Full Solar
ActiveSummary
The computed 12-month bankruptcy probability of Full Solar is 3.7% (moderate). The annual accounts of Full Solar for fiscal year 2024 show a net loss of 89% of the equity at the start of that year. The 2024 annual accounts show equity of €1k and a net result of €-11k. Equity is shrinking by ~40.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 10% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-100
Solvency27▼-72
Growth22▼-48
Track record94
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
cash: 65.1% of total assets, and 97.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
2.3%
Return on assets
-19.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-09-2025, 32 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
32 d late
2023
68 d late
2022
7 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€46k▼ 26.8%
2023 · €62k
2022: €58k
2023: €62k
2022 → 2024
EBIT margin
-23.0%▼ 31.2pp
2023 · 8.2%
2022: -4.4%
2023: 8.2%
2022 → 2024
Net result
€-11k
2023 · €5k
2022: €-3k
2023: €5k
2022 → 2024
Working capital
€12k▲ 43.1%
2022 · €9k
2022: €9k
2022 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€58k-€62k▲ 6.8%€46k▼ 26.8%
Equity€7k-€12k▲ 68.5%€1k▼ 89.1%
Operating result€-3k-€5k€-11k
Net result€-3k-€5k€-11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €11k after €5k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €58k
Fixed assets
€19k
Current assets
€39k
Equity and liabilities €58k
Equity
€1k ▼ 89.1%
Debt
€57k ▲ 1,161%
Debt's share of the balance-sheet total rises from 26.5% to 97.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k
Cash flow
€-7k
Debt to equity
41.79▲
2023 · 0.36
ROE
-821.4%▼
2023 · 40.6%
ROA
-19.2%▼
2023 · 29.9%
Interest coverage
-109.14
Debt > 1 year
€57k
Income taxes
€548
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€17k€58k▲
Fixed assets21/28-€19k
Tangible fixed assets22/27-€19k
Furniture and vehicles24-€19k
Current assets29/58€17k€39k▲
Amounts receivable after more than one year29-€1k
Trade receivables290-€0
Other amounts receivable291-€1k
Amounts receivable within one year40/41€6k-
Trade receivables40€4k-
Other amounts receivable41€2k-
Current investments50/53€11k-
Cash at bank and in hand54/58-€38k
Equity and liabilities
Total equity and liabilities10/49€17k€58k▲
Equity10/15€12k€1k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€2k€-9k▼
Amounts payable17/49€4k€57k▲
Amounts payable after more than one year17-€57k
Financial debts170/4-€25k
Trade debts175-€2k
Advances received on contracts in progress176-€0
Other amounts payable178/9-€30k
Amounts payable within one year42/48€4k-
Trade debts44€3k-
Suppliers440/4€3k-
Advances received on contracts in progress46€2k-
Income statement
Code20232024
Turnover70€62k€46k▼
Non-recurring operating income76A€2€0▼
Goods, raw materials, services and sundry goods60/61€57k€51k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€4k
Other operating charges640/8€497€761▲
Gross operating margin9900€6k€-6k▼
Operating profit (loss)9901€5k€-11k▼
Financial charges65/66B€40€59▲
Recurring financial charges65€39€59▲
Non-recurring financial charges66B€1€0▼
Profit (loss) for the period before taxes9903€5k€-11k▼
Income taxes67/77-€548
Profit (loss) for the period9904€5k€-11k▼
Profit (loss) for the period to be appropriated9905€5k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-9k▼
Profit (loss) brought forward from the previous period14P€-3k€2k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
31-12
Financial
Weakest financial yearnet €-11k ▼319%
Net result drops to €-11k, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Boechout · 1 establishment unit since 2021
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.
Appelkantstraat 372530 BoechoutGround area
355 m²
Building footprint
81 m²
Volume, LiDAR
515 m³
Parcel 11004D0253/00P002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Full Solar
since 20212.324.622.816
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004D0253/00P002 | Flanders | 354 m² | 1 · 81 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ELECTRICITEITSWERKEN GEYBELS PETRO
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BEVEX
BE 0829.966.741
Antwerpen · Eq €1,335
GLOBAL ELECTRIC
BE 1004.042.941
Waremme · Eq €1,375
Elektro Blihi
BE 1031.289.053
Duffel · Eq €1,376
RENOVA-NASS
BE 0739.709.528
Ronse · Eq €1,384
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 1,252 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.fullsolar.be
E-mail:info@fullsolar.be