ACTIVE

NPG GREEN

Financial year 2025 · Closed on 31/12/2025

Net result683 k €+7,0 %over 1 year

Gross margin1,7 M €+0,8 %over 1 year

Equity3,4 M €+9,0 %over 1 year

Identity

Source · BCE/KBO

NPG GREEN is a Public limited company incorporated in 2011. Its main activity is: Manufacture of electric motors, generators and transformers. Its registered office is in Tongeren-Borgloon.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0833.562.669
Incorporation: 03/02/2011
Legal form: Public limited company
Registered office: Maastrichtersteenweg 523 box 3
3700 Tongeren-Borgloon · FlandreSee on map
Contributed capital: 1 250 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

27110Manufacture of electric motors, generators and transformers· main 27110Manufacture of electric motors, generators and transformers 35110Production of electricity 35110Production of electricity 43211Electrical installation 43211Electrical installation

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

Financials

Source · NBB, 16 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,7 M €	+0.8%	1,7 M €	-7.7%	1,8 M €	-11.7%	2 M €	+30.0%	1,6 M €
EBITDA	1,7 M €	+0.8%	1,7 M €	-7.7%	1,8 M €	-11.7%	2 M €	+30.0%	1,6 M €
Operating result	986 k €	+1.3%	973,4 k €	-12.5%	1,1 M €	-17.7%	1,4 M €	+53.4%	881 k €
Net result	683 k €	+7.0%	638,2 k €	-10.1%	709,6 k €	-21.0%	898,2 k €	+129%	392,6 k €
Balance sheet
Equity	3,4 M €	+9.0%	3,1 M €	+6.4%	3 M €	+5.7%	2,8 M €	+11.9%	2,5 M €
Total assets	4,7 M €	-13.3%	5,4 M €	-14.6%	6,4 M €	-11.4%	7,2 M €	-6.7%	7,7 M €
Cash	–		–		–		–		–
Debts	1,3 M €	-43.9%	2,3 M €	-32.7%	3,4 M €	-22.3%	4,4 M €	-15.7%	5,2 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Frank Kusters	Director28/04/2020 → 28/04/2026
Grégoire Gordet	Director28/04/2020 → 28/04/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ENOVOS Green Power0897.892.574Represented by Frakus Consultancy VOF Vertegenwoordigd door Frank Kusters	Director02/02/2017 → 2020 accounts
Enovos Luxembourg SARepresented by Gregoire Gordet	Director20/10/2020 → 2020 accounts

Other companies at this address

Maastrichtersteenweg 523 3700 Tongeren-Borgloon

Company	CBE no.
EGP Solar BE I● Active	1005.322.846
ENOVOS Green Power● Active	0897.892.574
NPG GREEN II● Active	0833.454.682
NPG Willebroek● Active	0811.469.930
RECY-KAB● Active	0653.936.980

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	06/05/2026	05/05/2025	17/04/2024	20/03/2024	06/07/2022	17/05/2021
General meeting	14/04/2026	08/04/2025	09/04/2024	11/04/2023	12/04/2022	13/04/2021
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

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 16 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	14/04/2026	06/05/2026	Dutch	PDF
Abridged model	31/12/2024	08/04/2025	05/05/2025	Dutch	PDF
Abridged model	31/12/2023	09/04/2024	17/04/2024	Dutch	PDF
Abridged modelCorrection	31/12/2022	11/04/2023	20/03/2024	Dutch	PDF
Abridged model	31/12/2022	11/04/2023	15/05/2023	Dutch	PDF
Abridged model	31/12/2021	12/04/2022	06/07/2022	Dutch	PDF
Abridged model	31/12/2020	13/04/2021	17/05/2021	Dutch	PDF
Abridged model	31/12/2019	28/04/2020	28/05/2020	Dutch	PDF
Abridged model	31/12/2018	16/04/2019	07/05/2019	Dutch	PDF
Abridged model	31/12/2017	10/04/2018	17/04/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	18/07/2017	Dutch	PDF
Full model	31/12/2015	12/04/2016	09/06/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	28/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	15/04/2013	21/05/2013	Dutch	PDF
Abridged model	31/12/2011	14/06/2012	12/07/2012	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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

2 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Frank Kusters	Director28/04/2020 → 28/04/2026
Grégoire Gordet	Director28/04/2020 → 28/04/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ENOVOS Green Power0897.892.574Represented by Frakus Consultancy VOF Vertegenwoordigd door Frank Kusters	Director02/02/2017 → 2020 accounts
Enovos Luxembourg SARepresented by Gregoire Gordet	Director20/10/2020 → 2020 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates22/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other02/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office07/03/2022
MAATSCHAPPELIJKE ZETEL
PDF
Registered office06/01/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/07/2018
ONTSLAGEN - BENOEMINGEN
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

Filings15 filings

Mandates

Frank Kusters

Grégoire Gordet

ENOVOS Green Power

Enovos Luxembourg SA

Enovos Luxembourg

Joris de Meester

CLEAN ENERGY INVEST

BLACK SWAN

DVP Invest

2011201220132014201520162017201820192020202120222023202420252026

NPG GREEN

Maastrichtersteenweg 523 bte 3, 3700 Tongeren-Borgloon

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Maastrichtersteenweg 523 bte 3, 3700 Tongeren-BorgloonCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00108179
TONGERSESTEENWEG 99, 3770 Riemst	accounts 2022	Accounts 2022 · 2023-00087426
Maastrichtersteenweg 523, 3700 Tongeren-Borgloon	accounts 2021	Accounts 2021 · 2022-20166152

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
NPG GREENCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00108179

Events

2025
Annual accounts 2025683 k €↑
2024
Annual accounts 2024638,2 k €↓
2023
Annual accounts 2023709,6 k €↓
2022
Annual accounts 2022898,2 k €↑
2021
Annual accounts 2021392,6 k €↓
2020
Annual accounts 2020534,9 k €↓
2019
Annual accounts 2019684,8 k €↓
2018
Annual accounts 2018687,2 k €↑
2017
Annual accounts 2017370,9 k €↑
2016
Annual accounts 2016278,5 k €↓
2015
Annual accounts 2015348,6 k €↑
2014
Annual accounts 2014157,2 k €↑
2013
Annual accounts 201320,2 k €↓
2012
Annual accounts 2012202,6 k €↑
2011
Annual accounts 2011-727,3 k €
03/02/2011
IncorporationPublic limited company

NPG GREEN

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