Summary
EMISSIONS ZERO has a registered holding activity and consists mainly of financial fixed assets. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €7.9m and a net result of €102,481. Equity has been growing by about 10% per year since 2018. Its solvency ranks better than 93% of 349 sector peers (NACE 35, financial year 2025). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-03-2007 Normal situation
- Registered office
- 33 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- Electricity, gas, steam and air conditioning supply NACE 35120and 5 others
- Establishment units
- 3 establishment units
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Board and ownership
- Holdings
- Shares in 10 companies including MOULIN DU BOIS DE LA HUTTE and OCHAIN ENERGIE
Financial position
- Gross margin
- €97,476
- Turnover
- ≈ €270,000
- estimated
- Profit
- €102,481
- ▼ 66.3%
- Equity
- €7.9m
- ▲ 12.0%
- Total assets
- €8.8m
- ▲ 2.7%
- Employees on 31-12-2025
- 1
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
The company filed its last 7 accounts on average 26 days before 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)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 17-06-2026 at the NBB all 19 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €131,869, smaller than the loss of €257,730 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Electricity, gas, steam and air conditioning supply (NACE 35). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
- 2025 Net result -66% on 2024. The accounts now follow the abbreviated format, last year the full format.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | - | 1 |
| full-time | - | - | 1 |
| part-time | 1 | - | - |
| in full-time equivalents | 0.8 | - | 1 |
| Average over the year, in full-time equivalents | - | 1 | 1 |
| On a permanent contract | 1 | - | 1 |
| Joined | 2 | 3 | - |
| Left | 2 | 3 | - |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €395,917 | €1,348 | €1,300 | €189,406 | €307,552 |
| Intangible fixed assets | - | €22,108 | €93,541 | €21,011 | €17,527 |
| Financial fixed assets | €192,811 | €1.6m | €308,600 | €651,736 | €659,250 |
| Depreciation and write-downs of the year | €106,230 | €106,315 | €106,531 | €118,205 | €164,205 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as EMISSIONS ZERO: electricity, gas, steam and air conditioning supply (NACE 35120). They are comparable in size and age: total assets between €4.8m and €14m, founded between 2000 and 2014.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| EMISSIONS ZERO Namur | 2007 | €8.8m | €7.9m | €0.1m | €0.1m | - | 2025 |
| Retail Park Aalst Sint-Joost-ten-Node | 2008 | €7.8m | €2.5m | €0.9m | €0.2m | - | 2025 |
| COURANT D'AIR Bütgenbach | 2009 | €13.5m | €10.0m | €0.9m | €0.2m | 4.1 | 2025 |
| FORTECH Sint-Gillis-Waas | 2000 | €13.6m | €7.4m | €1.1m | €0.1m | 2.9 | 2025 |
| WAL-VENT Liège | 2014 | €4.8m | €1.9m | €0.4m | €0.1m | - | 2025 |
| WAL'EOL Liège | 2014 | €4.9m | €1.5m | €0.5m | €0.2m | - | 2025 |
| EnerGent Gent | 2013 | €8.2m | €5.8m | €1.4m | €0.1m | 11.6 | 2025 |
They were chosen from the 47 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €132,046 | €194,195 | €142,782 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €2,563 | €5,909 | €77 | €27,987 | ▲ 363× |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €105,766 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €16,525 | €54,897 | €39,129 | €64,956 | ▲ 66.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,020 | €80,248 | €89,210 | €106,230 | €106,315 | €106,531 | €118,205 | €164,205 | ▲ 38.9% |
| Other operating charges640/8 | - | - | - | €868 | €971 | €960 | €1,949 | €88 | ▼ 95.5% |
| Non-recurring operating charges66A | - | - | - | - | €60 | €206 | €765 | €95 | ▼ 87.5% |
| Gross operating margin9900 | €8,080 | €24,838 | €126,116 | €37,017 | €40,279 | €17,730 | -€97,681 | €97,476 | - |
| Operating profit (loss)9901 | -€42,808 | -€56,278 | €36,139 | -€70,081 | -€83,592 | -€144,865 | -€257,730 | -€131,869 | ▲ 48.8% |
