E&S SOLAR
ActiveE&S SOLAR has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106k and a net result of €7k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 44% of 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▼-1
Solvency67▲+17
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.41 in 2024; short-term debt: 37.9% and cash: 5% of total assets), but 58.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
41.8%
Return on assets
2.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
29 d early
2023
on the day
2022
30 d early
2021
1 d early
2020
31 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€106k▲ 7.1%
2024 · €99k
2018: €58k
2019: €60k
2020: €69k
2021: €85k
2022: €83k
2023: €99k
2024: €99k
2018 → 2025
Total assets
€254k▼ 37.1%
2024 · €403k
2018: €395k
2019: €404k
2020: €401k
2021: €332k
2022: €308k
2023: €382k
2024: €403k
2018 → 2025
Net result
€7k▲ 5,867%
2024 · €118
2018: €12k
2019: €2k
2020: €9k
2021: €16k
2022: €-2k
2023: €16k
2024: €118
2018 → 2025
Working capital
€77k▲ 12.6%
2024 · €69k
2018: €-2k
2019: €5k
2020: €9k
2021: €27k
2022: €26k
2023: €92k
2024: €69k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€85k-€83k▼ 2.5%€99k▲ 19.1%€99k▲ 0.1%€106k▲ 7.1%
Operating result€27k-€5k▼ 80.1%€29k▲ 438%€16k▼ 45.4%€21k▲ 33.7%
Net result€16k-€-2k€16k€118▼ 99.3%€7k▲ 5,867%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 34% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €254k
Fixed assets
€80k▼ 51.9%
Current assets
€173k▼ 26.6%
Equity and liabilities €254k
Equity
€106k▲ 7.1%
Debt
€148k▼ 51.4%
The debt ratio falls from 75.5% to 58.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▼
2024 · €56k
Cash flow
€29k▼
2024 · €41k
Solvency
41.8%▲
2024 · 24.5%
Current ratio
1.80▲
2024 · 1.41
Quick ratio
0.47▼
2024 · 0.61
Debt / equity
1.39▼
2024 · 3.07
ROE
6.6%▲
2024 · 0.1%
ROA
2.8%▲
2024 · 0.0%
Interest coverage
2.80▼
2024 · 3.41
Debt
€148k▼
2024 · €304k
Debt ≤ 1 year
€96k▼
2024 · €167k
Debt > 1 year
€52k▼
2024 · €137k
Income taxes
€916▲
2024 · €224
Staff costs
€41k▼
2024 · €43k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€403k€254k▼
Fixed assets21/28€167k€80k▼
Tangible fixed assets22/27€164k€77k▼
Land and buildings22€91k€73k▼
Plant, machinery and equipment23€2k€802▼
Furniture and vehicles24€71k€3k▼
Financial fixed assets28€3k€3k=
Current assets29/58€236k€173k▼
Stocks and contracts in progress3€134k€128k▼
Stocks30/36€126k€128k▲
Contracts in progress37€8k-
Amounts receivable within one year40/41€41k€32k▼
Trade receivables40€35k€30k▼
Other amounts receivable41€6k€2k▼
Cash at bank and in hand54/58€60k€13k▼
Deferred charges and accrued income490/1€932-
Equity and liabilities
Total equity and liabilities10/49€403k€254k▼
Equity10/15€99k€106k▲
Contributions10/11€6k€6k=
Reserves13€93k€100k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€91k€98k▲
Amounts payable17/49€304k€148k▼
Amounts payable after more than one year17€137k€52k▼
Financial debts170/4€137k€52k▼
Amounts payable within one year42/48€167k€96k▼
Current portion of amounts payable after more than one year42€48k€28k▼
Financial debts43€85k€35k▼
Credit institutions430/8€85k€35k▼
Trade debts44€23k€12k▼
Suppliers440/4€23k€12k▼
Taxes, remuneration and social security45€6k€14k▲
Taxes450/3€6k€14k▲
Other amounts payable47/48€5k€7k▲
Income statement
Code20242025
Remuneration, social security and pensions62€43k€41k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€22k▼
Other operating charges640/8€4k€709▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€104k€88k▼
Operating profit (loss)9901€16k€21k▲
Financial income75/76B€876€2k▲
Recurring financial income75€876€2k▲
Financial charges65/66B€17k€16k▼
Recurring financial charges65€17k€16k▼
Profit (loss) for the period before taxes9903€342€8k▲
Income taxes67/77€224€916▲
Profit (loss) for the period9904€118€7k▲
Profit (loss) for the period to be appropriated9905€118€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€118€7k▲
Transfer to equity691/2€118€7k▲
To other reserves6921€118€7k▲
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Equity above €100kEq €106k ▲7.1%
3 profitable years in a row build equity to €106k.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-2k ▼113%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €16k ▲85.1%
Net result €16k, the highest in the series.
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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 2009
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.
Bremstraat 123700 Tongeren-BorgloonGround area
584 m²
Building footprint
156 m²
Volume, LiDAR
863 m³
Parcel 73347A0233/00C006, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
E&S SOLAR
since 20092.181.928.589
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73347A0233/00C006 | Flanders | 584 m² | 1 · 156 m² | 8.3 m · 2 fl. |
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
2023 to 2024 · 2 entries · 393 EUR awarded · 393 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 253 EUR | 253 EUR |
| 2023 | 1 | 140 EUR | 140 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
6 endedSimilar companies · same sector, comparable size
Delanghe Jean-Marie
BE 0835.349.053
Evergem · Eq €106k
Epsilon BS
BE 1003.246.056
Lier · Eq €106k
Techni-SOLAR
BE 0809.281.490
Plombières · Eq €105k
CDF CONTRACTING
BE 0747.545.841
Antwerpen · Eq €105k
MvanM
BE 0672.645.510
Bilzen-Hoeselt · Eq €105k
Of 4,095 companies in sector 43240 we hold annual accounts for 1,631. 1,369 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-10-2009
Fiscal year end30-09
Activities, NACEBEL
43211General electrical installation work
43240Other construction installation
43299Specialised construction activities
28210Manufacture of machinery and equipment not elsewhere classified
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.