SOLVENGO
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
33 d early
2022
26 d early
2021
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 31 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€36,569▲ 519%
2023 · €5,908
Total assets
€42,631▲ 80.6%
2023 · €23,602
Net result
€30,661▲ 36.4%
2023 · €22,478
Working capital
€36,569▲ 592%
2023 · €5,284
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result-€15,715--€49,904▼ 218%€22,581€30,730▲ 36.1%
Net result-€16,302--€50,268▼ 208%€22,478€30,661▲ 36.4%
Equity€33,698--€16,570€5,908€36,569▲ 519%
Total assets€47,175-€29,228▼ 38.0%€23,602▼ 19.2%€42,631▲ 80.6%
Debt€13,477-€45,798▲ 240%€17,694▼ 61.4%€6,062▼ 65.7%
Working capital€30,021--€18,733€5,284€36,569▲ 592%
Staff (FTE)1.8-2▲ 11.1%0.3▼ 85.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 36% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €42,631
Equity
€36,569 ▲ 519%
Debt
€6,062 ▼ 65.7%
Debt's share of the balance-sheet total falls from 75.0% to 14.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,940▲
2023 · €24,095
Cash flow
€30,871▲
2023 · €23,992
Current ratio
7.03▲
2023 · 1.30
Debt to equity
0.17▼
2023 · 2.99
ROE
83.8%▼
2023 · 380.5%
ROA
71.9%▼
2023 · 95.2%
Interest coverage
229.88▲
2023 · 97.14
Debt ≤ 1 year
€6,062▼
2023 · €17,670
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €54,600 | €70,433 | €8,015 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €866 | €1,515 | €1,515 | €210 | ▼ 86.1% |
| Other operating charges640/8 | €869 | €693 | €511 | €575 | ▲ 12.5% |
| Non-recurring operating charges66A | - | €1,072 | €0 | €2,689 | - |
| Gross operating margin9900 | €40,621 | €23,808 | €32,621 | €34,204 | ▲ 4.9% |
| Operating profit (loss)9901 | -€15,715 | -€49,904 | €22,581 | €30,730 | ▲ 36.1% |
| Financial income75/76B | €214 | €85 | €145 | €65 | ▼ 54.9% |
| Recurring financial income75 | €214 | €85 | €145 | €65 | ▼ 54.9% |
| Financial charges65/66B | €801 | €448 | €248 | €135 | ▼ 45.7% |
| Recurring financial charges65 | €801 | €448 | €248 | €135 | ▼ 45.7% |
| Profit (loss) for the period before taxes9903 | -€16,302 | -€50,268 | €22,478 | €30,661 | ▲ 36.4% |
| Profit (loss) for the period9904 | -€16,302 | -€50,268 | €22,478 | €30,661 | ▲ 36.4% |
| Profit (loss) for the period to be appropriated9905 | -€16,302 | -€50,268 | €22,478 | €30,661 | ▲ 36.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €47,175 | €29,228 | €23,602 | €42,631 | ▲ 80.6% |
| Fixed assets21/28 | €3,678 | €2,163 | €649 | - | - |
| Tangible fixed assets22/27 | €3,678 | €2,163 | €649 | - | - |
| Plant, machinery and equipment23 | €3,678 | €2,163 | €649 | - | - |
| Current assets29/58 | €43,498 | €27,065 | €22,953 | €42,631 | ▲ 85.7% |
| Amounts receivable within one year40/41 | €24,224 | €13,552 | €13,375 | €14,328 | ▲ 7.1% |
| Trade receivables40 | €21,974 | €11,166 | €11,125 | €9,328 | ▼ 16.2% |
| Other amounts receivable41 | €2,250 | €2,386 | €2,250 | €5,000 | ▲ 122% |
| Cash at bank and in hand54/58 | €18,426 | €13,513 | €9,578 | €28,303 | ▲ 195% |
| Deferred charges and accrued income490/1 | €848 | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €47,175 | €29,228 | €23,602 | €42,631 | ▲ 80.6% |
| Equity10/15 | €33,698 | -€16,570 | €5,908 | €36,569 | ▲ 519% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€16,302 | -€66,570 | -€44,092 | -€13,431 | ▲ 69.5% |
| Amounts payable17/49 | €13,477 | €45,798 | €17,694 | €6,062 | ▼ 65.7% |
| Amounts payable within one year42/48 | €13,477 | €45,798 | €17,670 | €6,062 | ▼ 65.7% |
| Trade debts44 | €2,305 | €5,895 | €1,560 | €4,829 | ▲ 209% |
| Suppliers440/4 | €2,305 | €5,895 | €1,560 | €4,829 | ▲ 209% |
| Taxes, remuneration and social security45 | €8,417 | €12,113 | €820 | €1,233 | ▲ 50.5% |
| Taxes450/3 | €2,288 | €3,675 | €820 | €1,233 | ▲ 50.5% |
| Remuneration and social security454/9 | €6,129 | €8,438 | €0 | - | - |
| Other amounts payable47/48 | €2,755 | €27,790 | €15,290 | - | - |
| Accrued charges and deferred income492/3 | - | - | €24 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,302 | -€50,268 | €22,478 | €30,661 | ▲ 36.4% |
| + Depreciation and write-downs630 | €866 | €1,515 | €1,515 | €210 | ▼ 86.1% |
| Operating cash flow (approximation) | -€15,436 | -€48,754 | €23,992 | €30,871 | ▲ 28.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - |
| Change in cash | - | -€4,913 | -€3,934 | €18,725 | ▲ 576% |
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €30,661 ▲36.4%
Operating result €30,730, net result €30,661, both a record.
31-12
Financial
Liquidity times 5current ratio 7.03
Current ratio from 1.30 to 7.03; short-term debt falls from €17,670 to €6,062.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €22,478
Net result €22,478 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.30
Current ratio from 0.59 to 1.30; short-term debt falls from €45,798 to €17,670.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€50,268
Net result drops to -€50,268, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Structure & network
Owners and holdings
1 ownerChain of control
- SOLVENGO
- SOLVENGO
Highest known parent: SOLVENGO. The sources do not say who stands above it.
Owners 1
- SOLVENGOparentSourceaccounts SOLVENGO 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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 · 1 entry · 210 EUR awarded · 210 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 210 EUR | 210 EUR |