Skip to content

Vacances Soralia -Territoire de Liège - Réseau Solidaris

Active
Non-profit associationfounded 193194 yrs activeRue Douffet 36, 4020 Liège, BelgiumKBO/BCE: BE 0404.248.785

Vacances Soralia -Territoire de Liège - Réseau Solidaris has been active since 1931 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8.82M and a net result of €-2k. Equity remains stable across the filed fiscal years (±1.5% per year). The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2024
78 / 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability37▼-4
Solvency100=
Growth38=
Track record100
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 87.81; short-term debt: 1.1% and cash: 7.9% of total assets), and 1.1% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 94 years 0 100 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
43 d early
2023
41 d late
2022
21 d early
2021
27 d early
2020
31 d early
2019
36 d early
← before the deadline after the 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 2024, micro schema

Turnover
€47k▲ 90.0%
2020 · €24k
2018: €110k 2019: €103k 2020: €24k
2018 → 2021
EBIT margin
-262.9%▲ 248.0pp
2020 · -510.8%
2018: -110.3% 2019: -119.7% 2020: -510.8%
2018 → 2021
Net result
€-2k
2023 · €140k
2018: €-43k 2019: €-50k 2020: €-58k 2021: €-56k 2022: €-755k 2023: €140k
2018 → 2024
Working capital
€8.74M=
2023 · €8.74M
2018: €9.62M 2020: €9.45M 2021: €9.39M 2022: €8.67M 2023: €8.74M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€24k-€47k▲ 90.0%
Equity€9.49M-€9.44M▼ 0.6%€8.68M▼ 8.0%€8.82M▲ 1.6%€8.82M=
Operating result€-125k-€-122k▲ 2.2%€-119k▲ 2.6%€-128k▼ 7.0%€-160k▼ 25.2%
Net result€-58k-€-56k▲ 3.3%€-755k▼ 1,247%€140k€-2k
Result per fiscal year
Operating resultNet result
€-1.00M€-750k€-500k€-250k€0€250kOperating result 2020: €-125k€-125kNet result 2020: €-58k€-58kOperating result 2021: €-122k€-122kNet result 2021: €-56k€-56kOperating result 2022: €-119k€-119kNet result 2022: €-755k€-755kOperating result 2023: €-128k€-128kNet result 2023: €140k€140kOperating result 2024: €-160k€-160kNet result 2024: €-2k€-2k20202021202220232024
The operating result stays negative: a loss of €160k in 2024 against €128k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.92M
Fixed assets €81k▼ 1.9%
Current assets €8.84M▲ 0.9%
Equity and liabilities €8.92M
Equity €8.82M=
Debt €101k▲ 355%
The debt ratio rises from 0.3% to 1.1%. Debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€-158k
2023 · €-126k
Cash flow
€-84
2023 · €142k
Solvency
98.9%
2023 · 99.7%
Current ratio
87.81
Quick ratio
87.81
Debt / equity
0.01
2023 · 0.00
ROE
0.0%
2023 · 1.6%
ROA
0.0%
2023 · 1.6%
Interest coverage
2.09
2023 · 0.54
Debt
€101k
2023 · €22k
Debt ≤ 1 year
€101k
2023 · €22k
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 · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€8.84M€8.92M
Fixed assets21/28€82k€81k
Tangible fixed assets22/27€82k€81k
Land and buildings22€82k€81k
Current assets29/58€8.76M€8.84M
Amounts receivable within one year40/41€2.67M€2.37M
Other amounts receivable41€2.67M€2.37M
Current investments50/53€5.63M€5.76M
Cash at bank and in hand54/58€456k€708k
Deferred charges and accrued income490/1€0€407
Equity and liabilities
Total equity and liabilities10/49€8.84M€8.92M
Equity10/15€8.82M€8.82M=
Profit (loss) carried forward14€8.82M€8.82M=
Amounts payable17/49€22k€101k
Amounts payable within one year42/48€22k€101k
Trade debts44€22k€101k
Suppliers440/4€22k€101k
Income statement Code20232024
Non-recurring operating income76A€880€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€29k€46k
Non-recurring operating charges66A€1k€2k
Gross operating margin9900€-96k€-110k
Operating profit (loss)9901€-128k€-160k
Financial income75/76B€35k€82k
Recurring financial income75€35k€82k
Financial charges65/66B€-233k€-75k
Recurring financial charges65€-233k€-75k
Profit (loss) for the period before taxes9903€140k€-2k
Profit (loss) for the period9904€140k€-2k
Profit (loss) for the period to be appropriated9905€140k€-2k
Appropriation of the result
Profit (loss) to be appropriated9906€8.82M€8.82M=
Profit (loss) brought forward from the previous period14P€8.68M€8.82M

