SOLARVERT
ActiveSummary
SOLARVERT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €282,481 and a net result of €48,382. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 45% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+62
Solvency67=
Growth85▲+17
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 2.63 against 2.13 in 2023; short-term debt: 35.1% and cash: 16.9% of total assets), but 57.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
30 d late
2022
42 d late
2021
64 d late
2020
31 d late
2019
49 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 46 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#1 company by total assets in Hastière, Construction sector
Turnover
€696,926▲ 52.8%
2018 · €456,005
EBIT margin
4.9%▼ 8.8pp
2018 · 13.6%
Net result
€48,382
2023 · -€10,863
Working capital
€381,455▲ 31.9%
2023 · €289,232
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
Line20202021202220232024
Turnover
Operating result€184,407▲ 445%€42,257▼ 77.1%€6,826▼ 83.8%-€38,977€69,348
Net result€135,731above the sector's middle half▲ 477%€27,850above the sector's middle half▼ 79.5%€11,142within the sector's middle half▼ 60.0%-€10,863below the sector's middle half€48,382above the sector's middle half
EBIT margin
Equity€205,971above the sector's middle half▲ 193%€233,821above the sector's middle half▲ 13.5%€244,963above the sector's middle half▲ 4.8%€234,099above the sector's middle half▼ 4.4%€282,481above the sector's middle half▲ 20.7%
Total assets€415,254above the sector's middle half▲ 144%€368,540above the sector's middle half▼ 11.2%€516,462above the sector's middle half▲ 40.1%€554,406above the sector's middle half▲ 7.3%€665,302above the sector's middle half▲ 20.0%
Debt€209,283▲ 110%€134,719▼ 35.6%€271,499▲ 102%€320,307▲ 18.0%€382,821▲ 19.5%
Working capital€268,374above the sector's middle half▲ 410%€254,985above the sector's middle half▼ 5.0%€212,896above the sector's middle half▼ 16.5%€289,232above the sector's middle half▲ 35.9%€381,455above the sector's middle half▲ 31.9%
Solvency49.6%within the sector's middle half▲ 8.3pp63.4%within the sector's middle half▲ 13.8pp47.4%within the sector's middle half▼ 16.0pp42.2%within the sector's middle half▼ 5.2pp42.5%within the sector's middle half▲ 0.2pp
Current ratio3.33above the sector's middle half▲ 1.804.82above the sector's middle half▲ 1.491.79within the sector's middle half▼ 3.032.13within the sector's middle half▲ 0.352.63within the sector's middle half▲ 0.50
Return on assets (ROA)32.7%above the sector's middle half▲ 18.9pp7.6%within the sector's middle half▼ 25.1pp2.2%within the sector's middle half▼ 5.4pp-2.0%below the sector's middle half▼ 4.1pp7.3%within the sector's middle half▲ 9.2pp
Staff (FTE)23▲ 50.0%3=3=
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 returns to profit in 2024: €69,348 after a loss of €38,977 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €665,302
Fixed assets
€50,117 ▲ 408%
Current assets
€615,185 ▲ 13.0%
Equity and liabilities €665,302
Equity
€282,481 ▲ 20.7%
Debt
€382,821 ▲ 19.5%
Debt's share of the balance-sheet total falls from 57.8% to 57.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€79,573▲
2023 · -€33,287
Cash flow
€58,608▲
2023 · -€5,173
Debt to equity
1.36▼
2023 · 1.37
ROE
17.1%▲
2023 · -4.6%
Interest coverage
8.57▲
2023 · -2.17
Debt ≤ 1 year
€233,731▼
2023 · €255,307
Debt > 1 year
€85,648
Income taxes
€24,381▲
2023 · €3,393
Staff costs
€144,761▼
2023 · €152,039
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €75,069 | €106,033 | €152,039 | €144,761 | ▼ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,085 | €11,702 | €14,066 | €5,690 | €10,226 | ▲ 79.7% |
| Other operating charges640/8 | - | €14,022 | €6,169 | €6,870 | €71,235 | ▲ 937% |
| Gross operating margin9900 | €315,143 | €143,051 | €133,095 | €125,623 | €295,570 | ▲ 135% |
| Operating profit (loss)9901 | €184,407 | €42,257 | €6,826 | -€38,977 | €69,348 | ▲ 278% |
| Financial income75/76B | - | €5,521 | €19,058 | €46,868 | €12,701 | ▼ 72.9% |
| Recurring financial income75 | €26 | €5,521 | €19,058 | €9,871 | €6,820 | ▼ 30.9% |
| Non-recurring financial income76B | - | - | - | €36,997 | €5,881 | ▼ 84.1% |
| Financial charges65/66B | - | €1,991 | €3,792 | €15,362 | €9,286 | ▼ 39.6% |
| Recurring financial charges65 | €3,063 | €1,991 | €3,792 | €15,362 | €9,286 | ▼ 39.6% |
| Profit (loss) for the period before taxes9903 | €181,369 | €45,788 | €22,093 | -€7,471 | €72,763 | ▲ 1,074% |
| Income taxes67/77 | €45,639 | €17,938 | €10,951 | €3,393 | €24,381 | ▲ 619% |
| Profit (loss) for the period9904 | €135,731 | €27,850 | €11,142 | -€10,863 | €48,382 | ▲ 545% |
