ACTIVE

Belga Solar

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Financial year 2024 · closed on 31/12/2024
Net result
-470,3 k €
-195.7% YoY
Gross margin
874 k €
-63.2% YoY
Equity
1,9 M €
+32.0% YoY
Workforce
20,8 ETP
-11.1% YoY

What does Belga Solar do?

Belga Solar is a Private limited company incorporated in 2012. Its main activity is: Electrical installation. Its registered office is in Somme-Leuze. It employs on average 20,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0844.255.138
Incorporation
02/03/2012
Legal form
Private limited company
Registered office
Zone d'activités Nord, Bail. 89
5377 Somme-Leuze · WallonieSee on map
Contributed capital
1 268 600,00 €
Latest accounts
31/12/2024
Average workforce
20,8 ETP
Activities (NACE)
43211Electrical installation· main43211Electrical installation43240Electrical, plumbing and other construction installation activities43299Other construction installation
Joint committees (4)
  • 124
  • 14901
  • 200
  • 218
Contacts
5 public details availableLog in to view
Signals
Solid equityLow riskGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2024202320222021202020192018201720162015201420132012
Income statement
Gross margin874 k €2,4 M €1,7 M €1,1 M €1,4 M €1,1 M €964,8 k €764,5 k €385,1 k €133,6 k €72,4 k €174,7 k €387,4 k €
EBITDA-264,7 k €1,1 M €716,3 k €362,6 k €859,4 k €612 k €555,9 k €392,1 k €257,7 k €94,9 k €42,6 k €157,3 k €387,2 k €
Operating result-728,9 k €690,7 k €343 k €41,4 k €643,7 k €367,9 k €397,5 k €246,9 k €153,3 k €21,4 k €-12,2 k €106 k €306,2 k €
Net result-470,3 k €491,3 k €322 k €49,1 k €589,4 k €273,5 k €282,3 k €146,6 k €104,8 k €1,2 k €9,9 k €74,9 k €200 k €
Balance sheet
Equity1,9 M €1,4 M €942,5 k €1,7 M €1,7 M €987 k €721,9 k €497,8 k €559,5 k €348,5 k €349,9 k €342,6 k €218,6 k €
Total assets5,1 M €5,1 M €7,4 M €3,8 M €3,6 M €2,4 M €1,7 M €1,8 M €1,6 M €1,5 M €690,3 k €634,8 k €561,2 k €
Cash219,1 k €262,5 k €410,8 k €120,1 k €110,2 k €324,9 k €138,1 k €209,4 k €158,2 k €61,5 k €66,8 k €214,3 k €50,2 k €
Debts3,2 M €3,7 M €6,5 M €2,1 M €1,9 M €1,4 M €957,9 k €1,3 M €1 M €1,2 M €300 k €250,7 k €342,5 k €
Other
Workforce20,8 ETP23,4 ETP–16,6 ETP13,2 ETP12,7 ETP10,1 ETP–5,0 ETP1,3 ETP0,8 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 9 ended

Active mandates

FAMO

Director · since 06 décembre 2024 · 0811.804.084

Represented by Axel Moorkens

Active
SPARAXIS

Director · since 06 décembre 2024 · 0452.116.307

Represented by Sylviane Bilgischer

Active
FALCON MANAGEMENT Sarl

Director · 0783.678.341

Represented by Frédéric Conrads

Active
SMAX

Director · 0734.845.868

Represented by Sébastien Mahieu

Active

Ended mandates

ERIC FRANSSEN

Administrator - manager

Ended
ERIC FRANSSEN

Manager

Ended
ERIC FRANSSEN

Associate

Ended
FALCON MANAGEMENT Sarl

Director

Represented by Frédéric CONRADS

Ended
At this address

Other companies at this address

CompanyCBE no.
COSOLAR● Active
0784.352.787
Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/07/202504/03/202405/07/202311/03/202208/07/202130/06/2020
General meeting30/06/202522/02/202430/06/202317/02/202230/06/202130/06/2020
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202430/06/202502/07/2025FrenchPDF
Abridged model31/12/202322/02/202404/03/2024FrenchPDF
Abridged model31/12/202230/06/202305/07/2023FrenchPDF
Abridged model31/12/202117/02/202211/03/2022FrenchPDF
Abridged model31/12/202030/06/202108/07/2021FrenchPDF
Abridged model31/12/201930/06/202030/06/2020FrenchPDF
Abridged model31/12/201821/03/201903/05/2019FrenchPDF
Abridged model31/12/201730/06/201826/07/2018FrenchPDF
Abridged model31/12/201630/06/201709/08/2017FrenchPDF
Abridged model31/12/201530/06/201619/07/2016FrenchPDF
Abridged model31/12/201430/06/201520/07/2015FrenchPDF
Abridged model31/12/201330/06/201422/07/2014FrenchPDF
Abridged model31/12/201230/06/201303/07/2013FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2024 · 4 active · 9 ended

Active mandates

FAMO

Director · since 06 décembre 2024 · 0811.804.084

Represented by Axel Moorkens

Active
SPARAXIS

Director · since 06 décembre 2024 · 0452.116.307

Represented by Sylviane Bilgischer

Active
FALCON MANAGEMENT Sarl

Director · 0783.678.341

Represented by Frédéric Conrads

Active
SMAX

Director · 0734.845.868

Represented by Sébastien Mahieu

Active

Ended mandates

ERIC FRANSSEN

Administrator - manager

Ended
ERIC FRANSSEN

Manager

Ended
ERIC FRANSSEN

Associate

Ended
FALCON MANAGEMENT Sarl

Director

Represented by Frédéric CONRADS

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other13/05/2026
    DIVERS
    PDF
  • Other23/12/2025
    ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates16/12/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/12/2024
    DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Other06/12/2023
    OBJET
    PDF
  • Mandates05/09/2023
    DENOMINATION - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/06/2022
    MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/03/2018
    DENOMINATION
    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. 2024
    Annual accounts 2024-470,3 k €↓
  2. 2023
    Annual accounts 2023491,3 k €↑
  3. 2023
    Name changeBELGA SOLAR
  4. 2022
    Annual accounts 2022322 k €↑
  5. 2021
    Annual accounts 202149,1 k €↓
  6. 2020
    Annual accounts 2020589,4 k €↑
  7. 2019
    Annual accounts 2019273,5 k €↓
  8. 2018
    Annual accounts 2018282,3 k €↑
  9. 2017
    Annual accounts 2017146,6 k €↑
  10. 2017
    Name changeEVOCELLS
  11. 2016
    Annual accounts 2016104,8 k €↑
  12. 2015
    Annual accounts 20151,2 k €↓
  13. 2014
    Annual accounts 20149,9 k €↓
  14. 2013
    Annual accounts 201374,9 k €↓
  15. 2012
    Annual accounts 2012200 k €
  16. 02/03/2012
    IncorporationPrivate limited company
  17. 2012
    Name changeFINALE 24 CONDROZ