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

2026
28-07
State Gazette act Resignations & appointments
General meeting · Auditor appointment · Permanent representative3 facts ▸
  • General meeting, 05/06/2026
  • Auditor appointment, SRL LIBRA Audit & Assurance
  • Permanent representative, Hanine Essaheli
29-01
State Gazette act Resignations & appointments
Board meeting · Director resignation3 facts ▸
  • Board meeting, 2025-12-12
  • Director resignation, MARTIN Annick (Secrétaire -Trésorière Adjointe)
  • Director resignation, MARTIN Annick (administratrice)
2025
18-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
10-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 41 days late
24-07
State Gazette act Resignations & appointments
General meeting · Director reappointment · Director resignation15 facts ▸
  • General meeting, 2024-06-13
  • Director reappointment, BEN MOKHTAR Leila (administrateur)
  • Director reappointment, BRIMBOIS Marie Virginie (administrateur)
  • Director reappointment, CESARETTI Fabrice (administrateur)
  • Director reappointment, CLOSSET Sébastien (administrateur)
  • Director reappointment, HEYLEN Caroline (administrateur)
  • Director reappointment, LARUELLE Pascale (administrateur)
  • Director reappointment, MARIANI Anne-Marie (administrateur)
  • Director reappointment, MARTIN Annick (administrateur)
  • Director reappointment, MATHIEU Cédric (administrateur)
  • Director reappointment, MIMOUNI Leila (administrateur)
  • Director reappointment, SCHYNS Grégory (administrateur)
  • +3 further facts in this act
2023
31-12
Financial Back to profitnet €140k
Net result €140k after 5 loss-making years.
08-09
State Gazette act Resignations & appointments
General meeting · Auditor appointment · Permanent representative3 facts ▸
  • General meeting, 2023-06-08
  • Auditor appointment, Pricewaterhouse Coopers Réviseurs d'entreprises SRL (Commissaire)
  • Permanent representative, Christelle Gilles
10-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Weakest financial yearnet €-755k
Net result drops to €-755k, the lowest in the series; recovery starts the following year.
08-11
State Gazette act Statutes amendment · Resignations & appointments
General meeting · Name change · Statutes amendment6 facts ▸
  • General meeting, 2022-06-18
  • Name change, Vacances Soralia- Territoire de Liège - réseau Solidaris
  • Statutes amendment
  • Corporate purpose, Dans un but éducatif ou de promotion du bien-être physique, psychique, moral et social, l'association a pour objet l'organisation de vacances enfantines ou fami…
  • Statutes amendment
  • Statutes amendment
04-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
09-03
State Gazette act Resignations & appointments
General meeting · Director appointment · Director resignation9 facts ▸
  • General meeting, 2022-01-21
  • Director appointment, Pascale Laruelle (administratrice)
  • Director appointment, Pascale Laruelle (Secrétaire Trésorière adjointe)
  • Director appointment, Pascale Laruelle (Secrétaire Trésorière)
  • Director resignation, Dominique Dauby (Secrétaire Trésorière)
  • Director resignation, Dominique Dauby (administratrice)
  • Auditor appointment, PwC réviseurs d'Entreprises SRL (Commissaire)
  • Director resignation, Pascale Laruelle (Secrétaire Trésorière adjointe)
  • Power of attorney, Pascale Laruelle
2021
31-12
Financial Liquidity times 17current ratio 64679.82
Current ratio from 3817.78 to 64679.82; short-term debt falls from €2k to €145.
09-07
State Gazette act Resignations & appointments
Board meeting · General meeting · Director resignation21 facts ▸
  • Board meeting, 2021-06-02
  • General meeting, 2021-06-02
  • Director resignation, Magali Macours (administratrice et Présidente)
  • Director appointment, Anne-Marie Mariani (Présidente)
  • Director reappointment, Cesaretti Fabrice (administrateur)
  • Director reappointment, Dominique Dauby (administratrice)
  • Director reappointment, Dominique Dauby (Secrétaire-Trésorière)
  • Director reappointment, Anne-Marie Mariani (administratrice)
  • Director reappointment, Annick Martin (administratrice)
  • Director reappointment, Annick Martin (Secrétaire-Trésorière Adjointe)
