PV-Sol
ActiveSummary
The computed 12-month bankruptcy probability of PV-Sol is 1.7% (moderate). The 2025 annual accounts show negative equity (€-279k) and a net result of €-5k. Equity is shrinking by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 7500 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability7▲+7
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.14 in 2024; short-term debt: 746.1% and cash: 0.7% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-646.1%
Return on assets
-12.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-279k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-07-2026, 6 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
6 d early
2024
1 d early
2023
30 d late
2022
6 d early
2021
20 d late
2020
2 d early
2019
56 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-279k▼ 1.9%
2024 · €-273k
2018: €165khighest in 8 years
2019: €92k▼ -44.3% vs 2018
2020: €27k▼ -70.4% vs 2019
2021: €-213k▼ -882% vs 2020
2022: €-239k▼ -11.9% vs 2021
2023: €-253k▼ -6.1% vs 2022
2024: €-273k▼ -8.0% vs 2023
2025: €-279k▼ -1.9% vs 2024lowest in 8 years
2018 → 2025
Total assets
€43k▼ 0.2%
2024 · €43k
2018: €291k
2019: €474k▲ +62.8% vs 2018highest in 8 years
2020: €188k▼ -60.4% vs 2019
2021: €74k▼ -60.4% vs 2020
2022: €66k▼ -11.6% vs 2021
2023: €66k▲ +1.2% vs 2022
2024: €43k▼ -35.0% vs 2023
2025: €43k▼ -0.2% vs 2024lowest in 8 years
2018 → 2025
Net result
€-5k▲ 74.0%
2024 · €-20k
2018: €153khighest in 8 years
2019: €-16k▼ -111% vs 2018
2020: €-65k▼ -302% vs 2019
2021: €-240k▼ -271% vs 2020lowest in 8 years
2022: €-25k▲ +89.4% vs 2021
2023: €-15k▲ +42.5% vs 2022
2024: €-20k▼ -37.6% vs 2023
2025: €-5k▲ +74.0% vs 2024
2018 → 2025
Working capital
€-279k▼ 1.9%
2024 · €-273k
2018: €165khighest in 8 years
2019: €92k▼ -44.3% vs 2018
2020: €27k▼ -70.4% vs 2019
2021: €-213k▼ -882% vs 2020
2022: €-239k▼ -11.9% vs 2021
2023: €-253k▼ -6.1% vs 2022
2024: €-273k▼ -8.0% vs 2023
2025: €-279k▼ -1.9% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-213k-€-239k▼ 11.9%€-253k▼ 6.1%€-273k▼ 8.0%€-279k▼ 1.9%
2021: €-213khighest in 5 years
2022: €-239k▼ -11.9% vs 2021
2023: €-253k▼ -6.1% vs 2022
2024: €-273k▼ -8.0% vs 2023
2025: €-279k▼ -1.9% vs 2024lowest in 5 years
Operating result€-232k-€-20k▲ 91.3%€-10k▲ 50.8%€-15k▼ 54.1%€-411▲ 97.3%
2021: €-232klowest in 5 years
2022: €-20k▲ +91.3% vs 2021
2023: €-10k▲ +50.8% vs 2022
2024: €-15k▼ -54.1% vs 2023
2025: €-411▲ +97.3% vs 2024highest in 5 years
Net result€-240k-€-25k▲ 89.4%€-15k▲ 42.5%€-20k▼ 37.6%€-5k▲ 74.0%
2021: €-240klowest in 5 years
2022: €-25k▲ +89.4% vs 2021
2023: €-15k▲ +42.5% vs 2022
2024: €-20k▼ -37.6% vs 2023
2025: €-5k▲ +74.0% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €411 in 2025 against €15k in 2024; the loss shrinks.
