Equity
€26,208 ▲ 17.0%
Solares has made a profit in every financial year since 2024.
Solares
Lifetime
3 annual accounts with figures on one time axispeak €126,252 (2026)
€126,252▲ 226%
peak €11,929 (2025)
€3,812▼ 68.0%
peak €26,208 (2026)
€26,208▲ 17.0%
€66,511▲ 121%
Board2 names since 2023
1 director
Documentsfilings and deeds
23-10-20268 days before the deadline
2026micro format
Gross margin from €38,705 to €126,252Result from €11,929 to €3,812Appointment: (director) 22-05Equity from €22,396 to €26,208Debts from €30,063 to €66,511Cash from €392 to €19,585
Key points
from the 2026 annual accountsTurnover
≈ €360,000 estimated
The micro format states no turnover.
Debts
€66,511 72% of the balance sheet
Financial debts 26%Suppliers 48%Taxes and wages 21%Other 5%
Of this, €64,599 falls due within a year.
Investments
€2,631 12.5 × depreciation
Green is investment, beige is depreciation.
Staff
3.6 FTE ▲ 800%
More staff in 2026 from 0.4 FTE to 3.6 FTE.
Board
1 joined
New director. Latest change 01-04-2026 · 2 in office.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,545 companies had the same profile as Solares has now. Each dot stands for 7 companies, two years later.
94.8%
were still trading
1.3%
stopped another way
3.5%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,545 companies, not a prediction for Solares. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Appointment: (director)
General meeting of 01-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0800192590
Incorporation
Founding capital of €5,000, 100 shares · Founder: · Appointment: (director) · published on 03-04-2023 · Gazette deed
First establishment
Lucien Buyssestraat 23, Deinze
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Solares Deinze | - | - | 28.3% | - |
| Beyond The Future GROUP BELGIUM Antwerp | €186,791 | 28.0% | 56.1% | - |
| DJGC Roeselare | €347,094 | 7.0% | 47.1% | 0 |
| SIMPLELEC 2.0 Frameries | - | - | 23.7% | - |
| CDCom Ham-sur-Heure-Nalinnes | - | - | 63.4% | - |
| EDEN AND CO Hamme (Vl.) | €299,281 | 10.6% | 36.6% | - |
| NNA CO Lokeren | - | - | 63.9% | - |
These companies have the same main activity as Solares: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €78,900 and €111,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 30-03-2023Normal situation
- Activity
- General electrical installation workNACE 43211and 4 others
- Establishment unit
- 2.344.010.8399800 Deinze, since 30-03-2023
- Financial year end
- 31 March
- Peppol
- Reachable since 11-05-2026
Annual accounts to 31-03-2026
- €92,719▲ 76.7%
- Employeeson 31-03-2026
- 6
- Filing
- Filed on 23-10-2026, 8 days before the end of the filing period
Insights on Solares
Solares files the micro format. That format states no turnover. The gross margin rose from €62,967 in 2024 to €126,252 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Solares
- What is the company number of Solares?
- The company number of Solares is 0800.192.590. The VAT number is the same number with BE in front: BE 0800.192.590.
- Where is Solares based?
- The registered office is at Lucien Buyssestraat 23, 9800 Deinze.Company details
- What does Solares do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of Solares?
- Solares is a private limited company (BV).
- When was Solares founded?
- Solares was founded on 30-03-2023.
- Is Solares still active?
- Yes, Solares is an active enterprise in the KBO register.
- How many employees does Solares have?
- Solares had an average of 3.6 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- What is the turnover of Solares?
- The turnover in financial year 2026 is ≈ €360,000. This figure is estimated from the gross margin of €126,252 and 43 comparable companies (NACE 43211). It probably lies between €250,000 and €460,000.
- Is Solares profitable?
- In financial year 2026, Solares made a profit of €3,812.
- Where can I find the annual accounts of Solares?
- Solares filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of Solares due?
- Solares must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
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