SOLARPRO
ActiveSummary
The annual accounts of SOLARPRO for fiscal year 2024 show a net loss of 50% of the equity at the start of that year. The 2024 annual accounts show equity of €988,256 and a net result of -€998,262. Equity is growing by ~25.8% per year across the filed fiscal years. Its solvency ranks better than 23% of 7461 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-81
Solvency48▼-13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.1 against 1.42 in 2023; short-term debt: 65.8% and cash: 2.5% of total assets), and 77.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
22.6%
Return on assets
-22.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7461 sector peers (2024).
NBB · sector comparisonPosition among 7461 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
68 d late
2022
70 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 49 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
In the rankings
#8 company by total assets in Turnhout, Construction sector#10 employer in Turnhout, Construction sector
Equity
€988,256▼ 50.3%
2023 · €2.0m
Total assets
€4.4m▼ 21.0%
2023 · €5.5m
Net result
-€998,262
2023 · €875,653
Working capital
€276,037▼ 78.6%
2023 · €1.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€446,454▲ 186%€351,392▼ 21.3%€397,449▲ 13.1%€1.3m▲ 222%-€867,627
Net result€284,276above the sector's middle half▲ 246%€221,978above the sector's middle half▼ 21.9%€251,080above the sector's middle half▲ 13.1%€875,653above the sector's middle half▲ 249%-€998,262below the sector's middle half
Equity€637,806above the sector's middle half▲ 80.4%€859,784above the sector's middle half▲ 34.8%€1.1mabove the sector's middle half▲ 29.2%€2.0mabove the sector's middle half▲ 78.8%€988,256above the sector's middle half▼ 50.3%
Total assets€2.1mabove the sector's middle half▲ 8.4%€2.1mabove the sector's middle half▼ 0.6%€4.5mabove the sector's middle half▲ 119%€5.5mabove the sector's middle half▲ 22.3%€4.4mabove the sector's middle half▼ 21.0%
Debt€1.4m▼ 7.8%€1.2m▼ 16.2%€3.4m▲ 182%€3.6m▲ 3.9%€3.4m▼ 4.7%
Working capital€412,822within the sector's middle half▲ 350%€607,900above the sector's middle half▲ 47.3%€1.6mabove the sector's middle half▲ 166%€1.3mabove the sector's middle half▼ 20.3%€276,037within the sector's middle half▼ 78.6%
Solvency30.6%within the sector's middle half▲ 12.2pp41.5%within the sector's middle half▲ 10.9pp24.5%within the sector's middle half▼ 17.0pp35.9%within the sector's middle half▲ 11.3pp22.6%below the sector's middle half▼ 13.3pp
Current ratio1.41within the sector's middle half▲ 0.321.72within the sector's middle half▲ 0.311.75within the sector's middle half▲ 0.041.42within the sector's middle half▼ 0.331.10below the sector's middle half▼ 0.33
Return on assets (ROA)13.6%above the sector's middle half▲ 9.4pp10.7%within the sector's middle half▼ 2.9pp5.5%within the sector's middle half▼ 5.2pp15.8%above the sector's middle half▲ 10.3pp-22.8%below the sector's middle half▼ 38.6pp
Staff (FTE)6.8within the sector's middle half▲ 6.3%7.8within the sector's middle half▲ 14.7%9.3within the sector's middle half▲ 19.2%14.2above the sector's middle half▲ 52.7%16.6above the sector's middle half▲ 16.9%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €867,627 after €1.3m in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.4m
Fixed assets
€1.2m ▲ 1.1%
Current assets
€3.2m ▼ 27.2%
Equity and liabilities €4.4m
Equity
€988,256 ▼ 50.3%
Debt
€3.4m ▼ 4.7%
Debt's share of the balance-sheet total rises from 64.1% to 77.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€556,423▼
2023 · €1.5m
Cash flow
-€687,058▼
2023 · €1.1m
Quick ratio
0.84▼
2023 · 1.12
Debt to equity
3.43▲
2023 · 1.79
ROE
-101.0%▼
2023 · 44.1%
Interest coverage
-3.74▼
2023 · 5.14
Debt ≤ 1 year
€2.9m▼
2023 · €3.0m
Debt > 1 year
€491,760▲
2023 · €426,421
Income taxes
€1,948▼
2023 · €301,740
Staff costs
€1.3m▲
2023 · €969,441
