Power
ActivePower has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €5k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 33% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▲+23
Solvency56▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.33 in 2024; short-term debt: 66.6% and cash: 45.1% of total assets), and 68.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
31.5%
Return on assets
3.4%
Age of the figures
9 mo
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 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 d early
2024
24 d early
2023
23 d early
2022
14 d early
2021
61 d early
2020
25 d early
2019
53 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€48k▲ 12.1%
2024 · €43k
2018: €-6k
2019: €8k
2020: €28k
2021: €42k
2022: €48k
2023: €42k
2024: €43k
2018 → 2025
Total assets
€153k▼ 3.4%
2024 · €159k
2018: €117k
2019: €119k
2020: €88k
2021: €110k
2022: €136k
2023: €135k
2024: €159k
2018 → 2025
Net result
€5k▲ 562%
2024 · €785
2018: €-18k
2019: €14k
2020: €20k
2021: €13k
2022: €6k
2023: €4k
2024: €785
2018 → 2025
Working capital
€41k▲ 11.0%
2024 · €37k
2018: €-33k
2019: €-3k
2020: €23k
2021: €42k
2022: €30k
2023: €30k
2024: €37k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€42k-€48k▲ 14.9%€42k▼ 11.7%€43k▲ 1.9%€48k▲ 12.1%
Operating result€21k-€8k▼ 64.0%€8k▼ 0.6%€5k▼ 36.9%€11k▲ 126%
Net result€13k-€6k▼ 53.1%€4k▼ 29.1%€785▼ 82.2%€5k▲ 562%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 126% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153k
Fixed assets
€10k▲ 3.6%
Current assets
€143k▼ 3.9%
Equity and liabilities €153k
Equity
€48k▲ 12.1%
Debt
€105k▼ 9.2%
The debt ratio falls from 72.9% to 68.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▲
2024 · €9k
Cash flow
€10k▲
2024 · €5k
Solvency
31.5%▲
2024 · 27.1%
Current ratio
1.40▲
2024 · 1.33
Quick ratio
1.29▼
2024 · 1.32
Debt / equity
2.18▼
2024 · 2.69
ROE
10.8%▲
2024 · 1.8%
ROA
3.4%▲
2024 · 0.5%
Interest coverage
4.70▲
2024 · 2.33
Debt
€105k▼
2024 · €116k
Debt ≤ 1 year
€102k▼
2024 · €112k
Income taxes
€3k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€159k€153k▼
Fixed assets21/28€10k€10k▲
Intangible fixed assets21-€1
Tangible fixed assets22/27€10k€10k▲
Plant, machinery and equipment23€2k€977▼
Furniture and vehicles24€8k€4k▼
Other tangible fixed assets26-€5k
Current assets29/58€149k€143k▼
Stocks and contracts in progress3€655€12k▲
Stocks30/36€655€12k▲
Amounts receivable within one year40/41€47k€59k▲
Trade receivables40€42k€51k▲
Other amounts receivable41€5k€8k▲
Cash at bank and in hand54/58€99k€69k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€159k€153k▼
Equity10/15€43k€48k▲
Contributions10/11€15k€15k=
Reserves13€28k€33k▲
Distributable reserves133€28k€33k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€116k€105k▼
Amounts payable within one year42/48€112k€102k▼
Trade debts44€56k€57k▲
Suppliers440/4€56k€57k▲
Taxes, remuneration and social security45€486€830▲
Taxes450/3€486€830▲
Other amounts payable47/48€55k€44k▼
Accrued charges and deferred income492/3€4k€3k▼
Income statement
Code20242025
Non-recurring operating income76A-€1
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€955€986▲
Gross operating margin9900€10k€16k▲
Operating profit (loss)9901€5k€11k▲
Financial income75/76B€1k€586▼
Recurring financial income75€1k€586▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€2k€8k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€785€5k▲
Profit (loss) for the period to be appropriated9905€785€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€785€5k▲
Transfer from equity791/2€0-
Transfer to equity691/2€785€5k▲
To other reserves6921€785€5k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €20k ▲43%
Operating result €26k, net result €20k, both a record.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
16-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 108 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Heusden-Zolder · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nieuwstraat 1453550 Heusden-ZolderGround area
1,788 m²
Building footprint
121 m²
Volume, LiDAR
733 m³
Parcel 71065A1285/00T000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V.S.M.L.
since 20142.274.276.252
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065A1285/00T000 | Flanders | 1,788 m² | 1 · 121 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 750 EUR awarded · 750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 750 EUR | 750 EUR |
Schemes
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
5 live approvals · 4 endedBrandertechnicus gas/stookolie duaal (so)
Sanitaire en verwarmingsinstallaties duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Vakman installatietechnieken (vwo)
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 4,523 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-10-2014
Fiscal year end31-12
Legal name NL
V.S.M.L
Legal name NL
V.S.M.L.
Trade name NL
V.S.T.
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.