Turnover
≈ €410,000 estimated
The micro format states no turnover.
ElCo Solar
Lifetime
15 annual accounts with figures on one time axispeak €266,365 (2012)
€138,054▲ 34.4%
lowest -€23,063 (2016)
€42,010▲ €42,628
peak €93,524 (2025)
€93,524▲ 81.5%
€88,590▼ 19.3%
peak 4.5 FTE (2011)
-not published
Board2 names since 2021
1 directorCOP Ronny
Documentsfilings and deeds
04-05-202688 days before the deadline
2025micro format
Gross margin from €102,753 to €138,054Back to profit: €42,010Equity from €51,514 to €93,524Debts from €109,821 to €88,590Investments €41,600Cash from €13,729 to €546
Key points
from the 2025 annual accountsFilings
15 annual accounts since 2011
Five of the last ten came late. The 2022 accounts came latest: 46 days after the end of the period.
Position in the sector
€42,010
Higher net result than 82% of companies in specialised construction. Sector median €10,189 · 35,107 companies.
Checked score
83
Excellent
Financially stronger than 62% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.5%▼ -0.1 percentage points vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.6%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%▼ -0.1 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025lowest value
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▲ +0.4 percentage points vs 07-2025
09-2025: 1.2%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 0.7%▼ -0.5 percentage points vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.6%▼ -0.1 percentage points vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.64, cash €546, halved
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 2010
Figures for financial year 2025 (filed on 05-05-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 56% of them on solvency, 22% on liquidity, 81% on profitability and 89% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as ElCo Solar has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of ElCo Solar itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,693 companies, not a prediction for ElCo Solar. 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 of up to €7,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.64 (1.58 in 2024), above the usual 1.5. Short-term debt is 36.7% and cash 0.3% of total assets. 48.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 days early
2024
29 days late
2023
23 days late
2022
46 days late
2021
16 days late
2020
3 days early
2019
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Company renamed from ALG.BOUWWERKEN COP RONNY to ElCo Solar
Resignation: COP Ronny (statutory director) · Reappointment: COP Ronny (statutory director) · “Onderneming voor elektrotechnische installaties; Elektriciteitswerken; Installatiewerken aan gebouwen; Overige…” (deed in Dutch) · General meeting of 15-12-2023 · Gazette deed
Registered office moved from Vorselaar to Waasmunster
New registered office: NEERSTRAAT 251/1, 9250 WAASMUNSTER · Previous registered office: Sassenhout 15/4, 2290 Vorselaar · Gazette deed
Resignation: CLAUWAERT KEVIN (director)
Director discharge: CLAUWAERT KEVIN · General meeting of 28-12-2020 · Gazette deed
Incorporation
published on 22-07-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ElCo Solar Waasmunster | €182,114 | €138,054 | 51.4% | - |
| VAN GEERT JORGEN Zottegem | €219,242 | €122,096 | 59.7% | - |
| 'T GROENENHOF Dendermonde | €210,749 | €112,229 | 76.5% | - |
| SOLARTECH BELUX Bastogne | €183,802 | €131,359 | 34.5% | - |
| AMPERA PROJECTS Wommelgem | €183,116 | €151,911 | 81.9% | - |
| ZONLICHT Ranst | €164,246 | €156,636 | 5.1% | - |
| G.M.A. TECHNICS Boussu | €157,498 | €156,258 | 68.6% | - |
These companies have the same main activity as ElCo Solar: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €157,000 and €219,000, founded between 2009 and 2012.
Official details
Source: KBO- Status
- Active since 12-07-2010Normal situation
- Activity
- General electrical installation workNACE 43211and 2 others
- Joint committee
- 124Construction · annual accounts 2025
- Establishment unit
- 2.190.364.4239250 Waasmunster, since 09-07-2010
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €182,114▲ 12.9%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 04-05-2026, 88 days before the end of the filing period
Insights on ElCo Solar
ElCo Solar files the micro format. That format states no turnover. The gross margin fell from €236,588 in 2011 to €138,054 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ElCo Solar
- What is the company number of ElCo Solar?
- The company number of ElCo Solar is 0827.729.209. The VAT number is the same number with BE in front: BE 0827.729.209.
- Where is ElCo Solar based?
- The registered office is at Neerstraat 251, 9250 Waasmunster.Company details
- What does ElCo Solar do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of ElCo Solar?
- ElCo Solar is a private limited company (BV).
- When was ElCo Solar founded?
- ElCo Solar was founded on 12-07-2010.
- Is ElCo Solar still active?
- Yes, ElCo Solar is an active enterprise in the KBO register.
- How many employees does ElCo Solar have?
- ElCo Solar had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ElCo Solar fall under?
- In its 2025 annual accounts, ElCo Solar states joint committee 124 (Construction).
- What is the turnover of ElCo Solar?
- The turnover in financial year 2025 is ≈ €410,000. This figure is estimated from the gross margin of €138,054 and 38 comparable companies (NACE 43211). It probably lies between €280,000 and €510,000.
- Is ElCo Solar profitable?
- In financial year 2025, ElCo Solar made a profit of €42,010.
- Where can I find the annual accounts of ElCo Solar?
- ElCo Solar filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ElCo Solar due?
- ElCo Solar must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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