Skip to content

E-SOL

Active Private limited companyfounded 2022active for 4 yearsCour Lemaire 32, 4651 HerveKBO/BCE: BE 0787.301.686
E-SOL
Follow ReportCompare

Overview

Lifetime

3 annual accounts with figures on one time axis
peak €454,760 (2023)
€224,789▲ 42.4%
peak €224,750 (2023)
€52,952▲ 13×
peak €341,888 (2025)
€341,888▲ 18.3%
€74,199▲ 20.3%
peak 3.1 FTE (2023)
-not published
Board3 names since 2022
3 directors and 2 others
Documentsfilings and deeds
29-08-202629 days late
2025micro format
Gross margin from €157,845 to €224,789Result from €4,186 to €52,952Equity from €288,936 to €341,888Debts from €61,689 to €74,199Cash from €60,463 to €41,571

Key points

from the 2025 annual accounts

Equity

€341,888 ▲ 18.3%

E-SOL has made a profit in every financial year since 2023.

Turnover

≈ €670,000 estimated

The accounts state no turnover.

Staff

3 employees on 31-12-2025
1062023112024012025

In 2025, nobody joined and 1 person left.

Filings

3 annual accounts 2 late
AprilJune31 JulyOctober202320242025

The 2025 accounts came latest: 29 days after the end of the period.

Position in the sector

€341,888

More equity than 92% of companies in specialised construction. Sector median €57,824 · 37,191 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 39,326 companies had the same profile as E-SOL has now. Each dot stands for 99 companies, two years later.

95.7%
were still trading
2.4%
stopped another way
1.8%
went bankrupt
  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 39,326 companies, not a prediction for E-SOL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director,
Director
Director
  • 500 sharesdeed of 17-06-2022
  • 500 sharesdeed of 17-06-2022
  • 500 sharesdeed of 17-06-2022
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0787301686
Incorporation Founding capital of €60,000, 1,500 shares · Founders: , and · Appointments: , and · published on 17-06-2022 · Gazette deed
First establishment Cour Lemaire 32, Herve
All 8 events

Comparable companies

same main activity, similar in size and age
Company
E-SOL Herve €416,087 €224,789 82.2% -
MW ECO SOLUTIONS Liège €426,094 €189,934 44.7% -
JONAS MAUHIN ELECTRICITE Welkenraedt €386,923 €175,197 19.8% -
Volt Concept Ostend €434,534 €214,364 39.8% -
Solar Engineering Roosdaal €431,163 €196,994 17.6% -
Ross Security Tielt €453,724 €216,804 78.7% -
AEA MAX Sint-Truiden €480,702 €213,712 29.4% -

These companies have the same main activity as E-SOL: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €387,000 and €481,000, founded in 2022.

Official details

Source: KBO
Status
Active since 15-06-2022Normal situation
Activity
General electrical installation workNACE 43211
Joint committees
200Auxiliary committee for white-collar workers
124Construction · annual accounts 2023
Establishment unit
2.332.202.8704651 Herve, since 15-06-2022
Financial year end
31 December
Peppol
Reachable since 09-09-2025
Company details

Annual accounts 2025

€224,789▲ 42.4%
€52,952▲ 13×
€341,888▲ 18.3%
€416,087▲ 18.7%
Employeeson 31-12-2025
3▼ 25.0%
Filing
Filed on 29-08-2026
Financials

Insights on E-SOL

E-SOL files the micro format. That format states no turnover. The gross margin fell from €454,760 in 2023 to €224,789 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 29-08-2026, 29 days late
€224,789
▲ 42.4%
€70,991
▲ 591%
€52,952
▲ 13×
€331,231
▲ 24.2%
82.2%
▼ 0.2 percentage points
5.63
▲ 0.31

The turnover shown is an estimate from the gross margin.

Turnover ≈ €670,000. Estimated: probably between €450,000 and €820,000.

Balance sheet

balance sheet total €416,087 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

82.2%

Higher than 87% of 37,177 companies in 2025.

5.63

Higher than 87% of 36,472 companies in 2025.

12.7%

Higher than 65% of 36,707 companies in 2025.

E-SOL Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Staff

€55,268

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2025, nobody joined and 1 person left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023
Balance sheet: assets
20/58 416,087350,625461,400
20 0243729
21/28 13,32421,99426,974
21 2157351,255
22/27 13,11021,25925,719
23 10,41715,82517,163
24 2,6935,4358,556
29/58 402,763328,388433,697
3 103,615127,74677,800
30/36 103,615127,74677,800
40/41 252,820134,741311,767
40 210,75699,315276,007
41 42,06435,42635,760
54/58 41,57160,46339,177
490/1 4,7575,4384,954
Balance sheet: equity and liabilities
10/49 416,087350,625461,400
10/15 341,888288,936284,750
10/11 60,00060,00060,000
14 281,888228,936224,750
17/49 74,19961,689176,650
17 -08,114
170/4 -08,114
42/48 71,53161,689168,536
42 08,11413,526
44 64,6735,435114,539
440/4 64,6735,435114,539
45 6,29047,53940,472
450/3 2,43040,36739,845
454/9 3,8607,173627
47/48 569601-
492/3 2,668--
Income statement
9900 224,789157,845454,760
62 143,698137,598144,715
630 8,9129,1679,252
640/8 1,1888021,080
9901 70,99110,277299,713
75/76B 2051,092300
75 2051,092300
65/66B 4,5615,7305,579
65 4,5615,7305,579
9903 66,6355,639294,434
67/77 13,6831,45369,685
9904 52,9524,186224,750
9905 52,9524,186224,750
Appropriation of the result
9906 281,888228,936224,750
14P 228,936224,750-
Social balance sheet
9087 2.63.43.1
Hours worked1013 3,5624,2435,682
Document PDFPDFPDF

