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 1 of the last 1 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GRIDPOWER from Kortemark, company number BE1013745218, closed financial year 2025 with a result of € -922,335 after tax. For that financial year GRIDPOWER recorded a gross margin of € -1,687 and equity of € -907,335. 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 30, 2026.
€ -907,335
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -922,335
Profit after tax over the fiscal year.
€ 11,140
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -922,335.
Debts at end 2025
€ 7.3 million
€ 103,472 is repaid this year. At this pace the long-term loan is gone in ≈ 70 years.
€ 713,782
Supplier invoices still open on the last day of the fiscal year.
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What happened to GRIDPOWER?
What happened at GRIDPOWER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 922,335. Source: NBB ↗
- Fringloos bv became a director. NBB
- Sequentia invest bv became a director. NBB
- Start of the company according to the CBE. KBO
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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 FRINGLOOS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GRIDPOWERBehind GRIDPOWER are Fringloos bv and Sequentia invest bv. The shares are held by FRINGLOOS (50%).
Directors
According to the 2025 annual accounts
Director · represented by Laurens Steen
Also active at: STEEN ELEKTRICITEIT, REX CONSTRUCTION, REX LAND, STEEN & VDK TECHNIEKEN, R-B Projects, GLOBAL REX 2, Ampeer, Oersoep +2 more
since 2024
Director · represented by Nickolas Vulsteke
Also active at: PLASMA HOLDING, LUC VULSTEKE INDUSTRIAL, HOUTLAND BETON, Extenso, Retail Immo Menen, Royal Navy Property, LONG NELLE, IMMO DE POSTHOORN +1 more
since 2024
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hoogledestraat 122B
8610 Kortemark
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 →Beltramex
€ -66 gross margin · 2025
LUC VULSTEKE INDUSTRIAL same network
€ 94.1 million revenue · 2025
LEEUWENHART
€ 46,971 gross margin · 2025
Résidences Libramont
€ -364,614 gross margin · 2024
IMMO DE POSTHOORN same network
€ -14,723 gross margin · 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
- 1013.745.218
- VAT number
- BE 1013.745.218
- Registered office
- Hoogledestraat 122B, 8610 Kortemark
- Names & denominations
- GRIDPOWER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 September 2024
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen