ACTIVE

SOLMAT

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Financial year 2025 · closed on 31/12/2025
Net result
268,5 k €
+4.9% YoY
Gross margin
685,6 k €
-2.7% YoY
Equity
1,4 M €
+24.1% YoY
Workforce
4,9 ETP
-2.0% YoY

What does SOLMAT do?

SOLMAT is a Private limited company incorporated in 2008. Its main activity is: Joinery installation. Its registered office is in Balen. It employs on average 4,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0896.753.518
Incorporation
20/03/2008
Legal form
Private limited company
Registered office
Vaartstraat 38 box 1
2490 Balen · FlandreSee on map
Contributed capital
16 200,00 €
Latest accounts
31/12/2025
Average workforce
4,9 ETP
Activities (NACE)
43320Joinery installation· main43320Joinery installation43331Floor and wall covering43331Floor and wall covering43331Floor and wall covering43331Floor and wall covering
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin685,6 k €704,7 k €648 k €539,3 k €529,9 k €515,4 k €346,8 k €244,3 k €290,4 k €257,7 k €172,3 k €116,2 k €102,8 k €103,1 k €87,4 k €78,8 k €27,5 k €8 k €
EBITDA390,7 k €425,6 k €348,9 k €292,7 k €302,1 k €327,5 k €162,4 k €70,3 k €112,4 k €128,1 k €78,1 k €50 k €47,1 k €62,8 k €46 k €49,4 k €27,1 k €7,6 k €
Operating result323,6 k €364,7 k €292,2 k €202,4 k €249,7 k €305,4 k €141,7 k €84,7 k €107,3 k €119,8 k €66,1 k €39,2 k €28 k €40,8 k €33,2 k €37,4 k €21 k €6,2 k €
Net result268,5 k €256 k €173,6 k €135,3 k €211,4 k €243,7 k €118,7 k €63,4 k €79,3 k €48 k €35,4 k €25,8 k €17,7 k €17,1 k €15,1 k €21,4 k €15,7 k €4,5 k €
Balance sheet
Equity1,4 M €1,1 M €1 M €954,2 k €820,4 k €612,2 k €371,7 k €354,5 k €294,2 k €216,9 k €168,8 k €133,4 k €107,6 k €89,9 k €72,8 k €57,7 k €36,3 k €17,7 k €
Total assets2 M €1,8 M €1,6 M €1,6 M €1,4 M €1,3 M €1 M €812,7 k €757,9 k €561,5 k €524,5 k €441,5 k €306,4 k €269,6 k €380,1 k €170,2 k €104,5 k €22,8 k €
Cash1,1 M €981,8 k €788,7 k €773,6 k €662,8 k €651,5 k €728,4 k €569,7 k €498,5 k €332 k €255,5 k €157 k €115,2 k €96,7 k €162,3 k €61,2 k €34,8 k €8,5 k €
Debts565,5 k €680,9 k €635,2 k €616,8 k €596,1 k €666,6 k €661,7 k €458,2 k €443,7 k €344,7 k €355,7 k €308,1 k €198,7 k €179,7 k €273,7 k €112,5 k €68,1 k €5,1 k €
Other
Workforce4,9 ETP5,0 ETP4,9 ETP4,0 ETP2,9 ETP3,1 ETP3,2 ETP3,5 ETP5,1 ETP4,0 ETP3,0 ETP2,2 ETP2,3 ETP2,1 ETP1,0 ETP0,9 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Bonmark Management

Director · since 21 avril 2026 · 1022.891.823

Active
V2M CONSTRUCT

Director · since 21 avril 2026 · 0892.973.981

Active

Ended mandates

Bart Van Balen

Director · since 01 janvier 2015

Ended
Bart Van Balen

Manager · since 01 janvier 2015

Ended
Evgenii Chirkov

Manager · since 20 mars 2009

Ended
Erik Jamees

Manager · since 01 juin 2008

Ended
At this address

Other companies at this address

CompanyCBE no.
2BKD Group● Active
0457.291.058
Vereniging van mede-eigenaars van Residentie DE VAART te Balen● Active
0769.716.675
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date24/07/202627/08/202530/08/202431/08/202330/07/202231/08/2021
General meeting30/06/202630/06/202530/06/202430/06/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202624/07/2026DutchPDF
Abridged model31/12/202430/06/202527/08/2025DutchPDF
Abridged model31/12/202330/06/202430/08/2024DutchPDF
Abridged model31/12/202230/06/202331/08/2023DutchPDF
Abridged model31/12/202130/06/202230/07/2022DutchPDF
Abridged model31/12/202030/06/202131/08/2021DutchPDF
Abridged model31/12/201930/06/202031/08/2020DutchPDF
Abridged model31/12/201830/06/201930/07/2019DutchPDF
Abridged model31/12/201730/06/201826/07/2018DutchPDF
Abridged model31/12/201630/06/201731/07/2017DutchPDF
Abridged model31/12/201515/06/201610/08/2016DutchPDF
Abridged model31/12/201430/06/201531/08/2015DutchPDF
Abridged model31/12/201330/06/201429/08/2014DutchPDF
Abridged model31/12/201230/06/201328/08/2013DutchPDF
Abridged model31/12/201130/06/201221/08/2012DutchPDF
Abridged model31/12/201030/06/201131/08/2011DutchPDF
Abridged model31/12/200915/06/201016/06/2010DutchPDF
Abridged model31/12/200815/06/200928/08/2009DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Bonmark Management

Director · since 21 avril 2026 · 1022.891.823

Active
V2M CONSTRUCT

Director · since 21 avril 2026 · 0892.973.981

Active

Ended mandates

Bart Van Balen

Director · since 01 janvier 2015

Ended
Bart Van Balen

Manager · since 01 janvier 2015

Ended
Evgenii Chirkov

Manager · since 20 mars 2009

Ended
Erik Jamees

Manager · since 01 juin 2008

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/04/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/01/2024
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office12/11/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates26/04/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/08/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office22/03/2012
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other08/04/2008
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025268,5 k €↑
  2. 2024
    Annual accounts 2024256 k €↑
  3. 2023
    Annual accounts 2023173,6 k €↑
  4. 2022
    Annual accounts 2022135,3 k €↓
  5. 2021
    Annual accounts 2021211,4 k €↓
  6. 2020
    Annual accounts 2020243,7 k €↑
  7. 2019
    Annual accounts 2019118,7 k €↑
  8. 2018
    Annual accounts 201863,4 k €↓
  9. 2017
    Annual accounts 201779,3 k €↑
  10. 2016
    Annual accounts 201648 k €↑
  11. 2015
    Annual accounts 201535,4 k €↑
  12. 2014
    Annual accounts 201425,8 k €↑
  13. 2013
    Annual accounts 201317,7 k €↑
  14. 2012
    Annual accounts 201217,1 k €↑
  15. 2011
    Annual accounts 201115,1 k €↓
  16. 2010
    Annual accounts 201021,4 k €↑
  17. 2009
    Annual accounts 200915,7 k €↑
  18. 2008
    Annual accounts 20084,5 k €
  19. 20/03/2008
    IncorporationPrivate limited company