SOLAR FORCE ALFA
ActiveFor the legal form of SOLAR FORCE ALFA, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €295k and a net result of €32k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 62% of 1991 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
79
/ 100
Excellent▲ +20 vs 2024
The score weighs solvency, liquidity and profitability. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+35
Solvency82▲+11
Growth78▲+26
Track record100
Credit verdict
Credit up to €23k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.29 in 2024; short-term debt: 30.8% and cash: 32.4% of total assets), and 43% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
34 d early
2023
56 d early
2022
4 d early
2021
60 d early
2020
30 d early
2019
15 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€295k▲ 12.2%
2024 · €263k
2018: €101k
2019: €123k
2020: €149k
2021: €172k
2022: €271k
2023: €287k
2024: €263k
2018 → 2025
Total assets
€518k▼ 8.8%
2024 · €568k
2018: €866k
2019: €747k
2020: €707k
2021: €668k
2022: €669k
2023: €597k
2024: €568k
2018 → 2025
Net result
€32k
2024 · €-24k
2018: €-8k
2019: €21k
2020: €46k
2021: €24k
2022: €99k
2023: €16k
2024: €-24k
2018 → 2025
Working capital
€33k▼ 20.2%
2024 · €41k
2018: €40k
2019: €12k
2020: €2k
2021: €17k
2022: €61k
2023: €48k
2024: €41k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€172k-€271k▲ 57.5%€287k▲ 5.9%€263k▼ 8.3%€295k▲ 12.2%
Operating result€57k-€157k▲ 177%€37k▼ 76.1%€-9k€45k
Net result€24k-€99k▲ 320%€16k▼ 83.9%€-24k€32k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €45k after a loss of €9k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €518k
Fixed assets
€326k▼ 14.8%
Current assets
€192k▲ 3.6%
Equity and liabilities €518k
Equity
€295k▲ 12.2%
Debt
€223k▼ 26.9%
The debt ratio falls from 53.6% to 43.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€102k▲
2024 · €47k
Cash flow
€89k▲
2024 · €33k
Solvency
57.0%▲
2024 · 46.4%
Current ratio
1.21▼
2024 · 1.29
Quick ratio
1.21▼
2024 · 1.29
Debt / equity
0.75▼
2024 · 1.16
ROE
10.9%▲
2024 · -9.1%
ROA
6.2%▲
2024 · -4.2%
Interest coverage
9.63▲
2024 · 3.27
Debt
€223k▼
2024 · €305k
Debt ≤ 1 year
€159k▲
2024 · €144k
Debt > 1 year
€60k▼
2024 · €156k
Income taxes
€3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€568k€518k▼
Fixed assets21/28€382k€326k▼
Tangible fixed assets22/27€382k€325k▼
Plant, machinery and equipment23€46k€39k▼
Leasing and similar rights25€335k€286k▼
Financial fixed assets28€525€525=
Current assets29/58€186k€192k▲
Amounts receivable within one year40/41€29k€21k▼
Trade receivables40€7k€13k▲
Other amounts receivable41€22k€8k▼
Cash at bank and in hand54/58€156k€168k▲
Deferred charges and accrued income490/1€321€3k▲
Equity and liabilities
Total equity and liabilities10/49€568k€518k▼
Equity10/15€263k€295k▲
Contributions10/11€100k€100k=
Reserves13€163k€195k▲
Distributable reserves133€163k€195k▲
Amounts payable17/49€305k€223k▼
Amounts payable after more than one year17€156k€60k▼
Financial debts170/4€96k€20k▼
Other amounts payable178/9€60k€40k▼
Amounts payable within one year42/48€144k€159k▲
Current portion of amounts payable after more than one year42€72k€75k▲
Trade debts44€70k€69k▼
Suppliers440/4€70k€69k▼
Taxes, remuneration and social security45€3k€15k▲
Taxes450/3€3k€15k▲
Accrued charges and deferred income492/3€5k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€57k=
Other operating charges640/8€680€895▲
Gross operating margin9900€48k€103k▲
Operating profit (loss)9901€-9k€45k▲
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€14k€11k▼
Recurring financial charges65€14k€11k▼
Profit (loss) for the period before taxes9903€-24k€35k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€-24k€32k▲
Profit (loss) for the period to be appropriated9905€-24k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€32k▲
Transfer from equity791/2€24k-
Transfer to equity691/2-€32k
To other reserves6921-€32k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-24k ▼250%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €99k ▲320%
Operating result €157k, net result €99k, both a record.
31-12
Financial
Equity above €200kEq €271k ▲57.5%
4 profitable years in a row build equity to €271k.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150kEq €172k ▲15.8%
3 profitable years in a row build equity to €172k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Turnhout · 1 establishment unit since 2011
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.
Rubensstraat 1042300 TurnhoutGround area
282 m²
Parcel 13453O0732/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
SOLAR FORCE ALFA
since 20112.204.643.912
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0732/00H000 | Flanders | 282 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 11,553 companies in sector 71121 we hold annual accounts for 6,557. 4,894 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formBesloten Vennootschap van publiek recht
Founded10-11-2011
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
35130Electricity, gas, steam and air conditioning supply
35140Electricity, gas, steam and air conditioning supply
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.