SOMATI VEHICLES
ActiveSOMATI VEHICLES has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €246k and a net result of €111k. Equity is growing by ~37.9% per year across the filed fiscal years. Its solvency ranks better than 10% of 311 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+60
Solvency31▲+2
Growth66=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.01 in 2024; short-term debt: 88.9% and cash: 7.5% of total assets), and 93.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.2%
Return on assets
2.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 311 sector peers (2025).
NBB · sector comparisonPosition among 311 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
1 d early
2023
30 d late
2022
29 d late
2021
34 d early
2020
50 d early
2019
69 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€5.68M▼ 19.1%
2022 · €7.01M
2018: €5.02M
2019: €10.62M
2020: €11.59M
2021: €9.60M
2022: €7.01M
2018 → 2023
EBIT margin
1.3%▲ 5.9pp
2022 · -4.6%
2018: -12.7%
2019: 0.5%
2020: 0.9%
2021: -6.3%
2022: -4.6%
2018 → 2023
Net result
€111k
2024 · €-357k
2018: €-662k
2019: €7k
2020: €81k
2021: €-618k
2022: €-351k
2023: €57k
2024: €-357k
2018 → 2025
Working capital
€217k▲ 1,097%
2024 · €18k
2018: €-283k
2019: €-515k
2020: €-467k
2021: €-296k
2022: €183k
2023: €169k
2024: €18k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€9.60M-€7.01M▼ 26.9%€5.68M▼ 19.1%
Equity€-214k-€436k€493k▲ 13.1%€135k▼ 72.5%€246k▲ 81.9%
Operating result€-606k-€-323k▲ 46.7%€76k€-301k€172k
Net result€-618k-€-351k▲ 43.2%€57k€-357k€111k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €172k after a loss of €301k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.90M
Fixed assets
€142k▼ 8.0%
Current assets
€3.76M▲ 21.7%
Equity and liabilities €3.98M
Equity
€246k▲ 81.9%
Debt
€3.73M▲ 13.4%
The debt ratio falls from 96.1% to 93.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€325k▲
2024 · €-180k
Cash flow
€263k▲
2024 · €-237k
Solvency
6.2%▲
2024 · 3.9%
Current ratio
1.06▲
2024 · 1.01
Quick ratio
0.64▲
2024 · 0.49
Debt / equity
15.16▼
2024 · 24.32
ROE
45.0%▲
2024 · -263.9%
ROA
2.8%▲
2024 · -10.4%
Interest coverage
5.24▲
2024 · -3.05
Debt
€3.73M▲
2024 · €3.29M
Debt ≤ 1 year
€3.54M▲
2024 · €3.07M
Debt > 1 year
€195k=
2024 · €195k
Staff costs
€1.23M▲
2024 · €1.13M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.43M€3.98M▲
Formation expenses20€187k€82k▼
Fixed assets21/28€154k€142k▼
Intangible fixed assets21€107k€77k▼
Tangible fixed assets22/27€45k€63k▲
Land and buildings22-€9k
Plant, machinery and equipment23€4k€15k▲
Furniture and vehicles24€41k€39k▼
Financial fixed assets28€2k€2k=
Current assets29/58€3.09M€3.76M▲
Stocks and contracts in progress3€1.58M€1.51M▼
Stocks30/36€421k€454k▲
Contracts in progress37€1.15M€1.05M▼
Amounts receivable within one year40/41€932k€1.95M▲
Trade receivables40€932k€1.95M▲
Cash at bank and in hand54/58€575k€300k▼
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€3.43M€3.98M▲
Equity10/15€135k€246k▲
Contributions10/11€1.00M€1.00M=
Capital10€1.00M€1.00M=
Issued capital100€1.00M€1.00M=
Reserves13€15k€15k=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Profit (loss) carried forward14€-880k€-769k▲
Amounts payable17/49€3.29M€3.73M▲
Amounts payable after more than one year17€195k€195k=
Other amounts payable178/9€195k€195k=
Amounts payable within one year42/48€3.07M€3.54M▲
Financial debts43€469k€361k▼
Credit institutions430/8€469k€361k▼
Trade debts44€683k€1.66M▲
Suppliers440/4€683k€1.66M▲
Advances received on contracts in progress46€1.36M€259k▼
Taxes, remuneration and social security45€204k€419k▲
Taxes450/3€112k€273k▲
Remuneration and social security454/9€92k€146k▲
Other amounts payable47/48€354k€839k▲
Accrued charges and deferred income492/3€28k-
Income statement
Code20242025
Non-recurring operating income76A€25k€27k▲
Remuneration, social security and pensions62€1.13M€1.23M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€121k€153k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€41k
Other operating charges640/8€19k€30k▲
Non-recurring operating charges66A€25k-
Gross operating margin9900€993k€1.63M▲
Operating profit (loss)9901€-301k€172k▲
Financial income75/76B€3k€717▼
Recurring financial income75€3k€717▼
Financial charges65/66B€59k€62k▲
Recurring financial charges65€59k€62k▲
Profit (loss) for the period before taxes9903€-357k€111k▲
Profit (loss) for the period9904€-357k€111k▲
Profit (loss) for the period to be appropriated9905€-357k€111k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-880k€-769k▲
Profit (loss) brought forward from the previous period14P€-522k€-880k▼
Social balance
Average headcount (FTE)908715.715.8▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €111k
Net result €111k after one loss-making year.
31-12
Financial
Equity above €200kEq €246k ▲81.9%
Equity rises from €135k to €246k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Back to profitnet €57k
Net result €57k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Equity above €200kEq €436k
Equity rises from €-214k to €436k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 86 days late
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 451 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
29 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, Aalst · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industrielaan 179320 AalstGround area
5,309 m²
Building footprint
3,896 m²
Volume, LiDAR
38,587 m³
Parcel 41342B1005/00Y000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SOMATI VEHICLES NV
since 19892.045.597.465
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B1005/00Y000 | Flanders | 5,309 m² | 1 · 3,896 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2022 to 2025 · 5 entries · 1,848 EUR awarded · 1,848 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 312 EUR | 312 EUR |
| 2024 | 1 | 170 EUR | 170 EUR |
| 2023 | 2 | 1,292 EUR | 1,292 EUR |
| 2022 | 1 | 74 EUR | 74 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsOnderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
Onderhoudsmechanica auto duaal (so)
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Of 346 companies in sector 28990 we hold annual accounts for 278. 198 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-10-1989
Fiscal year end31-12
Activities, NACEBEL
28990Manufacture of machinery and equipment not elsewhere classified
29201Manufacture of motor vehicles, trailers and semi-trailers
29564
34201
29100Manufacture of motor vehicles, trailers and semi-trailers
95313Repair and fitting of specific motor vehicle parts
45204
46712Wholesale trade
46713Wholesale trade
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.