Soliver
Open bankruptcySummary
A bankruptcy procedure is open for Soliver according to publications in the Belgian State Gazette. The file additionally contains 1 judicial reorganisation. The 2023 annual accounts show negative equity (-€76.9m) and a net result of -€446.6m.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Kortrijk division
- Declared bankrupt
- 1 July 2025
- Supervising judge
- Patrick Danneels
- Official Gazette
- 07-07-2025 (pdf) ↗search the document for 2025/130043
Curators
- Carmen MatthijsOude Ieperstraat 4, 8560 Wevelgemcarmen.matthijs@lysiasadvocaten.be
- Yves Fran- CoisEertbruggestraat 10, 8790 Waregeminfo@advocaatfrancois.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Non-specialised wholesale trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€192.4m▲ 85.7%
2022 · €103.6m
EBIT margin
-232.7%▼ 207.8pp
2022 · -24.8%
Net result
-€446.6m▼ 1,619%
2022 · -€26.0m
Working capital
-€31.1m▲ 87.4%
2022 · -€247.4m
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
Line20192020202120222023
Turnover€32.0m▲ 1.6%€31.6m▼ 1.4%€56.7m▲ 79.6%€103.6m▲ 82.8%€192.4m▲ 85.7%
Operating result-€5.5m▼ 157%-€5.0m▲ 8.6%-€16.9m▼ 237%-€25.7m▼ 51.9%-€447.6m▼ 1,640%
Net result-€5.9m▼ 141%-€5.6m▲ 5.5%-€17.3m▼ 209%-€26.0m▼ 49.9%-€446.6m▼ 1,619%
EBIT margin-17.2%▼ 10.4pp-15.9%▲ 1.3pp-29.9%▼ 13.9pp-24.8%▲ 5.0pp-232.7%▼ 207.8pp
Equity€11.9m▼ 6.3%€106.9m▲ 797%€140.8m▲ 31.7%€114.8m▼ 18.5%-€76.9m
Total assets€112.4m▲ 149%€145.0m▲ 29.1%€213.9m▲ 47.5%€473.0m▲ 121%€151.4m▼ 68.0%
Debt€100.4m▲ 189%€38.1m▼ 62.1%€73.1m▲ 91.9%€358.2m▲ 390%€219.2m▼ 38.8%
Working capital-€68.7m▼ 1,577%-€3.5m▲ 94.9%-€33.1m▼ 848%-€247.4m▼ 647%-€31.1m▲ 87.4%
Staff (FTE)318.6▲ 8.1%353.4▲ 10.9%509.9▲ 44.3%816.8▲ 60.2%1,097.1▲ 34.3%
Why a figure moved sharply
- 2023 Turnover +86%, Net result -1,619%, Total assets -68% on 2022. Cause not known from the registers.
- 2022 Turnover +83%, Total assets +121%, Staff (FTE) +60% on 2021. Cause not known from the registers.
- 2021 Turnover +80%, Net result -209% on 2020. Cause not known from the registers.
- 2020 Equity +797% on 2019. Cause not known from the registers.
