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SolarBoost

Active
Private limited companyfounded 20233 yrs activeLt. Graffplein 15, 1780 Wemmel, BelgiumKBO/BCE: BE 0802.632.537
Summary

The computed 12-month bankruptcy probability of SolarBoost is 3.3% (moderate). The 2025 annual accounts show equity of €50,902 and a net result of €54,816. Its solvency ranks better than 45% of 28281 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+94
Solvency68▲+51
Growth78
Track record94
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.87 against 0.6 in 2024; short-term debt: 26% and cash: 48.2% of total assets), but 57.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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 · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
42.8%
Return on assets
46.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
3 d early
2024
123 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 60 days after 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 12 June 2023, SolarBoost was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Turnover
€185,882
EBIT margin
-3.2%
Net result
€54,816
2024 · -€5,914
Working capital
€57,856
2024 · -€21,364
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
Line20242025
Turnover€185,882-
Operating result-€5,892-€69,409
Net result-€5,914below the sector's middle half-€54,816above the sector's middle half
EBIT margin-3.2%-
Equity-€3,914below the sector's middle half-€50,902within the sector's middle half
Total assets€50,004below the sector's middle half-€119,019within the sector's middle half▲ 138%
Debt€53,918-€68,117▲ 26.3%
Working capital-€21,364below the sector's middle half-€57,856within the sector's middle half
Solvency-7.8%below the sector's middle half-42.8%within the sector's middle half▲ 50.6pp
Current ratio0.60below the sector's middle half-2.87within the sector's middle half▲ 2.27
Return on assets (ROA)-11.8%below the sector's middle half-46.1%above the sector's middle half▲ 57.9pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000€60,000Operating result 2024: -€5,892-€5,892Net result 2024: -€5,914-€5,914Operating result 2025: €69,409€69,409Net result 2025: €54,816€54,81620242025-€20,000€0€20,000€40,000€60,000Operating result 2024: -€5,892-€5,890Net result 2024: -€5,914-€5,910Operating result 2025: €69,409€69,400Net result 2025: €54,816€54,80020242025
The operating result returns to profit in 2025: €69,409 after a loss of €5,892 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €119,019
Fixed assets €30,276 ▲ 73.5%
Current assets €88,743 ▲ 173%
Equity and liabilities €119,019
Equity €50,902
Debt €68,117
Debt finances 57.2% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€78,768▲
2024 · -€5,084
Cash flow
€64,175▲
2024 · -€5,107
Debt to equity
1.34▲
2024 · -13.78
ROE
107.7%
Interest coverage
10731.31▲
2024 · -229.23
Debt ≤ 1 year
€30,887▼
2024 · €53,918
Income taxes
€15,070
Staff costs
€43,357▲
2024 · €3,620
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€50,004€119,019▲
Fixed assets21/28€17,450€30,276▲
Tangible fixed assets22/27€16,800€29,626▲
Plant, machinery and equipment23-€6,666
Furniture and vehicles24€16,800€22,960▲
Financial fixed assets28€650€650=
Current assets29/58€32,554€88,743▲
Amounts receivable within one year40/41€17,247€30,737▲
Trade receivables40€12,987€26,360▲
Other amounts receivable41€4,260€4,377▲
Cash at bank and in hand54/58€15,308€57,315▲
Deferred charges and accrued income490/1-€691
Equity and liabilities
Total equity and liabilities10/49€50,004€119,019▲
Equity10/15-€3,914€50,902▲
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14-€5,914€48,902▲
Amounts payable17/49€53,918€68,117▲
Amounts payable within one year42/48€53,918€30,887▼
Trade debts44€41,427€573▼
Suppliers440/4€41,427€573▼
Taxes, remuneration and social security45€1,516€30,314▲
Taxes450/3€275€21,938▲
Remuneration and social security454/9€1,241€8,376▲
Other amounts payable47/48€10,976-
Accrued charges and deferred income492/3-€37,230
Income statement Code20242025
Turnover70€185,882-
Goods, raw materials, services and sundry goods60/61€183,602-
Remuneration, social security and pensions62€3,620€43,357▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€808€9,358▲
Other operating charges640/8€3,744€1,684▼
Gross operating margin9900€2,280€123,808▲
Operating profit (loss)9901-€5,892€69,409▲
Financial income75/76B-€484
Recurring financial income75-€484
Financial charges65/66B€22€7▼
Recurring financial charges65€22€7▼
Profit (loss) for the period before taxes9903-€5,914€69,886▲
Income taxes67/77-€15,070
Profit (loss) for the period9904-€5,914€54,816▲
Profit (loss) for the period to be appropriated9905-€5,914€54,816▲
Appropriation of the result
Profit (loss) to be appropriated9906-€5,914€48,902▲
Profit (loss) brought forward from the previous period14P--€5,914

