SolarPulse VII

Active

Public limited companyfounded 201115 yrs activeKempische steenweg 311, 3500 Hasselt, BelgiumKBO/BCE: BE 0834.323.526

SolarPulse VII has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €850k and a net result of €90k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

81 / 100

Excellent= vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability72▼-4

Solvency35▼-5

Growth47▼-5

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €70k at 30 days acceptable

Liquidity ample (current ratio 1.64 against 2.13 in 2024), but 86.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

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 →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

13.8%

Return on assets

1.5%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

49 d early

2024

49 d early

2023

78 d early

2022

12 d early

2021

2 d early

2020

114 d early

2019

49 d early

← before the deadline after the deadline →

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 months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€1.17M▲ 1.2%

2024 · €1.16M

2024: €1.16M

2024 → 2025

EBIT margin

31.8%▼ 0.8pp

2024 · 32.6%

2024: 32.6%

2024 → 2025

Net result

€90k▼ 5.5%

2024 · €96k

2018: €375k 2019: €198k 2020: €272k 2021: €200k 2022: €486k 2023: €190k 2024: €96k

2018 → 2025

Working capital

€484k▼ 66.0%

2024 · €1.42M

2018: €196k 2019: €289k 2020: €179k 2021: €239k 2022: €351k 2023: €512k 2024: €1.42M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€1.16M€1.17M▲ 1.2%

Equity€453k-€389k▼ 14.2%€664k▲ 70.8%€759k▲ 14.4%€850k▲ 11.9%

Operating result€592k-€1.06M▲ 78.3%€578k▼ 45.3%€378k▼ 34.6%€373k▼ 1.1%

Net result€200k-€486k▲ 142%€190k▼ 60.9%€96k▼ 49.7%€90k▼ 5.5%

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2025 is 1% below 2024 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €6.16M

79.8%

20.2%

Fixed assets €4.92M▲ 8.8%

Current assets €1.24M▼ 53.7%

Equity and liabilities €6.16M

13.8%

86.2%

Equity €850k▲ 11.9%

Debt €5.31M▼ 17.6%

The debt ratio falls from 89.5% to 86.2%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€1.05M▲

2024 · €1.01M

Cash flow

€764k▲

2024 · €724k

Solvency

13.8%▲

2024 · 10.5%

Current ratio

1.64▼

2024 · 2.13

Quick ratio

1.64▼

2024 · 2.13

Debt / equity

6.25▼

2024 · 8.48

ROE

10.6%▼

2024 · 12.6%

ROA

1.5%▲

2024 · 1.3%

Interest coverage

4.10▲

2024 · 3.99

Debt

€5.31M▼

2024 · €6.44M

Debt ≤ 1 year

€760k▼

2024 · €1.26M

Debt > 1 year

€4.53M▼

2024 · €5.18M

Income taxes

€31k▼

2024 · €33k

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€7.20M€6.16M▼

Formation expenses20-€0

Fixed assets21/28€4.52M€4.92M▲

Tangible fixed assets22/27€4.52M€4.92M▲

Plant, machinery and equipment23-€1.46M

Leasing and similar rights25€4.08M€3.45M▼

Assets under construction and advance payments27€437k-

Current assets29/58€2.68M€1.24M▼

Amounts receivable within one year40/41€329k€230k▼

Trade receivables40€116k€54k▼

Other amounts receivable41€213k€176k▼

Cash at bank and in hand54/58€2.28M€988k▼

Deferred charges and accrued income490/1€72k€27k▼

Equity and liabilities

Total equity and liabilities10/49€7.20M€6.16M▼

Equity10/15€759k€850k▲

Contributions10/11€270k€270k=

Capital10€270k€270k=

Issued capital100€270k€270k=

Reserves13€52k€52k=

Non-distributable reserves130/1€52k€52k=

Legal reserve130€52k€52k=

Profit (loss) carried forward14€437k€528k▲

Amounts payable17/49€6.44M€5.31M▼

Amounts payable after more than one year17€5.18M€4.53M▼

Financial debts170/4€5.18M€4.53M▼

Subordinated loans170€1.25M€1.25M=

Leasing and similar obligations172€3.93M€3.28M▼

Amounts payable within one year42/48€1.26M€760k▼

Current portion of amounts payable after more than one year42€626k€647k▲

Trade debts44€519k€68k▼

Suppliers440/4€519k€68k▼

Taxes, remuneration and social security45€117k€45k▼

Taxes450/3€117k€45k▼

Accrued charges and deferred income492/3-€16k

Income statement Code20242025

Operating income70/76A€1.16M€1.17M▲

Turnover70€1.16M€1.17M▲

Operating charges60/66A€782k€801k▲

Services and other goods61€153k€117k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€628k€673k▲

Other operating charges640/8€1k€10k▲

Operating profit (loss)9901€378k€373k▼

Financial income75/76B€3k€3k▲

Recurring financial income75€3k€3k▲

Income from current assets751€3k€3k▲

Financial charges65/66B€252k€255k▲

Recurring financial charges65€252k€255k▲

Debt charges650€252k€255k▲

Other financial charges652/9€52€178▲

Profit (loss) for the period before taxes9903€129k€121k▼

Income taxes67/77€33k€31k▼

Taxes670/3€33k€31k▼

Profit (loss) for the period9904€96k€90k▼

Profit (loss) for the period to be appropriated9905€96k€90k▼

Appropriation of the result

Profit (loss) to be appropriated9906€437k€528k▲

Profit (loss) brought forward from the previous period14P€342k€437k▲

The notes to these accounts (40 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 28Financial 3Gazette 15Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

12-06

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Weakest financial yearnet €90k ▼5.5%

Net result drops to €90k, the lowest in the series.

18-08

State Gazette act Resignations & appointments

Permanent representative1 fact ▸

Permanent representative, Luc Driesen

12-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

08-04

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment6 facts ▸

General meeting, 2025-02-25
Director resignation, Johan Bosmans (bestuurder)
Director appointment, Luc Ooms (bestuurder)
Auditor appointment, EY Bedrijfsrevisoren (commissaris)
Permanent representative, Christophe Beckers
Permanent representative, Stefan Olivier

2024

25-11

State Gazette act Registered office

Board meeting · Registered-office move · Power of attorney3 facts ▸

Board meeting, 2024-10-30
Registered-office move, Kempische Steenweg 311 bus 4.01, 3500 Hasselt
Power of attorney, Luc Driesen

06-09

State Gazette act Resignations & appointments

General meeting · Director resignation · Permanent representative13 facts ▸

General meeting, 2024-08-08
Director resignation, SolarAccess (bestuurder)
Permanent representative, Daniël van Schoor
Director resignation, SOLARACCESS INVESTMENTS (bestuurder)
Permanent representative, Franciscus van Schoor
Director discharge, SolarAccess
Director discharge, SOLARACCESS INVESTMENTS
Director appointment, Limburgse Reconversie Maatschappij (bestuurder)
Permanent representative, Tom Vanham
Director appointment, LRM Beheer (bestuurder)
Permanent representative, Koen Nulens
Director appointment, Bob Nijs (bestuurder)
+1 further facts in this act

14-05

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Equity above €500kEq €664k ▲70.8%

6 profitable years in a row build equity to €664k.

19-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

14-07

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment8 facts ▸

General meeting, 2023-05-31
Director resignation, Silvius Sun NV (bestuurder)
Director appointment, SolarAccess BV (bestuurder)
Permanent representative, Daniël van Schoor
Mandate compensation, SolarAccess BV
Board meeting, 2023-05-31
Director appointment, SolarAccess BV (gedelegeerd bestuurder)
Director resignation, Silvius Sun NV (gedelegeerd bestuurder)

2022

31-12

Financial Highest result since 2018net €486k ▲142%

Operating result €1.06M, net result €486k, both a record.

