ACTIVE

GREEN4POWER

Financial year 2025 · Closed on 31/12/2025

Net result345 k €+191,4 %over 1 year

Revenue13 M €+16,8 %over 1 year

Equity9,4 M €+11,5 %over 1 year

Identity

Source · BCE/KBO

GREEN4POWER is a Public limited company incorporated in 2016. Its main activity is: Production of electricity. Its registered office is in Liège.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0666.984.074
Incorporation: 06/12/2016
Legal form: Public limited company
Registered office: Avenue Maurice-Destenay 13 box 2
4000 Liège · WallonieSee on map
Contributed capital: 8 900 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity

Contacts

2 public details availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 9 filings

Trend over 9 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	13 M €	+16.8%	11,1 M €	+6.8%	10,4 M €	-30.9%	15,1 M €	+123%	6,8 M €
EBITDA	11,1 M €	+18.8%	9,3 M €	+5.0%	8,9 M €	-32.6%	13,2 M €	+116%	6,1 M €
Operating result	2,4 M €	+42.8%	1,7 M €	-27.1%	2,3 M €	-68.2%	7,2 M €	+428%	1,4 M €
Net result	345 k €	+191%	-377,4 k €	-138%	1 M €	-82.6%	5,8 M €	+1001%	525 k €
Balance sheet
Equity	9,4 M €	+11.5%	8,4 M €	+18.7%	7,1 M €	+2.2%	6,9 M €	-3.1%	7,1 M €
Total assets	80,1 M €	-8.9%	87,9 M €	+1.8%	86,4 M €	+26.7%	68,2 M €	+21.7%	56 M €
Cash	2,2 M €	+64.3%	1,3 M €	-79.6%	6,5 M €	+336%	1,5 M €	-50.6%	3 M €
Debts	69,7 M €	-11.8%	79 M €	+0.4%	78,7 M €	+29.6%	60,7 M €	+25.5%	48,4 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Mathieu TAHON	Director22/02/2024 → 28/09/2028
PerPetum Europe0803.299.857Represented by Luc Leenknegt	Director08/02/2024 → 28/09/2028
Jean-Michel BAETSLE	Director15/11/2021 → 28/09/2028
Marcel DORMANN	Director28/09/2022 → 28/09/2028
SOCOFE0472.085.439Represented by Jean-Marie Breban	Director28/09/2022 → 28/09/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ernst et Young Reviseurs d'Entreprises0446.334.711Represented by Brecht (A02343) DEKETELE	Commissaire - reviseurlisted until the 2023 accounts
Jérôme FLAMENT	Director28/09/2022 → 2024 accounts
Lucrèce MEULEMEESTER	Director15/11/2021 → 2021 accounts

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ESTOR-LUX III● Active	1026.435.588
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FONDS DE PARTICIPATION WALLONIE● Active	0554.780.018
GEPART● Active	0871.229.947
Green for Power - Beta● Active	1018.955.306
Green for Power - Hélios● Active	1000.086.727
Green for Power Holdco● Active	1017.348.767
Green for Power Kappa● Active	1039.955.608

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/08/2026	14/07/2025	23/07/2024	24/07/2023	09/08/2022	28/04/2021
General meeting	30/06/2026	24/06/2025	27/06/2024	22/06/2023	11/07/2022	01/04/2021
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, 9 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	10/08/2026	French	PDF
Full model	31/12/2024	24/06/2025	14/07/2025	French	PDF
Full model	31/12/2023	27/06/2024	23/07/2024	French	PDF
Full model	31/12/2022	22/06/2023	24/07/2023	French	PDF
Full model	31/12/2021	11/07/2022	09/08/2022	French	PDF
Full model	31/12/2020	01/04/2021	28/04/2021	French	PDF
Full model	31/12/2019	02/04/2020	10/04/2020	French	PDF
Full model	31/12/2018	04/04/2019	26/04/2019	French	PDF
Full model	31/12/2017	19/04/2018	26/04/2018	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Mathieu TAHON	Director22/02/2024 → 28/09/2028
PerPetum Europe0803.299.857Represented by Luc Leenknegt	Director08/02/2024 → 28/09/2028
Jean-Michel BAETSLE	Director15/11/2021 → 28/09/2028
Marcel DORMANN	Director28/09/2022 → 28/09/2028
SOCOFE0472.085.439Represented by Jean-Marie Breban	Director28/09/2022 → 28/09/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ernst et Young Reviseurs d'Entreprises0446.334.711Represented by Brecht (A02343) DEKETELE	Commissaire - reviseurlisted until the 2023 accounts
Jérôme FLAMENT	Director28/09/2022 → 2024 accounts
Lucrèce MEULEMEESTER	Director15/11/2021 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Capital / shares25/07/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - CAPITAL, ACTIONS
PDF
Capital / shares08/07/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Capital / shares25/09/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - ASSEMBLEE GENERALE
PDF
Other19/09/2024
DIVERS
PDF
Mandates10/04/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates11/10/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates27/01/2022
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Registered office30/11/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL
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

Filings9 filings

Mandates

Mathieu TAHON

PerPetum Europe

SOCOFE

Marcel DORMANN

Jean-Michel BAETSLÉ

Ernst et Young Reviseurs d'Entreprises

Jérôme FLAMENT

Perpetum Energy Holding

Lucrèce MEULEMEESTER

Act-unity

Julien DESSART

PricewaterhouseCoopers Reviseurs d'Entreprises

Show the 6 other mandates

2016201720182019202020212022202320242025202620272028

GREEN4POWER

Avenue Maurice-Destenay 13 bte 2, 4000 LiègeAvenue Maurice-Destenay 13 bte 2, 4000 Liège

Director

Accountant - Belastingconsulent

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Maurice-Destenay 13 bte 2, 4000 LiègeCurrent	accounts 2025	Accounts 2025 · 2026-00393583
Avenue Maurice Destenay 13/2, 4000 Liège	accounts 2024	Accounts 2024 · 2025-00268084
Avenue Maurice-Destenay 13 bte 2, 4000 Liège	accounts 2022 → 2023	Accounts 2023 · 2024-00279250
Rue des Guillemins 139, 4000 Liège	accounts 2021	Accounts 2021 · 2022-20290393

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
GREEN4POWERCurrent	accounts 2017 → 2025	Accounts 2025 · 2026-00393583

Events

2025
Annual accounts 2025345 k €↑
25/06/2025
reduction_capital
25/06/2025
autre
2024
Annual accounts 2024-377,4 k €↓
19/09/2024
augmentation_capital
22/02/2024
nominationMathieu Tahon · administrateur A
08/02/2024
nominationPerPetum Europe NV · administrateur A
08/02/2024
nominationErnst and Young Bedrijfsrevisoren · commissaire
2023
Annual accounts 20231 M €↓
2022
Annual accounts 20225,8 M €↑
28/09/2022
nominationPerpetum Energy Holding · administrateur Classe A
28/09/2022
nominationFLAMENT Jérôme Médard Henri Ghislain · administrateur Classe A
28/09/2022
nominationBAETSLE Jean-Michel Hubert Albert · administrateur Classe A
28/09/2022
nominationSOCOFE · administrateur Classe B
28/09/2022
nominationDORMANN Marcel Henri · administrateur Classe B
2021
Annual accounts 2021525 k €↓
2020
Annual accounts 2020571,5 k €↑
2019
Annual accounts 2019448,6 k €↑
2018
Annual accounts 2018310,5 k €↑
2017
Annual accounts 2017-108 k €
06/12/2016
IncorporationPublic limited company

GREEN4POWER

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