Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SOMATI VEHICLES from Aalst, company number BE0438678837, closed financial year 2025 with a result of € 110,887 after tax. For that financial year SOMATI VEHICLES recorded a gross margin of € 1.6 million and equity of € 246,232. Compared with financial year 2024, the result moved from € -357,157 to € 110,887. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 246,232
▲ 82% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 110,887
▲ still € 357,157 loss in 2024
Profit after tax over the fiscal year.
€ 299,518
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -753,768.
People and assets in 2025
15.8
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 9% vs 2024
€ 78,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 39,330
▼ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 360,759
▼ 23% vs 2024
Loans from banks and other lenders, long and short.
€ 1.7 million
▲ 143% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 419,012
▲ 105% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,012,388 | € 5,676,306 | - | - | |
| Gross margin | - | - | € 992,864 | € 1,630,191 | ▲ 64% |
| Profit after taxes | € -350,808 | € 56,921 | € -357,157 | € 110,887 | ▲ € 468,045 |
| Equity | € 435,580 | € 492,502 | € 135,345 | € 246,232 | ▲ 82% |
| Total debts | € 2,228,290 | € 2,231,432 | € 3,292,199 | € 3,733,170 | ▲ 13% |
| Cash | € 261,417 | € 483,522 | € 574,872 | € 299,518 | ▼ 48% |
| Land & buildings | - | - | - | € 8,668 | |
| Retained profit | € -564,420 | € -507,498 | € -864,655 | € -753,768 | ▲ € 110,887 |
| Bank debt | € 17,014 | € 230,074 | € 468,507 | € 360,759 | ▼ 23% |
| Balance sheet total | € 2,663,870 | € 2,723,934 | € 3,427,543 | € 3,979,402 | ▲ 16% |
| Employees (FTE) | 28.2 | 23 | 15.7 | 15.8 | ▲ 0.1 |
Key figures of SOMATI VEHICLES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SOMATI VEHICLES?
What happened at SOMATI VEHICLES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jean-Paul Jonnaert stepped down as director. NBB
- Filip Matthijs stepped down as director. NBB
- Thibault Jonnaert stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 110,887. Source: NBB ↗
- Jean-Paul Jonnaert became a director. NBB
- Filip Matthijs became a director. NBB
- Thibault Jonnaert became a director. NBB
- New establishment in Aalst. KBO
In short
From € 350,808 loss in 2022 to € 110,887 profit in 2025.
Paid € 3,760 in corporate taxes since 2022.
Best year ever: 2025, with € 110,887 profit.
On average € 103,200 of value added per employee in 2025.
Management
The stake of TheTruckCompany Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SOMATI VEHICLESThe shares are held by TheTruckCompany Group (50%).
Directors
According to the 2025 annual accounts
Jean-Paul Jonnaert
Director
Also active at: IMMO - HOET, CROWN ENTERPRISES, YELLOWSTONE, Mr Lease, Ecogro, TheTruckCompany Group, HPA - South America, TheSoftwareCompany +2 more
since 2022 · until 2028
since 2022 · until 2028
Thibault Jonnaert
Managing director
Also active at: TheTruckCompany Construction & Service, Trucks & Trailors Invest, CROWN ENTERPRISES, TRUCKS AND TRAILERS INTERNATIONAL BELGIUM, YELLOWSTONE, TJ Investments, Hypercharge, DeLeuckere +3 more
since 2022 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industrielaan 17 box A
9320 Aalst
Industrielaan 17 A
9320 Aalst
Active since 15 November 1989
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.678.837
- VAT number
- BE 0438.678.837
- Registered office
- Industrielaan 17 bus A, 9320 Aalst
- Names & denominations
- SOMATI VEHICLES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 October 1989
- Peppol
- Active · Active since 19 Jan 2026
- Activities · NACE
Vervaardiging van carrosserieën voor motorvoertuigen
Vervaardiging van carrosserieën en aanhangwagens
Vervaardiging van overige machines voor specifieke industrieën
Vervaardiging van andere machines voor specifieke doeleinden neg
Groothandel in aanhangwagens, opleggers en caravans
Carrosserieherstelling (inclusief spuiten en verven)
Verhuur en lease van vrachtwagens
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
+6