SOLVUS

Active

Private limited companyfounded 20215 yrs activeTechnologiepark-Zwijnaarde 82 L 13, 9052 Gent, BelgiumKBO/BCE: BE 0771.457.727

Summary

SOLVUS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €406,905 and a net result of €170,841. Equity is growing by ~80.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 8085 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Risk analysis Watch Report Compare

SOLVUSActiveChecked score 59/100

Risk analysis Report Compare

Checked score

Score 2025

59 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability69▼-31

Solvency41▼-8

Growth78=

Track record94

Bankruptcy probability, 12 months

1.3% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €24,000 at 30 days acceptable

Liquidity tight (current ratio 1.32 against 1.31 in 2024; short-term debt: 75.7% and cash: 94.8% of total assets), and 83.7% of the assets are financed with debt.

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Signals

Five 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

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

16.3%

Return on assets

6.8%

Age of the figures

9 mo

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

Wholesale trade (NACE 46)

about 21% more bankruptcies

← fewer bankruptcies more bankruptcies →

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 8085 sector peers (2025).

NBB · sector comparison

Position among 8085 sector peers

Solvency

better than 22%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-07-2026, 19 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

19 d early

2024

30 d late

2023

29 d late

2022

16 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)

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

26-09-2026 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

History

SOLVUS was incorporated on 15 July 2021 as a Private limited company.¹ Total assets rose from EUR 687,741 in 2022 to EUR 2.5 million in 2025 and headcount from 1 full-time equivalents in 2023 to 1 in 2025.²

Go further with this company

How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Equity

€406,905▲ 21.1%

2024 · €336,064

Total assets

€2.5m▲ 75.4%

2024 · €1.4m

Net result

€170,841▼ 80.2%

2024 · €862,295

Working capital

€608,037▲ 79.7%

2024 · €338,447

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line2022202320242025

Operating result€95,699-€96,511▲ 0.8%€320,040▲ 232%€287,247▼ 10.2%

Net result€66,570-€54,199▼ 18.6%€862,295▲ 1,491%€170,841▼ 80.2%

Equity€69,570-€123,769▲ 77.9%€336,064▲ 172%€406,905▲ 21.1%

Total assets€687,741-€969,907▲ 41.0%€1.4m▲ 47.0%€2.5m▲ 75.4%

Debt€618,171-€846,138▲ 36.9%€1.1m▲ 28.8%€2.1m▲ 92.1%

Working capital-€145,144--€203,484▼ 40.2%€338,447€608,037▲ 79.7%

Staff (FTE)11=1=

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 2025; 2025 is 10% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €2.5m

100.0%

Fixed assets €791 ▼ 42.9%

Current assets €2.5m ▲ 75.5%

Equity and liabilities €2.5m

16.3%

83.7%

Equity €406,905 ▲ 21.1%

Debt €2.1m ▲ 92.1%

Debt's share of the balance-sheet total rises from 76.4% to 83.7%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€288,044▼

