Equity
-€2.9m from €459,728 in 2011
Equity fell below zero in 2012.
SOLECO
Overview
Lifetime
6 annual accounts with figures on one time axis, 7 filings since 2006peak €3.1m (2011)
-€1.0m▼ €4.2m
lowest -€3.3m (2012)
-€3.3m▼ €4.2m
peak €459,728 (2011)
-€2.9m▼ €3.3m
€10.3m▼ 2.0%
peak 17.1 FTE (2012)
17.1 FTE▲ 74.5%
Documentsfilings and deeds
27-09-2013filed
2012abbreviated format
Gross margin from €3.1m to -€1.0mLoss of €3.3mStaff from 9.8 FTE to 17.1 FTEEquity from €459,728 to -€2.9mInvestments €164,840Cash from €661,768 to €125,653
Key points
from the 2012 annual accounts, the last ones filedDebts
€10.3m 117% of the balance sheet
After one year 6%Within one year 94%
Of this, €9.6m falls due within a year.
Filings
7 annual accounts 1 late
The 2012 accounts came 58 days late. The other six were filed on time.
No score
Recent changes
Bankruptcy closure (by liquidation)
Enterprise Court of Antwerp, Tongeren division · judgment of 26-09-2023 · Bankruptcy
Bankruptcy published
Rechtbank van koophandel te Tongeren · judgment of 06-01-2014 · Bankruptcy
Incorporation
19 publications in the Belgian Official Gazette, the last on 29-09-2023 · Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 17-01-2005 · bankruptcy closed on 26-09-2023
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2012
- €23.5m
- €3.3m
- -€2.9m
- €8.8m▼ 25.3%
- 17.1 FTE▲ 74.5%
- Filing
- Filed on 27-09-2013
Insights on SOLECO
Equity fell from €459,728 in 2011 to -€2.9m in 2012.
On 6 January 2014 the court declared SOLECO bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2012
abbreviated format, filed on 27-09-2013, 58 days late€23.5m
-€2.6m
▼ €4.5m
-€2.6m
▼ €4.5m
-€3.3m
▼ €4.2m
-32.7%
▼ 36.6 percentage points
0.87
▼ 0.40
Money flows
of every €100 of turnover, €14.16 was lost in 2012Balance sheet
balance sheet total €8.8m on 31-12-2012What the company ownsHow it is paid for
in €m
in €m
Staff
€50,939
Staff costs divided by the average number of full-time equivalents.
+1 person
people who joined
people who left
In 2012, 13 people joined and 12 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
8.8m | 11.7m | 2.2m | 330,507 | 1,710 | 24,560 | |
21/28 |
361,123 | 257,336 | 97,194 | 19,909 | - | - | |
21 |
11,521 | 1,389 | - | - | - | - | |
22/27 |
179,922 | 179,397 | 80,694 | 19,909 | - | - | |
22 |
62,904 | 51,434 | - | - | - | - | |
23 |
36,995 | 28,047 | 29,425 | 3,884 | - | - | |
24 |
80,023 | 99,916 | 51,269 | 16,025 | - | - | |
28 |
169,681 | 76,550 | 16,500 | - | - | - | |
29/58 |
8.4m | 11.5m | 2.1m | 310,598 | 1,710 | 24,560 | |
29 |
- | 460,000 | - | - | - | - | |
290 |
- | 460,000 | - | - | - | - | |
3 |
2.2m | 7.8m | 910,324 | 133,958 | - | - | |
30/36 |
1.4m | 5.1m | 636,552 | 133,958 | - | - | |
37 |
848,906 | 2.7m | 273,772 | - | - | - | |
40/41 |
6.0m | 2.4m | 762,108 | 62,819 | 170 | - | |
40 |
5.0m | 2.1m | 595,190 | 54,324 | - | - | |
41 |
938,191 | 248,593 | 166,918 | 8,495 | 170 | - | |
54/58 |
125,653 | 661,768 | 398,762 | 70,321 | 1,539 | 3,712 | |
490/1 |
96,052 | 158,595 | 14,366 | 43,500 | - | 20,849 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
