Result
€42,547 €42,547
Back in profit in 2025, after a loss of €10,116 in 2024.
easyPV
Lifetime
8 annual accounts with figures on one time axisGross marginpeak €377,826 (2025)
€377,826▲ 31.8%
Resultlowest -€48,472 (2023)
€42,547▲ €52,663
Equitypeak €328,378 (2022)
€312,337▲ 15.8%
Debts
€1.7m▼ 17.0%
Staffpeak 0 FTE (2022)
0 FTE
Board3 names since 2021
2 directorsChristophe Jonlet and 1 other
Owners3 names in the annual accounts
66.67%PANDO HOLDING
Documentsfilings and deeds
21-08-202621 days late
2025abbreviated format
Gross margin from €286,722 to €377,826Back to profit: €42,547Equity from €269,790 to €312,337Debts from €2.0m to €1.7mCash from €129,700 to €32,287
Key points
from the 2025 annual accountsTurnover
≈ €890,000 estimated
The accounts state no turnover.
Debts
€1.7m 84% of the balance sheet
Financial debts 31%Suppliers 5%Other 65%
Of this, €800,008 falls due within a year.
Investments
€22,370 0.1 × depreciation
Green is investment, beige is depreciation.
Filings
8 annual accounts 8 late
The 2018 accounts came latest: 31 days after the end of the period.
At the same address
82 companies
Checked score
88
Excellent
Financially stronger than 47% of micro companies in electricity, gas and steam (NACE 35)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 544 companies (NACE 35, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▲ +0.3 percentage points vs 07-2025highest value
09-2025: 0.2%▼ -0.7 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.2%▼ -0.3 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.81, cash €32,287, halved
Equity €312,337 (15.8% of total assets)
lowers risk
Size: total assets €2.0m
Figures for financial year 2025 (filed on 25-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 35, micro). It does better than 30% of them on solvency, 21% on liquidity, 60% on profitability and 75% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,372 companies had the same profile as easyPV has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
1.4%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of easyPV itself is lower: 0.2% within 12 months. It rests on far more data about easyPV than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,372 companies, not a prediction for easyPV. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.81 (0.58 in 2024), below 1. Short-term debt is 40.6% and cash 1.6% of total assets. 84.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 21 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
21 days late
2024
22 days late
2023
29 days late
2022
29 days late
2021
16 days late
2020
27 days late
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- PANDO HOLDING 66.67%equity €2.8m (2025) · 2025 annual accounts of PANDO HOLDING
- ENERGIRIS 33.33%equity €1.3m (2025) · 2025 annual accounts of ENERGIRIS
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0677570734
2 directors reappointed
BELPALME Michel and JONLET Christophe Pierre Raymond (managing director) · Permanent representative: JONLET Christophe Pierre Raymond · Legal-form conversion: from coöperatieve vennootschap met beperkte aansprakelijkheid to private limited company · General meeting of 14-11-2023 · Gazette deed
Resignation: Yves Lebbe (director)
Appointment: Michel Belpalme (director) · General meeting of 27-06-2023 · Gazette deed
Incorporation
published on 28-06-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| easyPV Woluwe-Saint-Pierre | €2.0m | €377,826 | 15.8% | 0 |
| KT WIND ZELE Sint-Gillis-Waas | €1.8m | €481,416 | 50.4% | 0 |
| Solar-Com Lommel | €2.8m | €787,456 | -15.9% | 0 |
| PANDO Woluwe-Saint-Pierre | €2.7m | €861,412 | 29.5% | 0 |
| CERICA SOLAR Brecht | €0.7m | €150,953 | 29.0% | 0 |
| EOLIENNES DE LORRAINE Arlon | €2.1m | €525,739 | 49.8% | 0 |
| Green Nature Energy Gistel | €3.6m | €514,428 | 28.2% | 0 |
These companies have the same main activity as easyPV: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €657,000 and €3.6m, founded between 2012 and 2021.
Official details
Source: KBO- Status
- Active since 26-06-2017Normal situation
- Registered office
- 83 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Production of electricity from non-renewable sourcesNACE 35110and 2 others
- Establishment unit
- 2.265.931.4801150 Woluwe-Saint-Pierre, since 26-06-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 09-01-2026
Insights on easyPV
easyPV files the abbreviated format. That format states no turnover. The gross margin rose from €169,768 in 2018 to €377,826 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets.
PANDO HOLDING holds 66.67% of the shares. In November 2023, the Official Gazette published the appointment of Christophe Jonlet as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about easyPV
- What is the company number of easyPV?
- The company number of easyPV is 0677.570.734. The VAT number is the same number with BE in front: BE 0677.570.734.
- Where is easyPV based?
- The registered office is at Tervurenlaan 412, 1150 Woluwe-Saint-Pierre.Company details
- What does easyPV do?
- According to the KBO register, the main activity is production of electricity from non-renewable sources (NACE 35110).
- What is the legal form of easyPV?
- easyPV is a private limited company (BV).
- When was easyPV founded?
- easyPV was founded on 26-06-2017.
- Is easyPV still active?
- Yes, easyPV is an active enterprise in the KBO register.
- What is the turnover of easyPV?
- The turnover in financial year 2025 is ≈ €890,000. This figure is estimated from the gross margin of €377,826 and 2,281 comparable companies of the same size. It probably lies between €540,000 and €1.5m. It is a rough estimate.Financials
- Is easyPV profitable?
- In financial year 2025, easyPV made a profit of €42,547.
- Where can I find the annual accounts of easyPV?
- easyPV filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of easyPV due?
- easyPV must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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