SOLAF

Active Public limited companyfounded 2007active for 19 yearsSchoonmansveld 1, 2870 Puurs-Sint-AmandsKBO/BCE: BE 0889.569.677 subsidiary of MAN-ENGINE#4 company by staff growth in Puurs-Sint-Amands

SOLAF

Financial year 2025

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Annual accounts 2025

full format, filed on 25-06-2026, 36 days before the deadline

€178.8m

▲ 35.6%

€3.1m

▲ 68.9%

€3.4m

▲ 71.1%

€2.6m

▲ 87.3%

28.6%

▲ 1.9 percentage points

1.51

▲ 0.18

In the rankings #4 company by staff growth in Puurs-Sint-Amands #7 company by total assets in Puurs-Sint-Amands, Wholesale and retail trade sector #9 company by equity in Puurs-Sint-Amands, Wholesale and retail trade sector

Money flows

of every €100 of turnover, €1.30 remains as profit in 2025

Balance sheet

balance sheet total €17.9m on 31-12-2025

What the company ownsHow it is paid for

in €m

Position in the sector

Compare with sector

28.6%

Higher than 32% of 6,192 companies in 2025.

1.51

Higher than 40% of 6,112 companies in 2025.

13.0%

Higher than 85% of 6,176 companies in 2025.

SOLAF Middle half of the sector 80% of the sector Full accounts in wholesale trade (NACE 46)

Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half

Staff

Men and women41% women

15.3 men and 10.8 women in full-time equivalents in 2025.

€73,022

Men €75,255, women €69,859 per full-time equivalent. Jobs differ, so this is not a pay gap.

