SOLAVIA
ActiveSummary
SOLAVIA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111,791 and a net result of €18,588. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+5
Solvency75▲+11
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.1 in 2024; short-term debt: 22.5% and cash: 5.1% of total assets), and 50.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.9%
Return on assets
8.3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €111,791
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
59 d early
2023
41 d early
2022
49 d early
2021
76 d early
2020
47 d early
2019
74 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 51 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€111,791▲ 19.9%
2024 · €93,203
Total assets
€223,855▼ 5.9%
2024 · €238,007
Net result
€18,588▲ 82.6%
2024 · €10,182
Working capital
€15,378▲ 169%
2024 · €5,723
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€28,564▲ 6.3%€26,485▼ 7.3%€17,160▼ 35.2%€19,056▲ 11.0%€31,263▲ 64.1%
Net result€17,806▼ 5.5%€18,587▲ 4.4%€9,926▼ 46.6%€10,182▲ 2.6%€18,588▲ 82.6%
Equity€91,107▼ 41.5%€109,694▲ 20.4%€95,138▼ 13.3%€93,203▼ 2.0%€111,791▲ 19.9%
Total assets€294,681▼ 1.2%€208,995▼ 29.1%€224,715▲ 7.5%€238,007▲ 5.9%€223,855▼ 5.9%
Debt€203,575▲ 42.9%€99,301▼ 51.2%€129,577▲ 30.5%€144,804▲ 11.8%€112,064▼ 22.6%
Working capital€29,346▼ 70.3%€47,930▲ 63.3%€24,288▼ 49.3%€5,723▼ 76.4%€15,378▲ 169%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 64% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €223,855
Fixed assets
€158,008 ▼ 10.5%
Current assets
€65,847 ▲ 7.1%
Equity and liabilities €223,855
Equity
€111,791 ▲ 19.9%
Debt
€112,064 ▼ 22.6%
Debt's share of the balance-sheet total falls from 60.8% to 50.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,752▲
2024 · €37,282
Cash flow
€37,078▲
2024 · €28,407
Current ratio
1.30▲
2024 · 1.10
Debt to equity
1.00▼
2024 · 1.55
ROE
16.6%▲
2024 · 10.9%
ROA
8.3%▲
2024 · 4.3%
Interest coverage
10.06▲
2024 · 7.33
Debt ≤ 1 year
€50,469▼
2024 · €55,786
Debt > 1 year
€61,531▼
2024 · €88,716
Income taxes
€8,573▲
2024 · €5,109
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,476 | €13,854 | €8,415 | €18,225 | €18,490 | ▲ 1.5% |
| Other operating charges640/8 | €590 | €579 | €1,154 | €669 | €1,692 | ▲ 153% |
| Gross operating margin9900 | €42,630 | €40,918 | €26,730 | €37,950 | €51,444 | ▲ 35.6% |
| Operating profit (loss)9901 | €28,564 | €26,485 | €17,160 | €19,056 | €31,263 | ▲ 64.1% |
| Financial income75/76B | €3,304 | €3,642 | €1,193 | €1,321 | €843 | ▼ 36.2% |
| Recurring financial income75 | €3,304 | €3,642 | €1,193 | €1,321 | €843 | ▼ 36.2% |
| Financial charges65/66B | €2,856 | €2,222 | €3,198 | €5,087 | €4,944 | ▼ 2.8% |
| Recurring financial charges65 | €2,856 | €2,222 | €3,198 | €5,087 | €4,944 | ▼ 2.8% |
| Profit (loss) for the period before taxes9903 | €29,012 | €27,905 | €15,155 | €15,291 | €27,162 | ▲ 77.6% |
| Income taxes67/77 | €11,206 | €9,317 | €5,229 | €5,109 | €8,573 | ▲ 67.8% |
| Profit (loss) for the period9904 | €17,806 | €18,587 | €9,926 | €10,182 | €18,588 | ▲ 82.6% |
| Profit (loss) for the period to be appropriated9905 | €17,806 | €18,587 | €9,926 | €10,182 | €18,588 | ▲ 82.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €294,681 | €208,995 | €224,715 | €238,007 | €223,855 | ▼ 5.9% |
| Fixed assets21/28 | €143,938 | €131,804 | €143,074 | €176,498 | €158,008 | ▼ 10.5% |
| Tangible fixed assets22/27 | €143,582 | €131,448 | €142,718 | €176,142 | €157,652 | ▼ 10.5% |
| Land and buildings22 | €135,671 | €129,980 | €138,904 | €131,632 | €124,789 | ▼ 5.2% |
| Plant, machinery and equipment23 | €595 | €1,468 | €2,753 | €1,310 | €246 | ▼ 81.3% |
| Furniture and vehicles24 | €7,315 | €0 | €1,061 | €43,200 | €32,618 | ▼ 24.5% |
| Financial fixed assets28 | €356 | €356 | €356 | €356 | €356 | = |
| Current assets29/58 | €150,744 | €77,190 | €81,642 | €61,509 | €65,847 | ▲ 7.1% |
| Amounts receivable after more than one year29 | €88,100 | €9,732 | €9,732 | €9,732 | €9,732 | = |
| Other amounts receivable291 | €88,100 | €9,732 | €9,732 | €9,732 | €9,732 | = |
