Equity
ENERSOL has made a profit without a break since 2015.
ENERSOL has made a profit without a break since 2015.
The result fell in 2025 from €1.6m to €251,280.
In 2025, 42 people joined and 46 left. On top of that, 0.1 agency workers worked there on average.
ENERSOL pays its suppliers 34 days later than in 2024. Customers pay 16 days earlier.
Three of the last ten came late. The 2022 accounts came latest: 28 days after the end of the period.
More equity than 93% of companies in specialised construction. Sector median €459,014 · 2,463 companies.
The dashed line is the sector median: 0.3% across 241 companies (NACE 43, medium-sized).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, medium-sized). It does better than 56% of them on solvency, 49% on liquidity, 40% on profitability and 23% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 1,887 companies had the same profile as ENERSOL has now. Each dot stands for 5 companies, two years later.
That fits the bankruptcy probability of ENERSOL itself: 0.4% within 12 months.
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 1,887 companies, not a prediction for ENERSOL. 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.
Liquidity is ample, with a current ratio of 1.54 (1.67 in 2024), above the usual 1.5. Short-term debt is 45.4% and cash 6.5% of total assets. However, 63.8% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Shares in 5 companies, including VOLTECO and SOLEA INVEST
Board & ownership| Company | ||||
|---|---|---|---|---|
| ENERSOL Herve | €23.5m | 0.6% | 36.2% | 116.4 |
| THERSA Mouscron | €40.0m | 8.5% | 39.8% | 132 |
| GS SOLUTIONS Hamme (Vl.) | €33.1m | 10.3% | 48.6% | 93.4 |
| CKS Dilsen-Stokkem | €37.5m | 2.5% | 26.0% | 93.1 |
| Kingspan Light + Air Belgium Sint-Niklaas | €41.8m | 6.2% | 50.8% | 167.7 |
| WELEC Westerlo | €29.8m | 6.5% | 61.6% | 98.8 |
| BELCOTEC Geel | €38.8m | 5.3% | 27.4% | 98.9 |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ENERSOL: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €15m and €26m, founded between 1991 and 2006.
ENERSOL has existed since 2005. In 2011 turnover rose from €8.9m to €19.8m and staff from 22.5 to 37.4 full-time equivalents.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 41% of 2,463 companies in 2025.
Higher than 45% of 2,436 companies in 2025.
Higher than 32% of 2,454 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
100.2 men and 16.2 women in full-time equivalents in 2025.
Men €65,989, women €64,873 per full-time equivalent. Jobs differ, so this is not a pay gap.
In 2025, 42 people joined and 46 left. Training hours in 2025: 2,205. Agency workers: 0.1 on average.
| Line | Trend | 2025 | 2024 | 2023 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
19.4m | 18.2m | 17.9m | 17.9m | 15.3m | 14.0m | 11.7m | 9.8m | 9.8m | 9.4m | 13.0m | 7.8m | 9.3m | 15.7m | 7.1m | 5.0m | 5.9m | 1.7m | 945,753 | |
21/28 |
5.9m | 5.2m | 5.9m | 6.7m | 6.5m | 6.2m | 6.1m | 4.5m | 4.7m | 5.0m | 5.6m | 2.1m | 2.1m | 1.4m | 811,553 | 785,542 | 621,643 | 397,220 | 346,529 | |
21 |
132,040 | 133,019 | 6,080 | 27,258 | 35,064 | 45,122 | 23,312 | 27,192 | 39,137 | 55,197 | 45,591 | 18,903 | 10,170 | 4,041 | 7,688 | 5,090 | 1,830 | 2,062 | 2,045 | |
22/27 |
3.4m | 3.9m | 4.8m | 5.8m | 5.8m | 5.5m | 5.5m | 4.3m | 4.5m | 4.7m | 5.1m | 1.5m | 1.6m | 1.3m | 799,676 | 762,452 | 601,813 | 395,158 | 344,484 | |
22 |
36,922 | 44,330 | 39,763 | 36,980 | 26,085 | 29,339 | 2,309 | 2,588 | 180,253 | 197,891 | 125,620 | 138,783 | 577,017 | 585,327 | 174,570 | 190,396 | 207,980 | 222,964 | 244,166 | |
23 |
387,993 | 396,942 | 493,810 | 471,561 | 92,414 | 105,576 | 135,008 | 152,110 | 200,353 | 241,061 | 313,159 | 231,450 | 280,725 | 276,388 | 340,338 | 318,374 | 268,502 | 104,161 | 35,383 | |
24 |
377,992 | 554,426 | 864,130 | 1.4m | 1.0m | 847,048 | 757,753 | 652,698 | 375,275 | 221,066 | 399,754 | 538,061 | 497,984 | 459,244 | 284,767 | 253,682 | 125,331 | 68,033 | 64,935 | |
25 |
1.5m | 1.7m | 1.9m | 2.3m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
949,615 | 1.1m | 1.4m | 1.6m | 1.9m | 1.9m | 1.7m | 438,657 | 519,816 | 600,976 | 682,135 | 629,542 | 243,738 | 25,923 | - | - | - | - | - | |
27 |
90,998 | 111,427 | 90,998 | 223 | 261,683 | 0 | 13,048 | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
2.4m | 1.1m | 1.2m | 853,376 | 686,644 | 676,364 | 624,415 | 224,120 | 223,515 | 280,229 | 454,618 | 579,734 | 539,878 | 76,660 | 4,189 | 18,000 | 18,000 | - | - | |
280/1 |
1.7m | 197,500 | 295,500 | 418,000 | 667,800 | 667,800 | 617,800 | 217,800 | 169,800 | 169,800 | 181,800 | 82,000 | - | - | - | - | - | - | - | |
280 |
1.7m | 197,500 | 295,500 | 418,000 | 667,800 | 667,800 | 617,800 | 217,800 | 169,800 | 169,800 | 181,800 | 82,000 | - | - | - | - | - | - | - | |
282/3 |
599,934 | 844,934 | 844,934 | 411,600 | 0 | - | - | - | 48,000 | 83,000 | 117,000 | 158,000 | 98,000 | 67,432 | - | - | - | - | - | |
282 |
599,934 | 844,934 | 844,934 | 411,600 | - | - | - | - | 48,000 | 48,000 | 57,000 | 48,000 | 48,000 | - | - | - | - | - | - | |
283 |
- | - | - | - | - | - | - | - | - | 35,000 | 60,000 | 110,000 | 50,000 | 67,432 | - | - | - | - | - | |
284/8 |
64,459 | 42,452 | 34,053 | 23,776 | 18,844 | 8,564 | 6,615 | 6,320 | 5,715 | 27,429 | 155,818 | 339,734 | 441,878 | 9,227 | 4,189 | - | - | - | - | |
284 |
37,228 | 14,374 | 3,274 | 11,374 | 10,374 | 374 | 374 | 374 | 124 | 124 | 124 | 124 | 124 | 124 | - | - | - | - | - | |
285/8 |
27,231 | 28,078 | 30,779 | 12,402 | 8,470 | 8,190 | 6,241 | 5,946 | 5,591 | 27,305 | 155,694 | 339,610 | 441,754 | 9,103 | 4,189 | - | - | - | - | |
29/58 |
13.6m | 13.1m | 12.0m | 11.2m | 8.8m | 7.8m | 5.6m | 5.3m | 5.0m | 4.4m | 7.4m | 5.6m | 7.1m | 14.2m | 6.3m | 4.2m | 5.3m | 1.3m | 599,224 | |
29 |
21,695 | 37,048 | - | - | 0 | 10,000 | - | - | - | - | - | - | 45,846 | - | - | - | - | - | - | |
291 |
21,695 | 37,048 | - | - | 0 | 10,000 | - | - | - | - | - | - | 45,846 | - | - | - | - | - | - | |
3 |
3.2m | 2.3m | 4.9m | 4.0m | 2.6m | 1.7m | 1.2m | 1.1m | 1.0m | 434,128 | 2.5m | 2.4m | 1.5m | 2.2m | 1.2m | 938,706 | 1.5m | 563,072 | 419,686 | |
30/36 |
2.4m | 1.4m | 2.3m | 2.8m | 2.1m | 1.3m | 1.1m | 803,300 | 883,076 | 368,331 | 292,855 | 2.3m | 1.5m | 1.6m | 1.0m | 450,428 | 1.0m | 90,321 | 120,870 | |
30/31 |
1.4m | 1.3m | 2.2m | 1.7m | 1.0m | 851,023 | 619,045 | 501,570 | 883,076 | 365,471 | 289,865 | 968,062 | 719,002 | 751,187 | 1.0m | - | - | - | - | |
34 |
994,386 | 110,845 | 150,446 | 1.1m | 1.1m | 464,360 | 487,760 | 301,730 | - | 2,860 | 2,990 | 522,238 | 671,564 | 722,070 | - | - | - | - | - | |
35 |
- | - | - | - | - | - | - | - | - | - | - | 800,305 | - | - | - | - | - | - | - | |
36 |
- | - | - | - | - | - | - | - | - | - | - | - | 100,000 | 100,000 | - | - | - | - | - | |
37 |
810,129 | 953,126 | 2.6m | 1.2m | 448,644 | 390,869 | 132,787 | 264,046 | 164,312 | 65,797 | 2.2m | 82,683 | 52,386 | 610,350 | 163,182 | 488,278 | 470,004 | 472,751 | 298,816 | |
40/41 |
5.1m | 7.0m | 6.2m | 6.1m | 5.2m | 4.7m | 3.6m | 3.6m | 3.0m | 2.5m | 4.0m | 2.2m | 1.9m | 5.0m | 2.6m | 1.2m | 3.0m | 234,520 | 139,936 | |
40 |
