EnergySwitch
ActiveEnergySwitch has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €434k and a net result of €44k. Equity is growing by ~22% per year across the filed fiscal years. Its solvency ranks better than 42% of 254 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability50▼-27
Solvency56▲+1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.7 in 2023), and 61% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
32 d early
2022
41 d early
2021
59 d early
2020
58 d early
2019
35 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€434k▼ 5.5%
2023 · €459k
2019: €137k
2020: €217k
2021: €293k
2022: €414k
2023: €459k
2019 → 2024
Total assets
€1.11M▼ 1.7%
2023 · €1.13M
2019: €278k
2020: €363k
2021: €1.07M
2022: €1.13M
2023: €1.13M
2019 → 2024
Net result
€44k▼ 38.1%
2023 · €70k
2019: €120k
2020: €80k
2021: €77k
2022: €136k
2023: €70k
2019 → 2024
Working capital
€-21k▼ 14.0%
2023 · €-19k
2019: €122k
2020: €205k
2021: €12k
2022: €143k
2023: €-19k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€217k-€293k▲ 35.2%€414k▲ 41.4%€459k▲ 11.0%€434k▼ 5.5%
Operating result€111k-€114k▲ 2.6%€204k▲ 79.5%€100k▼ 50.9%€71k▼ 29.6%
Net result€80k-€77k▼ 3.8%€136k▲ 76.8%€70k▼ 48.3%€44k▼ 38.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 30% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.11M
Fixed assets
€1.03M▼ 5.5%
Current assets
€83k▲ 95.2%
Equity and liabilities €1.11M
Equity
€434k▼ 5.5%
Debt
€679k▲ 0.9%
The debt ratio rises from 59.4% to 61.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€132k▼
2023 · €147k
Cash flow
€105k▼
2023 · €117k
Solvency
39.0%▼
2023 · 40.6%
Current ratio
0.80▲
2023 · 0.70
Quick ratio
0.80▲
2023 · 0.70
Debt / equity
1.57▲
2023 · 1.47
ROE
10.0%▼
2023 · 15.3%
ROA
3.9%▼
2023 · 6.2%
Interest coverage
15.76▼
2023 · 17.18
Debt
€679k▲
2023 · €673k
Debt ≤ 1 year
€105k▲
2023 · €61k
Debt > 1 year
€575k▼
2023 · €612k
Income taxes
€19k▼
2023 · €22k
Staff costs
€38k▲
2023 · €35k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.13M€1.11M▼
Fixed assets21/28€1.09M€1.03M▼
Tangible fixed assets22/27€1.09M€1.03M▼
Land and buildings22€1.04M€987k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€30k€26k▼
Leasing and similar rights25€20k€16k▼
Current assets29/58€43k€83k▲
Amounts receivable within one year40/41€29k€24k▼
Trade receivables40€19k€4k▼
Other amounts receivable41€10k€20k▲
Cash at bank and in hand54/58€14k€59k▲
Deferred charges and accrued income490/1€51€367▲
Equity and liabilities
Total equity and liabilities10/49€1.13M€1.11M▼
Equity10/15€459k€434k▼
Contributions10/11€19k€19k=
Reserves13€441k€415k▼
Distributable reserves133€441k€415k▼
Amounts payable17/49€673k€679k▲
Amounts payable after more than one year17€612k€575k▼
Financial debts170/4€612k€575k▼
Amounts payable within one year42/48€61k€105k▲
Current portion of amounts payable after more than one year42€37k€37k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€8k€8k▲
Taxes450/3€4k€3k▼
Remuneration and social security454/9€4k€5k▲
Other amounts payable47/48€15k€57k▲
Income statement
Code20232024
Remuneration, social security and pensions62€35k€38k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€61k▲
Other operating charges640/8€5k€5k▼
Gross operating margin9900€187k€174k▼
Operating profit (loss)9901€100k€71k▼
Financial income75/76B€343€275▼
Recurring financial income75€343€275▼
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€92k€63k▼
Income taxes67/77€22k€19k▼
Profit (loss) for the period9904€70k€44k▼
Profit (loss) for the period to be appropriated9905€70k€44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€70k€44k▼
Transfer from equity791/2-€69k
Transfer to equity691/2€45k€44k▼
To other reserves6921€45k€44k▼
Profit to be distributed694/7€25k€69k▲
Return on contributions (dividend)694€25k€69k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €44k ▼38.1%
Net result drops to €44k, the lowest in the series.
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €136k ▲76.8%
Operating result €204k, net result €136k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.71
Current ratio from 1.15 to 2.71.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €217k ▲57.7%
2 profitable years in a row build equity to €217k.
26-06
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
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tessenderlo-Ham · 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.
Voetsveld 293945 Tessenderlo-HamGround area
2,746 m²
Building footprint
257 m²
Volume, LiDAR
1,505 m³
Parcel 71046B0286/00T000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Voetsveld 29, 3945 Tessenderlo-Ham
since 20182.279.682.815
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71046B0286/00T000 | Flanders | 2,746 m² | 1 · 257 m² | 9.1 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.
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RS ENERGY GROUP
BE 0733.891.409
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WINDLOG
BE 0776.490.641
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Of 559 companies in sector 35150 we hold annual accounts for 225. 135 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-09-2018
Fiscal year end31-12
Activities, NACEBEL
35150Electricity, gas, steam and air conditioning supply
70200Business and other management consultancy
70220Business consulting
61100Wired, wireless and satellite telecommunications
61200Telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.