+5 people

people who joined people who left

In 2025, 11 people joined and 6 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Balance sheet: assets
`20/58`	17.9m	14.7m	11.4m	7.0m	5.6m	5.1m	3.1m	2.9m	1.9m	1.7m	987,501	722,287	624,794	523,602	328,643	200,755	144,285	83,706
`21/28`	1.8m	1.2m	895,640	522,296	508,661	263,619	222,684	124,955	105,852	113,909	104,456	9,955	13,958	16,633	30,528	9,954	9,724	4,775
`21`	-	-	-	-	-	-	-	-	738	1,476	2,214	2,952	-	-	-	-	-	-
`22/27`	1.8m	1.2m	894,165	520,722	507,187	262,256	222,321	124,592	104,751	101,212	95,778	6,402	13,473	16,148	30,493	9,919	9,689	4,740
`23`	18,638	53,926	11,548	15,107	18,701	20,032	2,010	-	-	156	312	469	694	138	207	276	-	-
`24`	900,996	394,647	417,754	304,097	255,620	183,939	172,352	123,745	103,693	99,786	93,983	4,240	10,874	16,010	30,286	9,643	9,689	4,740
`25`	124,828	24,389	101,809	140,709	179,609	-	-	-	-	-	-	-	-	-	-	-	-	-
`26`	746,770	702,792	42,591	50,507	53,257	58,285	47,959	847	1,058	1,270	1,482	1,693	1,905	-	-	-	-	-
`27`	-	-	320,464	10,301	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`28`	51,610	1,475	1,475	1,575	1,475	1,363	363	363	363	11,220	6,464	601	485	485	35	35	35	35
`280/1`	50,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`280`	50,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`284/8`	1,610	1,475	1,475	1,575	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`285/8`	1,610	1,475	1,475	1,575	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`29/58`	16.0m	13.6m	10.5m	6.5m	5.0m	4.9m	2.8m	2.8m	1.8m	1.6m	883,045	712,331	610,836	506,969	298,115	190,801	134,561	78,931
`3`	10.0m	8.4m	5.0m	4.6m	3.0m	3.0m	1.9m	2.1m	1.5m	1.2m	476,227	484,092	384,221	227,725	143,030	110,890	21,790	10,275
`30/36`	10.0m	8.4m	5.0m	4.6m	3.0m	3.0m	1.9m	2.1m	1.5m	1.2m	476,227	484,092	384,221	227,725	143,030	110,890	21,790	10,275
`34`	9.0m	8.4m	4.7m	4.2m	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`36`	950,717	-	244,636	439,389	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`40/41`	4.7m	3.7m	2.8m	1.7m	1.0m	1.2m	844,484	513,677	229,615	279,473	250,506	132,870	170,096	195,341	93,730	74,448	77,036	32,348
`40`	1.4m	362,872	244,411	208,960	127,071	598,797	399,304	76,690	61,524	22,467	131,673	63,550	29,000	24,304	12,468	-	43,224	6,550
`41`	3.2m	3.4m	2.5m	1.5m	874,690	568,771	445,180	436,987	168,092	257,006	118,832	69,320	141,096	171,037	81,262	74,448	33,812	25,798
`54/58`	1.1m	1.4m	2.7m	218,372	1.0m	646,026	120,504	126,918	5,982	88,445	156,313	95,163	56,101	83,128	59,167	5,216	35,691	36,308
`490/1`	264,672	23,538	39,044	18,387	28,779	8,594	12,549	4,440	7,921	3,970	-	207	419	776	2,188	247	44	-
Balance sheet: equity and liabilities
`10/49`	17.9m	14.7m	11.4m	7.0m	5.6m	5.1m	3.1m	2.9m	1.9m	1.7m	987,501	722,287	624,794	523,602	328,643	200,755	144,285	83,706
`10/15`	5.1m	3.9m	3.0m	1.9m	1.5m	1.1m	727,948	441,495	325,258	241,942	151,589	81,293	68,769	59,164	34,914	21,914	16,500	15,990
`10/11`	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500
`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	-	6,100	6,100	6,100	6,100	6,100	6,100	6,100	6,100	6,100	6,100	6,100	6,100
`13`	1.0m	1.2m	1.3m	799,890	829,890	673,590	424,140	151,860	61,860	31,860	1,860	1,860	1,860	1,860	1,121	471	200	174
`130/1`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,121	471	200	174
`1311`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-
`132`	538,453	793,705	851,700	383,216	451,030	324,730	135,280	-	-	-	-	-	-	-	-	-	-	-
`133`	475,625	414,814	414,814	414,814	377,000	347,000	287,000	150,000	60,000	30,000	-	-	-	-	-	-	-	-
`14`	4.1m	2.7m	1.7m	1.1m	680,424	423,456	291,308	277,135	250,898	197,582	137,229	66,933	54,409	44,804	21,294	8,944	3,800	3,315
`17/49`	12.7m	10.8m	8.4m	5.2m	4.0m	4.0m	2.3m	2.4m	1.5m	1.4m	835,912	640,994	556,025	464,438	293,728	178,841	127,785	67,717
`17`	1.9m	460,141	902,863	948,538	1.2m	1.4m	837,397	1.0m	877,011	786,334	23,349	-	-	-	-	-	-	-
`170/4`	440,620	13,885	448,193	368,180	613,251	782,025	228,228	367,881	266,780	234,181	23,349	-	-	-	-	-	-	-
`172`	64,550	13,885	28,019	58,199	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`173`	376,070	-	420,175	309,981	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`178/9`	1.4m	446,256	454,670	580,358	625,314	630,496	609,168	643,656	610,230	552,153	-	-	-	-	-	-	-	-
`42/48`	10.6m	10.2m	7.4m	4.2m	2.8m	2.6m	1.5m	1.4m	657,462	632,611	806,579	638,750	543,812	463,435	292,878	177,371	126,935	67,717
`42`	188,108	28,671	263,418	253,293	313,500	254,057	159,742	170,374	94,269	79,848	49,984	-	-	-	50,000	50,000	50,000	-
`43`	5.6m	7.1m	5.2m	2.8m	1.9m	1.6m	1.1m	1.1m	251,216	250,000	125,000	125,000	125,000	125,000	125,100	22,141	-	-
`430/8`	5.5m	6.8m	5.1m	2.7m	1.8m	1.6m	1.1m	1.1m	251,216	250,000	125,000	125,000	125,000	125,000	125,100	22,141	-	-
`439`	100,722	277,605	152,828	118,572	120,000	-	-	-	-	-	-	-	-	-	-	-	-	-
`44`	2.9m	522,290	266,473	468,912	192,856	479,991	92,456	39,539	192,094	89,197	62,784	20,364	42,428	45,624	9,946	13,848	3,382	-
`440/4`	2.9m	522,290	266,473	468,912	192,856	479,991	92,456	39,539	192,094	89,197	62,784	20,364	42,428	45,624	9,946	13,848	3,382	-
