Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
EUROPOWER GENERATORS from Nieuwerkerken (Limb.), company number BE0429593895, closed financial year 2024 with a result of € -5.7 million after tax. For that financial year EUROPOWER GENERATORS recorded revenue of € 59.9 million and equity of € -2.1 million. Compared with financial year 2023, the result moved from € 794,832 to € -5.7 million. 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 July 28, 2025.
€ -2.1 million
▼ € 6.1 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5.7 million
▼ still € 794,832 profit in 2023
Profit after tax over the fiscal year.
€ 4 million
▲ 174% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.1 million.
People and assets in 2024
82.1
▲ 16.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 9.2 million
▲ 127% vs 2023
€ 111,600 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.
€ 348,595
▲ 139% vs 2023
Of which on lease € 108,480.
Debts at end 2024
€ 3.6 million
▼ 19% vs 2023
€ 43,423 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 19 million
▲ 151% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 125 days on average.
€ 887,954
▼ 29% vs 2023
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Revenue | € 19,753,715 | € 26,535,350 | € 59,862,282 | ▲ 126% |
| Profit after taxes | € 151,708 | € 794,832 | € -5,738,507 | ▼ € 6.5 million |
| Equity | € 3,660,982 | € 3,990,814 | € -2,090,693 | ▼ € 6.1 million |
| Total debts | € 4,572,245 | € 13,907,989 | € 41,767,457 | ▲ 200% |
| Cash | € 122,349 | € 1,472,298 | € 4,035,280 | ▲ 174% |
| Land & buildings | € 32,252 | € 24,210 | € 12,698 | ▼ 48% |
| Retained profit | € 3,646,070 | € 3,975,902 | € -2,105,605 | ▼ € 6.1 million |
| Dividend | € 0 | € 465,000 | € 343,000 | ▼ 26% |
| Bank debt | € 950,000 | € 4,444,346 | € 3,593,687 | ▼ 19% |
| Balance sheet total | € 8,332,812 | € 18,032,431 | € 39,866,296 | ▲ 121% |
| Employees (FTE) | 61.8 | 65.9 | 82.1 | ▲ 16.2 |
Key figures of EUROPOWER GENERATORS, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to EUROPOWER GENERATORS?
What happened at EUROPOWER GENERATORS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
EUROPOWER GENERATORS is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 5.7 million (▼ € 6.5 million vs 2023). Source: NBB ↗
- Vyvapower NV became a director. NBB
- New establishment in Nieuwerkerken (Limb.). KBO
- Start of the company according to the CBE. KBO
In short
From € 151,708 profit in 2022 to € 5.7 million loss in 2024.
Paid € 433,662 in corporate taxes since 2022.
Best year ever: 2023, with € 794,832 profit.
Paid out € 808,000 in dividends to the owners in total.
Management
Behind EUROPOWER GENERATORS is Vyvapower NV. The shares are held by BLUE GREEN MANAGEMENT GROUP (100%). It owns 100% of e-power Generators Ireland Limited and 100% of e-power Generators UK Limited itself.
Directors
According to the 2024 annual accounts
Bestuurder · represented by Kurt Van Dal
Owns 100% via BLUE GREEN MANAGEMENT GROUP
Also active at: Red Apple Investments, MEUVACO, BLUE GREEN MANAGEMENT GROUP, BOBININDUS POWER SYSTEMS, HAYEN LASER TECHNOLOGY, HLT INVEST
since 2022
Shareholders
BLUE GREEN MANAGEMENT GROUP · holding of Vyvapower NV
100%
Participations
e-power Generators Ireland Limited
100%
e-power Generators UK Limited
100%
Establishments
Establishment units
Physical locations of this company
Tegelrijstraat 175
3850 Nieuwerkerken (Limb.)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →ENVIRONMENTAL INDUSTRIAL POWER APPLICATIONS
€ 366,380 gross margin · 2024
EPEGE
€ -6,111 gross margin · 2024
Red Apple Investments same network
€ -19,840 gross margin · 2024
Meddition
€ -282 gross margin · 2025
Europower Generators Group
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.593.895
- VAT number
- BE 0429.593.895
- Registered office
- Tegelrijstraat 175, 3850 Nieuwerkerken (Limb.)
- Names & denominations
- EUROPOWER GENERATORS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 12 October 1986
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren