ACTIVE

SOLVACE

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Financial year 2024 · closed on 31/12/2024

Net result

299,3 k €

-45.5% YoY

Gross margin

1,2 M €

-12.8% YoY

Equity

3,9 M €

+8.4% YoY

Workforce

0,0 ETP

What does SOLVACE do?

SOLVACE is a Public limited company incorporated in 2011. Its main activity is: Computer programming activities. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0837.975.278

Incorporation

19/07/2011

Legal form

Public limited company

Registered office

Avenue du Port 86C box 105
1000 Bruxelles · BruxellesSee on map

Contributed capital

1 262 600,00 €

Latest accounts

31/12/2024

Average workforce

0,0 ETP

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 63100Data processing, hosting and related activities; web portals 63110Data processing, hosting and related activities 63120Web portals 63910News agency activities+4

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	1,2 M €	-12.8%	1,3 M €	+13.1%	1,2 M €	+6.4%	1,1 M €	-17.4%	1,3 M €	+94.0%	690,5 k €	+26.9%	544 k €	+38.7%	392,1 k €	+430%	74 k €	-24.1%	97,5 k €	+113%	45,9 k €	+9.0%	42,1 k €	-60.1%	105,5 k €
EBITDA	1,2 M €	-12.8%	1,3 M €	+13.1%	1,2 M €	+23.6%	951,6 k €	-6.9%	1 M €	+143%	421,3 k €	+46.5%	287,6 k €	+25.7%	228,7 k €	+986%	21,1 k €	+5.0%	20,1 k €	-21.9%	25,7 k €	+13.2%	22,7 k €	-78.4%	105,1 k €
Operating result	342,2 k €	-47.9%	657 k €	+2.6%	640,3 k €	+16.0%	552,3 k €	-21.7%	705,3 k €	+385%	145,4 k €	+146%	59,2 k €	+172%	21,8 k €	+126%	-82,9 k €	-42.2%	-58,3 k €	-298%	-14,7 k €	-2320%	-605,4 €	-101%	104,3 k €
Net result	299,3 k €	-45.5%	549,5 k €	+8.7%	505,3 k €	+19.8%	422 k €	-19.7%	525,8 k €	+366%	112,9 k €	-18.0%	137,7 k €	+127%	60,6 k €	+221%	-50 k €	-109%	-23,9 k €	-225%	19,2 k €	+5.5%	18,2 k €	-77.9%	82,3 k €
Balance sheet
Equity	3,9 M €	+8.4%	3,6 M €	+18.1%	3 M €	+20.0%	2,5 M €	+20.0%	2,1 M €	+33.3%	1,6 M €	+7.7%	1,5 M €	+9.4%	1,3 M €	+2.1%	1,3 M €	+363%	283,7 k €	-17.4%	343,3 k €	+148%	138,2 k €	+185%	48,5 k €
Total assets	4,8 M €	+11.0%	4,3 M €	+11.9%	3,8 M €	+18.3%	3,2 M €	+23.5%	2,6 M €	+29.6%	2 M €	-3.8%	2,1 M €	+37.5%	1,5 M €	+7.5%	1,4 M €	+317%	341,4 k €	-2.3%	349,6 k €	+125%	155,1 k €	+39.2%	111,4 k €
Cash	268,9 k €	-4.4%	281,4 k €	-11.3%	317,3 k €	-54.9%	702,9 k €	+48.3%	473,9 k €	+210%	153,1 k €	-8.0%	166,5 k €	+116%	77,1 k €	-6.1%	82,1 k €	+13.1%	72,6 k €	-61.4%	188 k €	+418%	36,3 k €	-61.5%	94,2 k €
Debts	597,3 k €	+94.9%	306,4 k €	-28.4%	428 k €	+12.5%	380,4 k €	+84.7%	205,9 k €	+89.3%	108,8 k €	-24.8%	144,7 k €	+150%	57,8 k €	+40.2%	41,2 k €	+89.4%	21,8 k €	+242%	6,4 k €	-62.2%	16,8 k €	-73.2%	62,9 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		3,2 ETP	-47.5%	6,1 ETP	+7.0%	5,7 ETP	0.0%	5,7 ETP	+18.8%	4,8 ETP		–		–		1,1 ETP	-26.7%	1,5 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 23 ended

