SOLINÈS
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 20 days after the deadline Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00414176.
Annual accounts 2025 filed on 20-08-2026 at the NBB all 11 filings
Equity
-€45,007▲ 49.7%
2024 · -€89,531
Net result
€44,524▲ 62.1%
2024 · €27,464
Total assets
€66,772▼ 0.2%
2024 · €66,930
Solvency
-67.4%▲ 66.4pp
2024 · -133.8%
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€47,431
▲ 54.6%
2025
20182025
Net result
€44,524
▲ 62.1%
2025
middle half of the sector
20182025
Equity
-€45,007
▲ 49.7%
2025
lowest quarter of the sector
20182025
Total assets
€66,772
▼ 0.2%
2025
lowest quarter of the sector
20182025
Debt
€111,779
▼ 28.6%
2025
20182025
Working capital
-€25,177
▲ 40.9%
2025
lowest quarter of the sector
20182025
Solvency
-67.4%
▲ 66.4pp
2025
lowest quarter of the sector
20182025
Current ratio
0.68
▲ 0.12
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
66.7%
▲ 25.6pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€45,705--€22,446-€24,372▼ 8.6%-€35,433▼ 45.4%-€20,755▲ 41.4%€49,218€30,678▼ 37.7%€47,431▲ 54.6%
Net result€43,284--€23,535-€24,724below the sector's middle half▼ 5.1%-€35,397below the sector's middle half▼ 43.2%-€20,913below the sector's middle half▲ 40.9%€48,644within the sector's middle half€27,464within the sector's middle half▼ 43.5%€44,524within the sector's middle half▲ 62.1%
Equity-€61,071--€84,606▼ 38.5%-€109,329below the sector's middle half▼ 29.2%-€144,726below the sector's middle half▼ 32.4%-€165,639below the sector's middle half▼ 14.5%-€116,995below the sector's middle half▲ 29.4%-€89,531below the sector's middle half▲ 23.5%-€45,007below the sector's middle half▲ 49.7%
Total assets€373,115-€246,106▼ 34.0%€198,124within the sector's middle half▼ 19.5%€171,620within the sector's middle half▼ 13.4%€125,721within the sector's middle half▼ 26.7%€77,445below the sector's middle half▼ 38.4%€66,930below the sector's middle half▼ 13.6%€66,772below the sector's middle half▼ 0.2%
Debt€434,186-€330,712▼ 23.8%€307,454▼ 7.0%€316,346▲ 2.9%€291,360▼ 7.9%€194,440▼ 33.3%€156,461▼ 19.5%€111,779▼ 28.6%
Working capital-€252,461--€256,070▼ 1.4%-€240,416below the sector's middle half▲ 6.1%-€249,141below the sector's middle half▼ 3.6%-€230,681below the sector's middle half▲ 7.4%-€86,088below the sector's middle half▲ 62.7%-€42,606below the sector's middle half▲ 50.5%-€25,177below the sector's middle half▲ 40.9%
Solvency-16.4%--34.4%▼ 18.0pp-55.2%below the sector's middle half▼ 20.8pp-84.3%below the sector's middle half▼ 29.1pp-131.8%below the sector's middle half▼ 47.4pp-151.1%below the sector's middle half▼ 19.3pp-133.8%below the sector's middle half▲ 17.3pp-67.4%below the sector's middle half▲ 66.4pp
Current ratio0.38-0.23▼ 0.160.22below the sector's middle half▼ 0.010.21below the sector's middle half▼ 0.010.21below the sector's middle half=0.38below the sector's middle half▲ 0.170.56below the sector's middle half▲ 0.180.68below the sector's middle half▲ 0.12
Return on assets (ROA)11.6%--9.6%▼ 21.2pp-12.5%below the sector's middle half▼ 2.9pp-20.6%below the sector's middle half▼ 8.1pp-16.6%below the sector's middle half▲ 4.0pp62.8%above the sector's middle half▲ 79.4pp41.0%above the sector's middle half▼ 21.8pp66.7%above the sector's middle half▲ 25.6pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 55% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro 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 €66,772
Fixed assets
€12,700 =
Current assets
€54,072 ▼ 0.3%
Equity and liabilities
Equity-€45,007
Debt€111,779
Equity is negative. Debt (€111,779) exceeds the balance-sheet total (€66,772).
