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 36 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
GRENSLAND POWER from Gent, company number BE0812318679, closed financial year 2025 with a result of € 159,794 after tax. For that financial year GRENSLAND POWER recorded a gross margin of € 224,957 and equity of € 176,025. Compared with financial year 2024, the result moved from € -328,779 to € 159,794. 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 July 28, 2026.
€ 176,025
▲ € 159,091 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 159,794
▲ still € 328,779 loss in 2024
Profit after tax over the fiscal year.
€ 356,513
▼ 51% 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 € 114,525.
Debts at end 2025
€ 530,000
Loans from banks and other lenders, long and short.
€ 1.3 million
▲ € 1.1 million vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,353
▲ 127% 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 | € 1,344,913 | € 400,383 | € 265,083 | € 224,957 | ▼ 15% |
| Profit after taxes | € 626,199 | € -201,369 | € -328,779 | € 159,794 | ▲ € 488,574 |
| Equity | € 2,002,477 | € 354,161 | € 16,934 | € 176,025 | ▲ € 159,091 |
| Total debts | € 394,513 | € 293,926 | € 747,615 | € 1,875,599 | ▲ 151% |
| Cash | € 744,864 | € 34,251 | € 720,601 | € 356,513 | ▼ 51% |
| Retained profit | € 484,879 | € 283,510 | € -45,270 | € 114,525 | ▲ € 159,794 |
| Dividend | € 260,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 530,000 | € 530,000 | |
| Balance sheet total | € 2,528,873 | € 793,809 | € 924,110 | € 2,225,023 | ▲ 141% |
Key figures of GRENSLAND POWER, 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 GRENSLAND POWER?
What happened at GRENSLAND POWER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Galloo Holding NV stepped down as director. NBB
- Decospan Holding NV stepped down as director. NBB
- Forena VZW stepped down as director. NBB
- Trevi Finance NV stepped down as director. NBB
- Ervede NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 159,794. Source: NBB ↗
- Galloo Holding NV became a director. NBB
- Decospan Holding NV became a director. NBB
In short
From € 626,199 profit in 2022 to € 159,794 profit in 2025.
Paid € 119,234 in corporate taxes since 2022.
Best year ever: 2022, with € 626,199 profit.
Paid out € 260,000 in dividends to the owners in total.
Management
The stake of TREVI FINANCE, DECOSPAN HOLDING, ERVEDE, 'T VEER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GRENSLAND POWERThe shares are held by TREVI FINANCE (39.5%), DECOSPAN HOLDING (24%), ERVEDE (24%) and 'T VEER (2%).
Directors
According to the 2025 annual accounts
Chairman of the board · represented by Wouter Pattyn
since 2023 · until 2029
Director · represented by Gunther Bamelis
since 2023 · until 2029
Director · represented by Rik Debaere
since 2024 · until 2030
Managing director · represented by Peter Vandeputte
Also active at: TREVI, LAVIEDOR, Industrial Process Equipment and Chemicals, Albertstroom, ARDO ENERGY BELGIUM, HESBAYE ENERGIE, LEIESTROOM, GREENWITCHPOWER +5 more
since 2023 · until 2029
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Dulle-Grietlaan 17 box 7
9050 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →TREVI same network
€ 36.2 million revenue · 2025
Albertstroom same network
€ 20.3 million revenue · 2025
ARDO ENERGY BELGIUM same network
€ 586,979 gross margin · 2025
LEIESTROOM same network
€ 902,579 gross margin · 2025
TREVI FINANCE same network
€ 3.8 million revenue · 2025
+3 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
- 0812.318.679
- VAT number
- BE 0812.318.679
- Registered office
- Dulle-Grietlaan 17 bus 7, 9050 Gent
- Names & denominations
- GRENSLAND POWER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 June 2009
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen
Handel in elektriciteit
Transmissie van elektriciteit
Distributie van elektriciteit
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