SOLARNEST
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 6 days after the deadline Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00397952.
Annual accounts 2025 filed on 06-08-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a profit of €335, after a loss of €6 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Financial fixed assets | €300 | €0 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €217 | €475 | ▲ 119% |
| Gross operating margin9900 | €211 | €810 | ▲ 284% |
| Operating profit (loss)9901 | -€6 | €335 | - |
| Financial income75/76B | €1 | €16 | ▲ 23× |
| Recurring financial income75 | €1 | €16 | ▲ 23× |
| Financial charges65/66B | €89 | €2,163 | ▲ 24× |
| Recurring financial charges65 | €89 | €2,163 | ▲ 24× |
| Profit (loss) for the period before taxes9903 | -€95 | -€1,812 | ▼ 1,807% |
| Income taxes67/77 | €80 | -€3 | - |
| Profit (loss) for the period9904 | -€175 | -€1,809 | ▼ 934% |
| Profit (loss) for the period to be appropriated9905 | -€175 | -€1,809 | ▼ 934% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €60,331 | €8,093 | ▼ 86.6% |
| Fixed assets21/28 | €300 | €0 | ▼ 100% |
| Financial fixed assets28 | €300 | €0 | ▼ 100% |
| Current assets29/58 | €60,031 | €8,093 | ▼ 86.5% |
| Amounts receivable within one year40/41 | €14,868 | €128 | ▼ 99.1% |
| Trade receivables40 | €6,446 | €0 | ▼ 100% |
| Other amounts receivable41 | €8,422 | €128 | ▼ 98.5% |
| Cash at bank and in hand54/58 | €45,163 | €7,965 | ▼ 82.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €60,331 | €8,093 | ▼ 86.6% |
| Equity10/15 | €9,825 | €8,016 | ▼ 18.4% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€175 | -€1,984 | ▼ 1,034% |
| Amounts payable17/49 | €50,506 | €77 | ▼ 99.8% |
| Amounts payable within one year42/48 | €50,506 | €77 | ▼ 99.8% |
| Trade debts44 | €30,426 | €0 | ▼ 100% |
| Suppliers440/4 | €30,426 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €80 | €77 | ▼ 3.5% |
| Taxes450/3 | €80 | €77 | ▼ 3.5% |
| Other amounts payable47/48 | €20,000 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€175 | -€1,809 | ▼ 934% |
| Operating cash flow (approximation) | -€175 | -€1,809 | ▼ 934% |
| Investment in fixed assets (approximation) | - | €300 | - |
| Change in cash | - | -€37,198 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,223 companies had the same profile as SOLARNEST has now. Two years later, 87.8% were still going and 3.4% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOLARNEST itself: 3.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,223 companies, not a prediction for SOLARNEST. 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.