ACTIVE

Grid Solutions Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result1,6 M €+87,2 %over 1 year
Revenue42 M €+72,3 %over 1 year
Equity14,7 M €+12,3 %over 1 year
Workforce35,0 ETP+2,9 %over 1 year

Identity

Source · BCE/KBO

Grid Solutions Belgium is a Private limited company incorporated in 2013. Its main activity is: Manufacture of electric motors, generators and transformers. Its registered office is in Verviers. It employs on average 35,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0542.505.162
Incorporation
27/11/2013
Legal form
Private limited company
Registered office
Rue des Ormes 109
4800 Verviers · WallonieSee on map
Contributed capital
1 087 070,00 €
Latest accounts
31/12/2025
Average workforce
35,0 ETP
Joint committees (1)
  • 209
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 14 filings

Trend over 11 financial years

20252024202320222021
Income statement
Revenue42 M €24,4 M €25,2 M €17 M €24,8 M €
EBITDA1,8 M €632,1 k €730,3 k €1,9 M €1,2 M €
Operating result1,6 M €746,2 k €802,9 k €1,9 M €722 k €
Net result1,6 M €861,4 k €815 k €1,4 M €525,6 k €
Balance sheet
Equity14,7 M €13,1 M €12,2 M €11,4 M €10 M €
Total assets55,6 M €30,8 M €21,3 M €22,5 M €21,7 M €
Cash38,7 M €16,6 M €13,4 M €15,5 M €12,5 M €
Debts26,6 M €15,3 M €7,2 M €8,8 M €9,7 M €
Other
Workforce35,0 ETP34,0 ETP30,5 ETP29,4 ETP29,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 17 ended

Active mandates

Bournat Stéphanie

Mandate

Active
Guillaume ZAGDOUN

Mandate

Active
Roger NICOLAYE

Mandate

Active

Ended mandates

Hongmei SUO

Manager · since 17 mai 2019

Ended
Guillaume ZAGDOUN

Manager · since 01 janvier 2018

Ended
Jocelyn GRANGEON

Manager · since 09 décembre 2015 · until 17 mai 2019

Ended
Jocelyn GRANGEON

Manager · since 09 décembre 2015 · until 21 juin 2021

Ended

Other companies at this address

Rue des Ormes 109 4800 Verviers
CompanyCBE no.
GE RENEWABLE BELGIUM● Active
0550.578.631
GE Steam Power Belgium● Active
0775.680.888

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202630/06/202528/06/202430/06/202324/06/202222/06/2021
General meeting30/06/202630/06/202528/06/202430/06/202317/06/202221/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202630/06/2026FrenchPDF
Full model31/12/202430/06/202530/06/2025FrenchPDF
Full model31/12/202328/06/202428/06/2024FrenchPDF
Full model31/12/202230/06/202330/06/2023FrenchPDF
Full model31/12/202117/06/202224/06/2022FrenchPDF
Full model31/12/202021/06/202122/06/2021FrenchPDF
Full model31/12/201927/11/202030/11/2020FrenchPDF
Full model31/12/201820/12/201909/01/2020FrenchPDF
Full model31/12/201715/03/201918/03/2019FrenchPDF
Full modelCorrection31/12/201619/06/201704/01/2018FrenchPDF
Full model31/12/201619/06/201720/07/2017FrenchPDF
Full model31/12/201530/06/201628/07/2016FrenchPDF
Full model31/03/201520/07/201525/11/2015FrenchPDF
Full model31/03/201422/07/201427/10/2014FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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

3 active · 17 ended

Active mandates

Bournat Stéphanie

Mandate

Active
Guillaume ZAGDOUN

Mandate

Active
Roger NICOLAYE

Mandate

Active

Ended mandates

Hongmei SUO

Manager · since 17 mai 2019

Ended
Guillaume ZAGDOUN

Manager · since 01 janvier 2018

Ended
Jocelyn GRANGEON

Manager · since 09 décembre 2015 · until 17 mai 2019

Ended
Jocelyn GRANGEON

Manager · since 09 décembre 2015 · until 21 juin 2021

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates19/03/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/02/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/12/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/10/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/01/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/09/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/01/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/06/2018
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251,6 M €↑
  2. 2024
    Annual accounts 2024861,4 k €↑
  3. 02/07/2024
    nominationStéphanie, Marie Ghislaine, Bournat — Gérant
  4. 2023
    Annual accounts 2023815 k €↓
  5. 2022
    Annual accounts 20221,4 M €↑
  6. 2021
    Annual accounts 2021525,6 k €↑
  7. 2020
    Annual accounts 2020335,8 k €↓
  8. 2019
    Annual accounts 20191,3 M €↑
  9. 2018
    Annual accounts 2018962,7 k €↑
  10. 2017
    Annual accounts 2017890,8 k €↓
  11. 2016
    Annual accounts 20161,7 M €↑
  12. 2015
    Annual accounts 20151,2 M €
  13. 27/11/2013
    IncorporationPrivate limited company