ACTIVE

SolarPulse

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Financial year 2025 · closed on 31/12/2025

Net result

367,0 k €

+1393.1% YoY

Gross margin

1,2 M €

+50.4% YoY

Equity

68,2 k €

0.0% YoY

What does SolarPulse do?

SolarPulse is a Public limited company incorporated in 2009. Its main activity is: Production of electricity. Its registered office is in Sint-Martens-Latem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0818.389.889

Incorporation

09/09/2009

Legal form

Public limited company

Registered office

Dorpsstraat 40
9831 Sint-Martens-Latem · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	1,2 M €	+50.4%	823,5 k €	-31.8%	1,2 M €	-5.5%	1,3 M €	+4.5%	1,2 M €	-7.1%	1,3 M €	-3.1%	1,4 M €	+4.2%	1,3 M €	-0.6%	1,3 M €	-3.2%	1,4 M €	+7.0%	1,3 M €	+4.2%	1,2 M €	-7.0%	1,3 M €	-5.6%	1,4 M €	+20.6%	1,1 M €
EBITDA	1,2 M €	+50.5%	822,2 k €	-31.9%	1,2 M €	-5.5%	1,3 M €	+4.5%	1,2 M €	-7.1%	1,3 M €	-3.0%	1,4 M €	+4.1%	1,3 M €	-0.6%	1,3 M €	-3.1%	1,4 M €	+6.9%	1,3 M €	+4.2%	1,2 M €	-7.0%	1,3 M €	-5.6%	1,4 M €	+20.6%	1,1 M €
Operating result	688,9 k €	+152%	273,6 k €	-58.4%	657,9 k €	-9.7%	728,8 k €	+8.2%	673,8 k €	-12.4%	769,1 k €	-5.0%	809,2 k €	+7.0%	756,1 k €	-1.0%	763,5 k €	-5.4%	807,3 k €	+12.2%	719,5 k €	+7.6%	668,6 k €	-12.0%	760,0 k €	-9.3%	837,8 k €	+237%	248,7 k €
Net result	367,0 k €	+1393%	24,6 k €	-91.2%	278,5 k €	-12.6%	318,8 k €	+27.2%	250,7 k €	-5.5%	265,4 k €	-31.0%	384,6 k €	+20.5%	319,1 k €	+4.6%	305,1 k €	-7.4%	329,5 k €	+39.4%	236,4 k €	+49.6%	158,0 k €	-33.1%	236,0 k €	-12.2%	268,8 k €	+182%	-329,3 k €
Balance sheet
Equity	68,2 k €	0.0%	68,2 k €	0.0%	68,2 k €	0.0%	68,2 k €	0.0%	68,2 k €	-0.9%	68,8 k €	+0.6%	68,4 k €	-96.0%	1,7 M €	+1.7%	1,7 M €	-0.6%	1,7 M €	+1.8%	1,7 M €	+16.4%	1,4 M €	-23.5%	1,9 M €	-15.0%	2,2 M €	+13.8%	2,0 M €
Total assets	3,7 M €	-7.2%	4,0 M €	-17.2%	4,8 M €	-9.7%	5,3 M €	-7.1%	5,7 M €	-13.0%	6,5 M €	-8.4%	7,1 M €	-18.4%	8,8 M €	-3.4%	9,1 M €	-6.2%	9,7 M €	-0.1%	9,7 M €	-6.7%	10,4 M €	-0.6%	10,4 M €	-5.2%	11,0 M €	-0.1%	11,0 M €
Cash	1,2 M €	+29.0%	905,8 k €	+79.2%	505,6 k €	-67.1%	1,5 M €	+9.6%	1,4 M €	+27.8%	1,1 M €	-7.1%	1,2 M €	+32.6%	891,3 k €	+42.0%	627,7 k €	-66.7%	1,9 M €	+48.7%	1,3 M €	-12.7%	1,5 M €	+180%	518,8 k €	+6.6%	486,9 k €	+54.6%	314,9 k €
Debts	3,6 M €	-6.8%	3,9 M €	-17.9%	4,7 M €	-9.8%	5,2 M €	-7.1%	5,6 M €	-13.1%	6,5 M €	-8.4%	7,1 M €	+0.7%	7,0 M €	-4.6%	7,4 M €	-7.4%	7,9 M €	-0.2%	8,0 M €	-10.4%	8,9 M €	+4.4%	8,5 M €	-2.9%	8,8 M €	-3.1%	9,1 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 23 ended

