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 (-€1.9m) and a net result of -€802,935.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Kortrijk division
- Declared bankrupt
- 8 April 2025
- Supervising judge
- Luc Vanderbeke
- Official Gazette
- 15-04-2025 (pdf) ↗search the document for 2025/116196
Curator
- Karel RommensOude Ieperstraat 4, 8560 Wevelgemkarel.rommens@admlaw.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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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 →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 62 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
-€1.9m▼ 71.7%
2022 · -€1.1m
Total assets
€30,901▼ 95.7%
2022 · €720,646
Net result
-€802,935▲ 8.1%
2022 · -€873,424
Working capital
€6,767▼ 96.9%
2022 · €218,633
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-€20,423▲ 99.1%-€7,305▲ 64.2%-€48,239▼ 560%-€15,145▲ 68.6%-€708,668▼ 4,579%
Net result-€104,161▲ 97.8%-€76,452▲ 26.6%-€140,299▼ 83.5%-€873,424▼ 523%-€802,935▲ 8.1%
Equity-€30,335-€106,787▼ 252%-€247,086▼ 131%-€1.1m▼ 353%-€1.9m▼ 71.7%
Total assets€1.5m▲ 0.9%€1.5m▲ 0.5%€1.5m▲ 0.5%€720,646▼ 51.9%€30,901▼ 95.7%
Debt€1.5m▲ 8.4%€1.6m▲ 5.5%€1.7m▲ 9.2%€1.8m▲ 5.6%€2.0m▲ 6.1%
Working capital€181,877▼ 3.3%€188,153▲ 3.5%€198,049▲ 5.3%€218,633▲ 10.4%€6,767▼ 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 €708,668 in 2023 against €15,145 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 €30,901
Fixed assets
€20,000 ▼ 96.0%
Current assets
€10,901 ▼ 95.1%
Key figures and ratios
Current ratio
2.64▼
2022 · 90.00
Debt to equity
-1.02▲
2022 · -1.64
Debt ≤ 1 year
€4,134▲
2022 · €2,457
Debt > 1 year
€1.1m▲
2022 · €1.1m
A ratio outside any meaningful range has been withheld (balance sheet total €30,901, equity -€1.9m).
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 | - | - | €47,260 | - | - | - |
| Other operating charges640/8 | - | - | €979 | €1,140 | €1,075 | ▼ 5.7% |
| Non-recurring operating charges66A | - | - | - | - | €697,743 | - |
| Gross operating margin9900 | -€19,448 | -€6,328 | -€47,260 | -€14,005 | -€9,849 | ▲ 29.7% |
| Operating profit (loss)9901 | -€20,423 | -€7,305 | -€48,239 | -€15,145 | -€708,668 | ▼ 4,579% |
| Financial income75/76B | - | - | €8,171 | €14,387 | €9,245 | ▼ 35.7% |
| Recurring financial income75 | €14,387 | €28,812 | €8,171 | €14,387 | €9,245 | ▼ 35.7% |
| Financial charges65/66B | - | - | €100,237 | €872,666 | €103,512 | ▼ 88.1% |
| Recurring financial charges65 | €98,124 | €97,960 | €100,237 | €103,791 | €103,512 | ▼ 0.3% |
| Non-recurring financial charges66B | - | - | - | €768,875 | - | - |
| Profit (loss) for the period before taxes9903 | -€104,161 | -€76,452 | -€140,305 | -€873,424 | -€802,935 | ▲ 8.1% |
| Income taxes67/77 | - | - | -€6 | - | - | - |
| Profit (loss) for the period9904 | -€104,161 | -€76,452 | -€140,299 | -€873,424 | -€802,935 | ▲ 8.1% |
| Profit (loss) for the period to be appropriated9905 | -€104,161 | -€76,452 | -€140,299 | -€873,424 | -€802,935 | ▲ 8.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.5m | €720,646 | €30,901 | ▼ 95.7% |
| Fixed assets21/28 | €1.3m | €1.3m | €1.3m | €499,556 | €20,000 | ▼ 96.0% |
| Financial fixed assets28 | €1.3m | €1.3m | €1.3m | €499,556 | €20,000 | ▼ 96.0% |
| Current assets29/58 | €201,877 | €208,733 | €215,944 | €221,090 | €10,901 | ▼ 95.1% |
| Amounts receivable within one year40/41 | €2,070 | €4,932 | €2,905 | €939 | €939 | = |
| Trade receivables40 | - | - | €2,905 | - | - | - |
| Other amounts receivable41 | - | - | - | €939 | €939 | = |
| Cash at bank and in hand54/58 | €24,819 | - | €6,763 | €1,963 | €9,962 | ▲ 407% |
| Deferred charges and accrued income490/1 | - | - | €206,276 | €218,187 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.5m | €720,646 | €30,901 | ▼ 95.7% |
| Equity10/15 | -€30,335 | -€106,787 | -€247,086 | -€1.1m | -€1.9m | ▼ 71.7% |
| Contributions10/11 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Capital10 | - | - | €2.0m | €2.0m | €2.0m | = |
| Issued capital100 | - | - | €2.0m | €2.0m | €2.0m | = |
| Reserves13 | €173,056 | €173,056 | €173,056 | €173,056 | €173,056 | = |
| Non-distributable reserves130/1 | - | - | €139,506 | €139,506 | €139,506 | = |
| Legal reserve130 | - | - | €139,506 | €139,506 | €139,506 | = |
| Distributable reserves133 | - | - | €33,550 | €33,550 | €33,550 | = |
| Profit (loss) carried forward14 | -€2.2m | -€2.3m | -€2.4m | -€3.3m | -€4.1m | ▼ 24.2% |
| Amounts payable17/49 | €1.5m | €1.6m | €1.7m | €1.8m | €2.0m | ▲ 6.1% |
| Amounts payable after more than one year17 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 0.7% |
| Other amounts payable178/9 | - | - | €1.1m | €1.1m | €1.1m | ▲ 0.7% |
| Amounts payable within one year42/48 | €20,000 | €20,580 | €17,895 | €2,457 | €4,134 | ▲ 68.3% |
| Trade debts44 | - | €580 | - | €2,457 | €4,134 | ▲ 68.3% |
| Suppliers440/4 | - | - | - | €2,457 | €4,134 | ▲ 68.3% |
| Other amounts payable47/48 | - | - | €17,895 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €605,575 | €708,183 | €811,696 | ▲ 14.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€104,161 | -€76,452 | -€140,299 | -€873,424 | -€802,935 | ▲ 8.1% |
| Operating cash flow (approximation) | -€104,161 | -€76,452 | -€140,299 | -€873,424 | -€802,935 | ▲ 8.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €781,400 | €479,556 | ▼ 38.6% |
| Change in cash | - | - | - | -€4,800 | €7,998 | ▲ 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 €17,895 to €2,457.
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 |
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
3.15%
According to the 2023 annual accounts of SOLFUND and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded30-11-2010
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.