Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FIRN energy from Menen, company number BE0898104885, closed financial year 2025 with a result of € -120,202 after tax. For that financial year FIRN energy recorded a gross margin of € 722,536 and equity of € 766,393. Compared with financial year 2024, the result moved from € -114,100 to € -120,202. The company made a loss. 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 October 15, 2026.
€ 766,393
▲ € 846,465 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -120,202
▼ 5 % more loss than in 2024
Profit after tax over the fiscal year.
€ 80,068
▼ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -212,674.
People and assets in 2025
6.5
▲ 3.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 511,447
▲ 174% vs 2024
€ 78,700 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.
€ 12,238
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 310,000
▼ 50% vs 2024
Loans from banks and other lenders, long and short.
€ 409,218
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 136,531
▲ 99% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 44,315 | € 10,211 | € 287,825 | € 722,536 | ▲ 151% |
| Profit after taxes | € -38,337 | € 4,027 | € -114,100 | € -120,202 | ▼ € 6,103 |
| Equity | € 30,002 | € 34,029 | € -80,071 | € 766,393 | ▲ € 846,465 |
| Total debts | € 154,244 | € 262,929 | € 1,322,801 | € 1,018,070 | ▼ 23% |
| Cash | € 6,343 | € 8,626 | € 117,515 | € 80,068 | ▼ 32% |
| Retained profit | € 17,602 | € 21,629 | € -92,471 | € -212,674 | ▼ € 120,202 |
| Bank debt | € 30,521 | € 139,330 | € 626,104 | € 310,000 | ▼ 50% |
| Balance sheet total | € 184,246 | € 296,958 | € 1,242,730 | € 1,784,463 | ▲ 44% |
| Employees (FTE) | - | 0.1 | 2.6 | 6.5 | ▲ 3.9 |
Key figures of FIRN energy, 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 FIRN energy?
What happened at FIRN energy in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 120,202. filed late Source: NBB ↗
- Octa+GROUP NV became a director. NBB
- NOVUS-R BV became a director. NBB
- New establishment in Menen. KBO
- Start of the company according to the CBE. KBO
In short
From € 38,337 loss in 2022 to € 120,202 loss in 2025.
Paid € 898 in corporate taxes since 2022.
Best year ever: 2023, with € 4,027 profit.
On average € 111,200 of value added per employee in 2025.
Management
The stake of OCTA+ GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FIRN energyBehind FIRN energy are Octa+GROUP NV and NOVUS-R BV. The shares are held by OCTA+ GROUP (25%).
Directors
According to the 2025 annual accounts
Director · represented by Rigo Xavier
Also active at: OCTA+ ENERGIE, OCTA+ MAZOUT, KONHAVER, OCTA+ GROUP, OCTA + LIEGE ARDENNES, O.L.A TRANS, WEB MAZOUT, HELLO SQUARE +3 more
since 2025
Director · represented by RAMACKER NICO
since 2023
Shareholders
25%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Parkstraat 23
8930 Menen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0898.104.885
- VAT number
- BE 0898.104.885
- Registered office
- Parkstraat 23, 8930 Menen
- Names & denominations
- FIRN energy
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 May 2008
- Peppol
- Active · Active since 21 Oct 2026
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