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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
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Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SREW from Pajottegem, company number BE0686763166, closed financial year 2025 with a result of € -421,856 after tax. For that financial year SREW recorded a gross margin of € 302 and equity of € -11.2 million. Compared with financial year 2024, the result moved from € -535,323 to € -421,856. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ -11.2 million
▼ € 421,856 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -421,856
▲ 21 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,239
▼ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -11.3 million.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 11.2 million
▲ 4% vs 2024
Loans from banks and other lenders, long and short.
€ 1,610
▼ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -257,362 | € 26,879 | € -15,403 | € 302 | ▲ € 15,705 |
| Profit after taxes | € -878,074 | € -513,139 | € -535,323 | € -421,856 | ▲ € 113,466 |
| Equity | € -9,710,187 | € -10,223,325 | € -10,758,648 | € -11,180,504 | ▼ € 421,856 |
| Total debts | € 9,779,898 | € 10,229,681 | € 10,770,187 | € 11,188,583 | ▲ 4% |
| Cash | € 57,376 | € 2,472 | € 3,699 | € 3,239 | ▼ 12% |
| Retained profit | € -9,810,187 | € -10,323,325 | € -10,858,648 | € -11,280,504 | ▼ € 421,856 |
| Bank debt | € 9,715,737 | € 10,216,933 | € 10,753,799 | € 11,175,584 | ▲ 4% |
| Balance sheet total | € 69,712 | € 6,356 | € 11,539 | € 8,078 | ▼ 30% |
Key figures of SREW, 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 SREW?
What happened at SREW in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 421,856. filed late Source: NBB ↗
- Igor Nuzhnenko became a director. NBB
- New establishment in Pajottegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 878,074 loss in 2022 to € 421,856 loss in 2025.
Management
The stake of SAFFELBERG INVESTMENTS, AEOLUS INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SREWBehind SREW is Igor Nuzhnenko. The shares are held by IGOR NUZHNENKO HOLDING BV BV (50%), KCM Green Energy Holding BV (50%), SAFFELBERG INVESTMENTS (41.8%) and AEOLUS INVEST (38.2%). It owns 75% of DNEPRO BUGSKY WIND POWER STATION LLC itself.
Directors
According to the 2025 annual accounts
since 2024
Shareholders
IGOR NUZHNENKO HOLDING BV BV
50%
KCM Green Energy Holding BV
50%
41.8%
38.2%
Participations
DNEPRO BUGSKY WIND POWER STATION LLC
75%
Establishments
Establishment units
Physical locations of this company
Oplombeekstraat 6
1755 Pajottegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
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+11 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
- 0686.763.166
- VAT number
- BE 0686.763.166
- Registered office
- Oplombeekstraat 6, 1755 Pajottegem
- Names & denominations
- SREW
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2017
- Peppol
- Active · Active since 6 Apr 2026
- Activities · NACE
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