3.8m | 6.1m | 5.2m | 4.3m | 3.9m | 3.7m | 2.8m | 2.5m | 2.0m | 1.6m | 3.0m | 1.4m | 1.7m | 4.9m | 2.3m | 1.1m | 3.0m | 191,794 | 30,369 | |
41 |
1.3m | 861,090 | 947,435 | 1.8m | 1.4m | 974,620 | 775,998 | 1.1m | 945,464 | 920,852 | 1.0m | 884,076 | 165,996 | 111,695 | 259,773 | 95,862 | 55,026 | 42,726 | 109,567 | |
50/53 |
3.8m | 3.1m | 501,234 | 251,036 | 1,039 | - | 1,144 | 1,191 | 301,322 | 1,351 | - | - | - | 6.0m | 2.2m | 1.8m | 501,177 | 380,569 | - | |
50 |
320,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
51/53 |
3.5m | 3.1m | 501,234 | 251,036 | 1,039 | - | 1,144 | 1,191 | 301,322 | 1,351 | - | - | - | 6.0m | 2.2m | - | - | - | - | |
54/58 |
1.3m | 546,132 | 366,480 | 671,185 | 840,988 | 1.2m | 703,263 | 568,892 | 705,858 | 1.4m | 855,298 | 1.0m | 3.6m | 1.0m | 233,333 | 231,381 | 265,314 | 122,899 | 39,602 | |
490/1 |
191,337 | 67,998 | 44,424 | 149,415 | 141,748 | 125,257 | 32,495 | 22,868 | 9,006 | 28,112 | 22,174 | 16,503 | 65,477 | 42,567 | 32,839 | 4,086 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
19.4m | 18.2m | 17.9m | 17.9m | 15.3m | 14.0m | 11.7m | 9.8m | 9.8m | 9.4m | 13.0m | 7.8m | 9.3m | 15.7m | 7.1m | 5.0m | 5.9m | 1.7m | 945,753 | |
10/15 |
7.0m | 7.0m | 5.9m | 6.6m | 6.3m | 5.8m | 5.3m | 4.7m | 4.6m | 4.2m | 4.2m | 4.1m | 4.4m | 2.9m | 1.9m | 1.9m | 934,144 | 180,210 | 145,956 | |
10/11 |
360,000 | 360,000 | 360,000 | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 200,000 | 200,000 | 200,000 | 200,000 | 60,000 | 60,000 | 60,000 | |
100 |
- | - | - | - | - | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 200,000 | 200,000 | 200,000 | 200,000 | 60,000 | 60,000 | 60,000 | |
13 |
2.0m | 1.9m | 1.7m | 1.5m | 1.4m | 1.3m | 1.2m | 1.2m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 418,190 | 35,974 | 15,384 | |
130/1 |
481,725 | 161,725 | 161,725 | 161,725 | 161,725 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 161,725 | 121,464 | 77,906 | 59,187 | 31,187 | 30,187 | 30,187 | 20,000 | 20,000 | 20,000 | 20,000 | 6,000 | 2,573 | 733 | |
1311 |
161,725 | 161,725 | 161,725 | 161,725 | 161,725 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1312 |
320,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
410,707 | 494,907 | 452,807 | 347,557 | 179,157 | 94,957 | 65,021 | 45,010 | 34,873 | 34,873 | 34,873 | 34,873 | 34,873 | 259,873 | 379,369 | 1.1m | 412,190 | 33,401 | 14,651 | |
133 |
1.1m | 1.2m | 1.1m | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 810,000 | 690,000 | - | - | - | - | |
14 |
4.6m | 4.7m | 3.7m | 2.5m | 2.4m | 1.9m | 1.5m | 996,171 | 841,100 | 513,795 | 497,120 | 568,088 | 3.1m | 1.6m | 608,363 | 567,735 | 420,994 | 34,976 | 13,918 | |
15 |
104,286 | 116,837 | 129,458 | 155,552 | 169,986 | 184,510 | 199,992 | 216,048 | 232,083 | 254,721 | 268,402 | 28,075 | 35,345 | 29,697 | 40,582 | 80,676 | 34,960 | 49,260 | 56,654 | |
16 |
1.3m | 1.8m | 1.9m | 1.4m | 1.3m | 1.3m | 1.3m | 1.3m | 1.2m | 1.2m | 1.2m | 1.4m | 1.1m | 1.2m | 134,600 | 57,650 | - | - | - | |
160/5 |
1.3m | 1.8m | 1.9m | 1.4m | 1.3m | 1.3m | 1.3m | 1.3m | 1.2m | 1.2m | 1.2m | 1.4m | 1.1m | 1.2m | 134,600 | 57,650 | - | - | - | |
163 |
- | - | - | - | - | - | - | 1.3m | 1.2m | - | - | - | - | - | - | - | - | - | - | |
164/5 |
1.3m | 1.8m | 1.9m | 1.4m | 1.3m | 1.3m | 1.3m | - | 13,500 | 1.2m | 1.2m | 1.4m | 1.1m | 1.2m | 134,600 | - | - | - | - | |
17/49 |
11.1m | 9.4m | 10.2m | 9.9m | 7.8m | 6.9m | 5.1m | 3.8m | 4.0m | 3.9m | 7.6m | 2.3m | 3.7m | 11.5m | 5.0m | 3.0m | 5.0m | 1.5m | 799,797 | |
17 |
2.2m | 1.4m | 2.0m | 2.6m | 2.5m | 2.1m | 2.4m | 1.9m | 2.1m | 2.3m | 2.5m | 509,809 | 515,877 | 579,891 | 239,035 | 316,392 | 353,999 | 327,827 | 302,049 | |
170/4 |
2.2m | 1.4m | 2.0m | 2.6m | 2.5m | 2.1m | 2.4m | 1.9m | 2.1m | 2.3m | 2.5m | 509,809 | 515,877 | 579,891 | 239,035 | 316,392 | 353,999 | 327,827 | 302,049 | |
170 |
- | - | 0 | 50,000 | 75,000 | 93,750 | 118,750 | 143,750 | 168,750 | 193,750 | 218,750 | - | - | - | - | - | - | - | - | |
172 |
351,323 | 483,994 | 638,057 | 977,038 | 1.2m | 1.3m | 1.5m | 1.4m | 1.5m | 1.7m | 1.8m | - | - | - | - | - | - | - | - | |
173 |
1.9m | 935,777 | 1.3m | 1.6m | 1.3m | 764,386 | 860,620 | 356,093 | 420,155 | 380,852 | 442,524 | 509,809 | 515,877 | 579,891 | 239,035 | - | - | - | - | |
42/48 |
8.8m | 7.8m | 7.9m | 7.2m | 5.2m | 4.7m | 2.6m | 1.8m | 1.9m | 1.7m | 5.1m | 1.7m | 3.2m | 10.9m | 4.7m | 2.7m | 4.6m | 1.2m | 497,372 | |
42 |
627,826 | 582,383 | 749,611 | 767,620 | 626,460 | 1.2m | 517,858 | 369,120 | 289,043 | 225,542 | 485,272 | 66,538 | 64,014 | 107,144 | 77,836 | 95,194 | 76,551 | 52,935 | 40,957 | |
43 |
- | - | 0 | - | - | - | - | - | - | - | - | - | - | 4 | - | - | - | - | - | |
430/8 |
- | - | 0 | - | - | - | - | - | - | - | - | - | - | 4 | - | - | - | - | - | |
44 |
2.9m | 1.7m | 1.7m | 3.2m | 2.3m | 1.4m | 450,121 | 580,485 | 399,685 | 836,403 | 1.4m | 528,993 | 988,868 | 1.8m | 453,294 | 680,532 | 623,900 | 180,708 | 194,535 | |
440/4 |
2.9m | 1.7m | 1.7m | 3.2m | 2.3m | 1.4m | 450,121 | 580,485 | 399,685 | 836,403 | 1.4m | 528,993 | 520,386 | 1.8m | 453,294 | 680,532 | 623,900 | 180,708 | 194,535 | |
441 |
- | - | - | - | - | - | - | - | - | - | - | - | 468,482 | - | - | - | - | - | - | |
46 |
4.2m | 3.7m | 3.4m | 1.9m | 924,947 | 928,259 | 416,075 | 1,848 | 334,618 | 262,344 | 2.7m | 317,006 | 924,893 | 7.7m | 3.7m | 1.2m | 1.4m | 919,212 | 236,036 | |
45 |
886,301 | 1.3m | 1.3m | 612,737 | 701,145 | 662,302 | 567,297 | 544,304 | 537,021 | 158,197 | 279,978 | 531,587 | 967,799 | 981,546 | 287,995 | 429,302 | 338,452 | 30,191 | 16,391 | |
450/3 |
173,444 | 407,628 | 296,357 | 177,352 | 175,724 | 72,299 | 58,910 | 114,719 | 227,803 | 43,971 | 54,184 | 118,327 | 608,359 | 598,082 | 109,363 | 349,626 | 243,830 | 6,939 | 2,372 | |
454/9 |
712,857 | 931,731 | 1.0m | 435,385 | 525,421 | 590,003 | 508,387 | 429,585 | 309,218 | 114,226 | 225,794 | 413,261 | 359,440 | 383,464 | 178,632 | 79,676 | 94,622 | 23,252 | 14,019 | |
47/48 |
201,696 | 496,708 | 673,020 | 744,538 | 611,528 | 569,182 | 669,335 | 351,154 | 326,791 | 189,232 | 214,087 | 301,362 | 216,149 | 240,929 | 248,604 | 200,418 | 2.1m | 6,558 | 9,453 | |
492/3 |
60,189 | 192,422 | 290,606 | 27,778 | 27,815 | 52,954 | 47,541 | 28,724 | 10,365 | 10,366 | 11,768 | 23,961 | 27,440 | 14,098 | 6,120 | 51,428 | 1,016 | 639 | 376 | |
| Income statement | ||||||||||||||||||||
70/76A |
24.1m | 30.2m | 42.6m | 28.8m | 23.4m | 23.5m | 22.0m | 17.9m | 11.0m | 8.1m | 14.0m | 18.2m | 19.4m | 20.5m | 8.7m | - | - | - | - | |
70 |
23.5m | 29.6m | 34.5m | 23.5m | 18.9m | 18.4m | 19.6m | 14.7m | 10.4m | 9.3m | 11.4m | 17.6m | 19.5m | 19.8m | 8.9m | - | - | 1.4m | - | |
71 |
-2.1m | -1.3m | 4.4m | 849,912 | 481,726 | 1.4m | -454,277 | 1.0m | 448,035 | -1.3m | 2.1m | 30,297 | -557,964 | 447,169 | -325,096 | - | - | - | - | |
72 |
- | - | - | - | - | - | - | - | - | - | 127,671 | 427,545 | 229,964 | 26,415 | - | - | - | - | - | |
74 |
2.7m | 1.9m | 3.7m | 4.5m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
76A |
3,341 | 1,920 | 3,106 | 2,381 | 176 | 1,676 | 2,512 | - | 4,274 | 3,255 | 294 | 38,162 | 2,989 | - | 43,532 | 234 | - | - | - | |
9900 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.8m | 1.7m | 341,586 | 281,321 | |