| Profit (loss) for the period to be appropriated9905 | €135,731 | €27,850 | €11,142 | -€10,863 | €48,382 | ▲ 545% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €415,254 | €368,540 | €516,462 | €554,406 | €665,302 | ▲ 20.0% |
| Fixed assets21/28 | €31,467 | €46,765 | €32,699 | €9,867 | €50,117 | ▲ 408% |
| Tangible fixed assets22/27 | €29,367 | €44,665 | €30,599 | €7,767 | €48,017 | ▲ 518% |
| Plant, machinery and equipment23 | - | €9,304 | €5,304 | €707 | - | - |
| Furniture and vehicles24 | - | €35,361 | €25,295 | €7,060 | €48,017 | ▲ 580% |
| Financial fixed assets28 | €2,100 | €2,100 | €2,100 | €2,100 | €2,100 | = |
| Current assets29/58 | €383,787 | €321,775 | €483,763 | €544,539 | €615,185 | ▲ 13.0% |
| Amounts receivable within one year40/41 | €98,369 | €211,009 | €389,053 | €516,993 | €491,617 | ▼ 4.9% |
| Trade receivables40 | - | €100,498 | €187,167 | €227,086 | €153,888 | ▼ 32.2% |
| Other amounts receivable41 | - | €110,511 | €201,886 | €289,907 | €337,729 | ▲ 16.5% |
| Current investments50/53 | €148,515 | €53,917 | - | - | €11,000 | - |
| Cash at bank and in hand54/58 | €136,903 | €55,394 | €92,594 | €27,546 | €112,569 | ▲ 309% |
| Deferred charges and accrued income490/1 | - | €1,456 | €2,116 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €415,254 | €368,540 | €516,462 | €554,406 | €665,302 | ▲ 20.0% |
| Equity10/15 | €205,971 | €233,821 | €244,963 | €234,099 | €282,481 | ▲ 20.7% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | - | - | - | €48,382 | - |
| Distributable reserves133 | - | - | - | - | €48,382 | - |
| Profit (loss) carried forward14 | €199,771 | €227,621 | €238,763 | €227,899 | €227,899 | = |
| Amounts payable17/49 | €209,283 | €134,719 | €271,499 | €320,307 | €382,821 | ▲ 19.5% |
| Amounts payable after more than one year17 | - | - | - | - | €85,648 | - |
| Financial debts170/4 | - | - | - | - | €85,648 | - |
| Amounts payable within one year42/48 | €115,413 | €66,791 | €270,867 | €255,307 | €233,731 | ▼ 8.5% |
| Current portion of amounts payable after more than one year42 | - | €40,961 | €29,344 | €32,477 | €40,459 | ▲ 24.6% |
| Trade debts44 | €5,890 | €1,749 | €161,586 | €137,256 | €109,054 | ▼ 20.5% |
| Suppliers440/4 | - | €1,749 | €161,586 | €137,256 | €109,054 | ▼ 20.5% |
| Advances received on contracts in progress46 | - | - | €58,793 | €58,793 | €58,793 | = |
| Taxes, remuneration and social security45 | - | €24,081 | €21,145 | €10,982 | €25,425 | ▲ 132% |
| Taxes450/3 | - | €17,769 | €4,010 | €1,817 | €18,559 | ▲ 921% |
| Remuneration and social security454/9 | - | €6,311 | €17,134 | €9,164 | €6,866 | ▼ 25.1% |
| Other amounts payable47/48 | - | - | - | €15,800 | - | - |
| Accrued charges and deferred income492/3 | - | €67,929 | €632 | €65,000 | €63,442 | ▼ 2.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €135,731 | €27,850 | €11,142 | -€10,863 | €48,382 | ▲ 545% |
| + Depreciation and write-downs630 | €4,085 | €11,702 | €14,066 | €5,690 | €10,226 | ▲ 79.7% |
| Operating cash flow (approximation) | €139,815 | €39,552 | €25,208 | -€5,173 | €58,608 | ▲ 1,233% |
| Investment in fixed assets (approximation) | - | -€27,000 | €0 | €17,142 | -€50,475 | ▼ 394% |
| Change in cash | - | -€81,510 | €37,200 | -€65,048 | €85,023 | ▲ 231% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €48,382
Net result €48,382 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€10,863
Net result drops to -€10,863, the lowest in the series; recovery starts the following year.
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 64 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €135,731 ▲477%
Operating result €184,407, net result €135,731, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.33
Current ratio from 1.53 to 3.33.
31-12
Financial
Equity above €200,000Eq €205,971 ▲193%
3 profitable years in a row build equity to €205,971.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 acts for this company are 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, Hastière · 1 establishment unit since 2017
Ground area
933 m²
Building footprint
150 m²
Parcel 91135C0072/00E011, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Paul-Godefroid-Noël, Waul. 8, 5540 Hastière
since 20172.269.162.570
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91135C0072/00E011 | Wallonia | 933 m² | 1 · 150 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
98450095DB76C36A9E92
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 6,970 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 (pre-2019)
Founded18-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
43343Specialised construction activities
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0683481202
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.