Equity
SOLARPLUS has made a profit without a break since 2023.
SOLARPLUS has made a profit without a break since 2023.
The micro format states no turnover.
Green is investment, beige is depreciation. Machinery stands 475.6% higher than in 2025.
Short-term debts rose from €112,028 to €4.2m.
The 2020 accounts came 30 days late. The other nine of the last ten were filed on time.
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 8% of them on solvency, 3% on liquidity, 19% on profitability and 47% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,448 companies had the same profile as SOLARPLUS has now. Each dot stands for 4 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SOLARPLUS itself is lower: 0.1% within 12 months. It rests on far more data about SOLARPLUS than the profile alone.
The method was tested on the 497,447 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 1,448 companies, not a prediction for SOLARPLUS. 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.
Liquidity is tight, with a current ratio of 1.05 (3.02 in 2025), below the usual 1.5. Short-term debt is 94.7% and cash 1.8% of total assets. 94.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 38 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
SOLARPLUS files the micro format. That format states no turnover. The gross margin rose from €9,664 in 2014 to €85,973 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €260,000. Estimated: probably between €170,000 and €450,000.
Staff costs divided by the average number of full-time equivalents.
In 2026, 3 people joined and 4 left.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
4.4m | 338,473 | 331,520 | 607,551 | 274 | 161 | 1,776 | 1,710 | 9,569 | 5,628 | 2,769 | 42,174 | |
21/28 |
3,531 | 613 | 1,084 | 366 | - | - | 1,710 | 1,710 | 1,710 | 1,710 | - | 22,714 | |
22/27 |
3,531 | 613 | 1,084 | 366 | - | - | - | - | - | - | 165 | 22,084 | |
23 |
3,531 | 613 | 1,084 | 366 | - | - | - | - | - | - | 165 | 15,194 | |
24 |
- | - | - | - | - | - | - | - | - | - | - | 6,890 | |
28 |
- | - | - | - | - | - | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 630 | |
29/58 |
4.4m | 337,859 | 330,437 | 607,185 | 274 | 161 | 66 | - | 7,859 | 3,918 | 894 | 19,460 | |
3 |
209,142 | 182,510 | - | - | - | - | - | - | - | - | - | 19,128 | |
30/36 |
209,142 | 182,510 | - | - | - | - | - | - | - | - | - | 19,128 | |
40/41 |
4.1m | 152,974 | 322,220 | 577,559 | 229 | 116 | 66 | - | 6,626 | 3,918 | 894 | 332 | |
40 |
4.1m | 85,118 | 290,770 | 518,142 | - | - | - | - | 5,460 | 3,025 | - | - | |
41 |
12,175 | 67,856 | 31,450 | 59,417 | 229 | 116 | 66 | - | 1,166 | 893 | 894 | 332 | |
54/58 |
79,121 | - | 6,000 | 29,572 | 45 | 45 | - | - | 1,234 | - | - | - | |
490/1 |
1,875 | 2,375 | 2,217 | 54 | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
4.4m | 338,473 | 331,520 | 607,551 | 274 | 161 | 1,776 | 1,710 | 9,569 | 5,628 | 2,769 | 42,174 | |
10/15 |
232,969 | 226,444 | 189,535 | 183,006 | -23,456 | -22,916 | -25,731 | -59,771 | -94,272 | -117,820 | -124,269 | -83,385 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | - | 18,600 | |
10 |
- | - | - | - | - | - | - | - | - | - | 18,600 | - | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
14 |
214,369 | 207,844 | 170,935 | 164,406 | -42,056 | -41,516 | -44,331 | -78,371 | -112,872 | -136,420 | -142,869 | -101,985 | |
17/49 |
4.2m | 112,028 | 141,986 | 424,545 | 23,730 | 23,077 | 27,507 | 61,481 | 103,842 | 123,449 | 127,038 | 125,559 | |
17 |
- | - | - | - | - | - | - | 3,092 | 9,888 | 16,168 | 22,209 | 33,611 | |
170/4 |
- | - | - | - | - | - | - | 3,092 | 9,888 | 16,168 | 22,209 | 33,611 | |
42/48 |
