Financials
Financial year 2025
SOLMAR from Maasmechelen, company number BE0451047327, closed financial year 2025 with a result of € 395,817 after tax. For that financial year SOLMAR recorded a gross margin of € 849,882 and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 158,754 to € 395,817. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 1.3 million
▲ 45% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 395,817
▲ 149% vs 2024
Profit after tax over the fiscal year.
€ 942,733
▼ 17% 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 € 1.2 million.
People and assets in 2025
€ 253,521
▲ 2% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 90,804
▲ 3% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 482,855
▲ 57% vs 2024
€ 107,801 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 163,666
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 81,293
▲ 221% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 630,375 | € 664,762 | € 501,801 | € 849,882 | ▲ 69% |
| Profit after taxes | € 316,282 | € 308,888 | € 158,754 | € 395,817 | ▲ 149% |
| Equity | € 412,801 | € 721,688 | € 880,442 | € 1,276,259 | ▲ 45% |
| Total debts | € 2,157,356 | € 2,055,427 | € 2,042,490 | € 2,302,824 | ▲ 13% |
| Cash | € 982,657 | € 799,047 | € 1,142,692 | € 942,733 | ▼ 17% |
| Land & buildings | € 57,746 | € 46,808 | € 91,043 | € 451,501 | ▲ € 360,457 |
| Retained profit | € 338,433 | € 647,320 | € 806,074 | € 1,201,891 | ▲ 49% |
| Bank debt | € 321,870 | € 321,190 | € 306,896 | € 482,855 | ▲ 57% |
| Balance sheet total | € 2,570,157 | € 2,777,116 | € 2,922,932 | € 3,579,083 | ▲ 22% |
Key figures of SOLMAR, 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 SOLMAR?
What happened at SOLMAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 395,817 (▲ 149% vs 2024). Source: NBB ↗
- New establishment in Maasmechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 316,282 profit in 2022 to € 395,817 profit in 2025.
Paid € 370,983 in corporate taxes since 2022.
Best year ever: 2025, with € 395,817 profit.
Management
Behind SOLMAR are Morena Vetrugno and Pascal Palumbo. The shares are held by Morena Vetrugno (100%).
Directors
According to the 2025 annual accounts
Pascal Palumbo
Director
Shareholders
Morena Vetrugno
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Pauwengraaf(E) 20
3630 Maasmechelen
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
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DNS
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Website info
Features
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Details
- Company number
- 0451.047.327
- VAT number
- BE 0451.047.327
- Registered office
- Pauwengraaf(E) 20, 3630 Maasmechelen
- Names & denominations
- SOLMAR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 September 1993
- Peppol
- Active · Active since 15 Dec 2025
- Contact
- solmar.be
- Activities · NACE
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