Equity
€5.1m ▲ 29.7%
SOLAF has made a profit in every financial year since 2008.
SOLAF
Lifetime
18 annual accounts with figures on one time axis, 19 filings since 2007peak €1.4m (2021)
-not published
peak €2.3m (2025)
€2.3m▲ 86.0%
peak €5.1m (2025)
€5.1m▲ 29.7%
€12.7m▲ 18.2%
peak 26.1 FTE (2025)
26.1 FTE▲ 3.6%
Board6 names since 2021
1 directorMAN-ENGINE
Owners
Documentsfilings and deeds
25-06-202636 days before the deadline
2025financial year
Turnover from €131.9m to €178.8mResult from €1.2m to €2.3m1 statutory auditor appointed 22-09Dividend €1.2mEquity from €3.9m to €5.1mDebts from €10.8m to €12.7m
Key points
from the 2025 annual accountsResult
€2.3m ▲ 86.0%
The result rose in 2025 from €1.2m to €2.3m.
Debts
€12.7m 71% of the balance sheet
Financial debts 47%Suppliers 23%Taxes and wages 1%Other 29%
€5.5m of the debts are secured on the company's own assets. In 2022 that was €2.9m.
Investments
€1.0m 3.5 × depreciation
Green is investment, beige is depreciation.
Staff
30 employees on 31-12-2025
In 2025, 11 people joined and 6 left.
Filings
19 annual accounts since 2007
Four of the last ten came late. The 2023 accounts came latest: 82 days after the end of the period.
Checked score
88
Excellent
Financially stronger than 51% of small companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.3%▼ -0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.4%▲ +0.1 percentage points vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.6%▲ +0.1 percentage points vs 07-2026
09-2026: 0.8%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 0.2%▼ -0.6 percentage points vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.51, cash €1.1m
1 of the last 3 accounts late
lowers risk
Founded in 2007
Profit of €2.3m (financial year 2025)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 33% of them on solvency, 25% on liquidity, 53% on profitability and 92% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,609 companies had the same profile as SOLAF has now. Each dot stands for 7 companies, two years later.
96.8%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
That fits the bankruptcy probability of SOLAF itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,609 companies, not a prediction for SOLAF. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €450,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.51 (1.33 in 2024), above the usual 1.5. Short-term debt is 59.5% and cash 6.1% of total assets. However, 71.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 days early
2024
22 days early
2023
82 days late
2022
18 days late
2021
2 days early
2020
17 days early
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MAN-ENGINE 67%score 84equity €1.0m (2025) · 2025 annual accounts of MAN-ENGINE
Recent changes
Change of role: MAN-ENGINE, from bestuurder en/of gedelegeerd bestuurder to director
Issue of 100 shares · Permanent representative: Filipp SEVOSTIANOV · “Aankoop en verkoop, invoer en uitvoer en herstelling van nieuwe en tweedehandsvoertuigen, aankoop en verkoop…” (deed in Dutch) · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0889569677
1 statutory auditor appointed
Baker Tilly Bedrijfsrevisoren (statutory auditor) · Permanent representatives: MEYVAERT Steven and Filipp Sevostianov · General meeting of 30-06-2025 · Gazette deed
Registered office moved from Overijse to Puurs-Sint-Amands
New registered office: Schoonmansveld 1, 2870 Puurs-Sint-Amands · Previous registered office: Walravensbosstraat 200, 3090 Overijse · Permanent representative: Filipp Sevostioanov · General meeting of 19-07-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOLAF Puurs-Sint-Amands | €178.8m | 1.7% | 28.6% | 26.1 |
| AUTO MOTORS RENT Genappe | €90.0m | 2.9% | 17.7% | 17.7 |
| KRIS VERELLEN Geel | €59.1m | 3.8% | 63.6% | 42.6 |
| FMA Wijnegem | €44.4m | 3.8% | 32.9% | 21.2 |
| A&M QUC Genk | €68.4m | 1.8% | 0.1% | 17.2 |
| WESTON Aarschot | €192.1m | 0.3% | 28.3% | 18.3 |
| CARCONNEX Tienen | €126.4m | 1.6% | 48.7% | 11.8 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SOLAF: wholesale of cars and light vans (up to 3.5 tonnes) (NACE 46711). They are comparable in size and age: total assets between €11m and €39m, founded between 2001 and 2009.
Official details
Source: KBO- Status
- Active since 22-05-2007Normal situation
- Activity
- Wholesale of cars and light vans (up to 3.5 tonnes)NACE 46711and 1 other
- Joint committees
- 200Auxiliary committee for white-collar workers
- 112Garages · annual accounts 2025
- Establishment unit
- 2.283.133.3422870 Puurs-Sint-Amands, since 01-02-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- €17.9m▲ 21.2%
- Employeeson 31-12-2025
- 30▲ 20.0%
- Filing
- Filed on 25-06-2026, 36 days before the end of the filing period
Insights on SOLAF
SOLAF has existed since 2007. In 2015 the gross margin rose from €54,843 to €176,741 and staff from 0.4 to 0.6 full-time equivalents.
MAN-ENGINE holds 67% of the shares. In December 2022, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SOLAF
- What is the company number of SOLAF?
- The company number of SOLAF is 0889.569.677. The VAT number is the same number with BE in front: BE 0889.569.677.
- Where is SOLAF based?
- The registered office is at Schoonmansveld 1, 2870 Puurs-Sint-Amands.Company details
- What does SOLAF do?
- According to the KBO register, the main activity is wholesale of cars and light vans (up to 3.5 tonnes) (NACE 46711).
- What is the legal form of SOLAF?
- SOLAF is a public limited company (NV).
- When was SOLAF founded?
- SOLAF was founded on 22-05-2007.
- Is SOLAF still active?
- Yes, SOLAF is an active enterprise in the KBO register.
- How many employees does SOLAF have?
- SOLAF had an average of 26.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SOLAF fall under?
- In its 2025 annual accounts, SOLAF states joint committees 200 (Auxiliary committee for white-collar workers) and 112 (Garages).
- What is the turnover of SOLAF?
- The turnover of SOLAF was €178.8m in financial year 2025, according to the filed annual accounts.
- Is SOLAF profitable?
- In financial year 2025, SOLAF made a profit of €2.3m.
- Where can I find the annual accounts of SOLAF?
- SOLAF filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOLAF due?
- SOLAF must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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