Equity
-€112,313
Debts exceed assets in financial year 2024.
SOLAR BELGIUM
Lifetime
12 annual accounts with figures on one time axispeak €32,235 (2017)
€81
lowest -€36,532 (2015)
-€2,185▲ €4,885
peak €6,733 (2014)
-€112,313▼ €2,185
€231,700▲ 0.1%
Board4 names since 2020
-
Documentsfilings and deeds
16-07-202515 days before the deadline
2024micro format
Loss of €2,185
Key points
from the 2024 annual accountsLosses
-€63,502 in six years
Every financial year from 2019 to 2024 closed with a loss. 2019 was the heaviest.
Turnover
≈ €1,000 estimated
The micro format states no turnover.
Debts
€231,700 194% of the balance sheet
Filings
12 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€112,313
Less equity than 95% of companies in wholesale trade. Sector median €56,471 · 15,463 companies.
Checked score
33
Weak
Financially stronger than 17% of micro companies in wholesale trade (NACE 46)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
6.6% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 1.5%● unchanged vs 01-2025
03-2025: 1.5%● unchanged vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.4%▼ -0.1 percentage points vs 04-2025
06-2025: 1.4%● unchanged vs 05-2025
07-2025: 1.5%▲ +0.1 percentage points vs 06-2025
08-2025: 1.2%▼ -0.3 percentage points vs 07-2025lowest value
09-2025: 1.2%● unchanged vs 08-2025lowest value
10-2025: 2.2%▲ +1.0 percentage point vs 09-2025
11-2025: 2.2%● unchanged vs 10-2025
12-2025: 2.2%● unchanged vs 11-2025
01-2026: 2.2%● unchanged vs 12-2025
02-2026: 2.2%● unchanged vs 01-2026
03-2026: 2.2%● unchanged vs 02-2026
04-2026: 2.3%▲ +0.1 percentage points vs 03-2026
05-2026: 2.5%▲ +0.2 percentage points vs 04-2026
06-2026: 2.5%● unchanged vs 05-2026
07-2026: 2.5%● unchanged vs 06-2026
08-2026: 3.7%▲ +1.2 percentage points vs 07-2026
09-2026: 4.3%▲ +0.6 percentage points vs 08-2026
10-2026: 6.6%▲ +2.3 percentage points vs 09-2026highest value
11-2026: 6.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 16-07-2025)
1 change of registered office in 24 months
Liquidity: current ratio 0.49, cash €0
lowers risk
Size: total assets €119,387
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 46, micro). It does better than 6% of them on solvency, 1% on liquidity, 27% on profitability and 36% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2024.
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, 2,333 companies had the same profile as SOLAR BELGIUM has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SOLAR BELGIUM itself is higher: 6.6% within 12 months. It rests on far more data about SOLAR BELGIUM 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 2,333 companies, not a prediction for SOLAR BELGIUM. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.49 (0.49 in 2023), below 1. Short-term debt is 194.1% and cash 0% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€112,313
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
15 days early
2023
14 days early
2022
25 days late
2021
4 days early
2020
30 days late
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 8 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- Kamil Maslana 50 sharesdeed of 30-09-2025
- Andrzej Wasowicz 50 sharesdeed of 30-09-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0837881743
Registered office moved to Forest
Transfer of 50 shares from VANNESTE Michel to Kamil Maslana · Transfer of 50 shares from VANNESTE Michel to Andrzej Wasowicz · New registered office: Avenue du parc 159 à 1190 Forest · General meeting of 22-08-2025 · Gazette deed
Resignation: LUFTMAN Dorothée (manager)
Director discharge: LUFTMAN Dorothée (manager) · General meeting of 01-01-2020 · Gazette deed
Registered-office move
General meeting of 01-07-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOLAR BELGIUM Forest | €119,387 | €81 | -94.1% | - |
| OVALI FLAMME Charleroi | €187,181 | -€38,813 | -14.0% | - |
| BELKLIMA Ham | €118,976 | -€3,574 | 100.0% | - |
| ECOLAIR SA Flobecq | €284,124 | -€31,258 | 28.6% | - |
| 1089 BAR & KOELING Olen | €37,426 | €3,614 | 66.0% | - |
| NEW TEXCONTROL Beersel | €122,154 | -€7,632 | -2.4% | - |
| Arslan Wommelgem | €452,611 | -€24,849 | 17.9% | - |
These companies have the same main activity as SOLAR BELGIUM: wholesale trade (NACE 46647). They are comparable in size and age: total assets between €37,400 and €453,000, founded between 1983 and 2019.
Official details
Source: KBO- Status
- Active since 14-07-2011Normal situation
- Activity
- Wholesale tradeNACE 46647and 3 others
- Establishment unit
- 2.201.321.8591190 Forest, since 12-07-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 25-03-2026
Insights on SOLAR BELGIUM
SOLAR BELGIUM files the micro format. That format states no turnover. The gross margin fell from €6,737 in 2012 to €81 in 2024.
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 SOLAR BELGIUM
- What is the company number of SOLAR BELGIUM?
- The company number of SOLAR BELGIUM is 0837.881.743. The VAT number is the same number with BE in front: BE 0837.881.743.
- Where is SOLAR BELGIUM based?
- The registered office is at Parklaan 159, 1190 Forest.Company details
- What does SOLAR BELGIUM do?
- According to the KBO register, the main activity is wholesale trade (NACE 46647).
- What is the legal form of SOLAR BELGIUM?
- SOLAR BELGIUM is a private limited company (pre-2019) (BVBA).
- When was SOLAR BELGIUM founded?
- SOLAR BELGIUM was founded on 14-07-2011.
- Is SOLAR BELGIUM still active?
- Yes, SOLAR BELGIUM is an active enterprise in the KBO register.
- What is the turnover of SOLAR BELGIUM?
- The turnover in financial year 2024 is ≈ €1,000. This figure is estimated from the gross margin of €81 and 212 comparable companies (NACE 46). It probably lies between €490 and €2,600. It is a rough estimate.Financials
- Is SOLAR BELGIUM profitable?
- In financial year 2024, SOLAR BELGIUM made a loss of €2,185.
- Where can I find the annual accounts of SOLAR BELGIUM?
- SOLAR BELGIUM filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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