4.2m | 112,028 | 141,986 | 424,545 | 23,730 | 23,077 | 27,507 | 58,389 | 93,953 | 107,280 | 104,829 | 91,948 | |
42 |
- | - | 4,024 | - | - | - | 3,092 | 6,958 | 6,280 | 6,041 | 5,811 | 4,956 | |
43 |
- | 49,945 | - | - | - | - | 6,151 | 8,404 | - | 8,714 | 9,512 | 10,063 | |
430/8 |
- | - | - | - | - | - | 6,151 | 8,404 | - | 8,714 | 9,512 | 10,063 | |
439 |
- | 49,945 | - | - | - | - | - | - | - | - | - | - | |
44 |
294,839 | 12,313 | 16,217 | 107,642 | - | 54 | 182 | 1,543 | 8,973 | 8,882 | 6,292 | 10,843 | |
440/4 |
294,839 | 12,313 | 16,217 | 107,642 | - | 54 | 182 | 1,543 | 8,973 | 8,882 | 6,292 | 10,843 | |
46 |
2.9m | - | 6,530 | 177,144 | - | - | - | - | - | - | - | - | |
45 |
421,507 | 49,526 | 80,214 | 99,709 | 4,350 | 4,350 | 2,657 | 3,825 | 5,119 | 5,368 | 4,072 | 11,137 | |
450/3 |
420,700 | 42,733 | 71,726 | 87,880 | 600 | 600 | 1,407 | 3,825 | 5,119 | 5,368 | 4,072 | 2,685 | |
454/9 |
808 | 6,792 | 8,488 | 11,829 | 3,750 | 3,750 | 1,250 | - | - | - | - | 8,452 | |
47/48 |
555,274 | 245 | 35,000 | 40,050 | 19,380 | 18,672 | 15,426 | 37,660 | 73,581 | 78,275 | 79,142 | 54,949 | |
| Income statement | |||||||||||||
9900 |
85,973 | 75,874 | 298,674 | 418,291 | -540 | 2,999 | 36,104 | 36,349 | 25,385 | 8,848 | 2,897 | 9,664 | |
62 |
2,514 | 17,690 | 140,029 | 73,087 | - | - | - | - | - | - | - | 5,986 | |
630 |
2,083 | 470 | 273 | 55 | - | - | - | - | - | 165 | 208 | 11,283 | |
631/4 |
25,875 | 2,836 | 95,514 | - | - | - | - | - | - | - | - | - | |
640/8 |
28,937 | 62 | 187 | 15,061 | - | 100 | 152 | 348 | 50 | - | - | 3,152 | |
9901 |
26,564 | 54,815 | 62,672 | 330,089 | -540 | 2,899 | 35,952 | 36,002 | 25,335 | 8,682 | 2,689 | -10,757 | |
75/76B |
2,436 | 191 | 79 | 5 | - | - | 67 | - | - | - | - | 22 | |
75 |
2,436 | 191 | 79 | 5 | - | - | 67 | - | - | - | - | 22 | |
65/66B |
18,165 | 2,785 | 5,779 | 930 | - | 85 | 1,978 | 1,500 | 1,788 | 2,233 | - | 3,791 | |
65 |
18,165 | 2,785 | 5,779 | 930 | - | 85 | 1,978 | 1,500 | 1,788 | 2,233 | 603 | 3,791 | |
9903 |
10,835 | 52,221 | 56,973 | 329,164 | -540 | 2,814 | 34,040 | 34,502 | 23,548 | 6,449 | 2,086 | -14,526 | |
67/77 |
4,310 | 15,312 | 15,444 | 87,702 | - | - | - | - | - | - | -19 | - | |
9904 |
6,525 | 36,910 | 41,528 | 241,462 | -540 | 2,814 | 34,040 | 34,502 | 23,548 | 6,449 | 2,105 | -14,526 | |
9905 |
6,525 | 36,910 | 41,528 | 241,462 | -540 | 2,814 | 34,040 | 34,502 | 23,548 | 6,449 | 2,105 | -14,526 | |
| Appropriation of the result | |||||||||||||
9906 |
214,369 | 207,844 | 205,935 | 199,406 | -42,056 | -41,516 | -44,331 | -78,371 | -112,872 | -136,420 | -142,869 | -101,985 | |
14P |
207,844 | 170,935 | 164,406 | -42,056 | -41,516 | - | - | - | - | - | -144,974 | - | |
694/7 |
- | - | 35,000 | 35,000 | - | - | - | - | - | - | - | - | |
694 |
- | - | 35,000 | 35,000 | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||
9087 |
- | 1.4 | 2.9 | 2.3 | - | - | - | - | - | - | - | 0.2 | |
Hours worked1013 |
109 | 486 | 3,689 | 3,847 | - | - | - | - | - | - | - | 368 | |
| Document | |||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 30-10-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 30-10-2026 | 2026-00595988 | |
| 31-03-2025 | micro format | 15-09-2025 | 2025-00491704 | |
| 31-03-2024 | micro format | 24-05-2024 | 2024-00094696 | |
| 31-03-2023 | micro format | 13-09-2023 | 2023-00447059 | |
| 31-03-2022 | micro format | 20-09-2022 | 2022-20431626 | |
| 31-03-2021 | micro format | 28-10-2021 | 2021-73700305 | |
| 31-03-2020 | micro format | 30-11-2020 | 2020-73000461 | |
| 31-03-2019 | micro format | 31-10-2019 | 2019-73100571 | |
| 31-03-2018 | abbreviated format | 14-09-2018 | 2018-62900347 | |
| 31-03-2017 | abbreviated format | 13-09-2017 | 2017-60600159 | |