60/66A |
24.0m | 28.6m | 40.8m | 27.7m | 22.3m | 22.3m | 20.7m | 17.3m | 10.3m | 8.1m | 14.1m | 17.5m | 16.5m | 18.4m | 8.2m | - | - | - | - | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.2m | - | |
60 |
13.4m | 16.6m | 28.0m | 19.4m | 15.6m | 16.0m | 15.1m | 12.5m | 6.9m | 4.9m | 10.4m | 12.6m | 12.6m | 14.2m | 6.3m | - | - | - | - | |
600/8 |
14.5m | 15.6m | 25.8m | 20.1m | 16.4m | 16.2m | 15.4m | 12.5m | 7.4m | 5.0m | 8.4m | 13.5m | 12.4m | 14.7m | 6.9m | - | - | - | - | |
609 |
-1.1m | 922,432 | 2.2m | -683,131 | -788,615 | -208,578 | -303,505 | 79,777 | -517,605 | -75,606 | 2.0m | -900,039 | 187,836 | -543,983 | -583,991 | - | - | - | - | |
61 |
2.4m | 2.4m | 2.4m | 1.8m | 1.3m | 1.4m | 1.2m | 1.1m | 859,715 | 838,120 | 1.1m | 1.3m | 1.1m | 949,265 | 591,180 | - | - | - | - | |
62 |
7.7m | 8.6m | 8.7m | 5.3m | 4.5m | 4.1m | 3.8m | 2.9m | 1.9m | 1.8m | 2.4m | 2.9m | 2.5m | 1.8m | 940,065 | 765,170 | 427,798 | 153,628 | 100,250 | |
630 |
839,762 | 936,634 | 1.1m | 1.0m | 864,463 | 747,148 | 587,932 | 478,034 | 477,346 | 529,227 | 481,107 | 408,415 | 360,453 | 311,331 | 267,426 | 310,888 | 263,174 | 121,988 | 154,100 | |
631/4 |
103,253 | -20,026 | 60,699 | 2,766 | 28,036 | -121,071 | -4,296 | 109,729 | 58,058 | - | - | - | -117,019 | 78,328 | 17,157 | 21,534 | - | - | - | |
635/8 |
-530,239 | -38,229 | 554,656 | 98,905 | -32,659 | 44,223 | -26,043 | 116,128 | -4,798 | 497 | -248,440 | 305,907 | -87,848 | 1.1m | 76,950 | 57,650 | - | - | - | |
640/8 |
35,414 | 52,023 | 58,658 | 46,301 | 80,205 | 170,806 | 48,090 | 42,267 | 31,179 | 23,926 | 20,147 | 28,984 | 31,701 | 40,175 | 6,737 | 4,266 | 4,190 | 2,640 | 3,052 | |
66A |
78,849 | 28,723 | 15,371 | 5,564 | 4,040 | 600 | 2,999 | 13,110 | - | 21,000 | 4,200 | 32,604 | 589,684 | 91,475 | - | 10,000 | - | 28,464 | 650 | |
9901 |
136,852 | 1.6m | 1.8m | 1.1m | 1.1m | 1.2m | 1.2m | 591,021 | 696,630 | 82,955 | -127,987 | 736,129 | 3.0m | 2.1m | 547,059 | 1.7m | 1.0m | 63,330 | 23,919 | |
75/76B |
319,047 | 508,278 | 629,988 | 157,046 | 245,285 | 94,529 | 123,927 | 70,443 | 70,790 | 31,429 | 39,780 | 49,024 | 106,456 | 68,009 | 90,050 | 55,142 | 40,199 | 28,532 | 24,708 | |
75 |
319,047 | 508,278 | 629,988 | 157,046 | 245,285 | 94,529 | 121,414 | 70,443 | 70,790 | 31,429 | 39,780 | 49,024 | 106,456 | 68,009 | 90,050 | 55,142 | 40,199 | 28,532 | 24,708 | |
750 |
199,173 | 430,738 | 600,892 | 56,622 | 145,277 | 2,169 | 3,172 | 2,058 | 78 | 2,904 | 1,444 | 352 | 24 | - | - | - | - | - | - | |
751 |
43,187 | 47,091 | 1,709 | 1,780 | 8,630 | 12,001 | 7,934 | 99 | 12,778 | 6,519 | 15,199 | 33,381 | 67,419 | 34,218 | 20,248 | - | - | - | - | |
752/9 |
76,686 | 30,449 | 27,387 | 98,643 | 91,378 | 80,360 | 110,308 | 68,285 | 57,934 | 22,006 | 23,137 | 15,291 | 39,013 | 33,791 | 69,801 | - | - | - | - | |
76B |
- | - | - | - | - | 0 | 2,512 | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
126,550 | 86,673 | 163,389 | 62,748 | 72,307 | 62,218 | 67,508 | 72,948 | 73,784 | 77,865 | -22,517 | 430,007 | 39,978 | 35,246 | 211,397 | 223,641 | 54,065 | 18,009 | 18,528 | |
65 |
126,550 | 86,673 | 163,389 | 62,748 | 72,307 | 62,218 | 67,508 | 72,948 | 73,784 | 77,865 | -22,517 | 430,007 | 39,978 | 35,246 | 211,397 | 223,641 | 54,065 | 18,009 | 18,528 | |
650 |
75,668 | 51,454 | 109,134 | 50,390 | 57,605 | 56,397 | 56,222 | 58,872 | 57,886 | 68,475 | 56,949 | 34,232 | 35,976 | 32,816 | 26,740 | - | - | - | - | |
651 |
- | 0 | 5,417 | -7,965 | -2,616 | -10,896 | - | - | 0 | - | -88,783 | 383,783 | - | -261,084 | 141,986 | - | - | - | - | |
