Financials
- Financial year
- 2025
- Turnover
- €6.3m
- Loss
- -€10.6m
- Solvency
- 16.9%
Turnover▲ 91.3%
Net result
20232025
Solar PFK
ActiveSummary
Solar PFK has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21.3m and a net result of -€10.6m. Equity is shrinking by about 18% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Buying and selling of own real estate
NACE 68110
1 site
Size
€6.3mturnover 2025
- Equity
- €21.3m
- Loss
- -€10.6m
Structure
- Parent
- SOLAR HOLDCO · 100%
- Hanne MaesDirector
2025 accounts 69 days early4 of 16 deeds summarised
Why 84raises riskLoss of €10.6m, the second in a row (financial year 2025)1 of the last 3 lateLiquidity: current ratio 0.60, cash €6.8mlowers riskSize: turnover €6.3m, total assets €125.8mShow the evidence
Checked score
Score 2025
84
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 30% of its sector peers (NACE 68, large)
Financial strength · tick = 2024
Weak
Solvency
42-9
equity 16.9% of total assets
Liquidity
48+4
short-term debt 23.9% · cash 5.4%
Profitability
5-29
return on assets -8.5%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.6%
12-2024: 1.9%▲ +0.3 percentage points vs 11-2024
01-2025: 3.1%▲ +1.2 percentage points vs 12-2024highest value
02-2025: 1.9%▼ -1.2 percentage points vs 01-2025
03-2025: 0.5%▼ -1.4 percentage points vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.2%▼ -0.3 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026lowest value
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €600,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.6, compared with 0.41 in 2024, below 1; short-term debt: 23.9% and cash: 5.4% of total assets), and 83.1% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, large): better than 33% on solvency, 38% on liquidity, 1% on profitability and 49% on growth.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 23-05-2026, 69 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
69 days early
2024
58 days early
2023
208 days late
2022
562 days late
2021
115 days late
2020
256 days late
2019
621 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 234 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 November (4 of the last 5 filed years within 184 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
- Resignation: Jan Wangermann (director)Director discharge · Power of…
- Annual accounts filedfinancial year 2025 · unclassified…
- Weakest financial yearnet -€10.6m
Key points
- Risk: 3 loss-making years in a rowloss financial year 2025 -€10.6m View
- Positive: Turnover rose in 2025from €3.3m to €6.3m ▲ 91.3% View
- Caution: A director leftlatest change 10-08-2026 · 1 in office 1 left View
- Controlled by SOLAR HOLDCOultimately: PATRIZIA Frankfurt kapitalverwaltungsgesellschaft 100% View
By topic
Board & ownership
- Board
- 1 member
- Parent
- SOLAR HOLDCO · 100%
- Hanne MaesDirector
Network & group
- Group
- PATRIZIA Frankfurt kapitalverwaltungsgesellschaft
Timeline
- Events
- 23
- Since
- 2009
- Next accounts
- by 31-07-2027
- 30-07-2025Resignation: Suzy Denys (director)
- 03-06-2025Annual accounts filed
- 24-02-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Buying and selling of own real estateNACE 68110
- Founded
- 29-05-2008
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about Solar PFK
- What is the company number of Solar PFK?
- 0898.217.327. In Belgium the VAT number is the company number with BE in front: BE 0898.217.327.
- Where is Solar PFK based?
- The registered office is at Kunstlaan 56, 1000 Brussel.Company details
- What does Solar PFK do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of Solar PFK?
- Private limited company (BV).
- When was Solar PFK founded?
- On 29-05-2008.
- Is Solar PFK still active?
- Yes, Solar PFK is an active enterprise in the KBO register.
- What is the turnover of Solar PFK?
- €6.3m in financial year 2025, according to the filed annual accounts.Financials
- Is Solar PFK profitable?
- In financial year 2025, Solar PFK made a loss of €10.6m.
- Where can I find the annual accounts of Solar PFK?
- Solar PFK filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Solar PFK due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to Solar PFK
Parent and group
- SOLAR HOLDCO100%
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