CERTIPOWER
The computed 12-month bankruptcy probability of CERTIPOWER is 0.7% (low). The 2024 annual accounts show equity of €234k and a net result of €60k. Equity is growing by ~86.5% per year across the filed fiscal years. Its solvency ranks better than 39% of 62 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €234k |
| Net result | €60k |
| Staff (FTE) | 9.5 |
| Better than sector | 39% |
Strong profile, led by profitability.
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 | 10.6% | 19.5% | |
| Net result | €60k | €-3k | |
| Equity | €234k | €172k | |
| Gross operating margin | €841k | €39k | |
| Total assets | €2.21M | €1.11M |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €215k |
| Net profit | €60k |
| Cash flow | €72k |
| Staff costs | €624k |
| Income taxes | €22k |
| Dividends | - |
| Total assets | €2.21M |
| Equity | €234k |
| Debt | €1.97M |
| of which ≤ 1y | €1.97M |
| of which > 1y | - |
| Working capital | €178k |
| Employees (FTE) | 9.5 |
| 2024 | |
|---|---|
| Current ratio | 1.09 |
| Quick ratio | 0.76 |
| Working capital ratio | 8.1% |
| Solvency | 10.6% |
| Debt / equity | 8.43 |
| Long-term debt ratio | - |
| Interest coverage | 2.11 |
| Gross margin | - |
| Net margin | - |
| ROA | 2.7% |
| ROE | 25.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.21M |
| Fixed assets | 21/28 | €56k |
| Intangible fixed assets | 21 | €36k |
| Tangible fixed assets | 22/27 | €21k |
| Financial fixed assets | 28 | €0 |
| Current assets | 29/58 | €2.15M |
| Stocks & contracts in progress | 3 | €654k |
| Amounts receivable within one year | 40/41 | €895k |
| Cash & bank | 54/58 | €347k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.21M |
| Equity | 10/15 | €234k |
| Contributions / capital | 10/11 | €168k |
| Reserves | 13 | €66k |
| Amounts payable | 17/49 | €1.97M |
| Amounts payable within one year | 42/48 | €1.97M |
| Trade debts payable within one year | 44 | €1.13M |
| Income statement | ||
| Gross operating margin | 9900 | €841k |
| Operating result | 9901 | €203k |
| Financial income | 75 | €1k |
| Financial charges | 65 | €102k |
| Result before taxes | 9903 | €82k |
| Income taxes | 67/77 | €22k |
| Net result for the period | 9904 | €60k |
| Result to be appropriated | 9905 | €60k |
-
SOLAR TECHNICSLegal entityDirector· perm. rep.: Edelhart OlivierState Gazette act 23017606 (06-02-2023)Current24-01-2023 → present
-
VANDAELE MATHIASLegal entityDirector· perm. rep.: Mathias VandaeleState Gazette act 23017606 (06-02-2023)Current24-01-2023 → present
-
FLOJULLegal entityManaging director· perm. rep.: Geert DegrooteState Gazette act 23017606 (06-02-2023)Current14-06-2021 → present
2 events
- 24-01-2023 Appointed· Managing director
- 14-06-2021 Appointed· Director
Former directors (3)
-
BV Vandaele MathiasLegal entityDirector· perm. rep.: Mathais VandaeleState Gazette act 25130785 (15-10-2025)Former- → 12-09-2025
-
NV Solar TechnicsLegal entityDirector· perm. rep.: Edelhart OlivierState Gazette act 25130785 (15-10-2025)Former- → 12-09-2025
-
Former- → 24-01-2023
| NACE primary | 35150 |
| Legal form | Private limited company(610) |
| Incorporation | 24-09-2020 |
| Status | Active |
| Postal code | 8830 |
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. |
|---|---|---|---|---|
| 36005B0621/00D000 | Flanders | 5,963 m² | 1 · 233 m² | 0.3 m |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
15-10-2025 2 resigning
- Edelhart Olivier, Bestuurder
- Mathais Vandaele, Bestuurder
Technical details
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}20-05-2025 Registered office moved from Roeselare to Hooglede
- Onledebeekstraat 15, 8800 Roeselare → Olieslagerijstraat 4A, 8830 Hooglede
Technical details
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},
"effective_date": "2025-05-01",
"evidence_quote": "De bestuurders beslissen unaniem dat de maatschappelijke zetel van de vennootschap vanaf heden wordt verplaatst naar Olieslagerijstraat 4A bus 31, 8830 Hooglede."
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}28-02-2023 Change in the board of directors
Technical details
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}06-02-2023 3 directors appointed, 1 resigning
- Edelhart Olivier, Bestuurder
- Mathias Vandaele, Bestuurder
- Geert Degroote, Gedelegeerd bestuurder
- Emmanuël Bekaert, Bestuurder
Technical details
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"name": "BV Beli Tech",
"address": null,
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"effective_date": "2023-01-24",
"evidence_quote": "de kennisname van het ontslag als bestuurder met onmiddellijke ingang van BV Beli Tech (0873.160.049), vast vertegenwoordigd door de heer Emmanu\u00EBl Bekaert;"
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"effective_date": "2023-01-24",
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"name": "BV Vandaele Mathias",
"address": null,
"country": null,
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},
"effective_date": "2023-01-24",
"evidence_quote": "de benoeming als bestuurder met onmiddellijke ingang van BV Vandaele Mathias (0841.547.749), vast vertegenwoordigd door de heer Mathias Vandaele."
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"person": {
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"kbo": "0765942880",
"name": "BV Flojul",
"address": null,
"country": null,
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"effective_date": "2023-01-24",
"evidence_quote": "de benoeming als gedelegeerd bestuurder met onmiddellijke ingang van BV Flojul (0765.942.880), vast vertegenwoordigd door Geert Degroote."
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}22-06-2021 Degroote Geert appointed as director
- Degroote Geert, Bestuurder
Technical details
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"name": "Flojul BV",
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},
"effective_date": "2021-06-14",
"evidence_quote": "De vergadering beslist om de volgende bestuurder te benoemen dewelke het mandaat aanvaardt: Flojul BV, ON 0765.942.880, Strooistraat 10, 1860 Meise, vertegenwoordigd door haar vaste vertegenwoordiger Dhr. Degroote Geert NN 78.09.04.187.36"
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}28-09-2020 Incorporation of a new BV
Technical details
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"founders": [
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"kbo": "0873.160.049",
"name": "De Besloten Vennootschap \u201CBELI TECH\u201D"
},
"kind": "rechtspersoon",
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"share_class": "Aandelen",
"partner_role": null,
"holder_org_kbo": "0873.160.049",
"holder_org_name": "De Besloten Vennootschap \u201CBELI TECH\u201D",
"contribution_type": "cash",
"amount_paid_in_eur": 18000,
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"n_shares_subscribed": 300,
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"initial_directors": [],
"incorporation_date": "2020-09-22",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | CERTIPOWER |