Summary
SOLVAS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €4.2m and a net result of €88,013. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 41% of 6167 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-09-2025, 46 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
46 d late
2023
19 d early
2022
22 d late
2021
30 d late
2020
82 d late
2019
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 37 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#4 company by total assets in Lievegem, Finance and insurance sector#6 company by equity in Lievegem, Finance and insurance sector
Equity
€4.2m▲ 2.2%
2023 · €4.1m
Net result
€88,013▼ 69.4%
2023 · €288,032
Total assets
€10.0m▲ 12.2%
2023 · €8.9m
Solvency
41.9%▼ 4.1pp
2023 · 46.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€190,509▲ 821%€498,757▲ 162%€86,221▼ 82.7%€289,440▲ 236%€90,779▼ 68.6%
Net result€106,373within the sector's middle half▲ 726%€777,974above the sector's middle half▲ 631%€22,893within the sector's middle half▼ 97.1%€288,032above the sector's middle half▲ 1,158%€88,013within the sector's middle half▼ 69.4%
Equity€3.0mabove the sector's middle half▲ 3.1%€3.8mabove the sector's middle half▲ 26.0%€3.8mabove the sector's middle half▲ 0.6%€4.1mabove the sector's middle half▲ 7.6%€4.2mabove the sector's middle half▲ 2.2%
Total assets€9.3mabove the sector's middle half▲ 46.1%€8.6mabove the sector's middle half▼ 7.2%€9.0mabove the sector's middle half▲ 4.1%€8.9mabove the sector's middle half▼ 1.4%€10.0mabove the sector's middle half▲ 12.2%
Debt€6.3m▲ 82.2%€4.9m▼ 22.9%€5.2m▲ 6.9%€4.8m▼ 8.0%€5.8m▲ 20.7%
Working capital-€2.0mbelow the sector's middle half▼ 144%-€468,086below the sector's middle half▲ 76.6%-€544,058below the sector's middle half▼ 16.2%-€508,628below the sector's middle half▲ 6.5%-€1.3mbelow the sector's middle half▼ 158%
Solvency32.2%within the sector's middle half▼ 13.4pp43.7%within the sector's middle half▲ 11.5pp42.2%within the sector's middle half▼ 1.5pp46.0%within the sector's middle half▲ 3.9pp41.9%within the sector's middle half▼ 4.1pp
Current ratio0.32below the sector's middle half▼ 0.120.40within the sector's middle half▲ 0.070.48within the sector's middle half▲ 0.090.46within the sector's middle half▼ 0.030.55within the sector's middle half▲ 0.09
Return on assets (ROA)1.1%within the sector's middle half▲ 0.9pp9.0%within the sector's middle half▲ 7.9pp0.3%below the sector's middle half▼ 8.7pp3.2%within the sector's middle half▲ 3.0pp0.9%within the sector's middle half▼ 2.4pp
Staff (FTE)3.1within the sector's middle half▲ 158%4.3above the sector's middle half▲ 38.7%4.7above the sector's middle half▲ 9.3%3.2above the sector's middle half▼ 31.9%2.4above the sector's middle half▼ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 69% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10.0m
Fixed assets
€8.4m ▼ 0.9%
Current assets
€1.6m ▲ 268%
Equity and liabilities €10.0m
Equity
€4.2m ▲ 2.2%
Debt
€5.8m ▲ 20.7%
Debt's share of the balance-sheet total rises from 54.0% to 58.1%. Equity and debt are higher.