Key figures and ratios
Solvency
-646.1%▼
2024 · -632.7%
Current ratio
0.13▼
2024 · 0.14
Quick ratio
0.01▼
2024 · 0.01
Debt to equity
-1.15▲
2024 · -1.16
ROA
-12.2%▲
2024 · -46.7%
Debt
€322k▲
2024 · €317k
Debt ≤ 1 year
€322k▲
2024 · €317k
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 · 29 lines
Balance sheet
Code20242025
Assets
Total assets20/58€43k€43k▼
Current assets29/58€43k€43k▼
Stocks and contracts in progress3€41k€41k=
Stocks30/36€41k€41k=
Amounts receivable within one year40/41€2k€2k▲
Trade receivables40€1k€2k▲
Other amounts receivable41€62€40▼
Cash at bank and in hand54/58€874€290▼
Equity and liabilities
Total equity and liabilities10/49€43k€43k▼
Equity10/15€-273k€-279k▼
Contributions10/11€20k€20k=
Reserves13€88k€88k=
Distributable reserves133€88k€88k=
Profit (loss) carried forward14€-381k€-387k▼
Amounts payable17/49€317k€322k▲
Amounts payable within one year42/48€317k€322k▲
Trade debts44€3k€972▼
Suppliers440/4€3k€972▼
Other amounts payable47/48€314k€321k▲
Income statement
Code20242025
Other operating charges640/8€7k€528▼
Gross operating margin9900€-9k€117▲
Operating profit (loss)9901€-15k€-411▲
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€-20k€-5k▲
Profit (loss) for the period9904€-20k€-5k▲
Profit (loss) for the period to be appropriated9905€-20k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-381k€-387k▼
Profit (loss) brought forward from the previous period14P€-361k€-381k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €459 | €4k | €599 | €7k | €528 | ▼ 92.2% |
| Gross operating margin9900 | €-232k | €-16k | €-9k | €-9k | €117 | ▲ 101% |
| Operating profit (loss)9901 | €-232k | €-20k | €-10k | €-15k | €-411 | ▲ 97.3% |
| Financial income75/76B | €4k | €895 | - | - | - | - |
| Recurring financial income75 | €4k | €895 | - | - | - | - |
| Financial charges65/66B | €12k | €6k | €5k | €5k | €5k | ▲ 0.2% |
| Recurring financial charges65 | €12k | €6k | €5k | €5k | €5k | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | €-240k | €-25k | €-15k | €-20k | €-5k | ▲ 74.0% |
| Profit (loss) for the period9904 | €-240k | €-25k | €-15k | €-20k | €-5k | ▲ 74.0% |
| Profit (loss) for the period to be appropriated9905 | €-240k | €-25k | €-15k | €-20k | €-5k | ▲ 74.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74k | €66k | €66k | €43k | €43k | ▼ 0.2% |
| Current assets29/58 | €74k | €66k | €66k | €43k | €43k | ▼ 0.2% |
| Stocks and contracts in progress3 | €63k | €65k | €65k | €41k | €41k | = |
| Stocks30/36 | €63k | €65k | €65k | €41k | €41k | = |
| Amounts receivable within one year40/41 | €5k | €737 | €834 | €2k | €2k | ▲ 32.5% |
| Trade receivables40 | - | - | - | €1k | €2k | ▲ 35.3% |
| Other amounts receivable41 | €5k | €737 | €834 | €62 | €40 | ▼ 34.8% |
| Cash at bank and in hand54/58 | €6k | €127 | €778 | €874 | €290 | ▼ 66.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74k | €66k | €66k | €43k | €43k | ▼ 0.2% |
| Equity10/15 | €-213k | €-239k | €-253k | €-273k | €-279k | ▼ 1.9% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €88k | €88k | €88k | €88k | €88k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €86k | €86k | €88k | €88k | €88k | = |
| Profit (loss) carried forward14 | €-321k | €-347k | €-361k | €-381k | €-387k | ▼ 1.4% |
| Amounts payable17/49 | €287k | €304k | €320k | €317k | €322k | ▲ 1.6% |
| Amounts payable within one year42/48 | €287k | €304k | €320k | €317k | €322k | ▲ 1.6% |
| Financial debts43 | €100k | - | - | - | - | - |
| Credit institutions430/8 | €100k | - | - | - | - | - |
| Trade debts44 | €716 | €1k | €3k | €3k | €972 | ▼ 63.2% |
| Suppliers440/4 | €716 | €1k | €3k | €3k | €972 | ▼ 63.2% |
| Other amounts payable47/48 | €187k | €303k | €317k | €314k | €321k | ▲ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-240k | €-25k | €-15k | €-20k | €-5k | ▲ 74.0% |
| Operating cash flow (approximation) | €-240k | €-25k | €-15k | €-20k | €-5k | ▲ 74.0% |
| Change in cash | - | €-6k | €651 | €96 | €-584 | ▼ 707% |
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
Next filing, fiscal year 2026, expected by
2026
25-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
2021
31-12
Financial
Weakest financial yearnet €-240k
Net result drops to €-240k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 42 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Menen · 1 establishment unit since 2016
Ground area
302 m²
Building footprint
151 m²
Volume, LiDAR
1,201 m³
Parcel 34024A0295/00W000, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LUXURY LIVING
since 20162.257.837.227
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024A0295/00W000 | Flanders | 302 m² | 1 · 150 m² | 12.5 m · 2 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 12,251 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
Founded09-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.