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 38 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
NPG GREEN from Tongeren-Borgloon, company number BE0833562669, closed financial year 2025 with a result of € 683,009 after tax. For that financial year NPG GREEN recorded a gross margin of € 1.7 million and equity of € 3.4 million. Compared with financial year 2024, the result moved from € 638,210 to € 683,009. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 6, 2026.
€ 3.4 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 683,009
▲ 7% vs 2024
Profit after tax over the fiscal year.
€ 400,000 paid out
59 % of the profit went to the shareholders, mostly to ENOVOS Green Power (100 % of the shares). That is where the money ends up.
People and assets in 2025
€ 4 million
▼ 15% vs 2024
Of which on lease € 4 million.
Debts at end 2025
€ 756,004
▼ 57% vs 2024
Loans from banks and other lenders, long and short.
€ 43,291
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 85,831
▲ € 73,094 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 | € 2,041,565 | € 1,802,014 | € 1,663,268 | € 1,675,872 | ▲ 1% |
| Profit after taxes | € 898,172 | € 709,588 | € 638,210 | € 683,009 | ▲ 7% |
| Equity | € 2,798,446 | € 2,958,034 | € 3,146,245 | € 3,429,253 | ▲ 9% |
| Total debts | € 4,386,772 | € 3,406,343 | € 2,291,810 | € 1,285,126 | ▼ 44% |
| Retained profit | € 1,548,446 | € 1,708,034 | € 1,896,245 | € 2,179,253 | ▲ 15% |
| Dividend | € 600,000 | € 550,000 | € 450,000 | € 400,000 | ▼ 11% |
| Bank debt | € 3,665,734 | € 2,747,495 | € 1,778,520 | € 756,004 | ▼ 57% |
| Balance sheet total | € 7,185,218 | € 6,364,377 | € 5,438,054 | € 4,714,379 | ▼ 13% |
Key figures of NPG GREEN, 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 NPG GREEN?
What happened at NPG GREEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 683,009 (▲ 7% vs 2024). Source: NBB ↗
- Frank Kusters stepped down as director. NBB
- Grégoire Gordet stepped down as director. NBB
- Frank Kusters became a director. NBB
- Grégoire Gordet became a director. NBB
- New establishment in Tongeren-Borgloon. KBO
- Start of the company according to the CBE. KBO
In short
From € 898,172 profit in 2022 to € 683,009 profit in 2025.
Paid € 962,120 in corporate taxes since 2022.
Best year ever: 2022, with € 898,172 profit.
Paid out € 2 million in dividends to the owners in total.
Management
The stake of ENOVOS Green Power, NPG GREEN II comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NPG GREENThe shares are held by ENOVOS Green Power (99.9%) and NPG GREEN II (0.1%). It owns 0.1% of NPG Green II itself.
Directors
According to the 2025 annual accounts
Frank Kusters
Director
Also active at: NPG Willebroek, NPG GREEN II, ENOVOS Green Power, EGP Solar BE I
since 2020 · until 2026
since 2020 · until 2026
Shareholders
99.9%
0.1%
Participations
0.1%
Establishments
Establishment units
Physical locations of this company
Maastrichtersteenweg 523 box 3
3700 Tongeren-Borgloon
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0833.562.669
- VAT number
- BE 0833.562.669
- Registered office
- Maastrichtersteenweg 523 bus 3, 3700 Tongeren-Borgloon
- Names & denominations
- NPG GREEN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 February 2011
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren
Productie van elektriciteit uit niet-hernieuwbare bronnen
Algemene elektrotechnische installatiewerken