960,000 | - | - | - |
| Credit institutions173 | - | - | €960,000 | - | - | - |
| Amounts payable within one year42/48 | €30.2m | €19.5m | €28.3m | €2.5m | €2.5m | ▲ 2.1% |
| Financial debts43 | - | €83,375 | - | - | - | - |
| Credit institutions430/8 | - | €83,375 | - | - | - | - |
| Trade debts44 | €3.4m | €2.7m | €2.0m | €2.2m | €2.1m | ▼ 5.8% |
| Suppliers440/4 | - | €2.7m | €2.0m | €2.2m | €2.1m | ▼ 5.8% |
| Advances received on contracts in progress46 | - | €14.5m | €25.8m | - | - | - |
| Taxes, remuneration and social security45 | - | €89,838 | €70,255 | €5,927 | €10,415 | ▲ 75.7% |
| Taxes450/3 | - | €89,838 | €70,255 | €5,927 | €10,415 | ▲ 75.7% |
| Other amounts payable47/48 | - | €2.1m | €419,596 | €276,995 | €452,611 | ▲ 63.4% |
| Accrued charges and deferred income492/3 | - | €11,421 | €9,890 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.1m | €2.3m | €448,310 | €301,883 | €12,854 | ▼ 95.7% |
| Operating cash flow (approximation) | €2.1m | €2.3m | €448,310 | €301,883 | €12,854 | ▼ 95.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€2.5m | €2.2m | -€2.6m | -€714,068 | ▲ 73.0% |
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
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €12,854 ▼95.7%
Net result drops to €12,854, the lowest in the series.
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 121 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 5.93
Current ratio from 1.46 to 5.93; short-term debt falls from €28.3m to €2.5m.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 143 days late
2021
31-12
Financial
Equity above €10mEq €11.5m ▲24.9%
4 profitable years in a row build equity to €11.5m.
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 131 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 87 days late
2019
31-12
Financial
Equity above €10mEq €12.2m ▲32.7%
2 profitable years in a row build equity to €12.2m.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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
18 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 · 1 establishment unit since 2010
Ground area
1,904 m²
Building footprint
2,053 m²
Volume, LiDAR
18,634 m³
Parcel 11806F1317/00R010, Flanders · tallest building 16.7 m, ±3 floors. Linked by address, not a title deed.
24
companies at this address
See who is registered here
1 establishment unit
SOLID REAL ESTATE
since 20102.191.220.991
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1317/00R010 | Flanders | 1,903 m² | 1 · 2,053 m² | 16.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
Owners and holdings
1 owner · 1 holdingChain of control
- United Real Estate
- Solid Real Estate
Highest known parent: United Real Estate. The sources do not say who stands above it.
Owners 1
- United Real Estateparent99.9%
Holdings 1
-
99%
According to the 2024 annual accounts of Solid Real Estate and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,393. 1,057 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-08-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806171255
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.