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ASPIRAVI

Active
Public limited companyfounded 2002active for 24 yearsPresident Kennedypark(Kor) 8A, 8500 Kortrijk, Belgium15 active companies are registered at this addressKBO/BCE: BE 0477.518.825
Summary

ASPIRAVI has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108.5m and a net result of €29.6m. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 55% of 346 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · financial year 2025, full format, standalone accounts

Turnover
€79.5m=
2024 · €79.5m
EBIT margin
36.5%▼ 3.5pp
2024 · 40.0%
Net result
€29.6m▼ 45.4%
2024 · €54.2m
Working capital
€50.7m▼ 20.0%
2024 · €63.4m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result has fallen two years in a row; 2025 is 9% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€79.5m 2025 Operating result€29.0m 2025 Net result€29.6m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 35, Electricity, gas, steam and air conditioning supply: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€48.6m-€55.9m▲ 15.1%€52.2m▼ 6.6%€51.9m▼ 0.6%€57.3m▲ 10.5%€95.7m▲ 67.0%€79.5m▼ 17.0%€79.5m=
Operating result€21.8m-€22.8m▲ 4.1%€22.1m▼ 2.8%€18.8m▼ 15.1%€11.6m▼ 38.4%€52.9m▲ 358%€31.8m▼ 40.0%€29.0m▼ 8.8%
Net result€22.0m-€26.9m▲ 22.4%€27.3mabove the sector's middle half▲ 1.7%€23.4mabove the sector's middle half▼ 14.6%€16.2mabove the sector's middle half▼ 30.8%€51.6mabove the sector's middle half▲ 220%€54.2mabove the sector's middle half▲ 4.9%€29.6mabove the sector's middle half▼ 45.4%
EBIT margin45.0%-40.7%▼ 4.3pp42.4%▲ 1.7pp36.2%▼ 6.2pp20.2%▼ 16.0pp55.3%▲ 35.1pp40.0%▼ 15.3pp36.5%▼ 3.5pp
Equity€41.9m-€55.5m▲ 32.5%€70.2mabove the sector's middle half▲ 26.4%€70.2mabove the sector's middle half▼ 0.1%€70.2mabove the sector's middle half=€84.4mabove the sector's middle half▲ 20.3%€108.5mabove the sector's middle half▲ 28.5%€108.5mabove the sector's middle half=
Total assets€154.9m-€164.3m▲ 6.1%€170.6mabove the sector's middle half▲ 3.8%€173.3mabove the sector's middle half▲ 1.6%€177.3mabove the sector's middle half▲ 2.3%€239.7mabove the sector's middle half▲ 35.2%€315.2mabove the sector's middle half▲ 31.5%€333.0mabove the sector's middle half▲ 5.6%
Debt€110.0m-€105.5m▼ 4.1%€96.9m▼ 8.1%€99.9m▲ 3.1%€100.2m▲ 0.3%€151.7m▲ 51.4%€202.9m▲ 33.7%€220.4m▲ 8.6%
Working capital€9.6m-€28.4m▲ 195%€46.8mabove the sector's middle half▲ 64.7%€30.6mabove the sector's middle half▼ 34.5%-€8.9mbelow the sector's middle half-€11.2mbelow the sector's middle half▼ 25.2%€63.4mabove the sector's middle half€50.7mabove the sector's middle half▼ 20.0%
Solvency27.1%-33.8%▲ 6.8pp41.2%within the sector's middle half▲ 7.3pp40.5%within the sector's middle half▼ 0.7pp39.6%within the sector's middle half▼ 0.9pp35.2%within the sector's middle half▼ 4.4pp34.4%within the sector's middle half▼ 0.8pp32.6%within the sector's middle half▼ 1.8pp
Current ratio1.27-1.87▲ 0.602.64above the sector's middle half▲ 0.771.72within the sector's middle half▼ 0.930.80within the sector's middle half▼ 0.920.81within the sector's middle half▲ 0.012.32above the sector's middle half▲ 1.501.89within the sector's middle half▼ 0.43
Return on assets (ROA)14.2%-16.4%▲ 2.2pp16.0%above the sector's middle half▼ 0.3pp13.5%above the sector's middle half▼ 2.6pp9.1%above the sector's middle half▼ 4.4pp21.5%above the sector's middle half▲ 12.4pp17.2%above the sector's middle half▼ 4.3pp8.9%above the sector's middle half▼ 8.3pp
Staff (FTE)47.6-49.8▲ 4.6%45above the sector's middle half▼ 9.6%38.9above the sector's middle half▼ 13.6%40.4above the sector's middle half▲ 3.9%42.8above the sector's middle half▲ 5.9%47.2above the sector's middle half▲ 10.3%48.7above the sector's middle half▲ 3.2%
above within below the middle half of NACE 35, Electricity, gas, steam and air conditioning supply: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €333.0m
Fixed assets €225.3m ▲ 10.7%
Current assets €107.8m ▼ 3.5%
Equity and liabilities €333.0m
Equity €108.5m =
Provisions €4.1m ▲ 6.7%
Debt €220.4m ▲ 8.6%
Debt's share of the balance-sheet total rises from 64.4% to 66.2%. Debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€47.3m▼
2024 · €47.7m
Cash flow
€47.9m▼
2024 · €70.1m
Quick ratio
1.86▼
2024 · 2.30
Debt to equity
2.03▲
2024 · 1.87
ROE
27.3%▼
2024 · 49.9%
Interest coverage
8.01▼
2024 · 8.42
Debt ≤ 1 year
€57.0m▲
2024 · €48.2m
Debt > 1 year
€161.7m▲
2024 · €152.0m
Income taxes
€3.9m▼
2024 · €5.9m
Staff costs
€4.7m▲
2024 · €4.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95.0% still going

