Financials
Financial year 2025
FIEVA from Dentergem, company number BE0461584297, closed financial year 2025 with a result of € 554,334 after tax. For that financial year FIEVA recorded revenue of € 5.4 million and equity of € 12.6 million. Compared with financial year 2024, the result moved from € -176,753 to € 554,334. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 5, 2026.
€ 12.6 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 554,334
▲ still € 176,753 loss in 2024
Profit after tax over the fiscal year.
€ 3.1 million
▲ 15% 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 € 284,902.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 14.9 million
▼ 19% vs 2024
€ 3.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 162,330
Supplier invoices still open on the last day of the fiscal year.
€ 25,723
▲ 17% 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 | - | - | - | € 5,431,870 | |
| Gross margin | € 6,395,258 | € 4,494,661 | € 4,004,401 | € 4,167,217 | ▲ 4% |
| Profit after taxes | € 2,249,803 | € 209,131 | € -176,753 | € 554,334 | ▲ € 731,087 |
| Equity | € 14,741,652 | € 14,082,782 | € 12,907,067 | € 12,614,067 | ▼ 2% |
| Total debts | € 25,681,373 | € 22,271,425 | € 18,884,454 | € 15,392,514 | ▼ 18% |
| Cash | € 3,443,507 | € 1,843,207 | € 2,730,753 | € 3,144,061 | ▲ 15% |
| Retained profit | € -301,810 | € -92,679 | € -269,432 | € 284,902 | ▲ € 554,334 |
| Bank debt | € 25,042,215 | € 21,661,393 | € 18,359,006 | € 14,933,190 | ▼ 19% |
| Balance sheet total | € 40,423,024 | € 36,354,208 | € 31,791,520 | € 28,006,581 | ▼ 12% |
Key figures of FIEVA, 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 FIEVA?
What happened at FIEVA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 554,334. Source: NBB ↗
- Michel Nimeh became a director. NBB
- Hans Peter Vestergaard stepped down as director. NBB
- Marcus Anders stepped down as director. NBB
- Hans Peter Vestergaard became a director. NBB
- Ellecon BV became a director. NBB
- Marcus Anders became a director. NBB
- New establishment in Dentergem. KBO
In short
From € 2.2 million profit in 2022 to € 554,334 profit in 2025.
Best year ever: 2022, with € 2.2 million profit.
Management
Behind FIEVA are Ellecon BV and Michel Nimeh. Ellecon BV is also behind SOLAR ASSET MANAGEMENT and Greenfrun.
Directors
According to the 2025 annual accounts
Manager · represented by Elien Van Nieuwenhuyse
Also active at: SOLAR ASSET MANAGEMENT, Greenfrun
since 2021
Michel Nimeh
Manager
since 2026
since 2024 · until 2026
Marcus Anders
Manager
since 2016 · until 2026
Establishments
Establishment units
Physical locations of this company
Groenhove(Wak) 18
8720 Dentergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Details
- Company number
- 0461.584.297
- VAT number
- BE 0461.584.297
- Registered office
- Groenhove(Wak) 18, 8720 Dentergem
- Names & denominations
- FIEVA
- Enterprise type
- Rechtspersoon
- Legal form
- General partnership
- Legal situation
- Normale toestand
- Start date
- 3 October 1997
- Peppol
- Active · Active since 5 May 2025
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen