ACTIVE

SYSTÈMES PHOTOVOLTAÏQUES

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Financial year 2025 · Closed on 31/12/2025

Net result154,1 k €-6,2 %over 1 year
Gross margin25,5 k €-56,6 %over 1 year
Equity2,6 M €+6,2 %over 1 year

Identity

Source · BCE/KBO

SYSTÈMES PHOTOVOLTAÏQUES is a Public limited company incorporated in 2012. Its main activity is: Other specialised construction activities n.e.c.. Its registered office is in Liège.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0501.951.046
Incorporation
13/12/2012
Legal form
Public limited company
Registered office
Rue Natalis 2
4020 Liège · WallonieSee on map
Contributed capital
500 340,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 13 filings

Trend over 13 financial years

20252024202320222021
Income statement
Gross margin25,5 k €58,7 k €445,7 k €1,2 M €1,1 M €
EBITDA24,3 k €57,5 k €444,6 k €1,2 M €1,1 M €
Operating result-32,4 k €788,9 €240,4 k €599,5 k €446,5 k €
Net result154,1 k €164,2 k €302 k €559 k €436,9 k €
Balance sheet
Equity2,6 M €2,5 M €2,3 M €2,5 M €2,2 M €
Total assets3,6 M €3,3 M €3,1 M €3,5 M €3,7 M €
Cash46,6 k €62,4 k €406,9 k €488,4 k €347,8 k €
Debts423,2 k €424,9 k €549,4 k €615,7 k €1,2 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 6 ended

Active mandates

JEHAN DELACROIX

Director · since 08 octobre 2024 · until 08 octobre 2030

Active
LAURENT MINGUET

Managing director · since 07 mai 2024 · until 06 mai 2030

Active

Ended mandates

EMMANUEL BERRYER

Director · since 07 mai 2018 · until 07 mai 2024

Ended
LAURENT MINGUET

Managing director · since 07 mai 2018 · until 07 mai 2024

Ended
EMMANUEL BERRYER

Director · since 13 décembre 2012 · until 13 décembre 2018

Ended
EMMANUEL BERRYER

Managing director · since 13 décembre 2012 · until 13 décembre 2018

Ended

Other companies at this address

Rue Natalis 2 4020 Liège
CompanyCBE no.
ALL THERMIC SOLUTIONS● Active
0467.107.458
AMAY IMMO● Active
0758.519.016
ANNET INVEST● Active
0896.180.327
Association de didacticiens en Sciences● Active
0647.657.617
ATHENA HMW● Active
0507.742.837
AYE CONSTRUCT● Active
0774.326.254
AYE IMMO● Active
0772.775.541
BC INVEST● Active
0675.658.151
B.D.L.H.● Active
0879.898.777
CAMPAGNE DES MONTS IMMO● Active
0772.775.343
CENTRE D'AFFAIRES NATALIS● Active
0847.129.803
Centre Médical Athena● Active
0740.546.795
CHEVALIER● Active
0473.940.020
COGESTIM● Active
0506.972.973
DEMINA● Active
0668.438.876
ENERGY2BUSINESS● Bankrupt
0631.747.340
EVO-Sun● Active
0541.474.388
FLERON CONSTRUCT● Active
0669.639.993
FLERON IMMO● Active
0873.726.609
FLY WIN● Active
0542.515.258

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/08/202621/08/202529/08/202425/08/202318/08/202202/07/2021
General meeting30/06/202630/06/202506/05/202402/05/202331/05/202225/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202628/08/2026FrenchPDF
Abridged model31/12/202430/06/202521/08/2025FrenchPDF
Abridged model31/12/202306/05/202429/08/2024FrenchPDF
Abridged model31/12/202202/05/202325/08/2023FrenchPDF
Abridged model31/12/202131/05/202218/08/2022FrenchPDF
Abridged model31/12/202025/05/202102/07/2021FrenchPDF
Abridged model31/12/201904/05/202010/07/2020FrenchPDF
Abridged model31/12/201806/05/201906/08/2019FrenchPDF
Abridged model31/12/201707/05/201830/07/2018FrenchPDF
Abridged model31/12/201602/05/201726/07/2017FrenchPDF
Abridged model31/12/201502/05/201602/08/2016FrenchPDF
Abridged model31/12/201404/05/201529/07/2015FrenchPDF
Abridged model31/12/201305/05/201431/07/2014FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 6 ended

Active mandates

JEHAN DELACROIX

Director · since 08 octobre 2024 · until 08 octobre 2030

Active
LAURENT MINGUET

Managing director · since 07 mai 2024 · until 06 mai 2030

Active

Ended mandates

EMMANUEL BERRYER

Director · since 07 mai 2018 · until 07 mai 2024

Ended
LAURENT MINGUET

Managing director · since 07 mai 2018 · until 07 mai 2024

Ended
EMMANUEL BERRYER

Director · since 13 décembre 2012 · until 13 décembre 2018

Ended
EMMANUEL BERRYER

Managing director · since 13 décembre 2012 · until 13 décembre 2018

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/12/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/08/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares20/09/2013
    CAPITAL, ACTIONS
    PDF
  • Other17/12/2012
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025154,1 k €↓
  2. 2024
    Annual accounts 2024164,2 k €↓
  3. 2024
    Name changeSPV
  4. 2023
    Annual accounts 2023302 k €↓
  5. 2022
    Annual accounts 2022559 k €↑
  6. 2021
    Annual accounts 2021436,9 k €↑
  7. 2021
    Name changeSYSTEMES PHOTOVOLTAIQUES
  8. 2020
    Annual accounts 2020336,3 k €↑
  9. 2019
    Annual accounts 2019321,3 k €↑
  10. 2018
    Annual accounts 2018314,1 k €↑
  11. 2017
    Annual accounts 2017228,5 k €↓
  12. 2016
    Annual accounts 2016310,6 k €↑
  13. 2015
    Annual accounts 2015303,6 k €↑
  14. 2014
    Annual accounts 2014240,9 k €↑
  15. 2013
    Annual accounts 201381,5 k €
  16. 13/12/2012
    IncorporationPublic limited company