Equity
SOLCA has made a profit in every financial year since 2020.
SOLCA has made a profit in every financial year since 2020.
The micro format states no turnover.
Short-term debts rose from €2,666 to €110,715.
The 2020 accounts came latest: 31 days after the end of the period.
In July 2024, 5,047 companies had the same profile as SOLCA has now. Each dot stands for 13 companies, two years later.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 5,047 companies, not a prediction for SOLCA. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| SOLCA Londerzeel | €310,133 | €17,643 | 64.3% | - |
| KiloVOlt Aalst | €333,666 | €20,862 | 99.8% | - |
| Halnet Hoogstraten | €430,761 | €19,001 | 8.1% | - |
| OdaPower Pelt | €484,854 | €27,142 | 96.6% | - |
| Vallée Verte Vielsalm | €293,303 | €15,159 | -43.8% | - |
| NAVITAS ENERGIE Diest | €414,452 | €4,495 | 99.0% | - |
| Watter Greenergy Baelen | €260,745 | €42,604 | 0.9% | - |
These companies have the same main activity as SOLCA: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €261,000 and €485,000, founded between 2017 and 2021.
SOLCA files the micro format. That format states no turnover. The gross margin fell from €33,727 in 2020 to €17,643 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €62,000 and €320,000.
Higher than 63% of 261 companies in 2025.
Higher than 61% of 252 companies in 2025.
Higher than 55% of 256 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
310,133 | 192,549 | 152,143 | 122,672 | 83,770 | 70,404 | |
21/28 |
21,383 | 25,840 | 25,555 | 29,550 | 19,456 | 16,751 | |
22/27 |
21,383 | 25,840 | 25,555 | 29,550 | 19,456 | 16,751 | |
22 |
20,712 | 24,220 | 22,986 | 26,032 | 14,989 | 16,751 | |
23 |
671 | 1,620 | 2,569 | 3,518 | 4,467 | - | |
29/58 |
288,751 | 166,709 | 126,588 | 93,122 | 64,314 | 53,653 | |
29 |
- | - | - | - | 63,447 | - | |
290 |
- | - | - | - | 42,447 | - | |
291 |
- | - | - | - | 21,000 | - | |
40/41 |
287,398 | 164,769 | 126,244 | 92,459 | - | 8,500 | |
40 |
195,414 | 69,610 | 103,572 | 71,459 | - | - | |
41 |
91,984 | 95,159 | 22,672 | 21,000 | - | 8,500 | |
54/58 |
1,352 | 1,940 | 343 | 662 | 867 | 45,153 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
310,133 | 192,549 | 152,143 | 122,672 | 83,770 | 70,404 | |
10/15 |
199,418 | 189,883 | 142,851 | 97,370 | 71,215 | 47,111 | |
10/11 |
21,000 | 21,000 | 21,000 | 21,000 | 21,000 | 21,000 | |
13 |
- | - | - | 1,226 | 278 | - | |
132 |
- | - | - | 1,226 | 278 | - | |
14 |
178,418 | 168,883 | 121,851 | 75,143 | 49,936 | 26,111 | |
17/49 |
110,715 | 2,666 | 9,292 | 25,303 | 12,556 | 23,293 | |
42/48 |
110,715 | 2,666 | 9,292 | 25,303 | 12,556 | 23,293 | |
44 |
106,015 | 7 | 1,058 | 17,996 | 87 | 10,119 | |
440/4 |
106,015 | 7 | 1,058 | 17,996 | 87 | 10,119 | |
45 |
2,591 | 2,659 | 8,158 | 7,307 | 12,469 | 13,174 | |
450/3 |
2,591 | 2,659 | 8,158 | 7,307 | 12,469 | 6,043 | |
454/9 |
- | - | - | - | - | 7,131 | |
47/48 |
2,110 | - | 76 | - | - | - | |
| Income statement | |||||||
9900 |
17,643 | 63,492 | 61,626 | 34,795 | 35,355 | 33,727 | |
630 |
4,458 | 4,340 | 3,995 | 2,746 | 2,040 | 869 | |
640/8 |
400 | 387 | 384 | 348 | 348 | 695 | |
9901 |
12,786 | 58,765 | 57,247 | 31,702 | 32,967 | 32,164 | |
65/66B |
72 | 67 | 107 | 48 | 44 | 10 | |
65 |
72 | 67 | 107 | 48 | 44 | 10 | |
9903 |
12,714 | 58,697 | 57,140 | 31,654 | 32,924 | 32,154 | |
67/77 |
3,178 | 11,665 | 11,659 | 5,499 | 6,523 | 6,043 | |
9904 |
9,535 | 47,032 | 45,482 | 26,155 | 26,401 | 26,111 | |
789 |
- | - | 1,226 | - | - | - | |
689 |
- | - | - | 948 | 278 | - | |
9905 |
9,535 | 47,032 | 46,708 | 25,207 | 26,122 | 26,111 | |
| Appropriation of the result | |||||||
9906 |
178,418 | 168,883 | 121,851 | 75,143 | 49,936 | 26,111 | |
14P |
168,883 | 121,851 | 75,143 | 49,936 | 23,814 | - | |
| Document | |||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 07-08-2026.
2025 annual accounts filed 7 days after the deadline. Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00388937.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-08-2026 | 2026-00388937 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00431284 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00403031 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00386208 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20388949 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-61900578 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 17,243 | 63,105 | 61,242 | 34,448 | 35,007 | 33,032 | ||
| 13,993 | 51,372 | 49,477 | 28,901 | 28,441 | 26,979 | ||
| 0 | 4,625 | 0 | 12,841 | 4,745 | 17,619 | ||
| -588 | 1,596 | -319 | -205 | -44,286 | - | ||
| 178,036 | 164,043 | 117,296 | 67,819 | 51,759 | 30,360 | ||
| 64.3% | 98.6% | 93.9% | 79.4% | 85.0% | 66.9% | ||
| 2.61 | 62.54 | 13.62 | 3.68 | 5.12 | 2.30 | ||
| 0.56 | 0.01 | 0.07 | 0.26 | 0.18 | 0.49 | ||
| 4.8% | 24.8% | 31.8% | 26.9% | 37.1% | 55.4% | ||
| 3.1% | 24.4% | 29.9% | 21.3% | 31.5% | 37.1% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €4,625 | - | €12,841 | €4,745 |
| €4,458 | €4,340 | €3,995 | €2,746 | €2,040 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 78% lower than in 2024 and the lowest since 2020.
Debt's share of the balance-sheet total rises from 1.4% to 35.7%. Equity and debt are higher.
SOLCA has no parent and no holdings in its annual accounts.
| BELVIEW OFFICE
establishment since 22-12-2011 · founded in 2011 |
turnover €1.4m (2025) 0842.214.574 |
| ORKA HOLDING
establishment since 22-09-2014 · founded in 2014 |
total assets €6.0m (2025) 0563.468.446 |
| SEnS Solar België 2
establishment since 28-12-2010 · founded in 2011 · group Nordic Solar A/S |
total assets €5.2m (2025) 0832.478.348 |
| ORKA HARELBEKE
establishment since 04-03-2011 · founded in 2011 · group ORKA HOLDING |
total assets €4.5m (2025) 0834.432.897 |
| SEnS SOLAR BELGIE
establishment since 08-09-2010 · founded in 2010 · group Nordic Solar A/S |
total assets €4.1m (2025) 0829.169.262 |
| GEOFRA
registered office since 27-03-1987 · founded in 1987 |
total assets €3.3m (2025) 0430.602.695 |
| VITROLIFE
establishment since 06-12-2017 · founded in 2017 |
5 FTE (2025) 0685.675.182 |
| ORKA EINDHOUT
establishment since 10-05-2011 · founded in 2011 · group ORKA HOLDING |
total assets €2.2m (2025) 0836.156.232 |
| ORKA BLAUWE TOREN
establishment since 15-06-2009 · founded in 2009 · group ORKA HOLDING |
total assets €2.1m (2025) 0812.304.427 |
| ORKA BRUSSEL
establishment since 26-09-2012 · founded in 2012 · group ORKA HOLDING |
total assets €1.3m (2025) 0849.070.001 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Zwaluwstraat 113 registered office 1840 Londerzeel | 26-12-2019 | 2.297.590.894 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23048E0241/00T002 | 225 m² | 1 · 66 m² | 2.2 m |
If something looks wrong or is missing, please tell us.