Solvakem Belgium

Active

Private limited companyfounded 20206 yrs activeOlieweg 95, 2020 Antwerpen, BelgiumKBO/BCE: BE 0743.650.203

The computed 12-month bankruptcy probability of Solvakem Belgium is 1.5% (moderate). The 2026 annual accounts show equity of €49k and a net result of €23k. Equity is growing by ~23.3% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2026

63 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2025

Profitability76▲+6

Solvency37▲+7

Growth78▲+26

Track record100

Bankruptcy probability, 12 months

1.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity tight (current ratio 1.38 against 1.29 in 2025; short-term debt: 67.9% and cash: 46.8% of total assets), and 88.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 39

Relative position

BE, all sectors

reference

Sector 39

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2026

Solvency, return and age of the figures

Solvency

11.6%

Return on assets

5.5%

Age of the figures

6 mo

Latest accounts filed on time

The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 07-09-2026, 54 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2026

54 d early

2025

1 d early

2024

3 d early

2023

13 d late

2022

2 d late

2021

29 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

20-09-2026 today31-03-2027 close31-10-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2026, micro schema

Equity

€49k▲ 91.5%

2025 · €26k

2021: €15k 2022: €18k 2023: €14k 2024: €21k 2025: €26k

2021 → 2026

Total assets

€422k▼ 20.9%

2025 · €533k

2021: €111k 2022: €182k 2023: €310k 2024: €245k 2025: €533k

2021 → 2026

Net result

€23k▲ 385%

2025 · €5k

2021: €12k 2022: €3k 2023: €-3k 2024: €6k 2025: €5k

2021 → 2026

Working capital

€108k▼ 5.9%

2025 · €115k

2021: €8k 2022: €3k 2023: €122k 2024: €-15k 2025: €115k

2021 → 2026

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20222023202420252026Trend

Equity€18k-€14k▼ 18.0%€21k▲ 44.5%€26k▲ 23.3%€49k▲ 91.5%

Operating result€4k-€-1k€8k€10k▲ 28.2%€34k▲ 229%

Net result€3k-€-3k€6k€5k▼ 24.4%€23k▲ 385%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed three years in a row; 2026 is 229% above 2025 and is the highest result in the available series.

Balance-sheet composition

2026 in colour, 2025 as the grey bar beneath

Assets €422k

93.5%

Fixed assets €27k▼ 5.1%

Current assets €395k▼ 21.8%

Equity and liabilities €422k

12%

88.4%

Equity €49k▲ 91.5%

Debt €373k▼ 26.5%

The debt ratio falls from 95.2% to 88.4%. Equity is higher and debt is lower.

Key figures and ratios

2026 value · change against 2025

EBITDA

€42k▲

2025 · €21k

Cash flow

€31k▲

2025 · €16k

Solvency

11.6%▲

2025 · 4.8%

Current ratio

1.38▲

2025 · 1.29

Quick ratio

1.38▲

2025 · 1.29

Debt / equity

7.61▼

2025 · 19.83

ROE

47.8%▲

2025 · 18.9%

ROA

5.5%▲

2025 · 0.9%

Interest coverage

29.45▲

2025 · 6.01

Debt

€373k▼

2025 · €508k

Debt ≤ 1 year

€287k▼

2025 · €390k

Income taxes

€10k▲

2025 · €3k

Staff costs

€129k▲

2025 · €91k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2026 against 2025

