Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 10.9 to 9.3.
Financials
Financial year 2024
SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO from Liège, company number BE0404237107, closed financial year 2024 with a result of € 1 million after tax. For that financial year SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO recorded a gross margin of € 1.5 million and equity of € 12.6 million. Compared with financial year 2023, the result moved from € 81,809 to € 1 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 1, 2025.
€ 12.6 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1 million
▲ € 930,008 vs 2023
Profit after tax over the fiscal year.
€ 1.6 million
▼ 45% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 999,999 paid out
99 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
9.3
▼ 1.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 453,941
▼ 25% vs 2023
€ 48,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 249,627
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 539,046
▼ 8% vs 2023
€ 46,313 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 119,547
▼ 36% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 511,559
▲ 76% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,130,490 | € 982,782 | € 1,047,968 | € 1,481,688 | ▲ 41% |
| Profit after taxes | € 54,153 | € 127,044 | € 81,809 | € 1,011,817 | ▲ € 930,008 |
| Equity | € 12,341,089 | € 12,468,133 | € 12,549,942 | € 12,561,760 | |
| Total debts | € 9,659,793 | € 13,213,981 | € 14,175,036 | € 2,892,292 | ▼ 80% |
| Cash | € 4,272,453 | € 2,935,239 | € 2,968,040 | € 1,642,364 | ▼ 45% |
| Land & buildings | € 1,054,096 | € 1,054,056 | € 1,082,650 | € 1,081,591 | |
| Retained profit | € 8,521,016 | € 8,648,060 | € 8,729,870 | € 8,741,688 | |
| Dividend | € 0 | € 0 | € 0 | € 999,999 | |
| Bank debt | € 4,869,486 | € 2,254,480 | € 584,697 | € 539,046 | ▼ 8% |
| Balance sheet total | € 22,000,881 | € 25,682,114 | € 26,724,978 | € 15,454,052 | ▼ 42% |
| Employees (FTE) | 10.5 | 10.9 | 10.8 | 9.3 | ▼ 1.5 |
Key figures of SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO?
What happened at SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jean-Christophe SINCLAIR stepped down as director. NBB
- EVELYN DEMARCHE stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 1 million (▲ € 930,008 vs 2023). filed late Source: NBB ↗
- Jean-Christophe SINCLAIR became a director. NBB
- EVELYN DEMARCHE became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Liège. KBO
In short
From € 54,153 profit in 2021 to € 1 million profit in 2024.
Paid € 438,186 in corporate taxes since 2021.
Best year ever: 2024, with € 1 million profit.
On average € 159,300 of value added per employee in 2024.
Management
It owns 100% of ELDE S.A., 99% of CODIMO, 50% of LOUVREX 133, 50% of LIEGE PROMOTION, 33.3% of PICTURAE ONE and 33.3% of SART TILMAN PROPERTIES itself.
Directors
According to the 2024 annual accounts
Jean-Christophe SINCLAIR
Managing director
Also active at: Elde, COMPAGNIE DE DEVELOPPEMENT IMMOBILIER, Foncière du Pré Aily, SART-TILMAN PROPERTIES, PICTURAE ONE
since 2023 · until 2029
EVELYN DEMARCHE
Director
Also active at: Elde, COMPAGNIE DE DEVELOPPEMENT IMMOBILIER, PARKING OPERA, IMMODEM, DEM - IMMO, Foncière du Pré Aily, SART-TILMAN PROPERTIES, PICTURAE ONE +1 more
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Boulevard d'Avroy 19
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Société belge immobilière et de Lotissements same network
€ 88,866 gross margin · 2025
Elde same network
€ 389,275 gross margin · 2025
COMPAGNIE DE DEVELOPPEMENT IMMOBILIER same network
€ 59,116 gross margin · 2025
IMMODEM same network
€ 216,632 gross margin · 2025
SART-TILMAN PROPERTIES same network
€ 2,244 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0404.237.107
- VAT number
- BE 0404.237.107
- Registered office
- Boulevard d'Avroy 19, 4000 Liège
- Names & denominations
- SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 April 1955
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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