Overdue debts
€14.4m on 30-04-2025
The annual accounts state €14.4m of overdue tax debts on 30-04-2025.
Greenpower Oostende
Lifetime
15 annual accounts with figures on one time axisTurnoverpeak €10.1m (2015)
€234,841
Resultlowest -€19.1m (2013)
€318,546▼ 98.5%
Equitypeak €29.1m (2025)
€29.1m▲ 1.1%
Debts
€15.1m▼ 4.5%
Staffpeak 0 FTE (2016)
-not published
Board7 names since 2016
1 directorSawrij Danny Steven
Owners6 names in the annual accounts
consolidatesLeo Group Holdings Ltd
Documentsfilings and deeds
02-12-20252 days late
2025financial year
Result from €20.6m to €318,546Appointment: VGD Bedrijfsrevisoren bv (statutory auditor) 31-07Cash from €2,663 to €4,538
Key points
from the 2025 annual accountsChecked score
67
Healthy
Financially stronger than 37% of large companies in electricity, gas and steam (NACE 35)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 54 companies (NACE 35, large).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.2%
01-2025: 2.5%▲ +0.3 percentage points vs 12-2024highest value
02-2025: 0.4%▼ -2.1 percentage points vs 01-2025lowest value
03-2025: 0.4%● unchanged vs 02-2025lowest value
04-2025: 0.4%● unchanged vs 03-2025lowest value
05-2025: 0.4%● unchanged vs 04-2025lowest value
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.6%▲ +0.1 percentage points vs 10-2025
12-2025: 0.8%▲ +0.2 percentage points vs 11-2025
01-2026: 0.6%▼ -0.2 percentage points vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.7%▲ +0.1 percentage points vs 09-2026
11-2026: 0.8%▲ +0.1 percentage points vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 2.85, cash €4,538
Last filed accounts filed 2 days late; 2 of the last 3 accounts late
Figures for financial year 2025 (filed on 05-12-2025)
lowers risk
Founded in 2009
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, large). It does better than 85% of them on solvency, 11% on liquidity, 4% on profitability and 47% 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 30-04-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 133 companies had the same profile as Greenpower Oostende has now. Each dot is one company, two years later.
91.7%
were still trading
8.3%
stopped another way
0.0%
went bankrupt
The bankruptcy probability of Greenpower Oostende itself is higher: 0.8% within 12 months. It rests on far more data about Greenpower Oostende 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 133 companies, not a prediction for Greenpower Oostende. 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 €23,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.85 (2.84 in 2024), above the usual 1.5. Short-term debt is 33.1% and cash 0% of total assets. 34.3% 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
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €29.1m
raises risk · 2025 accounts filed 2 days late
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 02-12-2025, 2 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 · 9 filingsDeviation from the deadline
2025
2 days late
2024
34 days late
2023
on the day
2022
12 days late
2021
10 days late
2020
3 days early
2019
139 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 28 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 financial year that closed on 30-04-2026 is due by 30-11-2026. Nothing is late today. The company usually files around 10 December (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
30-04-2026 year end05-11-2026 today30-11-2026 deadline
Board and ownership
- Biopower Holding SA 100%annual accounts 30-04-2024
- Leo Group Holdings Ltd consolidatesannual accounts 30-04-2025
Recent changes
Appointment: VGD Bedrijfsrevisoren bv (statutory auditor)
Permanent representative: Tina Burm · Gazette deed
Appointment: Peter Constant (day-to-day manager and director)
Board meeting of 2023-08 · Gazette deed
1 director appointed, 2 resignations
Resignations: LDS and Powar Manjit Singh · Appointment: Sawrij Danny Steven (director) · Director discharge: LDS · General meeting of 29-03-2022 · Gazette deed
1 director appointed, 2 reappointments
Reappointments: LDS and Danny Steven Sawrij · Permanent representative: Luc Desender · Appointment: Danny Steven Sawrij (managing director) · Board meeting of 01-12-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| Greenpower Oostende Ostend | €0.2m | - | 65.7% | - |
| ASPIRAVI ANTILLEN Kortrijk | €0.2m | - | 88.6% | - |
| ASPIRAVI OFFSHORE Kortrijk | €0.6m | -22.2% | 85.8% | - |
| COOPERATIVE POUR LES ENERGIES DU FUTUR Leuze-en-Hainaut | €0.3m | - | 86.7% | 6.8 |
| ELECTRAWINDS DISTRIBUTIE Ostend | €0.08m | - | 5.9% | - |
| Beauvent Ostend | - | - | 65.6% | 11.5 |
| BIO-ENERGY Hasselt | €1.8m | 39.5% | 87.3% | - |
These companies have the same main activity as Greenpower Oostende: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €9.2m and €132m, founded between 2000 and 2016.
Official details
Source: KBO- Status
- Active since 09-04-2009Normal situation
- Activity
- Production of electricity from non-renewable sourcesNACE 35110and 3 others
- Establishment unit
- 2.177.781.2468400 Ostend, since 15-04-2009
- Financial year end
- 30 April
- Peppol
- Reachable
Insights on Greenpower Oostende
Greenpower Oostende has existed since 2009. Turnover fell from €10.1m in 2015 to €207,707 in 2016.
Biopower Holding SA holds all the shares. In October 2023, the Official Gazette published the appointment of Peter Constant 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 Greenpower Oostende
- What is the company number of Greenpower Oostende?
- The company number of Greenpower Oostende is 0811.148.840. The VAT number is the same number with BE in front: BE 0811.148.840.
- Where is Greenpower Oostende based?
- The registered office is at Solvaylaan 9, 8400 Ostend.Company details
- What does Greenpower Oostende 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 Greenpower Oostende?
- Greenpower Oostende is a public limited company (NV).
- When was Greenpower Oostende founded?
- Greenpower Oostende was founded on 09-04-2009.
- Is Greenpower Oostende still active?
- Yes, Greenpower Oostende is an active enterprise in the KBO register.
- What is the turnover of Greenpower Oostende?
- The turnover of Greenpower Oostende was €234,841 in financial year 2025, according to the filed annual accounts.Financials
- Is Greenpower Oostende profitable?
- In financial year 2025, Greenpower Oostende made a profit of €318,546.
- Where can I find the annual accounts of Greenpower Oostende?
- Greenpower Oostende filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Greenpower Oostende due?
- Greenpower Oostende must file the annual accounts for financial year 2026 by 30-11-2026.Timeline
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