Financials
- Fiscal year
- 2025
- Turnover
- €1.1m
- Loss
- -€1.4m
- Solvency
- 68.3%
Turnover▲ 52.8%
Net result
20182025
BABECO
ActiveSummary
BABECO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23.6m and a net result of -€1.4m. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 83% of 297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Production of electricity from non-renewable sources
NACE 35110
#2 company by equity in Limburg, Energy sector1 site
How big
€1.1mturnover 2025
- Equity
- €23.6m
- Loss
- -€1.4m
Turnover +53%: merger
Who decides
- Parent
- Splendid · 100%
- Board
- 1 member
- Holdings
- 1
Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts 24 d early
Why 95- Liquidity: current ratio 2.11, cash €284,093, halved- Loss of €1.4m, the second in a row (FY 2025)+ Size: turnover €1.1m, total assets €34.6m+ Founded in 1991Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Better than 58% of its sector peers (NACE 35, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
93-5
equity 68.3% of total assets
Liquidity
37-7
short-term debt 31.7% · cash 0.8%
Profitability
76+9
return on assets -4.0%
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).
- Size: turnover €1.1m, total assets €34.6m lowers the probability for this profile
- Founded in 1991 lowers the probability for this profile
- Liquidity: current ratio 2.11, cash €284,093, halved raises the probability
- Loss of €1.4m, the second in a row (FY 2025) raises the probability
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 2.11 against 2.99 in 2024; short-term debt: 31.7% and cash: 0.8% of total assets), and 31.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 35, medium-sized). Better than this share of them on solvency 85%, liquidity 18%, profitability 67%, growth against the median 62%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1.4m
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
23 d early
2023
23 d early
2022
on the day
2021
19 d early
2020
18 d early
2019
23 d 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 19 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 9 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Resignation: AMJ BEHEER (director)Appointment: Ben VAESSEN (director) ·…
- Annual accounts filedfiscal year 2024 · full…
Key points
- Caution: Among the weakest 5% on net resultsector median €173,742 · 294 companies -€1.4m View
- Result rose in 2025merger with KINGREAL COMPANY ▲ 75.1% View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Caution: A director leftlatest change 01-04-2026 · 1 in office 1 left View
- Controlled by Splendiditself parent of 1 companies 100% View
- Caution: 2 loss-making years in a rowloss fiscal year 2025 -€1.4m View
By topic
Board & ownership
- Board
- 1 member
- Parent
- Splendid · 100%
- Auditor
- Ernst et Young Reviseurs…
Go to Board & ownership
Network & group
- Subsidiaries
- 1
- Connected companies
- 2
- Mergers and contributions
- 6
1 subsidiary
Timeline
- Events
- 40
- Since
- 2005
- Next accounts
- by 31-07-2027
- 07-07-2026Annual accounts filed
- 20-05-2026Resignation: AMJ BEHEER (director)
- 08-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Production of electricity from non-renewable sourcesNACE 35110
- Founded
- 21-11-1991
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 2
- Purpose
- 1. De studie en raming omtrent projecten in de koeltechniek, de luchtbehandeling, de…
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