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SOLUFAK

Active
Private limited companyfounded 201214 yrs activeBrownfieldlaan 15, 2830 Willebroek, BelgiumKBO/BCE: BE 0846.405.172
Summary

SOLUFAK has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.92M and a net result of €135k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 50 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability57▲+22
Solvency50▲+6
Growth67▼-1
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.24 in 2024; short-term debt: 72% and cash: 35% of total assets), and 74.9% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · 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
25.1%
Return on assets
1.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 80
Relative position
BE, all sectors
reference
Investigation and security activities (NACE 80)
about 5% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-09-2026, 34 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 filings
Deviation from the deadline
2025
34 d late
2024
58 d late
2023
30 d late
2022
353 d late
2021
37 d early
2020
50 d early
2019
1 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 months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

Financials · fiscal year 2025, full schema

Turnover
€15.67M▼ 30.0%
2024 · €22.37M
2020: €6.64M 2021: €6.59M▼ -0.7% vs 2020lowest value 2023: €21.16M 2024: €22.37M▲ +5.7% vs 2023highest value 2025: €15.67M▼ -30.0% vs 2024
2020 → 2025
EBIT margin
1.8%▲ 0.2pp
2024 · 1.5%
2020: 8.3%highest value 2021: 1.5%▼ -81.8% vs 2020lowest value 2023: 1.6% 2024: 1.5%▼ -1.8% vs 2023 2025: 1.8%▲ +16.0% vs 2024
2020 → 2025
Net result
€135k▲ 480%
2024 · €23k
2018: €479khighest value 2019: €460k▼ -3.8% vs 2018 2020: €382k▼ -17.0% vs 2019 2021: €47k▼ -87.6% vs 2020 2023: €50k 2024: €23k▼ -53.1% vs 2023lowest value 2025: €135k▲ +480% vs 2024
2018 → 2025
Working capital
€1.81M▲ 8.1%
2024 · €1.68M
2018: €1.13Mlowest value 2019: €1.55M▲ +37.5% vs 2018 2020: €1.83M▲ +18.4% vs 2019 2021: €2.17M▲ +18.1% vs 2020highest value 2023: €1.59M 2024: €1.68M▲ +5.7% vs 2023 2025: €1.81M▲ +8.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202320242025Trend
Turnover€6.64M-€6.59M▼ 0.7%€21.16M▲ 221%€22.37M▲ 5.7%€15.67M▼ 30.0% 2020: €6.64M 2021: €6.59M▼ -0.7% vs 2020lowest value 2023: €21.16M 2024: €22.37M▲ +5.7% vs 2023highest value 2025: €15.67M▼ -30.0% vs 2024
Equity€1.73M-€1.66M▼ 4.3%€1.76M▲ 6.3%€1.79M▲ 1.3%€1.92M▲ 7.5% 2020: €1.73M 2021: €1.66M▼ -4.3% vs 2020lowest value 2023: €1.76M 2024: €1.79M▲ +1.3% vs 2023 2025: €1.92M▲ +7.5% vs 2024highest value
Operating result€550k-€99k▼ 81.9%€331k▲ 233%€344k▲ 3.8%€279k▼ 18.8% 2020: €550khighest value 2021: €99k▼ -81.9% vs 2020lowest value 2023: €331k 2024: €344k▲ +3.8% vs 2023 2025: €279k▼ -18.8% vs 2024
Net result€382k-€47k▼ 87.6%€50k▲ 4.9%€23k▼ 53.1%€135k▲ 480% 2020: €382khighest value 2021: €47k▼ -87.6% vs 2020 2023: €50k 2024: €23k▼ -53.1% vs 2023lowest value 2025: €135k▲ +480% vs 2024
Result per fiscal year
Operating resultNet result
€0€200k€400k€600kOperating result 2020: €550k€550kNet result 2020: €382k€382kOperating result 2021: €99k€99kNet result 2021: €47k€47kOperating result 2023: €331k€331kNet result 2023: €50k€50kOperating result 2024: €344k€344kNet result 2024: €23k€23kOperating result 2025: €279k€279kNet result 2025: €135k€135k20202021202320242025€0€100k€200k€300kOperating result 2023: €331k€331kNet result 2023: €50k€50kOperating result 2024: €344k€344kNet result 2024: €23k€23kOperating result 2025: €279k€279kNet result 2025: €135k€135k202320242025
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.67M
