PV-FORCE
Dissolution or liquidationSummary
The KBO register records for PV-FORCE the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show negative equity (-€13.1m) and a net result of -€16,599.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
181920212122232425
2018 to 2025 · latest year -€13.1m
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
69 d late
2023
177 d late
2022
30 d late
2021
178 d late
2021
321 d late
2020
137 d late
← 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 129 days after the deadline; the sector median for financial year 2024 is 23 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Production of electricity from non-renewable sources sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€398,689▼ 47.0%
2019 · €752,172
EBIT margin
-214.0%▼ 152.6pp
2019 · -61.4%
Net result
-€16,599▲ 98.5%
2024 · -€1.1m
Working capital
-€12.3m▼ 0.1%
2024 · -€12.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€272,165--€4.3m▼ 1,495%-€452,099▲ 89.6%-€1.1m▼ 147%-€16,031▲ 98.6%
Net result-€353,998below the sector's middle half--€4.5mbelow the sector's middle half▼ 1,166%-€457,380below the sector's middle half▲ 89.8%-€1.1mbelow the sector's middle half▼ 145%-€16,599below the sector's middle half▲ 98.5%
EBIT margin
Equity-€7.1mbelow the sector's middle half--€11.5mbelow the sector's middle half▼ 63.4%-€12.0mbelow the sector's middle half▼ 4.0%-€13.1mbelow the sector's middle half▼ 9.3%-€13.1mbelow the sector's middle half▼ 0.1%
Total assets€961,093below the sector's middle half-€1.2mwithin the sector's middle half▲ 26.3%€1.0mwithin the sector's middle half▼ 16.3%€351,660below the sector's middle half▼ 65.4%€340,319below the sector's middle half▼ 3.2%
Debt€8.0m-€12.8m▲ 59.0%€13.0m▲ 2.0%€13.5m▲ 3.5%€13.5m=
Working capital-€6.3m--€10.7m▼ 71.5%-€11.2m▼ 4.3%-€12.3m▼ 10.0%-€12.3m▼ 0.1%
Solvency-735.2%below the sector's middle half--951.4%below the sector's middle half▼ 216.3pp
above
within
below
the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +99% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
- 2022 Net result -1,166% on 2021. The previous fiscal year ran 5 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,031 in 2025 against €1.1m in 2024; the loss shrinks.
Key figures and ratios
Current ratio
0.03▼
2024 · 0.03
Debt to equity
-1.03▲
2024 · -1.03
ROA
-4.9%▲
2024 · -318.4%
Debt ≤ 1 year
€12.7m=
2024 · €12.7m
A ratio outside any meaningful range has been withheld (balance sheet total €340,319, equity -€13.1m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €233,722 | - | - | - | - | - |
| Other operating charges640/8 | €165 | - | €396,742 | €3,891 | €165 | ▼ 95.8% |
| Non-recurring operating charges66A | €179,966 | €4.1m | - | €1.1m | - | - |
| Gross operating margin9900 | -€92,034 | -€242,593 | -€55,357 | -€27,466 | -€15,866 | ▲ 42.2% |
| Operating profit (loss)9901 | -€272,165 | -€4.3m | -€452,099 | -€1.1m | -€16,031 | ▲ 98.6% |
| Financial income75/76B | - | €1 | €22 | - | €92 | - |
| Recurring financial income75 | - | €1 | €22 | - | €92 | - |
| Financial charges65/66B | €81,833 | €138,568 | €5,303 | €756 | €659 | ▼ 12.9% |
| Recurring financial charges65 | €81,833 | €138,568 | €5,303 | €756 | €659 | ▼ 12.9% |
| Profit (loss) for the period before taxes9903 | -€353,998 | -€4.5m | -€457,380 | -€1.1m | -€16,599 | ▲ 98.5% |
| Profit (loss) for the period9904 | -€353,998 | -€4.5m | -€457,380 | -€1.1m | -€16,599 | ▲ 98.5% |
| Profit (loss) for the period to be appropriated9905 | -€353,998 | -€4.5m | -€457,380 | -€1.1m | -€16,599 | ▲ 98.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €961,093 | €1.2m | €1.0m | €351,660 | €340,319 | ▼ 3.2% |
