Financials
Financial year 2024
Worth noting
- More debts than assets in the latest financial year.
- A loss two years in a row.
- The team shrank two years in a row.
- Little cash and receivables against the short-term debts.
Gross margin
€ -562,596
▼ 17% vs 2023
Profit
Caution€ -1.1 million
▲ 13% vs 2023
Debts
High€ 3.3 million
▲ 9% vs 2023
Solar Energy Conversion Power Corporation from Turnhout, company number BE0600864421, closed financial year 2024 with a result of € -1.1 million after tax. For that financial year Solar Energy Conversion Power Corporation recorded a gross margin of € -562,596 and equity of € -1.7 million. Compared with financial year 2023, the result moved from € -1.2 million to € -1.1 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 5, 2026.
What happened at Solar Energy Conversion Power Corporation?
What happened at Solar Energy Conversion Power Corporation in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jos Rutten stepped down as director. NBB
- Hugo Vandenborre stepped down as director. NBB
- Julien Nyst stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 1.1 million. filed late Source: NBB ↗
- Jos Rutten became a director. NBB
- Hugo Vandenborre became a director. NBB
- Julien Nyst became a director. NBB
- New establishment in Turnhout. KBO
In short
From € 217,404 profit in 2021 to € 1.1 million loss in 2024.
Paid € 31,334 in corporate taxes since 2021.
Best year ever: 2021, with € 217,404 profit.
On average € 89,400 of value added per employee in 2022.
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History
Every financial year, as far back as the National Bank goes.
Buffer
How long does the company survive without income?
Credit limit
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Management
The shares are held by Hestia Holdings (45%), Giacomini Benelux (22.5%), JORU BV (18.5%), Energiek (10%) and Joris Van Dyck (4%). It owns 100% of Solar Energy Power Conversion GmbH itself.
Directors
According to the 2024 annual accounts
Hugo Vandenborre
Managing director
Also active at: V & V BEHEER, HESTIA HOLDINGS, VANDENBORRE ENERGY SYSTEMS
since 2015 · until 2027
since 2024 · until 2030
since 2015 · until 2027
Shareholders
Participations
Solar Energy Power Conversion GmbH
100%
Establishments
Establishment units
Physical locations of this company
Slachthuisstraat 112 box 2
2300 Turnhout
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
Details
- Company number
- 0600.864.421
- VAT number
- BE 0600.864.421
- Registered office
- Slachthuisstraat 112 bus 2, 2300 Turnhout
- Names & denominations
- Solar Energy Conversion Power Corporation · Solenco Power
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 10 March 2015
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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