SOLHER
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 27-04-2026 PDF all 3 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5.2m▲ 517%
2024 · €836,875
Working capital
€2.4m▼ 69.2%
2024 · €7.8m
Trend over the years
2023 to 2025, 3 financial years
The operating result for 2025 is a loss of €91,682, smaller than the loss of €129,970 in 2024.
Operating result-€0.09m
2025
Net result€5.2m
2025
Total assets€131.1m
2025
Equity€104.7m
2025
Debt€26.4m
2025
Working capital€2.4m
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€0.1m--€0.1m▼ 14.8%-€0.09m▲ 29.5%
Net result€1.7m-€0.8m▼ 51.8%€5.2m▲ 517%
Equity€16.6m-€101.2m▲ 509%€104.7m▲ 3.5%
Total assets€43.3m-€126.4m▲ 192%€131.1m▲ 3.7%
Debt€26.7m-€25.2m▼ 5.6%€26.4m▲ 4.8%
Working capital€8.8m-€7.8m▼ 10.7%€2.4m▼ 69.2%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €131.1m
Fixed assets
€126.7m ▲ 8.2%
Current assets
€4.5m ▼ 52.2%
Equity and liabilities €131.1m
Equity
€104.7m ▲ 3.5%
Debt
€26.4m ▲ 4.8%
Debt's share of the balance-sheet total rises from 19.9% to 20.1%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.18▼
2024 · 6.21
Debt to equity
0.25▲
2024 · 0.25
ROE
4.9%▲
2024 · 0.8%
ROA
3.9%▲
2024 · 0.7%
Debt ≤ 1 year
€2.0m▲
2024 · €1.5m
Debt > 1 year
€24.3m▲
2024 · €23.7m
Income taxes
€516,232▲
2024 · €83,688
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Debts secured on the company's own assets | €13.0m | €11.5m | €13.0m |
| Pledge on other assets, amount secured | €13.0m | €11.5m | €13.0m |
| Carrying value of the other pledged assets | €32.7m | €32.7m | €75.1m |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Financial fixed assets | €614 | €83.8m | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €0.02m | €0.02m | €0.02m | ▼ 10.1% |
| Gross operating margin9900 | -€0.09m | -€0.1m | -€0.08m | ▲ 32.6% |
| Operating profit (loss)9901 | -€0.1m | -€0.1m | -€0.09m | ▲ 29.5% |
| Financial income75/76B | €2.6m | €1.5m | €6.3m | ▲ 315% |
| Recurring financial income75 | €2.6m | €1.5m | €6.3m | ▲ 315% |
| Financial charges65/66B | €0.5m | €0.5m | €0.5m | ▲ 10.3% |
| Recurring financial charges65 | €0.5m | €0.5m | €0.5m | ▲ 10.3% |
| Profit (loss) for the period before taxes9903 | €1.9m | €0.9m | €5.7m | ▲ 517% |
| Income taxes67/77 | €0.2m | €0.08m | €0.5m | ▲ 517% |
| Profit (loss) for the period9904 | €1.7m | €0.8m | €5.2m | ▲ 517% |
| Profit (loss) for the period to be appropriated9905 | €1.7m | €0.8m | €5.2m | ▲ 517% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €43.3m | €126.4m | €131.1m | ▲ 3.7% |
| Fixed assets21/28 | €33.0m | €117.1m | €126.7m | ▲ 8.2% |
| Financial fixed assets28 | €33.0m | €117.1m | €126.7m | ▲ 8.2% |
| Current assets29/58 | €10.3m | €9.3m | €4.5m | ▼ 52.2% |
| Amounts receivable within one year40/41 | €0.5m | €0.4m | €1.7m | ▲ 369% |
| Other amounts receivable41 | €0.5m | €0.4m | €1.7m | ▲ 369% |
| Current investments50/53 | €8.5m | €8.9m | - | - |
| Cash at bank and in hand54/58 | €1.3m | €0.08m | €2.7m | ▲ 33× |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €43.3m | €126.4m | €131.1m | ▲ 3.7% |
| Equity10/15 | €16.6m | €101.2m | €104.7m | ▲ 3.5% |
| Contributions10/11 | €2.5m | €86.3m | €86.3m | = |
| Reserves13 | €7.0m | €7.9m | €11.4m | ▲ 44.9% |
| Distributable reserves133 | €7.0m | €7.9m | €11.4m | ▲ 44.9% |
| Profit (loss) carried forward14 | €7.1m | €7.1m | €7.1m | = |
| Amounts payable17/49 | €26.7m | €25.2m | €26.4m | ▲ 4.8% |
| Amounts payable after more than one year17 | €25.2m | €23.7m | €24.3m | ▲ 2.5% |
| Financial debts170/4 | €11.5m | €10.0m | €22.6m | ▲ 126% |
| Other amounts payable178/9 | €13.7m | €13.7m | €1.7m | ▼ 87.7% |
| Amounts payable within one year42/48 | €1.5m | €1.5m | €2.0m | ▲ 36.1% |
| Current portion of amounts payable after more than one year42 | €1.5m | €1.5m | €0.4m | ▼ 72.2% |
| Trade debts44 | €0.008m | €0.001m | - | - |
| Suppliers440/4 | €0.008m | €0.001m | - | - |
| Other amounts payable47/48 | - | - | €1.6m | - |
| Accrued charges and deferred income492/3 | - | - | €0.08m | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.7m | €0.8m | €5.2m | ▲ 517% |
| Operating cash flow (approximation) | €1.7m | €0.8m | €5.2m | ▲ 517% |
| Investment in fixed assets (approximation) | - | -€84.0m | -€9.6m | ▲ 88.6% |
| Change in cash | - | -€1.2m | €2.6m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.