652/9 |
50,882 | 35,219 | 48,838 | 20,323 | 17,317 | 16,717 | 11,287 | 14,076 | 15,898 | 9,390 | 9,318 | 11,992 | 4,001 | 263,514 | 42,671 | - | - | - | - | |
66B |
- | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
329,349 | 2.0m | 2.3m | 1.2m | 1.3m | 1.2m | 1.3m | 588,516 | 693,636 | 18,773 | -69,596 | 360,705 | 2.4m | 2.0m | 469,244 | 1.5m | 1.0m | 45,389 | 29,449 | |
67/77 |
78,069 | 459,471 | 451,154 | 310,556 | 314,164 | 371,225 | 380,750 | 204,590 | 138,331 | 1,098 | 1,372 | 156,967 | 672,908 | 856,043 | 178,112 | 341,393 | 234,598 | 3,740 | 147 | |
670/3 |
78,069 | 459,471 | 451,154 | 310,556 | 314,164 | 371,359 | 380,950 | 204,590 | 138,331 | 1,098 | 1,372 | 156,967 | 672,908 | 856,043 | 178,862 | - | - | - | - | |
77 |
- | - | - | - | 0 | 134 | 201 | - | - | - | - | - | - | - | 750 | - | - | - | - | |
9904 |
251,280 | 1.6m | 1.8m | 873,047 | 1.0m | 835,155 | 891,173 | 383,927 | 555,305 | 17,675 | -70,968 | 203,738 | 1.8m | 1.2m | 291,132 | 1.2m | 768,235 | 41,649 | 29,302 | |
789 |
210,500 | 84,200 | 84,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
126,300 | 126,300 | 42,100 | 168,400 | 84,200 | 29,936 | 20,011 | 10,137 | - | - | - | - | - | 504 | 504 | 656,675 | 378,790 | 18,750 | 14,651 | |
9905 |
335,480 | 1.5m | 1.8m | 704,647 | 916,912 | 805,219 | 871,162 | 373,790 | 555,305 | 17,675 | -70,968 | 203,738 | 1.8m | 1.1m | 290,628 | 493,741 | 389,445 | 22,899 | 14,651 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
5.0m | 5.2m | 4.5m | 3.1m | 2.9m | 2.3m | 1.9m | 1.2m | 1.1m | 514,795 | 497,120 | 3.3m | 3.4m | 1.8m | 858,363 | 914,735 | 424,421 | 36,817 | 14,651 | |
14P |
4.7m | 3.7m | 2.6m | 2.4m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
210,500 | 84,200 | 84,200 | - | 0 | 40,261 | 43,558 | 18,719 | 28,000 | 1,000 | - | 10,187 | - | - | - | 154,000 | 3,427 | 1,841 | 733 | |
691 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 140,000 | - | - | - | |
6920 |
- | - | - | - | 0 | 40,261 | 43,558 | 18,719 | 28,000 | 1,000 | - | 10,187 | - | - | - | 14,000 | 3,427 | 1,841 | 733 | |
6921 |
210,500 | 84,200 | 84,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
201,852 | 496,636 | 675,212 | 525,534 | 489,235 | 331,645 | 314,456 | 200,000 | 200,000 | - | - | 2.8m | 250,000 | 150,000 | 250,000 | 193,000 | - | - | - | |
694 |
100,800 | 250,000 | 340,000 | 200,000 | 300,000 | 200,000 | 200,000 | 200,000 | 200,000 | - | - | 2.8m | 250,000 | 150,000 | 250,000 | 193,000 | - | - | - | |
696 |
101,052 | 246,636 | 335,212 | 325,534 | 189,235 | 131,645 | 114,456 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
116.4 | 135.6 | 142.8 | 92 | 85.6 | 76 | 73 | 60 | 41.3 | 42.6 | 52.1 | 54.6 | 50.7 | 37.4 | 22.5 | 17.8 | 11.8 | 5.6 | 2.4 | |
Men (FTE)1003 |
100.2 | 115.3 | 121.2 | 81.5 | 76.3 | 67.7 | 65.1 | 54.2 | 36.9 | 38.5 | 47.3 | 47.8 | 45.7 | - | - | - | - | - | - | |
Women (FTE)1003 |
16.2 | 20.3 | 21.6 | 10.5 | 9.3 | 8.3 | 7.9 | 5.8 | 4.4 | 4.1 | 4.8 | 6.8 | 5 | - | - | - | - | - | - | |
Agency workers1501 |
0.1 | 0.1 | 0.2 | 0.7 | 0.4 | 0.5 | 0.3 | 0.3 | 0.2 | 0.3 | 0.7 | - | - | - | 2.3 | - | - | - | - | |
Hours worked1013 |
174,780 | 204,128 | 213,384 | 150,480 | 128,435 | 117,219 | 114,287 | 91,923 | 58,883 | 58,451 | 72,167 | 83,753 | 78,617 | 63,994 | 37,157 | 30,861 | 19,825 | 9,696 | 6,118 | |
| Document | ||||||||||||||||||||
The notes to these accounts have 135 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 14-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 14-07-2026 | 2026-00288578 | |
| 31-12-2024 | unclassified schema | 30-07-2025 | 2025-00348594 | |
