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PUBLISOLAR

Active
Public limited companyfounded 2007active for 18 yearsAvenue Jean Monnet 2, 1348 Ottignies-Louvain-la-Neuve, BelgiumKBO/BCE: BE 0894.767.491
Summary

PUBLISOLAR has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€280,212) and a net result of -€23,699. Equity remains stable across the filed financial years (±2.4% per year). Its solvency ranks better than 6% of 792 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Other professional, scientific and technical activities
NACE 74999
45 sites
Size
€164,028total assets 2025
Equity
-€280,212
Loss
-€23,699
Financial health
55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Largest shareholder
ENERGIE BRABANT WALLON · 49%
Accounts filed 61 days late0 of 15 deeds read
Why 55raises riskCapped at 59: negative equityNegative equity -€280,212Loss of €23,699, the second in a row (financial year 2025)lowers riskSize: total assets €164,028Liquidity: current ratio 13.15, cash €124,400Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 39% of its sector peers (NACE 74, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 0=
equity -170.8% of total assets
Liquidity 100+50
short-term debt 7.6% · cash 75.8%
Profitability 35+16
return on assets -14.4%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (5,410 companies, NACE 74, micro)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.7%▲ +0.1 percentage points vs 01-2025 03-2025: 0.6%▼ -0.1 percentage points vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.8%▲ +0.2 percentage points vs 07-2025highest value 09-2025: 0.4%▼ -0.4 percentage points 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: 0.4%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.1 percentage points vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.4%▼ -0.1 percentage points vs 09-2026
No credit on open account
Liquidity ample (current ratio 13.15, compared with 0.63 in 2024; short-term debt: 7.6% and cash: 75.8% of total assets), but equity is negative.
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 74, micro): better than 6% on solvency, 97% on liquidity, 24% on profitability and 31% on growth.

The bankruptcy probability was computed on 11-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Negative equity -€280,212
NBB · annual accounts
lowers risk · Size: total assets €164,028
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 13.15, cash €124,400
NBB · annual accounts
raises risk · Loss of €23,699, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€280,212
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 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
61 days late
2024
29 days late
2023
on the day
2022
30 days late
2021
58 days late
2020
37 days late
2019
90 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 44 days after the deadline; the sector median (NACE 74) for financial year 2024 is 3 days before the deadline, and 38% 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 30 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 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 · abbreviated…
  2. Liquidity more than 20 timescurrent ratio 13.15
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€280,212 View
  • Risk: 3 loss-making years in a rowloss financial year 2025 -€23,699 View
  • Caution: Among the weakest 5% on equitysector median €100,537 · 792 companies -€280,212 View
  • Caution: Latest accounts filed lateafter the legal deadline 61 days View

By topic

Financials

Financial year
2025
Total assets
€164,028
Loss
-€23,699
Solvency
-170.8%
Go to Financials

Timeline

Events
22
Since
2009
Next accounts
by 31-07-2027
  1. 31-07-2024Annual accounts filed
  2. 30-08-2023Annual accounts filed
  3. 31-12-2022Back to profit
Go to Timeline

Company details

Sites
45
Legal form
Public limited company
Activity
Other professional, scientific and technical activitiesNACE 74999
Founded
21-12-2007
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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