Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
SOLUTIA EUROPE from Gent, company number BE0460474440, closed financial year 2024 with a result of € -14.9 million after tax. For that financial year SOLUTIA EUROPE recorded revenue of € 486.9 million and equity of € 503.3 million. Compared with financial year 2023, the result moved from € -6.2 million to € -14.9 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2025.
€ 503.3 million
▼ 3% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14.9 million
▼ 141 % more loss than in 2023
Profit after tax over the fiscal year.
€ 8 million
▲ 204% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 357.4 million.
People and assets in 2024
333.9
▼ 8.3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 47.4 million
▲ 4% vs 2023
€ 142,100 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.
€ 2.1 million
▲ 8% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 786.1 million
▲ 1% vs 2023
€ 250 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 79 million
▲ 70% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 67 days on average.
€ 148.1 million
▲ 32% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 563,059,252 | € 531,830,489 | € 469,298,788 | € 486,892,170 | ▲ 4% |
| Profit after taxes | € -754,607 | € -8,528,205 | € -6,181,541 | € -14,920,071 | ▼ € 8.7 million |
| Equity | € 532,890,444 | € 524,362,239 | € 518,180,698 | € 503,260,627 | ▼ 3% |
| Total debts | € 948,590,042 | € 992,436,447 | € 968,298,934 | € 1,068,431,632 | ▲ 10% |
| Cash | € 4,599,522 | € 2,679,110 | € 2,629,453 | € 7,991,095 | ▲ 204% |
| Land & buildings | € 17,873,784 | € 17,438,202 | € 19,311,448 | € 18,905,431 | ▼ 2% |
| Retained profit | € 387,042,170 | € 378,513,964 | € 372,332,423 | € 357,412,352 | ▼ 4% |
| Dividend | € 319,851,435 | € 0 | € 0 | € 0 | |
| Bank debt | € 780,120,667 | € 779,570,613 | € 779,570,613 | € 786,144,432 | ▲ 1% |
| Balance sheet total | € 1,486,571,224 | € 1,522,337,975 | € 1,508,010,885 | € 1,599,647,148 | ▲ 6% |
| Employees (FTE) | 333.1 | 341.1 | 342.2 | 333.9 | ▼ 8.3 |
Key figures of SOLUTIA EUROPE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to SOLUTIA EUROPE?
What happened at SOLUTIA EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 14.9 million. Source: NBB ↗
- Bob Koen Theeten became a director. NBB
- Johan Rousseau became a director. NBB
- Joris Paul C. Kuijpers became a director. NBB
- Sabine Ketsman M.C.E. became a director. NBB
- New establishment in Antwerpen. KBO
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 754,607 loss in 2021 to € 14.9 million loss in 2024.
Paid € 40.6 million in corporate taxes since 2021.
Paid out € 319.9 million in dividends to the owners in total.
Pays suppliers within 67 days on average.
Management
Behind SOLUTIA EUROPE are Sabine Ketsman M.C.E., Bob Koen Theeten, Johan Rousseau and Joris Paul C. Kuijpers. It owns 100% of Solutia Greater China, Inc and 100% of Eastman Chemical Europe SARL itself.
Directors
According to the 2024 annual accounts
Sabine Ketsman M.C.E.
Director
since 2018
Bob Koen Theeten
Director
since 2024
since 2019
Joris Paul C. Kuijpers
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Ottergemsesteenweg-Zuid 707
9000 Gent
Scheldelaan 460
2040 Antwerpen
Active since 1 October 1997
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Details
- Company number
- 0460.474.440
- VAT number
- BE 0460.474.440
- Registered office
- Ottergemsesteenweg-Zuid 707, 9000 Gent
- Names & denominations
- SOLUTIA EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 April 1997
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
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