SOLID SYSTEMS
ActiveSummary
SOLID SYSTEMS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.22M and a net result of €280k. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 85% of 406 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+6
Solvency100▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 5.16 against 2.46 in 2024; short-term debt: 18.8% and cash: 25.8% of total assets), and 19.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
80.1%
Return on assets
18.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
84 d late
2023
57 d early
2022
56 d early
2021
62 d early
2020
60 d early
2019
52 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.22M▲ 8.7%
2024 · €1.12M
2018: €506klowest in 8 years
2019: €642k▲ +26.9% vs 2018
2020: €825k▲ +28.4% vs 2019
2021: €1.02M▲ +23.2% vs 2020
2022: €1.23M▲ +21.2% vs 2021
2023: €1.42M▲ +15.6% vs 2022highest in 8 years
2024: €1.12M▼ -21.4% vs 2023
2025: €1.22M▲ +8.7% vs 2024
2018 → 2025
Total assets
€1.52M▼ 17.6%
2024 · €1.84M
2018: €575klowest in 8 years
2019: €691k▲ +20.3% vs 2018
2020: €922k▲ +33.4% vs 2019
2021: €1.12M▲ +21.6% vs 2020
2022: €1.39M▲ +24.2% vs 2021
2023: €1.57M▲ +12.7% vs 2022
2024: €1.84M▲ +17.5% vs 2023highest in 8 years
2025: €1.52M▼ -17.6% vs 2024
2018 → 2025
Net result
€280k▲ 11.9%
2024 · €250k
2018: €151k
2019: €136k▼ -9.6% vs 2018lowest in 8 years
2020: €182k▲ +34.0% vs 2019
2021: €192k▲ +5.1% vs 2020
2022: €216k▲ +12.4% vs 2021
2023: €192k▼ -11.0% vs 2022
2024: €250k▲ +30.1% vs 2023
2025: €280k▲ +11.9% vs 2024highest in 8 years
2018 → 2025
Working capital
€1.19M▲ 12.6%
2024 · €1.05M
2018: €409klowest in 8 years
2019: €523k▲ +27.8% vs 2018
2020: €663k▲ +26.7% vs 2019
2021: €887k▲ +33.9% vs 2020
2022: €1.12M▲ +26.4% vs 2021
2023: €1.34M▲ +19.1% vs 2022highest in 8 years
2024: €1.05M▼ -21.1% vs 2023
2025: €1.19M▲ +12.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.02M-€1.23M▲ 21.2%€1.42M▲ 15.6%€1.12M▼ 21.4%€1.22M▲ 8.7%
2021: €1.02Mlowest in 5 years
2022: €1.23M▲ +21.2% vs 2021
2023: €1.42M▲ +15.6% vs 2022highest in 5 years
2024: €1.12M▼ -21.4% vs 2023
2025: €1.22M▲ +8.7% vs 2024
Operating result€280k-€311k▲ 11.0%€263k▼ 15.3%€304k▲ 15.5%€383k▲ 25.9%
2021: €280k
2022: €311k▲ +11.0% vs 2021
2023: €263k▼ -15.3% vs 2022lowest in 5 years
2024: €304k▲ +15.5% vs 2023
2025: €383k▲ +25.9% vs 2024highest in 5 years
Net result€192k-€216k▲ 12.4%€192k▼ 11.0%€250k▲ 30.1%€280k▲ 11.9%
2021: €192klowest in 5 years
2022: €216k▲ +12.4% vs 2021
2023: €192k▼ -11.0% vs 2022
2024: €250k▲ +30.1% vs 2023
2025: €280k▲ +11.9% vs 2024highest in 5 years
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 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.52M
Fixed assets
€47k ▼ 28.0%
Current assets
€1.47M ▼ 17.3%
Equity and liabilities €1.52M
Equity
€1.22M ▲ 8.7%
Debt
€302k ▼ 58.3%
Debt's share of the balance-sheet total falls from 39.3% to 19.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€407k▲
2024 · €332k
Cash flow
€303k▲
2024 · €278k
Current ratio
5.16▲
2024 · 2.46
Quick ratio
5.04▲
2024 · 2.41
Debt to equity
0.25▼
2024 · 0.65
ROE
23.0%▲
2024 · 22.3%
ROA
18.4%▲
2024 · 13.6%
Interest coverage
50.76▼
2024 · 254.08
Debt ≤ 1 year
€285k▼
2024 · €724k
Income taxes
€127k▲
2024 · €112k
Staff costs
€68k▲
2024 · €36k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.84M€1.52M▼
Fixed assets21/28€65k€47k▼
Tangible fixed assets22/27€65k€47k▼
Plant, machinery and equipment23€10k€8k▼
Furniture and vehicles24€17k€6k▼
Other tangible fixed assets26€38k€33k▼
Current assets29/58€1.78M€1.47M▼
Stocks and contracts in progress3€36k€35k▼
Stocks30/36€36k€35k▼
Amounts receivable within one year40/41€347k€344k▼
Trade receivables40€347k€344k▼
