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V-SOLVE

Active Risk: not assessed
Private limited companyfounded 2021active for 4 yearsZuid Torhoutstraat 20, 8650 Houthulst, BelgiumKBO/BCE: BE 0777.991.864
Summary

V-SOLVE 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 €248,946 and a net result of €153,013. Equity is growing by about 37% per year across the filed financial years. Its solvency ranks better than 47% of 6,680 sector peers (NACE 64, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, abbreviated format

Equity
€248,946▼ 25.9%
2024 · €335,932
Net result
€153,013▲ 25.8%
2024 · €121,600
Total assets
€526,739▼ 3.2%
2024 · €544,214
Solvency
47.3%▼ 14.5pp
2024 · 61.7%
Trend over the years

2022 to 2025, 4 financial years

The operating result recovers in 2025; 2025 is 97% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€70,030 2025 Net result€153,013 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2022202320242025
Operating result€57,826-€49,710▼ 14.0%€35,531▼ 28.5%€70,030▲ 97.1%
Net result€38,704within the sector's middle half-€120,628within the sector's middle half▲ 212%€121,600within the sector's middle half▲ 0.8%€153,013within the sector's middle half▲ 25.8%
Equity€93,704below the sector's middle half-€214,332within the sector's middle half▲ 129%€335,932within the sector's middle half▲ 56.7%€248,946within the sector's middle half▼ 25.9%
Total assets€347,842below the sector's middle half-€443,713below the sector's middle half▲ 27.6%€544,214below the sector's middle half▲ 22.7%€526,739below the sector's middle half▼ 3.2%
Debt€254,138-€229,380▼ 9.7%€208,281▼ 9.2%€277,793▲ 33.4%
Working capital-€14,439within the sector's middle half-€77,618within the sector's middle half€170,647within the sector's middle half▲ 120%€55,089within the sector's middle half▼ 67.7%
Solvency26.9%within the sector's middle half-48.3%within the sector's middle half▲ 21.4pp61.7%within the sector's middle half▲ 13.4pp47.3%within the sector's middle half▼ 14.5pp
Current ratio0.87within the sector's middle half-1.67within the sector's middle half▲ 0.802.39within the sector's middle half▲ 0.721.25within the sector's middle half▼ 1.14
Return on assets (ROA)11.1%within the sector's middle half-27.2%above the sector's middle half▲ 16.1pp22.3%above the sector's middle half▼ 4.8pp29.0%above the sector's middle half▲ 6.7pp
above within below the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €526,739
Fixed assets €251,000 =
Current assets €275,739 ▼ 6.0%
Equity and liabilities €526,739
Equity €248,946 ▼ 25.9%
Debt €277,793 ▲ 33.4%
Debt's share of the balance-sheet total rises from 38.3% to 52.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
ROE
61.5%▲
2024 · 36.2%
Debt ≤ 1 year
€220,650▲
2024 · €122,567
Debt > 1 year
€57,143▼
2024 · €85,714
Income taxes
€14,717▲
2024 · €6,156
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€544,214€526,739▼
Fixed assets21/28€251,000€251,000=
Financial fixed assets28€251,000€251,000=
Current assets29/58€293,214€275,739▼
Stocks and contracts in progress3€61,219€61,219=
Stocks30/36€61,219€61,219=
Amounts receivable within one year40/41€14,000€0▼
Other amounts receivable41€14,000€0▼
Current investments50/53€48,185€100,000▲
Cash at bank and in hand54/58€169,555€114,040▼
Deferred charges and accrued income490/1€255€480▲
Equity and liabilities
Total equity and liabilities10/49€544,214€526,739▼
Equity10/15€335,932€248,946▼
Contributions10/11€55,000€55,000=
Reserves13€280,932€193,946▼
Distributable reserves133€280,932€193,946▼
Profit (loss) carried forward14-€0
Amounts payable17/49€208,281€277,793▲
Amounts payable after more than one year17€85,714€57,143▼
Financial debts170/4€85,714€57,143▼
Amounts payable within one year42/48€122,567€220,650▲
Current portion of amounts payable after more than one year42€28,571€28,571=
Trade debts44€1,263€314▼
Suppliers440/4€1,263€314▼
Taxes, remuneration and social security45€19,861€12,396▼
Taxes450/3€17,746€9,634▼
Remuneration and social security454/9€2,116€2,763▲
Other amounts payable47/48€72,871€179,369▲
Income statement Code20242025
Other operating charges640/8€995€1,024▲
Gross operating margin9900€36,526€71,054▲
Operating profit (loss)9901€35,531€70,030▲
Financial income75/76B€103,578€105,242▲
Recurring financial income75€103,578€105,242▲
Financial charges65/66B€11,354€7,542▼
Recurring financial charges65€11,354€7,542▼
Profit (loss) for the period before taxes9903€127,756€167,730▲
Income taxes67/77€6,156€14,717▲
Profit (loss) for the period9904€121,600€153,013▲
Profit (loss) for the period to be appropriated9905€121,600€153,013▲
Appropriation of the result
Profit (loss) to be appropriated9906€121,600€153,013▲
Transfer from equity791/2-€120,000
Transfer to equity691/2€121,600€33,013▼
To other reserves6921€121,600€33,013▼
Profit to be distributed694/7-€240,000
Return on contributions (dividend)694-€240,000

