37 Energy
ActiveSummary
37 Energy has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231k and a net result of €76k. Equity is growing by ~61.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
short-term debt: 0.7% and cash: 96.8% of total assets, and 0.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.3%
Return on assets
32.6%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
20 d late
2024
30 d early
2023
29 d early
2022
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€231k▲ 48.9%
2024 · €155k
2022: €23klowest in 4 years
2023: €80k▲ +249% vs 2022
2024: €155k▲ +93.2% vs 2023
2025: €231k▲ +48.9% vs 2024highest in 4 years
2022 → 2025
Total assets
€232k▲ 15.8%
2024 · €201k
2022: €36klowest in 4 years
2023: €107k▲ +201% vs 2022
2024: €201k▲ +87.3% vs 2023
2025: €232k▲ +15.8% vs 2024highest in 4 years
2022 → 2025
Net result
€76k▲ 1.4%
2024 · €75k
2022: €20klowest in 4 years
2023: €57k▲ +186% vs 2022
2024: €75k▲ +30.7% vs 2023
2025: €76k▲ +1.4% vs 2024highest in 4 years
2022 → 2025
Working capital
€226k▲ 47.4%
2024 · €154k
2022: €23klowest in 4 years
2023: €78k▲ +241% vs 2022
2024: €154k▲ +96.1% vs 2023
2025: €226k▲ +47.4% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€23k-€80k▲ 249%€155k▲ 93.2%€231k▲ 48.9%
2022: €23klowest in 4 years
2023: €80k▲ +249% vs 2022
2024: €155k▲ +93.2% vs 2023
2025: €231k▲ +48.9% vs 2024highest in 4 years
Operating result€28k-€72k▲ 161%€104k▲ 43.9%€97k▼ 6.3%
2022: €28klowest in 4 years
2023: €72k▲ +161% vs 2022
2024: €104k▲ +43.9% vs 2023highest in 4 years
2025: €97k▼ -6.3% vs 2024
Net result€20k-€57k▲ 186%€75k▲ 30.7%€76k▲ 1.4%
2022: €20klowest in 4 years
2023: €57k▲ +186% vs 2022
2024: €75k▲ +30.7% vs 2023
2025: €76k▲ +1.4% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €232k
Fixed assets
€4k ▲ 255%
Current assets
€228k ▲ 14.4%
Equity and liabilities €232k
Equity
€231k ▲ 48.9%
Debt
€2k ▼ 96.3%
Debt's share of the balance-sheet total falls from 22.8% to 0.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€98k▼
2024 · €104k
Cash flow
€77k▲
2024 · €75k
Debt to equity
0.01▼
2024 · 0.30
ROE
32.9%▼
2024 · 48.2%
ROA
32.6%▼
2024 · 37.2%
Interest coverage
963.20▼
2024 · 1059.25
Debt ≤ 1 year
€2k▼
2024 · €46k
Income taxes
€21k▼
2024 · €29k
A ratio outside any meaningful range has been withheld (balance sheet total €232k, equity €231k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€201k€232k▲
Fixed assets21/28€1k€4k▲
Tangible fixed assets22/27€1k€4k▲
Plant, machinery and equipment23€1k€3k▲
Furniture and vehicles24-€1k
Current assets29/58€199k€228k▲
Amounts receivable within one year40/41€361€3k▲
Other amounts receivable41€361€3k▲
Cash at bank and in hand54/58€199k€225k▲
Deferred charges and accrued income490/1€123-
Equity and liabilities
Total equity and liabilities10/49€201k€232k▲
Equity10/15€155k€231k▲
Contributions10/11€3k€3k=
Reserves13€20k€20k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€132k€208k▲
Amounts payable17/49€46k€2k▼
Amounts payable within one year42/48€46k€2k▼
Trade debts44€2k€813▼
Suppliers440/4€2k€813▼
Taxes, remuneration and social security45€44k-
Taxes450/3€44k-
Other amounts payable47/48€533€860▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€615€1k▲
Gross operating margin9900€104k€98k▼
Operating profit (loss)9901€104k€97k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€98€102▲
Recurring financial charges65€98€102▲
Profit (loss) for the period before taxes9903€104k€97k▼
Income taxes67/77€29k€21k▼
Profit (loss) for the period9904€75k€76k▲
Profit (loss) for the period to be appropriated9905€75k€76k▲
Appropriation of the result
Profit (loss) to be appropriated9906€132k€208k▲
Profit (loss) brought forward from the previous period14P€57k€132k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €61 | €615 | €1k | ▲ 69.0% |
