ACTIVE

SolarPulse III

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Financial year 2025 · closed on 31/12/2025

Net result

258,5 k €

+41.9% YoY

Gross margin

753,5 k €

+12.7% YoY

Equity

541,4 k €

0.0% YoY

What does SolarPulse III do?

SolarPulse III is a Public limited company incorporated in 2010. Its main activity is: Production of electricity. Its registered office is in Turnhout.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0825.492.566

Incorporation

29/04/2010

Legal form

Public limited company

Registered office

Harmoniestraat 52 box 24
2300 Turnhout · FlandreSee on map

Contributed capital

280 510,60 €

Latest accounts

31/12/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity

Signals

ProfitableLow riskPositive cashflowPositive EBITDA

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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	753,5 k €	+12.7%	668,7 k €	-22.0%	856,8 k €	-25.2%	1,1 M €	+46.5%	781,9 k €	-5.2%	824,7 k €	-4.0%	859,1 k €	+8.8%	789,6 k €	-1.4%	801,1 k €	-4.5%	839 k €	+5.3%	797,1 k €	-0.1%	798,1 k €	+3.3%	772,9 k €	+8.7%	711,2 k €	+11239%	-6,4 k €
EBITDA	741,7 k €	+12.9%	657,3 k €	-22.2%	844,7 k €	-21.1%	1,1 M €	+38.7%	772 k €	-5.3%	815,2 k €	-4.1%	849,8 k €	+8.9%	780,3 k €	-1.5%	792 k €	-4.6%	829,9 k €	+5.3%	787,9 k €	-0.1%	789 k €	+3.5%	762,6 k €	+7.6%	708,5 k €	+10625%	-6,7 k €
Operating result	414,4 k €	+25.6%	330 k €	-36.2%	517,4 k €	-30.4%	743,8 k €	+67.2%	444,7 k €	-8.8%	487,9 k €	-6.6%	522,5 k €	+15.3%	453 k €	-2.5%	464,7 k €	-7.5%	502,6 k €	+9.1%	460,6 k €	-0.2%	461,8 k €	+6.1%	435,3 k €	+13.5%	383,6 k €	+225%	-305,7 k €
Net result	258,5 k €	+41.9%	182,2 k €	-42.8%	318,7 k €	-30.2%	456,3 k €	+100%	227,8 k €	+3.8%	219,4 k €	-6.1%	233,6 k €	-5.6%	247,4 k €	+0.3%	246,5 k €	-4.6%	258,3 k €	+33.3%	193,7 k €	+13.5%	170,7 k €	+176%	61,8 k €	-48.3%	119,6 k €	+136%	-333,1 k €
Balance sheet
Equity	541,4 k €	0.0%	541,4 k €	0.0%	541,4 k €	-5.5%	572,7 k €	-33.9%	866,4 k €	+35.7%	638,6 k €	-11.2%	719 k €	-18.8%	885,4 k €	+38.8%	638,1 k €	-3.5%	661,5 k €	+9.7%	603,2 k €	+0.6%	599,4 k €	+39.8%	428,7 k €	+16.8%	367 k €	+48.3%	247,4 k €
Total assets	2,1 M €	-13.7%	2,4 M €	-18.9%	3 M €	-22.7%	3,8 M €	+4.5%	3,7 M €	-18.8%	4,5 M €	-9.7%	5 M €	-0.9%	5 M €	-6.0%	5,4 M €	-3.6%	5,6 M €	-5.8%	5,9 M €	-5.6%	6,3 M €	-1.1%	6,3 M €	-2.9%	6,5 M €	-2.0%	6,7 M €
Cash	635 k €	+3.7%	612,4 k €	-29.0%	862,1 k €	-39.8%	1,4 M €	+60.4%	893,7 k €	-17.1%	1,1 M €	-14.0%	1,3 M €	+34.4%	932,8 k €	-2.6%	957,8 k €	+12.7%	850,1 k €	-1.1%	859,5 k €	-4.2%	896,7 k €	+42.4%	629,8 k €	+70.3%	369,9 k €	-16.8%	444,5 k €
Debts	1,5 M €	-17.7%	1,8 M €	-23.1%	2,4 M €	-24.4%	3,2 M €	+14.5%	2,8 M €	-27.8%	3,8 M €	-9.6%	4,2 M €	+3.0%	4,1 M €	-12.1%	4,7 M €	-3.6%	4,8 M €	-7.6%	5,2 M €	-4.4%	5,5 M €	-4.0%	5,7 M €	-4.1%	5,9 M €	-6.8%	6,4 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 · 37 ended

