ELECTRIC SOLAR SOLUTION
Dissolved and wound upFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-01-2026 at the NBB all 2 filings
Turnover
≈ €260,000
Estimated: probably between €170,000 and €450,000
Total assets
€380,132▲ 25.0%
2024 · €304,038
Net result
€55,516▼ 56.9%
2024 · €128,683
Working capital
€164,288▲ 39.3%
2024 · €117,946
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€78,700
▼ 52.3%
2025
20242025
Net result
€55,516
▼ 56.9%
2025
20242025
Equity
€185,699
▲ 42.6%
2025
20242025
Total assets
€380,132
▲ 25.0%
2025
20242025
Debt
€194,433
▲ 11.8%
2025
20242025
Working capital
€164,288
▲ 39.3%
2025
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€165,122-€78,700▼ 52.3%
Net result€128,683-€55,516▼ 56.9%
Equity€130,183-€185,699▲ 42.6%
Total assets€304,038-€380,132▲ 25.0%
Debt€173,855-€194,433▲ 11.8%
Working capital€117,946-€164,288▲ 39.3%
The operating result for 2025 is 52% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €380,132
Fixed assets
€32,185 ▲ 13.8%
Current assets
€347,946 ▲ 26.2%
Equity and liabilities €380,132
Equity
€185,699 ▲ 42.6%
Debt
€194,433 ▲ 11.8%
Debt's share of the balance-sheet total falls from 57.2% to 51.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€85,785▼
2024 · €167,339
Cash flow
€62,601▼
2024 · €130,899
Current ratio
1.89▲
2024 · 1.75
Debt to equity
1.05▼
2024 · 1.34
ROE
29.9%▼
2024 · 98.8%
ROA
14.6%▼
2024 · 42.3%
Interest coverage
32.26▼
2024 · over 100
Debt ≤ 1 year
€183,658▲
2024 · €157,810
Debt > 1 year
€10,775▼
2024 · €16,046
Income taxes
€20,524▼
2024 · €36,200
Staff costs
€435▼
2024 · €722
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2024 | 30-06-2025 |
|---|---|---|
| Tangible fixed assets | €30,498 | €10,988 |
| Depreciation and write-downs of the year | €2,216 | €7,085 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €722 | €435 | ▼ 39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,216 | €7,085 | ▲ 220% |
| Other operating charges640/8 | €479 | €727 | ▲ 51.7% |
| Gross operating margin9900 | €168,540 | €86,946 | ▼ 48.4% |
| Operating profit (loss)9901 | €165,122 | €78,700 | ▼ 52.3% |
| Financial charges65/66B | €240 | €2,660 | ▲ 11× |
| Recurring financial charges65 | €240 | €2,660 | ▲ 11× |
| Profit (loss) for the period before taxes9903 | €164,883 | €76,040 | ▼ 53.9% |
| Income taxes67/77 | €36,200 | €20,524 | ▼ 43.3% |
| Profit (loss) for the period9904 | €128,683 | €55,516 | ▼ 56.9% |
| Profit (loss) for the period to be appropriated9905 | €128,683 | €55,516 | ▼ 56.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €304,038 | €380,132 | ▲ 25.0% |
| Fixed assets21/28 | €28,282 | €32,185 | ▲ 13.8% |
| Tangible fixed assets22/27 | €28,282 | €32,185 | ▲ 13.8% |
| Plant, machinery and equipment23 | €1,236 | €959 | ▼ 22.4% |
| Furniture and vehicles24 | €27,046 | €31,227 | ▲ 15.5% |
| Current assets29/58 | €275,756 | €347,946 | ▲ 26.2% |
| Amounts receivable within one year40/41 | €168,717 | €300,425 | ▲ 78.1% |
| Trade receivables40 | €145,759 | €295,792 | ▲ 103% |
| Other amounts receivable41 | €22,958 | €4,633 | ▼ 79.8% |
| Cash at bank and in hand54/58 | €107,039 | €47,249 | ▼ 55.9% |
| Deferred charges and accrued income490/1 | - | €272 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €304,038 | €380,132 | ▲ 25.0% |
| Equity10/15 | €130,183 | €185,699 | ▲ 42.6% |
| Contributions10/11 | €1,500 | €1,500 | = |
| Reserves13 | - | €55,516 | - |
| Distributable reserves133 | - | €55,516 | - |
| Profit (loss) carried forward14 | €128,683 | €128,683 | = |
| Amounts payable17/49 | €173,855 | €194,433 | ▲ 11.8% |
| Amounts payable after more than one year17 | €16,046 | €10,775 | ▼ 32.8% |
| Financial debts170/4 | €16,046 | €10,775 | ▼ 32.8% |
| Amounts payable within one year42/48 | €157,810 | €183,658 | ▲ 16.4% |
| Current portion of amounts payable after more than one year42 | €45,044 | €5,271 | ▼ 88.3% |
| Trade debts44 | €92,766 | €154,908 | ▲ 67.0% |
| Suppliers440/4 | €92,766 | €154,908 | ▲ 67.0% |
| Advances received on contracts in progress46 | €20,000 | - | - |
| Taxes, remuneration and social security45 | - | €23,479 | - |
| Taxes450/3 | - | €23,479 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €128,683 | €55,516 | ▼ 56.9% |
| + Depreciation and write-downs630 | €2,216 | €7,085 | ▲ 220% |
| Operating cash flow (approximation) | €130,899 | €62,601 | ▼ 52.2% |
| Investment in fixed assets (approximation) | - | -€10,988 | - |
| Change in cash | - | -€59,790 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.