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 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SOLAF from Puurs-Sint-Amands, company number BE0889569677, closed financial year 2025 with a result of € 2.3 million after tax. For that financial year SOLAF recorded revenue of € 178.8 million and equity of € 5.1 million. Compared with financial year 2024, the result moved from € 1.2 million to € 2.3 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 5.1 million
▲ 30% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.3 million
▲ 86% vs 2024
Profit after tax over the fiscal year.
€ 1.1 million
▼ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.2 million paid out
50 % of the profit went to the shareholders, mostly to MAN-ENGINE (67 % of the shares). That is where the money ends up.
People and assets in 2025
26.1
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▲ 9% vs 2024
€ 73,000 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.
€ 1 million
▲ 145% vs 2024
Of which on lease € 124,828.
Debts at end 2025
€ 6.2 million
▼ 13% vs 2024
€ 188,108 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2.9 million
▲ € 2.3 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 6 days on average.
€ 163,802
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 55,629,162 | € 83,712,977 | € 131,852,386 | € 178,790,120 | ▲ 36% |
| Profit after taxes | € 564,542 | € 1,108,183 | € 1,249,121 | € 2,323,702 | ▲ 86% |
| Equity | € 1,887,356 | € 2,995,539 | € 3,944,660 | € 5,114,362 | ▲ 30% |
| Total debts | € 5,161,613 | € 8,367,518 | € 10,787,148 | € 12,745,615 | ▲ 18% |
| Cash | € 218,372 | € 2,650,220 | € 1,357,089 | € 1,083,691 | ▼ 20% |
| Retained profit | € 1,874,856 | € 2,983,039 | € 3,932,160 | € 5,101,862 | ▲ 30% |
| Dividend | € 200,000 | € 0 | € 300,000 | € 1,154,000 | ▲ 285% |
| Bank debt | € 3,390,045 | € 5,914,439 | € 7,125,161 | € 6,234,449 | ▼ 13% |
| Balance sheet total | € 7,048,970 | € 11,363,057 | € 14,731,808 | € 17,859,976 | ▲ 21% |
| Employees (FTE) | 16.5 | 20.9 | 25.2 | 26.1 | ▲ 0.9 |
Key figures of SOLAF, 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 SOLAF?
What happened at SOLAF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2.3 million (▲ 86% vs 2024). Source: NBB ↗
- MAN-ENGINE BV became a director. NBB
- New establishment in Puurs-Sint-Amands. KBO
- Start of the company according to the CBE. KBO
In short
From € 564,542 profit in 2022 to € 2.3 million profit in 2025.
Paid € 989,644 in corporate taxes since 2022.
Best year ever: 2025, with € 2.3 million profit.
Paid out € 1.7 million in dividends to the owners in total.
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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 stake of MAN-ENGINE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SOLAFBehind SOLAF is MAN-ENGINE BV. The shares are held by MAN-ENGINE (67%). It owns Ect France SAS and eCT Netherlands B.V itself.
Directors
According to the 2025 annual accounts
Enig bestuurder · represented by Filipp SEVOSTIANOV
since 2023
Shareholders
67%
Participations
Ect France SAS
eCT Netherlands B.V
Establishments
Establishment units
Physical locations of this company
Schoonmansveld 1
2870 Puurs-Sint-Amands
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0889.569.677
- VAT number
- BE 0889.569.677
- Registered office
- Schoonmansveld 1, 2870 Puurs-Sint-Amands
- Names & denominations
- SOLAF
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 May 2007
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in motorvoertuigen
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)