PV-Sol
ActiveSummary
The computed 12-month bankruptcy probability of PV-Sol is 1.7% (moderate). The 2025 annual accounts show negative equity (-€278,551) and a net result of -€5,244. Equity is shrinking by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 7586 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.
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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 -€278,551
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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, micro schema
Equity
-€278,551▼ 1.9%
2024 · -€273,307
Total assets
€43,110▼ 0.2%
2024 · €43,195
Net result
-€5,244▲ 74.0%
2024 · -€20,157
Working capital
-€278,551▼ 1.9%
2024 · -€273,307
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20212022202320242025
Operating result-€232,182▼ 306%-€20,222▲ 91.3%-€9,948▲ 50.8%-€15,331▼ 54.1%-€411▲ 97.3%
Net result-€240,312below the sector's middle half▼ 271%-€25,453below the sector's middle half▲ 89.4%-€14,644below the sector's middle half▲ 42.5%-€20,157below the sector's middle half▼ 37.6%-€5,244below the sector's middle half▲ 74.0%
Equity-€213,052below the sector's middle half-€238,505below the sector's middle half▼ 11.9%-€253,150below the sector's middle half▼ 6.1%-€273,307below the sector's middle half▼ 8.0%-€278,551below the sector's middle half▼ 1.9%
Total assets€74,271within the sector's middle half▼ 60.4%€65,678within the sector's middle half▼ 11.6%€66,444within the sector's middle half▲ 1.2%€43,195below the sector's middle half▼ 35.0%€43,110below the sector's middle half▼ 0.2%
Debt€287,323▲ 79.2%€304,184▲ 5.9%€319,593▲ 5.1%€316,502▼ 1.0%€321,661▲ 1.6%
Working capital-€213,052below the sector's middle half-€238,505below the sector's middle half▼ 11.9%-€253,150below the sector's middle half▼ 6.1%-€273,307below the sector's middle half▼ 8.0%-€278,551below the sector's middle half▼ 1.9%
Solvency-286.9%below the sector's middle half▼ 301.4pp-363.1%below the sector's middle half▼ 76.3pp-381.0%below the sector's middle half▼ 17.9pp-632.7%below the sector's middle half▼ 251.7pp-646.1%below the sector's middle half▼ 13.4pp
Current ratio0.26below the sector's middle half▼ 0.910.22below the sector's middle half▼ 0.040.21below the sector's middle half▼ 0.010.14below the sector's middle half▼ 0.070.13below the sector's middle half=
Return on assets (ROA)-323.6%below the sector's middle half▼ 289.1pp-38.8%below the sector's middle half▲ 284.8pp-22.0%below the sector's middle half▲ 16.7pp-46.7%below the sector's middle half▼ 24.6pp-12.2%below the sector's middle half▲ 34.5pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
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 €15,331 in 2024; the loss shrinks.
Key figures and ratios
Quick ratio
0.01▼
2024 · 0.01
Debt to equity
-1.15▲
2024 · -1.16
Debt ≤ 1 year
€321,661▲
2024 · €316,502
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,940 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €459 | €4,060 | €599 | €6,734 | €528 | ▼ 92.2% |
| Gross operating margin9900 | -€231,723 | -€16,163 | -€9,349 | -€8,598 | €117 | ▲ 101% |
| Operating profit (loss)9901 | -€232,182 | -€20,222 | -€9,948 | -€15,331 | -€411 | ▲ 97.3% |
| Financial income75/76B | €3,942 | €895 | - | - | - | - |
| Recurring financial income75 | €3,942 | €895 | - | - | - | - |
| Financial charges65/66B | €12,073 | €6,126 | €4,696 | €4,826 | €4,834 | ▲ 0.2% |
| Recurring financial charges65 | €12,073 | €6,126 | €4,696 | €4,826 | €4,834 | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | -€240,312 | -€25,453 | -€14,644 | -€20,157 | -€5,244 | ▲ 74.0% |
| Profit (loss) for the period9904 | -€240,312 | -€25,453 | -€14,644 | -€20,157 | -€5,244 | ▲ 74.0% |
| Profit (loss) for the period to be appropriated9905 | -€240,312 | -€25,453 | -€14,644 | -€20,157 | -€5,244 | ▲ 74.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,271 | €65,678 | €66,444 | €43,195 | €43,110 | ▼ 0.2% |
| Current assets29/58 | €74,271 | €65,678 | €66,444 | €43,195 | €43,110 | ▼ 0.2% |
| Stocks and contracts in progress3 | €63,446 | €64,814 | €64,832 | €40,781 | €40,781 | = |
| Stocks30/36 | €63,446 | €64,814 | €64,832 | €40,781 | €40,781 | = |
| Amounts receivable within one year40/41 | €5,098 | €737 | €834 | €1,540 | €2,040 | ▲ 32.5% |
| Trade receivables40 | - | - | - | €1,478 | €2,000 | ▲ 35.3% |
| Other amounts receivable41 | €5,098 | €737 | €834 | €62 | €40 | ▼ 34.8% |
| Cash at bank and in hand54/58 | €5,727 | €127 | €778 | €874 | €290 | ▼ 66.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,271 | €65,678 | €66,444 | €43,195 | €43,110 | ▼ 0.2% |
| Equity10/15 | -€213,052 | -€238,505 | -€253,150 | -€273,307 | -€278,551 | ▼ 1.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €88,068 | €88,068 | €88,068 | €88,068 | €88,068 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Distributable reserves133 | €86,068 | €86,068 | €88,068 | €88,068 | €88,068 | = |
| Profit (loss) carried forward14 | -€321,121 | -€346,574 | -€361,218 | -€381,375 | -€386,620 | ▼ 1.4% |
| Amounts payable17/49 | €287,323 | €304,184 | €319,593 | €316,502 | €321,661 | ▲ 1.6% |
| Amounts payable within one year42/48 | €287,323 | €304,184 | €319,593 | €316,502 | €321,661 | ▲ 1.6% |
| Financial debts43 | €100,000 | - | - | - | - | - |
| Credit institutions430/8 | €100,000 | - | - | - | - | - |
| Trade debts44 | €716 | €1,362 | €2,666 | €2,645 | €972 | ▼ 63.2% |
| Suppliers440/4 | €716 | €1,362 | €2,666 | €2,645 | €972 | ▼ 63.2% |
| Other amounts payable47/48 | €186,607 | €302,822 | €316,928 | €313,857 | €320,689 | ▲ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€240,312 | -€25,453 | -€14,644 | -€20,157 | -€5,244 | ▲ 74.0% |
| Operating cash flow (approximation) | -€240,312 | -€25,453 | -€14,644 | -€20,157 | -€5,244 | ▲ 74.0% |
| Change in cash | - | -€5,599 | €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 -€240,312
Net result drops to -€240,312, 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 16,052. 12,259 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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0662479712
Also
9925:BE0662479712
Registered
06-05-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.