Active BE 0824.372.712Private limited companyOpen bankruptcy

SOL-AIR Energies

Rue Basse-Sovet(Sovet) 86 ·5590 Ciney, Belgium· 16 yrs active

Sector: General electrical installation work (43211)

Conclusion Checked

A bankruptcy procedure is open for SOL-AIR Energies according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisations. The 2022 annual accounts show equity of €70k and a net result of €26k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€70k
Net result	€26k
Staff (FTE)	22.5
Better than sector	11%

Financial profile 5 of 5 axes measured · computed by Checked

36 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 6

Profitability 100

Solvency 16

Growth 58

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

70 / 100

Severe riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· 2 judicial reorganisations (+20)

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2022 · computed

6 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview13 NBB filings

Annual accounts filed on 31-08-2023 with the NBB · fiscal year 2022 · full schema

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 43, Specialised construction activities · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	2.4%	32.9%	better than 11% of 432 sector peers
Net result	€26k	€20k	better than 55% of 431 sector peers
Equity	€70k	€84k	better than 46% of 432 sector peers
Gross operating margin	€1.23M	€109k	better than 95% of 407 sector peers
Staff costs	€1.09M	€172k	higher than 90% of 289 sector peers

EBITDA

€129k

+34.1% 18-22

Net profit

€26k

+1714.2% 18-22

Cash flow

€104k

+51.6% 18-22

Total assets

€2.86M

+63.1% 18-22

Equity

€70k

+59.9% 18-22

Working capital

€335k

+19.7% 18-22

Employees (FTE)

23

+35.5% 18-22

Staff costs

€1.09M

+43.8% 18-22

Income taxes

€1k

+116.7% 18-22

Debt

€2.79M

+63.1% 18-22

Debt ≤ 1y

€2.32M

+92.0% 18-22

Debt > 1y

€476k

-5.9% 18-22

Current ratio

1.14

-7.1% 18-22

Quick ratio

0.24

-22.7% 18-22

Solvency

2.4%

-2.0% 18-22

Debt / equity

39.98

+2.0% 18-22

ROE

37.5%

+1034.7% 18-22

ROA

0.9%

+1012.5% 18-22

Interest coverage

4.34

+22.8% 18-22

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	full schema
Revenue	-
EBITDA	€129k
Net profit	€26k
Cash flow	€104k
Staff costs	€1.09M
Income taxes	€1k
Dividends	-
Total assets	€2.86M
Equity	€70k
Debt	€2.79M
of which ≤ 1y	€2.32M
of which > 1y	€476k
Working capital	€335k
Employees (FTE)	22.5

Ratios (computed)

	2022
Current ratio	1.14
Quick ratio	0.24
Working capital ratio	11.7%
Solvency	2.4%
Debt / equity	39.98
Long-term debt ratio	6.81
Interest coverage	4.34
Gross margin	-
Net margin	-
ROA	0.9%
ROE	37.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Balance-sheet composition 2022

Assets

Fixed assets €211k · 7.4% Current assets €2.65M · 92.6%

Equity & liabilities

Equity €70k · 2.4% Debt €2.79M · 97.6%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.86M
Fixed assets	21/28	€211k
Intangible fixed assets	21	€3k
Tangible fixed assets	22/27	€207k
Current assets	29/58	€2.65M
Stocks & contracts in progress	3	€2.10M
Amounts receivable within one year	40/41	€321k
Investments	50/53	€25
Cash & bank	54/58	€218k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.86M
Equity	10/15	€70k
Contributions / capital	10/11	€19k
Reserves	13	€21k
Accumulated profits (losses)	14	€31k
Amounts payable	17/49	€2.79M
Amounts payable after one year	17	€476k
Amounts payable within one year	42/48	€2.32M
Trade debts payable within one year	44	€354k
Income statement
Gross operating margin	9900	€1.23M
Operating result	9901	€51k
Financial income	75	€6k
Financial charges	65	€30k
Result before taxes	9903	€28k
Income taxes	67/77	€1k
Net result for the period	9904	€26k
Result to be appropriated	9905	€26k

Directors & mandates1 person

Role	Name	Tenure
Curator	BENEDICTE HUMBLET RUE DE GEMBLOUX 136, 5002 SAINT-SERVAIS	08-08-2024 → present

Legal Structure

NACE primary	General electrical installation work(43211)
Legal form	Private limited company(610)
Incorporation	24-03-2010
Status	Active
Postal code	5590
First insolvency signal	05-01-2024
Latest insolvency signal	14-08-2024

Establishment units 1 location

SOL-AIR Energies

Rue de Quesval, Spontin 5, 5530 YvoirGeneral electrical installation work

since 20102.186.489.866

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
91124A0302/00M002	Wallonia	2,688 m²	1 · 173 m²	-

Methodology

via establishment units: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 13 events

All 13 NBB filing 10 Bankruptcy 3

2014 2014: 1 NBB filing 2015 2015: 1 NBB filing 2016 2016: 1 NBB filing 2017 2017: 1 NBB filing 2018 2018: 1 NBB filing 2019 2019: 1 NBB filing 2020 2020: 1 NBB filing 2021 2021: 1 NBB filing 2022 2022: 1 NBB filing 2023 2023: 1 NBB filing 2024 2024: 3 signals

2024

14-08-2024 Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Namur · SOL-AIR ENERGIES SRL RUE BASSE- SOVET 86E, 5590 SOVET (CINEY) · event 08-08-2024

23-04-2024 Judicial reorganisation Extension

Tribunal de l’entreprise de Liège · collectif · event 18-04-2024

05-01-2024 Judicial reorganisation Opening

Tribunal de l’entreprise de Liège · collectif · event 21-12-2023

2023

31-08-2023 NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

16-11-2022 NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

12-02-2021 NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

22-09-2020 NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

29-03-2019 NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

31-08-2018 NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

08-06-2017 NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

02-06-2016 NBB filing Annual accounts filed

fiscal year 2015 · full schema

2015

03-06-2015 NBB filing Annual accounts filed

fiscal year 2014 · full schema

2014

02-07-2014 NBB filing Annual accounts filed

fiscal year 2013 · full schema

Lifecycle & Insolvency Signals3 events

14-08-2024

Bankruptcy Opening

Date: 08-08-2024 · Tribunal de l’entreprise de Liège, division Namur · SOL-AIR ENERGIES SRL RUE BASSE- SOVET 86E, 5590 SOVET (CINEY) · Publications in State Gazette ↗

Full insolvency chronology

The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.

We hold 2 further earlier events in this file, covering 21-12-2023 to 08-08-2024.

Available in Kantoor S. See plans →

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgian State Gazette reading coverage 0 of 5 acts read

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.

Credit advice verdict per customer and amount

No credit: a bankruptcy procedure is open.

Company registry (CBE) Crossroads Bank

Activities

General electrical installation work43211Installation of electric heating, air conditioning, cooling and ventilation43222Wholesale of electrical household appliances and audio-video equipment46431Wholesale of electrical equipment, including installation materials46643Retail trade47522Retail trade47529

Names & trade names

Legal nameFR

SOL-AIR Energies

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