SOLAR CONCEPT
BankruptcySummary
The KBO register records for SOLAR CONCEPT the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €178,159 and a net result of -€281,713.
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Open bankruptcy
Source: KBO register
The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.
The procedure
The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 3560 sector peers (2024).
NBB · sector comparisonPosition among 3560 sector peers
Solvency
better than 14%
← weakest
strongest →
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 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
71 d early
2022
46 d early
2021
17 d early
2020
24 d early
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Other construction installation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€281,713
2023 · €21,031
Working capital
-€251,289
2023 · €36,950
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€85,145▲ 56.0%€62,748▼ 26.3%€64,787▲ 3.2%€61,623▼ 4.9%-€234,242
Net result€51,827within the sector's middle half▲ 60.0%€34,381within the sector's middle half▼ 33.7%€9,175within the sector's middle half▼ 73.3%€21,031within the sector's middle half▲ 129%-€281,713below the sector's middle half
Equity€228,644within the sector's middle half▲ 28.8%€262,336within the sector's middle half▲ 14.7%€270,754within the sector's middle half▲ 3.2%€460,504within the sector's middle half▲ 70.1%€178,159within the sector's middle half▼ 61.3%
Total assets€1.3mwithin the sector's middle half▲ 3.2%€1.4mwithin the sector's middle half▲ 5.2%€1.4mwithin the sector's middle half▼ 1.6%€1.7mwithin the sector's middle half▲ 21.8%€1.4mwithin the sector's middle half▼ 14.4%
Debt€1.1m▼ 0.9%€1.1m▲ 3.3%€1.1m▼ 2.7%€1.2m▲ 9.9%€1.3m▲ 3.3%
Working capital-€68,839below the sector's middle half▼ 156%-€18,250below the sector's middle half▲ 73.5%€41,453within the sector's middle half€36,950within the sector's middle half▼ 10.9%-€251,289below the sector's middle half
Solvency17.2%below the sector's middle half▲ 3.4pp18.8%below the sector's middle half▲ 1.6pp19.7%below the sector's middle half▲ 0.9pp27.5%within the sector's middle half▲ 7.8pp12.4%below the sector's middle half▼ 15.1pp
Current ratio0.86below the sector's middle half▼ 0.090.96below the sector's middle half▲ 0.101.10below the sector's middle half▲ 0.131.06below the sector's middle half▼ 0.030.62below the sector's middle half▼ 0.44
Return on assets (ROA)3.9%within the sector's middle half▲ 1.4pp2.5%within the sector's middle half▼ 1.4pp0.7%within the sector's middle half▼ 1.8pp1.3%within the sector's middle half▲ 0.6pp-19.7%below the sector's middle half▼ 20.9pp
Staff (FTE)6.9within the sector's middle half8within the sector's middle half▲ 15.9%9.1within the sector's middle half▲ 13.8%10within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €234,242 after €61,623 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.0m ▼ 3.5%
Current assets
€411,410 ▼ 33.3%
Equity and liabilities €1.4m
Equity
€178,159 ▼ 61.3%
Debt
€1.3m ▲ 3.3%
Debt's share of the balance-sheet total rises from 72.5% to 87.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€197,708▼
2023 · €106,035
Cash flow
-€245,179▼
2023 · €65,444
Quick ratio
0.15▼
2023 · 0.39
Debt to equity
7.05▲
2023 · 2.64
ROE
-158.1%▼
2023 · 4.6%
Interest coverage
-4.11▼
2023 · 3.21
Debt ≤ 1 year
€662,699▲
2023 · €579,740
Debt > 1 year
€592,638▼
2023 · €635,212
Income taxes
€161▼
2023 · €8,583
Staff costs
€448,223▼
2023 · €621,791
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €808 | €8,268 | €10,449 | €3,811 | ▼ 63.5% |
| Remuneration, social security and pensions62 | - | €432,129 | €567,994 | €621,791 | €448,223 | ▼ 27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,907 | €37,585 | €45,346 | €44,412 | €36,534 | ▼ 17.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1 | €1 | ▼ 16.3% |
| Other operating charges640/8 | - | €4,833 | €5,255 | €2,555 | €7,243 | ▲ 183% |
| Non-recurring operating charges66A | - | €500 | €2,865 | €307 | €6,483 | ▲ 2,012% |
| Gross operating margin9900 | €498,490 | €537,795 | €686,247 | €730,689 | €264,242 | ▼ 63.8% |
| Operating profit (loss)9901 | €85,145 | €62,748 | €64,787 | €61,623 | -€234,242 | ▼ 480% |
| Financial income75/76B | - | €1,569 | €1,765 | €1,035 | €758 | ▼ 26.8% |
| Recurring financial income75 | €1,025 | €1,569 | €1,765 | €1,035 | €758 | ▼ 26.8% |
| Financial charges65/66B | - | €29,810 | €55,079 | €33,044 | €48,068 | ▲ 45.5% |
| Recurring financial charges65 | €34,042 | €29,810 | €55,079 | €33,044 | €48,068 | ▲ 45.5% |
| Profit (loss) for the period before taxes9903 | €52,127 | €34,508 | €11,473 | €29,614 | -€281,552 | ▼ 1,051% |
| Income taxes67/77 | €300 | €127 | €2,298 | €8,583 | €161 | ▼ 98.1% |
| Profit (loss) for the period9904 | €51,827 | €34,381 | €9,175 | €21,031 | -€281,713 | ▼ 1,439% |
| Profit (loss) for the period to be appropriated9905 | €51,827 | €34,381 | €9,175 | €21,031 | -€281,713 | ▼ 1,439% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.4m | €1.4m | €1.7m | €1.4m | ▼ 14.4% |
| Fixed assets21/28 | €908,415 | €918,000 | €908,960 | €1.1m | €1.0m | ▼ 3.5% |
| Tangible fixed assets22/27 | €908,171 | €917,755 | €908,715 | €1.1m | €1.0m | ▼ 3.5% |
| Land and buildings22 | - | €875,536 | €857,448 | €1.0m | €979,128 | ▼ 2.1% |
| Plant, machinery and equipment23 | - | €1,181 | €2,890 | €4,250 | €3,263 | ▼ 23.2% |
| Furniture and vehicles24 | - | €9,594 | €13,077 | €15,792 | €13,686 | ▼ 13.3% |
| Leasing and similar rights25 | - | €27,056 | €35,300 | €38,307 | €25,765 | ▼ 32.7% |
| Other tangible fixed assets26 | - | €4,388 | - | - | - | - |
| Financial fixed assets28 | €245 | €245 | €245 | €245 | €245 | = |
| Current assets29/58 | €419,904 | €479,986 | €466,844 | €616,690 | €411,410 | ▼ 33.3% |
| Stocks and contracts in progress3 | €105,580 | €113,814 | €183,899 | €389,993 | €311,988 | ▼ 20.0% |
| Stocks30/36 | - | €113,814 | €183,899 | €389,993 | €311,988 | ▼ 20.0% |
| Amounts receivable within one year40/41 | €299,171 | €363,616 | €280,468 | €216,100 | €94,513 | ▼ 56.3% |
| Trade receivables40 | - | €348,919 | €256,189 | €200,477 | €80,960 | ▼ 59.6% |
| Other amounts receivable41 | - | €14,697 | €24,278 | €15,623 | €13,554 | ▼ 13.2% |
| Cash at bank and in hand54/58 | €15,154 | €2,555 | €2,478 | €8,174 | €603 | ▼ 92.6% |
| Deferred charges and accrued income490/1 | - | - | - | €2,422 | €4,305 | ▲ 77.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.4m | €1.4m | €1.7m | €1.4m | ▼ 14.4% |
| Equity10/15 | €228,644 | €262,336 | €270,754 | €460,504 | €178,159 | ▼ 61.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €20,460 | ▲ 10.0% |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | €20,460 | ▲ 10.0% |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | €20,460 | ▲ 10.0% |
| Revaluation surpluses12 | - | - | - | €169,424 | €169,424 | = |
| Reserves13 | €91,383 | €91,383 | €91,383 | €91,383 | €89,523 | ▼ 2.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Tax-exempt reserves132 | - | €4,023 | €4,023 | €4,023 | €4,023 | = |