Current investments50/53€1.15M€692k▼
Cash at bank and in hand54/58€223k€391k▲
Deferred charges and accrued income490/1€21k€9k▼
Equity and liabilities
Total equity and liabilities10/49€1.84M€1.52M▼
Equity10/15€1.12M€1.22M▲
Contributions10/11€19k€19k=
Reserves13€1.10M€1.20M▲
Tax-exempt reserves132€38k€38k=
Distributable reserves133€1.06M€1.16M▲
Amounts payable17/49€724k€302k▼
Amounts payable within one year42/48€724k€285k▼
Trade debts44€31k€13k▼
Suppliers440/4€31k€13k▼
Taxes, remuneration and social security45€99k€71k▼
Taxes450/3€91k€57k▼
Remuneration and social security454/9€8k€14k▲
Other amounts payable47/48€595k€201k▼
Accrued charges and deferred income492/3-€17k
Income statement
Code20242025
Remuneration, social security and pensions62€36k€68k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€24k▼
Other operating charges640/8€2k€5k▲
Gross operating margin9900€369k€480k▲
Operating profit (loss)9901€304k€383k▲
Financial income75/76B€59k€32k▼
Recurring financial income75€59k€32k▼
Financial charges65/66B€1k€8k▲
Recurring financial charges65€1k€8k▲
Profit (loss) for the period before taxes9903€362k€407k▲
Income taxes67/77€112k€127k▲
Profit (loss) for the period9904€250k€280k▲
Profit (loss) for the period to be appropriated9905€250k€280k▲
Appropriation of the result
Profit (loss) to be appropriated9906€250k€280k▲
Transfer from equity791/2€555k€182k▼
Transfer to equity691/2€250k€280k▲
To other reserves6921€250k€280k▲
Profit to be distributed694/7€555k€182k▼
Return on contributions (dividend)694€555k€182k▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3k | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €17k | €44k | €59k | €36k | €68k | ▲ 90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €33k | €35k | €28k | €24k | ▼ 13.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €14k | €17k | €21k | €2k | €5k | ▲ 199% |
| Gross operating margin9900 | €350k | €406k | €379k | €369k | €480k | ▲ 29.9% |
| Operating profit (loss)9901 | €280k | €311k | €263k | €304k | €383k | ▲ 25.9% |
| Financial income75/76B | €2k | €6k | €15k | €59k | €32k | ▼ 46.2% |
| Recurring financial income75 | €2k | €6k | €15k | €59k | €32k | ▼ 46.2% |
| Financial charges65/66B | €2k | €3k | €4k | €1k | €8k | ▲ 513% |
| Recurring financial charges65 | €2k | €3k | €4k | €1k | €8k | ▲ 513% |
| Profit (loss) for the period before taxes9903 | €279k | €315k | €274k | €362k | €407k | ▲ 12.4% |
| Income taxes67/77 | €88k | €99k | €82k | €112k | €127k | ▲ 13.4% |
| Profit (loss) for the period9904 | €192k | €216k | €192k | €250k | €280k | ▲ 11.9% |
| Transfer to tax-exempt reserves689 | - | - | €237 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €192k | €216k | €192k | €250k | €280k | ▲ 11.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.12M | €1.39M | €1.57M | €1.84M | €1.52M | ▼ 17.6% |
| Fixed assets21/28 | €132k | €114k | €92k | €65k | €47k | ▼ 28.0% |
| Tangible fixed assets22/27 | €132k | €114k | €92k | €65k | €47k | ▼ 28.0% |
| Plant, machinery and equipment23 | €4k | €5k | €12k | €10k | €8k | ▼ 17.1% |
| Furniture and vehicles24 | €74k | €60k | €37k | €17k | €6k | ▼ 65.5% |
| Other tangible fixed assets26 | €54k | €49k | €44k | €38k | €33k | ▼ 14.1% |
| Financial fixed assets28 | €50 | €50 | €50 | - | - | - |
| Current assets29/58 | €989k | €1.28M | €1.48M | €1.78M | €1.47M | ▼ 17.3% |
| Stocks and contracts in progress3 | €54k | €35k | €41k | €36k | €35k | ▼ 2.4% |
| Stocks30/36 | €54k | €35k | €41k | €36k | €35k | ▼ 2.4% |
| Amounts receivable within one year40/41 | €413k | €455k | €269k | €347k | €344k | ▼ 1.1% |
| Trade receivables40 | €406k | €454k | €254k | €347k | €344k | ▼ 1.1% |
| Other amounts receivable41 | €7k | €610 | €15k | - | - | - |
| Current investments50/53 | €500k | €545k | €1.10M | €1.15M | €692k | ▼ 39.9% |
| Cash at bank and in hand54/58 | €22k | €243k | €60k | €223k | €391k | ▲ 75.4% |
| Deferred charges and accrued income490/1 | €166 | €184 | €6k | €21k | €9k | ▼ 55.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.12M | €1.39M | €1.57M | €1.84M | €1.52M | ▼ 17.6% |
| Equity10/15 | €1.02M | €1.23M | €1.42M | €1.12M | €1.22M | ▲ 8.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €998k | €1.21M | €1.41M | €1.10M | €1.20M | ▲ 8.8% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €38k | €38k | €38k | €38k | €38k | = |
| Distributable reserves133 | €959k | €1.17M | €1.37M | €1.06M | €1.16M | ▲ 9.1% |
| Amounts payable17/49 | €105k | €160k | €145k | €724k | €302k | ▼ 58.3% |
| Amounts payable within one year42/48 | €102k | €156k | €141k | €724k | €285k | ▼ 60.7% |
| Financial debts43 | €692 | €241 | €2k | - | - | - |
| Credit institutions430/8 | €692 | €241 | €2k | - | - | - |
| Trade debts44 | €879 | €7k | €176 | €31k | €13k | ▼ 57.7% |
| Suppliers440/4 | €879 | €7k | €176 | €31k | €13k | ▼ 57.7% |
| Taxes, remuneration and social security45 | €36k | €73k | €55k | €99k | €71k | ▼ 28.3% |
| Taxes450/3 | €32k | €65k | €41k | €91k | €57k | ▼ 37.1% |
| Remuneration and social security454/9 | €4k | €8k | €15k | €8k | €14k | ▲ 71.6% |
| Other amounts payable47/48 | €64k | €76k | €83k | €595k | €201k | ▼ 66.2% |
| Accrued charges and deferred income492/3 | €3k | €4k | €4k | - | €17k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €192k | €216k | €192k | €250k | €280k | ▲ 11.9% |
| + Depreciation and write-downs630 | €39k | €33k | €35k | €28k | €24k | ▼ 13.9% |
| Operating cash flow (approximation) | €230k | €249k | €227k | €278k | €303k | ▲ 9.3% |
| Investment in fixed assets (approximation) | - | €-15k | €-13k | €-694 | €-6k | ▼ 711% |
| Change in cash | - | €222k | €-183k | €163k | €168k | ▲ 3.3% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €280k ▲11.9%
Operating result €383k, net result €280k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.16
Current ratio from 2.46 to 5.16; short-term debt falls from €724k to €285k.
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 84 days late
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.02M ▲23.2%
4 profitable years in a row build equity to €1.02M.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €136k ▼9.6%
Net result drops to €136k, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kruisem · 1 establishment unit since 1995
Ground area
8,746 m²
Building footprint
367 m²
Volume, LiDAR
2,673 m³
2 parcels, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SOLID SYSTEMS
since 19952.054.375.272
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45053B0294/00F000 | Flanders | 4,749 m² | 1 · 141 m² | 10.5 m · 2 fl. |
| 45053B0294/00G000 | Flanders | 3,998 m² | 1 · 226 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 35,115 EUR awarded · 35,115 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 12,561 EUR | 12,561 EUR |
| 2024 | 1 | 9,135 EUR | 9,135 EUR |
| 2023 | 1 | 13,419 EUR | 13,419 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Legal Entity Identifier
549300DLP15EL9C4QI15
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Of 30 companies in sector 28230 we hold annual accounts for 27. 14 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-09-1991
Fiscal year end31-12
Activities, NACEBEL 2025
28230Manufacture of machinery and equipment not elsewhere classified
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
77330Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.