Equity
€766,960 ▲ 6.8%
Ed. Proj. Iota paid out €80,000 in dividends. That is 62% of the 2025 profit.
Ed. Proj. Iota
Lifetime
17 annual accounts with figures on one time axispeak €1.4m (2018)
€1.1m▲ 34.3%
lowest -€170,458 (2012)
€128,581▲ €221,101
peak €810,899 (2023)
€766,960▲ 6.8%
€3.7m▼ 12.5%
Board10 names since 2019
4 directorsEnergy Solutions Group NV and 3 others
Owners5 names in the annual accounts
100%PATRONALE SOLAR and 1 other
Documentsfilings and deeds
21-05-202671 days before the deadline
2025abbreviated format
Turnover from €1.2m to €1.5mGross margin from €826,714 to €1.1mBack to profit: €128,581Reappointment: EY Bedrijfsrevisoren BV (statutory auditor) 23-07Dividend €80,000Cash from €695,360 to €1.2m
Key points
from the 2025 annual accountsResult
€128,581 €128,581
Back in profit in 2025, after a loss of €92,520 in 2024.
Debts
€3.7m 83% of the balance sheet
Financial debts 8%Suppliers 6%Taxes and wages 0%Other 86%
€1.1m of the debts are secured on the company's own assets. In 2021 that was €4.5m.
Investments
€27,142 0.0 × depreciation
Green is investment, beige is depreciation.
Payment terms
228 days to suppliers
Ed. Proj. Iota pays its suppliers 229 days earlier than in 2024. Customers pay 65 days earlier.
Filings
17 annual accounts since 2009
The 2018 accounts came 5 days late. The other nine of the last ten were filed on time.
Checked score
94
Excellent
Financially stronger than 52% of small companies in electricity, gas and steam (NACE 35)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 253 companies (NACE 35, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: 0.1%▲ +0.1 percentage points 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 04-2026highest value
06-2026: < 0.1%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Equity €766,960 (17.1% of total assets)
lowers risk
Size: turnover €1.5m, total assets €4.5m
Founded in 2008
Figures for financial year 2025 (filed on 28-05-2026)
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, small). It does better than 33% of them on solvency, 25% on liquidity, 76% on profitability and 71% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 4,107 companies had the same profile as Ed. Proj. Iota has now. Each dot stands for 11 companies, two years later.
97.9%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Ed. Proj. Iota itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 4,107 companies, not a prediction for Ed. Proj. Iota. 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 €70,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.4 (0.35 in 2024), below 1. Short-term debt is 75.9% and cash 26.6% of total assets. 82.9% 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
Five signals.
lowers riskraises riskneutral
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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 days early
2024
51 days early
2023
70 days early
2022
66 days early
2021
19 days early
2020
54 days early
2019
53 days early
← 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 55 days before 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
RB
RENTFIN BV
Director, Peggy Rentmeesters, since 04-05-2023
- PATRONALE SOLAR 100%score 67equity €10.5m (2025) · annual accounts 2025
Recent changes
New statutory auditor
PwC Bedrijfsrevisoren BV appointed, EY Bedrijfsrevisoren BV resigned · Permanent representatives: Frederik Jansen and William Rutten · Director discharge: EY Bedrijfsrevisoren BV (statutory auditor) · General meeting of 23-04-2026 · Gazette deed
Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)
General meeting of 04-06-2025 · Gazette deed
3 directors appointed, 4 resignations
Resignations: Bert Creemers, Patronale Group NV, Manage.O.N.s SRL and Diederik Baeté · Permanent representatives: Werner Van Walle, Olivier Nokerman, Bert Creemers, Peggy Rentmeesters and Filip Moeykens · Appointments: Energy Solutions Group NV (managing director), Rentfin BV and Patronale Life NV (chair of the board) · General meeting of 04-05-2023 · Gazette deed
Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)
General meeting of 28-04-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Ed. Proj. Iota Heusden-Zolder | €4.5m | €1.1m | 17.1% | - |
| VANHEEDE WINDPOWER Quévy | €5.6m | €1.0m | 28.6% | - |
| KVNRG Tournai | €3.6m | €1.2m | 21.1% | - |
| Greenfrun Dentergem | €5.8m | €1.1m | 75.3% | - |
| BIOSPACE Gesves | €4.1m | €1.0m | 36.2% | - |
| SolarPulse Sint-Martens-Latem | €3.7m | €1.2m | 1.9% | - |
| Biogas - Boonen Meerhout | €4.5m | €0.7m | 4.1% | 1 |
These companies have the same main activity as Ed. Proj. Iota: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €3.6m and €5.8m, founded between 2007 and 2009.
Official details
Source: KBO- Status
- Active since 26-06-2008Normal situation
- Registered office
- 41 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Production of electricity from non-renewable sourcesNACE 35110and 2 others
- Establishment unit
- 2.194.287.5773550 Heusden-Zolder, since 26-06-2008
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €4.5m▼ 9.7%
- Filing
- Filed on 21-05-2026, 71 days before the end of the filing period
Companies linked to Ed. Proj. Iota
Parent and group
Insights on Ed. Proj. Iota
Ed. Proj. Iota files the abbreviated format. That format states no turnover. The gross margin rose from €558,202 in 2009 to €1.1m in 2025.
The balance sheet grew most from 2017 to 2018 through fixed assets, financed with long-term debt.
PATRONALE SOLAR holds all the shares. In May 2023, four directors stepped down. In June 2023, the Official Gazette published the appointment of Energy Solutions Group NV 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 Ed. Proj. Iota
- What is the company number of Ed. Proj. Iota?
- The company number of Ed. Proj. Iota is 0898.962.643. The VAT number is the same number with BE in front: BE 0898.962.643.
- Where is Ed. Proj. Iota based?
- The registered office is at De Lange Beemden 14.1, 3550 Heusden-Zolder.Company details
- What does Ed. Proj. Iota 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 Ed. Proj. Iota?
- Ed. Proj. Iota is a public limited company (NV).
- When was Ed. Proj. Iota founded?
- Ed. Proj. Iota was founded on 26-06-2008.
- Is Ed. Proj. Iota still active?
- Yes, Ed. Proj. Iota is an active enterprise in the KBO register.
- What is the turnover of Ed. Proj. Iota?
- The turnover of Ed. Proj. Iota was €1.5m in financial year 2025, according to the filed annual accounts.Financials
- Is Ed. Proj. Iota profitable?
- In financial year 2025, Ed. Proj. Iota made a profit of €128,581.
- Where can I find the annual accounts of Ed. Proj. Iota?
- Ed. Proj. Iota filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Ed. Proj. Iota due?
- Ed. Proj. Iota must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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