ACTIVE

The European Association for the Promotion of Cogeneration

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result-7,2 k €+31,7 %over 1 year

Gross margin337 k €-17,6 %over 1 year

Equity249,5 k €-2,8 %over 1 year

Workforce4,0 ETP-20,0 %over 1 year

Identity

Source · BCE/KBO

The European Association for the Promotion of Cogeneration is a Non-profit organization incorporated in 2003. Its main activity is: Activities of other membership organisations n.e.c.. Its registered office is in Bruxelles. It employs on average 4,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0861.467.787
Incorporation: 04/11/2003
Legal form: Non-profit organization
Registered office: Rue d'Arlon 80
1040 Bruxelles · BruxellesSee on map
Latest accounts: 31/12/2025
Average workforce: 4,0 ETP

Activities (NACE)

94999Activities of other membership organisations n.e.c.· main 94999Activities of other membership organisations n.e.c.

Joint committees (1)

Signals

Solid equityLow riskGood liquidityHealthy social debts

Financials

Source · NBB, 11 filings

Trend over 10 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	337 k €	-17.6%	409,2 k €	+10.4%	370,5 k €	+8.3%	342,1 k €	-0.6%	344,1 k €
EBITDA	-4,9 k €	+65.1%	-14,2 k €	+34.0%	-21,5 k €	+21.9%	-27,5 k €	-142%	65,4 k €
Operating result	-4,7 k €	+62.8%	-12,6 k €	+72.3%	-45,5 k €	+6.6%	-48,6 k €	-184%	58,2 k €
Net result	-7,2 k €	+31.7%	-10,6 k €	+77.4%	-46,7 k €	+10.2%	-52 k €	-197%	53,5 k €
Balance sheet
Equity	249,5 k €	-2.8%	256,7 k €	-3.9%	267,3 k €	-14.9%	314 k €	-14.2%	366 k €
Total assets	545,6 k €	-49.3%	1,1 M €	-32.0%	1,6 M €	-19.5%	2 M €	-17.1%	2,4 M €
Cash	147 k €	-78.0%	667,6 k €	-23.0%	866,6 k €	-32.2%	1,3 M €	-26.9%	1,7 M €
Debts	184,9 k €	-71.3%	644 k €	-26.1%	870,9 k €	-7.6%	942,1 k €	-40.7%	1,6 M €
Other
Workforce	4,0 ETP	-20.0%	5,0 ETP		–		4,8 ETP	+23.1%	3,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

11 active · 46 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Carl RICHERS	MandateVice-chairman of the board of directorssince 17/06/2021endedManaging directorsince 13/06/2019ended
Hans VANDERSYPPE	MandateDirectorsince 02/12/2021ended
Raimon ARGEMI	MandateManaging directorsince 24/10/2019ended
Stefan LIESNER	MandateDirectorsince 02/12/2021ended
Marco PEZZAGLIA	Mandatesince 05/06/2018Chairman of the board of directors05/06/2018 → 05/06/2021ended
Anders STUXBERG	Mandate
HAWK-I CONSULTING0675.403.674Represented by Hans KORTEWEG	Mandate
José RODRIGUEZ MORALES	Mandate
Mihai DAVID	Mandate
Roland DEME	Mandate
Simon PIERARD	Mandate

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Vladimir HLAVINKA	Managing directorsince 11/10/2022
Anders STUXBERG	Managing directorsince 14/06/2022
Andreas BAHNER	Managing directorsince 14/06/2022
Dora ADAMO	Directorsince 02/12/2021

Other companies at this address

Rue d'Arlon 80 1040 Bruxelles

Company	CBE no.
Bureau Européen des Unions de Consommateurs● Active	0422.071.051
COGEN World Coalition● Active	0766.464.997
CQFD Europe● Active	0640.970.951
EUROGAS - European Union of the Natural Gas Industry● Active	0441.122.247
ICRC Delegation to the EU, NATO and the Kingdom of Belgium● Active	0850.976.248
LE TEMPS DES SECRETS● Bankrupt	0888.667.577
Liquid Gas Europe● Active	0879.660.039
The European Consumer Voice in Standardisation● Active	0457.696.181

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro 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	30/06/2026	25/06/2025	08/07/2024	27/07/2023	28/07/2022	26/10/2021
General meeting	17/06/2026	17/06/2025	26/06/2024	30/06/2023	14/06/2022	17/06/2021
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

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 11 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	17/06/2026	30/06/2026	French	PDF
Abridged model	31/12/2024	17/06/2025	25/06/2025	French	PDF
Micro model	31/12/2023	26/06/2024	08/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	27/07/2023	French	PDF
Abridged model	31/12/2021	14/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	17/06/2021	26/10/2021	French	PDF
Abridged model	31/12/2019	25/06/2020	03/07/2020	Dutch	PDF
Abridged model	31/12/2018	13/06/2019	27/08/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	26/07/2018	Dutch	PDF
Abridged model	31/12/2016	14/09/2017	26/09/2017	Dutch	PDF
Abridged model	31/12/2006	10/05/2007	13/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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

11 active · 46 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Carl RICHERS	MandateVice-chairman of the board of directorssince 17/06/2021endedManaging directorsince 13/06/2019ended
Hans VANDERSYPPE	MandateDirectorsince 02/12/2021ended
Raimon ARGEMI	MandateManaging directorsince 24/10/2019ended
Stefan LIESNER	MandateDirectorsince 02/12/2021ended
Marco PEZZAGLIA	Mandatesince 05/06/2018Chairman of the board of directors05/06/2018 → 05/06/2021ended
Anders STUXBERG	Mandate
HAWK-I CONSULTING0675.403.674Represented by Hans KORTEWEG	Mandate
José RODRIGUEZ MORALES	Mandate
Mihai DAVID	Mandate
Roland DEME	Mandate
Simon PIERARD	Mandate

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Vladimir HLAVINKA	Managing directorsince 11/10/2022
Anders STUXBERG	Managing directorsince 14/06/2022
Andreas BAHNER	Managing directorsince 14/06/2022
Dora ADAMO	Directorsince 02/12/2021

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates31/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates28/08/2025
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates03/01/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates04/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates26/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates08/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates27/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates04/11/2022
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

Filings10 filings

Mandates

Vladimir HLAVINKA

Anders STUXBERG

Andreas BAHNER

Hans VANDERSYPPE

Marco GOLINELLI

Raimon ARGEMI

Marc VIGNAL

Stefan LIESNER

Dora ADAMO

Yavuz AYDIN

Carl RICHERS

Harry TRUMP

and 23 more mandates

200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

The European Association for the Promotion of Cogeneration

Rue d'Arlon 80, 1040 Etterbeek

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue d'Arlon 80, 1040 EtterbeekCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00233932
Rue d'Arlon 80, 1000 Brussels	accounts 2021	Accounts 2021 · 2022-20249990

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
The European Association for the Promotion of CogenerationCurrent	accounts 2016 → 2025	Accounts 2025 · 2026-00233932

Events

2025
Annual accounts 2025-7,2 k €↑
2024
Annual accounts 2024-10,6 k €↑
2023
Annual accounts 2023-46,7 k €↑
2022
Annual accounts 2022-52 k €↓
2021
Annual accounts 202153,5 k €↑
2020
Annual accounts 2020-30,9 k €↑
2019
Annual accounts 2019-57,5 k €↑
2018
Annual accounts 2018-150,2 k €↓
2017
Annual accounts 2017-25,8 k €↓
2016
Annual accounts 20164,8 k €
04/11/2003
IncorporationNon-profit organization

The European Association for the Promotion of Cogeneration

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