SOLUTION V
Open bankruptcyA bankruptcy procedure is open for SOLUTION V according to publications in the Belgian State Gazette; curator: PIERRE THIRY.
Summary
The 2023 annual accounts show equity of €12k and a net result of €-20k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
7 d early
2021
4 d early
2020
333 d late
2019
698 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
€0▼ 100%
2020 · €78k
2019: €82khighest value
2020: €78k▼ -4.8% vs 2019
2022: €0lowest value
2019 → 2022
EBIT margin
2.9%▼ 7.4pp
2019 · 10.3%
2019: 10.3%
2020: 2.9%▼ -72.2% vs 2019
2019 → 2020
Net result
€-20k
2022 · €2k
2018: €2k
2019: €7k▲ +368% vs 2018highest in 6 years
2020: €801▼ -88.9% vs 2019
2021: €4k▲ +454% vs 2020
2022: €2k▼ -63.1% vs 2021
2023: €-20k▼ -1341% vs 2022lowest in 6 years
2018 → 2023
Working capital
€11k▼ 57.0%
2022 · €26k
2018: €15k
2019: €24k▲ +58.3% vs 2018
2020: €20k▼ -15.4% vs 2019
2021: €22k▲ +7.1% vs 2020
2022: €26k▲ +18.8% vs 2021highest in 6 years
2023: €11k▼ -57.0% vs 2022lowest in 6 years
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€82k-€78k▼ 4.8%€0
2019: €82khighest value
2020: €78k▼ -4.8% vs 2019
2022: €0lowest value
Equity€25k-€26k▲ 3.2%€31k▲ 17.0%€32k▲ 5.4%€12k▼ 63.1%
2019: €25k
2020: €26k▲ +3.2% vs 2019
2021: €31k▲ +17.0% vs 2020
2022: €32k▲ +5.4% vs 2021highest in 5 years
2023: €12k▼ -63.1% vs 2022lowest in 5 years
Operating result€8k-€2k▼ 73.5%€7k▲ 198%€13k▲ 92.9%€-12k
2019: €8k
2020: €2k▼ -73.5% vs 2019
2021: €7k▲ +198% vs 2020
2022: €13k▲ +92.9% vs 2021highest in 5 years
2023: €-12k▼ -190% vs 2022lowest in 5 years
Net result€7k-€801▼ 88.9%€4k▲ 454%€2k▼ 63.1%€-20k
2019: €7khighest in 5 years
2020: €801▼ -88.9% vs 2019
2021: €4k▲ +454% vs 2020
2022: €2k▼ -63.1% vs 2021
2023: €-20k▼ -1341% vs 2022lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €12k after €13k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €35k
Fixed assets
€10k ▲ 56.3%
Current assets
€25k ▼ 7.3%
Equity and liabilities €35k
Equity
€12k ▼ 63.1%
Debt
€23k ▲ 2,181%
Debt's share of the balance-sheet total rises from 3.0% to 65.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-9k▼
2022 · €16k
Cash flow
€-17k▼
2022 · €5k
Current ratio
1.81▼
2022 · 27.07
Debt to equity
1.92▲
2022 · 0.03
ROE
-171.2%▼
2022 · 5.1%
ROA
-58.6%▼
2022 · 4.9%
Interest coverage
-3.87▼
2022 · 6.49
Debt ≤ 1 year
€14k▲
2022 · €1k
Debt > 1 year
€9k
Income taxes
€7k▼
2022 · €9k
Staff costs
€4k
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 · 2023 against 2022 · 47 lines
Balance sheet
Code20222023
Assets
Total assets20/58€33k€35k▲
Fixed assets21/28€6k€10k▲
Tangible fixed assets22/27€6k€10k▲
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€6k€10k▲
Current assets29/58€27k€25k▼
Amounts receivable within one year40/41€18k€25k▲
Trade receivables40€4k€5k▲
Other amounts receivable41€14k€20k▲
Cash at bank and in hand54/58€9k€0▼
Deferred charges and accrued income490/1€280€309▲
Equity and liabilities
Total equity and liabilities10/49€33k€35k▲
Equity10/15€32k€12k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€12k€-8k▼
Amounts payable17/49€1k€23k▲
Amounts payable after more than one year17-€9k
Financial debts170/4-€9k
Amounts payable within one year42/48€1k€14k▲
Current portion of amounts payable after more than one year42-€7k
Financial debts43-€5k
Credit institutions430/8-€5k
Trade debts44€0€908▲
Suppliers440/4-€908
Taxes, remuneration and social security45€1k€1k▲
Taxes450/3€1k€753▼
Remuneration and social security454/9-€647
Other amounts payable47/48€0€0=
Income statement
Code20222023
Turnover70€0-
Goods, raw materials, services and sundry goods60/61€0-
Remuneration, social security and pensions62-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€592€1k▲
Gross operating margin9900€17k€-3k▼
Operating profit (loss)9901€13k€-12k▼
Financial income75/76B€0-
Recurring financial income75€0-
Non-recurring financial income76B€0-
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€10k€-14k▼
Income taxes67/77€9k€7k▼
Profit (loss) for the period9904€2k€-20k▼
Profit (loss) for the period to be appropriated9905€2k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€-8k▼
Profit (loss) brought forward from the previous period14P€11k€12k▲
Social balance
Average headcount (FTE)9087-0.5
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €82k | €78k | - | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €72k | €75k | - | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €4k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €3k | €3k | €3k | ▼ 2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €7k | - | - | - |
| Other operating charges640/8 | €380 | €401 | €173 | €592 | €1k | ▲ 129% |
| Gross operating margin9900 | €10k | €4k | €17k | €17k | €-3k | ▼ 117% |
| Operating profit (loss)9901 | €8k | €2k | €7k | €13k | €-12k | ▼ 190% |
| Financial income75/76B | - | €0 | €0 | €0 | - | - |