- 2019 Net result -141%, Total assets +149% on 2018. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €447.6m in 2023 against €25.7m in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €151.4m
Fixed assets
€26.7m ▼ 92.6%
Current assets
€124.7m ▲ 12.6%
Key figures and ratios
EBITDA
-€405.4m▼
2022 · -€5.6m
Cash flow
-€404.4m▼
2022 · -€5.9m
Solvency
-50.8%▼
2022 · 24.3%
Current ratio
0.80▲
2022 · 0.31
Quick ratio
0.57▲
2022 · 0.20
Debt to equity
-2.85▼
2022 · 3.12
ROA
-295.0%▼
2022 · -5.5%
Interest coverage
-289.57▼
2022 · -3.09
Debt ≤ 1 year
€155.8m▼
2022 · €358.1m
Debt > 1 year
€62.4m▲
2022 · €45,749
Income taxes
€48,495
Staff costs
€78.6m▲
2022 · €59.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €117.4m | €245.5m | €320.4m | ▲ 30.5% |
| Turnover70 | €32.0m | €31.6m | €56.7m | €103.6m | €192.4m | ▲ 85.7% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | -€1.8m | €15.9m | €1.2m | ▼ 92.6% |
| Own construction capitalised72 | - | - | €60.8m | €122.8m | €97.7m | ▼ 20.5% |
| Other operating income74 | - | - | €1.7m | €3.2m | €28.6m | ▲ 808% |
| Non-recurring operating income76A | - | - | - | €5,037 | €521,982 | ▲ 10,263% |
| Operating charges60/66A | - | - | €134.4m | €271.2m | €768.0m | ▲ 183% |
| Goods for resale, raw materials and consumables60 | - | - | €32.5m | €78.5m | €115.2m | ▲ 46.7% |
| Purchases600/8 | - | - | €40.8m | €94.0m | - | - |
| Change in stocks: decrease (increase)609 | - | - | -€8.3m | -€15.5m | €4.2m | ▲ 127% |
| Services and other goods61 | - | - | €56.9m | €106.1m | €126.4m | ▲ 19.1% |
| Remuneration, social security and pensions62 | - | - | €32.9m | €59.0m | €78.6m | ▲ 33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.6m | €2.9m | €11.6m | €20.1m | €42.2m | ▲ 110% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €6.9m | €367,762 | ▼ 94.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€8,202 | €43,092 | - | - |
| Other operating charges640/8 | - | - | €454,397 | €430,496 | €692,039 | ▲ 60.8% |
| Non-recurring operating charges66A | - | - | €1,834 | €0 | €404.5m | - |
| Operating profit (loss)9901 | -€5.5m | -€5.0m | -€16.9m | -€25.7m | -€447.6m | ▼ 1,640% |
| Financial income75/76B | - | - | €3.6m | €4.5m | - | - |
| Recurring financial income75 | €46,179 | €728,940 | €3.6m | €4.5m | €4.4m | ▼ 3.9% |
| Other financial income752/9 | - | - | €3.6m | €4.5m | €4.4m | ▼ 3.9% |
| Financial charges65/66B | - | - | €4.0m | €4.8m | €3.3m | ▼ 31.7% |
| Recurring financial charges65 | €433,698 | €1.3m | €4.0m | €4.8m | €3.3m | ▼ 31.7% |
| Debt charges650 | €338,732 | €600,695 | €463,135 | €1.8m | €1.4m | ▼ 23.1% |
| Other financial charges652/9 | - | - | €3.6m | €3.0m | €1.9m | ▼ 37.0% |
| Non-recurring financial charges66B | - | - | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€5.9m | -€5.6m | -€17.3m | -€26.0m | -€446.5m | ▼ 1,618% |
| Income taxes67/77 | €3,099 | €10,466 | €0 | - | €48,495 | - |
| Taxes670/3 | - | - | €0 | - | €48,495 | - |
| Profit (loss) for the period9904 | -€5.9m | -€5.6m | -€17.3m | -€26.0m | -€446.6m | ▼ 1,619% |
| Profit (loss) for the period to be appropriated9905 | -€5.9m | -€5.6m | -€17.3m | -€26.0m | -€446.6m | ▼ 1,619% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112.4m | €145.0m | €213.9m | €473.0m | €151.4m | ▼ 68.0% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €92.5m | €117.0m | €179.2m | €362.3m | €26.7m | ▼ 92.6% |
| Intangible fixed assets21 | €82,746 | €24.1m | €23.7m | €63.5m | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €92.4m | €92.5m | €154.9m | €293.4m | €16.2m | ▼ 94.5% |
| Land and buildings22 | - | - | €12.0m | €11.5m | €1.2m | ▼ 89.6% |
| Plant, machinery and equipment23 | - | - | €65.9m | €68.9m | €15.0m | ▼ 78.2% |
