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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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
43 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
GREEN4POWER from Liège, company number BE0666984074, closed financial year 2025 with a result of € 344,998 after tax. For that financial year GREEN4POWER recorded revenue of € 13 million and equity of € 9.4 million. Compared with financial year 2024, the result moved from € -377,393 to € 344,998. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 10, 2026.
€ 9.4 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 344,998
▲ still € 377,393 loss in 2024
Profit after tax over the fiscal year.
€ 2.2 million
▲ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 375,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 68.6 million
▼ 7% vs 2024
€ 8.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 381,627
▼ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 74 days on average.
€ 269,577
▲ 20% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 15,069,170 | € 10,407,747 | € 11,114,014 | € 12,980,144 | ▲ 17% |
| Profit after taxes | € 5,778,633 | € 1,002,913 | € -377,393 | € 344,998 | ▲ € 722,391 |
| Equity | € 6,926,218 | € 7,079,130 | € 8,401,737 | € 9,371,735 | ▲ 12% |
| Total debts | € 61,219,575 | € 79,291,089 | € 79,530,693 | € 70,748,281 | ▼ 11% |
| Cash | € 1,493,974 | € 6,518,631 | € 1,329,475 | € 2,184,731 | ▲ 64% |
| Retained profit | € 1,526,218 | € 1,679,130 | € 501,737 | € 471,735 | ▼ 6% |
| Dividend | € 6,000,000 | € 850,000 | € 800,000 | € 375,000 | ▼ 53% |
| Bank debt | € 53,589,108 | € 74,617,345 | € 73,448,953 | € 68,618,228 | ▼ 7% |
| Balance sheet total | € 68,155,268 | € 86,379,694 | € 87,941,905 | € 80,129,491 | ▼ 9% |
Key figures of GREEN4POWER, 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 GREEN4POWER?
What happened at GREEN4POWER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mathieu Tahon stepped down as director. NBB
- Marcel Dormann stepped down as director. NBB
- SOCOFE NV stepped down as director. NBB
- PerPetum Europe NV stepped down as director. NBB
- Jean-Michel Baetslé stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 344,998. filed late Source: NBB ↗
- Mathieu Tahon became a director. NBB
- PerPetum Europe NV became a director. NBB
In short
From € 5.8 million profit in 2022 to € 344,998 profit in 2025.
Paid € 538,956 in corporate taxes since 2022.
Best year ever: 2022, with € 5.8 million profit.
Paid out € 8 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of PerPetum Europe, SOCOFE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GREEN4POWERThe shares are held by Green for Power Holdco (100%), PerPetum Europe (70%) and SOCOFE (30%). It owns 100% of Green for Power - Hélios, 50% of Perpetum Infra 4BE and 45% of Gallée Energy 1 itself.
Directors
According to the 2025 annual accounts
Mathieu Tahon
Director
Also active at: Green for Power - Hélios, Green for Power Holdco, Green for Power - Beta
since 2024 · until 2028
Marcel Dormann
Director
Also active at: Green for Power - Hélios, Green for Power Holdco, Green for Power - Beta
since 2022 · until 2028
Director · represented by Jean-Marie Breban
Also active at: WE Environnement, C - Power, SeaMade, OTARY BIS, NORTH SEA WAVE, ESTOR-LUX, PERPETUM INFRA 4BE, Estor-Lux II +7 more
since 2022 · until 2028
Director · represented by Luc Leenknegt
Also active at: Gallee Energy 1, WESTERN WALLONIA WIND & ENERGY, PERPETUM ENERGY, Green for Power - Hélios, PerPetum Group, Green for Power Holdco, EN30, Green for Power - Beta
since 2024 · until 2028
Jean-Michel Baetslé
Director
Also active at: BAETAN, BASCH, WESTERN WALLONIA WIND & ENERGY, PerPetum Europe, COMATEX, AS SERVICES, BPN Invest, Green for Power - Hélios +2 more
since 2022 · until 2028
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Avenue Maurice-Destenay 13 box 2
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 43 companies are registered at this address.
All companies at this address →SOCIETE DE GESTION DU FRI DE LA REGION WALLONNE
€ 14.9 million gross margin · 2025
SPAQuE
€ 10.6 million revenue · 2025
SOGESTIMMO
€ -22,100 gross margin · 2025
B.E. Fin
€ 2.9 million gross margin · 2025
WE Environnement same network
€ -505,635 gross margin · 2025
+38 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
- 0666.984.074
- VAT number
- BE 0666.984.074
- Registered office
- Avenue Maurice-Destenay 13 bus 2, 4000 Liège
- Names & denominations
- GREEN4POWER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 December 2016
- Peppol
- Active · Active since 14 Apr 2026
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen
Activiteiten van holdings
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Handel in eigen onroerend goed
Holdings