| Current assets29/58 | €961,093 | €1.2m | €1.0m | €351,660 | €340,319 | ▼ 3.2% |
| Amounts receivable within one year40/41 | €581,485 | €691,427 | €629,279 | - | €951 | - |
| Trade receivables40 | €546,137 | €627,358 | €627,358 | - | - | - |
| Other amounts receivable41 | €35,348 | €64,069 | €1,921 | - | €951 | - |
| Cash at bank and in hand54/58 | €262,247 | €408,598 | €379,793 | €348,948 | €332,399 | ▼ 4.7% |
| Deferred charges and accrued income490/1 | €117,361 | €113,535 | €6,828 | €2,711 | €6,969 | ▲ 157% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €961,093 | €1.2m | €1.0m | €351,660 | €340,319 | ▼ 3.2% |
| Equity10/15 | -€7.1m | -€11.5m | -€12.0m | -€13.1m | -€13.1m | ▼ 0.1% |
| Contributions10/11 | €775,000 | €775,000 | €775,000 | €775,000 | €775,000 | = |
| Capital10 | €775,000 | €775,000 | €775,000 | €775,000 | €775,000 | = |
| Issued capital100 | €775,000 | €775,000 | €775,000 | €775,000 | €775,000 | = |
| Reserves13 | €61,462 | €61,462 | €61,462 | €61,462 | €61,462 | = |
| Non-distributable reserves130/1 | €61,462 | €61,462 | €61,462 | €61,462 | €61,462 | = |
| Legal reserve130 | €61,462 | €61,462 | €61,462 | €61,462 | €61,462 | = |
| Profit (loss) carried forward14 | -€7.9m | -€12.4m | -€12.8m | -€14.0m | -€14.0m | ▼ 0.1% |
| Amounts payable17/49 | €8.0m | €12.8m | €13.0m | €13.5m | €13.5m | = |
| Amounts payable within one year42/48 | €7.2m | €12.0m | €12.2m | €12.7m | €12.7m | = |
| Current portion of amounts payable after more than one year42 | €3.4m | €3.1m | €3.1m | €3.1m | €3.1m | = |
| Financial debts43 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Other loans439 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Trade debts44 | €2.7m | €3.7m | €3.9m | €3.9m | €3.9m | ▲ 0.1% |
| Suppliers440/4 | €2.7m | €3.7m | €3.9m | €3.9m | €3.9m | ▲ 0.1% |
| Other amounts payable47/48 | €1.1m | €5.2m | €5.2m | €5.7m | €5.7m | = |
| Accrued charges and deferred income492/3 | €799,025 | €799,025 | €799,114 | €799,025 | €799,025 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€353,998 | -€4.5m | -€457,380 | -€1.1m | -€16,599 | ▲ 98.5% |
| Operating cash flow (approximation) | -€353,998 | -€4.5m | -€457,380 | -€1.1m | -€16,599 | ▲ 98.5% |
| Change in cash | - | €146,351 | -€28,805 | -€30,845 | -€16,549 | ▲ 46.3% |
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
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 69 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 177 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 178 days late
13-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 321 days late
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 137 days late
26-07
Financial
Weakest financial yearnet -€4.8m
Net result drops to -€4.8m, the lowest in the series.
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Waregem · 1 establishment unit since 2009
Ground area
1,510 m²
Building footprint
1,056 m²
Volume, LiDAR
7,373 m³
Parcel 34040C1249/00W002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
PV-Force
since 20092.183.081.307
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1249/00W002 | Flanders | 1,510 m² | 1 · 1,056 m² | 9.0 m · 2 fl. |
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.
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Of 814 companies in sector 35110 we hold annual accounts for 631. 415 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 (pre-2019)
Founded26-08-2009
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
46643Wholesale of electrical equipment, including installation materials
E-invoicing
Reachable via Peppol
Peppol ID
0208:0818058111
Also
9925:BE0818058111
Registered
23-02-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.