SolarDec
ActiveSummary
SolarDec has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €301,163 and a net result of €66,860. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 22% of 934 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-3
Solvency37▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 5.59 against 3.04 in 2024; short-term debt: 3.1% and cash: 2.9% of total assets), but 87.6% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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
12.4%
Return on assets
2.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 934 sector peers (2025).
NBB · sector comparisonPosition among 934 sector peers
Solvency
better than 22%
← weakest
strongest →
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 12-05-2026, 80 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
80 d early
2024
73 d early
2023
77 d early
2022
24 d early
2021
20 d early
2020
32 d early
2019
17 d early
← 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 46 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€66,860▼ 22.1%
2024 · €85,805
Working capital
€347,989▲ 131%
2024 · €150,631
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
Line20212022202320242025
Operating result€33,097▲ 39.7%€32,546▼ 1.7%€1,169▼ 96.4%€169,135▲ 14,368%€144,875▼ 14.3%
Net result€25,452▲ 69.1%€22,938▼ 9.9%-€38,392€85,805€66,860▼ 22.1%
Equity€122,022▲ 22.6%€140,580▲ 15.2%€165,958▲ 18.1%€243,033▲ 46.4%€301,163▲ 23.9%
Total assets€485,547▼ 7.1%€464,376▼ 4.4%€2.4m▲ 416%€2.4m▼ 1.9%€2.4m▲ 3.0%
Debt€363,525▼ 14.1%€323,796▼ 10.9%€2.2m▲ 589%€2.1m▼ 5.5%€2.1m▲ 0.6%
Working capital-€14,337▲ 73.7%€16,446€7,216▼ 56.1%€150,631▲ 1,987%€347,989▲ 131%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€2.0m ▼ 6.1%
Current assets
€423,883 ▲ 88.7%
Equity and liabilities €2.4m
Equity
€301,163 ▲ 23.9%
Debt
€2.1m ▲ 0.6%
Debt's share of the balance-sheet total falls from 89.7% to 87.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€273,690▼
2024 · €299,618
Cash flow
€195,675▼
2024 · €216,288
Current ratio
5.59▲
2024 · 3.04
Debt to equity
7.04▼
2024 · 8.68
ROE
22.2%▼
2024 · 35.3%
ROA
2.8%▼
2024 · 3.6%
Interest coverage
3.37▼
2024 · 3.57
Debt ≤ 1 year
€75,894▲
2024 · €74,005
Debt > 1 year
€2.0m▼
2024 · €2.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,365 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.7%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,365 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €104,151 | €98,938 | €90,244 | €343,469 | €336,039 | ▼ 2.2% |
| Other operating income74 | €104,151 | €98,938 | €90,244 | €343,469 | €336,039 | ▼ 2.2% |
| Operating charges60/66A | €71,054 | €66,392 | €89,075 | €174,334 | €191,164 | ▲ 9.7% |
| Services and other goods61 | €18,631 | €18,890 | €24,776 | €38,829 | €61,496 | ▲ 58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,114 | €45,103 | €61,838 | €130,483 | €128,815 | ▼ 1.3% |
| Other operating charges640/8 | €2,309 | €2,399 | €2,461 | €5,022 | €853 | ▼ 83.0% |
| Operating profit (loss)9901 | €33,097 | €32,546 | €1,169 | €169,135 | €144,875 | ▼ 14.3% |
| Financial income75/76B | - | - | €2 | €869 | €3,544 | ▲ 308% |
| Recurring financial income75 | - | - | €2 | €869 | €3,544 | ▲ 308% |
| Income from current assets751 | - | - | €2 | €810 | €3,543 | ▲ 337% |
| Other financial income752/9 | - | - | - | €59 | €1 | ▼ 98.3% |
| Financial charges65/66B | €7,645 | €7,521 | €39,434 | €84,199 | €81,559 | ▼ 3.1% |
| Recurring financial charges65 | €7,645 | €7,521 | €39,434 | €84,199 | €81,559 | ▼ 3.1% |
| Debt charges650 | €7,185 | €7,138 | €39,180 | €83,934 | €81,265 | ▼ 3.2% |
| Other financial charges652/9 | €460 | €383 | €254 | €265 | €294 | ▲ 10.9% |
