DIAMOND SOLAR SOLUTIONS
InactiveDIAMOND SOLAR SOLUTIONS was declared bankrupt on 17-04-2023 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 28-10-2024, published in the Belgian State Gazette on 13-11-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline22-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 27-02-2023, 211 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
211 d late
2020
393 d late
2019
43 d early
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€47k▲ 4.4%
2020 · €45k
2018: €60k
2019: €67k
2020: €45k
2018 → 2021
Total assets
€135k▼ 20.6%
2020 · €171k
2018: €137k
2019: €148k
2020: €171k
2018 → 2021
Net result
€2k
2020 · €-22k
2018: €41k
2019: €7k
2020: €-22k
2018 → 2021
Working capital
€65k▲ 3.7%
2020 · €62k
2018: €52k
2019: €57k
2020: €62k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€60k-€67k▲ 11.9%€45k▼ 33.5%€47k▲ 4.4%
Operating result€63k-€12k▼ 80.9%€-22k€3k
Net result€41k-€7k▼ 82.7%€-22k€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €3k after a loss of €22k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €135k
Fixed assets
€5k▼ 42.3%
Current assets
€131k▼ 19.5%
Equity and liabilities €135k
Equity
€47k▲ 4.4%
Debt
€89k▼ 29.5%
The debt ratio falls from 73.8% to 65.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7k▲
2020 · €-16k
Cash flow
€6k▲
2020 · €-16k
Solvency
34.4%▲
2020 · 26.2%
Current ratio
1.98▲
2020 · 1.62
Quick ratio
1.37▲
2020 · 1.19
Debt / equity
1.91▼
2020 · 2.82
ROE
4.2%▲
2020 · -50.4%
ROA
1.5%▲
2020 · -13.2%
Interest coverage
1.59▲
2020 · -3.04
Debt
€89k▼
2020 · €126k
Debt ≤ 1 year
€66k▼
2020 · €100k
Debt > 1 year
€23k▼
2020 · €24k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€171k€135k▼
Fixed assets21/28€8k€5k▼
Tangible fixed assets22/27€8k€4k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€2k€522▼
Financial fixed assets28€530€530=
Current assets29/58€162k€131k▼
Stocks and contracts in progress3€43k€40k▼
Stocks30/36€43k€40k▼
Amounts receivable within one year40/41€117k€87k▼
Trade receivables40€56k€29k▼
Other amounts receivable41€61k€58k▼
Cash at bank and in hand54/58€50-
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€171k€135k▼
Equity10/15€45k€47k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€37k€39k▲
Amounts payable17/49€126k€89k▼
Amounts payable after more than one year17€24k€23k▼
Financial debts170/4€24k€23k▼
Amounts payable within one year42/48€100k€66k▼
Current portion of amounts payable after more than one year42€5k€14k▲
Financial debts43€18k€20k▲
Credit institutions430/8€18k€20k▲
Trade debts44€69k€30k▼
Suppliers440/4€69k€30k▼
Taxes, remuneration and social security45€8k€2k▼
Taxes450/3€8k€2k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€4k▼
Other operating charges640/8€854€3k▲
Gross operating margin9900€-16k€10k▲
Operating profit (loss)9901€-22k€3k▲
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-22k€2k▲
Profit (loss) for the period9904€-22k€2k▲
Profit (loss) for the period to be appropriated9905€-22k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€39k▲
Profit (loss) brought forward from the previous period14P€59k€37k▼
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
2024
13-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · DIAMOND SOLAR SOLUTIONS BV HOOGKOUTERBAAN(HA) 52, 9450 HAALTERT · event 28-10-2024
2023
21-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · DIAMOND SOLAR SOLUTIONS BV HOOGKOUTERBAAN(HA) 52, 9450 HAALTERT · event 17-04-2023
27-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 211 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 393 days late
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2020
31-12
Financial
Weakest financial yearnet €-22k ▼415%
Net result drops to €-22k, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
SignalFinancial 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- |
17-04-2023 → present |