ACTIVE

SOLITHERM

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Financial year 2025 · Closed on 31/12/2025

Net result71,9 k €-91,4 %over 1 year

Gross margin2,9 M €-29,8 %over 1 year

Equity1,8 M €-25,8 %over 1 year

Workforce34,5 ETP-12,0 %over 1 year

Identity

Source · BCE/KBO

SOLITHERM is a Public limited company incorporated in 1969. Its main activity is: Manufacture of flat glass. Its registered office is in Waregem. It employs on average 34,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0406.724.760
Incorporation: 02/06/1969
Legal form: Public limited company
Registered office: Caseelstraat 124
8790 Waregem · FlandreSee on map
Contributed capital: 640 000,00 €
Latest accounts: 31/12/2025
Average workforce: 34,5 ETP

Activities (NACE)

23110Manufacture of flat glass· main 23110Manufacture of flat glass 23120Shaping and processing of flat glass 23120Shaping and processing of flat glass 26110Manufacture of electronic components 26120Manufacture of loaded electronic boards+3

Joint committees (7)

115
1150
124
1240
200
2000
218

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,9 M €	-29.8%	4,1 M €	+2.0%	4,1 M €	+26.0%	3,2 M €	-7.0%	3,5 M €
EBITDA	827,3 k €	-52.6%	1,7 M €	+9.6%	1,6 M €	+80.8%	880,3 k €	-20.7%	1,1 M €
Operating result	251,3 k €	-80.5%	1,3 M €	+5.0%	1,2 M €	+131%	530,9 k €	-40.4%	891 k €
Net result	71,9 k €	-91.4%	839,3 k €	+3.6%	810,4 k €	+81.7%	446,1 k €	-31.9%	655,3 k €
Balance sheet
Equity	1,8 M €	-25.8%	2,4 M €	+10.9%	2,2 M €	+0.5%	2,2 M €	+11.6%	2 M €
Total assets	5,5 M €	-20.1%	6,9 M €	-4.2%	7,2 M €	-2.5%	7,4 M €	+18.7%	6,2 M €
Cash	334,1 k €	-59.8%	832 k €	+45.9%	570,1 k €	-13.9%	661,8 k €	-35.5%	1 M €
Debts	3,6 M €	-18.4%	4,4 M €	-10.9%	5 M €	-3.8%	5,2 M €	+23.8%	4,2 M €
Other
Workforce	34,5 ETP	-12.0%	39,2 ETP	-3.0%	40,4 ETP	-2.2%	41,3 ETP	-5.7%	43,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ALT 1912 INVEST0883.450.165Represented by Dave Cafmeyer	Managing director06/10/2025 → 07/06/2031Director28/02/2018 → 2019 accountsended
IDUSA0787.612.977Represented by Julius Sanders	Director06/10/2025 → 07/06/2031
Patrick Hoornaert	Director12/05/2025 → 06/10/2025
DEMACO INVEST0524.691.905Represented by Patrick Hoornaert	Director28/02/2018 → 12/05/2025Managing director19/04/2013 → 2014 accountsended
HOOCAF0690.915.855Represented by Hoornaert Philippe	Director28/02/2018 → 06/10/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GLASS ENGINEERING AND MANAGEMENT0807.637.242	Director30/09/2013 → 2013 accounts
Mark Dewulf	Director19/04/2013 → 2017 accounts
Sylvie Vandenborre	Director19/04/2013 → 30/09/2013

Other companies at this address

Caseelstraat 124 8790 Waregem

Company	CBE no.
CAFMILLERS● Active	1028.225.734
HOOCAF● Active	0690.915.855

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/07/2026	29/04/2025	16/07/2024	03/07/2023	13/07/2022	29/06/2021
General meeting	30/06/2026	18/04/2025	24/06/2024	02/06/2023	17/06/2022	05/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	09/07/2026	Dutch	PDF
Abridged model	31/12/2024	18/04/2025	29/04/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	16/07/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	03/07/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	13/07/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	29/06/2021	Dutch	PDF
Abridged model	31/12/2019	06/06/2020	29/06/2020	Dutch	PDF
Abridged model	31/12/2018	17/06/2019	16/07/2019	Dutch	PDF
Abridged model	31/12/2017	21/02/2018	15/03/2018	Dutch	PDF
Abridged model	31/12/2016	26/06/2017	26/07/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	24/06/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	02/07/2014	Dutch	PDF
Full model	31/12/2012	02/05/2013	04/06/2013	Dutch	PDF
Full model	31/12/2011	12/06/2012	29/06/2012	Dutch	PDF
Full model	31/12/2010	14/06/2011	05/07/2011	Dutch	PDF
Full model	31/12/2009	08/06/2010	26/07/2010	Dutch	PDF
Full model	31/12/2008	09/06/2009	22/07/2009	Dutch	PDF
Full model	31/12/2007	07/06/2008	10/07/2008	Dutch	PDF
Full model	31/12/2006	12/06/2007	20/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ALT 1912 INVEST0883.450.165Represented by Dave Cafmeyer	Managing director06/10/2025 → 07/06/2031Director28/02/2018 → 2019 accountsended
IDUSA0787.612.977Represented by Julius Sanders	Director06/10/2025 → 07/06/2031
Patrick Hoornaert	Director12/05/2025 → 06/10/2025
DEMACO INVEST0524.691.905Represented by Patrick Hoornaert	Director28/02/2018 → 12/05/2025Managing director19/04/2013 → 2014 accountsended
HOOCAF0690.915.855Represented by Hoornaert Philippe	Director28/02/2018 → 06/10/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GLASS ENGINEERING AND MANAGEMENT0807.637.242	Director30/09/2013 → 2013 accounts
Mark Dewulf	Director19/04/2013 → 2017 accounts
Sylvie Vandenborre	Director19/04/2013 → 30/09/2013

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates31/10/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other11/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/03/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/10/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/05/2013
ONTSLAGEN - BENOEMINGEN
PDF

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A company's peers, by sector and size, are included in the Business plan.

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

IDUSA

ALT 1912 INVEST

Patrick Hoornaert

DEMACO INVEST

HOOCAF

GLASS ENGINEERING AND MANAGEMENT

Mark Dewulf

Sylvie Vandenborre

Lieven Bouckaert

Michiel Bouckaert

Stefaan Bouckaert

196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

SOLITHERMSoliver Waregem

Caseelstraat 124, 8790 Waregem

Director

Managing directorDirector

Director

DirectorManaging director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Caseelstraat 124, 8790 WaregemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00276677

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
SOLITHERMCurrent	accounts 2025	Accounts 2025 · 2026-00276677
Soliver Waregem	accounts 2006 → 2024	Accounts 2024 · 2025-00088666

Events

2025
Annual accounts 202571,9 k €↓
2025
Name changeSOLITHERM
2024
Annual accounts 2024839,3 k €↑
2023
Annual accounts 2023810,4 k €↑
2022
Annual accounts 2022446,1 k €↓
2021
Annual accounts 2021655,3 k €↑
2018
Annual accounts 2018619,1 k €↑
2015
Annual accounts 2015413,1 k €↑
2014
Annual accounts 2014358,5 k €↑
2013
Annual accounts 2013208,2 k €↓
2012
Annual accounts 2012445,1 k €↓
2011
Annual accounts 2011702,4 k €↓
2010
Annual accounts 2010783 k €↓
2009
Annual accounts 2009997 k €↑
2008
Annual accounts 2008663,6 k €↑
2007
Annual accounts 2007584,8 k €↑
2006
Annual accounts 2006365,6 k €
02/06/1969
IncorporationPublic limited company

SOLITHERM

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events