Hasco Solar Invest
InactiveInactive since 24-07-2026; last annual accounts for fiscal year 2025. Dissolved without liquidation on 01-04-2026.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-593
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 279 sector peers (2025).
NBB · sector comparisonPosition among 279 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-04-2026, 61 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 · 6 filingsDeviation from the deadline
2025
61 d late
2024
55 d late
2023
63 d early
2022
70 d early
2021
60 d early
2020
72 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€22k▼ 2.6%
2024 · €23k
2020: €24k
2021: €39k
2022: €69k
2023: €43k
2024: €23k
2020 → 2025
Total assets
€1.11M▼ 5.2%
2024 · €1.17M
2020: €207k
2021: €1.49M
2022: €1.39M
2023: €1.27M
2024: €1.17M
2020 → 2025
Net result
€-593▲ 97.2%
2024 · €-21k
2020: €5k
2021: €15k
2022: €30k
2023: €-26k
2024: €-21k
2020 → 2025
Working capital
€-25k
2024 · €185k
2020: €-151k
2021: €143k
2022: €186k
2023: €183k
2024: €185k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€69k▲ 77.9%€43k▼ 37.1%€23k▼ 48.1%€22k▼ 2.6%
Operating result€33k-€59k▲ 79.0%€3k▼ 94.6%€3k▲ 8.7%€26k▲ 636%
Net result€15k-€30k▲ 97.8%€-26k€-21k▲ 18.5%€-593▲ 97.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 636% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.11M
Fixed assets
€998k ▲ 17.9%
Current assets
€115k ▼ 64.9%
Equity and liabilities €1.11M
Equity
€22k ▼ 2.6%
Debt
€1.09M ▼ 5.2%
Debt's share of the balance-sheet total falls from 98.1% to 98.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€170k▲
2024 · €133k
Cash flow
€144k▲
2024 · €109k
Current ratio
0.82▼
2024 · 2.30
Debt to equity
49.73▼
2024 · 51.10
ROE
-2.7%▲
2024 · -92.8%
ROA
-0.1%▲
2024 · -1.8%
Interest coverage
5.87▲
2024 · 4.38
Debt ≤ 1 year
€140k▼
2024 · €142k
Debt > 1 year
€950k▼
2024 · €1.00M
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 · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.17M€1.11M▼
Fixed assets21/28€847k€998k▲
Tangible fixed assets22/27€845k€996k▲
Plant, machinery and equipment23€845k€996k▲
Financial fixed assets28€2k€2k=
Current assets29/58€327k€115k▼
Amounts receivable within one year40/41€231k€108k▼
Trade receivables40€77k€108k▲
Other amounts receivable41€155k-
Cash at bank and in hand54/58€79k-
Deferred charges and accrued income490/1€17k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.11M▼
Equity10/15€23k€22k▼
Contributions10/11€19k€19k=
Reserves13€51k€51k=
Distributable reserves133€51k€51k=
Profit (loss) carried forward14€-47k€-47k▼
Amounts payable17/49€1.15M€1.09M▼
Amounts payable after more than one year17€1.00M€950k▼
Financial debts170/4€1.00M€950k▼
Amounts payable within one year42/48€142k€140k▼
Current portion of amounts payable after more than one year42€135k€55k▼
Trade debts44€3k€59k▲
Suppliers440/4€3k€59k▲
Taxes, remuneration and social security45€4k€4k▲
Taxes450/3€4k€4k▲
Other amounts payable47/48-€22k
Accrued charges and deferred income492/3€4k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130k€145k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€134k€171k▲
Operating profit (loss)9901€3k€26k▲
Financial income75/76B€6k€3k▼
Recurring financial income75€6k€3k▼
Financial charges65/66B€30k€29k▼
Recurring financial charges65€30k€29k▼
Profit (loss) for the period before taxes9903€-21k€-593▲
Profit (loss) for the period9904€-21k€-593▲
Profit (loss) for the period to be appropriated9905€-21k€-593▲
Appropriation of the result
Profit (loss) to be appropriated9906€-47k€-47k▼
Profit (loss) brought forward from the previous period14P€-26k€-47k▼
The notes to these accounts (15 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
31-07
State Gazette act
Restructuring · End & cessationMerger · Dissolution · Accounting effect6 facts ▸
State Gazette act
Restructuring · End & cessation
Merger · Dissolution · Accounting effect6 facts ▸
- General meeting, 24/06/2026
- Merger, Geruisloze fusie door overname, 01/04/2026
- Dissolution, 01-04-2026
- Accounting effect, 01/04/2026
- Power of attorney, Edey Dennis David
- Power of attorney, Haenen Eric
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 61 days late
2025
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 55 days late
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-26k ▼185%
Net result drops to €-26k, the lowest in the series.
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Highest result since 2020net €30k ▲97.8%
Operating result €59k, net result €30k, both a record.
2021
02-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Liquidity times 12current ratio 2.19
Current ratio from 0.18 to 2.19; short-term debt falls from €183k to €120k.
2020
20-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Alken
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.
Steenweg 1943570 AlkenGround area
8,766 m²
Building footprint
460 m²
Volume, LiDAR
3,950 m³
Parcel 73001B0583/00E000, Flanders · tallest building 15.5 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73001B0583/00E000 | Flanders | 8,766 m² | 1 · 459 m² | 15.5 m · 3 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.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:Hasco
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 13,610 EUR awarded · 10,888 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 10,888 EUR |
| 2022 | 1 | 13,610 EUR | 0 EUR |
Schemes
Call groene stroom (stopgezet)
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Of 563 companies in sector 35150 we hold annual accounts for 230. 104 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
Founded04-02-2019
Fiscal year end30-06
Activities, NACEBEL 2025
35150Electricity, gas, steam and air conditioning supply
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.