Equity
€1.1m from €1.8m in 2023
Equity fell by 41% in 2 years.
SOLTECH
Overview
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 directorsLRM Beheer and 6 others
Owners6 names in the annual accounts
20.9%LIMBURGSE RECONVERSIE MAATSCHAPPIJ and 5 others
Documentsfilings and deeds
15-07-202616 days before the deadline
2025financial year
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 accounts state 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 90% of companies in computer and electronic products. Sector median €109,628 · 173 companies.
Net result -80%: other schema
Checked score
53
Fair
Financially stronger than 19% of small companies in computer and electronic products (NACE 26)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 115 companies (NACE 26, small).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.7%▼ -0.1 percentage points vs 12-2024lowest value
02-2025: 0.7%● unchanged vs 01-2025lowest value
03-2025: 0.7%● unchanged vs 02-2025lowest value
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.8%▲ +0.1 percentage points vs 04-2025
06-2025: 0.9%▲ +0.1 percentage points vs 05-2025
07-2025: 2.1%▲ +1.2 percentage points vs 06-2025highest value
08-2025: 2.1%● unchanged vs 07-2025highest value
09-2025: 2.1%● unchanged vs 08-2025highest value
10-2025: 1.1%▼ -1.0 percentage point vs 09-2025
11-2025: 1.2%▲ +0.1 percentage points vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.3%▲ +0.1 percentage points vs 05-2026
07-2026: 1.3%● unchanged vs 06-2026
08-2026: 0.7%▼ -0.6 percentage points vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €3.3m, the second in a row (financial year 2025)
Liquidity: current ratio 1.08, cash €487,903
Equity €1.1m (9.7% of total assets)
lowers risk
Sector: Manufacture of computer, electronic and optical products (NACE 26)
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 26, small). It does better than 15% of them on solvency, 38% on liquidity, 7% on profitability and 17% on growth.
The bankruptcy probability was computed on 06-11-2026 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 low class on 30-06-2025, 0.8% 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, 450 companies had the same profile as SOLTECH has now. Each dot is one company, two years later.
87.1%
were still trading
5.3%
stopped another way
6.4%
went bankrupt
Another 1.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SOLTECH itself is lower: 0.7% within 12 months. It rests on far more data about SOLTECH than the profile alone.
Test of the method
The method was tested on the 497,447 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 450 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
Credit of up to €55,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.08 (1.15 in 2024), below the usual 1.5. Short-term debt is 31.8% and cash 4.5% of total assets. 90.3% 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
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€3.3m
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 172 sector peers (2025).
NBB · sector comparisonPosition among 172 sector peers
Solvency
better than 16%
← weakest
strongest →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
16 days early
2024
44 days early
2023
9 days early
2022
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 25 days before the deadline. In the sector (NACE 26), the median for financial year 2024 was 8 days before the deadline, and 34% 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 7 July (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 1 other
- LIMBURGSE RECONVERSIE MAATSCHAPPIJ 20.9%equity €521.2m (2025) · 2025 annual accounts of LIMBURGSE RECONVERSIE MAATSCHAPPIJ
- H-VEST 16.67%score 84equity €841,358 (2025) · 30-06-2025 annual accounts of H-VEST
- NUHMA DC 16.67%equity €31.8m (2025) · 2025 annual accounts of NUHMA DC
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0768654526
1 director appointed
Peter VAN GEEL (independent director) · Permanent representatives: Ludo KELCHTERMANS and Bastiaan VAN DE KREEKE · 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: OINO (€220,000, 220,000 shares); H-VEST (€220,000, 220,000 shares); QUANTEUS GROUP (€220,000, 220,000 shares); and 3 others · Appointment: V2Hfin BV (director) · General meeting of 06-01-2025 · Gazette deed
Resignation: Agc Glass Europe NV (director)
Permanent representative: Daniel D'Hont · Director discharge: Agc Glass Europe NV · 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
- €1.1m▼ 34.6%
- €3.3m▲ 79.7%
- €1.1m▼ 24.4%
- €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
- V2Hfin16.67%
Insights on SOLTECH
The annual accounts of SOLTECH for financial year 2025 show a net loss of 239% of the equity at the start of that year. The 2025 annual accounts show equity of €1.1m and a net result of -€3.3m.
Equity has been shrinking by about 9.1% per year since 2022. Its solvency ranks better than 16% of 172 sector peers (NACE 26, financial year 2025).