| Financial income75/76B | - | - | - | €344,605 | €151,440 | €385,463 | €584,362 | €404,486 | ▼ 30.8% |
| Recurring financial income75 | €48,880 | €125,043 | €275,389 | €344,605 | €151,440 | €385,463 | €584,362 | €404,486 | ▼ 30.8% |
| Financial charges65/66B | - | - | - | €6,978 | €17,666 | €11,025 | €22,265 | €168,042 | ▲ 655% |
| Recurring financial charges65 | €3,891 | €6,118 | €7,361 | €6,978 | €17,444 | €11,025 | €22,265 | €168,042 | ▲ 655% |
| Non-recurring financial charges66B | - | - | - | - | €222 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €2,181 | €62,647 | €315,024 | €267,547 | €50,181 | €229,574 | €304,368 | €104,575 | ▼ 65.6% |
| Income taxes67/77 | - | - | - | - | €3,164 | €51 | €507 | €2,094 | ▲ 313% |
| Profit (loss) for the period9904 | €2,181 | €62,647 | €315,024 | €267,547 | €47,018 | €229,523 | €303,860 | €102,481 | ▼ 66.3% |
| Profit (loss) for the period to be appropriated9905 | €2,181 | €62,647 | €315,024 | €267,547 | €47,018 | €229,523 | €303,860 | €102,481 | ▼ 66.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.5m | €5.0m | €5.3m | €5.9m | €7.6m | €7.7m | €8.6m | €8.8m | ▲ 2.7% |
| Fixed assets21/28 | €3.1m | €3.9m | €4.2m | €4.7m | €6.2m | €6.5m | €7.0m | €7.4m | ▲ 6.4% |
| Intangible fixed assets21 | - | - | - | - | €0.02m | €0.1m | €0.1m | €0.2m | ▲ 12.8% |
| Tangible fixed assets22/27 | €0.6m | €0.7m | €0.8m | €1.1m | €1.0m | €0.9m | €0.9m | €1.1m | ▲ 15.4% |
| Land and buildings22 | - | - | - | €0.7m | €0.6m | €0.5m | €0.4m | €0.5m | ▲ 38.3% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0.5m | €0.6m | ▲ 0.4% |
| Furniture and vehicles24 | - | - | - | €0.004m | €0.002m | €0.002m | €0.003m | €0.001m | ▼ 60.6% |
| Assets under construction and advance payments27 | - | - | - | €0.4m | €0.4m | €0.4m | - | - | - |
| Financial fixed assets28 | €2.6m | €3.2m | €3.5m | €3.7m | €5.2m | €5.5m | €5.9m | €6.2m | ▲ 4.8% |
| Current assets29/58 | €1.3m | €1.1m | €1.0m | €1.2m | €1.4m | €1.2m | €1.6m | €1.4m | ▼ 13.2% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.07m | €0.5m | €0.3m | €0.5m | €0.3m | €0.3m | ▼ 7.9% |
| Trade receivables40 | - | - | - | €0.03m | €0.05m | €0.2m | €0.08m | €0.05m | ▼ 34.0% |
| Other amounts receivable41 | - | - | - | €0.4m | €0.2m | €0.3m | €0.2m | €0.2m | ▲ 2.4% |
| Current investments50/53 | €1.0m | €0.4m | €0.2m | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.08m | €0.3m | €0.6m | €0.6m | €1.0m | €0.4m | €0.9m | €0.8m | ▼ 9.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.2m | €0.3m | €0.4m | €0.3m | ▼ 24.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.5m | €5.0m | €5.3m | €5.9m | €7.6m | €7.7m | €8.6m | €8.8m | ▲ 2.7% |
| Equity10/15 | €4.1m | €4.3m | €4.6m | €4.9m | €6.6m | €6.8m | €7.1m | €7.9m | ▲ 12.0% |
| Contributions10/11 | €3.7m | €3.9m | €4.1m | €4.2m | €6.0m | €6.1m | €6.3m | €7.2m | ▲ 13.8% |
| Reserves13 | €0.4m | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | €0.4m | €0.4m | ▼ 13.9% |
| Non-distributable reserves130/1 | - | - | - | €0.4m | €0.3m | €0.3m | €0.4m | €0.4m | ▼ 13.9% |
| Reserves not available under the articles1311 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Other1319 | - | - | - | €0.3m | €0.3m | €0.3m | €0.4m | €0.3m | ▼ 16.0% |
| Profit (loss) carried forward14 | €0.05m | €0.05m | €0.1m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 14.5% |
| Investment grants15 | - | - | - | - | - | - | - | €0.08m | - |
| Amounts payable17/49 | €0.4m | €0.6m | €0.6m | €1.0m | €1.0m | €0.9m | €1.5m | €0.9m | ▼ 41.0% |
| Amounts payable after more than one year17 | €0.2m | €0.5m | €0.4m | €0.7m | €0.6m | €0.5m | €0.5m | €0.4m | ▼ 2.5% |
| Financial debts170/4 | - | - | - | €0.7m | €0.6m | €0.5m | €0.5m | €0.4m | ▼ 2.5% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | €1.0m | €0.4m | ▼ 57.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.09m | €0.09m | €0.7m | €0.1m | ▼ 85.9% |
| Trade debts44 | €0.02m | €0.006m | €0.01m | €0.02m | €0.07m | €0.03m | €0.1m | €0.05m | ▼ 55.6% |
| Suppliers440/4 | - | - | - | €0.02m | €0.07m | €0.03m | €0.1m | €0.05m | ▼ 55.6% |
