SOLFAR
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 16-03-2026 PDF all 8 filings
Turnover
≈ €100,000
Estimated: probably between €54,000 and €190,000
Total assets
€37.4m▼ 0.1%
2024 · €37.4m
Net result
€28,694
2024 · -€9,600
Working capital
-€33,192▲ 69.8%
2024 · -€110,069
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€28,398
2025
20192025
Net result
€28,694
2025
20192025
Equity
€37.2m
▼ 0.2%
2025
20192025
Total assets
€37.4m
▼ 0.1%
2025
20192025
Debt
€166,911
▲ 47.2%
2025
20192025
Working capital
-€33,192
▲ 69.8%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.008m--€0.07m▼ 806%-€0.005m▲ 93.7%-€0.007m▼ 48.1%-€0.009m▼ 30.1%-€0.009m▼ 7.6%€0.03m
Net result€5.7m--€0.07m-€0.005m▲ 93.4%-€0.007m▼ 45.9%€61.3m-€0.01m€0.03m
Equity€17.1m-€17.0m▼ 0.4%€17.0m=€17.0m=€22.8m▲ 34.1%€37.3m▲ 63.6%€37.2m▼ 0.2%
Total assets€17.1m-€17.1m▲ 0.2%€17.1m=€17.2m▲ 0.3%€22.8m▲ 32.8%€37.4m▲ 63.9%€37.4m▼ 0.1%
Debt€0.002m-€0.1m▲ 45×€0.1m▲ 1.5%€0.2m▲ 60.9%€0.02m▼ 89.1%€0.1m▲ 507%€0.2m▲ 47.2%
Working capital€0.07m--€0.1m-€0.1m▼ 4.8%-€0.2m▼ 63.9%-€0.02m▲ 89.6%-€0.1m▼ 524%-€0.03m▲ 69.8%
The operating result for 2025 is a profit of €28,398, after a loss of €9,334 in 2024. It is the highest result since 2019.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37.4m
Fixed assets
€37.3m ▼ 0.4%
Current assets
€132,720 ▲ 54×
Equity and liabilities €37.4m
Equity
€37.2m ▼ 0.2%
Debt
€166,911 ▲ 47.2%
Debt's share of the balance-sheet total rises from 0.3% to 0.4%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.80▲
2024 · 0.02
Debt to equity
0.00▲
2024 · 0.00
ROE
0.1%▲
2024 · 0.0%
ROA
0.1%▲
2024 · 0.0%
Debt ≤ 1 year
€165,912▲
2024 · €112,507
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-08-2022 | 31-08-2023 | 31-08-2024 | 31-08-2025 |
|---|---|---|---|---|
| Financial fixed assets | €59,078 | €22.8m | €82,833 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €0.04m | - |
| Other operating charges640/8 | - | - | - | €232 | €242 | €361 | €144 | ▼ 60.0% |
| Gross operating margin9900 | -€0.008m | -€0.07m | -€0.004m | -€0.006m | -€0.008m | -€0.009m | €0.03m | - |
| Operating profit (loss)9901 | -€0.008m | -€0.07m | -€0.005m | -€0.007m | -€0.009m | -€0.009m | €0.03m | - |
| Financial income75/76B | - | - | - | - | €61.3m | - | €0.001m | - |
| Recurring financial income75 | €5.7m | - | - | - | €61.3m | - | €0.001m | - |
| Financial charges65/66B | - | - | - | €266 | €449 | €266 | €462 | ▲ 73.5% |
| Recurring financial charges65 | €335 | €237 | €251 | €266 | €449 | €266 | €462 | ▲ 73.5% |
| Profit (loss) for the period before taxes9903 | €5.7m | -€0.07m | -€0.005m | -€0.007m | €61.3m | -€0.01m | €0.03m | - |
| Profit (loss) for the period9904 | €5.7m | -€0.07m | -€0.005m | -€0.007m | €61.3m | -€0.01m | €0.03m | - |
| Profit (loss) for the period to be appropriated9905 | €5.7m | -€0.07m | -€0.005m | -€0.007m | €61.3m | -€0.01m | €0.03m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €17.1m | €17.1m | €17.1m | €17.2m | €22.8m | €37.4m | €37.4m | ▼ 0.1% |
| Fixed assets21/28 | €17.0m | €17.1m | €17.1m | €17.2m | €22.8m | €37.4m | €37.3m | ▼ 0.4% |