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 180 companies that looked in July 2024 the way this one looks now, 5.6% went bankrupt within 24 months and 91% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
5.6%
went bankrupt
2.8%
stopped otherwise
91%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.1% 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 497,662 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% | 1.7% |
| 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 75% 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 180 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | €413 | - |
| Remuneration, social security and pensions62 | - | €437,915 | €546,350 | €969,441 | €1.3m | ▲ 32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €133,546 | €121,625 | €108,488 | €244,946 | €311,204 | ▲ 27.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €24,376 | €56,430 | ▲ 131% |
| Other operating charges640/8 | - | €13,209 | €80,749 | €16,599 | €27,239 | ▲ 64.1% |
| Gross operating margin9900 | €911,991 | €924,141 | €1.1m | €2.5m | €811,611 | ▼ 68.0% |
| Operating profit (loss)9901 | €446,454 | €351,392 | €397,449 | €1.3m | -€867,627 | ▼ 168% |
| Financial income75/76B | - | €1,335 | €1,683 | €195,347 | €20,196 | ▼ 89.7% |
| Recurring financial income75 | €1,841 | €1,335 | €1,683 | €195,347 | €20,196 | ▼ 89.7% |
| Financial charges65/66B | - | €34,678 | €41,266 | €296,647 | €148,883 | ▼ 49.8% |
| Recurring financial charges65 | €35,554 | €34,678 | €41,266 | €296,647 | €148,883 | ▼ 49.8% |
| Profit (loss) for the period before taxes9903 | €412,742 | €318,049 | €357,866 | €1.2m | -€996,314 | ▼ 185% |
| Income taxes67/77 | €128,466 | €96,071 | €106,786 | €301,740 | €1,948 | ▼ 99.4% |
| Profit (loss) for the period9904 | €284,276 | €221,978 | €251,080 | €875,653 | -€998,262 | ▼ 214% |
| Profit (loss) for the period to be appropriated9905 | €284,276 | €221,978 | €251,080 | €875,653 | -€998,262 | ▼ 214% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.1m | €4.5m | €5.5m | €4.4m | ▼ 21.0% |
| Fixed assets21/28 | €662,712 | €613,466 | €771,724 | €1.2m | €1.2m | ▲ 1.1% |
| Intangible fixed assets21 | €36,780 | €24,520 | €19,156 | €63,831 | €56,101 | ▼ 12.1% |
| Tangible fixed assets22/27 | €625,307 | €579,020 | €742,643 | €1.1m | €1.1m | ▼ 7.0% |
| Land and buildings22 | - | €444,957 | €426,599 | €502,430 | €601,167 | ▲ 19.7% |
| Plant, machinery and equipment23 | - | €9,879 | €103,923 | €257,430 | €185,198 | ▼ 28.1% |
| Furniture and vehicles24 | - | €64,859 | €167,986 | €188,798 | €153,436 | ▼ 18.7% |
| Leasing and similar rights25 | - | €58,000 | €43,473 | €161,810 | €88,771 | ▼ 45.1% |
| Other tangible fixed assets26 | - | €1,325 | €663 | €23,105 | €26,122 | ▲ 13.1% |
| Financial fixed assets28 | €625 | €9,925 | €9,925 | €10,675 | €110,675 | ▲ 937% |
| Current assets29/58 | €1.4m | €1.5m | €3.8m | €4.3m | €3.2m | ▼ 27.2% |
| Stocks and contracts in progress3 | €202,204 | €233,722 | €1.0m | €915,053 | €732,786 | ▼ 19.9% |
| Stocks30/36 | - | €223,154 | €1.0m | €726,497 | €340,410 | ▼ 53.1% |
| Contracts in progress37 | - | €10,568 | €0 | €188,556 | €392,376 | ▲ 108% |
| Amounts receivable within one year40/41 | €817,055 | €1.1m | €1.9m | €2.6m | €2.3m | ▼ 13.6% |
| Trade receivables40 | - | €953,823 | €1.6m | €2.2m | €1.8m | ▼ 17.9% |
| Other amounts receivable41 | - | €157,261 | €327,645 | €467,870 | €495,735 | ▲ 6.0% |
| Cash at bank and in hand54/58 | €374,146 | €94,934 | €846,291 | €676,322 | €109,620 | ▼ 83.8% |
| Deferred charges and accrued income490/1 | - | €18,259 | €15,336 | €98,021 | €28,460 | ▼ 71.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.1m | €4.5m | €5.5m | €4.4m | ▼ 21.0% |
| Equity10/15 | €637,806 | €859,784 | €1.1m | €2.0m | €988,256 | ▼ 50.3% |
| Contributions10/11 | - | €192,400 | €192,400 | €192,400 | €192,400 | = |
| Reserves13 | €445,406 | €667,384 | €918,464 | €1.8m | €1.8m | = |
| Non-distributable reserves130/1 | - | €6,528 | €6,528 | €0 | - | - |
