SOLARPLUS
ActiveSummary
SOLARPLUS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €226k and a net result of €37k. Equity is growing by ~83.4% per year across the filed fiscal years. Its solvency ranks better than 70% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-2
Solvency92▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 3.02 against 2.33 in 2024; short-term debt: 33.1% of total assets), and 33.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
66.9%
Return on assets
10.9%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 15-09-2025, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
160 d early
2023
48 d early
2022
41 d early
2021
3 d early
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€226k▲ 19.5%
2024 · €190k
2019: €-60klowest in 7 years
2020: €-26k▲ +57.0% vs 2019
2021: €-23k▲ +10.9% vs 2020
2022: €-23k▼ -2.4% vs 2021
2023: €183k▲ +880% vs 2022
2024: €190k▲ +3.6% vs 2023
2025: €226k▲ +19.5% vs 2024highest in 7 years
2019 → 2025
Total assets
€338k▲ 2.1%
2024 · €332k
2019: €2k
2020: €2k▲ +3.9% vs 2019
2021: €161▼ -91.0% vs 2020lowest in 7 years
2022: €274▲ +70.6% vs 2021
2023: €608k▲ +221594% vs 2022highest in 7 years
2024: €332k▼ -45.4% vs 2023
2025: €338k▲ +2.1% vs 2024
2019 → 2025
Net result
€37k▼ 11.1%
2024 · €42k
2019: €35k
2020: €34k▼ -1.3% vs 2019
2021: €3k▼ -91.7% vs 2020
2022: €-540▼ -119% vs 2021lowest in 7 years
2023: €241k▲ +44815% vs 2022highest in 7 years
2024: €42k▼ -82.8% vs 2023
2025: €37k▼ -11.1% vs 2024
2019 → 2025
Working capital
€226k▲ 19.8%
2024 · €188k
2020: €-27klowest in 6 years
2021: €-23k▲ +16.5% vs 2020
2022: €-23k▼ -2.4% vs 2021
2023: €183k▲ +879% vs 2022
2024: €188k▲ +3.2% vs 2023
2025: €226k▲ +19.8% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-23k-€-23k▼ 2.4%€183k€190k▲ 3.6%€226k▲ 19.5%
2021: €-23k
2022: €-23k▼ -2.4% vs 2021lowest in 5 years
2023: €183k▲ +880% vs 2022
2024: €190k▲ +3.6% vs 2023
2025: €226k▲ +19.5% vs 2024highest in 5 years
Operating result€3k-€-540€330k€63k▼ 81.0%€55k▼ 12.5%
2021: €3k
2022: €-540▼ -119% vs 2021lowest in 5 years
2023: €330k▲ +61228% vs 2022highest in 5 years
2024: €63k▼ -81.0% vs 2023
2025: €55k▼ -12.5% vs 2024
Net result€3k-€-540€241k€42k▼ 82.8%€37k▼ 11.1%
2021: €3k
2022: €-540▼ -119% vs 2021lowest in 5 years
2023: €241k▲ +44815% vs 2022highest in 5 years
2024: €42k▼ -82.8% vs 2023
2025: €37k▼ -11.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €338k
Fixed assets
€613 ▼ 43.4%
Current assets
€338k ▲ 2.2%
Equity and liabilities €338k
Equity
€226k ▲ 19.5%
Debt
€112k ▼ 21.1%
Debt's share of the balance-sheet total falls from 42.8% to 33.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55k▼
2024 · €63k
Cash flow
€37k▼
2024 · €42k
Current ratio
3.02▲
2024 · 2.33
Quick ratio
1.39▼
2024 · 2.33
Debt to equity
0.49▼
2024 · 0.75
ROE
16.3%▼
2024 · 21.9%
ROA
10.9%▼
2024 · 12.5%
Interest coverage
19.85▲
2024 · 10.89
Debt ≤ 1 year
€112k▼
2024 · €142k
Income taxes
€15k▼
2024 · €15k
Staff costs
€18k▼
2024 · €140k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€332k€338k▲
Fixed assets21/28€1k€613▼
Tangible fixed assets22/27€1k€613▼
Plant, machinery and equipment23€1k€613▼
Current assets29/58€330k€338k▲
Stocks and contracts in progress3-€183k
Stocks30/36-€183k
Amounts receivable within one year40/41€322k€153k▼
Trade receivables40€291k€85k▼
Other amounts receivable41€31k€68k▲
Cash at bank and in hand54/58€6k-
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€332k€338k▲
Equity10/15€190k€226k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€171k€208k▲
Amounts payable17/49€142k€112k▼
Amounts payable within one year42/48€142k€112k▼
Current portion of amounts payable after more than one year42€4k-
Financial debts43-€50k
Other loans439-€50k
Trade debts44€16k€12k▼
Suppliers440/4€16k€12k▼
Advances received on contracts in progress46€7k-
Taxes, remuneration and social security45€80k€50k▼
Taxes450/3€72k€43k▼
Remuneration and social security454/9€8k€7k▼
Other amounts payable47/48€35k€245▼
Income statement
Code20242025
Remuneration, social security and pensions62€140k€18k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€273€470▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€96k€3k▼
Other operating charges640/8€187€62▼
Gross operating margin9900€299k€76k▼
Operating profit (loss)9901€63k€55k▼
Financial income75/76B€79€191▲
Recurring financial income75€79€191▲
Financial charges65/66B€6k€3k▼
Recurring financial charges65€6k€3k▼
Profit (loss) for the period before taxes9903€57k€52k▼
Income taxes67/77€15k€15k▼
Profit (loss) for the period9904€42k€37k▼
Profit (loss) for the period to be appropriated9905€42k€37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€206k€208k▲
Profit (loss) brought forward from the previous period14P€164k€171k▲
Profit to be distributed694/7€35k-
Return on contributions (dividend)694€35k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €73k | €140k | €18k | ▼ 87.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €55 | €273 | €470 | ▲ 72.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €96k | €3k | ▼ 97.0% |