| Advances received on contracts in progress46 | - | - | - | - | - | €0.006m | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.07m | €0.05m | €0.06m | €0.08m | ▲ 49.6% |
| Taxes450/3 | - | - | - | €0.04m | €0.07m | €0.05m | €0.06m | €0.08m | ▲ 49.6% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 12.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.006m | - | €0.001m | €0.001m | €0.001m | ▲ 2.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.002m | €0.06m | €0.3m | €0.3m | €0.05m | €0.2m | €0.3m | €0.1m | ▼ 66.3% |
| + Depreciation and write-downs630 | €0.05m | €0.08m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 38.9% |
| Operating cash flow (approximation) | €0.05m | €0.1m | €0.4m | €0.4m | €0.2m | €0.3m | €0.4m | €0.3m | ▼ 36.8% |
| Investment in fixed assets (approximation) | - | -€0.8m | -€0.4m | -€0.6m | -€1.6m | -€0.4m | -€0.6m | -€0.6m | ▼ 6.0% |
| Change in cash | - | €0.2m | €0.3m | -€0.004m | €0.4m | -€0.5m | €0.5m | -€0.09m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-06-2026 | 2026-00185317 | NBB |
| 31-12-2024 | full format | 11-06-2025 | 2025-00136805 | |
| 31-12-2023 | full format | 11-06-2024 | 2024-00135029 | |
| 31-12-2022 | full format | 07-06-2023 | 2023-00114593 | |
| 31-12-2021 | full format | 25-08-2022 | 2022-20325938 | |
| 31-12-2020 | full format | 15-06-2021 | 2021-21100105 | |
| 31-12-2019 | full format | 08-09-2020 | 2020-51700052 | |
| 31-12-2018 | full format | 18-06-2019 | 2019-20200526 | |
| 31-12-2017 | full format | 09-07-2018 | 2018-29800468 | |
| 31-12-2016 | full format | 29-06-2017 | 2017-22800201 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 08-02-2024 Converted to unavailable equity · €18,720
- 08-02-2024 Converted to unavailable equity · €18,720
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Alain Kisiel |
|
| Lucas GOSSIAUX |
|
| Michel Mahiat |
|
| Gaetan Scharzbaum |
|
| Thierry Laureys |
|
| Elodie Belleflamme |
|
| Philippe Bohyn |
|
| Xavier Gillon |
|
| Dimitris Stamatoukos |
|
| Joseph François |
|
| Marc Installé |
|
| Jean Pilliez |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Quatre ans renouvelable, TITRE IV. ADMINISTRATION ET SURVEILLANCE.”
Articles of association, deed of 08-02-2024 (in French)
Network & group
Holdings and subsidiaries
10 holdingsHoldings 10
Source for every holding own accounts 2025
-
90%
- OCHAIN ENERGIEsubsidiaryEquity €1.3mResult €398,32263.79%
- Equity €1.1mResult €416,65849.95%
- Equity €78,000Result €28,40237.5%
- Equity €141,704Result -€3,45033.11%
- Equity €134,974Result €86,38327.35%
- Equity €1.4mResult €246,14625%
- Equity €300,000Result -€119,89814%
- Equity €1.5mResult €136,00711.14%
- Equity €9.4mResult -€1.1m4.06%
Board mandates elsewhere
2 board mandatesConnections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
01-10
Gazette deed
Resignation: Xavier Gillon (director)Reappointments: Lucas Gossiaux (director) and Alain Kisiel (director) · Appointments: Elodie Belleflamme (director) and Philippe Bohyn (director)6 points ▸
- General meeting, 30-05-2026
- Director resignation, Xavier Gillon (director)
- Director reappointment, Lucas Gossiaux (director)
- Director reappointment, Alain Kisiel (director)
- Director appointment, Elodie Belleflamme (director)
- Director appointment, Philippe Bohyn (director)
05-11
Gazette deed
Appointment: Thierry Laureys (director)Resignations: Dimitris Stamatoukos (director) and Xavier Gillon (director)11 points ▸
- General meeting, 17-05-2025
- Director appointment, Thierry Laureys (director)
- Board meeting, 02-06-2025
- Director resignation, Dimitris Stamatoukos (director)
- Board meeting, 01-09-2025
- Director resignation, Xavier Gillon (director)
- Board composition, Gaetan Scharzbaum (chair)
- Board composition, Alain Kisiel (director)
- Board composition, Thierry Laureys (director)
- Board composition, Lucas Gossiaux (director)
- Board composition, Michel Mahiat (director)
02-07
Gazette deed
Resignations: Joseph François (director) and Marc Installé (director)Appointments: Xavier Gillon (director) and Gaetan Scharzbaum (director)11 points ▸