  • Director reappointment, Cédric Mathieu (administrateur)
  • Director reappointment, Monique Meyer (administratrice)
  • +9 further facts in this act
30-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
30-12
State Gazette act Statutes amendment
General meeting · Board meeting · Statutes amendment7 facts ▸
  • General meeting, 2020-11-20
  • Board meeting, 2020-10-09
  • Statutes amendment
  • Corporate purpose, Dans un but éducatif ou de promotion du bien-être physique, psychique, moral et social, l'association a pour objet l'organisation de vacances enfantines ou fami…
  • Power of attorney, Dominique Dauby (Secrétaire Trésorière)
  • Power of attorney, Dominique Dauby
  • Dissolution, L'affectation de l'actif net de l'avoir social en cas de dissolution est obligatoirement faite en faveur de l'asbl « Les Femmes Prévoyantes Socialistes de la Pr…
04-08
State Gazette act Resignations & appointments
General meeting · Auditor appointment · Permanent representative5 facts ▸
  • General meeting, 2020-06-19
  • Auditor appointment, Pricewaterhouse Coopers Réviseurs d'entreprises SRL (Commissaire)
  • Permanent representative, Christelles Gilles
  • Permanent representative, Patrick Cammarata
  • Director resignation, Jacqueline Delville (Vice-Présidente et administratrice)
25-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
27-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
State Gazette act Resignations & appointments
General meeting · Statutes amendment · Director reappointment17 facts ▸
  • General meeting, 2018-02-02
  • Statutes amendment
  • Statutes amendment
  • Director reappointment, Cesaretti Fabrice (administrateur)
  • Director reappointment, Dominique Dauby (administratrice, Secrétaire Trésorière)
  • Director reappointment, Latifa Es Safi (administratrice)
  • Director reappointment, Magali Macours (administratrice)
  • Director reappointment, Anne-Marie Mariani (administratrice)
  • Director reappointment, Annick Martin (administratrice)
  • Director reappointment, Cédric Mathieu (administrateur)
  • Director reappointment, Monique Meyer (administratrice)
  • Director reappointment, Leila Mimouni (administratrice, Secrétaire-Trésorière Adjointe)
  • +5 further facts in this act
03-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
16-11
State Gazette act Resignations & appointments
Board meeting · Director resignation · General meeting5 facts ▸
  • Board meeting, 2014-12-12
  • Director resignation, Barbara Pieters (administratrice)
  • General meeting, 2015-01-17
  • Director appointment, Fabrice Cesaretti (administrateur)
  • Director appointment, Cédric Mathieu (administrateur)
2014
13-11
State Gazette act Resignations & appointments
General meeting · Director appointment · Board meeting4 facts ▸
  • General meeting, 2014-06-06
  • Director appointment, Barbara Pieters (administratrice)
  • Board meeting, 2014-09-26
  • Director resignation, Thérèse Mancin (administratrice et de Vice-Présidente)
26-03
State Gazette act Resignations & appointments
Board meeting · Director resignation2 facts ▸
  • Board meeting, 2013-10-18
  • Director resignation, Isabelle Heymans (administratrice)
2012
05-07
State Gazette act Resignations & appointments
Board meeting · Director resignation4 facts ▸
  • Board meeting, 2012-02-17
  • Director resignation, Marie-Kristine Vanbockestal (administratrice)
  • Board meeting, 2012-06-01
  • Director resignation, Dorothée Noël (administratrice)
2011
22-11
State Gazette act Statutes amendment · Resignations & appointments
General meeting · Statutes amendment · Board meeting27 facts ▸
  • General meeting, 2011-09-30
  • Statutes amendment
  • Board meeting, 2011-09-30
  • Director resignation, Joëlle Dewaeghe (administratrice)
  • Director resignation, Lucienne Sacre (administratrice)
  • Director resignation, Lucienne Sacre (Présidente)
  • Director resignation, Marie-Jeanne Gérard (administratrice)
  • Director reappointment, Dominique Dauby (administratrice)
  • Director reappointment, Jacqueline Delville (administratrice)
  • Director reappointment, Latifa Es Safi (administratrice)
  • Director reappointment, Isabelle Heymans (administratrice)
  • Director reappointment, Magali Macours (administratrice)
  • +15 further facts in this act
14-04
State Gazette act Resignations & appointments
General meeting · Director reappointment · Director appointment18 facts ▸
  • General meeting, 2010-12-16
  • Director reappointment, Dominique Dauby (Secrétaire Trésorière)
  • Director reappointment, Jacqueline Delville (Vice-Présidente)
  • Director reappointment, Joëlle Dewaeghe (Administratrice)
  • Director reappointment, Latifa Es Safi (Administratrice)
  • Director reappointment, Marie-Jeanne Gérard (Administratrice)
  • Director reappointment, Isabelle Heymans (Administratrice)
  • Director reappointment, Annick Martin (Secrétaire Trésorière Adjointe)
  • Director reappointment, Thérése Mancin (Vice-Présidente)
  • Director reappointment, Anne-Marie Mariani (Administratrice)
  • Director reappointment, Leila Mimouni (Secrétaire-Trésorière Adjointe)
  • Director reappointment, Dorothée Noël (Administratrice)
  • +6 further facts in this act
2008
25-07
State Gazette act Statutes amendment · Resignations & appointments
General meeting · Name change · Statutes amendment8 facts ▸
  • General meeting, 2008-05-30
  • Name change, Vacances des Femmes Prévoyantes Socialistes de la Province de Liège - Solidaris
  • Statutes amendment
  • Statutes amendment
  • Director resignation, Rita HANOT (administratrice)
  • Director resignation, Cécile PARTHOENS (administratrice)
  • Director resignation, Josiane COLLARD (administratrice)
  • Director appointment, Isabelle HEYMANS (administratrice)
2005
14-03
State Gazette act Statutes amendment
General meeting · Name change · Corporate purpose10 facts ▸
  • General meeting, 2004-11-17
  • Name change, Organisation des Vacances des Femmes Prévoyantes Socialistes - Solidarıs
  • Corporate purpose, L'organisation de vacances enfantines ou familiales au profit de ses membres et des enfants de ceux-ci et ce dans un but éducatif ou de promotion du bien-être p…
  • Member resignation, Lydie REUSCH
  • Director resignation, Michelle KLEYKENS (administratrice)
  • Director resignation, Lydie REUSCH (administratrice)
  • Director appointment, Annick MARTIN (administratrice)
  • Board meeting, 2004-12-08
  • Director appointment, Dominique DAUBY (secrétaire-trésorière)
  • Director appointment, Annick MARTIN (secrétaire-adjointe)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
37 directors, no change since 2026
LARUELLE Pascale
Secrétaire trésorière · since 19-03-2022
Current
Anne-Marie Mariani
Présidente · since 02-06-2021
Current
Caroline HEYLEN
Director · since 02-06-2021
Current
Closset Sébastien
Director · since 02-06-2021
Current
Jean-Luc VRANCKEN
Director · since 02-06-2021
Current
Leïla BEN MOKTHAR
Director · since 02-06-2021
Current
+ 13 not shown in this overview
20-01-2026 Annick MARTIN: Resigned as Director
20-01-2026 Annick MARTIN: Resigned as Secrétaire trésorière adjointe
13-06-2024 Monique Meyer: Resigned as Director
19-03-2022 LARUELLE Pascale: Appointed as Secrétaire trésorière
19-03-2022 LARUELLE Pascale: Resigned as Secrétaire trésorière adjointe
19-03-2022 Dominique DAUBY: Resigned as Secrétaire trésorière
19-03-2022 Dominique DAUBY: Resigned as Director
28-02-2022 LARUELLE Pascale: Appointed as Secrétaire trésorière adjointe
21-01-2022 LARUELLE Pascale: Appointed as Director
02-06-2021 Anne-Marie Mariani: Appointed as Présidente
02-06-2021 Caroline HEYLEN: Appointed as Director
02-06-2021 Closset Sébastien: Appointed as Director
02-06-2021 Jean-Luc VRANCKEN: Appointed as Director
02-06-2021 Leïla BEN MOKTHAR: Appointed as Director
02-06-2021 Marie BRIMBOIS: Appointed as Director
02-06-2021 Schyns Gregory: Appointed as Director
02-06-2021 Magali MACOURS: Resigned as Administratrice et présidente
02-02-2018 ES SAFI Latifa: Resigned as Director
26-07-2017 Dorothée NOEL: Resigned as Director
26-07-2017 VANBOCKESTAL Marie-Kristine: Resigned as Director
27-05-2016 DELVILLE Jacqueline: Resigned as Vice présidente et administratrice
17-01-2015 Cédric Mathieu: Appointed as Director
17-01-2015 Fabrice Cesaretti: Appointed as Director
17-01-2015 Barbara Pieters: Resigned as Director
+ 24 not shown in this overview
Location & real-estate footprint
Registered office, Liège
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.

Rue Douffet 364020 Liège
Ground area
8,122 m²
Building footprint
225 m²
Parcel 62817B0441/00A005, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62817B0441/00A005 Wallonia 8,122 m² 1 · 225 m² -
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.

Statutory auditor

3 auditors
SRL LIBRA – AUDIT & ASSURANCECurrent
Auditor · represented by Hanine Essaheli
28-07-2026 → present
Show 2 earlier auditors
PwC Réviseurs d'Entreprises SRL
Commissaire · represented by Christelle Gilles
succeeded by SRL LIBRA – AUDIT & ASSURANCE in 2026
21-01-2022 → 28-07-2026
SRL. Pricewaterhouse Coopers Réviseurs d'Entreprises
Commissaire · represented by Christelle Gilles
succeeded by PwC Réviseurs d'Entreprises SRL in 2022
19-06-2020 → 21-01-2022

Structure & network

Connections & network

87 connected companies
LARUELLE Pascale, Shared director, links 20 companies LP LARUELLE…scaleAmicale des Ecoles de Promotion sociale Soralia Liège-réseau Solidaris, via LARUELLE Pascale ADAmicale desEcoles d…darisASBL Centres de Planning Familial Soralia de Liège et Spa – Réseau Solidaris, via LARUELLE Pascale ACASBL Centresde Plann…darisASBL Soralia – Territoire de Liège – Réseau Solidaris, via LARUELLE Pascale ASASBL Soralia –Territoi…darisCentrale de Services à Domicile - Réseau Solidaris, via LARUELLE Pascale CDCentrale deServices…darisEcole de Promotion sociale Soralia Verviers- réseau Solidaris, via LARUELLE Pascale EDEcole dePromotio…darisEcoles de Promotion sociale Soralia Liège - réseau Solidaris, via LARUELLE Pascale EDEcoles dePromotio…darisEsenca asbl, via LARUELLE Pascale EAEsenca asblEsenca-Province de Liège-Réseau Solidaris, via LARUELLE Pascale EDEsenca-P…vincede Liège…darisLatitude Jeunes - Province de Liège - Réseau Solidaris, via LARUELLE Pascale LJLatitudeJeunes -…darisLIAGES ASBL, via LARUELLE Pascale LALIAGES ASBLMnema, via LARUELLE Pascale MMnemaMutualité Solidaris Wallonie, via LARUELLE Pascale MSMutualitéSolidari…lonieRéseau Solidaris, via LARUELLE Pascale RSRéseauSolidarisVacances Soralia -Territoire de Liège - Réseau Solidaris VacancesSoralia…aris0404.248.785
Shared directors
Linked via shared directors
Show 68 more companies with a shared director
Mnema
viaLARUELLE Pascale · Director
Réseau Solidaris
viaLARUELLE Pascale · Vice présidente
Soralia Mouvement-régionale de Verviers réseau solidaris
viaLeila MIMOUNI · Administratrice, secrétaire trésorière adjointe
former
former
Revers
viaLARUELLE Pascale · Director
former
Solidaris Immo
viaLARUELLE Pascale · Vice présidente
former
Network connections
Show 11 more network connections
HORIZON NET
Shared director
LA CIBLE
Shared director
SOLIDARIS ASSURANCES
Shared director
TECHNIFUTUR
Shared director
TECHNO.BEL
Shared director
Un Pass dans l'Impasse
Shared director

Recognitions · licences · registrations

Legal Entity Identifier

967600LKONPTLIUD9D56
live in the LEI register

Company data · Crossroads Bank

Identification
Legal formNon-profit association
Founded21-10-1931
Fiscal year end31-12
Abbreviation FR Vacances Soralia Liège
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.