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SOLTECH

Active
Public limited company·Vervaardiging van elektronische onderdelen· 5 yrs active
Thor Park 8080 ·3600 Genk, Belgium
KBO/BCE: BE 0768.654.526
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age5 yrs
Board5
Staff (FTE)34.1
Connections38
Real estate1 parcel · 1.2 ha

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of SOLTECH is 0.3% (very low). The 2024 annual accounts show equity of €1.39M and a net result of €-1.85M. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 30% of 98 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.3% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

2 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-1.85M-383.7%
Working capital€455k-70.4%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 17-06-2025 with the NBB · fiscal year 2024 · verkort
€-2.00M€-1.50M€-1.00M€-500k€0Operating result 2022: €-319k€-319kNet result 2022: €-334k€-334kOperating result 2023: €-310k€-310kNet result 2023: €-382k€-382kOperating result 2024: €-1.65M€-1.65MNet result 2024: €-1.85M€-1.85M202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 3 fiscal years (±0.2%/year).
€1.20M€1.40M€1.60M€1.80M2025: €1.39M (€1.28M - €1.50M)2026: €1.38M (€1.27M - €1.49M)2027: €1.38M (€1.27M - €1.49M)2022: €1.40M2023: €1.78M2024: €1.39M202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 26 · compared across all schema types (micro, abbreviated and full combined)
Metric This company Sector median Position in the sector
Solvency 12.3% 38.7%
better than 30% of 98 sector peers
Net result €-1.85M €10k
better than 5% of 98 sector peers
Equity €1.39M €43k
better than 93% of 98 sector peers
Gross operating margin €1.61M €38k
better than 95% of 94 sector peers
Staff costs €2.10M €99k
higher than 95% of 49 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P30
2022: P55 · n=602023: P37 · n=882024: P30 · n=982022 2024
Weakening position over 2022-2024 · n=60-98
Net result P5
2022: P7 · n=602023: P8 · n=882024: P5 · n=982022 2024
Stable position over 2022-2024 · n=60-98
Equity P93
2022: P90 · n=602023: P90 · n=882024: P93 · n=982022 2024
Stable position over 2022-2024 · n=60-98
Gross operating margin P95
2022: P95 · n=552023: P95 · n=822024: P95 · n=942022 2024
Stable position over 2022-2024 · n=55-94
Describes the position versus peers, not a forecast.
EBITDA
€-568k
- far below sector median
Net profit
€-1.85M
-383.7% far below sector median
Cash flow
€-763k
-2214.0% far below sector median
Total assets
€11.34M
+22.1% far above sector median
Equity
€1.39M
-22.0% far above sector median
Working capital
€455k
-70.4% far above sector median
Employees (FTE)
34
+135.2% far above sector median
Staff costs
€2.10M
+104.9% far above sector median
Income taxes
€-252k
-23933.1% far below sector median
Debt
€9.95M
+32.6% far above sector median
Debt ≤ 1y
€2.96M
+43.4% far above sector median
Debt > 1y
€4.94M
+54.5% far above sector median
Current ratio
1.15
-33.9% +15% vs sector
Quick ratio
0.92
-32.6% -8% vs sector
Solvency
12.3%
-36.1% +30% vs sector
Debt / equity
7.15
+70.0% -25% vs sector
ROE
-132.7%
-520.2% far below sector median
ROA
-16.3%
-296.1% far below sector median
Interest coverage
-0.90
- far below sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€-568k
Net profit€-1.85M
Cash flow€-763k
Staff costs€2.10M
Income taxes€-252k
Dividends-
Total assets€11.34M
Equity€1.39M
Debt€9.95M
of which ≤ 1y€2.96M
of which > 1y€4.94M
Working capital€455k
Employees (FTE)34.1
Ratios (computed)
2024
Current ratio1.15
Quick ratio0.92
Working capital ratio4.0%
Solvency12.3%
Debt / equity7.15
Long-term debt ratio3.55
Interest coverage-0.90
Gross margin-
Net margin-
ROA-16.3%
ROE-132.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€11.34M
Fixed assets 21/28€7.92M
Intangible fixed assets 21€2.66M
Tangible fixed assets 22/27€4.93M
Financial fixed assets 28€325k
Current assets 29/58€3.41M
Stocks & contracts in progress 3€695k
Amounts receivable within one year 40/41€2.57M
Cash & bank 54/58€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€11.34M
Equity 10/15€1.39M
Contributions / capital 10/11€2.76M
Accumulated profits (losses) 14€-2.56M
Amounts payable 17/49€9.95M
Amounts payable after one year 17€4.94M
Amounts payable within one year 42/48€2.96M
Trade debts payable within one year 44€1.01M
Income statement
Gross operating margin 9900€1.61M
Operating result 9901€-1.65M
Financial income 75€182k
Financial charges 65€630k
Result before taxes 9903€-2.10M
Income taxes 67/77€-252k
Net result for the period 9904€-1.85M
Result to be appropriated 9905€-1.85M
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
22 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