The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
full format, filed on 15-07-2026, 16 days before the deadline€1.1m
▼ 34.6%
-€2.7m
▼ €1.1m
-€3.3m
▼ €1.5m
€275,994
▼ 39.3%
9.7%
▼ 2.6 percentage points
1.08
▼ 0.07
The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.8m. Estimated: probably between €1.2m and €3.0m.
Balance sheet
balance sheet total €10.9m on 31-12-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
9.7%
Higher than 16% of 172 companies in 2025.
1.08
Higher than 18% of 169 companies in 2025.
-30.5%
Higher than 12% of 171 companies in 2025.
SOLTECH
Middle half of the sector
80% of the sector
Full accounts in computer and electronic products (NACE 26)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff
€65,384
Staff costs divided by the average number of full-time equivalents.
-8 people
people who joined
people who left
In 2025, 14 people joined and 22 left. Training hours in 2025: 57.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
10.9m | 11.3m | 9.3m | 3.6m | |
21/28 |
7.1m | 7.9m | 5.7m | 1.3m | |
21 |
2.6m | 2.7m | 1.6m | 324,876 | |
22/27 |
4.2m | 4.9m | 3.7m | 970,332 | |
23 |
2.6m | 3.1m | 2.0m | 156,133 | |
24 |
34,325 | 63,759 | 87,683 | 12,885 | |
25 |
1.5m | 848,806 | 444,451 | 50,451 | |
26 |
107,903 | 128,738 | 103,639 | 3,674 | |
27 |
- | 819,679 | 1.1m | 747,189 | |
28 |
325,000 | 325,000 | 325,000 | - | |
29/58 |
3.7m | 3.4m | 3.6m | 2.3m | |
3 |
661,696 | 695,338 | 789,343 | 242,877 | |
30/36 |
661,696 | 695,338 | 789,343 | 242,877 | |
40/41 |
2.5m | 2.6m | 2.2m | 1.8m | |
40 |
1.6m | 1.2m | 983,757 | 765,101 | |
41 |
935,439 | 1.3m | 1.2m | 1.0m | |
54/58 |
487,903 | 6,576 | 446,169 | 239,469 | |
490/1 |
69,229 | 135,996 | 135,848 | 34,652 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
10.9m | 11.3m | 9.3m | 3.6m | |
10/15 |
1.1m | 1.4m | 1.8m | 1.4m | |
10/11 |
3.0m | 2.8m | 1.2m | 1.2m | |
10 |
3.0m | 2.8m | 1.2m | 1.2m | |
100 |
3.0m | 2.8m | 1.2m | 1.2m | |
12 |
582,487 | 728,212 | 728,212 | - | |
13 |
145,725 | - | - | - | |
133 |
145,725 | - | - | - | |
14 |
-3.0m | -2.6m | -715,932 | -334,401 | |
15 |
352,318 | 463,116 | 570,242 | 531,040 | |
17/49 |
9.8m | 9.9m | 7.5m | 2.2m | |
17 |
5.8m | 4.9m | 3.2m | 723,601 | |
170/4 |
5.8m | 4.9m | 3.2m | 723,601 | |
42/48 |
3.5m | 3.0m | 2.1m | 1.2m | |
42 |
726,116 | 325,308 | 208,509 | 48,564 | |
43 |
639,775 | 1.2m | - | - | |
430/8 |
639,775 | 1.2m | - | - | |
44 |
1.5m | 1.0m | 1.6m | 1.0m | |
440/4 |
1.5m | 1.0m | 1.6m | 1.0m | |
46 |
271,893 | - | - | - | |
45 |
291,196 | 389,778 | 244,902 | 106,215 | |
450/3 |
39,847 | 40,014 | 35,331 | 8,043 | |
454/9 |
251,349 | 349,764 | 209,571 | 98,172 | |
47/48 |
- | 2,687 | 905 | 599 | |
492/3 |
552,800 | 2.0m | 2.2m | 274,902 | |
| Income statement | |||||
76A |
- | - | 0 | 39,000 | |
9900 |
1.1m | 1.6m | 1.2m | 702,351 | |
62 |
2.1m | 2.1m | 1.0m | 724,571 | |
630 |
1.4m | 1.1m | 348,542 | 190,792 | |
640/8 |
292,116 | 9,015 | 9,142 | 105,493 | |
66A |
4,995 | 67,714 | 154,035 | - | |
9901 |
-2.7m | -1.7m | -309,509 | -318,505 | |
75/76B |
125,880 | 182,166 | 124,870 | 85 | |
75 |
125,880 | 182,166 | 124,870 | 85 | |
65/66B |
738,096 | 629,623 | 197,943 | 14,931 | |
65 |
738,096 | 629,623 | 197,943 | 14,931 | |
