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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COSOLAR from Somme-Leuze, company number BE0784352787, closed financial year 2025 with a result of € -264,320 after tax. For that financial year COSOLAR recorded a gross margin of € -54,909 and equity of € 3.8 million. Compared with financial year 2024, the result moved from € -32,469 to € -264,320. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 3.8 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -264,320
▼ 714 % more loss than in 2024
Profit after tax over the fiscal year.
€ 115,050
▼ 83% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 866,615.
Debts at end 2025
€ 780,671
▼ 20% vs 2024
€ 213,762 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 2,955
▲ € 2,926 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 19,330 | € 22,918 | € -12,617 | € -54,909 | ▼ € 42,292 |
| Profit after taxes | € 7,792 | € 1,155,612 | € -32,469 | € -264,320 | ▼ € 231,851 |
| Equity | € 27,792 | € 1,183,404 | € 4,081,035 | € 3,816,715 | ▼ 6% |
| Total debts | € 3,321,072 | € 2,197,650 | € 1,248,897 | € 785,755 | ▼ 37% |
| Cash | € 127,189 | € 34,357 | € 666,336 | € 115,050 | ▼ 83% |
| Retained profit | € 7,792 | € 1,163,404 | € 1,130,935 | € 866,615 | ▼ 23% |
| Bank debt | € 1,654,143 | € 1,165,314 | € 974,172 | € 780,671 | ▼ 20% |
| Balance sheet total | € 3,348,864 | € 3,381,054 | € 5,329,932 | € 4,602,470 | ▼ 14% |
Key figures of COSOLAR, 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 COSOLAR?
What happened at COSOLAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 264,320. Source: NBB ↗
- New establishment in Somme-Leuze. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,792 profit in 2022 to € 264,320 loss in 2025.
Paid € 2,593 in corporate taxes since 2022.
Best year ever: 2023, with € 1.2 million profit.
Management
The stake of WE Environnement, FAMO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COSOLARBehind COSOLAR are SMAX SRL, Falcon Management S. Etr., SPARAXIS SA and FAMO SA. The shares are held by WE Environnement (15%) and FAMO (15%). It owns 100% of Belga Solar and 12.5% of Solarcells Luxembourg itself.
Directors
According to the 2025 annual accounts
Director · represented by Sébastien Mahieu
Also active at: NEVEO, D-CARBONIZE, Belga Solar, New Neveo
Falcon Management S. Etr.
Director · represented by Frédéric Conrads
Director · represented by Sabrina Haquet
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +224 more
Director · represented by Axel Moorkens
Also active at: VERVLOET, GOODWILL M + G, Alcopa Capital Development, International Cycling Parts Services, Whitestone Group, HEYLEN NATUUR- & GROENBEDRIJF, VERVLOET INTERNATIONAL, Cycling Parts Testing +8 more
Shareholders
15%
15%
Participations
100%
Solarcells Luxembourg
12.5%
Establishments
Establishment units
Physical locations of this company
Zone d'activités Nord, Bail. 89
5377 Somme-Leuze
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0784.352.787
- VAT number
- BE 0784.352.787
- Registered office
- Zone d'activités Nord, Bail. 89, 5377 Somme-Leuze
- Names & denominations
- COSOLAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 2022
- Peppol
- Active · Active since 3 Jul 2026
- Contact
- [email protected] +32470297503
- Activities · NACE
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