`46`	248,229	1.2m	955,399	39,010	-	-	-	3,200	-	60,890	-	-	-	-	-	-	-	-
`45`	163,802	146,382	288,167	227,540	132,489	118,938	67,341	111,244	92,841	79,261	41,637	16,867	9,596	17,464	15,490	5,690	1,290	-
`450/3`	109	68	47,887	33,556	29,406	39,251	14,972	78,008	66,318	67,064	38,941	15,761	8,110	17,464	15,490	5,690	1,290	-
`454/9`	163,694	146,314	240,280	193,984	103,083	79,687	52,369	33,236	26,523	12,197	2,695	1,106	1,486	-	-	-	-	-
`47/48`	1.5m	1.2m	459,463	399,979	178,528	104,946	116,214	47,386	27,042	73,415	527,174	476,519	366,789	275,347	92,343	85,692	72,263	67,717
`492/3`	273,557	134,154	28,907	55,770	35,094	20,364	3,375	4,020	7,522	17,416	5,984	2,244	12,213	1,004	850	1,469	850	-
Income statement
`70/76A`	179.0m	132.0m	83.8m	55.6m	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`70`	178.8m	131.9m	83.7m	55.6m	-	-	-	-	-	-	-	-	-	-	-	-	-	964,766
`71`	-20,906	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`74`	239,069	157,447	46,396	12,764	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`76A`	-	-	-	-	-	-	-	4,586	1,502	850	-	250	-	6,700	-	-	-	-
`9900`	-	-	-	-	1.4m	1.0m	819,902	431,290	343,814	286,193	176,741	54,843	41,295	58,870	39,630	24,495	10,838	7,979
`60/66A`	175.9m	130.2m	82.2m	54.9m	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	956,787
`60`	167.4m	123.5m	78.2m	52.2m	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`600/8`	168.0m	126.9m	78.8m	53.4m	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`609`	-595,285	-3.5m	-578,926	-1.2m	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`61`	6.3m	4.8m	2.3m	1.6m	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`62`	1.9m	1.7m	1.4m	920,396	681,390	384,916	294,189	188,013	140,786	59,336	25,754	16,959	6,562	-	-	-	-	-
`630`	293,362	147,900	138,630	121,459	78,228	49,896	38,089	33,794	36,108	30,326	26,707	4,133	5,574	5,503	8,356	2,855	7,313	4,739
`631/4`	-	-	-	-	-	-	-	-	-	31,000	-	-	-	-	-	-	-	-
`640/8`	51,113	43,151	46,933	22,819	31,006	15,695	13,949	8,246	12,249	10,634	4,878	4,070	2,296	11,842	2,098	8,821	1,014	431
`66A`	-	-	-	-	-	-	-	-	-	1,016	-	484	-	-	-	-	-	-
`9901`	3.1m	1.8m	1.6m	783,860	626,528	582,895	473,675	201,237	154,671	153,881	119,401	29,681	26,863	41,525	29,177	12,819	2,510	2,809
`75/76B`	62,934	5,288	1,962	4,035	2,479	549	1,058	8,723	2,213	1,616	286	73	300	21	15	8	21	50
`75`	62,934	5,288	1,962	4,035	2,479	549	1,058	4,138	2,213	1,616	286	73	300	21	15	8	21	50
`750`	48,145	3,106	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`752/9`	14,789	2,183	1,962	4,035	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`76B`	-	-	-	-	-	-	-	4,586	-	-	-	-	-	-	-	-	-	-
`65/66B`	390,130	383,226	272,163	128,429	99,190	71,000	66,283	40,739	16,311	17,072	12,086	9,341	10,847	7,992	6,391	889	206	155
`65`	390,130	383,226	272,163	128,429	99,190	71,000	66,283	40,739	16,311	17,072	12,086	9,341	10,847	7,992	6,391	889	206	155
`650`	344,742	341,071	241,051	111,367	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`652/9`	45,389	42,155	31,112	17,062	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9903`	2.8m	1.5m	1.3m	659,466	529,817	512,444	408,450	169,222	140,573	138,426	107,601	20,179	16,315	40,254	22,801	11,938	2,325	2,705
`67/77`	456,396	212,571	225,754	94,924	86,549	130,847	121,997	52,985	57,258	48,072	37,305	7,655	6,711	16,004	9,801	6,523	1,815	4
`670/3`	461,431	212,571	229,000	99,001	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`77`	5,035	-	3,246	4,077	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9904`	2.3m	1.2m	1.1m	564,542	443,268	381,597	286,453	116,237	83,316	90,354	70,296	12,524	9,604	24,250	13,000	5,414	510	2,701
`789`	194,441	57,995	36,717	67,814	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`689`	-	-	505,200	-	126,300	189,450	135,280	-	-	-	-	-	-	-	-	-	-	-
`9905`	2.5m	1.3m	639,699	632,356	316,968	192,147	151,173	116,237	83,316	90,354	70,296	12,524	9,604	24,250	13,000	5,414	510	2,701
Appropriation of the result
`9906`	5.2m	3.0m	1.7m	1.3m	740,424	483,456	428,308	367,135	280,898	227,582	137,229	66,933	54,409	45,543	21,944	9,214	3,826	3,450
`14P`	2.7m	1.7m	1.1m	680,424	423,456	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	-	30,000	30,000	-	-	-	-	-	-	-	-	-	-	-	-	-
`792`	-	-	-	30,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	67,814	60,000	60,000	137,000	90,000	30,000	30,000	-	-	-	739	650	271	26	135
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	739	650	271	26	135
`6921`	-	-	-	67,814	60,000	60,000	137,000	90,000	30,000	30,000	-	-	-	-	-	-	-	-
`694/7`	1.2m	300,000	-	200,000	30,000	-	-	-	-	-	-	-	-	-	-	-	-	-
`694`	1.2m	300,000	-	200,000	30,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	26.1	25.2	20.9	16.5	13.8	10.6	7	3.9	3.3	1.5	0.6	0.4	0.4	-	-	-	-	-
Men (FTE)`1003`	15.3	13.9	12.6	9.9	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Women (FTE)`1003`	10.8	11.3	8.3	6.6	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hours worked`1013`	42,782	41,645	36,073	27,120	23,824	14,853	11,959	6,904	5,526	3,087	1,227	725	276	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for financial year 2007 were filed as a document without figures as data, a scan for example.

The notes to these accounts have 70 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 25-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	25-06-2026	2026-00197690	PDF
31-12-2024	full format	09-07-2025	2025-00248733	PDF
31-12-2023	full format	21-10-2024	2024-00511575	PDF
31-12-2022	full format	18-08-2023	2023-00334262	PDF
31-12-2021	abbreviated format	29-07-2022	2022-20275260	PDF
31-12-2020	abbreviated format	14-07-2021	2021-35500281	PDF
31-12-2019	abbreviated format	31-08-2020	2020-49900233	PDF
31-12-2018	abbreviated format	29-08-2019	2019-56900225	PDF
31-12-2017	abbreviated format	25-06-2018	2018-22600367	PDF
31-12-2016	abbreviated format	30-06-2017	2017-26100241	PDF
31-12-2015	abbreviated format	30-05-2016	2016-14000237	PDF
31-12-2014	abbreviated format	05-06-2015	2015-15300450	PDF
31-12-2013	abbreviated format	22-07-2014	2014-33400419	PDF
31-12-2012	abbreviated format	08-07-2013	2013-28500191	PDF
31-12-2011	abbreviated format	29-05-2012	2012-13700519	PDF
31-12-2010	abbreviated format	15-06-2011	2011-16800068	PDF
31-12-2009	abbreviated format	28-07-2010	2010-35700066	PDF
31-12-2008	abbreviated format	01-06-2009	2009-18500369	PDF
31-12-2007	full format	25-07-2008	2008-44900376	PDF

Subsidies and aid

Flemish government 2023 to 2025, 6 entries, €52,210 awarded, €51,833 paid

Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (discontinued)

€50,000

Vlaams opleidingsverlof (VOV)

€1,457

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€753

Year	Entries	Awarded	Paid
2025	3	€753	€25,376
2024	1	€0	€25,000
2023	2	€51,457	€1,457

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
3.4m	2.0m	1.7m	905,320	704,756	632,792	511,764	235,030	190,779	184,208	146,108	33,814	32,436	47,028	37,532	15,674	9,824	7,548
2.6m	1.4m	1.2m	686,002	521,496	431,494	324,543	150,031	119,424	120,680	97,003	16,657	15,178	29,753	21,356	8,270	7,824	7,440
1.1m	677,439	679,836	167,263	469,445	115,498	171,594	74,864	53,909	75,697	121,208	3,806	2,898	13,341	37,378	12,169	12,262	35
-273,398	-1.3m	2.4m	-790,722	363,067	525,523	-6,414	120,936	-82,464	-67,867	61,150	39,062	-27,027	23,961	53,951	-30,475	-617	-
5.4m	3.4m	3.0m	2.4m	2.3m	2.3m	1.3m	1.3m	1.1m	931,783	76,466	73,581	67,024	43,535	5,236	13,430	7,626	11,214
1.7%	1.4%	1.9%	1.4%	-	-	-	-	-	-	-	-	-	-	-	-	-	0.3%
28.6%	26.8%	26.4%	26.8%	27.4%	21.7%	23.8%	15.3%	17.4%	14.4%	15.4%	11.3%	11.0%	11.3%	10.6%	10.9%	11.4%	19.1%
1.51	1.33	1.41	1.57	1.83	1.88	1.91	1.94	2.68	2.47	1.09	1.12	1.12	1.09	1.02	1.08	1.06	1.17
0.57	0.50	0.74	0.46	0.74	0.71	0.66	0.45	0.37	0.59	0.50	0.36	0.42	0.60	0.53	0.45	0.89	1.01
2.49	2.73	2.79	2.73	2.65	3.61	3.20	5.52	4.74	5.94	5.51	7.89	8.09	7.85	8.41	8.16	7.74	4.24
45.4%	31.7%	37.0%	29.9%	29.1%	34.4%	39.4%	26.3%	25.6%	37.3%	46.4%	15.4%	14.0%	41.0%	37.2%	24.7%	3.1%	16.9%
13.0%	8.5%	9.8%	8.0%	8.0%	7.5%	9.4%	4.0%	4.5%	5.4%	7.1%	1.7%	1.5%	4.6%	4.0%	2.7%	0.4%	3.2%
9.86	5.83	7.23	8.13	7.11	-	-	-	-	-	-	-	-	-	-	-	-	-
3 days	1 day	1 day	1 day	-	-	-	-	-	-	-	-	-	-	-	-	-	2 days
6 days	1 day	1 day	3 days	-	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	30	25	22	20	14
full-time	24	22	21	18	13
part-time	6	3	1	2	1
in full-time equivalents	28.7	24.4	21.8	19.6	13.5
	26.1	25.2	20.9	16.5	13.8
On a permanent contract	30	25	21	20	14
Joined	11	20	10	11	12
Left	6	17	8	5	10

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	€5.5m	€6.8m	€5.6m	€2.9m	-
Debts guaranteed by Belgian public bodies	-	-	€5.1m	€2.2m	-
	€11.6m	€8.5m	€5.8m	€2.9m	-

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€1.0m	€677,439	€679,836	€167,263	€469,334
Financial fixed assets	€50,000	-	-	-	€112
	€293,362	€147,900	€138,630	€121,459	€78,228

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees

The auditor is Baker Tilly Bedrijfsrevisoren.

Item	2025	2024	2023	2022	2021
Fee for the audit	€10,010	€9,000	€8,853	€8,700	-
Other work by the auditor	€6,087	-	-	-	-

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Insights on SOLAF

The operating result for 2025 is 69% higher than in 2024 and the highest since 2008. It is the 12th rise in a row, after the fall in 2013.

Debt's share of the balance-sheet total falls from 73.2% to 71.4%. Equity and debt are higher.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency28.6%

Current ratio1.51

Return on assets13.0%

Staff

Men and women41% women

Staff cost per FTE€73,022

Joined and left+5 people

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2023 to 2025, 6 entries, €52,210 awarded, €51,833 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Auditor

Insights on SOLAF

Next steps

in €m

in €m

28.6%

1.51

13.0%

€73,022

+5 people