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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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Busy address KBO
93 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Power Systems Research from Elsene, company number BE0451567365, closed financial year 2025 with a result of € 99,794 after tax. For that financial year Power Systems Research recorded a gross margin of € 540,360 and equity of € 897,722. Compared with financial year 2024, the result moved from € 24,889 to € 99,794. 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 July 14, 2026.
€ 897,722
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 99,794
▲ € 74,905 vs 2024
Profit after tax over the fiscal year.
€ 420,388
▼ 40% 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 € 835,722.
People and assets in 2025
3.8
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 388,483
▲ 3% vs 2024
€ 102,200 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 34,245
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 291
▼ 86% 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 | |
|---|---|---|---|---|---|
| Gross margin | € 165,532 | € 304,666 | € 392,961 | € 540,360 | ▲ 38% |
| Profit after taxes | € -227,727 | € -117,868 | € 24,889 | € 99,794 | ▲ € 74,905 |
| Equity | € 890,908 | € 773,039 | € 797,928 | € 897,722 | ▲ 13% |
| Total debts | € 475,311 | € 318,944 | € 276,892 | € 74,173 | ▼ 73% |
| Cash | € 946,168 | € 720,710 | € 706,073 | € 420,388 | ▼ 40% |
| Retained profit | € 828,908 | € 711,039 | € 735,928 | € 835,722 | ▲ 14% |
| Balance sheet total | € 1,366,218 | € 1,091,983 | € 1,074,821 | € 971,895 | ▼ 10% |
| Employees (FTE) | 3.4 | 3.4 | 3.6 | 3.8 | ▲ 0.2 |
Key figures of Power Systems Research, 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 Power Systems Research?
What happened at Power Systems Research in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 99,794 (▲ € 74,905 vs 2024). Source: NBB ↗
- Anthony Zirnhelt became a director. NBB
- Joseph Zirnhelt became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 227,727 loss in 2022 to € 99,794 profit in 2025.
Paid € 952 in corporate taxes since 2022.
Best year ever: 2025, with € 99,794 profit.
On average € 142,200 of value added per employee in 2025.
Management
Behind Power Systems Research are Joseph Zirnhelt and Anthony Zirnhelt.
Directors
According to the 2025 annual accounts
Joseph Zirnhelt
Director
since 2017
Anthony Zirnhelt
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Louizalaan 500
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 93 companies are registered at this address.
All companies at this address →CHAMBRE DE COMMERCE CANADA-BELGIQUE-LUXEMBOURG-'KAMER VAN KOOPHANDEL CANADA-BELGIE-LUXEMBURG -'CHAMBER OF COMMERCE CANADA-BELGIUM-LUXEMBOURG.
Chambre de Commerce Belgo-Chilienne
BECI-BRUSSELS CHAMBER OF COMMERCE
€ 2.3 million gross margin · 2026
CLIMAFED
€ 21,186 gross margin · 2025
Chambre Belge des Comptables et des Experts Comptables
+88 more
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
Microsoft 365
Hosting
HOSTWINDS - Hostwinds LLC., US
Domain
Domain
powersys.com
Registered
1995-12-31
Registrar
DNC Holdings, Inc.
Expires
2031-12-30
Website info
Features
Security
Details
- Company number
- 0451.567.365
- VAT number
- BE 0451.567.365
- Registered office
- Louizalaan 500, 1050 Elsene
- Names & denominations
- Power Systems Research
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 1993
- Peppol
- Active · Active since 5 Sept 2025
- Contact
- powersys.com +16519058400
- Activities · NACE
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