Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Solar PFK from Brussel, company number BE0898217327, closed financial year 2025 with a result of € -10.6 million after tax. For that financial year Solar PFK recorded revenue of € 6.3 million and equity of € 21.3 million. Compared with financial year 2024, the result moved from € -5.6 million to € -10.6 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 23, 2026.
€ 21.3 million
▼ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10.6 million
▼ 90 % more loss than in 2024
Profit after tax over the fiscal year.
€ 6.8 million
▼ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -11.4 million.
Debts at end 2025
€ 90.2 million
▲ 19% vs 2024
€ 25.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 4.3 million
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 2,851,555 | € 3,268,724 | € 6,254,159 | ▲ 91% |
| Profit after taxes | € -3,624,014 | € -5,603,930 | € -10,641,628 | ▼ € 5 million |
| Equity | € 37,551,928 | € 31,947,998 | € 21,306,370 | ▼ 33% |
| Total debts | € 68,089,212 | € 85,910,830 | € 99,102,165 | ▲ 15% |
| Cash | € 13,980,951 | € 10,533,388 | € 6,790,787 | ▼ 36% |
| Land & buildings | € 46,252,489 | € 104,980,570 | € 107,875,004 | ▲ 3% |
| Retained profit | € 4,800,159 | € -803,772 | € -11,445,400 | ▼ € 10.6 million |
| Bank debt | € 52,269,458 | € 76,008,752 | € 90,224,200 | ▲ 19% |
| Balance sheet total | € 111,422,630 | € 123,463,554 | € 125,768,670 | ▲ 2% |
Key figures of Solar PFK, fiscal years 2023 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 Solar PFK?
What happened at Solar PFK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 10.6 million. Source: NBB ↗
- Hanne MAES became a director. NBB
- SUZY DENYS stepped down as director. NBB
- Heiko Suess became a director. NBB
- GRIET HEIRWEGH became a director. NBB
- SASKIA ROOSEN became a director. NBB
- JAN WANGERMANN became a director. NBB
- SUZY DENYS became a director. NBB
In short
From € 3.6 million loss in 2023 to € 10.6 million 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 Solar PFK are Heiko Suess, GRIET HEIRWEGH, SASKIA ROOSEN, Hanne MAES and JAN WANGERMANN. The shares are held by SOLAR HOLDCO (100%).
Directors
According to the 2025 annual accounts
Heiko Suess
Director
since 2022
since 2022
SASKIA ROOSEN
Director
Also active at: CITY LAND, IMMO IXELLES 60, PATRIZIA ERP BRUSSELS BAMBOU, SOLAR HOLDCO, IMMO IDALIE 9-13
since 2022
Hanne MAES
Director
Also active at: CITY LAND, IMMO IXELLES 60, PATRIZIA ERP BRUSSELS BAMBOU, EVENEPOEL PROPERTIES, IMMO IDALIE 9-13
since 2025
JAN WANGERMANN
Director
since 2022
since 2022 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kunstlaan 56
1000 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0898.217.327
- VAT number
- BE 0898.217.327
- Registered office
- Kunstlaan 56, 1000 Brussel
- Names & denominations
- Solar PFK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 May 2008
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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