SOLFUND
Open bankruptcyA bankruptcy procedure is open for SOLFUND according to publications in the Belgian State Gazette; curator: KAREL ROMMENS.
Summary
The 2023 annual accounts show negative equity (€-1.92M) and a net result of €-803k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 03-07-2024, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
28 d early
2022
86 d late
2021
87 d late
2020
95 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€-1.92M▼ 71.7%
2022 · €-1.12M
Total assets
€31k▼ 95.7%
2022 · €721k
Net result
€-803k▲ 8.1%
2022 · €-873k
Working capital
€7k▼ 96.9%
2022 · €219k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€-20k▲ 99.1%€-7k▲ 64.2%€-48k▼ 560%€-15k▲ 68.6%€-709k▼ 4,579%
Net result€-104k▲ 97.8%€-76k▲ 26.6%€-140k▼ 83.5%€-873k▼ 523%€-803k▲ 8.1%
Equity€-30k€-107k▼ 252%€-247k▼ 131%€-1.12M▼ 353%€-1.92M▼ 71.7%
Total assets€1.48M▲ 0.9%€1.49M▲ 0.5%€1.50M▲ 0.5%€721k▼ 51.9%€31k▼ 95.7%
Debt€1.51M▲ 8.4%€1.60M▲ 5.5%€1.74M▲ 9.2%€1.84M▲ 5.6%€1.95M▲ 6.1%
Working capital€182k▼ 3.3%€188k▲ 3.5%€198k▲ 5.3%€219k▲ 10.4%€7k▼ 96.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €709k in 2023 against €15k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €31k
Fixed assets
€20k ▼ 96.0%
Current assets
€11k ▼ 95.1%
Key figures and ratios
Current ratio
2.64▼
2022 · 90.00
Debt to equity
-1.02▲
2022 · -1.64
Debt ≤ 1 year
€4k▲
2022 · €2k
Debt > 1 year
€1.14M▲
2022 · €1.13M
A ratio outside any meaningful range has been withheld (balance sheet total €31k, equity €-1.92M).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €47k | - | - | - |
| Other operating charges640/8 | - | - | €979 | €1k | €1k | ▼ 5.7% |
| Non-recurring operating charges66A | - | - | - | - | €698k | - |
| Gross operating margin9900 | €-19k | €-6k | €-47k | €-14k | €-10k | ▲ 29.7% |
| Operating profit (loss)9901 | €-20k | €-7k | €-48k | €-15k | €-709k | ▼ 4,579% |
| Financial income75/76B | - | - | €8k | €14k | €9k | ▼ 35.7% |
| Recurring financial income75 | €14k | €29k | €8k | €14k | €9k | ▼ 35.7% |
| Financial charges65/66B | - | - | €100k | €873k | €104k | ▼ 88.1% |
| Recurring financial charges65 | €98k | €98k | €100k | €104k | €104k | ▼ 0.3% |
| Non-recurring financial charges66B | - | - | - | €769k | - | - |
| Profit (loss) for the period before taxes9903 | €-104k | €-76k | €-140k | €-873k | €-803k | ▲ 8.1% |
| Income taxes67/77 | - | - | €-6 | - | - | - |
| Profit (loss) for the period9904 | €-104k | €-76k | €-140k | €-873k | €-803k | ▲ 8.1% |
| Profit (loss) for the period to be appropriated9905 | €-104k | €-76k | €-140k | €-873k | €-803k | ▲ 8.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.48M | €1.49M | €1.50M | €721k | €31k | ▼ 95.7% |
| Fixed assets21/28 | €1.28M | €1.28M | €1.28M | €500k | €20k | ▼ 96.0% |
| Financial fixed assets28 | €1.28M | €1.28M | €1.28M | €500k | €20k | ▼ 96.0% |
| Current assets29/58 | €202k | €209k | €216k | €221k | €11k | ▼ 95.1% |
| Amounts receivable within one year40/41 | €2k | €5k | €3k | €939 | €939 | = |
| Trade receivables40 | - | - | €3k | - | - | - |
| Other amounts receivable41 | - | - | - | €939 | €939 | = |
| Cash at bank and in hand54/58 | €25k | - | €7k | €2k | €10k | ▲ 407% |
| Deferred charges and accrued income490/1 | - | - | €206k | €218k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.48M | €1.49M | €1.50M | €721k | €31k | ▼ 95.7% |
| Equity10/15 | €-30k | €-107k | €-247k | €-1.12M | €-1.92M | ▼ 71.7% |
| Contributions10/11 | €2.02M | €2.02M | €2.02M | €2.02M | €2.02M | = |
| Capital10 | - | - | €2.02M | €2.02M | €2.02M | = |
| Issued capital100 | - | - | €2.02M | €2.02M | €2.02M | = |
| Reserves13 | €173k | €173k | €173k | €173k | €173k | = |
| Non-distributable reserves130/1 | - | - | €140k | €140k | €140k | = |
| Legal reserve130 | - | - | €140k | €140k | €140k | = |
| Distributable reserves133 | - | - | €34k | €34k | €34k | = |
| Profit (loss) carried forward14 | €-2.22M | €-2.30M | €-2.44M | €-3.31M | €-4.12M | ▼ 24.2% |
| Amounts payable17/49 | €1.51M | €1.60M | €1.74M | €1.84M | €1.95M | ▲ 6.1% |
| Amounts payable after more than one year17 | €1.07M | €1.07M | €1.12M | €1.13M | €1.14M | ▲ 0.7% |
| Other amounts payable178/9 | - | - | €1.12M | €1.13M | €1.14M | ▲ 0.7% |
| Amounts payable within one year42/48 | €20k | €21k | €18k | €2k | €4k | ▲ 68.3% |
| Trade debts44 | - | €580 | - | €2k | €4k | ▲ 68.3% |
| Suppliers440/4 | - | - | - | €2k | €4k | ▲ 68.3% |
| Other amounts payable47/48 | - | - | €18k | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €606k | €708k | €812k | ▲ 14.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-104k | €-76k | €-140k | €-873k | €-803k | ▲ 8.1% |
| Operating cash flow (approximation) | €-104k | €-76k | €-140k | €-873k | €-803k | ▲ 8.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €781k | €480k | ▼ 38.6% |
| Change in cash | - | - | - | €-5k | €8k | ▲ 267% |
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
15-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 08-04-2025
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 86 days late
2022
31-12
Financial
Liquidity times 7current ratio 90.00
Current ratio from 12.07 to 90.00; short-term debt falls from €18k to €2k.
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 87 days late
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 95 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 69 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
08-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial 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, Waregem · 1 establishment unit since 2010
Ground area
1,510 m²
Building footprint
1,056 m²
Volume, LiDAR
7,373 m³
Parcel 34040C1249/00W002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Henri Lebbestraat 190, 8790 Waregem
since 20102.194.247.094
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1249/00W002 | Flanders | 1,510 m² | 1 · 1,056 m² | 9.0 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KAREL ROMMENS OUDE IEPERSTRAAT 4,
8560 WEVELGEM |
08-04-2025 → present |
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded30-11-2010
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.