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POWERNAUT

Active
Private limited companyfounded 20242 yrs activeHubert Frère-Orbanlaan 318, 9000 Gent, BelgiumKBO/BCE: BE 1004.987.997
Summary

POWERNAUT has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of -€175,189. Its solvency ranks better than 95% of 345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Risk analysisWatch ReportCompare
POWERNAUTActiveChecked score 67/100
Risk analysis ReportCompare

Overview

Activity
Electricity, gas, steam and air conditioning supply
NACE 35150Electricity, gas, steam and air conditioning supply NACE 35140NACE 62010
1 site
Size
€2.4mtotal assets 2025
Staff
5.7 FTE
Equity
€2.2m
Loss
-€175,189
Turnover not published (abridged schema)Net result -596%: other schema
Financial health
67 Healthy Checked score 2025
Bankruptcy chance 12 m
0.9%
Structure
Accounts 4 d early1 of 3 deeds read
Why 67- Loss of €175,189, the second in a row (FY 2025)- Founded in 2024+ Sector Electricity, gas, steam and air conditioning supply (NACE 35)+ Equity €2.2m (93.6% of total assets)Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 48% of its sector peers (NACE 35, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 100=
equity 93.6% of total assets
Liquidity 53=
short-term debt 6.4% · cash 2.0%
Profitability 9-8
return on assets -7.4%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (539 companies)
Last 24 months 02-2025: 1.2% 03-2025: 1.2%● 0.0% vs 02-2025 04-2025: 1.3%▲ +4.0% vs 03-2025 05-2025: 1.4%▲ +7.6% vs 04-2025highest value 06-2025: 0.1%▼ -90.6% vs 05-2025lowest value 07-2025: 0.1%▲ +1.5% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%▲ +4.5% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%▼ -1.4% vs 10-2025 12-2025: 0.1%▼ -0.7% vs 11-2025 01-2026: 0.1%▲ +5.8% vs 12-2025 02-2026: 0.1%▲ +3.4% vs 01-2026 03-2026: 0.2%▲ +3.3% vs 02-2026 04-2026: 0.2%▼ -0.6% vs 03-2026 05-2026: 0.2%▲ +2.6% vs 04-2026 06-2026: 0.2%▲ +17.7% vs 05-2026 07-2026: 0.2%▲ +24.2% vs 06-2026 08-2026: 0.9%▲ +310% vs 07-2026 09-2026: 0.9%● 0.0% vs 08-2026 10-2026: 0.9%▼ -7.0% vs 09-2026
  • Loss of €175,189, the second in a row (FY 2025) raises the probability
  • Founded in 2024 raises the probability for this profile
  • Sector Electricity, gas, steam and air conditioning supply (NACE 35) lowers the probability
  • Equity €2.2m (93.6% of total assets) lowers the probability
Credit up to €140,000 at 30 days only on tighter terms
Liquidity ample (current ratio 11.57; short-term debt: 6.4% and cash: 2% of total assets), and 6.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 35, micro). Better than this share of them on solvency 88%, liquidity 47%, profitability 20%, growth against the median 39%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €175,189, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Founded in 2024
In the bankruptcy model this factor raises the probability for this profile.
KBO
lowers risk · Sector Electricity, gas, steam and air conditioning supply (NACE 35)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Equity €2.2m (93.6% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
2425
2024 to 2025 · latest year -€175,189
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 27-07-2026, 4 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
4 d early
2024
65 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 35 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. MiscellaneousCapital increase · Share issue…
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Caution: Result fell in 2025different schema filed ▼ 596% View
  • Caution: Among the weakest 10% on net resultsector median €17,996 · 345 companies -€175,189 View
  • Flemish supportawarded 2024 - 2025 €445,226 View

By topic

Financials

Fiscal year
2025
Total assets
€2.4m
Loss
-€175,189
Solvency
93.6%
Total assets▼ 2.0%
Net result
20242025
Go to Financials

Timeline

Events
3
Since
2025
Next accounts
by 31-07-2027
  1. 02-09-2026Miscellaneous
  2. 27-07-2026Annual accounts filed
  3. 27-05-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Electricity, gas, steam and air conditioning supplyNACE 35150
Founded
22-01-2024
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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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 What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark

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