Solar Engineering
ActiveSummary
The computed 12-month bankruptcy probability of Solar Engineering is 2.5% (moderate). The 2025 annual accounts show equity of €37k and a net result of €29k. Its solvency ranks better than 14% of 27965 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+3
Solvency36▲+5
Growth78
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.33 in 2024; short-term debt: 70.9% and cash: 31.6% of total assets), and 89.4% of the assets are financed with debt.
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Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
on the day
2024
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€37k▲ 16.5%
2024 · €32k
Total assets
€353k▼ 28.9%
2024 · €496k
Net result
€29k▲ 0.7%
2024 · €29k
Working capital
€63k▼ 44.9%
2024 · €114k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€44k-€34k▼ 22.5%
Net result€29k-€29k▲ 0.7%
Equity€32k-€37k▲ 16.5%
Total assets€496k-€353k▼ 28.9%
Debt€405k-€250k▼ 38.3%
Working capital€114k-€63k▼ 44.9%
Staff (FTE)1.1-0.7▼ 36.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €353k
Fixed assets
€40k ▲ 23.5%
Current assets
€313k ▼ 32.5%
Equity and liabilities €353k
Equity
€37k ▲ 16.5%
Provisions
€65k ▲ 11.3%
Debt
€250k ▼ 38.3%
Debt's share of the balance-sheet total falls from 81.7% to 70.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45k▼
2024 · €55k
Cash flow
€39k▼
2024 · €40k
Current ratio
1.25▼
2024 · 1.33
Quick ratio
0.77▼
2024 · 0.78
Debt to equity
6.69▼
2024 · 12.64
ROE
78.4%▼
2024 · 90.6%
ROA
8.3%▲
2024 · 5.9%
Interest coverage
20.16▲
2024 · 14.87
Debt ≤ 1 year
€250k▼
2024 · €350k
Income taxes
€3k▼
2024 · €10k
Staff costs
€16k▼
2024 · €62k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €62k | €16k | ▼ 73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €10k | ▼ 7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €21k | €-13k | ▼ 160% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €24k | €7k | ▼ 72.1% |
| Other operating charges640/8 | €1k | €916 | ▼ 10.6% |
| Gross operating margin9900 | €163k | €56k | ▼ 65.7% |
| Operating profit (loss)9901 | €44k | €34k | ▼ 22.5% |
| Financial income75/76B | €674 | €195 | ▼ 71.0% |
| Recurring financial income75 | €674 | €195 | ▼ 71.0% |
| Financial charges65/66B | €6k | €2k | ▼ 65.7% |
| Recurring financial charges65 | €4k | €2k | ▼ 40.7% |
| Non-recurring financial charges66B | €3k | - | - |
| Profit (loss) for the period before taxes9903 | €39k | €32k | ▼ 16.1% |
| Income taxes67/77 | €10k | €3k | ▼ 66.9% |
| Profit (loss) for the period9904 | €29k | €29k | ▲ 0.7% |
| Profit (loss) for the period to be appropriated9905 | €29k | €29k | ▲ 0.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €496k | €353k | ▼ 28.9% |
| Fixed assets21/28 | €32k | €40k | ▲ 23.5% |
| Tangible fixed assets22/27 | €32k | €40k | ▲ 24.0% |
| Plant, machinery and equipment23 | €5k | €14k | ▲ 201% |
| Furniture and vehicles24 | €27k | €26k | ▼ 5.4% |
| Financial fixed assets28 | €270 | €170 | ▼ 37.0% |
| Current assets29/58 | €464k | €313k | ▼ 32.5% |
| Stocks and contracts in progress3 | €191k | €120k | ▼ 36.9% |
| Stocks30/36 | €191k | €120k | ▼ 36.9% |
| Amounts receivable within one year40/41 | €205k | €72k | ▼ 65.1% |
| Trade receivables40 | €110k | €59k | ▼ 46.8% |
| Other amounts receivable41 | €95k | €13k | ▼ 86.4% |
| Cash at bank and in hand54/58 | €64k | €111k | ▲ 75.1% |
| Deferred charges and accrued income490/1 | €4k | €10k | ▲ 124% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €496k | €353k | ▼ 28.9% |
| Equity10/15 | €32k | €37k | ▲ 16.5% |
| Contributions10/11 | €3k | €3k | = |
| Profit (loss) carried forward14 | €29k | €34k | ▲ 18.2% |
| Provisions and deferred taxes16 | €59k | €65k | ▲ 11.3% |
| Provisions for liabilities and charges160/5 | €59k | €65k | ▲ 11.3% |
| Other liabilities and charges164/5 | €59k | €65k | ▲ 11.3% |
| Amounts payable17/49 | €405k | €250k | ▼ 38.3% |
| Amounts payable within one year42/48 | €350k | €250k | ▼ 28.5% |
| Trade debts44 | €334k | €196k | ▼ 41.1% |
| Suppliers440/4 | €334k | €196k | ▼ 41.1% |
| Taxes, remuneration and social security45 | €16k | €9k | ▼ 42.0% |
| Taxes450/3 | €10k | €4k | ▼ 56.6% |
| Remuneration and social security454/9 | €6k | €5k | ▼ 19.5% |
| Other amounts payable47/48 | €241 | €44k | ▲ 18,237% |
| Accrued charges and deferred income492/3 | €56k | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €29k | ▲ 0.7% |
| + Depreciation and write-downs630 | €11k | €10k | ▼ 7.9% |
| Operating cash flow (approximation) | €40k | €39k | ▼ 1.6% |
| Investment in fixed assets (approximation) | - | €-18k | - |
| Change in cash | - | €48k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 5 acts read
About the unread acts
We know of 5 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
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
Registered office, Roosdaal · 1 establishment unit since 2022
Ground area
428 m²
Building footprint
266 m²
Volume, LiDAR
1,430 m³
Parcel 23011B0212/00G000, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Solar Engineering
since 20222.331.252.666
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23011B0212/00G000 | Flanders | 428 m² | 2 · 266 m² | 10.1 m · 3 fl. |
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 22,832 companies in sector 43211 we hold annual accounts for 10,328. 8,268 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
Founded29-04-2022
Fiscal year end31-03
Activities, NACEBEL 2025
43211General electrical installation work
25110Manufacture of metal structures and parts of structures
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43240Other construction installation
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.