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ENERGIEWEST

Active
Private limited companyfounded 2018active for 8 yearsOostendesteenweg(FEER) 149, 8480 Ichtegem, BelgiumKBO/BCE: BE 0704.834.662

From the official registers: KBO 6 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

ENERGIEWEST has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €143,214. Equity has been growing by about 58% per year since 2019. Its solvency ranks better than 95% of 9,883 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

KBO
Status
Active since 20-09-2018 Normal situation
Activity
Installation of electric heating, air conditioning, cooling and ventilation NACE 43222and 2 others
Establishment unit
2.280.399.526 8480 Ichtegem, since 20-09-2018
Financial year end
30 September
Peppol
Reachable since 17-06-2025

Board and ownership

Board
  • PML INVEST BVDaily manager · permanent representative Pascal Hallumiez
  • Cécam Capital BVDirector · since 26-01-2026 · permanent representative Michäel Smolders
Shareholders

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 30-09-2025
Gross margin
€302,291
▼ 22.8%
Turnover
≈ €790,000
estimated
Profit
€143,214
▲ 126%
Equity
€1.3m
▼ 21.2%
Total assets
€1.5m
▼ 22.9%
Staff
1 FTE
▼ 65.5%
Filed on 31-03-2026, 30 days before the deadlinePDF
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 8.33, cash €517,374Equity €1.3m (89.8% of total assets)Figures for financial year 2025 (filed on 31-03-2026)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 65% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 89.8% of total assets
Liquidity 94+19
short-term debt 10.2% · cash 35.0%
Profitability 81+8
return on assets 9.7%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.2%▲ +0.1 percentage points vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025highest value 05-2025: 0.1%▼ -0.1 percentage points vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 8.33 (7.2 in 2024), above the usual 1.5. Short-term debt is 10.2% and cash 35% of total assets. 10.2% of the assets are financed with debt and provisions.
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 43, micro). It does better than 90% of them on solvency, 91% on liquidity, 61% on profitability and 17% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 8.33, cash €517,374
NBB · annual accounts
lowers risk · Equity €1.3m (89.8% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 31-03-2026)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
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 filings
Deviation from the deadline
2025
30 days early
2024
2 days early
2023
4 days early
2022
3 days early
2021
46 days early
2019
25 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 18 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 27 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end01-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Result rose in 2025from €63,341 to €143,214 ▲ 126% View
  • Positive: Higher solvency than 94% of companies in specialised constructionsector median 44.0% · 9,883 companies 89.8% View
  • New directorslatest change 06-02-2026 · 1 in office 2 joined View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • Positive: 6 profitable years in a rowprofit 2025: €143,214 6 years View

Comparable companies

These companies have the same main activity as ENERGIEWEST: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €936,000 and €1.7m, founded between 2016 and 2021.

CompanyTotal assetsGross margin
ENERGIEWEST Ichtegem€1.5m€0.3m
RS-Pro Aalter€1.5m€0.3m
Lamont Matthias BV Pittem€1.7m€0.5m
THOMAS CACKEBEKE Laarne€1.3m€0.4m
DE RIGO COOLING EQUIPMENT Rotselaar€1.0m€0.4m
DBL Concepts Ternat€1.1m€0.3m
PRIMEURS Avelgem€0.9m€0.2m
Full comparison

Documents

Annual accounts at the NBB

All 6 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about ENERGIEWEST

What is the company number of ENERGIEWEST?
The company number of ENERGIEWEST is 0704.834.662. The VAT number is the same number with BE in front: BE 0704.834.662.
Where is ENERGIEWEST based?
The registered office is at Oostendesteenweg(FEER) 149, 8480 Ichtegem.Company details
What does ENERGIEWEST do?
According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
What is the legal form of ENERGIEWEST?
The legal form of ENERGIEWEST is Private limited company (BV).
When was ENERGIEWEST founded?
ENERGIEWEST was founded on 20-09-2018.
Is ENERGIEWEST still active?
Yes, ENERGIEWEST is an active enterprise in the KBO register.
How many employees does ENERGIEWEST have?
ENERGIEWEST had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of ENERGIEWEST?
The turnover in financial year 2025 is ≈ €790,000. This figure is estimated from the gross margin of €302,291 and 45 comparable companies (NACE 432). It probably lies between €660,000 and €990,000.
Is ENERGIEWEST profitable?
In financial year 2025, ENERGIEWEST made a profit of €143,214.
Where can I find the annual accounts of ENERGIEWEST?
ENERGIEWEST filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of ENERGIEWEST due?
ENERGIEWEST must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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