ENERGIEWEST
ActiveENERGIEWEST has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.33M and a net result of €143k. Equity is growing by ~58.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+8
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 8.33 against 7.2 in 2024; short-term debt: 10.2% and cash: 35% of total assets), and 10.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
89.8%
Return on assets
9.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
30 d early
2024
2 d early
2023
4 d early
2022
3 d early
2021
46 d early
2019
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.33M▼ 21.2%
2024 · €1.68M
2019: €114k
2021: €425k
2022: €911k
2023: €1.62M
2024: €1.68M
2019 → 2025
Total assets
€1.48M▼ 22.9%
2024 · €1.92M
2019: €283k
2021: €561k
2022: €2.14M
2023: €2.34M
2024: €1.92M
2019 → 2025
Net result
€143k▲ 126%
2024 · €63k
2019: €138k
2021: €361k
2022: €486k
2023: €860k
2024: €63k
2019 → 2025
Working capital
€1.10M▼ 23.2%
2024 · €1.44M
2019: €95k
2021: €238k
2022: €794k
2023: €1.35M
2024: €1.44M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€425k-€911k▲ 114%€1.62M▲ 78.0%€1.68M▲ 3.9%€1.33M▼ 21.2%
Operating result€449k-€635k▲ 41.2%€1.13M▲ 78.3%€100k▼ 91.2%€201k▲ 101%
Net result€361k-€486k▲ 34.4%€860k▲ 77.2%€63k▼ 92.6%€143k▲ 126%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 101% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.48M
Fixed assets
€224k▼ 9.2%
Current assets
€1.25M▼ 24.9%
Equity and liabilities €1.48M
Equity
€1.33M▼ 21.2%
Debt
€150k▼ 35.1%
The debt ratio falls from 12.1% to 10.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€251k▲
2024 · €150k
Cash flow
€193k▲
2024 · €114k
Solvency
89.8%▲
2024 · 87.9%
Current ratio
8.33▲
2024 · 7.20
Quick ratio
4.43▼
2024 · 5.83
Debt / equity
0.11▼
2024 · 0.14
ROE
10.8%▲
2024 · 3.8%
ROA
9.7%▲
2024 · 3.3%
Interest coverage
32.35▲
2024 · 10.37
Debt
€150k▼
2024 · €232k
Debt ≤ 1 year
€150k▼
2024 · €232k
Income taxes
€50k▲
2024 · €26k
Staff costs
€93k▼
2024 · €228k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.92M€1.48M▼
Fixed assets21/28€247k€224k▼
Intangible fixed assets21€49k€51k▲
Tangible fixed assets22/27€199k€173k▼
Land and buildings22€85k€75k▼
Plant, machinery and equipment23€26k€21k▼
Furniture and vehicles24€88k€50k▼
Other tangible fixed assets26-€27k
Current assets29/58€1.67M€1.25M▼
Stocks and contracts in progress3€316k€586k▲
Stocks30/36€316k€586k▲
Amounts receivable within one year40/41€938k€142k▼
Trade receivables40€149k€120k▼
Other amounts receivable41€789k€22k▼
Cash at bank and in hand54/58€403k€517k▲
Deferred charges and accrued income490/1€11k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.92M€1.48M▼
Equity10/15€1.68M€1.33M▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€1.68M€1.32M▼
Amounts payable17/49€232k€150k▼
Amounts payable within one year42/48€232k€150k▼
Current portion of amounts payable after more than one year42€84k-
Trade debts44€111k€127k▲
Suppliers440/4€111k€127k▲
Taxes, remuneration and social security45€31k€12k▼
Taxes450/3€14k€5k▼
Remuneration and social security454/9€18k€7k▼
Other amounts payable47/48€5k€12k▲
Income statement
Code20242025
Remuneration, social security and pensions62€228k€93k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€50k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-11k€-61k▼
Other operating charges640/8€25k€17k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€392k€302k▼
Operating profit (loss)9901€100k€201k▲
Financial income75/76B€4k€391▼
Recurring financial income75€4k€391▼
Financial charges65/66B€14k€8k▼
Recurring financial charges65€14k€8k▼
Profit (loss) for the period before taxes9903€89k€193k▲
Income taxes67/77€26k€50k▲
Profit (loss) for the period9904€63k€143k▲
Profit (loss) for the period to be appropriated9905€63k€143k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.68M€1.82M▲
Profit (loss) brought forward from the previous period14P€1.61M€1.68M▲
Profit to be distributed694/7-€500k
Return on contributions (dividend)694-€500k
Social balance
Average headcount (FTE)90872.91.0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €63k ▼92.6%
Net result drops to €63k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 7.20
Current ratio from 2.88 to 7.20; short-term debt falls from €718k to €232k.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2019net €860k ▲77.2%
Operating result €1.13M, net result €860k, both a record.
30-09
Financial
Equity above €1MEq €1.62M ▲78%
4 profitable years in a row build equity to €1.62M.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €500kEq €911k ▲114%
3 profitable years in a row build equity to €911k.
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €200kEq €425k ▲273%
2 profitable years in a row build equity to €425k.
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
26-04-2024
MIRANDA LUYPAERT: Resigned as Director
23-12-2020
huidige zaakvoerder: Resigned as Manager
Location & real-estate footprint
Registered office, Ichtegem · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oostendesteenweg(FEER) 1498480 IchtegemGround area
1,843 m²
Building footprint
75 m²
Volume, LiDAR
433 m³
Parcel 35003C0622/00S000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ENERGIEWEST
since 20182.280.399.526
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35003C0622/00S000 | Flanders | 1,843 m² | 1 · 75 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 4,575 EUR awarded · 4,575 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 75 EUR | 75 EUR |
| 2023 | 1 | 4,500 EUR | 4,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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Frameries · Eq €1.32M
SOCABELEC
BE 0435.985.801
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DEPREITERE & CO
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Koekelare · Eq €1.34M
Entreprises Servais
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Sprimont · Eq €1.34M
Of 22,826 companies in sector 43211 we hold annual accounts for 10,326. 3,887 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-09-2018
Fiscal year end30-09
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
77110Renting and leasing of cars and light motor vehicles
77393Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.