POWERmc Maintenance & Construct
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 15-07-2026 at the NBB all 6 filings
Turnover
≈ €1.4m
Estimated: probably between €950,000 and €2.1m
Total assets
€747,272▲ 8.5%
2024 · €688,997
Net result
€103,988▲ 16.8%
2024 · €89,005
Working capital
€600,868▲ 20.1%
2024 · €500,409
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€142,677
▼ 2.5%
2025
20202025
Net result
€103,988
▲ 16.8%
2025
highest quarter of the sector
20202025
Equity
€631,658
▲ 19.7%
2025
highest quarter of the sector
20202025
Total assets
€747,272
▲ 8.5%
2025
middle half of the sector
20202025
Debt
€115,614
▼ 28.3%
2025
20202025
Working capital
€600,868
▲ 20.1%
2025
highest quarter of the sector
20202025
Solvency
84.5%
▲ 7.9pp
2025
highest quarter of the sector
20202025
Current ratio
7.02
▲ 1.66
2025
highest quarter of the sector
20202025
Return on assets (ROA)
13.9%
▲ 1.0pp
2025
highest quarter of the sector
20202025
Staff (FTE)
6.8
▲ 3.0%
2025
middle half of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€6,757-€177,476▲ 26×€177,802▲ 0.2%€174,274▼ 2.0%€146,392▼ 16.0%€142,677▼ 2.5%
Net result€5,235within the sector's middle half-€132,918above the sector's middle half▲ 25×€136,984above the sector's middle half▲ 3.1%€133,528above the sector's middle half▼ 2.5%€89,005within the sector's middle half▼ 33.3%€103,988above the sector's middle half▲ 16.8%
Equity€35,235within the sector's middle half-€168,153above the sector's middle half▲ 377%€305,137above the sector's middle half▲ 81.5%€438,665above the sector's middle half▲ 43.8%€527,671within the sector's middle half▲ 20.3%€631,658above the sector's middle half▲ 19.7%
Total assets€169,493within the sector's middle half-€237,793within the sector's middle half▲ 40.3%€407,615above the sector's middle half▲ 71.4%€550,679above the sector's middle half▲ 35.1%€688,997within the sector's middle half▲ 25.1%€747,272within the sector's middle half▲ 8.5%
Debt€134,258-€69,640▼ 48.1%€102,479▲ 47.2%€112,014▲ 9.3%€161,327▲ 44.0%€115,614▼ 28.3%
Working capital-€78within the sector's middle half-€134,378above the sector's middle half€277,893above the sector's middle half▲ 107%€399,641above the sector's middle half▲ 43.8%€500,409above the sector's middle half▲ 25.2%€600,868above the sector's middle half▲ 20.1%
Solvency20.8%within the sector's middle half-70.7%above the sector's middle half▲ 49.9pp74.9%above the sector's middle half▲ 4.1pp79.7%above the sector's middle half▲ 4.8pp76.6%above the sector's middle half▼ 3.1pp84.5%above the sector's middle half▲ 7.9pp
Current ratio1.00within the sector's middle half-5.05above the sector's middle half▲ 4.056.00above the sector's middle half▲ 0.957.97above the sector's middle half▲ 1.985.35above the sector's middle half▼ 2.627.02above the sector's middle half▲ 1.66
Return on assets (ROA)3.1%within the sector's middle half-55.9%above the sector's middle half▲ 52.8pp33.6%above the sector's middle half▼ 22.3pp24.2%above the sector's middle half▼ 9.4pp12.9%above the sector's middle half▼ 11.3pp13.9%above the sector's middle half▲ 1.0pp
Staff (FTE)2.7within the sector's middle half-4.8▲ 77.8%6.2▲ 29.2%5.8▼ 6.5%6.6within the sector's middle half▲ 13.8%6.8within the sector's middle half▲ 3.0%
above
within
below
The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 3% lower than in 2024 and the lowest since 2021. It is the third fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €747,272
Fixed assets
€46,528 ▼ 36.8%
Current assets
€700,744 ▲ 13.9%
