Equity
€270,959 from €771,840 in 2024
Equity fell by 65% in 1 year.
SOLAR ASSISTANCE
Lifetime
13 annual accounts with figures on one time axispeak €1.3m (2024)
€630,157▼ 53.1%
lowest -€500,881 (2025)
-€500,881▼ €719,947
peak €771,840 (2024)
€270,959▼ 64.9%
€3.0m▲ 44.6%
peak 16.3 FTE (2024)
14.6 FTE▼ 10.4%
Board4 names since 2019
2 directorsSolarman and 1 other
Owners4 names in the annual accounts
consolidatesSolarman
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €1.3m to €630,157Loss of €500,881Staff from 16.3 FTE to 14.6 FTEMerger: Solar Assistance takes over Mobile data services 13-01Equity from €771,840 to €270,959Debts from €2.1m to €3.0m
Key points
from the 2025 annual accountsResult
-€500,881 -€500,881
From profit to loss in 2025, after a profit of €219,066 in 2024.
Debts
€3.0m 82% of the balance sheet
Financial debts 30%Suppliers 38%Taxes and wages 3%Other 30%
Of this, €2.2m falls due within a year.
Filings
13 annual accounts since 2013
Seven of the last ten came late. The 2020 accounts came latest: 75 days after the end of the period.
Restructuring
2025
Merger with MOBILE DATA SERVICES BV. Merger on 13-01-2025.
Position in the sector
-€500,881
Lower net result than 95% of companies in specialised construction. Sector median €26,643 · 9,942 companies.
Equity -65%: merger
Checked score
51
Fair
Financially stronger than 10% of small companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,649 companies (NACE 43, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.8%▲ +0.1 percentage points vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.9%▲ +0.1 percentage points vs 05-2025
07-2025: 0.1%▼ -0.8 percentage points vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.2%▲ +0.1 percentage points vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.6%▲ +0.3 percentage points vs 07-2026
09-2026: 2.1%▲ +1.5 percentage points vs 08-2026highest value
10-2026: 2.1%● unchanged vs 09-2026highest value
11-2026: 2.1%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €500,881 (financial year 2025)
Equity €270,959 (7.3% of total assets)
Sector: Specialised construction activities (NACE 43)
lowers risk
Figures for financial year 2025 (filed on 02-09-2026)
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, small). It does better than 8% of them on solvency, 23% on liquidity, 4% on profitability and 4% on growth.
The bankruptcy probability was computed on 07-11-2026 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, 112 companies had the same profile as SOLAR ASSISTANCE has now. Each dot is one company, two years later.
91.1%
were still trading
4.5%
stopped another way
3.6%
went bankrupt
Another 0.9% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOLAR ASSISTANCE itself: 2.1% within 12 months.
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 112 companies, not a prediction for SOLAR ASSISTANCE. 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 €13,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.32 (1.97 in 2024), below the usual 1.5. Short-term debt is 59% and cash 8.3% of total assets. 92.7% 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
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 9950 sector peers (2025).
NBB · sector comparisonPosition among 9950 sector peers
Solvency
better than 10%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 days late
2024
35 days early
2023
9 days late
2022
22 days late
2021
25 days late
2020
75 days late
2019
4 days early
← 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 18 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 22 August (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
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Merger: Solar Assistance takes over Mobile data services
Permanent representatives: LAI Emanuele and DONNé Jürgen · The company holds all the shares of Mobile data services · Director discharge: Solarman · General meeting of 26-12-2024 · Gazette deed
Merger proposal: SOLAR ASSISTANCE BV takes over MOBILE DATA SERVICES BV
Permanent representatives: Lai Emanuele, Donné Jürgen, Johan Jacobs, Kris Bollen, Sylvie van Mol, Koen Rymenants and 2 others · The company holds all the shares of MOBILE DATA SERVICES BV · Gazette deed
2 managers resigning, 2 directors reappointed
Resignations: Solarman (manager) and DONNÉ Jürgen (manager) · Reappointments: Solarman (director) and DManagement Group (director) · Permanent representatives: LAI Emanuele Junior and DONNÉ Jürgen · General meeting of 04-12-2023 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0847005978
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOLAR ASSISTANCE Lummen | €3.7m | €0.6m | 7.3% | 14.6 |
| WIN4LED Jalhay | €2.5m | €0.8m | 7.0% | 11.9 |
| A.D. SERVICES Courcelles | €3.0m | €0.9m | 14.7% | 11.8 |
| ELEKTRICITEITSWERKEN COENEN Tongeren-Borgloon | €3.5m | €1.0m | 40.0% | 10.2 |
| WOPA Riemst | €4.9m | €0.8m | 56.4% | 8 |
| LEDNLUX Genk | €4.0m | €1.5m | 55.3% | 17.5 |
| LEMCON Leuven | €3.6m | €1.0m | 7.4% | 12.8 |
These companies have the same main activity as SOLAR ASSISTANCE: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €2.5m and €4.9m, founded between 2008 and 2015.
Official details
Source: KBO- Status
- Active since 29-06-2012Normal situation
- Registered office
- 12 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- General electrical installation workNACE 43211
- Establishment unit
- 2.211.770.8383560 Lummen, since 29-06-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Insights on SOLAR ASSISTANCE
SOLAR ASSISTANCE files the abbreviated format. That format states no turnover. The gross margin rose from €240,145 in 2013 to €630,157 in 2025.
Solarman holds all the shares.
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 SOLAR ASSISTANCE
- What is the company number of SOLAR ASSISTANCE?
- The company number of SOLAR ASSISTANCE is 0847.005.978. The VAT number is the same number with BE in front: BE 0847.005.978.
- Where is SOLAR ASSISTANCE based?
- The registered office is at Bosstraat 69, 3560 Lummen.Company details
- What does SOLAR ASSISTANCE do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of SOLAR ASSISTANCE?
- SOLAR ASSISTANCE is a private limited company (BV).
- When was SOLAR ASSISTANCE founded?
- SOLAR ASSISTANCE was founded on 29-06-2012.
- Is SOLAR ASSISTANCE still active?
- Yes, SOLAR ASSISTANCE is an active enterprise in the KBO register.
- How many employees does SOLAR ASSISTANCE have?
- SOLAR ASSISTANCE had an average of 14.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of SOLAR ASSISTANCE?
- The turnover in financial year 2025 is ≈ €1.4m. This figure is estimated from the gross margin of €630,157 and 35 comparable companies (NACE 43211). It probably lies between €1.2m and €1.7m.
- Is SOLAR ASSISTANCE profitable?
- In financial year 2025, SOLAR ASSISTANCE made a loss of €500,881.
- Where can I find the annual accounts of SOLAR ASSISTANCE?
- SOLAR ASSISTANCE filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOLAR ASSISTANCE due?
- SOLAR ASSISTANCE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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