| Profit (loss) for the period before taxes9903 | €25,452 | €25,025 | -€38,263 | €85,805 | €66,860 | ▼ 22.1% |
| Income taxes67/77 | - | €2,087 | €129 | - | - | - |
| Taxes670/3 | - | €2,087 | €129 | - | - | - |
| Profit (loss) for the period9904 | €25,452 | €22,938 | -€38,392 | €85,805 | €66,860 | ▼ 22.1% |
| Profit (loss) for the period to be appropriated9905 | €25,452 | €22,938 | -€38,392 | €85,805 | €66,860 | ▼ 22.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €485,547 | €464,376 | €2.4m | €2.4m | €2.4m | ▲ 3.0% |
| Fixed assets21/28 | €451,029 | €405,926 | €2.2m | €2.1m | €2.0m | ▼ 6.1% |
| Tangible fixed assets22/27 | €451,029 | €405,926 | €2.2m | €2.1m | €2.0m | ▼ 6.1% |
| Land and buildings22 | - | - | €1.7m | €1.8m | €1.7m | ▼ 5.3% |
| Leasing and similar rights25 | €451,029 | €405,926 | €365,333 | €328,800 | €295,920 | ▼ 10.0% |
| Assets under construction and advance payments27 | - | - | €205,099 | - | - | - |
| Current assets29/58 | €34,518 | €58,450 | €147,957 | €224,636 | €423,883 | ▲ 88.7% |
| Amounts receivable within one year40/41 | €2,535 | €1,765 | €27,640 | €152,494 | €348,792 | ▲ 129% |
| Trade receivables40 | €2,535 | €1,500 | €27,640 | €25,799 | €26,447 | ▲ 2.5% |
| Other amounts receivable41 | - | €265 | - | €126,695 | €322,345 | ▲ 154% |
| Cash at bank and in hand54/58 | €30,108 | €54,810 | €116,206 | €62,047 | €69,790 | ▲ 12.5% |
| Deferred charges and accrued income490/1 | €1,875 | €1,875 | €4,111 | €10,095 | €5,301 | ▼ 47.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €485,547 | €464,376 | €2.4m | €2.4m | €2.4m | ▲ 3.0% |
| Equity10/15 | €122,022 | €140,580 | €165,958 | €243,033 | €301,163 | ▲ 23.9% |
| Contributions10/11 | €73,000 | €73,000 | €145,500 | €145,500 | €145,500 | = |
| Capital10 | €73,000 | €73,000 | €145,500 | €145,500 | €145,500 | = |
| Issued capital100 | €73,000 | €73,000 | €145,500 | €145,500 | €145,500 | = |
| Reserves13 | €3,086 | €4,233 | €4,233 | €8,523 | €11,866 | ▲ 39.2% |
| Non-distributable reserves130/1 | €3,086 | €4,233 | €4,233 | €8,523 | €11,866 | ▲ 39.2% |
| Legal reserve130 | €3,086 | €4,233 | €4,233 | €8,523 | €11,866 | ▲ 39.2% |
| Profit (loss) carried forward14 | €45,936 | €63,347 | €16,225 | €89,010 | €143,797 | ▲ 61.6% |
| Amounts payable17/49 | €363,525 | €323,796 | €2.2m | €2.1m | €2.1m | ▲ 0.6% |
| Amounts payable after more than one year17 | €314,642 | €281,746 | €2.1m | €2.0m | €2.0m | ▼ 1.7% |
| Financial debts170/4 | €314,642 | €281,746 | €2.1m | €2.0m | €2.0m | ▼ 1.7% |
| Leasing and similar obligations172 | €314,642 | €281,746 | €248,251 | €214,144 | €179,413 | ▼ 16.2% |
| Other loans174 | - | - | €1.8m | €1.8m | €1.8m | = |
| Amounts payable within one year42/48 | €48,855 | €42,004 | €140,741 | €74,005 | €75,894 | ▲ 2.6% |
| Current portion of amounts payable after more than one year42 | €32,306 | €32,896 | €33,496 | €34,107 | €34,729 | ▲ 1.8% |
| Trade debts44 | €9,234 | €3,257 | €83,357 | €9,546 | €9,372 | ▼ 1.8% |
| Suppliers440/4 | €9,234 | €3,257 | €83,357 | €9,546 | €9,372 | ▼ 1.8% |
| Taxes, remuneration and social security45 | €1,859 | €2,087 | €5,728 | €21,622 | €23,063 | ▲ 6.7% |
| Taxes450/3 | €1,859 | €2,087 | €5,728 | €21,622 | €23,063 | ▲ 6.7% |
| Other amounts payable47/48 | €5,456 | €3,764 | €18,160 | €8,730 | €8,730 | = |
| Accrued charges and deferred income492/3 | €28 | €46 | €33,702 | €12,868 | €58,012 | ▲ 351% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,452 | €22,938 | -€38,392 | €85,805 | €66,860 | ▼ 22.1% |
| + Depreciation and write-downs630 | €50,114 | €45,103 | €61,838 | €130,483 | €128,815 | ▼ 1.3% |
| Operating cash flow (approximation) | €75,566 | €68,041 | €23,446 | €216,288 | €195,675 | ▼ 9.5% |