Active mandates

Pieter Hensen

Director · since 18 octobre 2021 · until 07 juin 2030

Active

Participatiemaatschappij Vlaanderen

Director · since 23 août 2018 · until 07 juin 2030 · 0455.777.660

Represented by Mortier Tom

Active

Emmanuel Jans

Director · since 28 juin 2011 · until 07 juin 2030

Active

GREENI TOO

Persoon belast met dagelijks bestuur · 0692.705.407

Represented by Emmanuel Jans

Active

Ended mandates

Pieter Hensen

Director · since 18 octobre 2021 · until 07 juin 2024

Ended

Pieter Hensen

Director · since 18 octobre 2021

Ended

Emmanuel Jans

Director · since 02 juin 2018 · until 07 juin 2024

Ended

GREENI TOO

Persoon belast met dagelijks bestuur · since 02 juin 2018 · until 07 juin 2024 · 0692.705.407

Represented by Jans EMMANUEL

Ended

At this address

Other companies at this address

Company	CBE no.
GREENI TOO● Active	0692.705.407
GREENI TREE● Active	0765.672.864
GreenPulse● Active	1021.923.704
Walk the extra mile● Active	0808.321.586

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/07/2026	30/06/2025	20/06/2024	07/07/2023	30/06/2022	13/07/2021
General meeting	05/06/2026	06/06/2025	10/06/2024	30/05/2023	07/06/2022	04/06/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	07/07/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	10/06/2024	20/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/05/2023	07/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	13/07/2021	Dutch	PDF
Abridged model	31/12/2019	02/03/2020	26/03/2020	Dutch	PDF
Abridged model	31/12/2018	30/04/2019	14/05/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	04/07/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	12/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/05/2016	03/05/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	19/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	14/08/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	19/08/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/12/2025 · 4 active · 23 ended

Active mandates

Pieter Hensen

Director · since 18 octobre 2021 · until 07 juin 2030

Active

Participatiemaatschappij Vlaanderen

Director · since 23 août 2018 · until 07 juin 2030 · 0455.777.660

Represented by Mortier Tom

Active

Emmanuel Jans

Director · since 28 juin 2011 · until 07 juin 2030

Active

GREENI TOO

Persoon belast met dagelijks bestuur · 0692.705.407

Represented by Emmanuel Jans

Active

Ended mandates

Pieter Hensen

Director · since 18 octobre 2021 · until 07 juin 2024

Ended

Pieter Hensen

Director · since 18 octobre 2021

Ended

Emmanuel Jans

Director · since 02 juin 2018 · until 07 juin 2024

Ended

GREENI TOO

Persoon belast met dagelijks bestuur · since 02 juin 2018 · until 07 juin 2024 · 0692.705.407

Represented by Jans EMMANUEL

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other14/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/02/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates24/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/07/2018
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/06/2018
KAPITAAL - AANDELEN - 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

2025
Annual accounts 2025367,0 k €↑
2024
Annual accounts 202424,6 k €↓
2023
Annual accounts 2023278,5 k €↓
2022
Annual accounts 2022318,8 k €↑
2021
Annual accounts 2021250,7 k €↓
2019
Annual accounts 2019265,4 k €↓
2018
Annual accounts 2018384,6 k €↑
2017
Annual accounts 2017319,1 k €↑
2016
Annual accounts 2016305,1 k €↓
2015
Annual accounts 2015329,5 k €↑
2014
Annual accounts 2014236,4 k €↑
2013
Annual accounts 2013158,0 k €↓
2012
Annual accounts 2012236,0 k €↓
2011
Annual accounts 2011268,8 k €↑
2010
Annual accounts 2010-329,3 k €
09/09/2009
IncorporationPublic 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

SolarPulse

Overview

What does SolarPulse do?

Trend over 15 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