Equity
€12,460 from €140,602 in 2022
Equity fell by 91% in 3 years.
SOLANO PROJECTS
Lifetime
4 annual accounts with figures on one time axispeak €246,452 (2022)
€193,448▲ 523%
lowest -€104,733 (2023)
€49,017▲ €121,444
peak €140,602 (2022)
€12,460▲ €49,017
€138,416▼ 40.6%
Board3 names since 2021
1 directorMERCADER SOLANO Victor Jordi Pedro
Documentsfilings and deeds
24-07-20267 days before the deadline
2025micro format
Gross margin from €31,051 to €193,448Back to profit: €49,017Registered office moved within Turnhout 18-08Resignation: John Jacobus Harmanus (director) 06-03Equity from -€36,558 to €12,460Debts from €233,023 to €138,416
Key points
from the 2025 annual accountsResult
€49,017 €49,017
Back in profit in 2025, after a loss of €72,426 in 2024.
Turnover
≈ €600,000 estimated
The micro format states no turnover.
Debts
€138,416 92% of the balance sheet
Suppliers 23%Taxes and wages 21%Other 56%
Of this, €134,911 falls due within a year.
Filings
4 annual accounts 2 late
The 2024 accounts came latest: 48 days after the end of the period.
Position in the sector
8.3%
Lower solvency than 86% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
Checked score
49
Fair
Financially stronger than 50% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 6.3%
01-2025: 6.3%● unchanged vs 12-2024
02-2025: 6.3%● unchanged vs 01-2025
03-2025: 6.2%▼ -0.1 percentage points vs 02-2025
04-2025: 7.1%▲ +0.9 percentage points vs 03-2025
05-2025: 7.6%▲ +0.5 percentage points vs 04-2025
06-2025: 7.0%▼ -0.6 percentage points vs 05-2025
07-2025: 7.1%▲ +0.1 percentage points vs 06-2025
08-2025: 7.6%▲ +0.5 percentage points vs 07-2025
09-2025: 12.9%▲ +5.3 percentage points vs 08-2025
10-2025: 11.7%▼ -1.2 percentage points vs 09-2025
11-2025: 11.7%● unchanged vs 10-2025
12-2025: 11.7%● unchanged vs 11-2025
01-2026: 11.7%● unchanged vs 12-2025
02-2026: 11.7%● unchanged vs 01-2026
03-2026: 11.8%▲ +0.1 percentage points vs 02-2026
04-2026: 13.0%▲ +1.2 percentage points vs 03-2026highest value
05-2026: 12.6%▼ -0.4 percentage points vs 04-2026
06-2026: 13.0%▲ +0.4 percentage points vs 05-2026
07-2026: 13.0%● unchanged vs 06-2026
08-2026: 10.2%▼ -2.8 percentage points vs 07-2026
09-2026: 10.1%▼ -0.1 percentage points vs 08-2026
10-2026: 4.4%▼ -5.7 percentage points vs 09-2026
11-2026: 4.3%▼ -0.1 percentage points vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Founded in 2021
1 of the last 3 accounts late
1 change of registered office in 24 months
lowers risk
Figures for financial year 2025 (filed on 24-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 13% of them on solvency, 3% on liquidity, 92% on profitability and 94% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,153 companies had the same profile as SOLANO PROJECTS has now. Each dot stands for 6 companies, two years later.
96.0%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
The bankruptcy probability of SOLANO PROJECTS itself is higher: 4.3% within 12 months. It rests on far more data about SOLANO PROJECTS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,153 companies, not a prediction for SOLANO PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is insufficient, with a current ratio of 0.68 (0.53 in 2024), below 1. Short-term debt is 89.4% and cash 1.1% of total assets. 91.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 13%
← weakest
strongest →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
7 days early
2024
48 days late
2023
5 days early
2022
24 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 15 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 August (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0775751065
Registered office moved within Turnhout
New registered office: Beirenmolenstraat 32, 2300 Turnhout · Previous registered office: Patersstraat 100, 2300 Turnhout · Resignation: ANTONIA JOSE HARMANUS (director) · General meeting of 22-07-2025 · Gazette deed
Resignation: John Jacobus Harmanus (director)
Director discharge: John Jacobus Harmanus (director (not named in the articles)) · General meeting of 29-11-2024 · Gazette deed
Registered office moved from Dessel to Turnhout
New registered office: Patersstraat 100, 2300 Turnhout · Previous registered office: Lukasstraat 16, 2480 Dessel · Appointments: John Jacobus Harmanus (director) and Antonia José C Harmanus (director) · General meeting of 28-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOLANO PROJECTS Turnhout | €150,876 | €193,448 | 8.3% | - |
| DP CHALEUR Beaumont | €153,499 | €158,810 | 11.9% | - |
| WELDING CONCEPT Sint-Pieters-Leeuw | €176,845 | €171,566 | 51.6% | - |
| CHAUFFAGE JR Sambreville | €183,355 | €220,173 | 55.4% | - |
| MB Air Balancing Aartselaar | €182,965 | €266,690 | 57.2% | - |
| CV Moorkens Vorselaar | €205,060 | €151,769 | 52.1% | - |
| AVD TECHNIEKEN Essen | €181,536 | €160,666 | 56.1% | - |
These companies have the same main activity as SOLANO PROJECTS: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €153,000 and €205,000, founded between 2021 and 2023.
Official details
Source: KBO- Status
- Active since 14-10-2021Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 2 others
- Establishment unit
- 2.323.221.8582300 Turnhout, since 14-10-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €150,876▼ 23.2%
- Employeeson 31-12-2025
- 2=
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Insights on SOLANO PROJECTS
SOLANO PROJECTS files the micro format. That format states no turnover. The gross margin fell from €246,452 in 2022 to €193,448 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SOLANO PROJECTS
- What is the company number of SOLANO PROJECTS?
- The company number of SOLANO PROJECTS is 0775.751.065. The VAT number is the same number with BE in front: BE 0775.751.065.
- Where is SOLANO PROJECTS based?
- The registered office is at Beirenmolenstraat 32, 2300 Turnhout.Company details
- What does SOLANO PROJECTS do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of SOLANO PROJECTS?
- SOLANO PROJECTS is a private limited company (BV).
- When was SOLANO PROJECTS founded?
- SOLANO PROJECTS was founded on 14-10-2021.
- Is SOLANO PROJECTS still active?
- Yes, SOLANO PROJECTS is an active enterprise in the KBO register.
- How many employees does SOLANO PROJECTS have?
- SOLANO PROJECTS had an average of 2.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of SOLANO PROJECTS?
- The turnover in financial year 2025 is ≈ €600,000. This figure is estimated from the gross margin of €193,448 and 86 comparable companies (NACE 432). It probably lies between €480,000 and €730,000.
- Is SOLANO PROJECTS profitable?
- In financial year 2025, SOLANO PROJECTS made a profit of €49,017.
- Where can I find the annual accounts of SOLANO PROJECTS?
- SOLANO PROJECTS filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOLANO PROJECTS due?
- SOLANO PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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