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 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SOLAVIE from Eupen, company number BE0797098884, closed financial year 2025 with a result of € 44,753 after tax. For that financial year SOLAVIE recorded a gross margin of € 239,101 and equity of € 54,413. Compared with financial year 2024, the result moved from € -36,300 to € 44,753. 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 August 26, 2026.
€ 54,413
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 44,753
▲ still € 36,300 loss in 2024
Profit after tax over the fiscal year.
€ 16,510
▼ 91% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
2.6
▲ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 136,907
▲ € 115,371 vs 2024
€ 52,700 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.
€ 67,942
▲ 137% vs 2024
Of which on lease € 56,864.
Debts at end 2025
€ 289,807
▼ 13% vs 2024
€ 176,172 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 210,251
▲ € 163,776 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 89,265
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 196,016 | € 22,038 | € 239,101 | ▲ € 217,063 |
| Profit after taxes | € 87,961 | € -36,300 | € 44,753 | ▲ € 81,053 |
| Equity | € 95,961 | € 59,661 | € 54,413 | ▼ 9% |
| Total debts | € 275,877 | € 536,725 | € 794,611 | ▲ 48% |
| Cash | € 175,420 | € 178,107 | € 16,510 | ▼ 91% |
| Retained profit | € 87,961 | € 51,661 | € 46,413 | ▼ 10% |
| Dividend | € 0 | € 0 | € 50,000 | |
| Bank debt | € 100,000 | € 333,209 | € 289,807 | ▼ 13% |
| Balance sheet total | € 371,838 | € 596,385 | € 849,025 | ▲ 42% |
| Employees (FTE) | - | 1 | 2.6 | ▲ 1.6 |
Key figures of SOLAVIE, 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 SOLAVIE?
What happened at SOLAVIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 44,753. filed late Source: NBB ↗
- Edgar Khanoyan stepped down as director. NBB
- New establishment in Lontzen. KBO
- Deni Gurzhikhanov became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 87,961 profit in 2023 to € 44,753 profit in 2025.
Paid € 29,933 in corporate taxes since 2023.
Best year ever: 2023, with € 87,961 profit.
On average € 92,000 of value added per employee in 2025.
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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
Directors
According to the 2025 annual accounts
Deni Gurzhikhanov
Director
since 2023
Edgar Khanoyan
Director
· until 2025
Establishments
Establishment units
Physical locations of this company
Rue Haute 258
4701 Eupen
Rue Jean-Jacques Dony 2
4710 Lontzen
Active since 20 March 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0797.098.884
- VAT number
- BE 0797.098.884
- Registered office
- Rue Haute 258, 4701 Eupen
- Names & denominations
- SOLAVIE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 January 2023
- Peppol
- Active · Active since 6 Feb 2023
- Activities · NACE
Groothandel in elektrisch materiaal, inclusief installatiemateriaal
Detailhandel in houten bouw- en tuinmaterialen