Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2026
ENECO SOLAR BELGIUM from Gent, company number BE0819431848, closed financial year 2026 with a result of € 2.2 million after tax. For that financial year ENECO SOLAR BELGIUM recorded revenue of € 15.5 million and equity of € 33.1 million. Compared with financial year 2025, the result moved from € 1.7 million to € 2.2 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 October 2, 2026.
€ 33.1 million
▲ 7% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.2 million
▲ 33% vs 2025
Profit after tax over the fiscal year.
€ 2,660
▲ € 2,348 vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 7.7 million.
People and assets in 2026
30.1
▼ 0.1 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 3.5 million
▲ 9% vs 2025
€ 115,300 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.
€ 124,180
▼ 87% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 9.3 million
▼ 10% vs 2025
Loans from banks and other lenders, long and short.
€ 1.5 million
▲ 30% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 101 days on average.
€ 1.3 million
▲ 13% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 19,006,332 | € 14,614,460 | € 14,114,453 | € 15,543,002 | ▲ 10% |
| Profit after taxes | € 2,723,482 | € 1,193,758 | € 1,661,952 | € 2,215,402 | ▲ 33% |
| Equity | € 32,800,178 | € 34,075,826 | € 30,873,547 | € 33,063,769 | ▲ 7% |
| Total debts | € 13,382,765 | € 15,154,419 | € 18,768,808 | € 14,080,373 | ▼ 25% |
| Cash | € 57,883 | € 957 | € 312 | € 2,660 | ▲ € 2,348 |
| Retained profit | € 7,591,853 | € 8,785,612 | € 5,447,563 | € 7,662,966 | ▲ 41% |
| Dividend | € 0 | € 0 | € 5,000,000 | € 0 | ▼ 100% |
| Bank debt | € 11,098,694 | € 11,248,667 | € 10,289,000 | € 9,298,000 | ▼ 10% |
| Balance sheet total | € 47,834,855 | € 51,679,928 | € 51,639,442 | € 48,813,636 | ▼ 5% |
| Employees (FTE) | 25.3 | 29.8 | 30.2 | 30.1 | ▼ 0.1 |
Key figures of ENECO SOLAR BELGIUM, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to ENECO SOLAR BELGIUM?
What happened at ENECO SOLAR BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- De Heide BV stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 2.2 million (▲ 33% vs 2025). Source: NBB ↗
- Eneco Solar BV stepped down as director. NBB
- De Heide BV became a director. NBB
- Eneco Solar BV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Gent. KBO
In short
From € 2.7 million profit in 2023 to € 2.2 million profit in 2026.
Paid € 1.7 million in corporate taxes since 2023.
Best year ever: 2023, with € 2.7 million profit.
Paid out € 5 million in dividends to the owners in total.
Management
The shares are held by Eneco Solar BV (100%) and Eneco BV. It owns 100% of Ecorus Invest III, 100% of Smart Holding, 100% of Solar Panels Brussels, 25.1% of Smart Energy Invest, 0.1% of Solaerco Antwerpen and 0% of Sunergy itself.
Directors
According to the 2026 annual accounts
Director · represented by Paul Minjauw
since 2025 · until 2028
Eneco Solar BV
Director · represented by Erwin Leeuwis
Also active at: ENECO SOLAR INVEST 2, SOLAR PANELS BRUSSELS, Ecorus Invest III, SMART ENERGY INVEST, SMART HOLDING, CORDEEL-ENECO-SOLAR, ENECO SOLAR ENERGY, SOLAERCO ANTWERPEN +1 more
since 2020 · until 2026
Shareholders
Eneco Solar BV
100%
Eneco BV
Participations
100%
100%
25.1%
0.1%
0%
Establishments
Establishment units
Physical locations of this company
Poortakkerstraat 25
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →ENECO SOLAR INVEST 2 same network
€ 2.3 million gross margin · 2026
SOLAR PANELS BRUSSELS same network
€ 10,352 gross margin · 2026
Ecorus Invest III same network
€ 209,153 gross margin · 2026
SMART ENERGY INVEST same network
€ 1.2 million gross margin · 2026
SMART HOLDING same network
€ -4,254 gross margin · 2026
+4 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
- 0819.431.848
- VAT number
- BE 0819.431.848
- Registered office
- Poortakkerstraat 25, 9051 Gent
- Names & denominations
- ENECO SOLAR BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 October 2009
- Peppol
- Not registered
- Activities · NACE
Groothandel in elektrisch materiaal, inclusief installatiemateriaal
Productie van elektriciteit uit niet-hernieuwbare bronnen
Handel in elektriciteit
Vervaardiging van hydraulische en pneumatische apparatuur
Overige zakelijke dienstverlening, neg