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 3 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 41 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 14.3 to 8.2.
Financials
Financial year 2025
RENO.ENERGY VLAANDEREN from Brussel, company number BE0898566923, closed financial year 2025 with a result of € -984,583 after tax. For that financial year RENO.ENERGY VLAANDEREN recorded a gross margin of € 56,663 and equity of € -851,966. Compared with financial year 2024, the result moved from € -3.8 million to € -984,583. 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 June 10, 2026.
€ -851,966
▲ € 2.7 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -984,583
▲ 74 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,425
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.7 million.
People and assets in 2025
8.2
▼ 5.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 685,018
▼ 48% vs 2024
€ 83,500 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1 million
▼ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 32,393
▼ 93% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,827,626 | € 18,699,551 | - | - | |
| Gross margin | - | - | € -595,934 | € 56,663 | ▲ € 652,597 |
| Profit after taxes | € -222,694 | € 965,894 | € -3,777,661 | € -984,583 | ▲ € 2.8 million |
| Equity | € -355,615 | € 210,279 | € -3,567,383 | € -851,966 | ▲ € 2.7 million |
| Total debts | € 15,027,966 | € 10,033,336 | € 6,948,195 | € 2,200,231 | ▼ 68% |
| Cash | € 478,468 | € 173,326 | € 385,337 | € 2,425 | ▼ 99% |
| Land & buildings | € 664,166 | € 632,786 | € 0 | - | |
| Retained profit | € -474,165 | € 91,729 | € -3,685,933 | € -4,670,516 | ▼ € 984,583 |
| Dividend | € 0 | € 400,000 | € 0 | € 0 | |
| Bank debt | € 436,061 | € 396,876 | € 0 | € 0 | |
| Balance sheet total | € 15,071,065 | € 10,680,798 | € 3,771,541 | € 1,348,265 | ▼ 64% |
| Employees (FTE) | 12.7 | 14.3 | 13.7 | 8.2 | ▼ 5.5 |
Key figures of RENO.ENERGY VLAANDEREN, 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 RENO.ENERGY VLAANDEREN?
What happened at RENO.ENERGY VLAANDEREN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MELCHA SRL stepped down as director. NBB
- VILAFRA SRL stepped down as director. NBB
- E&E Management SRL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 984,583. Source: NBB ↗
- MELCHA SRL became a director. NBB
- E&E Management SRL became a director. NBB
- Mathusalem SCOMM. stepped down as director. NBB
- VILAFRA SRL became a director. NBB
In short
From € 222,694 loss in 2022 to € 984,583 loss in 2025.
Paid € 17,755 in corporate taxes since 2022.
Best year ever: 2023, with € 965,894 profit.
On average € 6,900 of value added per employee in 2025.
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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 TotalEnergies Power & Gas Belgium, TotalEnergies Heating Belgium comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RENO.ENERGY VLAANDERENThe shares are held by R-GROUP HOLDING (100%), TotalEnergies Power & Gas Belgium (99.7%) and TotalEnergies Heating Belgium (0.3%).
Directors
According to the 2025 annual accounts
Director · represented by HANNEQUART Clément
Also active at: R-GROUP Holding, Sungevity Belgium, Energy Village Immo, E-NOVA
since 2025 · until 2031
Managing director · represented by THONNART Henri
Also active at: GROUP S, R-GROUP Holding, ELOY GROUP, Sungevity Belgium, Energy Village Immo, E-NOVA, RENO.ENERGY
since 2025 · until 2031
Director · represented by DUPONT Arnaud
Also active at: Sungevity Belgium, Energy Village Immo, BUILDINN, E-NOVA
since 2025 · until 2031
Michel GRANDJEAN
Director
Also active at: OAKFIN, TotalEnergies Heating Belgium, TotalEnergies Renewables Belgium, TotalEnergies Renewables DG Belgium AssetCo 1, LAMPIRIS-ISOL, LAMPIRIS COOP, LAMPIRIS WIND, MANEX
since 2024 · until 2025
José-Ignacio SANZ SAIZ José-Ignacio
Director
since 2024 · until 2025
Director · represented by HANNEQUART Clément
Also active at: R-GROUP Holding, Sungevity Belgium, E-NOVA, DYNAMIA INVEST, MAISON VICTOR
since 2025 · until 2025
Fabrizio ROSSI
Director
since 2024 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Middelweg 130A
1130 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0898.566.923
- VAT number
- BE 0898.566.923
- Registered office
- Middelweg 130A, 1130 Brussel
- Names & denominations
- RENO.ENERGY VLAANDEREN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 June 2008
- Peppol
- Active · Active since 14 Jan 2026
- Activities · NACE
Algemene elektrotechnische installatiewerken
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Overige bouwinstallatie
Overige bouwinstallatie, n.e.g.