Financials
- Financial year
- 2025
- Total assets
- €83.6m
- Loss
- -€2.3m
- Solvency
- -3.4%
Turnover▼ 27.8%
Net result
20182023
HARMIGNIES ENERGY STORAGE
ActiveSummary
HARMIGNIES ENERGY STORAGE has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2.8m) and a net result of -€2.3m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 349 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Production of electricity from non-renewable sources
NACE 35110
Largest company by total assets in Heusden-Zolder, Energy sector1 site
Size
≈ €2.2mturnover 2025, estimated
- Equity
- -€2.8m
- Loss
- -€2.3m
Turnover estimated from the gross margin
Structure
- Parent
- INNOTECH · 100%
- Patronale Life NVChair · permanent representative Filip Moeykens
- Energy Solutions Group NVManaging director · permanent representative Bert Creemers
- RENTFIN BVDirector · permanent representative Peggy Rentmeesters
Auditor: BV PwC Bedrijfsrevisoren2025 accounts 60 days early5 of 12 deeds summarised
Why 53raises riskCapped at 59: negative equityNegative equity -€2.8mLiquidity: current ratio 0.10, cash €1.3m, halvedlowers riskSize: total assets €83.6mFigures for financial year 2025 (filed 06-06-2026)Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 8% of its sector peers (NACE 35, large)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
22-2
equity -3.4% of total assets
Liquidity
36-17
short-term debt 35.5% · cash 1.6%
Profitability
22+5
return on assets -2.7%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%● unchanged vs 11-2024
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.6%▲ +0.1 percentage points vs 04-2025highest value
06-2025: 0.2%▼ -0.4 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.1%▼ -0.1 percentage points vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
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: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.1, compared with 0.55 in 2024, below 1; short-term debt: 35.5% and cash: 1.6% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 4% on solvency, 13% on liquidity, 15% on profitability and 2% on growth.
The bankruptcy probability was computed on 30-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2.8m
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 days early
2024
84 days early
2023
70 days early
2022
80 days early
2021
67 days early
2020
82 days early
2019
50 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 70 days before the deadline; the sector median (NACE 35) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
- Capital & shares · Resignations &…Permanent representatives: RUTTEN William and…
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€2.3m
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€2.8m View
- Risk: 3 loss-making years in a rowloss financial year 2025 -€2.3m View
- Caution: Result fell in 2025from -€708,744 to -€2.3m ▼ 223% View
- Caution: Among the weakest 5% on net resultsector median €18,982 · 349 companies -€2.3m View
- Controlled by INNOTECHultimately: PATRONALE LIFE 100% View
- Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View
- A director leftlatest change 07-10-2026 · 3 in office 1 left View
By topic
Board & ownership
- Board
- 3 members
- Parent
- INNOTECH · 100%
- Auditor
- BV PwC Bedrijfsrevisoren
- Patronale Life NVChair
- Energy Solutions Group NVManaging director
- RENTFIN BVDirector
Network & group
- Group
- PATRONALE LIFE
- Connected companies
- 3
Timeline
- Events
- 20
- Since
- 2014
- Next accounts
- by 31-07-2027
- 13-06-2025Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)
- 08-05-2025Annual accounts filed
- 22-05-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Production of electricity from non-renewable sourcesNACE 35110
- Founded
- 28-06-2013
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 12
- Annual meeting
- First Thursday of May at 13:00
Key facts about HARMIGNIES ENERGY STORAGE
- What is the company number of HARMIGNIES ENERGY STORAGE?
- 0536.237.180. In Belgium the VAT number is the company number with BE in front: BE 0536.237.180.
- Where is HARMIGNIES ENERGY STORAGE based?
- The registered office is at De Lange Beemden 14.1, 3550 Heusden-Zolder.Company details
- What does HARMIGNIES ENERGY STORAGE 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 HARMIGNIES ENERGY STORAGE?
- Public limited company (NV).
- When was HARMIGNIES ENERGY STORAGE founded?
- On 28-06-2013.
- Is HARMIGNIES ENERGY STORAGE still active?
- Yes, HARMIGNIES ENERGY STORAGE is an active enterprise in the KBO register.
- What is the turnover of HARMIGNIES ENERGY STORAGE?
- €70,216 in financial year 2023, according to the filed annual accounts.Financials
- Is HARMIGNIES ENERGY STORAGE profitable?
- In financial year 2025, HARMIGNIES ENERGY STORAGE made a loss of €2.3m.
- Where can I find the annual accounts of HARMIGNIES ENERGY STORAGE?
- HARMIGNIES ENERGY STORAGE filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HARMIGNIES ENERGY STORAGE due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to HARMIGNIES ENERGY STORAGE
Parent and group
- INNOTECH100%
- ENERGY SOLUTIONS GROUP100%
- INFRA ENERGY INVEST56.14%
Shareholders
Go further with this company
How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?PATRONALE LIFE · 64 companies How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.