| Furniture and vehicles24 | - | - | €59,755 | €120,788 | €0 | ▼ 100% |
| Leasing and similar rights25 | - | - | €7.5m | €72,096 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | €136,847 | €158,481 | €0 | ▼ 100% |
| Assets under construction and advance payments27 | - | - | €69.2m | €212.6m | €0 | ▼ 100% |
| Financial fixed assets28 | €99,251 | €417,700 | €548,891 | €5.5m | €10.4m | ▲ 89.4% |
| Other financial fixed assets284/8 | - | - | €548,891 | €5.5m | €10.4m | ▲ 89.4% |
| Amounts receivable and cash guarantees285/8 | - | - | €548,891 | €5.5m | €10.4m | ▲ 89.4% |
| Current assets29/58 | €23.4m | €28.1m | €34.8m | €110.7m | €124.7m | ▲ 12.6% |
| Stocks and contracts in progress3 | €11.3m | €8.9m | €15.5m | €40.0m | €36.5m | ▼ 8.5% |
| Stocks30/36 | - | - | €15.5m | €40.0m | €36.5m | ▼ 8.5% |
| Raw materials and consumables30/31 | - | - | €10.5m | €23.6m | €19.0m | ▼ 19.5% |
| Work in progress32 | - | - | €3.2m | €13.9m | €13.7m | ▼ 1.4% |
| Finished goods33 | - | - | €1.8m | €2.5m | €3.9m | ▲ 55.2% |
| Amounts receivable within one year40/41 | €10.2m | €13.4m | €16.7m | €64.8m | €78.1m | ▲ 20.6% |
| Trade receivables40 | - | - | €16.6m | €63.7m | €76.3m | ▲ 19.8% |
| Other amounts receivable41 | - | - | €194,325 | €1.1m | €1.8m | ▲ 62.1% |
| Cash at bank and in hand54/58 | €849,537 | €3.0m | €2.5m | €4.7m | €9.2m | ▲ 97.3% |
| Deferred charges and accrued income490/1 | - | - | €28,931 | €1.3m | €792,659 | ▼ 36.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112.4m | €145.0m | €213.9m | €473.0m | €151.4m | ▼ 68.0% |
| Equity10/15 | €11.9m | €106.9m | €140.8m | €114.8m | -€76.9m | ▼ 167% |
| Contributions10/11 | €12.4m | €113.0m | €164.2m | €164.2m | €419.1m | ▲ 155% |
| Capital10 | - | - | €164.2m | €164.2m | €419.1m | ▲ 155% |
| Issued capital100 | - | - | €164.2m | €164.2m | €419.1m | ▲ 155% |
| Outside capital11 | - | - | €321 | €321 | €321 | ▼ 0.1% |
| Share premium1100/10 | - | - | €321 | €321 | €321 | ▼ 0.1% |
| Reserves13 | €8.6m | €8.6m | €8.6m | €8.6m | €8.6m | = |
| Non-distributable reserves130/1 | - | - | €480,000 | €480,000 | €480,000 | = |
| Legal reserve130 | - | - | €480,000 | €480,000 | €480,000 | = |
| Tax-exempt reserves132 | - | - | €4.3m | €4.3m | €4.3m | = |
| Distributable reserves133 | - | - | €3.9m | €3.9m | €3.9m | = |
| Profit (loss) carried forward14 | -€9.1m | -€14.7m | -€32.1m | -€58.0m | -€504.6m | ▼ 769% |
| Provisions and deferred taxes16 | €91,643 | €74,445 | €66,243 | €109,335 | €9.1m | ▲ 8,248% |
| Provisions for liabilities and charges160/5 | - | - | €66,243 | €109,335 | €9.1m | ▲ 8,248% |
| Pensions and similar obligations160 | - | - | €66,243 | €109,335 | €109,335 | = |
| Other liabilities and charges164/5 | - | - | - | - | €9.0m | - |
| Amounts payable17/49 | €100.4m | €38.1m | €73.1m | €358.2m | €219.2m | ▼ 38.8% |
| Amounts payable after more than one year17 | €8.2m | €6.5m | €5.2m | €45,749 | €62.4m | ▲ 136,367% |
| Financial debts170/4 | - | - | €5.2m | €45,749 | €62.4m | ▲ 136,367% |
| Leasing and similar obligations172 | - | - | €4.4m | €45,749 | €27,519 | ▼ 39.8% |
| Credit institutions173 | - | - | €816,696 | €0 | - | - |
| Other loans174 | - | - | - | - | €62.4m | - |
| Amounts payable within one year42/48 | €92.1m | €31.6m | €67.9m | €358.1m | €155.8m | ▼ 56.5% |
| Current portion of amounts payable after more than one year42 | - | - | €1.4m | €19,917 | €954,878 | ▲ 4,694% |
| Financial debts43 | - | - | €5.9m | €0 | - | - |
| Credit institutions430/8 | - | - | €5.9m | €0 | - | - |
| Trade debts44 | €20.5m | €11.7m | €35.3m | €141.5m | €115.2m | ▼ 18.6% |
| Suppliers440/4 | - | - | €35.3m | €141.5m | €115.2m | ▼ 18.6% |