- General meeting, 25-05-2024
- Director resignation, Joseph François (director)
- Director resignation, Marc Installé (director)
- Director appointment, Xavier Gillon (director)
- Director appointment, Gaetan Scharzbaum (director)
- Board composition, Gaetan Scharzbaum (chair)
- Board composition, Alain Kisiel (director)
- Board composition, Dimitris Stamatoukos (director)
- Board composition, Lucas Gossiaux (director)
- Board composition, Michel Mahiat (director)
- Board composition, Xavier Gillon (director)
17-04
Gazette deed
Appointment: Michel Mahiat (director)9 points ▸
- General meeting, 24-11-2023
- Director appointment, Michel Mahiat (director)
- Board composition, Marc Installé (director)
- Board composition, Joseph François (director)
- Board composition, Gaetan Schwarzbaum (director)
- Board composition, Alain Kisiel (director)
- Board composition, Dimitris Stamatoukos (director)
- Board composition, Lucas Gossiaux (director)
- Board composition, Michel Mahiat (director)
08-02
Gazette deed
Purpose · Amendment of the articles · Legal-form changeLegal-form conversion · Capital conversion · Declaration9 points ▸
- General meeting, 24-11-2023
- Legal-form conversion, “Société coopérative agréée entreprise sociale” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles, mentioned 4 times in the deed
- Other provision, “dispense de lecture du rapport justifiant modification objet, organe d’administration” (deed in French)
- Declaration, “coopérateurs, dispense de reproduction textuelle du rapport” (deed in French)
- Purpose change
- Capital conversion, “compte de capitaux propres indisponible” (deed in French)
- Power of attorney, mentioned 2 times in the deed
Show earlier events
28-06
Gazette deed
Appointments: Alain Kisiel, Dimitris Stamatoukos and Lucas GossiauxResignation: Jean Pilliez (director)12 points ▸
- General meeting, 14-05-2022
- Director appointment, Alain Kisiel (director)
- Director appointment, Dimitris Stamatoukos (director)
- Director appointment, Lucas Gossiaux (director)
- Director resignation, Jean Pilliez (director)
- Board composition, Joseph Francois (director)
- Board composition, Marc Installé (director)
- Board composition, Gaetan Schwarzbaum (director)
- Board composition, Xavier Gillon (director)
- Board composition, Alain Kisiel (director)
- Board composition, Dimitris Stamatoukos (director)
- Board composition, Lucas Gossiaux (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202511 activities
- La production d'électricité issue de sources renouvelables ;
- La production de chaleur issue de sources renouvelables ;
- L’autoconsommation de l’énergie renouvelable produite par sa ou ses installation(s),le cas échéant après stockage,sur le lieu d’implantation de sa ou de ses installations de production ;
- Le partage entre ses participants de l’énergie renouvelable produite,soit par les installations dont elle est propriétaire,soit par les installations sur lesquelles elle dispose d’un droit de jouissance,soit par les installations en autoproduction détenues par ses membres avec injection sur le réseau ;
- La pratique de l’agrégation ;
- La participation à des services de flexibilité ;
- Le stockage de tout ou partie de l’électricité renouvelable issue du réseau ou qu’elle a elle-même produite ;
- La fourniture des services de recharge pour véhicules électriques ;
- La fourniture de services liés à l’efficacité énergétique ou d’autres services énergétiques ;
- Le traitement des eaux,des déchets solides organiques ou non ;
- Et toute opération se rattachant directement ou indirectement à la réalisation de l'objet ainsi défini
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Licences in the Official Gazette
3 publications · 2 kindsSites & property
3 establishment units
Buildings and parcels at the addresses
3 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 93015F0448/00R002 | Wallonia | 5.1 ha | 1 · 392 m² | - |
| 92117A0422/00L002 | Wallonia | 1,407 m² | 1 · 359 m² | 12.8 m · 3 |
| 92094B0121/00Y002indicative | Wallonia | 174 m² | - | - |