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NACHTERGAELE SOLAR

Active
Private limited companyfounded 1997active for 29 yearsBlauwesteen 39, 9600 Ronse, BelgiumKBO/BCE: BE 0459.967.664
Summary

NACHTERGAELE SOLAR has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94,941 and a net result of €2,428. Equity is growing by about 30% per year across the filed financial years. Its solvency ranks better than 72% of 34,678 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisFollow ReportCompare
NACHTERGAELE SOLARActiveChecked score 69/100
Risk analysis ReportCompare

Overview

Activity
Other building finishing work
NACE 43350Roofing work NACE 43410
2 sites
Size
€142,134total assets 2025
Staff
3 FTE
Equity
€94,941
Profit
€2,428
Turnover not published (micro format)
Financial health
69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
  • Caelys BVDirector · permanent representative Youta Nachtergaele
  • NACHTERGAELE EddyDirector
Accounts filed 17 days late2 of 4 deeds read
Why 69raises riskSector: Specialised construction activities (NACE 43)Latest accounts 17 days late; 1 of the last 3 lateSize: total assets €142,134lowers riskFounded in 1997Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 46% of its sector peers (NACE 43, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 92+1
equity 66.8% of total assets
Liquidity 42-11
short-term debt 33.2% · cash 5.2%
Profitability 71-13
return on assets 1.7%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,613 companies, NACE 43, micro)
Last 24 months 11-2024: 1.1% 12-2024: 1.1%● unchanged vs 11-2024 01-2025: 1.1%● unchanged vs 12-2024 02-2025: 1.1%● unchanged vs 01-2025 03-2025: 1.0%▼ -0.1 percentage points vs 02-2025 04-2025: 1.1%▲ +0.1 percentage points vs 03-2025 05-2025: 1.0%▼ -0.1 percentage points vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025 07-2025: 1.2%▲ +0.2 percentage points vs 06-2025highest value 08-2025: 0.4%▼ -0.8 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026lowest value 07-2026: 0.5%▲ +0.1 percentage points vs 06-2026 08-2026: 0.9%▲ +0.4 percentage points vs 07-2026 09-2026: 0.7%▼ -0.2 percentage points vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.85, compared with 2.75 in 2024, above the usual 1.5; short-term debt: 33.2% and cash: 5.2% of total assets), and 33.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, micro): better than 73% on solvency, 32% on liquidity, 40% on profitability and 42% on growth.

The bankruptcy probability was computed on 23-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1997
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Latest accounts 17 days late; 1 of the last 3 late
NBB · filings
raises risk · Size: total assets €142,134
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
17 days late
2024
3 days early
2023
68 days late
2022
431 days late
2021
796 days late
2020
153 days late
2019
153 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 231 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 October (4 of the last 5 filed years within 362 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Weakest financial yearnet €2,428 ▼85.4%
  3. Resignation: Youta Nachtergaele (director)Appointment: BV Caelys (director) ·…

Key points

  • Positive: 8 profitable years in a rowprofit 2025: €2,428 8 years View
  • Among the largest 10% on gross marginsector median €39,334 · 34,638 companies €203,693 View
  • Board2 directors in office 2 View

By topic

Financials

Financial year
2025
Total assets
€142,134
Profit
€2,428
Solvency
66.8%
Total assets▲ 1.0%
Net result
20182025
Go to Financials

Timeline

Events
33
Since
1998
Next accounts
by 31-07-2027
  1. 28-07-2025Annual accounts filed
  2. 07-10-2024Annual accounts filed
  3. 04-10-2024Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Other building finishing workNACE 43350
Founded
17-02-1997
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
19
Annual meeting
Last Saturday of June at 10:00
Purpose
“Renovaties,restauraties,onderhoud en verbouwingen van gebouwen; Oprichten van gebouwen…” (deed in Dutch)
Go to Articles of association

Key facts about NACHTERGAELE SOLAR

What is the company number of NACHTERGAELE SOLAR?
0459.967.664. In Belgium the VAT number is the company number with BE in front: BE 0459.967.664.
Where is NACHTERGAELE SOLAR based?
The registered office is at Blauwesteen 39, 9600 Ronse.Company details
What does NACHTERGAELE SOLAR do?
According to the KBO register, the main activity is other building finishing work (NACE 43350).
What is the legal form of NACHTERGAELE SOLAR?
Private limited company (BV).
When was NACHTERGAELE SOLAR founded?
On 17-02-1997.
Is NACHTERGAELE SOLAR still active?
Yes, NACHTERGAELE SOLAR is an active enterprise in the KBO register.
How many employees does NACHTERGAELE SOLAR have?
On average 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of NACHTERGAELE SOLAR?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is NACHTERGAELE SOLAR profitable?
In financial year 2025, NACHTERGAELE SOLAR made a profit of €2,428.
Where can I find the annual accounts of NACHTERGAELE SOLAR?
NACHTERGAELE SOLAR filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of NACHTERGAELE SOLAR due?
By 31-07-2027, for financial year 2026.Timeline

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