BABECO
ActiveSummary
BABECO has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23.6m and a net result of -€1.4m. Equity has been growing by about 3.2% per year since 2018. Its solvency ranks better than 82% of 352 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 21-11-1991 Normal situation
- Registered office
- 12 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- Production of electricity from non-renewable sources NACE 35110and 3 others
- Establishment unit
- 2.055.318.746 3660 Oudsbergen, since 19-05-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Board and ownership
- VAESSEN Ben Eugène JosManaging director
- Burgerlijke Maatschap Vapolis Industries100%annual accounts 2021
- Splendid100%· score 862025 annual accounts of Splendid
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Turnover
- €1.1m
- ▲ 52.8%
- Loss
- €1.4m
- ▼ 75.1%
- Equity
- €23.6m
- ▼ 6.7%
- Total assets
- €34.6m
- ▲ 0.3%
Score breakdownraises riskLiquidity: current ratio 2.11, cash €284,093, halvedLoss of €1.4m, the second in a row (financial year 2025)lowers riskSize: turnover €1.1m, total assets €34.6mFounded in 1991Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 35, medium-sized). It does better than 86% of them on solvency, 15% on liquidity, 67% on profitability and 60% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (2)
Key points
- Caution: Lower net result than 95% of companies in electricity, gas and steamsector median €159,794 · 351 companies -€1.4m View
- Caution: Board changedlatest change 01-04-2026 · 1 in office 1 joined · 1 left View
- Result rose in 2025merger with KINGREAL COMPANY ▲ 75.1% View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Caution: 2 loss-making years in a rowloss in financial year 2025 -€1.4m View
Recent changes
- · Gazette deed 2 directors appointed, 1 director resigningResignation: AMJ BEHEER (director) · Appointment: Ben VAESSEN (director) · Reappointment: EY Bedrijfsrevisoren (statutory auditor)
- · Gazette deed Merger: BABECO takes over KINGREAL COMPANYResignations: SPLENDID (director) and AMJ Beheer (director) · Permanent representatives: VAESSEN Ben Eugène and BOMANS André Joannes · The company holds all the shares of KINGREAL COMPANY
- · Gazette deed Merger proposal: BABECO takes over KINGREAL COMPANYPower of attorney: André BOMANS · The company holds all the shares of KINGREAL COMPANY
Comparable companies
These companies have the same main activity as BABECO: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €12m and €132m, founded between 1997 and 2005.
| Company | Total assets | Turnover |
|---|---|---|
| BABECO Oudsbergen | €34.6m | €1.1m |
| BIO-ENERGY Hasselt | €20.1m | €1.8m |
| 2Valorise Amel Amel | €20.9m | €3.2m |
| ELECTRABEL GREEN PROJECTS FLANDERS Brussel | €18.6m | €4.4m |
| VENTS D'HOUYET Houyet | €12.0m | €2.4m |
| FIEVA Dentergem | €28.0m | €5.4m |
| ASPIRAVI OFFSHORE Kortrijk | €132.2m | €0.6m |
Key facts about BABECO
- What is the company number of BABECO?
- The company number of BABECO is 0445.728.163. The VAT number is the same number with BE in front: BE 0445.728.163.
- Where is BABECO based?
- The registered office is at Industrieweg-Noord 1152, 3660 Oudsbergen.Company details
- What does BABECO do?
- According to the KBO register, the main activity is production of electricity from non-renewable sources (NACE 35110).
- What is the legal form of BABECO?
- The legal form of BABECO is Public limited company (NV).
- When was BABECO founded?
- BABECO was founded on 21-11-1991.
- Is BABECO still active?
- Yes, BABECO is an active enterprise in the KBO register.
- What is the turnover of BABECO?
- The turnover of BABECO was €1.1m in financial year 2025, according to the filed annual accounts.Financials
- Is BABECO profitable?
- In financial year 2025, BABECO made a loss of €1.4m.
- Where can I find the annual accounts of BABECO?
- BABECO filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BABECO due?
- BABECO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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