ACTIVE

KVNRG

Financial year 2025 · Closed on 31/12/2025

Net result864,5 k €-48,5 %over 1 year

Gross margin1,2 M €-49,3 %over 1 year

Equity759,7 k €-52,4 %over 1 year

Identity

Source · BCE/KBO

KVNRG is a Public limited company incorporated in 2009. Its main activity is: Production of electricity. Its registered office is in Tournai.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0810.309.294
Incorporation: 10/03/2009
Legal form: Public limited company
Registered office: Rue As-Pois(TOU) 4A
7500 Tournai · WallonieSee on map
Contributed capital: 250 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 25530Forging, pressing, stamping and roll-forming of metal; powder metallurgy 25620Machining 28150Manufacture of bearings, gears, gearing and driving elements 28150Manufacture of bearings, gears, gearing and driving elements+6

Contacts

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Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 16 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,2 M €	-49.3%	2,4 M €	-42.0%	4,1 M €	+28.5%	3,2 M €	+78.6%	1,8 M €
EBITDA	1,1 M €	-50.8%	2,3 M €	-33.8%	3,5 M €	+11.6%	3,1 M €	+81.6%	1,7 M €
Operating result	1,1 M €	-50.5%	2,3 M €	-34.0%	3,5 M €	+11.7%	3,1 M €	+170%	1,2 M €
Net result	864,5 k €	-48.5%	1,7 M €	-36.8%	2,7 M €	+13.2%	2,3 M €	+147%	949,7 k €
Balance sheet
Equity	759,7 k €	-52.4%	1,6 M €	+42.8%	1,1 M €	+60.5%	696 k €	+153%	275 k €
Total assets	3,6 M €	-10.5%	4 M €	-20.1%	5 M €	+41.4%	3,6 M €	+158%	1,4 M €
Cash	2,1 M €	+78.1%	1,2 M €	-63.5%	3,2 M €	+79.5%	1,8 M €	+257%	504,2 k €
Debts	2,4 M €	+19.9%	2 M €	-32.2%	3 M €	+18.7%	2,5 M €	+219%	790,6 k €

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

4 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
APAGA Management0830.647.028Represented by Pierre Mat	Director04/06/2012 → 28/03/2031
BOIS CAHU0829.229.442Represented by Benoit Mat	Director04/06/2012 → 28/03/2031
CHADRO0821.907.526Represented by Hubert Ewbank de Wespin	Director04/06/2012 → 28/03/2031
VENTIS0477.540.896Represented by Pierre Mat	Personne déléguée à la gestion journalière28/03/2025 → 28/03/2031

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Benoit Mat	Director05/03/2009 → 2011 accounts
Hubert Ewbank De Wespin	Director05/03/2009 → 2011 accounts
Pierre Mat	Managing director05/03/2009 → 2011 accounts

Other companies at this address

Rue As-Pois(TOU) 4A 7500 Tournai

Company	CBE no.
Eole Agri Enviro● Active	0682.408.559
EOLIENNES DE LA FONTAINE● Active	0737.767.944
FRASNES-LES-VENTS● Active	0536.795.921
MADUF● Active	0775.335.351
MAGNA WIND PARK● Active	0568.568.567
PARC ÉOLIEN DU GAILLARD● Active	0450.241.336
TABNRG● Active	0823.789.326
VENTIS● Active	0477.540.896
WINDLOG● Active	0776.490.641

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	12/06/2026	19/06/2025	14/06/2024	29/06/2023	08/06/2022	15/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	06/06/2022	07/06/2021
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, 16 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	12/06/2026	French	PDF
Abridged model	31/12/2024	02/06/2025	19/06/2025	French	PDF
Abridged model	31/12/2023	03/06/2024	14/06/2024	French	PDF
Abridged model	31/12/2022	05/06/2023	29/06/2023	French	PDF
Abridged model	31/12/2021	06/06/2022	08/06/2022	French	PDF
Abridged model	31/12/2020	07/06/2021	15/06/2021	French	PDF
Abridged model	31/12/2019	02/06/2020	24/06/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	19/06/2019	French	PDF
Abridged model	31/12/2017	04/06/2018	12/07/2018	French	PDF
Abridged model	31/12/2016	06/06/2017	23/06/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	27/06/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	19/06/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	27/06/2014	French	PDF
Abridged model	31/12/2012	07/06/2013	14/06/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	19/06/2012	French	PDF
Abridged model	31/12/2010	04/06/2011	14/06/2011	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

4 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
APAGA Management0830.647.028Represented by Pierre Mat	Director04/06/2012 → 28/03/2031
BOIS CAHU0829.229.442Represented by Benoit Mat	Director04/06/2012 → 28/03/2031
CHADRO0821.907.526Represented by Hubert Ewbank de Wespin	Director04/06/2012 → 28/03/2031
VENTIS0477.540.896Represented by Pierre Mat	Personne déléguée à la gestion journalière28/03/2025 → 28/03/2031

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Benoit Mat	Director05/03/2009 → 2011 accounts
Hubert Ewbank De Wespin	Director05/03/2009 → 2011 accounts
Pierre Mat	Managing director05/03/2009 → 2011 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates06/03/2026
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates01/04/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Registered office17/03/2023
SIEGE SOCIAL
PDF
Mandates27/07/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office25/06/2021
SIEGE SOCIAL
PDF
Mandates03/10/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates13/11/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates19/07/2017
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

Filings16 filings

Mandates

VENTIS

CHADRO

BOIS CAHU

APAGA Management

Pierre Mat

Benoit Mat

Hubert Ewbank De Wespin

20092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

KVNRG

Rue As-Pois 4 bte A, 7500 Tournai

Personne déléguée à la gestion journalière

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue As-Pois(TOU) 4A, 7500 TournaiCurrent		CBE
Rue As-Pois 4 bte A, 7500 Tournai	accounts 2021 → 2025	Accounts 2025 · 2026-00168966

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
KVNRGCurrent	accounts 2010 → 2025	Accounts 2025 · 2026-00168966

Events

2025
Annual accounts 2025864,5 k €↓
2024
Annual accounts 20241,7 M €↓
2023
Annual accounts 20232,7 M €↑
2022
Annual accounts 20222,3 M €↑
2021
Annual accounts 2021949,7 k €↓
2020
Annual accounts 2020979,5 k €↑
2019
Annual accounts 2019935,6 k €↑
2018
Annual accounts 2018479,4 k €↓
2017
Annual accounts 2017552,1 k €↑
2016
Annual accounts 2016475,5 k €↓
2015
Annual accounts 20151,5 M €↑
2014
Annual accounts 20141,4 M €↑
2013
Annual accounts 20131,1 M €↓
2012
Annual accounts 20121,2 M €↑
2011
Annual accounts 2011959,5 k €↑
2010
Annual accounts 2010-2,4 M €
10/03/2009
IncorporationPublic limited company

KVNRG

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