ACTIVE

ECOWATT

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Financial year 2024 · closed on 31/12/2024

Net result

-35,3 k €

-258.6% YoY

Gross margin

-13 k €

-38.3% YoY

Equity

2,8 M €

-1.2% YoY

What does ECOWATT do?

ECOWATT is a Public limited company incorporated in 1991. Its main activity is: Production of electricity. Its registered office is in Heusden-Zolder.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.116.577

Incorporation

23/04/1991

Legal form

Public limited company

Registered office

Sint-Willibrordusplein 13 box 3
3550 Heusden-Zolder · FlandreSee on map

Contributed capital

1 844 297,82 €

Latest accounts

31/12/2024

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 40110Production d'électricité 70200Management consultancy activities

Joint committees (2)

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-13 k €	-38.3%	-9,4 k €	+51.7%	-19,5 k €	-260%	12,2 k €	-90.8%	132,4 k €	+5902%	-2,3 k €	-103%	81,1 k €	+4110%	-2 k €	+93.2%	-29,7 k €	-337%	-6,8 k €	-189%	7,6 k €	-34.9%	11,7 k €	-94.6%	216 k €		–		–		–		–
EBITDA	-35,2 k €	-237%	-10,4 k €	+48.9%	-20,4 k €	-426%	6,3 k €	-95.2%	131,4 k €	+3896%	-3,5 k €	-104%	80,2 k €	+4003%	-2,1 k €	+93.5%	-31,5 k €	-110%	-15 k €	+75.4%	-60,9 k €	+21.7%	-77,8 k €	-153%	147,6 k €	+56.7%	94,3 k €	+126%	-357,5 k €	-325%	158,6 k €	+7937%	-2 k €
Operating result	-35,2 k €	-237%	-10,4 k €	+48.9%	-20,4 k €	-426%	6,3 k €	-95.2%	131,4 k €	+3896%	-3,5 k €	-104%	80,2 k €	+4003%	-2,1 k €	+93.5%	-31,5 k €	-110%	-15 k €	+75.4%	-60,9 k €	+21.7%	-77,8 k €	-153%	146,9 k €	+69.3%	86,8 k €	+124%	-365 k €	-342%	150,6 k €	+1142%	-14,5 k €
Net result	-35,3 k €	-259%	-9,8 k €	-120%	48,2 k €	+2048%	2,2 k €	-98.3%	131,4 k €	+3819%	-3,5 k €	-105%	72 k €	+3427%	-2,2 k €	+87.5%	-17,3 k €	+95.8%	-411,1 k €	-505%	-68 k €	+16.3%	-81,2 k €	-205%	77 k €	-95.4%	1,7 M €	+612%	-326,3 k €	-778%	48,1 k €	+7.4%	44,8 k €
Balance sheet
Equity	2,8 M €	-1.2%	2,9 M €	-0.3%	2,9 M €	+1.7%	2,8 M €	+0.1%	2,8 M €	+4.9%	2,7 M €	-0.1%	2,7 M €	+2.8%	2,6 M €	-0.1%	2,6 M €	-0.7%	2,6 M €	-17.1%	3,2 M €	-2.1%	3,2 M €	-2.4%	3,3 M €	+2.4%	3,2 M €	+45.5%	2,2 M €	-12.8%	2,6 M €	+1.9%	2,5 M €
Total assets	2,9 M €	+0.4%	2,9 M €	-0.1%	2,9 M €	+0.2%	2,9 M €	+0.1%	2,9 M €	-0.6%	2,9 M €	-0.1%	2,9 M €	+0.0%	2,9 M €	-0.3%	2,9 M €	-0.4%	2,9 M €	-24.4%	3,8 M €	+0.5%	3,8 M €	+0.3%	3,8 M €	-34.8%	5,9 M €	+9.3%	5,4 M €	+1.0%	5,3 M €	-6.0%	5,6 M €
Cash	419,1 €	+456%	75,3 €	-36.1%	117,9 €	-49.2%	232,2 €	-97.2%	8,2 k €	+10072%	80,9 €	-96.1%	2,1 k €	+59589%	3,5 €	-99.1%	386,4 €	-96.6%	11,4 k €	+2850%	387,2 €	-89.6%	3,7 k €	+1009%	336 €		–		3,3 k €	-34.9%	5,1 k €	-79.7%	25,1 k €
Debts	65,5 k €	+268%	17,8 k €	+77.9%	10 k €	-81.7%	54,6 k €	+3.7%	52,7 k €	-73.9%	201,9 k €	+0.6%	200,7 k €	-26.4%	272,6 k €	-2.6%	279,8 k €	+1.7%	275,3 k €	-59.1%	673,6 k €	+14.7%	587,2 k €	+19.1%	493,1 k €	-81.1%	2,6 M €	-16.5%	3,1 M €	+13.9%	2,7 M €	-12.3%	3,1 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		2,2 ETP	0.0%	2,2 ETP	0.0%	2,2 ETP	0.0%	2,2 ETP	0.0%	2,2 ETP	-4.3%	2,3 ETP	-43.9%	4,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 20 ended

