SolarPulse III
ActiveSolarPulse III has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €541k and a net result of €258k. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 42% of 275 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
63
/ 100
Healthy▼ -2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency39▲+5
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.96 against 1.11 in 2024), and 73.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
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
26.1%
Return on assets
12.5%
Age of the figures
8 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-05-2026, 91 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
91 d early
2024
44 d early
2023
12 d early
2022
13 d early
2021
3 d early
2020
37 d early
2019
44 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€541k=
2024 · €541k
2018: €719k
2019: €639k
2020: €639k
2021: €866k
2022: €573k
2023: €541k
2024: €541k
2018 → 2025
Total assets
€2.07M▼ 13.7%
2024 · €2.40M
2018: €5.00M
2019: €4.52M
2020: €4.12M
2021: €3.67M
2022: €3.83M
2023: €2.96M
2024: €2.40M
2018 → 2025
Net result
€258k▲ 41.9%
2024 · €182k
2018: €234k
2019: €219k
2020: €242k
2021: €228k
2022: €456k
2023: €319k
2024: €182k
2018 → 2025
Working capital
€-28k
2024 · €67k
2018: €593k
2019: €524k
2020: €509k
2021: €569k
2022: €301k
2023: €149k
2024: €67k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€866k-€573k▼ 33.9%€541k▼ 5.5%€541k=€541k=
Operating result€445k-€744k▲ 67.2%€517k▼ 30.4%€330k▼ 36.2%€414k▲ 25.6%
Net result€228k-€456k▲ 100%€319k▼ 30.2%€182k▼ 42.8%€258k▲ 41.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 26% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.07M
Fixed assets
€1.40M▼ 19.0%
Current assets
€674k▼ 0.3%
Equity and liabilities €2.07M
Equity
€541k=
Debt
€1.53M▼ 17.7%
The debt ratio falls from 77.5% to 73.9%: debt is paid down.
Key figures and ratios
EBITDA
€742k▲
2024 · €657k
Cash flow
€586k▲
2024 · €509k
Solvency
26.1%▲
2024 · 22.5%
Current ratio
0.96▼
2024 · 1.11
Quick ratio
0.96▼
2024 · 1.11
Debt / equity
2.83▼
2024 · 3.44
ROE
47.7%▲
2024 · 33.6%
ROA
12.5%▲
2024 · 7.6%
Interest coverage
10.63▲
2024 · 7.45
Debt
€1.53M▼
2024 · €1.86M
Debt ≤ 1 year
€702k▲
2024 · €609k
Debt > 1 year
€807k▼
2024 · €1.22M
Income taxes
€86k▲
2024 · €61k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.40M€2.07M▼
Fixed assets21/28€1.73M€1.40M▼
Tangible fixed assets22/27€1.73M€1.40M▼
Plant, machinery and equipment23€1.73M€1.40M▼
Current assets29/58€676k€674k▼
Amounts receivable within one year40/41€53k€27k▼
Trade receivables40€17k€22k▲
Other amounts receivable41€36k€6k▼
Cash at bank and in hand54/58€612k€635k▲
Deferred charges and accrued income490/1€11k€12k▲
Equity and liabilities
Total equity and liabilities10/49€2.40M€2.07M▼
Equity10/15€541k€541k=
Contributions10/11€281k€281k=
Capital10€281k€281k=
Issued capital100€281k€281k=
Reserves13€58k€58k=
Non-distributable reserves130/1€58k€58k=
Legal reserve130€58k€58k=
Profit (loss) carried forward14€203k€203k=
Amounts payable17/49€1.86M€1.53M▼
Amounts payable after more than one year17€1.22M€807k▼
Financial debts170/4€1.22M€807k▼
Amounts payable within one year42/48€609k€702k▲
Current portion of amounts payable after more than one year42€398k€417k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€26k€24k▼
Taxes450/3€26k€24k▼
Other amounts payable47/48€182k€258k▲
Accrued charges and deferred income492/3€29k€24k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€327k€327k=
Other operating charges640/8€11k€12k▲
Gross operating margin9900€669k€753k▲
Operating profit (loss)9901€330k€414k▲
Financial income75/76B€1k€0▼
Recurring financial income75€1k€0▼
Financial charges65/66B€88k€70k▼
Recurring financial charges65€88k€70k▼
Profit (loss) for the period before taxes9903€243k€345k▲
Income taxes67/77€61k€86k▲
Profit (loss) for the period9904€182k€258k▲
Profit (loss) for the period to be appropriated9905€182k€258k▲
Appropriation of the result
Profit (loss) to be appropriated9906€385k€461k▲
Profit (loss) brought forward from the previous period14P€203k€203k=
Profit to be distributed694/7€182k€258k▲
Return on contributions (dividend)694€182k€258k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €182k ▼42.8%
Net result drops to €182k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €456k ▲100%
Operating result €744k, net result €456k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2023
SolarAccess BV
CurrentDirector · since 27-06-2023 · Legal entity
23-10-2023
Piet Van Waes: Resigned as Director
27-06-2023
SolarAccess BV: Appointed as Director
27-06-2023
Van der Sar Olaf: Resigned as Managing director
27-06-2023
Van der Sar Olaf: Resigned as Director
Location & real-estate footprint
Registered office, Turnhout · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Harmoniestraat 522300 TurnhoutGround area
3,114 m²
Building footprint
1,727 m²
Parcel 13454P0167/00A005, Flanders. Linked by address, not a title deed.
1 establishment unit
Square Point Business Center
since 20102.188.102.640
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13454P0167/00A005 | Flanders | 3,114 m² | 1 · 1,727 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
VERPLANCKE JOHAN
BE 0431.094.229
Ichtegem · Eq €543k
CON CARNE
BE 0870.583.611
Deerlijk · Eq €539k
ENERGCOM
BE 0849.652.593
Dilsen-Stokkem · Eq €539k
WATT MATTERS TWO
BE 0781.480.401
Elsene · Eq €539k
BOCAGEN
BE 0683.655.505
Herve · Eq €544k
Of 816 companies in sector 35110 we hold annual accounts for 632. 432 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-04-2010
Fiscal year end31-12
Activities, NACEBEL
35110Production of electricity from non-renewable sources
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.