ACTIVE

T-POWER

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Financial year 2025 · closed on 31/12/2025
Net result
29,3 M €
+16.1% YoY
Revenue
77,9 M €
+4.7% YoY
Equity
74,4 M €
+8.7% YoY
Workforce
1,0 ETP
0.0% YoY

What does T-POWER do?

T-POWER is a Public limited company incorporated in 2005. Its main activity is: Production of electricity. Its registered office is in Ixelles. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0875.650.771
Incorporation
22/08/2005
Legal form
Public limited company
Registered office
Rue du Trône 130
1050 Ixelles · BruxellesSee on map
Contributed capital
31 891 934,37 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Activities (NACE)
35110Production of electricity· main35110Production of electricity40110Production d'électricité35120Transmission of electricity35130Distribution of electricity35140Trade of electricity+3
Joint committees (1)
  • 326
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242022202120202019201820162015201420132012201120102009200820072006
Income statement
Revenue77,9 M €74,4 M €82,3 M €69,5 M €69,5 M €71,1 M €71,6 M €71 M €67,1 M €69,8 M €68,8 M €67,4 M €––––––
EBITDA58 M €54,6 M €63,1 M €52 M €54,9 M €50,9 M €44 M €53,5 M €50,3 M €53,4 M €52,7 M €51,4 M €30,3 M €-658,1 k €-248,9 k €-132,5 k €-11,9 k €-11,9 k €
Operating result40,5 M €37,1 M €45,5 M €34,8 M €38 M €31,4 M €24,8 M €29,8 M €23,6 M €24,7 M €22 M €18,3 M €-3,1 M €-663,2 k €-248,9 k €-132,5 k €-11,9 k €-11,9 k €
Net result29,3 M €25,3 M €29,7 M €20,7 M €22,3 M €8,6 M €7,8 M €9,8 M €6,9 M €7,7 M €4,5 M €3,9 M €-13,2 M €-666,9 k €-258,5 k €-150,1 k €-15,2 k €-13 k €
Balance sheet
Equity74,4 M €68,4 M €58,5 M €46,1 M €35,7 M €34,8 M €33,2 M €33,5 M €33 M €32,7 M €50,2 M €50 M €49,8 M €56,4 M €34,6 M €13,9 M €37,8 k €53 k €
Total assets123,5 M €136,3 M €182,3 M €191,2 M €212,2 M €222,6 M €292,4 M €337,4 M €343 M €361,4 M €394,2 M €404,3 M €411,5 M €394,1 M €276,5 M €138,3 M €41,7 k €56 k €
Cash18,5 M €12,1 M €19,2 M €1,4 M €3,4 M €3,5 M €61,9 M €19,2 M €19,1 M €24,1 M €23,1 M €7,3 M €12,7 M €15 M €14,3 M €52,5 M €39,6 k €13,2 k €
Debts41,9 M €60,2 M €115,6 M €136,6 M €167,5 M €178,6 M €252,1 M €297,8 M €308,3 M €327,5 M €342,9 M €353,5 M €361,4 M €337,6 M €241,9 M €124,4 M €4 k €3 k €
Other
Workforce1,0 ETP1,0 ETP3,0 ETP3,0 ETP3,0 ETP3,0 ETP3,0 ETP3,7 ETP3,5 ETP3,3 ETP3,2 ETP2,0 ETP2,8 ETP2,6 ETP0,2 ETP–––
Estimate

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 64 ended

Active mandates

Luc Tack

Managing director · since 17 juin 2025 · until 17 juin 2031

Active
Miguel de Potter

Director · since 01 janvier 2024 · until 19 juin 2029

Active
Anne Mieke Vanwalleghem

Director · since 20 avril 2020 · until 16 juin 2026

Active

Ended mandates

Luc Tack

Managing director · since 01 septembre 2019 · until 17 juin 2025

Ended
Stefaan Haspeslagh

Director · since 02 octobre 2018 · until 18 juin 2024

Ended
Daisuke Takami

Director · since 15 mars 2017 · until 02 octobre 2018

Ended
Daisuke Takami

Director · since 15 mars 2017 · until 21 juin 2022

Ended
At this address

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TESSENDERLO DEVELOPMENT SERVICES● Active
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0643.795.829
T-Power Energy Services● Active
0838.489.378
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date03/07/202623/06/202504/11/202406/07/202329/06/202222/06/2021
General meeting16/06/202617/06/202518/06/202420/06/202321/06/202215/06/2021
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