Active mandates

SB3

Director · since 01 septembre 2012 · 0893.810.953

Represented by Anna-Belle BUYSE

Active

Ended mandates

SB3

Managing director · since 09 avril 2021 · until 09 avril 2027 · 0893.810.953

Represented by Anna-Belle Buyse

Ended

SB3

Director · since 11 avril 2015 · until 11 avril 2021 · 0893.810.953

Represented by Anna-Belle BUYSE

Ended

SB3

Director · since 01 septembre 2014 · until 21 mars 2021 · 0893.810.953

Ended

SB3

Director · since 01 septembre 2014 · until 21 mars 2021 · 0893.810.953

Ended

At this address

Other companies at this address

Company	CBE no.
SB3● Active	0893.810.953
Vereniging van mede-eigenaars Residentie DB● Active	0839.195.203

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/07/2025	19/08/2024	30/08/2023	24/08/2022	30/09/2021	26/08/2020
General meeting	10/06/2025	12/04/2024	14/04/2023	08/04/2022	09/04/2021	10/04/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	10/06/2025	10/07/2025	Dutch	PDF
Abridged model	31/12/2023	12/04/2024	19/08/2024	Dutch	PDF
Abridged model	31/12/2022	14/04/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	08/04/2022	24/08/2022	Dutch	PDF
Micro model	31/12/2020	09/04/2021	30/09/2021	Dutch	PDF
Micro model	31/12/2019	10/04/2020	26/08/2020	Dutch	PDF
Micro model	31/12/2018	12/04/2019	26/11/2019	Dutch	PDF
Abridged model	31/12/2017	13/04/2018	02/07/2018	Dutch	PDF
Abridged model	31/12/2016	14/04/2017	25/08/2017	Dutch	PDF
Abridged model	31/12/2015	21/03/2016	03/05/2016	Dutch	PDF
Abridged model	31/12/2014	10/04/2015	11/08/2015	Dutch	PDF
Abridged model	31/12/2012	16/12/2013	20/12/2013	Dutch	PDF
Abridged model	31/12/2011	17/04/2013	19/04/2013	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	24/08/2011	Dutch	PDF
Full model	31/12/2009	27/08/2010	31/08/2010	Dutch	PDF
Full model	31/12/2008	12/11/2009	22/12/2009	Dutch	PDF
Full model	31/12/2007	27/06/2008	25/07/2008	Dutch	PDF
Full model	31/12/2006	20/06/2007	17/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 20 ended

Active mandates

SB3

Director · since 01 septembre 2012 · 0893.810.953

Represented by Anna-Belle BUYSE

Active

Ended mandates

SB3

Managing director · since 09 avril 2021 · until 09 avril 2027 · 0893.810.953

Represented by Anna-Belle Buyse

Ended

SB3

Director · since 11 avril 2015 · until 11 avril 2021 · 0893.810.953

Represented by Anna-Belle BUYSE

Ended

SB3

Director · since 01 septembre 2014 · until 21 mars 2021 · 0893.810.953

Ended

SB3

Director · since 01 septembre 2014 · until 21 mars 2021 · 0893.810.953

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/10/2016
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/10/2016
ONTSLAGEN - BENOEMINGEN
PDF
Court decision17/02/2015
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
PDF
Registered office26/03/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/07/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/08/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2008
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 2024-35,3 k €↓
2023
Annual accounts 2023-9,8 k €↓
2022
Annual accounts 202248,2 k €↑
2021
Annual accounts 20212,2 k €↓
2020
Annual accounts 2020131,4 k €↑
2019
Annual accounts 2019-3,5 k €↓
2018
Annual accounts 201872 k €↑
2017
Annual accounts 2017-2,2 k €↑
2016
Annual accounts 2016-17,3 k €↑
2015
Annual accounts 2015-411,1 k €↓
2012
Annual accounts 2012-68 k €↑
2011
Annual accounts 2011-81,2 k €↓
2010
Annual accounts 201077 k €↓
2009
Annual accounts 20091,7 M €↑
2008
Annual accounts 2008-326,3 k €↓
2007
Annual accounts 200748,1 k €↑
2006
Annual accounts 200644,8 k €
23/04/1991
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ECOWATT

Overview

What does ECOWATT do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline