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 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Sol1 from Brugge, company number BE0789765783, closed financial year 2025 with a result of € 91,586 after tax. For that financial year Sol1 recorded a gross margin of € 1.5 million and equity of € 119,951. Compared with financial year 2024, the result moved from € 11,299 to € 91,586. 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 9, 2026.
€ 119,951
▲ € 91,586 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 91,586
▲ € 80,287 vs 2024
Profit after tax over the fiscal year.
€ 157,681
▲ 108% 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 € 119,851.
People and assets in 2025
9.2
Average over the fiscal year, from the social balance sheet.
€ 1 million
▼ 6% vs 2024
€ 112,100 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.
Debts at end 2025
€ 494,000
▲ € 434,708 vs 2024
Loans from banks and other lenders, long and short.
€ 394,444
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 158,777
▼ 18% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 1,147,783 | € 1,358,170 | € 1,452,249 | ▲ 7% |
| Profit after taxes | € 16,967 | € 11,299 | € 91,586 | ▲ € 80,287 |
| Equity | € 17,067 | € 28,365 | € 119,951 | ▲ € 91,586 |
| Total debts | € 693,674 | € 896,632 | € 1,075,461 | ▲ 20% |
| Cash | € 31,924 | € 75,828 | € 157,681 | ▲ 108% |
| Retained profit | € 16,967 | € 28,265 | € 119,851 | ▲ € 91,586 |
| Bank debt | € 67,500 | € 59,292 | € 494,000 | ▲ € 434,708 |
| Balance sheet total | € 710,740 | € 924,997 | € 1,195,412 | ▲ 29% |
| Employees (FTE) | - | - | 9.2 |
Key figures of Sol1, fiscal years 2023 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 Sol1?
What happened at Sol1 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 91,586 (▲ € 80,287 vs 2024). Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 16,967 profit in 2023 to € 91,586 profit in 2025.
Paid € 7,524 in corporate taxes since 2023.
Best year ever: 2025, with € 91,586 profit.
On average € 157,900 of value added per employee in 2025.
Management
Behind Sol1 are Stefaan Verhaeghe and Filip Verhaeghe. Filip Verhaeghe is also behind Planetary Logic.
Directors
According to the 2025 annual accounts
Stefaan Verhaeghe
Director
Establishments
Establishment units
Physical locations of this company
Baron Ruzettelaan 3
8310 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →STUDIO EMMA
€ 1.8 million gross margin · 2025
SOL.ONE
JEAN-LUC COTTYN
€ 31,034 gross margin · 2025
Philanthropic Corporate Partnerships
Advocatenkantoor Virginie Cottyn
€ 74,728 gross margin · 2025
+3 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
- 0789.765.783
- VAT number
- BE 0789.765.783
- Registered office
- Baron Ruzettelaan 3, 8310 Brugge
- Names & denominations
- Sol1
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 August 2022
- Peppol
- Active · Active since 6 Sept 2022
- Activities · NACE
Ontwerpen van computerprogramma’s
Vervaardiging van civiele lucht- en ruimtevaartuigen en van toestellen in verband daarmee
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Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Vervaardiging van militaire lucht- en ruimtevaartuigen en van toestellen in verband daarmee
Overige diensten op het gebied van informatietechnologie en computer
Vervaardiging van meet-, controle- en navigatie-instrumenten en -apparatuur
Vervaardiging van communicatieapparatuur