ACTIVE

SOLAREC

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Financial year 2025 · Closed on 31/12/2025

Net result1,7 M €-74,7 %over 1 year

Revenue943,3 M €+2,9 %over 1 year

Equity89 M €+1,6 %over 1 year

Workforce401,2 ETP+3,9 %over 1 year

Identity

Source · BCE/KBO

SOLAREC is a Public limited company incorporated in 1990. Its main activity is: Operation of dairies and cheese making. Its registered office is in Libramont-Chevigny. It employs on average 401,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0442.442.140
Incorporation: 31/12/1990
Legal form: Public limited company
Registered office: Recogne,Rue de Saint-Hubert 75
6800 Libramont-Chevigny · WallonieSee on map
Contributed capital: 55 988 524,00 €
Latest accounts: 31/12/2025
Average workforce: 401,2 ETP

Activities (NACE)

10510Operation of dairies and cheese making· main 10510Operation of dairies and cheese making 15510Manufacture of leather and related products 46331Wholesale of dairy products, eggs and edible oils and fats 46331Wholesale of dairy products, eggs and edible oils and fats 51331Air transport

Joint committees (2)

Contacts

3 public details availableLog in to view

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 23 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	943,3 M €	+2.9%	916,7 M €	+9.8%	834,8 M €	-16.5%	999,9 M €	+54.3%	648 M €
EBITDA	29 M €	-15.6%	34,4 M €	+18.3%	29 M €	+4.7%	27,7 M €	+50.7%	18,4 M €
Operating result	8 M €	-37.4%	12,7 M €	+62.7%	7,8 M €	-13.7%	9,1 M €	+56.0%	5,8 M €
Net result	1,7 M €	-74.7%	6,9 M €	+208%	2,2 M €	-56.4%	5,1 M €	+134%	2,2 M €
Balance sheet
Equity	89 M €	+1.6%	87,6 M €	+8.7%	80,5 M €	+26.8%	63,5 M €	+8.3%	58,6 M €
Total assets	340,4 M €	-1.0%	343,9 M €	+1.2%	339,9 M €	-9.1%	374 M €	+17.8%	317,5 M €
Cash	10,7 M €	-48.6%	20,8 M €	+24.9%	16,7 M €	+73.3%	9,6 M €	+15.1%	8,4 M €
Debts	251,3 M €	-1.9%	256,3 M €	-1.1%	259,1 M €	-16.5%	310,2 M €	+19.9%	258,7 M €
Other
Workforce	401,2 ETP	+3.9%	386,0 ETP	+4.9%	368,0 ETP	+29.0%	285,3 ETP	+9.6%	260,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

13 active · 17 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
PHILIPPE VANWYNSBERGHE	Director15/04/2025 → 30/06/2029
REGIS TRICOTEAUX	Director14/05/2025 → 30/06/2030
FABIEN RENARD	Director14/05/2024 → 30/06/2030
GILLES GERARD	Director08/05/2018 → 30/06/2030
CHRISTIAN BAGUETTE	Director24/06/2006 → 30/06/2029Chairman of the board of directors01/06/2011 → 2013 accountsended
FRANCIS BERNARD	Director11/05/2023 → 30/06/2029
HENDRIK VAN DER VALK	Vice-chairman of the board of directors10/03/2021 → 30/06/2029Director11/03/2020 → 2020 accountsended
BENOIT LANDRECY	Director16/10/2018 → 15/03/2029Chairman of the board of directors16/10/2018 → 2020 accountsended
DOMINIQUE BILOCQ	Chairman of the board of directors10/03/2021 → 15/03/2029Vice-chairman of the board of directors27/05/2010 → 2020 accountsendedDirector27/05/2010 → 2019 accountsended
ERWIN-PETER MURGES	Director16/03/2016 → 15/03/2029
PHILIPPE RENARD	Director27/05/2010 → 15/03/2029
LUC RASSENEUR	Director10/03/2021 → 30/06/2027
PIERRE LEBOUTTE	Director10/03/2021 → 30/06/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HENRI BRICHART	Director14/05/2024 → 2024 accounts
JEAN-FRANCOIS LEBOUTTE	Director11/05/2023 → 2024 accounts

Other companies at this address

Recogne,Rue de Saint-Hubert 75 6800 Libramont-Chevigny

Company	CBE no.
AHL Distribution● Active	0845.437.548
LAITERIE DES ARDENNES● Active	0821.385.706
LDA Transports● Active	0821.597.225
LOGISTIQUE RECOGNE● Active	0870.982.004

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	28/07/2026	26/06/2025	19/06/2024	14/07/2023	29/06/2022	11/06/2021
General meeting	12/05/2026	14/05/2025	14/05/2024	11/05/2023	11/05/2022	10/03/2021
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, 23 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	12/05/2026	28/07/2026	French	PDF
Full model	31/12/2024	14/05/2025	26/06/2025	French	PDF
Full model	31/12/2023	14/05/2024	19/06/2024	French	PDF
Full model	31/12/2022	11/05/2023	14/07/2023	French	PDF
Full model	31/12/2021	11/05/2022	29/06/2022	French	PDF
Full model	31/12/2020	10/03/2021	11/06/2021	French	PDF
Full model	31/12/2019	11/03/2020	26/06/2020	French	PDF
Full model	31/12/2018	13/03/2019	09/07/2019	French	PDF
Full model	31/12/2017	14/03/2018	11/05/2018	French	PDF
Full model	31/12/2016	15/03/2017	31/08/2017	French	PDF
Full modelCorrection	31/12/2015	16/03/2016	02/11/2016	French	PDF
Full model	31/12/2015	16/03/2016	13/07/2016	French	PDF
Full model	31/12/2014	19/03/2015	24/07/2015	French	PDF
Full modelCorrection	31/12/2013	20/03/2014	24/10/2014	French	PDF
Full model	31/12/2013	20/03/2014	20/06/2014	French	PDF
Full model	31/12/2012	16/05/2013	02/08/2013	French	PDF
Full model	31/12/2011	26/04/2012	11/07/2012	French	PDF
Full model	31/12/2010	01/06/2011	02/09/2011	French	PDF
Full modelCorrection	31/12/2009	27/05/2010	02/09/2011	French	PDF
Full model	31/12/2009	27/05/2010	26/08/2010	French	PDF
Full model	31/12/2008	03/04/2009	08/07/2009	French	PDF
Full model	31/12/2007	09/07/2008	24/07/2008	French	PDF
Full model	31/12/2006	27/06/2007	25/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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

