GRIDPOWER
ActiveSummary
GRIDPOWER has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-907k) and a net result of €-922k. Its solvency ranks better than 10% of 181 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes
Profitability5
Solvency14
Growth-
Track record67
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26; short-term debt: 22.4% and cash: 0.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-10.6%
Return on assets
-10.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€-907k
Total assets
€8.56M
Net result
€-922k
Working capital
€-1.43M
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €8.56M
Fixed assets
€8.07M
Current assets
€495k
Key figures and ratios
EBITDA
€-6k
Cash flow
€-368k
Solvency
-10.6%
Current ratio
0.26
Debt to equity
-10.44
ROA
-10.8%
Interest coverage
-0.02
Debt
€9.47M
Debt ≤ 1 year
€1.92M
Debt > 1 year
€7.18M
Filed annual accounts As filed with the NBB · 2025 · 32 lines
Balance sheet
Code2025
Assets
Total assets20/58€8.56M
Fixed assets21/28€8.07M
Tangible fixed assets22/27€8.07M
Plant, machinery and equipment23€8.07M
Current assets29/58€495k
Amounts receivable within one year40/41€54k
Other amounts receivable41€54k
Cash at bank and in hand54/58€11k
Deferred charges and accrued income490/1€430k
Equity and liabilities
Total equity and liabilities10/49€8.56M
Equity10/15€-907k
Contributions10/11€15k
Profit (loss) carried forward14€-922k
Amounts payable17/49€9.47M
Amounts payable after more than one year17€7.18M
Financial debts170/4€7.18M
Amounts payable within one year42/48€1.92M
Current portion of amounts payable after more than one year42€103k
Trade debts44€714k
Suppliers440/4€714k
Other amounts payable47/48€1.10M
Accrued charges and deferred income492/3€367k
Income statement
Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€554k
Other operating charges640/8€4k
Gross operating margin9900€-2k
Operating profit (loss)9901€-560k
Financial charges65/66B€363k
Recurring financial charges65€363k
Profit (loss) for the period before taxes9903€-922k
Profit (loss) for the period9904€-922k
Profit (loss) for the period to be appropriated9905€-922k
Appropriation of the result
Profit (loss) to be appropriated9906€-922k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €554k |
| Other operating charges640/8 | €4k |
| Gross operating margin9900 | €-2k |
| Operating profit (loss)9901 | €-560k |
| Financial charges65/66B | €363k |
| Recurring financial charges65 | €363k |
| Profit (loss) for the period before taxes9903 | €-922k |
| Profit (loss) for the period9904 | €-922k |
| Profit (loss) for the period to be appropriated9905 | €-922k |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €8.56M | |
| Fixed assets21/28 | €8.07M | |
| Tangible fixed assets22/27 | €8.07M | |
| Plant, machinery and equipment23 | €8.07M | |
| Current assets29/58 | €495k | |
| Amounts receivable within one year40/41 | €54k | |
| Other amounts receivable41 | €54k | |
| Cash at bank and in hand54/58 | €11k | |
| Deferred charges and accrued income490/1 | €430k | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €8.56M | |
| Equity10/15 | €-907k | |
| Contributions10/11 | €15k | |
| Profit (loss) carried forward14 | €-922k | |
| Amounts payable17/49 | €9.47M | |
| Amounts payable after more than one year17 | €7.18M | |
| Financial debts170/4 | €7.18M | |
| Amounts payable within one year42/48 | €1.92M | |
| Current portion of amounts payable after more than one year42 | €103k | |
| Trade debts44 | €714k | |
| Suppliers440/4 | €714k | |
| Other amounts payable47/48 | €1.10M | |
| Accrued charges and deferred income492/3 | €367k | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €-922k |
| + Depreciation and write-downs630 | €554k |
| Operating cash flow (approximation) | €-368k |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Kortemark
Ground area
9,057 m²
Building footprint
4,193 m²
Volume, LiDAR
32,795 m³
Parcel 32011D0771/00B000, Flanders · tallest building 8.7 m, ±3 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011D0771/00B000 | Flanders | 9,057 m² | 1 · 4,193 m² | 8.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
2 CLEVER
BE 0790.476.358
Harelbeke
A&U Energie
BE 0686.841.954
Oostrozebeke
AM-POWER
BE 0423.274.346
Pittem
ANICMA
BE 0789.259.504
Brugge
ARTOMA
BE 0692.950.380
Ardooie
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 814 companies in sector 35110 we hold annual accounts for 630. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-09-2024
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
Scores and ratios are computed by Checked and are not a credit decision.