EARTH WIND & SOLAR ENERGY
ActiveEARTH WIND & SOLAR ENERGY has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €813k and a net result of €57k. Equity is growing by ~34.5% per year across the filed fiscal years. Its solvency ranks better than 61% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-3
Solvency79▼-21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 3.83 in 2024; short-term debt: 46.2% and cash: 25.8% of total assets), and 46.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
53.8%
Return on assets
3.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
2 d early
2023
1 d early
2022
1 d early
2021
on the day
2020
2 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€813k▼ 15.0%
2024 · €956k
2019: €216k
2020: €238k
2021: €393k
2022: €687k
2023: €888k
2024: €956k
2019 → 2025
Total assets
€1.51M▲ 21.0%
2024 · €1.25M
2019: €816k
2020: €1.03M
2021: €1.02M
2022: €1.48M
2023: €1.58M
2024: €1.25M
2019 → 2025
Net result
€57k▼ 17.0%
2024 · €68k
2019: €42k
2020: €22k
2021: €155k
2022: €294k
2023: €201k
2024: €68k
2019 → 2025
Working capital
€719k▼ 13.5%
2024 · €831k
2019: €223k
2020: €297k
2021: €401k
2022: €605k
2023: €740k
2024: €831k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€393k-€687k▲ 74.9%€888k▲ 29.2%€956k▲ 7.7%€813k▼ 15.0%
Operating result€218k-€405k▲ 86.0%€393k▼ 3.0%€107k▼ 72.7%€86k▼ 20.1%
Net result€155k-€294k▲ 90.1%€201k▼ 31.8%€68k▼ 66.1%€57k▼ 17.0%
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 fallen three years in a row; 2025 is 20% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.51M
Fixed assets
€94k▼ 25.2%
Current assets
€1.42M▲ 26.2%
Equity and liabilities €1.51M
Equity
€813k▼ 15.0%
Debt
€699k▲ 138%
The debt ratio rises from 23.5% to 46.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€119k▼
2024 · €136k
Cash flow
€90k▼
2024 · €97k
Solvency
53.8%▼
2024 · 76.5%
Current ratio
2.03▼
2024 · 3.83
Quick ratio
1.40▼
2024 · 2.52
Debt / equity
0.86▲
2024 · 0.31
ROE
7.0%▼
2024 · 7.1%
ROA
3.7%▼
2024 · 5.5%
Interest coverage
21.92▲
2024 · 9.13
Debt
€699k▲
2024 · €293k
Debt ≤ 1 year
€699k▲
2024 · €293k
Income taxes
€24k▼
2024 · €27k
Staff costs
€115k▲
2024 · €107k
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€1.25M€1.51M▲
Fixed assets21/28€126k€94k▼
Tangible fixed assets22/27€107k€75k▼
Plant, machinery and equipment23€16k€11k▼
Furniture and vehicles24€91k€64k▼
Financial fixed assets28€19k€19k=
Current assets29/58€1.12M€1.42M▲
Stocks and contracts in progress3€385k€438k▲
Stocks30/36€385k€438k▲
Amounts receivable within one year40/41€647k€590k▼
Trade receivables40€573k€547k▼
Other amounts receivable41€75k€43k▼
Cash at bank and in hand54/58€92k€390k▲
Equity and liabilities
Total equity and liabilities10/49€1.25M€1.51M▲
Equity10/15€956k€813k▼
Contributions10/11€30k€30k=
Outside capital11€30k€30k=
Other1109/19€30k€30k=
Reserves13€208k€208k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€205k€205k=
Profit (loss) carried forward14€718k€575k▼
Amounts payable17/49€293k€699k▲
Amounts payable within one year42/48€293k€699k▲
Trade debts44€281k€472k▲
Suppliers440/4€281k€472k▲
Taxes, remuneration and social security45€10k€11k▲
Remuneration and social security454/9€10k€11k▲
Other amounts payable47/48€2k€216k▲
Income statement
Code20242025
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€107k€115k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€33k▲
Other operating charges640/8€8k€7k▼
Gross operating margin9900€251k€241k▼
Operating profit (loss)9901€107k€86k▼
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€15k€6k▼
Recurring financial charges65€15k€5k▼
Non-recurring financial charges66B-€1k
Profit (loss) for the period before taxes9903€95k€80k▼
Income taxes67/77€27k€24k▼
Profit (loss) for the period9904€68k€57k▼
Profit (loss) for the period to be appropriated9905€68k€57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€718k€775k▲
Profit (loss) brought forward from the previous period14P€650k€718k▲
Profit to be distributed694/7-€200k
Return on contributions (dividend)694-€200k
Social balance
Average headcount (FTE)90872.02.0=
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
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €294k ▲90.1%
Operating result €405k, net result €294k, both a record.
30-06
Financial
Equity above €500kEq €687k ▲74.9%
4 profitable years in a row build equity to €687k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €22k ▼48.6%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Merchtem · 2 establishment units since 2007
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.
Paddebroeken 21785 MerchtemGround area
6,366 m²
Building footprint
1,356 m²
Volume, LiDAR
7,525 m³
2 parcels, Flanders · tallest building 13.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
EARTH WIND & SOLAR ENERGY
since 20072.160.810.996
Stoofstraat 39, 1785 Merchtem
since 20232.381.668.615
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602H0107/00S002 | Flanders | 3,936 m² | 1 · 1,179 m² | 13.3 m · 2 fl. |
| 23602L0123/00G000 | Flanders | 2,431 m² | 1 · 177 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2022 to 2025 · 4 entries · 1,338 EUR awarded · 2,769 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 99 EUR |
| 2024 | 1 | 1,126 EUR | 2,167 EUR |
| 2023 | 1 | 107 EUR | 398 EUR |
| 2022 | 1 | 105 EUR | 105 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
7 categoriesEARTH WIND & SOLAR ENERGY BV39251
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 5,258 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-2007
Fiscal year end30-06
Activities, NACEBEL
27110Manufacture of electrical equipment
43211General electrical installation work
46643Wholesale of electrical equipment, including installation materials
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.