ACTIVE

Power Online

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Financial year 2025 · Closed on 31/12/2025

Net result30,5 M €+109,8 %over 1 year

Revenue574,7 M €-9,8 %over 1 year

Equity35,1 M €+78,4 %over 1 year

Workforce21,1 ETP+12,8 %over 1 year

Identity

Source · BCE/KBO

Power Online is a Public limited company incorporated in 2013. Its main activity is: Trade of electricity. Its registered office is in Liège. It employs on average 21,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0535.615.192
Incorporation: 11/06/2013
Legal form: Public limited company
Registered office: Rue Natalis 2
4020 Liège · WallonieSee on map
Contributed capital: 300 000,00 €
Latest accounts: 31/12/2025
Average workforce: 21,1 ETP

Activities (NACE)

35140Trade of electricity· main 35150Electric power generation, transmission and distribution 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 46710Wholesale of solid, liquid and gaseous fuels and related products 46810Wholesale trade, except of motor vehicles and motorcycles+4

Joint committees (2)

Contacts

1 public detail availableLog in to view

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 12 filings

Trend over 11 financial years

	2025		2024		2022		2021		2020
Income statement
Revenue	574,7 M €	-9.8%	637,3 M €	-5.1%	671,5 M €	+37.4%	488,6 M €	+72.7%	283 M €
EBITDA	63,1 M €	+48.1%	42,6 M €	+699%	5,3 M €	-40.8%	9 M €	-52.3%	18,9 M €
Operating result	39,6 M €	+83.7%	21,5 M €	+538%	-4,9 M €	-379%	1,8 M €	-85.2%	11,9 M €
Net result	30,5 M €	+110%	14,5 M €	+344%	-5,9 M €	-827%	817,6 k €	-90.2%	8,3 M €
Balance sheet
Equity	35,1 M €	+78.4%	19,7 M €	+283%	5,1 M €	-53.6%	11,1 M €	+8.0%	10,3 M €
Total assets	198 M €	+13.8%	173,9 M €	-8.2%	189,4 M €	+31.2%	144,4 M €	+25.0%	115,5 M €
Cash	24,1 M €	-12.7%	27,6 M €	-25.1%	36,8 M €	+976%	3,4 M €	+71.3%	2 M €
Debts	162,5 M €	+5.4%	154,2 M €	-12.2%	175,6 M €	+34.5%	130,5 M €	+25.6%	103,9 M €
Other
Workforce	21,1 ETP	+12.8%	18,7 ETP	-16.1%	22,3 ETP	+38.5%	16,1 ETP	+27.8%	12,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MICHAEL CORHAY	Mandatesince 01/03/2019Chairman of the board of directorslisted until the 2018 accountsendedManaging director26/09/2013 → 16/06/2019ended
PIETER SCHOEN	MandateDirector01/03/2019 → 2020 accountsended
THOMAS COUNE	MandateManaging director01/03/2019 → 2020 accountsendedDirector10/06/2013 → 2016 accountsended
MEGA GROUP INTERNATIONAL SA0734.648.009Represented by Thomas Coune	Mandate
Ronald VAN DER HEIDE	Mandate

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
TEUNIS DE ROOIJ	Director01/03/2019 → 2020 accounts
Laurent MINGUET	Managing directorlisted until the 2016 accountsChairman of the board of directors14/06/2017 → 2019 accounts

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Centre Médical Athena● Active	0740.546.795
CHEVALIER● Active	0473.940.020
COGESTIM● Active	0506.972.973
DEMINA● Active	0668.438.876
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FLY WIN● Active	0542.515.258

Full financial information

Source · NBB

	2025	2024	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2025	30/09/2024	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	15 months	21 months	12 months	12 months	12 months	12 months
Filing date	12/05/2026	11/03/2025	04/08/2023	25/06/2022	30/03/2021	30/06/2020
General meeting	17/04/2026	07/03/2025	02/06/2023	16/06/2022	26/03/2021	22/06/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 12 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	17/04/2026	12/05/2026	French	PDF
Full model	30/09/2024	07/03/2025	11/03/2025	French	PDF
Full modelCorrection	31/12/2022	02/06/2023	04/08/2023	French	PDF
Full model	31/12/2022	02/06/2023	24/07/2023	French	PDF
Full model	31/12/2021	16/06/2022	25/06/2022	French	PDF
Full model	31/12/2020	26/03/2021	30/03/2021	French	PDF
Full model	31/12/2019	22/06/2020	30/06/2020	French	PDF
Full model	31/12/2018	17/06/2019	03/07/2019	French	PDF
Full model	31/12/2017	18/06/2018	18/07/2018	French	PDF
Abridged model	31/12/2016	14/06/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	16/06/2016	28/07/2016	French	PDF
Abridged model	31/12/2014	16/06/2015	29/07/2015	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MICHAEL CORHAY	Mandatesince 01/03/2019Chairman of the board of directorslisted until the 2018 accountsendedManaging director26/09/2013 → 16/06/2019ended
PIETER SCHOEN	MandateDirector01/03/2019 → 2020 accountsended
THOMAS COUNE	MandateManaging director01/03/2019 → 2020 accountsendedDirector10/06/2013 → 2016 accountsended
MEGA GROUP INTERNATIONAL SA0734.648.009Represented by Thomas Coune	Mandate
Ronald VAN DER HEIDE	Mandate

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
TEUNIS DE ROOIJ	Director01/03/2019 → 2020 accounts
Laurent MINGUET	Managing directorlisted until the 2016 accountsChairman of the board of directors14/06/2017 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates02/09/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates20/03/2024
DEMISSIONS, NOMINATIONS
PDF
Other21/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates19/04/2023
DEMISSIONS, NOMINATIONS
PDF
Other15/07/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates10/08/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates31/07/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates24/12/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings11 filings

Mandates

MEGA GROUP INTERNATIONAL SA

PIETER SCHOEN

Ronald VAN DER HEIDE

THOMAS COUNE

Michael CORHAY

TEUNIS DE ROOIJ

LAURENT MINGUET

Sébastien RYHON

Sébastien RHYON

20132014201520162017201820192020202120222023202420252026

Power Online

Rue Natalis 2, 4020 Liège-4020

Director

Managing directorDirector

Managing director

Director

Chairman of the board of directorsManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Natalis 2, 4020 Liège-4020Current	accounts 2021 → 2025	Accounts 2025 · 2026-00109475

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Power OnlineCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00109475

Events

2025
Annual accounts 202530,5 M €↑
28/08/2025
nominationMEGA GROUP INTERNATIONAL SA · administrateur
2024
Annual accounts 202414,5 M €↑
28/07/2023
nominationChristophe PELZER · représentant permanent chargé d'exécuter le mandat de commissaire
15/02/2023
nominationRonald van der Heide · administrateur
2022
Annual accounts 2022-5,9 M €↓
2021
Annual accounts 2021817,6 k €↓
2020
Annual accounts 20208,3 M €↑
2019
Annual accounts 20195,2 M €↑
2018
Annual accounts 20181,3 M €↑
2017
Annual accounts 2017758,1 k €↑
2016
Annual accounts 2016447,6 k €↑
2015
Annual accounts 201599,5 k €↑
2014
Annual accounts 2014-288,5 k €
11/06/2013
IncorporationPublic limited company

Power Online

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events