Financials
Financial year 2025
SOLAREC from Libramont-Chevigny, company number BE0442442140, closed financial year 2025 with a result of € 1.7 million after tax. For that financial year SOLAREC recorded revenue of € 943.3 million and equity of € 89 million. Compared with financial year 2024, the result moved from € 6.9 million to € 1.7 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 89 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.7 million
▼ 75% vs 2024
Profit after tax over the fiscal year.
€ 10.7 million
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 30.7 million.
People and assets in 2025
401.2
▲ 15.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 33.5 million
▲ 8% vs 2024
€ 83,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 35.2 million
▼ 11% vs 2024
Of which on lease € 35.2 million.
Debts at end 2025
€ 118.3 million
€ 30.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 89 million
▼ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 37 days on average.
€ 4.3 million
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 999,907,985 | € 834,799,238 | € 916,720,751 | € 943,298,348 | ▲ 3% |
| Profit after taxes | € 5,097,633 | € 2,221,192 | € 6,850,771 | € 1,732,535 | ▼ 75% |
| Equity | € 63,499,031 | € 80,547,240 | € 87,591,335 | € 89,003,955 | ▲ 2% |
| Total debts | € 310,422,908 | € 259,376,446 | € 256,357,794 | € 251,417,614 | ▼ 2% |
| Cash | € 9,612,754 | € 16,663,653 | € 20,818,022 | € 10,697,659 | ▼ 49% |
| Land & buildings | € 36,017,439 | € 34,892,465 | € 33,176,462 | € 32,148,389 | ▼ 3% |
| Retained profit | € 19,908,864 | € 22,130,056 | € 28,980,827 | € 30,713,362 | ▲ 6% |
| Bank debt | € 129,487,160 | € 119,918,722 | € 117,783,433 | € 118,265,997 | |
| Balance sheet total | € 374,025,440 | € 339,923,686 | € 343,949,129 | € 340,421,569 | ▼ 1% |
| Employees (FTE) | 285.3 | 368 | 386 | 401.2 | ▲ 15.2 |
Key figures of SOLAREC, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SOLAREC?
What happened at SOLAREC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- FABIEN RENARD stepped down as director. NBB
- GILLES GERARD stepped down as director. NBB
- FRANCIS BERNARD stepped down as director. NBB
- HENDRIK VAN DER VALK stepped down as director. NBB
- CHRISTIAN BAGUETTE stepped down as director. NBB
- PHILIPPE VANWYNSBERGHE stepped down as director. NBB
- DOMINIQUE BILOCQ stepped down as director. NBB
- ERWIN-PETER MURGES stepped down as director. NBB
In short
From € 5.1 million profit in 2022 to € 1.7 million profit in 2025.
Paid € 4.5 million in corporate taxes since 2022.
Best year ever: 2024, with € 6.9 million profit.
Pays suppliers within 37 days on average.
Management
The stake of LAITERIE DES ARDENNES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SOLARECThe shares are held by LAITERIE DES ARDENNES. It owns AHL, LOGIREC and GERIS FOOD GROUP B.V. itself.
Directors
According to the 2025 annual accounts
DOMINIQUE BILOCQ
Chairman of the board
since 2022 · until 2028
FRANCIS BERNARD
Director
since 2023 · until 2029
FABIEN RENARD
Director
since 2024 · until 2030
GILLES GERARD
Director
since 2024 · until 2030
since 2021 · until 2027
HENDRIK VAN DER VALK
Vice-chairman of the board
since 2023 · until 2029
ERWIN-PETER MURGES
Director
since 2022 · until 2028
REGIS TRICOTEAUX
Director
since 2025 · until 2026
CHRISTIAN BAGUETTE
Director
since 2023 · until 2029
PHILIPPE RENARD
Director
since 2022 · until 2028
BENOIT LANDRECY
Director
since 2022 · until 2028
since 2025 · until 2029
PIERRE LEBOUTTE
Director
since 2021 · until 2027
Shareholders
Establishments
Establishment units
Physical locations of this company
Recogne,Rue de Saint-Hubert 75
6800 Libramont-Chevigny
Rue des Azalées(B) 3B
7331 Saint-Ghislain
Active since 1 October 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AS-HOSTINGER, CY
Website info
Features
Security
Details
- Company number
- 0442.442.140
- VAT number
- BE 0442.442.140
- Registered office
- Recogne,Rue de Saint-Hubert 75, 6800 Libramont-Chevigny
- Names & denominations
- SOLAREC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 December 1990
- Peppol
- Active · Active since 27 Nov 2025
- Activities · NACE
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