| Reserves not available under the articles1311 | - | €6,528 | €6,528 | €0 | - | - |
| Tax-exempt reserves132 | - | €27,051 | €27,051 | €27,051 | €27,051 | = |
| Distributable reserves133 | - | €633,805 | €884,885 | €1.8m | €1.8m | = |
| Profit (loss) carried forward14 | - | - | - | - | -€998,262 | - |
| Amounts payable17/49 | €1.4m | €1.2m | €3.4m | €3.6m | €3.4m | ▼ 4.7% |
| Amounts payable after more than one year17 | €432,808 | €359,994 | €336,451 | €426,421 | €491,760 | ▲ 15.3% |
| Financial debts170/4 | - | €359,994 | €336,451 | €426,421 | €491,760 | ▲ 15.3% |
| Amounts payable within one year42/48 | €1.0m | €850,098 | €2.1m | €3.0m | €2.9m | ▼ 5.5% |
| Current portion of amounts payable after more than one year42 | - | €76,301 | €70,094 | €381,319 | €146,272 | ▼ 61.6% |
| Financial debts43 | - | €332,017 | €473,120 | €671,929 | €1.6m | ▲ 133% |
| Credit institutions430/8 | - | €332,017 | €473,120 | €671,929 | €1.6m | ▲ 133% |
| Trade debts44 | €302,307 | €264,022 | €1.2m | €1.4m | €879,285 | ▼ 38.5% |
| Suppliers440/4 | - | €264,022 | €1.2m | €1.4m | €879,285 | ▼ 38.5% |
| Taxes, remuneration and social security45 | - | €119,798 | €380,159 | €464,514 | €231,354 | ▼ 50.2% |
| Taxes450/3 | - | €77,853 | €244,350 | €263,323 | €117,084 | ▼ 55.5% |
| Remuneration and social security454/9 | - | €41,944 | €135,809 | €201,191 | €114,270 | ▼ 43.2% |
| Other amounts payable47/48 | - | €57,960 | €57,810 | €97,539 | €55,498 | ▼ 43.1% |
| Accrued charges and deferred income492/3 | - | €1,588 | €940,183 | €82,733 | €17,491 | ▼ 78.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €284,276 | €221,978 | €251,080 | €875,653 | -€998,262 | ▼ 214% |
| + Depreciation and write-downs630 | €133,546 | €121,625 | €108,488 | €244,946 | €311,204 | ▲ 27.1% |
| Operating cash flow (approximation) | €417,822 | €343,603 | €359,568 | €1.1m | -€687,058 | ▼ 161% |
| Investment in fixed assets (approximation) | - | -€72,378 | -€266,747 | -€681,300 | -€324,595 | ▲ 52.4% |
| Change in cash | - | -€279,212 | €751,357 | -€169,969 | -€566,702 | ▼ 233% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet -€998,262
Net result drops to -€998,262, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
31-12
Financial
Highest result since 2018net €875,653 ▲249%
Operating result €1.3m, net result €875,653, both a record.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
31-12
Financial
Equity above €1mEq €1.1m ▲29.2%
4 profitable years in a row build equity to €1.1m.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €500,000Eq €637,806 ▲80.4%
2 profitable years in a row build equity to €637,806.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Back to profitnet €82,072
Net result €82,072 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
Show earlier events
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Turnhout · 1 establishment unit since 2009
Ground area
1,496 m²
Building footprint
1,496 m²
Volume, LiDAR
10,041 m³
Parcel 13453O0899/00C002, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
EnergyPro
since 20092.177.489.058
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0899/00C002 | Flanders | 1,496 m² | 1 · 1,496 m² | 7.7 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 19,737 EUR awarded · 19,737 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,945 EUR | 3,945 EUR |
| 2024 | 2 | 7,654 EUR | 7,654 EUR |
| 2023 | 1 | 4,898 EUR | 4,898 EUR |
| 2022 | 1 | 3,240 EUR | 3,240 EUR |
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 4,688 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
Founded17-03-2009
Fiscal year end31-12
Trade name
EnergyPro
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46643Wholesale of electrical equipment, including installation materials
46842Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0810703630
Also
9925:BE0810703630
Registered
21-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.