What is the address of Systèmes Photovoltaïques Wallons?

The registered office of Systèmes Photovoltaïques Wallons is located at Rue Natalis 2, 4020 Liège.

Is Systèmes Photovoltaïques Wallons still active?

Yes. According to the CBE (29 October 2026) Systèmes Photovoltaïques Wallons is active, legal situation “Normale toestand”, started on 14 February 2013.

Is Systèmes Photovoltaïques Wallons registered on Peppol?

Yes, Systèmes Photovoltaïques Wallons is registered on the Peppol network with ID 0208:0504853524.

What is the enterprise number of Systèmes Photovoltaïques Wallons?

The enterprise number of Systèmes Photovoltaïques Wallons is BE0504853524.

When was Systèmes Photovoltaïques Wallons founded?

Systèmes Photovoltaïques Wallons was founded on 14 February 2013.

Who are the directors of Systèmes Photovoltaïques Wallons?

According to the 2025 annual accounts, the directors of Systèmes Photovoltaïques Wallons are: FLORENT MINGUET, HORIZON CONSTRUCT SA.

Is Systèmes Photovoltaïques Wallons a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 14 February 2013; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did Systèmes Photovoltaïques Wallons make in 2025?

Systèmes Photovoltaïques Wallons posted a profit after taxes of € 1,080,450 in financial year 2025.

What is the revenue of Systèmes Photovoltaïques Wallons?

As a small company, Systèmes Photovoltaïques Wallons is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,946,885.

Systèmes Photovoltaïques Wallons (Public Limited) - Liège

Q: What does Systèmes Photovoltaïques Wallons do?

Systèmes Photovoltaïques Wallons is registered with the CBE as active in: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies. Public Limited, started on 14 February 2013.

Dossier Systèmes Photovoltaïques Wallons, printed on 29 October 2026 from databakkes.be/en/0504853524/systemes-photovoltaiques-wallons. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Busy address KBO

58 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

Systèmes Photovoltaïques Wallons from Liège, company number BE0504853524, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year Systèmes Photovoltaïques Wallons recorded a gross margin of € 1.9 million and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 303,235 to € 1.1 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.

What it is worth Growing

€ 2.3 million

▲ 85% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 1.1 million

▲ 256% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 0

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 1.5 million.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 698,793

▼ 59% vs 2024

€ 202,142 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 4,104

▼ 96% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 307,207

▲ 76% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	-	-	€ 1,690,736 Revenue 2024: € 1,690,736 First fiscal year in the series	-
Gross margin	€ 1,394,903 Gross margin 2022: € 1,394,903 First fiscal year in the series	€ 1,046,380 Gross margin 2023: € 1,046,380 ▼ 25% vs 2022 (€ 1,394,903) Unfavourable step	€ 1,475,094 Gross margin 2024: € 1,475,094 ▲ 41% vs 2023 (€ 1,046,380) Favourable step	€ 1,946,885 Gross margin 2025: € 1,946,885 ▲ 32% vs 2024 (€ 1,475,094) Favourable step	▲ 32%
Profit after taxes	€ 47,745 Profit after taxes 2022: € 47,745 First fiscal year in the series	€ -163,322 Profit after taxes 2023: € -163,322 ▼ € 211,067 vs 2022 (€ 47,745) Unfavourable step	€ 303,235 Profit after taxes 2024: € 303,235 ▲ € 466,557 vs 2023 (€ -163,322) Favourable step	€ 1,080,450 Profit after taxes 2025: € 1,080,450 ▲ 256% vs 2024 (€ 303,235) Favourable step	▲ 256%
Equity	€ 1,127,534 Equity 2022: € 1,127,534 First fiscal year in the series	€ 964,212 Equity 2023: € 964,212 ▼ 14% vs 2022 (€ 1,127,534) Unfavourable step	€ 1,267,447 Equity 2024: € 1,267,447 ▲ 31% vs 2023 (€ 964,212) Favourable step	€ 2,347,898 Equity 2025: € 2,347,898 ▲ 85% vs 2024 (€ 1,267,447) Favourable step	▲ 85%
Total debts	€ 4,648,663 Total debts 2022: € 4,648,663 First fiscal year in the series	€ 3,166,193 Total debts 2023: € 3,166,193 ▼ 32% vs 2022 (€ 4,648,663) Favourable step	€ 1,971,788 Total debts 2024: € 1,971,788 ▼ 38% vs 2023 (€ 3,166,193) Favourable step	€ 1,016,290 Total debts 2025: € 1,016,290 ▼ 48% vs 2024 (€ 1,971,788) Favourable step	▼ 48%
Cash	€ 79,311 Cash 2022: € 79,311 First fiscal year in the series	€ 2,282 Cash 2023: € 2,282 ▼ 97% vs 2022 (€ 79,311) Unfavourable step	€ 0 Cash 2024: € 0 ▼ 100% vs 2023 (€ 2,282) Unfavourable step	€ 0 Cash 2025: € 0 Unchanged (€ 0) Unchanged
Retained profit	€ 327,534 Retained profit 2022: € 327,534 First fiscal year in the series	€ 164,212 Retained profit 2023: € 164,212 ▼ 50% vs 2022 (€ 327,534) Unfavourable step	€ 467,447 Retained profit 2024: € 467,447 ▲ 185% vs 2023 (€ 164,212) Favourable step	€ 1,547,898 Retained profit 2025: € 1,547,898 ▲ 231% vs 2024 (€ 467,447) Favourable step	▲ 231%
Bank debt	€ 4,407,646 Bank debt 2022: € 4,407,646 First fiscal year in the series	€ 2,687,233 Bank debt 2023: € 2,687,233 ▼ 39% vs 2022 (€ 4,407,646) Favourable step	€ 1,697,413 Bank debt 2024: € 1,697,413 ▼ 37% vs 2023 (€ 2,687,233) Favourable step	€ 698,793 Bank debt 2025: € 698,793 ▼ 59% vs 2024 (€ 1,697,413) Favourable step	▼ 59%
Balance sheet total	€ 5,776,197 Balance sheet total 2022: € 5,776,197 First fiscal year in the series	€ 4,130,404 Balance sheet total 2023: € 4,130,404 ▼ 28% vs 2022 (€ 5,776,197) Unchanged	€ 3,239,235 Balance sheet total 2024: € 3,239,235 ▼ 22% vs 2023 (€ 4,130,404) Unchanged	€ 3,364,188 Balance sheet total 2025: € 3,364,188 ▲ 4% vs 2024 (€ 3,239,235) Unchanged	▲ 4%

