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Power Online

Active
Public limited companyfounded 2013active for 13 yearsRue Natalis 2, 4020 Liège, BelgiumKBO/BCE: BE 0535.615.192
Summary

Power Online has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35.1m and a net result of €30.5m. Equity is growing by about 28% per year across the filed financial years. Its solvency ranks better than 34% of 342 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Electricity, gas, steam and air conditioning supply
NACE 35150Engineering and related technical consultancy, excluding land surveyors NACE 71121
#3 company by total assets in the province of Liège, Energy sector2 sites
Size
€574.7mturnover 2025
Staff
21.1 FTE
Equity
€35.1m
Profit
€30.5m
Net result +110%: 15-month year
Financial health
90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
MEGA GROUP INTERNATIONAL SA · 100%
Accounts 80 days early0 of 12 deeds read
Why 90raises riskEquity €35.1m (17.7% of total assets)lowers riskSize: turnover €574.7m, 21.1 FTE, total assets €198.0mFounded in 2013Legal form: public limited companyShow the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 35% of its sector peers (NACE 35, small)
Financial strength · tick = 2024
Average
Solvency 43+7
equity 17.7% of total assets
Liquidity 21=
short-term debt 81.1% · cash 12.2%
Profitability 77+10
return on assets 15.4%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (254 companies, NACE 35, small)
Last 24 months 11-2024: 1.1% 12-2024: 1.3%▲ +0.2 percentage points vs 11-2024 01-2025: 1.7%▲ +0.4 percentage points vs 12-2024highest value 02-2025: 1.7%● unchanged vs 01-2025 03-2025: 1.6%▼ -0.1 percentage points vs 02-2025 04-2025: 0.1%▼ -1.5 percentage points vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged 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: 0.2%▲ +0.1 percentage points vs 03-2026 05-2026: 0.3%▲ +0.1 percentage points vs 04-2026 06-2026: 0.1%▼ -0.2 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
Credit of up to €3,150,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.15, compared with 1.05 in 2024; short-term debt: 81.1% and cash: 12.2% of total assets), and 82.3% of the assets are financed with debt.
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, small): better than 35% on solvency, 8% on liquidity and 63% on profitability.

The bankruptcy probability was computed on 09-10-2026 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 risk+raises risk○neutral
lowers risk · Size: turnover €574.7m, 21.1 FTE, total assets €198.0m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €35.1m (17.7% of total assets)
NBB · annual accounts
lowers risk · Founded in 2013
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Legal form: public limited company
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 12-05-2026, 80 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
80 days early
2024
50 days early
2022
7 days early
2021
36 days early
2020
123 days early
2019
31 days early
2018
28 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 51 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 (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Highest result from 2018 to 2025net €30.5m ▲110%
  3. Equity above €25mequity €35.1m ▲78.4%

Key points

  • Result rose in 202515-month financial year ▲ 110% View
  • Positive: Among the best 6% on net resultsector median €175,603 · 339 companies €30.5m View
  • Positive: Filed on time since financial year 2017accounts within the deadline every year 8 years View
  • Controlled by MEGA GROUP INTERNATIONAL SAultimately: La Deuxième Phase 100% View

By topic

Financials

Financial year
2025
Turnover
€574.7m
Profit
€30.5m
Solvency
17.7%
Turnover▼ 9.8%
Net result
20182025
Go to Financials

Timeline

Events
18
Since
2015
  1. 11-03-2025Annual accounts filed
  2. 30-09-2024Back to profit
  3. 30-09-2024Equity above €10m
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Electricity, gas, steam and air conditioning supplyNACE 35150
Founded
11-06-2013
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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