NEWVO
ActiveSummary
NEWVO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23.4m and a net result of €10.1m. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 95% of 279 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+62
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
short-term debt: 0.2% and cash: 0.1% of total assets, and 0.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.8%
Return on assets
43.3%
Age of the figures
12 mo
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
6 d early
2023
6 d early
2022
9 d early
2021
8 d early
2020
2 d early
2019
8 d 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 6 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 24 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?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?ORKARI · 31 companies How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by equity in Limburg, Energy sector#7 company by total assets in Limburg, Energy sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€10.1m▲ 92,564%
2024 · €10,942
Working capital
€23.3m▲ 163%
2024 · €8.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,866▼ 39.7%€25,833-€2,076-€77,094▼ 3,613%-€22,868▲ 70.3%
Net result€2.2mabove the sector's middle half▲ 4,140%€83,456within the sector's middle half▼ 96.1%€87,962within the sector's middle half▲ 5.4%€10,942within the sector's middle half▼ 87.6%€10.1mabove the sector's middle half▲ 92,564%
Equity€13.0mabove the sector's middle half▲ 19.8%€13.1mabove the sector's middle half▲ 0.6%€13.2mabove the sector's middle half▲ 0.7%€13.2mabove the sector's middle half▲ 0.1%€23.4mabove the sector's middle half▲ 76.6%
Total assets€13.0mwithin the sector's middle half▲ 19.5%€13.1mwithin the sector's middle half▲ 0.8%€13.2mwithin the sector's middle half▲ 0.5%€13.3mwithin the sector's middle half▲ 0.5%€23.4mabove the sector's middle half▲ 76.2%
Debt€1,240▼ 94.9%€17,282▲ 1,293%€59,542€46,422▼ 22.0%
Working capital€8.7mabove the sector's middle half▲ 32.7%€8.8mabove the sector's middle half▲ 1.0%€8.8mabove the sector's middle half€23.3mabove the sector's middle half▲ 163%
Solvency100.0%above the sector's middle half▲ 0.2pp99.9%above the sector's middle half▼ 0.1pp100.0%above the sector's middle half▲ 0.1pp99.6%above the sector's middle half▼ 0.4pp99.8%above the sector's middle half▲ 0.2pp
Return on assets (ROA)16.5%above the sector's middle half▲ 16.0pp0.6%within the sector's middle half▼ 15.9pp0.7%within the sector's middle half=0.1%within the sector's middle half▼ 0.6pp43.3%above the sector's middle half▲ 43.2pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +92,564% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22,868 in 2025 against €77,094 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23.4m
Fixed assets
€63,853 ▼ 98.5%
Current assets
€23.4m ▲ 162%
Equity and liabilities €23.4m
Equity
€23.4m ▲ 76.6%
Debt
€46,422 ▼ 22.0%
Debt's share of the balance-sheet total falls from 0.4% to 0.2%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.00▼
2024 · 0.00
ROE
43.4%▲
2024 · 0.1%
Debt ≤ 1 year
€46,422▼
2024 · €59,542
Income taxes
€11,170▼
2024 · €30,915
A ratio outside any meaningful range has been withheld (balance sheet total €23.4m, equity €23.4m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,577 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.1%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,577 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €27,736 | - | - | - | - |
| Other operating income74 | - | €27,736 | - | - | - | - |
| Operating charges60/66A | €2,866 | €1,903 | €2,076 | €77,094 | - | - |
| Services and other goods61 | €1,936 | €1,841 | €1,146 | €75,825 | - | - |
| Other operating charges640/8 | €930 | €62 | €930 | €1,269 | €1,030 | ▼ 18.9% |
| Gross operating margin9900 | - | - | - | - | -€21,838 | - |
| Operating profit (loss)9901 | -€2,866 | €25,833 | -€2,076 | -€77,094 | -€22,868 | ▲ 70.3% |
| Financial income75/76B | €2.4m | €79,257 | €118,497 | €119,589 | €10.2m | ▲ 8,411% |
| Recurring financial income75 | €2.4m | €79,257 | €118,497 | €119,589 | €119,809 | ▲ 0.2% |
| Income from financial fixed assets750 | €2.3m | - | - | - | - | - |
| Income from current assets751 | €92,604 | €79,257 | €118,497 | €119,589 | - | - |
| Non-recurring financial income76B | - | - | - | - | €10.1m | - |
| Financial charges65/66B | €362 | €634 | €582 | €639 | €4,746 | ▲ 643% |
| Recurring financial charges65 | €362 | €634 | €582 | €639 | €566 | ▼ 11.4% |
| Debt charges650 | - | €78 | €107 | - | - | - |
| Other financial charges652/9 | €362 | €556 | €475 | €639 | - | - |
| Non-recurring financial charges66B | - | - | - | - | €4,181 | - |
| Profit (loss) for the period before taxes9903 | €2.4m | €104,455 | €115,839 | €41,857 | €10.2m | ▲ 24,151% |
| Income taxes67/77 | €221,100 | €20,999 | €27,876 | €30,915 | €11,170 | ▼ 63.9% |
| Taxes670/3 | €224,684 | €23,852 | €27,876 | €30,915 | - | - |
| Tax adjustments and reversals of tax provisions77 | €3,584 | €2,853 | - | - | - | - |
| Profit (loss) for the period9904 | €2.2m | €83,456 | €87,962 | €10,942 | €10.1m | ▲ 92,564% |
| Profit (loss) for the period to be appropriated9905 | €2.2m | €83,456 | €87,962 | €10,942 | €10.1m | ▲ 92,564% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.0m | €13.1m | €13.2m | €13.3m | €23.4m | ▲ 76.2% |
| Fixed assets21/28 | €4.3m | €4.3m | €4.3m | €4.4m | €63,853 | ▼ 98.5% |
| Tangible fixed assets22/27 | - | - | - | €63,853 | €63,853 | = |
| Assets under construction and advance payments27 | - | - | - | €63,853 | €63,853 | = |
| Financial fixed assets28 | €4.3m | €4.3m | €4.3m | €4.3m | €0 | ▼ 100% |
| Affiliated companies280/1 | €4.3m | €4.3m | €4.3m | €4.3m | - | - |
| Participating interests280 | €4.3m | €4.3m | €4.3m | €4.3m | - | - |
| Other financial fixed assets284/8 | €4,186 | €4,186 | €4,186 | €4,186 | - | - |
| Shares284 | €4,186 | €4,186 | €4,186 | €4,186 | - | - |
| Current assets29/58 | €8.7m | €8.8m | €8.9m | €8.9m | €23.4m | ▲ 162% |
| Amounts receivable after more than one year29 | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Other amounts receivable291 | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Amounts receivable within one year40/41 | €6.1m | €6.2m | €6.3m | €6.3m | €20.7m | ▲ 231% |
| Trade receivables40 | - | - | - | €937 | €0 | ▼ 100% |
| Other amounts receivable41 | €6.1m | €6.2m | €6.3m | €6.3m | €20.7m | ▲ 231% |
| Cash at bank and in hand54/58 | €30,542 | €50,782 | €2,965 | €16,944 | €18,633 | ▲ 10.0% |
| Deferred charges and accrued income490/1 | €26,000 | €26,000 | €26,000 | €26,000 | €26,000 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.0m | €13.1m | €13.2m | €13.3m | €23.4m | ▲ 76.2% |
| Equity10/15 | €13.0m | €13.1m | €13.2m | €13.2m | €23.4m | ▲ 76.6% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €212,100 | €212,100 | €212,100 | €212,100 | €212,100 | = |
| Non-distributable reserves130/1 | €212,100 | €212,100 | €212,100 | €212,100 | €212,100 | = |
| Legal reserve130 | €212,100 | €212,100 | €212,100 | €212,100 | €212,100 | = |
| Profit (loss) carried forward14 | €12.8m | €12.9m | €12.9m | €13.0m | €23.1m | ▲ 78.3% |
| Amounts payable17/49 | €1,240 | €17,282 | - | €59,542 | €46,422 | ▼ 22.0% |
| Amounts payable within one year42/48 | €1,240 | €17,282 | - | €59,542 | €46,422 | ▼ 22.0% |
| Financial debts43 | - | €17,282 | - | - | - | - |
| Credit institutions430/8 | - | €17,282 | - | - | - | - |
| Trade debts44 | €1,240 | - | - | €59,542 | €46,422 | ▼ 22.0% |
| Suppliers440/4 | €1,240 | - | - | €59,542 | €46,422 | ▼ 22.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.2m | €83,456 | €87,962 | €10,942 | €10.1m | ▲ 92,564% |
| Operating cash flow (approximation) | €2.2m | €83,456 | €87,962 | €10,942 | €10.1m | ▲ 92,564% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€63,853 | €4.3m | ▲ 6,864% |
| Change in cash | - | €20,240 | -€47,817 | €13,978 | €1,689 | ▼ 87.9% |
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
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
25-03
State Gazette act
Capital & sharesPower of attorney2 facts ▸
State Gazette act
Capital & shares
Power of attorney2 facts ▸
- Power of attorney, Arno Ciezkowski
- Power of attorney, Laure Mertens
2025
30-09
Financial
Highest result since 2018net €10.1m ▲92,564%
Net result €10.1m, the highest in the series.
30-09
Financial
Liquidity triplescurrent ratio 503.05
Current ratio from 149.60 to 503.05; short-term debt falls from €59,542 to €46,422.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Weakest financial yearnet €10,942 ▼87.6%
Net result drops to €10,942, the lowest in the series; recovery starts the following year.
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Liquidity times 26current ratio 7038.35
Current ratio from 272.03 to 7038.35; short-term debt falls from €24,268 to €1,240.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
09-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
13 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dilsen-Stokkem · 1 establishment unit since 2004
Ground area
932 m²
Building footprint
350 m²
Volume, LiDAR
2,209 m³
Parcel 72032B1038/00A002, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
18
companies at this address
See who is registered here
1 establishment unit
NEWVO
since 20042.137.302.849
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72032B1038/00A002 | Flanders | 932 m² | 1 · 350 m² | 10.4 m · 2 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.
Structure & network
Part of the group
ORKARI
31 companies
Group, risk and exposure
Owners and holdings
1 owner · 8 holdingsChain of control
- ORKARI
- NEWVO
Highest known parent: ORKARI. The sources do not say who stands above it.
Owners 1
- ORKARIparent100%
Holdings 8
-
99.8%
-
99%
-
99%
-
1%
-
1%
-
1%
-
0.9%
-
0.5%
According to the annual accounts to 30-09-2024 of NEWVO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 814 companies in sector 35110 we hold annual accounts for 632. 174 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-04-2004
Fiscal year end30-09
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
35140Electricity, gas, steam and air conditioning supply
82990Other business support services
Contact
E-mail
vestepon@pandora.beDilsen-Stokkem
Phone
011/59.30.54Dilsen-Stokkem
Fax
011/59.30.57Dilsen-Stokkem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864553080
Also
9925:BE0864553080
Registered
17-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.