Summary
SOLYCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €24.49M and a net result of €537k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 95% of 5547 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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.
Credit check for your own amount and term
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 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
14 d late
2023
21 d late
2022
26 d late
2021
4 d early
2020
51 d late
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€24.49M▲ 2.2%
2024 · €23.96M
2018: €10.78Mlowest in 8 years
2019: €10.93M▲ +1.4% vs 2018
2020: €11.00M▲ +0.7% vs 2019
2021: €15.08M▲ +37.1% vs 2020
2022: €21.23M▲ +40.7% vs 2021
2023: €23.61M▲ +11.2% vs 2022
2024: €23.96M▲ +1.5% vs 2023
2025: €24.49M▲ +2.2% vs 2024highest in 8 years
2018 → 2025
Net result
€537k▲ 52.7%
2024 · €351k
2018: €114k
2019: €151k▲ +31.8% vs 2018
2020: €72k▼ -52.5% vs 2019lowest in 8 years
2021: €4.08M▲ +5600% vs 2020
2022: €6.14M▲ +50.6% vs 2021highest in 8 years
2023: €2.59M▼ -57.8% vs 2022
2024: €351k▼ -86.4% vs 2023
2025: €537k▲ +52.7% vs 2024
2018 → 2025
Total assets
€24.61M▲ 1.8%
2024 · €24.16M
2018: €11.13Mlowest in 8 years
2019: €11.28M▲ +1.3% vs 2018
2020: €11.39M▲ +1.0% vs 2019
2021: €15.47M▲ +35.9% vs 2020
2022: €21.61M▲ +39.6% vs 2021
2023: €23.91M▲ +10.7% vs 2022
2024: €24.16M▲ +1.0% vs 2023
2025: €24.61M▲ +1.8% vs 2024highest in 8 years
2018 → 2025
Solvency
99.5%▲ 0.4pp
2024 · 99.2%
2018: 96.9%
2019: 97.0%▲ +0.1% vs 2018
2020: 96.6%▼ -0.4% vs 2019lowest in 8 years
2021: 97.5%▲ +0.9% vs 2020
2022: 98.3%▲ +0.8% vs 2021
2023: 98.7%▲ +0.5% vs 2022
2024: 99.2%▲ +0.4% vs 2023
2025: 99.5%▲ +0.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€15.08M-€21.23M▲ 40.7%€23.61M▲ 11.2%€23.96M▲ 1.5%€24.49M▲ 2.2%
2021: €15.08Mlowest in 5 years
2022: €21.23M▲ +40.7% vs 2021
2023: €23.61M▲ +11.2% vs 2022
2024: €23.96M▲ +1.5% vs 2023
2025: €24.49M▲ +2.2% vs 2024highest in 5 years
Operating result€91k-€85k▼ 6.3%€41k▼ 52.5%€64k▲ 56.8%€45k▼ 29.9%
2021: €91khighest in 5 years
2022: €85k▼ -6.3% vs 2021
2023: €41k▼ -52.5% vs 2022lowest in 5 years
2024: €64k▲ +56.8% vs 2023
2025: €45k▼ -29.9% vs 2024
Net result€4.08M-€6.14M▲ 50.6%€2.59M▼ 57.8%€351k▼ 86.4%€537k▲ 52.7%
2021: €4.08M
2022: €6.14M▲ +50.6% vs 2021highest in 5 years
2023: €2.59M▼ -57.8% vs 2022
2024: €351k▼ -86.4% vs 2023lowest in 5 years
2025: €537k▲ +52.7% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24.61M
Fixed assets
€9.53M =
Current assets
€15.08M ▲ 3.1%
Equity and liabilities €24.61M
Equity
€24.49M ▲ 2.2%
Debt
€114k ▼ 44.1%
Debt's share of the balance-sheet total falls from 0.8% to 0.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
2.2%▲
2024 · 1.5%
ROA
2.2%▲
2024 · 1.5%
Debt ≤ 1 year
€104k▼
2024 · €195k
Income taxes
€41k▲
2024 · €24k
A ratio outside any meaningful range has been withheld (balance sheet total €24.61M, equity €24.49M).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€24.16M€24.61M▲
Fixed assets21/28€9.53M€9.53M=
Financial fixed assets28€9.53M€9.53M=
Current assets29/58€14.63M€15.08M▲
Amounts receivable within one year40/41€5.52M€5.94M▲
Trade receivables40€24k€133k▲
Other amounts receivable41€5.50M€5.81M▲
Current investments50/53€8.56M€8.67M▲
Cash at bank and in hand54/58€550k€465k▼
Deferred charges and accrued income490/1€334€334=
Equity and liabilities
Total equity and liabilities10/49€24.16M€24.61M▲
Equity10/15€23.96M€24.49M▲
Contributions10/11€9.46M€9.46M=
Reserves13€167k€167k=
Non-distributable reserves130/1€167k€167k=
Reserves not available under the articles1311€167k€167k=
Profit (loss) carried forward14€14.33M€14.87M▲
Amounts payable17/49€205k€114k▼
Amounts payable within one year42/48€195k€104k▼
Trade debts44€11k€24k▲
Suppliers440/4€11k€24k▲
Taxes, remuneration and social security45€7k€15k▲
Taxes450/3€7k€15k▲
Other amounts payable47/48€178k€65k▼
Accrued charges and deferred income492/3€10k€11k▲
Income statement
Code20242025
Other operating charges640/8€13k€13k▼
Gross operating margin9900€77k€58k▼
Operating profit (loss)9901€64k€45k▼
Financial income75/76B€337k€545k▲
Recurring financial income75€337k€545k▲
Financial charges65/66B€26k€12k▼
Recurring financial charges65€26k€12k▼
Profit (loss) for the period before taxes9903€375k€578k▲
Income taxes67/77€24k€41k▲
Profit (loss) for the period9904€351k€537k▲
Profit (loss) for the period to be appropriated9905€351k€537k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14.33M€14.87M▲
Profit (loss) brought forward from the previous period14P€13.98M€14.33M▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €988 | €7k | €10k | €13k | €13k | ▼ 2.1% |
