SOLMAR
ActiveSummary
SOLMAR has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €72k and a net result of €10k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 74% of 6162 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+4
Solvency82▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.26 against 0.22 in 2023; short-term debt: 43% and cash: 2% of total assets), and 43% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
57%
Return on assets
7.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
7 d early
2022
4 d early
2021
2 d early
2020
3 d early
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€72k▲ 15.3%
2023 · €62k
2018: €42k
2019: €52k
2020: €55k
2021: €56k
2022: €57k
2023: €62k
2018 → 2024
Total assets
€126k▼ 2.3%
2023 · €129k
2018: €164k
2019: €154k
2020: €150k
2021: €141k
2022: €139k
2023: €129k
2018 → 2024
Net result
€10k▲ 71.9%
2023 · €6k
2018: €4k
2019: €12k
2020: €4k
2021: €3k
2022: €800
2023: €6k
2018 → 2024
Working capital
€-40k▲ 16.6%
2023 · €-48k
2018: €-20k
2019: €-21k
2020: €-28k
2021: €-36k
2022: €-46k
2023: €-48k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€55k-€56k▲ 2.2%€57k▲ 1.4%€62k▲ 9.8%€72k▲ 15.3%
Operating result€7k-€5k▼ 27.6%€3k▼ 40.9%€10k▲ 216%€15k▲ 50.7%
Net result€4k-€3k▼ 29.4%€800▼ 71.7%€6k▲ 595%€10k▲ 71.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 51% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €126k
Fixed assets
€112k ▼ 3.0%
Current assets
€14k ▲ 3.4%
Equity and liabilities €126k
Equity
€72k ▲ 15.3%
Debt
€54k ▼ 18.8%
Debt's share of the balance-sheet total falls from 51.8% to 43.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▲
2023 · €17k
Cash flow
€16k▲
2023 · €13k
Current ratio
0.26▲
2023 · 0.22
Quick ratio
0.09▲
2023 · 0.09
Debt to equity
0.76▼
2023 · 1.07
ROE
13.3%▲
2023 · 8.9%
ROA
7.6%▲
2023 · 4.3%
Interest coverage
32.10▲
2023 · 14.23
Debt ≤ 1 year
€54k▼
2023 · €62k
Debt > 1 year
€0▼
2023 · €5k
Income taxes
€5k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€129k€126k▼
Fixed assets21/28€116k€112k▼
Tangible fixed assets22/27€115k€112k▼
Land and buildings22€115k€112k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€517€108▼
Financial fixed assets28€124€124=
Current assets29/58€14k€14k▲
Stocks and contracts in progress3€8k€9k▲
Stocks30/36€8k€9k▲
Amounts receivable within one year40/41€254€2k▲
Trade receivables40€210€1k▲
Other amounts receivable41€44€443▲
Cash at bank and in hand54/58€4k€3k▼
Deferred charges and accrued income490/1€899€1k▲
Equity and liabilities
Total equity and liabilities10/49€129k€126k▼
Equity10/15€62k€72k▲
Contributions10/11€19k€19k=
Reserves13€44k€53k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€44k€53k▲
Amounts payable17/49€67k€54k▼
Amounts payable after more than one year17€5k€0▼
Financial debts170/4€5k€0▼
Amounts payable within one year42/48€62k€54k▼
Current portion of amounts payable after more than one year42€15k€5k▼
Trade debts44€657€1k▲
Suppliers440/4€657€1k▲
Taxes, remuneration and social security45€7k€10k▲
Taxes450/3€7k€10k▲
Other amounts payable47/48€39k€38k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€20k€24k▲
Operating profit (loss)9901€10k€15k▲
Financial income75/76B€249€0▼
Recurring financial income75€249€0▼
Financial charges65/66B€1k€673▼
Recurring financial charges65€1k€673▼
Profit (loss) for the period before taxes9903€9k€14k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€6k€10k▲
Profit (loss) for the period to be appropriated9905€6k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€10k▲
Transfer to equity691/2€6k€10k▲
To other reserves6921€6k€10k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €800 ▼71.7%
Net result drops to €800, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €12k ▲198%
Operating result €20k, net result €12k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 1994
Ground area
108 m²
Building footprint
108 m²
Volume, LiDAR
899 m³
Parcel 41002A0467/00_000, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
IKAROS
since 19942.066.970.030
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002A0467/00_000 | Flanders | 108 m² | 1 · 108 m² | 12.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Myriam Ayari
BE 0847.916.491
Beveren-Kruibeke-Zwijndrecht · Eq €71,449
LA BEAUTE D'ANA
BE 0738.386.962
Koksijde · Eq €71,437
OPALINE
BE 0446.029.358
Wavre · Eq €72,549
WIDERNE PROJECT
BE 0675.399.221
Sint-Gillis (bij-Brussel) · Eq €73,055
Posément couleurs
BE 0659.832.897
Huy · Eq €73,454
Of 24,855 companies in sector 96220 we hold annual accounts for 1,439. 1,076 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-04-1994
Fiscal year end31-12
Activities, NACEBEL 2025
96220Beauty care and other beauty treatments
47750Retail sale of cosmetics and toilet articles
96230Day spas, saunas and steam baths
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.