8.8m | 11.7m | 2.2m | 330,507 | 1,710 | 24,560 | |
10/15 |
-2.9m | 459,728 | 438,888 | 37,397 | -2,843 | 152 | |
10/11 |
400,000 | 400,000 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
400,000 | 400,000 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
59,600 | 59,600 | 401,860 | 1,860 | 165 | 165 | |
130 |
40,000 | 40,000 | 1,860 | 1,860 | 165 | 165 | |
133 |
19,600 | 19,600 | 400,000 | - | - | - | |
14 |
-3.3m | 128 | 18,428 | 16,937 | -21,607 | -18,612 | |
16 |
1.4m | 809,236 | 383,392 | - | - | - | |
160/5 |
1.4m | 809,236 | 383,392 | - | - | - | |
17/49 |
10.3m | 10.5m | 1.4m | 293,111 | 4,552 | 24,408 | |
17 |
625,000 | 1.1m | 7,892 | 10,793 | - | - | |
170/4 |
625,000 | 1.1m | 7,892 | 10,793 | - | - | |
42/48 |
9.6m | 9.1m | 1.3m | 247,318 | 4,552 | 24,408 | |
42 |
503,150 | 503,216 | 2,901 | 2,708 | - | - | |
43 |
1.4m | - | 751 | - | - | - | |
430/8 |
1.4m | - | 751 | - | - | - | |
44 |
6.2m | 5.6m | 768,454 | 84,617 | - | 348 | |
440/4 |
6.2m | 5.6m | 768,454 | 84,617 | - | 348 | |
46 |
912,920 | 1.9m | 46,214 | 140,466 | - | - | |
45 |
585,941 | 300,139 | 329,564 | 19,527 | - | 10,560 | |
450/3 |
400,416 | 170,006 | 305,524 | 19,527 | - | 112 | |
454/9 |
185,525 | 130,133 | 24,040 | - | - | 10,448 | |
47/48 |
31,020 | 775,854 | 200,418 | - | 4,552 | 13,500 | |
492/3 |
964 | 278,878 | 4,280 | 35,000 | - | - | |
| Income statement | |||||||
70 |
23.5m | - | - | - | - | - | |
76A |
11,871 | 376 | 241 | - | - | - | |
9900 |
-1.0m | 3.1m | 1.4m | 73,291 | -2,853 | 61,344 | |
60/61 |
24.5m | - | - | - | - | - | |
62 |
871,056 | 743,350 | 135,997 | 7,891 | - | 73,745 | |
630 |
61,053 | 64,595 | 17,284 | 1,805 | - | - | |
631/4 |
63,976 | - | - | - | - | - | |
635/8 |
551,091 | 425,845 | 383,392 | - | - | - | |
640/8 |
41,881 | 27,620 | 3,503 | 1,668 | 63 | 225 | |
66A |
78,491 | 402 | - | 8,098 | - | 6,588 | |
9901 |
-2.6m | 1.9m | 811,190 | 61,927 | -2,916 | -12,626 | |
75/76B |
44,245 | 251,304 | 31,730 | 570 | 5 | 130 | |
75 |
44,245 | 251,304 | 31,730 | 570 | 5 | 130 | |
65/66B |
290,441 | 848,287 | 18,395 | 5,506 | 260 | 1,030 | |
65 |
290,441 | 848,287 | 18,395 | 5,506 | 260 | 1,030 | |
9903 |
-2.9m | 1.3m | 824,766 | 48,892 | -3,171 | -20,113 | |
67/77 |
377,199 | 342,847 | 223,275 | 8,653 | -176 | 1,629 | |
9904 |
-3.3m | 920,840 | 601,491 | 40,239 | -2,995 | -21,743 | |
9905 |
-3.3m | 920,840 | 601,491 | 40,239 | -2,995 | -21,743 | |
| Appropriation of the result | |||||||
9906 |
-3.3m | 939,268 | 618,428 | 18,632 | -21,607 | -18,612 | |
691/2 |
- | 39,140 | 400,000 | 1,695 | - | - | |
6920 |
- | 38,140 | - | 1,695 | - | - | |
6921 |
- | 1,000 | 400,000 | - | - | - | |
694/7 |
- | 900,000 | 200,000 | - | - | - | |
694 |
- | 500,000 | - | - | - | - | |
695 |
- | 400,000 | 200,000 | - | - | - | |
| Social balance sheet | |||||||
9087 |
17.1 | 9.8 | 3.8 | 0.3 | - | 1.7 | |
Hours worked1013 |
29,316 | 25,361 | 6,338 | 256 | - | 1,543 | |
| Document | |||||||
The accounts for financial year 2006 were filed as a document without figures as data, a scan for example.
