ACTIVE

KVNRG

Financial year 2025 · closed on 31/12/2025
Net result
864,5 k €
-48.5% YoY
Gross margin
1,2 M €
-49.3% YoY
Equity
759,7 k €
-52.4% YoY

What does KVNRG do?

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
Contacts
1 public detail availableLog in to view
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin1,2 M €2,4 M €4,1 M €3,2 M €1,8 M €2,4 M €2,4 M €1,8 M €1,9 M €1,8 M €3,2 M €2,9 M €2,7 M €3,1 M €2,9 M €2 M €
EBITDA1,1 M €2,3 M €3,5 M €3,1 M €1,7 M €2,3 M €2,3 M €1,7 M €1,8 M €1,7 M €3 M €2,7 M €2,7 M €3,1 M €2,9 M €2 M €
Operating result1,1 M €2,3 M €3,5 M €3,1 M €1,2 M €1,1 M €1,2 M €580,5 k €611,9 k €539,8 k €1,9 M €1,6 M €1,4 M €1,6 M €1,1 M €-2 M €
Net result864,5 k €1,7 M €2,7 M €2,3 M €949,7 k €979,5 k €935,6 k €479,4 k €552,1 k €475,5 k €1,5 M €1,4 M €1,1 M €1,2 M €959,5 k €-2,4 M €
Balance sheet
Equity759,7 k €1,6 M €1,1 M €696 k €275 k €716,5 k €1,9 M €1,8 M €2,1 M €1,9 M €2,4 M €2,2 M €2,3 M €1,5 M €545,2 k €141,1 k €
Total assets3,6 M €4 M €5 M €3,6 M €1,4 M €3,3 M €4 M €5,1 M €5,7 M €7 M €8,6 M €9,5 M €10,9 M €12,2 M €14,2 M €16,1 M €
Cash2,1 M €1,2 M €3,2 M €1,8 M €504,2 k €1 M €634,5 k €555,2 k €220 k €256,7 k €125,8 k €215,5 k €400,2 k €457 k €904,1 k €786,9 k €
Debts2,4 M €2 M €3 M €2,5 M €790,6 k €2,3 M €1,9 M €3,1 M €3,4 M €5 M €6 M €7,1 M €8,5 M €10,6 M €13,6 M €16 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 · 4 active · 23 ended

Active mandates

APAGA Management

Director · since 28 mars 2025 · until 28 mars 2031 · 0830.647.028

Represented by Pierre Mat

Active
BOIS CAHU

Director · since 28 mars 2025 · until 28 mars 2031 · 0829.229.442

Represented by Benoit Mat

Active
CHADRO

Director · since 28 mars 2025 · until 28 mars 2031 · 0821.907.526

Represented by Hubert Ewbank de Wespin

Active
VENTIS

Personne déléguée à la gestion journalière · since 28 mars 2025 · until 28 mars 2031 · 0477.540.896

Represented by Pierre Mat

Active

Ended mandates

VENTIS

Personne déléguée à la gestion journalière · since 28 mars 2025 · until 28 mars 2031 · 0477.540.896

Represented by Pierre Mat

Ended
APAGA Management

Director · since 04 juin 2018 · until 03 juin 2024 · 0830.647.028

Represented by Pierre Mat

Ended
APAGA Management

Director · since 04 juin 2018 · until 03 juin 2024 · 0830.647.028

Represented by Pierre Mat

Ended
BOIS CAHU

Director · since 04 juin 2018 · until 03 juin 2024 · 0829.229.442

Represented by Benoit Mat

Ended
At this address

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MAGNA WIND PARKActive
0568.568.567
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TABNRGActive
0823.789.326
VENTISActive
0477.540.896
WINDLOGActive
0776.490.641
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date12/06/202619/06/202514/06/202429/06/202308/06/202215/06/2021
General meeting01/06/202602/06/202503/06/202405/06/202306/06/202207/06/2021
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202612/06/2026FrenchPDF
Abridged model31/12/202402/06/202519/06/2025FrenchPDF
Abridged model31/12/202303/06/202414/06/2024FrenchPDF
Abridged model31/12/202205/06/202329/06/2023FrenchPDF
Abridged model31/12/202106/06/202208/06/2022FrenchPDF
Abridged model31/12/202007/06/202115/06/2021FrenchPDF
Abridged model31/12/201902/06/202024/06/2020FrenchPDF
Abridged model31/12/201803/06/201919/06/2019FrenchPDF
Abridged model31/12/201704/06/201812/07/2018FrenchPDF
Abridged model31/12/201606/06/201723/06/2017FrenchPDF
Abridged model31/12/201506/06/201627/06/2016FrenchPDF
Abridged model31/12/201401/06/201519/06/2015FrenchPDF
Abridged model31/12/201302/06/201427/06/2014FrenchPDF
Abridged model31/12/201207/06/201314/06/2013FrenchPDF
Abridged model31/12/201104/06/201219/06/2012FrenchPDF
Abridged model31/12/201004/06/201114/06/2011FrenchPDF
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 · 4 active · 23 ended

Active mandates

APAGA Management

Director · since 28 mars 2025 · until 28 mars 2031 · 0830.647.028

Represented by Pierre Mat

Active
BOIS CAHU

Director · since 28 mars 2025 · until 28 mars 2031 · 0829.229.442

Represented by Benoit Mat

Active
CHADRO

Director · since 28 mars 2025 · until 28 mars 2031 · 0821.907.526

Represented by Hubert Ewbank de Wespin

Active
VENTIS

Personne déléguée à la gestion journalière · since 28 mars 2025 · until 28 mars 2031 · 0477.540.896

Represented by Pierre Mat

Active

Ended mandates

VENTIS

Personne déléguée à la gestion journalière · since 28 mars 2025 · until 28 mars 2031 · 0477.540.896

Represented by Pierre Mat

Ended
APAGA Management

Director · since 04 juin 2018 · until 03 juin 2024 · 0830.647.028

Represented by Pierre Mat

Ended
APAGA Management

Director · since 04 juin 2018 · until 03 juin 2024 · 0830.647.028

Represented by Pierre Mat

Ended
BOIS CAHU

Director · since 04 juin 2018 · until 03 juin 2024 · 0829.229.442

Represented by Benoit Mat

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 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

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 2025864,5 k €
  2. 2024
    Annual accounts 20241,7 M €
  3. 2023
    Annual accounts 20232,7 M €
  4. 2022
    Annual accounts 20222,3 M €
  5. 2021
    Annual accounts 2021949,7 k €
  6. 2020
    Annual accounts 2020979,5 k €
  7. 2019
    Annual accounts 2019935,6 k €
  8. 2018
    Annual accounts 2018479,4 k €
  9. 2017
    Annual accounts 2017552,1 k €
  10. 2016
    Annual accounts 2016475,5 k €
  11. 2015
    Annual accounts 20151,5 M €
  12. 2014
    Annual accounts 20141,4 M €
  13. 2013
    Annual accounts 20131,1 M €
  14. 2012
    Annual accounts 20121,2 M €
  15. 2011
    Annual accounts 2011959,5 k €
  16. 2010
    Annual accounts 2010-2,4 M €
  17. 10/03/2009
    IncorporationPublic limited company