What does AM-POWER do?

AM-POWER is an energy company in Pittem. Private Limited, started on 23 December 1982, 1 establishment.

What is the address of AM-POWER?

The registered office of AM-POWER is located at Brugsesteenweg 176, 8740 Pittem.

Is AM-POWER still active?

Yes. According to the CBE (29 October 2026) AM-POWER is active, legal situation “Normale toestand”, started on 23 December 1982.

Is AM-POWER registered on Peppol?

Yes, AM-POWER is registered on the Peppol network with ID 0208:0423274346.

What is the enterprise number of AM-POWER?

The enterprise number of AM-POWER is BE0423274346.

When was AM-POWER founded?

AM-POWER was founded on 23 December 1982.

Who are the directors of AM-POWER?

According to the 2025 annual accounts, the directors of AM-POWER are: Cédric BRAUNWALD, Geoffrey MATTLINGER, Philippe SPANNAGEL, Yannick GODET.

Is AM-POWER a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 23 December 1982; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did AM-POWER make in 2025?

AM-POWER recorded a loss after taxes of € 488,783 in financial year 2025.

What is the revenue of AM-POWER?

In its most recent annual accounts (2025), AM-POWER reported revenue of € 8,463,616.

How much does an employee at AM-POWER earn?

The average wage cost per full-time employee at AM-POWER was € 59,200 in 2025: staff costs of € 639,629 for 10.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does AM-POWER have?

According to the 2025 annual accounts, AM-POWER has 10.8 full-time equivalents (FTE).

AM-POWER (Private Limited) - Pittem - BE0423274346

Dossier AM-POWER, printed on 29 October 2026 from databakkes.be/en/0423274346/am-power. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 4 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

AM-POWER from Pittem, company number BE0423274346, closed financial year 2025 with a result of € -488,783 after tax. For that financial year AM-POWER recorded revenue of € 8.5 million and equity of € -22.1 million. Compared with financial year 2024, the result moved from € -3.7 million to € -488,783. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 26, 2026.

What it is worth Caution

€ -22.1 million

▼ € 606,873 vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -488,783

▲ 87 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 904,847

▲ 49% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -25.5 million.