9903 |
-3.3m | -2.1m | -382,581 | -333,351 | |
67/77 |
-19,267 | -252,432 | -1,050 | 1,050 | |
9904 |
-3.3m | -1.8m | -381,531 | -334,401 | |
9905 |
-3.3m | -1.8m | -381,531 | -334,401 | |
| Appropriation of the result | |||||
9906 |
-5.9m | -2.6m | -715,932 | -334,401 | |
14P |
-2.6m | -715,932 | -334,401 | - | |
791/2 |
2.9m | - | - | - | |
| Social balance sheet | |||||
9087 |
31.4 | 34.1 | 14.5 | 6.9 | |
Hours worked1013 |
47,105 | 53,444 | 26,682 | 19,011 | |
| Document | |||||
The notes to these accounts have 21 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 15-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2022 to 2025, 25 entries, €962,797 awarded, €865,765 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 8 | €5,305 | €262,586 |
| 2024 | 7 | €126,372 | €168,658 |
| 2023 | 5 | €50,300 | €365,061 |
| 2022 | 5 | €780,820 | €69,460 |
European Union 2023 to 2024, 4 entries, €885,618 in total
| Year | Entries | Awarded |
|---|---|---|
| 2024 | 2 | €417,909 |
| 2023 | 2 | €467,709 |
European research 2 projects, €732,397 EU contribution
Projects
- effectIve advaNCements towaRds uptakE of PV integrAted in buildingS & infrastructurEHorizon Europe, participant, 01-10-2023 to 31-03-2028, €467,709, Increase
- Sustainable, High-throughput, Industry-ready, Next-generation technology for European manufacturing leadership in PVHorizon Europe, participant, 01-01-2025 to 31-12-2028, €264,688, SHINE PV
- CLOSER - CIRCULAR RAW MATERIALS FOR EUROPEAN OPEN STRATEGIC AUTONOMY ON CHIPS AND MICROLECTRONICS PRODUCTIONEuropean Regional Development Fund, 01-10-2024 to 30-09-2027, €153,223
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -1.3m | -568,331 | 39,033 | -127,713 | ||
| -1.9m | -763,357 | -32,989 | -143,610 | ||
| 655,553 | 4.4m | 4.1m | 1.5m | ||
| 481,327 | -439,593 | 206,700 | - | ||
| 275,994 | 454,504 | 1.5m | 1.1m | ||
| 9.7% | 12.3% | 19.2% | 38.9% | ||
| 1.08 | 1.15 | 1.75 | 1.92 | ||
| 0.89 | 0.92 | 1.36 | 1.72 | ||
| 9.35 | 7.15 | 4.21 | 1.57 | ||
| -315.7% | -132.7% | -21.4% | -23.9% | ||
| -30.5% | -16.3% | -4.1% | -9.3% | ||
| -1.76 | -0.90 | 0.20 | -8.55 |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 27 | 35 | 23 | 9 |
| full-time | 25 | 32 | 21 | 8 |
| part-time | 2 | 3 | 2 | 1 |
| in full-time equivalents | 26.6 | 33.8 | 22.4 | 8.6 |
| 31.4 | 34.1 | 15.7 | 6.9 | |
| On a permanent contract | 19 | 21 | 22 | 7 |
| Joined | 14 | 35 | 19 | 15 |
| Left | 22 | 23 | 5 | 6 |
| Training hours | 57 | - | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €1.2m | €92,165 |
| Debts guaranteed by Belgian public bodies | - | - | €570,000 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €27,768 | €2.8m | €2.3m | €1.1m |
| Intangible fixed assets | €627,785 | €1.5m | €1.5m | €337,825 |
| Financial fixed assets | - | - | €325,000 | - |
| €1.4m | €1.1m | €348,542 | €190,792 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on SOLTECH
The operating result for 2025 is a loss of €2.7m, larger than the loss of €1.7m in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 87.7% to 90.3%. Equity and debt are lower.
Large changes and their cause
- 2025 Net result -80% on 2024. The accounts now follow the full format, last year the abbreviated format.
Board & ownership
Board
7 directors, 1 in day-to-day management, no change since 2025Chair of the board and independent director
chair of the board appointed by deed of 29-07-2025
independent director since 19-05-2025
term until 18-05-2031
listed in the 2025 annual accounts, filed on 15-07-2026
LRM Beheer NV
Director, permanent representative Roeland Engelen
since 21-05-2021
term without a fixed end
also on the board of 47 other companies
listed in the 2025 annual accounts, filed on 15-07-2026
3 other companies bankruptNUHMA DC BV
Director, permanent representative KELCHTERMANS Ludo Erik
since 21-05-2021
6-year term from 2021
listed in the 2025 annual accounts, filed on 15-07-2026
OINO BVBA
Director and day-to-day manager, permanent representative van de KREEKE Bastiaan
director since 21-05-2021
day-to-day manager appointed by deed of 26-05-2021
6-year term from 2021
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 15-07-2026
Director, permanent representative VANSANTEN Kris Jan Lieven
since 21-05-2021
6-year term from 2021
listed in the 2025 annual accounts, filed on 15-07-2026
SALVA BV
Director, permanent representative HEGGE Marc Adriaan
since 21-05-2021
6-year term from 2021
also on the board of 3 other companies
listed in the 2025 annual accounts, filed on 15-07-2026
Director
since 30-12-2024
term until 29-12-2030
listed in the 2025 annual accounts, filed on 15-07-2026
Permanent representatives 5
VANSANTEN Kris Jan Lieven
Permanent representative, for QUANTEUS GROUP
appointed by deed of 26-05-2021
Mandates through the years
14 names, the dashed line is todayLRM Beheer
Director
Director
NUHMA DC
Director
Director
OINO
Director, Day-to-day manager
Director, Day-to-day manager
QUANTEUS GROUP
Director
Director
SALVA
Director
Director
V2HFIN BV
Director
Director
Peter VAN GEEL
Independent director, Chair of the board
Independent director, Chair of the board
V2Hfin
Director
Director
V2Hfin BV
Director
Director
AGC GLASS EUROPE
Director
Director
Serge Martin
Director
Director
Martine SERGE
Director
Director
Olivier Mal
Director
Director
Patrick Van Bortel
Director
Director
LeadershipBoardEarlierRest of the termend not dated
Mandates as a list
- LRM Beheer
- Director, from 21-05-2021 to date
- NUHMA DC
- Director, from 21-05-2021 to date
- OINO
- Director, from 21-05-2021 to date
- Day-to-day manager, appointed by deed of 26-05-2021, still in office
- QUANTEUS GROUP
- Director, from 21-05-2021 to date
- SALVA
- Director, from 21-05-2021 to date
- V2HFIN BV
- Director, from 30-12-2024 to date
- Peter VAN GEEL
- Independent director, from 19-05-2025 to date
- Chair of the board, appointed by deed of 29-07-2025, still in office
- V2Hfin
- Director, appointed by deed of 07-02-2025, no longer listed in the 2025 annual accounts
- V2Hfin BV
- Director, appointed by deed of 07-02-2025, no longer listed in the 2025 annual accounts
- AGC GLASS EUROPE
- Director, appointed by deed of 30-09-2024, until 29-10-2024
- Serge Martin
- Director, from 29-11-2022 to 30-09-2024
- Martine SERGE
- Director, appointed by deed of 21-06-2023, no longer listed in the 2025 annual accounts
- Olivier Mal
- Director, from 18-05-2022 to 21-06-2023
- Patrick Van Bortel
- Director, appointed by deed of 19-07-2021, until 28-07-2022
Control
Shareholder
Equity €521.2m
Profit €17.8m in 2025 (profit €84,944 in 2024)
20.9%
This company
SOLTECH
Equity €1.1m
Loss €3.3m in 2025
Capital
- Capital
- €3,286,626.11
- Shares
- 2,760,000 in the deed of 07-02-2025
- Source
- deed of 24-02-2026
Owners through the years
as the annual accounts name themOwners as a list
- LIMBURGSE RECONVERSIE MAATSCHAPPIJ
- H-VEST
- NUHMA DC
- V2Hfin
- OINO
- QUANTEUS GROUP
Source: lists of holdings in the owners' accounts
Articles of association
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 07-02-2025 (in Dutch)
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Elke Overdracht van aandelen, overdracht en overgang van aandelen”deed of 07-02-2025 (in Dutch)
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Monday of May at 16:00deed of 19-07-2021 (in Dutch)
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditordeed of 26-05-2021 (in Dutch)
Shareholders
6 ownersOwners 6
- Equity €521.2m Profit of €17.8m in 2025 (profit of €84,944 in 2024)20.9%
- Equity €841,358 Profit of €45,994 in 2025 (profit of €46,355 in 2024) Checked score 8416.67%
-
16.67%
- Equity €7.0m Profit of €40,036 in 2025 (profit of €96,226 in 2024)16.67%
-
10.17%
- Equity €9.6m Loss of €1.1m in 2025 (profit of €783,568 in 2024) Checked score 867.67%
Capital transactions
Shareholders according to the deeds
After 2 capital increases
deed of 24-02-2026 ↗
- NUHMA DC 1,199,633 shares · €1,122,581.90 in kind
- V2HFIN 812,001 shares · €812,001.41 in kind
- LIMBURGSE RECONVERSIE MAATSCHAPPIJ 794,300 shares · €794,300 in kind
- OINO 149,342 shares · €130,204.24 in kind
- H-VEST 285,985 shares · €228,788.55 in kind
After the capital increase
deed of 07-02-2025 ↗
- OINO 220,000 shares · €220,000 in kind
- H-VEST 220,000 shares · €220,000 in kind
- QUANTEUS GROUP 220,000 shares · €220,000 in kind
- NUHMA DC 220,000 shares · €220,000 in kind
- LIMBURGSE RECONVERSIE MAATSCHAPPIJ 220,000 shares · €220,000 in kind
- V2Hfin BV (BE 0760.683.403) 460,000 shares · €460,000 · “deel van converteerbare lening”
At incorporation
deed of 26-05-2021 ↗
- OINO (BE 0889.419.328) 150,000 shares (25%) · €150,000
- H-VEST (BE 0867.806.738) 150,000 shares (25%) · €150,000
- QUANTEUS GROUP (BE 0882.672.878) 150,000 shares (25%) · €150,000
- NUHMA DC (BE 0697.972.606) 150,000 shares (25%) · €150,000
Capital over time
- 24-02-2026 Capital reduction of €2,561,250 · to €3,286,626.11
- 24-02-2026 Capital reduction of €298,784 · to €2,987,842.11
- 24-02-2026 Capital increase of €3,087,876.11 · 3,241,261 new shares · in kind
- 24-02-2026 Capital increase of €3,087,876.11 · to €5,847,876.11 · 3,241,261 new shares · in kind
- 07-02-2025 Capital increase of €1,560,000 · to €2,760,000 · 1,560,000 new shares at €1 per share, 56.5% of the 2,760,000 shares after the increase · in kind
- 19-07-2021 Capital increase of €600,000 · to €1,200,000 · 600,000 new shares, 50% of the 1,200,000 shares after the increase · in cash
- 26-05-2021 Incorporation · €600,000 · 600,000 shares
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck off3 other companies of this director went bankrupt (2025, 2026).
- Hammer-IMS bankruptcy on 15-07-2026Official Gazettemandate 2021 to 2023
- CRE8 bankruptcy on 06-11-2025Official Gazetteappointed in 2021, still in office
- FOx Biosystems bankruptcy on 23-01-2025Official Gazetteappointed in 2024, still in office
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Network & group
No group
SOLTECH has no parent and no holdings in its annual accounts.
The LEI register names no parent.
At the same address
Thor Park 8080, 3600 Genk · 8 other companies| POSETRON
registered office since 03-06-2024 · founded in 2018 |
8.3 FTE (2025) 0699.510.352 |
| BOUW & ENERGIE ADVIES
registered office since 01-02-2017 · founded in 2011 · group STUDIBO HOLDING |
12 FTE (2025) 0840.412.552 |
| HABENU-van de KREEKE BOUW
registered office since 15-05-2015 · founded in 2015 |
9.7 FTE (2025) 0630.677.469 |
| VAN DE KREEKE SPECIALE TECHNIEKEN
registered office since 14-12-2005 · founded in 2005 |
8 FTE (2025) 0877.537.917 |
| NOAK-PV
registered office since 08-09-2025 |
founded in 2025 1027.368.273 |
| T.M. Wegenbouw van de Kreeke - Artem
registered office since 15-12-2023 |
founded in 2023 1002.459.465 |
| T.M. VDK "Paalsteenlaan Lanaken"
registered office since 04-04-2022 |
founded in 2022 0783.883.724 |
| Wegenbouw van de Kreeke
establishment since 01-07-1980 |
founded in 1980 0421.111.147 |
Earlier ties
| IONICS via AGC GLASS EUROPE, at SOLTECH until 2024 · Director · deed of 28-01-2025 founded in 2014 |
14 FTE (2025) |
| Association d'Entreprises Alliance Centre BW via AGC GLASS EUROPE, at SOLTECH until 2024 · Director · deed of 20-09-2022 |
founded in 2015 |
| CHAMBRE DECOMMERCE BELGO-LUXEMBOURGEOISE POUR LA RUSSIE ET LE BELARUS via AGC GLASS EUROPE, at SOLTECH until 2024 · Member of the executive committee · deed of 06-07-2021 |
founded in 2001 |
| Objectif Zéro via AGC GLASS EUROPE, at SOLTECH until 2024 · Director · deed of 01-08-2024 No longer active · founded in 2006 |
2.8 FTE (2024) |
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Immo Soltech
Founded in 2022 · total assets €8.0m (2025) · negative equity
→
BOSKLO
via SALVA · Director (not named in the articles) · deed of 27-08-2020
Founded in 1999 · total assets €2.2m (2025)
→
→
Timeline
Timeline
18 events since 2021Board
Capital
Filings
Financial
Permits
Establishments
Address
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0768654526
Annual accounts 2025 filed NBBfull format · 16 days before the deadline
Power of attorney: A&B AccountantsCapital from €5,847,876.11 to €3,286,626.11 · Capital from €3,286,626.11 to €2,987,842.11 · 3,241,261 new shares · General meeting of 31-12-202516 points ▸
- General meeting, 31-12-2025
- Capital, €2,987,842.11, 6,001,261 shares, mentioned twice in the deed
- Power of attorney, A&B Accountants
- Capital contribution, €53,649.25
- Capital contribution, €76,554.99
- Capital decrease, €2,561,250
- Capital, €3,286,626.11, 3,241,261 shares
- Capital decrease, €298,784
- Capital increase, €3,087,876.11, mentioned twice in the deed
- Capital contribution, €814,375
- Capital contribution, €308,206.90
- Capital contribution, €812,001.41, mentioned twice in the deed
- Capital contribution, €794,300, mentioned twice in the deed
- Capital contribution, €228,788.55, mentioned twice in the deed
- Capital contribution, €130,204.24
- Capital contribution, €1,122,581.90
- The deed holds 8 more points.
2025
Weakest financial year net -€3.3m The net result drops to -€3.3m, the lowest from 2022 to 2025.
1 director appointedPeter VAN GEEL (independent director) · Permanent representatives: Ludo KELCHTERMANS and Bastiaan VAN DE KREEKE · General meeting of 19-05-20255 points ▸
- General meeting, 19-05-2025
- Director appointment, Peter VAN GEEL (independent director)
- Director appointment, Peter VAN GEEL (chair of the board)
- Permanent representative, Ludo KELCHTERMANS
- Permanent representative, Bastiaan VAN DE KREEKE
Annual accounts 2024 filed PDFabbreviated format · 44 days before the deadline
Capital increase of €1,560,000 to €2,760,000Capital from €1,200,000 to €2,760,000, 1,560,000 new shares · Contributions: OINO (€220,000, 220,000 shares); H-VEST (€220,000, 220,000 shares); QUANTEUS GROUP (€220,000, 220,000 shares); and 3 others · Appointment: V2Hfin BV (director) · General meeting of 06-01-202514 points ▸
- Power of attorney, BAYKAL Esra
- Capital contribution, €220,000, mentioned 5 times in the deed
- Capital contribution, €460,000, mentioned twice in the deed
- Capital increase, €1,560,000
- Capital, €2,760,000, 2,760,000 shares
- Power of attorney, Herbert Houben
- General meeting, 06-01-2025
- Director appointment, V2Hfin BV
- Permanent representative, Kenny Peetermans
- General meeting, 30-12-2024
- Capital contribution, €1,560,000
- Capital contribution, €500,000
- Capital contribution, €600,000
- Power of attorney, BAYKAL Esra (medewerkster van notalim)
- The deed holds 9 more points.