2024 · €320,678

Cash flow

€171,638▼

2024 · €862,933

Current ratio

1.32▲

2024 · 1.31

Debt to equity

5.15▲

2024 · 3.24

ROE

42.0%▼

2024 · 256.6%

ROA

6.8%▼

2024 · 60.5%

Interest coverage

4.96▼

2024 · 7.00

Debt ≤ 1 year

€1.9m▲

2024 · €1.1m

Income taxes

€59,689▼

2024 · €69,729

Staff costs

€202,632▲

2024 · €93,555

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

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines

Balance sheet Code20242025

Assets

Total assets20/58€1.4m€2.5m▲

Fixed assets21/28€1,385€791▼

Tangible fixed assets22/27€1,385€587▼

Plant, machinery and equipment23€1,385€587▼

Financial fixed assets28-€204

Current assets29/58€1.4m€2.5m▲

Amounts receivable within one year40/41€926,491€126,286▼

Trade receivables40€925,426€118,428▼

Other amounts receivable41€1,064€7,858▲

Cash at bank and in hand54/58€482,765€2.4m▲

Deferred charges and accrued income490/1€15,566€2,684▼

Equity and liabilities

Total equity and liabilities10/49€1.4m€2.5m▲

Equity10/15€336,064€406,905▲

Contributions10/11€3,000€3,000=

Reserves13€333,064€403,905▲

Distributable reserves133€333,064€403,905▲

Profit (loss) carried forward14-€0

Amounts payable17/49€1.1m€2.1m▲

Amounts payable within one year42/48€1.1m€1.9m▲

Financial debts43€600,000€0▼

Credit institutions430/8€600,000€0▼

Trade debts44€13,795€40,646▲

Suppliers440/4€13,795€40,646▲

Advances received on contracts in progress46€46,026€1.4m▲

Taxes, remuneration and social security45€72,554€91,428▲

Taxes450/3€72,523€78,060▲

Remuneration and social security454/9€31€13,369▲

Other amounts payable47/48€354,000€354,000=

Accrued charges and deferred income492/3€3,767€201,923▲

Income statement Code20242025

Remuneration, social security and pensions62€93,555€202,632▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€638€798▲

Other operating charges640/8€198€1,358▲

Gross operating margin9900€414,430€492,034▲

Operating profit (loss)9901€320,040€287,247▼

Financial income75/76B€657,820€1,319▼

Recurring financial income75€657,820€1,319▼

Financial charges65/66B€45,836€58,036▲

Recurring financial charges65€45,836€58,036▲

Profit (loss) for the period before taxes9903€932,024€230,529▼

Income taxes67/77€69,729€59,689▼

Profit (loss) for the period9904€862,295€170,841▼

Profit (loss) for the period to be appropriated9905€862,295€170,841▼

Appropriation of the result

Profit (loss) to be appropriated9906€862,295€170,841▼

Transfer from equity791/2-€100,000

Transfer to equity691/2€212,295€170,841▼

To other reserves6921€212,295€170,841▼

Profit to be distributed694/7€650,000€100,000▼

Return on contributions (dividend)694€650,000€100,000▼

Social balance

Average headcount (FTE)90871.01.0=

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2022	2023	2024	2025	Change
Remuneration, social security and pensions62	-	€79,799	€93,555	€202,632	▲ 117%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€1,206	€370	€638	€798	▲ 25.0%
Other operating charges640/8	-	€458	€198	€1,358	▲ 587%
Gross operating margin9900	€96,905	€177,139	€414,430	€492,034	▲ 18.7%
Operating profit (loss)9901	€95,699	€96,511	€320,040	€287,247	▼ 10.2%
Financial income75/76B	-	€0	€657,820	€1,319	▼ 99.8%
Recurring financial income75	-	€0	€657,820	€1,319	▼ 99.8%
Financial charges65/66B	€6,910	€23,778	€45,836	€58,036	▲ 26.6%
Recurring financial charges65	€6,910	€23,778	€45,836	€58,036	▲ 26.6%
Profit (loss) for the period before taxes9903	€88,789	€72,732	€932,024	€230,529	▼ 75.3%
Income taxes67/77	€22,219	€18,533	€69,729	€59,689	▼ 14.4%
Profit (loss) for the period9904	€66,570	€54,199	€862,295	€170,841	▼ 80.2%
Profit (loss) for the period to be appropriated9905	€66,570	€54,199	€862,295	€170,841	▼ 80.2%

