SOLARUNITY
ActiveSummary
The computed 12-month bankruptcy probability of SOLARUNITY is 3.2% (moderate). The annual accounts of SOLARUNITY for fiscal year 2025 show a net loss of 65% of the equity at the start of that year. The 2025 annual accounts show equity of €6,155 and a net result of -€11,376. Equity is shrinking by ~94.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 14% of 28281 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability3▲+3
Solvency34▼-11
Growth32=
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.05 against 1.27 in 2024; short-term debt: 73.8% and cash: 0.6% of total assets), and 91.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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 2025Solvency, return and age of the figures
Solvency
8.9%
Return on assets
-16.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€11,376
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 3 filingsDeviation from the deadline
2025
21 d late
2024
31 d early
2023
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 15 days before 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 (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. Usually files around 30 June (3 of the last 3 filed years within 52 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€6,155▼ 64.9%
2024 · €17,531
Total assets
€68,838▼ 19.8%
2024 · €85,825
Net result
-€11,376▲ 47.7%
2024 · -€21,758
Working capital
€2,712▼ 78.8%
2024 · €12,796
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
Line202320242025
Operating result€52,239--€19,899-€8,103▲ 59.3%
Net result€36,289above the sector's middle half--€21,758below the sector's middle half-€11,376below the sector's middle half▲ 47.7%
Equity€39,289within the sector's middle half-€17,531below the sector's middle half▼ 55.4%€6,155below the sector's middle half▼ 64.9%
Total assets€94,203within the sector's middle half-€85,825within the sector's middle half▼ 8.9%€68,838within the sector's middle half▼ 19.8%
Debt€54,914-€68,294▲ 24.4%€62,683▼ 8.2%
Working capital€35,742within the sector's middle half-€12,796within the sector's middle half▼ 64.2%€2,712below the sector's middle half▼ 78.8%
Solvency41.7%within the sector's middle half-20.4%below the sector's middle half▼ 21.3pp8.9%below the sector's middle half▼ 11.5pp
Current ratio2.11within the sector's middle half-1.27within the sector's middle half▼ 0.841.05below the sector's middle half▼ 0.21
Return on assets (ROA)38.5%above the sector's middle half--25.4%below the sector's middle half▼ 63.9pp-16.5%below the sector's middle half▲ 8.8pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,103 in 2025 against €19,899 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68,838
Fixed assets
€15,336 ▼ 38.3%
Current assets
€53,502 ▼ 12.3%
Equity and liabilities €68,838
Equity
€6,155 ▼ 64.9%
Debt
€62,683 ▼ 8.2%
Debt's share of the balance-sheet total rises from 79.6% to 91.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1,406▲
2024 · -€11,427
Cash flow
-€1,867▲
2024 · -€13,286
Quick ratio
0.81▼
2024 · 0.98
Debt to equity
10.18▲
2024 · 3.90
ROE
-184.8%▼
2024 · -124.1%
Interest coverage
0.38▲
2024 · -5.85
Debt ≤ 1 year
€50,790▲
2024 · €48,184
Debt > 1 year
€11,893▼
2024 · €19,940
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 757 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 87% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
4.8%
stopped otherwise
87%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 757 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,509 | €8,472 | €9,509 | ▲ 12.2% |
| Other operating charges640/8 | €1,041 | €1,431 | €2,432 | ▲ 70.0% |
| Gross operating margin9900 | €59,789 | -€9,996 | €3,838 | ▲ 138% |
| Operating profit (loss)9901 | €52,239 | -€19,899 | -€8,103 | ▲ 59.3% |
| Financial income75/76B | €54 | €97 | €425 | ▲ 340% |
| Recurring financial income75 | €54 | €97 | €425 | ▲ 340% |
| Financial charges65/66B | €1,242 | €1,955 | €3,698 | ▲ 89.2% |
| Recurring financial charges65 | €1,242 | €1,955 | €3,698 | ▲ 89.2% |
