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Storm 15

Active
Private limited companyfounded 201115 yrs activeBorsbeeksebrug 22, 2600 Antwerpen, BelgiumKBO/BCE: BE 0839.407.712
Summary

Storm 15 has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.5m) and a net result of -€78,245. Equity is shrinking by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 280 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

What they do
Production of electricity from non-renewable sources
NACE 35110
1 site
How big
€268,086total assets 2025
Equity
-€1.5m
Loss
-€78,245
Turnover not published (abridged schema)
Financially healthy?
44 Weak Checked score 2025
Bankruptcy chance 12 m
0.5%
Who decides
Parent
STORM MANAGEMENT · 100%
Accounts 64 d early0 of 8 deeds read
Why 44- Annual accounts: weaker financial profile- Negative equity+ Lower-failure-rate sector+ Long track recordLatest accounts filed on timeShow the evidence

Checked score

Score 2025
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 62.33 against 45.87 in 2024; short-term debt: 0.4% of total assets), but equity is negative.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-547.2%
Return on assets
-29.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.5m
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
64 d early
2024
1 d early
2023
54 d early
2022
52 d early
2021
4 d early
2020
50 d early
2019
56 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 24 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. Usually files around 9 June (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 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. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Liquidity times 86current ratio 45.87

Financials

Fiscal year 2025Total assets €268,086Loss -€78,245Solvency -547.2%Liquidity 62.33
Total assets
€268,086▼ 4.0%
2018 - 2025
Net result
-€78,245▲ 34.3%
2018 - 2025
Equity
-€1.5m▼ 5.6%
2018 - 2025
Solvency
-547.2%▼ 49.7pp
2018 - 2025

Financials · fiscal year 2025, abbreviated schema

Trend over the years8 fiscal years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€0.1m▼ 0.7%-€0.09m▲ 29.5%-€0.1m▼ 53.4%-€0.1m▲ 13.2%-€0.08m▲ 34.4%
Net result-€0.1mbelow the sector's middle half-€0.09mbelow the sector's middle half▲ 29.5%-€0.1mbelow the sector's middle half▼ 53.4%-€0.1mbelow the sector's middle half▲ 13.3%-€0.08mbelow the sector's middle half▲ 34.3%
Equity-€1.0mbelow the sector's middle half▼ 13.9%-€1.1mbelow the sector's middle half▼ 8.6%-€1.3mbelow the sector's middle half▼ 12.1%-€1.4mbelow the sector's middle half▼ 9.4%-€1.5mbelow the sector's middle half▼ 5.6%
Total assets€0.4mbelow the sector's middle half▼ 26.7%€0.3mbelow the sector's middle half▼ 7.9%€0.3mbelow the sector's middle half▼ 8.5%€0.3mbelow the sector's middle half▼ 9.2%€0.3mbelow the sector's middle half▼ 4.0%
Debt€1.4m▼ 0.4%€1.5m▲ 4.3%€1.6m▲ 7.4%€1.7m▲ 5.8%€1.7m▲ 4.0%
Working capital-€0.01mwithin the sector's middle half-€0.006mwithin the sector's middle half▲ 59.7%-€0.001mwithin the sector's middle half▲ 91.5%€0.09mwithin the sector's middle half€0.06mwithin the sector's middle half▼ 31.7%
Solvency-285.8%below the sector's middle half▼ 101.8pp-337.0%below the sector's middle half▼ 51.3pp-413.1%below the sector's middle half▼ 76.0pp-497.5%below the sector's middle half▼ 84.4pp-547.2%below the sector's middle half▼ 49.7pp
Current ratio0.19below the sector's middle half▼ 13.110.19below the sector's middle half=0.53below the sector's middle half▲ 0.3445.87above the sector's middle half▲ 45.3362.33above the sector's middle half▲ 16.47
Return on assets (ROA)-34.8%below the sector's middle half▼ 40.8pp-26.6%below the sector's middle half▲ 8.1pp-44.7%below the sector's middle half▼ 18.0pp-42.6%below the sector's middle half▲ 2.0pp-29.2%below the sector's middle half▲ 13.5pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
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.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet2025
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0Operating result 2021: -€126,872-€126,872Net result 2021: -€126,922-€126,922Operating result 2022: -€89,416-€89,416Net result 2022: -€89,524-€89,524Operating result 2023: -€137,136-€137,136Net result 2023: -€137,291-€137,291Operating result 2024: -€118,988-€118,988Net result 2024: -€119,033-€119,033Operating result 2025: -€78,066-€78,066Net result 2025: -€78,245-€78,24520212022202320242025-€150,000-€100,000-€50,000€0Operating result 2023: -€137,136-€137,000Net result 2023: -€137,291-€137,000Operating result 2024: -€118,988-€119,000Net result 2024: -€119,033-€119,000Operating result 2025: -€78,066-€78,100Net result 2025: -€78,245-€78,200202320242025
The operating result stays negative: a loss of €78,066 in 2025 against €118,988 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €268,086
Fixed assets €203,756 ▲ 10.5%
Current assets €64,331 ▼ 32.1%
Equity and liabilities
Equity-€1.5m
Debt€1.7m
Equity is negative: debt (€1.7m) exceeds the balance-sheet total (€268,086).
Key figures and ratios2025
Key figures and ratios
2025 value · change against 2024
EBITDA
-€3,076▼
2024 · -€1,232
Cash flow
-€3,255▼
2024 · -€1,277
Interest coverage
-17.16▲
2024 · -27.37
Debt ≤ 1 year
€1,032▼
2024 · €2,066
Debt > 1 year
€1.1m▲
2024 · €1.1m
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
5.8% went bankrupt
8.1% stopped otherwise
85% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,906 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Filed annual accountsfiscal year 2025
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 30 lines
Balance sheet Code20242025
Assets
Total assets20/58€0.3m€0.3m▼
Fixed assets21/28€0.2m€0.2m▲
Intangible fixed assets21€0.2m€0.2m▲
Current assets29/58€0.09m€0.06m▼
Amounts receivable within one year40/41€0.09m€0.06m▼
Trade receivables40€0.09m€0.06m▼
Other amounts receivable41€9€171▲
Equity and liabilities
Total equity and liabilities10/49€0.3m€0.3m▼
Equity10/15-€1.4m-€1.5m▼
Contributions10/11€0.006m€0.006m=
Profit (loss) carried forward14-€1.4m-€1.5m▼
Amounts payable17/49€1.7m€1.7m▲
Amounts payable after more than one year17€1.1m€1.1m▲
Other amounts payable178/9€1.1m€1.1m▲
Amounts payable within one year42/48€0.002m€0.001m▼
Trade debts44€0.002m€0.001m▼
Suppliers440/4€0.002m€0.001m▼
Accrued charges and deferred income492/3€0.6m€0.6m▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.07m▼
Other operating charges640/8€0.1m€0.001m▼
Gross operating margin9900€0.09m-€0.002m▼
Operating profit (loss)9901-€0.1m-€0.08m▲
Financial charges65/66B€45€179▲
Recurring financial charges65€45€179▲
Profit (loss) for the period before taxes9903-€0.1m-€0.08m▲
Profit (loss) for the period9904-€0.1m-€0.08m▲
Profit (loss) for the period to be appropriated9905-€0.1m-€0.08m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.4m-€1.5m▼
Profit (loss) brought forward from the previous period14P-€1.3m-€1.4m▼
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€33,872€0---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€124,831€121,671€132,980€117,756€74,990▼ 36.3%
Other operating charges640/8€617€750€578€95,470€607▼ 99.4%
Gross operating margin9900-€1,424€33,004-€3,577€94,239-€2,468▼ 103%
Operating profit (loss)9901-€126,872-€89,416-€137,136-€118,988-€78,066▲ 34.4%
Financial income75/76B€0-----
Recurring financial income75€0-----
Non-recurring financial income76B€0-----
Financial charges65/66B€50€108€155€45€179▲ 298%
Recurring financial charges65€50€108€155€45€179▲ 298%
Profit (loss) for the period before taxes9903-€126,922-€89,524-€137,291-€119,033-€78,245▲ 34.3%
Profit (loss) for the period9904-€126,922-€89,524-€137,291-€119,033-€78,245▲ 34.3%
Profit (loss) for the period to be appropriated9905-€126,922-€89,524-€137,291-€119,033-€78,245▲ 34.3%
Line20212022202320242025Change
Assets
Total assets20/58€0.4m€0.3m€0.3m€0.3m€0.3m▼ 4.0%
Fixed assets21/28€0.4m€0.3m€0.3m€0.2m€0.2m▲ 10.5%
Intangible fixed assets21€0.4m€0.3m€0.3m€0.2m€0.2m▲ 10.5%
Current assets29/58€0.004m€0.001m€0.001m€0.09m€0.06m▼ 32.1%
Amounts receivable within one year40/41€0.004m€0.001m€0.001m€0.09m€0.06m▼ 32.1%
Trade receivables40€0.003m€41€41€0.09m€0.06m▼ 32.3%
Other amounts receivable41€0.001m€0.001m€0.001m€9€171▲ 1,820%
Cash at bank and in hand54/58€0-----
Equity and liabilities
Total equity and liabilities10/49€0.4m€0.3m€0.3m€0.3m€0.3m▼ 4.0%
Equity10/15-€1.0m-€1.1m-€1.3m-€1.4m-€1.5m▼ 5.6%
Contributions10/11€0.006m€0.006m€0.006m€0.006m€0.006m=
Profit (loss) carried forward14-€1.0m-€1.1m-€1.3m-€1.4m-€1.5m▼ 5.6%
Amounts payable17/49€1.4m€1.5m€1.6m€1.7m€1.7m▲ 4.0%
Amounts payable after more than one year17€1.0m€1.0m€1.1m€1.1m€1.1m▲ 0.6%
Other amounts payable178/9€1.0m€1.0m€1.1m€1.1m€1.1m▲ 0.6%
Amounts payable within one year42/48€0.02m€0.007m€0.001m€0.002m€0.001m▼ 50.0%
Trade debts44€0.02m€0.007m€0.001m€0.002m€0.001m▼ 50.0%
Suppliers440/4€0.02m€0.007m€0.001m€0.002m€0.001m▼ 50.0%
Taxes, remuneration and social security45€0-----
Taxes450/3€0-----
Accrued charges and deferred income492/3€0.4m€0.4m€0.5m€0.6m€0.6m▲ 11.1%
Line20212022202320242025Change
Profit (loss) for the period9904-€126,922-€89,524-€137,291-€119,033-€78,245▲ 34.3%
+ Depreciation and write-downs630€124,831€121,671€132,980€117,756€74,990▼ 36.3%
Operating cash flow (approximation)-€2,091€32,146-€4,311-€1,277-€3,255▼ 155%
Investment in fixed assets (approximation)--€94,854-€105,237€4,642-€94,372▼ 2,133%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Comparable companies5