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 20,139 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 95 lines
Balance sheet Code20242025
Assets
Total assets20/58€315.2m€333.0m▲
Fixed assets21/28€203.5m€225.3m▲
Tangible fixed assets22/27€170.1m€186.9m▲
Land and buildings22-€3.0m
Plant, machinery and equipment23€153.3m€151.5m▼
Furniture and vehicles24€0.06m€0.05m▼
Assets under construction and advance payments27€16.7m€32.4m▲
Financial fixed assets28€33.4m€38.4m▲
Affiliated companies280/1€8.8m€8.8m=
Participating interests280€8.8m€8.8m=
Companies linked by participating interests282/3€24.4m€29.5m▲
Participating interests282€24.4m€26.1m▲
Amounts receivable283-€3.4m
Other financial fixed assets284/8€0.2m€0.005m▼
Shares284€0.2m-
Amounts receivable and cash guarantees285/8€0.007m€0.005m▼
Current assets29/58€111.7m€107.8m▼
Amounts receivable after more than one year29€3.4m-
Other amounts receivable291€3.4m-
Stocks and contracts in progress3€0.9m€1.6m▲
Stocks30/36€0.9m€1.6m▲
Finished goods33€0.9m€1.6m▲
Amounts receivable within one year40/41€27.6m€44.6m▲
Trade receivables40€23.8m€40.4m▲
Other amounts receivable41€3.8m€4.2m▲
Current investments50/53€69.1m€54.9m▼
Other investments51/53€69.1m€54.9m▼
Cash at bank and in hand54/58€7.6m€4.8m▼
Deferred charges and accrued income490/1€3.0m€1.8m▼
Equity and liabilities
Total equity and liabilities10/49€315.2m€333.0m▲
Equity10/15€108.5m€108.5m=
Contributions10/11€6.2m€6.2m=
Capital10€6.2m€6.2m=
Issued capital100€6.2m€6.2m=
Reserves13€102.3m€102.3m=
Non-distributable reserves130/1€0.6m€0.6m=
Legal reserve130€0.6m€0.6m=
Distributable reserves133€101.6m€101.7m=
Provisions and deferred taxes16€3.9m€4.1m▲
Provisions for liabilities and charges160/5€3.9m€4.1m▲
Environmental obligations163€3.9m€4.1m▲
Amounts payable17/49€202.9m€220.4m▲
Amounts payable after more than one year17€152.0m€161.7m▲
Financial debts170/4€152.0m€161.7m▲
Subordinated loans170€16.6m€17.4m▲
Credit institutions173€135.4m€144.3m▲
Amounts payable within one year42/48€48.2m€57.0m▲
Current portion of amounts payable after more than one year42€12.5m€11.6m▼
Financial debts43€0.01m-
Credit institutions430/8€0.01m-
Trade debts44€2.7m€11.5m▲
Suppliers440/4€2.7m€11.5m▲
Taxes, remuneration and social security45€3.0m€3.2m▲
Taxes450/3€2.5m€2.7m▲
Remuneration and social security454/9€0.5m€0.5m▲
Other amounts payable47/48€30.1m€30.7m▲
Accrued charges and deferred income492/3€2.7m€1.7m▼
Income statement Code20242025
Operating income70/76A€81.8m€82.5m▲
Turnover70€79.5m€79.5m=
Change in stocks of work in progress, finished goods and contracts in progress71€0.3m€0.7m▲
Other operating income74€2.0m€2.4m▲
Non-recurring operating income76A€0.004m-
Operating charges60/66A€50.0m€53.6m▲
Goods for resale, raw materials and consumables60€11.3m€10.2m▼
Purchases600/8€10.4m€10.2m▼
Change in stocks: decrease (increase)609€0.9m-
Services and other goods61€17.5m€19.6m▲
Remuneration, social security and pensions62€4.7m€4.7m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15.9m€18.3m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0.2m€0.3m▲
Other operating charges640/8€0.3m€0.3m▼
Non-recurring operating charges66A€0.1m€0.2m▲
Operating profit (loss)9901€31.8m€29.0m▼
Financial income75/76B€34.3m€10.5m▼
Recurring financial income75€34.3m€10.5m▼
Income from financial fixed assets750€33.6m€8.9m▼
Income from current assets751€0.6m€1.6m▲
Other financial income752/9€0.002m€196▼
Financial charges65/66B€6.0m€6.0m▲
Recurring financial charges65€6.0m€6.0m▲
Debt charges650€5.7m€5.9m▲
Other financial charges652/9€0.3m€0.1m▼
Profit (loss) for the period before taxes9903€60.1m€33.5m▼
Income taxes67/77€5.9m€3.9m▼
Taxes670/3€5.9m€3.9m▼
Tax adjustments and reversals of tax provisions77€0.04m-
Profit (loss) for the period9904€54.2m€29.6m▼
Profit (loss) for the period to be appropriated9905€54.2m€29.6m▼
Appropriation of the result
Profit (loss) to be appropriated9906€54.2m€29.6m▼
Transfer to equity691/2€24.1m€0.01m▼
To other reserves6921€24.1m€0.01m▼
Profit to be distributed694/7€30.1m€29.6m▼
Return on contributions (dividend)694€30.0m€29.5m▼
Employees696€0.07m€0.09m▲
Social balance sheet
Average headcount (FTE)908747.248.7▲

