SOLMAR
ActiveSOLMAR has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.28M and a net result of €396k. Equity is growing by ~45.3% per year across the filed fiscal years. Its solvency ranks better than 60% of 138 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+10
Solvency69▲+12
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.45 in 2024), but 64.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 79
Relative position
BE, all sectors
reference
Sector 79
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.7%
Return on assets
11.1%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
31 d early
2023
47 d early
2022
52 d early
2021
31 d early
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
05-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€396k▲ 149%
2024 · €159k
2022: €316k
2023: €309k
2024: €159k
2022 → 2025
Working capital
€1.11M▲ 32.2%
2024 · €844k
2022: €982k
2023: €1.02M
2024: €844k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€413k-€722k▲ 74.8%€880k▲ 22.0%€1.28M▲ 45.0%
Operating result€396k-€383k▼ 3.3%€207k▼ 46.0%€534k▲ 159%
Net result€316k-€309k▼ 2.3%€159k▼ 48.6%€396k▲ 149%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 159% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.58M
Fixed assets
€582k▲ 194%
Current assets
€3.00M▲ 10.0%
Equity and liabilities €3.58M
Equity
€1.28M▲ 45.0%
Debt
€2.30M▲ 12.7%
The debt ratio falls from 69.9% to 64.3%: equity grows faster than debt.
Key figures and ratios
EBITDA
€589k▲
2024 · €249k
Cash flow
€450k▲
2024 · €202k
Solvency
35.7%▲
2024 · 30.1%
Current ratio
1.59▲
2024 · 1.45
Quick ratio
1.59▲
2024 · 1.45
Debt / equity
1.80▼
2024 · 2.32
ROE
31.0%▲
2024 · 18.0%
ROA
11.1%▲
2024 · 5.4%
Interest coverage
17.97▼
2024 · 20.65
Debt
€2.30M▲
2024 · €2.04M
Debt ≤ 1 year
€1.88M=
2024 · €1.88M
Debt > 1 year
€275k▲
2024 · €125k
Income taxes
€168k▲
2024 · €62k
Staff costs
€254k▲
2024 · €248k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Total assets
20/58€2.92M€3.58M▲
Fixed assets
21/28€198k€582k▲
Intangible fixed assets
21€11k€25k▲
Tangible fixed assets
22/27€187k€557k▲
Financial fixed assets
28€375-
Current assets
29/58€2.72M€3.00M▲
Amounts receivable within one year
40/41€707k€493k▼
Investments
50/53€761k€1.31M▲
Cash & bank
54/58€1.14M€943k▼
Total equity & liabilities
10/49€2.92M€3.58M▲
Equity
10/15€880k€1.28M▲
Contributions / capital
10/11€74k€74k=
Reserves
13€806k€1.20M▲
Amounts payable
17/49€2.04M€2.30M▲
Amounts payable after one year
17€125k€275k▲
Amounts payable within one year
42/48€1.88M€1.88M=
Trade debts payable within one year
44€241k€164k▼
Income statement
Code20242025
Gross operating margin
9900€502k€850k▲
Operating result
9901€207k€534k▲
Financial income
75€26k€68k▲
Financial charges
65€12k€33k▲
Result before taxes
9903€221k€564k▲
Income taxes
67/77€62k€168k▲
Net result for the period
9904€159k€396k▲
Result to be appropriated
9905€159k€396k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2022net €396k ▲149%
Operating result €534k, net result €396k, both a record.
31-12
Financial
Equity above €1MEq €1.28M ▲45%
4 profitable years in a row build equity to €1.28M.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €159k ▼48.6%
Net result drops to €159k, the lowest in the series; recovery starts the following year.
17-12
State Gazette act
Statutes amendment
Geraldine COPS
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €722k ▲74.8%
2 profitable years in a row build equity to €722k.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
JEMPI TRAVEL
BE 0472.590.037
Lochristi · Eq €1.26M
GENERALTOUR
BE 0420.385.825
Herstal · Eq €1.24M
GLOBAL TRAVEL
BE 0459.168.405
Oostende · Eq €1.32M
THALASSA
BE 0427.852.746
Oostende · Eq €1.34M
ROBINS TRAVEL
BE 0452.101.855
Kontich · Eq €1.34M
Of 1,440 companies in sector 79110 we hold annual accounts for 854. 462 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-09-1993
Fiscal year end31-12
Activities, NACEBEL
79110Travel agency activities
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 16-07-2026. Scores and ratios are computed by Checked and are not a credit decision.