ACTIVE

NPG GREEN

Financial year 2025 · closed on 31/12/2025
Net result
683 k €
+7.0% YoY
Gross margin
1,7 M €
+0.8% YoY
Equity
3,4 M €
+9.0% YoY

What does NPG GREEN do?

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
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212020201920182017201620152014201320122011
Income statement
Gross margin1,7 M €1,7 M €1,8 M €2 M €1,6 M €1,7 M €1,8 M €1,8 M €1,6 M €1,6 M €1,6 M €1,8 M €357,6 k €
EBITDA1,7 M €1,7 M €1,8 M €2 M €1,6 M €1,7 M €1,8 M €1,8 M €1,6 M €1,6 M €1,8 M €1,6 M €1,6 M €1,8 M €-159,5 k €
Operating result986 k €973,4 k €1,1 M €1,4 M €881 k €1 M €1,1 M €1,2 M €895 k €854,7 k €974,3 k €835,8 k €787,2 k €980,1 k €-311,7 k €
Net result683 k €638,2 k €709,6 k €898,2 k €392,6 k €534,9 k €684,8 k €687,2 k €370,9 k €278,5 k €348,6 k €157,2 k €20,2 k €202,6 k €-727,3 k €
Balance sheet
Equity3,4 M €3,1 M €3 M €2,8 M €2,5 M €2,6 M €3,3 M €2,6 M €1,9 M €1,5 M €1,3 M €902,7 k €745,5 k €725,3 k €522,7 k €
Total assets4,7 M €5,4 M €6,4 M €7,2 M €7,7 M €9,5 M €9,5 M €9,7 M €10,9 M €11,5 M €12,2 M €12,7 M €13,7 M €14,1 M €14,7 M €
Cash110,1 k €110,6 k €110,6 k €110,9 k €111 k €855,6 k €512,8 k €655,4 k €
Debts1,3 M €2,3 M €3,4 M €4,4 M €5,2 M €6,8 M €6,3 M €7,2 M €8,9 M €9,9 M €10,8 M €11,7 M €12,8 M €13,1 M €13,9 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

Frank Kusters

Director · since 28 avril 2020 · until 28 avril 2026

Active
Grégoire Gordet

Director · since 28 avril 2020 · until 28 avril 2026

Active

Ended mandates

ENOVOS Green Power

Director · since 20 octobre 2020 · until 02 octobre 2026 · 0897.892.574

Represented by Frakus Consultancy VOF Vertegenwoordigd door Frank Kusters

Ended
Enovos Luxembourg SA

Director · since 20 octobre 2020 · until 28 octobre 2026

Represented by Gregoire Gordet

Ended
ENOVOS Green Power

Director · since 02 février 2017 · until 02 février 2023 · 0897.892.574

Represented by Frakus Consultancy VOF Vertegenwoordigd door Frank Kusters

Ended
ENOVOS Green Power

Director · since 02 février 2017 · until 02 février 2023 · 0897.892.574

Represented by Frakus Consultancy VOF Vertegenwoordigd door Frank Kusters

Ended
At this address

Other companies at this address

CompanyCBE no.
EGP Solar BE IActive
1005.322.846
0897.892.574
NPG GREEN IIActive
0833.454.682
NPG WillebroekActive
0811.469.930
RECY-KABActive
0653.936.980
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 date06/05/202605/05/202517/04/202420/03/202406/07/202217/05/2021
General meeting14/04/202608/04/202509/04/202411/04/202312/04/202213/04/2021
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202514/04/202606/05/2026DutchPDF
Abridged model31/12/202408/04/202505/05/2025DutchPDF
Abridged model31/12/202309/04/202417/04/2024DutchPDF
Abridged modelCorrection31/12/202211/04/202320/03/2024DutchPDF
Abridged model31/12/202211/04/202315/05/2023DutchPDF
Abridged model31/12/202112/04/202206/07/2022DutchPDF
Abridged model31/12/202013/04/202117/05/2021DutchPDF
Abridged model31/12/201928/04/202028/05/2020DutchPDF
Abridged model31/12/201816/04/201907/05/2019DutchPDF
Abridged model31/12/201710/04/201817/04/2018DutchPDF
Abridged model31/12/201630/06/201718/07/2017DutchPDF
Full model31/12/201512/04/201609/06/2016DutchPDF
Full model31/12/201430/06/201528/07/2015DutchPDF
Abridged model31/12/201306/06/201422/07/2014DutchPDF
Abridged model31/12/201215/04/201321/05/2013DutchPDF
Abridged model31/12/201114/06/201212/07/2012DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

Frank Kusters

Director · since 28 avril 2020 · until 28 avril 2026

Active
Grégoire Gordet

Director · since 28 avril 2020 · until 28 avril 2026

Active

Ended mandates

ENOVOS Green Power

Director · since 20 octobre 2020 · until 02 octobre 2026 · 0897.892.574

Represented by Frakus Consultancy VOF Vertegenwoordigd door Frank Kusters

Ended
Enovos Luxembourg SA

Director · since 20 octobre 2020 · until 28 octobre 2026

Represented by Gregoire Gordet

Ended
ENOVOS Green Power

Director · since 02 février 2017 · until 02 février 2023 · 0897.892.574

Represented by Frakus Consultancy VOF Vertegenwoordigd door Frank Kusters

Ended
ENOVOS Green Power

Director · since 02 février 2017 · until 02 février 2023 · 0897.892.574

Represented by Frakus Consultancy VOF Vertegenwoordigd door Frank Kusters

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 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

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 2025683 k €
  2. 2024
    Annual accounts 2024638,2 k €
  3. 2023
    Annual accounts 2023709,6 k €
  4. 2022
    Annual accounts 2022898,2 k €
  5. 2021
    Annual accounts 2021392,6 k €
  6. 2020
    Annual accounts 2020534,9 k €
  7. 2019
    Annual accounts 2019684,8 k €
  8. 2018
    Annual accounts 2018687,2 k €
  9. 2017
    Annual accounts 2017370,9 k €
  10. 2016
    Annual accounts 2016278,5 k €
  11. 2015
    Annual accounts 2015348,6 k €
  12. 2014
    Annual accounts 2014157,2 k €
  13. 2013
    Annual accounts 201320,2 k €
  14. 2012
    Annual accounts 2012202,6 k €
  15. 2011
    Annual accounts 2011-727,3 k €
  16. 03/02/2011
    IncorporationPublic limited company