Summary
EMISSIONS ZERO has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €7.1m and a net result of €303,860. Equity is growing by ~10.4% per year across the filed fiscal years. The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Electricity, gas, steam and air conditioning supply
NACE 35120Production of electricity from non-renewable sources NACE 35110NACE 40110
#3 company by equity in the province of Namur, Energy sector3 sites
How big
€8.6mtotal assets 2024
- Staff
- 1 FTE
- Equity
- €7.1m
- Profit
- €303,860
Financially healthy?
Holding: outside the score modelProbability: sector outside the model
Who decides
- Board
- 4 members
- Holdings
- 9
Accounts 44 d early1 of 26 deeds read
SignalsLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
50 d early
2023
50 d early
2022
54 d early
2021
25 d late
2020
46 d early
2019
39 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 12 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Resignation: Xavier Gillon (director)Reappointments: Lucas Gossiaux (director) and…
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · full…
Financials
Fiscal year 2024Total assets €8.6mProfit €303,860Solvency 82.5%Liquidity 1.53
Turnover
€142,782▼ 26.5%
2019 - 2021
Net result
€303,860▲ 32.4%
2018 - 2024
Equity
€7.1m▲ 4.3%
2018 - 2024
Staff (FTE)
1▼ 9.1%
2023 - 2024
Financials · fiscal year 2024, full schema, 2025 accounts filed, figures not processed yet
In the rankings
#3 company by equity in the province of Namur, Energy sector#5 company by total assets in the province of Namur, Energy sector#7 oldest company in the province of Namur, Energy sector
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€0.2m▲ 47.1%€0.1m▼ 26.5%
Operating result€0.04m-€0.07m-€0.08m▼ 19.3%-€0.1m▼ 73.3%-€0.3m▼ 77.9%
Net result€0.3mwithin the sector's middle half▲ 403%€0.3mwithin the sector's middle half▼ 15.1%€0.05mwithin the sector's middle half▼ 82.4%€0.2mwithin the sector's middle half▲ 388%€0.3mwithin the sector's middle half▲ 32.4%
EBIT margin18.6%▲ 61.2pp-49.1%▼ 67.7pp
Equity€4.6mwithin the sector's middle half▲ 7.7%€4.9mwithin the sector's middle half▲ 6.1%€6.6mwithin the sector's middle half▲ 34.8%€6.8mwithin the sector's middle half▲ 1.9%€7.1mwithin the sector's middle half▲ 4.3%
Total assets€5.3mwithin the sector's middle half▲ 6.5%€5.9mwithin the sector's middle half▲ 12.7%€7.6mwithin the sector's middle half▲ 28.4%€7.7mwithin the sector's middle half▲ 0.6%€8.6mwithin the sector's middle half▲ 11.4%
Debt€0.6m▼ 1.2%€1.0m▲ 61.3%€1.0m▼ 2.4%€0.9m▼ 8.6%€1.5m▲ 64.7%
Working capital€0.8mwithin the sector's middle half▼ 6.7%€0.9mwithin the sector's middle half▲ 13.1%€1.1mwithin the sector's middle half▲ 13.3%€0.8mwithin the sector's middle half▼ 24.3%€0.5mwithin the sector's middle half▼ 31.8%
Solvency88.1%above the sector's middle half▲ 0.9pp82.9%above the sector's middle half▼ 5.2pp87.0%above the sector's middle half▲ 4.1pp88.2%above the sector's middle half▲ 1.2pp82.5%above the sector's middle half▼ 5.6pp
Current ratio4.83above the sector's middle half▼ 1.684.17above the sector's middle half▼ 0.663.98above the sector's middle half▼ 0.193.23above the sector's middle half▼ 0.751.53within the sector's middle half▼ 1.70
Return on assets (ROA)6.0%within the sector's middle half▲ 4.7pp4.5%within the sector's middle half▼ 1.5pp0.6%within the sector's middle half▼ 3.9pp3.0%within the sector's middle half▲ 2.4pp3.6%within the sector's middle half▲ 0.6pp
Staff (FTE)1.1within the sector's middle half1within the sector's middle half▼ 9.1%
above
within
below
the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €257,730 in 2024 against €144,865 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.6m
Fixed assets
€7.0m ▲ 7.0%
Current assets
€1.6m ▲ 36.3%
Equity and liabilities €8.6m
Equity
€7.1m ▲ 4.3%
Debt
€1.5m ▲ 64.7%
Debt's share of the balance-sheet total rises from 11.8% to 17.5%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
ROE
4.3%▲
2023 · 3.4%
Debt ≤ 1 year
€1.0m▲
2023 · €360,853
Debt > 1 year
€454,250▼
2023 · €545,382
Income taxes
€507▲
2023 · €51
Staff costs
€39,129▼
2023 · €54,897
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €194,195 | €142,782 | - | - | - | - |
| Non-recurring operating income76A | - | - | €2,563 | €5,909 | €77 | ▼ 98.7% |
| Goods, raw materials, services and sundry goods60/61 | - | €105,766 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €16,525 | €54,897 | €39,129 | ▼ 28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €89,210 | €106,230 | €106,315 | €106,531 | €118,205 | ▲ 11.0% |
| Other operating charges640/8 | - | €868 | €971 | €960 | €1,949 | ▲ 103% |
| Non-recurring operating charges66A | - | - | €60 | €206 | €765 | ▲ 271% |
| Gross operating margin9900 | €126,116 | €37,017 | €40,279 | €17,730 | -€97,681 | ▼ 651% |
| Operating profit (loss)9901 | €36,139 | -€70,081 | -€83,592 | -€144,865 | -€257,730 | ▼ 77.9% |
| Financial income75/76B | - | €344,605 | €151,440 | €385,463 | €584,362 | ▲ 51.6% |
| Recurring financial income75 | €275,389 | €344,605 | €151,440 | €385,463 | €584,362 | ▲ 51.6% |
| Financial charges65/66B | - | €6,978 | €17,666 | €11,025 | €22,265 | ▲ 102% |
| Recurring financial charges65 | €7,361 | €6,978 | €17,444 | €11,025 | €22,265 | ▲ 102% |
| Non-recurring financial charges66B | - | - | €222 | - | - | - |
| Profit (loss) for the period before taxes9903 | €315,024 | €267,547 | €50,181 | €229,574 | €304,368 | ▲ 32.6% |
| Income taxes67/77 | - | - | €3,164 | €51 | €507 | ▲ 890% |
| Profit (loss) for the period9904 | €315,024 | €267,547 | €47,018 | €229,523 | €303,860 | ▲ 32.4% |
| Profit (loss) for the period to be appropriated9905 | €315,024 | €267,547 | €47,018 | €229,523 | €303,860 | ▲ 32.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.3m | €5.9m | €7.6m | €7.7m | €8.6m | ▲ 11.4% |
| Fixed assets21/28 | €4.2m | €4.7m | €6.2m | €6.5m | €7.0m | ▲ 7.0% |
| Intangible fixed assets21 | - | - | €0.02m | €0.1m | €0.1m | ▲ 18.2% |
| Tangible fixed assets22/27 | €0.8m | €1.1m | €1.0m | €0.9m | €0.9m | ▲ 8.3% |
| Land and buildings22 | - | €0.7m | €0.6m | €0.5m | €0.4m | ▼ 21.9% |
| Plant, machinery and equipment23 | - | - | - | - | €0.5m | - |
| Furniture and vehicles24 | - | €0.004m | €0.002m | €0.002m | €0.003m | ▲ 26.9% |
| Assets under construction and advance payments27 | - | €0.4m | €0.4m | €0.4m | - | - |
| Financial fixed assets28 | €3.5m | €3.7m | €5.2m | €5.5m | €5.9m | ▲ 6.5% |
| Current assets29/58 | €1.0m | €1.2m | €1.4m | €1.2m | €1.6m | ▲ 36.3% |
| Amounts receivable within one year40/41 | €0.07m | €0.5m | €0.3m | €0.5m | €0.3m | ▼ 43.7% |
| Trade receivables40 | - | €0.03m | €0.05m | €0.2m | €0.08m | ▼ 58.6% |
| Other amounts receivable41 | - | €0.4m | €0.2m | €0.3m | €0.2m | ▼ 34.5% |
| Current investments50/53 | €0.2m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.6m | €0.6m | €1.0m | €0.4m | €0.9m | ▲ 125% |
| Deferred charges and accrued income490/1 | - | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 49.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.3m | €5.9m | €7.6m | €7.7m | €8.6m | ▲ 11.4% |
| Equity10/15 | €4.6m | €4.9m | €6.6m | €6.8m | €7.1m | ▲ 4.3% |
| Contributions10/11 | €4.1m | €4.2m | €6.0m | €6.1m | €6.3m | ▲ 2.8% |
| Reserves13 | €0.4m | €0.4m | €0.3m | €0.3m | €0.4m | ▲ 37.7% |
| Non-distributable reserves130/1 | - | €0.4m | €0.3m | €0.3m | €0.4m | ▲ 37.7% |
| Reserves not available under the articles1311 | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Other1319 | - | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 45.9% |
| Profit (loss) carried forward14 | €0.1m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Amounts payable17/49 | €0.6m | €1.0m | €1.0m | €0.9m | €1.5m | ▲ 64.7% |
| Amounts payable after more than one year17 | €0.4m | €0.7m | €0.6m | €0.5m | €0.5m | ▼ 16.7% |
| Financial debts170/4 | - | €0.7m | €0.6m | €0.5m | €0.5m | ▼ 16.7% |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.4m | €0.4m | €1.0m | ▲ 188% |
| Current portion of amounts payable after more than one year42 | - | €0.1m | €0.09m | €0.09m | €0.7m | ▲ 666% |
| Trade debts44 | €0.01m | €0.02m | €0.07m | €0.03m | €0.1m | ▲ 226% |
| Suppliers440/4 | - | €0.02m | €0.07m | €0.03m | €0.1m | ▲ 226% |
| Advances received on contracts in progress46 | - | - | - | €0.006m | - | - |
| Taxes, remuneration and social security45 | - | €0.04m | €0.07m | €0.05m | €0.06m | ▲ 6.6% |
| Taxes450/3 | - | €0.04m | €0.07m | €0.05m | €0.06m | ▲ 6.6% |
| Other amounts payable47/48 | - | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 4.5% |
