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 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SOL-ID from Gent, company number BE0821588812, closed financial year 2025 with a result of € 22,371 after tax. For that financial year SOL-ID recorded a gross margin of € 37,734 and equity of € 351,282. Compared with financial year 2024, the result moved from € 24,319 to € 22,371. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 351,282
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,371
▼ 8% vs 2024
Profit after tax over the fiscal year.
€ 20,477
▲ 9% 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 € 338,882.
People and assets in 2025
€ 1,094
▼ 62% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 96,766
▼ 22% vs 2024
€ 28,896 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 21,480
▲ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 38,948
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 17,931 | € 34,518 | € 32,750 | € 37,734 | ▲ 15% |
| Profit after taxes | € 3,407 | € 22,250 | € 24,319 | € 22,371 | ▼ 8% |
| Equity | € 282,342 | € 304,592 | € 328,911 | € 351,282 | ▲ 7% |
| Total debts | € 221,217 | € 222,477 | € 197,473 | € 178,961 | ▼ 9% |
| Cash | € 4,270 | € 11,570 | € 18,715 | € 20,477 | ▲ 9% |
| Land & buildings | € 1,955 | € 1,466 | € 977 | € 489 | ▼ 50% |
| Retained profit | € 269,942 | € 292,192 | € 316,511 | € 338,882 | ▲ 7% |
| Bank debt | € 204,648 | € 167,061 | € 124,166 | € 96,766 | ▼ 22% |
| Balance sheet total | € 503,559 | € 527,069 | € 526,384 | € 530,243 | ▲ 1% |
Key figures of SOL-ID, 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 SOL-ID?
What happened at SOL-ID in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 22,371 (▼ 8% vs 2024). Source: NBB ↗
- Geert Van Wesemael became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,407 profit in 2022 to € 22,371 profit in 2025.
Paid € 12,276 in corporate taxes since 2022.
Best year ever: 2024, with € 24,319 profit.
Management
Behind SOL-ID is Geert Van Wesemael.
Directors
According to the 2025 annual accounts
Geert Van Wesemael
Director
since 2009
Establishments
Establishment units
Physical locations of this company
Dok-Zuid 13
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0821.588.812
- VAT number
- BE 0821.588.812
- Registered office
- Dok-Zuid 13, 9000 Gent
- Names & denominations
- SOL-ID
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2009
- Peppol
- Active · Active since 5 Jan 2026
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