Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 2 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 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TRANSENERGIE from Liège, company number BE1003748377, closed financial year 2025 with a result of € -1.6 million after tax. For that financial year TRANSENERGIE recorded a gross margin of € -779,814 and equity of € -4.5 million. Compared with financial year 2024, the result moved from € -3 million to € -1.6 million. 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 22, 2026.
€ -4.5 million
▼ € 1.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.6 million
▲ 45 % less loss than in 2024
Profit after tax over the fiscal year.
€ 964,293
▲ 198% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.6 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 449,215
▲ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -229,753 | € -779,814 | ▼ € 550,062 |
| Profit after taxes | € -2,966,281 | € -1,633,655 | ▲ € 1.3 million |
| Equity | € -2,904,781 | € -4,538,436 | ▼ € 1.6 million |
| Total debts | € 9,527,413 | € 19,807,125 | ▲ 108% |
| Cash | € 324,124 | € 964,293 | ▲ 198% |
| Retained profit | € -2,966,281 | € -4,599,936 | ▼ € 1.6 million |
| Balance sheet total | € 6,622,632 | € 15,268,690 | ▲ 131% |
Key figures of TRANSENERGIE, fiscal years 2024 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 TRANSENERGIE?
What happened at TRANSENERGIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Serge ERNST stepped down as director. NBB
- Maxime BOURLET stepped down as director. NBB
- Luc GILLARD stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.6 million. Source: NBB ↗
- Serge ERNST became a director. NBB
- Maxime BOURLET became a director. NBB
- Luc GILLARD became a director. NBB
- New establishment in Liège. KBO
In short
From € 3 million loss in 2024 to € 1.6 million loss in 2025.
Management
The stake of RESA Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TRANSENERGIEThe shares are held by RESA Holding (100%). It owns 33.3% of Entreprise wallonne pour l'accélération de la transition énergétique and 33.3% of Transun itself.
Directors
According to the 2025 annual accounts
Serge ERNST
Director
Also active at: Le Foyer de la Région de Fléron, Blegny-Mine a.s.b.l., MERE JOSEPHINE, RESA Holding
since 2026 · until 2031
since 2026 · until 2031
Luc GILLARD
Director
Also active at: Compagnie Intercommunale Liégeoise des Eaux, ENODIA, Fédération du Tourisme de la Province de Liège, Orchestre philharmonique Royal de Liège, THEATRE DE LIEGE ASBL - Centre dramatique de la Fédération wallonie - Bruxelles - Centre européen de création théâtrale et chorégraphique, ASSOCIATION POUR LA GESTION DU CHATEAU DE JEHAY, NETHYS, ELICIO +3 more
since 2026 · until 2031
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Boulevard d'Avroy 38
4000 Liège
Rue Sainte-Marie 11
4000 Liège
Active since 21 December 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 1003.748.377
- VAT number
- BE 1003.748.377
- Registered office
- Boulevard d'Avroy 38, 4000 Liège
- Names & denominations
- TRANSENERGIE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 2023
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
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