| Distributable reserves133 | - | €85,500 | €85,500 | €85,500 | €85,500 | = |
| Profit (loss) carried forward14 | €65,336 | €99,716 | €108,891 | €129,923 | -€151,790 | ▼ 217% |
| Investment grants15 | - | €52,637 | €51,880 | €51,175 | €50,543 | ▼ 1.2% |
| Amounts payable17/49 | €1.1m | €1.1m | €1.1m | €1.2m | €1.3m | ▲ 3.3% |
| Amounts payable after more than one year17 | €610,933 | €637,413 | €677,067 | €635,212 | €592,638 | ▼ 6.7% |
| Financial debts170/4 | - | €637,413 | €677,067 | €635,212 | €592,638 | ▼ 6.7% |
| Amounts payable within one year42/48 | €488,743 | €498,236 | €425,392 | €579,740 | €662,699 | ▲ 14.3% |
| Current portion of amounts payable after more than one year42 | - | €36,519 | €40,346 | €43,934 | €45,004 | ▲ 2.4% |
| Financial debts43 | - | €17,580 | - | €17,294 | €5,469 | ▼ 68.4% |
| Credit institutions430/8 | - | €17,580 | - | €17,294 | €5,469 | ▼ 68.4% |
| Trade debts44 | €249,586 | €285,340 | €189,818 | €340,572 | €293,416 | ▼ 13.8% |
| Suppliers440/4 | - | €285,340 | €189,818 | €340,572 | €293,416 | ▼ 13.8% |
| Taxes, remuneration and social security45 | - | €114,115 | €142,459 | €125,622 | €272,352 | ▲ 117% |
| Taxes450/3 | - | €12,137 | €24,223 | €50,511 | €73,361 | ▲ 45.2% |
| Remuneration and social security454/9 | - | €101,978 | €118,236 | €75,111 | €198,990 | ▲ 165% |
| Other amounts payable47/48 | - | €44,682 | €52,769 | €52,318 | €46,458 | ▼ 11.2% |
| Accrued charges and deferred income492/3 | - | - | €2,591 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,827 | €34,381 | €9,175 | €21,031 | -€281,713 | ▼ 1,439% |
| + Depreciation and write-downs630 | €37,907 | €37,585 | €45,346 | €44,412 | €36,534 | ▼ 17.7% |
| Operating cash flow (approximation) | €89,734 | €71,966 | €54,520 | €65,444 | -€245,179 | ▼ 475% |
| Investment in fixed assets (approximation) | - | -€47,169 | -€36,306 | -€194,218 | €146 | ▲ 100% |
| Change in cash | - | -€12,598 | -€77 | €5,696 | -€7,571 | ▼ 233% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€281,713
Net result drops to -€281,713, the lowest in the series.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €51,827 ▲60%
Operating result €85,145, net result €51,827, both a record.
31-12
Financial
Equity above €200,000Eq €228,644 ▲28.8%
3 profitable years in a row build equity to €228,644.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Equity above €150,000Eq €177,496 ▲94.8%
2 profitable years in a row build equity to €177,496.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
07-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 160 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
17-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 109 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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
Registered office, Namur · 1 establishment unit since 2008
Ground area
2,077 m²
Building footprint
521 m²
Parcel 92120F0026/00Z002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Solar Concept
since 20082.171.551.371
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92120F0026/00Z002 | Wallonia | 2,077 m² | 1 · 521 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,094 companies in sector 43240 we hold annual accounts for 1,635. 1,314 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
E-mail
solar-concept@hotmail.comNamur
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897662249
Registered
27-03-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.