| Recurring financial income75 | - | €0 | €0 | €0 | - | - |
| Non-recurring financial income76B | - | - | - | €0 | - | - |
| Financial charges65/66B | €1k | €1k | €1k | €2k | €2k | ▼ 10.6% |
| Recurring financial charges65 | €1k | €1k | €1k | €2k | €2k | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €7k | €801 | €5k | €10k | €-14k | ▼ 233% |
| Income taxes67/77 | €0 | - | €1k | €9k | €7k | ▼ 25.3% |
| Profit (loss) for the period9904 | €7k | €801 | €4k | €2k | €-20k | ▼ 1,341% |
| Profit (loss) for the period to be appropriated9905 | €7k | €801 | €4k | €2k | €-20k | ▼ 1,341% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27k | €29k | €36k | €33k | €35k | ▲ 4.4% |
| Fixed assets21/28 | €2k | €6k | €9k | €6k | €10k | ▲ 56.3% |
| Tangible fixed assets22/27 | €2k | €6k | €9k | €6k | €10k | ▲ 56.3% |
| Plant, machinery and equipment23 | €203 | €136 | €68 | €0 | €0 | - |
| Furniture and vehicles24 | €2k | €6k | €9k | €6k | €10k | ▲ 56.3% |
| Current assets29/58 | €25k | €24k | €27k | €27k | €25k | ▼ 7.3% |
| Stocks and contracts in progress3 | €3k | €0 | - | - | - | - |
| Stocks30/36 | €3k | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €18k | €18k | €21k | €18k | €25k | ▲ 36.3% |
| Trade receivables40 | €14k | €16k | €15k | €4k | €5k | ▲ 23.9% |
| Other amounts receivable41 | €4k | €2k | €6k | €14k | €20k | ▲ 40.1% |
| Cash at bank and in hand54/58 | €3k | €5k | €5k | €9k | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €318 | €379 | €334 | €280 | €309 | ▲ 10.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27k | €29k | €36k | €33k | €35k | ▲ 4.4% |
| Equity10/15 | €25k | €26k | €31k | €32k | €12k | ▼ 63.1% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Capital10 | €20k | €0 | - | - | - | - |
| Issued capital100 | €20k | €0 | - | - | - | - |
| Outside capital11 | - | €20k | - | - | - | - |
| Other1109/19 | - | €20k | - | - | - | - |
| Profit (loss) carried forward14 | €5k | €6k | €11k | €12k | €-8k | ▼ 167% |
| Amounts payable17/49 | €1k | €3k | €5k | €1k | €23k | ▲ 2,181% |
| Amounts payable after more than one year17 | - | - | - | - | €9k | - |
| Financial debts170/4 | - | - | - | - | €9k | - |
| Amounts payable within one year42/48 | €474 | €3k | €5k | €1k | €14k | ▲ 1,287% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | €7k | - |
| Financial debts43 | - | - | - | - | €5k | - |
| Credit institutions430/8 | - | - | - | - | €5k | - |
| Trade debts44 | €180 | €348 | €4k | €0 | €908 | - |
| Suppliers440/4 | €180 | €348 | €4k | - | €908 | - |
| Taxes, remuneration and social security45 | €294 | €0 | €1k | €1k | €1k | ▲ 40.0% |
| Taxes450/3 | €294 | €0 | €1k | €1k | €753 | ▼ 24.7% |
| Remuneration and social security454/9 | - | €0 | €0 | - | €647 | - |
| Other amounts payable47/48 | - | €3k | €0 | €0 | €0 | - |
| Accrued charges and deferred income492/3 | €937 | - | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €801 | €4k | €2k | €-20k | ▼ 1,341% |
| + Depreciation and write-downs630 | €1k | €1k | €3k | €3k | €3k | ▼ 2.5% |
| Operating cash flow (approximation) | €8k | €2k | €7k | €5k | €-17k | ▼ 461% |
| Investment in fixed assets (approximation) | - | €-5k | €-6k | €-660 | €-7k | ▼ 887% |
| Change in cash | - | €2k | €380 | €3k | €-9k | ▼ 368% |
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
13-10
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 06-10-2025
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 5current ratio 27.07
Current ratio from 5.45 to 27.07; short-term debt falls from €5k to €1k.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 333 days late
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 698 days late
2019
31-12
Financial
Highest result since 2018net €7k ▲368%
Net result €7k, the highest in the series.
31-12
Financial
Liquidity times 14current ratio 52.09
Current ratio from 3.60 to 52.09; short-term debt falls from €6k to €474.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Waremme · 1 establishment unit since 2017
Ground area
934 m²
Building footprint
212 m²
Volume, LiDAR
1,571 m³
2 parcels, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SOLUTION V
since 20172.283.864.109
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074C0698/00L000 | Wallonia | 822 m² | 1 · 167 m² | 8.2 m · 2 fl. |
| 62108C0199/00B000 | Wallonia | 112 m² | 1 · 45 m² | 11.2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIERRE THIRY PLACE DU HAUT-PRE 10, 4000 LIEGE 1- |
06-10-2025 → present |
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Of 461 companies in sector 80090 we hold annual accounts for 261. 146 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 (pre-2019)
Founded05-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
80090Investigation and security activities
Contact
E-mail
info@solutionv.be
Phone
+32496557755
Scores and ratios are computed by Checked and are not a credit decision.