| 31-03-2016 | abbreviated format | 11-05-2017 | 2017-11600544 | |
| 31-03-2014 | abbreviated format | 30-09-2014 | 2014-60900492 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28,647 | 55,286 | 62,945 | 330,143 | - | - | - | - | - | 8,848 | 2,897 | 526 | ||
| 8,608 | 37,380 | 41,801 | 241,517 | - | - | - | - | - | 6,614 | 2,313 | -3,243 | ||
| 5,000 | 0 | 991 | 421 | - | - | - | - | - | 0 | 540 | - | ||
| - | - | -23,572 | 29,527 | 0 | - | - | - | - | - | - | - | ||
| 229,439 | 225,831 | 188,451 | 182,640 | -23,456 | -22,916 | -27,441 | - | -86,094 | -103,362 | -103,935 | -72,488 | ||
| 5.3% | 66.9% | 57.2% | 30.1% | - | - | - | - | -985.1% | - | - | -197.7% | ||
| 1.05 | 3.02 | 2.33 | 1.43 | - | - | - | - | 0.08 | 0.04 | - | 0.21 | ||
| 1.00 | 1.39 | 2.33 | 1.43 | - | - | - | - | 0.08 | 0.04 | - | 0.00 | ||
| 17.95 | 0.49 | 0.75 | 2.32 | - | - | - | - | - | - | - | - | ||
| 2.8% | 16.3% | 21.9% | 131.9% | - | - | - | - | - | - | - | - | ||
| 0.1% | 10.9% | 12.5% | 39.7% | - | - | - | - | 246.1% | 114.6% | - | -34.4% | ||
| 1.58 | 19.85 | 10.89 | over 100 | - | - | - | - | - | - | 4.80 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 |
|---|---|---|---|---|
| Employees at the balance-sheet date | - | 3 | 2 | 6 |
| full-time | - | 3 | 2 | 5 |
| part-time | - | - | - | 1 |
| in full-time equivalents | - | 3 | 2 | 5.4 |
| - | 1.4 | 2.9 | 2.3 | |
| On a permanent contract | - | 1 | 2 | 4 |
| Joined | 3 | 12 | 0 | 6 |
| Left | 4 | 11 | 4 | 0 |
Source: social balance sheet in the 2023 to 2026 annual accounts
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,000 | - | €991 | - | - |
| €2,083 | €470 | €273 | €55 | - |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is 52% lower than in 2025 and the lowest since 2022. It is the third fall in a row.
Debt's share of the balance-sheet total rises from 33.1% to 94.7%. Equity and debt are higher.
SOLARPLUS has no parent and no holdings in its annual accounts. AKDEMIR HOLDING is the only director.
| SOZEN HOLDING
registered office since 09-04-2024 · founded in 2024 |
total assets €9.9m (2025) 1008.206.221 |
| AKDEMIR HOLDING
registered office since 02-01-2019 · founded in 2018 |
total assets €8.0m (2025) 0715.966.007 |
| SOLARIMEX
registered office since 04-03-2022 · founded in 2022 |
total assets €6.5m (2025) 0782.885.515 |
| EVONITY
registered office since 13-09-2022 · founded in 2022 |
total assets €3.7m (2025) 0790.766.071 |
| LER HOLDING
registered office since 30-08-1991 · founded in 1991 |
total assets €1.1m (2025) 0445.032.535 |
| EGS SMART CHARGING
registered office since 26-11-2024 · founded in 2024 |
total assets €93,458 (2025) 1015.882.384 |
| EVONITY via Mourmans Roxanne, at SOLARPLUS until 2025 · Director · deed of 15-09-2022 founded in 2022 |
total assets €3.7m (2025) |
| Dilek Akdemir Consult via Mourmans Roxanne, at SOLARPLUS until 2025 · Director · deed of 03-07-2024 founded in 2023 |
total assets €7,952 (2025) |
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 30 August 2010, SOLARPLUS was incorporated.1 The registered office moved to Genk in 2021, to Hasselt in 2022 and to Heusden-Zolder in 2023.234 The name was changed to SOLARPLUS in 2022.3 Total assets went from €1,710 in 2019 to €4.4m in 2026 and headcount from 2.3 full-time equivalents in 2023 to 1.4 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Solar+ registered office Vlinderstraat 20, 3550 Heusden-Zolder 43211 General electrical installation work | 01-09-2010 | 2.191.601.568 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71065A0905/02H000 | 6,349 m² | 1 · 3,296 m² | 8.0 m · 2 |
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