SOLVAM

Active

Private limited companyfounded 20206 yrs activeRuitersweg 1, 3140 Keerbergen, BelgiumKBO/BCE: BE 0743.984.258

SOLVAM has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €20k. Equity is shrinking by ~38.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 25% of 13549 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2025

40 / 100

Weak▼ -15 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency3▼-33

Growth58=

Stability100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.31 against 0.81 in 2024), and 96% 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

Lower-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← 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 2025

Solvency, return and age of the figures

Solvency

Return on assets

25.8%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-04-2026, 114 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

114 d early

2024

85 d early

2023

84 d early

2022

70 d early

2021

80 d early

2020

88 d early

← before the deadline after the deadline →

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 months

Position in the running window

05-09-2026 today31-12-2026 close31-07-2027 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 2025, micro schema

Equity

€3k▼ 87.0%

2024 · €23k

2021: €43k 2022: €70k 2023: €34k 2024: €23k

2021 → 2025

Total assets

€76k▼ 12.5%

2024 · €87k

2021: €46k 2022: €77k 2023: €87k 2024: €87k

2021 → 2025

Net result

€20k▼ 2.2%

2024 · €20k

2021: €15k 2022: €26k 2023: €24k 2024: €20k

2021 → 2025

Working capital

€-45k▼ 437%

2024 · €-8k

2021: €43k 2022: €70k 2023: €30k 2024: €-8k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€43k-€70k▲ 60.4%€34k▼ 51.2%€23k▼ 32.1%€3k▼ 87.0%

Operating result€19k-€34k▲ 82.6%€32k▼ 7.2%€27k▼ 13.6%€27k▼ 2.8%

Net result€15k-€26k▲ 79.1%€24k▼ 6.8%€20k▼ 17.9%€20k▼ 2.2%

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 three years in a row; 2025 is 3% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €76k

72.6%

27.4%

Fixed assets €55k▲ 7.1%

Current assets €21k▼ 41.1%

Equity and liabilities €76k

96.0%

Equity €3k▼ 87.0%

Debt €73k▲ 14.4%

The debt ratio rises from 73.5% to 96.0%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€39k▲

2024 · €34k

Cash flow

€32k▲

2024 · €27k

Solvency

4.0%▼

2024 · 26.5%

Current ratio

0.31▼

2024 · 0.81

Quick ratio

0.31▼

2024 · 0.81

Debt / equity

24.29▲

2024 · 2.77

ROE

652.1%▲

2024 · 87.0%

ROA

25.8%▲

2024 · 23.1%

Interest coverage

24.24▲

2024 · 15.24

Debt

€73k▲

2024 · €64k

Debt ≤ 1 year

€66k▲

2024 · €44k

Debt > 1 year

€7k▼

2024 · €20k

Income taxes

€5k▲

2024 · €5k

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 · 2025 against 2024

Balance sheet Code20242025

Total assets 20/58€87k€76k▼

Fixed assets 21/28€51k€55k▲

Tangible fixed assets 22/27€51k€55k▲

Current assets 29/58€35k€21k▼

Amounts receivable within one year 40/41-€13k

Cash & bank 54/58€22k€7k▼

Total equity & liabilities 10/49€87k€76k▼

Equity 10/15€23k€3k▼

Contributions / capital 10/11€3k€3k=

Accumulated profits (losses) 14€20k-

Amounts payable 17/49€64k€73k▲

Amounts payable after one year 17€20k€7k▼

Amounts payable within one year 42/48€44k€66k▲

Trade debts payable within one year 44-€1k

Income statement Code20242025

Gross operating margin 9900€35k€40k▲

Operating result 9901€27k€27k▼

Financial income 75€0€5▲

Financial charges 65€2k€2k▼

Result before taxes 9903€25k€25k▼

Income taxes 67/77€5k€5k▲

Net result for the period 9904€20k€20k▼

Result to be appropriated 9905€20k€20k▼

Timeline · acts, filings and financial milestones

All 8Financial 1Gazette 1Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

08-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

07-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

08-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

25-04

State Gazette act Registered-office change

2023

22-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2021net €26k ▲79.1%

Operating result €34k, net result €26k, both a record.

12-05

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

04-05

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 2 acts read

About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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