ACTIVE

Solar Power Systems

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Financial year 2025 · closed on 31/08/2025

Net result

17 k €

+57.4% YoY

Gross margin

322,8 k €

-23.7% YoY

Equity

435,8 k €

+4.1% YoY

Workforce

4,1 ETP

-36.9% YoY

What does Solar Power Systems do?

Solar Power Systems is a Private limited company incorporated in 2016. Its main activity is: Electrical installation. Its registered office is in Stabroek. It employs on average 4,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0661.661.546

Incorporation

23/08/2016

Legal form

Private limited company

Registered office

Abtsdreef 143 box A6
2940 Stabroek · FlandreSee on map

Contributed capital

166 666,00 €

Latest accounts

31/08/2025

Average workforce

4,1 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 46643Wholesale of machinery for the textile industry and of sewing and knitting machines 46693Wholesale of other machinery and equipment 46643Wholesale of machinery for the textile industry and of sewing and knitting machines 46693Wholesale of other machinery and equipment+2

Joint committees (3)

149
14901
200

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017
Income statement
Gross margin	322,8 k €	-23.7%	423,3 k €	-50.0%	847,4 k €	+19.2%	710,7 k €	+108%	341,5 k €	+47.4%	231,8 k €	+111%	110,1 k €	-10.6%	123,2 k €	+609%	-24,2 k €
EBITDA	62 k €	+66.4%	37,3 k €	-89.7%	361,3 k €	-3.3%	373,6 k €	+186%	130,8 k €	+25.9%	103,9 k €	+123%	46,6 k €	-13.9%	54,1 k €	+150%	-107,8 k €
Operating result	26,7 k €	+69.5%	15,8 k €	-95.6%	354,6 k €	-3.4%	367 k €	+202%	121,6 k €	+29.0%	94,3 k €	+135%	40,1 k €	-20.6%	50,5 k €	+146%	-109,5 k €
Net result	17 k €	+57.4%	10,8 k €	-96.1%	274,4 k €	+0.8%	272,1 k €	+206%	88,8 k €	+19.8%	74,1 k €	+118%	33,9 k €	-22.4%	43,7 k €	+138%	-115,7 k €
Balance sheet
Equity	435,8 k €	+4.1%	418,8 k €	+2.6%	408 k €	+22.3%	333,6 k €	+27.6%	261,5 k €	+51.4%	172,7 k €	+34.3%	128,6 k €	+35.8%	94,6 k €	+85.8%	50,9 k €
Total assets	519,4 k €	+4.9%	494,9 k €	-45.4%	906,9 k €	-9.4%	1 M €	+176%	362,1 k €	+14.9%	315,1 k €	+51.8%	207,5 k €	+62.9%	127,4 k €	+14.7%	111 k €
Cash	126,6 k €	+53.3%	82,6 k €	-75.2%	332,4 k €	-31.3%	484,1 k €	+269%	131,3 k €	+37.2%	95,7 k €	+404%	19 k €	-67.2%	57,9 k €	+99.6%	29 k €
Debts	83,6 k €	+15.5%	72,4 k €	-85.3%	493,2 k €	-26.1%	667,3 k €	+563%	100,7 k €	-23.0%	130,7 k €	+89.5%	68,9 k €	+143%	28,4 k €	-52.8%	60,1 k €
Other
Workforce	4,1 ETP	-36.9%	6,5 ETP	-18.8%	8,0 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 31/08/2025 · 1 active · 3 ended

Active mandates

AVE VIKO

Director · since 04 juillet 2022 · 0787.990.089

Represented by Luc Martens

Active

Ended mandates

Luc Martens

Director · since 22 août 2016 · until 04 juillet 2022

Ended

Luc Martens

Director · since 22 août 2016

Ended

Luc Martens

Manager · since 22 août 2016

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/09/2024	01/09/2023	01/09/2022	01/09/2021	01/09/2020	01/09/2019
Closing of the financial year	31/08/2025	31/08/2024	31/08/2023	31/08/2022	31/08/2021	31/08/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/03/2026	10/03/2025	26/02/2024	27/02/2023	25/02/2022	24/11/2020
General meeting	06/02/2026	07/02/2025	02/02/2024	03/02/2023	04/02/2022	20/11/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/08/2025	06/02/2026	05/03/2026	Dutch	PDF
Abridged model	31/08/2024	07/02/2025	10/03/2025	Dutch	PDF
Abridged model	31/08/2023	02/02/2024	26/02/2024	Dutch	PDF
Micro model	31/08/2022	03/02/2023	27/02/2023	Dutch	PDF
Micro model	31/08/2021	04/02/2022	25/02/2022	Dutch	PDF
Micro model	31/08/2020	20/11/2020	24/11/2020	Dutch	PDF
Micro model	31/08/2019	07/02/2020	19/03/2020	Dutch	PDF
Micro model	31/08/2018	03/12/2018	10/12/2018	Dutch	PDF
Micro model	31/08/2017	02/02/2018	06/03/2018	Dutch	PDF

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 31/08/2025 · 1 active · 3 ended

Active mandates

AVE VIKO

Director · since 04 juillet 2022 · 0787.990.089

Represented by Luc Martens

Active

Ended mandates

Luc Martens

Director · since 22 août 2016 · until 04 juillet 2022

Ended

Luc Martens

Director · since 22 août 2016

Ended

Luc Martens

Manager · since 22 août 2016

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office26/10/2023
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Mandates15/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/03/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/10/2017
MAATSCHAPPELIJKE ZETEL
PDF
Other25/08/2016
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

2025
Annual accounts 202517 k €↑
2024
Annual accounts 202410,8 k €↓
2023
Annual accounts 2023274,4 k €↑
2022
Annual accounts 2022272,1 k €↑
2021
Annual accounts 202188,8 k €↑
2020
Annual accounts 202074,1 k €↑
2019
Annual accounts 201933,9 k €↓
2018
Annual accounts 201843,7 k €↑
2017
Annual accounts 2017-115,7 k €
23/08/2016
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Solar Power Systems

Overview

What does Solar Power Systems do?

Trend over 9 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline