SOLARBUILD
InactiveInactive; last annual accounts for fiscal year 2021.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 27-06-2022, 34 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2021
34 d early
2020
26 d early
2019
108 d early
2018
47 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€21.45M▲ 23.7%
2020 · €17.35M
2018: €1.24M
2019: €7.92M
2020: €17.35M
2018 → 2021
Total assets
€25.33M▲ 28.7%
2020 · €19.68M
2018: €1.99M
2019: €9.19M
2020: €19.68M
2018 → 2021
Net result
€4.10M▼ 56.5%
2020 · €9.43M
2018: €1.23M
2019: €6.68M
2020: €9.43M
2018 → 2021
Working capital
€23.13M▲ 45.6%
2020 · €15.89M
2018: €1.08M
2019: €7.35M
2020: €15.89M
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€1.24M-€7.92M▲ 537%€17.35M▲ 119%€21.45M▲ 23.7%
Operating result€1.32M-€6.97M▲ 429%€9.63M▲ 38.1%€4.24M▼ 56.0%
Net result€1.23M-€6.68M▲ 445%€9.43M▲ 41.1%€4.10M▼ 56.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 56% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €25.33M
Fixed assets
€1.61M ▼ 15.9%
Current assets
€23.72M ▲ 33.5%
Equity and liabilities €25.33M
Equity
€21.45M ▲ 23.7%
Debt
€3.88M ▲ 66.5%
Debt's share of the balance-sheet total rises from 11.8% to 15.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4.68M▼
2020 · €9.77M
Cash flow
€4.55M▼
2020 · €9.57M
Current ratio
40.42▲
2020 · 9.49
Debt to equity
0.18▲
2020 · 0.03
ROE
19.1%▼
2020 · 54.3%
ROA
16.2%▼
2020 · 47.9%
Interest coverage
29.36
Debt ≤ 1 year
€587k▼
2020 · €1.87M
Debt > 1 year
€3.29M▲
2020 · €491k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 55 lines
Balance sheet
Code20202021
Assets
Total assets20/58€19.68M€25.33M▲
Formation expenses20€0-
Fixed assets21/28€1.92M€1.61M▼
Intangible fixed assets21€1.51M€1.25M▼
Tangible fixed assets22/27€436k€337k▼
Plant, machinery and equipment23-€336k
Furniture and vehicles24-€2k
Financial fixed assets28€22k€28k▲
Current assets29/58€17.76M€23.72M▲
Amounts receivable after more than one year29-€15.18M
Other amounts receivable291-€15.18M
Stocks and contracts in progress3€0-
Amounts receivable within one year40/41€4.66M€8.53M▲
Trade receivables40-€8.12M
Other amounts receivable41-€404k
Current investments50/53€0-
Cash at bank and in hand54/58€94k€16k▼
Equity and liabilities
Total equity and liabilities10/49€19.68M€25.33M▲
Equity10/15€17.35M€21.45M▲
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Reserves13€17.33M€21.43M▲
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Distributable reserves133-€21.43M
Profit (loss) carried forward14€0-
Amounts payable17/49€2.33M€3.88M▲
Amounts payable after more than one year17€491k€3.29M▲
Financial debts170/4-€3.29M
Amounts payable within one year42/48€1.87M€587k▼
Current portion of amounts payable after more than one year42-€45k
Trade debts44€1.47M€348k▼
Suppliers440/4-€348k
Taxes, remuneration and social security45-€94k
Taxes450/3-€91k
Remuneration and social security454/9-€3k
Other amounts payable47/48-€100k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€142k€442k▲
Other operating charges640/8-€11k
Gross operating margin9900€9.77M€4.69M▼
Operating profit (loss)9901€9.63M€4.24M▼
Financial income75/76B-€27k
Recurring financial income75€69k€24k▼
Non-recurring financial income76B-€2k
Financial charges65/66B-€159k
Recurring financial charges65€14k€159k▲
Profit (loss) for the period before taxes9903€9.68M€4.10M▼
Income taxes67/77€290k-
Profit (loss) for the period9904€9.43M€4.10M▼
Profit (loss) for the period to be appropriated9905€9.43M€4.10M▼
Appropriation of the result
Profit (loss) to be appropriated9906-€4.10M
Transfer to equity691/2-€4.10M
To other reserves6921-€4.10M
Return on contributions (dividend)694€0-
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
22-04
State Gazette act
General meeting · Board meeting
Merger · Dissolution · Filip Dewagtere
17-02
State Gazette act
Board meeting · Merger
Corporate purpose · Capital
2021
31-12
Financial
Liquidity quadruplescurrent ratio 40.42
Current ratio from 9.49 to 40.42; short-term debt falls from €1.87M to €587k.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €9.43M ▲41.1%
Operating result €9.63M, net result €9.43M, both a record.
31-12
Financial
Equity above €10MEq €17.35M ▲119%
3 profitable years in a row build equity to €17.35M.
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity triplescurrent ratio 10.46
Current ratio from 3.69 to 10.46.
31-12
Financial
Equity above €5MEq €7.92M ▲537%
2 profitable years in a row build equity to €7.92M.
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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About the unread acts
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:EnergyVision