ACTIVE

Solar-Tec

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Financial year 2025 · closed on 31/03/2025
Net result
80,8 k €
-86.0% YoY
Gross margin
467,2 k €
-63.2% YoY
Equity
1,7 M €
+21.2% YoY
Workforce
6,9 ETP
+7.8% YoY

What does Solar-Tec do?

Solar-Tec is a Private limited company incorporated in 2013. Its main activity is: Electrical installation. Its registered office is in Ieper. It employs on average 6,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0539.863.891
Incorporation
02/10/2013
Legal form
Private limited company
Registered office
Rozendaalstraat 54
8900 Ieper · FlandreSee on map
Contributed capital
23 081,27 €
Latest accounts
31/03/2025
Average workforce
6,9 ETP
Activities (NACE)
43211Electrical installation· main43211Electrical installation46190Agents involved in the sale of a variety of goods46190Agents involved in the sale of a variety of goods28250Manufacture of non-domestic cooling and ventilation equipment28250Manufacture of non-domestic cooling and ventilation equipment+4
Joint committees (2)
  • 14901
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162014
Income statement
Gross margin467,2 k €1,3 M €1,1 M €429,8 k €1,1 M €452,3 k €542,1 k €299,6 k €126,7 k €91,9 k €32,6 k €
EBITDA41,4 k €899,8 k €847,7 k €269,7 k €695,9 k €224 k €345,2 k €154,5 k €101,8 k €66,3 k €20,4 k €
Operating result129,8 k €825,8 k €462,2 k €311,9 k €791,6 k €162,6 k €375,4 k €107,1 k €56 k €29,9 k €-10,7 k €
Net result80,8 k €578,1 k €321 k €237,5 k €563,8 k €103,3 k €326 k €66,2 k €25,1 k €12,1 k €-10,8 k €
Balance sheet
Equity1,7 M €1,4 M €1 M €786 k €688,4 k €264,6 k €201,3 k €125,4 k €59,2 k €64 k €53 k €
Total assets4,3 M €3,6 M €4,5 M €2,1 M €1,8 M €1,4 M €1,4 M €1,2 M €704,2 k €785,4 k €794,5 k €
Cash394,7 k €810,4 k €328,6 k €201,3 k €380,9 k €29,9 k €10,5 k €35,8 k €5,6 k €9,4 k €219 €
Debts2,3 M €1,9 M €3,1 M €1,2 M €910,7 k €953,3 k €1,1 M €966,5 k €601 k €696,1 k €738,6 k €
Other
Workforce6,9 ETP6,4 ETP3,0 ETP3,0 ETP3,7 ETP4,0 ETP2,0 ETP––––
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 3 ended

Active mandates

JARL

Director · since 06 avril 2020 · 0713.896.442

Represented by Joren Verkinderen

Active

Ended mandates

VERKINDEREN ELECTRO

Director · since 06 avril 2020 · 0421.501.622

Ended
Joren Verkinderen

Manager · until 06 avril 2020

Ended
Joren Verkinderen

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/10/202528/10/202410/11/202317/11/202230/11/202130/11/2020
General meeting21/10/202512/10/202409/11/202316/11/202204/09/202105/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202521/10/202531/10/2025DutchPDF
Abridged model31/03/202412/10/202428/10/2024DutchPDF
Abridged model31/03/202309/11/202310/11/2023DutchPDF
Abridged model31/03/202216/11/202217/11/2022DutchPDF
Abridged model31/03/202104/09/202130/11/2021DutchPDF
Abridged model31/03/202005/09/202030/11/2020DutchPDF
Abridged model31/03/201915/09/201930/10/2019DutchPDF
Micro model31/03/201805/09/201831/10/2018DutchPDF
Micro model31/03/201728/12/201703/01/2018DutchPDF
Abridged model31/03/201622/10/201615/11/2016DutchPDF
Abridged model31/03/201405/09/201402/10/2014DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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.

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 3 ended

Active mandates

JARL

Director · since 06 avril 2020 · 0713.896.442

Represented by Joren Verkinderen

Active

Ended mandates

VERKINDEREN ELECTRO

Director · since 06 avril 2020 · 0421.501.622

Ended
Joren Verkinderen

Manager · until 06 avril 2020

Ended
Joren Verkinderen

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates24/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office10/10/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates22/09/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/05/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other04/10/2013
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

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 202580,8 k €↓
  2. 2024
    Annual accounts 2024578,1 k €↑
  3. 2023
    Annual accounts 2023321 k €↑
  4. 2022
    Annual accounts 2022237,5 k €↓
  5. 2021
    Annual accounts 2021563,8 k €↑
  6. 2020
    Annual accounts 2020103,3 k €↓
  7. 2019
    Annual accounts 2019326 k €↑
  8. 2018
    Annual accounts 201866,2 k €↑
  9. 2017
    Annual accounts 201725,1 k €↑
  10. 2016
    Annual accounts 201612,1 k €↑
  11. 2014
    Annual accounts 2014-10,8 k €
  12. 02/10/2013
    IncorporationPrivate limited company