| Gross operating margin9900 | €92k | €92k | €50k | €77k | €58k | ▼ 25.1% |
| Operating profit (loss)9901 | €91k | €85k | €41k | €64k | €45k | ▼ 29.9% |
| Financial income75/76B | €4.03M | €6.10M | €2.57M | €337k | €545k | ▲ 61.6% |
| Recurring financial income75 | €4.03M | €6.10M | €2.57M | €337k | €545k | ▲ 61.6% |
| Financial charges65/66B | €15k | €14k | €30 | €26k | €12k | ▼ 54.4% |
| Recurring financial charges65 | €15k | €14k | €30 | €26k | €12k | ▼ 54.4% |
| Profit (loss) for the period before taxes9903 | €4.10M | €6.17M | €2.61M | €375k | €578k | ▲ 54.1% |
| Income taxes67/77 | €21k | €24k | €20k | €24k | €41k | ▲ 75.1% |
| Profit (loss) for the period9904 | €4.08M | €6.14M | €2.59M | €351k | €537k | ▲ 52.7% |
| Profit (loss) for the period to be appropriated9905 | €4.08M | €6.14M | €2.59M | €351k | €537k | ▲ 52.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15.47M | €21.61M | €23.91M | €24.16M | €24.61M | ▲ 1.8% |
| Fixed assets21/28 | €9.53M | €9.53M | €9.53M | €9.53M | €9.53M | = |
| Financial fixed assets28 | €9.53M | €9.53M | €9.53M | €9.53M | €9.53M | = |
| Current assets29/58 | €5.94M | €12.07M | €14.38M | €14.63M | €15.08M | ▲ 3.1% |
| Amounts receivable within one year40/41 | €1.79M | €5.41M | €5.44M | €5.52M | €5.94M | ▲ 7.6% |
| Trade receivables40 | €36k | €85k | €121k | €24k | €133k | ▲ 450% |
| Other amounts receivable41 | €1.75M | €5.33M | €5.32M | €5.50M | €5.81M | ▲ 5.6% |
| Current investments50/53 | €4.01M | €6.07M | €8.89M | €8.56M | €8.67M | ▲ 1.3% |
| Cash at bank and in hand54/58 | €139k | €587k | €51k | €550k | €465k | ▼ 15.5% |
| Deferred charges and accrued income490/1 | €334 | €334 | €338 | €334 | €334 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15.47M | €21.61M | €23.91M | €24.16M | €24.61M | ▲ 1.8% |
| Equity10/15 | €15.08M | €21.23M | €23.61M | €23.96M | €24.49M | ▲ 2.2% |
| Contributions10/11 | €9.46M | €9.46M | €9.46M | €9.46M | €9.46M | = |
| Reserves13 | €167k | €167k | €167k | €167k | €167k | = |
| Non-distributable reserves130/1 | €167k | €167k | €167k | €167k | €167k | = |
| Reserves not available under the articles1311 | €167k | €167k | €167k | €167k | €167k | = |
| Profit (loss) carried forward14 | €5.46M | €11.60M | €13.98M | €14.33M | €14.87M | ▲ 3.7% |
| Amounts payable17/49 | €390k | €376k | €306k | €205k | €114k | ▼ 44.1% |
| Amounts payable within one year42/48 | €375k | €362k | €306k | €195k | €104k | ▼ 46.9% |
| Trade debts44 | €410 | - | - | €11k | €24k | ▲ 114% |
| Suppliers440/4 | €410 | - | - | €11k | €24k | ▲ 114% |
| Taxes, remuneration and social security45 | €11k | €14k | €10k | €7k | €15k | ▲ 130% |
| Taxes450/3 | €11k | €14k | €10k | €7k | €15k | ▲ 130% |
| Other amounts payable47/48 | €364k | €348k | €296k | €178k | €65k | ▼ 63.4% |
| Accrued charges and deferred income492/3 | €15k | €14k | - | €10k | €11k | ▲ 12.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.08M | €6.14M | €2.59M | €351k | €537k | ▲ 52.7% |
| Operating cash flow (approximation) | €4.08M | €6.14M | €2.59M | €351k | €537k | ▲ 52.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €448k | €-536k | €499k | €-85k | ▼ 117% |
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
Next filing, fiscal year 2026, expected by
2026
02-09
State Gazette act
Permanent representative · Director reappointment
Director appointment · Auditor reappointment
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 14 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 26 days late
2022
31-12
Financial
Highest result since 2018net €6.14M ▲50.6%
Net result €6.14M, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 33.35
Current ratio from 15.84 to 33.35; short-term debt falls from €375k to €362k.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 15.84
Current ratio from 5.00 to 15.84.
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 51 days late
2020
31-12
Financial
Weakest financial yearnet €72k ▼52.5%
Net result drops to €72k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB 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 2009
Ground area
1,142 m²
Building footprint
202 m²
Volume, LiDAR
1,117 m³
Parcel 44051C0509/00R000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Solyco
since 20092.181.400.138
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051C0509/00R000 | Flanders | 1,142 m² | 1 · 202 m² | 8.6 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.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
6994001IH6YAKPRUUZ38
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 3,901 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
Founded28-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.