OPENING OF BANKRUPTCY

BELGIAN SOLAR

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Financial year 2022 · closed on 31/12/2022

Net result

-2 M €

-2556.3% YoY

Gross margin

-584,6 k €

-146.8% YoY

Equity

-1,9 M €

-4589.6% YoY

Workforce

17,7 ETP

-9.7% YoY

Company — Opening of bankruptcy.

What does BELGIAN SOLAR do?

BELGIAN SOLAR is a Public limited company incorporated in 2010. Its main activity is: Electrical installation. Its registered office is in Herentals. It employs on average 17,7 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0826.915.991

Incorporation

24/06/2010

Legal form

Public limited company

Registered office

Noordervaart(HRT) 25
2200 Herentals · FlandreSee on map

Contributed capital

269 500,00 €

Latest accounts

31/12/2022

Average workforce

17,7 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 43410Specialised construction activities 43910Roofing activities

Joint committees (2)

14901
200

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	-584,6 k €	-147%	1,2 M €	+128%	547,9 k €	+511%	89,7 k €	+8024%	-1,1 k €	-103%	33 k €	+43.9%	22,9 k €	-87.0%	176,7 k €	+185%	62,1 k €	-70.3%	208,9 k €	-35.1%	321,8 k €
EBITDA	-1,7 M €	-10038%	17,4 k €	-59.8%	43,4 k €	+126%	19,2 k €	+1336%	-1,6 k €	-105%	31,9 k €	+139%	-81,9 k €	-162%	-31,3 k €	+82.9%	-183,2 k €	-3370%	5,6 k €	-96.1%	145 k €
Operating result	-1,8 M €	-3178%	-55,4 k €	-387%	19,3 k €	+65.9%	11,6 k €	+848%	-1,6 k €	-105%	31,9 k €	+135%	-92,2 k €	-88.6%	-48,9 k €	+75.7%	-201,6 k €	-1356%	-13,8 k €	-112%	117,7 k €
Net result	-2 M €	-2556%	-73,4 k €	-798%	10,5 k €	+14.0%	9,2 k €	+462%	-2,6 k €	-200%	2,5 k €	+103%	-98,6 k €	-80.4%	-54,6 k €	+73.0%	-202,1 k €	-128030%	158 €	-99.8%	93,4 k €
Balance sheet
Equity	-1,9 M €	-4590%	42,5 k €	+54.8%	27,5 k €	+62.2%	16,9 k €	+108%	-199,3 k €	-1.3%	-196,7 k €	+1.3%	-199,3 k €	-97.9%	-100,7 k €	-119%	-46,1 k €	-130%	156 k €	+0.1%	155,9 k €
Total assets	2,1 M €	+36.9%	1,5 M €	+224%	464 k €	+112%	219,2 k €	+1588%	13 k €	-36.9%	20,6 k €	-80.5%	105,5 k €	-60.6%	267,4 k €	+37.8%	194,1 k €	-68.6%	617,3 k €	-38.5%	1 M €
Cash	11,7 k €	+111%	5,6 k €	-85.9%	39,5 k €	-20.2%	49,5 k €	+286%	12,8 k €	-30.1%	18,3 k €	-35.4%	28,4 k €	-41.5%	48,5 k €	+37.1%	35,4 k €	-88.3%	302,4 k €	-52.3%	634,4 k €
Debts	4 M €	+172%	1,5 M €	+233%	436,5 k €	+116%	202,3 k €	-4.7%	212,3 k €	-2.3%	217,4 k €	-28.7%	304,7 k €	-17.2%	368,1 k €	+56.5%	235,2 k €	-49.0%	461,3 k €	-45.6%	848,3 k €
Other
Workforce	17,7 ETP	-9.7%	19,6 ETP		–		–		–		–		1,4 ETP	-53.3%	3,0 ETP	-21.1%	3,8 ETP	+2.7%	3,7 ETP	+42.3%	2,6 ETP

Governance

Board of directors

Seen on filing of 31/12/2022 · 1 active · 9 ended

Active mandates

Wim Dirickx

Director

Active

Ended mandates

Navitas Solaris Comm.V

Director · since 12 juillet 2018 · 0699.804.619

Represented by Jurgen Bogaerts

Ended

Wim Dirickx

Director · since 12 juillet 2018

Ended

DE BACKER

Director · since 13 juin 2016 · until 13 juin 2022 · 0430.404.935

Represented by Theo De Backer

Ended

DE BACKER

Director · since 13 juin 2016 · until 13 juin 2022 · 0430.404.935

Represented by Theo De Backer

Ended

At this address

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Wim Baekelandt● Active	0475.826.273

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/07/2023	31/08/2022	14/07/2021	09/06/2020	26/03/2019	25/07/2018
General meeting	12/06/2023	13/06/2022	14/06/2021	08/06/2020	15/03/2019	11/06/2018
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2022	12/06/2023	28/07/2023	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	14/07/2021	Dutch	PDF
Micro model	31/12/2019	08/06/2020	09/06/2020	Dutch	PDF
Micro model	31/12/2018	15/03/2019	26/03/2019	Dutch	PDF
Micro model	31/12/2017	11/06/2018	25/07/2018	Dutch	PDF
Micro model	31/12/2016	12/06/2017	29/06/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	15/07/2016	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	09/06/2014	08/07/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	15/07/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	26/06/2012	Dutch	PDF

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 31/12/2022 · 1 active · 9 ended

Active mandates

Wim Dirickx

Director

Active

Ended mandates

Navitas Solaris Comm.V

Director · since 12 juillet 2018 · 0699.804.619

Represented by Jurgen Bogaerts

Ended

Wim Dirickx

Director · since 12 juillet 2018

Ended

DE BACKER

Director · since 13 juin 2016 · until 13 juin 2022 · 0430.404.935

Represented by Theo De Backer

Ended

DE BACKER

Director · since 13 juin 2016 · until 13 juin 2022 · 0430.404.935

Represented by Theo De Backer

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office15/06/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates23/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/11/2019
KAPITAAL - AANDELEN
PDF
Registered office12/03/2019
MAATSCHAPPELIJKE ZETEL
PDF
Registered office09/08/2018
BENAMING - MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/11/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other28/06/2010
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

2022
Annual accounts 2022-2 M €↓
2021
Annual accounts 2021-73,4 k €↓
2019
Annual accounts 201910,5 k €↑
2018
Annual accounts 20189,2 k €↑
2017
Annual accounts 2017-2,6 k €↓
2017
Name changeBelgian Solar
2016
Annual accounts 20162,5 k €↑
2015
Annual accounts 2015-98,6 k €↓
2014
Annual accounts 2014-54,6 k €↑
2013
Annual accounts 2013-202,1 k €↓
2012
Annual accounts 2012158 €↓
2011
Annual accounts 201193,4 k €
2011
Name changeBELERGY
24/06/2010
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

BELGIAN SOLAR

Overview

What does BELGIAN SOLAR do?

Trend over 11 financial years

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