NORMAL SITUATION

Solar Energy Development

Financial year 2021 · closed on 31/12/2021
Net result
10 k €
-37.9% YoY
Revenue
99,1 k €
-1.3% YoY
Equity
19,7 k €
+102.5% YoY
Workforce
1,0 ETP
0.0% YoY

Company — Normal situation.

What does Solar Energy Development do?

Solar Energy Development is a company registered in Belgium. It employs on average 1,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0541.461.819
Legal form
Private limited company
Contributed capital
20 000,00 €
Latest accounts
31/12/2021
Average workforce
1,0 ETP
Joint committees (1)
  • 200
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20212020201920182017201620152014
Income statement
Revenue99,1 k €100,4 k €344 k €288,5 k €360 k €
EBITDA11,8 k €17,8 k €-31,5 k €15 k €14,9 k €84,6 k €-14,6 k €11,6 k €
Operating result11,8 k €17,8 k €-31,5 k €15 k €14,9 k €84,6 k €-14,6 k €10,3 k €
Net result10 k €16,1 k €-31,8 k €10,1 k €9 k €4,2 k €-18,1 k €1,3 k €
Balance sheet
Equity19,7 k €9,7 k €-5,3 k €26,5 k €16,4 k €7,4 k €3,2 k €21,3 k €
Total assets32,8 k €26,1 k €8,8 k €29,1 k €20,5 k €48 k €539,4 k €542,8 k €
Cash7,4 k €27,3 k €18,9 k €6,4 k €20,2 k €7,8 k €
Debts13,1 k €16,4 k €14,2 k €2,6 k €4,1 k €40,6 k €518,8 k €506 k €
Other
Workforce1,0 ETP1,0 ETP1,0 ETP
Governance

Board of directors

Seen on filing of 31/12/2021 · 8 active · 21 ended

Active mandates

Bart VAN DER MEERSCH

Director · since 01 juillet 2022 · until 26 juin 2028

Active
Eddy VANDERSMISSEN

Director · since 01 août 2020 · until 29 août 2025

Active
Caroline STROOBANT

Director · since 29 août 2019 · until 19 octobre 2022

Active
De Steenen Molen

Managing director · since 29 août 2019 · until 29 août 2022 · 0627.961.568

Represented by Guido VERBUNT

Active
Edwin SAMYN

Director · since 29 août 2019 · until 29 août 2025

Active
Frédéric MAYNE

Director · since 29 août 2019 · until 19 octobre 2022

Active
Marc LEMAIRE

Director · since 29 août 2019 · until 29 août 2025

Active
Steven VAN DYCK

Director · since 29 août 2019 · until 19 octobre 2022

Active

Ended mandates

Bart Artois

Director · since 29 août 2019 · until 29 août 2025

Ended
Bart ARTOIS

Director · since 29 août 2019 · until 31 juillet 2020

Ended
Caroline Stroobant

Director · since 29 août 2019 · until 29 août 2025

Ended
Frédéric Mayné

Director · since 29 août 2019 · until 29 août 2025

Ended
Annual accounts

Full financial information

202120202019201820172016
Type of accountFull modelFull modelFull modelAbridged modelAbridged modelFull model
Start of the financial year01/01/202101/01/202001/01/201901/01/201801/01/201701/01/2016
Closing of the financial year31/12/202131/12/202031/12/201931/12/201831/12/201731/12/2016
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/11/202204/08/202123/07/202029/07/201918/07/201820/07/2017
General meeting19/10/202225/06/202126/06/202028/06/201929/06/201830/06/2017
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202119/10/202208/11/2022DutchPDF
Full model31/12/202025/06/202104/08/2021DutchPDF
Full model31/12/201926/06/202023/07/2020DutchPDF
Abridged model31/12/201828/06/201929/07/2019DutchPDF
Abridged model31/12/201729/06/201818/07/2018DutchPDF
Full model31/12/201630/06/201720/07/2017DutchPDF
Full model31/12/201524/06/201625/07/2016DutchPDF
Full model31/12/201430/06/201523/07/2015DutchPDF
Estimate

Indicative valuation

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 31/12/2021 · 8 active · 21 ended

Active mandates

Bart VAN DER MEERSCH

Director · since 01 juillet 2022 · until 26 juin 2028

Active
Eddy VANDERSMISSEN

Director · since 01 août 2020 · until 29 août 2025

Active
Caroline STROOBANT

Director · since 29 août 2019 · until 19 octobre 2022

Active
De Steenen Molen

Managing director · since 29 août 2019 · until 29 août 2022 · 0627.961.568

Represented by Guido VERBUNT

Active
Edwin SAMYN

Director · since 29 août 2019 · until 29 août 2025

Active
Frédéric MAYNE

Director · since 29 août 2019 · until 19 octobre 2022

Active
Marc LEMAIRE

Director · since 29 août 2019 · until 29 août 2025

Active
Steven VAN DYCK

Director · since 29 août 2019 · until 19 octobre 2022

Active

Ended mandates

Bart Artois

Director · since 29 août 2019 · until 29 août 2025

Ended
Bart ARTOIS

Director · since 29 août 2019 · until 31 juillet 2020

Ended
Caroline Stroobant

Director · since 29 août 2019 · until 29 août 2025

Ended
Frédéric Mayné

Director · since 29 août 2019 · until 29 août 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution27/01/2022
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring27/10/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF
  • Mandates05/01/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/01/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other01/10/2019
    BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates23/09/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/03/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/08/2017
    ONTSLAGEN - BENOEMINGEN
    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. 2021
    Annual accounts 202110 k €
  2. 2020
    Annual accounts 202016,1 k €
  3. 2019
    Annual accounts 2019-31,8 k €
  4. 2018
    Annual accounts 201810,1 k €
  5. 2017
    Annual accounts 20179 k €
  6. 2016
    Annual accounts 20164,2 k €
  7. 2015
    Annual accounts 2015-18,1 k €
  8. 2014
    Annual accounts 20141,3 k €