SOLTECCO
ActiveSummary
The computed 12-month bankruptcy probability of SOLTECCO is 1.6% (moderate). The 2025 annual accounts show equity of €62,397 and a net result of -€21,738. Equity has been growing by about 24% per year since 2019. Its solvency ranks better than 38% of 34,954 sector peers (NACE 43, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-10-2018 Normal situation
- Activity
- Other building finishing work NACE 43350and 3 others
- Joint committee
- 149.01 Paritair Subcomité voor de elektriciens: installatie en distributie · annual accounts 2022
- Establishment unit
- 2.283.230.441 9420 Erpe-Mere, since 23-10-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 19-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.6%
- Gross margin
- €9,672
- ▼ 88.2%
- Turnover
- ≈ €97,000
- estimated
- Loss
- €21,738
- Equity
- €62,397
- ▼ 25.8%
- Total assets
- €171,688
- ▼ 21.3%
- Staff
- ≈ 0 FTE
- estimated
Score breakdownraises riskLoss of €21,738 (financial year 2025)Sector: Specialised construction activities (NACE 43)Liquidity: current ratio 1.32, cash €5,649, halvedlowers riskSize: total assets €171,688Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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, micro). It does better than 38% of them on solvency, 27% on liquidity, 14% on profitability and 16% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 25 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)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 13-07-2026 at the NBB all 7 filings
Every figure per financial year
The operating result for 2025 is a loss of €18,350, after a profit of €58,578 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2022 |
|---|---|
| Average over the year, in full-time equivalents | 1 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €13,852 | €5,528 | €21,158 | €100,791 | €5,427 |
| Depreciation and write-downs of the year | €11,810 | €11,531 | €12,966 | €21,164 | €25,745 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €78 awarded · €78 paid| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0 | €2,355 | €0 | €60 | €572 | ▲ 853% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,113 | €8,159 | €11,810 | €11,531 | €12,966 | €21,164 | €25,745 | ▲ 21.6% |
| Other operating charges640/8 | - | - | €1,418 | €2,276 | €1,735 | €2,161 | €1,706 | ▼ 21.1% |
| Non-recurring operating charges66A | - | - | €674 | €0 | - | - | - | - |
| Gross operating margin9900 | €18,373 | €27,181 | €18,860 | €19,211 | €32,166 | €81,963 | €9,672 | ▼ 88.2% |
| Operating profit (loss)9901 | €7,204 | €13,854 | €4,957 | €3,049 | €17,465 | €58,578 | -€18,350 | - |
| Financial income75/76B | - | - | €0 | €181 | €2 | €72 | €1 | ▼ 98.5% |
| Recurring financial income75 | - | €111 | €0 | €181 | €2 | €72 | €1 | ▼ 98.5% |
| Financial charges65/66B | - | - | €307 | €733 | €534 | €2,715 | €3,388 | ▲ 24.8% |
| Recurring financial charges65 | €36 | €171 | €307 | €733 | €534 | €2,715 | €3,388 | ▲ 24.8% |
| Profit (loss) for the period before taxes9903 | €7,090 | €13,793 | €4,650 | €2,496 | €16,932 | €55,935 | -€21,738 | - |
| Income taxes67/77 | €1,550 | €5,062 | €1,424 | €1,400 | €4,839 | €14,887 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €5,540 | €8,732 | €3,226 | €1,096 | €12,093 | €41,047 | -€21,738 | - |
| Profit (loss) for the period to be appropriated9905 | €5,540 | €8,732 | €3,226 | €1,096 | €12,093 | €41,047 | -€21,738 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €71,006 | €77,801 | €85,499 | €76,893 | €98,739 | €218,243 | €171,688 | ▼ 21.3% |
| Fixed assets21/28 | €19,031 | €29,599 | €31,640 | €25,637 | €33,830 | €113,457 | €93,139 | ▼ 17.9% |
| Tangible fixed assets22/27 | €19,031 | €29,599 | €31,640 | €25,637 | €33,830 | €113,457 | €93,139 | ▼ 17.9% |
| Land and buildings22 | - | - | €8,218 | €7,295 | €6,372 | €5,450 | €4,527 | ▼ 16.9% |
| Plant, machinery and equipment23 | - | - | €6,989 | €6,185 | €12,499 | €9,722 | €7,401 | ▼ 23.9% |
| Furniture and vehicles24 | - | - | €16,434 | €12,157 | €14,959 | €98,285 | €81,211 | ▼ 17.4% |
| Current assets29/58 | €51,975 | €48,202 | €53,858 | €51,256 | €64,909 | €104,786 | €78,549 | ▼ 25.0% |
| Amounts receivable within one year40/41 | €47,167 | €38,349 | €18,841 | €43,289 | €55,985 | €33,554 | €67,879 | ▲ 102% |
| Trade receivables40 | - | - | €14,460 | €37,784 | €45,990 | €25,366 | €54,502 | ▲ 115% |
| Other amounts receivable41 | - | - | €4,381 | €5,505 | €9,995 | €8,189 | €13,376 | ▲ 63.4% |
| Cash at bank and in hand54/58 | €990 | €7,123 | €31,136 | €2,757 | €2,617 | €66,043 | €5,649 | ▼ 91.4% |
| Deferred charges and accrued income490/1 | - | - | €3,881 | €5,210 | €6,306 | €5,189 | €5,022 | ▼ 3.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €71,006 | €77,801 | €85,499 | €76,893 | €98,739 | €218,243 | €171,688 | ▼ 21.3% |
| Equity10/15 | €17,940 | €26,671 | €29,897 | €30,994 | €43,087 | €84,134 | €62,397 | ▼ 25.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | €5,540 | €14,271 | €17,497 | €18,594 | €30,687 | €71,734 | €49,997 | ▼ 30.3% |
| Amounts payable17/49 | €53,066 | €51,130 | €55,601 | €45,899 | €55,651 | €134,109 | €109,291 | ▼ 18.5% |
| Amounts payable after more than one year17 | - | - | - | - | - | €63,012 | €49,713 | ▼ 21.1% |
| Financial debts170/4 | - | - | - | - | - | €63,012 | €49,713 | ▼ 21.1% |
| Amounts payable within one year42/48 | €53,066 | €51,130 | €55,601 | €45,899 | €55,651 | €71,097 | €59,579 | ▼ 16.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €12,772 | €13,299 | ▲ 4.1% |
| Financial debts43 | - | - | €18,000 | €8,000 | €8,000 | €3,000 | €0 | ▼ 100% |
| Other loans439 | - | - | €18,000 | €8,000 | €8,000 | €3,000 | €0 | ▼ 100% |
| Trade debts44 | €40,594 | €13,255 | €24,559 | €28,959 | €39,190 | €34,397 | €32,010 | ▼ 6.9% |
| Suppliers440/4 | - | - | €24,559 | €28,959 | €39,190 | €34,397 | €32,010 | ▼ 6.9% |
| Advances received on contracts in progress46 | - | - | - | - | - | €15,000 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €6,424 | €2,968 | €4,780 | €3,188 | €3,561 | ▲ 11.7% |
| Taxes450/3 | - | - | €6,424 | €2,968 | €4,780 | €3,188 | €3,561 | ▲ 11.7% |
| Other amounts payable47/48 | - | - | €6,618 | €5,972 | €3,681 | €2,739 | €10,708 | ▲ 291% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,540 | €8,732 | €3,226 | €1,096 | €12,093 | €41,047 | -€21,738 | - |
| + Depreciation and write-downs630 | €8,113 | €8,159 | €11,810 | €11,531 | €12,966 | €21,164 | €25,745 | ▲ 21.6% |
| Operating cash flow (approximation) | €13,653 | €16,890 | €15,036 | €12,628 | €25,059 | €62,212 | €4,007 | ▼ 93.6% |
| Investment in fixed assets (approximation) | - | -€18,726 | -€13,852 | -€5,528 | -€21,158 | -€100,791 | -€5,427 | ▲ 94.6% |
| Change in cash | - | €6,133 | €24,013 | -€28,380 | -€139 | €63,426 | -€60,394 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,591 companies had the same profile as SOLTECCO has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOLTECCO itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,446 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 3,591 companies, not a prediction for SOLTECCO. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 13-07-2026 | 2026-00286520 | |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00259048 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00386363 | |
