SoluD
ActiveSoluD has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93k and a net result of €7k. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 24% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-2
Solvency48▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.34 against 0.5 in 2024; short-term debt: 39.5% and cash: 5.7% of total assets), and 77.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
22.5%
Return on assets
1.8%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 27451 sector peers (2025).
NBB · sector comparisonPosition among 27451 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
on the day
2023
22 d early
2022
16 d late
2021
29 d late
2020
29 d early
2019
51 d early
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€93k▲ 8.6%
2024 · €85k
2018: €38k
2019: €21k
2020: €32k
2021: €45k
2022: €60k
2023: €85k
2024: €85k
2018 → 2025
Total assets
€411k▼ 12.9%
2024 · €472k
2018: €374k
2019: €328k
2020: €348k
2021: €332k
2022: €484k
2023: €491k
2024: €472k
2018 → 2025
Net result
€7k
2024 · €-10
2018: €807
2019: €-16k
2020: €10k
2021: €13k
2022: €15k
2023: €25k
2024: €-10
2018 → 2025
Working capital
€-108k▼ 7.7%
2024 · €-100k
2018: €-19k
2019: €-47k
2020: €-54k
2021: €-54k
2022: €-153k
2023: €-64k
2024: €-100k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€45k-€60k▲ 34.4%€85k▲ 41.6%€85k=€93k▲ 8.6%
Operating result€18k-€24k▲ 38.8%€43k▲ 74.3%€7k▼ 84.6%€22k▲ 238%
Net result€13k-€15k▲ 18.0%€25k▲ 62.4%€-10€7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 238% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €411k
Fixed assets
€357k▼ 3.9%
Current assets
€55k▼ 46.0%
Equity and liabilities €411k
Equity
€93k▲ 8.6%
Debt
€319k▼ 17.7%
The debt ratio falls from 81.9% to 77.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60k▲
2024 · €47k
Cash flow
€45k▲
2024 · €41k
Solvency
22.5%▲
2024 · 18.1%
Current ratio
0.34▼
2024 · 0.50
Quick ratio
0.34▼
2024 · 0.39
Debt / equity
3.44▼
2024 · 4.53
ROE
7.9%▲
2024 · 0.0%
ROA
1.8%▲
2024 · 0.0%
Interest coverage
5.46▼
2024 · 7.51
Debt
€319k▼
2024 · €387k
Debt ≤ 1 year
€162k▼
2024 · €201k
Debt > 1 year
€156k▼
2024 · €186k
Income taxes
€4k▲
2024 · €1k
Staff costs
€475
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€472k€411k▼
Fixed assets21/28€371k€357k▼
Tangible fixed assets22/27€371k€357k▼
Land and buildings22€362k€331k▼
Plant, machinery and equipment23€5k€23k▲
Furniture and vehicles24€4k€3k▼
Current assets29/58€101k€55k▼
Stocks and contracts in progress3€22k-
Stocks30/36€22k-
Amounts receivable within one year40/41€55k€29k▼
Trade receivables40€53k€23k▼
Other amounts receivable41€2k€6k▲
Cash at bank and in hand54/58€21k€23k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€472k€411k▼
Equity10/15€85k€93k▲
Contributions10/11€19k€19k=
Reserves13€27k€34k▲
Distributable reserves133€27k€34k▲
Profit (loss) carried forward14€40k€40k=
Amounts payable17/49€387k€319k▼
Amounts payable after more than one year17€186k€156k▼
Financial debts170/4€186k€156k▼
Amounts payable within one year42/48€201k€162k▼
Current portion of amounts payable after more than one year42€29k€30k▲
Trade debts44€64k€37k▼
Suppliers440/4€64k€37k▼
Taxes, remuneration and social security45€19k€13k▼
Taxes450/3€19k€13k▼
Other amounts payable47/48€89k€83k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€475
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€38k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€17k
Other operating charges640/8€2k€2k▼
Gross operating margin9900€50k€80k▲
Operating profit (loss)9901€7k€22k▲
Financial income75/76B€831€116▼
Recurring financial income75€831€116▼
Financial charges65/66B€6k€11k▲
Recurring financial charges65€6k€11k▲
Profit (loss) for the period before taxes9903€1k€11k▲
Income taxes67/77€1k€4k▲
Profit (loss) for the period9904€-10€7k▲
Profit (loss) for the period to be appropriated9905€-10€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€40k€47k▲
Profit (loss) brought forward from the previous period14P€40k€40k=
Transfer to equity691/2-€7k
To other reserves6921-€7k
The notes to these accounts (8 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
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €25k ▲62.4%
Operating result €43k, net result €25k, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-16k ▼2138%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Herent · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ellestraat 103020 HerentGround area
1,396 m²
Building footprint
225 m²
Volume, LiDAR
1,572 m³
Parcel 24127B0095/00K002, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SoluD
since 20152.238.549.469
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24127B0095/00K002 | Flanders | 1,396 m² | 1 · 224 m² | 10.8 m · 3 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.
Similar companies · same sector, comparable size
ELECTRO-INDUS
BE 0732.793.329
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Evolutie en Technieken Kurt
BE 0771.805.442
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Lander
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ARDE SOLUTIONS
BE 1007.264.034
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NEF Infra Technics
BE 0742.934.381
Beringen · Eq €93k
Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 8,823 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-2014
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.