The computed 12-month bankruptcy probability of Solar Empire is 3.6% (moderate). The 2024 annual accounts show equity of €35k and a net result of €32k. Its solvency ranks better than 31% of 7446 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Axes, FY 2024
Profitability100
Solvency55
Growth-
Track record79
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
29.6%
Return on assets
27.1%
Age of the figures
30 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 31-10-2024, 0 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2024
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€35k
Total assets
€118k
Net result
€32k
Working capital
€24k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
Assets €118k
Fixed assets
€11k
Current assets
€107k
Equity and liabilities €118k
Equity
€35k
Debt
€83k
Debt finances 70.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€45k
Cash flow
€32k
Solvency
29.6%
Current ratio
1.29
Quick ratio
1.29
Debt / equity
2.37
ROE
91.4%
ROA
27.1%
Interest coverage
9.60
Debt
€83k
Debt ≤ 1 year
€83k
Income taxes
€10k
Staff costs
€103k
Filed annual accounts
As filed with the NBB · 2024
Balance sheet
Code2024
Assets
Total assets20/58€118k
Fixed assets21/28€11k
Tangible fixed assets22/27€3k
Furniture and vehicles24€3k
Financial fixed assets28€8k
Current assets29/58€107k
Amounts receivable within one year40/41€79k
Trade receivables40€53k
Other amounts receivable41€26k
Cash at bank and in hand54/58€24k
Deferred charges and accrued income490/1€4k
Equity and liabilities
Total equity and liabilities10/49€118k
Equity10/15€35k
Contributions10/11€3k
Reserves13€32k
Distributable reserves133€32k
Amounts payable17/49€83k
Amounts payable within one year42/48€83k
Trade debts44€65k
Suppliers440/4€65k
Taxes, remuneration and social security45€14k
Taxes450/3€11k
Remuneration and social security454/9€3k
Other amounts payable47/48€3k
Income statement
Code2024
Remuneration, social security and pensions62€103k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€164
Other operating charges640/8€4k
Gross operating margin9900€152k
Operating profit (loss)9901€45k
Financial income75/76B€1k
Recurring financial income75€1k
Financial charges65/66B€5k
Recurring financial charges65€5k
Profit (loss) for the period before taxes9903€42k
Income taxes67/77€10k
Profit (loss) for the period9904€32k
Profit (loss) for the period to be appropriated9905€32k
Appropriation of the result
Profit (loss) to be appropriated9906€32k
Transfer to equity691/2€32k
To other reserves6921€32k
Social balance
Average headcount (FTE)90872.5
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
NBB filing
Directors · office · real estate
Directors
3 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
1 establishment unit since 2023
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.
Ground area
2.3 ha
Building footprint
1.7 ha
Volume, LiDAR
132,097 m³
2 parcels, Flanders · tallest building 74.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Solar Empire
since 20232.343.759.332
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0459/00X010 | Flanders | 1.2 ha | 1 · 1.1 ha | 74.2 m · 2 fl. |
| 44017D0805/00W000 | Flanders | 1.2 ha | 1 · 6,017 m² | 17.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 528 EUR awarded · 528 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 528 EUR | 528 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,097 companies in sector 43240 we hold annual accounts for 1,632. 1,269 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-03-2023
Fiscal year end31-03
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
41001General construction of residential buildings
43211General electrical installation work
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.