528 PRODUCTIONS

Active

Private limited companyfounded 2006active for 20 yearsGroenbek 32, 8790 Waregem, BelgiumKBO/BCE: BE 0880.573.819

Summary

The computed 12-month bankruptcy probability of 528 PRODUCTIONS is 2.9% (moderate). The 2025 annual accounts show equity of €79,089 and a net result of -€1.4m. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 17% of 349 sector peers (NACE 35, financial year 2025). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

528 PRODUCTIONSActiveChecked score 49/100

Risk analysis Report Compare

Activity

Electricity, gas, steam and air conditioning supply

NACE 35300

1 site

Size

≈ €5.5mturnover 2025, estimated

Staff: 15.3 FTE
Equity: €79,089
Loss: -€1.4m

Turnover estimated from the gross margin

Financial health

49 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 2.9%

Structure

Parent: Five Twenty Eight · 100%

Five Twenty EightManaging director · permanent representative PAUWELS Edouard
REYNTJENS PatrickDirector
ThipateoManaging director · permanent representative BEKAERT Thibaud

2025 accounts 93 days early4 of 10 deeds summarised

Why 49raises riskLoss of €1.4m (financial year 2025)Liquidity: current ratio 0.52, cash €284,891Equity €79,089 (1.0% of total assets)1 of the last 3 lateShow the evidence

Checked score

Score 2025

49 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 11% of its sector peers (NACE 35, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Weak

Solvency 26-32

equity 1.0% of total assets

Liquidity 29-23

short-term debt 50.5% · cash 3.6%

Profitability 16-54

return on assets -17.4%

Bankruptcy probability, 12 months

2.9% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (254 companies, NACE 35, small)

Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025lowest value 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.9%▲ +0.4 percentage points vs 07-2025 09-2025: 1.0%▲ +0.1 percentage points vs 08-2025 10-2025: 1.3%▲ +0.3 percentage points vs 09-2025 11-2025: 1.3%● unchanged vs 10-2025 12-2025: 1.7%▲ +0.4 percentage points vs 11-2025 01-2026: 3.3%▲ +1.6 percentage points vs 12-2025highest value 02-2026: 3.3%● unchanged vs 01-2026 03-2026: 3.3%● unchanged vs 02-2026 04-2026: 3.0%▼ -0.3 percentage points vs 03-2026 05-2026: 2.8%▼ -0.2 percentage points vs 04-2026 06-2026: 2.8%● unchanged vs 05-2026 07-2026: 2.8%● unchanged vs 06-2026 08-2026: 2.8%● unchanged vs 07-2026 09-2026: 2.8%● unchanged vs 08-2026 10-2026: 2.9%▲ +0.1 percentage points vs 09-2026

Credit of up to €3,500 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.52, compared with 0.88 in 2023, below 1; short-term debt: 50.5% and cash: 3.6% of total assets), and 99% 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 13% on solvency, 11% on liquidity and 9% on profitability.

The bankruptcy probability was computed on 30-10-2026 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

Six signals.

raises riskneutral

Loss of €1.4m (financial year 2025)

NBB · annual accounts

Liquidity: current ratio 0.52, cash €284,891

NBB · annual accounts

Equity €79,089 (1.0% of total assets)

NBB · annual accounts

1 of the last 3 late

NBB · filings

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 349 sector peers (2025).

NBB · sector comparison

Position among 349 sector peers

Solvency

better than 17%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 28-04-2026, 93 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

93 days early

2023

83 days late

2022

30 days late

2021

60 days late

2020

26 days late

2019

31 days late

2018

49 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 13 days after the deadline; the sector median (NACE 35) for financial year 2023 is 22 days before the deadline, and 24% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

28-04-2026 Annual accounts filedfinancial year 2025 · abbreviated…
30-12-2025 Weakest financial yearnet -€1.4m
16-01-2025 Resignation: THIPATEO (director)Appointments: REYNTJENS Patrick (director) and…

Key points

Caution: Among the weakest 5% on net resultsector median €18,982 · 349 companies -€1.4m View
Controlled by Five Twenty Eight 100% View
Flemish supportawarded from 2022 to 2025 €214,155 View

By topic

Financials

Financial year: 2025
Total assets: €8.0m
Loss: -€1.4m
Solvency: 1.0%

Total assets▲ 70.5%

Net result

20182025

Go to Financials

Board & ownership

Board: 3 members
Parent: Five Twenty Eight · 100%

Five Twenty EightManaging director
REYNTJENS PatrickDirector
ThipateoManaging director

Go to Board & ownership

Network & group

Connected companies: 1

Go to Network & group

Timeline

Events: 17
Since: 2017

22-10-2024Annual accounts filed
28-12-2023Resignations: FIVE TWENTY EIGHT (director) and THIPATEO…
30-08-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Electricity, gas, steam and air conditioning supplyNACE 35300
Founded: 07-04-2006
Year ends: 30-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 3

Financial year: From 1 January to 31 December

Go to Articles of association

Key facts about 528 PRODUCTIONS

What is the company number of 528 PRODUCTIONS?: 0880.573.819. In Belgium the VAT number is the company number with BE in front: BE 0880.573.819.
Where is 528 PRODUCTIONS based?: The registered office is at Groenbek 32, 8790 Waregem.Company details
What does 528 PRODUCTIONS do?: According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35300).
What is the legal form of 528 PRODUCTIONS?: Private limited company (BV).
When was 528 PRODUCTIONS founded?: On 07-04-2006.
Is 528 PRODUCTIONS still active?: Yes, 528 PRODUCTIONS is an active enterprise in the KBO register.
How many employees does 528 PRODUCTIONS have?: On average 15.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of 528 PRODUCTIONS?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is 528 PRODUCTIONS profitable?: In financial year 2025, 528 PRODUCTIONS made a loss of €1.4m.
Where can I find the annual accounts of 528 PRODUCTIONS?: 528 PRODUCTIONS filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.