Skip to content

SOL EV

Active
Private limited companyfounded 2024active for 2 yearsRue des Carrières(M) 42, 7942 Brugelette, BelgiumKBO/BCE: BE 1010.000.325
Summary

SOL EV has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98,441 and a net result of -€55,559. Its solvency ranks better than 13% of 34,789 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Financials · financial year 2025, micro format

Equity
€98,441
Total assets
€1.1m
Net result
-€55,559
Working capital
€455,823

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €1.1m
Fixed assets €489,322
Current assets €600,388
Equity and liabilities €1.1m
Equity €98,441
Debt €992,565
Debt finances 91.0% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
-€5,946
Cash flow
-€11,641
Current ratio
4.15
Debt to equity
10.08
ROE
-56.4%
ROA
-5.1%
Interest coverage
-1.05
Debt ≤ 1 year
€144,565
Debt > 1 year
€848,000
Income taxes
€19

Peer companies

Historical observation

Of the 865 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96.6% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
1.5% went bankrupt
1.7% stopped otherwise
96.6% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 865 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
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€1.1m
Formation expenses20€0.001m
Fixed assets21/28€0.5m
Intangible fixed assets21€0.02m
Tangible fixed assets22/27€0.5m
Land and buildings22€0.1m
Plant, machinery and equipment23€0.3m
Furniture and vehicles24€0.03m
Current assets29/58€0.6m
Amounts receivable within one year40/41€0.5m
Trade receivables40€0.5m
Other amounts receivable41€381
Cash at bank and in hand54/58€0.1m
Equity and liabilities
Total equity and liabilities10/49€1.1m
Equity10/15€0.1m
Contributions10/11€0.2m
Profit (loss) carried forward14-€0.06m
Amounts payable17/49€1.0m
Amounts payable after more than one year17€0.8m
Financial debts170/4€0.8m
Amounts payable within one year42/48€0.1m
Trade debts44€11
Suppliers440/4€11
Taxes, remuneration and social security45€54
Taxes450/3€54
Other amounts payable47/48€0.1m
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m
Other operating charges640/8€0.001m
Gross operating margin9900-€0.005m
Operating profit (loss)9901-€0.05m
Financial charges65/66B€0.006m
Recurring financial charges65€0.006m
Profit (loss) for the period before taxes9903-€0.06m
Income taxes67/77€19
Profit (loss) for the period9904-€0.06m
Profit (loss) for the period to be appropriated9905-€0.06m
Appropriation of the result
Profit (loss) to be appropriated9906-€0.06m

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43,918
Other operating charges640/8€812
Gross operating margin9900-€5,134
Operating profit (loss)9901-€49,864
Financial charges65/66B€5,676
Recurring financial charges65€5,676
Profit (loss) for the period before taxes9903-€55,540
Income taxes67/77€19
Profit (loss) for the period9904-€55,559
Profit (loss) for the period to be appropriated9905-€55,559
Line2025
Assets
Total assets20/58€1.1m
Formation expenses20€0.001m
Fixed assets21/28€0.5m
Intangible fixed assets21€0.02m
Tangible fixed assets22/27€0.5m
Land and buildings22€0.1m
Plant, machinery and equipment23€0.3m
Furniture and vehicles24€0.03m
Current assets29/58€0.6m
Amounts receivable within one year40/41€0.5m
Trade receivables40€0.5m
Other amounts receivable41€381
Cash at bank and in hand54/58€0.1m
Equity and liabilities
Total equity and liabilities10/49€1.1m
Equity10/15€0.1m
Contributions10/11€0.2m
Profit (loss) carried forward14-€0.06m
Amounts payable17/49€1.0m
Amounts payable after more than one year17€0.8m
Financial debts170/4€0.8m
Amounts payable within one year42/48€0.1m
Trade debts44€11
Suppliers440/4€11
Taxes, remuneration and social security45€54
Taxes450/3€54
Other amounts payable47/48€0.1m
Line2025
Profit (loss) for the period9904-€55,559
+ Depreciation and write-downs630€43,918
Operating cash flow (approximation)-€11,641

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 24-06-2026 2026-00195436

Similar companies · same sector, comparable size

Of the 22,641 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,538. 8,944 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.