Parent and group
- Ahara100%
- Colruyt Group100%
- KORYS66.52%
SOLUCIOUS
ActiveSummary
The annual accounts of SOLUCIOUS for financial year 2026 show a net loss of 229% of the equity at the start of that year. The 2026 annual accounts show equity of €14.2m and a net result of -€20.9m. Equity has been shrinking by about 5.7% per year since 2019. Its solvency ranks better than 15% of 399 sector peers (NACE 46, financial year 2026). The company has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Official details
Source: KBO- Status
- Active since 19-11-1992 Normal situation
- Registered office
- 76 active companies are registered at this address 13 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Non-specialised wholesale NACE 46392and 4 others
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 31-03-2026
- Establishment units
- 2.060.166.568 2880 Bornem, since 05-01-1993
- 2.109.207.986 9000 Gent, since 30-01-1996and 8 others
- Financial year end
- 31 March
- Peppol
- Reachable since 30-12-2025
Board and ownership
Board
- Jo WILLEMYNSDirector · since 01-04-2022
- Stefan GoethaertDirector · since 01-04-2022
- Kris CasteleinDirector · since 23-09-2025
Shareholders
- Colruyt Food Retail100%· score 91annual accounts 31-03-2026
- Colruyt Group NVconsolidatesannual accounts 31-03-2026
- Holdings
- Shares in 1 company VALFRAIS
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.1%
Annual accounts to 31-03-2026
- Turnover
- €325.8m
- ▲ 6.0%
- Loss
- €20.9m
- ▲ 362%
- Equity
- €14.2m
- ▲ 56.0%
- Total assets
- €95.1m
- ▼ 0.4%
- Employees on 31-03-2026
- 951
- ▲ 3.3%
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €20.9m, the second in a row (financial year 2026)Equity €14.2m (15.0% of total assets)Sector: Wholesale trade (NACE 46)lowers riskSize: turnover €325.8m, 897.6 FTE, total assets €95.1mShow the evidence
Checked score
Score 2026
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 36% of large companies in wholesale trade (NACE 46)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2025
Weak
Solvency
40+5
equity 15.0% of total assets
Liquidity
24+23
short-term debt 70.1% · cash 9.0%
Profitability
3-11
return on assets -21.9%
Bankruptcy probability within 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.0%● unchanged vs 06-2025
08-2025: 1.0%● unchanged vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.2%▲ +0.2 percentage points vs 09-2025highest value
11-2025: 1.0%▼ -0.2 percentage points vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026lowest value
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.0%● unchanged vs 07-2026
09-2026: 1.0%● unchanged vs 08-2026
10-2026: 1.1%▲ +0.1 percentage points vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Credit of up to €750,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.27 (0.89 in 2025), below the usual 1.5. Short-term debt is 70.1% and cash 9% of total assets. 85% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, large). It does better than 23% of them on solvency, 31% on liquidity, 2% on profitability and 87% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 399 sector peers (2026).
NBB · sector comparisonPosition among 399 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 29-09-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
32 days early
2025
24 days early
2024
27 days early
2023
28 days early
2022
20 days early
2021
33 days early
2020
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 4 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-03-2027 year end31-10-2027 deadline
Key points
- Risk: 3 loss-making years in a rowloss in financial year 2026 -€20.9m View
- Caution: Result fell in 2026from -€4.5m to -€20.9m ▼ 362% View
- Caution: Lower net result than 95% of companies in wholesale tradesector median €117,322 · 391 companies -€20.9m View
- Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View
- Branch taken over from VALFRAIStakeover on 29-05-2026 2026 View
- Board changedlatest change 08-09-2026 · 5 in office 1 joined · 1 left View
- Flemish supportawarded from 2022 to 2025 €310,771 View
Recent changes
- · Gazette deed Resignations & appointments · MiscellaneousResignation: Stefaan Vandamme (director) · Appointment: Michael Hamelryck (director)
- · Gazette deed Demerger: VALFRAIS splits off to SOLUCIOUS
- · Gazette deed Demerger proposal: Valfrais NV splits off to SoluciousAppointment: Ernst en Young Bedrijfsrevisoren (statutory auditor)
Companies linked to SOLUCIOUS
Comparable companies
These companies have the same main activity as SOLUCIOUS: non-specialised wholesale (NACE 46392). They are comparable in size and age: total assets between €33m and €319m, founded between 1975 and 2008.
| Company | Total assets | Turnover |
|---|---|---|
| SOLUCIOUS Halle | €95.1m | €325.8m |
| ALDI Vaux-sur-Sûre | €86.0m | €398.4m |
| Bidfood Thuin | €111.3m | €355.3m |
| UNILEVER BELGIUM Anderlecht | €316.8m | €501.7m |
| MARS BELGIUM Zaventem | €319.3m | €334.6m |
| HORECA TOTAAL BRUGGE Brugge | €58.7m | €137.3m |
| LAMBRECHTS Tongeren-Borgloon | €33.3m | €205.0m |
Key facts about SOLUCIOUS
- What is the company number of SOLUCIOUS?
- The company number of SOLUCIOUS is 0448.692.207. The VAT number is the same number with BE in front: BE 0448.692.207.
- Where is SOLUCIOUS based?
- The registered office is at Edingensesteenweg 196, 1500 Halle.Company details
- What does SOLUCIOUS do?
- According to the KBO register, the main activity is non-specialised wholesale (NACE 46392).
- What is the legal form of SOLUCIOUS?
- The legal form of SOLUCIOUS is Public limited company (NV).
- When was SOLUCIOUS founded?
- SOLUCIOUS was founded on 19-11-1992.
- Is SOLUCIOUS still active?
- Yes, SOLUCIOUS is an active enterprise in the KBO register.
- How many employees does SOLUCIOUS have?
- SOLUCIOUS had an average of 897.6 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does SOLUCIOUS fall under?
- In its 31-03-2026 annual accounts, SOLUCIOUS states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
- What is the turnover of SOLUCIOUS?
- The turnover of SOLUCIOUS was €325.8m in financial year 2026, according to the filed annual accounts.
- Is SOLUCIOUS profitable?
- In financial year 2026, SOLUCIOUS made a loss of €20.9m.
- Where can I find the annual accounts of SOLUCIOUS?
- SOLUCIOUS filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of SOLUCIOUS due?
- SOLUCIOUS must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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