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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

Overview

Lifetime

18 annual accounts with figures on one time axis, 19 filings since 2007
peak €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 accounts

Equity

€5.1m ▲ 29.7%

SOLAF has made a profit in every financial year since 2008.

Result

€2.3m ▲ 86.0%
€1.2m2024€2.3m2025

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
20212022202320242025

Green is investment, beige is depreciation.

Staff

30 employees on 31-12-2025
1210202111520221082023201720241162025

In 2025, 11 people joined and 6 left.

Filings

19 annual accounts since 2007
AprilJune31 JulyOctober2010201520202025

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 strength
Average

54+2equity 28.6% of total assets
27+2short-term debt 59.5% · cash 6.1%
66+5return on assets 13.0%

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
  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 2007
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 1.51, cash €1.1m
NBB · annual accounts
raises risk · 1 of the last 3 accounts late
NBB · filings
lowers risk · Profit of €2.3m (financial year 2025)
NBB · annual accounts
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 filings
Deviation 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 months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

ME
Director, Filipp SEVOSTIANOV, since 30-06-2023
BT
Auditor, MEYVAERT Steven
Board & ownership

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
All 39 events

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
-10%0%10%20%€50m€500m€5bnSOLAFEBIT margin

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
Company details

Annual accounts 2025

€178.8m▲ 35.6%
€2.3m▲ 86.0%
€5.1m▲ 29.7%
€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
Financials

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.

Financials

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

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

in €m

Position in the 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 Trend202520242023202220212020201920182017201620152014201320122011201020092008
Balance sheet: assets
20/58 17.9m14.7m11.4m7.0m5.6m5.1m3.1m2.9m1.9m1.7m987,501722,287624,794523,602328,643200,755144,28583,706
21/28 1.8m1.2m895,640522,296508,661263,619222,684124,955105,852113,909104,4569,95513,95816,63330,5289,9549,7244,775
21 --------7381,4762,2142,952------
22/27 1.8m1.2m894,165520,722507,187262,256222,321124,592104,751101,21295,7786,40213,47316,14830,4939,9199,6894,740
23 18,63853,92611,54815,10718,70120,0322,010--156312469694138207276--
24 900,996394,647417,754304,097255,620183,939172,352123,745103,69399,78693,9834,24010,87416,01030,2869,6439,6894,740
25 124,82824,389101,809140,709179,609-------------
26 746,770702,79242,59150,50753,25758,28547,9598471,0581,2701,4821,6931,905-----
27 --320,46410,301--------------
28 51,6101,4751,4751,5751,4751,36336336336311,2206,46460148548535353535
280/1 50,000-----------------
280 50,000-----------------
284/8 1,6101,4751,4751,575--------------
285/8 1,6101,4751,4751,575--------------
29/58 16.0m13.6m10.5m6.5m5.0m4.9m2.8m2.8m1.8m1.6m883,045712,331610,836506,969298,115190,801134,56178,931
3 10.0m8.4m5.0m4.6m3.0m3.0m1.9m2.1m1.5m1.2m476,227484,092384,221227,725143,030110,89021,79010,275
30/36 10.0m8.4m5.0m4.6m3.0m3.0m1.9m2.1m1.5m1.2m476,227484,092384,221227,725143,030110,89021,79010,275
34 9.0m8.4m4.7m4.2m--------------
36 950,717-244,636439,389--------------
40/41 4.7m3.7m2.8m1.7m1.0m1.2m844,484513,677229,615279,473250,506132,870170,096195,34193,73074,44877,03632,348
40 1.4m362,872244,411208,960127,071598,797399,30476,69061,52422,467131,67363,55029,00024,30412,468-43,2246,550
41 3.2m3.4m2.5m1.5m874,690568,771445,180436,987168,092257,006118,83269,320141,096171,03781,26274,44833,81225,798
54/58 1.1m1.4m2.7m218,3721.0m646,026120,504126,9185,98288,445156,31395,16356,10183,12859,1675,21635,69136,308
490/1 264,67223,53839,04418,38728,7798,59412,5494,4407,9213,970-2074197762,18824744-
Balance sheet: equity and liabilities
10/49 17.9m14.7m11.4m7.0m5.6m5.1m3.1m2.9m1.9m1.7m987,501722,287624,794523,602328,643200,755144,28583,706
10/15 5.1m3.9m3.0m1.9m1.5m1.1m727,948441,495325,258241,942151,58981,29368,76959,16434,91421,91416,50015,990
10/11 12,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,500
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 ------6,1006,1006,1006,1006,1006,1006,1006,1006,1006,1006,1006,100
13 1.0m1.2m1.3m799,890829,890673,590424,140151,86061,86031,8601,8601,8601,8601,8601,121471200174
130/1 1,8601,8601,8601,8601,8601,860------------
130 ------1,8601,8601,8601,8601,8601,8601,8601,8601,121471200174
1311 1,8601,8601,8601,8601,8601,860------------
132 538,453793,705851,700383,216451,030324,730135,280-----------
133 475,625414,814414,814414,814377,000347,000287,000150,00060,00030,000--------
14 4.1m2.7m1.7m1.1m680,424423,456291,308277,135250,898197,582137,22966,93354,40944,80421,2948,9443,8003,315
17/49 12.7m10.8m8.4m5.2m4.0m4.0m2.3m2.4m1.5m1.4m835,912640,994556,025464,438293,728178,841127,78567,717
17 1.9m460,141902,863948,5381.2m1.4m837,3971.0m877,011786,33423,349-------
170/4 440,62013,885448,193368,180613,251782,025228,228367,881266,780234,18123,349-------
172 64,55013,88528,01958,199--------------
173 376,070-420,175309,981--------------
178/9 1.4m446,256454,670580,358625,314630,496609,168643,656610,230552,153--------
42/48 10.6m10.2m7.4m4.2m2.8m2.6m1.5m1.4m657,462632,611806,579638,750543,812463,435292,878177,371126,93567,717
42 188,10828,671263,418253,293313,500254,057159,742170,37494,26979,84849,984---50,00050,00050,000-
43 5.6m7.1m5.2m2.8m1.9m1.6m1.1m1.1m251,216250,000125,000125,000125,000125,000125,10022,141--
430/8 5.5m6.8m5.1m2.7m1.8m1.6m1.1m1.1m251,216250,000125,000125,000125,000125,000125,10022,141--
439 100,722277,605152,828118,572120,000-------------
44 2.9m522,290266,473468,912192,856479,99192,45639,539192,09489,19762,78420,36442,42845,6249,94613,8483,382-
440/4 2.9m522,290266,473468,912192,856479,99192,45639,539192,09489,19762,78420,36442,42845,6249,94613,8483,382-
46 248,2291.2m955,39939,010---3,200-60,890--------
45 163,802146,382288,167227,540132,489118,93867,341111,24492,84179,26141,63716,8679,59617,46415,4905,6901,290-
450/3 1096847,88733,55629,40639,25114,97278,00866,31867,06438,94115,7618,11017,46415,4905,6901,290-
454/9 163,694146,314240,280193,984103,08379,68752,36933,23626,52312,1972,6951,1061,486-----
47/48 1.5m1.2m459,463399,979178,528104,946116,21447,38627,04273,415527,174476,519366,789275,34792,34385,69272,26367,717
492/3 273,557134,15428,90755,77035,09420,3643,3754,0207,52217,4165,9842,24412,2131,0048501,469850-
Income statement
70/76A 179.0m132.0m83.8m55.6m--------------
70 178.8m131.9m83.7m55.6m-------------964,766
71 -20,906-----------------
74 239,069157,44746,39612,764--------------
76A -------4,5861,502850-250-6,700----
9900 ----1.4m1.0m819,902431,290343,814286,193176,74154,84341,29558,87039,63024,49510,8387,979
60/66A 175.9m130.2m82.2m54.9m--------------
60/61 -----------------956,787
60 167.4m123.5m78.2m52.2m--------------
600/8 168.0m126.9m78.8m53.4m--------------
609 -595,285-3.5m-578,926-1.2m--------------
61 6.3m4.8m2.3m1.6m--------------
62 1.9m1.7m1.4m920,396681,390384,916294,189188,013140,78659,33625,75416,9596,562-----
630 293,362147,900138,630121,45978,22849,89638,08933,79436,10830,32626,7074,1335,5745,5038,3562,8557,3134,739
631/4 ---------31,000--------
640/8 51,11343,15146,93322,81931,00615,69513,9498,24612,24910,6344,8784,0702,29611,8422,0988,8211,014431
66A ---------1,016-484------
9901 3.1m1.8m1.6m783,860626,528582,895473,675201,237154,671153,881119,40129,68126,86341,52529,17712,8192,5102,809
75/76B 62,9345,2881,9624,0352,4795491,0588,7232,2131,61628673300211582150
75 62,9345,2881,9624,0352,4795491,0584,1382,2131,61628673300211582150
750 48,1453,106----------------
752/9 14,7892,1831,9624,035--------------
76B -------4,586----------
65/66B 390,130383,226272,163128,42999,19071,00066,28340,73916,31117,07212,0869,34110,8477,9926,391889206155
65 390,130383,226272,163128,42999,19071,00066,28340,73916,31117,07212,0869,34110,8477,9926,391889206155
650 344,742341,071241,051111,367--------------
652/9 45,38942,15531,11217,062--------------
9903 2.8m1.5m1.3m659,466529,817512,444408,450169,222140,573138,426107,60120,17916,31540,25422,80111,9382,3252,705
67/77 456,396212,571225,75494,92486,549130,847121,99752,98557,25848,07237,3057,6556,71116,0049,8016,5231,8154
670/3 461,431212,571229,00099,001--------------
77 5,035-3,2464,077--------------
9904 2.3m1.2m1.1m564,542443,268381,597286,453116,23783,31690,35470,29612,5249,60424,25013,0005,4145102,701
789 194,44157,99536,71767,814--------------
689 --505,200-126,300189,450135,280-----------
9905 2.5m1.3m639,699632,356316,968192,147151,173116,23783,31690,35470,29612,5249,60424,25013,0005,4145102,701
Appropriation of the result
9906 5.2m3.0m1.7m1.3m740,424483,456428,308367,135280,898227,582137,22966,93354,40945,54321,9449,2143,8263,450
14P 2.7m1.7m1.1m680,424423,456-------------
791/2 ---30,00030,000-------------
792 ---30,000--------------
691/2 ---67,81460,00060,000137,00090,00030,00030,000---73965027126135
6920 -------------73965027126135
6921 ---67,81460,00060,000137,00090,00030,00030,000--------
694/7 1.2m300,000-200,00030,000-------------
694 1.2m300,000-200,00030,000-------------
Social balance sheet
9087 26.125.220.916.513.810.673.93.31.50.60.40.4-----
Men (FTE)1003 15.313.912.69.9--------------
Women (FTE)1003 10.811.38.36.6--------------
Hours worked1013 42,78241,64536,07327,12023,82414,85311,9596,9045,5263,0871,227725276-----
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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.