| Other operating charges640/8 | - | - | €15k | €187 | €62 | ▼ 66.8% |
| Gross operating margin9900 | €3k | €-540 | €418k | €299k | €76k | ▼ 74.6% |
| Operating profit (loss)9901 | €3k | €-540 | €330k | €63k | €55k | ▼ 12.5% |
| Financial income75/76B | - | - | €5 | €79 | €191 | ▲ 141% |
| Recurring financial income75 | - | - | €5 | €79 | €191 | ▲ 141% |
| Financial charges65/66B | - | - | €930 | €6k | €3k | ▼ 51.8% |
| Recurring financial charges65 | €85 | - | €930 | €6k | €3k | ▼ 51.8% |
| Profit (loss) for the period before taxes9903 | €3k | €-540 | €329k | €57k | €52k | ▼ 8.3% |
| Income taxes67/77 | - | - | €88k | €15k | €15k | ▼ 0.9% |
| Profit (loss) for the period9904 | €3k | €-540 | €241k | €42k | €37k | ▼ 11.1% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-540 | €241k | €42k | €37k | ▼ 11.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €161 | €274 | €608k | €332k | €338k | ▲ 2.1% |
| Fixed assets21/28 | - | - | €366 | €1k | €613 | ▼ 43.4% |
| Tangible fixed assets22/27 | - | - | €366 | €1k | €613 | ▼ 43.4% |
| Plant, machinery and equipment23 | - | - | €366 | €1k | €613 | ▼ 43.4% |
| Current assets29/58 | €161 | €274 | €607k | €330k | €338k | ▲ 2.2% |
| Stocks and contracts in progress3 | - | - | - | - | €183k | - |
| Stocks30/36 | - | - | - | - | €183k | - |
| Amounts receivable within one year40/41 | €116 | €229 | €578k | €322k | €153k | ▼ 52.5% |
| Trade receivables40 | - | - | €518k | €291k | €85k | ▼ 70.7% |
| Other amounts receivable41 | - | €229 | €59k | €31k | €68k | ▲ 116% |
| Cash at bank and in hand54/58 | €45 | €45 | €30k | €6k | - | - |
| Deferred charges and accrued income490/1 | - | - | €54 | €2k | €2k | ▲ 7.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €161 | €274 | €608k | €332k | €338k | ▲ 2.1% |
| Equity10/15 | €-23k | €-23k | €183k | €190k | €226k | ▲ 19.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-42k | €-42k | €164k | €171k | €208k | ▲ 21.6% |
| Amounts payable17/49 | €23k | €24k | €425k | €142k | €112k | ▼ 21.1% |
| Amounts payable within one year42/48 | €23k | €24k | €425k | €142k | €112k | ▼ 21.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4k | - | - |
| Financial debts43 | - | - | - | - | €50k | - |
| Other loans439 | - | - | - | - | €50k | - |
| Trade debts44 | €54 | - | €108k | €16k | €12k | ▼ 24.1% |
| Suppliers440/4 | - | - | €108k | €16k | €12k | ▼ 24.1% |
| Advances received on contracts in progress46 | - | - | €177k | €7k | - | - |
| Taxes, remuneration and social security45 | - | €4k | €100k | €80k | €50k | ▼ 38.3% |
| Taxes450/3 | - | €600 | €88k | €72k | €43k | ▼ 40.4% |
| Remuneration and social security454/9 | - | €4k | €12k | €8k | €7k | ▼ 20.0% |
| Other amounts payable47/48 | - | €19k | €40k | €35k | €245 | ▼ 99.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-540 | €241k | €42k | €37k | ▼ 11.1% |
| + Depreciation and write-downs630 | - | - | €55 | €273 | €470 | ▲ 72.4% |
| Operating cash flow (approximation) | €3k | €-540 | €242k | €42k | €37k | ▼ 10.6% |
| Investment in fixed assets (approximation) | - | - | - | €-991 | €0 | ▲ 100% |
| Change in cash | - | €0 | €30k | €-24k | - | - |
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
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Equity above €200kEq €226k ▲19.5%
3 profitable years in a row build equity to €226k.
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €241k
Net result €241k after one loss-making year.
31-03
Financial
Liquidity times 124current ratio 1.43
Current ratio from 0.01 to 1.43.
31-03
Financial
Equity above €150kEq €183k
Equity rises from €-23k to €183k.
2022
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €-540
Net result drops to €-540, the lowest in the series; recovery starts the following year.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
14-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
11-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 192 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Heusden-Zolder · 1 establishment unit since 2010
Ground area
6,349 m²
Building footprint
3,296 m²
Volume, LiDAR
21,215 m³
Parcel 71065A0905/02H000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Solar+
since 20102.191.601.568
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065A0905/02H000 | Flanders | 6,349 m² | 1 · 3,296 m² | 8.0 m · 2 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.
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Of 1,246 companies in sector 46643 we hold annual accounts for 954. 692 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
Founded30-08-2010
Fiscal year end31-03
Abbreviation NL
SOLAR+
Activities, NACEBEL 2025
46643Wholesale of electrical equipment, including installation materials
Scores and ratios are computed by Checked and are not a credit decision.