Active mandates

Didier BRACKENIER

Director · since 28 juin 2021 · until 27 juin 2027

Active

Marcia DE TROYER

Director · since 28 juin 2021 · until 27 juin 2027

Active

Electra Capital SAS

Chairman of the board of directors · since 16 janvier 2019 · until 27 juin 2027

Represented by Bruno Machiels

Active

Emmanuel FRIONNET

Director · since 28 septembre 2016 · until 27 juin 2027

Active

Ended mandates

François CROP

Director · since 03 mai 2020 · until 27 septembre 2022

Ended

Reinout DECLERCK

Director · since 03 mai 2020 · until 27 septembre 2022

Ended

Electra Capital SAS

Chairman of the board of directors · since 16 janvier 2019 · until 27 septembre 2022

Represented by Bruno Machiels

Ended

Emmanuel FRIONNET

Director · since 28 septembre 2016 · until 27 septembre 2022

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/12/2025	07/11/2024	30/06/2023	12/09/2022	28/10/2021	26/08/2020
General meeting	30/06/2025	12/09/2024	21/06/2023	30/06/2022	30/06/2021	26/06/2020
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/06/2025	24/12/2025	Dutch	PDF
Abridged model	31/12/2023	12/09/2024	07/11/2024	Dutch	PDF
Abridged model	31/12/2022	21/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	12/09/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	28/10/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	26/08/2020	Dutch	PDF
Abridged model	31/12/2018	17/06/2019	11/07/2019	Dutch	PDF
Abridged model	31/12/2017	20/06/2018	28/06/2018	Dutch	PDF
Micro model	31/12/2016	15/05/2017	31/08/2017	Dutch	PDF
Abridged modelCorrection	31/12/2015	17/05/2016	25/09/2017	Dutch	PDF
Abridged model	31/12/2015	17/05/2016	17/08/2016	Dutch	PDF
Abridged model	31/12/2014	15/05/2015	05/08/2015	Dutch	PDF
Abridged model	31/12/2013	15/05/2014	22/08/2014	Dutch	PDF
Abridged model	31/12/2012	15/05/2013	07/06/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2024 · 4 active · 23 ended

Active mandates

Didier BRACKENIER

Director · since 28 juin 2021 · until 27 juin 2027

Active

Marcia DE TROYER

Director · since 28 juin 2021 · until 27 juin 2027

Active

Electra Capital SAS

Chairman of the board of directors · since 16 janvier 2019 · until 27 juin 2027

Represented by Bruno Machiels

Active

Emmanuel FRIONNET

Director · since 28 septembre 2016 · until 27 juin 2027

Active

Ended mandates

François CROP

Director · since 03 mai 2020 · until 27 septembre 2022

Ended

Reinout DECLERCK

Director · since 03 mai 2020 · until 27 septembre 2022

Ended

Electra Capital SAS

Chairman of the board of directors · since 16 janvier 2019 · until 27 septembre 2022

Represented by Bruno Machiels

Ended

Emmanuel FRIONNET

Director · since 28 septembre 2016 · until 27 septembre 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other13/07/2022
DIVERS
PDF
Registered office14/03/2022
SIEGE SOCIAL
PDF
Registered office04/03/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/01/2022
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office12/02/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/08/2019
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

2024
Annual accounts 2024299,3 k €↓
2023
Annual accounts 2023549,5 k €↑
2022
Annual accounts 2022505,3 k €↑
2021
Annual accounts 2021422 k €↓
2020
Annual accounts 2020525,8 k €↑
2019
Annual accounts 2019112,9 k €↓
2018
Annual accounts 2018137,7 k €↑
2017
Annual accounts 201760,6 k €↑
2016
Annual accounts 2016-50 k €↓
2015
Annual accounts 2015-23,9 k €↓
2014
Annual accounts 201419,2 k €↑
2013
Annual accounts 201318,2 k €↓
2012
Annual accounts 201282,3 k €
19/07/2011
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

SOLVACE

Overview

What does SOLVACE do?

Trend over 13 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