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202516/06/202603/07/2026DutchPDF
Full model31/12/202417/06/202523/06/2025DutchPDF
Full modelCorrection31/12/202318/06/202404/11/2024DutchPDF
Full model31/12/202318/06/202428/06/2024DutchPDF
Full model31/12/202220/06/202306/07/2023DutchPDF
Full model31/12/202121/06/202229/06/2022DutchPDF
Full model31/12/202015/06/202122/06/2021DutchPDF
Full model31/12/201920/04/202021/04/2020DutchPDF
Full model31/12/201818/06/201908/07/2019DutchPDF
Full model31/12/201727/03/201830/03/2018DutchPDF
Full model31/12/201627/03/201718/04/2017DutchPDF
Full model31/12/201524/03/201627/04/2016DutchPDF
Full model31/12/201427/03/201515/04/2015DutchPDF
Full model31/12/201320/03/201421/03/2014DutchPDF
Full model31/12/201218/06/201311/07/2013DutchPDF
Abridged model31/12/201119/06/201220/06/2012DutchPDF
Abridged model31/12/201026/04/201126/05/2011DutchPDF
Abridged model31/12/200915/06/201016/06/2010DutchPDF
Abridged model31/12/200816/06/200902/07/2009DutchPDF
Abridged model31/12/200717/06/200814/08/2008DutchPDF
Abridged model31/12/200619/06/200713/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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 · 3 active · 64 ended

Active mandates

Luc Tack

Managing director · since 17 juin 2025 · until 17 juin 2031

Active
Miguel de Potter

Director · since 01 janvier 2024 · until 19 juin 2029

Active
Anne Mieke Vanwalleghem

Director · since 20 avril 2020 · until 16 juin 2026

Active

Ended mandates

Luc Tack

Managing director · since 01 septembre 2019 · until 17 juin 2025

Ended
Stefaan Haspeslagh

Director · since 02 octobre 2018 · until 18 juin 2024

Ended
Daisuke Takami

Director · since 15 mars 2017 · until 02 octobre 2018

Ended
Daisuke Takami

Director · since 15 mars 2017 · until 21 juin 2022

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other26/06/2026
    —
    PDF
  • Mandates15/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/01/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/05/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other04/11/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN
    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 202529,3 M €↑
  2. 17/06/2025
    reconductionLuc Tack — bestuurder
  3. 2024
    Annual accounts 202425,3 M €↓
  4. 18/06/2024
    reconductionKPMG Bedrijfsrevisoren BV — commissaris
  5. 01/01/2024
    nominationMiguel de Potter — bestuurder
  6. 2022
    Annual accounts 202229,7 M €↑
  7. 2021
    Annual accounts 202120,7 M €↓
  8. 2020
    Annual accounts 202022,3 M €↑
  9. 2019
    Annual accounts 20198,6 M €↑
  10. 2018
    Annual accounts 20187,8 M €↓
  11. 2016
    Annual accounts 20169,8 M €↑
  12. 2015
    Annual accounts 20156,9 M €↓
  13. 2014
    Annual accounts 20147,7 M €↑
  14. 2013
    Annual accounts 20134,5 M €↑
  15. 2012
    Annual accounts 20123,9 M €↑
  16. 2011
    Annual accounts 2011-13,2 M €↓
  17. 2010
    Annual accounts 2010-666,9 k €↓
  18. 2009
    Annual accounts 2009-258,5 k €↓
  19. 2008
    Annual accounts 2008-150,1 k €↓
  20. 2007
    Annual accounts 2007-15,2 k €↓
  21. 2006
    Annual accounts 2006-13 k €
  22. 22/08/2005
    IncorporationPublic limited company