8 directors
Current directors & mandates
  • Peter VAN GEEL
    Director
    State Gazette act 25096194 (29-07-2025)
    Current
    29-07-2025 → present
  • AGC GLASS EUROPELegal entity
    Director· perm. rep.: Daniel D'Hont
    State Gazette act 24140738 (30-09-2024)
    Current
    10-09-2024 → present
  • Martine SERGE
    Director
    State Gazette act 23080067 (21-06-2023)
    Current
    29-11-2022 → present
  • LRM BeheerLegal entity
    Director· perm. rep.: Dries Bauters
    State Gazette act 24140738 (30-09-2024)
    Current
    09-07-2021 → present
    2 events
    • 01-09-2024 Mandate renewed· Director
    • 09-07-2021 Appointed· Director
  • Patrick Van Bortel
    Director
    State Gazette act 21345102 (19-07-2021)
    Current
    09-07-2021 → present
Former directors (3)
  • Martin Serge
    Director
    State Gazette act 24140738 (30-09-2024)
    Former
    - → 10-09-2024
  • MAL olivier
    Director
    State Gazette act 22090922 (28-07-2022)
    Former
    28-07-2022 → 29-11-2022
    2 events
    • 29-11-2022 Resigned· Director
    • 28-07-2022 Appointed· Director
  • Patrick Vanbortel
    Director
    State Gazette act 22090922 (28-07-2022)
    Former
    - → 28-07-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Vervaardiging van elektronische onderdelen(26110)
Legal form Public limited company(014)
Incorporation21-05-2021
StatusActive
Postal code3600

Structure & network

Connections & network

38 connected companies
AGC GLASS EUROPE, Parent company AGAGC GLASSEUROPELRM Beheer, Parent company LBLRM Beheer+33 companies via a shared corporate director +33via a sharedcorporate directorAssociation d'Entreprises Alliance Centre BW, Shared corporate director ADAssociationd'Entrep…re BWIONICS, Shared corporate director IIONICSObjectif Zéro, Shared corporate director OZObjectif ZéroSOLTECH SOLTECH0768.654.526
Group structureShared directorsBundled connections
Group structure
AGC GLASS EUROPE
Parent · 4 subsidiaries · 7 locations
Control→
LRM Beheer
Parent · 34 subsidiaries · 1 location
Control→
Network connections
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CYCLIS BIKE LEASE
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Shared corporate director
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DRONEPORT
Shared corporate director
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Eurofins Amatsigroup
Shared corporate director
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FONTAINE HOLDINGS
Shared corporate director
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Funecare
Shared corporate director
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IMMO ALDEN BIESEN
Shared corporate director
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IONICS
Shared corporate director
→
LIMBURG REGIONAL AIRPORT
Shared corporate director
→
Luzmo
Shared corporate director
→
MACHIELS BUILDING SOLUTIONS
Shared corporate director
→
NEW VISION
Shared corporate director
→
New Vision 22
Shared corporate director
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New Vision Oogkliniek Zuid Antwerpen
Shared corporate director
→
Objectif Zéro
Shared corporate director
→
QOMPIUM
Shared corporate director
→
Raw Stadia Holding
Shared corporate director
→
SOLITHOR
Shared corporate director
→
Tethys CollecThor
Shared corporate director
→
THOR PARK
Shared corporate director
→
TRENDMINER
Shared corporate director
→
UgenTec
Shared corporate director
→
UNO Invest
Shared corporate director
→
ZONNECENTRALE BERINGEN
Shared corporate director
→
ZONNECENTRALE LIMBURG
Shared corporate director
→
ZONNECENTRALE LOMMEL
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Registered office