Line	2022	2023	2024	2025	Change
Assets
Total assets20/58	€687,741	€969,907	€1.4m	€2.5m	▲ 75.4%
Fixed assets21/28	€214,714	€327,253	€1,385	€791	▼ 42.9%
Tangible fixed assets22/27	-	€788	€1,385	€587	▼ 57.6%
Plant, machinery and equipment23	-	€788	€1,385	€587	▼ 57.6%
Financial fixed assets28	€214,714	€326,465	-	€204	-
Current assets29/58	€473,027	€642,653	€1.4m	€2.5m	▲ 75.5%
Amounts receivable within one year40/41	€385,743	€595,156	€926,491	€126,286	▼ 86.4%
Trade receivables40	€381,914	€593,801	€925,426	€118,428	▼ 87.2%
Other amounts receivable41	€3,830	€1,355	€1,064	€7,858	▲ 638%
Cash at bank and in hand54/58	€86,283	€37,439	€482,765	€2.4m	▲ 391%
Deferred charges and accrued income490/1	€1,000	€10,058	€15,566	€2,684	▼ 82.8%
Equity and liabilities
Total equity and liabilities10/49	€687,741	€969,907	€1.4m	€2.5m	▲ 75.4%
Equity10/15	€69,570	€123,769	€336,064	€406,905	▲ 21.1%
Contributions10/11	€3,000	€3,000	€3,000	€3,000	=
Reserves13	€66,570	€120,769	€333,064	€403,905	▲ 21.3%
Distributable reserves133	€66,570	€120,769	€333,064	€403,905	▲ 21.3%
Profit (loss) carried forward14	-	-	-	€0	-
Amounts payable17/49	€618,171	€846,138	€1.1m	€2.1m	▲ 92.1%
Amounts payable within one year42/48	€618,171	€846,138	€1.1m	€1.9m	▲ 74.2%
Financial debts43	-	€400,000	€600,000	€0	▼ 100%
Credit institutions430/8	-	€400,000	€600,000	€0	▼ 100%
Trade debts44	€450	€43,786	€13,795	€40,646	▲ 195%
Suppliers440/4	€450	€43,786	€13,795	€40,646	▲ 195%
Advances received on contracts in progress46	-	€814	€46,026	€1.4m	▲ 2,955%
Taxes, remuneration and social security45	€83,721	€47,019	€72,554	€91,428	▲ 26.0%
Taxes450/3	€83,721	€47,019	€72,523	€78,060	▲ 7.6%
Remuneration and social security454/9	-	-	€31	€13,369	▲ 42,956%
Other amounts payable47/48	€534,000	€354,518	€354,000	€354,000	=
Accrued charges and deferred income492/3	-	-	€3,767	€201,923	▲ 5,260%

Line	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€66,570	€54,199	€862,295	€170,841	▼ 80.2%
+ Depreciation and write-downs630	€1,206	€370	€638	€798	▲ 25.0%
Operating cash flow (approximation)	€67,776	€54,570	€862,933	€171,638	▼ 80.1%
Investment in fixed assets (approximation)	-	-€112,910	€325,231	-€204	▼ 100%
Change in cash	-	-€48,844	€445,326	€1.9m	▲ 324%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 8Financial 4Filings 4

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

2026

12-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

30-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 30 days late

2024

31-12

Financial Highest result since 2022net €862,295 ▲1,491%

Operating result €320,040, net result €862,295, both a record.

31-12

Financial Equity above €200,000Eq €336,064 ▲172%

3 profitable years in a row build equity to €336,064.

29-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 29 days late

2023

31-12

Financial Weakest financial yearnet €54,199 ▼18.6%

Net result drops to €54,199, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €100,000Eq €123,769 ▲77.9%

2 profitable years in a row build equity to €123,769.

16-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 16 days late

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

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors

1 act for this company is 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 2021

seat establishment The establishment unit on the map

Ground area

2,851 m²

Building footprint

1,923 m²

Volume, LiDAR

8,681 m³

Parcel 44082B0143/00K000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

SOLVUS

Technologiepark-Zwijnaarde 82 L 13, 9052 GentWholesale of pharmaceutical and medical goods

since 20212.319.581.586

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44082B0143/00K000	Flanders	2,851 m²	1 · 1,922 m²	6.3 m · 2 fl.

Linked by address, not proof of ownership

Good to know

1 of 1 parcel 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

2024 · 1 entry · 2,475 EUR awarded · 2,475 EUR paid

Year	Entries	awarded	paid
2024	1	2,475 EUR	2,475 EUR

Schemes

Subsidies voor internationaal ondernemen

1 entry · 2,475 EUR · 2,475 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen

Similar companies · same sector, comparable size

Sint-Agatha-Berchem · Eq €409,738

ACE PHARMACEUTICALS BELGIUM

BE 0732.788.379

Sint-Martens-Latem · Eq €410,226

Kruisem · Eq €403,295

Of 1,902 companies in sector 46460 we hold annual accounts for 1,116. 758 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

Founded15-07-2021

Fiscal year end31-12

Activities, NACEBEL 2025

46460Wholesale of pharmaceutical and medical goods

82990Other business support services

Scores and ratios are computed by Checked and are not a credit decision.