2024
Resignation: Agc Glass Europe NV (director)Permanent representative: Daniel D'Hont · Director discharge: Agc Glass Europe NV · General meeting of 29-10-20244 points ▸
- General meeting, 29-10-2024
- Director resignation, Agc Glass Europe NV
- Permanent representative, Daniel D'Hont
- Director discharge, Agc Glass Europe NV, mentioned twice in the deed
1 director appointed, 1 resignationResignation: Martin Serge · Appointment: AGC GLASS EUROPE · Permanent representatives: Daniel D'Hont, Dries Bauters and Roeland Engelen · General meeting of 10-09-20246 points ▸
- General meeting, 10-09-2024
- Director resignation, Martin Serge
- Director appointment, AGC GLASS EUROPE
- Permanent representative, Daniel D'Hont
- Permanent representative, Dries Bauters
- Permanent representative, Roeland Engelen
- The deed holds 1 more point.
Annual accounts 2023 filed PDFabbreviated format · 9 days before the deadline
2023
Registered office moved from Tienen to GenkNew registered office: Thor Park 8080, bus 0001, 3600 Genk · Previous registered office: Grijpenlaan 18, 3300 Tienen · Permanent representatives: Kris VANSANTEN and Bastiaan VAN DE KREEKE · Board meeting of 04-07-20234 points ▸
- Board meeting, 04-07-2023
- Registered-office move, Thor Park 8080, bus 0001, 3600 Genk
- Permanent representative, Kris VANSANTEN
- Permanent representative, Bastiaan VAN DE KREEKE
Annual accounts 2022 filed PDFabbreviated format · 32 days before the deadline
Resignation: MAL olivier (director)Appointment: Martine SERGE (director) · General meeting of 29-11-20223 points ▸
- General meeting, 29-11-2022
- Director resignation, MAL olivier
- Director appointment, Martine SERGE
2022
Environmental permit granted OmgevingsloketBouwen of herbouwen, Een grond gebruiken, aanleggen of inrichten, Het reliëf van de bodem aanmerkelijk wijzigen and 3 more · Genk
Resignation: Patrick Vanbortel (director)Appointment: Olivier Mal (director) · General meeting of 18-05-20223 points ▸
- General meeting, 18-05-2022
- Director resignation, Patrick Vanbortel
- Director appointment, Olivier Mal
- The deed holds 1 more point.
2021
Capital increase of €600,000 to €1,200,000Capital after the increase: €1,200,000, 600,000 new shares · Appointments: LRM Beheer (director) and Patrick Van Bortel (director) · Permanent representative: Roeland Engelen · General meeting of 09-07-20219 points ▸
- General meeting, 09-07-2021
- Capital increase, €600,000
- Capital contribution, €600,000
- Share issue, 600,000, 300,000
- Capital, €1,200,000, 1,200,000 shares
- Director appointment, LRM Beheer
- Permanent representative, Roeland Engelen
- Director appointment, Patrick Van Bortel
- Power of attorney, Herbert HOUBEN
- The deed holds 6 more points.
IncorporationFounding capital of €600,000, 600,000 shares · Founders: OINO, H-VEST, QUANTEUS GROUP and 1 other · Appointments: OINO (day-to-day manager), SALVA, QUANTEUS GROUP and NUHMA DC · published on 26-05-202117 points ▸
- Founder, OINO
- Founder, H-VEST
- Founder, QUANTEUS GROUP
- Founder, NUHMA DC
- Founding capital, €600,000, 600,000 shares
- Capital, €600,000, 600,000 shares
- Registered office clause, Grijpenlaan 18, 3300 Tienen
- Board rule, 4
- Director appointment, OINO
- Permanent representative, van de KREEKE Bastiaan, mentioned twice in the deed
- Director appointment, SALVA
- Permanent representative, HEGGE Marc Adriaan
- Director appointment, QUANTEUS GROUP
- Permanent representative, VANSANTEN Kris Jan Lieven
- Director appointment, NUHMA DC
- Permanent representative, KELCHTERMANS Ludo Erik
- Director appointment, OINO (day-to-day manager)
- The deed holds 5 more points.