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,158€0---
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4,000€0---
Other operating charges640/8€358€1,475€995€1,024▲ 3.0%
Gross operating margin9900€63,343€51,185€36,526€71,054▲ 94.5%
Operating profit (loss)9901€57,826€49,710€35,531€70,030▲ 97.1%
Financial income75/76B-€100,000€103,578€105,242▲ 1.6%
Recurring financial income75-€100,000€103,578€105,242▲ 1.6%
Financial charges65/66B€4,122€8,540€11,354€7,542▼ 33.6%
Recurring financial charges65€4,122€8,540€11,354€7,542▼ 33.6%
Profit (loss) for the period before taxes9903€53,704€141,170€127,756€167,730▲ 31.3%
Income taxes67/77€15,000€20,542€6,156€14,717▲ 139%
Profit (loss) for the period9904€38,704€120,628€121,600€153,013▲ 25.8%
Profit (loss) for the period to be appropriated9905€38,704€120,628€121,600€153,013▲ 25.8%
Line2022202320242025Change
Assets
Total assets20/58€347,842€443,713€544,214€526,739▼ 3.2%
Fixed assets21/28€251,000€251,000€251,000€251,000=
Financial fixed assets28€251,000€251,000€251,000€251,000=
Current assets29/58€96,842€192,713€293,214€275,739▼ 6.0%
Stocks and contracts in progress3€61,219€61,219€61,219€61,219=
Stocks30/36€61,219€61,219€61,219€61,219=
Amounts receivable within one year40/41€27,951€0€14,000€0▼ 100%
Trade receivables40€27,951€0---
Other amounts receivable41--€14,000€0▼ 100%
Current investments50/53--€48,185€100,000▲ 108%
Cash at bank and in hand54/58€7,672€131,246€169,555€114,040▼ 32.7%
Deferred charges and accrued income490/1-€248€255€480▲ 88.4%
Equity and liabilities
Total equity and liabilities10/49€347,842€443,713€544,214€526,739▼ 3.2%
Equity10/15€93,704€214,332€335,932€248,946▼ 25.9%
Contributions10/11€55,000€55,000€55,000€55,000=
Reserves13€38,704€159,332€280,932€193,946▼ 31.0%
Distributable reserves133€38,704€159,332€280,932€193,946▼ 31.0%
Profit (loss) carried forward14---€0-
Amounts payable17/49€254,138€229,380€208,281€277,793▲ 33.4%
Amounts payable after more than one year17€142,857€114,286€85,714€57,143▼ 33.3%
Financial debts170/4€142,857€114,286€85,714€57,143▼ 33.3%
Amounts payable within one year42/48€111,281€115,095€122,567€220,650▲ 80.0%
Current portion of amounts payable after more than one year42€28,571€28,571€28,571€28,571=
Trade debts44€104€506€1,263€314▼ 75.1%
Suppliers440/4€104€506€1,263€314▼ 75.1%
Taxes, remuneration and social security45€9,663€19,781€19,861€12,396▼ 37.6%
Taxes450/3€7,022€17,698€17,746€9,634▼ 45.7%
Remuneration and social security454/9€2,641€2,083€2,116€2,763▲ 30.6%
Other amounts payable47/48€72,942€66,236€72,871€179,369▲ 146%
Line2022202320242025Change
Profit (loss) for the period9904€38,704€120,628€121,600€153,013▲ 25.8%
+ Depreciation and write-downs630€1,158€0---
Operating cash flow (approximation)€39,862€120,628€121,600€153,013▲ 25.8%
Investment in fixed assets (approximation)-€0€0€0-
Change in cash-€123,574€38,309-€55,515-

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

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Filings with the National Bank (4)
Financial year Type Filed Reference
31-12-2025 abbreviated format 15-06-2026 2026-00163211
31-12-2024 abbreviated format 12-06-2025 2025-00133195
31-12-2023 abbreviated format 25-07-2024 2024-00297804
31-12-2022 abbreviated format 08-06-2023 2023-00117270

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