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 29-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 29 days after the deadline. Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00450387.

Financial year Type Filed Reference Document
31-12-2025 micro format 29-08-2026 2026-00450387 PDF
31-12-2024 micro format 21-08-2025 2025-00388274 PDF
31-12-2023 full format 24-07-2024 2024-00276855 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023
79,90319,444308,965
61,86513,353234,002
2433,70235,497
-18,89221,286-
331,231266,699265,161
82.2%82.4%61.7%
5.635.322.57
4.183.252.11
0.220.210.62
15.5%1.4%78.9%
12.7%1.2%48.7%
17.523.3955.38

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-2023
Employees at the balance-sheet date344
full-time233
part-time111
in full-time equivalents2.63.63.3
2.63.43.1
On a permanent contract344
Joined0110
Left116
Training hours--8

Source: social balance sheet in the 2023 to 2025 annual accounts

Investments

fixed assets acquired
Item202520242023
Tangible fixed assets-€3,702€33,937
Intangible fixed assets--€1,560
€8,912€9,167€9,252

Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)

Insights on E-SOL

The operating result for 2025 is 6.9 times that of 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total rises from 17.6% to 17.8%. Equity and debt are higher.

Large changes and their cause
  • 2024 Net result -98% on 2023. The accounts now follow the micro format, last year the full format.

Board & ownership

Board

3 directors, since incorporation
Director (not named in the articles), permanent representative
appointed by deed of 17-06-2022 term without a fixed end
listed in the 2025 annual accounts, filed on 29-08-2026
Director (not named in the articles), permanent representative
appointed by deed of 17-06-2022 term without a fixed end
also on the board of 3 other companies
listed in the 2025 annual accounts, filed on 29-08-2026
Director (not named in the articles)
appointed by deed of 17-06-2022 term without a fixed end
listed in the 2025 annual accounts, filed on 29-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
deed of 17-06-2022
Permanent representatives 2
Permanent representative, for
appointed by deed of 17-06-2022
Permanent representative, for
appointed by deed of 17-06-2022

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today

Director (not named in the articles)

Director (not named in the articles)

Director (not named in the articles)
Board
Mandates as a list
    • Director (not named in the articles), appointed by deed of 17-06-2022, still in office
    • Director (not named in the articles), appointed by deed of 17-06-2022, still in office
    • Director (not named in the articles), appointed by deed of 17-06-2022, still in office

See the board, name and registered office on a given date →

Control

Founders
, ,
This company
E-SOL
Equity €341,888
Profit €52,952 in 2025

Capital

Contribution
€60,000
Shares
1,500
Contribution per share
€40
Equity per share
€228 in 2025
Source
deed of 17-06-2022

Articles of association

deed of 17-06-2022 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Shareholders

At incorporation deed of 17-06-2022 ↗
  • 500 shares (33.3%) · €20,000
  • 500 shares (33.3%) · €20,000
  • 500 shares (33.3%) · €20,000

Network & group

No group

E-SOL has no parent and no holdings in its annual accounts.

The LEI register names no parent.

Connections & network

5 connected companies
Depth
Shared corporate director Shared corporate director Shared corporate director Shared corporate director Shared corporate director E-SOL E-SOL0787.301.686
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
via · Director (not named in the articles) · deed of 02-12-2021
Founded in 1981 · 67 FTE (2025)
via · Director · deed of 09-09-2025
Founded in 1983 · 5.8 FTE (2026)
via · Managing director · deed of 08-12-2020
Founded in 2008 · 9.3 FTE (2025)
via · Director (not named in the articles) · deed of 02-12-2021
Founded in 1990 · total assets €248,955 (2025)
Show 1 more company with a shared director
via · Director · deed of 07-12-2020
Founded in 2009 · total assets €73,229 (2025)

