Investments
€98,584 5.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 60.6% higher than in 2024.
SOLARTECH BELUX
Lifetime
16 annual accounts with figures on one time axis, 17 filings since 2009peak €131,359 (2025)
€131,359▲ 34.8%
lowest -€102,181 (2011)
€81,413▲ 26.8%
peak €63,372 (2025)
€63,372▲ €92,473
€120,430▼ 4.4%
peak 5.7 FTE (2011)
-not published
Board3 names since 2009
1 directorFLASSCHOEN Jonathan
Documentsfilings and deeds
26-10-202687 days late
2025micro format
Gross margin from €97,482 to €131,359Result from €64,189 to €81,413Registered office moved within Bastogne 11-12Equity from -€29,101 to €63,372Investments €98,584Cash from €55,031 to €5,890
Key points
from the 2025 annual accountsFilings
17 annual accounts 87 days
Latest accounts filed late: after the legal deadline.
Position in the sector
€81,413
Higher net result than 93% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Checked score
52
Fair
Financially stronger than 59% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 2.0%● unchanged vs 12-2024
02-2025: 1.9%▼ -0.1 percentage points vs 01-2025
03-2025: 1.9%● unchanged vs 02-2025
04-2025: 1.9%● unchanged vs 03-2025
05-2025: 1.9%● unchanged vs 04-2025
06-2025: 1.9%● unchanged vs 05-2025
07-2025: 2.0%▲ +0.1 percentage points vs 06-2025
08-2025: 2.6%▲ +0.6 percentage points vs 07-2025
09-2025: 0.9%▼ -1.7 percentage points vs 08-2025lowest value
10-2025: 0.9%● unchanged vs 09-2025lowest value
11-2025: 0.9%● unchanged vs 10-2025lowest value
12-2025: 0.9%● unchanged vs 11-2025lowest value
01-2026: 2.1%▲ +1.2 percentage points vs 12-2025
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.0%▼ -0.1 percentage points vs 02-2026
04-2026: 2.1%▲ +0.1 percentage points vs 03-2026
05-2026: 2.2%▲ +0.1 percentage points vs 04-2026
06-2026: 2.2%● unchanged vs 05-2026
07-2026: 2.2%● unchanged vs 06-2026
08-2026: 2.9%▲ +0.7 percentage points vs 07-2026
09-2026: 3.3%▲ +0.4 percentage points vs 08-2026highest value
10-2026: 2.7%▼ -0.6 percentage points vs 09-2026
11-2026: 2.7%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 87 days late; 3 of the last 3 accounts late
1 change of registered office in 24 months
Liquidity: current ratio 0.63, cash €5,890, halved
Sector: Specialised construction activities (NACE 43)
Calculation
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 43, micro). It does better than 36% of them on solvency, 11% on liquidity, 92% on profitability and 97% 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as SOLARTECH BELUX has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of SOLARTECH BELUX itself is higher: 2.7% within 12 months. It rests on far more data about SOLARTECH BELUX than the profile alone.
Test of the method
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 34,693 companies, not a prediction for SOLARTECH BELUX. 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.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.63 (0.55 in 2024), below 1. Short-term debt is 64.4% and cash 3.2% of total assets. 65.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 87 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-10-2026, 87 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
87 days late
2024
52 days late
2023
61 days late
2022
32 days late
2021
145 days late
2020
510 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 131 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- FLASSCHOEN Jonathan 50 sharesdeed of 11-12-2025
- TABAR Julien Edouard Patrick Ghislain 25 sharesdeed of 11-12-2025
- NYCKEES Eric Joseph 25 sharesdeed of 11-12-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0808968518
Registered office moved within Bastogne
New registered office: Bras 631, 6600 BASTOGNE · Previous registered office: Benonchamps 104, 6600 BASTOGNE · Resignations: TABAR Julien Edouard Patrick Ghislain (director) and NYCKEES Eric Joseph (director) · General meeting of 30-09-2024 · Gazette deed
Company renamed from 3D DIGITAL SUPPLIES to SOLARTECH BELUX
Change of role: FLASSCHOEN Jonathan, from manager to managing director · Reappointment: FLASSCHOEN Jonathan (director) · Appointments: NYCKEES Eric (director) and TABAR Julien (director) · General meeting of 04-12-2023 · Gazette deed
Company renamed from GS-GRAPHISM & COMPUTER to 3D DIGITAL SUPPLIES
Registered office moved from Tilff to Bastogne · New registered office: Benonchamps, 104 à 6600 Bastogne · Previous registered office: Avenue Laboulle, 106c 4130 TILFF · General meeting of 13-12-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOLARTECH BELUX Bastogne | €183,802 | €131,359 | 34.5% | - |
| ElCo Solar Waasmunster | €182,114 | €138,054 | 51.4% | - |
| PPS SECURITY Berchem-Sainte-Agathe | €190,670 | €139,773 | 29.5% | - |
| INTELLIGENT SECURITY Wielsbeke | €214,487 | €141,257 | 51.8% | - |
| DB POWER Hamme (Vl.) | €172,524 | €120,344 | -2.1% | - |
| ADC SECURITE Blegny | €190,326 | €163,542 | 48.2% | - |
| VAN GEERT JORGEN Zottegem | €219,242 | €122,096 | 59.7% | - |
These companies have the same main activity as SOLARTECH BELUX: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €173,000 and €219,000, founded between 2006 and 2010.
Official details
Source: KBO- Status
- Active since 08-01-2009Normal situation
- Activity
- General electrical installation workNACE 43211and 5 others
- Establishment unit
- 2.175.600.6276637 Fauvillers, since 23-01-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 06-01-2026
Insights on SOLARTECH BELUX
SOLARTECH BELUX files the micro format. That format states no turnover. The gross margin rose from -€11,594 in 2009 to €131,359 in 2025.
In December 2023, the Official Gazette published the appointment of FLASSCHOEN Jonathan as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SOLARTECH BELUX
- What is the company number of SOLARTECH BELUX?
- The company number of SOLARTECH BELUX is 0808.968.518. The VAT number is the same number with BE in front: BE 0808.968.518.
- Where is SOLARTECH BELUX based?
- The registered office is at Bras 631, 6600 Bastogne.Company details
- What does SOLARTECH BELUX do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of SOLARTECH BELUX?
- SOLARTECH BELUX is a private limited company (BV).
- When was SOLARTECH BELUX founded?
- SOLARTECH BELUX was founded on 08-01-2009.
- Is SOLARTECH BELUX still active?
- Yes, SOLARTECH BELUX is an active enterprise in the KBO register.
- What is the turnover of SOLARTECH BELUX?
- The turnover in financial year 2025 is ≈ €390,000. This figure is estimated from the gross margin of €131,359 and 38 comparable companies (NACE 43211). It probably lies between €260,000 and €480,000.Financials
- Is SOLARTECH BELUX profitable?
- In financial year 2025, SOLARTECH BELUX made a profit of €81,413.
- Where can I find the annual accounts of SOLARTECH BELUX?
- SOLARTECH BELUX filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOLARTECH BELUX due?
- SOLARTECH BELUX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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