FAPELEC

The computed 12-month bankruptcy probability of FAPELEC is 2.4% (moderate). The annual accounts of FAPELEC for financial year 2025 show a net loss of 55% of the equity at the start of that year. The 2025 annual accounts show equity of €10,350 and a net result of -€12,790. Equity is shrinking by about 22% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. Its solvency ranks better than 21% of 523 sector peers (NACE 42, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.