The notes to these accounts (76 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Operating income70/76A---€53.4m€58.7m€97.9m€81.8m€82.5m▲ 0.9%
Turnover70€48.6m€55.9m€52.2m€51.9m€57.3m€95.7m€79.5m€79.5m=
Change in stocks of work in progress, finished goods and contracts in progress71----€2.0m-€0.7m€0.1m€0.3m€0.7m▲ 120%
Other operating income74---€2.6m€2.0m€2.1m€2.0m€2.4m▲ 18.3%
Non-recurring operating income76A---€0.9m--€0.004m--
Operating charges60/66A---€34.6m€47.1m€45.0m€50.0m€53.6m▲ 7.0%
Goods for resale, raw materials and consumables60---€7.1m€15.1m€12.9m€11.3m€10.2m▼ 9.5%
Purchases600/8---€7.1m€16.0m€12.9m€10.4m€10.2m▼ 1.4%
Change in stocks: decrease (increase)609-----€0.9m-€0.9m--
Services and other goods61---€10.5m€11.7m€13.8m€17.5m€19.6m▲ 12.0%
Remuneration, social security and pensions62---€3.4m€3.9m€4.5m€4.7m€4.7m▲ 1.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15.0m€14.2m€14.0m€13.4m€12.4m€11.8m€15.9m€18.3m▲ 15.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€0.002m-----
Provisions for liabilities and charges: additions (uses and reversals)635/8----€0.2m€3.7m-€3.3m€0.2m€0.3m▲ 16.0%
Other operating charges640/8---€0.3m€0.2m€5.3m€0.3m€0.3m▼ 17.0%
Non-recurring operating charges66A-----€0.004m€0.1m€0.2m▲ 60.7%
Operating profit (loss)9901€21.8m€22.8m€22.1m€18.8m€11.6m€52.9m€31.8m€29.0m▼ 8.8%
Financial income75/76B---€10.0m€6.8m€11.6m€34.3m€10.5m▼ 69.3%
Recurring financial income75€7.6m€12.3m€11.9m€10.0m€6.8m€11.6m€34.3m€10.5m▼ 69.3%
Income from financial fixed assets750---€9.9m€6.8m€11.5m€33.6m€8.9m▼ 73.6%
Income from current assets751---€0.06m€0.002m€0.1m€0.6m€1.6m▲ 156%
Other financial income752/9---€0.001m€0.001m€0.001m€0.002m€196▼ 91.4%
Financial charges65/66B---€1.3m€1.3m€3.4m€6.0m€6.0m▲ 0.1%
Recurring financial charges65€2.2m€1.8m€1.4m€1.3m€1.3m€3.4m€6.0m€6.0m▲ 0.1%
Debt charges650€2.1m€1.7m€1.3m€1.1m€1.2m€3.3m€5.7m€5.9m▲ 4.1%
Other financial charges652/9---€0.2m€0.1m€0.09m€0.3m€0.1m▼ 69.9%
Profit (loss) for the period before taxes9903€27.3m€33.3m€32.6m€27.5m€17.1m€61.2m€60.1m€33.5m▼ 44.2%
Income taxes67/77€5.3m€6.4m€5.2m€4.1m€0.9m€9.5m€5.9m€3.9m▼ 33.5%
Taxes670/3---€4.1m€0.9m€9.6m€5.9m€3.9m▼ 33.9%
Tax adjustments and reversals of tax provisions77---€0.03m-€0.04m€0.04m--
Profit (loss) for the period9904€22.0m€26.9m€27.3m€23.4m€16.2m€51.6m€54.2m€29.6m▼ 45.4%
Profit (loss) for the period to be appropriated9905€22.0m€26.9m€27.4m€23.4m€16.2m€51.6m€54.2m€29.6m▼ 45.4%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€154.9m€164.3m€170.6m€173.3m€177.3m€239.7m€315.2m€333.0m▲ 5.6%
Fixed assets21/28€109.5m€103.3m€95.3m€100.1m€141.6m€191.5m€203.5m€225.3m▲ 10.7%
Intangible fixed assets21€0.01m€0.006m€0.002m------
Tangible fixed assets22/27€80.3m€73.4m€65.5m€70.2m€111.7m€161.6m€170.1m€186.9m▲ 9.9%
Land and buildings22-------€3.0m-
Plant, machinery and equipment23---€54.9m€86.4m€103.3m€153.3m€151.5m▼ 1.2%
Furniture and vehicles24---€0.03m€0.04m€0.05m€0.06m€0.05m▼ 14.6%
Assets under construction and advance payments27---€15.3m€25.3m€58.3m€16.7m€32.4m▲ 93.9%
Financial fixed assets28€29.1m€29.9m€29.9m€29.9m€29.9m€29.9m€33.4m€38.4m▲ 14.8%
Affiliated companies280/1---€5.3m€5.3m€5.3m€8.8m€8.8m=
Participating interests280---€5.3m€5.3m€5.3m€8.8m€8.8m=
Companies linked by participating interests282/3---€24.4m€24.4m€24.4m€24.4m€29.5m▲ 20.8%
Participating interests282---€24.4m€24.4m€24.4m€24.4m€26.1m▲ 6.9%
Amounts receivable283-------€3.4m-
Other financial fixed assets284/8---€0.2m€0.2m€0.2m€0.2m€0.005m▼ 96.6%
Shares284---€0.2m€0.2m€0.2m€0.2m--
Amounts receivable and cash guarantees285/8---€0.002m€0.002m€0.009m€0.007m€0.005m▼ 24.6%
Current assets29/58€45.4m€61.0m€75.2m€73.3m€35.7m€48.2m€111.7m€107.8m▼ 3.5%
Amounts receivable after more than one year29---€10.0m€5.4m€4.4m€3.4m--
Other amounts receivable291---€10.0m€5.4m€4.4m€3.4m--
Stocks and contracts in progress3€6.3m€3.1m€3.2m€1.3m€1.5m€1.6m€0.9m€1.6m▲ 72.8%
Stocks30/36---€1.3m€1.5m€1.6m€0.9m€1.6m▲ 72.8%
Finished goods33---€1.3m€0.5m€0.6m€0.9m€1.6m▲ 72.8%
Goods purchased for resale34----€0.9m€0.9m---
Amounts receivable within one year40/41€15.5m€18.1m€16.5m€20.0m€21.0m€30.7m€27.6m€44.6m▲ 61.8%
Trade receivables40---€16.6m€16.9m€26.9m€23.8m€40.4m▲ 69.6%
Other amounts receivable41---€3.5m€4.1m€3.8m€3.8m€4.2m▲ 12.1%
Current investments50/53€0.9m€4.1m€38.8m€33.4m€1.9m€4.9m€69.1m€54.9m▼ 20.6%
Other investments51/53---€33.4m€1.9m€4.9m€69.1m€54.9m▼ 20.6%
Cash at bank and in hand54/58€5.7m€22.9m€4.1m€5.1m€3.4m€4.1m€7.6m€4.8m▼ 36.8%
Deferred charges and accrued income490/1---€3.5m€2.4m€2.6m€3.0m€1.8m▼ 41.1%
Equity and liabilities
Total equity and liabilities10/49€154.9m€164.3m€170.6m€173.3m€177.3m€239.7m€315.2m€333.0m▲ 5.6%
Equity10/15€41.9m€55.5m€70.2m€70.2m€70.2m€84.4m€108.5m€108.5m=
Contributions10/11€6.2m€6.2m€6.2m€6.2m€6.2m€6.2m€6.2m€6.2m=
Capital10---€6.2m€6.2m€6.2m€6.2m€6.2m=
Issued capital100---€6.2m€6.2m€6.2m€6.2m€6.2m=
Reserves13€0.6m€0.6m€0.6m€0.6m€0.6m€78.2m€102.3m€102.3m=
Non-distributable reserves130/1---€0.6m€0.6m€0.6m€0.6m€0.6m=