| 31-12-2023 | unclassified schema | 11-07-2024 | 2024-00238092 | |
| 31-12-2022 | unclassified schema | 28-08-2023 | 2023-00359053 | |
| 31-12-2021 | unclassified schema | 14-07-2022 | 2022-20189126 | |
| 31-12-2020 | unclassified schema | 01-07-2021 | 2021-29000045 | |
| 31-12-2019 | full format | 17-07-2020 | 2020-30800528 | |
| 31-12-2018 | full format | 20-08-2019 | 2019-49000362 | |
| 31-12-2017 | full format | 06-07-2018 | 2018-30400330 | |
| 31-12-2016 | full format | 02-08-2017 | 2017-39700096 | |
| 31-12-2015 | full format | 30-06-2016 | 2016-25000454 | |
| 31-12-2014 | full format | 17-07-2015 | 2015-31300073 | |
| 31-12-2013 | full format | 25-07-2014 | 2014-36000284 | |
| 31-12-2012 | full format | 02-08-2013 | 2013-39400600 | |
| 31-12-2011 | full format | 03-07-2012 | 2012-24900095 | |
| 31-12-2010 | full format | 05-07-2011 | 2011-26300249 | |
| 31-12-2009 | full format | 28-07-2010 | 2010-35200112 | |
| 31-12-2008 | full format | 09-07-2009 | 2009-39000181 | |
| 31-12-2007 | full format | 08-07-2008 | 2008-37300194 | |
| 31-12-2006 | full format | 13-06-2007 | 2007-22500241 |
| Line | Trend | 2025 | 2024 | 2023 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 976,615 | 2.6m | 2.9m | 2.1m | 2.0m | 1.9m | 1.8m | 1.1m | 1.2m | 612,182 | 353,120 | 1.1m | 3.3m | 2.4m | 814,485 | 2.0m | 1.3m | 185,318 | 178,019 | ||
| 1.1m | 2.5m | 2.9m | 1.9m | 1.9m | 1.6m | 1.5m | 861,961 | 1.0m | 546,902 | 410,139 | 612,152 | 2.1m | 1.5m | 558,557 | 1.5m | 1.0m | 163,637 | 183,402 | ||
| 1.8m | 294,485 | 355,039 | 1.7m | 1.2m | 904,589 | 2.2m | 468,780 | 316,198 | 194,289 | 4.2m | 867,254 | 712,205 | 970,286 | 307,745 | 484,787 | 487,597 | 201,143 | 499,460 | ||
| 712,599 | 179,651 | - | -169,802 | -381,367 | 519,091 | 134,370 | -136,965 | -699,142 | 549,702 | -150,991 | -2.6m | 2.6m | 782,139 | 1,952 | -33,933 | 142,415 | 83,297 | - | ||
| 4.8m | 5.3m | 4.1m | 4.0m | 3.6m | 3.1m | 2.9m | 3.5m | 3.1m | 2.7m | 2.3m | 3.9m | 4.0m | 3.3m | 1.5m | 1.6m | 667,516 | 111,456 | 101,852 | ||
| 0.6% | 5.5% | 5.2% | 4.6% | 6.1% | 6.4% | 6.2% | 4.0% | 6.7% | 0.9% | -1.1% | 4.2% | 15.2% | 10.4% | 6.1% | - | - | 4.7% | - | ||
| 36.2% | 38.4% | 33.0% | 36.9% | 41.0% | 41.2% | 45.3% | 48.2% | 46.6% | 45.2% | 32.6% | 52.2% | 47.9% | 18.7% | 27.4% | 38.6% | 15.8% | 10.6% | 15.4% | ||
| 1.54 | 1.67 | 1.52 | 1.55 | 1.69 | 1.65 | 2.12 | 2.87 | 2.67 | 2.61 | 1.45 | 3.23 | 2.26 | 1.30 | 1.32 | 1.59 | 1.14 | 1.09 | 1.20 | ||
| 1.17 | 1.37 | 0.90 | 1.00 | 1.20 | 1.29 | 1.65 | 2.30 | 2.11 | 2.35 | 0.96 | 1.87 | 1.77 | 1.10 | 1.07 | 1.24 | 0.82 | 0.62 | 0.36 | ||
| 1.58 | 1.35 | 1.72 | 1.50 | 1.24 | 1.20 | 0.97 | 0.80 | 0.88 | 0.93 | 1.79 | 0.56 | 0.83 | 3.93 | 2.58 | 1.56 | 5.32 | 8.42 | 5.48 | ||
| 3.6% | 22.6% | 30.5% | 13.2% | 16.0% | 14.5% | 16.8% | 8.1% | 12.2% | 0.4% | -1.7% | 5.0% | 39.7% | 39.3% | 15.0% | 59.4% | 82.2% | 23.1% | 20.1% | ||
| 1.3% | 8.7% | 10.1% | 4.9% | 6.5% | 6.0% | 7.6% | 3.9% | 5.7% | 0.2% | -0.5% | 2.6% | 19.0% | 7.3% | 4.1% | 22.9% | 13.0% | 2.5% | 3.1% | ||
| 12.91 | 49.69 | 26.19 | 41.71 | 34.84 | 34.07 | 32.08 | 18.16 | 20.28 | 8.94 | 6.20 | 33.44 | 92.29 | 72.41 | 30.46 | - | - | - | - | ||
| 59 days | 75 days | 55 days | 67 days | 75 days | 74 days | 53 days | 62 days | 71 days | 62 days | 95 days | 28 days | 33 days | 90 days | 94 days | - | - | 51 days | - | ||
| 66 days | 32 days | 21 days | 55 days | 50 days | 29 days | 10 days | 16 days | 19 days | 53 days | 45 days | 14 days | 26 days | 45 days | 24 days | - | - | 53 days | - |
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.