24-10

State Gazette act Capital & shares · Statutes amendment

General meeting · Capital decrease · Capital3 facts ▸

General meeting, 2022-10-18
Capital decrease, €100.000
Capital, €270.000

29-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

10-06

State Gazette act Resignations & appointments

Board meeting · Director reappointment · Permanent representative5 facts ▸

Board meeting, 2021-03-18
Director reappointment, Silvius Sun NV (gedelegeerd bestuurder)
Permanent representative, Van der Sar Olaf
General meeting, 2021-04-01
Director reappointment, Silvius Sun NV (bestuurder)

08-04

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

19-11

State Gazette act Capital & shares · Resignations & appointments

General meeting · Statutes amendment · Capital decrease13 facts ▸

General meeting, 2020-11-06
Statutes amendment
Capital decrease, €130.000
Capital, €370.000
Corporate purpose, a) het verzamelen van financiële middelen voor investeringen in alternatieve, duurzame en hernieuwbare energieproductie; b) de productie en verkoop van alternat…
Director resignation, SILVIUS SUN (bestuurder)
Director resignation, SOLARACCES INVESTMENTS B.V. (bestuurder)
Director appointment, SILVIUS SUN (niet-statutair bestuurder)
Director appointment, SOLARACCES INVESTMENTS B.V. (niet-statutair bestuurder)
Permanent representative, Olaf VAN DER SAR
Permanent representative, Franciscus VAN SCHOOR
Mandate compensation, SILVIUS SUN
+1 further facts in this act

12-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

19-04

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

29-08

State Gazette act Resignations & appointments

General meeting · Director reappointment · Permanent representative6 facts ▸

General meeting, 2017-06-29
Director reappointment, SolarAccess Investments (bestuurder)
Permanent representative, Franciscus van Schoor
Director reappointment, Silvius Sun NV (bestuurder)
Permanent representative, Olaf Van der Sar
Director appointment, Olaf Van der Sar (Gedelegeerd bestuurder)

07-08

State Gazette act Registered office

General meeting · Registered-office move · Permanent representative3 facts ▸

General meeting, 2017-06-19
Registered-office move, Square Point Business Center, Harmoniestraat 52 Building B bus 24, 2300 Turnhout
Permanent representative, Olaf Van der Sar

30-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2015

09-09

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment7 facts ▸

General meeting, 2015-07-13
Director resignation, Olaf van der Sar (bestuurder)
Director appointment, Silvius Sun (bestuurder)
Permanent representative, Olaf van der Sar
Board meeting, 2015-07-13
Director resignation, Olaf van der Sar (gedelegeerd bestuurder)
Director appointment, Silvius Sun (gedelegeerd bestuurder)

2014

01-08

State Gazette act Registered office

General meeting · Registered-office move2 facts ▸

General meeting, 2014-07-02
Registered-office move, Koning Boudewijnlaan 14, 2250 Olen

2012

01-08

State Gazette act Registered office

General meeting · Registered-office move2 facts ▸

General meeting, 2012-04-25
Registered-office move, Noordervaart 33, 2200 Herentals

2011

28-06

State Gazette act Capital & shares · Resignations & appointments

General meeting · Capital increase · Share issue13 facts ▸

General meeting, 2011-06-07
Capital increase, €438.500
Share issue, kapitaalaandelen, 43850
Capital, €500.000
Director resignation, SILVIUS SUN (bestuurder)
Director discharge, SILVIUS SUN
Director appointment, van der Sar Olaf (bestuurder)
Board meeting, 2011-06-07
Director appointment, van der Sar Olaf (gedelegeerd-bestuurder)
Director appointment, van Schoor Fransiscus (voorzitter van de raad van bestuur)
Mandate compensation, van der Sar Olaf
Mandate compensation, van Schoor Fransiscus
+1 further facts in this act

17-03

State Gazette act Incorporation

Incorporation · Founding capital · Bank account14 facts ▸

Incorporation, 2011-03-03
Founding capital, €61.500
Bank account, Dexia Bank, 068-8922033-97
Corporate purpose, het verzamelen van financiële middelen voor investeringen in alternatieve, duurzame en hernieuwbare energieproductie; de productie en verkoop van alternatieve,…
First fiscal year, 2011-12-31, 2011-03-03
Director appointment, SILVIUS SUN (bestuurder)
Permanent representative, Jans Emmanuel
Director appointment, SOLARACCESS INVESTMENTS BV (bestuurder)
Permanent representative, van Schoor Frans
Mandate compensation, SILVIUS SUN
Mandate compensation, SOLARACCESS INVESTMENTS BV
Share subscription, 6140
+2 further facts in this act

