SOLVAJO
ActiveSummary
SOLVAJO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €438k and a net result of €8k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 84% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 0.97 in 2024; short-term debt: 15.7% and cash: 13.1% of total assets), and 15.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
84.3%
Return on assets
1.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
28 d late
2023
14 d early
2022
12 d early
2021
3 d early
2020
2 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€438k▲ 1.4%
2024 · €432k
2018: €267k
2019: €349k
2020: €439k
2021: €419k
2022: €400k
2023: €414k
2024: €432k
2018 → 2025
Total assets
€520k▼ 1.6%
2024 · €528k
2018: €390k
2019: €464k
2020: €581k
2021: €755k
2022: €621k
2023: €534k
2024: €528k
2018 → 2025
Net result
€8k▼ 59.8%
2024 · €19k
2018: €67k
2019: €81k
2020: €115k
2021: €81k
2022: €29k
2023: €16k
2024: €19k
2018 → 2025
Working capital
€25k
2024 · €-3k
2018: €209k
2019: €228k
2020: €129k
2021: €-56k
2022: €-30k
2023: €-35k
2024: €-3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€419k-€400k▼ 4.6%€414k▲ 3.6%€432k▲ 4.3%€438k▲ 1.4%
Operating result€115k-€42k▼ 63.5%€29k▼ 30.1%€28k▼ 2.9%€13k▼ 54.6%
Net result€81k-€29k▼ 64.5%€16k▼ 43.8%€19k▲ 19.9%€8k▼ 59.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 55% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €520k
Fixed assets
€413k ▼ 5.0%
Current assets
€107k ▲ 14.3%
Equity and liabilities €520k
Equity
€438k ▲ 1.4%
Debt
€82k ▼ 14.9%
Debt's share of the balance-sheet total falls from 18.2% to 15.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▼
2024 · €51k
Cash flow
€30k▼
2024 · €42k
Current ratio
1.31▲
2024 · 0.97
Debt to equity
0.19▼
2024 · 0.22
ROE
1.8%▼
2024 · 4.5%
ROA
1.5%▼
2024 · 3.7%
Interest coverage
24.82▼
2024 · 139.20
Debt ≤ 1 year
€82k▼
2024 · €96k
Income taxes
€4k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€528k€520k▼
Fixed assets21/28€435k€413k▼
Tangible fixed assets22/27€435k€413k▼
Land and buildings22€376k€355k▼
Plant, machinery and equipment23€1k€592▼
Furniture and vehicles24€1k€2k▲
Other tangible fixed assets26€55k€55k=
Financial fixed assets28€55€55=
Current assets29/58€93k€107k▲
Amounts receivable within one year40/41€18k€20k▲
Trade receivables40€15k€15k▼
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€54k€68k▲
Deferred charges and accrued income490/1€22k€18k▼
Equity and liabilities
Total equity and liabilities10/49€528k€520k▼
Equity10/15€432k€438k▲
Contributions10/11€19k€19k=
Reserves13€411k€417k▲
Distributable reserves133€411k€417k▲
Profit (loss) carried forward14€3k€3k=
Amounts payable17/49€96k€82k▼
Amounts payable within one year42/48€96k€82k▼
Trade debts44€15k€6k▼
Suppliers440/4€15k€6k▼
Taxes, remuneration and social security45€8k€9k▲
Taxes450/3€8k€9k▲
Other amounts payable47/48€73k€66k▼
Accrued charges and deferred income492/3-€10
Income statement
Code20242025
Non-recurring operating income76A-€413
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k=
Other operating charges640/8€2k€2k▼
Gross operating margin9900€53k€37k▼
Operating profit (loss)9901€28k€13k▼
Financial income75/76B€0€0=
Recurring financial income75€0€0=
Financial charges65/66B€366€1k▲
Recurring financial charges65€366€1k▲
Profit (loss) for the period before taxes9903€28k€11k▼
Income taxes67/77€9k€4k▼
Profit (loss) for the period9904€19k€8k▼
Profit (loss) for the period to be appropriated9905€19k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€11k▼
Profit (loss) brought forward from the previous period14P€4k€3k▼
Transfer from equity791/2-€2k
Transfer to equity691/2€19k€8k▼
To other reserves6921€19k€8k▼
Profit to be distributed694/7€2k€2k=
Return on contributions (dividend)694€2k€2k=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €8k ▼59.8%
Net result drops to €8k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €115k ▲41.5%
Operating result €166k, net result €115k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Gent · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heiveldstraat 1149040 GentGround area
196 m²
Building footprint
104 m²
Volume, LiDAR
899 m³
Parcel 44432C0621/00B002, Flanders · tallest building 14.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Heiveldstraat 114, 9040 Gent
since 20112.199.440.257
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0621/00B002 | Flanders | 196 m² | 1 · 104 m² | 14.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Bentley Systems Solutions
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BE 0683.610.567
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Of 2,122 companies in sector 46500 we hold annual accounts for 1,403. 1,033 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.