Financials
Financial year 2025
THE ENERGY CIRCLE from Hasselt, company number BE0427122969, closed financial year 2025 with a result of € 191,849 after tax. For that financial year THE ENERGY CIRCLE recorded revenue of € 43.8 million and equity of € 3.6 million. Compared with financial year 2024, the result moved from € 258,325 to € 191,849. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 3.6 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 191,849
▼ 26% vs 2024
Profit after tax over the fiscal year.
€ 1.8 million
▲ € 1.3 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.4 million.
People and assets in 2025
171.9
▼ 11.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 14.1 million
▲ 3% vs 2024
€ 81,900 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.
€ 162,348
▼ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 5.3 million
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 65 days on average.
€ 2.5 million
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 15,634,053 | € 20,123,733 | € 45,600,128 | € 43,803,335 | ▼ 4% |
| Profit after taxes | € -23,948 | € 234,307 | € 258,325 | € 191,849 | ▼ 26% |
| Equity | € 1,079,014 | € 1,313,322 | € 3,399,018 | € 3,590,867 | ▲ 6% |
| Total debts | € 5,203,474 | € 6,455,894 | € 14,182,803 | € 15,636,786 | ▲ 10% |
| Cash | € 812,282 | € 976,080 | € 440,916 | € 1,784,836 | ▲ € 1.3 million |
| Land & buildings | € 78,559 | € 65,869 | € 56,978 | € 54,017 | ▼ 5% |
| Retained profit | € 496,014 | € 730,322 | € 2,170,218 | € 2,362,067 | ▲ 9% |
| Balance sheet total | € 6,671,398 | € 7,861,977 | € 17,728,410 | € 19,253,430 | ▲ 9% |
| Employees (FTE) | 69.1 | 70.7 | 183 | 171.9 | ▼ 11.1 |
Key figures of THE ENERGY CIRCLE, 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 THE ENERGY CIRCLE?
What happened at THE ENERGY CIRCLE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Democo Group NV stepped down as director. NBB
- Rafine BV stepped down as director. NBB
- HAS2B BV stepped down as director. NBB
- Sarkri NV stepped down as director. NBB
- Tdevelopment BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 191,849 (▼ 26% vs 2024). Source: NBB ↗
- MaLiBe BV stepped down as director. NBB
- Thierry Van Osselaer stepped down as director. NBB
In short
From € 23,948 loss in 2022 to € 191,849 profit in 2025.
Paid € 527,507 in corporate taxes since 2022.
Best year ever: 2024, with € 258,325 profit.
Pays suppliers within 65 days on average.
A new publication or filing at THE ENERGY CIRCLE? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Democo Group NV (100%). It owns 100% of AEW Security, 74.8% of Daeninck & Deweerdt NV, 63.7% of AEW Green and 50% of D-Watt NV itself.
Directors
According to the 2025 annual accounts
Director · represented by Johan Van Den Broeck
Also active at: VANDENBRIELE, DEHOLI, CIRIL, DEMOCO, DEMOCO GROUP, AEW Security, Demtec Services, DEBUILD +2 more
since 2022 · until 2025
Director · represented by Philip Demot
Also active at: DAENINCK & DEWEERDT, VANDENBRIELE, DEHOLI, CIRIL, DEMOCO, DEMCOR, Demtec Services, Wuitenhart +5 more
since 2025 · until 2031
Director · represented by Sarah Houben
Owns 12.9% via Democo Group NV
Also active at: DAENINCK & DEWEERDT, VANDENBRIELE, DEHOLI, HERK&RED, CIRIL, DEMOCO, DEMOCO GROUP, AEW Security +1 more
since 2023 · until 2029
Director · represented by Raf Houben
Also active at: DEHOLI, DEMOCO, TIGA-R, DEMOCO GROUP, AEW Security, AEW Green
since 2024 · until 2030
Director · represented by Thibaud Demot
Also active at: VANDENBRIELE, DEHOLI, HERK&RED, CIRIL, DEMOCO, DEMOCO GROUP, AEW Security, Demtec Services +7 more
since 2024 · until 2029
Thierry Van Osselaer
Director
since 2020 · until 2025
since 2024 · until 2030
Shareholders
Democo Group NV · holding of Sarkri NV
100%
Participations
Establishments
Establishment units
Physical locations of this company
Diepenbekerweg 11
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Barracuda
Hosting
DIGITALOCEAN-ASN - DigitalOcean, LLC, US
Website info
Features
Security
Details
- Company number
- 0427.122.969
- VAT number
- BE 0427.122.969
- Registered office
- Diepenbekerweg 11, 3500 Hasselt
- Names & denominations
- THE ENERGY CIRCLE · T.E.C.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 March 1985
- Peppol
- Active · Active since 10 Nov 2025
- Contact
- the-energycircle.be
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Elektrische installatie
Algemene elektrotechnische installatiewerken
Overige bouwinstallatie
Sanitaire werkzaamheden
Overige bouwinstallatie, n.e.g.