Equity and liabilities €747,272
Equity
€631,658 ▲ 19.7%
Debt
€115,614 ▼ 28.3%
Debt's share of the balance-sheet total falls from 23.4% to 15.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€178,281▲
2024 · €176,439
Cash flow
€139,592▲
2024 · €119,052
Quick ratio
6.93▲
2024 · 5.28
Debt to equity
0.18▼
2024 · 0.31
ROE
16.5%▼
2024 · 16.9%
Interest coverage
90.37▲
2024 · 64.54
Debt ≤ 1 year
€99,876▼
2024 · €114,975
Debt > 1 year
€15,290▼
2024 · €31,949
Income taxes
€36,956▼
2024 · €55,726
Staff costs
€519,832▲
2024 · €449,657
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 6 | 5 | 9 | 7 |
| full-time | 7 | 6 | 5 | 7 | 6 |
| part-time | 0 | 0 | 0 | 2 | 1 |
| in full-time equivalents | 7 | 6 | 5 | 7.6 | 6.5 |
| Average over the year, in full-time equivalents | 4.8 | 6.2 | 5.8 | 6.6 | 6.8 |
| On a permanent contract | 6 | 6 | 5 | 9 | 6 |
| Joined | 4 | 0 | 1 | 4 | 3 |
| Left | 0 | 1 | 2 | 0 | 5 |
| Training hours | - | 312 | 192 | 60 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €25,178 | €31,350 | €86,829 | €9,932 | €8,519 |
| Financial fixed assets | - | €641 | - | - | €0 |
| Depreciation and write-downs of the year | €23,374 | €28,090 | €27,391 | €30,047 | €35,604 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €2,113 awarded · €1,980 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €62 | €62 |
| 2023 | 1 | €93 | €400 |
| 2022 | 1 | €1,958 | €1,518 |
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,458 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €283,115 | €406,027 | €419,141 | €449,657 | €519,832 | ▲ 15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,465 | €23,374 | €28,090 | €27,391 | €30,047 | €35,604 | ▲ 18.5% |
| Other operating charges640/8 | - | €649 | €1,312 | €4,709 | €1,756 | €1,664 | ▼ 5.2% |
| Gross operating margin9900 | €190,328 | €484,615 | €613,231 | €625,516 | €627,851 | €699,778 | ▲ 11.5% |
| Operating profit (loss)9901 | €6,757 | €177,476 | €177,802 | €174,274 | €146,392 | €142,677 | ▼ 2.5% |
| Financial income75/76B | - | €191 | €186 | €318 | €1,073 | €240 | ▼ 77.7% |
| Recurring financial income75 | €785 | €191 | €186 | €318 | €1,073 | €240 | ▼ 77.7% |
| Financial charges65/66B | - | €6,842 | €1,419 | €2,742 | €2,734 | €1,973 | ▼ 27.8% |
| Recurring financial charges65 | €1,347 | €6,842 | €1,419 | €2,742 | €2,734 | €1,973 | ▼ 27.8% |
| Profit (loss) for the period before taxes9903 | €6,195 | €170,825 | €176,569 | €171,850 | €144,731 | €140,944 | ▼ 2.6% |
| Income taxes67/77 | €960 | €37,907 | €39,585 | €38,322 | €55,726 | €36,956 | ▼ 33.7% |
| Profit (loss) for the period9904 | €5,235 | €132,918 | €136,984 | €133,528 | €89,005 | €103,988 | ▲ 16.8% |
| Profit (loss) for the period to be appropriated9905 | €5,235 | €132,918 | €136,984 | €133,528 | €89,005 | €103,988 | ▲ 16.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €169,493 | €237,793 | €407,615 | €550,679 | €688,997 | €747,272 | ▲ 8.5% |
| Fixed assets21/28 | €68,394 | €70,198 | €74,099 | €93,729 | €73,614 | €46,528 | ▼ 36.8% |
| Tangible fixed assets22/27 | €68,394 | €70,198 | €73,457 | €93,087 | €72,972 | €45,887 | ▼ 37.1% |
| Plant, machinery and equipment23 | - | €11,838 | €2,623 | €20,128 | €18,837 | €8,812 | ▼ 53.2% |
| Furniture and vehicles24 | - | €26,841 | €22,705 | €25,831 | €22,278 | €15,930 | ▼ 28.5% |
| Leasing and similar rights25 | - | €31,519 | €48,129 | €47,129 | €31,857 | €21,144 | ▼ 33.6% |
| Financial fixed assets28 | - | - | €641 | €641 | €641 | €641 | = |
| Current assets29/58 | €101,099 | €167,595 | €333,517 | €456,951 | €615,384 | €700,744 | ▲ 13.9% |
| Stocks and contracts in progress3 | - | - | - | €9,425 | €8,459 | €8,459 | = |
| Stocks30/36 | - | - | - | €9,425 | €8,459 | €8,459 | = |
| Amounts receivable within one year40/41 | €21,213 | €101,488 | €200,123 | €196,424 | €247,158 | €335,550 | ▲ 35.8% |
| Trade receivables40 | - | €98,082 | €162,565 | €175,698 | €224,615 | €323,052 | ▲ 43.8% |
| Other amounts receivable41 | - | €3,406 | €37,559 | €20,726 | €22,543 | €12,498 | ▼ 44.6% |
| Cash at bank and in hand54/58 | €77,289 | €63,459 | €108,029 | €227,233 | €333,222 | €337,970 | ▲ 1.4% |
| Deferred charges and accrued income490/1 | - | €2,648 | €25,364 | €23,868 | €26,545 | €18,766 | ▼ 29.3% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €169,493 | €237,793 | €407,615 | €550,679 | €688,997 | €747,272 | ▲ 8.5% |
| Equity10/15 | €35,235 | €168,153 | €305,137 | €438,665 | €527,671 | €631,658 | ▲ 19.7% |
| Contributions10/11 | - | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | €5,235 | €138,153 | €275,137 | €408,665 | €497,671 | €601,658 | ▲ 20.9% |
| Amounts payable17/49 | €134,258 | €69,640 | €102,479 | €112,014 | €161,327 | €115,614 | ▼ 28.3% |
| Amounts payable after more than one year17 | €33,082 | €35,254 | €38,358 | €47,902 | €31,949 | €15,290 | ▼ 52.1% |
| Financial debts170/4 | - | €35,254 | €38,358 | €47,902 | €31,949 | €15,290 | ▼ 52.1% |
| Amounts payable within one year42/48 | €101,177 | €33,217 | €55,624 | €57,309 | €114,975 | €99,876 | ▼ 13.1% |
| Current portion of amounts payable after more than one year42 | - | €18,595 | €24,292 | €26,230 | €15,953 | €16,659 | ▲ 4.4% |
| Trade debts44 | €3,763 | €1,689 | €23,772 | €29,209 | €50,142 | €58,565 | ▲ 16.8% |
| Suppliers440/4 | - | €1,689 | €23,772 | €29,209 | €50,142 | €58,565 | ▲ 16.8% |
| Taxes, remuneration and social security45 | - | €12,550 | €6,927 | €1,870 | €48,880 | €24,652 | ▼ 49.6% |
| Taxes450/3 | - | €6,786 | €0 | €941 | €40,388 | €1,751 | ▼ 95.7% |
| Remuneration and social security454/9 | - | €5,763 | €6,927 | €929 | €8,491 | €22,901 | ▲ 170% |
| Other amounts payable47/48 | - | €384 | €633 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | €1,169 | €8,497 | €6,803 | €14,403 | €448 | ▼ 96.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,235 | €132,918 | €136,984 | €133,528 | €89,005 | €103,988 | ▲ 16.8% |
| + Depreciation and write-downs630 | €21,465 | €23,374 | €28,090 | €27,391 | €30,047 | €35,604 | ▲ 18.5% |
| Operating cash flow (approximation) | €26,700 | €156,292 | €165,074 | €160,920 | €119,052 | €139,592 | ▲ 17.3% |
| Investment in fixed assets (approximation) | - | -€25,178 | -€31,991 | -€47,021 | -€9,932 | -€8,519 | ▲ 14.2% |
| Change in cash | - | -€13,829 | €44,570 | €119,203 | €105,989 | €4,747 | ▼ 95.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as POWERmc Maintenance & Construct has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of POWERmc Maintenance & Construct itself is lower: 0.1% within 12 months. It rests on far more data about POWERmc Maintenance & Construct than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for POWERmc Maintenance & Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-07-2026 | 2026-00301081 | |
| 31-12-2024 | abbreviated format | 28-06-2025 | 2025-00192132 | |
| 31-12-2023 | micro format | 30-06-2024 | 2024-00190531 | |
| 31-12-2022 | micro format | 28-06-2023 | 2023-00175658 | |
| 31-12-2021 | micro format | 05-07-2022 | 2022-20159317 | |
| 31-12-2020 | micro format | 06-07-2021 | 2021-31500416 |