Key figures and ratios
ROE
2.1%▼
2023 · 7.1%
Debt ≤ 1 year
€2.9m▲
2023 · €938,901
Debt > 1 year
€2.8m▼
2023 · €3.8m
Income taxes
€14,147▼
2023 · €61,565
Staff costs
€207,789▼
2023 · €269,642
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €303,552 | €325,802 | €269,642 | €207,789 | ▼ 22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,813 | €53,793 | €64,834 | €85,515 | €86,137 | ▲ 0.7% |
| Other operating charges640/8 | - | €2,145 | €1,663 | €8,732 | €1,923 | ▼ 78.0% |
| Gross operating margin9900 | €421,801 | €858,247 | €478,520 | €653,328 | €386,628 | ▼ 40.8% |
| Operating profit (loss)9901 | €190,509 | €498,757 | €86,221 | €289,440 | €90,779 | ▼ 68.6% |
| Financial income75/76B | - | €451,622 | €69 | €150,000 | €80,176 | ▼ 46.5% |
| Recurring financial income75 | €5,545 | €451,622 | €69 | €150,000 | €80,176 | ▼ 46.5% |
| Financial charges65/66B | - | €52,676 | €61,732 | €89,843 | €68,795 | ▼ 23.4% |
| Recurring financial charges65 | €60,739 | €52,676 | €61,732 | €89,843 | €68,795 | ▼ 23.4% |
| Profit (loss) for the period before taxes9903 | €135,314 | €897,703 | €24,558 | €349,597 | €102,160 | ▼ 70.8% |
| Income taxes67/77 | €28,941 | €119,729 | €1,665 | €61,565 | €14,147 | ▼ 77.0% |
| Profit (loss) for the period9904 | €106,373 | €777,974 | €22,893 | €288,032 | €88,013 | ▼ 69.4% |
| Profit (loss) for the period to be appropriated9905 | €106,373 | €777,974 | €22,893 | €288,032 | €88,013 | ▼ 69.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.3m | €8.6m | €9.0m | €8.9m | €10.0m | ▲ 12.2% |
| Fixed assets21/28 | €8.4m | €8.3m | €8.5m | €8.4m | €8.4m | ▼ 0.9% |
| Tangible fixed assets22/27 | €172,716 | €156,261 | €313,174 | €265,440 | €188,704 | ▼ 28.9% |
| Plant, machinery and equipment23 | - | €155,254 | €120,871 | €96,586 | - | - |
| Furniture and vehicles24 | - | - | €12,126 | €12,125 | €54,920 | ▲ 353% |
| Other tangible fixed assets26 | - | €1,007 | €180,177 | €156,729 | €133,783 | ▼ 14.6% |
| Financial fixed assets28 | €8.2m | €8.2m | €8.2m | €8.2m | €8.2m | = |
| Current assets29/58 | €956,895 | €309,468 | €510,446 | €430,272 | €1.6m | ▲ 268% |
| Amounts receivable after more than one year29 | - | €256,919 | €171,919 | €152,618 | - | - |
| Other amounts receivable291 | - | €256,919 | €171,919 | €152,618 | - | - |
| Amounts receivable within one year40/41 | €920,672 | €23,879 | €307,010 | €169,714 | €1.6m | ▲ 822% |
| Trade receivables40 | - | €63 | €239,677 | €169,714 | €1.5m | ▲ 802% |
| Other amounts receivable41 | - | €23,816 | €67,333 | - | €33,765 | - |
| Cash at bank and in hand54/58 | €26,461 | €16,446 | €22,076 | €94,968 | €8,106 | ▼ 91.5% |
| Deferred charges and accrued income490/1 | - | €12,223 | €9,440 | €12,973 | €13,061 | ▲ 0.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.3m | €8.6m | €9.0m | €8.9m | €10.0m | ▲ 12.2% |
| Equity10/15 | €3.0m | €3.8m | €3.8m | €4.1m | €4.2m | ▲ 2.2% |
| Contributions10/11 | - | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Reserves13 | €540,928 | €1.3m | €1.3m | €1.6m | €1.7m | ▲ 5.4% |
| Non-distributable reserves130/1 | - | €33,128 | €33,128 | €33,128 | - | - |
| Reserves not available under the articles1311 | - | €33,128 | €33,128 | €33,128 | - | - |
| Tax-exempt reserves132 | - | €8,304 | €8,304 | €8,304 | €8,304 | = |
| Distributable reserves133 | - | €1.3m | €1.3m | €1.6m | €1.7m | ▲ 7.6% |
| Amounts payable17/49 | €6.3m | €4.9m | €5.2m | €4.8m | €5.8m | ▲ 20.7% |
| Amounts payable after more than one year17 | €3.3m | €4.0m | €4.1m | €3.8m | €2.8m | ▼ 25.2% |
| Financial debts170/4 | - | €4.0m | €4.1m | €3.8m | €2.8m | ▼ 25.2% |
| Amounts payable within one year42/48 | €3.0m | €777,554 | €1.1m | €938,901 | €2.9m | ▲ 209% |
| Current portion of amounts payable after more than one year42 | - | €377,256 | €470,460 | €447,556 | €438,933 | ▼ 1.9% |
| Financial debts43 | - | €134,435 | €31,428 | €18,570 | €18,918 | ▲ 1.9% |
| Credit institutions430/8 | - | €134,435 | €31,428 | €18,570 | €18,918 | ▲ 1.9% |
| Trade debts44 | €181,483 | €38,142 | €144,809 | €79,445 | €135,636 | ▲ 70.7% |
| Suppliers440/4 | - | €38,142 | €144,809 | €79,445 | €135,636 | ▲ 70.7% |
| Taxes, remuneration and social security45 | - | €54,139 | €32,018 | €32,176 | €13,393 | ▼ 58.4% |
| Taxes450/3 | - | €28,818 | - | €12,565 | - | - |
| Remuneration and social security454/9 | - | €25,321 | €32,018 | €19,611 | €13,393 | ▼ 31.7% |
| Other amounts payable47/48 | - | €173,580 | €375,789 | €361,152 | €2.3m | ▲ 534% |
| Accrued charges and deferred income492/3 | - | €45,743 | €14,866 | €41,397 | €32,692 | ▼ 21.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106,373 | €777,974 | €22,893 | €288,032 | €88,013 | ▼ 69.4% |
| + Depreciation and write-downs630 | €35,813 | €53,793 | €64,834 | €85,515 | €86,137 | ▲ 0.7% |
| Operating cash flow (approximation) | €142,186 | €831,767 | €87,727 | €373,546 | €174,151 | ▼ 53.4% |
| Investment in fixed assets (approximation) | - | -€35,164 | -€222,457 | -€37,780 | -€9,401 | ▲ 75.1% |
| Change in cash | - | -€10,015 | €5,630 | €72,892 | -€86,862 | ▼ 219% |
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
18-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 46 days late
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 22 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €777,974 ▲631%
Operating result €498,757, net result €777,974, both a record.
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 82 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 59 days late
2019
31-12
Financial
Weakest financial yearnet €12,882 ▼97.2%
Net result drops to €12,882, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 66 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Lievegem · 2 establishment units since 2010
Ground area
3,017 m²
Building footprint
654 m²
Volume, LiDAR
4,107 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
18
companies at this address
See who is registered here
2 establishment units
SOLVAS
since 20102.231.419.771
Koning Leopoldlaan 12, 9990 Maldegem
since 20242.358.062.872
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43010C0101/00L000 | Flanders | 2,330 m² | 1 · 193 m² | 10.6 m · 2 fl. |
| 44080D0988/00N000 | Flanders | 688 m² | 1 · 461 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
4 holdings · 5 subsidiaries in the treeOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 4
-
100%
-
100%
-
100%
-
99.98%
All subsidiaries, including indirect ones 5
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- KANTOOR PATTYN 100%
- SOLVAS FINANCE 100%
- Solvas Life 100%
SOLVAS RISK 99.98%1 subsidiary
According to the 2024 annual accounts of SOLVAS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 6,715 EUR awarded · 10,615 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,637 EUR | 1,637 EUR |
| 2024 | 1 | 600 EUR | 4,500 EUR |
| 2022 | 1 | 4,478 EUR | 4,478 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 8,711 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
66220Insurance agents and brokers
66199Other activities auxiliary to financial services, excluding insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0828146606
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.