Total €23,519,111
Source: 2025 accounts, page 30, filing 2026-00288578
Total €18,880,904
Source: 2020 accounts, page 24, filing 2021-29000045
| By activity | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Photovoltaïque | - | - | - | - | - | - | - | - | - | €15,658,253 | €14,003,065 | €14,532,518 | €17,574,562 | €21,567,639 | €27,455,802 | €20,257,102 | €13,047,150 |
| Autres | €108,075 | €133,749 | €381,340 | €867,661 | €2,015,927 | €6,096,412 | €3,581,243 | €3,487,138 | €4,364,808 | €3,905,608 | €4,374,548 | €4,348,386 | €5,903,284 | €7,150,682 | €7,075,841 | €9,374,671 | €10,471,961 |
| Panneaux solaires | €9,540,123 | €8,773,896 | €19,380,062 | €18,596,885 | €15,579,637 | €5,283,306 | €5,698,427 | €6,869,788 | €10,368,773 | - | - | - | - | - | - | - | - |
| Total | €9,648,198 | €8,907,645 | €19,761,401 | €19,464,546 | €17,595,564 | €11,379,718 | €9,279,670 | €10,356,926 | €14,733,581 | €19,563,861 | €18,377,613 | €18,880,904 | €23,477,846 | €28,718,321 | €34,531,643 | €29,631,773 | €23,519,111 |
| By geographic market | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Belgique | €9,648,198 | €8,907,645 | €19,761,401 | €19,464,546 | €17,414,836 | €11,203,528 | €7,998,025 | €9,688,463 | €13,354,524 | €18,329,115 | €17,983,651 | €17,770,870 |
| Export | - | - | - | - | - | - | - | - | - | €1,234,747 | €393,962 | €1,110,034 |
| Autres | - | - | - | - | €180,728 | €176,190 | €1,281,645 | €668,464 | €1,379,057 | - | - | - |
| Total | €9,648,198 | €8,907,645 | €19,761,401 | €19,464,546 | €17,595,564 | €11,379,718 | €9,279,670 | €10,356,926 | €14,733,581 | €19,563,862 | €18,377,613 | €18,880,904 |
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 114 | 118 | 135 | 107 |
| full-time | 101 | 106 | 120 | 93 |
| part-time | 13 | 12 | 15 | 14 |
| in full-time equivalents | 110.4 | 115.2 | 131.9 | 103.4 |
| 116.4 | 135.6 | 142.8 | 92 | |
| On a permanent contract | 106 | 117 | 124 | 93 |
| Joined | 42 | 43 | 83 | 41 |
| Left | 46 | 60 | 72 | 17 |
| Agency workers, average number | 0.1 | 0.1 | 0.2 | 0.7 |
| Training hours | 2,205 | 3,434 | 3,602 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2021 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €2.9m | €2.0m | €2.7m | €3.4m |
| €3.9m | €3.9m | €3.9m | €2.3m | |
| Mandates to pledge the business | - | - | - | €260,000 |
| Carrying value of the other pledged assets | €1.5m | €1.7m | €1.9m | €2.3m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €248,162 | €149,867 | €353,139 | €1.0m |
| Intangible fixed assets | €22,889 | €133,518 | - | €2,660 |
| Financial fixed assets | €1.5m | €11,100 | €1,900 | €662,600 |
| €839,762 | €936,634 | €1.1m | €1.0m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The auditor is AXYLIUM AUDIT.
| Item | 2025 | 2024 | 2023 | 2021 |
|---|---|---|---|---|
| Fee for the audit | €14,500 | €10,770 | €9,190 | €8,000 |
| Other work by the auditor | €500 | €800 | €750 | €750 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
The operating result for 2025 is 92% lower than in 2024 and the lowest since 2015. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 51.7% to 57.2%. Equity and debt are higher.
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 2025 accounts. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
| SOLEA INVEST
registered office since 10-09-2021 · founded in 2021 |
turnover €714,149 (2025) 0773.754.053 |
| ELTO BELUX
establishment since 28-12-2020 · founded in 2020 · negative equity (2024) · accounts filed late |
3.8 FTE (2024) 0760.605.011 |
| SOLAIRFIN
registered office since 23-04-2008 · founded in 2008 |
total assets €967,261 (2025) 0897.091.929 |
| ENERIMMO
registered office since 21-05-2013 · founded in 2013 · negative equity (2025) |
total assets €232,864 (2025) 0525.755.638 |
| PART-ENER
registered office since 05-07-2023 · founded in 2023 |
total assets €228,760 (2026) 0803.626.489 |
| SM ENERSOL - AZIMUT 360
registered office since 01-01-2022 |
founded in 2021 0781.434.770 |
| Fondation ENERSOL
registered office since 23-12-2020 |
founded in 2020 0760.444.168 |
| SM ENERSOL - ELOY - CMI
registered office since 13-12-2019 |
founded in 2019 0739.562.642 |
Source for every holding own accounts 2025
| Name | 2008 | 2009 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VOLTECO | 69.35% | ||||||||||||||
| SOLEA INVEST | 100% | 51% | |||||||||||||
| ENERSOL BRASILBR | 50% | ||||||||||||||
| L'ECOLE-LOGIS D'AUBEL | 99.8% | 33.32% | 26.09% | ||||||||||||
| PART-ENER | 17.7% | ||||||||||||||
| ELTO BELUX | 49% | ||||||||||||||
| SOL+ | 48% | 98% | |||||||||||||
| L'AMBA | 17% | 68.97% | |||||||||||||
| SOLEIL VERT | 35% | ||||||||||||||
| EnEcopRW | 50% | ||||||||||||||
| XPIR | 45% | ||||||||||||||
| SOLAIRFIN | 90% | ||||||||||||||
Source: list of holdings in its own accounts
The network starts from the directors of ENERSOL. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue de Maestricht 70 registered office 4651 Herve | 04-07-2005 | 2.147.735.002 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 63015B0684/00K000 | 1.0 ha | 1 · 653 m² | 14.6 m · 3 |
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 0874.697.993
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