MARS-SOLAR
Open bankruptcyA bankruptcy procedure is open for MARS-SOLAR according to publications in the Belgian State Gazette; curator: MIEKE VERPLANCKE.
Summary
The 2022 annual accounts show equity of €193,612 and a net result of €119,130.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ghent division
- Declared bankrupt
- 7 June 2024
- Supervising judge
- Peter Van den Bossche
- Official Gazette
- 13-06-2024 (pdf) ↗search the document for 2024/124277
Deadlines
- Provisional date payments stopped
- 6 June 2024Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 28 June 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 7 July 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 12 July 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 7 June 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Mieke VerplanckeZuidstationstraat 34-36, 9000 Gentmieke.verplancke@vaneeghem.com
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 29-09-2023, 60 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
60 d late
2021
127 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 94 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the General electrical installation work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, abbreviated schema
Equity
€193,612▲ 160%
2021 · €74,482
Total assets
€4.4m▲ 908%
2021 · €433,074
Net result
€119,130▲ 69.0%
2021 · €70,482
Working capital
-€9,146
2021 · €55,114
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022
Operating result€88,075-€171,455▲ 94.7%
Net result€70,482within the sector's middle half-€119,130within the sector's middle half▲ 69.0%
Equity€74,482below the sector's middle half-€193,612within the sector's middle half▲ 160%
Total assets€433,074within the sector's middle half-€4.4mabove the sector's middle half▲ 908%
Debt€358,593-€4.2m▲ 1,063%
Working capital€55,114within the sector's middle half--€9,146below the sector's middle half
Solvency17.2%below the sector's middle half-4.4%below the sector's middle half▼ 12.8pp
Current ratio1.17below the sector's middle half-1.00below the sector's middle half▼ 0.17
Return on assets (ROA)16.3%above the sector's middle half-2.7%within the sector's middle half▼ 13.5pp
Staff (FTE)2.6within the sector's middle half-22above the sector's middle half▲ 746%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2022; 2022 is 95% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €4.4m
Fixed assets
€306,449 ▲ 562%
Current assets
€4.1m ▲ 949%
Equity and liabilities €4.4m
Equity
€193,612 ▲ 160%
Debt
€4.2m ▲ 1,063%
Debt's share of the balance-sheet total rises from 82.8% to 95.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€208,569▲
2021 · €91,482
Cash flow
€156,245▲
2021 · €73,889
Quick ratio
0.68▼
2021 · 0.95
Debt to equity
21.54▲
2021 · 4.81
ROE
61.5%▼
2021 · 94.6%
Interest coverage
23.41▼
2021 · 310.48
Debt ≤ 1 year
€4.1m▲
2021 · €331,685
Debt > 1 year
€103,692▲
2021 · €26,908
Income taxes
€43,442▲
2021 · €17,300
Staff costs
€859,871▲
2021 · €72,971
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €72,971 | €859,871 | ▲ 1,078% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,407 | €37,115 | ▲ 989% |
| Other operating charges640/8 | €939 | €11,343 | ▲ 1,108% |
| Gross operating margin9900 | €165,392 | €1.1m | ▲ 553% |
| Operating profit (loss)9901 | €88,075 | €171,455 | ▲ 94.7% |
| Financial income75/76B | €1 | €26 | ▲ 2,437% |
| Recurring financial income75 | €1 | €26 | ▲ 2,437% |
| Financial charges65/66B | €295 | €8,908 | ▲ 2,923% |
| Recurring financial charges65 | €295 | €8,908 | ▲ 2,923% |
| Profit (loss) for the period before taxes9903 | €87,781 | €162,573 | ▲ 85.2% |
| Income taxes67/77 | €17,300 | €43,442 | ▲ 151% |
| Profit (loss) for the period9904 | €70,482 | €119,130 | ▲ 69.0% |
| Profit (loss) for the period to be appropriated9905 | €70,482 | €119,130 | ▲ 69.0% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €433,074 | €4.4m | ▲ 908% |