| Amounts receivable within one year40/41 | €16,695 | €26,901 | €45,512 | €29,862 | €25,538 | ▼ 14.5% |
| Trade receivables40 | €15,641 | €16,619 | €22,630 | €21,469 | €17,854 | ▼ 16.8% |
| Other amounts receivable41 | €1,054 | €10,282 | €22,881 | €8,393 | €7,684 | ▼ 8.4% |
| Current investments50/53 | €1,014 | €1,014 | €1,014 | €1,014 | €1,014 | = |
| Cash at bank and in hand54/58 | €34,123 | €25,379 | €8,841 | €5,329 | €11,366 | ▲ 113% |
| Deferred charges and accrued income490/1 | €10,812 | €14,164 | €16,543 | €15,572 | €18,197 | ▲ 16.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €294,681 | €208,995 | €224,715 | €238,007 | €223,855 | ▼ 5.9% |
| Equity10/15 | €91,107 | €109,694 | €95,138 | €93,203 | €111,791 | ▲ 19.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €60,425 | €79,012 | €88,938 | €87,003 | €105,591 | ▲ 21.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | €58,565 | €77,152 | €87,078 | €87,003 | €105,591 | ▲ 21.4% |
| Profit (loss) carried forward14 | €24,482 | €24,482 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €203,575 | €99,301 | €129,577 | €144,804 | €112,064 | ▼ 22.6% |
| Amounts payable after more than one year17 | €82,177 | €70,040 | €72,223 | €88,716 | €61,531 | ▼ 30.6% |
| Financial debts170/4 | €82,177 | €70,040 | €72,223 | €88,716 | €61,531 | ▼ 30.6% |
| Amounts payable within one year42/48 | €121,397 | €29,260 | €57,354 | €55,786 | €50,469 | ▼ 9.5% |
| Current portion of amounts payable after more than one year42 | €18,223 | €12,137 | €16,519 | €26,041 | €27,185 | ▲ 4.4% |
| Trade debts44 | €3,668 | €7,993 | €6,985 | €7,962 | €9,915 | ▲ 24.5% |
| Suppliers440/4 | €3,668 | €7,993 | €6,985 | €7,962 | €9,915 | ▲ 24.5% |
| Advances received on contracts in progress46 | - | - | - | €1,958 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €7,140 | €9,130 | €9,368 | €7,708 | €13,369 | ▲ 73.4% |
| Taxes450/3 | €7,140 | €9,130 | €9,368 | €7,708 | €10,369 | ▲ 34.5% |
| Remuneration and social security454/9 | - | - | - | - | €3,000 | - |
| Other amounts payable47/48 | €92,366 | €0 | €24,482 | €12,117 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €302 | €64 | ▼ 78.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,806 | €18,587 | €9,926 | €10,182 | €18,588 | ▲ 82.6% |
| + Depreciation and write-downs630 | €13,476 | €13,854 | €8,415 | €18,225 | €18,490 | ▲ 1.5% |
| Operating cash flow (approximation) | €31,281 | €32,442 | €18,342 | €28,407 | €37,078 | ▲ 30.5% |
| Investment in fixed assets (approximation) | - | -€1,721 | -€19,685 | -€51,650 | €0 | ▲ 100% |
| Change in cash | - | -€8,744 | -€16,539 | -€3,512 | €6,037 | ▲ 272% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100,000Eq €111,791 ▲19.9%
8 profitable years in a row build equity to €111,791.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 2.64
Current ratio from 1.24 to 2.64; short-term debt falls from €121,397 to €29,260.
31-12
Financial
Equity above €100,000Eq €109,694 ▲20.4%
5 profitable years in a row build equity to €109,694.
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €18,844 ▲55.5%
Net result €18,844, the highest in the series.
31-12
Financial
Equity above €150,000Eq €155,793 ▲13.8%
3 profitable years in a row build equity to €155,793.
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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
Registered office, Steenokkerzeel · 1 establishment unit since 2003
Ground area
582 m²
Building footprint
226 m²
Volume, LiDAR
1,929 m³
Parcel 23051C0184/00M000, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SOLAVIA
since 20032.126.587.517
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23051C0184/00M000 | Flanders | 582 m² | 1 · 226 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,776 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-02-2003
Fiscal year end31-12
Trade name NL
HORTASOFT
Activities, NACEBEL 2025
70200Business and other management consultancy
52230Warehousing and support activities for transportation
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479515342
Also
9925:BE0479515342
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.