SOLFAR
ActiveSOLFAR has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37.23M and a net result of €29k. Equity is growing by ~15.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.02 in 2024; short-term debt: 0.4% and cash: 0.3% of total assets), and 0.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
99.6%
Return on assets
0.1%
Age of the figures
13 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 16-03-2026, 15 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
15 d early
2024
25 d early
2023
52 d early
2022
50 d early
2021
28 d early
2020
34 d early
2019
26 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close16-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€37.23M▼ 0.2%
2024 · €37.31M
2019: €17.10M
2020: €17.03M
2021: €17.02M
2022: €17.02M
2023: €22.81M
2024: €37.31M
2019 → 2025
Total assets
€37.39M▼ 0.1%
2024 · €37.43M
2019: €17.10M
2020: €17.13M
2021: €17.13M
2022: €17.19M
2023: €22.83M
2024: €37.43M
2019 → 2025
Net result
€29k
2024 · €-10k
2019: €5.67M
2020: €-72k
2021: €-5k
2022: €-7k
2023: €61.34M
2024: €-10k
2019 → 2025
Working capital
€-33k▲ 69.8%
2024 · €-110k
2019: €75k
2020: €-99k
2021: €-103k
2022: €-169k
2023: €-18k
2024: €-110k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17.02M-€17.02M=€22.81M▲ 34.1%€37.31M▲ 63.6%€37.23M▼ 0.2%
Operating result€-5k-€-7k▼ 48.1%€-9k▼ 30.1%€-9k▼ 7.6%€28k
Net result€-5k-€-7k▼ 45.9%€61.34M€-10k€29k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €28k after a loss of €9k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37.39M
Fixed assets
€37.26M▼ 0.4%
Current assets
€133k▲ 5,344%
Equity and liabilities €37.39M
Equity
€37.23M▼ 0.2%
Debt
€167k▲ 47.2%
The debt ratio rises from 0.3% to 0.4%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
99.6%▼
2024 · 99.7%
Current ratio
0.80▲
2024 · 0.02
Quick ratio
0.80▲
2024 · 0.02
Debt / equity
0.00▲
2024 · 0.00
ROE
0.1%▲
2024 · 0.0%
ROA
0.1%▲
2024 · 0.0%
Debt
€167k▲
2024 · €113k
Debt ≤ 1 year
€166k▲
2024 · €113k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€37.43M€37.39M▼
Fixed assets21/28€37.42M€37.26M▼
Financial fixed assets28€37.42M€37.26M▼
Current assets29/58€2k€133k▲
Amounts receivable after more than one year29-€28k
Other amounts receivable291-€28k
Amounts receivable within one year40/41-€7k
Other amounts receivable41-€7k
Cash at bank and in hand54/58€2k€97k▲
Deferred charges and accrued income490/1-€758
Equity and liabilities
Total equity and liabilities10/49€37.43M€37.39M▼
Equity10/15€37.31M€37.23M▼
Contributions10/11€17.03M€17.03M=
Capital10€17.03M€17.03M=
Issued capital100€17.03M€17.03M=
Revaluation surpluses12€14.51M€14.45M▼
Reserves13€1.70M€1.70M=
Non-distributable reserves130/1€1.70M€1.70M=
Legal reserve130€1.70M€1.70M=
Profit (loss) carried forward14€4.08M€4.05M▼
Amounts payable17/49€113k€167k▲
Amounts payable within one year42/48€113k€166k▲
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Other amounts payable47/48€109k€162k▲
Accrued charges and deferred income492/3€868€998▲
Income statement
Code20242025
Non-recurring operating income76A-€37k
Other operating charges640/8€361€144▼
Gross operating margin9900€-9k€29k▲
Operating profit (loss)9901€-9k€28k▲
Financial income75/76B-€758
Recurring financial income75-€758
Financial charges65/66B€266€462▲
Recurring financial charges65€266€462▲
Profit (loss) for the period before taxes9903€-10k€29k▲
Profit (loss) for the period9904€-10k€29k▲
Profit (loss) for the period to be appropriated9905€-10k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4.08M€4.10M▲
Profit (loss) brought forward from the previous period14P€4.09M€4.08M▼
Profit to be distributed694/7-€54k
Return on contributions (dividend)694-€54k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-08
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
06-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-08
Financial
Equity above €25MEq €37.31M ▲63.6%
Equity rises from €22.81M to €37.31M.
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
Financial
Back to profitnet €61.34M
Net result €61.34M after 3 loss-making years.
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-12
State Gazette act
Incorporation · Founding capital
Corporate purpose · First fiscal year · Erika Redel
03-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
Financial
Weakest financial yearnet €-72k ▼101%
Net result drops to €-72k, the lowest in the series; recovery starts the following year.
05-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2019
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-12-2019
WIELFAERT, Herman Wielfaert: Resigned as Director
01-04-2019
H&H Capital Management bvba: Resigned as Director
Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 2017
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.
Maenhoutstraat 779830 Sint-Martens-LatemGround area
1,219 m²
Building footprint
333 m²
Volume, LiDAR
1,263 m³
Parcel 44064B0425/00V000, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SOLFAR
since 20172.265.686.111
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0425/00V000 | Flanders | 1,219 m² | 1 · 333 m² | 5.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-05-2017
Fiscal year end31-08
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.