Solarco
ActiveSolarco has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.19M and a net result of €343k. Equity is growing by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 94% of 276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
98
/ 100
Excellent▲ +12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+57
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 2.43 against 4.22 in 2024), and 9.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
90.6%
Return on assets
26%
Age of the figures
8 mo
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
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 07-04-2026, 115 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
115 d early
2024
35 d early
2023
34 d early
2022
39 d early
2021
23 d early
2020
29 d early
2019
28 d late
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.19M▼ 21.0%
2024 · €1.51M
2019: €190k
2020: €414k
2021: €633k
2022: €900k
2023: €1.38M
2024: €1.51M
2019 → 2025
Total assets
€1.32M▼ 21.6%
2024 · €1.68M
2019: €503k
2020: €1.27M
2021: €1.57M
2022: €1.66M
2023: €4.66M
2024: €1.68M
2019 → 2025
Net result
€343k▲ 165%
2024 · €129k
2019: €40k
2020: €40k
2021: €219k
2022: €466k
2023: €3.48M
2024: €129k
2019 → 2025
Working capital
€79k▼ 62.2%
2024 · €210k
2019: €57k
2020: €-400k
2021: €-421k
2022: €-279k
2023: €396k
2024: €210k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€633k-€900k▲ 42.1%€1.38M▲ 53.5%€1.51M▲ 9.4%€1.19M▼ 21.0%
Operating result€240k-€568k▲ 136%€4.30M▲ 657%€136k▼ 96.8%€325k▲ 138%
Net result€219k-€466k▲ 113%€3.48M▲ 646%€129k▼ 96.3%€343k▲ 165%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 138% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.32M
Fixed assets
€1.18M▼ 15.9%
Current assets
€135k▼ 51.0%
Equity and liabilities €1.32M
Equity
€1.19M▼ 21.0%
Debt
€123k▼ 27.2%
The debt ratio falls from 10.1% to 9.4%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€415k▲
2024 · €221k
Cash flow
€433k▲
2024 · €215k
Solvency
90.6%▲
2024 · 89.9%
Current ratio
2.43▼
2024 · 4.22
Quick ratio
2.43▼
2024 · 4.22
Debt / equity
0.10▼
2024 · 0.11
ROE
28.7%▲
2024 · 8.6%
ROA
26.0%▲
2024 · 7.7%
Interest coverage
169.76▲
2024 · 73.43
Debt
€123k▼
2024 · €169k
Debt ≤ 1 year
€55k▼
2024 · €65k
Debt > 1 year
€68k▼
2024 · €104k
Income taxes
€7k▼
2024 · €40k
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€1.68M€1.32M▼
Fixed assets21/28€1.40M€1.18M▼
Tangible fixed assets22/27€1.40M€1.18M▼
Plant, machinery and equipment23€1.04M€1.18M▲
Assets under construction and advance payments27€360k€0▼
Financial fixed assets28€4k€4k=
Current assets29/58€275k€135k▼
Amounts receivable within one year40/41€38k€80k▲
Trade receivables40€37k€28k▼
Other amounts receivable41€316€51k▲
Current investments50/53€200k€0▼
Cash at bank and in hand54/58€35k€53k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.68M€1.32M▼
Equity10/15€1.51M€1.19M▼
Contributions10/11€350k€350k=
Reserves13€862k€844k▼
Tax-exempt reserves132€860k€679k▼
Distributable reserves133€2k€165k▲
Profit (loss) carried forward14€299k€0▼
Amounts payable17/49€169k€123k▼
Amounts payable after more than one year17€104k€68k▼
Financial debts170/4€104k€68k▼
Amounts payable within one year42/48€65k€55k▼
Current portion of amounts payable after more than one year42€35k€36k▲
Trade debts44€29k€19k▼
Suppliers440/4€29k€19k▼
Taxes, remuneration and social security45€974€0▼
Taxes450/3€974€0▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€341€138▼
Income statement
Code20242025
Non-recurring operating income76A€0€116k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€91k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€223k€416k▲
Operating profit (loss)9901€136k€325k▲
Financial income75/76B€36k€28k▼
Recurring financial income75€36k€28k▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€169k€350k▲
Income taxes67/77€40k€7k▼
Profit (loss) for the period9904€129k€343k▲
Transfer from tax-exempt reserves789-€181k
Transfer to tax-exempt reserves689€10k€0▼
Profit (loss) for the period to be appropriated9905€119k€523k▲
Appropriation of the result
Profit (loss) to be appropriated9906€299k€823k▲
Profit (loss) brought forward from the previous period14P€180k€299k▲
Transfer to equity691/2-€163k
To other reserves6921-€163k
Profit to be distributed694/7€0€660k▲
Return on contributions (dividend)694€0€500k▲
Directors or managers695€0€160k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (17 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
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 4.22
Current ratio from 1.13 to 4.22; short-term debt falls from €3.14M to €65k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2019net €3.48M ▲646%
Operating result €4.30M, net result €3.48M, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.13
Current ratio from 0.39 to 1.13.
31-12
Financial
Equity above €1MEq €1.38M ▲53.5%
5 profitable years in a row build equity to €1.38M.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €633k ▲53%
3 profitable years in a row build equity to €633k.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €414k ▲118%
2 profitable years in a row build equity to €414k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Deinze · 1 establishment unit since 2018
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.
Herpinsakker 289800 DeinzeGround area
1,281 m²
Building footprint
300 m²
Volume, LiDAR
1,444 m³
Parcel 44011A1068/00L000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Solarco
since 20182.272.719.205
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44011A1068/00L000 | Flanders | 1,281 m² | 1 · 300 m² | 7.8 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 28,316 EUR awarded · 28,316 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 28,316 EUR |
| 2022 | 1 | 28,316 EUR | 0 EUR |
Schemes
Procedure groene warmte, restwarmte en energie-efficiënte stadsverwarming
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Of 557 companies in sector 35150 we hold annual accounts for 225. 123 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-01-2018
Fiscal year end31-12
Activities, NACEBEL
35150Electricity, gas, steam and air conditioning supply
64200Holdings
64210Activities of holding companies
69109Other legal services
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.