| Profit (loss) for the period before taxes9903 | €51,051 | -€21,758 | -€11,376 | ▲ 47.7% |
| Income taxes67/77 | €14,763 | - | - | - |
| Profit (loss) for the period9904 | €36,289 | -€21,758 | -€11,376 | ▲ 47.7% |
| Profit (loss) for the period to be appropriated9905 | €36,289 | -€21,758 | -€11,376 | ▲ 47.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €94,203 | €85,825 | €68,838 | ▼ 19.8% |
| Formation expenses20 | €101 | - | - | - |
| Fixed assets21/28 | €26,020 | €24,845 | €15,336 | ▼ 38.3% |
| Tangible fixed assets22/27 | €26,020 | €24,845 | €15,336 | ▼ 38.3% |
| Plant, machinery and equipment23 | - | €425 | €321 | ▼ 24.5% |
| Furniture and vehicles24 | €26,020 | €24,420 | €15,015 | ▼ 38.5% |
| Current assets29/58 | €68,081 | €60,981 | €53,502 | ▼ 12.3% |
| Amounts receivable after more than one year29 | - | €5,344 | €3,244 | ▼ 39.3% |
| Other amounts receivable291 | - | €5,344 | €3,244 | ▼ 39.3% |
| Stocks and contracts in progress3 | €15,051 | €13,801 | €12,326 | ▼ 10.7% |
| Stocks30/36 | €13,801 | €13,801 | €12,326 | ▼ 10.7% |
| Contracts in progress37 | €1,250 | - | - | - |
| Amounts receivable within one year40/41 | €50,274 | €40,607 | €36,946 | ▼ 9.0% |
| Trade receivables40 | €30,671 | €22,616 | €16,507 | ▼ 27.0% |
| Other amounts receivable41 | €19,604 | €17,991 | €20,439 | ▲ 13.6% |
| Cash at bank and in hand54/58 | €2,194 | €482 | €407 | ▼ 15.6% |
| Deferred charges and accrued income490/1 | €562 | €747 | €580 | ▼ 22.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €94,203 | €85,825 | €68,838 | ▼ 19.8% |
| Equity10/15 | €39,289 | €17,531 | €6,155 | ▼ 64.9% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €36,289 | €36,289 | €36,289 | = |
| Distributable reserves133 | €36,289 | €36,289 | €36,289 | = |
| Profit (loss) carried forward14 | - | -€21,758 | -€33,134 | ▼ 52.3% |
| Amounts payable17/49 | €54,914 | €68,294 | €62,683 | ▼ 8.2% |
| Amounts payable after more than one year17 | €22,064 | €19,940 | €11,893 | ▼ 40.4% |
| Financial debts170/4 | €22,064 | €19,940 | €11,893 | ▼ 40.4% |
| Amounts payable within one year42/48 | €32,339 | €48,184 | €50,790 | ▲ 5.4% |
| Current portion of amounts payable after more than one year42 | €5,991 | €7,674 | €8,047 | ▲ 4.9% |
| Financial debts43 | - | €14,954 | €14,719 | ▼ 1.6% |
| Credit institutions430/8 | - | €14,954 | €14,719 | ▼ 1.6% |
| Trade debts44 | €6,835 | €5,003 | €5,052 | ▲ 1.0% |
| Suppliers440/4 | €6,835 | €5,003 | €5,052 | ▲ 1.0% |
| Taxes, remuneration and social security45 | €19,514 | €20,553 | €18,726 | ▼ 8.9% |
| Taxes450/3 | €16,114 | €19,553 | €14,891 | ▼ 23.8% |
| Remuneration and social security454/9 | €3,400 | €1,000 | €3,835 | ▲ 284% |
| Other amounts payable47/48 | - | - | €4,246 | - |
| Accrued charges and deferred income492/3 | €510 | €170 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,289 | -€21,758 | -€11,376 | ▲ 47.7% |
| + Depreciation and write-downs630 | €6,509 | €8,472 | €9,509 | ▲ 12.2% |
| Operating cash flow (approximation) | €42,797 | -€13,286 | -€1,867 | ▲ 85.9% |
| Investment in fixed assets (approximation) | - | -€7,296 | €0 | ▲ 100% |
| Change in cash | - | -€1,713 | -€75 | ▲ 95.6% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€21,758
Net result drops to -€21,758, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2023
Ground area
431 m²
Building footprint
186 m²
Volume, LiDAR
967 m³
Parcel 11056A0600/00Z000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SOLARUNITY
since 20232.343.318.476
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11056A0600/00Z000 | Flanders | 431 m² | 1 · 186 m² | 10.7 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.
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Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. 4,233 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
Founded15-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
Website
solarunity.eu
E-mail
projects@solarunity.eu
E-invoicing
Reachable via Peppol
Peppol ID
0208:0799541702
Also
9925:BE0799541702
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.