| Advances received on contracts in progress46 | - | - | €18.2m | €188.4m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €7.2m | €8.3m | €16.9m | ▲ 103% |
| Taxes450/3 | - | - | €1.2m | €1.4m | €2.6m | ▲ 92.4% |
| Remuneration and social security454/9 | - | - | €6.0m | €7.0m | €14.3m | ▲ 105% |
| Other amounts payable47/48 | - | - | €0 | €19.8m | €22.7m | ▲ 14.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €935,748 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5.9m | -€5.6m | -€17.3m | -€26.0m | -€446.6m | ▼ 1,619% |
| + Depreciation and write-downs630 | €1.6m | €2.9m | €11.6m | €20.1m | €42.2m | ▲ 110% |
| Operating cash flow (approximation) | -€4.4m | -€2.7m | -€5.8m | -€5.9m | -€404.4m | ▼ 6,777% |
| Investment in fixed assets (approximation) | - | -€27.3m | -€73.8m | -€203.3m | €293.5m | ▲ 244% |
| Change in cash | - | €2.1m | -€457,500 | €2.1m | €4.5m | ▲ 112% |
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
2025
07-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 01-07-2025
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 132 days late
26-11
Judicial reorganisation
Transfer under judicial authority
Ondernemingsrechtbank Gent · court-supervised transfer · event 19-11-2024
2023
31-12
Financial
Weakest financial yearnet -€446.6m
Net result drops to -€446.6m, the lowest in the series.
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 141 days late
2022
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 115 days late
2021
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 37 days late
2020
31-12
Financial
Equity above €100mEq €106.9m ▲797%
Equity rises from €11.9m to €106.9m.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
12-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 24 acts read
About the unread acts
We know of 24 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
24 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, Roeselare · 3 establishment units since 1950
Ground area
36.4 ha
Building footprint
23.6 ha
Volume, LiDAR
2,332 m³
3 parcels, Flanders · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
3 establishment units
Groene-Herderstraat 18, 8800 Roeselare
since 19502.005.719.973
Soliver
since 20182.283.816.894
Soliver
since 20222.330.649.484
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082B0391/00B002 | Flanders | 16.2 ha | 1 · 8.2 ha | - |
| 43006A0919/00B000 | Flanders | 15.1 ha | 1 · 15.3 ha | - |
| 36302B0171/00A002 | Flanders | 5.1 ha | 1 · 553 m² | 5.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | Carmen MATTHIJS OUDE IEPERSTRAAT 4,
8560 WEVELGEM |
01-07-2025 → present |
| Curator | Yves FRAN-
COIS EERTBRUGGESTRAAT 10, 8790 WAREGEM- |
01-07-2025 → present |
Structure & network
Owners and holdings
1 ownerChain of control
- AGP Belgium
- Soliver
Highest known parent: AGP Belgium. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2022 list no holdings, and no other source names one.
According to the 2022 annual accounts of Soliver and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 25,520 EUR awarded · 25,520 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,206 EUR | 9,206 EUR |
| 2024 | 1 | 11,634 EUR | 11,634 EUR |
| 2023 | 1 | 4,680 EUR | 4,680 EUR |
Schemes
Recognitions · licences · registrations
Legal Entity Identifier
549300QWUEOGVVTWC513
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Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
23120Manufacture of other non-metallic mineral products
25401Forging of metal
43222Installation of electric heating, air conditioning, cooling and ventilation
47789Other retail sale of new goods
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.