| Fixed assets21/28 | €46,276 | €306,449 | ▲ 562% |
| Intangible fixed assets21 | - | €2,546 | - |
| Tangible fixed assets22/27 | €46,276 | €285,323 | ▲ 517% |
| Plant, machinery and equipment23 | €7,023 | €4,503 | ▼ 35.9% |
| Furniture and vehicles24 | €39,253 | €280,820 | ▲ 615% |
| Financial fixed assets28 | - | €18,581 | - |
| Current assets29/58 | €386,798 | €4.1m | ▲ 949% |
| Stocks and contracts in progress3 | €70,325 | €1.3m | ▲ 1,742% |
| Stocks30/36 | €49,270 | €755,142 | ▲ 1,433% |
| Contracts in progress37 | €21,055 | €540,267 | ▲ 2,466% |
| Amounts receivable within one year40/41 | €110,570 | €2.0m | ▲ 1,749% |
| Trade receivables40 | €63,512 | €1.8m | ▲ 2,717% |
| Other amounts receivable41 | €47,058 | €255,599 | ▲ 443% |
| Cash at bank and in hand54/58 | €205,903 | €716,492 | ▲ 248% |
| Deferred charges and accrued income490/1 | - | €711 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €433,074 | €4.4m | ▲ 908% |
| Equity10/15 | €74,482 | €193,612 | ▲ 160% |
| Contributions10/11 | €4,000 | €4,000 | = |
| Reserves13 | €70,000 | €187,500 | ▲ 168% |
| Distributable reserves133 | €70,000 | €187,500 | ▲ 168% |
| Profit (loss) carried forward14 | €482 | €2,112 | ▲ 339% |
| Amounts payable17/49 | €358,593 | €4.2m | ▲ 1,063% |
| Amounts payable after more than one year17 | €26,908 | €103,692 | ▲ 285% |
| Financial debts170/4 | €26,908 | €103,692 | ▲ 285% |
| Amounts payable within one year42/48 | €331,685 | €4.1m | ▲ 1,126% |
| Current portion of amounts payable after more than one year42 | €10,499 | €46,588 | ▲ 344% |
| Financial debts43 | €145,000 | €317,574 | ▲ 119% |
| Credit institutions430/8 | €145,000 | €317,574 | ▲ 119% |
| Trade debts44 | €45,366 | €1.1m | ▲ 2,398% |
| Suppliers440/4 | €45,366 | €1.1m | ▲ 2,398% |
| Advances received on contracts in progress46 | €83,425 | €2.5m | ▲ 2,844% |
| Taxes, remuneration and social security45 | €37,859 | €106,456 | ▲ 181% |
| Taxes450/3 | €17,333 | €12,956 | ▼ 25.3% |
| Remuneration and social security454/9 | €20,527 | €93,500 | ▲ 356% |
| Other amounts payable47/48 | €9,535 | €7,147 | ▼ 25.0% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €70,482 | €119,130 | ▲ 69.0% |
| + Depreciation and write-downs630 | €3,407 | €37,115 | ▲ 989% |
| Operating cash flow (approximation) | €73,889 | €156,245 | ▲ 111% |
| Investment in fixed assets (approximation) | - | -€297,288 | - |
| Change in cash | - | €510,589 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
13-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 07-06-2024
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial
Equity above €150,000Eq €193,612 ▲160%
2 profitable years in a row build equity to €193,612.
05-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 127 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Gent · 1 establishment unit since 2021
Ground area
4,237 m²
Building footprint
1,979 m²
Volume, LiDAR
32,545 m³
Parcel 44021A2756/02F002, Flanders · tallest building 21.3 m, ±5 floors. Linked by address, not a title deed.
36
companies at this address
See who is registered here
1 establishment unit
MARS-SOLAR
since 20212.312.460.204
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A2756/02F002 | Flanders | 4,237 m² | 1 · 1,979 m² | 21.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MIEKE VERPLANCKE ZUIDSTATIONSTRAAT 34-36,
9000 GENT |
07-06-2024 → present |
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 2,009 EUR awarded · 1,923 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,259 EUR | 1,173 EUR |
| 2022 | 1 | 750 EUR | 750 EUR |
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Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 8,317 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
E-mail
info@marssolar.beGent
Phone
092863576Gent
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.