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IZEN ENERGY SYSTEMS

Active
Public limited companyfounded 1997active for 28 yearsPoederleesteenweg 94, 2460 Kasterlee, BelgiumKBO/BCE: BE 0461.969.032
Summary

IZEN ENERGY SYSTEMS has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.6m and a net result of €1.4m. Equity remains stable across the filed financial years (±2.1% per year). Its solvency ranks better than 56% of 382 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28250Construction of utility projects for electricity and telecommunications NACE 42220
3rd largest company by total assets in Kasterlee, Manufacturing sector4 sites
Size
€43.5mturnover 2025
Staff
57.3 FTE
Equity
€10.6m
Profit
€1.4m
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
VINCI ENERGIES BELGIUM · 100%
Auditor: EY BedrijfsrevisorenAccounts 30 days early9 of 28 deeds read
Why 96raises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 2.01, cash €18.8mSize: turnover €43.5m, 57.3 FTE, total assets €24.0mFounded in 1997Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 65% of its sector peers (NACE 28, medium-sized)
Financial strength · tick = 2024
Strong
Solvency 69-3
equity 44.3% of total assets
Liquidity 76+48
short-term debt 48.9% · cash 78.5%
Profitability 62+4
return on assets 5.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (101 companies, NACE 28, medium-sized)
Last 24 months 11-2024: 0.7% 12-2024: 0.7%● unchanged vs 11-2024 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025 07-2025: 0.8%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.2%▼ -0.6 percentage points 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: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.3%▲ +0.1 percentage points vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.1%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €1,000,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.01, compared with 2.17 in 2024, above the usual 1.5; short-term debt: 48.9% and cash: 78.5% of total assets), but 55.7% of the assets are financed with debt and provisions.
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 28, medium-sized): better than 64% on solvency, 96% on liquidity, 51% on profitability and 50% on growth.

The bankruptcy probability was computed on 16-10-2026 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).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Liquidity: current ratio 2.01, cash €18.8m
NBB · annual accounts
lowers risk · Size: turnover €43.5m, 57.3 FTE, total assets €24.0m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1997
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 days early
2024
23 days early
2023
30 days early
2022
18 days early
2021
100 days late
2020
4 days late
2019
15 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 2 days before the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% 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 8 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
17-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Registered officeRegistered-office move · Director in…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Capital & shares · Amendment of…Capital contribution · Capital increase…

Key points

  • Positive: Result rose in 2025from €794,113 to €1.4m ▲ 75.9% View
  • Positive: 3rd largest company by total assets in Kasterlee, Manufacturing sectorin the Checked rankings No. 3 View
  • Controlled by VINCI ENERGIES BELGIUMultimately: VINCI ENERGIES S.A. 100% View
  • Restructuring with CEGELEC INFRA TECHNICSrestructuring on 01-01-2026 2026 View
  • New directorlatest change 01-01-2026 · 3 in office 1 joined View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

By topic

Financials

Financial year
2025
Turnover
€43.5m
Profit
€1.4m
Solvency
44.3%
Turnover▲ 10.1%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Parent
VINCI ENERGIES BELGIUM · 100%
Auditor
EY Bedrijfsrevisoren
  • Eddy VandersmissenDirector
  • Edwin SamynDirector
  • Yannick HeylenDirector
Go to Board & ownership

Network & group

Group
VINCI ENERGIES S.A.
Connected companies
16
Mergers and asset contributions
1
Go to Network & group

Timeline

Events
41
Since
1999
Next accounts
by 31-07-2027
  1. 18-02-2026Appointment: Yannick Heylen (director)
  2. 20-01-2026Capital & shares · Purpose · Restructuring
  3. 17-11-2025Restructuring
Go to Timeline

Company details

Sites
4
Legal form
Public limited company
Activity
Manufacture of machinery and equipment not elsewhere classifiedNACE 28250
Founded
25-11-1997
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
3
Who signs
Two directors jointly
Purpose
“Productie,installatie,beheer en verhuur van zonne-collectoren,zonneboilers,allerhande…” (deed in Dutch)
Go to Articles of association

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