ACTIVE

Solvus

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Financial year 2025 · closed on 31/12/2025

Net result

411,7 k €

-9.2% YoY

Revenue

329,7 M €

+1.4% YoY

Equity

2,2 M €

+23.0% YoY

Workforce

176,7 ETP

-10.8% YoY

What does Solvus do?

Solvus is a Public limited company incorporated in 1996. Its main activity is: Activities of employment placement agencies. Its registered office is in Antwerpen. It employs on average 176,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.455.463

Incorporation

08/03/1996

Legal form

Public limited company

Registered office

Frankrijklei 101
2000 Antwerpen · FlandreSee on map

Contributed capital

662 405,00 €

Latest accounts

31/12/2025

Average workforce

176,7 ETP

Activities (NACE)

78100Activities of employment placement agencies· main 78100Activities of employment placement agencies

Joint committees (3)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	329,7 M €	+1.4%	325,1 M €	+24.6%	260,8 M €	+15.7%	225,5 M €	+29.2%	174,6 M €	+46.7%	119 M €	+4.7%	113,6 M €	+47.9%	76,8 M €	+69.1%	45,4 M €	+74.5%	26 M €	+11.8%	23,3 M €	+41.4%	16,5 M €	+75.8%	9,4 M €	+2.9%	9,1 M €	+12.0%	8,1 M €	+173%	3 M €	+63.6%	1,8 M €	-9.6%	2 M €
EBITDA	1 M €	-13.9%	1,2 M €	+1.3%	1,2 M €	+74.6%	672 k €	+1558%	40,5 k €	-89.5%	384,9 k €	+177%	-497,2 k €	-102%	-245,8 k €	-194%	261,6 k €	+35.2%	193,5 k €	+169%	-280,4 k €	-835%	-30 k €	-106%	488,3 k €	+3.3%	472,7 k €	-6.7%	506,7 k €	-20.4%	636,8 k €	+91.5%	332,6 k €	-10.3%	370,9 k €
Operating result	964,1 k €	-14.6%	1,1 M €	+2.0%	1,1 M €	+84.3%	600,2 k €	+1316%	-49,4 k €	-116%	302,8 k €	+151%	-594,6 k €	-73.9%	-342 k €	-296%	174,6 k €	+16.1%	150,4 k €	+151%	-295,6 k €	-885%	-30 k €	-106%	488,3 k €	+3.3%	472,7 k €	-6.7%	506,7 k €	-20.4%	636,8 k €	+91.5%	332,6 k €	-10.3%	370,9 k €
Net result	411,7 k €	-9.2%	453,4 k €	-30.3%	650,1 k €	+101%	322,8 k €	+149%	-661,9 k €	-668%	116,5 k €	+116%	-719,9 k €	-75.5%	-410,3 k €	-406%	-81,1 k €	-14194%	575,7 €	+100%	-366,4 k €	-226%	-112,4 k €	-141%	272,4 k €	-1.6%	276,8 k €	-18.7%	340,4 k €	-20.1%	425,9 k €	+98.5%	214,5 k €	-18.7%	263,7 k €
Balance sheet
Equity	2,2 M €	+23.0%	1,8 M €	+33.9%	1,3 M €	+94.7%	686,3 k €	+88.8%	363,5 k €	-30.8%	525,4 k €	+28.5%	408,9 k €	-63.8%	1,1 M €	-26.7%	1,5 M €	-5.0%	1,6 M €	+0.0%	1,6 M €	-18.4%	2 M €	-5.4%	2,1 M €	+14.9%	1,8 M €	+17.9%	1,5 M €	+28.2%	1,2 M €	+54.4%	782,9 k €	+37.7%	568,4 k €
Total assets	56,7 M €	+3.3%	54,9 M €	+25.7%	43,7 M €	-6.9%	46,9 M €	+44.6%	32,4 M €	+62.1%	20 M €	+2.6%	19,5 M €	-0.9%	19,7 M €	+19.8%	16,4 M €	+83.5%	9 M €	+25.2%	7,2 M €	+19.7%	6 M €	+39.9%	4,3 M €	+7.0%	4 M €	-2.0%	4,1 M €	+98.1%	2,1 M €	+70.4%	1,2 M €	+17.7%	1 M €
Cash	750,8 €	-60.2%	1,9 k €	-5.1%	2 k €	+68.0%	1,2 k €	-14.5%	1,4 k €	+55.9%	888 €	-4.4%	928,9 €		–		27,6 k €		–		–		55,8 k €	+786%	6,3 k €		–		–		–		–		580,8 k €
Debts	53,9 M €	+2.5%	52,6 M €	+26.1%	41,7 M €	-7.8%	45,2 M €	+45.1%	31,2 M €	+63.8%	19 M €	+1.3%	18,8 M €	+2.9%	18,3 M €	+25.6%	14,5 M €	+161%	5,6 M €	+14.8%	4,9 M €	+32.4%	3,7 M €	+70.9%	2,1 M €	-0.1%	2,1 M €	-14.9%	2,5 M €	+206%	825,1 k €	+97.1%	418,6 k €	-8.3%	456,5 k €
Other
Workforce	176,7 ETP	-10.8%	198,1 ETP	-4.1%	206,6 ETP	-14.6%	241,9 ETP	+16.7%	207,2 ETP	+12.7%	183,8 ETP	-7.3%	198,3 ETP	-13.5%	229,2 ETP	-9.4%	253,0 ETP	+1.2%	250,1 ETP	+18.1%	211,8 ETP	+2.7%	206,3 ETP	+13.3%	182,1 ETP	+2.5%	177,7 ETP	+17.0%	151,9 ETP	+166%	57,1 ETP	+74.6%	32,7 ETP	-18.0%	39,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 60 ended