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Turnover70€185,882--
Goods, raw materials, services and sundry goods60/61€183,602--
Remuneration, social security and pensions62€3,620€43,357▲ 1,098%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€808€9,358▲ 1,059%
Other operating charges640/8€3,744€1,684▼ 55.0%
Gross operating margin9900€2,280€123,808▲ 5,329%
Operating profit (loss)9901-€5,892€69,409▲ 1,278%
Financial income75/76B-€484-
Recurring financial income75-€484-
Financial charges65/66B€22€7▼ 66.9%
Recurring financial charges65€22€7▼ 66.9%
Profit (loss) for the period before taxes9903-€5,914€69,886▲ 1,282%
Income taxes67/77-€15,070-
Profit (loss) for the period9904-€5,914€54,816▲ 1,027%
Profit (loss) for the period to be appropriated9905-€5,914€54,816▲ 1,027%
Line20242025Change
Assets
Total assets20/58€50,004€119,019▲ 138%
Fixed assets21/28€17,450€30,276▲ 73.5%
Tangible fixed assets22/27€16,800€29,626▲ 76.3%
Plant, machinery and equipment23-€6,666-
Furniture and vehicles24€16,800€22,960▲ 36.7%
Financial fixed assets28€650€650=
Current assets29/58€32,554€88,743▲ 173%
Amounts receivable within one year40/41€17,247€30,737▲ 78.2%
Trade receivables40€12,987€26,360▲ 103%
Other amounts receivable41€4,260€4,377▲ 2.7%
Cash at bank and in hand54/58€15,308€57,315▲ 274%
Deferred charges and accrued income490/1-€691-
Equity and liabilities
Total equity and liabilities10/49€50,004€119,019▲ 138%
Equity10/15-€3,914€50,902▲ 1,400%
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14-€5,914€48,902▲ 927%
Amounts payable17/49€53,918€68,117▲ 26.3%
Amounts payable within one year42/48€53,918€30,887▼ 42.7%
Trade debts44€41,427€573▼ 98.6%
Suppliers440/4€41,427€573▼ 98.6%
Taxes, remuneration and social security45€1,516€30,314▲ 1,900%
Taxes450/3€275€21,938▲ 7,889%
Remuneration and social security454/9€1,241€8,376▲ 575%
Other amounts payable47/48€10,976--
Accrued charges and deferred income492/3-€37,230-
Line20242025Change
Profit (loss) for the period9904-€5,914€54,816▲ 1,027%
+ Depreciation and write-downs630€808€9,358▲ 1,059%
Operating cash flow (approximation)-€5,107€64,175▲ 1,357%
Investment in fixed assets (approximation)--€22,184-
Change in cash-€42,007-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
28-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial Back to profitnet €54,816
Net result €54,816 after one loss-making year.
30-06
Financial Liquidity times 5current ratio 2.87
Current ratio from 0.60 to 2.87; short-term debt falls from €53,918 to €30,887.
03-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 123 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Wemmel · 2 establishment units since 2023
seat establishment approximate All 2 establishment units on the map
Ground area
901 m²
Building footprint
292 m²
Volume, LiDAR
2,546 m³
2 parcels, Flanders, Wallonia · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
471 companies at this address See who is registered here
2 establishment units
SolarBoost
General electrical installation work
since 20232.347.556.782
SolarBoost 2
Rue Jean Jaurès 74, 6020 CharleroiGeneral electrical installation work
since 20242.356.049.826
2 parcels
Flanders 1 (50%) Wallonia 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
52016C0240/00A000 Wallonia 754 m² 1 · 147 m² 9.1 m · 2 fl.
22662B0387/00R004 Flanders 147 m² 1 · 144 m² 14.9 m · 4 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Recognised contractor

3 categories
SolarBoost BV44223
category D12, class 1 · category D4, class 1 · category D8, class 1
decision 02-10-2024

Similar companies · same sector, comparable size

Of 15,524 companies in sector 43990 we hold annual accounts for 7,429. 6,111 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
Founded12-06-2023
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
43211General electrical installation work
43240Other construction installation
43421Specialised construction activities
47811Retail sale of cars and light vans (up to 3.5 tonnes)
71201Architectural and engineering activities; technical testing and analysis
Contact
E-mail fathi-el-hellaj@hotmail.comCharleroi
Phone +32(0)485418173Charleroi
E-invoicing
Reachable via Peppol
Peppol ID 0208:0802632537
Registered 03-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.