Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 23.2 to 7.4.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
Svea Solar Belgium from Aartselaar, company number BE0686897382, closed financial year 2025 with a result of € -1.1 million after tax. For that financial year Svea Solar Belgium recorded a gross margin of € -38,807 and equity of € -2.9 million. Compared with financial year 2024, the result moved from € -1 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 August 19, 2026.
€ -2.9 million
▼ € 1.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▼ 9 % more loss than in 2024
Profit after tax over the fiscal year.
€ 152,942
▲ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.9 million.
People and assets in 2025
7.4
▼ 15.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▼ 41% vs 2024
€ 138,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 849,989
Loans from banks and other lenders, long and short.
€ 112,360
▼ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 54,785
▼ 80% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,231,124 | € 2,018,376 | € -1,163,628 | € -38,807 | ▲ € 1.1 million |
| Profit after taxes | € 213,943 | € 159,650 | € -1,026,665 | € -1,119,925 | ▼ € 93,260 |
| Equity | € -883,765 | € -724,115 | € -1,750,780 | € -2,870,705 | ▼ € 1.1 million |
| Total debts | € 2,655,690 | € 2,110,039 | € 2,455,974 | € 3,332,331 | ▲ 36% |
| Cash | € 467,228 | € 317,707 | € 120,696 | € 152,942 | ▲ 27% |
| Retained profit | € -902,315 | € -742,665 | € -1,769,330 | € -2,889,255 | ▼ € 1.1 million |
| Bank debt | € 0 | € 0 | € 0 | € 849,989 | |
| Balance sheet total | € 1,771,925 | € 1,406,645 | € 727,564 | € 486,427 | ▼ 33% |
| Employees (FTE) | 14.8 | 23.2 | 22.7 | 7.4 | ▼ 15.3 |
Key figures of Svea Solar Belgium, 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 Svea Solar Belgium?
What happened at Svea Solar Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.1 million. filed late Source: NBB ↗
- Taner Karacan became a director. NBB
- Christian Brunhøj stepped down as director. NBB
- New establishment in Aartselaar. KBO
- Christian Brunhøj became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 213,943 profit in 2022 to € 1.1 million loss in 2025.
Paid € 8,219 in corporate taxes since 2022.
Best year ever: 2022, with € 213,943 profit.
On average € 87,000 of value added per employee in 2023.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Svea Solar Belgium is Taner Karacan.
Directors
According to the 2025 annual accounts
Taner Karacan
Director
since 2026
Christian Brunhøj
Director
since 2023 · until 2026
Establishments
Establishment units
Physical locations of this company
Mastboomstraat 12/2
2630 Aartselaar
Mastboomstraat 12
2630 Aartselaar
Active since 2 January 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AMAZON-02 - Amazon.com, Inc., US
DNS
AWS Route 53
Website info
Features
Security
Network
Details
- Company number
- 0686.897.382
- VAT number
- BE 0686.897.382
- Registered office
- Mastboomstraat 12/2, 2630 Aartselaar
- Names & denominations
- Svea Solar Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 2017
- Peppol
- Active · Active since 2 Oct 2025
- Contact
- sveasolar.be
- Activities · NACE
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Overige bouwinstallatie
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Overige bouwinstallatie, n.e.g.