BELGIAN SOLAR
BankruptcyThe KBO register records for BELGIAN SOLAR the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2022 annual accounts show negative equity (€-1.91M) and a net result of €-1.95M.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-07-2023, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
3 d early
2021
31 d late
2020
17 d early
2019
52 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, abbreviated schema
Equity
€-1.91M
2021 · €43k
2018: €17k
2019: €27k
2020: €116k
2021: €43k
2018 → 2022
Total assets
€2.06M▲ 36.9%
2021 · €1.50M
2018: €219k
2019: €464k
2020: €645k
2021: €1.50M
2018 → 2022
Net result
€-1.95M▼ 2,556%
2021 · €-73k
2018: €9k
2019: €11k
2020: €88k
2021: €-73k
2018 → 2022
Working capital
€-2.18M▼ 1,078%
2021 · €-185k
2018: €-12k
2019: €-61k
2020: €-158k
2021: €-185k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€17k-€27k▲ 62.2%€116k▲ 322%€43k▼ 63.3%€-1.91M
Operating result€12k-€19k▲ 65.9%€107k▲ 455%€-55k€-1.82M▼ 3,178%
Net result€9k-€11k▲ 14.0%€88k▲ 741%€-73k€-1.95M▼ 2,556%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.82M in 2022 against €55k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2.06M
Fixed assets
€290k▲ 24.0%
Current assets
€1.77M▲ 39.2%
Key figures and ratios
EBITDA
€-1.73M▼
2021 · €17k
Cash flow
€-1.87M▼
2021 · €-612
Solvency
-92.8%▼
2021 · 2.8%
Current ratio
0.45▼
2021 · 0.87
Quick ratio
0.27▼
2021 · 0.65
Debt / equity
-2.08▼
2021 · 34.36
ROA
-94.8%▼
2021 · -4.9%
Interest coverage
-39.12▼
2021 · 1.01
Debt
€3.97M▲
2021 · €1.46M
Debt ≤ 1 year
€3.95M▲
2021 · €1.45M
Income taxes
€23k▲
2021 · €1k
Staff costs
€1.14M▼
2021 · €1.23M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€1.50M€2.06M▲
Fixed assets21/28€234k€290k▲
Intangible fixed assets21€3k€14k▲
Tangible fixed assets22/27€222k€270k▲
Plant, machinery and equipment23€63k€47k▼
Furniture and vehicles24€157k€134k▼
Leasing and similar rights25-€19k
Other tangible fixed assets26€2k€70k▲
Financial fixed assets28€9k€6k▼
Current assets29/58€1.27M€1.77M▲
Amounts receivable after more than one year29€51k€0▼
Other amounts receivable291€51k€0▼
Stocks and contracts in progress3€326k€716k▲
Stocks30/36€326k€716k▲
Amounts receivable within one year40/41€857k€1.03M▲
Trade receivables40€763k€900k▲
Other amounts receivable41€93k€134k▲
Cash at bank and in hand54/58€6k€12k▲
Deferred charges and accrued income490/1€30k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.50M€2.06M▲
Equity10/15€43k€-1.91M▼
Contributions10/11€270k€270k=
Outside capital11€270k€270k=
Other1109/19€270k€270k=
Reserves13€5k€5k=
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Profit (loss) carried forward14€-232k€-2.18M▼
Amounts payable17/49€1.46M€3.97M▲
Amounts payable within one year42/48€1.45M€3.95M▲
Financial debts43€225k€75k▼
Credit institutions430/8€225k€75k▼
Trade debts44€1.06M€2.14M▲
Suppliers440/4€1.06M€2.14M▲
Advances received on contracts in progress46€0€1.51M▲
Taxes, remuneration and social security45€127k€220k▲
Taxes450/3€35k€38k▲
Remuneration and social security454/9€92k€182k▲
Other amounts payable47/48€42k€4k▼
Accrued charges and deferred income492/3€6k€15k▲
Income statement
Code20212022
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€1.23M€1.14M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€82k▲
Other operating charges640/8€5k€8k▲
Gross operating margin9900€1.25M€-585k▼
Operating profit (loss)9901€-55k€-1.82M▼
Financial income75/76B€233€857▲
Recurring financial income75€233€857▲
Financial charges65/66B€17k€113k▲
Recurring financial charges65€17k€44k▲
Non-recurring financial charges66B€0€69k▲
Profit (loss) for the period before taxes9903€-72k€-1.93M▼
Income taxes67/77€1k€23k▲
Profit (loss) for the period9904€-73k€-1.95M▼
Profit (loss) for the period to be appropriated9905€-73k€-1.95M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-232k€-2.18M▼
Profit (loss) brought forward from the previous period14P€-158k€-232k▼
Social balance
Average headcount (FTE)908719.617.7▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
29-09
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Antwerpen · 20230009 · event 26-09-2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
12-06
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collectif · event 06-06-2023
2022
31-12
Financial
Weakest financial yearnet €-1.95M
Net result drops to €-1.95M, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €88k ▲741%
Operating result €107k, net result €88k, both a record.
31-12
Financial
Equity above €100kEq €116k ▲322%
3 profitable years in a row build equity to €116k.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
08-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are 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, Herentals · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Noordervaart(HRT) 252200 HerentalsGround area
4,145 m²
Building footprint
1,728 m²
Parcel 13302C0364/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
Belgian Solar
since 20102.189.207.450
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302C0364/00E000 | Flanders | 4,145 m² | 1 · 1,728 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 7,463 EUR awarded · 7,463 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 7,463 EUR | 7,463 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,399 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-06-2010
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.