POWERGRAPH
ActiveSummary
POWERGRAPH has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €39.3m and a net result of €4.8m. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 86% of 4610 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability42▼-35
Solvency100=
Growth41=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 14.82 against 0.51 in 2023; short-term debt: 0.7% and cash: 2.2% of total assets), and 10.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
89.5%
Return on assets
11%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €39.3m
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-10-2025, 63 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
63 d late
2023
61 d late
2022
94 d late
2021
46 d late
2020
58 d late
2019
299 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 104 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, full schema
In the rankings
#5 company by equity in Sint-Martens-Latem, Professional and technical services sector#8 company by total assets in Sint-Martens-Latem, Professional and technical services sector
Turnover
€802,587▼ 8.1%
2023 · €873,359
EBIT margin
8.0%▼ 56.9pp
2023 · 64.9%
Net result
€4.8m
2023 · -€1.2m
Working capital
€4.0m
2023 · -€3.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€929,628▼ 22.2%€872,310▼ 6.2%€814,506▼ 6.6%€873,359▲ 7.2%€802,587▼ 8.1%
Operating result€496,750▼ 17.7%-€3.7m€333,806€567,071▲ 69.9%€64,443▼ 88.6%
Net result-€1.4m▲ 71.0%-€2.9m▼ 113%-€2.8m▲ 5.3%-€1.2m▲ 57.9%€4.8m
EBIT margin53.4%▲ 3.0pp-428.2%▼ 481.6pp41.0%▲ 469.2pp64.9%▲ 23.9pp8.0%▼ 56.9pp
Equity€41.1m▼ 3.2%€38.2m▼ 7.0%€35.5m▼ 7.1%€34.4m▼ 3.2%€39.3m▲ 14.2%
Total assets€46.7m▼ 2.7%€47.5m▲ 1.7%€46.1m▼ 3.0%€45.0m▼ 2.2%€43.9m▼ 2.6%
Debt€2.6m▼ 1.8%€4.8m▲ 88.1%€6.2m▲ 27.3%€6.3m▲ 2.1%€287,976▼ 95.4%
Working capital€1.7m▼ 19.0%-€1.5m-€3.1m▼ 102%-€3.1m▲ 0.8%€4.0m
Why a figure moved sharply
- 2023 Net result +58% on 2022. Cause not known from the registers.
- 2021 Net result -113% on 2020. Cause not known from the registers.
- 2020 Net result +71% on 2019. The previous fiscal year ran 18 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 89% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43.9m
Fixed assets
€39.6m ▼ 5.4%
Current assets
€4.3m ▲ 33.4%
Equity and liabilities €43.9m
Equity
€39.3m ▲ 14.2%
Provisions
€4.3m ▼ 1.6%
Debt
€287,976 ▼ 95.4%
Debt's share of the balance-sheet total falls from 14.0% to 0.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64,443▼
2023 · €733,404
Cash flow
€4.8m▲
2023 · -€991,893
Current ratio
14.82▲
2023 · 0.51
Debt to equity
0.01▼
2023 · 0.18
ROE
12.3%▲
2023 · -3.4%
ROA
11.0%▲
2023 · -2.6%
Interest coverage
0.49▼
2023 · 6.28
Debt ≤ 1 year
€287,976▼
2023 · €6.3m
Income taxes
-€3,707▼
2023 · -€2,959
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €913,833 | €855,506 | €924,571 | €4.3m | ▲ 363% |
| Turnover70 | €929,628 | €872,310 | €814,506 | €873,359 | €802,587 | ▼ 8.1% |
| Other operating income74 | - | €41,523 | €41,000 | €51,212 | €34,004 | ▼ 33.6% |
| Non-recurring operating income76A | - | - | - | - | €3.4m | - |
| Operating charges60/66A | - | €4.6m | €521,700 | €357,500 | €4.2m | ▲ 1,080% |
| Services and other goods61 | - | €378,816 | €232,211 | €143,579 | €277,794 | ▲ 93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €166,227 | €166,208 | €166,842 | €166,333 | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €217,800 | €0 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €3.9m | €0 | - | - | - |
| Other operating charges640/8 | - | €23,472 | €5,621 | €47,588 | €42,065 | ▼ 11.6% |
| Non-recurring operating charges66A | - | - | €117,026 | €0 | €3.9m | - |
| Operating profit (loss)9901 | €496,750 | -€3.7m | €333,806 | €567,071 | €64,443 | ▼ 88.6% |
| Financial income75/76B | - | €557,175 | €477,679 | €655,306 | €5.8m | ▲ 788% |
| Recurring financial income75 | €418,652 | €557,175 | €360,654 | €365,040 | €1.5m | ▲ 323% |
| Income from financial fixed assets750 | - | €434,112 | €213,334 | €302,329 | €939,233 | ▲ 211% |
| Income from current assets751 | - | €87,745 | €146,248 | €62,711 | €604,705 | ▲ 864% |
| Other financial income752/9 | - | €35,317 | €1,072 | €0 | - | - |
| Non-recurring financial income76B | - | - | €117,025 | €290,266 | €4.3m | ▲ 1,372% |
| Financial charges65/66B | - | €2.2m | €3.6m | €2.4m | €1.1m | ▼ 55.6% |
| Recurring financial charges65 | €443,024 | €271,476 | €297,942 | €341,857 | €833,680 | ▲ 144% |
| Debt charges650 | €16,564 | €18,333 | €28,718 | €116,753 | €130,907 | ▲ 12.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | €191,620 | -€47,826 | -€63,172 | €10,014 | ▲ 116% |
| Other financial charges652/9 | - | €61,523 | €317,050 | €288,275 | €692,759 | ▲ 140% |
| Non-recurring financial charges66B | - | €1.9m | €3.3m | €2.0m | €225,000 | ▼ 89.0% |
| Profit (loss) for the period before taxes9903 | -€1.4m | -€5.3m | -€2.7m | -€1.2m | €4.8m | ▲ 515% |
| Transfer to deferred taxes680 | - | - | €9,971 | €0 | - | - |
| Income taxes67/77 | - | -€2.4m | €0 | -€2,959 | -€3,707 | ▼ 25.3% |
| Taxes670/3 | - | - | - | - | €118 | - |
| Tax adjustments and reversals of tax provisions77 | - | €2.4m | €0 | €2,959 | €3,825 | ▲ 29.3% |
| Profit (loss) for the period9904 | -€1.4m | -€2.9m | -€2.8m | -€1.2m | €4.8m | ▲ 517% |
| Transfer from tax-exempt reserves789 | - | €43,510 | €53,481 | €43,510 | €304,569 | ▲ 600% |
| Profit (loss) for the period to be appropriated9905 | -€1.3m | -€2.9m | -€2.7m | -€1.1m | €5.1m | ▲ 560% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46.7m | €47.5m | €46.1m | €45.0m | €43.9m | ▼ 2.6% |
| Fixed assets21/28 | €43.0m | €44.5m | €43.2m | €41.8m | €39.6m | ▼ 5.4% |
| Tangible fixed assets22/27 | €3.0m | €2.8m | €2.7m | €2.5m | €0 | ▼ 100% |
| Land and buildings22 | - | €1.2m | €1.2m | €1.2m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €8,665 | €6,854 | €5,044 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €6,458 | €5,949 | €5,949 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €1.6m | €1.4m | €1.3m | €0 | ▼ 100% |
| Financial fixed assets28 | €40.0m | €41.7m | €40.5m | €39.4m | €39.6m | ▲ 0.6% |
| Affiliated companies280/1 | - | €27.2m | €24.7m | €24.4m | €24.4m | ▼ 0.2% |
| Participating interests280 | - | €26.8m | €24.7m | €24.4m | €24.4m | = |
| Amounts receivable281 | - | €340,985 | €27,334 | €53,715 | €1 | ▼ 100.0% |
| Companies linked by participating interests282/3 | - | €9.7m | €10.0m | €10.0m | €9.9m | ▼ 0.6% |
| Participating interests282 | - | €9.7m | €10.0m | €10.0m | €9.9m | ▼ 0.6% |
| Amounts receivable283 | - | €1 | €1 | €1 | €1 | = |
| Other financial fixed assets284/8 | - | €4.8m | €5.8m | €5.0m | €5.3m | ▲ 7.2% |
| Shares284 | - | €4.8m | €5.8m | €5.0m | €5.0m | ▲ 1.5% |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €285,714 | - |
| Current assets29/58 | €3.8m | €3.0m | €2.9m | €3.2m | €4.3m | ▲ 33.4% |
| Amounts receivable after more than one year29 | - | €83,727 | €0 | - | - | - |
| Other amounts receivable291 | - | €83,727 | €0 | - | - | - |
| Stocks and contracts in progress3 | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €1.0m | €278,286 | €527,074 | €866,063 | €897,562 | ▲ 3.6% |
| Trade receivables40 | - | €129,297 | €177,519 | €327,803 | €264,611 | ▼ 19.3% |
| Other amounts receivable41 | - | €148,989 | €349,555 | €538,260 | €632,951 | ▲ 17.6% |
| Current investments50/53 | €2.4m | €2.4m | €2.3m | €2.3m | €2.4m | ▲ 3.1% |
| Other investments51/53 | - | €2.4m | €2.3m | €2.3m | €2.4m | ▲ 3.1% |
| Cash at bank and in hand54/58 | €208,937 | €208,065 | €119,900 | €4,544 | €970,579 | ▲ 21,258% |
| Deferred charges and accrued income490/1 | - | €2,413 | €640 | €1,231 | €777 | ▼ 36.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46.7m | €47.5m | €46.1m | €45.0m | €43.9m | ▼ 2.6% |
| Equity10/15 | €41.1m | €38.2m | €35.5m | €34.4m | €39.3m | ▲ 14.2% |
| Contributions10/11 | - | €51.3m | €51.3m | €51.3m | €51.3m | = |
| Revaluation surpluses12 | - | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Reserves13 | €392,255 | €358,716 | €335,148 | €301,609 | €66,838 | ▼ 77.8% |
| Non-distributable reserves130/1 | - | €66,838 | €66,838 | €48,246 | €48,246 | = |
| Reserves not available under the articles1311 | - | €18,592 | €18,592 | €0 | - | - |
| Other1319 | - | €48,246 | €48,246 | €48,246 | €48,246 | = |
| Tax-exempt reserves132 | - | €291,878 | €268,310 | €234,772 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | -€12.8m | -€15.6m | -€18.3m | -€19.5m | -€14.3m | ▲ 26.4% |
| Provisions and deferred taxes16 | €3.0m | €4.4m | €4.4m | €4.4m | €4.3m | ▼ 1.6% |
| Provisions for liabilities and charges160/5 | - | €4.3m | €4.3m | €4.3m | €4.3m | = |
| Taxes161 | - | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Other liabilities and charges164/5 | - | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Deferred taxes168 | - | €99,710 | €79,768 | €69,797 | €0 | ▼ 100% |
| Amounts payable17/49 | €2.6m | €4.8m | €6.2m | €6.3m | €287,976 | ▼ 95.4% |
| Amounts payable after more than one year17 | €491,505 | €314,134 | €135,214 | €0 | - | - |
| Financial debts170/4 | - | €314,134 | €135,214 | €0 | - | - |
| Credit institutions173 | - | €314,134 | €135,214 | €0 | - | - |
| Amounts payable within one year42/48 | €2.1m | €4.5m | €6.0m | €6.3m | €287,976 | ▼ 95.4% |
| Current portion of amounts payable after more than one year42 | - | €177,372 | €178,920 | €135,214 | €0 | ▼ 100% |
| Financial debts43 | - | €600,000 | €2.8m | €3.0m | €0 | ▼ 100% |
| Credit institutions430/8 | - | €600,000 | €2.8m | €3.0m | €0 | ▼ 100% |
| Trade debts44 | €100,829 | €96,628 | €45,205 | €53,569 | €24,319 | ▼ 54.6% |
| Suppliers440/4 | - | €96,628 | €45,205 | €53,569 | €24,319 | ▼ 54.6% |
| Taxes, remuneration and social security45 | - | €26,098 | €25,468 | €0 | €12,058 | ▲ 4,019,127% |
| Taxes450/3 | - | €26,098 | €25,468 | €0 | €12,058 | ▲ 4,019,127% |
| Other amounts payable47/48 | - | €3.6m | €3.0m | €3.2m | €251,600 | ▼ 92.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.4m | -€2.9m | -€2.8m | -€1.2m | €4.8m | ▲ 517% |
| + Depreciation and write-downs630 | €166,227 | €166,208 | €166,842 | €166,333 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€1.2m | -€2.7m | -€2.6m | -€991,893 | €4.8m | ▲ 587% |
| Investment in fixed assets (approximation) | - | -€1.7m | €1.2m | €1.2m | €2.2m | ▲ 95.1% |
| Change in cash | - | -€872 | -€88,165 | -€115,356 | €966,035 | ▲ 937% |
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
2026
11-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2025
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 63 days late
2024
31-12
Financial
Back to profitnet €4.8m
Net result €4.8m after 5 loss-making years.
31-12
Financial
Liquidity times 29current ratio 14.82
Current ratio from 0.51 to 14.82; short-term debt falls from €6.3m to €287,976.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 94 days late
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 46 days late
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 58 days late
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 299 days late
2019
06-06
State Gazette act
General meeting · Director reappointment
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Show earlier events
2017
03-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 3 days late
2016
17-06
State Gazette act
General meeting · Director resignation
Director reappointment
07-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 36 days late
2013
05-07
State Gazette act
General meeting · Director resignation
Director reappointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Sint-Martens-Latem · 1 establishment unit since 1995
Ground area
7,658 m²
Building footprint
538 m²
Volume, LiDAR
1,119 m³
Parcel 44064A0046/00D000, Flanders · tallest building 14.0 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
POWERGRAPH
since 19952.070.510.530
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0046/00D000 | Flanders | 7,658 m² | 1 · 538 m² | 14.0 m |
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
Heads the group
POWERGRAPH
6 companies
Group, risk and exposure
Owners and holdings
6 holdings · 8 subsidiaries in the treeOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 6
-
80%
-
62.67%
-
55.61%
-
50%
-
15.62%
-
14.35%
All subsidiaries, including indirect ones 8
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- Star Labs LTDUS 80%
Monni 62.67%5 subsidiaries
- EasyOrder 100%
- Magellan SASFR 100%
- Monni Solutions 100%
- PAYMENT SOLUTIONS 100%
- KEYWARE TRANSACTION & PROCESSING consolidated
- Congra Software SARLLU 55.61%
According to the 2024 annual accounts of POWERGRAPH 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
The group is listed under Ownership & control below; here you explore it as a network.
This company
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Shareholding
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Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
Recognitions · licences · registrations
Legal Entity Identifier
9676004CRKRA1BICT770
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 2,388 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-02-1995
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454469744
Registered
09-02-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.