Equity
€1.1m from €1.8m in 2023
Equity fell by 41% in 2 years.
SOLTECH
Lifetime
4 annual accounts with figures on one time axispeak €1.6m (2024)
€1.1m▼ 34.6%
lowest -€3.3m (2025)
-€3.3m▼ €1.5m
peak €1.8m (2023)
€1.1m▼ 24.4%
€9.8m▼ 1.2%
peak 34.1 FTE (2024)
31.4 FTE▼ 7.9%
Board14 names since 2021all names
7 directors and 6 others
Owners6 names in the annual accounts
20.9% and 5 others
Documentsfilings and deeds
15-07-202616 days before the deadline
2025abbreviated format
Gross margin from €1.6m to €1.1mLoss of €3.3m1 director appointed 29-07Capital increase of €1,560,000 to €2,760,000 07-02Equity from €1.4m to €1.1mCash from €6,576 to €487,903
Key points
from the 2025 annual accountsLosses
-€5.9m in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Turnover
≈ €1.8m estimated
The abbreviated format states no turnover.
Debts
€9.8m 90% of the balance sheet
Financial debts 66%Suppliers 16%Taxes and wages 3%Other 16%
Of this, €3.5m falls due within a year.
Staff
27 employees on 31-12-2025
In 2025, 14 people joined and 22 left.
Position in the sector
-€3.3m
Lower net result than 95% of companies in computer and electronic products. Sector median €37,536 · 181 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 448 companies had the same profile as SOLTECH has now. Each dot is one company, two years later.
87.3%
were still trading
5.4%
stopped another way
6.5%
went bankrupt
Another 0.9% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 448 companies, not a prediction for SOLTECH. 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Chair
Daily manager,
Director, , since 21-05-2021
Director, , since 21-05-2021
Director, , since 21-05-2021
Director, , since 21-05-2021
- 20.9%equity €521.2m (2025) · 2025 annual accounts of
- 16.67%score equity €841,358 (2025) · 30-06-2025 annual accounts of
- 16.67%equity €31.8m (2025) · 2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0768654526
1 director appointed
(independent director) · Permanent representatives: and · General meeting of 19-05-2025 · Gazette deed
Capital increase of €1,560,000 to €2,760,000
Capital from €1,200,000 to €2,760,000, 1,560,000 new shares · Contributions: (€220,000, 220,000 shares); (€220,000, 220,000 shares); (€220,000, 220,000 shares); and 3 others · Appointment: (director) · General meeting of 06-01-2025 · Gazette deed
Resignation: (director)
Permanent representative: · Director discharge: · General meeting of 29-10-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOLTECH Genk | €10.9m | €1.1m | 9.7% | 31.4 |
| R-CONCEPT Ottignies-Louvain-la-Neuve | €5.0m | €3.1m | 33.3% | 30.9 |
| HIGH TECHNOLOGY SYSTEMS Assembly Hannut | €2.5m | €1.3m | 3.7% | 19.9 |
| Soitec Belgium Hasselt | €12.5m | €3.9m | 68.7% | 12.2 |
| ORKA Kortrijk | €2.3m | €1.0m | 68.2% | 7.5 |
| Dahua Technology Belgium Mechelen | €1.6m | €1.1m | 16.6% | 8.1 |
| MinDCet Leuven | €4.4m | €2.4m | 64.1% | 14 |
These companies have the same main activity as SOLTECH: manufacture of computer, electronic and optical products (NACE 26110). They are comparable in size and age: total assets between €1.6m and €13m, founded between 2010 and 2023.
Official details
Source: KBO- Status
- Active since 21-05-2021Normal situation
- Activity
- Manufacture of computer, electronic and optical productsNACE 26110and 5 others
- Joint committees
- 111Metal, mechanical and electrical engineering
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment unit
- 2.317.501.3333600 Genk, since 21-05-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €10.9m▼ 4.0%
- Employeeson 31-12-2025
- 27▼ 22.9%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Companies linked to SOLTECH
Shareholders
- 16.67%
Insights on SOLTECH
SOLTECH files the abbreviated format. That format states no turnover. The gross margin rose from €702,351 in 2022 to €1.1m in 2025.
The balance sheet grew most from 2023 to 2024 through fixed assets, financed with long-term debt.
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 SOLTECH
- What is the company number of SOLTECH?
- The company number of SOLTECH is 0768.654.526. The VAT number is the same number with BE in front: BE 0768.654.526.
- Where is SOLTECH based?
- The registered office is at Thor Park 8080, 3600 Genk.Company details
- What does SOLTECH do?
- According to the KBO register, the main activity is manufacture of computer, electronic and optical products (NACE 26110).
- What is the legal form of SOLTECH?
- SOLTECH is a public limited company (NV).
- When was SOLTECH founded?
- SOLTECH was founded on 21-05-2021.
- Is SOLTECH still active?
- Yes, SOLTECH is an active enterprise in the KBO register.
- How many employees does SOLTECH have?
- SOLTECH had an average of 31.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SOLTECH fall under?
- In its 2025 annual accounts, SOLTECH states joint committees 111 (Metal, mechanical and electrical engineering) and 209 (White-collar workers in metal manufacturing).
- What is the turnover of SOLTECH?
- The turnover in financial year 2025 is ≈ €1.8m. This figure is estimated from the gross margin of €1.1m and 1,585 comparable companies of the same size. It probably lies between €1.2m and €3.0m. It is a rough estimate.
- Is SOLTECH profitable?
- In financial year 2025, SOLTECH made a loss of €3.3m.
- Where can I find the annual accounts of SOLTECH?
- SOLTECH filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SOLTECH due?
- SOLTECH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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