SOLARRISE
Dissolution or liquidationAre you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Ghent
- Opened
- 19 February 2019
- Track
- Reorganisation by amicable settlement
- Docket number
- 20190004
- Moratorium until
- 12 March 2019 (passed; an extension would be in a later judgment)
- Delegated judge
- Joos D’Hoedt
- Official Gazette
- 25-02-2019 (pdf) ↗search the document for 2019/108435
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- An amicable settlement binds only the creditors who sign it. You decide whether you sign.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€20.7m
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
69 d late
2023
177 d late
2022
30 d late
2021
115 d late
2020
143 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 85 days after the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (2)
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
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Production of electricity from non-renewable sources sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€1.0m
EBIT margin
-1003.2%
Net result
-€5,500▲ 99.5%
2024 · -€1.0m
Working capital
-€20.1m=
2024 · -€20.1m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€23,104▲ 96.3%-€9.0m▼ 38,725%-€118,646▲ 98.7%-€1.0m▼ 745%-€5,064▲ 99.5%
Net result-€23,405below the sector's middle half▲ 96.2%-€9.0mbelow the sector's middle half▼ 38,226%-€119,043below the sector's middle half▲ 98.7%-€1.0mbelow the sector's middle half▼ 743%-€5,500within the sector's middle half▲ 99.5%
EBIT margin
Equity-€10.6mbelow the sector's middle half▼ 0.2%-€19.6mbelow the sector's middle half▼ 84.6%-€19.7mbelow the sector's middle half▼ 0.6%-€20.7mbelow the sector's middle half▼ 5.1%-€20.7mbelow the sector's middle half=
Total assets€55,826below the sector's middle half▼ 47.6%€31,303below the sector's middle half▼ 43.9%€22,163below the sector's middle half▼ 29.2%€14,566below the sector's middle half▼ 34.3%€9,480below the sector's middle half▼ 34.9%
Debt€10.7m▼ 0.3%€19.6m▲ 83.9%€19.7m▲ 0.6%€20.7m▲ 5.1%€20.7m=
Working capital-€10.0mbelow the sector's middle half▼ 0.2%-€18.9mbelow the sector's middle half▼ 90.0%-€19.1mbelow the sector's middle half▼ 0.6%-€20.1mbelow the sector's middle half▼ 5.2%-€20.1mbelow the sector's middle half=
Solvency
Current ratio0.01below the sector's middle half▼ 0.010.00below the sector's middle half=0.00below the sector's middle half=0.00below the sector's middle half=0.00below the sector's middle half=
Return on assets (ROA)-41.9%below the sector's middle half▲ 540.3pp-537.1%below the sector's middle half-58.0%below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,064 in 2025 against €1.0m in 2024; the loss shrinks.
Key figures and ratios
Debt ≤ 1 year
€20.1m=
2024 · €20.1m
A ratio outside any meaningful range has been withheld (balance sheet total €9,480, equity -€20.7m).
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €23,104 | - | - | - | - | - |
| Other operating charges640/8 | - | - | €119,695 | - | €165 | - |
| Non-recurring operating charges66A | - | €8.9m | - | €989,144 | - | - |
| Gross operating margin9900 | -€23,104 | -€47,921 | €1,049 | -€13,660 | -€4,899 | ▲ 64.1% |
| Operating profit (loss)9901 | -€23,104 | -€9.0m | -€118,646 | -€1.0m | -€5,064 | ▲ 99.5% |
| Financial charges65/66B | €301 | €310 | €397 | €434 | €435 | ▲ 0.3% |
| Recurring financial charges65 | €301 | €310 | €397 | €434 | €435 | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | -€23,405 | -€9.0m | -€119,043 | -€1.0m | -€5,500 | ▲ 99.5% |
| Profit (loss) for the period9904 | -€23,405 | -€9.0m | -€119,043 | -€1.0m | -€5,500 | ▲ 99.5% |
| Profit (loss) for the period to be appropriated9905 | -€23,405 | -€9.0m | -€119,043 | -€1.0m | -€5,500 | ▲ 99.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55,826 | €31,303 | €22,163 | €14,566 | €9,480 | ▼ 34.9% |
| Current assets29/58 | €55,826 | €31,303 | €22,163 | €14,566 | €9,480 | ▼ 34.9% |
| Amounts receivable within one year40/41 | €22,720 | €2,795 | €202 | €6 | €825 | ▲ 14,404% |
| Trade receivables40 | €22,714 | - | - | - | - | - |
| Other amounts receivable41 | €6 | €2,795 | €202 | €6 | €825 | ▲ 14,404% |
| Cash at bank and in hand54/58 | €33,106 | €28,508 | €21,961 | €14,560 | €8,513 | ▼ 41.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €141 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55,826 | €31,303 | €22,163 | €14,566 | €9,480 | ▼ 34.9% |
| Equity10/15 | -€10.6m | -€19.6m | -€19.7m | -€20.7m | -€20.7m | = |
| Contributions10/11 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Profit (loss) carried forward14 | -€12.7m | -€21.7m | -€21.8m | -€22.8m | -€22.8m | = |
| Amounts payable17/49 | €10.7m | €19.6m | €19.7m | €20.7m | €20.7m | = |
| Amounts payable within one year42/48 | €10.0m | €19.0m | €19.1m | €20.1m | €20.1m | = |
| Current portion of amounts payable after more than one year42 | €8.7m | - | - | - | - | - |
| Financial debts43 | - | €8.7m | €8.7m | €8.7m | €8.7m | = |
| Credit institutions430/8 | - | €8.7m | €8.7m | €8.7m | €8.7m | = |
| Trade debts44 | €634,722 | €633,429 | €743,331 | €746,801 | €751,492 | ▲ 0.6% |
| Suppliers440/4 | €634,722 | €633,429 | €743,331 | €746,801 | €751,492 | ▲ 0.6% |
| Taxes, remuneration and social security45 | - | - | - | - | €19,994 | - |
| Taxes450/3 | - | - | - | - | €19,994 | - |
| Other amounts payable47/48 | €729,730 | €9.7m | €9.7m | €10.7m | €10.6m | ▼ 0.2% |
| Accrued charges and deferred income492/3 | €638,430 | €638,430 | €638,430 | €642,702 | €638,430 | ▼ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,405 | -€9.0m | -€119,043 | -€1.0m | -€5,500 | ▲ 99.5% |
| Operating cash flow (approximation) | -€23,405 | -€9.0m | -€119,043 | -€1.0m | -€5,500 | ▲ 99.5% |
| Change in cash | - | -€4,598 | -€6,547 | -€7,400 | -€6,047 | ▲ 18.3% |
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
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 177 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 115 days late
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 143 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 69 days late
25-02
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · amicable agreement · event 19-02-2019
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalNBB filing
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2009
Ground area
1,510 m²
Building footprint
1,056 m²
Volume, LiDAR
7,373 m³
Parcel 34040C1249/00W002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Solarrise
since 20092.184.223.135
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1249/00W002 | Flanders | 1,510 m² | 1 · 1,056 m² | 9.0 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 814 companies in this sector we hold annual accounts for 632. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded15-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821519922
Also
9925:BE0821519922
Registered
27-05-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.