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INEOS Oxide Utilities

Active
Public limited companyfounded 2003active for 23 yearsNieuwe Weg 1, 2070 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0480.204.141
Summary

INEOS Oxide Utilities has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43.6m and a net result of €1.7m. Equity has been shrinking by about 4.9% per year since 2018. Its solvency ranks better than 62% 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 09-05-2003 Normal situation
Registered office
24 active companies are registered at this address Source: KBO register, as of 3 November 2026.
Activity
Electricity, gas, steam and air conditioning supply NACE 35210and 4 others
Establishment unit
2.132.271.420 2070 Beveren-Kruibeke-Zwijndrecht, since 01-07-2003
Financial year end
31 December
Peppol
Reachable

Board and ownership

Board
and 1 other
Auditor
DELOITTE Bedrijfsrevisoren BV
Shareholders
  • Ineos Oxide Ltdannual accounts 2025
  • Ineos Group Holdings SAannual accounts 2025

Financial position

92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Turnover
€139.9m
▲ 9.1%
Profit
€1.7m
▼ 30.9%
Equity
€43.6m
▼ 29.5%
Total assets
€103.7m
▲ 19.2%
Score breakdownraises riskLiquidity: current ratio 0.68, cash €398,665, halvedlowers riskSize: turnover €139.9m, total assets €103.7mFounded in 2003Legal form: public limited companyShow the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 38% of large companies in electricity, gas and steam (NACE 35)
Financial strength · tick: 2024
Average
Solvency 67-29
equity 42.0% of total assets
Liquidity 21-19
short-term debt 58.0% · cash 0.4%
Profitability 62-2
return on assets 1.7%
Bankruptcy probability within 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 0.2% (54 companies, NACE 35, large)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025highest value 07-2025: 0.1%▼ -0.1 percentage points 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%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €4,000,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.68 (1.11 in 2024), below 1. Short-term debt is 58% and cash 0.4% of total assets. 58% of the assets are financed with debt and provisions.
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, large). It does better than 72% of them on solvency, 7% on liquidity, 39% on profitability and 35% on growth.

The bankruptcy probability was computed on 03-11-2026 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

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.68, cash €398,665, halved
NBB · annual accounts
lowers risk · Size: turnover €139.9m, total assets €103.7m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2003
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Legal form: public limited company
KBO
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
59 days early
2024
57 days early
2023
43 days early
2022
42 days early
2021
33 days early
2020
44 days early
2019
9 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 41 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)
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 19 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: More equity than 88% of companies in electricity, gas and steamsector median €2.3m · 352 companies €43.6m 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: €1.7m 8 years View
  • Caution: Result fell in 2025from €2.5m to €1.7m ▼ 30.9% View

Recent changes

  1. · Gazette deed Permanent representatives: Ine Nuyts and Corine Magnin
  2. · Gazette deed Miscellaneous
  3. · Gazette deed 1 director appointed, 1 director resigningResignation: Marcus Plevoets (director) · Appointment: Holger Laqua (director) · Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)
All 19 events

Comparable companies

These companies have the same main activity as INEOS Oxide Utilities: electricity, gas, steam and air conditioning supply (NACE 35210). They are comparable in size and age: total assets between €15m and €85m, founded between 1992 and 2021.

CompanyTotal assetsTurnover
INEOS Oxide Utilities Beveren-Kruibeke-Zwijndrecht€103.7m€139.9m
CINERGIE Fleurus€22.8m-
GEBRÜDER LENGES Sankt Vith€15.2m-
Agro-energiek Lievegem€14.8m-
Biométhane du Bois d'Arnelle Les Bons Villers€19.2m-
Ecoson Energy Beveren-Kruibeke-Zwijndrecht€37.0m€21.1m
Hyoffwind Infrastructure Halle€85.1m-
Full comparison

Key facts about INEOS Oxide Utilities

What is the company number of INEOS Oxide Utilities?
The company number of INEOS Oxide Utilities is 0480.204.141. The VAT number is the same number with BE in front: BE 0480.204.141.
Where is INEOS Oxide Utilities based?
The registered office is at Nieuwe Weg 1, 2070 Beveren-Kruibeke-Zwijndrecht.Company details
What does INEOS Oxide Utilities do?
According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35210).
What is the legal form of INEOS Oxide Utilities?
The legal form of INEOS Oxide Utilities is Public limited company (NV).
When was INEOS Oxide Utilities founded?
INEOS Oxide Utilities was founded on 09-05-2003.
Is INEOS Oxide Utilities still active?
Yes, INEOS Oxide Utilities is an active enterprise in the KBO register.
What is the turnover of INEOS Oxide Utilities?
The turnover of INEOS Oxide Utilities was €139.9m in financial year 2025, according to the filed annual accounts.Financials
Is INEOS Oxide Utilities profitable?
In financial year 2025, INEOS Oxide Utilities made a profit of €1.7m.
Where can I find the annual accounts of INEOS Oxide Utilities?
INEOS Oxide Utilities filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of INEOS Oxide Utilities due?
INEOS Oxide Utilities must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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