Balance sheet Code20252026

Assets

Total assets20/58€533k€422k▼

Fixed assets21/28€29k€27k▼

Intangible fixed assets21€17k€13k▼

Tangible fixed assets22/27€12k€7k▼

Plant, machinery and equipment23€10k€7k▼

Furniture and vehicles24€1k€67▼

Other tangible fixed assets26€855€0▼

Financial fixed assets28-€8k

Current assets29/58€505k€395k▼

Amounts receivable within one year40/41€372k€192k▼

Trade receivables40€362k€171k▼

Other amounts receivable41€10k€21k▲

Cash at bank and in hand54/58€117k€197k▲

Deferred charges and accrued income490/1€15k€5k▼

Equity and liabilities

Total equity and liabilities10/49€533k€422k▼

Equity10/15€26k€49k▲

Contributions10/11€3k€3k=

Profit (loss) carried forward14€23k€47k▲

Amounts payable17/49€508k€373k▼

Amounts payable within one year42/48€390k€287k▼

Trade debts44€215k€180k▼

Suppliers440/4€215k€180k▼

Taxes, remuneration and social security45€71k€52k▼

Taxes450/3€57k€38k▼

Remuneration and social security454/9€14k€14k▲

Other amounts payable47/48€104k€54k▼

Accrued charges and deferred income492/3€118k€86k▼

Income statement Code20252026

Remuneration, social security and pensions62€91k€129k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€8k▼

Other operating charges640/8€728€1k▲

Gross operating margin9900€113k€173k▲

Operating profit (loss)9901€10k€34k▲

Financial income75/76B€748€0▼

Recurring financial income75€748€0▼

Financial charges65/66B€4k€1k▼

Recurring financial charges65€4k€1k▼

Profit (loss) for the period before taxes9903€8k€33k▲

Income taxes67/77€3k€10k▲

Profit (loss) for the period9904€5k€23k▲

Profit (loss) for the period to be appropriated9905€5k€23k▲

Appropriation of the result

Profit (loss) to be appropriated9906€23k€47k▲

Profit (loss) brought forward from the previous period14P€18k€23k▲

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 3Filings 6

Next filing, fiscal year 2027, expected by 31-10-2027

2026

07-09

NBB filing Annual accounts filed

fiscal year 2026 · micro schema

31-03

Financial Highest result since 2021net €23k ▲385%

Operating result €34k, net result €23k, both a record.

2025

30-10

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2024

28-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

31-03

Financial Back to profitnet €6k

Net result €6k after one loss-making year.

2023

13-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 13 days late

31-03

Financial Weakest financial yearnet €-3k ▼204%

Net result drops to €-3k, the lowest in the series; recovery starts the following year.

2022

02-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 2 days late

2021

29-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

01-09-2024 Resigned as Director

Location & real-estate footprint

Registered office, Antwerpen · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Olieweg 952020 Antwerpen

Ground area

4,840 m²

Building footprint

2,384 m²

Volume, LiDAR

10,454 m³

2 parcels, Flanders · tallest building 15.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Solvakem Belgium

Hundelgemsesteenweg 310, 9820 Merelbeke-MelleMining support service activities

since 20202.300.122.594

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11809I2910/00R000	Flanders	2,982 m²	1 · 930 m²	1.7 m
44043A0144/00T012	Flanders	1,858 m²	1 · 1,454 m²	15.8 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2023 to 2024 · 3 entries · 41,500 EUR awarded · 41,501 EUR paid

Year	Entries	awarded	paid
2024	1	-2,289 EUR	19,366 EUR
2023	2	43,789 EUR	22,135 EUR

Schemes

O&O-haalbaarheidsstudie

2 entries · 41,020 EUR · 41,021 EUR paid · Fonds voor Innoveren en Ondernemen

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 480 EUR · 480 EUR paid · Fonds voor Innoveren en Ondernemen

European Union, budget

2022 · 1 entry · 407,764 EUR in total

Year	Entries	awarded
2022	1	407,764 EUR

Projects

101091715 - FIREFLY - FLEXIBLE, PREDICTIVE AND RENEWABLE ELECTRICITY POWERED ELECTROCHEMICAL TOOLBOX FOR A SUSTAINABLE TRANSITION OF THE CATALYST-BASED EUROPEAN CHEMICAL INDUSTRY

1.0.11 - Horizon Europe · 01-01-2023 to 31-12-2026 · 407,764 EUR

European research

1 project · 407,765 EUR EU contribution

Programmes

HORIZON

1 entry · 407,765 EUR

Projects

FlexIble, predictive and Renewable Electricity powered electrochemical toolbox For a sustainable transition of the catalyst-based European chemicaL industrY

HORIZON · participant · 01-01-2023 to 31-12-2026 · 407,765 EUR · FIREFLY