| Financial fixed assets28 | €17.0m | €17.1m | €17.1m | €17.2m | €22.8m | €37.4m | €37.3m | ▼ 0.4% |
| Current assets29/58 | €0.08m | €0.006m | €0.002m | €0.001m | €161 | €0.002m | €0.1m | ▲ 54× |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €0.03m | - |
| Other amounts receivable291 | - | - | - | - | - | - | €0.03m | - |
| Amounts receivable within one year40/41 | - | - | €168 | - | - | - | €0.007m | - |
| Other amounts receivable41 | - | - | - | - | - | - | €0.007m | - |
| Cash at bank and in hand54/58 | €0.08m | €0.006m | €0.002m | €0.001m | €161 | €0.002m | €0.1m | ▲ 40× |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.001m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €17.1m | €17.1m | €17.1m | €17.2m | €22.8m | €37.4m | €37.4m | ▼ 0.1% |
| Equity10/15 | €17.1m | €17.0m | €17.0m | €17.0m | €22.8m | €37.3m | €37.2m | ▼ 0.2% |
| Contributions10/11 | €17.0m | €17.0m | €17.0m | €17.0m | €17.0m | €17.0m | €17.0m | = |
| Capital10 | - | - | - | €17.0m | €17.0m | €17.0m | €17.0m | = |
| Issued capital100 | - | - | - | €17.0m | €17.0m | €17.0m | €17.0m | = |
| Revaluation surpluses12 | - | - | - | - | - | €14.5m | €14.4m | ▼ 0.4% |
| Reserves13 | €0.07m | €0.07m | €0.07m | €0.07m | €1.7m | €1.7m | €1.7m | = |
| Non-distributable reserves130/1 | - | - | - | €0.07m | €1.7m | €1.7m | €1.7m | = |
| Legal reserve130 | - | - | - | €0.07m | €1.7m | €1.7m | €1.7m | = |
| Profit (loss) carried forward14 | - | -€0.07m | -€0.08m | -€0.08m | €4.1m | €4.1m | €4.1m | ▼ 0.6% |
| Amounts payable17/49 | €0.002m | €0.1m | €0.1m | €0.2m | €0.02m | €0.1m | €0.2m | ▲ 47.2% |
| Amounts payable within one year42/48 | €0.002m | €0.1m | €0.1m | €0.2m | €0.02m | €0.1m | €0.2m | ▲ 47.5% |
| Trade debts44 | €0.002m | €0.002m | €0.004m | €0.003m | €0.003m | €0.004m | €0.004m | ▲ 13.9% |
| Suppliers440/4 | - | - | - | €0.003m | €0.003m | €0.004m | €0.004m | ▲ 13.9% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.02m | €0.1m | €0.2m | ▲ 48.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 15.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5.7m | -€0.07m | -€0.005m | -€0.007m | €61.3m | -€0.01m | €0.03m | - |
| Operating cash flow (approximation) | €5.7m | -€0.07m | -€0.005m | -€0.007m | €61.3m | -€0.01m | €0.03m | - |
| Investment in fixed assets (approximation) | - | -€0.1m | €0 | -€0.06m | -€5.6m | -€14.6m | €0.2m | - |
| Change in cash | - | -€0.07m | -€0.003m | -€0.001m | -€0.001m | €0.002m | €0.09m | ▲ 42× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-08-2025 | abbreviated format | 16-03-2026 | 2026-00055741 | |
| 31-08-2024 | abbreviated format | 06-03-2025 | 2025-00045089 | |
| 31-08-2023 | abbreviated format | 08-02-2024 | 2024-00032083 | |
| 31-08-2022 | abbreviated format | 09-02-2023 | 2023-00026336 | |
| 31-08-2021 | abbreviated format | 03-03-2022 | 2022-07000537 | |
| 31-08-2020 | abbreviated format | 25-02-2021 | 2021-06600527 | |
| 31-08-2019 | abbreviated format | 05-03-2020 | 2020-06300417 | |
| 31-08-2018 | abbreviated format | 14-02-2019 | 2019-05100303 |