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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Busy address KBO
97 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Solbus from Etterbeek, company number BE0643699720, closed financial year 2025 with a result of € 595,018 after tax. For that financial year Solbus recorded revenue of € 2.1 million and equity of € 486,280. Compared with financial year 2024, the result moved from € 578,711 to € 595,018. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 486,280
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 595,018
▲ 3% vs 2024
Profit after tax over the fiscal year.
€ 345,749
▼ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 700,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 21.9 million
▼ 12% vs 2024
Loans from banks and other lenders, long and short.
€ 53,364
▼ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 76,938
▲ 28% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 1,969,052 | € 2,056,638 | € 2,113,767 | ▲ 3% |
| Gross margin | € 1,646,944 | € 1,892,892 | € 2,038,207 | € 2,036,454 | |
| Profit after taxes | € 445,110 | € 583,222 | € 578,711 | € 595,018 | ▲ 3% |
| Equity | € -570,671 | € 12,551 | € 591,262 | € 486,280 | ▼ 18% |
| Total debts | € 26,671,915 | € 25,372,374 | € 25,288,122 | € 22,950,648 | ▼ 9% |
| Cash | € 745,870 | € 666,400 | € 2,279,145 | € 345,749 | ▼ 85% |
| Land & buildings | € 23,529,428 | € 22,934,784 | € 22,340,140 | € 21,745,495 | ▼ 3% |
| Retained profit | € -632,171 | € -48,949 | € 529,762 | € 424,780 | ▼ 20% |
| Dividend | € 0 | € 0 | € 0 | € 700,000 | |
| Bank debt | € 26,149,156 | € 24,949,156 | € 24,949,156 | € 21,899,156 | ▼ 12% |
| Balance sheet total | € 26,101,244 | € 25,384,925 | € 25,879,384 | € 23,436,928 | ▼ 9% |
Key figures of Solbus, 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 Solbus?
What happened at Solbus in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Wail Kodoud stepped down as director. NBB
- MG RE INVESTMENT BV stepped down as director. NBB
- Victoria Liénart Van Lidth de Jeude stepped down as director. NBB
- ARDEF BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 595,018 (▲ 3% vs 2024). Source: NBB ↗
- Piet Van Poppel BV stepped down as director. NBB
- Victoria Liénart Van Lidth de Jeude became a director. NBB
- MG RE INVESTMENT BV became a director. NBB
In short
From € 445,110 profit in 2022 to € 595,018 profit in 2025.
Paid € 374,927 in corporate taxes since 2022.
Best year ever: 2025, with € 595,018 profit.
Paid out € 700,000 in dividends to the owners in total.
A new publication or filing at Solbus? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by GM Logistics Parks NV (100%).
Directors
According to the 2025 annual accounts
Director · represented by Arthur De Four
Also active at: CBRE Investment Management Belgium, REI Belgium Fonsny, Europe Logistics Partners Mechelen, Europe Logistics Partners Liège I, REI BELGIUM PUURS, BAMBUS, Europe Logistics Partners Willebroek II, Shopping Rive Gauche +12 more
since 2022 · until 2028
since 2024 · until 2030
Director · represented by Pieter Van Poppel
Also active at: CBRE Investment Management Belgium, REI Belgium Fonsny, IMMO SIM, Europe Logistics Partners Liège I, REI BELGIUM PUURS, Jelo Invest, BAMBUS, Europe Logistics Partners Willebroek II +13 more
since 2021 · until 2025
Director · represented by Ignace De Paepe
Also active at: MG CITY STATION, PAULOWNIA, STASIMO, Maple Land, Celtis Julianae, ABIES ALBA, Selas, DULLE GRIET GARDEN +48 more
since 2024 · until 2030
since 2025 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Belliardstraat 40 box 6
1040 Etterbeek
Esplanade Oscar Van de Voorde 1
9000 Gent
Active since 30 November 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 97 companies are registered at this address.
All companies at this address →ASSOCIATION EUROPEENNE DU CHARBON ET DU LIGNITE
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€ 2.7 million gross margin · 2025
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€ 4.4 million revenue · 2025
CBRE Investment Management Belgium same network
€ 4.2 million revenue · 2025
Plastics Europe
+92 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0643.699.720
- VAT number
- BE 0643.699.720
- Registered office
- Belliardstraat 40 bus 6, 1040 Etterbeek
- Names & denominations
- Solbus
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 2015
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
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