SOLUTEL
ActiveSummary
SOLUTEL has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.44M and a net result of €231k. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 92 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-10
Solvency83▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 2.92 against 5.11 in 2024; short-term debt: 25.8% and cash: 14.1% of total assets), and 41.5% 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.
−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 61
Relative position
BE, all sectors
reference
Sector 61
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
58.5%
Return on assets
9.3%
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
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 31-03-2026, 122 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
122 d early
2024
121 d early
2023
120 d early
2022
31 d early
2021
30 d early
2020
33 d early
2019
32 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.44M▼ 10.4%
2024 · €1.61M
2018: €89k
2019: €121k
2020: €274k
2021: €686k
2022: €1.08M
2023: €1.28M
2024: €1.61M
2018 → 2025
Total assets
€2.47M▲ 4.2%
2024 · €2.37M
2018: €757k
2019: €931k
2020: €1.16M
2021: €1.58M
2022: €1.75M
2023: €2.11M
2024: €2.37M
2018 → 2025
Net result
€231k▼ 43.8%
2024 · €410k
2018: €18k
2019: €72k
2020: €213k
2021: €512k
2022: €396k
2023: €345k
2024: €410k
2018 → 2025
Working capital
€1.22M▼ 12.5%
2024 · €1.39M
2018: €-59k
2019: €-1k
2020: €144k
2021: €570k
2022: €959k
2023: €1.13M
2024: €1.39M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€686k-€1.08M▲ 57.8%€1.28M▲ 18.2%€1.61M▲ 26.0%€1.44M▼ 10.4%
Operating result€659k-€486k▼ 26.3%€460k▼ 5.3%€489k▲ 6.2%€284k▼ 42.0%
Net result€512k-€396k▼ 22.6%€345k▼ 12.9%€410k▲ 18.7%€231k▼ 43.8%
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 2025; 2025 is 42% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.47M
Fixed assets
€613k ▼ 3.7%
Current assets
€1.86M ▲ 7.0%
Equity and liabilities €2.47M
Equity
€1.44M ▼ 10.4%
Debt
€1.03M ▲ 35.0%
Debt's share of the balance-sheet total rises from 32.0% to 41.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€327k▼
2024 · €533k
Cash flow
€275k▼
2024 · €454k
Current ratio
2.92▼
2024 · 5.11
Debt to equity
0.71▲
2024 · 0.47
ROE
16.0%▼
2024 · 25.4%
ROA
9.3%▼
2024 · 17.3%
Interest coverage
14.15▼
2024 · 17.70
Debt ≤ 1 year
€636k▲
2024 · €339k
Debt > 1 year
€386k▼
2024 · €419k
Income taxes
€69k▼
2024 · €109k
Staff costs
€819k▲
2024 · €648k
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.37M€2.47M▲
Fixed assets21/28€637k€613k▼
Intangible fixed assets21€0€5k▲
Tangible fixed assets22/27€637k€609k▼
Land and buildings22€602k€572k▼
Plant, machinery and equipment23€6k€2k▼
Furniture and vehicles24€29k€34k▲
Current assets29/58€1.73M€1.86M▲
Amounts receivable within one year40/41€276k€292k▲
Trade receivables40€219k€229k▲
Other amounts receivable41€57k€63k▲
Current investments50/53€1.21M€1.21M▲
Cash at bank and in hand54/58€246k€348k▲
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€2.37M€2.47M▲
Equity10/15€1.61M€1.44M▼
Contributions10/11€20k€20k=
Reserves13€1.06M€837k▼
Tax-exempt reserves132€147k€147k=
Distributable reserves133€914k€689k▼
Profit (loss) carried forward14€530k€588k▲
Amounts payable17/49€760k€1.03M▲
Amounts payable after more than one year17€419k€386k▼
Financial debts170/4€419k€386k▼
Amounts payable within one year42/48€339k€636k▲
Current portion of amounts payable after more than one year42€32k€34k▲
Financial debts43€26k€1k▼
Credit institutions430/8€26k€1k▼
Trade debts44€75k€76k▲
Suppliers440/4€75k€76k▲
Taxes, remuneration and social security45€129k€218k▲
Taxes450/3€47k€76k▲
Remuneration and social security454/9€82k€142k▲
Other amounts payable47/48€77k€306k▲
Accrued charges and deferred income492/3€1k€3k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€2k▼
Remuneration, social security and pensions62€648k€819k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€44k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€5k€4k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€1.19M€1.15M▼
Operating profit (loss)9901€489k€284k▼
Financial income75/76B€59k€39k▼
Recurring financial income75€59k€39k▼
Financial charges65/66B€30k€23k▼
Recurring financial charges65€30k€23k▼
Profit (loss) for the period before taxes9903€519k€300k▼
Income taxes67/77€109k€69k▼
Profit (loss) for the period9904€410k€231k▼
Transfer to tax-exempt reserves689€147k€0▼
Profit (loss) for the period to be appropriated9905€263k€231k▼
Appropriation of the result
Profit (loss) to be appropriated9906€724k€761k▲
Profit (loss) brought forward from the previous period14P€462k€530k▲
Transfer from equity791/2€0€225k▲
Transfer to equity691/2€117k€0▼
To other reserves6921€117k€0▼
Profit to be distributed694/7€77k€398k▲
Return on contributions (dividend)694€77k€398k▲
Social balance
Average headcount (FTE)908712.715.8▲
The notes to these accounts (26 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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 5.19
Current ratio from 2.44 to 5.19; short-term debt falls from €397k to €229k.
31-12
Financial
Equity above €1MEq €1.08M ▲57.8%
5 profitable years in a row build equity to €1.08M.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €512k ▲140%
Operating result €659k, net result €512k, both a record.
31-12
Financial
Equity above €500kEq €686k ▲150%
4 profitable years in a row build equity to €686k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €274k ▲127%
3 profitable years in a row build equity to €274k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Equity above €100kEq €121k ▲35.6%
2 profitable years in a row build equity to €121k.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
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.
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, Hasselt · 2 establishment units since 2007
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.
Grote Baan 313511 HasseltGround area
4,290 m²
Building footprint
998 m²
Volume, LiDAR
8,491 m³
2 parcels, Flanders · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
SOLUTEL
since 20072.163.065.554
Solutel
since 20242.360.890.621
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13003A0809/00R000 | Flanders | 3,097 m² | 1 · 697 m² | 9.3 m · 2 fl. |
| 71032B0078/00D000 | Flanders | 1,193 m² | 1 · 302 m² | 16.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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
2022 to 2025 · 6 entries · 30,918 EUR awarded · 30,918 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,654 EUR | 5,169 EUR |
| 2024 | 2 | 2,460 EUR | 3,946 EUR |
| 2023 | 1 | 14,303 EUR | 14,303 EUR |
| 2022 | 2 | 10,501 EUR | 7,500 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Werkbaarheidscheque (stopgezet)
Similar companies · same sector, comparable size
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Of 1,376 companies in sector 61100 we hold annual accounts for 586. 227 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
Founded12-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
73200Market research and public opinion polling
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.