Active mandates

CATARA

Managing director · since 02 juin 2025 · until 02 juin 2031 · 0648.956.031

Represented by Luc Engels

Active

Jordhis van Hoek

Director · since 04 juin 2024 · until 03 juin 2030

Active

Q-Finance

Director · since 04 juin 2024 · until 03 juin 2030 · 0808.960.895

Represented by Erik De Cock

Active

Scheerlinck Consulting

Director · since 01 mai 2021 · until 07 juin 2027 · 0766.795.985

Represented by Katty Scheerlinck

Active

Ended mandates

Scheerlinck Consulting

Director · since 01 mai 2021 · until 07 mai 2027 · 0766.795.985

Represented by Katty Scheerlinck

Ended

Scheerlinck Consulting

Director · since 01 mai 2021 · until 10 mai 2027 · 0766.795.985

Represented by Katty Scheerlinck

Ended

CATARA

Managing director · since 01 août 2019 · until 02 juin 2025 · 0648.956.031

Represented by Luc Engels

Ended

CATARA

Managing director · since 01 août 2019 · until 10 juin 2025 · 0648.956.031

Represented by Luc Engels

Ended

At this address

Other companies at this address

Company	CBE no.
Bright Plus● Active	0447.485.645
Bright Plus Outsourcing Solutions● Active	0475.945.940
entrili● Active	0643.741.587
EXPRESS MEDICAL● Active	0435.150.611
Jobinson● Active	0689.721.072
Mutualiteit Esso Voorzorgsfonds● Active	0422.945.734
RGF Staffing Belgium● Active	0461.127.904
Start People● Active	0456.512.385
START PEOPLE ABROAD● Active	0402.725.588
Start People Construct● Active	0427.547.987
Start People Services● Active	0459.708.338
THE CREW FLEX● Active	0822.205.949
UNIQUE● Active	0402.724.895
UNIQUE CAREER● Active	0455.516.354
USG PEOPLE BTW GROEP● Active	0841.698.890
USG Professionals● Active	0433.236.444
USG Public-Sourcing● Active	0823.392.022
VANDERSTEEN ASSOCIATES● Liquidation	0437.221.956

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/06/2026	17/06/2025	20/06/2024	13/06/2023	20/06/2022	25/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	06/06/2022	07/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	01/06/2026	16/06/2026	Dutch	PDF
Full model	31/12/2024	02/06/2025	17/06/2025	Dutch	PDF
Full model	31/12/2023	03/06/2024	20/06/2024	Dutch	PDF
Full model	31/12/2022	05/06/2023	13/06/2023	Dutch	PDF
Full model	31/12/2021	06/06/2022	20/06/2022	Dutch	PDF
Full model	31/12/2020	07/06/2021	25/06/2021	Dutch	PDF
Full model	31/12/2019	02/06/2020	25/06/2020	Dutch	PDF
Full model	31/12/2018	03/06/2019	24/06/2019	Dutch	PDF
Full model	31/12/2017	04/06/2018	04/07/2018	Dutch	PDF
Full modelCorrection	31/12/2016	06/06/2017	27/12/2017	Dutch	PDF
Full model	31/12/2016	06/06/2017	18/08/2017	Dutch	PDF
Full model	31/12/2015	06/06/2016	29/06/2016	Dutch	PDF
Full model	31/12/2014	01/06/2015	22/06/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	16/06/2014	Dutch	PDF
Full model	31/12/2012	03/06/2013	25/06/2013	Dutch	PDF
Full model	31/12/2011	25/06/2012	25/07/2012	Dutch	PDF
Full model	31/12/2010	06/06/2011	17/06/2011	Dutch	PDF
Full model	31/12/2009	18/05/2010	31/05/2010	Dutch	PDF
Full model	31/12/2008	19/05/2009	09/06/2009	Dutch	PDF
Full model	31/12/2007	02/06/2008	01/07/2008	Dutch	PDF
Full model	31/12/2006	15/06/2007	20/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 60 ended

Active mandates

CATARA

Managing director · since 02 juin 2025 · until 02 juin 2031 · 0648.956.031

Represented by Luc Engels

Active

Jordhis van Hoek

Director · since 04 juin 2024 · until 03 juin 2030

Active

Q-Finance

Director · since 04 juin 2024 · until 03 juin 2030 · 0808.960.895

Represented by Erik De Cock

Active

Scheerlinck Consulting

Director · since 01 mai 2021 · until 07 juin 2027 · 0766.795.985

Represented by Katty Scheerlinck

Active

Ended mandates

Scheerlinck Consulting

Director · since 01 mai 2021 · until 07 mai 2027 · 0766.795.985

Represented by Katty Scheerlinck

Ended

Scheerlinck Consulting

Director · since 01 mai 2021 · until 10 mai 2027 · 0766.795.985

Represented by Katty Scheerlinck

Ended

CATARA

Managing director · since 01 août 2019 · until 02 juin 2025 · 0648.956.031

Represented by Luc Engels

Ended

CATARA

Managing director · since 01 août 2019 · until 10 juin 2025 · 0648.956.031

Represented by Luc Engels

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other06/07/2026
—
PDF
Mandates15/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/01/2023
KAPITAAL - AANDELEN
PDF
Mandates04/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates14/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other15/06/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DOEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025411,7 k €↓
02/06/2025
nominationCatara BV — bestuurder
2024
Annual accounts 2024453,4 k €↓
04/06/2024
nominationJordhis Van Hoek — bestuurder
04/06/2024
nominationQ-Finance BV — bestuurder
2023
Annual accounts 2023650,1 k €↑
2022
Annual accounts 2022322,8 k €↑
15/11/2022
autre
2021
Annual accounts 2021-661,9 k €↓
2020
Annual accounts 2020116,5 k €↑
2020
Name changeSolvus
2019
Annual accounts 2019-719,9 k €↓
2018
Annual accounts 2018-410,3 k €↓
2017
Annual accounts 2017-81,1 k €↓
2016
Annual accounts 2016575,7 €↑
2015
Annual accounts 2015-366,4 k €↓
2014
Annual accounts 2014-112,4 k €↓
2013
Annual accounts 2013272,4 k €↓
2013
Name changeUSG People Business Solutions
2012
Annual accounts 2012276,8 k €↓
2011
Annual accounts 2011340,4 k €↓
2010
Annual accounts 2010425,9 k €↑
2009
Annual accounts 2009214,5 k €↓
2008
Annual accounts 2008263,7 k €
2008
Name changeStart People Projects
08/03/1996
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Solvus

Overview

What does Solvus do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline