SOLVEX
ActiveSummary
The computed 12-month bankruptcy probability of SOLVEX is 3.4% (moderate). The 2025 annual accounts show equity of €21k and a net result of €-4k. Its solvency ranks better than 42% of 27965 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability10
Solvency65▼-35
Growth35
Track record82
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.2; short-term debt: 59.2% and cash: 12.2% of total assets), and 60.2% 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.
+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.8%
Return on assets
-7.2%
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 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 · 2 filingsDeviation from the deadline
2025
28 d late
2024
17 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, micro schema
Equity
€21k▼ 15.3%
2024 · €25k
2024: €25k
2025: €21k▼ -15.3% vs 2024
2024 → 2025
Total assets
€53k▲ 113%
2024 · €25k
2024: €25k
2025: €53k▲ +113% vs 2024
2024 → 2025
Net result
€-4k
Working capital
€6k
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€25k-€21k▼ 15.3%
2024: €25k
2025: €21k▼ -15.3% vs 2024
Operating result€-4k
Net result€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
2025 is the only fiscal year with figures: the operating result is a loss of €4k.
Balance-sheet composition
Assets €53k
Fixed assets
€15k
Current assets
€38k
Equity and liabilities €53k
Equity
€21k
Debt
€32k
Debt finances 60.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€-362
Cash flow
€-603
Current ratio
1.20
Quick ratio
0.99
Debt to equity
1.51
ROE
-18.1%
ROA
-7.2%
Interest coverage
-1.50
Debt ≤ 1 year
€31k
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€25k€53k▲
Fixed assets21/28-€15k
Tangible fixed assets22/27-€15k
Plant, machinery and equipment23-€15k
Current assets29/58€25k€38k▲
Stocks and contracts in progress3-€6k
Stocks30/36-€6k
Amounts receivable within one year40/41€10k€25k▲
Trade receivables40-€11k
Other amounts receivable41€10k€14k▲
Cash at bank and in hand54/58€15k€6k▼
Deferred charges and accrued income490/1-€24
Equity and liabilities
Total equity and liabilities10/49€25k€53k▲
Equity10/15€25k€21k▼
Contributions10/11€25k€25k=
Profit (loss) carried forward14-€-4k
Amounts payable17/49-€32k
Amounts payable within one year42/48-€31k
Trade debts44-€2k
Suppliers440/4-€2k
Other amounts payable47/48-€30k
Accrued charges and deferred income492/3-€550
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k
Other operating charges640/8-€545
Gross operating margin9900-€183
Operating profit (loss)9901-€-4k
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B-€241
Recurring financial charges65-€241
Profit (loss) for the period before taxes9903-€-4k
Profit (loss) for the period9904-€-4k
Profit (loss) for the period to be appropriated9905-€-4k
Appropriation of the result
Profit (loss) to be appropriated9906-€-4k
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 | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3k | - |
| Other operating charges640/8 | - | €545 | - |
| Gross operating margin9900 | - | €183 | - |
| Operating profit (loss)9901 | - | €-4k | - |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | - | €241 | - |
| Recurring financial charges65 | - | €241 | - |
| Profit (loss) for the period before taxes9903 | - | €-4k | - |
| Profit (loss) for the period9904 | - | €-4k | - |
| Profit (loss) for the period to be appropriated9905 | - | €-4k | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €25k | €53k | ▲ 113% |
| Fixed assets21/28 | - | €15k | - |
| Tangible fixed assets22/27 | - | €15k | - |
| Plant, machinery and equipment23 | - | €15k | - |
| Current assets29/58 | €25k | €38k | ▲ 50.8% |
| Stocks and contracts in progress3 | - | €6k | - |
| Stocks30/36 | - | €6k | - |
| Amounts receivable within one year40/41 | €10k | €25k | ▲ 148% |
| Trade receivables40 | - | €11k | - |
| Other amounts receivable41 | €10k | €14k | ▲ 37.7% |
| Cash at bank and in hand54/58 | €15k | €6k | ▼ 56.8% |
| Deferred charges and accrued income490/1 | - | €24 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €25k | €53k | ▲ 113% |
| Equity10/15 | €25k | €21k | ▼ 15.3% |
| Contributions10/11 | €25k | €25k | = |
| Profit (loss) carried forward14 | - | €-4k | - |
| Amounts payable17/49 | - | €32k | - |
| Amounts payable within one year42/48 | - | €31k | - |
| Trade debts44 | - | €2k | - |
| Suppliers440/4 | - | €2k | - |
| Other amounts payable47/48 | - | €30k | - |
| Accrued charges and deferred income492/3 | - | €550 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | - | €-4k | - |
| + Depreciation and write-downs630 | - | €3k | - |
| Operating cash flow (approximation) | - | €-603 | - |
| Change in cash | - | €-9k | - |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Jans-Molenbeek · 1 establishment unit since 2025
Ground area
93 m²
Building footprint
86 m²
Volume, LiDAR
1,231 m³
Parcel 21522B0621/00K000, Brussels · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
136
companies at this address
See who is registered here
1 establishment unit
SOLVEX
since 20252.372.188.349
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21522B0621/00K000 | Brussels | 93 m² | 1 · 86 m² | 17.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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
984500E2E0DABA8M7137
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 3,601 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
Founded23-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43120Site preparation
Scores and ratios are computed by Checked and are not a credit decision.