Key figures and ratios
Debt ≤ 1 year
€79,249▼
2024 · €96,836
Debt > 1 year
€28,770▼
2024 · €42,794
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | €12,700 | - | - | - | - |
| Depreciation and write-downs of the year | €39,372 | €39,372 | €38,889 | €12,969 | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,281 | €41,315 | €40,377 | €39,372 | €39,372 | €38,889 | €12,969 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €503 | €348 | - | €772 | €400 | ▼ 48.2% |
| Gross operating margin9900 | €89,334 | €24,531 | €16,352 | €4,442 | €18,965 | €88,107 | €44,419 | €47,831 | ▲ 7.7% |
| Operating profit (loss)9901 | €45,705 | -€22,446 | -€24,372 | -€35,433 | -€20,755 | €49,218 | €30,678 | €47,431 | ▲ 54.6% |
| Financial income75/76B | - | - | - | €187 | - | - | - | - | - |
| Recurring financial income75 | - | - | - | €187 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €152 | €158 | €574 | €3,214 | €2,907 | ▼ 9.5% |
| Recurring financial charges65 | €2,421 | €1,089 | €352 | €152 | €158 | €574 | €3,214 | €2,907 | ▼ 9.5% |
| Profit (loss) for the period before taxes9903 | €43,284 | -€23,535 | -€24,724 | -€35,397 | -€20,913 | €48,644 | €27,464 | €44,524 | ▲ 62.1% |
| Profit (loss) for the period9904 | €43,284 | -€23,535 | -€24,724 | -€35,397 | -€20,913 | €48,644 | €27,464 | €44,524 | ▲ 62.1% |
| Profit (loss) for the period to be appropriated9905 | €43,284 | -€23,535 | -€24,724 | -€35,397 | -€20,913 | €48,644 | €27,464 | €44,524 | ▲ 62.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €373,115 | €246,106 | €198,124 | €171,620 | €125,721 | €77,445 | €66,930 | €66,772 | ▼ 0.2% |
| Fixed assets21/28 | €215,675 | €171,464 | €131,087 | €104,414 | €65,042 | €25,669 | €12,700 | €12,700 | = |
| Intangible fixed assets21 | €208,178 | €168,716 | €129,636 | €90,747 | €51,858 | €12,969 | - | - | - |
| Tangible fixed assets22/27 | €7,497 | €2,748 | €1,451 | €967 | €484 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €967 | €484 | - | - | - | - |
| Financial fixed assets28 | - | - | - | €12,700 | €12,700 | €12,700 | €12,700 | €12,700 | = |
| Current assets29/58 | €157,440 | €74,642 | €67,038 | €67,205 | €60,679 | €51,775 | €54,230 | €54,072 | ▼ 0.3% |
| Amounts receivable within one year40/41 | €150,105 | €55,022 | €54,590 | €45,720 | €57,367 | €41,332 | €42,380 | €45,860 | ▲ 8.2% |
| Trade receivables40 | - | - | - | €44,317 | €55,965 | €39,930 | €37,752 | €34,122 | ▼ 9.6% |
| Other amounts receivable41 | - | - | - | €1,402 | €1,402 | €1,402 | €4,628 | €11,738 | ▲ 154% |
| Cash at bank and in hand54/58 | €7,245 | €19,620 | €12,447 | €21,486 | €3,312 | €10,443 | €11,850 | €6,293 | ▼ 46.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €1,919 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €373,115 | €246,106 | €198,124 | €171,620 | €125,721 | €77,445 | €66,930 | €66,772 | ▼ 0.2% |
| Equity10/15 | -€61,071 | -€84,606 | -€109,329 | -€144,726 | -€165,639 | -€116,995 | -€89,531 | -€45,007 | ▲ 49.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€79,671 | -€103,206 | -€127,929 | -€163,326 | -€184,239 | -€135,595 | -€108,131 | -€63,607 | ▲ 41.2% |
| Amounts payable17/49 | €434,186 | €330,712 | €307,454 | €316,346 | €291,360 | €194,440 | €156,461 | €111,779 | ▼ 28.6% |
| Amounts payable after more than one year17 | €24,285 | - | - | - | - | €56,182 | €42,794 | €28,770 | ▼ 32.8% |
| Financial debts170/4 | - | - | - | - | - | €56,182 | €42,794 | €28,770 | ▼ 32.8% |
| Amounts payable within one year42/48 | €409,901 | €330,712 | €307,454 | €316,346 | €291,360 | €137,863 | €96,836 | €79,249 | ▼ 18.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €12,780 | €13,388 | €14,024 | ▲ 4.8% |
| Trade debts44 | €31,888 | €34,036 | €35,774 | €36,719 | €16,252 | €3,000 | €1,025 | €7,285 | ▲ 610% |
| Suppliers440/4 | - | - | - | €36,719 | €16,252 | €3,000 | €1,025 | €7,285 | ▲ 610% |
| Taxes, remuneration and social security45 | - | - | - | €3,402 | €5,045 | €4,980 | €5,447 | €4,221 | ▼ 22.5% |
| Taxes450/3 | - | - | - | €3,402 | €5,045 | €4,980 | €5,447 | €4,221 | ▼ 22.5% |
| Other amounts payable47/48 | - | - | - | €276,225 | €270,063 | €117,103 | €76,977 | €53,719 | ▼ 30.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €395 | €16,831 | €3,760 | ▼ 77.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,284 | -€23,535 | -€24,724 | -€35,397 | -€20,913 | €48,644 | €27,464 | €44,524 | ▲ 62.1% |
| + Depreciation and write-downs630 | €43,281 | €41,315 | €40,377 | €39,372 | €39,372 | €38,889 | €12,969 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €86,565 | €17,780 | €15,652 | €3,975 | €18,460 | €87,533 | €40,433 | €44,524 | ▲ 10.1% |
| Investment in fixed assets (approximation) | - | €2,896 | €1 | -€12,700 | €0 | €484 | €0 | €0 | - |
| Change in cash | - | €12,375 | -€7,173 | €9,038 | -€18,173 | €7,131 | €1,407 | -€5,557 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-08-2026 | 2026-00414176 | |
| 31-12-2024 | micro format | 11-09-2025 | 2025-00490406 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00446991 | |
| 31-12-2022 | micro format | 14-08-2023 | 2023-00332317 | |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20319963 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-65800220 | |
| 31-12-2019 | micro format | 24-08-2020 | 2020-43700077 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-38700166 | |
| 31-12-2017 | micro format | 18-09-2018 | 2018-63500315 | |
| 31-12-2016 | micro format | 28-07-2017 | 2017-38900206 |