ACTIVE

GREEN4POWER

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Financial year 2025 · closed on 31/12/2025
Net result
345 k €
+191.4% YoY
Revenue
13 M €
+16.8% YoY
Equity
9,4 M €
+11.5% YoY

What does GREEN4POWER do?

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· main35110Production of electricity64200Activities of holding companies64210Activities of holding companies68100Buying and selling of own real estate68110Buying and selling of own real estate+2
Signals
ProfitablePositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Revenue13 M €11,1 M €10,4 M €15,1 M €6,8 M €5,3 M €3,1 M €1,7 M €28,6 k €
EBITDA11,1 M €9,3 M €8,9 M €13,2 M €6,1 M €4,9 M €2,9 M €1,6 M €18,8 k €
Operating result2,4 M €1,7 M €2,3 M €7,2 M €1,4 M €1,3 M €886,8 k €592,6 k €-28,3 k €
Net result345 k €-377,4 k €1 M €5,8 M €525 k €571,5 k €448,6 k €310,5 k €-108 k €
Balance sheet
Equity9,4 M €8,4 M €7,1 M €6,9 M €7,1 M €6,6 M €3,4 M €2,9 M €1,2 M €
Total assets80,1 M €87,9 M €86,4 M €68,2 M €56 M €56,4 M €37,4 M €19,2 M €10,6 M €
Cash2,2 M €1,3 M €6,5 M €1,5 M €3 M €11,3 M €878,3 k €3,2 M €128,8 k €
Debts69,7 M €79 M €78,7 M €60,7 M €48,4 M €49,3 M €33,6 M €15,9 M €9,1 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 40 ended

Active mandates

Mathieu TAHON

Director · since 22 février 2024 · until 28 septembre 2028

Active
PerPetum Europe

Director · since 08 février 2024 · until 28 septembre 2028 · 0803.299.857

Represented by Luc Leenknegt

Active
Jean-Michel BAETSLÉ

Director · since 28 septembre 2022 · until 28 septembre 2028

Active
Marcel DORMANN

Director · since 28 septembre 2022 · until 28 septembre 2028

Active
SOCOFE

Director · since 28 septembre 2022 · until 28 septembre 2028 · 0472.085.439

Represented by Jean-Marie Breban

Active

Ended mandates

Mathieu TAHON

Director · since 22 février 2024

Ended
Ernst et Young Reviseurs d'Entreprises

Commissaire - reviseur · since 08 février 2024 · until 02 avril 2026 · 0446.334.711

Represented by Brecht (A02343) DEKETELE

Ended
PerPetum Europe

Director · since 08 février 2024 · 0803.299.857

Represented by Luc LEENKNEGT

Ended
Jean-Michel BAETSLE

Director · since 28 septembre 2022 · until 27 septembre 2028

Ended
At this address

Other companies at this address

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AMERIGO● Active
0771.407.148
ARCEO● Active
0865.732.522
ARCEO ENGINEERING● Liquidation
0894.304.267
ARJEMO● Active
0887.233.957
B.E. Fin● Active
0419.202.029
BELWING● Active
0674.535.327
CENTRE D'AFFAIRES LIEGE AVROY● Active
0842.182.209
Durobor Real Estate● Active
0843.107.667
Entreprise wallonne pour l'accélération de la transition énergétique● Active
0798.422.341
ESPACE FINANCEMENT● Active
0553.753.006
ESTOR-LUX● Active
0749.614.317
Estor-Lux II● Active
0791.483.574
ESTOR-LUX III● Active
1026.435.588
FNX Ventures● Active
1006.450.422
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
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Green for Power Holdco● Active
1017.348.767
Green for Power Kappa● Active
1039.955.608
Annual accounts

Full financial information

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 date10/08/202614/07/202523/07/202424/07/202309/08/202228/04/2021
General meeting30/06/202624/06/202527/06/202422/06/202311/07/202201/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202610/08/2026FrenchPDF
Full model31/12/202424/06/202514/07/2025FrenchPDF
Full model31/12/202327/06/202423/07/2024FrenchPDF
Full model31/12/202222/06/202324/07/2023FrenchPDF
Full model31/12/202111/07/202209/08/2022FrenchPDF
Full model31/12/202001/04/202128/04/2021FrenchPDF
Full model31/12/201902/04/202010/04/2020FrenchPDF
Full model31/12/201804/04/201926/04/2019FrenchPDF
Full model31/12/201719/04/201826/04/2018FrenchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 40 ended

Active mandates

Mathieu TAHON

Director · since 22 février 2024 · until 28 septembre 2028

Active
PerPetum Europe

Director · since 08 février 2024 · until 28 septembre 2028 · 0803.299.857

Represented by Luc Leenknegt

Active
Jean-Michel BAETSLÉ

Director · since 28 septembre 2022 · until 28 septembre 2028

Active
Marcel DORMANN

Director · since 28 septembre 2022 · until 28 septembre 2028

Active
SOCOFE

Director · since 28 septembre 2022 · until 28 septembre 2028 · 0472.085.439

Represented by Jean-Marie Breban

Active

Ended mandates

Mathieu TAHON

Director · since 22 février 2024

Ended
Ernst et Young Reviseurs d'Entreprises

Commissaire - reviseur · since 08 février 2024 · until 02 avril 2026 · 0446.334.711

Represented by Brecht (A02343) DEKETELE

Ended
PerPetum Europe

Director · since 08 février 2024 · 0803.299.857

Represented by Luc LEENKNEGT

Ended
Jean-Michel BAETSLE

Director · since 28 septembre 2022 · until 27 septembre 2028

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 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

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

Timeline

  1. 2025
    Annual accounts 2025345 k €↑
  2. 25/06/2025
    reduction_capital
  3. 25/06/2025
    autre
  4. 2024
    Annual accounts 2024-377,4 k €↓
  5. 19/09/2024
    augmentation_capital
  6. 22/02/2024
    nominationMathieu Tahon — administrateur A
  7. 08/02/2024
    nominationPerPetum Europe NV — administrateur A
  8. 08/02/2024
    nominationErnst and Young Bedrijfsrevisoren — commissaire
  9. 2023
    Annual accounts 20231 M €↓
  10. 2022
    Annual accounts 20225,8 M €↑
  11. 28/09/2022
    nominationPerpetum Energy Holding — administrateur Classe A
  12. 28/09/2022
    nominationFLAMENT Jérôme Médard Henri Ghislain — administrateur Classe A
  13. 28/09/2022
    nominationBAETSLE Jean-Michel Hubert Albert — administrateur Classe A
  14. 28/09/2022
    nominationSOCOFE — administrateur Classe B
  15. 28/09/2022
    nominationDORMANN Marcel Henri — administrateur Classe B
  16. 2021
    Annual accounts 2021525 k €↓
  17. 2020
    Annual accounts 2020571,5 k €↑
  18. 2019
    Annual accounts 2019448,6 k €↑
  19. 2018
    Annual accounts 2018310,5 k €↑
  20. 2017
    Annual accounts 2017-108 k €
  21. 06/12/2016
    IncorporationPublic limited company