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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

Year Entries AwardedPaid
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
Line Trend202520242023202220212020201920182017201620152014201320122011201020092008
3.4m2.0m1.7m905,320704,756632,792511,764235,030190,779184,208146,10833,81432,43647,02837,53215,6749,8247,548
2.6m1.4m1.2m686,002521,496431,494324,543150,031119,424120,68097,00316,65715,17829,75321,3568,2707,8247,440
1.1m677,439679,836167,263469,445115,498171,59474,86453,90975,697121,2083,8062,89813,34137,37812,16912,26235
-273,398-1.3m2.4m-790,722363,067525,523-6,414120,936-82,464-67,86761,15039,062-27,02723,96153,951-30,475-617-
5.4m3.4m3.0m2.4m2.3m2.3m1.3m1.3m1.1m931,78376,46673,58167,02443,5355,23613,4307,62611,214
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%
1.511.331.411.571.831.881.911.942.682.471.091.121.121.091.021.081.061.17
0.570.500.740.460.740.710.660.450.370.590.500.360.420.600.530.450.891.01
2.492.732.792.732.653.613.205.524.745.945.517.898.097.858.418.167.744.24
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%
9.865.837.238.137.11-------------
3 days1 day1 day1 day-------------2 days
6 days1 day1 day3 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

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date3025222014
full-time2422211813
part-time63121
in full-time equivalents28.724.421.819.613.5
26.125.220.916.513.8
On a permanent contract3025212014
Joined1120101112
Left6178510

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

Securities and guarantees

on own assets and for others
Item20252024202320222021
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
Item20252024202320222021
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.

Item20252024202320222021
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.

Board & ownership

Board

1 director, 1 auditor, last change in April 2026
Director, permanent representative Filipp SEVOSTIANOV
since 30-06-2023 term without a fixed end
earlier bestuurder en/of gedelegeerd bestuurder, until 30-04-2026
listed in the 2025 annual accounts, filed on 25-06-2026
Statutory auditor, permanent representative MEYVAERT Steven
since 30-06-2025 term of 3 financial years from 2025
listed in the 2025 annual accounts, filed on 25-06-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 19. Vertegenwoordiging van de vennootschap 1. Indien de vennootschap wordt bestuurd door een raad van bestuur dan zijn alle akten…”
deed of 30-04-2026
Permanent representatives 1
Permanent representative, for MAN-ENGINE
appointed by deed of 30-04-2026

Office holders in the KBO →

Mandates through the years

6 names, the dashed line is today
MAN-ENGINE
Director
VRC BEDRIJFSREVISOREN
Statutory auditor
SEVASTSYANAU Artur
Director (not named in the articles)
SEVASTSYANAVA Olga
Director (not named in the articles)
Filipp SEVOSTIANOV
Director (not named in the articles)
BoardEarlierRest of the termmandate already running before its first mention
Mandates as a list
  • MAN-ENGINE
    • Director, since before 31-12-2021
    • Bestuurder en/of gedelegeerd bestuurder, until 30-04-2026
  • Baker Tilly Bedrijfsrevisoren
    • Statutory auditor, from 30-06-2025 to date
  • VRC BEDRIJFSREVISOREN
    • Statutory auditor, appointed by deed of 15-12-2022, until 22-09-2025
  • SEVASTSYANAU Artur
    • Director (not named in the articles), from before 31-12-2021 to 18-07-2024
    • Manager, until 29-12-2022
  • SEVASTSYANAVA Olga
    • Director (not named in the articles), from before 31-12-2021 to 18-07-2024
    • Manager, until 29-12-2022
  • Filipp SEVOSTIANOV
    • Director (not named in the articles), from before 31-12-2021 to 30-06-2023
    • Manager, until 29-12-2022

See the board, name and registered office on a given date →

Control

Parent
Equity €1.0m
Profit €1.5m in 2025 (profit €203,809 in 2024)
Checked score 84
67%
This company
SOLAF
Equity €5.1m
Profit €2.3m in 2025

Capital

Capital
€61,500
Shares
12,500 in the 2025 annual accounts
Contribution per share
€4.92
Equity per share
€409 in 2025
Source
deed of 30-04-2026

Articles of association

deed of 30-04-2026 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Ten hoogste zes (6) jaar, enige bestuurder wordt benoemd voor bepaalde of onbepaalde termijn”
“Algemene vergadering kan het mandaat van elke bestuurder te allen tijde en zonder opgave van redenen met onmiddellijke ingang beëindigen…”
“Wanneer de plaats van een bestuurder openvalt vóór het einde van zijn mandaat, hebben de overblijvende bestuurders het recht een nieuwe…”
“Schriftelijk, ten laatste vijf volle dagen vóór de vergadering, behoudens in geval van hoogdringendheid, De raad van bestuur wordt…”
“Bij staking van stemmen wordt het voorstel verworpen, Elke bestuurder kan aan één van zijn collega’s volmacht verlenen om hem te…”
“De besluiten van de raad van bestuur worden weergegeven in de notulen, die worden ondertekend door de voorzitter van de vergadering en…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of May at 11:00

Capital transactions

Capital over time
  1. 30-04-2026 Capital stated in the deed · €61,500
  2. 29-12-2022 Converted to unavailable equity · €14,360

Network & group

Group

MAN-ENGINE has 1 direct subsidiary (2025 accounts), the bar shows equity in euros
ParentMAN-ENGINE1 holding, 1 country 2025 accounts

Belgium 1 Equity Result

  • BE Solaf67% €5.1m result €2.3m

Source: list of holdings in the 2025 accounts of MAN-ENGINE. Every holding stands with its own latest accounts.

At the same address

Schoonmansveld 1, 2870 Puurs-Sint-Amands · 5 other companies
Foresco BE
establishment since 01-05-2025 · founded in 1989 · group FORESCO
455 FTE (2025)
0439.243.813
NEOVIA LOGISTICS SERVICES INTERNATIONAL
registered office since 25-10-1999 · founded in 1994
189 FTE (2025)
0452.246.959
Wheel Pros Belgium
registered office since 01-05-2022 · founded in 2021 · accounts filed late
6 FTE (2024)
0775.850.045
GROEP NEOVIA
registered office since 01-10-2013
founded in 2013
0538.473.922
NEOVIA LOGISTICS SERVICES LLC
establishment since 29-08-1990
founded in 1990
0441.336.142

Connections & network

1 current director
Depth

The network lets you explore the ties of SOLAF.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

39 events since 2007

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 36 days before the deadline
Change of role: MAN-ENGINE, from bestuurder en/of gedelegeerd bestuurder to directorIssue 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)11 points ▸
  • Legal-form conversion, from private limited company to public limited company, mentioned twice in the deed
  • Net-asset statement, 31-12-2025
  • Share issue, 100, 1:1
  • Accounting effect, 01-01-2026
  • Auditor report, 24-03-2026
  • Capital, €61,500
  • Director resignation, MAN-ENGINE (bestuurder en/of gedelegeerd bestuurder)
  • Power of attorney, Tom VERHAEGEN
  • Power of attorney, Johan Busschaert
  • Director appointment, MAN-ENGINE
  • Permanent representative, Filipp SEVOSTIANOV
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

Registered in the Peppol Directory Reachable for e-invoices through 0208:0889569677
2025
Highest result from 2008 to 2025 net €2.3m ▲86% The operating result of €3.1m and the net result of €2.3m are both a record.
Equity above €5m equity €5.1m ▲29.7% With a profit in every financial year since 2008, equity grows to €5.1m.
1 statutory auditor appointedBaker Tilly Bedrijfsrevisoren (statutory auditor) · Permanent representatives: MEYVAERT Steven and Filipp Sevostianov · General meeting of 30-06-20254 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFfull format · 22 days before the deadline
2024
Annual accounts 2023 filed PDFfull format · 82 days late
Registered office moved from Overijse to Puurs-Sint-AmandsNew registered office: Schoonmansveld 1, 2870 Puurs-Sint-Amands · Previous registered office: Walravensbosstraat 200, 3090 Overijse · Permanent representative: Filipp Sevostioanov · General meeting of 19-07-20244 points ▸
  • General meeting, 19-07-2024
  • Registered-office move, Schoonmansveld 1, 2870 Puurs-Sint-Amands
  • Permanent representative, Filipp Sevostioanov
  • Power of attorney, MAN-ENGINE BV

Open the deed in the Belgian Official Gazette

2 directors resigning, 1 reappointmentResignations: SEVASTSYANAVA Olga and SEVASTSYANAU Artur · Reappointment: MAN-ENGINE · Director discharge: SEVASTSYANAVA Olga · General meeting of 16-07-20247 points ▸

Open the deed in the Belgian Official Gazette

2023
Equity above €2m equity €3.0m ▲58.7% With a profit in every financial year since 2008, equity grows to €3.0m.
1 director appointed, 1 resignationResignation: Filipp SEVOSTIANOV · Appointment: MAN-ENGINE · Permanent representative: Filipp SEVOSTIANOV · General meeting of 30-06-20234 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFfull format · 18 days late
2022
Changes of role: SEVASTSYANAVA Olga, SEVASTSYANAU Artur and SEVOSTIANOV Filipp“Handel via internet of post voor verkoop of aankoop van goederen,voertuigen en transportmiddelen…” (deed in Dutch) · General meeting of 08-07-202210 points ▸
  • General meeting, 08-07-2022
  • Purpose change, “Handel via internet of post voor verkoop of aankoop van goederen,voertuigen en transportmiddelen; Ontwikkeling,verkoop en in licentie geven van software…” (deed in Dutch)
  • Capital, €14,360
  • Director resignation, SEVASTSYANAVA Olga (manager)
  • Director resignation, SEVASTSYANAU Artur (manager)
  • Director resignation, SEVOSTIANOV Filipp (manager)
  • Director appointment, SEVASTSYANAVA Olga (director (not named in the articles))
  • Director appointment, SEVASTSYANAU Artur (director (not named in the articles))
  • Director appointment, SEVOSTIANOV Filipp (director (not named in the articles))
  • Registered office clause, Walravensbosstraat 200, 3090 Overijse
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

Appointment: VRC Bedrijfsrevisoren (statutory auditor)General meeting of 14-10-20222 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFabbreviated format · 2 days before the deadline
2021
Annual accounts 2020 filed PDFabbreviated format · 17 days before the deadline
2020
Equity above €1m equity €1.1m ▲52.4% With a profit in every financial year since 2008, equity grows to €1.1m.
Annual accounts 2019 filed PDFabbreviated format · 31 days late
Registered office moved from Tervuren to OverijseNew registered office: Walravensbosstraat 200, 3090 Overijse · Previous registered office: Zwaluwenlaan 32, 3080 Tervuren · Board meeting of 10-01-20202 points ▸
  • Board meeting, 10-01-2020
  • Registered-office move, Walravensbosstraat 200, 3090 Overijse

Open the deed in the Belgian Official Gazette

2019
Equity above €500,000 equity €727,948 ▲64.9% With a profit in every financial year since 2008, equity grows to €727,948.
Annual accounts 2018 filed PDFabbreviated format · 29 days late
2018
Annual accounts 2017 filed PDFabbreviated format · 36 days before the deadline
First establishment Schoonmansveld 1, Puurs-Sint-Amands
2017
Annual accounts 2016 filed PDFabbreviated format · 31 days before the deadline
2016
Liquidity more than doubled current ratio 2.47 The current ratio rises from 1.09 to 2.47. Short-term debt falls from €806,579 to €632,611.
Equity above €200,000 equity €241,942 ▲59.6% With a profit in every financial year since 2008, equity grows to €241,942.
Annual accounts 2015 filed PDFabbreviated format · 62 days before the deadline
2015
Equity above €150,000 equity €151,589 ▲86.5% With a profit in every financial year since 2008, equity grows to €151,589.
Annual accounts 2014 filed PDFabbreviated format · 56 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 9 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 23 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 63 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 46 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 3 days before the deadline
2009
Weakest financial year net €510 ▼81.1% The net result drops to €510, the lowest from 2008 to 2025. It recovers the following year.
Annual accounts 2008 filed PDFabbreviated format · 60 days before the deadline
2008
Annual accounts 2007 filed PDFfull format · 6 days before the deadline
2007
Incorporation PDFpublished on 31-05-2007

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

SOLAF was incorporated on 22 May 2007.1 The registered office moved to Overijse in 2020 and to Puurs-Sint-Amands in 2024.23 Turnover grew from €55.6m in 2022 to €178.8m in 2025 and headcount from 3.9 full-time equivalents in 2018 to 26.1 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 05-05-2020
  3. 3Belgian Official Gazette, 27-09-2024
  4. 4National Bank, annual accounts 2018, 2022 and 2025

Company details

Identity

Enterprise number
0889.569.677
VAT number
BE 0889.569.677
Peppol ID
0208:0889569677
Legal form
Public limited company
Status
Active, normal situation
Founded
22-05-2007
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of May at 11:00
deed of 30-04-2026 (in Dutch)
Peppol
Reachable since 27-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
SOLAF in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 30-04-2026 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 30-04-2026 (in Dutch)

Activities

NACEBEL 2025
VAT activities
Social security (RSZ) activities
Joint committees annual accounts 2025
JC 200 Auxiliary committee for white-collar workers
JC 112 Garages
Codes under NACEBEL 2008
VAT activities
45111 main activity
45113
Social security (RSZ) activities
45111 main activity
Codes under NACEBEL 2003
50101 main activity
50103
PurposeThe purpose describes the activities the company may carry out under its articles.
“Aankoop en verkoop, invoer en uitvoer en herstelling van nieuwe en tweedehandsvoertuigen, aankoop en verkoop van wisselstukken…”
10 activities
  1. Aankoop en verkoop, invoer en uitvoer en herstelling van nieuwe en tweedehandsvoertuigen, aankoop en verkoop van wisselstukken, dienstverlening inzake boekhouding, uitvoer van Belgische goederen, uitbating van winkelruimten, inrichting en uitbating van vervoerdiensten, alles in de ruimste zin
  2. Handel via internet of post voor verkoop of aankoop van goederen, voertuigen en transportmiddelen
  3. Ontwikkeling, verkoop en in licentie geven van software
  4. Transport van goederen en voertuigen
  5. De verhuur en lease van voertuigen, met inbegrip van full service leasing
  6. De bemiddeling in kredieten en verzekeringen
  7. De consignatie van voertuigen
  8. De organisatie van veilingen van roerende goederen
  9. Adviesverlening en consultancy
  10. De verkoop en levering van andere goederen en diensten
deed of 30-04-2026 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Schoonmansveld 1 registered office 2870 Puurs-Sint-Amands 01-02-2018 2.283.133.342
2 former offices
  • Walravensbosstraat 200, 3090 Overijse until 01-08-2024 · deed of 27-09-2024
  • Zwaluwenlaan 32, 3080 Tervuren until 01-01-2020 · deed of 05-05-2020

Buildings and parcels at the address

Ground area
8.5 ha
Buildings
3.5 ha
Volume, LiDAR
315,754 m³
Tallest building
11.0 m
Buildings to scale, each on its own parcel
3.5 ha, 11.0 m 3.5 ha, 11.0 m

Location

registered office establishment The establishment unit on the map
6 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
12032C0447/00P0008.5 ha 1 · 3.5 ha 11.0 m · 3