Key figures of Systèmes Photovoltaïques Wallons, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to Systèmes Photovoltaïques Wallons?

What happened at Systèmes Photovoltaïques Wallons in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 FLORENT MINGUET stepped down as director. NBB
2028 HORIZON CONSTRUCT SA stepped down as director. NBB
Aug 31, 2026 New annual accounts for financial year 2025: profit of € 1.1 million (▲ 256% vs 2024). filed late Source: NBB ↗
2022 FLORENT MINGUET became a director. NBB
2022 HORIZON CONSTRUCT SA became a director. NBB
Feb 14, 2013 Start of the company according to the CBE. KBO

In short

From € 47,745 profit in 2022 to € 1.1 million profit in 2025.

Best year ever: 2025, with € 1.1 million profit.

Original PDFs at the National Bank ↗

Management

Invest Minguet Gestion 100%

The stake of Invest Minguet Gestion comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Systèmes Photovoltaïques Wallons

The shares are held by Invest Minguet Gestion (100%).

Directors

According to the 2025 annual accounts

FLORENT MINGUET

Director

Also active at: ALL THERMIC SOLUTIONS, Invest Minguet Gestion, CHEVALIER, ATHENA HMW, LES VILLAS DE BALMORAL, EVO-Sun, MABOTTE, IMMOPLEIADES +30 more

since 2022 · until 2028

HORIZON CONSTRUCT SA

Director · represented by LAURENT MINGUET

Also active at: ALL THERMIC SOLUTIONS, Invest Minguet Gestion, CHARL, MABOTTE, IMMOPLEIADES, DEMINA, NEXT ENERGY, IMMOCHERA +12 more

since 2022 · until 2028

Shareholders

Invest Minguet Gestion

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Rue Natalis 2

4020 Liège

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 58 companies are registered at this address.

All companies at this address →

ALL THERMIC SOLUTIONS same network

€ 388,558 gross margin · 2025

Invest Minguet Gestion same network

€ 827,890 revenue · 2024

CHEVALIER same network

€ -1,619 gross margin · 2025

SYSTÈMES PHOTOVOLTAÏQUES

€ 25,497 gross margin · 2025

COGESTIM

€ 416,442 gross margin · 2025

+53 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0504.853.524

VAT number

BE 0504.853.524

Registered office

Rue Natalis 2, 4020 Liège

Names & denominations

Systèmes Photovoltaïques Wallons · SPW

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

14 February 2013

Peppol

Active · Active since 16 Sept 2025

Activities · NACE

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

Handel in elektriciteit

Installatie van industriële machines, toestellen en werktuigen

View on CBE Public ↗ Annual accounts (NBB) ↗