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Solidariteit

Active
Public-utility foundationfounded 20169 yrs activePutkapelstraat 105, 9051 Gent, BelgiumKBO/BCE: BE 0667.780.167
Summary

For the legal form of Solidariteit, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €58.51M and a net result of €4.62M. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 80% of 8663 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
83 / 100
Excellent▲ +7 vs 2024
The score weighs solvency, liquidity, profitability and financial development. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+8
Solvency100=
Growth70▲+17
Track record100
Credit verdict
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 14.97 against 11.49 in 2024; short-term debt: 2.2% and cash: 12.2% of total assets), and 15.8% of the assets are financed with debt.
Credit check for your own amount and term

Signals

1 signal. The signal on the left, the evidence on the right.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-05-2026, 87 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
87 d early
2024
93 d early
2023
89 d early
2022
39 d early
2021
17 d early
2020
64 d early
2019
34 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover
€4.51M▼ 5.3%
2021 · €4.76M
2018: €3.52M 2019: €4.63M 2020: €4.69M 2021: €4.76M
2018 → 2022
EBIT margin
32.4%▼ 90.8pp
2021 · 123.2%
2018: 37.2% 2019: 29.1% 2020: 37.8% 2021: 123.2%
2018 → 2022
Net result
€4.62M▲ 4,461%
2024 · €101k
2018: €945k 2019: €1.01M 2020: €1.45M 2021: €5.50M 2022: €1.14M 2023: €642k 2024: €101k
2018 → 2025
Working capital
€20.93M▲ 45.5%
2024 · €14.39M
2018: €-4.33M 2019: €-6.65M 2020: €-1.60M 2021: €7.12M 2022: €9.44M 2023: €12.32M 2024: €14.39M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€4.76M-€4.51M▼ 5.3%
Equity€54.47M-€55.07M▲ 1.1%€55.18M▲ 0.2%€54.74M▼ 0.8%€58.51M▲ 6.9%
Operating result€5.86M-€1.46M▼ 75.1%€809k▼ 44.6%€171k▼ 78.8%€4.68M▲ 2,634%
Net result€5.50M-€1.14M▼ 79.2%€642k▼ 43.9%€101k▼ 84.2%€4.62M▲ 4,461%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€2.00M€4.00M€6.00MOperating result 2021: €5.86M€5.86MNet result 2021: €5.50M€5.50MOperating result 2022: €1.46M€1.46MNet result 2022: €1.14M€1.14MOperating result 2023: €809k€809kNet result 2023: €642k€642kOperating result 2024: €171k€171kNet result 2024: €101k€101kOperating result 2025: €4.68M€4.68MNet result 2025: €4.62M€4.62M20212022202320242025€0€2M€4MOperating result 2023: €809k€809kNet result 2023: €642k€642kOperating result 2024: €171k€171kNet result 2024: €101k€101kOperating result 2025: €4.68M€4.7MNet result 2025: €4.62M€4.6M202320242025
The operating result recovers in 2025; 2025 is 2,634% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69.52M
Fixed assets €47.09M ▼ 7.4%
Current assets €22.43M ▲ 42.3%
Equity and liabilities €69.52M
Equity €58.51M ▲ 6.9%
Provisions €2.89M =
Debt €8.12M ▼ 9.4%
Debt's share of the balance-sheet total falls from 13.5% to 11.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€7.89M
2024 · €3.34M
Cash flow
€7.82M
2024 · €3.27M
Current ratio
14.97
2024 · 11.49
Debt to equity
0.14
2024 · 0.16
ROE
7.9%
2024 · 0.2%
ROA
6.6%
2024 · 0.2%
Interest coverage
36.44
2024 · 13.67
Debt ≤ 1 year
€1.50M
2024 · €1.37M
Debt > 1 year
€6.62M
2024 · €7.60M
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 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€66.59M€69.52M
Fixed assets21/28€50.83M€47.09M
Tangible fixed assets22/27€50.81M€47.09M
Land and buildings22€50.79M€47.08M
Plant, machinery and equipment23€8k€7k
Furniture and vehicles24€6k€5k
Financial fixed assets28€23k-
Current assets29/58€15.76M€22.43M
Amounts receivable within one year40/41€28k€51k
Trade receivables40€28k€51k
Current investments50/53€10.99M€13.74M
Cash at bank and in hand54/58€4.64M€8.51M
Deferred charges and accrued income490/1€95k€121k
Equity and liabilities
Total equity and liabilities10/49€66.59M€69.52M
Equity10/15€54.74M€58.51M
Contributions10/11€31.56M€31.56M=
Capital10€31.56M€31.56M=
Profit (loss) carried forward14€20.03M€24.65M
Investment grants15€3.15M€2.31M
Provisions and deferred taxes16€2.89M€2.89M=
Provisions for liabilities and charges160/5€2.89M€2.89M=
Major repairs and maintenance162€2.89M€2.89M=
Amounts payable17/49€8.97M€8.12M
Amounts payable after more than one year17€7.60M€6.62M
Financial debts170/4€7.60M€6.62M
Amounts payable within one year42/48€1.37M€1.50M
Current portion of amounts payable after more than one year42€973k€973k=
Trade debts44€387k€514k
Suppliers440/4€387k€514k
Advances received on contracts in progress46€11k€11k
Accrued charges and deferred income492/3€97€30
Income statement Code20242025
Non-recurring operating income76A€430k€3.55M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.16M€3.20M
Other operating charges640/8€44k€57k
Gross operating margin9900€4.27M€7.94M
Operating profit (loss)9901€171k€4.68M
Financial income75/76B€174k€154k
Recurring financial income75€174k€154k
Financial charges65/66B€244k€217k
Recurring financial charges65€244k€216k
Non-recurring financial charges66B-€1k
Profit (loss) for the period before taxes9903€101k€4.62M
Profit (loss) for the period9904€101k€4.62M
Profit (loss) for the period to be appropriated9905€101k€4.62M
Appropriation of the result
Profit (loss) to be appropriated9906€20.03M€24.65M
Profit (loss) brought forward from the previous period14P€19.92M€20.03M

The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
05-05
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-04
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet €101k ▼84.2%
Net result drops to €101k, the lowest in the series; recovery starts the following year.
03-05
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Highest result since 2018net €5.50M ▲280%
Operating result €5.86M, net result €5.50M, both a record.
31-12
Financial Liquidity times 8current ratio 6.41
Current ratio from 0.79 to 6.41; short-term debt falls from €7.66M to €1.32M.
28-05
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Equity above €50MEq €50.29M ▲1.7%
3 profitable years in a row build equity to €50.29M.
03-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 34 days late
2019
02-05
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-05
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB 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, Gent
exact location from the address register On OpenStreetMap
Ground area
3,123 m²
Building footprint
475 m²
Volume, LiDAR
7,127 m³
Parcel 44062A0281/00S000, Flanders · tallest building 23.9 m, ±5 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44062A0281/00S000 Flanders 3,123 m² 1 · 475 m² 23.9 m · 5 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.

Recognitions · licences · registrations

Legal Entity Identifier

2549000J0HIY0YQFKC38
live in the LEI register

Similar companies · same sector, comparable size

Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 1,726 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 formPublic-utility foundation
Founded16-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.