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

15 directors, no change since 2025

Luc Ooms

Director · since 25-02-2025

Current

Bob Nijs

Director · since 08-08-2024

Current

Limburgse Reconversie Maatschappij

Director · since 08-08-2024 · Legal entity · perm. rep.: Tom Vanham

Current

LRM beheer

Director · since 08-08-2024 · Legal entity · perm. rep.: Koen Nulens

Current

SolarAccess BV

Director · since 31-05-2023 · Legal entity · perm. rep.: Daniël van Schoor

Current

Silvius Sun

Non-statutory director · since 06-11-2020 · Public limited company · perm. rep.: Olaf VAN DER SAR

Current

+ 5 not shown in this overview

25-02-2025 Luc Ooms: Appointed as Director

25-02-2025 Johan Bosmans: Resigned as Director

08-08-2024 Bob Nijs: Appointed as Director

08-08-2024 Limburgse Reconversie Maatschappij: Appointed as Director

08-08-2024 LRM beheer: Appointed as Director

08-08-2024 Johan Bosmans: Appointed as Director

08-08-2024 SolarAccess: Resigned as Director

08-08-2024 SolarAccess Investments: Resigned as Director

31-05-2023 SolarAccess BV: Appointed as Director

31-05-2023 SolarAccess BV: Appointed as Managing director

31-05-2023 Silvius Sun NV: Resigned as Director

31-05-2023 Silvius Sun NV: Resigned as Managing director

01-04-2021 Silvius Sun NV: Mandate renewed as Director

18-03-2021 Silvius Sun NV: Mandate renewed as Managing director

06-11-2020 Silvius Sun: Appointed as Non-statutory director

06-11-2020 Silvius Sun: Resigned as Director

06-11-2020 SOLARACCES INVESTMENTS B.V.: Appointed as Non-statutory director

06-11-2020 SOLARACCES INVESTMENTS B.V.: Resigned as Director

29-06-2017 Van der Sar Olaf: Appointed as Managing director

29-06-2017 SolarAccess Investments: Mandate renewed as Director

29-06-2017 Silvius Sun NV: Mandate renewed as Director

13-07-2015 Van der Sar Olaf: Resigned as Director

13-07-2015 Van der Sar Olaf: Resigned as Managing director

13-07-2015 SILVIUS SUN: Appointed as Managing director

+ 7 not shown in this overview

Location & real-estate footprint

Registered office, Hasselt · 1 establishment unit since 2011

establishment The establishment unit on the map

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.

Kempische steenweg 3113500 Hasselt

Ground area

4,206 m²

Building footprint

3,726 m²

Volume, LiDAR

63,723 m³

Parcel 71322A0540/00D003, Flanders · tallest building 31.0 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

SolarPulse VII

Kempische steenweg 311, 3500 HasseltProduction of electricity from non-renewable sources

since 20112.197.226.578

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71322A0540/00D003	Flanders	4,205 m²	1 · 3,726 m²	31.0 m · 6 fl.

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.

Statutory auditor

1 auditor

Ernst et Young Reviseurs d'EntreprisesCurrent

Statutory auditor

25-02-2025 → present

Structure & network

Ownership & control

1 party

Control over this companysits on this company's board1

Silvius Sun

1 subsidiary · 1 location

controls

SolarPulse VIIBE 0834.323.526

Capital and shareholders

Capital increase of 438,500 EUR

State Gazette act of 28-06-2011

Founding capital 61,500 EUR · 6,150 shares

State Gazette act of 17-03-2011

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BE 0827.730.692

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Solarpulse VIII

BE 0835.295.704

Turnhout · Eq €884k

Of 816 companies in sector 35110 we hold annual accounts for 632. 440 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded07-03-2011

Fiscal year end31-12

Activities, NACEBEL

35110Production of electricity from non-renewable sources

35150Electricity, gas, steam and air conditioning supply

Sources

Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.