Equity
€10.6m ▲ 9.8%
SOLORA has made a profit in every financial year since 2014.
SOLORA
Lifetime
12 annual accounts with figures on one time axispeak €7.4m (2023)
-not published
peak €4.1m (2023)
€1.4m▼ 49.0%
peak €10.6m (2025)
€10.6m▲ 9.8%
€8.5m▲ 79.6%
peak 45.2 FTE (2025)
45.2 FTE▲ 14.1%
Board6 names since 2016
3 directorsBadia BV and 2 others
Owners
Documentsfilings and deeds
26-06-202635 days before the deadline
2025financial year
Turnover from €26.0m to €15.1mResult from €2.7m to €1.4mStaff from 39.6 FTE to 45.2 FTEPermanent representative: Jan Van Der Haegen 01-12Permanent representative: Jan Van Der Haegen 08-072 directors appointed, 2 resignations 10-02
Key points
from the 2025 annual accountsTurnover
€15.1m ▼ 42.0%
Turnover fell in 2025 from €26.0m to €15.1m.
Debts
€8.5m ▲ 79.6%
Debts rose by €3.8m in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€587,149 3.4 × depreciation
Green is investment, beige is depreciation.
Payment terms
119 days to suppliers
SOLORA pays its suppliers 101 days later than in 2024. Customers pay 45 days later.
Filings
12 annual accounts since 2014
The last five annual accounts were filed 28 to 35 days before the end of the period.
Checked score
94
Excellent
Financially stronger than 53% of small companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.1%▼ -0.1 percentage points vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.1%▼ -0.3 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: turnover €15.1m, 45.2 FTE, total assets €19.8m
Founded in 2014
Equity €10.6m (53.3% of total assets)
Liquidity: current ratio 1.79, cash €2.6m
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 71% of them on solvency, 51% on liquidity, 57% on profitability and 33% on growth.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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, 17,811 companies had the same profile as SOLORA has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of SOLORA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 17,811 companies, not a prediction for SOLORA. 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 €950,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.79 (6.43 in 2024), above the usual 1.5. Short-term debt is 43.1% and cash 13.2% of total assets. 46.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
28 days early
2023
28 days early
2022
30 days early
2021
28 days early
2020
54 days early
2019
46 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 36 days before 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 3 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Appointment: Junction Growth Partners (director)
Permanent representative: Dirk Dewals · General meeting of 28-09-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0547830660
Permanent representative: Jan Van Der Haegen
General meeting of 03-09-2025 · Gazette deed
Permanent representative: Jan Van Der Haegen
Appointment: Finvision Bedrijfsrevisoren (statutory auditor) · General meeting of 06-01-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOLORA Merelbeke-Melle | €15.1m | 11.3% | 53.3% | 45.2 |
| DE KINDER HARDWARE Buggenhout | €19.6m | 1.5% | 63.5% | 39.2 |
| EASYKIT GROUP Rotselaar | €23.7m | -6.8% | 8.8% | 48.5 |
| EXTRA-POWER Beernem | €32.1m | 21.1% | 40.0% | 35.1 |
| Insaver Houthalen-Helchteren | €42.6m | 9.5% | 43.9% | 35.9 |
| Argona - Eco Technics Brecht | €26.3m | 8.2% | 36.0% | 35.5 |
| GREEN ENERGY 4 SEASONS Marche-en-Famenne | €6.5m | 12.1% | 31.4% | 38.9 |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SOLORA: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €15m and €28m, founded between 2007 and 2014.
Official details
Source: KBO- Status
- Active since 11-03-2014Normal situation
- Activity
- General electrical installation workNACE 43211
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.235.358.7639820 Merelbeke-Melle, since 12-03-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Annual accounts 2025
- €19.8m▲ 33.5%
- Employeeson 31-12-2025
- 49▲ 6.5%
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on SOLORA
SOLORA has existed since 2014. The present size dates from 2022. The gross margin rose that year from €1.7m to €4.0m.
Solvency fell in 2025 from 64.8% to 53.3% because of higher debts to suppliers.
Badia 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 SOLORA
- What is the company number of SOLORA?
- The company number of SOLORA is 0547.830.660. The VAT number is the same number with BE in front: BE 0547.830.660.
- Where is SOLORA based?
- The registered office is at Neringsweg 2, 9820 Merelbeke-Melle.Company details
- What does SOLORA do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of SOLORA?
- SOLORA is a private limited company (BV).
- When was SOLORA founded?
- SOLORA was founded on 11-03-2014.
- Is SOLORA still active?
- Yes, SOLORA is an active enterprise in the KBO register.
- How many employees does SOLORA have?
- SOLORA had an average of 45.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SOLORA fall under?
- In its 2024 annual accounts, SOLORA states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of SOLORA?
- The turnover of SOLORA was €15.1m in financial year 2025, according to the filed annual accounts.
- Is SOLORA profitable?
- In financial year 2025, SOLORA made a profit of €1.4m.
- Where can I find the annual accounts of SOLORA?
- SOLORA filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOLORA due?
- SOLORA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
See how customers, suppliers and banks see your own company and what to improve first.