First establishment Thor Park 8080, Genk
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
SOLTECH was incorporated on 21 May 2021 as a public limited company by OINO, H-VEST and two other companies, with a starting capital of €600,000.12 Between 2021 and 2026 the capital was increased 3 times, most recently to €5.8m.345 The registered office was moved to Genk in 2023.6 The board currently has 7 members, 5 of whom have served since 2021.7 Total assets rose from €3.6m in 2022 to €10.9m in 2025 and headcount from 6.9 to 31.4 full-time equivalents.8
Company details
Identity
- Enterprise number
- 0768.654.526
- VAT number
- BE 0768.654.526
- Peppol ID
- 0208:0768654526
- LEI code
- 894500PXZM0AKPMT1052 live in the LEI register
- Legal form
- Public limited company
- Status
- Active, normal situation
- Founded
- 21-05-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Monday of May at 16:00deed of 19-07-2021 (in Dutch)
- Website
- www.soltech.be
- Peppol
- Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- SOLTECH in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 07-02-2025 (in Dutch)
Activities
NACEBEL 2025VAT activities
26110
Manufacture of computer, electronic and optical products main activity
46842
Wholesale trade
Social security (RSZ) activities
27110
Manufacture of electrical equipment main activity
Joint committees annual accounts 2025
JC 111
Metal, mechanical and electrical engineering
JC 209
White-collar workers in metal manufacturing
Codes under NACEBEL 2008
VAT activities
27110
Manufacture of electrical equipment main activity
46693
Wholesale trade
46742
Wholesale trade
71121
Engineering activities
71209
Other technical testing and analysis
Social security (RSZ) activities
27110
Manufacture of electrical equipment main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Vervaardiging van elektrische panelen voor het opvangen van zonne-energie; Vervaardiging van borden,panelen,consoles,kasten en dergelijke…”deed of 07-02-2025 (in Dutch)
12 activities
- Vervaardiging van elektrische panelen voor het opvangen van zonne-energie;
- Vervaardiging van borden,panelen,consoles,kasten en dergelijke voor elektrische bediening of voor het verdelen van elektrische stroom;
- Vervaardiging van vlakglas,inclusief gewapend,gekleurd of bedrukt glas,die toegepast worden in bouw,infrastructuur en voertuigen.
- Alle vormen van handel en handelsbemiddeling,import en export van zonnepanelen en warmtepompen en alle mogelijke accessoires en elektrisch en sanitair materiaal;
- Het plaatsen,onderhouden en herstellen van zonnepanelen,warmtepompen en alle mogelijke verwarmings- en koelsystemen en bijhorende installaties;
- Groot- en kleinhandel in installatiemateriaal voor loodgieterswerk en verwarming;
- Detailhandel in sanitaire artikelen en sanitair installatiemateriaal in gespecialiseerde winkels;
- Detailhandel in overige bouwmaterialen in gespecialiseerde winkels;
- Testen en analyseren van materialen,producten,installaties,enzovoort in verband met hun samenstelling,fysische eigenschappen,prestaties en overeenstemming met vooropgestelde normen of lastenkohieren;
- Groot- en kleinhandel en import en export van alle verhandelbare goederen;
- Alle activiteiten van een patrimoniumvennootschap,zodat zij een onroerend vermogen kan aanleggen,oordeelkundig uitbouwen en beheren dat bestaat uit onroerende goederen of zakelijke rechten betreffende onroerende goederen,van welke aard ook,zoals gebouwen,gronden,rechten van vruchtgebruik,opstal en erfpacht,welke zich zowel in België als in het buitenland mogen bevinden;
- Alle activiteiten van een holding- en participatievennootschap,zodat zij een roerend vermogen kan aanleggen,oordeelkundig uitbouwen en beheren dat bestaat uit roerende goederen en rechten,van welke aard ook,zoals aandelen,obligaties,kasbons of andere roerende waarden,onder welke vorm.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Thor Park 8080 registered office 3600 Genk 2311001 Manufacture of other non-metallic mineral products | 21-05-2021 | 2.317.501.333 |
1 former office
- 3300 Tienen until 19-06-2023 · deed of 11-09-2023
Buildings and parcels at the address
- Ground area
- 1.2 ha
- Buildings
- 4,301 m²
- Volume, LiDAR
- 5,304 m³
- Tallest building
- 14.1 m
Buildings to scale, each on its own parcel
Environmental permits
1 application in Flanders since 2022 · 1 granted| 06-09-2022 | Granted | Bouwen of herbouwen; Een grond gebruiken, aanleggen of inrichten; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen; Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning); Ontbossen submitted 30-06-2022 · project 2022077231 | Genk |
Source: Omgevingsloket Vlaanderen.
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71303B1298/00T005 | 1.2 ha | 1 · 4,301 m² | 14.1 m |
Contact
E-mail
info@soltech.be