| 31-12-2022 | micro format | 25-09-2023 | 2023-00458485 | |
| 31-12-2021 | micro format | 11-08-2022 | 2022-20286855 | |
| 31-12-2020 | micro format | 24-09-2021 | 2021-68400347 | |
| 31-12-2019 | micro format | 30-09-2020 | 2020-58000466 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 08-01-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Demir Öner |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, één of meer bestuurders”
Articles of association, deed of 08-01-2024 (in Dutch)
Network & group
SOLTECCO shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of SOLTECCO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
08-01
Gazette deed
Resignation: Demir Öner (manager)Reappointment: Demir Öner (director) · Amendment of the articles · Capital conversion9 points ▸
- General meeting, 13-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Power of attorney
- Director resignation, Demir Öner (manager)
- Director reappointment, Demir Öner (director (not named in the articles))
- Other provision, “beroepsverbod, niet voorwerp van procedure waardoor beroepsverbod door rechtbank” (deed in Dutch)
- Director discharge, Demir Öner
- Registered office clause, “9420 Erpe-Mere Bloemenstraat 8” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
25 activities
- Alle elektrotechnische installatiewerken zowel aan gebouwen als andere;
- Isolatiewerkzaamheden in de ruimste zin;
- Installaties van stores en zonneschermen;
- Installatie van lichtreclames en uithangborden;
- Andere installaties (inclusief accessoires);
- Installatie van liften en roltrappen;
- Installatie van antennes en bliksemafleiders;
- Uitvoeren van horizontale boringen voor leggen van kabels en kanalisaties;
- Grondverzet:graven,ophogen,egaliseren en nivelleren van bouwterreinen,graven van sleuven en geulen;
- Aanleg van telecommunicatielijnen en netten;
- Andere algemene bouwinstallaties;
- Overige werkzaamheden in verband met de afwerking van gebouwen (bv.reinigen van gebouwen na werkzaamheden);
- Alle activiteiten m.b.t.oprichten,afwerken,verbouwen en afwerken van gebouwen;
- Alle activiteiten m.b.t.verwarming,ventilatie,koeling en airconditioning;
- Alle activiteiten m.b.t.isolatie,kunststof dakbedekking (bijvoorbeeld EPDM);
- Alle activiteiten m.b.t.sanitair;
- Rioleringswerken;
- Watervoorziening en leggen van allerhande leidingen;
- Niet-elektrische verkeerstekens langs verbindingswegen,allerhande,niet-elektrische veiligheidsinrichtingen,afsluitingen en schermen;
- Bitumineuze verhardingen en bestrijkingen;
- Leggen van sterkstroom- en telecommunicatiekabels in sleuven;
- Horizontale doorpersingen van buizen voor kabels en leidingen;
- Het uitbouwen en het beheer van een roerend en onroerend vermogen onder andere door alle verrichtingen met betrekking tot onroerende en roerende goederen,zakelijke rechten op deze goederen,het in huur nemen en verhuren van deze goederen,…;
- De vennootschap kan alle handels- en nijverheidsdaden stellen,alle roerende en onroerende verrichtingen realiseren,alle financiële transacties uitvoeren,zowel voor eigen rekening als voor rekening van derden,die van aard zijn om de verwezenlijking van haar voorwerp rechtstreeks of onrechtstreeks te bevorderen,zowel in België als in het buitenland;
- De vennootschap mag met alle middelen samenwerken met of deelnemen aan alle ondernemingen of vennootschappen in België of in het buitenland die eenzelfde,gelijkaardig of aanverwant voorwerp nastreven,of die van aard zijn het voorwerp te bevorderen.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0712.504.392
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41015B0890/00R000 | Flanders | 830 m² | 1 · 369 m² | 7.6 m · 1 |