Fixed assets €335k ▼ 31.9%
Current assets €7.33M ▼ 16.0%
Equity and liabilities €7.67M
Equity €1.92M ▲ 7.5%
Debt €5.74M ▼ 22.7%
Debt's share of the balance-sheet total falls from 80.6% to 74.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€503k▼
2024 · €611k
Cash flow
€359k▲
2024 · €290k
Current ratio
1.33▲
2024 · 1.24
Quick ratio
1.02▲
2024 · 0.93
Debt to equity
2.99▼
2024 · 4.16
ROE
7.0%▲
2024 · 1.3%
ROA
1.8%▲
2024 · 0.3%
Interest coverage
5.72▲
2024 · 2.14
Debt ≤ 1 year
€5.52M▼
2024 · €7.05M
Debt > 1 year
€98k▼
2024 · €165k
Income taxes
€54k▲
2024 · €30k
Staff costs
€1.82M▼
2024 · €1.96M
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 · 71 lines
Balance sheet Code20242025
Assets
Total assets20/58€9.22M€7.67M▼
Fixed assets21/28€492k€335k▼
Intangible fixed assets21€111k€19k▼
Tangible fixed assets22/27€345k€280k▼
Land and buildings22€21k€28k▲
Plant, machinery and equipment23€29k€24k▼
Furniture and vehicles24€22k€17k▼
Leasing and similar rights25€272k€212k▼
Financial fixed assets28€35k€35k=
Other financial fixed assets284/8€35k€35k=
Amounts receivable and cash guarantees285/8€35k€35k=
Current assets29/58€8.72M€7.33M▼
Stocks and contracts in progress3€2.18M€1.70M▼
Stocks30/36€2.18M€1.70M▼
Goods purchased for resale34€2.18M€1.70M▼
Amounts receivable within one year40/41€3.50M€2.80M▼
Trade receivables40€3.41M€2.76M▼
Other amounts receivable41€89k€38k▼
Cash at bank and in hand54/58€2.98M€2.68M▼
Deferred charges and accrued income490/1€66k€145k▲
Equity and liabilities
Total equity and liabilities10/49€9.22M€7.67M▼
Equity10/15€1.79M€1.92M▲
Contributions10/11€19k€19k=
Reserves13€191k€191k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€172k€172k=
Profit (loss) carried forward14€1.58M€1.71M▲
Amounts payable17/49€7.43M€5.74M▼
Amounts payable after more than one year17€165k€98k▼
Financial debts170/4€165k€98k▼
Leasing and similar obligations172€165k€98k▼
Amounts payable within one year42/48€7.05M€5.52M▼
Current portion of amounts payable after more than one year42€104k€111k▲
Financial debts43-€17k
Credit institutions430/8-€17k
Trade debts44€3.60M€2.76M▼
Suppliers440/4€3.60M€2.76M▼
Taxes, remuneration and social security45€498k€594k▲
Taxes450/3€61k€40k▼
Remuneration and social security454/9€437k€554k▲
Other amounts payable47/48€2.85M€2.04M▼
Accrued charges and deferred income492/3€216k€128k▼
Income statement Code20242025
Operating income70/76A€22.68M€15.84M▼
Turnover70€22.37M€15.67M▼
Other operating income74€311k€177k▼
Operating charges60/66A€22.34M€15.56M▼
Goods for resale, raw materials and consumables60€18.25M€11.85M▼
Purchases600/8€18.19M€11.38M▼
Change in stocks: decrease (increase)609€54k€472k▲
Services and other goods61€1.84M€1.63M▼
Remuneration, social security and pensions62€1.96M€1.82M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€267k€224k▼
Other operating charges640/8€19k€33k▲
Operating profit (loss)9901€344k€279k▼
Financial income75/76B€328€1k▲
Recurring financial income75€328€1k▲
Income from current assets751-€881
Other financial income752/9€328€153▼
Financial charges65/66B€291k€91k▼
Recurring financial charges65€291k€91k▼
Debt charges650€286k€88k▼
Other financial charges652/9€5k€3k▼
Profit (loss) for the period before taxes9903€54k€189k▲
Income taxes67/77€30k€54k▲
Taxes670/3€30k€73k▲
Tax adjustments and reversals of tax provisions77-€19k
Profit (loss) for the period9904€23k€135k▲
Profit (loss) for the period to be appropriated9905€23k€135k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.58M€1.71M▲
Profit (loss) brought forward from the previous period14P€1.55M€1.58M▲
Social balance
Average headcount (FTE)908719.419.7▲

The notes to these accounts (60 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20202021202320242025Change
Operating income70/76A-€6.70M€21.53M€22.68M€15.84M▼ 30.2%
Turnover70€6.64M€6.59M€21.16M€22.37M€15.67M▼ 30.0%
Other operating income74-€85k€365k€311k€177k▼ 43.1%
Non-recurring operating income76A-€22k----
Operating charges60/66A-€6.60M€21.19M€22.34M€15.56M▼ 30.3%
Goods for resale, raw materials and consumables60-€4.03M€17.03M€18.25M€11.85M▼ 35.0%
Purchases600/8-€4.46M€16.28M€18.19M€11.38M▼ 37.4%
Change in stocks: decrease (increase)609-€-424k€749k€54k€472k▲ 768%
Services and other goods61-€892k€1.67M€1.84M€1.63M▼ 11.5%
Remuneration, social security and pensions62-€1.63M€2.24M€1.96M€1.82M▼ 7.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€43k€218k€267k€224k▼ 16.1%
Other operating charges640/8-€8k€38k€19k€33k▲ 79.1%
Non-recurring operating charges66A-€442----
Operating profit (loss)9901€550k€99k€331k€344k€279k▼ 18.8%
Financial income75/76B-€7k€7€328€1k▲ 215%
Recurring financial income75€966€742€7€328€1k▲ 215%
Income from current assets751----€881-
Other financial income752/9-€742€7€328€153▼ 53.4%
Non-recurring financial income76B-€6k----
Financial charges65/66B-€17k€208k€291k€91k▼ 68.5%
Recurring financial charges65€20k€17k€208k€291k€91k▼ 68.5%
Debt charges650€17k€11k€204k€286k€88k▼ 69.2%
Other financial charges652/9-€6k€4k€5k€3k▼ 23.3%
Profit (loss) for the period before taxes9903€536k€89k€124k€54k€189k▲ 252%
Income taxes67/77€154k€42k€74k€30k€54k▲ 78.0%
Taxes670/3-€42k€75k€30k€73k▲ 139%
Tax adjustments and reversals of tax provisions77--€844-€19k-
Profit (loss) for the period9904€382k€47k€50k€23k€135k▲ 480%
Profit (loss) for the period to be appropriated9905€382k€47k€50k€23k€135k▲ 480%
Line20202021202320242025Change
Assets
Total assets20/58€3.37M€3.62M€9.66M€9.22M€7.67M▼ 16.8%
Fixed assets21/28€80k€125k€667k€492k€335k▼ 31.9%
Intangible fixed assets21--€250k€111k€19k▼ 82.8%
Tangible fixed assets22/27€73k€116k€382k€345k€280k▼ 18.8%
Land and buildings22--€28k€21k€28k▲ 29.3%
Plant, machinery and equipment23-€102k€44k€29k€24k▼ 19.1%
Furniture and vehicles24-€14k€35k€22k€17k▼ 23.4%
Leasing and similar rights25--€275k€272k€212k▼ 22.2%
Other tangible fixed assets26--€0---
Financial fixed assets28€7k€10k€35k€35k€35k=
Other financial fixed assets284/8-€10k€35k€35k€35k=
Amounts receivable and cash guarantees285/8-€10k€35k€35k€35k=
Current assets29/58€3.29M€3.49M€8.99M€8.72M€7.33M▼ 16.0%
Stocks and contracts in progress3€599k€786k€2.23M€2.18M€1.70M▼ 21.7%
Stocks30/36-€786k€2.23M€2.18M€1.70M▼ 21.7%
Goods purchased for resale34-€786k€2.23M€2.18M€1.70M▼ 21.7%
Amounts receivable within one year40/41€2.36M€2.44M€5.26M€3.50M€2.80M▼ 20.1%
Trade receivables40-€2.39M€5.24M€3.41M€2.76M▼ 19.1%
Other amounts receivable41-€54k€22k€89k€38k▼ 57.6%
Cash at bank and in hand54/58€268k€54k€1.40M€2.98M€2.68M▼ 9.9%
Deferred charges and accrued income490/1-€210k€96k€66k€145k▲ 118%
Equity and liabilities
Total equity and liabilities10/49€3.37M€3.62M€9.66M€9.22M€7.67M▼ 16.8%
Equity10/15€1.73M€1.66M€1.76M€1.79M€1.92M▲ 7.5%
Contributions10/11-€19k€19k€19k€19k=
Reserves13€191k€191k€191k€191k€191k=
Tax-exempt reserves132-€19k€19k€19k€19k=
Distributable reserves133-€172k€172k€172k€172k=
Profit (loss) carried forward14€1.52M€1.45M€1.55M€1.58M€1.71M▲ 8.5%
Amounts payable17/49€1.64M€1.96M€7.90M€7.43M€5.74M▼ 22.7%
Amounts payable after more than one year17--€190k€165k€98k▼ 40.6%
Financial debts170/4--€190k€165k€98k▼ 40.6%
Leasing and similar obligations172--€190k€165k€98k▼ 40.6%
Amounts payable within one year42/48€1.46M€1.33M€7.41M€7.05M€5.52M▼ 21.7%
Current portion of amounts payable after more than one year42--€100k€104k€111k▲ 6.0%
Financial debts43-€25k--€17k-
Credit institutions430/8-€25k--€17k-
Trade debts44€860k€852k€3.38M€3.60M€2.76M▼ 23.4%
Suppliers440/4-€852k€3.38M€3.60M€2.76M▼ 23.4%
Advances received on contracts in progress46-€8k----
Taxes, remuneration and social security45-€440k€418k€498k€594k▲ 19.3%
Taxes450/3-€199k€63k€61k€40k▼ 34.2%
Remuneration and social security454/9-€241k€355k€437k€554k▲ 26.7%
Other amounts payable47/48-€2k€3.51M€2.85M€2.04M▼ 28.4%
Accrued charges and deferred income492/3-€632k€300k€216k€128k▼ 41.0%
Line20202021202320242025Change
Profit (loss) for the period9904€382k€47k€50k€23k€135k▲ 480%
+ Depreciation and write-downs630€43k€43k€218k€267k€224k▼ 16.1%
Operating cash flow (approximation)€426k€90k€267k€290k€359k▲ 23.6%
Investment in fixed assets (approximation)-€-88k-€-92k€-67k▲ 26.9%
Change in cash-€-214k-€1.58M€-296k▼ 119%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-09
State Gazette act Appointment: Thibaut LEINEKUGEL LE COCQ (chair of the board)
Reappointments: Stéphane JANSSENS (director) and Jean-Marc PLUYMERS (director) · Power of attorney32 facts ▸
  • Board meeting, 12-05-2026
  • Director appointment, Thibaut LEINEKUGEL LE COCQ (chair of the board)
  • Power of attorney
  • Other statement, Finance & Administration Director
  • Other statement, ICT Director
  • Other statement, HR Director
  • Other statement, Legal Director
  • Other statement, Purchase Director
  • Other statement, Fleet & Logistics Director
  • Other statement, Business Unit Manager
  • Other statement, Business Unit Manager
  • Other statement, Project Manager
  • +20 further facts in this act
03-09
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 34 days late
2025
27-09
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 58 days late
2024
31-12
Financial Weakest financial yearnet €23k ▼53.1%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 30 days late
18-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 353 days late
2022
24-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
11-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
30-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Equity above €1MEq €1.35M ▲51.6%
2 profitable years in a row build equity to €1.35M.
29-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts

Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
under verification, last change in 2025
This board is reconstructed from a single act (26360442). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Thibaut LEINEKUGEL LE COCQ
Chair of the board · since 01-01-2025
Current
01-01-2025 Thibaut LEINEKUGEL LE COCQ: Appointed as Chair of the board
Not every act has been read: a resignation may be missing here
12 of this company's 13 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Willebroek · 1 establishment unit since 2012
seat establishment approximate The establishment unit on the map
Ground area
1.8 ha
Building footprint
3,146 m²
Volume, LiDAR
40,814 m³
Parcel 12040A0530/00H007, Flanders · tallest building 27.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SOLUFAK
Brownfieldlaan 15, 2830 WillebroekInstallation of industrial machinery and equipment
since 20122.210.554.675
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12040A0530/00H007 Flanders 1.8 ha 1 · 3,146 m² 27.2 m · 4 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.

Articles of association

Who signs
“Volgens de statuten is de vennootschap tevens geldig vertegenwoordigd in de akten, inbegrepen degene waardoor de bijdrage van een ministeriële ambtenaar of van een notaris vereist zou zijn, hetzij door de voorzitter van de Raad van Bestuur, hetzij door twee Bestuurders. Afgezien wat voorafgaat, kent…”
Full text

Volgens de statuten is de vennootschap tevens geldig vertegenwoordigd in de akten, inbegrepen degene waardoor de bijdrage van een ministeriële ambtenaar of van een notaris vereist zou zijn, hetzij door de voorzitter van de Raad van Bestuur, hetzij door twee Bestuurders. Afgezien wat voorafgaat, kent de raad van bestuur de volgende bijzondere en vastgelegde delegaties toe:

Other provisions of the articles (3)

Structure & network

Connections & network

6 connected companies

Recognitions · licences · registrations

Legal Entity Identifier

875500T7XW0RVNG2FE69
live in the LEI register

Similar companies · same sector, comparable size

Of 461 companies in sector 80090 we hold annual accounts for 261. 80 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
Founded07-06-2012
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
80090Investigation and security activities

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