SOLAL ENGINEERING
InactiveSOLAL ENGINEERING was declared bankrupt on 24-10-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 17-12-2024, published in the Belgian State Gazette on 24-12-2024.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-03-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-03-2023 close31-10-2023 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2022 was due by 31-10-2022 and was filed on 09-02-2023, 101 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
101 d late
2021
466 d late
2020
831 d late
2019
166 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€22k▼ 10.3%
2021 · €24k
2019: €18k
2020: €18k
2021: €24k
2019 → 2022
Total assets
€25k▼ 17.8%
2021 · €31k
2019: €32k
2020: €54k
2021: €31k
2019 → 2022
Net result
€-3k
2021 · €6k
2019: €4k
2020: €-219
2021: €6k
2019 → 2022
Working capital
€20k▼ 7.7%
2021 · €21k
2019: €13k
2020: €14k
2021: €21k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€18k-€18k▼ 1.2%€24k▲ 35.8%€22k▼ 10.3%
Operating result€6k-€-119€8k€-705
Net result€4k-€-219€6k€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €705 after €8k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €25k
Fixed assets
€2k ▼ 29.4%
Current assets
€23k ▼ 16.5%
Equity and liabilities €25k
Equity
€22k ▼ 10.3%
Debt
€3k ▼ 46.1%
Debt's share of the balance-sheet total falls from 20.8% to 13.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€166▼
2021 · €9k
Cash flow
€-2k▼
2021 · €7k
Current ratio
6.71▲
2021 · 4.33
Debt to equity
0.16▼
2021 · 0.26
ROE
-11.5%▼
2021 · 26.4%
ROA
-9.9%▼
2021 · 20.9%
Interest coverage
1.33▼
2021 · 67.34
Debt ≤ 1 year
€3k▼
2021 · €6k
Income taxes
€2k▲
2021 · €2k
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 · 2022 against 2021 · 34 lines
Balance sheet
Code20212022
Assets
Total assets20/58€31k€25k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€77€38▼
Current assets29/58€28k€23k▼
Amounts receivable within one year40/41€18k€16k▼
Trade receivables40€18k€16k▼
Other amounts receivable41-€575
Cash at bank and in hand54/58€10k€7k▼
Equity and liabilities
Total equity and liabilities10/49€31k€25k▼
Equity10/15€24k€22k▼
Contributions10/11€10€10=
Reserves13€14k€14k=
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€10k€8k▼
Amounts payable17/49€6k€3k▼
Amounts payable within one year42/48€6k€3k▼
Trade debts44€3k€3k=
Suppliers440/4€3k€3k=
Taxes, remuneration and social security45€3k€406▼
Taxes450/3€3k€406▼
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€871€871=
Other operating charges640/8€397€473▲
Gross operating margin9900€9k€638▼
Operating profit (loss)9901€8k€-705▼
Financial charges65/66B€134€124▼
Recurring financial charges65€134€124▼
Profit (loss) for the period before taxes9903€8k€-830▼
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€6k€-3k▼
Profit (loss) for the period to be appropriated9905€6k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€8k▼
Profit (loss) brought forward from the previous period14P€4k€10k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
24-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · SOLAL ENGINEE- RING BV SLESBROEKSTRAAT 74B, 1600 SINT-PIETERS-LEEUW · event 17-12-2024
2023
30-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · SOLAL ENGINEERING BV SLESBROEKSTRAAT 74B, 1600 SINT-PIETERS-LEEUW · event 24-10-2023
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 101 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 466 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 831 days late
2022
31-03
Financial
Weakest financial yearnet €-3k ▼139%
Net result drops to €-3k, the lowest in the series.
2021
31-03
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-03
Financial
Liquidity triplescurrent ratio 4.33
Current ratio from 1.39 to 4.33; short-term debt falls from €36k to €6k.
2020
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 166 days late
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
05-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
25-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Show earlier events
2015
20-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
10-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2013
31-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SVEN DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
24-10-2023 → 17-12-2024 |