13 active · 17 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
PHILIPPE VANWYNSBERGHE	Director15/04/2025 → 30/06/2029
REGIS TRICOTEAUX	Director14/05/2025 → 30/06/2030
FABIEN RENARD	Director14/05/2024 → 30/06/2030
GILLES GERARD	Director08/05/2018 → 30/06/2030
CHRISTIAN BAGUETTE	Director24/06/2006 → 30/06/2029Chairman of the board of directors01/06/2011 → 2013 accountsended
FRANCIS BERNARD	Director11/05/2023 → 30/06/2029
HENDRIK VAN DER VALK	Vice-chairman of the board of directors10/03/2021 → 30/06/2029Director11/03/2020 → 2020 accountsended
BENOIT LANDRECY	Director16/10/2018 → 15/03/2029Chairman of the board of directors16/10/2018 → 2020 accountsended
DOMINIQUE BILOCQ	Chairman of the board of directors10/03/2021 → 15/03/2029Vice-chairman of the board of directors27/05/2010 → 2020 accountsendedDirector27/05/2010 → 2019 accountsended
ERWIN-PETER MURGES	Director16/03/2016 → 15/03/2029
PHILIPPE RENARD	Director27/05/2010 → 15/03/2029
LUC RASSENEUR	Director10/03/2021 → 30/06/2027
PIERRE LEBOUTTE	Director10/03/2021 → 30/06/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HENRI BRICHART	Director14/05/2024 → 2024 accounts
JEAN-FRANCOIS LEBOUTTE	Director11/05/2023 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates21/08/2026
Démission - Nomination
PDF
Mandates28/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates08/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates08/10/2024
DEMISSIONS, NOMINATIONS
PDF
Capital / shares29/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates14/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates13/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates09/12/2021
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings14 filings

Mandates

REGIS TRICOTEAUX

PHILIPPE VANWYNSBERGHE

GILLES GERARD

FABIEN RENARD

HENDRIK VAN DER VALK

CHRISTIAN BAGUETTE

FRANCIS BERNARD

PHILIPPE RENARD

ERWIN-PETER MURGES

DOMINIQUE BILOCQ

BENOIT LANDRECY

PIERRE LEBOUTTE

Show the 18 other mandates

19901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

SOLAREC

Recogne,Rue de Saint-Hubert 75, 6800 Libramont-Chevigny

Director

Vice-chairman of the board of directors

DirectorChairman of the board of directors

Director

Chairman of the board of directorsVice-chairman of the board of directorsDirector

DirectorChairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Recogne,Rue de Saint-Hubert 75, 6800 Libramont-ChevignyCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00343095

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
SOLARECCurrent	accounts 2008 → 2025	Accounts 2025 · 2026-00343095

Events

2025
Annual accounts 20251,7 M €↓
04/09/2025
nominationGeoffrey Paulus · Directeur Général
14/05/2025
nominationRégis Tricoteaux · représentant de LAITNAA
14/05/2025
reconductionStéphan MOREAUX · commissaire (représentant ACF AUDIT BELGIUM / Extenso Audit Bastogne)
15/04/2025
nominationPhilippe VANWYNSBERGHE · représentant de LDA
2024
Annual accounts 20246,9 M €↑
2023
Annual accounts 20232,2 M €↓
11/05/2023
reconductionChristian BAGUETTE · administrateur
11/05/2023
reconductionJean-François LEBOUTTE · administrateur
11/05/2023
reconductionHendrik VAN DER VALK · administrateur
11/05/2023
nominationFrancis BERNARD · administrateur
2022
Annual accounts 20225,1 M €↑
11/05/2022
reconductionDominique BILOCQ · administrateur
11/05/2022
reconductionBenoît LANDRECY · administrateur
11/05/2022
reconductionErwin MURGES · administrateur
11/05/2022
reconductionPhilippe RENARD · administrateur
11/05/2022
reconductionPierre-Yves RENARD · administrateur
11/05/2022
nominationLouis SKA · administrateur
2021
Annual accounts 20212,2 M €↑
2020
Annual accounts 20202 M €↑
2019
Annual accounts 20191,5 M €↑
2018
Annual accounts 2018543,6 k €↑
2017
Annual accounts 2017147,2 k €↓
2016
Annual accounts 2016210,9 k €↑
2015
Annual accounts 2015176,1 k €↓
2014
Annual accounts 20141,3 M €↓
2013
Annual accounts 20132,2 M €↑
2008
Annual accounts 2008-54,5 k €
31/12/1990
IncorporationPublic limited company

SOLAREC

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