Source: Annual accounts 2012 (PDF), filed on 27-09-2013.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2012 | abbreviated format | 27-09-2013 | 2013-60400165 | |
| 31-12-2011 | abbreviated format | 04-07-2012 | 2012-26800339 | |
| 30-06-2010 | abbreviated format | 14-01-2011 | 2011-00900361 | |
| 30-06-2009 | abbreviated format | 24-08-2009 | 2009-60400353 | |
| 30-06-2008 | abbreviated format | 22-12-2008 | 2008-85900272 | |
| 30-06-2007 | abbreviated format | 19-12-2007 | 2007-83500332 | |
| 30-06-2006 | abbreviated format | 15-12-2006 | 2006-91202062 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|
| -2.6m | 1.9m | 828,474 | 63,732 | - | - | ||
| -3.3m | 985,435 | 618,775 | 42,044 | - | - | ||
| 175,858 | 224,737 | 94,569 | 21,714 | - | - | ||
| -536,115 | 263,006 | 328,441 | 68,782 | -2,172 | - | ||
| -1.2m | 2.4m | 737,258 | 63,281 | -2,843 | 152 | ||
| -11.2% | - | - | - | - | - | ||
| -32.7% | 3.9% | 20.1% | 11.3% | - | 0.6% | ||
| 0.87 | 1.27 | 1.55 | 1.26 | - | 1.01 | ||
| 0.64 | 0.40 | 0.87 | 0.71 | - | 1.01 | ||
| - | 22.78 | 3.10 | 7.84 | - | - | ||
| - | 200.3% | 137.0% | 107.6% | - | - | ||
| -37.9% | 7.8% | 27.6% | 12.2% | - | -88.5% | ||
| 78 days | - | - | - | - | - | ||
| 92 days | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Insights on SOLECO
The operating result for 2012 is a loss of €2.6m, after a profit of €1.9m in 2011. It is the lowest result since 2007.
Equity is negative. Debt (€10.3m) exceeds the balance-sheet total (€8.8m).
Large changes and their cause
- 2011 Net result +53% on 2010. This financial year ran 18 months, the previous one 12.
Board & ownership
Curator
1 mandateMr. Vanbergen
Curator, Elisabeth, Klokkestraat 12/1, 3740 Bilzen
from 06-01-2014 to 26-09-2023
Control
Capital
- Capital
- €400,000
- Source
- 2012 annual accounts
Network & group
Holdings
own 2012 accountsThis companySOLECO5 holdings, 2 countries
2012 accounts
Belgium 4 Year Equity Result
- BE SOLECO TECHNICS 2025€270,959 result -€500,881 (2025)
- BE SOLECO ENERGYno longer active 2012€21,548 result €1,548 (2012)
- BE SOLECO SUDbankrupt 2012€19,349 result -€651 (2012)
- BE SOLECO GREEN ENERGY90%bankrupt 2012€17,135 result €2,865 (2012)
Europe 1 Year Equity Result
- NL SOLECO BV 2012-€253,704 result -€271,704 (2012)
Source: list of holdings in its own 2012 accounts. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
Holdings through the years
2011 to 2012| Name | 2011 | 2012 |
|---|---|---|
| SOLAR ASSISTANCE | 100% | |
| SOLECO BVNL | 100% | |
| SOLECO ENERGY | 100% | |
| SOLECO SUD | 100% | |
| SOLECO GREEN ENERGY | 90% | |
Source: list of holdings in its own accounts
Connections & network
See the function holders in the KBO register.
Timeline
Timeline
15 events since 2005Filings
Financial
Insolvency
20062008201020122014201620182020202220242026
2023
Bankruptcy closure (by liquidation) Enterprise Court of Antwerp, Tongeren division · judgment of 26-09-2023
2014
Bankruptcy published Rechtbank van koophandel te Tongeren · judgment of 06-01-2014
2013
Annual accounts 2012 filed PDFabbreviated format · 58 days late
2012
Weakest financial year net -€3.3m The net result drops to -€3.3m, the lowest from 2007 to 2012.
Annual accounts 2011 filed PDFabbreviated format · 27 days before the deadline
2011
Highest result from 2007 to 2012 net €920,840 ▲53.1% The operating result of €1.9m and the net result of €920,840 are both a record.
Annual accounts 2010 filed PDFabbreviated format · 17 days before the deadline
2010
Equity above €200,000 equity €438,888 ▲1,074% After 2 profitable years in a row, equity reaches €438,888.
2009
Annual accounts 2009 filed PDFabbreviated format · 160 days before the deadline
Back to profit net €40,239 The net result is €40,239, after 2 loss-making years.
Liquidity more than triples current ratio 1.26 The current ratio rises from 0.38 to 1.26.
2008
Annual accounts 2008 filed PDFabbreviated format · 40 days before the deadline
2007
Annual accounts 2007 filed PDFabbreviated format · 43 days before the deadline
2006
Annual accounts 2006 filed PDFabbreviated format · 47 days before the deadline
2005
Incorporation PDF19 publications in the Belgian Official Gazette, the last on 29-09-2023
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
SOLECO is no longer in the KBO register.
- Last annual accounts
- financial year to 31 December 2012
- Last registered office
- Industrieweg Noord 1102/A, 3660 Opglabbeekas published on 19 November 2013
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2006