BELGIAN SOLAR
The file of BELGIAN SOLAR contains 2 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 22.6% (high). The 2022 annual accounts show negative equity (€-1.91M) and a net result of €-1.95M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 749 sector peers (fiscal year 2022).
| Equity | €-1.91M |
| Net result | €-1.95M |
| Staff (FTE) | 17.7 |
| Better than sector | 5% |
Mixed profile: strong on profitability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -92.8% | 30.3% | |
| Net result | €-1.95M | €30k | |
| Equity | €-1.91M | €134k | |
| Gross operating margin | €-585k | €198k | |
| Staff costs | €1.14M | €197k |
| Fiscal year | 2022 |
|---|---|
| Revenue | - |
| EBITDA | €-1.73M |
| Net profit | €-1.95M |
| Cash flow | €-1.87M |
| Staff costs | €1.14M |
| Income taxes | €23k |
| Dividends | - |
| Total assets | €2.06M |
| Equity | €-1.91M |
| Debt | €3.97M |
| of which ≤ 1y | €3.95M |
| of which > 1y | - |
| Working capital | €-2.18M |
| Employees (FTE) | 17.7 |
| 2022 | |
|---|---|
| Current ratio | 0.45 |
| Quick ratio | 0.27 |
| Working capital ratio | -106.1% |
| Solvency | -92.8% |
| Debt / equity | -2.08 |
| Long-term debt ratio | - |
| Interest coverage | -39.12 |
| Gross margin | - |
| Net margin | - |
| ROA | -94.8% |
| ROE | 102.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.06M |
| Fixed assets | 21/28 | €290k |
| Intangible fixed assets | 21 | €14k |
| Tangible fixed assets | 22/27 | €270k |
| Financial fixed assets | 28 | €6k |
| Current assets | 29/58 | €1.77M |
| Stocks & contracts in progress | 3 | €716k |
| Amounts receivable within one year | 40/41 | €1.03M |
| Cash & bank | 54/58 | €12k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.06M |
| Equity | 10/15 | €-1.91M |
| Contributions / capital | 10/11 | €270k |
| Reserves | 13 | €5k |
| Accumulated profits (losses) | 14 | €-2.18M |
| Amounts payable | 17/49 | €3.97M |
| Amounts payable within one year | 42/48 | €3.95M |
| Trade debts payable within one year | 44 | €2.14M |
| Income statement | ||
| Gross operating margin | 9900 | €-585k |
| Operating result | 9901 | €-1.82M |
| Financial income | 75 | €857 |
| Financial charges | 65 | €44k |
| Result before taxes | 9903 | €-1.93M |
| Income taxes | 67/77 | €23k |
| Net result for the period | 9904 | €-1.95M |
| Result to be appropriated | 9905 | €-1.95M |
| NACE primary | Specialised construction(43211) |
| Legal form | Public limited company(014) |
| Incorporation | 24-06-2010 |
| Status | Active |
| Postal code | 2200 |
| First BS signal | 12-06-2023 |
| Latest BS signal | 29-09-2023 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302C0364/00E000 | Flanders | 4,145 m² | 1 · 1,728 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
15-06-2022 Registered office moved from Geel to Herentals
- Kleinhoefstraat 5 bus 55 te 2440 Geel → Noordervaart 25 te 2200 Herentals
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Noordervaart 25 te 2200 Herentals",
"city": "Herentals",
"region": "vlaams_gewest",
"street": "Noordervaart",
"country": "BE",
"postcode": "2200",
"box_number": null,
"street_number": "25",
"locality_suffix": null
},
"old_address": {
"raw": "Kleinhoefstraat 5 bus 55 te 2440 Geel",
"city": "Geel",
"region": "vlaams_gewest",
"street": "Kleinhoefstraat",
"country": "BE",
"postcode": "2440",
"box_number": "55",
"street_number": "5",
"locality_suffix": null
},
"effective_date": "2022-06-07",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Geel",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-06-15",
"filing_date": "2022-06-07",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2022-06-01",
"unanimous": true
},
"subject_company": {
"kbo": "0826.915.991",
"name_full": "BELGIAN SOLAR",
"legal_form": "NV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Wim Dirickx",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | BELGIAN SOLAR |