| Other operating charges640/8 | - | €246 | - | - | - |
| Gross operating margin9900 | €28k | €72k | €104k | €98k | ▼ 5.9% |
| Operating profit (loss)9901 | €28k | €72k | €104k | €97k | ▼ 6.3% |
| Financial income75/76B | - | - | €0 | - | - |
| Recurring financial income75 | - | - | €0 | - | - |
| Financial charges65/66B | - | €117 | €98 | €102 | ▲ 3.5% |
| Recurring financial charges65 | - | €117 | €98 | €102 | ▲ 3.5% |
| Profit (loss) for the period before taxes9903 | €28k | €72k | €104k | €97k | ▼ 6.4% |
| Income taxes67/77 | €8k | €15k | €29k | €21k | ▼ 26.5% |
| Profit (loss) for the period9904 | €20k | €57k | €75k | €76k | ▲ 1.4% |
| Profit (loss) for the period to be appropriated9905 | €20k | €57k | €75k | €76k | ▲ 1.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €36k | €107k | €201k | €232k | ▲ 15.8% |
| Fixed assets21/28 | - | €2k | €1k | €4k | ▲ 255% |
| Tangible fixed assets22/27 | - | €2k | €1k | €4k | ▲ 255% |
| Plant, machinery and equipment23 | - | €2k | €1k | €3k | ▲ 141% |
| Furniture and vehicles24 | - | - | - | €1k | - |
| Current assets29/58 | €36k | €105k | €199k | €228k | ▲ 14.4% |
| Amounts receivable within one year40/41 | €9k | €4k | €361 | €3k | ▲ 830% |
| Trade receivables40 | €9k | €3k | - | - | - |
| Other amounts receivable41 | €412 | €1k | €361 | €3k | ▲ 830% |
| Cash at bank and in hand54/58 | €26k | €101k | €199k | €225k | ▲ 13.0% |
| Deferred charges and accrued income490/1 | - | €123 | €123 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €36k | €107k | €201k | €232k | ▲ 15.8% |
| Equity10/15 | €23k | €80k | €155k | €231k | ▲ 48.9% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Reserves13 | €20k | €20k | €20k | €20k | = |
| Distributable reserves133 | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | - | €57k | €132k | €208k | ▲ 57.5% |
| Amounts payable17/49 | €13k | €27k | €46k | €2k | ▼ 96.3% |
| Amounts payable within one year42/48 | €13k | €27k | €46k | €2k | ▼ 96.3% |
| Trade debts44 | €1k | €3k | €2k | €813 | ▼ 50.7% |
| Suppliers440/4 | €1k | €3k | €2k | €813 | ▼ 50.7% |
| Taxes, remuneration and social security45 | €10k | €24k | €44k | - | - |
| Taxes450/3 | €8k | €23k | €44k | - | - |
| Remuneration and social security454/9 | €2k | €320 | - | - | - |
| Other amounts payable47/48 | €1k | €619 | €533 | €860 | ▲ 61.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €57k | €75k | €76k | ▲ 1.4% |
| + Depreciation and write-downs630 | - | €61 | €615 | €1k | ▲ 69.0% |
| Operating cash flow (approximation) | €20k | €57k | €75k | €77k | ▲ 2.0% |
| Investment in fixed assets (approximation) | - | - | €0 | €-4k | - |
| Change in cash | - | €74k | €98k | €26k | ▼ 73.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Highest result since 2022net €76k ▲1.4%
Net result €76k, the highest in the series.
31-12
Financial
Liquidity times 31current ratio 136.30
Current ratio from 4.35 to 136.30; short-term debt falls from €46k to €2k.
31-12
Financial
Equity above €200kEq €231k ▲48.9%
4 profitable years in a row build equity to €231k.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €155k ▲93.2%
3 profitable years in a row build equity to €155k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2022
Ground area
282 m²
Building footprint
286 m²
Volume, LiDAR
2,193 m³
Parcel 21444B0111/00X004, Brussels · tallest building 16.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
37 Energy
since 20222.336.395.349
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0111/00X004 | Brussels | 282 m² | 1 · 286 m² | 16.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,270 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.