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 2024 and 2025.
Financials
Financial year 2025
SOLITHOR from Sint-Truiden, company number BE0773820270, closed financial year 2025 with a result of € -6.1 million after tax. For that financial year SOLITHOR recorded a gross margin of € 2.3 million and equity of € 6.9 million. Compared with financial year 2024, the result moved from € -4.8 million to € -6.1 million. The company made a loss. 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 May 8, 2026.
€ 6.9 million
▲ € 5.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6.1 million
▼ 27 % more loss than in 2024
Profit after tax over the fiscal year.
€ 3.6 million
▼ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -6.1 million.
People and assets in 2025
28.4
▲ 5.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▲ 8% vs 2024
€ 82,600 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.
€ 1.3 million
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.5 million
▼ 51% vs 2024
Loans from banks and other lenders, long and short.
€ 730,135
▲ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 270,278
▲ 28% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -78,521 | € 1,979,630 | € 2,730,811 | € 2,259,132 | ▼ 17% |
| Profit after taxes | € -3,168,020 | € -3,070,617 | € -4,827,971 | € -6,122,411 | ▼ € 1.3 million |
| Equity | € 6,834,708 | € 6,263,898 | € 1,435,927 | € 6,944,982 | ▲ € 5.5 million |
| Total debts | € 1,190,063 | € 6,573,740 | € 12,028,810 | € 6,647,590 | ▼ 45% |
| Cash | € 3,228,819 | € 4,661,591 | € 6,222,085 | € 3,578,165 | ▼ 42% |
| Retained profit | € -3,168,020 | € -6,238,637 | € -11,066,608 | € -6,122,411 | ▲ € 4.9 million |
| Bank debt | € 0 | € 6,016,438 | € 11,273,973 | € 5,539,178 | ▼ 51% |
| Balance sheet total | € 8,024,771 | € 12,837,639 | € 13,464,737 | € 13,592,572 | ▲ 1% |
| Employees (FTE) | 6.3 | 15.1 | 22.8 | 28.4 | ▲ 5.6 |
Key figures of SOLITHOR, 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 SOLITHOR?
What happened at SOLITHOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 6.1 million. Source: NBB ↗
- NOSHAQ PARTNERS BV became a director. NBB
- Tom Vanhoutte became a director. NBB
- New establishment in Sint-Truiden. KBO
- Lrm Beheer NV became a director. NBB
- Nubema NV became a director. NBB
- Leon Cappaert became a director. NBB
- Denchiligent BV became a director. NBB
In short
From € 3.2 million loss in 2022 to € 6.1 million loss in 2025.
On average € 79,500 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind SOLITHOR are Lrm Beheer NV, NOSHAQ PARTNERS BV, Nubema NV, Tom Vanhoutte, Leon Cappaert and Denchiligent BV. The shares are held by Nuhma Ac NV (18.4%), Federale Participatie-En Investeringsmaatschappij NV (18.4%), Imec.XPand Comm. VA (18.3%), Limburgse Reconversie Maatschappij NV (17.9%), IMEC VZW (9.4%) and NOSHAQ PARTNERS BV (8.4%).
Directors
According to the 2025 annual accounts
Director · represented by Tom Aerts
Also active at: Transport Marcel Depaire, Trafuco, Beltra - B, MIJNSCHADE EN BEMALING LIMBURGS MIJNGEBIED, BlooLoc, be-DIVE, LRM Lease, RMW +62 more
since 2022
Director · represented by Dimitri Liquet
Also active at: CAUTION MUTUELLE DES METIERS ET NEGOCES, Fonderies J. Marichal Ketin et Cie, DARDENNE, SOGECOM, VITAVERDE.BIO, HAEMERS Technologies, SPACEBEL, NOSHAQ VENTURE +169 more
since 2025
Director · represented by Peter Jans
Also active at: ECOO Recycling, WIND EN WATER ENERGIE PRODUCENT, C - Power, C-POWER HOLDCO, NUHMERIS, NUHMA DC, HERKENRODE REAL ESTATE, MyCSN +7 more
since 2022
Tom Vanhoutte
Director
since 2024
Leon Cappaert
Director
since 2022
Director · represented by Fanny Bardé
since 2022
Shareholders
18.4%
18.3%
9.4%
8.4%
Fanny Bardé
5.6%
Huw Hampson-Jones
3.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ondernemerslaan 5429
3800 Sint-Truiden
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0773.820.270
- VAT number
- BE 0773.820.270
- Registered office
- Ondernemerslaan 5429, 3800 Sint-Truiden
- Names & denominations
- SOLITHOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 September 2021
- Peppol
- Active · Active since 24 Jun 2025
- Activities · NACE
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