Timeline

Timeline

8 events since 2022

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 29 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0787301686
Annual accounts 2024 filed PDFmicro format · 21 days late
2024
Weakest financial year net €4,186 ▼98.1% The net result drops to €4,186, the lowest from 2023 to 2025. It recovers the following year.
Liquidity more than doubled current ratio 5.32 The current ratio rises from 2.57 to 5.32. Short-term debt falls from €168,536 to €61,689.
Annual accounts 2023 filed PDFfull format · 7 days before the deadline
2022
IncorporationFounding capital of €60,000, 1,500 shares · Founders: , and · Appointments: , and · published on 17-06-202211 points ▸
  • Registered office clause, Cour Lemaire 32 D, 4651 Battice (Herve)
  • Board rule, 3
  • Director appointment, (director (not named in the articles))
  • Director appointment, (director (not named in the articles))
  • Permanent representative,
  • Director appointment, (director (not named in the articles))
  • Permanent representative,
  • Founder,
  • Founder,
  • Founder,
  • Founding capital, €60,000, 1,500 shares
  • The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

First establishment Cour Lemaire 32, Herve

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 15 June 2022, E-SOL was incorporated as a private limited company by three natural persons, with a starting capital of €60,000.12 Total assets went from €461,400 in 2023 to €416,087 in 2025 and headcount from 3.1 to 2.6 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 17-06-2022
  3. 3National Bank, annual accounts 2023 and 2025

Company details

Identity

Enterprise number
0787.301.686
VAT number
BE 0787.301.686
Peppol ID
0208:0787301686
LEI code
254900QDG5XEV228DT81 live in the LEI register
Legal form
Private limited company
Status
Active, normal situation
Founded
15-06-2022
Financial year
ends on 31 December
Peppol
Reachable since 09-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
E-SOL in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 17-06-2022 (in French)

Activities

NACEBEL 2025
VAT activities
43211 General electrical installation work main activity
Social security (RSZ) activities
43211 General electrical installation work main activity
Joint committees annual accounts 2023
JC 200 Auxiliary committee for white-collar workers
JC 124 Construction
Codes under NACEBEL 2008
VAT activities
43211 Specialised construction activities main activity
Social security (RSZ) activities
43211 Specialised construction activities main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'exploitation des énergies renouvelables, énergie éolienne, solaire, combustion du bois et autres matières renouvelables, le chauffage des…”
15 activities
  1. L'exploitation des énergies renouvelables, énergie éolienne, solaire, combustion du bois et autres matières renouvelables, le chauffage des bâtiments publics et privés, des piscines, la fabrication d'électricité, la fabrication, le placement, la vente de tous produits, matériaux et matériel relevant des domaines précités et ainsi notamment les poêles à granulés de bois, tous systèmes de récupération et d'utilisation des énergies naturelles, panneaux solaires, éoliennes, pompes à chaleur, etc.
  2. De tous appareils ou infrastructures destinés à capter, stocker, restituer, consommer toutes énergies
  3. De tous systèmes plus traditionnels de chauffage, de recyclage, de ventilation, d'aération et ainsi sans que l'énumération qui soit limitative, tous systèmes de chauffage central ou non, radiateurs, convecteurs, souffleries, vannes, tuyaux, boiler, chaudières, vases d'expansion, de tous appareils de conditionnement de l'air et de refroidissement et ainsi que de frigos, de chambres froides, d'appareils à air conditionné, etc.
  4. De tous isolants et conducteurs de toutes autres marchandises ou produits ayant un rapport avec les domaines prédéfinis
  5. Le placement, la conception, la recherche, le conseil, l'entretien, la réparation, l'assistance, le courtage, le commissionnement, et la prestation de tous services rentrant dans les domaines précités
  6. La production d'électricité à partir de sources d'énergies renouvelables ou de systèmes de co-génération
  7. La réalisation d'études et le financement pour le compte de tiers d'installations d'énergies renouvelables
  8. Tous travaux et études relatifs à l'isolation et aux économies d'énergie
  9. L'entreprise générale de construction
  10. La réalisation de charpentes et pose de couverture
  11. La fabrication et placement de bâtiments modulaires
  12. La location de véhicules électriques ou hybrides
  13. L'installation de bornes de recharges pour véhicules électriques
  14. L'exploitation de stations de recharges pour véhicules électriques et CNG
  15. Toutes activités et opérations se rapportant à la constitution et la gestion d'un patrimoine mobilier et/ou immobilier et la location-financement de biens meubles et/ou immeubles aux tiers, notamment l'acquisition par l'achat ou autrement, la vente, l'échange, la construction, la transformation, l'amélioration, l'équipement, l'aménagement, l'embellissement, l'entretien, la location, la prise en location, le lotissement, la prospection et l'exploitation de biens meubles et/ou immeubles, ainsi que toutes opérations qui, directement ou indirectement sont en relation avec cet objet et qui sont de nature à favoriser l'accroissement et le rapport d'un patrimoine mobilier et/ou immobilier, de même que se porter caution pour la bonne fin d'engagements pris par des tiers qui auraient la jouissance de ces biens meubles et/ou immeubles
deed of 17-06-2022 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Cour Lemaire 32 registered office 4651 Herve 15-06-2022 2.332.202.870

Location

registered office establishment approximate The establishment unit on the map

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0787.301.686

We would like to set cookies. That happens only with your consent. What we measure