ACTIVE

SOLAREC

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Financial year 2025 · closed on 31/12/2025

Net result

1,7 M €

-74.7% YoY

Revenue

943,3 M €

+2.9% YoY

Equity

89 M €

+1.6% YoY

Workforce

401,2 ETP

+3.9% YoY

What does SOLAREC do?

SOLAREC is a Public limited company incorporated in 1990. 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

Joint committees (2)

Contacts

3 public details availableLog in to view

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2008
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 €	+14.8%	564,4 M €	+4.2%	541,4 M €	+6.4%	508,9 M €	+0.8%	504,9 M €	+34.3%	376 M €	+5.4%	356,8 M €	-13.6%	412,8 M €	+21.4%	340 M €	+41.6%	240,2 M €
EBITDA	29 M €	-15.6%	34,4 M €	+18.3%	29 M €	+4.7%	27,7 M €	+50.7%	18,4 M €	+45.5%	12,7 M €	-4.7%	13,3 M €	+24.7%	10,6 M €	+11.7%	9,5 M €	+3.4%	9,2 M €	+10.8%	8,3 M €	+4.8%	7,9 M €	-2.2%	8,1 M €	+119%	3,7 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 €	+139%	2,4 M €	-34.6%	3,7 M €	+105%	1,8 M €	-10.4%	2 M €	+6.6%	1,9 M €	+20.6%	1,6 M €	-41.3%	2,7 M €	-28.7%	3,8 M €	+103%	1,8 M €
Net result	1,7 M €	-74.7%	6,9 M €	+208%	2,2 M €	-56.4%	5,1 M €	+134%	2,2 M €	+9.4%	2 M €	+32.7%	1,5 M €	+177%	543,6 k €	+269%	147,2 k €	-30.2%	210,9 k €	+19.8%	176,1 k €	-86.2%	1,3 M €	-41.4%	2,2 M €	+4105%	-54,5 k €
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 €	+46.5%	40 M €	+6.3%	37,7 M €	+3.5%	36,4 M €	+19.3%	30,5 M €	+22.3%	24,9 M €	+0.3%	24,9 M €	+0.1%	24,8 M €	+41.5%	17,5 M €	+178%	6,3 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 €	+41.3%	224,7 M €	+9.5%	205,1 M €	+10.3%	186 M €	+3.8%	179,2 M €	+18.2%	151,6 M €	+11.6%	135,8 M €	-1.0%	137,2 M €	+22.5%	111,9 M €	+68.9%	66,3 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 €	+60.8%	5,2 M €	+41.5%	3,7 M €	-29.8%	5,2 M €	-20.9%	6,6 M €	+853%	694,1 k €	-60.5%	1,8 M €	+87.6%	937 k €	+283%	244,8 k €	+162%	93,4 k €
Debts	251,3 M €	-1.9%	256,3 M €	-1.1%	259,1 M €	-16.5%	310,2 M €	+19.9%	258,7 M €	+40.3%	184,4 M €	+11.0%	166,1 M €	+12.1%	148,2 M €	+0.6%	147,2 M €	+17.7%	125,1 M €	+14.0%	109,7 M €	-0.9%	110,8 M €	+20.0%	92,3 M €	+59.7%	57,8 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	+8.5%	239,9 ETP	+9.0%	220,0 ETP	+7.4%	204,8 ETP	+6.9%	191,5 ETP	+6.8%	179,3 ETP	+6.2%	168,9 ETP	+8.5%	155,7 ETP	+12.4%	138,5 ETP	+23.6%	112,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 13 active · 78 ended

Active mandates

REGIS TRICOTEAUX

Director · since 14 mai 2025 · until 12 mai 2026

Active

PHILIPPE VANWYNSBERGHE

Director · since 15 avril 2025 · until 30 juin 2029

Active

FABIEN RENARD

Director · since 14 mai 2024 · until 30 juin 2030

Active

GILLES GERARD

Director · since 14 mai 2024 · until 30 juin 2030

Active

CHRISTIAN BAGUETTE

Director · since 11 mai 2023 · until 30 juin 2029

Active

FRANCIS BERNARD

Director · since 11 mai 2023 · until 30 juin 2029

Active

HENDRIK VAN DER VALK

Vice-chairman of the board of directors · since 11 mai 2023 · until 30 juin 2029

Active

BENOIT LANDRECY

Director · since 11 mai 2022 · until 30 juin 2028

Active

DOMINIQUE BILOCQ

Chairman of the board of directors · since 11 mai 2022 · until 30 juin 2028

Active

ERWIN-PETER MURGES

Director · since 11 mai 2022 · until 30 juin 2028

Active

PHILIPPE RENARD

Director · since 11 mai 2022 · until 30 juin 2028

Active

LUC RASSENEUR

Director · since 10 mars 2021 · until 30 juin 2027

Active

PIERRE LEBOUTTE

Director · since 10 mars 2021 · until 30 juin 2027

Active

Ended mandates

PHILIPPE VANWYNSBERGHE

Director · since 14 mai 2025 · until 30 juin 2029

Ended

REGIS TRICOTEAUX

Director · since 14 mai 2025 · until 30 juin 2030

Ended

HENRI BRICHART

Director · since 14 mai 2024 · until 14 mai 2025

Ended

HENRI BRICHART

Director · since 14 mai 2024 · until 30 juin 2030

Ended

At this address

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LOGISTIQUE RECOGNE● Active	0870.982.004

Annual accounts

Full financial information

	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

Ratios

Financial ratios

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Filings

Annual accounts filings

23 filings with the NBB

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

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 13 active · 78 ended

Active mandates

REGIS TRICOTEAUX

Director · since 14 mai 2025 · until 12 mai 2026

Active

PHILIPPE VANWYNSBERGHE

Director · since 15 avril 2025 · until 30 juin 2029

Active

FABIEN RENARD

Director · since 14 mai 2024 · until 30 juin 2030

Active

GILLES GERARD

Director · since 14 mai 2024 · until 30 juin 2030

Active

CHRISTIAN BAGUETTE

Director · since 11 mai 2023 · until 30 juin 2029

Active

FRANCIS BERNARD

Director · since 11 mai 2023 · until 30 juin 2029

Active

HENDRIK VAN DER VALK

Vice-chairman of the board of directors · since 11 mai 2023 · until 30 juin 2029

Active

BENOIT LANDRECY

Director · since 11 mai 2022 · until 30 juin 2028

Active

DOMINIQUE BILOCQ

Chairman of the board of directors · since 11 mai 2022 · until 30 juin 2028

Active

ERWIN-PETER MURGES

Director · since 11 mai 2022 · until 30 juin 2028

Active

PHILIPPE RENARD

Director · since 11 mai 2022 · until 30 juin 2028

Active

LUC RASSENEUR

Director · since 10 mars 2021 · until 30 juin 2027

Active

PIERRE LEBOUTTE

Director · since 10 mars 2021 · until 30 juin 2027

Active

Ended mandates

PHILIPPE VANWYNSBERGHE

Director · since 14 mai 2025 · until 30 juin 2029

Ended

REGIS TRICOTEAUX

Director · since 14 mai 2025 · until 30 juin 2030

Ended

HENRI BRICHART

Director · since 14 mai 2024 · until 14 mai 2025

Ended

HENRI BRICHART

Director · since 14 mai 2024 · until 30 juin 2030

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

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

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

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

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SOLAREC

Overview

What does SOLAREC do?

Trend over 14 financial years

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