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C - Power

Active
Public limited companyfounded 1999active for 27 yearsBuskruitstraat 1, 8400 Oostende, BelgiumKBO/BCE: BE 0466.525.755
Summary

C - Power has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €289.0m and a net result of €18.4m. Equity remains stable across the filed financial years (±1.6% per year). Its solvency ranks better than 72% of 349 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
C - PowerActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Electricity, gas, steam and air conditioning supply
NACE 35120Production of electricity from non-renewable sources NACE 35110
Largest company by equity in Ostend, Energy sector1 site
Size
€130.5mturnover 2025
Staff
20.9 FTE
Equity
€289.0m
Profit
€18.4m
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
C-POWER HOLDCO · 63.27%
Board
7 members
Holdings
1
Auditor: Ernst et Young Reviseurs d'Entreprises2025 accounts 60 days early4 of 40 deeds summarised
Why 96lowers riskFounded in 1999Size: turnover €130.5m, 20.9 FTE, total assets €536.4mEquity €289.0m (53.9% of total assets)Liquidity: current ratio 1.61, cash €72.5mShow the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 66% of its sector peers (NACE 35, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 79+7
equity 53.9% of total assets
Liquidity 64+2
short-term debt 13.9% · cash 13.5%
Profitability 82=
return on assets 3.4%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (253 companies, NACE 35, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025highest value 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: < 0.1%▼ -0.1 percentage points vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: 0.1%▲ +0.1 percentage points vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €13,050,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.61, compared with 1.43 in 2024, above the usual 1.5; short-term debt: 13.9% and cash: 13.5% of total assets), and 46.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, small): better than 71% on solvency, 78% on liquidity, 78% on profitability and 39% on growth.

The bankruptcy probability was computed on 27-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Founded in 1999
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €130.5m, 20.9 FTE, total assets €536.4m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €289.0m (53.9% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.61, cash €72.5m
NBB · annual accounts
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
60 days early
2024
44 days early
2023
58 days early
2022
62 days early
2021
62 days early
2020
52 days early
2019
67 days early
← 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 58 days before the deadline; the sector median (NACE 35) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Korbinian Lang (director)Appointment: Jessica Rafter (director)
  2. Annual accounts filedfinancial year 2025 · full…
  3. Resignations: Sam Baneke (class B director)…Appointments: David De Brabant (director)…

Key points

  • Positive: Largest company by equity in Ostend, Energy sectorin the Checked rankings No. 1 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €18.4m 8 years View
  • Controlled by C-POWER HOLDCOknown shareholders 100% 63.27% View
  • Board changedlatest change 01-06-2026 · 7 in office 1 joined · 1 left View
  • EU supportawarded in 2023 €429,748 View

By topic

Financials

Financial year
2025
Turnover
€130.5m
Profit
€18.4m
Solvency
53.9%
Turnover▼ 8.0%
Net result
20182025
Go to Financials

Board & ownership

Board
7 members
Parent
C-POWER HOLDCO · 63.27%
Known shareholders
100%
Auditor
Ernst et Young Reviseurs…
  • SPARAXISDirector
  • Arine VereeckeDirector
  • Nicolas VoyezDirector
  • Pierre-Emmanuel GuillotDirector
  • David De BrabantDirector

and 2 other directors

Go to Board & ownership

Timeline

Events
33
Since
2001
Next accounts
by 31-07-2027
  1. 17-06-2025Annual accounts filed
  2. 27-08-2024Resignations: Arnaud Grégoire, Daniel Wain and 3…
  3. 03-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Electricity, gas, steam and air conditioning supplyNACE 35120
Founded
13-07-1999
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about C - Power

What is the company number of C - Power?
0466.525.755. In Belgium the VAT number is the company number with BE in front: BE 0466.525.755.
Where is C - Power based?
The registered office is at Buskruitstraat 1, 8400 Oostende.Company details
What does C - Power do?
According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35120).
What is the legal form of C - Power?
Public limited company (NV).
When was C - Power founded?
On 13-07-1999.
Is C - Power still active?
Yes, C - Power is an active enterprise in the KBO register.
How many employees does C - Power have?
On average 20.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of C - Power?
€130.5m in financial year 2025, according to the filed annual accounts.
Is C - Power profitable?
In financial year 2025, C - Power made a profit of €18.4m.
Where can I find the annual accounts of C - Power?
C - Power filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of C - Power due?
By 31-07-2027, for financial year 2026.Timeline

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