Legal reserve130---€0.6m€0.6m€0.6m€0.6m€0.6m=
Distributable reserves133-----€77.6m€101.6m€101.7m=
Profit (loss) carried forward14€35.0m€48.7m€63.3m€63.3m€63.3m----
Provisions and deferred taxes16€3.0m€3.2m€3.4m€3.3m€6.9m€3.6m€3.9m€4.1m▲ 6.7%
Provisions for liabilities and charges160/5---€3.3m€6.9m€3.6m€3.9m€4.1m▲ 6.7%
Environmental obligations163---€3.3m€3.5m€3.6m€3.9m€4.1m▲ 6.7%
Other liabilities and charges164/5----€3.5m----
Amounts payable17/49€110.0m€105.5m€96.9m€99.9m€100.2m€151.7m€202.9m€220.4m▲ 8.6%
Amounts payable after more than one year17€72.7m€71.0m€67.3m€56.3m€50.8m€90.1m€152.0m€161.7m▲ 6.4%
Financial debts170/4---€56.3m€50.8m€90.1m€152.0m€161.7m▲ 6.4%
Subordinated loans170---€13.4m€14.0m€15.6m€16.6m€17.4m▲ 4.8%
Credit institutions173---€42.8m€36.8m€74.6m€135.4m€144.3m▲ 6.6%
Amounts payable within one year42/48€35.8m€32.6m€28.5m€42.7m€44.6m€59.4m€48.2m€57.0m▲ 18.2%
Current portion of amounts payable after more than one year42---€14.3m€9.4m€10.5m€12.5m€11.6m▼ 7.0%
Financial debts43------€0.01m--
Credit institutions430/8------€0.01m--
Trade debts44€3.5m€1.6m€2.2m€2.2m€5.8m€9.5m€2.7m€11.5m▲ 332%
Suppliers440/4---€2.2m€5.8m€9.5m€2.7m€11.5m▲ 332%
Taxes, remuneration and social security45---€2.7m€2.2m€8.0m€3.0m€3.2m▲ 6.6%
Taxes450/3---€2.3m€1.8m€7.6m€2.5m€2.7m▲ 6.6%
Remuneration and social security454/9---€0.4m€0.4m€0.4m€0.5m€0.5m▲ 6.7%
Other amounts payable47/48---€23.5m€27.2m€31.4m€30.1m€30.7m▲ 2.2%
Accrued charges and deferred income492/3---€1.0m€4.8m€2.2m€2.7m€1.7m▼ 35.1%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€22.0m€26.9m€27.3m€23.4m€16.2m€51.6m€54.2m€29.6m▼ 45.4%
+ Depreciation and write-downs630€15.0m€14.2m€14.0m€13.4m€12.4m€11.8m€15.9m€18.3m▲ 15.0%
Operating cash flow (approximation)€37.0m€41.1m€41.3m€36.7m€28.6m€63.4m€70.1m€47.9m▼ 31.7%
Investment in fixed assets (approximation)--€8.0m-€6.1m-€18.1m-€54.0m-€61.7m-€27.9m-€40.0m▼ 43.2%
Change in cash-€17.2m-€18.8m€1.0m-€1.7m€0.7m€3.5m-€2.8m-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 28 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 29-05-2026 2026-00133335
31-12-2024 full format 29-05-2025 2025-00114045
31-12-2023 full format 28-06-2024 2024-00198513
31-12-2022 full format 22-05-2023 2023-00095999
31-12-2021 consolidated 27-05-2022 2022-20039369
31-12-2021 full format 24-05-2022 2022-20034976
31-12-2020 consolidated 17-05-2021 2021-14300038
31-12-2020 full format 16-05-2021 2021-14300251
31-12-2019 full format 19-05-2020 2020-12600171
31-12-2019 consolidated 19-05-2020 2020-12600177

Show all 28 filings

Similar companies · same sector, comparable size

Of the 806 active companies whose main activity is production of electricity from non-renewable sources (NACE 35110), figures are known for 632. 60 are within a factor 10 of this equity. These 4 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 4 entries · €9,679 awarded · €9,678 paid
Year Entries AwardedPaid
2025 1 €2,590€2,590
2024 1 -€4,615€5,384
2023 1 €10,000€0
2022 1 €1,704€1,704
Schemes
2 entries · €5,385 · €5,384 paid · Departement Werk en Sociale Economie
2 entries · €4,294 · €4,294 paid · Departement Werk en Sociale Economie

Public contracts

6 awards · 2019 to 2023
Framework agreement for the supply of energy certificates and guarantees of origin: Perceel 5: "Europese Garanties van Oorsprong"
buyer: Vlaams EnergiebedrijfPetroleum products, fuel and electricityawarded 29-12-2023€09 tendersTED 116533-2024
Framework agreement for the supply of energy certificates and guarantees of origin: Lot 6: "Local guarantees of origin"
buyer: Vlaams EnergiebedrijfPetroleum products, fuel and electricityawarded 29-12-2023€010 tendersTED 116533-2024
Contrat-cadre pour la fourniture de certificats énergétiques et de garanties d'origine: Groenestroomcertificaten Vlaams Gewest
buyer: Vlaams EnergieBedrijfPetroleum products, fuel and electricityawarded 28-08-2019€22.0m9 tendersTED 11094-2020
Contrat-cadre pour la fourniture de certificats énergétiques et de garanties d'origine: WKK-certificaten Vlaams Gewest
buyer: Vlaams EnergieBedrijfPetroleum products, fuel and electricityawarded 28-08-2019€3.0m10 tendersTED 11094-2020
Contrat-cadre pour la fourniture de certificats énergétiques et de garanties d'origine: Garanties van Oorsprong – Spot
buyer: Vlaams EnergieBedrijfPetroleum products, fuel and electricityawarded 28-08-2019€320,00010 tendersTED 11094-2020
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Contrat-cadre pour la fourniture de certificats énergétiques et de garanties d'origine: Garanties van Oorsprong — Future
buyer: Vlaams EnergieBedrijfPetroleum products, fuel and electricityawarded 28-08-2019€320,00010 tendersTED 11094-2020

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.