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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Figures corrected NBB
Corrected annual account filed for 2024.
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Busy address KBO
32 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
IRENE III from Heusden-Zolder, company number BE0450483737, closed financial year 2025 with a result of € 51,838 after tax. For that financial year IRENE III recorded revenue of € 556,143 and equity of € 2.1 million. Compared with financial year 2024, the result moved from € -8,426 to € 51,838. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 2.1 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 51,838
▲ still € 8,426 loss in 2024
Profit after tax over the fiscal year.
€ 424,430
▲ 72% 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 € 1.1 million.
Debts at end 2025
€ 879,807
▼ 25% vs 2024
€ 100,000 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 124,778
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,865
▲ 114% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 642,604 | € 570,477 | € 464,609 | € 556,143 | ▲ 20% |
| Gross margin | € 479,940 | € 392,806 | € 305,139 | € 393,438 | ▲ 29% |
| Profit after taxes | € 117,077 | € 52,751 | € -8,426 | € 51,838 | ▲ € 60,263 |
| Equity | € 2,471,329 | € 2,074,080 | € 2,065,654 | € 2,117,492 | ▲ 3% |
| Total debts | € 1,843,421 | € 1,948,397 | € 1,302,077 | € 1,030,451 | ▼ 21% |
| Cash | € 121,003 | € 113,449 | € 246,528 | € 424,430 | ▲ 72% |
| Land & buildings | € 2,696,776 | € 2,406,600 | € 2,116,424 | € 1,826,247 | ▼ 14% |
| Retained profit | € 1,132,292 | € 850,491 | € 957,514 | € 1,124,800 | ▲ 17% |
| Dividend | € 0 | € 450,000 | € 0 | € 0 | |
| Bank debt | € 1,733,173 | € 1,434,134 | € 1,166,346 | € 879,807 | ▼ 25% |
| Balance sheet total | € 4,342,639 | € 4,050,366 | € 3,367,731 | € 3,147,943 | ▼ 7% |
Key figures of IRENE III, 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 IRENE III?
What happened at IRENE III in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PATRONALE LIFE NV stepped down as director. NBB
- RENTFIN BV stepped down as director. NBB
- ENERGY SOLUTIONS GROUP NV stepped down as director. NBB
- SIVA BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 51,838. Source: NBB ↗
- PATRONALE LIFE NV became a director. NBB
- RENTFIN BV became a director. NBB
- ENERGY SOLUTIONS GROUP NV became a director. NBB
In short
From € 117,077 profit in 2022 to € 51,838 profit in 2025.
Paid € 256,122 in corporate taxes since 2022.
Best year ever: 2022, with € 117,077 profit.
Paid out € 450,000 in dividends to the owners in total.
Management
The shares are held by PATRONALE SOLAR NV (80%) and SIVA BV (20%).
Directors
According to the 2025 annual accounts
Chairman of the board · represented by Filip MOEYKENS
Also active at: MANUGENIE, HYPOSTART, INDOMI, KREDIET VOOR SOCIALE WONINGEN, SOCODIX, GEWESTELIJKE MAATSCHAPPIJ VOOR HUISVESTINGSKREDIET - SOCIETE REGIONALE DE CREDIT AU LOGEMENT, Demer en Dijle, De Vrijdomskaai +48 more
since 2023 · until 2028
Director · represented by Peggy RENTMEESTERS
Also active at: Gearless Windpower, BELGIUM RENEWABLE INVESTMENTS, AUVELAIS ENERGY STORAGE, FLANDERS CHARGING PLAZA, BLUE LINES GPC, HARMIGNIES ENERGY STORAGE, BRUSSELS SOLAR, INNOTECH +28 more
since 2023 · until 2028
Managing director · represented by Bert CREEMERS
Owns 80% via PATRONALE SOLAR NV
Also active at: Gearless Windpower, BELGIUM RENEWABLE INVESTMENTS, AUVELAIS ENERGY STORAGE, FLANDERS CHARGING PLAZA, BLUE LINES GPC, HARMIGNIES ENERGY STORAGE, BRUSSELS SOLAR, INNOTECH +28 more
since 2023 · until 2028
Director · represented by Bart Van Vooren
Also active at: AUVELAIS ENERGY STORAGE, FLANDERS CHARGING PLAZA, BLUE LINES GPC, HARMIGNIES ENERGY STORAGE, HYPERFAST, MobilityPlus Finance, INVESTMENTS IN RENEWABLE ENERGY, BLUE LINES GPI +1 more
since 2020 · until 2028
Shareholders
PATRONALE SOLAR NV · holding of ENERGY SOLUTIONS GROUP NV
80%
20%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
De Lange Beemden 14.1
3550 Heusden-Zolder
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 32 companies are registered at this address.
All companies at this address →Gearless Windpower same network
€ 242,526 revenue · 2025
BELGIUM RENEWABLE INVESTMENTS same network
€ -155,892 gross margin · 2025
AUVELAIS ENERGY STORAGE same network
€ -4,569 gross margin · 2025
BLUE LINES GPC same network
€ 144,994 revenue · 2025
HARMIGNIES ENERGY STORAGE same network
€ 1.3 million gross margin · 2025
+27 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
- 0450.483.737
- VAT number
- BE 0450.483.737
- Registered office
- De Lange Beemden 14.1, 3550 Heusden-Zolder
- Names & denominations
- IRENE III
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 1993
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen
Handel in elektriciteit
Transmissie van elektriciteit