People and assets in 2025

Full-time equivalents

10.8

▼ 0.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 639,629

▼ 3% vs 2024

€ 59,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 52,733

▼ 32% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 3.8 million

▼ 31% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 67,697

▲ 39% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 9,281,162 Revenue 2022: € 9,281,162 First fiscal year in the series	€ 5,358,602 Revenue 2023: € 5,358,602 ▼ 42% vs 2022 (€ 9,281,162) Unfavourable step	€ 2,137,233 Revenue 2024: € 2,137,233 ▼ 60% vs 2023 (€ 5,358,602) Unfavourable step	€ 8,463,616 Revenue 2025: € 8,463,616 ▲ 296% vs 2024 (€ 2,137,233) Favourable step	▲ 296%
Gross margin	€ -325,782 Gross margin 2022: € -325,782 First fiscal year in the series	€ -2,544,794 Gross margin 2023: € -2,544,794 ▼ € 2.2 million vs 2022 (€ -325,782) Unfavourable step	€ -1,291,356 Gross margin 2024: € -1,291,356 ▲ € 1.3 million vs 2023 (€ -2,544,794) Favourable step	€ 3,860,119 Gross margin 2025: € 3,860,119 ▲ € 5.2 million vs 2024 (€ -1,291,356) Favourable step	▲ € 5.2 million
Profit after taxes	€ -3,960,204 Profit after taxes 2022: € -3,960,204 First fiscal year in the series	€ -6,654,144 Profit after taxes 2023: € -6,654,144 ▼ € 2.7 million vs 2022 (€ -3,960,204) Unfavourable step	€ -3,701,151 Profit after taxes 2024: € -3,701,151 ▲ € 3 million vs 2023 (€ -6,654,144) Favourable step	€ -488,783 Profit after taxes 2025: € -488,783 ▲ € 3.2 million vs 2024 (€ -3,701,151) Favourable step	▲ € 3.2 million
Equity	€ -11,140,076 Equity 2022: € -11,140,076 First fiscal year in the series	€ -17,652,765 Equity 2023: € -17,652,765 ▼ € 6.5 million vs 2022 (€ -11,140,076) Unfavourable step	€ -21,472,006 Equity 2024: € -21,472,006 ▼ € 3.8 million vs 2023 (€ -17,652,765) Unfavourable step	€ -22,078,880 Equity 2025: € -22,078,880 ▼ € 606,873 vs 2024 (€ -21,472,006) Unfavourable step	▼ € 606,873
Total debts	€ 20,890,246 Total debts 2022: € 20,890,246 First fiscal year in the series	€ 25,131,901 Total debts 2023: € 25,131,901 ▲ 20% vs 2022 (€ 20,890,246) Unfavourable step	€ 31,459,950 Total debts 2024: € 31,459,950 ▲ 25% vs 2023 (€ 25,131,901) Unfavourable step	€ 32,136,401 Total debts 2025: € 32,136,401 ▲ 2% vs 2024 (€ 31,459,950) Unfavourable step	▲ 2%
Cash	€ 591,030 Cash 2022: € 591,030 First fiscal year in the series	€ 335,819 Cash 2023: € 335,819 ▼ 43% vs 2022 (€ 591,030) Unfavourable step	€ 607,686 Cash 2024: € 607,686 ▲ 81% vs 2023 (€ 335,819) Favourable step	€ 904,847 Cash 2025: € 904,847 ▲ 49% vs 2024 (€ 607,686) Favourable step	▲ 49%
Land & buildings	€ 1,694,254 Land & buildings 2022: € 1,694,254 First fiscal year in the series	€ 1,612,993 Land & buildings 2023: € 1,612,993 ▼ 5% vs 2022 (€ 1,694,254) Unchanged	€ 1,514,092 Land & buildings 2024: € 1,514,092 ▼ 6% vs 2023 (€ 1,612,993) Unchanged	€ 2,002,212 Land & buildings 2025: € 2,002,212 ▲ 32% vs 2024 (€ 1,514,092) Unchanged	▲ 32%
Retained profit	€ -14,623,230 Retained profit 2022: € -14,623,230 First fiscal year in the series	€ -21,277,374 Retained profit 2023: € -21,277,374 ▼ € 6.7 million vs 2022 (€ -14,623,230) Unfavourable step	€ -24,978,525 Retained profit 2024: € -24,978,525 ▼ € 3.7 million vs 2023 (€ -21,277,374) Unfavourable step	€ -25,467,308 Retained profit 2025: € -25,467,308 ▼ € 488,783 vs 2024 (€ -24,978,525) Unfavourable step	▼ € 488,783
Balance sheet total	€ 11,893,839 Balance sheet total 2022: € 11,893,839 First fiscal year in the series	€ 10,280,944 Balance sheet total 2023: € 10,280,944 ▼ 14% vs 2022 (€ 11,893,839) Unchanged	€ 11,357,908 Balance sheet total 2024: € 11,357,908 ▲ 10% vs 2023 (€ 10,280,944) Unchanged	€ 11,427,485 Balance sheet total 2025: € 11,427,485 ▲ 1% vs 2024 (€ 11,357,908) Unchanged	▲ 1%
Employees (FTE)	8.9 Employees (FTE) 2022: 8.9 First fiscal year in the series	9.3 Employees (FTE) 2023: 9.3 ▲ 0.4 vs 2022 (8.9) Unchanged	11.4 Employees (FTE) 2024: 11.4 ▲ 2.1 vs 2023 (9.3) Unchanged	10.8 Employees (FTE) 2025: 10.8 ▼ 0.6 vs 2024 (11.4) Unchanged	▼ 0.6

Key figures of AM-POWER, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to AM-POWER?

What happened at AM-POWER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Cédric BRAUNWALD stepped down as director. NBB
2031 Philippe SPANNAGEL stepped down as director. NBB
Oct 26, 2026 New annual accounts for financial year 2025: loss of € 488,783. filed late Source: NBB ↗
2025 Geoffrey MATTLINGER stepped down as director. NBB
2025 Yannick GODET stepped down as director. NBB
2025 Cédric BRAUNWALD became a director. NBB
2025 Philippe SPANNAGEL became a director. NBB
2025 Geoffrey MATTLINGER became a director. NBB

In short

From € 4 million loss in 2022 to € 488,783 loss in 2025.

Paid € 89,938 in corporate taxes since 2022.

On average € 357,400 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2025 annual accounts

Cédric BRAUNWALD

Director

Also active at: BIO-N.R.GY

since 2025 · until 2031

Geoffrey MATTLINGER

Director

since 2025 · until 2025

Philippe SPANNAGEL

Director

Also active at: BIO-N.R.GY

since 2025 · until 2031

Yannick GODET

Director

Also active at: BIO-N.R.GY

since 2023 · until 2025

Establishments

Establishment units

Physical locations of this company

Registered office

Brugsesteenweg 176

8740 Pittem

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

BIO-N.R.GY same network

€ -230,786 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0423.274.346

VAT number

BE 0423.274.346

Registered office

Brugsesteenweg 176, 8740 Pittem

Names & denominations

AM-POWER

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

23 December 1982

Peppol

Active · Active since 4 Nov 2025

Activities · NACE

Productie van elektriciteit uit niet-hernieuwbare bronnen

Handel in elektriciteit

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

View on CBE Public ↗ Annual accounts (NBB) ↗

AM-POWER

Warning lights

Financials

What happened to AM-POWER?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions