ACTIVE

SOLID

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Financial year 2025 · closed on 30/09/2025
Net result
-638,4 k €
-54.9% YoY
Revenue
11,8 M €
+19.1% YoY
Equity
3,8 M €
-14.4% YoY
Workforce
28,5 ETP
-1.4% YoY

What does SOLID do?

SOLID is a Private limited company incorporated in 2001. Its main activity is: Sawmilling and planing of wood. Its registered office is in Spiere-Helkijn. It employs on average 28,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0475.877.446
Incorporation
16/10/2001
Legal form
Private limited company
Registered office
Parc Industriel 8
8587 Spiere-Helkijn · FlandreSee on map
Contributed capital
7 500 000,00 €
Latest accounts
30/09/2025
Average workforce
28,5 ETP
Activities (NACE)
16100Sawmilling and planing of wood· main16110Sawmilling and planing of wood16230Manufacture of other builders' carpentry and joinery16230Manufacture of other builders' carpentry and joinery20200Manufacture of pesticides and other agrochemical products20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics+4
Joint committees (2)
  • 126
  • 218
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021201920152014201220112010
Income statement
Revenue11,8 M €9,9 M €12,1 M €20,2 M €23,6 M €14,8 M €19,5 M €18,8 M €27,2 M €34,4 M €33,3 M €
EBITDA378,2 k €-36,2 k €-614,5 k €765,9 k €1,6 M €1,9 M €-306,7 k €-796,0 k €-943,3 k €755,6 k €1,3 M €
Operating result-468,0 k €-305,4 k €-982,2 k €373,9 k €1,2 M €1,7 M €-1,2 M €-1,1 M €-1,4 M €-378,9 k €1,1 M €
Net result-638,4 k €-412,0 k €-1,1 M €221,1 k €1,0 M €1,4 M €-3,1 M €-3,0 M €-3,1 M €-852,0 k €741,7 k €
Balance sheet
Equity3,8 M €4,4 M €4,8 M €6,0 M €5,7 M €3,8 M €2,1 M €5,2 M €6,0 M €7,1 M €8,0 M €
Total assets10,2 M €8,4 M €9,0 M €12,6 M €15,0 M €8,2 M €14,9 M €17,9 M €21,5 M €27,3 M €25,3 M €
Cash444,5 k €68,9 k €73,5 k €96,2 k €695,4 k €609,8 k €83,4 k €179,6 k €1,1 M €1,2 M €634,4 k €
Debts6,4 M €3,9 M €4,2 M €6,6 M €9,1 M €4,3 M €12,8 M €12,4 M €15,2 M €19,8 M €17,1 M €
Other
Workforce28,5 ETP28,9 ETP30,7 ETP33,4 ETP30,8 ETP25,5 ETP38,3 ETP32,8 ETP43,3 ETP41,4 ETP42,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 10 ended

Active mandates

luc grauwet

Director · since 22 décembre 2023 · 0823.316.895

Represented by Luc GRAUWET

Active
Peter Ide

Director · since 22 décembre 2023

Active

Ended mandates

luc grauwet

Director · since 22 décembre 2023 · 0823.316.895

Represented by Luc GRAUWET

Ended
Peter Ide

Director · since 30 juillet 2020

Ended
Steven Ide

Director · since 30 juillet 2020

Ended
Peter Ide

Director · since 01 juillet 2012

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/10/202401/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year30/09/202530/09/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months9 months12 months12 months12 months12 months
Filing date29/05/202628/05/202502/07/202411/07/202319/07/202208/07/2021
General meeting13/05/202628/05/202528/06/202428/06/202315/07/202221/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/202513/05/202629/05/2026DutchPDF
Full model30/09/202428/05/202528/05/2025DutchPDF
Full model31/12/202328/06/202402/07/2024DutchPDF
Full model31/12/202228/06/202311/07/2023DutchPDF
Full model31/12/202115/07/202219/07/2022DutchPDF
Full model31/12/202021/06/202108/07/2021DutchPDF
Full model31/12/201902/06/202029/06/2020DutchPDF
Full model31/12/201828/06/201902/07/2019DutchPDF
Full model31/12/201728/06/201813/07/2018DutchPDF
Full model31/12/201610/07/201714/07/2017DutchPDF
Full model31/12/201530/06/201622/12/2016DutchPDF
Full model31/12/201430/06/201522/12/2016DutchPDF
Full model31/12/201330/06/201423/07/2014DutchPDF
Full model31/12/201221/06/201312/07/2013DutchPDF
Full model31/12/201130/06/201219/07/2012DutchPDF
Full model31/12/201006/06/201123/06/2011DutchPDF
Full model31/12/200907/06/201017/06/2010DutchPDF
Full model31/12/200801/06/200917/07/2009DutchPDF
Full model31/12/200702/06/200801/08/2008DutchPDF
Full model31/12/200625/06/200725/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 10 ended

Active mandates

luc grauwet

Director · since 22 décembre 2023 · 0823.316.895

Represented by Luc GRAUWET

Active
Peter Ide

Director · since 22 décembre 2023

Active

Ended mandates

luc grauwet

Director · since 22 décembre 2023 · 0823.316.895

Represented by Luc GRAUWET

Ended
Peter Ide

Director · since 30 juillet 2020

Ended
Steven Ide

Director · since 30 juillet 2020

Ended
Peter Ide

Director · since 01 juillet 2012

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other22/10/2024
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates28/02/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/08/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/05/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/12/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/10/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring19/12/2013
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-638,4 k €↓
  2. 2024
    Annual accounts 2024-412,0 k €↑
  3. 2023
    Annual accounts 2023-1,1 M €↓
  4. 2022
    Annual accounts 2022221,1 k €↓
  5. 2021
    Annual accounts 20211,0 M €↓
  6. 2019
    Annual accounts 20191,4 M €↑
  7. 2015
    Annual accounts 2015-3,1 M €↓
  8. 2014
    Annual accounts 2014-3,0 M €↑
  9. 2012
    Annual accounts 2012-3,1 M €↓
  10. 2011
    Annual accounts 2011-852,0 k €↓
  11. 2010
    Annual accounts 2010741,7 k €
  12. 16/10/2001
    IncorporationPrivate limited company