SOLITEC (0759.467.240): financials and annual accounts

SOLITEC

Ghent ·KBO/BCE: BE 0759.467.240

Line	2025	2024	2023	2022	2021
Balance sheet: assets
Total assets`20/58`	1.1m	1.2m	1.1m	217,939	9,849
Formation expenses`20`	-	-	-	-	423
Fixed assets`21/28`	245,023	336,521	367,109	59,444	2,403
Intangible fixed assets`21`	7,068	9,888	12,708	1,119	1,452
Tangible fixed assets`22/27`	224,697	313,374	341,242	56,525	951
Plant, machinery and equipment`23`	9,063	11,624	3,893	1,646	-
Furniture and vehicles`24`	206,799	287,505	297,829	3,990	951
Leasing and similar rights`25`	8,835	14,245	39,520	50,889	-
Financial fixed assets`28`	13,259	13,259	13,159	1,800	-
Current assets`29/58`	843,464	884,350	704,906	158,495	7,024
Stocks and contracts in progress`3`	282,889	237,000	68,955	17,269	-
Stocks`30/36`	122,000	187,000	68,955	4,123	-
Contracts in progress`37`	160,889	50,000	-	13,146	-
Amounts receivable within one year`40/41`	424,321	458,287	264,758	28,512	5,093
Trade receivables`40`	391,418	405,211	205,853	16,530	4,071
Other amounts receivable`41`	32,903	53,076	58,904	11,982	1,023
Cash at bank and in hand`54/58`	130,738	181,607	371,194	110,159	1,930
Deferred charges and accrued income`490/1`	5,517	7,457	-	2,555	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.1m	1.2m	1.1m	217,939	9,849
Equity`10/15`	45,106	11,721	154,483	107,248	8,408
Contributions`10/11`	6,000	6,000	6,000	6,000	6,000
Reserves`13`	146,075	146,075	146,075	98,840	-
Distributable reserves`133`	146,075	146,075	146,075	98,840	-
Profit (loss) carried forward`14`	-106,968	-140,354	2,408	2,408	2,408
Amounts payable`17/49`	1.0m	1.2m	917,532	110,691	1,441
Amounts payable after more than one year`17`	230,614	306,799	278,096	34,802	-
Financial debts`170/4`	230,614	306,799	278,096	34,802	-
Amounts payable within one year`42/48`	812,767	902,108	639,104	75,889	1,441
Current portion of amounts payable after more than one year`42`	145,385	151,568	88,862	9,371	-
Financial debts`43`	137,400	150,000	-	-	-
Credit institutions`430/8`	137,400	150,000	-	-	-
Trade debts`44`	429,658	456,385	392,711	25,407	933
Suppliers`440/4`	429,658	456,385	392,711	25,407	933
Taxes, remuneration and social security`45`	94,131	137,076	141,508	30,240	508
Taxes`450/3`	58,700	8,115	54,736	23,873	508
Remuneration and social security`454/9`	35,431	128,961	86,772	6,367	-
Other amounts payable`47/48`	6,193	7,078	16,023	10,871	-
Accrued charges and deferred income`492/3`	-	244	332	-	-
Income statement
Non-recurring operating income`76A`	-	384	-	-	-
Gross operating margin`9900`	384,527	619,397	597,279	135,432	5,397
Remuneration, social security and pensions`62`	195,026	599,168	443,693	4,683	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	97,756	90,079	47,836	7,610	2,376
Other operating charges`640/8`	18,105	44,044	17,865	1,826	54
Non-recurring operating charges`66A`	-	-	2,529	-	-
Operating profit (loss)`9901`	73,641	-113,894	85,357	121,313	2,968
Financial income`75/76B`	4,136	5,204	2,575	465	1
Recurring financial income`75`	4,136	5,204	2,575	465	1
Financial charges`65/66B`	28,314	28,610	11,112	1,030	53
Recurring financial charges`65`	28,314	28,610	11,112	1,030	53
Profit (loss) for the period before taxes`9903`	49,463	-137,300	76,820	120,749	2,916
Income taxes`67/77`	16,077	5,462	29,585	21,909	508
Profit (loss) for the period`9904`	33,386	-142,763	47,235	98,840	2,408
Profit (loss) for the period to be appropriated`9905`	33,386	-142,763	47,235	98,840	2,408
Appropriation of the result
Profit (loss) to be appropriated`9906`	-106,968	-140,354	49,643	101,248	2,408
Profit (loss) brought forward from the previous period`14P`	-140,354	2,408	2,408	2,408	-
Transfer to equity`691/2`	-	-	47,235	98,840	-
To other reserves`6921`	-	-	47,235	98,840	-
Social balance sheet
Average staff (FTE)`9087`	5.7	13.7	12.6	0.1	-
Hours worked`1013`	5,355	20,615	19,635	250	-
Document	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
30-09-2025	abbreviated format	30-04-2026	2026-00103338	PDF
30-09-2024	micro format	30-04-2025	2025-00082476	PDF
30-09-2023	micro format	14-05-2024	2024-00089869	PDF
30-09-2022	micro format	18-05-2023	2023-00090633	PDF
30-09-2021	micro format	20-05-2022	2022-20033300	PDF

Year	Entries	Awarded	Paid
2025	1	€480	€240
2024	1	€0	€694
2023	1	€1,388	€979
2022	1	€555	€270

Line	2025	2024	2023	2022	2021
EBITDA	171,396	-23,815	133,193	128,923	5,343
Cash flow	131,142	-52,683	95,071	106,450	4,784
Investment in fixed assets	6,258	79,356	423,287	64,228	2,666
Change in cash	-50,869	-189,586	261,034	108,229	-
Working capital	30,697	-17,757	65,802	82,607	5,583
Solvency	4.1%	1.0%	14.4%	49.2%	85.4%
Current ratio	1.04	0.98	1.10	2.09	4.87
Quick ratio	0.69	0.72	1.00	1.86	4.87
Debt to equity	23.13	-	5.94	1.03	0.17
ROE	74.0%	-	30.6%	92.2%	28.6%
ROA	3.1%	-11.7%	4.4%	45.4%	24.5%
Interest coverage	6.05	-0.83	11.99	over 100	over 100

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022
Employees at the balance-sheet date	3	-	15	4
full-time	3	-	14	4
part-time	-	-	1	-
in full-time equivalents	3	-	14.8	4
Average over the year, in full-time equivalents	5.7	13.7	12.6	0.1
On a permanent contract	3	-	8	2
Joined	9	-	44	4
Left	15	-	33	0

SOLITEC

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency4.1%

Current ratio1.04

Return on assets3.1%

Staff

Staff cost per FTE€34,215

Joined and left-6

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €2,423 awarded, €2,183 paid

Key figures and ratios

Social balance sheet

Investments

Insights on SOLITEC

Next steps

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022	30-09-2021
Tangible fixed assets	€6,258	€79,256	€399,494	€62,428	€999
Intangible fixed assets	-	-	€12,434	-	€1,667
Financial fixed assets	-	€100	€11,359	€1,800	-
Depreciation and write-downs of the year	€97,756	€90,079	€47,836	€7,610	€2,376