SOLAV
InactiveSOLAV was declared bankrupt on 02-11-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 04-02-2025, published in the Belgian State Gazette on 14-02-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 6 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline23-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-12-2021, 152 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
152 d late
2019
153 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Turnover
€214k
EBIT margin
6.1%
Net result
€-9k▼ 20.0%
2019 · €-7k
2018: €12k
2019: €-7k
2018 → 2020
Working capital
€-2k
2019 · €4k
2018: €11k
2019: €4k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€214k-
Equity€17k-€9k▼ 42.9%€7k▼ 24.8%
Operating result€13k-€-8k€-25k▼ 196%
Net result€12k-€-7k€-9k▼ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25k in 2020 against €8k in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €48k
Fixed assets
€18k▲ 19.0%
Current assets
€30k▲ 45.0%
Equity and liabilities €48k
Equity
€7k▼ 24.8%
Debt
€41k▲ 55.6%
The debt ratio rises from 73.3% to 85.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-21k▼
2019 · €-5k
Cash flow
€-5k▼
2019 · €-4k
Solvency
15.0%▼
2019 · 26.7%
Current ratio
0.95▼
2019 · 1.21
Quick ratio
0.82▼
2019 · 0.97
Debt / equity
1.26▲
2019 · 0.95
ROE
-119.7%▼
2019 · -75.0%
ROA
-17.9%▲
2019 · -20.0%
Debt
€41k▲
2019 · €26k
Debt ≤ 1 year
€32k▲
2019 · €17k
Debt > 1 year
€9k=
2019 · €9k
Income taxes
€0▼
2019 · €612
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€36k€48k▲
Formation expenses20€0€0=
Fixed assets21/28€15k€18k▲
Intangible fixed assets21€6k€5k▼
Tangible fixed assets22/27€5k€6k▲
Financial fixed assets28€4k€7k▲
Current assets29/58€21k€30k▲
Stocks and contracts in progress3€4k€4k=
Amounts receivable within one year40/41€5k€10k▲
Current investments50/53€0€0=
Cash at bank and in hand54/58€11k€16k▲
Equity and liabilities
Total equity and liabilities10/49€36k€48k▲
Equity10/15€9k€7k▼
Contributions10/11€12k-
Reserves13€2k€2k=
Profit (loss) carried forward14€-5k€-13k▼
Amounts payable17/49€26k€41k▲
Amounts payable after more than one year17€9k€9k=
Amounts payable within one year42/48€17k€32k▲
Trade debts44€12k€26k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Gross operating margin9900€55k€6k▼
Operating profit (loss)9901€-8k€-25k▼
Recurring financial income75€0€0=
Recurring financial charges65€251€149▼
Profit (loss) for the period before taxes9903€-7k€-9k▼
Income taxes67/77€612€0▼
Profit (loss) for the period9904€-7k€-9k▼
Profit (loss) for the period to be appropriated9905€-7k€-9k▼
Appropriation of the result
Return on contributions (dividend)694€0€0=
Timeline · acts, filings and financial milestones
2025
14-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · SOLAV KAPUCIJNENSTRAAT 2, 1000 BRUSSEL 1 · event 04-02-2025
2022
08-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · SOLAV KAPUCIJNENSTRAAT 2, 1000 BRUSSEL 1 · event 02-11-2022
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 152 days late
2020
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 140 days late
18-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 505 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEROEN PINOY STATIONSSTRAAT 117, 1840 LONDER-
ZEEL |
02-11-2022 → present |