| Investment in fixed assets (approximation) | - | €0 | -€1.9m | -€9,202 | €0 | ▲ 100% |
| Change in cash | - | €24,702 | €61,396 | -€54,159 | €7,743 | ▲ 114% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-08
State Gazette act
Permanent representatives: Wouter Coppens, Eline Dujardin and Annelies WillemynsResignation: Vejeco BV (statutory auditor) · Reappointment: BV PwC Bedrijfsrevisoren (statutory auditor) · Appointment: Fortius BV (director)8 facts ▸
State Gazette act
Permanent representatives: Wouter Coppens, Eline Dujardin and Annelies Willemyns
Resignation: Vejeco BV (statutory auditor) · Reappointment: BV PwC Bedrijfsrevisoren (statutory auditor) · Appointment: Fortius BV (director)8 facts ▸
- General meeting, 11-05-2026
- Permanent representative, Wouter Coppens (permanent representative)
- Auditor resignation, Vejeco BV
- Permanent representative, Eline Dujardin (permanent representative)
- Director discharge, Vejeco BV
- Permanent representative, Annelies Willemyns (permanent representative)
- Auditor reappointment, BV PwC Bedrijfsrevisoren
- Director appointment, Fortius BV (director)
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €85,805
Net result €85,805 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.04
Current ratio from 1.05 to 3.04; short-term debt falls from €140,741 to €74,005.
31-12
Financial
Equity above €200,000Eq €243,033 ▲46.4%
Equity rises from €165,958 to €243,033.
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€38,392
Net result drops to -€38,392, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €165,958 ▲18.1%
Equity rises from €140,580 to €165,958.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €100,000Eq €122,022 ▲22.6%
2 profitable years in a row build equity to €122,022.
Show earlier events
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €15,053
Net result €15,053 after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
Fortius BV
CurrentDirector · since 07-08-2026 · Legal entity · perm. rep.: Annelies Willemyns
Permanent representatives 1
Annelies Willemyns
CurrentPermanent representative · since 07-08-2026 · for Fortius BV
Statutory auditor 1
BV PwC Bedrijfsrevisoren
CurrentAuditor · since 07-08-2026 · perm. rep.: Wouter Coppens
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Hooglede · 1 establishment unit since 2017
Ground area
12.5 ha
Building footprint
1,694 m²
Volume, LiDAR
15,663 m³
Parcel 36005C1052/00P002, Flanders · tallest building 17.3 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
SolarDec
since 20172.268.573.147
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36005C1052/00P002 | Flanders | 12.5 ha | 1 · 1,694 m² | 17.3 m · 4 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.
Mandate history
2 people since 2026, 2 in office
- Board
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Fortius BV |
|
| BV PwC Bedrijfsrevisoren |
|
Structure & network
Owners and holdings
3 ownersOwners 3
-
4.81%
-
4.81%
-
4.81%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
- Sourceaccounts BAKOR 202314.6%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of SolarDec and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 43,157 EUR awarded · 38,510 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 38,510 EUR |
| 2022 | 1 | 43,157 EUR | 0 EUR |
Schemes
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,415. 6,518 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded20-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
64210Activities of holding companies
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0681584158
Also
9925:BE0681584158
Registered
17-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.