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 3 % of short-term debt in 2025; threshold 65 %.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2025
PV-FORCE from Waregem, company number BE0818058111, closed financial year 2025 with a result of € -16,599 after tax. For that financial year PV-FORCE recorded a gross margin of € -15,866 and equity of € -13.1 million. Compared with financial year 2024, the result moved from € -1.1 million to € -16,599. 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 July 24, 2026.
€ -13.1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,599
▲ 99 % less loss than in 2024
Profit after tax over the fiscal year.
€ 332,399
▼ 5% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -13.9 million.
Debts at end 2025
€ 3.1 million
Loans from banks and other lenders, long and short.
€ 3.9 million
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -242,593 | € -55,357 | € -27,466 | € -15,866 | ▲ € 11,600 |
| Profit after taxes | € -4,480,420 | € -457,380 | € -1,119,618 | € -16,599 | ▲ € 1.1 million |
| Equity | € -11,546,174 | € -12,003,554 | € -13,123,172 | € -13,139,770 | |
| Total debts | € 12,759,734 | € 13,019,454 | € 13,474,832 | € 13,480,089 | |
| Cash | € 408,598 | € 379,793 | € 348,948 | € 332,399 | ▼ 5% |
| Retained profit | € -12,321,174 | € -12,778,554 | € -13,898,172 | € -13,914,770 | |
| Bank debt | € 3,098,656 | € 3,098,656 | € 3,098,656 | € 3,098,656 | |
| Balance sheet total | € 1,213,560 | € 1,015,900 | € 351,660 | € 340,319 | ▼ 3% |
Key figures of PV-FORCE, 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 PV-FORCE?
What happened at PV-FORCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
PV-FORCE is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2025: loss of € 16,599. Source: NBB ↗
- Joris De Smet became a director. NBB
- Paul Van der Putten became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 4.5 million loss in 2022 to € 16,599 loss in 2025.
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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 PV-FORCE are Joris De Smet and Paul Van der Putten. The same people are also behind SOLARRISE.
Establishments
Establishment units
Physical locations of this company
Henri Lebbestraat 190
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0818.058.111
- VAT number
- BE 0818.058.111
- Registered office
- Henri Lebbestraat 190, 8790 Waregem
- Names & denominations
- PV-FORCE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 26 August 2009
- Peppol
- Active · Active since 23 Feb 2026
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen
Groothandel in elektrisch materiaal, inclusief installatiemateriaal