SOLUBEX
Bankruptcy closedInactive since 24-09-2026; last annual accounts for fiscal year 2023.
Summary
SOLUBEX was declared bankrupt on 18-03-2025 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 15-09-2026, published in the Belgian State Gazette on 25-09-2026.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 22-01-2024, 191 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
191 d early
2022
174 d late
2021
31 d late
2020
29 d late
2019
82 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€62k▲ 11.0%
2022 · €56k
Working capital
€142k▲ 77.0%
2022 · €80k
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
Operating result€26k€21k▼ 20.0%€-8k€69k€92k▲ 32.5%
Net result€24k€18k▼ 26.3%€-7k€56k€62k▲ 11.0%
Equity€7k€25k▲ 250%€25k▼ 1.6%€81k▲ 225%€143k▲ 76.9%
Total assets€56k▲ 776%€110k▲ 95.4%€109k▼ 1.0%€194k▲ 78.3%€223k▲ 15.0%
Debt€49k▲ 179%€85k▲ 72.7%€84k▼ 0.8%€113k▲ 34.9%€81k▼ 29.0%
Working capital€4k€23k▲ 455%€24k▲ 3.0%€80k▲ 236%€142k▲ 77.0%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 33% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €223k
Fixed assets
€90 =
Current assets
€223k ▲ 15.0%
Equity and liabilities €223k
Equity
€143k ▲ 76.9%
Debt
€81k ▼ 29.0%
Debt's share of the balance-sheet total falls from 58.5% to 36.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.77▲
2022 · 1.71
Quick ratio
0.85▲
2022 · 0.60
Debt to equity
0.57▼
2022 · 1.41
ROE
43.5%▼
2022 · 69.3%
ROA
27.8%▼
2022 · 28.8%
Debt ≤ 1 year
€81k▼
2022 · €113k
Income taxes
€31k▲
2022 · €15k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €750 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | €699 | - | - |
| Other operating charges640/8 | - | - | €551 | €640 | €517 | ▼ 19.2% |
| Gross operating margin9900 | €28k | €22k | €-6k | €71k | €92k | ▲ 30.7% |
| Operating profit (loss)9901 | €26k | €21k | €-8k | €69k | €92k | ▲ 32.5% |
| Financial income75/76B | - | - | €2k | €2k | €2k | ▼ 27.4% |
| Recurring financial income75 | - | €4k | €2k | €2k | €2k | ▼ 27.4% |
| Financial charges65/66B | - | - | €184 | €310 | €420 | ▲ 35.5% |
| Recurring financial charges65 | €163 | €154 | €184 | €310 | €420 | ▲ 35.5% |
| Profit (loss) for the period before taxes9903 | €26k | €24k | €-7k | €71k | €93k | ▲ 30.7% |
| Income taxes67/77 | €1k | €6k | €104 | €15k | €31k | ▲ 103% |
| Profit (loss) for the period9904 | €24k | €18k | €-7k | €56k | €62k | ▲ 11.0% |
| Profit (loss) for the period to be appropriated9905 | €24k | €18k | €-7k | €56k | €62k | ▲ 11.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56k | €110k | €109k | €194k | €223k | ▲ 15.0% |
| Fixed assets21/28 | €3k | €2k | €789 | €90 | €90 | = |
| Tangible fixed assets22/27 | €3k | €2k | €699 | - | - | - |
| Furniture and vehicles24 | - | - | €699 | - | - | - |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €53k | €108k | €108k | €194k | €223k | ▲ 15.0% |
| Stocks and contracts in progress3 | €44k | €78k | €85k | €126k | €155k | ▲ 22.9% |
| Stocks30/36 | - | - | €85k | €126k | €155k | ▲ 22.9% |
| Amounts receivable within one year40/41 | €7k | €28k | €22k | €46k | €39k | ▼ 15.8% |
| Trade receivables40 | - | - | €22k | €46k | €39k | ▼ 15.8% |
| Other amounts receivable41 | - | - | €355 | - | - | - |
| Cash at bank and in hand54/58 | €1k | €2k | €157 | €22k | €29k | ▲ 35.9% |
| Deferred charges and accrued income490/1 | - | - | €239 | €210 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56k | €110k | €109k | €194k | €223k | ▲ 15.0% |
| Equity10/15 | €7k | €25k | €25k | €81k | €143k | ▲ 76.9% |
| Contributions10/11 | €13k | - | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-6k | €12k | €6k | €62k | €124k | ▲ 101% |
| Amounts payable17/49 | €49k | €85k | €84k | €113k | €81k | ▼ 29.0% |
| Amounts payable within one year42/48 | €49k | €85k | €84k | €113k | €81k | ▼ 29.0% |
| Trade debts44 | €28k | €40k | €4k | €11k | €16k | ▲ 49.0% |
| Suppliers440/4 | - | - | €4k | €11k | €16k | ▲ 49.0% |
| Advances received on contracts in progress46 | - | - | €303 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €10k | €15k | €31k | ▲ 103% |
| Taxes450/3 | - | - | €10k | €15k | €31k | ▲ 103% |
| Other amounts payable47/48 | - | - | €70k | €88k | €34k | ▼ 61.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €18k | €-7k | €56k | €62k | ▲ 11.0% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | €699 | - | - |
| Operating cash flow (approximation) | €26k | €19k | €-6k | €57k | €62k | ▲ 9.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | ▲ 100% |
| Change in cash | - | €525 | €-2k | €21k | €8k | ▼ 63.8% |
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
2026
25-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 15-09-2026
2025
27-06
KBO administration
Address struck
24-03
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 18-03-2025
2024
22-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
21-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 174 days late
2023
31-12
Financial
Highest result since 2018net €62k ▲11%
Operating result €92k, net result €62k, both a record.
31-12
Financial
Equity above €100kEq €143k ▲76.9%
2 profitable years in a row build equity to €143k.
2022
31-12
Financial
Back to profitnet €56k
Net result €56k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
2019
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
Show earlier events
31-12
Financial
Liquidity triplescurrent ratio 1.09
Current ratio from 0.35 to 1.09.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
2015
28-07
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 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Sint-Gillis (bij-Brussel)
Ground area
801 m²
Building footprint
441 m²
Volume, LiDAR
8,413 m³
Parcel 21562A0329/00R012, Brussels · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0329/00R012 | Brussels | 801 m² | 1 · 441 m² | 22.6 m · 6 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PATRICK SCHRUERS LUCHTHAVENLAAN 27 BUS 38,
1800 VILVOORDE |
18-03-2025 → 15-09-2026 |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.