| Accrued charges and deferred income492/3 | - | €0.006m | - | €0.001m | €0.001m | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.3m | €0.05m | €0.2m | €0.3m | ▲ 32.4% |
| + Depreciation and write-downs630 | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 11.0% |
| Operating cash flow (approximation) | €0.4m | €0.4m | €0.2m | €0.3m | €0.4m | ▲ 25.6% |
| Investment in fixed assets (approximation) | - | -€0.6m | -€1.6m | -€0.4m | -€0.6m | ▼ 42.1% |
| Change in cash | - | -€0.004m | €0.4m | -€0.5m | €0.5m | ▲ 195% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 149 companies in this sector we hold annual accounts for 80. 39 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
4 directors9 holdings
Directors
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26122123). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Elodie Belleflamme
CurrentDirector · since 01-10-2026
Philippe Bohyn
CurrentDirector · since 01-10-2026
Alain Kisiel
CurrentDirector
Lucas GOSSIAUX
CurrentDirector
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
25 of this company's 26 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Mandate history
5 people since 2026, 4 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Alain Kisiel |
|
| Elodie Belleflamme |
|
| Lucas GOSSIAUX |
|
| Philippe Bohyn |
|
| Xavier Gillon |
|
Structure & network
Owners and holdings
9 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 9
-
90%
-
63.79%
-
49.95%
-
37.5%
-
33.11%
-
27.35%
-
25%
-
14%
-
11.14%
According to the 2024 annual accounts of EMISSIONS ZERO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
4 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Timeline
13 eventsLatest 01-10-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-10
State Gazette act
Resignation: Xavier Gillon (director)Reappointments: Lucas Gossiaux (director) and Alain Kisiel (director) · Appointments: Elodie Belleflamme (director) and Philippe Bohyn (director)6 facts ▸
State Gazette act
Resignation: Xavier Gillon (director)
Reappointments: Lucas Gossiaux (director) and Alain Kisiel (director) · Appointments: Elodie Belleflamme (director) and Philippe Bohyn (director)6 facts ▸
- General meeting, 30-05-2026
- Director resignation, Xavier Gillon (director)
- Director reappointment, Lucas Gossiaux (director)
- Director reappointment, Alain Kisiel (director)
- Director appointment, Elodie Belleflamme (director)
- Director appointment, Philippe Bohyn (director)
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €5mEq €6.6m ▲34.8%
5 profitable years in a row build equity to €6.6m.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €315,024 ▲403%
Operating result €36,139, net result €315,024, both a record.
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 39 days late
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 26 acts read
About the unread acts
Of the 26 Belgian State Gazette acts we know for this company, 1 has been read. The other 25 have not been read yet: what they contain is neither established nor disproved here.
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Company details
Cooperative company · founded 26-03-2007Year ends 31-12Peppol reachable3 sites
Register details
Identification
Legal formCooperative company
Founded26-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
35120Electricity, gas, steam and air conditioning supply
35150Electricity, gas, steam and air conditioning supply
37000Sewerage
38110Waste collection, recovery and disposal activities
64210Activities of holding companies
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0888239292
Also
9925:BE0888239292
Registered
11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Namur · 3 establishment units since 2011
Ground area
5.3 ha
Building footprint
751 m²
Volume, LiDAR
3,341 m³
3 parcels, Wallonia · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
Rue Nanon 98, 5000 Namur
since 2011unit no. 2.201.689.271
Emissions Zéro
since 2021unit no. 2.316.456.901
Emissions Zéro
since 2026unit no. 2.389.825.127
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93015F0448/00R002 | Wallonia | 5.1 ha | 1 · 392 m² | - |
| 92117A0422/00L002 | Wallonia | 1,407 m² | 1 · 359 m² | 12.8 m · 3 fl. |
| 92094B0121/00Y002indicative | Wallonia | 174 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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