Active mandates

SolarAccess

Director · since 27 juin 2023 · until 04 mai 2029 · 0882.759.386

Represented by van Schoor Daniël

Active

GT & Co

Director · since 27 octobre 2022 · until 04 mai 2029 · 0832.433.907

Represented by Vandermarliere Guido

Active

Serge Vermeersch

Director · since 27 octobre 2022 · until 04 mai 2029

Active

SolarAccess Investments BV

Director · since 27 octobre 2022 · until 04 mai 2029 · 0825.492.863

Represented by van Schoor Franciscus

Active

Ended mandates

SolarAccess

Director · since 27 juin 2023 · until 04 mai 2029 · 0882.759.386

Represented by van SCHOOR DANIËL

Ended

GT & Co

Director · since 27 octobre 2022 · until 27 octobre 2028 · 0832.433.907

Represented by Guido Vandermarliere

Ended

GT & Co

Director · since 27 octobre 2022 · until 04 mai 2029 · 0832.433.907

Represented by Vandermarliere GUIDO

Ended

GT & Co

Director · since 27 octobre 2022 · until 27 octobre 2028 · 0832.433.907

Represented by Guido VANDERMARLIERE

Ended

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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	01/05/2026	17/06/2025	19/07/2024	18/07/2023	28/07/2022	24/06/2021
General meeting	01/05/2026	02/05/2025	30/06/2024	27/06/2023	30/06/2022	23/04/2021
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	01/05/2026	01/05/2026	Dutch	PDF
Abridged model	31/12/2024	02/05/2025	17/06/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	19/07/2024	Dutch	PDF
Abridged model	31/12/2022	27/06/2023	18/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	23/04/2021	24/06/2021	Dutch	PDF
Abridged model	31/12/2019	26/05/2020	17/06/2020	Dutch	PDF
Abridged model	31/12/2018	03/05/2019	03/06/2019	Dutch	PDF
Abridged model	31/12/2017	14/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	09/06/2017	Dutch	PDF
Abridged model	31/12/2015	07/05/2016	31/05/2016	Dutch	PDF
Abridged model	31/12/2014	06/05/2015	07/05/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	19/08/2014	Dutch	PDF
Abridged model	31/12/2012	27/03/2013	19/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/04/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	24/08/2011	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 · 37 ended

Active mandates

SolarAccess

Director · since 27 juin 2023 · until 04 mai 2029 · 0882.759.386

Represented by van Schoor Daniël

Active

GT & Co

Director · since 27 octobre 2022 · until 04 mai 2029 · 0832.433.907

Represented by Vandermarliere Guido

Active

Serge Vermeersch

Director · since 27 octobre 2022 · until 04 mai 2029

Active

SolarAccess Investments BV

Director · since 27 octobre 2022 · until 04 mai 2029 · 0825.492.863

Represented by van Schoor Franciscus

Active

Ended mandates

SolarAccess

Director · since 27 juin 2023 · until 04 mai 2029 · 0882.759.386

Represented by van SCHOOR DANIËL

Ended

GT & Co

Director · since 27 octobre 2022 · until 27 octobre 2028 · 0832.433.907

Represented by Guido Vandermarliere

Ended

GT & Co

Director · since 27 octobre 2022 · until 04 mai 2029 · 0832.433.907

Represented by Vandermarliere GUIDO

Ended

GT & Co

Director · since 27 octobre 2022 · until 27 octobre 2028 · 0832.433.907

Represented by Guido VANDERMARLIERE

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/11/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/08/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates10/08/2016
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 2025258,5 k €↑
2024
Annual accounts 2024182,2 k €↓
2023
Annual accounts 2023318,7 k €↓
2022
Annual accounts 2022456,3 k €↑
2021
Annual accounts 2021227,8 k €↑
2019
Annual accounts 2019219,4 k €↓
2018
Annual accounts 2018233,6 k €↓
2017
Annual accounts 2017247,4 k €↑
2016
Annual accounts 2016246,5 k €↓
2015
Annual accounts 2015258,3 k €↑
2014
Annual accounts 2014193,7 k €↑
2013
Annual accounts 2013170,7 k €↑
2012
Annual accounts 201261,8 k €↓
2011
Annual accounts 2011119,6 k €↑
2010
Annual accounts 2010-333,1 k €
29/04/2010
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 III

Overview

What does SolarPulse III 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