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 2022.
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Busy address KBO
58 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Power Online from Liège, company number BE0535615192, closed financial year 2025 with a result of € 30.5 million after tax. For that financial year Power Online recorded revenue of € 574.7 million and equity of € 35.1 million. Compared with financial year 2024, the result moved from € 14.5 million to € 30.5 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 12, 2026.
€ 35.1 million
▲ 78% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30.5 million
▲ 110% vs 2024
Profit after tax over the fiscal year.
€ 24.1 million
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 15 million paid out
49 % of the profit went to the shareholders, mostly to MEGA GROUP INTERNATIONAL SA (100 % of the shares). That is where the money ends up.
People and assets in 2025
21.1
▲ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▼ 6% vs 2024
€ 109,700 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.
€ 5,491
▼ 82% 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.
€ 154.8 million
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 110 days on average.
€ 5.6 million
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 488,594,015 | € 671,500,996 | € 637,298,423 | € 574,720,589 | ▼ 10% |
| Profit after taxes | € 817,639 | € -5,941,480 | € 14,524,914 | € 30,478,306 | ▲ 110% |
| Equity | € 11,079,901 | € 5,138,421 | € 19,663,335 | € 35,076,841 | ▲ 78% |
| Total debts | € 133,283,646 | € 184,233,051 | € 154,244,848 | € 162,546,999 | ▲ 5% |
| Cash | € 3,422,213 | € 36,809,815 | € 27,554,913 | € 24,060,905 | ▼ 13% |
| Land & buildings | € 14,140 | € 15,789 | € 4,621 | € 2,482 | ▼ 46% |
| Retained profit | € 10,779,901 | € 4,838,421 | € 19,363,335 | € 34,776,841 | ▲ 80% |
| Dividend | € 0 | € 0 | € 0 | € 15,000,000 | |
| Bank debt | € 10,000,000 | € 10,515,123 | € 0 | € 0 | |
| Balance sheet total | € 144,363,547 | € 189,371,472 | € 173,908,183 | € 197,983,840 | ▲ 14% |
| Employees (FTE) | 16.1 | 22.3 | 18.7 | 21.1 | ▲ 2.4 |
Key figures of Power Online, fiscal years 2021 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 Online?
What happened at Power Online in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 30.5 million (▲ 110% vs 2024). Source: NBB ↗
- New establishment in Leuven. KBO
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 817,639 profit in 2021 to € 30.5 million profit in 2025.
Paid € 13.4 million in corporate taxes since 2021.
Best year ever: 2025, with € 30.5 million profit.
Paid out € 15 million in dividends to the owners in total.
Establishments
Establishment units
Physical locations of this company
Rue Natalis 2
4020 Liège
Vaartstraat 167
3000 Leuven
Active since 1 September 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 58 companies are registered at this address.
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SYSTÈMES PHOTOVOLTAÏQUES
€ 25,497 gross margin · 2025
Systèmes Photovoltaïques Wallons
€ 1.9 million gross margin · 2025
+53 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
- 0535.615.192
- VAT number
- BE 0535.615.192
- Registered office
- Rue Natalis 2, 4020 Liège
- Names & denominations
- Power Online
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 June 2013
- Peppol
- Active · Active since 16 Oct 2025
- Contact
- 042424787
- Activities · NACE
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