on the map · from the address register
seat.Municipality exact location from the address register
9 companies at this address See who is registered here

Establishment units

1 location
SOLTECH
Thor Park 8080, 3600 GenkVervaardiging van vlakglas, inclusief gewapend, gekleurd of bedrukt glas
since 20212.317.501.333
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.2 ha
Buildings1
Building footprint4,301 m²
Volume (LiDAR)5,304 m³
Tallest building14.1 m

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71303B1298/00T005 Flanders 1.2 ha 1 · 4,301 m² 14.1 m
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

10 acts
Capital history · 2
24-02-2026
Capital change
07-02-2025
v3.2
Address history · 1
11-09-2023
v3.2
All acts · 10 updated 5 months ago
2026
24-02-2026 Capital increase of €3,087,876.11 to €5,847,876.11 Capital & shares·Herbert HOUBEN
  • €2.760.000 → €5.847.876,11
  • 3 kapitaalbewegingen in deze akte
Notary: Herbert HOUBEN · Genk
2025
29-07-2025 Peter VAN GEEL appointed as director Director changes
  • Peter VAN GEEL, Bestuurder
Summary: v3.2
07-02-2025 Capital increase of €1,560,000 to €2,760,000 Capital & shares
  • €1.200.000 → €2.760.000
Summary: v3.2
2024
17-12-2024 Change in the board of directors Director changes
Summary: v3.2
30-09-2024 1 director appointed, 1 resigning, 1 reappointed Director changes
  • Daniel D'Hont, Bestuurder
  • Martin Serge, Bestuurder
  • Dries Bauters, Bestuurder
Summary: v3.2
2023
11-09-2023 Registered office moved from Tienen to Genk Registered-office change
  • Grijpenlaan 18, 3300 Tienen → Thor Park 8080, 3600 Genk
Summary: v3.2
21-06-2023 1 director appointed, 1 resigning Director changes
  • Martine SERGE, Bestuurder
  • MAL olivier, Bestuurder
Summary: v3.2
2022
28-07-2022 1 director appointed, 1 resigning Director changes
  • Olivier Mal, Bestuurder
  • Patrick Vanbortel, Bestuurder
Summary: v3.2
2021
19-07-2021 2 directors appointed Director changes
  • Roeland Engelen, Bestuurder
  • Patrick Van Bortel, Bestuurder
Summary: v3.2
26-05-2021 Incorporation of a new NV Incorporation
Summary: oprichting

Analysis

Snowflake analysis

financial profile on 5 axes
Health22Profitability0Solvency23Growth32Stability94
34 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 22
Profitability 0
Solvency 23
Growth 32
Stability 94

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Vervaardiging van elektronische onderdelen26110Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren27110Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren27110Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren27110Groothandel in elektrisch materiaal, inclusief installatiemateriaal46643Groothandel in elektrisch materiaal, inclusief installatiemateriaal46693Groothandel in installatiemateriaal voor loodgieterswerk en verwarming46742Groothandel in installatiemateriaal voor loodgieterswerk en verwarming46842Ingenieurs en aanverwante technische adviseurs, exclusief landmeters71121Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts71121Overige technische testen en toetsen71209Overige technische testen en toetsen71209
Primary activity highlighted.
Names & trade names
Legal nameNL SOLTECH
Registered office
Thor Park 8080 bus 1
3600 Genk, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.