CORSWAREM SOLAR SOLUTIONS
ActiveSummary
CORSWAREM SOLAR SOLUTIONS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €200k. Equity is growing by ~50.3% per year across the filed fiscal years. Its solvency ranks better than 29% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+4
Solvency48▼-47
Growth78=
Track record94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 3.22 in 2024; short-term debt: 76.7% and cash: 38% of total assets), and 76.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.3%
Return on assets
22.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
63 d early
2024
21 d early
2023
20 d early
2022
35 d early
2021
39 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€210k▼ 71.7%
2024 · €741k
2021: €179k
2022: €361k
2023: €542k
2024: €741k
2021 → 2025
Total assets
€901k▼ 15.4%
2024 · €1.06M
2021: €353k
2022: €586k
2023: €821k
2024: €1.06M
2021 → 2025
Net result
€200k▲ 0.5%
2024 · €199k
2021: €169k
2022: €182k
2023: €181k
2024: €199k
2021 → 2025
Working capital
€79k▼ 88.9%
2024 · €709k
2021: €152k
2022: €317k
2023: €519k
2024: €709k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€179k-€361k▲ 101%€542k▲ 50.3%€741k▲ 36.6%€210k▼ 71.7%
Operating result€211k-€238k▲ 12.5%€240k▲ 0.8%€245k▲ 2.2%€258k▲ 5.2%
Net result€169k-€182k▲ 7.3%€181k=€199k▲ 9.4%€200k▲ 0.5%
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 has risen four years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €901k
Fixed assets
€131k ▲ 267%
Current assets
€770k ▼ 25.1%
Equity and liabilities €901k
Equity
€210k ▼ 71.7%
Debt
€691k ▲ 114%
Debt's share of the balance-sheet total rises from 30.4% to 76.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€285k▲
2024 · €265k
Cash flow
€227k▲
2024 · €219k
Current ratio
1.11▼
2024 · 3.22
Quick ratio
1.06▼
2024 · 2.60
Debt to equity
3.30▲
2024 · 0.44
ROE
95.2%▲
2024 · 26.8%
ROA
22.2%▲
2024 · 18.7%
Interest coverage
401.08▲
2024 · 185.54
Debt ≤ 1 year
€691k▲
2024 · €320k
Income taxes
€67k▲
2024 · €66k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.06M€901k▼
Fixed assets21/28€36k€131k▲
Tangible fixed assets22/27€36k€131k▲
Plant, machinery and equipment23€7k€850▼
Furniture and vehicles24€29k€130k▲
Current assets29/58€1.03M€770k▼
Stocks and contracts in progress3€196k€39k▼
Stocks30/36€196k€39k▼
Amounts receivable within one year40/41€30k€137k▲
Trade receivables40€27k€115k▲
Other amounts receivable41€3k€22k▲
Current investments50/53€576k€250k▼
Cash at bank and in hand54/58€224k€342k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.06M€901k▼
Equity10/15€741k€210k▼
Contributions10/11€10k€10k=
Reserves13€731k-
Distributable reserves133€731k-
Profit (loss) carried forward14-€200k
Amounts payable17/49€323k€691k▲
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€320k€691k▲
Current portion of amounts payable after more than one year42€14k€4k▼
Trade debts44€195k€22k▼
Suppliers440/4€195k€22k▼
Taxes, remuneration and social security45€69k€7k▼
Taxes450/3€69k€7k▼
Other amounts payable47/48€42k€659k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€27k▲
Other operating charges640/8€906€787▼
Non-recurring operating charges66A-€662
Gross operating margin9900€266k€286k▲
Operating profit (loss)9901€245k€258k▲
Financial income75/76B€21k€10k▼
Recurring financial income75€21k€10k▼
Financial charges65/66B€1k€711▼
Recurring financial charges65€1k€711▼
Profit (loss) for the period before taxes9903€265k€267k▲
Income taxes67/77€66k€67k▲
Profit (loss) for the period9904€199k€200k▲
Profit (loss) for the period to be appropriated9905€199k€200k▲
Appropriation of the result
Profit (loss) to be appropriated9906€199k€200k▲
Transfer from equity791/2-€731k
Transfer to equity691/2€199k-
To other reserves6921€199k-
Profit to be distributed694/7-€731k
Return on contributions (dividend)694-€731k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2021net €200k ▲0.5%
Operating result €258k, net result €200k, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €542k ▲50.3%
3 profitable years in a row build equity to €542k.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €361k ▲101%
2 profitable years in a row build equity to €361k.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tongeren-Borgloon · 1 establishment unit since 2020
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.
Hasseltsesteenweg 5093700 Tongeren-BorgloonGround area
2,157 m²
Building footprint
295 m²
Volume, LiDAR
29 m³
Parcel 73058B0048/00K002, Flanders · tallest building 2.1 m. Linked by address, not a title deed.
1 establishment unit
Corswarem Solar Solutions
since 20202.308.566.940
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73058B0048/00K002 | Flanders | 2,157 m² | 1 · 295 m² | 2.1 m |
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
2025 · 1 entry · 1,841 EUR awarded · 1,725 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,841 EUR | 1,725 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Micone Benelux
BE 0450.796.513
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BLANCHE
BE 0643.621.328
Roeselare · Eq €208k
SOLLIE
BE 0886.375.607
Temse · Eq €212k
RENO PAINTS
BE 0422.299.495
Ciney · Eq €215k
C.L.D.B.
BE 0448.176.523
Liège · Eq €204k
Of 471 companies in sector 46442 we hold annual accounts for 334. 246 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
Founded20-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46442Wholesale trade
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
46419Wholesale trade
46431Wholesale of electrical household appliances and audio-video equipment
47783Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.