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 814 companies in this sector we hold annual accounts for 632. See the whole sector

Board & ownership

Parent STORM MANAGEMENT · 100%

Directors

Directors
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →

Structure & network

Part of the group STORM GROUP 69 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. STORM GROUP 99.99%
  2. STORM MANAGEMENT 100%
  3. Storm 15

Highest known parent: STORM GROUP. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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

No directors read yet: 0 of 8 Gazette acts processed.

Timeline

14 eventsLatest 28-05-2026Next filing 31-07-2027

History

Storm 15 was incorporated on 12 September 2011.1 Total assets fell from €430,976 in 2018 to €268,086 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-05
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Liquidity times 86current ratio 45.87
Current ratio from 0.53 to 45.87.
07-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Back to profitnet €29,866
Net result €29,866 after 2 loss-making years.
25-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 56 days late
2019
31-12
Financial Weakest financial yearnet -€171,928
Net result drops to -€171,928, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity quadruplescurrent ratio 7.11
Current ratio from 1.68 to 7.11; short-term debt falls from €117,663 to €16,455.
06-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 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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Company details

Private limited company · founded 12-09-2011Year ends 31-12Peppol reachable1 site

Register details

Identification
Legal formPrivate limited company
Founded12-09-2011
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
E-invoicing
Reachable via Peppol
Peppol ID 0208:0839407712
Registered 02-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2011
seat establishment The establishment unit on the map
Ground area
2.4 ha
Building footprint
2,699 m²
Parcel 11302A0095/00E008, Flanders. Linked by address, not a title deed.
177 companies at this address See who is registered here
1 establishment unit
Storm 15
Borsbeeksebrug 22, 2600 AntwerpenManufacture of machinery and equipment not elsewhere classified
since 2011unit no. 2.203.532.667
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11302A0095/00E008 Flanders 2.4 ha 1 · 2,699 m² -
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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