ACTIVE

ENECO SOLAR ENERGY

Financial year 2025 · Closed on 31/03/2025

Net result1,1 M €-39,3 %over 1 year

Gross margin4,1 M €-26,2 %over 1 year

Equity9,6 M €-32,3 %over 1 year

Identity

Source · BCE/KBO

ENECO SOLAR ENERGY is a Public limited company incorporated in 2010. Its main activity is: Trade of electricity. Its registered office is in Gent.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0823.092.411
Incorporation: 11/02/2010
Legal form: Public limited company
Registered office: Poortakkerstraat 25
9051 Gent · FlandreSee on map
Contributed capital: 5 748 000,00 €
Latest accounts: 31/03/2025

Activities (NACE)

35140Trade of electricity· main 35150Electric power generation, transmission and distribution 35110Production of electricity 35110Production of electricity 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

Financials

Source · NBB, 14 filings

Trend over 13 financial years

	2025		2024		2023		2021		2020
Income statement
Gross margin	4,1 M €	-26.2%	5,5 M €	-3.8%	5,7 M €	+22.6%	4,7 M €	-4.5%	4,9 M €
EBITDA	4,1 M €	-25.7%	5,5 M €	-3.6%	5,7 M €	+21.4%	4,7 M €	-4.5%	4,9 M €
Operating result	1,7 M €	-44.6%	3 M €	+25.3%	2,4 M €	+15.6%	2,1 M €	-14.0%	2,4 M €
Net result	1,1 M €	-39.3%	1,8 M €	+64.8%	1,1 M €	+25.3%	881,7 k €	-16.2%	1,1 M €
Balance sheet
Equity	9,6 M €	-32.3%	14,2 M €	+14.6%	12,4 M €	+9.7%	11,3 M €	+8.4%	10,4 M €
Total assets	23,8 M €	-5.7%	25,3 M €	-2.6%	25,9 M €	-3.1%	26,8 M €	-8.3%	29,2 M €
Cash	290,2 k €	-93.3%	4,3 M €	+122%	2 M €	+465%	345,6 k €	-46.1%	641,4 k €
Debts	13,3 M €	+31.9%	10,1 M €	-20.7%	12,7 M €	-14.7%	14,9 M €	-18.7%	18,3 M €
Other
Workforce	–		0,0 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 31/03/2025

2 active · 28 ended

Active mandates

ENECO SOLAR BELGIUM

Director · since 21 juin 2021 · until 28 septembre 2027 · 0819.431.848

Represented by Paul MINJAUW

Active

Eneco Solar BV

Director · since 18 novembre 2020 · until 17 novembre 2026

Represented by Cornelis De Haan

Active

Ended mandates

Eneco Solar BV

Director · since 24 novembre 2020 · until 24 novembre 2026

Represented by Erwin Leeuwis

Ended

Eneco Solar BV

Director · since 18 novembre 2020 · until 17 novembre 2026 · 6151288101

Represented by Cornelis De Haan

Ended

Eneco Heat Production & Industrials B.V

Director · since 10 mars 2017 · until 18 novembre 2020

Represented by Cornelis De Haan

Ended

ENECO SOLAR BELGIUM

Director · since 10 mars 2017 · until 20 juin 2021 · 0819.431.848

Represented by Paul Minjauw

Ended

Other companies at this address

Poortakkerstraat 25 9051 Gent

Company	CBE no.
CORDEEL-ENECO-SOLAR● Active	0818.652.086
Ecorus Invest III● Active	0654.849.176
ENECO SOLAR BELGIUM● Active	0819.431.848
ENECO SOLAR INVEST 2● Active	0450.324.577
SMART ENERGY INVEST● Active	0664.847.007
SMART HOLDING● Active	0760.455.650
SOLAERCO ANTWERPEN● Active	0839.343.077
SOLAR PANELS BRUSSELS● Active	0560.859.443
Sunergy● Active	0884.964.058

Full financial information

Source · NBB

	2025	2024	2023	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	15 months	12 months	12 months	12 months
Filing date	15/10/2025	20/12/2024	18/10/2023	08/07/2022	09/07/2021	17/07/2020
General meeting	29/09/2025	20/12/2024	28/09/2023	20/06/2022	21/06/2021	22/06/2020
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, 14 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	29/09/2025	15/10/2025	Dutch	PDF
Abridged model	31/03/2024	20/12/2024	20/12/2024	Dutch	PDF
Abridged model	31/03/2023	28/09/2023	18/10/2023	Dutch	PDF
Abridged model	31/12/2021	20/06/2022	08/07/2022	Dutch	PDF
Abridged model	31/12/2020	21/06/2021	09/07/2021	Dutch	PDF
Abridged model	31/12/2019	22/06/2020	17/07/2020	Dutch	PDF
Full model	31/12/2018	20/06/2019	08/07/2019	Dutch	PDF
Full model	31/12/2017	20/06/2018	05/07/2018	Dutch	PDF
Full model	31/12/2016	20/06/2017	11/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	01/08/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	08/07/2015	Dutch	PDF
Full model	31/12/2013	23/06/2014	08/07/2014	Dutch	PDF
Full model	31/12/2012	28/05/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	12/11/2012	11/12/2012	Dutch	PDF

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 31/03/2025

2 active · 28 ended

Active mandates

ENECO SOLAR BELGIUM

Director · since 21 juin 2021 · until 28 septembre 2027 · 0819.431.848

Represented by Paul MINJAUW

Active

Eneco Solar BV

Director · since 18 novembre 2020 · until 17 novembre 2026

Represented by Cornelis De Haan

Active

Ended mandates

Eneco Solar BV

Director · since 24 novembre 2020 · until 24 novembre 2026

Represented by Erwin Leeuwis

Ended

Eneco Solar BV

Director · since 18 novembre 2020 · until 17 novembre 2026 · 6151288101

Represented by Cornelis De Haan

Ended

Eneco Heat Production & Industrials B.V

Director · since 10 mars 2017 · until 18 novembre 2020

Represented by Cornelis De Haan

Ended

ENECO SOLAR BELGIUM

Director · since 10 mars 2017 · until 20 juin 2021 · 0819.431.848

Represented by Paul Minjauw

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Other11/09/2026
DIVERSEN
PDF
Mandates20/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other21/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates09/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2020
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 20251,1 M €↓
2024
Annual accounts 20241,8 M €↑
2023
Annual accounts 20231,1 M €↑
2021
Annual accounts 2021881,7 k €↓
2020
Annual accounts 20201,1 M €↑
2018
Annual accounts 2018281,3 k €↑
2017
Annual accounts 2017280,5 k €↓
2016
Annual accounts 20161,4 M €↑
2015
Annual accounts 2015454 k €↑
2014
Annual accounts 2014267,3 k €↑
2013
Annual accounts 2013113,2 k €↑
2012
Annual accounts 201283,2 k €↑
2011
Annual accounts 2011-391,5 k €
11/02/2010
IncorporationPublic limited company

ENECO SOLAR ENERGY

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