ACTIVE

Solbus

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Financial year 2025 · closed on 31/12/2025
Net result
595 k €
+2.8% YoY
Revenue
2,1 M €
+2.8% YoY
Equity
486,3 k €
-17.8% YoY
Workforce
0,0 ETP

What does Solbus do?

Solbus is a Public limited company incorporated in 2015. Its main activity is: Buying and selling of own real estate. Its registered office is in Etterbeek.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0643.699.720
Incorporation
30/11/2015
Legal form
Public limited company
Registered office
Rue Belliard 40 box 6
1040 Etterbeek · BruxellesSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
68100Buying and selling of own real estate· main68110Buying and selling of own real estate
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Revenue2,1 M €2,1 M €2 M €–––––––
EBITDA1,9 M €1,9 M €1,8 M €1,6 M €595,7 k €-3,5 k €92,5 k €-6,1 k €-1,4 k €-3,3 k €
Operating result1,3 M €1,3 M €1,2 M €1,1 M €-620,3 k €-3,5 k €92,5 k €-6,1 k €-1,4 k €-3,3 k €
Net result595 k €578,7 k €583,2 k €445,1 k €-901,2 k €-91,5 k €-72,2 k €-8,4 k €-594,6 €-3,3 k €
Balance sheet
Equity486,3 k €591,3 k €12,6 k €-570,7 k €-1 M €-114,6 k €-23 k €49,2 k €57,6 k €58,2 k €
Total assets23,4 M €25,9 M €25,4 M €26,1 M €25,6 M €15,4 M €8,8 M €1,1 M €57,6 k €58,7 k €
Cash345,7 k €2,3 M €666,4 k €745,9 k €251,9 k €63,7 k €86,3 k €320,1 k €3,6 k €40,6 k €
Debts22,7 M €25,1 M €25,2 M €26,5 M €26,6 M €15,5 M €8,7 M €1,1 M €–505,5 €
Other
Workforce0,0 ETP–––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 19 ended

Active mandates

Victoria Liénart van Lidth de Jeude

Director · since 31 mars 2025 · until 14 juin 2030

Active
MG RE Investment

Director · since 14 juin 2024 · until 14 juin 2030 · 1003.164.892

Represented by Ignace De Paepe

Active
Wail Kodoud

Director · since 14 mai 2024 · until 14 juin 2030

Active
ARDEF

Director · since 17 juin 2022 · until 09 juin 2028 · 0786.522.322

Represented by Arthur De Four

Active
Piet Van Poppel

Director · since 16 décembre 2021 · until 31 mars 2025 · 0846.196.821

Represented by Pieter Van Poppel

Active

Ended mandates

MG RE Investment

Director · since 14 juin 2024 · until 14 juin 2030 · 1003.164.892

Represented by Ignace De Paepe

Ended
ARDEF

Director · since 17 juin 2022 · until 09 juin 2028 · 0786.522.322

Represented by Arthur De Four

Ended
Caroline Brams

Director · since 16 décembre 2021 · until 14 mai 2024

Ended
Caroline Brams

Director · since 16 décembre 2021 · until 11 juin 2027

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/07/202616/07/202528/06/202427/06/202312/07/202207/07/2021
General meeting12/06/202613/06/202514/06/202409/06/202317/06/202211/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202512/06/202601/07/2026DutchPDF
Abridged model31/12/202413/06/202516/07/2025DutchPDF
Abridged model31/12/202314/06/202428/06/2024DutchPDF
Abridged model31/12/202209/06/202327/06/2023DutchPDF
Abridged model31/12/202117/06/202212/07/2022DutchPDF
Abridged model31/12/202011/06/202107/07/2021DutchPDF
Abridged model31/12/201912/06/202002/07/2020DutchPDF
Abridged model31/12/201814/06/201902/07/2019DutchPDF
Abridged model31/12/201708/06/201828/06/2018DutchPDF
Abridged model31/12/201609/06/201726/06/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 5 active · 19 ended

Active mandates

Victoria Liénart van Lidth de Jeude

Director · since 31 mars 2025 · until 14 juin 2030

Active
MG RE Investment

Director · since 14 juin 2024 · until 14 juin 2030 · 1003.164.892

Represented by Ignace De Paepe

Active
Wail Kodoud

Director · since 14 mai 2024 · until 14 juin 2030

Active
ARDEF

Director · since 17 juin 2022 · until 09 juin 2028 · 0786.522.322

Represented by Arthur De Four

Active
Piet Van Poppel

Director · since 16 décembre 2021 · until 31 mars 2025 · 0846.196.821

Represented by Pieter Van Poppel

Active

Ended mandates

MG RE Investment

Director · since 14 juin 2024 · until 14 juin 2030 · 1003.164.892

Represented by Ignace De Paepe

Ended
ARDEF

Director · since 17 juin 2022 · until 09 juin 2028 · 0786.522.322

Represented by Arthur De Four

Ended
Caroline Brams

Director · since 16 décembre 2021 · until 14 mai 2024

Ended
Caroline Brams

Director · since 16 décembre 2021 · until 11 juin 2027

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/07/2024
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/01/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/07/2019
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 2025595 k €↑
  2. 2024
    Annual accounts 2024578,7 k €↓
  3. 2023
    Annual accounts 2023583,2 k €↑
  4. 2022
    Annual accounts 2022445,1 k €↑
  5. 2021
    Annual accounts 2021-901,2 k €↓
  6. 2020
    Annual accounts 2020-91,5 k €↓
  7. 2019
    Annual accounts 2019-72,2 k €↓
  8. 2018
    Annual accounts 2018-8,4 k €↓
  9. 2017
    Annual accounts 2017-594,6 €↑
  10. 2016
    Annual accounts 2016-3,3 k €
  11. 30/11/2015
    IncorporationPublic limited company